Sell real estate now and buy later?
- Thread starter TreasureHunter
- Start date
lived in Japan and definitely not my first choice.
1. Inflated housing market ( olympic )
2. average age48 rated number at top in the world
3. Natural disaster rich
4. Temperature rising (harsh summer)
5. Eventually trying go back full on nuclear power ( still on going waste water dumping/hazard area in Fukushima)
They have been importing but how long they can cover the cost?
6. Slow moving for new Law & political
1. Inflated housing market ( olympic )
2. average age48 rated number at top in the world
3. Natural disaster rich
4. Temperature rising (harsh summer)
5. Eventually trying go back full on nuclear power ( still on going waste water dumping/hazard area in Fukushima)
They have been importing but how long they can cover the cost?
6. Slow moving for new Law & political
Godzilla hasnt been seen in years.
sell HOUSE..buy BITCOIN!
Bump, another year and plandemic still can’t see any price drop in local markets I’m familiar with.
Has been the odd place sold a little less than expected but on the other side a few places selling more than expected.
Be interesting to see how things sell now that the Vic market has opened up, has been a big influx of listings people holding off from the plandemic lets see if this translates to sales and at what prices.
My opinion the big property collapse is not going to happen this time, I suspect the can has been kicked down the road some years/decades.
What are your thoughts?
Timmy
Has been the odd place sold a little less than expected but on the other side a few places selling more than expected.
Be interesting to see how things sell now that the Vic market has opened up, has been a big influx of listings people holding off from the plandemic lets see if this translates to sales and at what prices.
My opinion the big property collapse is not going to happen this time, I suspect the can has been kicked down the road some years/decades.
What are your thoughts?
Timmy
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TreasureHunter
Well-Known Member
That's the stupidest thing no-one would do. Not even Forrest Gump. Nor Harry Dunne, nor Lloyd Christmas.
BiGs
Active Member
Be real tough to crash the Australian property market, given our unique fundamentals. I'd say impossible with near zero interest rates while govs print money all over world. Doesn't take a genius to work out you should be in an asset class, leveraged with debt. Just keep in mind it takes years for money printing to be realised into price discovery. We are going to see some real action in the next few years, IMO.
Gah damn @mmm....shiney!
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If one has a decent average eastern capital city house or nice apartment and rented it out... and got the semi pension.... One could live a upper middle class life in many south east asia (not ridiculus exotic lifestyle) and still save a bit of pension.
And as the OP says, still have a million plus property you come back too in later years
TreasureHunter
Well-Known Member
If you are young, healthy and have enough money to pay for the rent. You need to have money, a job, because that's all it comes down to.
I know people who laughed at others who wanted to buy a house and claimed they will keep renting instead of "struggling to buy one". And behold: a massive crisis kicks in, people lose their wages/jobs and where are they going to live?
It's worse if you've lived your life living on credits, renting homes and then you suddenly woke up old, without a job and prolly with a collapsed pension system.
"Own nothing and be happy"?
TreasureHunter
Well-Known Member
It depends on the country you live in. I think now PM's are going down and due to inflation and credit rates, home prices will keep rising. Let's see how demand counter-balances that. I think even with low demand, the home prices will keep rising, because many people would rather pay credits than rent.
Housing has been slowing down big time here in the States. Rates just too high and buyers walking away like what usually happens.