It feels like 2008…is the bubble about to burst on housing again?
invite response
2023 Aug 14, 3:15pm 22,139 views 160 comments
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156
1337irr
2023 Sep 27, 6:20am
1337irr
2023 Sep 27, 6:20am
Schokolade says
Ironically, I'm building duplexes.
I remember when people called me crazy for buying bitcoin at 4K. Then they said bitcoin will never be at 20k again and they said I must have bought at 20k (which I never did). Now they are all silent. They really thought bitcoin will never be at 20k again. Of course now they would say you must have bought at 67k. Lol
The haters and perma bears move the goal post every year.
Same with RE. People told me I will lose my equity when I bought my most expensive house in 2020. Now 2020 is dirt cheap and I made over 500k on that house alone.
Some people never learn and will hope for this magic RE crash until their last breath.
Ironically, I'm building duplexes.
160
AD
2023 Nov 16, 11:26am
AD
2023 Nov 16, 11:26am
AmericanKulak says
.
3 bedroom, 2.5 bath townhomes renting for about $2200 a month in Panama City Beach, FL, see below link:
https://www.zillow.com/homedetails/1751-Annabellas-Dr-Panama-City-Beach-FL-32407/125963181_zpid/
average working class pay is around $16 an hour on the beach ... I noticed 3 different people renting these type of townhomes, so that no more than about 32% of monthly salary goes to rent and utilities (water/sewer, electric, and internet)
This townhome unit was sold about 15% below initial asking price (and average "peak sales price" for this style townhome), and could easily rent for $2700 per month :
https://www.zillow.com/homedetails/1786-Annabellas-Dr-Panama-City-Beach-FL-32407/195623083_zpid/
.
.
3 bedroom, 2.5 bath townhomes renting for about $2200 a month in Panama City Beach, FL, see below link:
https://www.zillow.com/homedetails/1751-Annabellas-Dr-Panama-City-Beach-FL-32407/125963181_zpid/
average working class pay is around $16 an hour on the beach ... I noticed 3 different people renting these type of townhomes, so that no more than about 32% of monthly salary goes to rent and utilities (water/sewer, electric, and internet)
This townhome unit was sold about 15% below initial asking price (and average "peak sales price" for this style townhome), and could easily rent for $2700 per month :
https://www.zillow.com/homedetails/1786-Annabellas-Dr-Panama-City-Beach-FL-32407/195623083_zpid/
.
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1. Will the bubble burst?
2. When will the bubble burst?
3. Will we ever see 300k homes again in Mexifornia?
Sam