patrick.net

“For the first time since 2010, it’s now easier to build wealth over an eight-year period by renting a home and investing in stocks and bonds, rather than by buying and accumulating equity, according to a national rent-versus-buy index of 23 cities produced by Florida Atlantic University and Florida International University faculty. That’s because home prices are high and rising mortgage rates are adding to the cost of homeownership.”

I don't know about Seattle but in my markets I have a new lease signed before the locksmith finishes re keying the doors..

bob2356 says

I don't know about Seattle but in my markets I have a new lease signed before the locksmith finishes re keying the doors..

Are "your markets" are also the "hottest housing markets"? The article seems to focus on the latter.

DASKAA says

Are "your markets" are also the "hottest housing markets"? The article seems to focus on the latter.

I don't know. They didn't define what the"hottest markets" are nor list the "hottest markets". Only the markets with the lowest rises in rent which may or may not be the "hottest markets", whatever that term means. .

bob2356 says

DASKAA says

Are "your markets" are also the "hottest housing markets"? The article seems to focus on the latter.

I don't know. They didn't define what the"hottest markets" are nor list the "hottest markets". Only the markets with the lowest rises in rent which may or may not be the "hottest markets", whatever that term means. .

I do see a slowdown in the so called hot markets of the West Coast. It's just a pause with the market taking a breather, with the rate of increase slowing down.
When you have a shortage of homes due to not enough construction activity, along with a booming economy and strong employment, it's just a matter of time before you see a new level of desperation set in accompanied by an escalation of home prices.
I still believe the catalyst will be easier home loans.

Strategist says

the so called hot markets

The hottest markets for what? Home construction, rental construction, house sales, rental price increases, housing price increases, home sales? The article is just a typically silly bit of NAR fluff. .

“For the first time since 2010, it’s now easier to build wealth over an eight-year period by renting a home and investing in stocks and bonds, rather than by buying and accumulating equity, according to a national rent-versus-buy index of 23 cities produced by Florida Atlantic University and Florida International University faculty“

Sure, go all in on stock equities today and watch what happens.

bob2356 says

Strategist says

the so called hot markets

The hottest markets for what? Home construction, rental construction, house sales, rental price increases, housing price increases, home sales? The article is just a typically silly bit of NAR fluff.

I think "hottest markets" as in where demand > supply the most.

bob2356 says

I don't know. They didn't define what the"hottest markets" are nor list the "hottest markets".

The ones which had ridiculous run-up in house prices, duh. SFBA, SD, Seattle - this kind of thing.

DASKAA says

The ones which had ridiculous run-up in house prices, duh. SFBA, SD, Seattle - this kind of thing.

I didn't see that part in the article. Can you cut and paste it? Can you quantify those cities so we can see if they are the same cities as in the list of lowest rent rises?

Like I said, meaningless NAR fluff.

bob2356 says

DASKAA says

The ones which had ridiculous run-up in house prices, duh. SFBA, SD, Seattle - this kind of thing.

I didn't see that part in the article. Can you cut and paste it? Can you quantify those cities so we can see if they are the same cities as in the list of lowest rent rises?

Like I said, meaningless NAR fluff.

Whatever. Not bored enough to continue discussing this.

DASKAA says

Whatever. Not bored enough to continue discussing this.

I just want someone to come up with the list of :"hottest housing markets" whatever that is and see if it matches the list of lowest rent increases. It seems it would be very simple for the people who claim to know what the article means by "hottest housing markets" . No fair using it's true because I say it's true. There has to be real numbers.