New data on Boise housing market

I agree. Phoenix is one of the poster children for a crash and they are seeing some softness. Longer DOM ( days on market) and climbing inventory. You always need to be a little extra careful with Condos. Hoa fees can climb if they get too many foreclosures in the complex. The mortgage isn’t the only thing struggling homeowners don’t pay in tough times. They also skip HOA fees which leads to the remaining homeowners having to pick up the slack and to common areas not being maintained. I own an investment condo, so I’m not saying dont do it, just be careful. At minimum check for pending lawsuits involving the HOA and check percent of units that are non owner occupied. I admit to losing out on some great condo deals because of my pre disposition to being against them.

I am young, so right now my mindset is on a very diversified property portfolio with heavy cash flow to continue to build. Cash Flow to fund growth. I am lucky enough to have a job that takes care of the family and funds all this as well. I re-assess every year, but in 5 years I will switch it up a bit and try to gear more towards building for retirement.

Nice. Good to see someone with a plan. I started off with Single Family Residences And 1-4 units . Thinking back, I should have bought more commercial properties. Sadly my crystal ball was broken and I didn’t know renter protection policies would become such a cluster fuck . My commercial properties are the crown jewel of my portfolio. Bigger rents, cash flow and great appreciation. Don’t sleep on small balance commercial property opportunities. Buy one property a year if you can and the market permits.

I don’t follow that market, sorry. Buy I will keep an eye out for data in that area and share as I come across it. coincidentally, about a year ago, my neighbor sold their house and moved there too.

My neighbors moved there from Orange County. Hard core MAGA s to reinforce the troops.

The problem is that the left is watching. They are culling the conservatives out to specific areas in these states that are close enough to the city to redistrict and silence these areas and they are quietly taking over the states. This is a battleground for them and they are winning. Franklin, like many others, has a quaint little downtown, with a cool layout, it really draws you in. BUT, it is quaint. It cannot support the growth that the area is seeing. What draws the people in is soon lost. For every MAGA moving out there is a liberal who is also moving there who wants to retire from their job at the marketing firm and open a used book store or a cat rescue. Everyone wants to live like Yellowstone.

Some really good posts you guys and something interesting that pops out is the weekly rise of unemployment insurance claims has moved higher in recent months after holding close to the 55 year low level for quite a while.

What’s unusual this time around is employers are reluctant to layoff staff people due to the shortage of available workers despite slowing business activity.

The job openings and labor turnover survey show people quitting their jobs have confidence of taking new jobs with increased pay. Employers now are retaining productive workers.

Payroll growth is easing despite a very low unemployment rate. You would think there will be a moderation of monetary policy tightening in the coming months. Right now there is a yield inversion on the 10 year treasury versus the Fed funds rate. The 10 yr a round 3.50% give or take and the FF 4.50%. It will be difficult to avoid a recession hopefully it will be mild if it happens.

I really believe that our government is behind the "quit your job" movement right now. Glassdoor and other websites that list your job's worth are no doubt in concert with our government and have access to data that is not publicly available.

Salary increase = tax increase.

Good post. Agree.