|
Why would you do a panic sell when you can rent it out since the rental market is so bad?
I know a few people with multiple properties and are renting out. They aren't talking about selling when it drops they want to pick up more. If they are cash flow positive or covering their mortgages now they'd be even further ahead if they can score a place at a cheaper deal
Foreign buyers are one thing that affected this growth but if I can buy and have someone pay for my mortgage or be positive cf then it makes sense at least for the time being
I bought a place a few months ago with the fiancé. Things are slow now and prices will fall but are we going to sell? No....its just part of the wave and we will ride it out. Not everyone thinks of homes as an investment. We need a place to live and that's why me and my friends bought in
|