What do you all see the market doing in the next few years from your experience? Wondering if I should sell the remaining rental, take the profit and get some other rentals. I've been reading and hearing different things that we're about to burst and rates are going to spike and others say it's going to be good for the next few years still. Thanks!

Homer,

I've always heard housing was the leader, specifically new construction and the rest followed.

If current admin wins again, yes market will grow, but the feds will probably take the opportunity to up interest rates to get them back to normal levels.

The housing market is a local market though. Even during bad times, some area markets prosper.

Here's my prediction from 42 years of investing in RE.

It will do what it has always done - go up and go down.

The people who ADAPT will win and those who are stuck in the past will lose.

For YEARS the media and realtors have talked BUY NOW because interest rates are going up. In the past 10 years they've gone up a tiny bit.

RE is local. Cali had a bubble which burst creating havoc for those folks.

MY town did not have a bubble growing so the downturn was only a few percent.

I made a lot of money buying up homes cheap when everyone else was scared and broke.

Cash is king in a downturn. People were bringing deals to me.

Don't over extend. Our recession came instantly without warning. Builders who were stuck with 5-6 unfinished homes to complete and sell went belly up because no one was buying.

Run while the gettin is good but only run with what you can carry.

DEBT will wipe out the weak in a heartbeat.

Equity does not pay the bills. And when the SHTF the banks stopped lending to investors which means we could not sell anything, and started calling loans to be paid NOW or foreclose. Even a loan with a low balance still requires a monthly payment and can be foreclosed.

The very banks that loved ya on the way in are the same banks that will foreclose on ya if you fall behind.

Who will survive? LLs with PAID FOR properties.

BRAD

"All those empties returning to the lenders crashed the banks."

I purchased ton's or Homes and Apartment in Working Class Areas of the City (Los Angeles). When particular circumstances occurs and the masses can't afford to buy or live at the current market level, things will make a natural adjustment.

I've owned and lived through 3 complete cycles. Loss of Jobs, Earthquakes, Economic downturn, mortgage melt down, stock market crash and the loss of spendable cash -- have all attributed to market down turns.

If the housing market crashes we will buy more properties.

If it doesn't we will keep raising rents.

We will continue to live on less than what we earn in case the rent bubble bursts and we have to lower rents for some reason.

We will continue to do maintenance and improvements to our properties so we can get the highest rent possible whatever the state of the market is.

We will continue to go to trainings and conventions to learn about evolving trends.

Real estate runs in cycles, but no one knows when the top will be reached or how low it will go when it goes down. The government meddled badly and that turned the last down cycle into a disaster. Real estate doesn't usually go down that badly.

Real estate has been up for a long time now, so a down turn will happen eventually. But no one can know when.

I am seeing some very low down mortgages and some people buying who should never have been given a mortgage. So some of the bad mortgage behavior is starting to happen again.