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Comments by "" (@tobyk5149) on "Redfin Predicts America Will Become a Renter Nation In 2025" video.
There is
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Rent can only rise to what the local market is able to pay. That is why is many areas, a home can be rented for 50% less per month than it would cost to buy an equivalent home at current prices.
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future bag-holders, foreign buyers, and corporations
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… IF there is substantial equity
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@ you clearly were not yet a bill-paying adult in the US in 2008. By 2011 many homes decreased in value to 50% lower than the 2006 peak price and did not recover to that level until 2018-2021.
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move out and hire a property management company to list it for rent and manage the process
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@Thegravyipass Yes, and likely need to check into the homeowner insurance policy to make any necessary changes
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Perfect for the newcomers
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Agreed. These real estate websites are shills, not economists. They are not able to predict the future either.
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yep
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LOL EXACTLY!
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would you buy your house today with a 30-year loan, 20% down, at its “fair market value”, and still be able to rent it out for enough to cover the monthly expenses? If so, where is this?
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* worth less not “worthless”
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Because in many areas of the US, someone can rent for 50% less per month than it would cost to purchase an equivalent home at current prices.
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And can get a nationwide gym membership to have sonewhere to bathe yourself daily as well as work out
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YUP
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you should get a dog and name him “Testy”
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The money printing and 0% intetest rates in response to the pandemic prevented a housing price correction 2020/2021.
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