Unfortunately, we are so far behind the curve that even if housing starts grow dramatically, we can't overcome the supply deficit for many years.
To be clear, that's the national situation. Every market is different, and luxury is not the same as the lower tiers of the market.
But when the macro trends are so strong, it's important to keep them in mind when making decisions.
These trends bode especially well for investment properties that are affordable for average income households. Whether you buy multi-family or single-family homes, it's reasonable to expect strong rents for many years to come.
To investigate income property, please click here.
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Most people think auctions are for unusual or distressed properties, and that they result in lower prices than fair market value.
It precludes people from considering an auction in the sale process, when in reality luxury auctions can get fair market value. Importantly, they end on a specific date so the sale isn't open-ended.
Sometimes, auctions result in prices well over fair market value.
If you'd like to investigate selling your home at auction, or buying, please reply to this email or call me at (480) 442-7325.
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Santa Barbara style home at an incredible price, please click here for the details.