Property Forecasts And Trends For 2020

By Ashley Lipman

Avoiding Politics, But Not Their Impact
These days politics are everywhere and they’re disgusting. But if we’re going to accurately report what the property forecast for 2020 is, it’s impossible to do so without at least briefly taking some potentialities into account. For example: the political fallout of an American election where the administration changes political hands.

The DNC and GOP have been in gridlock the last couple years, though the present administration has been able to demolish many barriers from their political opposition. Even though the present administration has dialed back regulations and issued a massive tax cut, in the first quarter of 2018, tax revenue was up $18 billion. Why?

Well, $468+ billion came back into the country owing to decreased taxation that year, increasing production and employment holdings. Increased production leads to increased jobs. Increased jobs lead to increased taxation. Additionally, more jobs mean more people. More people mean more living options in communities where factories and production returns.

Pragmatic Examination Of 2020 Markets
There have been a lot of partisan fears being screamed from many news agencies, but actual experts disagree on their assessment. Though they’re preaching doom and gloom for 2020, experts think the housing market is solid, and will remain so. However, in that same article, you’ll see there’s a shift from individual housing to community housing development.

Simultaneously, technology exponentially expands on itself at eighteen month intervals, and this has gotten to the point where houses can be “3D printed”. SmartHomes, smart security, 3D printing, the Internet of Things (IoT), drones—all these things are revitalizing construction. They’re reducing associated costs, expanding some levels of affordability.

Still, owing to the massive cost of basic housing today, many people are seeking non-traditional means of housing; thus “van life” and the tiny home movement. Many homeowners are seeking to sell their property, and either down-size or shuck property assets entire. Check out the following site for some more information on how much it will cost to sell a house.

Generally, you can expect around $20k in closing costs for an average property. Total costs will be determined by the commission of your real estate agent, and associated closing expenses. The agent’s fee will be largest; it’s going to be 1% to 10%. So on a $200k property, that’s $2k to $20k, plus another $1k to $3k in other closing taxes and fees.

On-Site Subletting
Another trend is going to involve on-site subletting. You can build a $10k tiny home in your backyard, put in a mailbox, use gravel for a driveway, hook up utilities, and rent the thing out for $1k a month. In ten months you cover your building costs, in a year you’re up $2k, in two years you’ve got $26k buying power, in ten you’ve got $120k buying power.

Cut out $20k for unknown expenses, you can turn a tiny home in the backyard into a lucrative Passive Income Generator, or PIG. Alternatively, instead of going this route, you could just buy your own land and build your own tiny home for very little money, cutting your monthly living costs, and allowing you to expand your asset portfolio.

Because housing costs are increasing, many people are going this route. However, owing to political shifts in modern economy, more people have more money; that trend is poised to increase. However, in November of 2020, whatever the trends are today could very well be turned upside-down.

What’s become trendy today is called being a “digital nomad”. Essentially, that’s where you make your living online, and travel around to varying places by day. Well, if you make your living online, you can choose the most cost-effective community in America as far as housing goes, and truly get the best deal. Many digital nomads are becoming stationary this way.

Making The Right Moves In 2020
To sum it all up, property markets actually look better than many news outlets report, so don’t trust any article at face value pertaining to the 2020 market. Look into multiple sources to get a good idea, because the current contentious political environment is shrouding reality for purposes of maintaining partisanship—on either side of the political fence.

Nomadic homeowners switching regions will likely increase, but housing availability should expand as wages go up while businesses return to the United States, technological building techniques cut construction expenses, and tax cuts expand. Sublet tiny homes and full-time tiny homes also represents a big trend of 2019 that’s likely to carry over and dominate 2020.

At the end of the day, there’s a lot of opportunities. Figure out your financial profile, and what your local market looks like. If you can play the digital nomad until you find the best place to live, that makes sense too.

Ashley Lipman

Content marketing specialist

Ashley Lipman is an award-winning writer who discovered her passion for providing knowledge to readers worldwide on topics closest to her heart – all things digital. Since her first high school award in Creative Writing, she continues to deliver awesome content through various niches touching the digital sphere.