Appreciation: the market values are decreasing in the places where there is surplus, in some places people may not even want to sell in this market, hence the prices in those areas will continue to be lower by little. thinking like investor: you cannot replace your job income with 1 property, probably you need more under your belt, but to be in that position 3-5-8 years down the line you will need to take these properties and rent them out. so as a matter of time all these 4-8 properties will cease their mortgage and then start cash flowing upto your income levels. this is not just an incentive to start investing, but think of long term big picture. i am in the same boat as yours.

There is a decrease in pay for the travelers recently from what I have heard.

Land value decreased significantly after crash in 2008. purchased a 10 acres lot in 2005 and lost its value. just sold it 4 months ago.

So if the value of the property decreases, does that affect the total amount of HELOC as opposed to the amount I would have gotten at a higher purchase price?

Also covid brought a flow of activity and a decrease in inventory with people from Atlanta acquiring in the area.

.), so it makes sense that they are basically still in more of a catch-up mode than some of the areas that saw very little decrease in value in the crash (e.g., Solon, Westlake, etc.).

Experiencing sticker shock at my salary decrease. 

If I have cash, do I hold it or do I take advantage of a good deal that produces cash flow even if there is a chance the market could decrease another 10-15% over the next 1-2 years?

I have family there But have been doing research on that market, and they high crime rate, low employment rate, and a population decrease.

I’m looking at comps across 12mo, 6mo, 3mo and 1mo time spans to find correlations, possible decrease’s, higher days on market, etc… the agent who made that suggestion could be factoring in the fact that we are headed into the winter with the highest interest rate we’ve seen in awhile and are trying to help the client expedite.