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Apr 19, 2021
3:26:00pm
johnnybyu All-American
Interesting thoughts. I certainly wouldn't recommend anyone jump into real
estate if you can't find an asset that doesn't cash flow/break even which is very difficult to do right now. Buying a negative cash flow asset in hopes of appreciation is a scary game. The problem is I think the Govt wants inflation to help with their debt problem so the hyper inflation you mention in paragraph 1 looks like a possibility. I have never lived through serious inflation. I have thought the inflation we have seen was mostly because of supply chain issues but inflation may be a bigger part of it. I have only added one home recently because I don't like the rent/price rations but I have many partners that have. But now I am seeing rents increase dramatically. I think apartments maybe over built but single family homes in good locations don't appear to be. I am still on the fence. I have been refinancing everything at great low rates and have cash on the sidelines but trying to figure out if it makes sense to wait it out or leverage up a little more. As you mentioned wages are going to need to increase to really get inflation going but it looks like we are seeing that at least in Utah.
This message has been modified
Originally posted on Apr 19, 2021 at 3:26:00pm
Message modified by johnnybyu on Apr 19, 2021 at 3:29:04pm
Message modified by johnnybyu on Apr 19, 2021 at 3:30:39pm
Message modified by johnnybyu on Apr 19, 2021 at 3:31:10pm
Message modified by johnnybyu on Apr 19, 2021 at 3:31:37pm
Message modified by johnnybyu on Apr 19, 2021 at 3:34:36pm
johnnybyu
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johnnybyu
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