INFLATION HOUSE PRICES

[Account Closed]

Is inflation, I mean, fairly significant inflation on anyone’s radar right now?? With all the money being given out and “printed”, is anyone else concerned, or looking forward to their home prices going up? Or is anyone concerned about missing the possible “buying opportunity” in 4-6 months due to inflation? How real is the idea that inflation could rack home prices higher just the same as a taco, milk, or a car?

[Alvin Uy]

Originally posted by @Account Closed:

@Alvin Uy absolutely, I think this is an underrated subject. I paid $10 for a box of exterior screws yesterday. They used to sell for $7. Also noticed Trader Joe’s raised their organic potato prices by $1. We’ll see if it starts to fab into other categories, but it’s the general expectation that inflation will hit. We’ll probably see a squeeze into RE soon.

Yeah,  I was rehabbing in the middle of the Covid Lockdown... and I noticed a big jump in building material prices in just a matter of weeks.  I was initially think it was just supply and demand issue.  But I have a feeling those pricing is here to stay.   My concern is how quickly inflation rate will be.  So I get a better idea of window timeline to invest in more property... while the interest rates are still low.