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Excellent analysis of current market conditions! Greatly appreciated. Some are begging to predict NO rate cuts this year and possibly even more rate hikes. What are your thoughts?
Sometimes these people are just saying weird things, last year I sold 18 homes this year I haven’t sold none and I talked to other top agents and they’re slower the last year, so how are we supposed to sell more homes?
Do many people understand your way of speaking? 'Haven't sold none' means you have sold some? People pay you to think for them or you pay people to not think for yourself?
The one caveat is the average middle class worker/investor had no idea the govt would print $10 Trillion Dollars in two years. Also, the federal reserve completely missed the ball AND these massive govt deficits are abysmal! It's not that homes are worth this much, it's that our dollars are worth this much less!
I hear you. I couldn’t have imagined that the government and Fed would have printed trillions of dollars, and now they print $1T every 100 days. Absolutely insane.
Ive not heard that prices must come down because theyve gone up. I have however heard that inventory is building, builders are slashing prices with rate buydowns, residential varies by State, and Florida is looking bad due to insane insurance costs with rising inventory and skittish buyers. For myself we are frankly let down. It makes no sense to buy a home at these valuations and rates. The risk is too high and our government is acting reckless with the endless overspending on things not supporting our economy while corporations are rotating into more expensive corporate bonds which will affect payrolls these next 12 mths. We need a better environment, that is no longer an easy dismissal. The macro is bad bad bad.
What I am seeing the the DFW area is people selling their larger homes that had those sub 4% mortgages and buying smaller units with cash from the equity of the sale. The people buying the larger units are buying 70% cash from sales in other states.
Just because somebody increases their home price at 6% doesn’t mean that the home value is worth it. Inventory is increasing double digits everywhere. Commenting on this post has just a waste of time. I couldn’t get past the first eight minutes because they were talking nonsense
Nobody thinks its possible but there will be no rate cuts. In fact rates will go up. Treasury auctions are falling short every offer. They must raise to sell treasuries .. Prepare to be shocked
It is not 50/50 chance of recession it is 1000% chance.Interest rates have nothing do with anything overpaying for property is the problem same as last time.
Im seeing pricing cuts of $100,000 on single family in some markets and you’re over here calling people “crash bros”. This is why I stoped watching you, I just forgot why
Hahaha! About half of listed houses on the market get a price cut no matter what type of market it is. You can list a house at any price you want and some go overboard with woods pricing. Don’t mean anything.
Average wages are closer $11/h not $29/h if people made that much then we’d be in a booming economy with consumer confidence through the roof… the fed is well aware with the X factor being closer to 3 not 2… inventory is massively up in certain markets and those prices are too high for local wages plus as new construction comes online it’s supply & demand
@@badinstinctsRUclips-xb3oj Depends on the state. In Texas almost every back of the house (think line cook, dishwasher ect) are paid $15/hr because most are here on temp worker's visa or recent green cards.
Also Average and Median are two different things. The average he is using is pulled up because of the upper income earners. The median per hour income is $18 in the US.
Many people in the Midwest & southeast work for $11-15 from various jobs(fast food and manual labor intensive work) and many have multiple jobs or stack ot hours just to pay bills; if you’re hungry you’ll work for any rate most people focus first on essentials then car notes etc before rent or mortgage payments
I don’t understand why Jason refers to the “crash bros “ as idiots when there is so much data showing: 1- prices at all time highs even adjusted for inflation 2- sales at the lowest in more 20 years 3- affordability at all time lows even for the middle class 4-Taxes and insurance resetting 3 and 4 times up after the first year from closing. 5- new inventory pouring in from new construction and short them rentals investors. Even if he is right and prices and prices never ever come down he should consider the current data. 📈
Unemployment goes up and will affect certain mortgage holders also when liquidity dries up from tighter bank regulations then the rest of them will turn over pain will come fed reacts late rinse & repeat
@@badinstinctsRUclips-xb3oj Being rich has nothing to do with him being correct or smarter than everyone else. Jason was in the right place at the right time and saw the opportunity. This is like the crypto bros that became millionaires and now think they are brilliant when in reality they were right place right time. Without the 2020/21 money printing they would have never made money.
This is a real inflationary cycle. 1972 median priced house in the US wss $24K. By 1985 it was $85K. Over 300% in 13 years. With most of the same traits you are seeing right now!!
www.empoweredinvestor.com/ Join a community of income property investors laden with high-level knowledge of investing’s best practices. Experience is the best teacher in life and we have some of the most experienced income property investors in the game.
empoweredinvestorlive.com/
THE ULTIMATE INVESTOR'S VOYAGE: MASTER MONEY ON THE HIGH SEAS
COLLABORATE, LEARN & PROSPER WITH EMPOWERED INVESTORS
Set sail on a transformative journey that combines luxury, networking & top-tier investing education. Learn strategies, connect with seasoned investors and explore breathtaking destinations.
Enjoy it all on our 5-day cruise for Empowered Investors
fireyourmanagers.com/
Discover The Step-by-Step Training For Mastering Lease Options and ...
Significantly Increase Your Cash Flow and Equity- In The Next 6 Weeks!
Excellent analysis of current market conditions! Greatly appreciated.
Some are begging to predict NO rate cuts this year and possibly even more rate hikes. What are your thoughts?
Good analysis. No crazy predictions about boom or bust. While no analysis has a 100% certainty, this one has a high likelihood of being correct.
