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RE: Dark Clouds Are Looming – Australian Property Market Update for the Week Ending 25 June 2017
These prices are out of this world and the fact that the one girl would have been ok with $850,000 3 months ago and got $1,000,000. That is nuts!!!!!
Tucson real estate went up 8.9% last month but I don't expect results like that. Jeezzzzzzz
It has been some crazy growth, although this girl probably underestimated what she could have sold the property for several months ago. Believe it or not, the buyer paid $1m to rent it out for about $2500 per month. About a 3% gross yield.
Hahahhaha, That is terrible. Has anyone ever told them about something called inflation?
I guess if their main play is capital appreciation they think they are going to rent it out and then resell it for a lot more but I just expect a lot of these people to get blown out of the water.
Good point about inflation. But as you say, when you assume infinite annual 12% growth, who cares?
"assume" is the key word. Hahahah