As you know, as part of the PhREI network, we decided to start a weekly roundup to share new activity from across the network. Enjoy!
Carpe Diem MD
Ian Cook of CarpeDiem MD states the obvious, that “the rapid increase in mortgage rates is having a dramatic impact on markets, especially for second home/vacation markets.”
But, what’s less obvious are the things to consider during these times (which he explains in great detail):
- Rising mortgage rates will depress purchasing power;
- Lower property values are a good thing if you’re looking to buy;
- High gas prices impact everything;
- Inflation; and
- Know your market.
5 Things to Consider During Uncertain Times
The Darwinian Doctor
Daniel Shin of the Darwinian Doctor switches things up with a satire post – hilarious! I don’t want to give too much away, so I’ll give the main point: it’s a conversation between a hospital CEO and his right-hand about home call. Worth reading!
The Prudent Plastic Surgeon
A pretty commonly asked question that I get is “should I turn my home into a rental property?”
I recently had a friend ask me this very question, so I figure it’s a perfect time to answer it! What do you think?
Should You Turn Your Home Into a Rental Property?