Quote:
Originally Posted by supafamous
Can anyone offer a tl;dr of his argument from 10 years ago about the state of real estate? At the time I remember lots of talk around how the fundamentals will eventually turn the tide and that's what I went along with but today it seems we grossly underestimated how deep the supply challenges (and they are huge) and how our language should be around affordability rather than the price itself. It seemed that back then no one talked about the crisis in supply at all.
|
Don't quote me as I am old and my memory isn't quite there.
4444 talked about the fundamentals. Don't let the mountains, green grass and clean air fool you about how desirable VAN.
Financial fundamentals is the key. Local economy etc is what drives housing prices.
He rented locally but with his work, had access to cheap money to buy in the US to be a LL.
I know there is more but that's the jist of it.