All Forum Posts by: Joanne Tsai

@Michael Haynes I am not saying Nick is completely wrong on this, I also don't have a crystal ball. There are people out there speculating whether it's inflation, stagflation or inflation and then deflation. "Nick" guy seems to agree with Powell that inflation is "transitory", which I think most likely not. As Ray Dalio discussed, it would be difficult for the FED to raise the rate by any meaningful amount due to the amount of money printed and the debt we are in. He thinks that we are heading towards monetary inflation. I don't necessarily know if that will ultimately lead to deflation in RE market, and how soon that will happen. Again, Nick said the best markets to invest is Buffalo and Albany NY based on "data", but I don't think to invest in states like NY that's crushing landlords right now is anything wise. RE investing has a lot of factors, and Nick himself is without a track of success in REI, that's why I would take his words with a grain of salt.

@Michael Haynes

I watched a few youtubers on real estate but I find him lack of knowledge in macro economics. His understanding of monetary policy and how it impacts RE is not very comprehensive. We realized that from the clip where he talked about blackrock and other public traded companies (he does not understand how these companies work for their investors and SEC rules/regulations to be traded companies). And his understanding of CPI and how it indicates inflation….. again, not very impressive……

Some of his thoughts and data are interesting but I would recommend to always verify his conclusion. I also think he doesn’t invest in RE, unlike MeetKevin or Jason Hartman to name a few.

@Rob Lee

That still means above listing price, correct? Do you have a sense how much over the asking? And are buyers still waiving contingencies?

Thanks for the insight!

@Sean O'Dowd

That’s very interesting stats, has the price gone up much since 60 days ago?

Do you have the % of transaction done at listing price vs below?

@Kumi Hodge your area is where we used to live (Albany/Berkeley)..... we left in 2017, and we thought the price at that point was already very high, only now we see a shed is asking over 1M in the neighborhood! it seems the eviction moratorium "will" end in Sep, supposedly that will ease on the inventory side, though I suspect they will just continue to extend it. CA never disappoints ;)

While interest rate is historically low, I wonder how many family is not house poor at this point. After paying 10% state tax and expensive gas/service and the mortgage, how much disposable income do people have left after.......

@Allen Wu

I’m really curious about Cape Coral as we previously looked into investing there. It doesn’t seem other than owning a short term rental, there are other viable options. We are also a little concerned about not having enough activities there other than retirement and vacation.

I have noticed the activity there has been crazy since winter, are you saying even in the middle of the summer, the price continues to climb higher? I’d think fewer people would be looking there due to the off season in tourism (but I could be totally wrong!).

@Theresa Harris

Are you in FL?

I’m very curious about how things are going in FL….. there seems to be a lot of companies moving in esp in Tampa area. And the price on the east side has already been quite high…..

@Will Gaston

Do you see eviction moratorium expiration increase the inventory in three next couple months? Not sure if there is a state specific expiration for yours.

@John Morgan

Yes I noticed that too. DFW has been a crazy market in the spring. Do you foresee the price increase to plateau soon? Or you think it hasn’t peaked yet?

Are buyers still waiving contingencies?

The couple towns I have been paying attention to around that area, the rental inventory is still quite low. Are the buyers now mostly for owner occupied? DFW is known to draw a lot of investors, I wonder if they are still actively buying or waiting it out a bit. Any insights would be appreciated!

So for all the investors that have observed some softening in your interested markets, what’s your strategy now?

Are you selling your rental properties or you are taking advantage of the current softening or you are expecting further softening and waiting to catch better deals later on?

For the realtors, have you noticed the investors behave differently in the recent months/weeks?