Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
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.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
My advisor is ‘’Catherine Morrison Evans’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
I feel that the last bull run was bolstered by all the money being printed. Major returns next bull run but I think they will be tamer in my humble opinion. A 10x on LVRCH CAPITAL and a 15x on polygon are fair considering how much those two coins are interwov
I think it depends what you want to FOMO into LVRCH CAPITAL . Some people's objective isn't to stack up on BTC, some people think we're just getting started because BTC dominance is only getting bigger mate. A greater opportunity awaits those that have different goals in mind.
My heart goes to the entire community for LVRCH CAPITAL building up something even my grandpa can understand. This is so smart by them to launch it to shatter the doubts and fears of the common folk which is not even correct to begin with. Everyone knows the state of inflation and recession now and the way out is already in progress. Now it's just about catching the big fish
Ive been a real estate broker for 6 years and been selling homes for 12 now. The market is jacked up. I am in my starter home and have wanted to sell for 4 years now but the inventory is trash or overpriced. Now full rehabs are the price of fully reahabed homes were 4 years ago. Now with rising interest rates and high prices I am definitely staying out. Only thing I would recommend buying is multi families now.
I’ve owned my home for many years. One thing’s for certain you will need a place to live. That place where you & your Family stay and lay is NOT AN INVESTMENT! Get out of that mindset.
@@livefromtheground7274 trust me I know. Bought it 7 years ago. Worked in govt taking tax foreclosed properties and understood that we never truly own our properties. Stop paying taxes and find out
I agree but to piggy back off mg mortgage ig post today. He was frustrated that new home owners who want bigger single family homes vs a starter home that fits there budget .. I'm in New Jersey. Starters homes in 400k range and need work done . Interest rates through roof. Property tax through roof. My job is in NJ.. I feel like I will end up like you trying to sell a property I overpaid and had to remodel
I disagree with this philosophy! You can accumulate wealth, but it is not always a good time to buy. Real estate is another form of investing, whether personal purchase, air bnb, income property, etc!
Yes. If you can easily afford the payment and HOLD - the “lower value” is only on paper. You only lock in losses when you sell the asset and cash out. I know this because I survived the 2008 crash. A true crash. First home was devalued by 2/3. However, I still have that property now as a profitable rental w/ good equity to boot - so - yeah. Ultimately - people overuse the word “crash” when they really mean “correction” - great YT play to run the bag up, tho - I guess 😏 Folks w/ low interest rates and equity ain’t rushing to sell. Those who so-called “overpaid” may still break even.
What up doe! The show in Chicago was Amazing! Ian's energy was on 1000%! His people had to pull him off the stage! Troy dropped a heat rock! Shotty's monologue legendary! The drip was crazy! Finally got a chance to meet the guys! So grateful for this! Thanks!
Can't deny the fact that LVRCH CAPITAL is the strongest bet to bring power back to this industry after we suffered FTX, Celsius, Tera and so on. Sure if they fail it's done for good, but I don't see that the biggest tech company in the world would put everything at risk just for that.
People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow, sure I'm not alone in my chain of thoughts. I now look towards the stock market to fuel my millionaire goal.
after studying the trajectory of great assets like real estate dividend paying stocks and gold, my conclusion is to buy and invest in what you can afford today! working with a financial advisor can certainly help
Ideally, advisors can help in proper asset allocation, and straight-up! that’s how I’ve stayed afloat for over 5 years now, amassing nearly $1m after subsequent investments to date. IMO, home prices will need to fall by at least 40% before the market normalizes.
@@M.Morgan this is striking! who is the advisr guiding you please? real estate prices exploded, interest rates exploded, but my wage the same .. i'm screwed
Can't divulge much, the professional that oversees my portfolio is ’Katherine Nance Dietz’ she's an extremely intelligent advisor, very thoughtful, cautious, and has a great deal of expertise, you can confirm her on the internet.
The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH.... stock,silver and gold)
I'm in Texas and offered 10-30k over on a few properties and was outbid. Large corporations are building here, so people are relocating from states with a higher cost of living. Demand is high in Texas right now and supply is limited, which is resulting in the high number of bids/offers over asking price. I've spoken to people who sold a home in CA and purchased in TX, which makes paying over asking extremely feasible.
People are starting to leave places in Texas like Austin. I follow Ianofaustin and that is something he is seeing in real estate industry. So keep looking.
@@g.d.9619 This was my experience a few years ago. Prices of homes aren't as competitive as they were at that time, so this may not be happening right now.
Hey all...just wanted to drop a note that this was one of the best and most transparent conversations I have seen y'all have. I know some things couldn't be said because of the platform this is on, even though Troy was going there 😂, but this was off the hook. Shout out to all. Proud of my black brotha's.
