well... when people keep on pushing "every time is a good time to buy" well how many people can own a 1+ million dollar home when you qualified for $600,000?? I'm getting real tired of this naive gas lighting statement
Love your content, just a small request. From time to time can you try to bring on some professionals that know the Midwest/ Rustbelt market. I've learned a ton from your channel, but would love to hear from some big money makers in flyover country. (Obviously I'm in the rustbelt that's why I ask)
The most speculative markets e.g. FL, TX, CA, AZ, NV who appreciated the most will correct the most. More stable markets like NY, NJ, MA will correct but not as much. Time will tell!
@@jarydregner4044 I’m in NJ also, moved here not long ago because my girl wanted to be closer to her family, told her it’s a bad idea. It’s like living in a joke, we’ve been looking for a house for about a year now and keep getting outbid. 2 bedroom homes going for 300k+ 😂 aye at least the pizza is good I guess, only real pro to this place I’ve found.
The increase of interest rate alone may not form enough headwind for the market to downturn but combining it with layoffs will be a totally different story. The fear of being laid off will scare most buyers out of the market.
Can you evaluate spots that maybe will NOT get hit by the crash, or at least maybe hit the least? I ask for the people that might be looking for good deals in these markets but not sure what to expect. Areas I am referencing DC/Baltimore/Virginia and other similar markets.
How are landlords dealing with people not having to pay their rent? Also how high can rent go and landlord will still get paid? Most people can't afford it now, let alone going up more.
There’s no protections anymore in a lot of states. Landlords should always serve eviction papers on first possible day allowed per the rental contract and regulations in their state. Don’t sign the line if you can’t pay. Someone else will
@@notyouraveragejoe4865 So landlords have to eat the payments and watch their property be destroyed? This is why I don't see the potential in rentals like there used to be. Maybe more of the weekend or vacation rentals, seems more safe.
@@alittleofthisandthat8003 most tenants do not destroy properties. Tenants that don’t pay can be added to a database for future LLs to review before leasing. Being a LL is running a business. Not getting paid sometimes is apart of running a business. How you handle that makes or breaks your business. You don’t appear to be an LL based on your comments.
I feel like everyone here wants to only hear the housing market goes up forever. Specially because Real Estate investors are typically over leveraged. It's not only the price cuts many paid 50k-100k+ over what the house is worth. If people are not willing to pay over asking they are already out 50-100k because now people are only paying near the actual homes worth. The extra 50-100k didn't go to pay down equity it was an over payment to intice the seller to accept there offer. If you buy a home just to be underwater for many years why even buy? The only choice is live there 15+ years ? That is Terrible.
If a house has 26 offers all at once, are you asking enough? How can you tell if your asking price is optimal? How could you ever prove it wasn’t optimal even with 26 offers? Also, don’t EVER assume that a RE agent is looking out for you, the conflict of interest is just far too great, there are simply ZERO human beings who are going to prioritize your best interest over their own, this type of human altruism would simply be ridiculous all things considered. Expect perhaps a tiny amount of loyalty, but only up to that point which becomes a debt or burden past what might be considered as a matter of perspective “reasonable.”
1. For my next rental refinance, I’m choosing a 5/1 ARM. 2. I believe within 5 years, new national leadership will unleash America’s tremendous energy production & economic potential. 3. This will serve to arrest & stabilize inflation & interest rates.
when people are unable to pay those high rents then they will default and likely trash those apartments. The economy is tanking so the next ugly stuff is rolling back like 2008.
David, in the long run, do you foresee rents going way down in the future once our population starts declining as boomers start to die off and millenials/gen z have less kids, and we have several 3D Printing Home Companies producing a bunch of inventory?
Good advise about buying a little high price home. Thanks for putting Kyke Renke. Months ago I was looking in the Sacramento and surrounding area. Now I have a contact
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well... when people keep on pushing "every time is a good time to buy" well how many people can own a 1+ million dollar home when you qualified for $600,000??
I'm getting real tired of this naive gas lighting statement
Love your content, just a small request. From time to time can you try to bring on some professionals that know the Midwest/ Rustbelt market. I've learned a ton from your channel, but would love to hear from some big money makers in flyover country. (Obviously I'm in the rustbelt that's why I ask)
The most speculative markets e.g. FL, TX, CA, AZ, NV who appreciated the most will correct the most. More stable markets like NY, NJ, MA will correct but not as much. Time will tell!
Texas is not speculative. Maybe Austin.
@@HappyPenguin75034 North Dallas is crazy speculative.
@@LajitasRain prices are going up. But how do you know it’s speculative.
NJ boy here. It’s calming down but certainly very staple. Still a sellers market in many areas.
@@jarydregner4044 I’m in NJ also, moved here not long ago because my girl wanted to be closer to her family, told her it’s a bad idea. It’s like living in a joke, we’ve been looking for a house for about a year now and keep getting outbid. 2 bedroom homes going for 300k+ 😂 aye at least the pizza is good I guess, only real pro to this place I’ve found.
the place where I leave, people are actually bidding for a home. Huge demand and low supply, any advice?
