During Obama reign of terror I moved into bonds and said fuck it. My investments were not keeping up with inflation. Not going to make a lot in bonds if anything but at least I was not getting crushed, mainly just keeping what I had.
I moved early this time. I'm not sitting around waiting for this thing to crash which it will. That's ok if people want to laugh at me. I don't need the money and want off the roller coaster ride. I did well under Trump. Taking my winnings early and getting off this rickety cart.
So would you say now is a good time to sell a house and buy a new property? I want to get to a more rural area but not sure when to sell the house or just hold on to it.
That isn’t an easy question to answer.
If you own what is your equity position. Knew a lot of folks who got upside down buying at the top of the last housing bubble.
Housing market is near a top, you’d be buying near the top.
Would not expect you to answer in a public forum but these would be things to consider.
Of course rural areas probably haven’t had the insane ride up on housing due to the Federal Reserve Bank funny money policies.
A co-worker sold his mobile home for +65% in the country in record time. Homes are not cheap in comparison to 2011-2012. Most older homes sell for $100-120/ sqft. I bought mine for $25/sqft and probably have $55/sqft in it now, pretty much fully remodeled.
The sky high prices are due to the low mortgage rates. I have noticed that with this housing bubble 2.0 you get a smaller house at a higher price, yet more signs of inflation.
Partly true, but a lot if people want to get out of metro areas and there is little for sale. Most everything "normal" is sold lightning quick. Some properties which are unsold have some oddities.