To be honest, I see the market more inline with MG. Why, because I've been looking since last year (may) and thought it to be smart after the fed rate went up in July. The homes were selling for 5-8% above asking. This is in NY, 1-2hrs from NYC, are fairly move-in ready homes (little to no work needed). We stopped searching in Sept when the pre-approval expired as we figured by years end the rate or home prices would drop. We got back on the search this spring. Rates and homes still increased and the only homes staying on the market are extremely problematic or asking for ridiculous prices outside of the local market value (20-25%). Everything else (single family) is flying off the shelf very fast. 7 offers in 18mos, we're constantly outbid, and we offer asking price. It's unreal, and I wouldn't believe it if I didn't experience it 1st hand. from where I stand, MG seems right.
True, but the problem is Rashad has no clue what he's talking about when it comes to geopolitics and the US military... The US military is not the 92 Dream Team anymore, that ish was 30 years ago. The Arab countries surrounding Israel are not about to let them destroy Gaza, and the US doesn't have the firepower to stop them
Super power to have thought leaders on the team. Appreciate EYL Network providing the information and executing the plan to improve Economics, Politics, Justice, Media, Education
Just bought a home with 5% interest. I bought because the home price dropped below market (290k). We are holding on to refinance when market turns around 2-3 years.
I’m grateful to have attended such a great panel of educators, on life. I invited my 20+ year old son to & he looks forward to furthering his dreams into his reality.Thank you all for adding Chicago to your tour..see you next time ❤🙏🏽💪🏾
The conversation around AI is always very interesting and Keys is on point with prompt engineering. “AI is only as smart as the person who inputs the information.”
Some ai run pre coded software that is multiple human brain reactions in one. Common misconception; A.I. is far smarter than most average humans by way of humans having to use calculators for quick calculations and Google for life threatening things nature offer.
Sometimes the market is set up like that and homes are listed on the low end to get buyers attracted. I live in California and we bought 50k over asking because everything was going over asking. This was 3 years ago. We put about 15k into renovations and now it's worth almost 200k more than what we bought it at. So it really just depends on the market and the value of the home and the area you're purchasing in.
False, if you like the home or multifamily and have the capital to close the deal within reason do it. Hold the property in your portfolio as a long term asset, no problem there. In time you most likely will come out ahead. I've been buying property for 30 years and don't have a single foreclosure. Each property is cashflowing 100% or greater than when I aquired it.
This is a great video I really appreciate the dedication in each video you post, I learn a lot watching your videos and it has always been helpful to me. Building a steady income is quite difficult for newbies.. Thanks to LVRCH CAPITAL for improving my portfolio. keep up with the good videos.
This is the most nuanced, thoughtful, balanced and fair conversation I’ve heard regarding the Envy situation. You guys really could’ve piled on, but took the high road. I respect that. ✊🏿
I own. Sunday I saw a listening to rent a house and it was $300 more than my mortgage. Plus you're in charge of all utilities just not the property tax. So glad I own. Every market is different. Real estate is local
To be honest, I see the market more inline with MG. Why, because I've been looking since last year (may) and thought it to be smart after the fed rate went up in July. The homes were selling for 5-8% above asking. This is in NY, 1-2hrs from NYC, are fairly move-in ready homes (little to no work needed). We stopped searching in Sept when the pre-approval expired as we figured by years end the rate or home prices would drop. We got back on the search this spring. Rates and homes still increased and the only homes staying on the market are extremely problematic or asking for ridiculous prices outside of the local market value (20-25%). Everything else (single family) is flying off the shelf very fast. 7 offers in 18mos, we're constantly outbid, and we offer asking price. It's unreal, and I wouldn't believe it if I didn't experience it 1st hand. from where I stand, MG seems right.
@elijahdanley7937 I agree with your sentiment...but for different reasons. 'Klaus Schwab', of The 2022 World Economic Forum, said 'human beings will own NOTHING, and will be happy'. The Global Economic Reset is upon us...just like the worldwide pandemic...which, by tbe way, was a Beta Test. The USA is going through an economic and social transition. Private property of any type will be illegal. Bill Gates, Oprah (in Maui), and many other worldwide globalist "frontmen", are buying up, and sabotaging, all farmlands...only for it to lay waste and be used for nothing. Gentrification and Eminent Domain Is Deliberate...done to push the average citizen into large crowded cities...for maximum government control. One of many methods of government control will be through forced communities. Research the concept of "Fifteen (15) Minute Cities". These "Smart Cities" are being tested throughout American Communities, as well as other European Countries. This way of life (15 Minute Cities) will be a reality in the USA. Personal ownership of land, homes, or anything, will be outlawed...including ownership of motorized/gasoline based vehicles...which is why electric vehicles are being promoted and touted. The poor mileage and constant need of electrical charging on these type vehicles is used for CONTROL. For now, rent everything...or better yet...devise a plan to find a rural spot in a developing country...away from the prying eyes, the technology, and the will, of the "Great Reset". 'Hunker-down' and PRAY for forgiveness, and the protection of The Most High God/YAH. Shalom
For folks questioning buying over “asking” and pointing out all these cities where people bought over asking price and saying it’s “overvalued” you have to remember what creates value. Value is in the perception of the market. Just because someone ask for a particular price doesn’t necessarily mean that’s the actual value. If I go and try to sell a product and ask for a particular price and I’m getting over abundance of demand. That means I’m priced too low and in order to slow down the demand in order to control supply chains and product availability. I need to increase the price. Simple supply and demand is at play and again just because someone ask for a particular price doesn’t necessarily mean that’s the appropriate value. Secondly, what creates equity? Two main mechanisms are creating equity when you buy a home. Number one principal reduction of your loan. Every time you make a payment on your mortgage, this reduces the principal balance of your mortgage, and builds more equity in the asset in which you’re holding. Second is asset appreciation. The value of owning a home historically has gone up about 4.5% annually. So you have to consider what value truly is and how value is established and also understand how equity is built.
