Or buy slightly more rural where prices are not inflated as much, still make a little profit.
I wouldn't personally do it. One, as Steve mentioned, it's likely to be a trumpland, and two, less desirable areas tend to go down the most in any housing market downturn. It's a bad financial decision to buy rural when prices are inflated. I stand by my suggestion, sell, rent for 2-4 years, and then buy again where you want to stay put.Or buy slightly more rural where prices are not inflated as much, still make a little profit.
Storms around Austin taking the edge off here. Down to a chilly 95 right now.
I was on a patio having lunch in San Diego a day ago at 70F. My brain could not compute how I was outside yet not sweating like a whore in church. Going to take a while to reprogram things.
Not a great time to rent either.It's a great time to sell however. If you own, sell, move, rent for a couple of years until the market is more favorable towards the buyers, and then buy again.
Sounds like winter there. That's the only time it rained when I lived in OC.Grew up mostly in L.A. Loved it when we'd get those all day steady rain storms. Seemed to happen around once a year. 1950's. Those weren't thunderstorms, just all day steady rain. It was like being in another world.
Big heat wave. Today 85 and maybe tomorrow, but it's going to be about perfect after that for several days.81 degrees here with 40% humidity. Really nice out like it has been all week
I wouldn't personally do it. One, as Steve mentioned, it's likely to be a trumpland, and two, less desirable areas tend to go down the most in any housing market downturn. It's a bad financial decision to buy rural when prices are inflated. I stand by my suggestion, sell, rent for 2-4 years, and then buy again where you want to stay put.
Today was the hottest day ever recorded in July in San Antonio, and the fifth hottest day ever recorded in San Antonio.
"New normal"
Well, in a housing downturn everything falls, however as they say the three rules of real estate are location, location, location. Excessively high prices in desirable areas will push people who need housing to buy in less desirable areas artificially propping up prices way above what you would expect of that area. This is why places like CA and NYC did not fall as much during 2008 and bounced back fairly quickly while NV and FL crashed and stayed depressed for a long time. This time around though the migration patterns put FL and southwest as the destination place, so if there was a crash I would expect FL to do much better than 2008. From personal family experience, my parents bought a house in a cheaper neighborhood in 2007 and their house value stayed depressed for a really really long time, looking at the local market, even with the recent run up in prices their house is probably only worth 25% more than what they purchased it for. It doesn't really matter if you buy to stay, but I wouldn't buy in a less desirable location during bubble hoping to move up in a few years, that's just a poor financial decision.Thats weird ... I woulda thought it was the opposite biggest fluctuations should be city prices and then lesser so the further out you get.
Just got back from Dallas, where afternoon temperatures over the last 3 days got as high as 107. I only had a quarter mile walk from my hotel to the front door of the conference center and it was unbearable.
I like how it’s now showing less than 3GW buffer is green and the load estimate is well above the available power estimate.
I’m feeling less sure about no rolling blackouts today
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