It is very possible for it to be a landlord and seller’s market for the next 2-3 years because of a number of reasons(see #4 and #5 as key):
1. Cheap money(interest rates are low-and are crucial to landlord and seller’s market longevity)
2. Bad Credit keeps many people as renters because they do not qualify
3. Fear of would be buyers of a market correction
4. Inflation has not hit and significantly driven up the price of everything except houses, ie. gas, groceries, books, bikes, gadgets, etc….
But Why? Mainly because globalization has brought manufacturing to the places that pay the cheapest wages and other forces that make things less expensive(think Amazon where you can get the same product at a lower price, robots that replace human labor)
5. Housing is the one asset that has seen massive inflation, but why? Because housing is made by hand, locally with unique features benefits and characteristics.
That is it for today everyone. Check out the below picture of my daughter, the Grinch and I…Have an amazing Holiday!
***PS***I thank you again for all your past and present business. When you want help with anything real estate related, then call me at 858-225-7385 or email me at Brad@BradBrinkman.com You can count on us to give you clarity on how to achieve your real estate goals!
‘He has been there anytime I needed him and I know if I need him again he would be there too. Brad gave 100% from the first time he called me till the sale was done.’
‘We really felt like Brad was on our side throughout the transaction and knew how to navigate the process calmly and effectively’
-Curt and Kim C
‘If you are skeptical on a realtor look no further. You will get what you want and when you want it with Brad. His knowledge on this market is second to none. The most unusual thing about this transaction is his exceptional follow up thru out the entire process, and even after we’ve moved in and got settled. He is one of a kind in this market and this profession’
-Scott & Allison T.
‘Thanks to Brad Brinkman and his team we now have a beautiful new home and a great investment into our future.’
-Ryan & Amanda F.
‘He found my house for me when others could not, in a location that I thought would be impossible. His aggressiveness has given me the opportunity to live in a fantastic place.’
-Trace H., Pilot Hawaiian Airlines., U.S. Navy Pilot
‘You made it easy for us to make this move into our new home because you took on all the worries, handling our transaction with skill and expertise. Specifically we were impressed with your approach to business, treating each and every customer as you treated us; as though we were your most important clients’
‘He made each transaction very smooth and it was great peace of mind knowing I could count on him.’