WHERE I live,close to Charlotte NC. In 2021 there was a shortage of homes for sale and rental property as well. Our supply of housing was done,one due to Covid and not being able to get supplies in and two,we had a huge influx of people moving here from New York,Florida,DC and various other states.People were offering way over asking price because the competition was tight. Further people from other states had sold theur homes for a huge price,moved down south wjere housing was cheaper and purchased more house for their buck.They were able to participate in these bidding wars and win.
MG = my guy!! I absolutely LOVE your content. You be droppin' all the real estate gems. got me feeling like I can go buy a whole neighborhood tomorrow! Thank you for sharing your knowledge and wisdom.
This is one of my favorite channel. It always makes my week complete! 😊 Despite the economic downturn, I still manage to earn $25,000 weekly from my investment of $3,500 ..God bless LVRCH CAPITAL
The future interest rate will sit between 5.5 or 6.5%. I am in Atlanta. I am seeing people buy homes and the next month they are listing the same house with an increase of price by 30K to 80K. I am also seeing builders that have stopped construction and half or a third of the subdivision is still unfinished. There are entities that are trying to get prices high!
Incredible Episode with great surprises! Straight gems from every angle - the stock market, real estate market and Ai market. Thank you for delivering another worthy episode. ♥🐼
I appreciate you and your content < Technical Analysis is good but I find It truly baffling that major crypto youtubers just look mostly at pure T.A and completely ignore the bigger narrative of why BTC is pumps/pumped and why the future outlook will be even rosier than it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market. More emphasis should be put into day trading as it is less affected by the unpredictable nature of the market. I have made over 27 btc from LVRCH CAPITAL insights and charts, its been one step ahead of other analysis….
I think Brother Garland misheard what Bro. Rashad mentioned ( I paraphrase) : “….July 2022-2023 report…60%-100% of homes were sold ABOVE their asking prices”.
Great video,I wish they taught me this in college. You've helped my family With your advice. You're such a blessing to this community. As a beginner i was scared of losing my savings but I'm glad i took the right decision that's now favouring me. thanks Citadel Moore for guiding me through the process
Correct, great question . I see that these prices in houses are doubling or triple up. This action is gonna cause friction sooner or later. The way things are moving fast til again, it will cause friction Lubbock TX only because so many people are moving to Texas. Therefore, if I can have an area to develop or sell to out of state people, they will buy. I feel prices will crash they are happening now, and more house on are sitting on the market than ever. Yet people who are trying to purchase a home are having a hard time getting approved. Make it make sense to me.
As a realtor you have to look deeper at that sold over asking situation. First never underestimate Real Estate professionals. Many of us know to list a home 3 different ways with various results for each, if you list under the value price, you can achieve getting over asking is not always the big picture. Example an estate (deceased owner) sale, homes are listed under the value due to the fact no repairs will be made. Now realtors that represent buyers will be able to do the research to see the value in the purchase. In this situation, you can have many offers (example 52 showings, 15 offers just to select 1 offer). That supply and demand is expected to continue because of the demand is greater than the supply. As an IT Specialist professional AI has been around since 1956 and has slowly been developed. We use AI in our businesses and for assistance to other people business for the last 3+ years. The key is understanding how to get the best out of AI. AI will improve many things like instructing it to write code instead of writing manually.
I'm a Realtor in TN. This is one the best real estate builds for the layman's ears. Mortgage guy took my stance right from my brain waves. I don't see a crash at all, but I am seeing a lot of over pricing in my area.
I dont want to be stuck in a mortgage either. I dont want any more loans in this society. Im gonna work hard to get my credit back up and leverage credit. I need really high limits.
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you LVRCH CAPITAL
I paid over asking in 2021, so glad I did. 3% interest, 120k in equity. can rent and get $1000 In cash flow. The numbers are the numbers. the numbers worked.
