Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighbourhood that cost around $450k in sales in 2019 are now going for $800 to $950k. Every seller in my neighbourhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Soon, cheap homes won't be cheap anymore because prices today will look like dips tomorrow. I think inflation will cause panic until the Fed tightens its grip even more. You can't just pull the band-aid Off half way. Booms and busts are the ups and downs of the economy, and they will affect any investments. If you are at a crossroads or need honest advice on the best steps to take right now, it is best to get counsel from a financial expert.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Wendy Hubbard Stewart for helping me achieve this
What I've found as a snowbird who travels across southern US in winters (including Florida and Texas) Arizona Bnb prices and availability each winter since 2020 has gotten MUCH worse each winter. Prices have gone up a lot and availabilities have gone wayyyy down. It's the toughest market to find Bnb accommodations by far these days compared to anywhere in Texas or Florida 😰
Great content as always. For the younger person considering retirement, talk to your financial advisor about putting those $200-$1000 into a IUL or Roth IRA. Separately, when you all talk about NYC RE Market is that the Tri-State or 5 Boroughs? 🤔
Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires, thanks Brooke Grace Miller
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
Same, I met Elizabeth stark last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Elizabeth stark
I’m here in FL too. Bought long enough ago that there is enough equity to have options and rent had gone up enough to barely keep up. Any future buying will be elsewhere. Considering Tennessee but they are having prices spike too.
Crash or no crash, when everything is pushing ATH, it's time to start trimming some of the fat and increase dry powder. looking at the growth projections of 7-figure portfolio I can't tell where the market is headed, Do i hold on or perhaps I should just sell off assets and avoid the panic?
Such uncertainties are the reasons I don’t base my judgement on a ''heresay'' , 2020 had me holding trash stocks, but thankfully revamp my portfolio through the aid of a pro before seeing significant gains. To date, I've scaled up nearly 320% ROI. it's been 4 years and counting. I and my advisor are working on a 7 figure ballpark goal and we're not far.
I've stuck with ‘’Sophia Irene Powell” for years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
31k new build forced air?? Ripped off bigly only 5 to 6 maybe cost. Wait not even new install including bends???? Furnace like 4k including ac exterior
@Grey-x2c not forced air. Radiant heat hydronic floors on 3 levels, boiler on a large home occupancy of 14 and in a ski resort area where everything costs more.
I am only at 18:12 so perhaps later in your podcast you will discuss the point I am about to make. You mention 600,ooo people have left NY and 900,000 jobs have left but you have not discussed who is leaving and what jobs are leaving. For example my understanding is NYC is attracting a lot of young workers who want the excitement the nightlife, restaurants, entertainment, and many of the inimitable things NYC has to offer. Is it possible that an primarily older demographic is leaving? If so, this would be a significant metric to change insider when deciding the future of NYC for real estate investment
@@zhenshan456 For young folks who come to NYC to begin their careers, there are jobs, income and entertainment. There is a reason NYC has shined and come back every time pundits predicted its end (at least 3 times during my lifetime). It is simply the greatest city on earth despite the challenges. You didn't ask but I thought you should know.
no when you have jobs drop you always have people leave and move to markets with jobs. Most people need to work until they are a lot older and those that dont need to work tend to stay put bc they are comfortable
I'm originally from California. I like both Phoenix and Vegas.... but Dallas Texas is on an entirely different level. I couldnt dream of living or investing anywhere else.
I think that building small, affordable homes can be a valuable product now and in the future, despite the general and continuing collapse of the economy in general. There will always be someone with enough money to buy a new home no matter what is going on in the economy. I will find the hottest areas of demand for SFRs in this country to ensure I can sell and make a profit (the accent would be on quality at lowest price possible... be willing to lower my profit margin in order to maintain a flow of sales). Research must be very detailed and thorough, and it is very much worth taking one's time with this to avoid an expensive mistake.
I am moving out of California to Columbus. Hot market. Surrounding areas also. I have a large 1031 that just started yesterday. Look at the schools. Upper Arlington has spectacular schools.
NYC rents don't go down, they go up. There is no new construction, the inventory is limited. Plus with the incoming immigrants who mostly rent, the inventory is shrinking. Our house, we bought here in 2016 was the best investment we did in our lifetime.
