Houses are like stocks??
During the housing bubble some years ago, at that time, I heard that about 30% of homes were owned by investors, not by owner occupants. So people treating housing as an investment, and not just buying a house because they want to live in the house, is nothing new.
But are we repeating mistakes of the past, if we are pushing easy mortgages as a means of people acquiring real estate??? Is that wise???
Not in Northeast Ohio.
Good thing the Fed isn’t creating any inflation by creating too much money.
May neighborhood is turning over like crazy with new buyers all of whom bought homes with just 5% down.
How many are foreclosures?
Putting mine on the market hopefully in 2-3 weeks. Needs some cleaning and some touchups. Hope to make a little off of it. Bought a new home about 45 miles north of Dallas, and moved this past weekend. I think I lost 20 lbs in sweat!
Caveat Emptor!
Here we go again. Last time, I saw articles like this, we had a economic collapse shortly after...