Triangle Housing Market

[Asif Aman]

Hi Everyone,

The housing market in the triangle seems a little overheated to me. Do the folks on this forum have an opinion on that? And whether this is a good time to invest in real estate?

Thanks,

Asif

[Jiri B.]

Yes, the market is a little overheated although it is slowing down.

I personally don't think that there is a good or bad time for real estate investing. It really just depends on what your goals and strategies are. If you are investing for the long run, then the cyclical market might not be such a big deal.

I personally don't want my equity or cash sitting around, i rather have it invested and have nice cash flow.

If you are flipping, then hot market is actually good in my opinion because home buyers are paying above property value just to get move in ready property. (they are typically buying for the long run since that is where they are going to live so they might not really case as much about the cyclical market neither).

Yes, you can get into a flip just when the market crashes and you are screwed but you might not be able to predict that  time anyway so my advice is to move as fast as you can and do as many flips as you can while it lasts to save up some cash for when the market is down, then start getting a great deals.

I think the worst thing is to keep waiting.. The market cycles are long so if you wait for "great" market to purchase or flip, you might be sitting around for 10 years.. That is lots of missed opportunities in my opinion.

I don't want to get into the what will happen with the market, but i don't think it would be anywhere close to what it was in 2008 and i don't think it would happen for at least a year or two. Most likely the market will just slow down or stagnate for a while..

You can't be an investor if you are too worried about loosing your investment.