Of course if rents are up, I’ve found property is over priced. It’s been hard to find a market with good rental potential that isn’t already too expensive. Of course, I’m just probably just not doing it right….
Ken, for general numbers based on averages... how much % of rent should go to capex, and what % rent for maintenance? I'm guessing 8% for capex and 8% repairs?
So, apparently water supply is a myth, or non factor when investing? From the outside, it's difficult to understand the Southern Nevada/Southern Arizona housing market, as ot pertains to water supply.
Columbus is a mid-sized metro of about 2 million people, 900,000 live in city limits. Columbus annexed the surrounding communities making it larger in terms sq mileage. Columbus has issues with its population. Traffic, crime, and parking are becoming a huge issue in the city.
Over the past 20 years in Columbus OH influx of major employers and gentrification has changed such a large percentage of the inner city. inspired by the presence major employers OSU, Children's Hospital city, Amazon, Hollywood Casino, Intel, Meta, Tesla, Chase, Toyota etc what used to be "bad" parts are now good and upcoming. In addition Columbus trends as a relatively newer and cleaner city compared to many others.
Not necessarily because with continuation of dedollarization raises the cost of living higher inflation rates a faster outflow of wealth given the economy over 70% consumption
Thank you! Is it possible NYC numbers are not correct? If the city is receiving huge numbers of immigrants then that ought to be accounted for in the net number. Also please note NYC's home prices are not going down. And immigrants are not the ones buying them.
I believe the number of people is accurate. The units built we saw a little different data on different sites. Most immigrants are getting assistance so they should be recorded. People are leaving though bc there is no work compared ot people.
The government is only housing migrants in shelters and old hotels in NYC. This is having no effect on the housing market, particularly manhattan’s rental market. Rents are still on average very high and vacancy low on the higher end of the market. Suburban markets, such as those in New Jersey, have absorbed some population as well. Additionally, density has gone down as wealthy people are taking up more space
Where's Robbie Kyosaki? Why isn't he here to tell us that dollar bills are toilet paper? And why isn't he here to tell us that the stock market will crash 80% by October 2024? And why isn't he here to talk about Chihuahua's like he did with Ken just a few weeks ago? I love Robbie, he is such an inspiration, he is my favorite financial guru. Robbie is so amazing, I can't wait to sign up for his next $45,000 class. He makes me feel so good. I am looking forward to learning how to declare bankruptcy for my business, just like he did for his. He is so wonderful.
Why you guys never talk about Washington DC housing. What do you think will happen to DC after people are moving away from DC because of crime and work from home
Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighbourhood that cost around $450k in sales in 2019 are now going for $800 to $950k. Every seller in my neighbourhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Soon, cheap homes won't be cheap anymore because prices today will look like dips tomorrow. I think inflation will cause panic until the Fed tightens its grip even more. You can't just pull the band-aid Off half way. Booms and busts are the ups and downs of the economy, and they will affect any investments. If you are at a crossroads or need honest advice on the best steps to take right now, it is best to get counsel from a financial expert.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Her name is “Rebecca Nassar Dunne’” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Wendy Hubbard Stewart for helping me achieve this
I'm new at this, please how can I reach her?
she's mostly on Instagrams, using the user name
@Fxwendy12 ..that's it .
Please tell her that I reffed you 👍
She’ll guide you💯
If you found value in this video, please share it with just one person who you think would benefit. Your support means a lot
Good balanced audio. Super Glue the knobs where they are so it'll sound this good all the time.
When Ken asks Danielle to talk dirty she says "♾️ infinite return baby" 😂. Love u guys
Thank you very much
Invaluable knowledge in this video for someone just starting out.
Good details on this video. Good thorough advice for last person's question. Good work.
Yes graham! Please do video of your investments vs stocks!
What I've found as a snowbird who travels across southern US in winters (including Florida and Texas) Arizona Bnb prices and availability each winter since 2020 has gotten MUCH worse each winter. Prices have gone up a lot and availabilities have gone wayyyy down. It's the toughest market to find Bnb accommodations by far these days compared to anywhere in Texas or Florida 😰
Great info. Thanks
Great content as always. For the younger person considering retirement, talk to your financial advisor about putting those $200-$1000 into a IUL or Roth IRA.
