Home Ownership

[hobart]

Originally Posted by maskedmelon [You must be logged in to view images. Log in or Register.]

Why not just stop pouring dollars into the system tho? The majority of the increase in price is due to the currency devaluation.

Originally Posted by maskedmelon [You must be logged in to view images. Log in or Register.]

Do you mean that you would make rental housing illegal? �� What about people who don’t want to live in an apartment, but lack the savings for a down payment, or do not qualify for a loan?

And you don’t care about currency devaluation or its impact on housing prices? I am just curious about this piece since it is relevant to your OP on the housing market.

"Currency devaluation" has little or nothing to do with the increase in the prices of investment real estate and, thusly, rents.

1031 exchanges combined with historically low capital gains, the ability to take accelerated depreciation, cost segregation, and increases in property taxes, continue to drive the demand for investment real estate and continue to encourage people to take gains 3-5 years into the ownership cycle. And now that you've sold, you can overpay up to 38% more than the market value on the property you're re-investing in and still come out ahead...

[Gatordash]

Don't know what you guys are talking about with this currency devaluation stuff. Biden and Powell can print as much money as they want and we will only have a 2% inflation this year because its transitory(TM).

[Pulgasari]

Originally Posted by Gatordash [You must be logged in to view images. Log in or Register.]

Don't know what you guys are talking about with this currency devaluation stuff. Biden and Powell can print as much money as they want and we will only have a 2% inflationthis year because its transitory(TM).

https://www.investopedia.com/terms/h/hyperinflation.asp

[Gatordash]

I love these news stories where they quote facts like 15 million people owe 20 billion in rent, and then they give like 1 or 2 personal stories from people who say they got fired and they applied for all these jobs but can't find any. I'm sure there are a few cases of that but I'm guessing a large majority of those 15 million people were just happy sitting at home collecting unemployment and Biden bucks.

Some cities with the most cases, according to the Eviction Lab, are Phoenix with more than 42,000 eviction filings, Houston with more than 37,000, Las Vegas with nearly 27,000 and Tampa more than 15,000. Indiana and Missouri also have more than 80,000 filings.

Looks like a few home will be coming back on the market soon. I hope these prices in Las Vegas start dropping.

[Pulgasari]

Originally Posted by Gatordash [You must be logged in to view images. Log in or Register.]

news stories

Liberals erupt in fury at White House over end of eviction moratorium

[Jibartik]

Originally Posted by Pulgasari [You must be logged in to view images. Log in or Register.]

Liberals erupt in fury at White House over end of eviction moratorium

[you must pay to read this article about your decline, citizen]





end times [You must be logged in to view images. Log in or Register.]

[Gatordash]

I've accidentally watched CSPAN before, 'erupt in fury' might be a little strong.

Or if chaos is whats happening in Congress right now someone should tell them these 15 million people getting evicted are likely a good chunk of the unvaccinated population they also hate. Might calm them down a bit.

If I was a landlord to someone not paying rent, waiting around for federal backpay seems way less enticing than evicting and selling the house at the top of the market.

[Pulgasari]

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

[you must pay to read this article about your decline, citizen]





end times [You must be logged in to view images. Log in or Register.]

Script block thingy makes almost all news sites free [You must be logged in to view images. Log in or Register.]

APnews is really all you need anyway.

[maskedmelon]

Originally Posted by hobart [You must be logged in to view images. Log in or Register.]

"Currency devaluation" has little or nothing to do with the increase in the prices of investment real estate and, thusly, rents.

It accounts for about 75% of the increase tho.

1031 exchanges combined with historically low capital gains, the ability to take accelerated depreciation, cost segregation, and increases in property taxes, continue to drive the demand for investment real estate and continue to encourage people to take gains 3-5 years into the ownership cycle. And now that you've sold, you can overpay up to 38% more than the market value on the property you're re-investing in and still come out ahead...

Given that currency devaluation adequately explains around 75% of appreciation in housing prices, the collective influence of these items account for around only 1/4 of the increase.