How is your market doing so far this year? How are you doing?

[Nathan Gesner]

Inflation is the highest it's been since 1981 and continuing an upward trend. Mortgage rates are above 5%, meaning the $600,000 home from last year will now cost you $700 more per month. Financially speaking, things don't look too rosy.

I'm curious: are you changing your goals for 2022? Have you adjusted your business model? Did you take advantage of the high sales prices and sell off your inventory? Did you throw in the towel and go with bitcoin?

What have you done in 2022, and what are you planning to do?

[Malcomb Stapel]

@Nathan Gesner you may be correct on the peak, especially with rates on their way up, and some of the initial feeding frenzy and panic buying out of the way. Kansas has always been slower to react to changing markets, economic cycles, even fashion. Which would make sense as a lot of the catalyst for change has to work it's way inward from the larger population centers on the coast. 

The good news on rate hikes is that it doesn't have much of an affect on numbers when you are buying sub $100k dollar homes. A percent or two might make the deal slightly more lean, but nothing that the first rent increase won't negate.