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2 July 2024 | 20 replies
Playing devils advocate hereThis is also the time the government printed $5T and even NFT’s were of value.Take out the land and manufacturers homes and look at value2007 new sales price was around $65kThat dropped for 10+ years into the 50’s and 50’s and is now $82,300 which is covid related.https://fred.stlouisfed.org/series/SPSNSAUS
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1 July 2024 | 4 replies
They should likewise play fair and adhere to the terms already agreed to.I would remind them of their responsibilities.
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2 July 2024 | 19 replies
There is the those that have to sell and yes they are probably selling it distressed or a forced sale- but as you mention if you look at this listhttps://www.nmhc.org/research-insight/the-nmhc-50/top-50-lists/2023-top-owners-list/These companies may have some strategic liquidations but they can ride this thing out.It’s the syndicators who promised people cash and took at short term debt because they played the lottery thinking they could flip a multifamily building thinking prices always go up and cannot now handle the debt burden.
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1 July 2024 | 13 replies
Which may come in to play if your finally 1031 rental property turns out not to make a good rental but an ideal retirement home for yourself, eventually.
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30 June 2024 | 5 replies
You can be sued if it traces back to you, and the FTC will not play around with this.This is why every legitimate company DOESN'T do it.As much as I want to help, it's unethical, and I hope you understand.
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30 June 2024 | 5 replies
Climate plays no role in my investing.
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3 July 2024 | 55 replies
NYC is not a great market to start in since all the deals there will be appreciation plays.
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1 July 2024 | 25 replies
I’ve played this game before.
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1 July 2024 | 14 replies
You said you live in the house, so if it is for personal use only, that might play into the decision, and/or if you have a lot of room in the deal financially and have enough to pay for the higher priced, possibly better GC, that might be part of the decision also.In my experience, higher price doesn't always mean "better," but may mean more attentive and experienced and more and/or better resources (like better sub's, etc).