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Updated almost 3 years ago on . Most recent reply
Is this the end of the run?
Good evening BP,
I just got done reading a forum on the increase in foreclosures and there was plenty of data points being discussed and debated. But while reading through, I didn’t see anyone discuss what they are doing with all the data. Is this a time to buy? Is this a time to sell? Or are we just holding on for dear life?
There are definitely some inflated markets right now but if the national housing market crashes, it should be felt differently depending on location. I know in my market North East Illinois and South East Wisconsin, the numbers aren’t really that high. I just purchased a duplex for 155k that just needs some cosmetic help. How far can that fall? Definitely not to zero.
Is there such thing as a market crash proof market? Maybe not but there has to be a strategy to prepare.
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#5 Medium-Term Rentals Contributor
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- Youngstown, OH
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#5 Medium-Term Rentals Contributor
- Investor
- Youngstown, OH
Quote from @Lucien Perreault:
Good evening BP,
Is this a time to buy? Is this a time to sell? Or are we just holding on for dear life?
If you find a good deal, it's time to buy. If you have an asset that's not performing great and can redeploy that capital into a more profitable venture, it's time to sell.