Love these brothers💯✊🏾....from the powerful information to the strong brotherhood and tge way they support each other is nothing short of AMAZING to me!!!
When it comes to markets having transactions where the homes sold for 100% over asking, there seems to be context missing. How much over asking were those homes sold for? Sellers will take an offer that’s $2k more than the last offer. For an area to have 100% of the houses during a period to sell over asking, how much matters. Over asking can be $10k or it could be $100k. It’s an agent’s job to let their clients know of the potential downside of going over ask. MG is spot on .. each market varies. There are factors that play into why these homes saw those over asking bids.
They put your foot prints on a plate because they understand that once your feet touch the land you’re sovereign to that land. Our feet touch a government plate first not the ground, so you have a contract or bond with the government not the land. Thanks for bringing this up.
Someone that has been shopping for a home with large acreage, I’ve come across small homes in small towns have been very affordable (less than $80,000)! Now, I’m living in high-price California, so to buy a home less than $100,000 seems like a great deal as an investor even though it is being sold 50, 70, and even 100% over asking price.
I own multiple homes luckly I bought in 2010 and those times but I think this is just like the gas prices people went crazy when it hit the record peak...and now....people line up like crazy cause that "peak" is now the new low or norm. So when intrest rate get back to 4% - 5% people will go crazy and start spending again. The days of 0% - 2% we all know were un-realistic and we are now seeing the after effects. But 5%? yup it's gonna be crazy again. So wait it out or if you have the means, buy what you can afford. My only regret is I did a 2 year fixed to "align" all my mortgage renewals at the same time. Wish I did my usual 5 year fixed ugh! but I don't know what I don't know
Yes Development means patience. So did the knowledge of building 🏢 investing, and real estate. Buy, keep smart, know where, know how to deal realistically, and build develope.
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
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.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
My advisor is ‘’Catherine Morrison Evans’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
Thank you for this Pointer. It was to find her handler, She seems very proficient and flexible. I booked a call session with her.
I feel that the last bull run was bolstered by all the money being printed. Major returns next bull run but I think they will be tamer in my humble opinion. A 10x on LVRCH CAPITAL and a 15x on polygon are fair considering how much those two coins are interwov
I think it depends what you want to FOMO into LVRCH CAPITAL . Some people's objective isn't to stack up on BTC, some people think we're just getting started because BTC dominance is only getting bigger mate. A greater opportunity awaits those that have different goals in mind.
My heart goes to the entire community for LVRCH CAPITAL building up something even my grandpa can understand. This is so smart by them to launch it to shatter the doubts and fears of the common folk which is not even correct to begin with. Everyone knows the state of inflation and recession now and the way out is already in progress. Now it's just about catching the big fish
Ive been a real estate broker for 6 years and been selling homes for 12 now. The market is jacked up. I am in my starter home and have wanted to sell for 4 years now but the inventory is trash or overpriced. Now full rehabs are the price of fully reahabed homes were 4 years ago. Now with rising interest rates and high prices I am definitely staying out. Only thing I would recommend buying is multi families now.
I’ve owned my home for many years. One thing’s for certain you will need a place to live.
That place where you & your Family stay and lay is NOT AN INVESTMENT! Get out of that mindset.
@@livefromtheground7274 trust me I know. Bought it 7 years ago. Worked in govt taking tax foreclosed properties and understood that we never truly own our properties. Stop paying taxes and find out
I agree but to piggy back off mg mortgage ig post today. He was frustrated that new home owners who want bigger single family homes vs a starter home that fits there budget ..
I'm in New Jersey. Starters homes in 400k range and need work done . Interest rates through roof. Property tax through roof. My job is in NJ.. I feel like I will end up like you trying to sell a property I overpaid and had to remodel
MG won the battle. Real estate will always be a good investment if you buy what YOU can afford.
Facts!
, and if you're able to handle the extras
That is the key!
I disagree with this philosophy! You can accumulate wealth, but it is not always a good time to buy. Real estate is another form of investing, whether personal purchase, air bnb, income property, etc!
Yes.
If you can easily afford the payment and HOLD - the “lower value” is only on paper.
You only lock in losses when you sell the asset and cash out.
I know this because I survived the 2008 crash. A true crash.
First home was devalued by 2/3. However, I still have that property now as a profitable rental w/ good equity to boot - so - yeah.
Ultimately - people overuse the word “crash” when they really mean “correction” - great YT play to run the bag up, tho - I guess 😏
Folks w/ low interest rates and equity ain’t rushing to sell. Those who so-called “overpaid” may still break even.
What up doe! The show in Chicago was Amazing! Ian's energy was on 1000%! His people had to pull him off the stage! Troy dropped a heat rock! Shotty's monologue legendary! The drip was crazy! Finally got a chance to meet the guys! So grateful for this! Thanks!
