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21 June 2024 | 31 replies
A lot of people are moving out of California because of the pandemic, lack of economic support, and high taxes/cost of living.
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19 June 2024 | 11 replies
I would not Buy property in Miami right now, especially with the Condo Crisis.
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19 June 2024 | 0 replies
American’s Net Worth is UPTotal net worth for the bottom 50% of folks is UP big time, and has been since the Great Financial Crisis, but it took 13 years, until ~2019, to get back above 2006 levels.
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19 June 2024 | 42 replies
However, if this is during an economic downturn when default would likely happen, there might be no equity in the house for the original seller, and I can't see how a seller would be comfortable being ultimately responsible for a mortgage that might last 20-30 years.
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18 June 2024 | 0 replies
These investors are typically large financial institutions looking for safe, predictable returns, such as pension funds, insurance companies, and banks.Key concepts to understand in economics and finance are risk and reward.
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20 June 2024 | 17 replies
They deserve some positive press and love.Another cashflow market I did not see on the list is Lansing, MI which I personally think is fantastic with low property taxes, strong rental demand, low cost of living and service costs with constant economic development as a result of being the State capital.
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18 June 2024 | 14 replies
Lastly, I'm not sure if it makes sense to give a specific duration for how long you should search within a market (considering economic conditions and all), but if I had to I would look into a market for about 3+ months before moving on to the next.Hope this helps someone & thanks to everyone who responded to my initial post!
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18 June 2024 | 0 replies
While opinions may vary, I rely on data to help drive real estate decisions and planning.Key ConsiderationsEducational Attainment: 77008 boasts higher numbers of residents with bachelor's (12,241) and master's degrees (5,739) compared to 77063.Demographics: 77063 has a higher percentage of foreign-born residents (41.02%) which typically indicates a strong rental market and with 76.86% renter-occupied versus 32.60% in 77008.Economic Factors: Median income in 77008 is $140,609 with a low unemployment rate of 3.37%, whereas 77063 shows lower median income ($51,899), higher unemployment (9.99%), and more families below the poverty level (16.51%), which may indicate economic diversity but also potential rental payment risks.Age Distribution: 77008 has more middle-aged residents (35-54) [8970 compared to 6,115] and a slightly higher proportion of young adults (25-34) compared to 77063 but both are popular with younger adults suggesting strong rental markets equally exist.
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18 June 2024 | 4 replies
(Per the Sarasota county Economic Development Council) LTR in that market will likely be in demand.
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18 June 2024 | 38 replies
For them, these properties are still cheap by international standards hence the real estate market si still booming in spite of all the economic difficulties and uncertainties and there's likely a long trajectory upward ahead for prices.