All Forum Posts by: Joseph Henry

Can someone define what does "crash" mean and what does "cool down" mean? When you refer to "cool down" do you still expect prices to increase but not as much? The market in many areas appears to have 4-6 months of inventory, so prices reductions have to be apparent. Whether we get back to 2021 prices, and if so, how soon remains to be seen.

A 20% drop is still not impossible in some (or many) areas. Are we saying that we need foreclosures to get to a 20% drop in price from the highs? Or are we saying we won't see a 50% drop (in some areas) like how it happened in '08? Some areas are already seeing price reductions and 5-10% off from the highs.

Is 1031 possible on real estate syndications? The property is currently pending (closing in June). How do I setup a 1031 and how much time do I have to put funds into a new one. I have also reached out to the general partners for more information. Are there any clauses or constraints with syndications?

 David, What do you think about Sacramento and surrounding suburbs?

@Caroline Gerardo Why don't you think this will slow down appreciation? Are you expecting prices to go up another 20% this year? I predict prices to stablize with a moderate 5% increase for low to mid priced homes. High end homes are likely to stay on the market for a longer time. Motivated sellers could drop the price but if they don't have to they would simply take it off market.

I live in a suburb of Sacramento where the median list price is around 780k. We currently own a home values at 950k. The loan balance remaining on this house is 70k. We have been thinking about upgrading to a bigger home. The homes we are interested in are priced in the 1.5 to 2M range. Considering the recent increase in the mortgage rates, what would you do if you were in my situation? That is roughly $700 increasing in the payment per month.

I have a house with a pool and we are looking to upgrade to a larger home. I hear about liabilities for home owners renting a house with a pool. Is there some kind of clause that we can add to the rental agreement that will protect home owners in case of an accident? This is in California. We have a gate installed around the pool for safety so I am not sure how much that helps. In case it matters, the house is worth between 900k to 1M and currently has a loan balance of 75k. I would take a cash-out refinance in the event we buy another house and decide to rent this house. Please let me know the pros and cons of renting vs selling the house.

I have a house with a pool and we are looking to upgrade to a larger home in the same city as we live in. I hear about liabilities for home owners renting a house with a pool. Is there some kind of clause that we can add to the rental agreement that will protect home owners in case of an accident? We have a gate installed around the pool for safety but there are always ways for children to go past it. In case it matters, the house is worth between 900k to 1M and currently has a loan balance of 75k. I would take a cash-out refinance in the event we buy another house and decide to rent this house. Please let me know the pros and cons of renting vs selling the house.