Any real estate investors here? What 2017 holds....

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  • American Psycho
    Confirmed User
    • Feb 2009
    • 3068
    #1

    Any real estate investors here? What 2017 holds....

    What do you see coming for the real estate market?
    OFC there are local markets, just wondering about general feelings.

    I have a couple rentals and debating getting another.
    Tags: None
    • brassmonkey
      Pay It Forward
      • Sep 2005
      • 77390
      #2
      Originally posted by American Psycho
      What do you see coming for the real estate market?
      OFC there are local markets, just wondering about general feelings.

      I have a couple rentals and debating getting another.
      this is a buyers market! you can get houses for 25 grand! 3 bedrooms 2 1/2 baths
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        • Paul&John
          Confirmed User
          • Aug 2005
          • 8626
          #3
          Originally posted by brassmonkey
          this is a buyers market! you can get houses for 25 grand! 3 bedrooms 2 1/2 baths
          location location location
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            • CurrentlySober
              Too lazy to wipe my ass
              • Aug 2002
              • 39044
              #4
              I guess you are talking about in the states, but here in the UK its doing fine. I think that once the Brexit vote was done and people realised that it wasn't the end of the world with great plagues and floods being delivered from the heavens it seems very stable.

              I'm about to raise the rent on one of my properties at the end of the year by £100 a month, and I'm actually closing on another rental property at the moment. High end, 3 Bed 2.5 baths etc down a lane by a river near a little country pub - Beautiful
              ️ ️

                Comment

                • Barry-xlovecam
                  It's 42
                  • Jun 2010
                  • 18083
                  #5
                  Home Prices Are Approaching Record Highs, But S&P/Case-Shiller Says This Isn't A Bubble Set To Blow|Forbes Welcome

                  REITs look pretty good for the near future and they are more geographically diversified and liquid.

                    Comment

                    • Joshua G
                      dumb libs love censorship
                      • Jul 2008
                      • 8198
                      #6
                      terrible time in cycle to buy, near the top. wait for the next recession...its gonna be another 08 since too big to fail is back in the game, & bubbles are back. now that the govt is 20 tril in debt not 10, it might be a doozy of a downturn esp since the fed has no weapons left other than more money printing.

                      yellens rigging the game is gonna come home to roost. hopefully hilary will win cause its her party that deserves to deal with the shitstorm.

                        Comment

                        • American Psycho
                          Confirmed User
                          • Feb 2009
                          • 3068
                          #7
                          History Tells Us That 2016 Will See a Recession | Huffington Post

                          recession time?

                            Comment

                            • RummyBoy
                              Confirmed User
                              • Dec 2009
                              • 2157
                              #8
                              Originally posted by Joshua G
                              terrible time in cycle to buy, near the top.


                              Especially if heavily leveraged.... those people are gonna get slaughtered like 08

                                Comment

                                • Jigster715
                                  So Fucking Banned
                                  • Jul 2015
                                  • 1459
                                  #9
                                  Originally posted by Joshua G
                                  terrible time in cycle to buy, near the top. wait for the next recession...its gonna be another 08 since too big to fail is back in the game, & bubbles are back. now that the govt is 20 tril in debt not 10, it might be a doozy of a downturn esp since the fed has no weapons left other than more money printing.

                                  yellens rigging the game is gonna come home to roost. hopefully hilary will win cause its her party that deserves to deal with the shitstorm.

                                  +1

                                    Comment

                                    • JFK
                                      FUBAR the ORIGINATOR
                                      • Jan 2002
                                      • 67369
                                      #10
                                      Originally posted by RummyBoy


                                      Especially if heavily leveraged.... those people are gonna get slaughtered like 08
                                      YUP, Agreed ! It`s a hyper market up here near Toronto, bidding wars, going way over asking, the shits gonna hit the fan soon

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                                        • 2MuchMark
                                          Mark of 2Much.net
                                          • Aug 2004
                                          • 51209
                                          #11
                                          Originally posted by JFK
                                          YUP, Agreed ! It`s a hyper market up here near Toronto, bidding wars, going way over asking, the shits gonna hit the fan soon
                                          I wish I would have bought a few houses in Vancouver about 15 years ago. Now THAT is some crazy shit.

                                            Comment

                                            • woj
                                              <&(©¿©)&>
                                              • Jul 2002
                                              • 47880
                                              #12
                                              Originally posted by RummyBoy


                                              Especially if heavily leveraged.... those people are gonna get slaughtered like 08
                                              Only real estate flippers get slaughtered, those that make long term investment in cash flow positive real estate are always fine... in the worst case, one may be briefly underwater for a few years, but if the cashflow is paying all the expenses, so what... or am I missing something?
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                                                • trevesty
                                                  Confirmed User
                                                  • Aug 2006
                                                  • 3811
                                                  #13
                                                  Originally posted by woj
                                                  Only real estate flippers get slaughtered, those that make long term investment in cash flow positive real estate are always fine... in the worst case, one may be briefly underwater for a few years, but if the cashflow is paying all the expenses, so what... or am I missing something?
                                                  that's my understanding as well, but I'm not involved yet... that's just what I get from friends here who've got apartment complexes and "flip" on the side. they're not flipping right now..
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                                                    • onwebcam
                                                      Fake Nick 1.0
                                                      • Oct 2005
                                                      • 27689
                                                      #14
                                                      Originally posted by woj
                                                      Only real estate flippers get slaughtered, those that make long term investment in cash flow positive real estate are always fine... in the worst case, one may be briefly underwater for a few years, but if the cashflow is paying all the expenses, so what... or am I missing something?
                                                      Builders get slaughtered as well. Sitting on a development that cant be sold or multiple homes even.


