Originally Posted by
NewGuy01
I was sincerely hoping E.J. would have answered that question. The Seattle area has an insane increase in value, even since I bought my home 2.5 years ago. Just looking at market fundamentals anyone working the last two years is making 22% less today than 2 years ago.
It’s no wonder that contract negotiations will be dragged out as long as possible. We are working for a huge discount.
I don’t feel like it’s fair to point at real estate gains in the PNW and suggest a second income from real estate, if you got your start 20 years ago. It’s actually going to be extremely difficult for any pilot hired this year to gain enough traction to even buy a home in any of our bases for the foreseeable future. Assuming they do not have a down payment already available. Not to mention income property.
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That's a very reasonable position to take, and I often times think the same way too.
However, taking the glass half full approach, I tell myself that there are multiple kids being born right now, into ordinary circumstances who will grow up, get into real estate, and do very well, just like many ordinary Americans have done for generations.
If that is true, then I also believe that people can get in, in our lifetime, and eventually do well.
It's never too late.