The deals are here now. Deals are relative to where future prices will be, not where prices have been in the past. When homes are 10% more expensive a year or two from now, now will look like it was an excellent time to buy a home while competition is low, can always refi into lower rates when they drop down the road rather than compete to buy at that point.
I have deals.I believe in discipline execution which allows me to build wealth in investing in turnkey multifamily properties. Getting paid in passive income in my opinion will protect you from investing in the volatility of the stock market's losses and gains
@ that is not what I experienced In California, even in the cities and my properties are no where near any trees or bushes , the insurance cost is still 2.5x now.
Curious where this data comes in with "year over year" growth. There are three brand new communities near me in UT, each with 50+ houses and lots sitting vacant. These homes have been on the market for a year and the builders continue to drop prices $10k every other month to hopefully entice a sell. Other homes in my area sellers have cut prices $100k+, one wild cut I have seen is $550k! But these sellers are still asking $300k to $500k even $1mil more then 2020 prices. So where is the disconnect? Sellers still believe they can gouge buyers and realtors and builders are pushing the FOMO view. Well homes are sitting. People are not buying, houses are still being built but people are fed up. These homes I mentioned would have a mortgage between $4500 - $5000/month. Five years ago these same homes had mortgages between $2500 - $3000. Im sorry but people are fed up. Even if they could buy why would you? NO DEALS coming wait for one even better two years.
SPOILER: I watched the whole video and no, deals aren't coming.
NOPE!
The deals are here now. Deals are relative to where future prices will be, not where prices have been in the past. When homes are 10% more expensive a year or two from now, now will look like it was an excellent time to buy a home while competition is low, can always refi into lower rates when they drop down the road rather than compete to buy at that point.
TY cuz this vid is like watching paint dry
I have deals.I believe in discipline execution which allows me to build wealth in investing in turnkey multifamily properties. Getting paid in passive income in my opinion will protect you from investing in the volatility of the stock market's losses and gains
@@KJInvesting scammer
It’s really nice to hear a podcast, based on real information and not just “clickbait” doom and gloom opinions.
Insurance is also killing the deals
You shouldn’t buy investments in a risky area anyways. High insurance costs are a sign you are in a risky area and should look elsewhere.
@ that is not what I experienced In California, even in the cities and my properties are no where near any trees or bushes , the insurance cost is still 2.5x now.
@ because you’re in California. That is what I mean.
@@brady_morgan :D that is true. I don't have properties in other states. Does the insurance cost go up as well?
@ I am in Wyoming and I don’t even give insurance a second thought. No issue here.
Happy Thanksgiving, friends!!
You are awesome, Dave! Great insight!
Curious where this data comes in with "year over year" growth. There are three brand new communities near me in UT, each with 50+ houses and lots sitting vacant. These homes have been on the market for a year and the builders continue to drop prices $10k every other month to hopefully entice a sell. Other homes in my area sellers have cut prices $100k+, one wild cut I have seen is $550k! But these sellers are still asking $300k to $500k even $1mil more then 2020 prices. So where is the disconnect? Sellers still believe they can gouge buyers and realtors and builders are pushing the FOMO view. Well homes are sitting. People are not buying, houses are still being built but people are fed up. These homes I mentioned would have a mortgage between $4500 - $5000/month. Five years ago these same homes had mortgages between $2500 - $3000. Im sorry but people are fed up. Even if they could buy why would you? NO DEALS coming wait for one even better two years.
FIRST. Good information. Worth my time. Thank you.