A Seller’s and Landlord Market for Years to Come?
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!
PS #2 If you want help with anything real estate related, then click here to email me or click to leave me a voice mail today. I personally check my emails!!
