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Apr 18, 2023
8:10
:50
am
Nat Gas Man
Intervention Needed
This is why I always figure net worth with and without RE. It should include RE
After living through multiple crashes it can go down very quickly and significantly
This is true for all investments but since RE is where the bulk of the country’s wealth lies I only separate out it and not stocks
This message has been modified
Originally posted on Apr 18, 2023 at 8:10:50am
Message modified by Nat Gas Man on Apr 18, 2023 at 8:27:54am
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Nat Gas Man
Previous username
TXSmith
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Nat Gas Man
Joined
Apr 28, 2010
Last login
Aug 23, 2023
Total posts
53,749 (638 FO)
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Messages
Author
Time
Ogden Utah is quietly leading the nation in home ownership and homeowner wealth
OU Cougar
4/18/23 7:55am
So happy for our Aggie friends!
DirtyWater
4/18/23 7:56am
Quietly? Are there cities that are loud about home ownership?
Cougz19
4/18/23 8:02am
Well “it’s a wonderful life” seemed to make the point it’s a good thing
OU Cougar
4/18/23 8:05am
The paper gains between 2020 and 2023 will be lost in the next few years
chismoso
4/18/23 8:05am
We're not going back to 2020 prices
machete
4/18/23 8:08am
I agree. They will go back to 2019 prices
chismoso
4/18/23 8:09am
This is why I always figure net worth with and without RE. It should include RE
Nat Gas Man
4/18/23 8:10am
Cyclical changes arent an if situation but a when. Claims that historic highs
chismoso
4/18/23 8:18am
Claims they will drop 40% from where we are are also naive at best
machete
4/18/23 8:21am
Depends on the location. But ya if someone got a 40% increase in 2 years
chismoso
4/18/23 8:27am
They will not lose it all, is my point. That would be going back to 2019
machete
4/18/23 8:45am
In certain markets people will lose all the gains from 2019
chismoso
4/18/23 8:56am
Fun Fact: if prices rise 40%, they only have to drop 29% to revert back.
rad dawg
4/18/23 9:01am
Fun fact:29% is a big number, especially considering prices have already dropped
machete
4/18/23 9:15am
Downtown York, PA is something like 80% rental properties. Building a community
Iman23
4/18/23 8:08am
I know a realtor who bought a couple investment properties in Ogden. She regrets
oohYeah
4/18/23 8:14am
I mean.....either it's a legal triplex or it's not. She should've have
byubyu
4/18/23 8:27am
City ordinances change, rental restrictions in Utah are a pain in the butt
kotacoug
4/18/23 8:31am
These are all true, but very unlikely a tri plex is ever legal unless in a
johnnybyu
4/18/23 8:33am
Good to hear. RE Investors are a plague on communities.
OPINIONS
4/18/23 9:38am
Ogden City over the course of twenty years has slowly been gentrifying the downtown area. One of the ways they've
DJROSS
4/18/23 9:11am
Probably because few people want to buy houses for AirBnB in Ogden. So normal
IrishBlue
4/18/23 8:47am
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