I can literally call my agent up and say hey I wanna sell my house in cash, and I can sell in same day with at least 10-20 offers... I am in Orange county California area. Asians love it here... Houses won't ever go down when you have a long list of waiting buyers.
California is NOT where everyone wants to go to retire. In fact, recently U-haul charged a lot of money to rent from CA to TX, but charged very little to go from TX to CA.
%% WELL since QQQ has gone up 100% in uptrends + down 80% in bear trends, think it could happen again?????I like real estate +stocks/ETFs. And while I like real estate + stocks/ETFs...…. FLA Real estate has gone to below zero, counting taxes owed. But that is related to over leverage, more than a wild sand state………………………………………………………………………………………………………………
Estate might have lower return per percentage but the amount is huge. My first house was bought in 2010 for 450K and it's worth over 950K at this point.... That is 500K profit.
How old are you, I'm seriously asking. Real estate price changes lag behind the equity markets. What about people who bought in 2007?
Ha. Almost same situation as mine. I am waiting for next recession so that i can buy property at dirt cheap price
na·ive /nīˈēv/ adjective (of a person or action) showing a lack of experience, wisdom, or judgment. "the rather naive young man had been totally misled" (of a person) natural and unaffected; innocent.
Not sure what taxes you are referring to. If rents go down your net is less so you will pay less Income tax. If your assessment goes down the town will raise the tax rate to achieve the amount of money needed for their budget.