12 Jul 2023 2:43 pm
Skans » 12 Jul 2023, 1:25 pm » wrote: ↑ Or, your local municipality could just raise real estate taxes on rental properties while imposing rent control. As for me, I liquidated nearly all of my real estate holdings during this period of insane prices. Dumped it all. Only time will tell whether I made the right call or not.No individual actually owns any real estate. The Counties and municipalities own all of it.
- Traditional office space - hasn't bounced back since covid.
- Rental homes priced between 250K - 400K - everything is selling at a total premium right now, and there is only so far you can push up rents.
- Flex Space (office-warehouse) - Still good demand for this, but its a total seller's market
- Traditional Retail - "thud" - that's the first shoe dropping....waiting for the other shoe to drop.
- House flips - gotta look at garbage houses in bad neighborhoods - I've got better things to do with my time
- Raw land - That's just another name for legal extortion by counties when you go to develop it. Impact fees, taxes, green space allotment, set-back requirements, parking, drainage, pay for parks, pay for schools, wildlife removal, tree-tax......no mafia was ever as bad as a typical county.
In general your points are correct. But as a guy who owns rental property the covid nonsense was good for us in practice. It isnt like we didnt recoeve rent...it was merely paid for by the state. That is actually more rent security than we normally got. Also, mass immigration policies are great to raise demand and price of rent.