Real Estate Market. Thoughts?

[mindfold]

Just a thought, ever think about renting your current house? Taking the difference between your current payment and the rent you get, and putting that into a new house?

[trlcavscout]

I don't know about other areas but weld county has seen a big bubble that may be crashing soon. For the last couple years oil field companies have been knocking on doors to get people to sell, and with the displaced flood victims housing is ridiculous and hard to find compared to 5 years ago. My house went up over 100k in 2 years. But with them now shutting down wells and some of the companies shutting down it may crash soon if the natural gas can't keep everyone busy.

[Wulf202]

Just a thought, ever think about renting your current house? Taking the difference between your current payment and the rent you get, and putting that into a new house?

Less than % 25 of people are willing to do the landlord thing for one reason or another.

Other options include taking the equity and investing it to make something on the side

[HoneyBadger]

It seems like the best way to go about it (if you can stomach it) is to sell the current house you're in and cash out on the equity and find a nice rental you can stomach for a year or two. Wait until the market comes back down to earth and then use the proceeds for the new place/land. I personally hate the idea of renting a house or apartment, but that's really the only way you are going to sell high/buy low in the same market.

That's pretty ballsy to assume that the market will drop in a year or two. I wouldn't bet $50k on it.

[Dave_L]

I already have one rental and don't really want another.

[Herman]

Our place is down south of Castle Rock, our place has been on the market for 8 months now. We have had a ton of showings but not even one offer. Honestly I don't get it. We fixed the place up perfect, new everything, windows, paint, doors, deck. It is on probably the best location for the front range. I commuted to the tech center in about 35 minutes, and the same down to colorado springs. The seclusion is truly amazing and for someone like me it is heaven for shooting and hunting. I keep hearing that the market is amazing, sure wish it comedown south just a bit more. Heres a link, (sorry I have to keep plugging this every chance I get)

http://www.realtor.com/realestateand...6_M20191-86694

I love to hear everyone that has made a ton of money, but sometimes real estate is frustrating.

[Aloha_Shooter]

That's pretty ballsy to assume that the market will drop in a year or two. I wouldn't bet $50k on it.

It all depends on perspective. Personally, I think it's pretty ballsy to sink $50K into a house in certain real estate markets (CA comes to mind) when you know your investment horizon is pretty short and there's a decent chance of both regional and national recessions. I don't know if he thought of it but another reason for Mitt to pull out of the race is that the President in 2020 or 2021 will probably reap the consequences of Obama's malfeasance just as Bush inherited the fiscal house of cards that Clinton built up during the 90s.

[ruthabagah]

Our place is down south of Castle Rock, our place has been on the market for 8 months now. We have had a ton of showings but not even one offer. Honestly I don't get it. We fixed the place up perfect, new everything, windows, paint, doors, deck. It is on probably the best location for the front range. I commuted to the tech center in about 35 minutes, and the same down to colorado springs. The seclusion is truly amazing and for someone like me it is heaven for shooting and hunting. I keep hearing that the market is amazing, sure wish it comedown south just a bit more. Heres a link, (sorry I have to keep plugging this every chance I get)

http://www.realtor.com/realestateand...6_M20191-86694

I love to hear everyone that has made a ton of money, but sometimes real estate is frustrating.

My dream house when the last kid will be off to college.... 6 years!

[HoneyBadger]

It all depends on perspective. Personally, I think it's pretty ballsy to sink $50K into a house in certain real estate markets (CA comes to mind) when you know your investment horizon is pretty short and there's a decent chance of both regional and national recessions. I don't know if he thought of it but another reason for Mitt to pull out of the race is that the President in 2020 or 2021 will probably reap the consequences of Obama's malfeasance just as Bush inherited the fiscal house of cards that Clinton built up during the 90s.

Sure. Lots of variables to consider, but Pug said it so "matter-of-factly" that the market will come back down in a year or two. If any of us really knew that for sure, we'd all sell this year.

[PugnacAutMortem]

Our place is down south of Castle Rock, our place has been on the market for 8 months now. We have had a ton of showings but not even one offer. Honestly I don't get it. We fixed the place up perfect, new everything, windows, paint, doors, deck. It is on probably the best location for the front range. I commuted to the tech center in about 35 minutes, and the same down to colorado springs. The seclusion is truly amazing and for someone like me it is heaven for shooting and hunting. I keep hearing that the market is amazing, sure wish it comedown south just a bit more. Heres a link, (sorry I have to keep plugging this every chance I get)

http://www.realtor.com/realestateand...6_M20191-86694

I love to hear everyone that has made a ton of money, but sometimes real estate is frustrating.

Holy crap you haven't sold that place yet? When I saw it I figured it would be gone within a couple days...that is such a freaking sweet property. A place like yours is the next step up for us...in 15-20 years when our kids are out of the house.