Separately, when you all talk about NYC RE Market is that the Tri-State or 5 Boroughs? 🤔
Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires, thanks Brooke Grace Miller
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.
I'm surprised that you just mentioned and recommended Brooke Miller, I met her at a conference in 2018 and we have been working together ever since.
I'm new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
saw you lots of video every of them gives lots of values
Excellent data ! Thanks
Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️
I'm 37 and have been looking for ways to be successful, please how??
Sure, the investment-advisor that guides me is..
Elizabeth stark
Same, I met Elizabeth stark last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Elizabeth stark
Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!
Florida Insurance Rates after 2024!!! Strong consideration to move out after 24 years.
I’m here in FL too. Bought long enough ago that there is enough equity to have options and rent had gone up enough to barely keep up.
Any future buying will be elsewhere. Considering Tennessee but they are having prices spike too.
Crash or no crash, when everything is pushing ATH, it's time to start trimming some of the fat and increase dry powder. looking at the growth projections of 7-figure portfolio I can't tell where the market is headed, Do i hold on or perhaps I should just sell off assets and avoid the panic?
Don't sell everything, just raise some cash so you can go shopping if and when a correction or crash takes place.
Such uncertainties are the reasons I don’t base my judgement on a ''heresay'' , 2020 had me holding trash stocks, but thankfully revamp my portfolio through the aid of a pro before seeing significant gains. To date, I've scaled up nearly 320% ROI. it's been 4 years and counting. I and my advisor are working on a 7 figure ballpark goal and we're not far.
Your advisor must be really good. How I can get in touch? My portfolio's decline is a concern, and I could use some guidance.
I've stuck with ‘’Sophia Irene Powell” for years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
31,000 for our furnace earlier this year on an almost new build that was undersized. Capex is definitely real! Have reserves.
31k new build forced air?? Ripped off bigly only 5 to 6 maybe cost. Wait not even new install including bends????
Furnace like 4k including ac exterior
@Grey-x2c not forced air. Radiant heat hydronic floors on 3 levels, boiler on a large home occupancy of 14 and in a ski resort area where everything costs more.
@laurawardlaw7938 oo yes makes sense did that park city
I am only at 18:12 so perhaps later in your podcast you will discuss the point I am about to make. You mention 600,ooo people have left NY and 900,000 jobs have left but you have not discussed who is leaving and what jobs are leaving. For example my understanding is NYC is attracting a lot of young workers who want the excitement the nightlife, restaurants, entertainment, and many of the inimitable things NYC has to offer. Is it possible that an primarily older demographic is leaving? If so, this would be a significant metric to change insider when deciding the future of NYC for real estate investment
Could you do a bit of research, find out the answer to your question, and get back to us?
The key is jobs are leaving
no job no income no entertainment
@@zhenshan456 For young folks who come to NYC to begin their careers, there are jobs, income and entertainment. There is a reason NYC has shined and come back every time pundits predicted its end (at least 3 times during my lifetime). It is simply the greatest city on earth despite the challenges. You didn't ask but I thought you should know.
no when you have jobs drop you always have people leave and move to markets with jobs. Most people need to work until they are a lot older and those that dont need to work tend to stay put bc they are comfortable
I'm originally from California. I like both Phoenix and Vegas.... but Dallas Texas is on an entirely different level. I couldnt dream of living or investing anywhere else.
I think that building small, affordable homes can be a valuable product now and in the future, despite the general and continuing collapse of the economy in general. There will always be someone with enough money to buy a new home no matter what is going on in the economy. I will find the hottest areas of demand for SFRs in this country to ensure I can sell and make a profit (the accent would be on quality at lowest price possible... be willing to lower my profit margin in order to maintain a flow of sales). Research must be very detailed and thorough, and it is very much worth taking one's time with this to avoid an expensive mistake.
Absolutely agree. There is no difference if people come from Texas or Mexico
The cats 🐈 & dogs 🐶 😆
They have actually up’d the minimum wages in Seattle I believe again. I’m in Vancouver and ready for a change
I am moving out of California to Columbus. Hot market. Surrounding areas also. I have a large 1031 that just started yesterday. Look at the schools. Upper Arlington has spectacular schools.
where can I get to those charts I can take a look at them?
