Loading ...It would be little more than that if you got a good price on the gold at 800. Never mind that. I can see the only way they could lower rent from the greed going on started from Wall Street is if they were sold. Rents rarely drop less there’s a good exodus from the area. In fact it seemed when the housing rush was going on rents were rising during a self perpetual buying frenzy for houses to get out of rentals.
As far as buying while they’re switching from tightening to easing to bail out the hedges Trump can’t control, locking in a lower price then as they lower the rates they can refi to lower payments and lock in lower payment on a the lower price which will also give them equity faster if already locked in. They would have to gauge the difference between the taxes at the new tax value reassessment despite buying it for less which would still probably be better for awhile. In California it matters unlike other states where they just change it, they can’t do that here unless something significant happened like adding rooms, a pool or something. It’s more restricted due to Prop 13 that passed when there was still more informed Americans than migrants freezing and limiting reasons to increase taxes. Like those who refied near the top pulling equity out a locking in a lower rate if they did they will get a new automatic tax reassessment which in California can be a pricy difference. Like I know someone who refied alyears before the top when it was picking up. His house went from 350 something to 500 and something and his taxes went up a couple thousand. Not a exact quote but estimates they didn’t expect. Their house was paid when they took a only small loan on it now they had a loan low interest but higher taxes. So it depends and where they are as far as safer areas will fill up faster than less or non safer areas but also more pricy. Getting rid of criminal illegals won’t help those areas much because it’s already in play and other areas where immigrants took over they had a bunch of kids and generations have gone by and can’t be deported where some stayed in crime groups others assimilated and California assimilated to a extent with each other depending on the areas whether good or bad. Like right now a family member gave me some Mexican tamales asking me if I would make them because there getting expensive and he wants them custom. Lol There a lot of work so told him I would teach someone but I’m retired. Lol You just don’t make a few of those for yourself with the time involved but anyways there’s pros and cons.