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.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Annette Marie Holt for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Peter great presentation on the status of where markets have been, where they are, & most importantly where they are heading, sure makes one think of the opportunities facing us ! Thank you
We need serious zoning reforms. Some of those buildings could be repurposed as residential property. Apartment buildings are popping up everywhere. This doesn’t answer whether whether tenants can afford the lease, let alone if there are jobs available locally. Rental prices are absolutely ridiculous. It could actually be cheaper to pay a mortgage. If it weren’t for the down payment, many people be able to own their own homes. Yet again a ridiculous hurdle. There is just no sense to me why they keep building more Buildings if there are current structures that could serve the same purpose. If it was possible, I would rent office space right here in my house.
@@JonathanBaltzly no, right now it is cheaper. At this moment. Prices haven't dropped enough in many areas with interest rates where they are to make owning cheaper than renting, yet.
Love your content! I've been on the sidelines waiting . I just got my offer accepted on Industrial property in prime NY location. Getting for 1.M and it was listed at 1.75M . I needed to expand my business. Thank you for sharing valuable information ❤❤❤
Peter your so smart... Thank you for these videos. They really help me come up with ideas...Giving me, a new perspective, in what direction to go.... I've been brain storming on ways to get into a multi family.... One strategy i've been exploring is the, " one time close, FHA construction loan.... I'm going to go to my credit union and see what I qualify for....Hopefully I qualify....If I do...I'm thinking about doing a manufacturer home... Purchasing at least two acres ( land to build on) and 4 rv hook ups , so I can rent out the dirt sa you say
Bullshit. AI companies don´t need office space. That is a big misunderstanding of that industry. Try to take a look into these companies and how they operate and you will be amazed.
Every successful commercial real estate investor has a mentor. Get your mentor here: www.commercialpropertyadvisors.com/protege-program/
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.
@@williamDonaldson432 Impressive can you share more info?
Impressive can you share more info?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Annette Marie Holt for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Peter great presentation on the status of where markets have been, where they are, & most importantly where they are heading, sure makes one think of the opportunities facing us !
Thank you
Thank you for watching!
This is a phenomenal non-alarmist view. Tell us about the opportunities. Thanks man!
Shorting the banks with high CRE loan balances. Over 1000 regional banks will collapse within the next four years.
We need serious zoning reforms. Some of those buildings could be repurposed as residential property. Apartment buildings are popping up everywhere. This doesn’t answer whether whether tenants can afford the lease, let alone if there are jobs available locally. Rental prices are absolutely ridiculous. It could actually be cheaper to pay a mortgage. If it weren’t for the down payment, many people be able to own their own homes. Yet again a ridiculous hurdle. There is just no sense to me why they keep building more Buildings if there are current structures that could serve the same purpose. If it was possible, I would rent office space right here in my house.
It is cheaper to rent than to own in almost the entire US. Either rents go up or prices come down. I’m leaning towards the former in the long run.
Long term it is cheaper, yes.
@@JonathanBaltzly no, right now it is cheaper. At this moment. Prices haven't dropped enough in many areas with interest rates where they are to make owning cheaper than renting, yet.
I’m amazed this hasn’t happened already, same as the UK 🇬🇧 this and car lease agreements as interest rates are so high.
Love your content! I've been on the sidelines waiting .
I just got my offer accepted on Industrial property in prime NY location. Getting for 1.M and it was listed at 1.75M .
I needed to expand my business. Thank you for sharing valuable information ❤❤❤
Nice work Peter.
Thanks! Glad you enjoyed it.
Thank you so much Peter, I learned a lot. I would love to create a win win with a motivated seller in industrial but where to look
what are your thoughts on multifamily collapse? you see prices going down in that sector anytime soon?
Wont be a “collapse” , rents are suffering massively
Can I rezone an office commercial property into a residential? Until then all that’s happening is a crash with a few people taking advantage of it.
Peter your so smart... Thank you for these videos. They really help me come up with ideas...Giving me, a new perspective, in what direction to go.... I've been brain storming on ways to get into a multi family.... One strategy i've been exploring is the, " one time close, FHA construction loan.... I'm going to go to my credit union and see what I qualify for....Hopefully I qualify....If I do...I'm thinking about doing a manufacturer home... Purchasing at least two acres ( land to build on) and 4 rv hook ups , so I can rent out the dirt sa you say
Thank you for watching!
Well what about industrial? I don’t see any discounts there
Thank you Peter.
You are most welcome!
Thanks 🙏 but office and retail is on sale!
We must get creative in 2024!
Thank you
You're welcome
💎!!
Peter: “the CRE industry collapse is here, I’m excited”
Bullshit. AI companies don´t need office space. That is a big misunderstanding of that industry. Try to take a look into these companies and how they operate and you will be amazed.