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relative buying land left and right waiting for interest rate reduction

Telugodura456

By Telugodura456
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FrustratedVuncle Hero

FrustratedVuncle

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21 hours ago, Telugodura456 said:

In dallas area. Logic is preparing for demand surge when  interest rates reduce anta.

sound logic or risky one ?

Is he buying new homes?

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Konebhar6 Celebrity

Konebhar6

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Posted
8 hours ago, Telugodura456 said:

exactly - hpw do you manage all the financing costs, monthly emis while waiting for price to increase. he says he is selling his property in india. Koncham dare kaavali ..whether it is foolish or pays off we will know soon.

Reminds me of a tella coleague who bought 7 houses during 2004-7. Took out equity from each house and invested in the next one. Eventually in 2009 foreclosed all homes.

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