/biz/ - Business & Finance

Depends where you are, OP

>>1032498
Delaware

Bump

>>1032495
Housing is flat right now, and with interest rate hikes it's not a good idea.

>>1032573
Interest rake hikes make it the best time.

>>1032573
https://www.washingtonpost.com/realestate/a-look-at-the-trends-that-will-impact-the-financial-stakes-in-housing/2016/01/06/44de14ce-9d16-11e5-a3c5-c77f2cc5a43c_story.html

>>1032615
What was the point of that?

>>1032495

If you don't want the hit or miss lifestyle of sales, real estate appraisal (especially commercial) brings in great money. Generally it is either/or though as you can't have an active sales license while appraising or vice versa due to conflict of interests. I'm pretty sure you need a bachelors (in any subject) as a minimum however.

>>1032606
But fundamentally prices are bubbled. In a regular real estate market matching job parity a 1200sq ft 3 bedroom home should be less than 400k, but if you look at natl averages they're well above that in many areas. So even though lending and interest rates aren't a problem prices are.

>>1032728
Prices are rising because of the market. Fixed mortgage rates are unlikely to stay below 4 percent for much longer, but they don’t appear set to rise sharply either. Plus it's easier for first time home buyers to get a home. The only bad thing is low inventory. But that should change once sellers realize the price they can get for their home.

>>1032784
but eventually you reach a point where you're simply priced out of the market as a buyer and you choose to rent. You're only looking at this from a seller's perspective.

>>1032787
But then again rent prices are increasing. What's cheaper? A $300,000 house with a 30 year fixed at 4% or paying on average $1225/mo rent?

>>1032495

Guys,

I've been selling stuff since the day I came out of the womb.

I have a job that pays well, but I feel like my god given skill, is not being fairly compensated.

I'm a big fish in a little pond, and I've gotten too big for this pond.

What do I need to start selling real estate? What does it take to get a license to sell? Do I need to go to school, or do I just take some pen and paper test?

you ask me they should give you an apartment in a project somewhere and when you sell it, they give you a license,

>>1032793
But you can't walk away from a mortgage. if you miss a payment you have to sell.

>>1032806

So? If you walk away, you lose all equity in the home- if you had been renting, you have 0 equity the whole time

>>1032806
Walking away from a mortgage is called a short sale or foreclosure. People do it all the time.

>>1032495
>>1032798
Its like easier than a GED just go do it

>>1032831
Yeah, but that's not ideal and it's not better than renting, especially if the housing bubble pops and you're underwater for 150+k.

>>1032876
No shit it's not ideal. Renting is for people that can't handle the responsibility of a mortgage or that want the flexibility of being able to move each year.

>>1032864

Ok that's a wrap anon.

Thank you.

Gonna go get my license, go door to door in wealthy neighbourhoods, preach the impending real estate collapse, bubble, with a notebook full of comps and get myself some clients,

>>1033206
I don't think you have to go door to door anymore. But good luck. It's a hustle but it's worth it.

>>1033206
When you go for your license, many different companies will scout you. That's what happened to me. I think 3 or 4 companies scouted me and I was going to choose one but I didn't go through with the course like I should have.

Good news. I can go back in July. Gonna finally do it this time.