Can't deny the fact that LVRCH CAPITAL is the strongest bet to bring power back to this industry after we suffered FTX, Celsius, Tera and so on. Sure if they fail it's done for good, but I don't see that the biggest tech company in the world would put everything at risk just for that.
People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow, sure I'm not alone in my chain of thoughts. I now look towards the stock market to fuel my millionaire goal.
after studying the trajectory of great assets like real estate dividend paying stocks and gold, my conclusion is to buy and invest in what you can afford today! working with a financial advisor can certainly help
Ideally, advisors can help in proper asset allocation, and straight-up! that’s how I’ve stayed afloat for over 5 years now, amassing nearly $1m after subsequent investments to date. IMO, home prices will need to fall by at least 40% before the market normalizes.
@@M.Morgan this is striking! who is the advisr guiding you please? real estate prices exploded, interest rates exploded, but my wage the same .. i'm screwed
Can't divulge much, the professional that oversees my portfolio is ’Katherine Nance Dietz’ she's an extremely intelligent advisor, very thoughtful, cautious, and has a great deal of expertise, you can confirm her on the internet.
@@M.Morgan thanks for this tip, found her site just after inputting her full name on my browser, she seems impeccable..
The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH.... stock,silver and gold)
God bless Mrs Angela Mcclain for all Good works. We need such a person in the society
The The Big Lie was the most important
@angelicadavid1374be careful with contacting anyone on whatsapp
I'm in Texas and offered 10-30k over on a few properties and was outbid. Large corporations are building here, so people are relocating from states with a higher cost of living. Demand is high in Texas right now and supply is limited, which is resulting in the high number of bids/offers over asking price.
I've spoken to people who sold a home in CA and purchased in TX, which makes paying over asking extremely feasible.
Yep! Florida/Georgia all South etc they coming and housing prices rocketed!
Is this madness still happening now or you’re talking of last year?
The North East had bidding war. Now excessive rental properties
People are starting to leave places in Texas like Austin. I follow Ianofaustin and that is something he is seeing in real estate industry. So keep looking.
@@g.d.9619 This was my experience a few years ago. Prices of homes aren't as competitive as they were at that time, so this may not be happening right now.
Hey all...just wanted to drop a note that this was one of the best and most transparent conversations I have seen y'all have. I know some things couldn't be said because of the platform this is on, even though Troy was going there 😂, but this was off the hook. Shout out to all. Proud of my black brotha's.
Just don’t buy one with Caesar and Envy
😂
😂😂😂😂😂
😂😂😂😂
😂😂😂
😅😅😅😅😂😂😂😂😂
To be honest, I see the market more inline with MG. Why, because I've been looking since last year (may) and thought it to be smart after the fed rate went up in July. The homes were selling for 5-8% above asking. This is in NY, 1-2hrs from NYC, are fairly move-in ready homes (little to no work needed). We stopped searching in Sept when the pre-approval expired as we figured by years end the rate or home prices would drop. We got back on the search this spring. Rates and homes still increased and the only homes staying on the market are extremely problematic or asking for ridiculous prices outside of the local market value (20-25%). Everything else (single family) is flying off the shelf very fast. 7 offers in 18mos, we're constantly outbid, and we offer asking price. It's unreal, and I wouldn't believe it if I didn't experience it 1st hand. from where I stand, MG seems right.
But a new home if you can. Older homes are equally expensive.
I come on here for information ℹ️ and Ian Dunlaps sarcasm it’s the highlight of my week plus he keeps things 💯💯💯💯 and spicy! #ian4president 🤘🏽
I appreciate when y’all bring government & military into investing and business. Because they go hand and hand with each other
True, but the problem is Rashad has no clue what he's talking about when it comes to geopolitics and the US military... The US military is not the 92 Dream Team anymore, that ish was 30 years ago. The Arab countries surrounding Israel are not about to let them destroy Gaza, and the US doesn't have the firepower to stop them
Super power to have thought leaders on the team.
Appreciate EYL Network providing the information and executing the plan to improve Economics, Politics, Justice, Media, Education
One of the best episodes I caught 💯
Just bought a home with 5% interest. I bought because the home price dropped below market (290k). We are holding on to refinance when market turns around 2-3 years.
BROKE THINKING. JUST ANOTHER MORTGAGE
I’m grateful to have attended such a great panel of educators, on life. I invited my 20+ year old son to & he looks forward to furthering his dreams into his reality.Thank you all for adding Chicago to your tour..see you next time ❤🙏🏽💪🏾
The conversation around AI is always very interesting and Keys is on point with prompt engineering. “AI is only as smart as the person who inputs the information.”
Some ai run pre coded software that is multiple human brain reactions in one.
Common misconception; A.I. is far smarter than most average humans by way of humans having to use calculators for quick calculations and Google for life threatening things nature offer.
