Crazy. Just saw on the news where a buyer paid $1mill above asking price on a house in the Bay Area. Listed for $1.3 received 70 cash offers sold for $2.3. Fawking morons, watch them cry later and ask for debt forgiveness. If you own some California dirt and your plan is to cash out and leave Cali, this is a really good time. I want to buy some more, but too many desperate dumb people driving prices up. Millions have asked for COVID payment relief and are delinquent on their mortgage rite now. Millions behind on rent too. im Running around with a needle looking to burst that bubble.
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Real estate prices continue their climb
Real estate prices continue their climb
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I'm thinking of buying a building in the ie.
But prices are 50-100% higher than when I looked in 2021 and 22. Why? Isn't the commercial market soft right now?
Should I loan my company the money and them buy it? Or should I buy it and then lease it to my company?