Not exact matches
Similarly, some will point to
high levels of inflation, but breaking China inflation down into food, non food and
housing (see chart below; white line - food, orange line - non food, yellow line - rents), a big part of non-food makes it pretty clear that food is beginning to turn for its own reasons, while
house prices and rents
really are falling out of bed.
It's ironic b / c when the
housing market falls, more people seem to want to rent, keeping rent
prices high until things
really start falling apart.
You'd expect it from entitled millennial Remainers who, ironically, are nostalgic for a golden age of
high wages and rock - bottom
house prices that never
really was; but it makes no sense for Vince to join in.
You don't
really have to put 20 % down on a
house (and with home
prices so
high these days, who can afford that?)
However, like most things that sound too good to be true, the devil is in the details... These days (2014), the
really high returns (20 % plus) are getting exceedingly difficult to locate due to the surge in
housing prices and the climbing interest rates... These deals were most abundant around 2009 - 2012 timeframe when foreclosures were a dime a dozen.
Typically, the cost per square foot for a new home is quite a bit
higher than resale homes, but the recent dip in oil
prices has
really eroded the premium builders can charge for these new
houses.
Assuming somebody doesn't want to go that route, and assuming the
house is
priced properly, after you've done your market analysis or you've done comps, sort of the shorthand in the business, where do you usually... Do you have like a percentage below the asking
price that you usually tell a buyer to offer, or does it
really depend much, much, more on what the market is like, this market, where we have a relatively
high demand, but extremely low supply.
Are these areas with low
prices but
high rents
really old
houses?