Nobody is answering the question of how people are even able to purchase these houses in the first place. The houses are selling for outrageous amounts, and there are not the jobs around here that pay accordingly. I just don't get it.
yeah, I think you're right. It's people who own assets, so whether they can sell it for capital gains or it gives them a passive stream of income. I also think it's those who are moving from more expensive to less expensive areas. And, I think it's in rural places like where I live, it could be USDA loans with little or no money down.
Rudy - while private equity has been driving up its ownership percentage of single family rentals, a lot of this is shifting from mom and pop owners. John burns RE consulting has down some work on this.
sold yourself short the first 1 minute and FORTY SIX seconds were the best
Could not have done a better job myself :)
Nobody is answering the question of how people are even able to purchase these houses in the first place. The houses are selling for outrageous amounts, and there are not the jobs around here that pay accordingly. I just don't get it.
Near where I'm at I think a lot of it could be mid-level manager stock option money. NVDA, MSFT, AAPL etc.
yeah, I think you're right. It's people who own assets, so whether they can sell it for capital gains or it gives them a passive stream of income. I also think it's those who are moving from more expensive to less expensive areas. And, I think it's in rural places like where I live, it could be USDA loans with little or no money down.
Rudy - while private equity has been driving up its ownership percentage of single family rentals, a lot of this is shifting from mom and pop owners. John burns RE consulting has down some work on this.
I'm familiar with Burns. Thank you!
I heard someone say California was thinking about introducing an exit tax ? Is that true ?
It's been proposed: "The exit tax rate is 0.4% on net worth over $30 million in a tax year."
Post transcripts please.
There’s a link in the post. Middle, right below video.