April 29, 2024 9:03 a.m. | 2 minutes of reading |
27% profit every 20 days?
This is Nic Chahine’s average with his options purchases. Do not sell calls or covered spreads… BUY options. Most traders don’t even have a 27% winning percentage when buying options. He has a win rate of 83%. Here’s how he does it.
Miami’s real estate market is booming, with prices doubling since 2018.
This rapid rise is part of a broader trend across the country, but it has been particularly pronounced in Florida. Experts point to investor interest and urban development projects as one of the reasons Miami’s real estate market is booming.
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Other markets where housing prices have doubled since 2018 include Tampa, Florida; Baltimore, Maryland; and Spokane, Washington.
Although the surge in prices has been a boon for some, it has made it more difficult for middle-income families to buy a home in the city.
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“It’s unaffordable for people to own a home today,” real estate mogul Grant Cardone told Fox Business in December.
Cardone accuses the Federal Reserve of killing the housing market with interest rate hikes.
“He (Fed Chairman Jerome Powell) has not controlled inflation,” Cardone said. “He failed miserably. What he did was create, and in the meantime stop, the housing sector.”
Nationally, prices have doubled in less than 10 years in 68 of the country’s 100 largest cities, according to a Point2 report. Over the past decade, the average home price in the United States has climbed from about $200,000 to $400,000. This dramatic rise is fueled by a perfect combination of factors: inflation, a limited supply of housing, and skyrocketing demand.
Tendency :
The situation is even more egregious in cities like Detroit, where as recently as 2019 you could buy a home for $40,000, half of what homes currently cost.
US cities where median housing prices doubled fastest
| Detroit | 4.9 years |
| Spokane, Washington | 5.9 years |
| Tampa, Florida | 6 years |
| Miami | 6 years |
| Baltimore, Maryland | 6.1 years |
| Scottsdale, Arizona | 6.2 years |
| Buffalo, New York | 6.4 years |
| St. Petersburg, Florida | 6.6 years |
| Jersey City, New Jersey | 6.8 years |
| Phoenix | 6.8 years |
| Gilbert, Arizona | 6.8 years |
| Mesa, Arizona | 6.9 years |
| Cleveland | 6.9 years |
| Charlotte, North Carolina | 7 years |
| North Las Vegas, Nevada | 7 years |
| Chandler, Arizona | 7 years |
| Cincinnati | 7 years |
| Boise, Idaho | 7.1 years |
| Milwaukee | 7.1 years |
| Tucson, Arizona | 7.1 years |
Home price increases have been least dramatic in Anchorage, Alaska, where it took more than 21 years to rise from $179,600 in 2003 to $359,200 today. It took seven other cities more than 19 years for housing prices to double: urban Honolulu; Washington DC; Corpus Christi, TX; Brooklyn, New York; and Arlington, Chesapeake and Virginia Beach in Virginia.
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27% profit every 20 days?
This is Nic Chahine’s average with his options purchases. Do not sell calls or covered spreads… BUY options. Most traders don’t even have a 27% winning percentage when buying options. He has a win rate of 83%. Here’s how he does it.
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