                                                      As far as the ops question I can tell you that my town is in for a very rude awakening very soon. Prices here are pretty much double what they were pre-2008. People are paying stupid prices for homes and the only reason they are is because interest rates are low so they can afford to pay more.. They aren't thinking about what the house is going to be worth a few years from now. Only the interest rate. As soon as they sign the paperwork they've lost money. So in 2008 houses were over-priced/valued with higher interest rates but now that rates are low they aren't? It's as if home buying has turned into car buying. Knowing that when you drive it off the lot you've lost. It's no longer an investment. How did they fix 2008? Lowering payments by shaving off the interest. How will they do that when there is no interest to be shaved? This bubble is going to make 2008 look like childs play.
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                                                        • Barry-xlovecam
                                                          It's 42
                                                          • Jun 2010
                                                          • 18083
                                                          #15
                                                          They will never call you to send a plumber ...



                                                          2009 $5
                                                          2016 High $25

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                                                            • hottoddy
                                                              Confirmed User
                                                              • Oct 2002
                                                              • 3049
                                                              #16
                                                              I am purposefully renting a home after selling. My local market has been in a bubble and builders have re-started cranking out new housing. There are signs of stress already. Sellers are asking the moon but most end up reducing prices several times before finding a buyer. I will reassess in about 6 months but think home prices will continue downward.
                                                              - *** -

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                                                                • CurrentlySober
                                                                  Too lazy to wipe my ass
                                                                  • Aug 2002
                                                                  • 39044
                                                                  #17
                                                                  Originally posted by CurrentlySober
                                                                  I guess you are talking about in the states, but here in the UK its doing fine. I think that once the Brexit vote was done and people realised that it wasn't the end of the world with great plagues and floods being delivered from the heavens it seems very stable.

                                                                  I'm about to raise the rent on one of my properties at the end of the year by £100 a month, and I'm actually closing on another rental property at the moment. High end, 3 Bed 2.5 baths etc down a lane by a river near a little country pub - Beautiful
                                                                  You couldnt make this shit up! I've just closed / exchanged contracts and I tale a look at the online log that tells me whats happened and who dealt with it for me...

                                                                  Check out the girls name that closed on my new house !



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                                                                  ️ ️

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                                                                    • American Psycho
                                                                      Confirmed User
                                                                      • Feb 2009
                                                                      • 3068
                                                                      #18
                                                                      Originally posted by Barry-xlovecam
                                                                      They will never call you to send a plumber ...



                                                                      2009 $5
                                                                      2016 High $25
                                                                      whats that mean exactly?

                                                                        Comment

                                                                        • woj
                                                                          <&(©¿©)&>
                                                                          • Jul 2002
                                                                          • 47880
                                                                          #19
                                                                          Originally posted by American Psycho
                                                                          whats that mean exactly?
                                                                          that someone who invested in REITs in 2007, almost a DECADE later, would still have lost HALF his investment...


                                                                          ... but really, REIT (real estate investment trust), is just an alternative way to invest in real estate, you buy shares in the trust that buys loads of real estate, apartment buildings, office buildings, etc, and you get a share of all the profits generated...

                                                                          it's just like buying stock in a company that happens to invest in real estate... (there are some subtle differences between REIT and normal stock, but not really relevant to most investors)...

                                                                          so in theory you get many of the benefits of investing in real estate, without any of the drama...
                                                                          Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000
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                                                                            • American Psycho
                                                                              Confirmed User
                                                                              • Feb 2009
                                                                              • 3068
                                                                              #20
                                                                              Originally posted by woj
                                                                              that someone who invested in REITs in 2007, almost a DECADE later, would still have lost HALF his investment...


                                                                              ... but really, REIT (real estate investment trust), is just an alternative way to invest in real estate, you buy shares in the trust that buys loads of real estate, apartment buildings, office buildings, etc, and you get a share of all the profits generated...

                                                                              it's just like buying stock in a company that happens to invest in real estate... (there are some subtle differences between REIT and normal stock, but not really relevant to most investors)...

                                                                              so in theory you get many of the benefits of investing in real estate, without any of the drama...
                                                                              thanks. clear now.
                                                                              you seem to have a good handle on rei. you involved?

