Quote:
Originally Posted by frayedends
I disagree on investors, but it totally depends on how long they are willing to wait. Even 2008 investors eventually made lots of money, if they waited long enough.
|
I meant more short-term investors. I agree with you there is still value in holding property in the long term. Many on here have said 2008 had very little effect on values in the TV market because the value here was incredible. Now TV is a known commodity that many have been profiting from with an above average 6% annual return, lower taxes, lower bonds, lower insurance rates, amenity fees, and expenses on everything related to inflation. This strategy has forced many investors into the short-term rental market to make ends meet and this is also not working for many.