RE: Revaluating Your Upside
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You are very observant. I liked what you said about real estate. I see so many people here putting little to nothing down and then having to pay mortgage insurance. Then they utilize real estate agents which further strips away more proceeds.
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Exactly it’s not as cut and dry as you think housing is way overvalued even the tiny houses you can’t tell me the cost to build has not deflated with the amount of technology and innovation in the construction space! It’s only because banks are willing to throw money at this asset class that it erodes the gains of deflation!
As for an investment buying one to live in or hold us a gaurenteed loss, renting is a also a toss up depending on where your home is and flipping also becomes harder
The only people making money on housing is the banks, even these real estate investors aren’t making money they shipping off the loans to investment banks to package up and making off with the cash once the project or home is done
I’m not saying theirs no opportunities in real estate I just think the vast majority of it is a lie or predicated on nominal gains and a greater fool!
When all this is corrects I’d say homes should on average be worth 50% less than current prices and in some markets more like for example Canada and Australia which really went balls deep on real estate