                                                                                Comment

                                                                                • Barry-xlovecam
                                                                                  It's 42
                                                                                  • Jun 2010
                                                                                  • 18083
                                                                                  #21
                                                                                  Everyone lost equity in RE in 2008 ...

                                                                                  Point is LIQUIDITY -- if you are able to get out before the shit hits the fans.

                                                                                  I doubt you will ever see as much real appreciation in Real Estate again notwithstanding a serious RE market crash again. Meantime, in the past 5 years a lot of money was made.

                                                                                    Comment

                                                                                    • NALEM
                                                                                      Confirmed User
                                                                                      • Nov 2010
                                                                                      • 3166
                                                                                      #22
                                                                                      Prior to 2008, when I was living in the US more, I had investments in rental properties close to Universities. We had a strong contract, high deposit, low rent, and accepted the fact that the houses will be shared between 4 and 6 students.

                                                                                      I agree with Barry about liquidity. Assume that the local economy takes a hit, and for one reason or another, your properties remain vacant for an extended period. Always have enough cash around to cover your expenses for at least a year.
                                                                                      "The time men spend in trying to impress others they could spend in doing the things by which others would be impressed."

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                                                                                        • onwebcam
                                                                                          Fake Nick 1.0
                                                                                          • Oct 2005
                                                                                          • 27689
                                                                                          #23
                                                                                          They're Back -- CDOs with a New Name, But under the same old Management

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                                                                                            • slapass
                                                                                              Too lazy to set a custom title
                                                                                              • Nov 2002
                                                                                              • 14625
                                                                                              #24
                                                                                              I would check your downtown. We have tons of apartments going up here. Even if you are not in that area or type of rental it tends to depress rent increases going forward. I don't see a bright future for rental as we ALWAYS over do it.

                                                                                              Having said that I recently bought into 200 units so maybe this is just buyer's remorse.

                                                                                                Comment

                                                                                                • Vendot
                                                                                                  Confirmed User
                                                                                                  • May 2002
                                                                                                  • 3376
                                                                                                  #25
                                                                                                  Originally posted by Barry-xlovecam
                                                                                                  Everyone lost equity in RE in 2008 ...
                                                                                                  And there's nothing worse than paying off a mortgage on a property you've already sold (ie negative equity). It just amazes me how many people don't understand this very simple concept.

                                                                                                  Basically real estate, in most countries, right now is in a bubble.

                                                                                                  The other guy mentioned Vancouver. The property market there has been collapsing and the all the speculators (mainly Chinese money) have shifted their attention to Toronto where another bubble is developing.

                                                                                                  What people don't realise is that real estate world wide is in a complete bubble funded QE and a very low cost of borrowing in the MAJORS (UK, US, EU etc) not to mention shadow banking in China where, many of my friends in China are involved in the shadow loans industry in one form or another.

                                                                                                  Now WOJ says long term real estate is fine. Sure thing, real estate is a good play, a hard asset and it always will outperform inflation so if you're cash down and you don't need to get leveraged to the hilt then fine because maybe you're not bothered if the value falls.

                                                                                                  However, at this point in the cycle I would stay away from it. Not to mention that with all the banking issues of the last few weeks, things are beginning to look like 2008 all over again. This is the best time on earth to be in cash right now because almost everything is in a bubble and when it pops, there'll be bargains for those with dry powder at hand.
                                                                                                  "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell

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                                                                                                    • buyandsell
                                                                                                      Confirmed User
                                                                                                      • May 2008
                                                                                                      • 692
                                                                                                      #26
                                                                                                      good time to refinance!

                                                                                                        Comment

                                                                                                        • buyandsell
                                                                                                          Confirmed User
                                                                                                          • May 2008
                                                                                                          • 692
                                                                                                          #27
                                                                                                          I always look at cashflow and not appreciation. What I'm wondering about is how much rents went up in past years - I see people in my area paying more money for apartment buildings than makes sense to me. Then they do a bit of work and try to jack the rents up. So I guess they are basing their buy numbers off rent hikes and I wonder how sustainable that is?

                                                                                                            Comment

                                                                                                            • Paul Markham
                                                                                                              Too old to care
                                                                                                              • Jun 2001
                                                                                                              • 52942
                                                                                                              #28
                                                                                                              Here the market is rock solid, should the UK start to limit Chech migration it will climb faster.



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                                                                                                                • Vendot
                                                                                                                  Confirmed User
                                                                                                                  • May 2002
                                                                                                                  • 3376
                                                                                                                  #29
                                                                                                                  Originally posted by Paul Markham
                                                                                                                  Here the market is rock solid, should the UK start to limit Chech migration it will climb faster.
                                                                                                                  It is? I've seen mixed messages on UK property but its a bubble over there too (overall)...

                                                                                                                  Brexit uncertainty and summer slowdown prompt fall in UK house prices | The Independent

                                                                                                                  UK residential property prices and transactions drop | Money Observer

                                                                                                                  House prices 'to fall 30%' | Daily Mail Online
                                                                                                                  "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell

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