Housing Market Slows, as Rising Prices Outpace Wages

[Jhoon]

good time to be a landlord...rental rates are sky high

that's where the money is at

nationwide we were still using up all the inventory that was built right before crash

all those builders went out of business and people were too afraid to start building even post recession

now many of those properties were bought up by large funds etc and are just being rented out...peoples views of home ownership have also shifted

I have a couple rental properties. By goal is to own a small apartment complex or two.

As a landlord the last few years have been great for me. I can only imagine how the bankers are feeling right now. Probably like an 18 year old on a viagra binge.

 

[afterlife2009]

Some landlords are some of the biggest thieves right now

 

[Rice N Beans]

No jobs

And the ones that do pay out like shyt.

 

[DEAD7]

No jobs

And the ones that do pay out like shyt.

The top 10 states in America where you are most likely to land your dream job

The 15 best states for finding a job in 2018

2018’s Best & Worst States for Jobs

The most populated and and most expensive to live in states are not breaking the top 10 in terms of job outlook...
People just wanna live near the coast

 

[Pressure]

The top 10 states in America where you are most likely to land your dream job

The 15 best states for finding a job in 2018

2018’s Best & Worst States for Jobs

The most populated and and most expensive to live in states are not breaking the top 10 in terms of job outlook...
People just wanna live near the coast

The majority of those states are on the coast.

 

[DEAD7]

The majority of those states are on the coast.

Not where housing prices are most atrocious though...
I'll just start name dropping Cali and NY to be clear.
Sub par job markets overpriced housing and still people flock to them...@ that demand.

 

[ORDER_66]

The market is gonna crash sooner or later, who be having all this money to be renting these condos and new expensive ass apartments there's only so much rich people in this world... people's wages are NOT going up to afford these places...

 

[FAH1223]

I was talking to my landlord tonight. Me and my brother are thinking of buying the house we are in with the fam so that we pay lower than the current rent. Other option is to find a new place for lower rent. But it sucks not having an asset. But it would suck buying and then another crash...

But my landlord mentioned the economy and what happened 10 years ago. He himself is also thinking of buying a new house and is unsure.

The prime time to buy was 2009-2011 wish me and my siblings weren’t in college and high school then.

 

[GnauzBookOfRhymes]

I was talking to my landlord tonight. Me and my brother are thinking of buying the house we are in with the fam so that we pay lower than the current rent. Other option is to find a new place for lower rent. But it sucks not having an asset. But it would suck buying and then another crash...

But my landlord mentioned the economy and what happened 10 years ago. He himself is also thinking of buying a new house and is unsure.

The prime time to buy was 2009-2011 wish me and my siblings weren’t in college and high school then.

If u like the area and are reasonably confident you or your family will stay then why not?

I look at a property as a savings bank account. As long as the account is positive balance you’re good. You can borrow against it if necessary and especially nowadays with single family rental prices being out of control, it makes sense financially. Obviously you have to take into consideration the fact that you’re now responsible for any and alll repairs, but you can mitigate a lot of that by updating major mechanical system and taking care of any other major repairs (roof etc) by rolling it into the purchase mortgage.

Being able to pass down a paid off home to your children will give them a decided advantage in life.

 

[Pressure]

Not where housing prices are most atrocious though...
I'll just start name dropping Cali and NY to be clear.
Sub par job markets overpriced housing and still people flock to them...@ that demand.

I live in Charlotte. One of the places always brought up in these lists along with Raleigh.

There are jobs. Housing is still an issue here.

Any place where people are moving the prices are rising. I'm not sure what empty point you're attempting to make.

 

[GnauzBookOfRhymes]

I have a couple rental properties. By goal is to own a small apartment complex or two.

As a landlord the last few years have been great for me. I can only imagine how the bankers are feeling right now. Probably like an 18 year old on a viagra binge.

Larger complexes can be nice but can be a big headache too.

 

[Json]

I live in Charlotte. One of the places always brought up in these lists along with Raleigh.

There are jobs. Housing is still an issue here.

Any place where people are moving the prices are rising. I'm not sure what empty point you're attempting to make.

That junk confused the crap out me before I left.

The amount of housing should have been on target with all the construction. But I didn't remember there being the amount/kinds of jobs to guarantee those outrageous prices. $1000 apartments/studios in food deserts just because the northern extension was planned to go by there.

 

[88m3]

Some landlords are some of the biggest thieves right now

private land is theft

 

[Tommy Fits]

Not where housing prices are most atrocious though...
I'll just start name dropping Cali and NY to be clear.
Sub par job markets overpriced housing and still people flock to them...@ that demand.

You're argument is kinda flawed though. You mention NY and Cali, I can't speak for Cali. But in NYC the job market is very healthy, the rest of the state maybe not so much. You mention people are flocking to NY even though the job market isn't strong, people aren't flocking to NY, they're flocking to NYC.

Newsday | Long Island's & NYC's News Source | Newsday

 

[Pressure]

That junk confused the crap out me before I left.

The amount of housing should have been on target with all the construction. But I didn't remember there being the amount/kinds of jobs to guarantee those outrageous prices. $1000 apartments/studios in food deserts just because the northern extension was planned to go by there.

Don't get me started on what I was paying in my uptown condo.

Not surprising they still struggle to fill the apartments uptown, but they keep on building.

Dropping 2 racks a month on rent for a little appartment ain't really the shyt after the newness wears off.