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Another Housing Bubble?
- Thread starter albatros43
- Start date
Its a good racket if you can get it. Crony Capitalism baby! Who doesn't think that isn't going to go to new highs under a Trump Administration?
I think it depends a lot on where you are talking about.....
Nicer areas may have a bit of a bubble happening.... Riverdale? Probably not so much.
I think it is nowhere near the type of bubble we had back in 2005 tp 2008. A lot of construction going on back then-but now, not so much.
Just a word of caution to anyone out there who is looking. NEVER go more than 2.5 X annual income on a house. I don't care what anyone tries to tell you. 2X is kind of pushing it..... 2.5 is absolute max. Any of this crazy stuff from ten years ago, (like 5 or even 10X annual income) is just crazyland. Bankruptcy is the only destination for people who try to break that rule.
There is a real shortage of available houses, depending on location, but in general, it holds true. Many homes right now are selling on pocket listings because the market lull. There has been a lot of pent up demand from people waiting on the market to turn around. Same goes for supply, builders and developers have been hesitant to take on too much risk. Banks as well.
Intown is growing fast, GA 400 corridor is seeing a lot of activity as well as I-85 corridor. Apartments too are being built as fast as humanly possible in Midtown and Buckhead, lots of them. That is one market I see nearing its peak. Commercial office should be on an upswing here soon, and I believe we are just getting rolling in the retail/multi use arena here in the hood. Lots of good things happening right now.
Intown is growing fast, GA 400 corridor is seeing a lot of activity as well as I-85 corridor. Apartments too are being built as fast as humanly possible in Midtown and Buckhead, lots of them. That is one market I see nearing its peak. Commercial office should be on an upswing here soon, and I believe we are just getting rolling in the retail/multi use arena here in the hood. Lots of good things happening right now.
I don't think so.
If that guy is elected, the entire economy will be a disaster-and he won't have a clue how to fix it. He is too unpredictable. Investors (and those signing up for mortgages) hate unpredictability.
(He won't be elected anyhow.... But if he were, it would not be good for any part of the economy.)
the condos they are building at Atlanta Road and 285 are $700K
But opportunists (and sharks) love chaos. With the internet and big data, they will be able to comb thru listings and RE databases and find "distressed" properties to swoop in and buy at a discount. And then they have to resources/volumn to sit on it until the market rebounds even years later. They have already had a LOT of practice over the pas ten years.
I tell you, the market really has changed. Real estate used to be the engine of middle class wealth and security. Its gone. In its place are the new slum lords and feudal master who have an unfair tech advantage in that they can buy cheaper than anyone and sell higher. It will crush regular people who just want to buy a nice house.
I like how the RE adds say "long time custom builder" when a van full of illegals built the whole thing. The "long time custom builder" couldnt build a rabbit box.
So true
A friend of mine lives in Brooks GA
His house appraised for $660k last year
Appraised for $1.1 mil last week
Sent from my iPhone using Tapatalk
His house appraised for $660k last year
Appraised for $1.1 mil last week
Sent from my iPhone using Tapatalk
