Відео

I should definitely make one, because the way that news present it all, and the way the reality is- two different things. In short, nothing drastically would change. However, there are definitely changes. I'll make a video about it all.

haha, thank you, my friend:)

Thank you for your compliment. Yes, I think about it daily. We have low supply because of high rates. Sellers don’t want to sell or can’t. While there are still a good amount of serious buyers that can afford it, because it is Seattle. So yes, it’s holding on just fine:)

Glad to have you:)

I appreciate your opinion. The last time I rented a thing was 8 years ago. The last time I did, I rented a room in Seattle for $500; today, my clients ( some) rent rooms in their townhomes in Seattle for $1,500/month. That's crazy to me. Your rent payment will go up; I guarantee you that. My mortgage payment is locked for 30 years, and my mortgage is actually $3,900/month for a house in Bellevue. In this comparison, I'll skip the point of building equity altogether. The house I live in had appreciated too. But buying ain't for everyone:)

@IgorPechkovskyi You better stay put for 30 years then 😀

@@grantmcbride2238 I don't have to:) I'd be happy to rent my house to you, you seem like a nice person, for $4,000/month and get myself a bigger house while you are paying off my mortgage for me:) I'm not trying to mess with you too much, but just a little bit:)

Your equity would be stuck in this house so not sure how you would be able to buy a bigger house unless realtors make way more than I thought, especially now 😅 Always fun seeing how a realtor views the world 😀

@@grantmcbride2238 I can’t speak for all realtors, but personally me, I make a lot of money😁 But also, equity doesn’t have to be stuck in a property, if there is enough of equity, I could either refinance or pull a HELOC to get the equity out of the house and I’ll pay $0 taxes on that money and will have Real Estate buy more Real Estate. And even if that doesn’t happen due to rates or any other market complications, I’ll find a way to move up, and still have you paying off my mortgage for me 😉 Owning real estate makes sense, especially in our area. But as I said, it ain’t for everyone!

You aren't wrong, and probably right. I completely agree with you on all the points. However, the housing shortage is so big that even IF we had a net loss in the population ( I haven't heard of that), we still won't satisfy the demand we have. Also, whoever sold last year- won a lottery!

Sure, thing. However, the fed fund rate follows inflation, no? The higher the inflation, the higher the fund rate, and the higher the interest rates?

That's a big factor for sure, but I wouldn't say the only one:)

@@IgorPechkovskyi Fair. I phrased that poorly.

Erika, I'm not an expert on wages, and neither am I an economist. I am sharing only the things I see on the ground by doing business daily and being in real estate daily. And what I see- we don't and won't have enough housing supply in our cities to satisfy a growing demand; that's a fact. There are many different complex reasons why supply is short ( I talk about these things in different videos if you have been following the channel for a while). And the demand we have, they got the funds. I can't tell you where; they have it. In the listing I recently sold ( 3 million purchase price), the buyer had put down 2 million cash, took a loan on a million dollars, and I see it in different proportions all over the place. One day it all will correct itself, but I would focus on things you can control. Your own wages, and if you can buy real estate, I would.

If you are a property owner, probably;) If you aren't looking to sell, you still need to make tax payments haha, so not so great news after all;)

​@@IgorPechkovskyi o opa

Yes, there is a relative cycle through the year; that is correct:)

I agree that many can't afford it, but you forget how many can. There is a lot of money around here, and very few homes for sale; pretty simple.

@@IgorPechkovskyi Not everyone makes a 6 figure income in this area, except for a few industries and unless it's a pretty high 6 figure income, those individuals still can't afford to buy housing in the area. That's a problem that only another crash can correct.

@@jean-claudelol563 let's sit and wait for the crash

Why? Don't be jealous. I'm sure you don't have one.

I love the turtle neck

That's exactly what I said in a video. When stocks are going good, money leaves the bond market and interest rates decrease, and the other way around. Stocks went to a toilet this year, so the money went for the guaranteed return of treasuries to beat inflation, and that increased the mortgage interest rates. So what did I say that is the opposite of the truth?

@@IgorPechkovskyi "money leaves the bond market and interest rates decrease" - this is false. When money leaves the bond market, interest on these bonds INCREASES.

that's really funny. You can't make someone do something in this business.

You are so kind;) I wish I would have more energy to think more videos thru and put up more content, but it is what it is for now;) Thank you!!!

I'm a mtg broker 22 years watch a ton of u tube on so far you have the best channel for our area as you a very personable and knowledgeable.

Sure Jim, whatever you say. How do you know we are not at the bottom yet? Do you have a crystal ball? What makes you say it is the worst of times? Have you bought stocks when they crashed in March 2020? Did you time it perfectly and act? You don't have to respond. I'll screenshot your comment so I can make a video about it in the near future when the market does bounce back and all the buyers rush to buy again.

@@IgorPechkovskyi Ive been through multiple market ups/downs since 1985. After a few, you learn what to look for. At some point this will turn around but not until we have complete capitulation follow by a flat sideways mover & yrs later we could see a sellers market. Many are expecting a "V" or "U" shape recovery which many wish for wont happen this time for many global financial reasons which doesn't make me happy in stating this as it will hurt many that didn't plan for this situation. I am praying for all of us. take care

PS were not at the bottom, we are on our way there but that could be 18 months out ask any economist that knows his chit.

I appreciate you watching it:)

I usually cover the Eastside as a whole, but I might have a few touches on Kirkland here and there:) If you ever have any specific questions, reach out to me over email or text, I'd be happy to connect and answer there:)