patrick.net

Rent. Moving to a new area, so won't consider buying for at least a year. But beyond that I don't buy at the top, as I don't like loans for more than the asset is worth.

Nobody ever went broke by selling too soon, bankruptcy courts are full of those who tried to sell too late.

Rubicon says

AmericanKulak says

Nobody ever went broke by selling too soon, bankruptcy courts are full of those who tried to sell too late.

Speaking of bankruptcy, we have historic low distressed sales

These stats are rough. Banks are going the deferment route after the last crash. Or just simply not foreclosing on owners. Banks suck at being land/property owners. I witnessed it first hand. They will figure out a payment arrangement that keeps the balance sheet solid. Many owners are FHA and VA and they have insurance to cover a default that they pay as well. It's highly unlikely that 2006-2008 happens again in our lifetimes. The loans were bad out the gate. Everything now is pretty solid and with low interest rates. People ain't moving and the banks are protected.

Only if they were over-leveraged to start with. Don't buy if you NEED the house to increase in value in order to make it workable.

Buy land in place where you can grow crops.

Bd6r says

Buy land in place where you can grow crops.

Lasagna Gardening is the new Bay Windows and Steelamogranite.

As a previous poster who was made madder by TDS would say:
How else can we grow the always important YAMS!

Eman says

Let’s say it would cost $50k/unit to renovate and bring them up to snuff.

Possibly so, but pricing on anything construction related is insane right now so that 50K might be way low.

AmericanKulak says

Lasagna Gardening is the new Bay Windows and Steelamogranite.

I was thinking more of 50+ acres.

First time I heard of lasagna gardening.