The Government created the bifurcation of the American Economy
Saturday, June 11
This may seem a bit harsh, but I believe that during Covid and the stimulus that was created to "save" the economy, the bifurcation of the US economy deepened. The stimulus created lots of checks going out: to pay people not to work help pay rent pay for people who had kids to support them For a...
We are in a Rent Crisis- and your landlord is in trouble too
Saturday, June 11
Does this graph (above) scare you? This is Owners Equivalent Rent (OER) Basically this shows how much it would cost to rent houses that owners live in, or the amount they would be willing to rent the houses that they own for.As you can see it is simply going up. This Graph (above) is what is h...
Were earnings in Housing pulled forward due to Covid?
Monday, June 06
We are seeing in the stock market that various companies earnings came earlier than expected. Basically Covid-19 made certain "stay at home companies" more profitable since everyone was staying home, watching Netflix and ordering from Amazon. The same could be said for housing. All the people wh...
Who will buy my flip?
Monday, June 06
Months ago buyers were reaching out to me every day looking for properties to flip. Now they are not. Why is this? There are fewer buyers for the flipped properties. What a lot of people don't know is that the demand for housing right now is being led by owner occupants, many who are FHA buyers. ...
Now is a HOUSE PICKERS market
Monday, June 06
Since 2009 the Stock Market has been basically a Bull Market where no matter what you did you would have done fine. You could have picked any Mutual Fund or Index fund and be up over 300% since 2009. But recently we have seen the stock market drop almost 20% recently. People are running from the ...
Home Replacement costs are HIGH! $200-300/Square Foot
Wednesday, June 01
I received a note in the mail today from my homeowners insurance company in reference to my 2 Family in Worcester. A couple take aways: Property Replacement Cost estimates are up 15-21% year over year Material cost increases: Copper wire +156%, Lumber +41%, plywood +88%, PVC pipe +45%, Labor cost...