Hi All
Been reading some posts about housing in the US. I'm based in Europe and we are seeing ridiculous housing prices.
My house was just valued at a crazy amount and there seems to be nothing on the market.
I'm in Slovakia which is bordering Ukraine so there is also an increased demand from Ukrainians who want to buy or rent l.
I've been contacting real estate agencies for both rent and for sale. The arrogance is unbelievable. When I call, they simply reply an SMS with the prices and ask if I want it without even viewing.
So, I took a look at bankruptcies in the EU and they are down!
Interest rates are at about 1 - 1.5% here at the moment but I've seen they are creeping up. I'm sure, when there is a 2 or 3 percent increase, people will start defaulting.
We are thinking to sell our house and just rent for a few years because this feels like a bubble. We will keep watching the market and try to buy land, or maybe a mixed bag of properties.
Now, I know we can't really predict the market but could anyone suggest some indicators I could check? How do you make decisions regarding real estate investments?
Submitted April 25, 2022 at 01:35AM by dalekirkwood1 https://ift.tt/ZXu1xOG