"Never pay over asking price for a home." - MG The Mortgage Guy
BIG FACTS
Sometimes the market is set up like that and homes are listed on the low end to get buyers attracted. I live in California and we bought 50k over asking because everything was going over asking. This was 3 years ago. We put about 15k into renovations and now it's worth almost 200k more than what we bought it at. So it really just depends on the market and the value of the home and the area you're purchasing in.
@@renesampay6601 I totally get that in most circumstances. Doing proper research is always key.
False, if you like the home or multifamily and have the capital to close the deal within reason do it. Hold the property in your portfolio as a long term asset, no problem there. In time you most likely will come out ahead. I've been buying property for 30 years and don't have a single foreclosure. Each property is cashflowing 100% or greater than when I aquired it.
@@tigaagul7exactly...people stop taking everything this guy says as facts.
This is a great video I really appreciate the dedication in each video you post, I learn a lot watching your videos and it has always been helpful to me. Building a steady income is quite difficult for newbies.. Thanks to LVRCH CAPITAL for improving my portfolio. keep up with the good videos.
This is the most nuanced, thoughtful, balanced and fair conversation I’ve heard regarding the Envy situation. You guys really could’ve piled on, but took the high road. I respect that. ✊🏿
Envy is a chump. He promoted a scammer and there's no excuses.
I own. Sunday I saw a listening to rent a house and it was $300 more than my mortgage. Plus you're in charge of all utilities just not the property tax. So glad I own. Every market is different. Real estate is local
MG is just speaking like a realtor. Thank you Rashad for arguing that the simple answer is just not to buy right now.
MG just rambling on 🤣🤣
To be honest, I see the market more inline with MG. Why, because I've been looking since last year (may) and thought it to be smart after the fed rate went up in July. The homes were selling for 5-8% above asking. This is in NY, 1-2hrs from NYC, are fairly move-in ready homes (little to no work needed). We stopped searching in Sept when the pre-approval expired as we figured by years end the rate or home prices would drop. We got back on the search this spring. Rates and homes still increased and the only homes staying on the market are extremely problematic or asking for ridiculous prices outside of the local market value (20-25%). Everything else (single family) is flying off the shelf very fast. 7 offers in 18mos, we're constantly outbid, and we offer asking price. It's unreal, and I wouldn't believe it if I didn't experience it 1st hand. from where I stand, MG seems right.
@elijahdanley7937
I agree with your sentiment...but for different reasons.
'Klaus Schwab', of The 2022 World Economic Forum, said 'human beings will own NOTHING, and will be happy'.
The Global Economic Reset is upon us...just like the worldwide pandemic...which, by tbe way, was a Beta Test.
The USA is going through an economic and social transition.
Private property of any type will be illegal.
Bill Gates, Oprah (in Maui), and many other worldwide globalist "frontmen", are buying up, and sabotaging, all farmlands...only for it to lay waste and be used for nothing.
Gentrification and Eminent Domain Is Deliberate...done to push the average citizen into large crowded cities...for maximum government control.
One of many methods of government control will be through forced communities. Research the concept of "Fifteen (15) Minute Cities".
These "Smart Cities" are being tested throughout American Communities, as well as other European Countries.
This way of life (15 Minute Cities) will be a reality in the USA.
Personal ownership of land, homes, or anything, will be outlawed...including ownership of motorized/gasoline based vehicles...which is why electric vehicles are being promoted and touted.
The poor mileage and constant need of electrical charging on these type vehicles is used for CONTROL.
For now, rent everything...or better yet...devise a plan to find a rural spot in a developing country...away from the prying eyes, the technology, and the will, of the "Great Reset".
'Hunker-down' and PRAY for forgiveness, and the protection of The Most High God/YAH.
Shalom
For folks questioning buying over “asking” and pointing out all these cities where people bought over asking price and saying it’s “overvalued” you have to remember what creates value. Value is in the perception of the market. Just because someone ask for a particular price doesn’t necessarily mean that’s the actual value. If I go and try to sell a product and ask for a particular price and I’m getting over abundance of demand. That means I’m priced too low and in order to slow down the demand in order to control supply chains and product availability. I need to increase the price. Simple supply and demand is at play and again just because someone ask for a particular price doesn’t necessarily mean that’s the appropriate value. Secondly, what creates equity? Two main mechanisms are creating equity when you buy a home. Number one principal reduction of your loan. Every time you make a payment on your mortgage, this reduces the principal balance of your mortgage, and builds more equity in the asset in which you’re holding. Second is asset appreciation. The value of owning a home historically has gone up about 4.5% annually. So you have to consider what value truly is and how value is established and also understand how equity is built.
Thank you @EYL for the book, "Lucky Me" ! It was a pleasant surprise! I look forward to diving in! 📖 📕
WHERE I live,close to Charlotte NC. In 2021 there was a shortage of homes for sale and rental property as well. Our supply of housing was done,one due to Covid and not being able to get supplies in and two,we had a huge influx of people moving here from New York,Florida,DC and various other states.People were offering way over asking price because the competition was tight. Further people from other states had sold theur homes for a huge price,moved down south wjere housing was cheaper and purchased more house for their buck.They were able to participate in these bidding wars and win.