I seen rental inventory building in the Palm Beach Country area, and rates dropping as well. Still elevated, but trending downwards.
Great content. Perfect timing. Thank you
Great stuff! Thank you!
Great info fellas! I own a home in the Sacramento/Natomas area and have been thinking about a second property. Thank you for the tips!
It’s sad the , rental markets getting price gouge , Zillow estimates 2500 rents and listed at 3000 .. kinda sad , plus you’ll probably get bad tenants
Above or below list means nothing now. What is list? Just a random number, comps mean nothing.
The increase of interest rate alone may not form enough headwind for the market to downturn but combining it with layoffs will be a totally different story. The fear of being laid off will scare most buyers out of the market.
short term bnb with fha? i dont think so...
House hack
@@stevend481 you cant do str with fha, all i am saying
Can you evaluate spots that maybe will NOT get hit by the crash, or at least maybe hit the least? I ask for the people that might be looking for good deals in these markets but not sure what to expect. Areas I am referencing DC/Baltimore/Virginia and other similar markets.
Aaaalpp
The lower the housing prices, the more it’s immune to a housing crash. Lower priced houses are less sensitive to higher interest rates.
Can't wait for the price cuts
I wonder when is not a good time to buy a home.
Lol , when you are living there less than two years.
Awesome content...thanks for sharing!
Love taking advice from someone who is debt free!
How are landlords dealing with people not having to pay their rent? Also how high can rent go and landlord will still get paid? Most people can't afford it now, let alone going up more.
There’s no protections anymore in a lot of states. Landlords should always serve eviction papers on first possible day allowed per the rental contract and regulations in their state. Don’t sign the line if you can’t pay. Someone else will
@@notyouraveragejoe4865 So landlords have to eat the payments and watch their property be destroyed? This is why I don't see the potential in rentals like there used to be. Maybe more of the weekend or vacation rentals, seems more safe.
@@alittleofthisandthat8003 most tenants do not destroy properties. Tenants that don’t pay can be added to a database for future LLs to review before leasing. Being a LL is running a business. Not getting paid sometimes is apart of running a business. How you handle that makes or breaks your business. You don’t appear to be an LL based on your comments.
I feel like everyone here wants to only hear the housing market goes up forever. Specially because Real Estate investors are typically over leveraged. It's not only the price cuts many paid 50k-100k+ over what the house is worth. If people are not willing to pay over asking they are already out 50-100k because now people are only paying near the actual homes worth. The extra 50-100k didn't go to pay down equity it was an over payment to intice the seller to accept there offer. If you buy a home just to be underwater for many years why even buy? The only choice is live there 15+ years ? That is Terrible.
If a house has 26 offers all at once, are you asking enough? How can you tell if your asking price is optimal? How could you ever prove it wasn’t optimal even with 26 offers? Also, don’t EVER assume that a RE agent is looking out for you, the conflict of interest is just far too great, there are simply ZERO human beings who are going to prioritize your best interest over their own, this type of human altruism would simply be ridiculous all things considered. Expect perhaps a tiny amount of loyalty, but only up to that point which becomes a debt or burden past what might be considered as a matter of perspective “reasonable.”
With the population increasing and millions walking across the border people have to have housing .
1. For my next rental refinance, I’m choosing a 5/1 ARM.
2. I believe within 5 years, new national leadership will unleash America’s tremendous energy production & economic potential.
3. This will serve to arrest & stabilize inflation & interest rates.
I’ve been thinking 5/1 arm or 7/1 arm for my next investment property. People think I’m out of my mind
We don't like the ARM because of the uncertainty in the mortgage payment and the balloon payments.
@@ComputerGUY27332 I like it in this current time.
@@lifeisgreat1718 People thought I was out of my mind by sticking forks in my eyeball. Whose laughing now?
Wow, I admire your optimism.
when people are unable to pay those high rents then they will default and likely trash those apartments. The economy is tanking so the next ugly stuff is rolling back like 2008.
David, in the long run, do you foresee rents going way down in the future once our population starts declining as boomers start to die off and millenials/gen z have less kids, and we have several 3D Printing Home Companies producing a bunch of inventory?
3D printing of homes isn't the magic bullet it's purported to be just as retail 3D wasn't. It's a niche solution and very new technology.
People have been predicting the boomer real estate meltdown forever, Boomers are 58 to 77 years old, big range.
Incredibly biased man. Let's be real dude - great time to buy? lol
Have fun in a low supply, high demand market… he lost me at that point.
DO NOT BUY HOUSE NOW.
First
Good advise about buying a little high price home. Thanks for putting Kyke Renke. Months ago I was looking in the Sacramento and surrounding area. Now I have a contact
SUCCESS.activasion.