COVID has also brought huge percentages of people out of work, and a coming eviction crisis. I considered getting into the landlord game last year, and I’m quite thankful now that I sidestepped that nonsense.
Last year was a new peak for housing exuberance. I agree with your decision not to buy then. For those willing and able to hold for a while, buying when the eviction crisis hits its apex is probably going to yield some once in a decade buying opportunities.
I know several people who made out like bandits buying in Florida and Arizona in 2010 and only held for 3-4 years.
Comments
COVID has also brought huge percentages of people out of work, and a coming eviction crisis. I considered getting into the landlord game last year, and I’m quite thankful now that I sidestepped that nonsense.
Last year was a new peak for housing exuberance. I agree with your decision not to buy then. For those willing and able to hold for a while, buying when the eviction crisis hits its apex is probably going to yield some once in a decade buying opportunities.
I know several people who made out like bandits buying in Florida and Arizona in 2010 and only held for 3-4 years.