We have a course on rental property investing. Its called your first rental property. I painstakingly built this course over the span of three years. It was incredibly well researched. So if you are trying to buy a home for yourself as an owner occupant, or if you are a beginner mam and pop investor with aspirations of a single digit number of units in your portfolio, you've actually got a better set up than a lot of people. You're not just flying by the seat of your pants and making a hunch.
#343: The real estate market in 2021 has been bonkers.
That’s the technical term.
From 2012 to 2020, home prices nationwide rose at an annualized average of 5.8 percent per year.
From April 2020 to April 2021, home prices climbed 17.2 percent.
This sudden surge in prices has many homeowners and would-be investors fearful of a crash. The memories of the stark price run-up prior to The Great Recession are all too salient.
What goes up must come down, right?
Not exactly. In this episode, we walk through market fundamentals — discussing housing supply, lumber prices, and the distinction between cheap credit vs easy credit — to illustrate how today’s market is unlike anything we’ve ever seen.
More importantly, we offer tips for everyone —whether you’re a renter looking to get into your starter home, an empty-nester looking to downsize, an owner-occupant who wants to lock in your gains, or a curious aspiring investor who wonders if it’s too late.
Enjoy!
For more information, visit the show notes at https://affordanything.com/episode343
Learn more about your ad choices. Visit podcastchoices.com/adchoices