🏡 Housing Market Update Q3 2024

[@manuescritos380]

Great information 👍 and good work ! Thanks

[@MichelKmiotek]

@@manuescritos380 thanks 🙏👍

[@VictorBrichaut]

Well done. I appreciate the work!

[@MichelKmiotek]

@@VictorBrichaut My pleasure

[@mikedonovan9783]

Thx

[@redSTORM_]

Thanks for your video! 🎉

[@MichelKmiotek]

@@redSTORM_ Hope it helps

[@amilsoni8205]

Great video! Would like to hear your opinion in todays market is it worth buying example 2bed property to invest & rent it out? Considering today interest rate at 3.5%, meaning in you will have negative cash-flows for good few years until rates decline or you repay loan quicker.

[@MichelKmiotek]

If there is significant down payment to reduce the monthly payments so you are able to receive some earnings would be favorable. It would be unwise to over leverage yourself and play a game of chicken with rent versus monthly mortgage payment. The moment your renter stops paying you're in trouble. Better to have wiggle room and receive some income from the risk your taking, than hoping the market will lower interest and appreciate quickly. Those are big unknowns nobody can foresee.

[@amilsoni8205]

@@MichelKmiotek good advice 👍