In a recent speech you talked about rentvest (renting your luxury house and condo but investing in cashflow in Florida?)
In a recent speech you talked about rentvest (renting your luxury house and condo but investing in cashflow in Florida?) I didn’t see it in Ozbuzz.
We covered rentvest on video at jurockvideo on YouTube. Yes, we had videos on buying condos in Texas and houses in Florida ($275,000 with a pool) at youtube.com/jurockvideo. Luxury condos/ houses: Well, Sotheby’s says that luxury condominiums are growing in inventory. In fact the now lower prices and falling interest may be a buyer’s opportunity according to Sotheby’s. (Jan 15). They call luxury condos a buyer’s market due to accumulation of available inventory and downward pressure on prices. Vancouver also saw a 15-per-cent decline in detached home sales above $4 million, to 264 sales. The report said of Vancouver. “Sales activity ( in luxury real estate) remained relatively slack throughout the year as buyers, particularly move-up buyers in the entry-level top-tier market, remained cautious, prioritizing affordability amidst economic uncertainty and elevated mortgage rates.”