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SVTPerformance's Chain of Restaurants
Road Side Pub
Real-Estate Bubble Popping?
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<blockquote data-quote="MG0h3" data-source="post: 16797822" data-attributes="member: 164690"><p>Meh. This sounds like what the TSP guru with 80k followers suggest. Had everyone sit an funds that follow the Dow and S&P and majority are down 20% right now. </p><p></p><p>That’s fine and sure, following the likely price retrace we’ll have, home/stock prices will likely come back to where they are now eventually. </p><p></p><p>For those that didn’t buy during this surge, they have equity, for now. </p><p></p><p>For those that just bought in the last 6-12 months, ouch. Hopefully they sold another property for a huge gain to fund their purchase. </p><p></p><p>Also of note, the price increases have not occurred at the same time or rate nationally. </p><p></p><p>I sold my SoCal home in 12/20 after a 20% bump. Prices have hardly changed at all since then. Still sold it for less than I paid in 2005. </p><p></p><p>The price jump in W TX and S TX had barely started then. I was under contract to sell at 269k in 5/21. Deal was a mess and I cancelled it. Sold at 365k 12/21. This particular unit was valued around 315k in 2013. I paid 229k in late 19’. Not a distressed sale. 60% profit in 2 yrs. I wouldn’t be surprised at all to see that particular unit drop down to the low 3s again. </p><p></p><p>My primary residence in TX is up about 50% as well. </p><p></p><p>The discrepancy was/is strange. I suppose this is the migration Dave mentioned. Shouldn’t really cross directly into vacation properties though. </p><p></p><p></p><p>Sent from my iPhone using the <a href="http://r.tapatalk.com/byo?rid=92568" target="_blank">svtperformance.com mobile app</a></p></blockquote><p></p>
[QUOTE="MG0h3, post: 16797822, member: 164690"] Meh. This sounds like what the TSP guru with 80k followers suggest. Had everyone sit an funds that follow the Dow and S&P and majority are down 20% right now. That’s fine and sure, following the likely price retrace we’ll have, home/stock prices will likely come back to where they are now eventually. For those that didn’t buy during this surge, they have equity, for now. For those that just bought in the last 6-12 months, ouch. Hopefully they sold another property for a huge gain to fund their purchase. Also of note, the price increases have not occurred at the same time or rate nationally. I sold my SoCal home in 12/20 after a 20% bump. Prices have hardly changed at all since then. Still sold it for less than I paid in 2005. The price jump in W TX and S TX had barely started then. I was under contract to sell at 269k in 5/21. Deal was a mess and I cancelled it. Sold at 365k 12/21. This particular unit was valued around 315k in 2013. I paid 229k in late 19’. Not a distressed sale. 60% profit in 2 yrs. I wouldn’t be surprised at all to see that particular unit drop down to the low 3s again. My primary residence in TX is up about 50% as well. The discrepancy was/is strange. I suppose this is the migration Dave mentioned. Shouldn’t really cross directly into vacation properties though. Sent from my iPhone using the [url=http://r.tapatalk.com/byo?rid=92568]svtperformance.com mobile app[/url] [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Real-Estate Bubble Popping?
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