MG = my guy!! I absolutely LOVE your content. You be droppin' all the real estate gems. got me feeling like I can go buy a whole neighborhood tomorrow! Thank you for sharing your knowledge and wisdom.
This is one of my favorite channel. It always makes my week complete! 😊 Despite the economic downturn, I still manage to earn $25,000 weekly from my investment of $3,500 ..God bless LVRCH CAPITAL
Okay 🎉
booming podcast, watching the replay 🔥🔥🔥🔥
I’m from Lubbock, TX & I appreciate yall’s insight, helping me make a logical decision being a home buyer
The future interest rate will sit between 5.5 or 6.5%. I am in Atlanta. I am seeing people buy homes and the next month they are listing the same house with an increase of price by 30K to 80K. I am also seeing builders that have stopped construction and half or a third of the subdivision is still unfinished. There are entities that are trying to get prices high!
19 keys came on like a celeb guest lmfaooo
Incredible Episode with great surprises! Straight gems from every angle - the stock market, real estate market and Ai market. Thank you for delivering another worthy episode. ♥🐼
38:10 🤣🤣🤣🤣🤣 Ian is a damn fool!!!
I appreciate you and your content < Technical Analysis is good but I find It truly baffling that major crypto youtubers just look mostly at pure T.A and completely ignore the bigger narrative of why BTC is pumps/pumped and why the future outlook will be even rosier than it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market. More emphasis should be put into day trading as it is less affected by the unpredictable nature of the market. I have made over 27 btc from LVRCH CAPITAL insights and charts, its been one step ahead of other analysis….
That AI segment 🔥🔥🔥. Like the great Lil Wayne once said “changed the game like the hit stick”
19Keys is the KING of DRIP!
The show starts at 10:50
I think Brother Garland misheard what Bro. Rashad mentioned ( I paraphrase) : “….July 2022-2023 report…60%-100% of homes were sold ABOVE their asking prices”.
Great video,I wish they taught me this in college. You've helped my family With your advice. You're such a blessing to this community. As a beginner i was scared of losing my savings but I'm glad i took the right decision that's now favouring me. thanks Citadel Moore for guiding me through the process
Wow, I'm new at this, please how can I reach her?
So awesome to hear
Ian is a DAWG for that Envy comment lol!!! 0 Fucks given
Correct, great question . I see that these prices in houses are doubling or triple up. This action is gonna cause friction sooner or later.
The way things are moving fast til again, it will cause friction
Lubbock TX only because so many people are moving to Texas. Therefore, if I can have an area to develop or sell to out of state people, they will buy.
I feel prices will crash they are happening now, and more house on are sitting on the market than ever.
Yet people who are trying to purchase a home are having a hard time getting approved. Make it make sense to me.
We should take care of our country first. We have so much to do here in America.
As a realtor you have to look deeper at that sold over asking situation. First never underestimate Real Estate professionals. Many of us know to list a home 3 different ways with various results for each, if you list under the value price, you can achieve getting over asking is not always the big picture. Example an estate (deceased owner) sale, homes are listed under the value due to the fact no repairs will be made. Now realtors that represent buyers will be able to do the research to see the value in the purchase. In this situation, you can have many offers (example 52 showings, 15 offers just to select 1 offer). That supply and demand is expected to continue because of the demand is greater than the supply. As an IT Specialist professional AI has been around since 1956 and has slowly been developed. We use AI in our businesses and for assistance to other people business for the last 3+ years. The key is understanding how to get the best out of AI. AI will improve many things like instructing it to write code instead of writing manually.
Im glad you guys addressed the Ceasar situation. Beacuse i knew nothing about him until I seen his episode on EYL. Appreciate yall speaking on it
This mortgage conversation is a dope ass convo! very insightful...keep grinding y'all
YOU CAN'T MAKE THEM HOUSES POP UP. YOU CAN'T MAKE THE ALLEGATIONS GO AWAY. YOU CAN'T MAKE HER ORGASM. LMFAO IAN THE GOAT
I'm a Realtor in TN. This is one the best real estate builds for the layman's ears.
Mortgage guy took my stance right from my brain waves.
I don't see a crash at all, but I am seeing a lot of over pricing in my area.
Law of Attraction: You see what you want to see... the reality is boiling underneath with "unreported death" and so forth...
MG killed this! For those of us in real estate. We Know never offer anything overpriced! Learn your market, figure out average and offer below.
I dont want to be stuck in a mortgage either. I dont want any more loans in this society. Im gonna work hard to get my credit back up and leverage credit. I need really high limits.
