Real estate is actually nowhere close to its all time high - measured in gold, or oil, or against a basket of commodities. It only looks overpriced in US dollars. Watch Jason Hartman on YouTube for a full explanation. Because of its tax-advantaged status, residential rental real estate is the best option investors have left - at least until the Biden Administration starts taking those advantages away.
I can't imagine anyone would believe this to be the case when you have had eviction moratoriums in place for various lengths of time at the Federal and state levels going back more than a year and a half now.
Our house hit $1million in 2015, today it is valued at $2million just 6 years later.
“Because of its tax-advantaged status, residential rental real estate is the best option investors have left - at least until the Biden Administration starts taking those advantages away”
My niece and her husband bought a condo right outside the DC beltway 4 years ago. They were offered almost 400k more than they paid for it. The problem is all the single family homes they have looked in their area have gone up the same amount.
They are now looking at property in W.Va and prices are half of NVA (for now) They are in the process of building a metro line to that area and they can take the train right into DC in an hour or less.
My bil and sister told them to jump on it fast or they will be shoved out of the market there also.
>> It only looks overpriced in US dollars.
Which is exactly what most people pay with.