Supply and demand matter!

I'm in the latter crew.One of the biggest things I follow when the market tanks, is the expansion of the money supply and consequent appreciation of everything related to precious metals.https://twitter.com/DiMartinoB...

Supply is very tight right now. 

None of the realtors I've talked to know what the relative supply/demand is.

Dear Alex,Most people who have made a killing in Buying condos in Toronto have done so mostly by appreciation (not guaranteed) and/or short term rental.Many of the short-term rental units have now turned into med/long term rentals, this increasing the supply of units and bring the rents down.

As far as demand goes I believe there is a high demand for the area.Its a low crime area with great schools and is close to a major city.My concern is the amount of supply that is now available.Do think that multifamily and single family compete with each other or would you consider them different markets?

Do note that the supply of condos in Miami had been rising prior to Covid concerns.

Running the numbers and looking at the ten-year supply-and-demand projections, LA is great for my plan!

So If buy your average house now at 550k in El Monte, or Duplex even more, in 2020 when properties are at low supply high demand, and theres buyer bids on every house pretty much, Im going to get a high price on whatever property it is, most likely over the asking price.

Major business growth (Amazon, ABC Supply, Dollar General) has improved values, vacancy, employment and the economy is booming with private funding.