Where is Real Estate in its Market Cycle?
Peter the Dodo asks "in terms of market cycles, where do you see the current property market at?"
Here's my response!
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It has to do with intellectual way of holding unto the goods you have and let it out when you think there is chance for you to make a huge amount of profit in the process.
A very interesting question!
As you say, the market fundamentals are so different than previous. Young millennials cannot afford a deposit, interest rates are going to near zero and could go negative, and there is a lot of overseas investment.
In my opinion, house prices cannot keep rising and there will be a crash, just like there will be in the stock market.
Agreed! The eventual crash is a certainty. The timing just seems freaking impossible - even more so than usual - with all these factors that are somewhat at odds with each other.
I still think we have at least 6 months to a year left if not 2 based on the yield curve in the Bond market. This has to be one of the longest periods of expansion with 0% interest time has no value!
Hi @louisthomas ,the real estate sector in my country, excuse me, I will comment based on my place of residence in Colombia, here this sector is very profitable, if you have one or several locations, you can lease them for businesses such as stores, warehouses, even apartments, and get a constant passive income, the value of the lease fluctuates according to the increase in the minimum wage, I prefer wineries, are more profitable.
Thanks for sharing your perspective Martha!