How about Orlando Florida ?
Chart at 30 minutes ppl migration vs added units us great.
Should I buy house now or wait , it is crazy market, house price high and interest is now, feel very disappointed
NYC rents don't go down, they go up. There is no new construction, the inventory is limited. Plus with the incoming immigrants who mostly rent, the inventory is shrinking. Our house, we bought here in 2016 was the best investment we did in our lifetime.
yes bc the government is renting units right now.
Of course if rents are up, I’ve found property is over priced. It’s been hard to find a market with good rental potential that isn’t already too expensive. Of course, I’m just probably just not doing it right….
Ken, for general numbers based on averages... how much % of rent should go to capex, and what % rent for maintenance?
I'm guessing 8% for capex and 8% repairs?
So, apparently water supply is a myth, or non factor when investing?
From the outside, it's difficult to understand the Southern Nevada/Southern Arizona housing market, as ot pertains to water supply.
hi Ken Danielle, thank you for the live. Are those metro selected is because you knew those better than other market? How about TX, FL and Carolinas?
we just picked a few to discuss. It really will depend on where in those states.
Columbus is a mid-sized metro of about 2 million people, 900,000 live in city limits. Columbus annexed the surrounding communities making it larger in terms sq mileage. Columbus has issues with its population. Traffic, crime, and parking are becoming a huge issue in the city.
America needs the business man not the politician.
What state are you referring to when you talk about Columbus?
Ohio
Over the past 20 years in Columbus OH influx of major employers and gentrification has changed such a large percentage of the inner city. inspired by the presence major employers OSU, Children's Hospital city, Amazon, Hollywood Casino, Intel, Meta, Tesla, Chase, Toyota etc what used to be "bad" parts are now good and upcoming. In addition Columbus trends as a relatively newer and cleaner city compared to many others.
Not necessarily because with continuation of dedollarization raises the cost of living higher inflation rates a faster outflow of wealth given the economy over 70% consumption
I’m trying to get away from where people are going not move to where people are going.
Thank you! Is it possible NYC numbers are not correct? If the city is receiving huge numbers of immigrants then that ought to be accounted for in the net number. Also please note NYC's home prices are not going down. And immigrants are not the ones buying them.
I believe the number of people is accurate. The units built we saw a little different data on different sites. Most immigrants are getting assistance so they should be recorded. People are leaving though bc there is no work compared ot people.
@@danilleelise624 Danille! Thank for answering! Yeah, it seems what is keeping NYC's prices from falling is a very low supply. Cheers!
Good content but way too many ads
youtube ads them. we dont
I dont see the source of thecdata like other presenters have. Maybe i missed it but when you say its facts yiu should have your source.
639
The government is only housing migrants in shelters and old hotels in NYC. This is having no effect on the housing market, particularly manhattan’s rental market. Rents are still on average very high and vacancy low on the higher end of the market. Suburban markets, such as those in New Jersey, have absorbed some population as well. Additionally, density has gone down as wealthy people are taking up more space
Where's Robbie Kyosaki? Why isn't he here to tell us that dollar bills are toilet paper? And why isn't he here to tell us that the stock market will crash 80% by October 2024? And why isn't he here to talk about Chihuahua's like he did with Ken just a few weeks ago? I love Robbie, he is such an inspiration, he is my favorite financial guru. Robbie is so amazing, I can't wait to sign up for his next $45,000 class. He makes me feel so good. I am looking forward to learning how to declare bankruptcy for my business, just like he did for his. He is so wonderful.
WHAT ABOUT WA
Why you guys never talk about Washington DC housing. What do you think will happen to DC after people are moving away from DC because of crime and work from home
we havent looked into that market and dont invest there as of now
When illegal immigration numbers are not included in the population numbers, how do you know what the population is, i.e. NY?
they usually calculate it based on voting, assistance, etc numbers.
Columbus is one of the cities with the worst air quality ratings in the USA.
Shes cute in her own way
This video should be 10 minutes or less.
Haven't you said rents will be flat over the next few years? Now you say growth? Ya ya ya, I know, hyper local.
Silicon Valley, CA is ridiculous......everything is over valued!