Goldman Sachs is predicting that home values will worsen through 2023 due to continued high interest rates. They predict that San Jose, California; San Diego, California; Austin, Texas; and Phoenix, Arizona will suffer the most drastic decreases, more than 25%, Read more…
Category: Where to buy
Seven of the ten most expensive rental markets had year over year price decreases. The most expensive markets were San Francisco (one bedroom rent dropped last month to $3,200), New York (one bedroom rent declined to $2,840), Boston (one bedroom Read more…
In addition to the exodus from New York, see article below, there is also an exodus from San Francisco, as described in the following article: https://www.sfgate.com/living-in-sf/article/2020-San-Francisco-exodus-is-real-and-historic-15484785.php Investors in cities like San Francisco and New York often believe that values can Read more…
https://nypost.com/2020/08/11/new-yorkers-flee-nyc-in-droves/ An article below predicts that an exodus from big cities will last for a couple of years. This article, linked above, describes how New Yorkers keep moving out of the city to the suburbs. With a high population density, Read more…
https://nypost.com/2020/07/22/why-falling-rents-mean-big-trouble-for-nycs-future/ The New York Post reports that rents are falling in New York City. This is more evidence that people are fleeing cities for the suburbs. With more people able to work from home, they are escaping congestion, traffic, protestors, Read more…
https://www.zerohedge.com/markets/real-estate-expert-warns-exodus-cities-will-last-two-years People are leaving big cities for suburbs and small towns to get away from density, in view of the Coronavirus, and to get away from protests and riots and politicians who are sympathetic to them. It is hard to Read more…
Many states and local jurisdictions have imposed eviction prohibitions on landlords. In some locations, landlords cannot evict even if the tenant was far behind on rent before the COVID lockdowns and has an income as an essential worker. In some Read more…
Sidewalk Labs, a relative of Google, cancelled its Toronto “smart city” waterfront revitalization project, citing “unprecedented economic uncertainty”. This was supposed to be a futuristic, data-driven city development along Toronto’s lakeshore. Sidewalk Labs previously caused an uproar when it proposed Read more…
Choosing a part of town in which to buy can be a difficult decision. One may gravitate to the most expensive part of town but that isn’t always the best place for cash flow. I personally like middle-income areas. At Read more…
The United States is one of most affordable countries in the world right now in which to buy real estate. You don’t have to believe me, take a look at this and sort by affordability or by mortgage percentage of Read more…
This map shows gross rental yields by market. I doubt they are considering taxes, vacancy rates, cost of utilities, etc., and the data is crowdsourced so not scientific, but it can give you some rough ideas. I’ve personally invested in Read more…