Just a note, with large tax cuts to the extremely wealthy, it is very possible that PE firms and wealthy individuals continue to buy up any houses on the market to make them rentals. This is happening all over the UK. Assets prices may well rise due to the tax cuts and the average person will experience a more costly economy.
Should I buy a house now? I don’t really need it, but I have an opportunity to buy a small manufactured home for about $125,000 on a half acre at about 5% interest rate on the Rio Grande in northern NM. I’ll live in it for a year and do some minor upgrades then I could rent it out as a vacation rental in 2026.
Great question! It sounds like you have a buy-and-hold mindset about the property. Historically, it's hard to lose when you hold a property for 10+ years. I suspect the value is truly in the land as manufactured homes often depreciate in value over time. But, if it's a good deal and you have the means, I generally encourage going for it! I'd be happy to talk through the particulars - shoot me an email: hello@diyhomebuyeracademy.com
I like many of the points you made! Some other points I'd like to add. If immigrants are in fact deported in large numbers, then the homes they currently occupy will also be freed up. A recession is a 70% chance by some estimates. If unemployment goes up and layoffs happen regardless of what Trump does, then foreclosures can start to make an impact on inventory. Demographics are also currently changing, with slower population growth that is yet to be realized.
The mass deportations are of the ones living in large cities in motels ( the same people that New York governor cut access to their ebt cards) the vast majority of the people don’t have homes
This is a thoughtful comment. Thank you! As someone else said, I don’t think deportations will lead to a proportional increase in available homes for sale. It’s probably the hospitality industry and owners of multi-family properties that will be most impacted. Good point about the dynamic nature of demographics though! That’s partly what makes these predictions so difficult.
@@jasoncardoza6375people also don’t realize that it’s very expensive to deport people (about $10,000 per person-assuming they don’t require a long flight), so it’s probably not going to be the mass exodus that people are expecting unless this new government is extraordinarily stupid with spending
And the cost of building new homes…will just get exponentially worse with a mass deportation. How you going to get to 4 million homes deporting your labor force?
Just a note, with large tax cuts to the extremely wealthy, it is very possible that PE firms and wealthy individuals continue to buy up any houses on the market to make them rentals. This is happening all over the UK. Assets prices may well rise due to the tax cuts and the average person will experience a more costly economy.
This is a totally legit concern - and one that I share as well.
Not sure how you showed up in my feed, but thanks for the interesting info! Now back to the algorithm I scroll...
@@tom1986ca I’m not sure either, but I’m glad I did! Thanks for the comment and for watching! I hope our algorithmic paths cross again!
Well buyer’s agent paid by seller’s commissions. So I don’t know what are you talking about.
Should I buy a house now? I don’t really need it, but I have an opportunity to buy a small manufactured home for about $125,000 on a half acre at about 5% interest rate on the Rio Grande in northern NM. I’ll live in it for a year and do some minor upgrades then I could rent it out as a vacation rental in 2026.
Great question! It sounds like you have a buy-and-hold mindset about the property. Historically, it's hard to lose when you hold a property for 10+ years. I suspect the value is truly in the land as manufactured homes often depreciate in value over time. But, if it's a good deal and you have the means, I generally encourage going for it! I'd be happy to talk through the particulars - shoot me an email: hello@diyhomebuyeracademy.com
I like many of the points you made!
Some other points I'd like to add.
If immigrants are in fact deported in large numbers, then the homes they currently occupy will also be freed up.
A recession is a 70% chance by some estimates. If unemployment goes up and layoffs happen regardless of what Trump does, then foreclosures can start to make an impact on inventory.
Demographics are also currently changing, with slower population growth that is yet to be realized.
The mass deportations are of the ones living in large cities in motels ( the same people that New York governor cut access to their ebt cards) the vast majority of the people don’t have homes
This is a thoughtful comment. Thank you! As someone else said, I don’t think deportations will lead to a proportional increase in available homes for sale. It’s probably the hospitality industry and owners of multi-family properties that will be most impacted. Good point about the dynamic nature of demographics though! That’s partly what makes these predictions so difficult.
I agree with you. Deportation won’t lead to an automatic increase of available homes for sale.
@@jasoncardoza6375people also don’t realize that it’s very expensive to deport people (about $10,000 per person-assuming they don’t require a long flight), so it’s probably not going to be the mass exodus that people are expecting unless this new government is extraordinarily stupid with spending
And the cost of building new homes…will just get exponentially worse with a mass deportation. How you going to get to 4 million homes deporting your labor force?