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amother




OP
 

Post Thu, Mar 04 2021, 9:35 am
Anyone in the real estate world and can recommend if it’s a good time to buy or if the bubble will even out? The prices are crazy
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amother




Coral
 

Post Thu, Mar 04 2021, 9:37 am
amother [ OP ] wrote:
Anyone in the real estate world and can recommend if it’s a good time to buy or if the bubble will even out? The prices are crazy


It is a sellers market in suburbs everywhere. Because of covid people in apartments or big cities are looking to buy houses in the suburbs.
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amother




Lavender
 

Post Thu, Mar 04 2021, 9:42 am
It’s hard to say.
Lakewood real estate has collapsed before.
I bought my house at the height of the last bubble 2008 and it went down in value a ton
Plus there is a lot less building now.

It’s impossible to predict for sure but I don’t believe prices will stay this high.
Btw not everything is so high if you don’t need the nicest town homes. A fixed up two family home near me recently sold for $415k and an older ranch for $350k. They are putting 50k into it and renting basement.
They are older homes in off the beaten path non popular olderneighborhoods but do exist.

I also think rental prices in Lakewood will crash. They have always come in waves.
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