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A year later and a new president-elect. Where's everyone stand on real estate?
We purchased a home in February in a highly desirable neighborhood with the intention of making it right for the next owners in a relatively short period (<5 years). Between closing and real estate costs, we'll come ahead and be better off than if we rented here (wild market in this town). Closed on it pretty much immediately before the covid hype. Extremely speculative at this point given a potentially much different economic climate on the horizon, but I feel $/ft just keeps rising which puts us in a good spot as, effectively, house sitters.
From here, our next move has us more than likely purchasing acreage in a desirable area in the mountains near lakes for my parents to build their forever home on with our primary residence being a cookie-cutter 3/2 suburbia McNormal closer to work needs as a toss up on rent vs buy.
Trying to keep this politics-free, what are your ideas and moves going into 2021 for real estate investments?
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