This guy hit the nail right in the head investors buy single family homes to rent and steal the opportunity from a first time buyer to buy an entry level home this is why the wealth gap will continue to increase how will someone from a lower status ever be able to buy their first home if investors continue to buy those entry level homes to rent
Is it crazy to think spring/summer 2025 if things stay expanding and soft landing etc that by then people will have so much saved up that house prices will go up a ton compared to right now if you listed your house, any thoughts? Not just that but if your house was on the market for 1 million in november 2021 and today you got that same dollar value, calculating how much purchasing power/inflations changed the value of that dollar today. So I'm thinking true appreciation value on a house that was worth 1 million in november 2021 should be much better after we get a so called soft landing, therefor my belief is that right now is the worst possible time to sell a home.
I have seen so many affordable houses bought by flippers and in 2 months try to sell the same house for double what they paid after doing very little changes. Most people cannot afford a $300-$400,000 home. Investors are killing the affordable market.
If you have locked in 30 yrs fixed debt under 4% for your 1-4 unit residential rental portfolio, you are set for life. literally. 9 of our properties are under 4%, 1 property is 5.2%. All cash out refinanced in 2020-2021. We are maxed out for the fannie limit and that's fine, we are set now for the next 27 yrs where most properties we got all of our money back out in the cash outs. Now they are infinite returns.
@@hood6854 The debt is fixed for 27 yrs and we have $0 of our own dollars in them now. That's called an infinite return. And in the off chance we see inflation collapse and turn into deflation and the Fed chases it down with ZIRP again (at this point will need to be a shock black swan event since our debt levels have gone exponential since 2008 and even since 2020), we will just rinse and repeat. The last 12 yrs were a buying opportunity like no other. If you willingly chose not to participate, that will turn out to be one of the worst financial decisions you could ever make
Oh but they help the economy right? By marking up every house 30 percent then selling to another investor where it is then marked up another 30 percent and sold to a a family who has to eat Ramen and ham sandwiches for 30 years to afford the payment. OH But we need the investors for "liquidity" right? I'd sure hate for the previous owner to lower the price until it sells! I hate real estate investors with a PASSION! Disgusting human beings.
We can only inflate the debt away while the US Dollar is the reserve currency of the world and dollars are used to transaction in the global energy transactions. Once those two things change, the game is up and we are screwed.
Work hard, buy houses, have kids. Love it! Wish Kevin had a little more push back on some of Jason's points that were a bit arbitrary and generalized. For example when Jason says the US can continue kicking the can down the road on our enormous debt for "alot longer than we think" Kevin pushes back asking "how long?" but then Jason says he doesn't know. Need to get him to explain himself, why does he think that. Open ended questions Kevin otherwise they'll be able to weasel out of it when pressed.
He talks about this because they can't afford to buy in new york anymore. So the cheap places in the middle of nowhere where the wind turns around. Is the only place investors are kinda investing and buying while looking away in discuss. So they will create lakes and ponds to at least see a water view. Lol what a joke. My investment house is 3 blocked from the ocean. And I have had 2 families there and when the original family left I had it rented 5 hours later. Location my friends. These investors will crush and burn when they can't rent in Arkansas lol
