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Should you rent a home all by one in the current market of course depends which market you're talking about what we're gonna treat today.
-- method of Yankee is witness lied and in person sitting next in the -- in New York.
She does business the real estate business in South Florida but she's in New York today I want to ask you about renting.
All buying specifically.
In South Florida you cover the markets -- Miami up to move up formal denial about it that's in America Miami and for a lot Cronkite in you'll marketplace.
If I'm out -- on the family you know -- want to kids etc.
I'm down that.
Should -- buy or rent.
You should buy.
And all the signs point to Bok however rate now in South Florida we have this lack of inventory.
At the time of buyers ready to go all praising his million dollar price related wait a minute wait -- that you're in South Florida and you don't have enough homes not to satisfy the demand of behind us.
That's of completely clueless on the hour we've been used to correct but as he said before there's a ton of people who are listing right now ton of people are so underwater.
So they're just sitting tight until things change.
Prices are increasing.
So that's positive would that change fast if you -- under water wouldn't take much of a price increase to get to a ball -- back again wouldn't -- -- -- let's just say I just recently sold the home.
A town from 950000.
The original buyer.
You did that's the seller the original buyers bought it -- one point sat.
So they've gone from one point 7950 I fifteen my clients are -- They've lost at a shows based wasn't distress -- it's just walked away so in that market in the South Florida market you'll recommendation would be buying if you can if you can because you get your money back when you account for all the costs of buying and and -- One gets only six years that's it well that's of initial period of time OK now switch markets.
What about if you in say California near Silicon Valley.
And -- San Jose for example we would just make the same equation that would you blind -- -- Com there it's taking about eight years to -- even so it might make more sense to rents at that point in last -- ready to.
Tires soft operate as a huge demands for better for worse is a long term commitment -- -- -- -- -- Interest now -- the house.
Method about a temporary stimulus which -- subject isn't it okay I think is -- -- wants move on so and I think.
In San Jose to buy a home I'd stay -- -- for eight years.
That's it atheist you he had commitment well -- Has business in South Florida agency should be booming.
This is booming except for the fact that.
With the lack of inventory people have to resort back to rent is and no price range -- mean all price changes I have clients in the million dollar price -- do you and it hurts that hurts me you need to -- I can't find a Condo in South Florida or 15200000.
Dollars -- just -- you.
And but -- pull the trigger fast.
Again if you find your true love you pulled the trigger.
Because there's plenty of other people are ready to go out and they're paying cash.
-- to -- -- welcome to New York what a pleasure -- was even discussing marriage and renting and buying and commitment very interesting stuff.
Some of the things.
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