How to make $150k in a year

[LevelUP]

Housing prices are way up in my neighborhood.  30% increase in market price within the past 5 years.  Still, it's a sellers market and people are getting into bidding wars that push the prices up well past asking price.  The house prices are pushing the rental rates up and competition is high.  It's hard for younger people to break into the market without buying foreclosures.  I have no real knowledge of how this market will shift in the future but I don't know what could push prices back down again.

In 2020, many home builders got spooked by COVID and the high unemployment rate, so they pulled back on building homes, thinking demand would drop sharply.  The opposite happened, and now there is a short supply of housing in many areas.

Buying a foreclosure isn't a bad option considering it's mostly cosmetic repairs like paint, fixtures, and flooring. Some banks won't let you borrow if a home isn't in livable condition.