Comments by "Harry Mills" (@harrymills2770) on "Reventure Consulting" channel.

  1. It's also a good idea to try to make more money. That always seems to help, too.
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  2. There's a lot of pent-up supply in places like Manhattan, where owners won't admit that their properties aren't worth as much in rent as they're charging. Lots of empty properties, but nobody's been budging. But this can't continue forever.
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  3. If you already had a home (on a mortgage), you had mobility in the insane market, because you sold at insane and could buy back in at insane. That's kind of what I did, only I got to move (back) to my red-state roots. The thing about buying in, even after prices return to normal, is that interest rates won't be as good as they were in March. Maybe not for years.
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  4. Left and right, alike, people are buying local and avoiding big corporate.
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  5.  @reseller7  Depends on inflation and the interest rate on the mortgage. I see inflation as far as the eye can see, so if you're locked-in on a mortgage you can afford, it will only get better over time, modulo property tax rates and voracious public schools. If you're struggling to make your mortgage payments, you're in trouble, regardless. Institutional investors may be looking at it a number of different ways. They might be looking to make a killing by flipping the house. They might be in it for the positive cash flow from leases. They might - in some neighborhoods - be anticipating re-zoning for multiple-family dwellings, like Obama wanted, because he hates middle-class homeowners.
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  6. There've been those trophy homes on postage stamps of land around for over a decade. I never understood having enough money for one of those and being willing to settle for what amounts to a deluxe apartment.
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  7. Real estate is still solid, long-term. Those who leveraged their purchases for quick profits are hurting. Those who can be patient are looking good.
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