π 5 Tweet Sunday π - Best real estate tweets of the week
π 5 Tweet Sunday π
My month long Mexico City journey is almost over. Time flies. I fed into the US propaganda about Mexico being dangerous, until I got to my Airbnb in Condesa. Everyone down here drives a Mercedes and wears designer clothes. Danger is more exciting. This girl almost convinced me to go to Tepito yesterday. Tepito is basically a giant swap meet run by the notorious La Union Tepito cartel. After like 5 locals told me visiting Tepito was a terrible idea, I decided not to go. I am what I am. A tourist in a strange land.
Letβs get to it:
#1 π
RIP Phoenix and the value of my house. Some of the fastest appreciating markets of the last few years are now some of the hardest hit.
#2 π
I think it makes a lot of sense to buy in tertiary markets. Not as many saavy investors invest in those markets. This makes it easier to take advantage of pricing inefficiencies. Good not to have to bid against 10 other investors on a property.
#3 π
This is an example of the last tweet on tertiary markets. It looks like a ton of houses are being built on the outskirts of the Dallas Fort Worth area.
#4 π
βHistory doesnβt repeat itself, but it often rhymes.β Mark Twain may or may not have said this. But the quote is attributed to him.
#5 π
Fear, uncertainty, and doubt got me a great deal on my primary home in Phoenix a few years ago. Someone else bought the house before me, but they backed out at the last minute. Covid gave them cold feet. I was able to get the house under contract for $10k less then what they bought it for.
REFER A FRIEND AND IβLL VENMO YOU $2. 5 REFERRALS GETS YOU $15!!!