Quote:
Originally Posted by asianthree
As I and many have posted location, view, prime models sell within days.
2012, Even after capital gains, the ending sale profit $56,000, plus 4 years of rental income. Each home after that six figures pretty normal as long as you have location, view, and model. Younger gens seem to buy sell. My parents in 80s would buy a rental, but not pickup and move every two years to make a profit
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That was yesteryear, it’s almost 2025 and the total economics have changed. The last of the large boomer retirement years have passed and the prices here have escalated to where it’s not as attractive as it once was. Also the shear number of new homes being built detracts from the value of existing homes. Couple that with the loss of the small town feel that attracted many and what people were able to profit from ten years ago is like comparing apples and oranges. And the last 4 years prices were highly influenced by Covid and the work from home syndrome which is fading. I wouldn’t want to be too deep into owning rentals as the continuing new build competition will impact long term returns.