Quote:
Originally Posted by Tien
Depends what asset class of real estate.
Housing is exploding price wise in a lot of areas all over.
Because prior to COVID the economy was on fire and there was a severe lack of inventory. I sold my extra house in May of last year to the first person that walked through it for 15% over asking. You'd hear endless stories about people with 30+ competing offers, all over asking price on day 1.
I think that inventory problem still exists for single family homes in nicer areas, but what if the analysts are right and people are about to default on their mortgages in large numbers?
Knowing what the rental market looks like right now though, I think you'd be a fool to buy anything as an investment property without a serious price correction first. Buying anything commercial is financial suicide. Parking has never been easier in downtown Milwaukee.