Bad Timing: Still Homeless
The markets are incredibly volatile in nature but real assets have only been volatile on the increase in values that they are seeing. Driven by the increased demand due to the challenges of housing and the reduction in supply in the market, home prices have increased most since before the financial crisis. This becomes a conundrum for me personally as my past experiences with Real Estate have not been very positive in terms of timing. Could it be that the cycle repeats due to when we enter the home market?
This is concerning as it has taken me over 15 years in my prior Real Estate endeavors to even come close to breaking even in value with my purchase price. Could this be the start of the same? The craziness happens before my eyes as I have been watching the market for 6 months now. I have seem homes flip for 20-30% increases without remodeling in the same time span. Home that were affordable at some point, have now become untouchable.
Other says that the rise in internet rates will start to normalize this but looking at the growing demand given the amount of liquidity available, I cannot foresee that really happening. So time comes to a new junction for my family and me; risk the inflation poison on the rental market or risk my equity in a new house approaching a scary amount of digits on the price tag? The Summer will be an interesting time!
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