Sometimes these people are just saying weird things, last year I sold 18 homes this year I haven’t sold none and I talked to other top agents and they’re slower the last year, so how are we supposed to sell more homes?
Do many people understand your way of speaking? 'Haven't sold none' means you have sold some?
People pay you to think for them or you pay people to not think for yourself?
Great episode . . . 👍👍👍
The one caveat is the average middle class worker/investor had no idea the govt would print $10 Trillion Dollars in two years. Also, the federal reserve completely missed the ball AND these massive govt deficits are abysmal! It's not that homes are worth this much, it's that our dollars are worth this much less!
Yup. And gov borrowing close to $2T per year on a $34T debt.
Inflation is going to be higher for longer....A lot longer
I hear you. I couldn’t have imagined that the government and Fed would have printed trillions of dollars, and now they print $1T every 100 days. Absolutely insane.
Ive not heard that prices must come down because theyve gone up. I have however heard that inventory is building, builders are slashing prices with rate buydowns, residential varies by State, and Florida is looking bad due to insane insurance costs with rising inventory and skittish buyers.
For myself we are frankly let down. It makes no sense to buy a home at these valuations and rates. The risk is too high and our government is acting reckless with the endless overspending on things not supporting our economy while corporations are rotating into more expensive corporate bonds which will affect payrolls these next 12 mths.
We need a better environment, that is no longer an easy dismissal. The macro is bad bad bad.
Awesome episode
What I am seeing the the DFW area is people selling their larger homes that had those sub 4% mortgages and buying smaller units with cash from the equity of the sale. The people buying the larger units are buying 70% cash from sales in other states.
Totally solid analysis and presentation. Thanks Jason.
Great information
Just because somebody increases their home price at 6% doesn’t mean that the home value is worth it.
Inventory is increasing double digits everywhere.
Commenting on this post has just a waste of time.
I couldn’t get past the first eight minutes because they were talking nonsense
Nobody thinks its possible but there will be no rate cuts. In fact rates will go up. Treasury auctions are falling short every offer. They must raise to sell treasuries .. Prepare to be shocked
exactly
What did I learn?
Leaning back and laughing is something I just learned not to do.
Great interview Jason.
But the crash bro last weeks told me biggest crash in history is coming
I found it strange when the guy asked, 'Do you own a home?'
Also:
As a person who buys wonderful properties to hold, almost none this helps.
Great pragmatic interpretation of the data as usual
Thanks Jason
It is not 50/50 chance of recession it is 1000% chance.Interest rates have nothing do with anything overpaying for property is the problem same as last time.
Why did the housing market crash in Canada?
Variable rates
It’s when the yield curve uninverts that leads to a recession.
Not when it’s inverted.
Too soon to say crash bros got this one wrong 🤙🏼
Im seeing pricing cuts of $100,000 on single family in some markets and you’re over here calling people “crash bros”. This is why I stoped watching you, I just forgot why
Hahaha! About half of listed houses on the market get a price cut no matter what type of market it is. You can list a house at any price you want and some go overboard with woods pricing. Don’t mean anything.
Average wages are closer $11/h not $29/h if people made that much then we’d be in a booming economy with consumer confidence through the roof… the fed is well aware with the X factor being closer to 3 not 2… inventory is massively up in certain markets and those prices are too high for local wages plus as new construction comes online it’s supply & demand
@@badinstinctsRUclips-xb3oj Depends on the state. In Texas almost every back of the house (think line cook, dishwasher ect) are paid $15/hr because most are here on temp worker's visa or recent green cards.
Also Average and Median are two different things. The average he is using is pulled up because of the upper income earners. The median per hour income is $18 in the US.
Many people in the Midwest & southeast work for $11-15 from various jobs(fast food and manual labor intensive work) and many have multiple jobs or stack ot hours just to pay bills; if you’re hungry you’ll work for any rate most people focus first on essentials then car notes etc before rent or mortgage payments
😂😂😂 is so funny seeing this group of people being bullish on the housing market you are in for a wild ride
I don’t understand why Jason refers to the “crash bros “ as idiots when there is so much data showing:
1- prices at all time highs even adjusted for inflation
2- sales at the lowest in more 20 years
3- affordability at all time lows even for the middle class
4-Taxes and insurance resetting 3 and 4 times up after the first year from closing.
5- new inventory pouring in from new construction and short them rentals investors.
Even if he is right and prices and prices never ever come down he should consider the current data. 📈
None of your list indicated we are crashing. You realize that, right? You're praying for a perfect storm of doom which is pretty morbid to be honest.
Keep listening, keep learning, your asking the right questions. Jason has covered this subject weekly more then any other. Watch his past shows.
Unemployment goes up and will affect certain mortgage holders also when liquidity dries up from tighter bank regulations then the rest of them will turn over pain will come fed reacts late rinse & repeat
@@badinstinctsRUclips-xb3oj Being rich has nothing to do with him being correct or smarter than everyone else. Jason was in the right place at the right time and saw the opportunity. This is like the crypto bros that became millionaires and now think they are brilliant when in reality they were right place right time. Without the 2020/21 money printing they would have never made money.
This is a real inflationary cycle.
1972 median priced house in the US wss $24K. By 1985 it was $85K.
Over 300% in 13 years. With most of the same traits you are seeing right now!!