SleezyBigSlim
Banned
This is what big cities like NYC already taught us tho. We been knowing about people there renting the same spot for 30 years, its normal over there.
Homes in Dallas/Fort Worth are selling for $300k over the asking price
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I thought the argument was "illegal" immigrants... Anyone keeping the laws and operating within them is within their right to do anything they want ..
I wanted to do a new build anyway but I spent about 9 months looking at existing homes and gave up, I’m too frugal to ever over pay for a property that’s hella old and not in good condition. At this point you can get a new build for what people are paying for old ass houses.
You make a great point, but at the same time some who purchased a home in last 10 years could sell it right now and walk away with a lot more money, the renter cannot. There’s pros and cons in both scenarios and neither is wrong.
We need a devastating housing bubble burst and price crash to drive out all these idiots over paying and foreign investors
More reason for black women to stop fcking buying weave and letting them mfers do your nails..
Chrishaune
Veteran
Probably not going to happen. There's people that can pay these prices, lots of them. So they won't go down.
What you don’t realize is if we have an influx of houses on the market you are still going to have cash offers no matter what. Once that happens investors will be able to buy multiple properties in cash because they are so cheap and cash is king. It’s a lose lose situation for some of us.
They would just buy more. If they are bidding over $300K on a house, clearly they have no regard for what's going on in the market. And because the market is usually stable, they will hold.
What is needed is the government to stop selling the people out.
Mike Nasty
Superstar
They buy low, sell high, plus if it'd foreign investors they are in it for the long haul.
UberEatsDriver
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UberEatsDriver
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And you can own your home and still invest in those other avenues.
I’ll stand on there’s no right or wrong, every situation and circumstance is different.
I’m relocating out of state this summer and this is my plan too. BUT, lumber and material prices have completely skyrocketed. Newly built home prices are up too, primarily thanks to COVID.
Luckily, it’s a “sellers market”, and I’m projected to make a 40% profit (at least) when I sell in a few weeks. What sucks is that again, it’s a “sellers market”, and our newly built home (or whatever home we decide) will eat up most of the profits that we’ll gain.
Ezekiel 25:17
Veteran
It's mainly in those areas with a few other cities following behind. A majority of the country is still cheap. The South and Midwest you'll find plenty of cheap homes. The question is will there be jobs and if corporations do build, will gentrification eventually come along