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In Auckland, New Zealand housing prices have increased by 65 percent in the last 10 years, and borrowing for mortgages just keeps increasing.
In the possible event of a housing bubble bursting is their any ways of making money from your guys experience? |
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There's always a risk but I don't really know much about the market there. What about the last 25 years?
here in Vancouver we have the least affordable housing market in north america, and 3rd in the world. it went up just 23% up in the last year too. It's mainly all foreign investment so there's a lot of rich people offshore parking their money by buying homes which ends up having a lot with a lot of condos being largely empty and an expensive market. Of course something could happen but I don't think it would do much more than level off if anything. we'll see. |
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Last edit: by Rooster.
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wait till the market crashes (usually happens every 7 years or so), then buy everything u can
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Yes, of course, but you need to make absolutely 100% certain that the MATH makes sense. Be aware of EVERY SINGLE FUCKING NUMBER IN YOUR PAYMENTS. That's all you really have to worry about. It can be quite easy to fuck oneself over thinking you have a cash cow when you really have a money pit...when the math is off. I'm mainly thinking rentals here but maybe you had something else in mind, like reselling? Whatever the case, the math needs to make sense. You need more income than outgo. Pretty straightforward. |
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Last edit: by NoExcuses.
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This is probably the easiest way to make money from the bubble. You buy properties at an all time low and then make a huge profit when you sell them. Lay Count
Pre-GLL: 10 2016: 39 Now: 100+ My Personal Collection of Lay Reports 2016 Lay Reports and Log theheavyhitters.club Instagram: @theheavyhittersclub_ |
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Saving up enough cash for a short sale foreclosure or fixer-upper until then is probably your best bet
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You wait until the market bursts and try and speculate how long it stays low (buy at lowest or as close to low as possible), and then buy. In Alberta the market has gone down unlike Vancouver. My house for example has dropped 25k in the last 2 years. I'm waiting until winter/spring of 2017 when I believe oil prices will go up again (60-70USD barrel) then I will re-mortgage this home Im in now due to a large amount of equity, put it up for rent and buy a million dollar home for around 800k, once the markets peaks again 2020/2021 I will be able to sell the 800k home for well over a million. I dont know your market, but find books specific to your country and learn about the real estate cycle there and you will have a better idea when to buy sell. Another good idea would be to make friends with a few realtors, and possibly seek out a mentor, thats where the real learning will begin. Good luck brother!
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People are looking for all the facilities while buying the property. Renovating the home will increase the value to some extent. Recently I discussed with one of my friends that, he was not getting the much price of the home, as expected, so I suggested to renovate their home which will help to make more money out of the house. In this way, one can
dig this
to take help to make money from their property.
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Last edit: by TheresaHill.
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