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Exactly! There's only 1 way to bring prices down and that's high interest rates. Anyone that says otherwise has not studied how the housing market has been working

Thank you

Glad it was helpful!

That's literally what I said in the video, it's the prices of homes. Maybe you didn't watch the entire video

Blackstone.... Enough said

Wait until the average home price is back around $250,000. That is an affordable price most Americans can afford!

I'm recommending everybody wait until the price is normalize again and at least drop by another 20%. Because that's the real issue is the price of homes. So buyers should literally be going on strike right now. Not buying homes until the prices come down significantly. I'm guessing it's going to take at least 2 years for this to happen

Yessir renting is by far the best option right now and it's not even close. If you even look at a simple mortgage calculator and type in for a $500,000 home, you'll see that it's going to run you close to $4,500 a month depending on your down payment.... Pat, you can rent that same equivalent home for right around $3000

@AndyColeman you have any evidence supporting your claims? If you pay more on rent, than you pay for interest rates, then you are loosing money.

I haven't made a video on it yet but I can and break down the exact calculations. 5 years ago it would be way better to buy than rent but that's not how it is today for a multitude of reasons. The break even point is around 10 years.... And most people keep a house for 7 years on average so you'll end up losing especially since prices are actually coming down

@AndyColeman would like to see your calculations. I hope they don't relay only on the assumption of a global financial crisis, but take also into account, that in reality inflation and interest rates went down.

I know.... The economy is tough right now but the system is designed that way to keep people down. If everyone was rich society wouldn't work. That's why you need to get crafty and figure out how to beat the system to earn more than the average Joe.

Interest rates are not going down and if they do go down it'll be a disaster then you'll really never be able to buy a house again. If interest rates drop too much, it'll trigger millions of buyers to enter the market, meaning the inventory will go down and the prices will skyrocket. But the prices are already too high so you do the math. The interest rates need to stay high for another 2 years until the market recovers and the prices drop significantly

@ Jerome Powell wants to keep prices high to prevent deflation and is looking at quarters not years so what is good for us he looks as bad to keep prices stable. He said he would cut rates. He is doing just that! So if you don’t want to miss out on a house you gotta rush in now before they hit 1 million.

He said he would cut rates 5 times in 2024.... That ended up being a lie so I would take what he says with a grain of salt

I don’t think it’s unreasonable to think corporate ownership of single family homes would be banned. There’s no benefit to citizens. (If you’ve heard a logical argument please point me in the right direction)

I think you can completely missed what I was trying to say. I'm saying not to buy a house right now so the prices of houses come down because the inventory is going to go back up if nobody's buying homes. That will make it more affordable for you to buy a house in the future. You need to rewatch it and listen to what I actually say.

what sucks is they been fear mongering for a long time cus that gets views but i really think half the country is in big financial trouble but how do u find the truth the white house says we're doin great n social media is insane

That's impossible because this data was not out in 2020. You can clearly see that we have less home sales going on right now than the 2008 crash according to the national statistics. So what did I say that was not factually correct?

WA also melting down and inventories melting up from Tech laid off. It is not bad for recession - we need it for reset overpriced naturally.

Exactly a recession would be AMAZING for the economy in the long run

🤣 now I have to go listen to him again

We'll try to be less annoying next one

You're very welcome! And thank you! It was a lot of hard work and creative thinking!

Hey reach out to me! I teach all of this in my program though! And apparently this does work well in Maryland! www.richwithrentals.com (you can book a call with me too)

Not at all actually. I haven't signed a single tenant broker agreement yet and I still get my commission from the landlords or the tenants, it's just as easy as ever because the nar hasn't affected rentals

@@AndyColeman thank you, I plan to follow your same structure, starting with one lease a month and then scaling my business from there. Adding all the clients into a CRM and turning them into deals later. It is a marathon not a sprint but I will be back in a few months to make sure I update you. 24 , oil and gas salesman , Houston..

I teach how to do this but it's pretty simple. You can just put it in your contract for half a month's rent commission www.richwithrentals.com

Hey you're very welcome! I break everything down in depth in my program actually. It's added to the commission though www.richwithrentals.com

They are incredible for the money and like riding a rollercoaster every time you get in the car lol

It's season 8 and I reviewed all 11 episodes actually. It's basically the cliff notes (best parts of each episode)

I never understood how people could be racist... The only way you can judge someone is on their character and their actions. Color or gender should have nothing to do with anything

He's a really great guy, honestly he is

You're very welcome! Depends on what area you are in, we get half a months rent commission here. What state/city are you in?

@@AndyColeman Phoenix, Arizona

That's why... you guys only get about $500 a rental over there if I'm not mistaken. You should charge a $300 transaction fee to the tenant though so you can at least make around $800 per rental, then you will get buyers from it as well! If you do 10 rentals a month that's $8000 then you should get 1 buyer to make close to $20k a month!

I do showings all the time, that's how I've closed hundreds of deals over the years

So actually you don't need to sign a tenant agreement for tenants, only for buyers. This might change in the future but as it stands now the nar isn't making us do that

That's any car you buy brand new. It's just part of getting to be the first to get a car

ikr ! There's really no advantage of getting the 24 at all except for hardware four

Idk about that much off....

Sorry I annoyed you lol

Yup not in the way she wanted but any publicity is good publicity 🤣

Yeah and she should have known that there basically isn't any more secrets when you film your life for millions of people to see

@@AndyColeman 💯

Turns out Bre and Amanda already knew about it before filming and brought it to camera so Amanda can get on the show lol. That’s the reason why Emma is upset. Emma knew things the others didn’t. Bre and Emma were close and Chrishell isn’t one to stop bring friends with someone for no reason and now Chrishell isn’t close to Bre because she found out some things.

That's what it seemed like to me as well

It was going to come out eventually. When you sign up to be on a reality show this is part of the job when you're a public figure

Thanks for subscribing! I don't think I made a full video on all that yet. I personally love EXP because it's easy to ICON and get the $16k in stock and 100% commission. I would focus on rentals only too. Check out some of my playlists mainly my Rental Strategies videos!

I think the reason why there wasn't many houses because the real estate market is not doing well. It's a miracle they sold the few that they did that season!

It's the housing market! Nobody wants to buy right now because the prices became way too high along with the interest rates. So people are waiting until next year or the year after for the market to come back down to reality again

@@AndyColeman So until then, we get more drama and Jason dating 23 year olds.

Probably because of LA's mansion tax haha. It must only be an LA thing because the OC office seems to bring in more money than the LA office.

Exactly! I'd rather help people out then profit off of them. It's just so risky to buy right now and think about it like this... The less people buy right now the higher the inventory will get and the cheaper the prices will become. Which is good for everyone. More people need to see this so we can work towards correcting the market!

I'm going to film a review video and actually use drag strip mode with a full battery charge this time!

Thank you I appreciate that!

What do you mean? Chicago is a city in Illinois