Love from Minneapolis
THIS SHOW IS THE BEST!!! I really appreciate that 💯💯
Thanks guys for bringing on relevant experts in times of crisis or need!
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you LVRCH CAPITAL
I've had over 100% appreciation in the last 5 years! Good deals are super important.
How do you analyze a deal
🤣🤣🤣 Ayyyeeee...let Ian get busy man! Talk that ish Ian!! That radio dude was running around talking bout he made y'all. #FOH
I paid over asking in 2021, so glad I did. 3% interest, 120k in equity. can rent and get $1000 In cash flow. The numbers are the numbers. the numbers worked.
This is so dope. Y’all brothers 🔥🔥🔥🔥
Love these brothers💯✊🏾....from the powerful information to the strong brotherhood and tge way they support each other is nothing short of AMAZING to me!!!
When it comes to markets having transactions where the homes sold for 100% over asking, there seems to be context missing. How much over asking were those homes sold for? Sellers will take an offer that’s $2k more than the last offer. For an area to have 100% of the houses during a period to sell over asking, how much matters. Over asking can be $10k or it could be $100k. It’s an agent’s job to let their clients know of the potential downside of going over ask. MG is spot on .. each market varies. There are factors that play into why these homes saw those over asking bids.
This should have 1 Mill likes!!!!! This is a critical topic!!!
What's crazy, i haven't heard anyone talk about abandoned towns. There are so many abandoned towns people are sleeping overlooking.
One of the best Market Mondays by far
We gotta stop cutting corners, very true.
I love you guys so much! I learned and had fun.
24:34
Dyor
On Tricon Residential, Blackrock & Blackstone been buying since 2017 2018
This end investing in Homes
What streaming software do you guys use to do this
19 gave a quick master class 🔥
Shout Out to Worcester Massachusetts... That's my city!!
💯 💥💥💥
Listen...you guys are DOPE!!! And...the segment on AI was EVERYTHING!!!
Great episode @eyl. You brothers never disappoint. "Any talk is good talk."
MG spoke facts! I appreciate him sharing valuable gems and his wisdom about the real estate market!
MG TRUE GEM!!! Diamonds!! Boyyyy. Kee going MG ❤
Chicago was 🔥🔥🔥🔥🔥🔥🔥🔥
Thank you!!!
THE ST. PATRICK'S OF THE ETFS!!!!! 😂😂😂 I LOVE IT❤❤❤
Thank you EYL for the Lucky Me Book!! Amazing story of an African American man from struggle to triumph.
These tools provided are gold. EYL is truly helping the culture and community
They put your foot prints on a plate because they understand that once your feet touch the land you’re sovereign to that land. Our feet touch a government plate first not the ground, so you have a contract or bond with the government not the land. Thanks for bringing this up.
Ie Boston is heavy on covering 3 family into 72 units
Someone that has been shopping for a home with large acreage, I’ve come across small homes in small towns have been very affordable (less than $80,000)! Now, I’m living in high-price California, so to buy a home less than $100,000 seems like a great deal as an investor even though it is being sold 50, 70, and even 100% over asking price.
Do what works for you! Everyone has a different situation.
Here in Ruff Buff and we are all shocked about some of the things that are selling over asking. Lil popsicles houses type stuff
Loud an clear good brothers
2.99% in Cali, since 2018. Why would I sell, tho I am ready for my next house!!!
I just want to say thank you for giving me the book “Lucky Me” by Rich Paul. I just received it In in the mail this week.
Keys 🔑 voice smooth like butta im melting babyyyy 😅❤
What about buying down the interest rate, Even if you can afford it just as a precautionary measure ?
I own multiple homes luckly I bought in 2010 and those times but I think this is just like the gas prices people went crazy when it hit the record peak...and now....people line up like crazy cause that "peak" is now the new low or norm. So when intrest rate get back to 4% - 5% people will go crazy and start spending again. The days of 0% - 2% we all know were un-realistic and we are now seeing the after effects. But 5%? yup it's gonna be crazy again. So wait it out or if you have the means, buy what you can afford. My only regret is I did a 2 year fixed to "align" all my mortgage renewals at the same time. Wish I did my usual 5 year fixed ugh! but I don't know what I don't know
Blessing keep on bringing it soldier we will take it over it on..
One time for Ian. I understood what he was getting at
What was he saying?
Is a HELOC good right now? Interest still sjper high
This is a great topic.
Looking The UGK of the Market on Forbes and Troy Pimp C, Rashad's Bun B
@IanDunlap 🫡 The Four Agreements. 1 be impeccable with your words 2. Don't take anything personal 3. Don't make assumptions 4. Always do your best
Great information
Yes Development means patience. So did the knowledge of building 🏢 investing, and real estate. Buy, keep smart, know where, know how to deal realistically, and build develope.
Like always, Best show on RUclips
If your not willing to go over asking you won't get the home. Just don't max yourself out.