Real estate expert reveals the best way for Americans to accumulate wealth
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- Опубліковано 25 тра 2024
- Madison Ventures Plus managing director Mitch Roschelle discusses the challenges young people face buying a home on 'Varney & Co.' #foxbusiness #varney
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High interest rate causes house market declining, less people are buying houses. more empty comericial buildings are converted into residential condos wich results in rental declining.After covid, more people are working at home, artificial intelligence technology has eliminated many office jobs, and commercial buildings are vacant and converted into apartments.
With rates climbing like never before in ’23 coupled with uncontrollable inflation, and our own mortgage at now 7.5% what are the best alternatives/strategies for avoiding a crunch and maximize my $200k savings other than moving in to an RV with my two kids and wife.
You are not alone we can no longer afford our mortgage, husband wants us to travel or relocate/I am proposing cashing in, walking away and renting while putting the rest in the stock market.
I believe that for the market to normalize, there must be a minimum 40% decline in home prices. It is advisable that you get advice for appropriate portfolio allocation from a knowledgeable advisor if you are unsure about purchasing a home. That's how I've managed to survive for the past five years and accumulate about $1 million in investment returns.
that’s some interesting numbers, mind revealing this person guding you ? he/she must be a seasoned advisor
Vivian Jean Wilhelm is the licensed advisor I use. Just google the name. You’d find necessary details to work with and set up an appointment.
At the very least, I now grasp the concept of leverage. Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely.
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing…
If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.
Consider reallocating from real estate to other reliable investments like stock, crypto or precious metals . Severe recessions offer market buying opportunities with caution, as volatility can yield short-term trading prospects. Not financial advice, but it may be wise to invest, as cash isn't ideal in this period.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch if you don't mind
Vivian Carol Gioia is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call. Her expertise is impressive, and I'm eagerly anticipating our conversation.
Great video, The first $100,000 invested was amazing. But when you hit $300,000 it’s like smashing the glass ceiling! I cried.
I completely agree with you! My first 100k took a long time and wasn't that special to be honest with you. Once I hit 300K that is the game changer in my opinion. At this point my money is basically making me a pretty good yearly salary. When I go to sleep at night I know my money is making decent money with the help of my FA!
Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks.
I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.!!
"Angela Lynn Schilling" is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.!!
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip""
fear a housing crash due to people buying homes above asking prices with little equity. If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.
Consider reallocating from real estate to other reliable investments like stock, crypto or precious metals . Severe recessions offer market buying opportunities with caution, as volatility can yield short-term trading prospects. Not financial advice, but it may be wise to invest, as cash isn't ideal in this period.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five aiyears now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.
Thank you for sharing. Financial education is crucial today to show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. This dedication to continuous learning is inspiring...managed to grow a nest egg of around 2.1BTC to a decent 15B TC in the space of a few weeks... I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape..
Trading without professional guide... Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders.
Problem is real estate has extra expenses like mortgage, property tax, maintenance, HOA, etc.
only if the property is empty
@@eliasastudillo6966 with mortgage not much money to play with unless cash flow is way above market levels.
A home you live in is NOT an asset, it’s a liability. A second property you rent out is an investment.
Buy a duplex
The experts are wrong Buy gold and silver.
They are not experts.
@@chee6060Exactly. I misspoke.
Buy high, sell low?
rofl
Bitcoin is wealth that doesn’t leak. Unlike realestate.
break the law
claim you are from another country seeking asylum
steal someones IPO like Facebook, or Tesla did
This seems like the worst period.
Even the market are now very unpredictable. Started investing recently when the market prices were a bit high,today I am more than 60% down!
Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to Sonia campbell
I agree just reached my goal of $500k monthly trade earnings. Setting realistic goals is an essential part of trading
Please educate me, i'm willing to make consultations to improve my situatio
She's recognized as 'Mrs Sonia . One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
I even thought I'm the only one she has helped walk through the fears and falls of forex trading.....
We are completely priced put of the market!! Who has $80-150k to drop on a down payment? Who has $3.5-5k/mo to drop on an 8% mortgage? Not a single young person has that. Builders are not building starter homes anymore. Builders are building large rental properties the only rentals that young people can even afford are apartments. Townhouses are becoming unaffordable. This is missing the point completely. There needs to be a complete reversal in economic policy that forces these large entities to sell off their realestate assets to the people actually living there ie mortgages and condominium agreements. We need to blast through the zoning and building permot fees to actually build more housing. In my city you will pay almost $200k just to get the permits to make a site buildable. At that price the only thing you can build is larger multi-family. We want modest single family homes at reasonable prices. But you have massively overinflated housing prices and current owners unwilling to take any kind of a lose in equity accural.
There is also millions of illegals here that are taking all the rental properties which inflates prices because of supply and demand.I would bet that if we could deport all of them including the ones that have been here for decades illegally,prices will fall.This isn't the main cause of the real estate high prices,energy costs are but this contributes a lot to the housing supply problem.
Lol, they forgot Texas home overvalued and will be a trap for anyone thinking to refinance later on an overpriced home.
Sure you can build wealth with a house, but for most people they have that wealth tied up in a place to live in. Another issue with that equity in the house you need to consider the drain of money from excessive property taxes, they continually rise year after year. Factor in all the money put into repairs and maintenance and the equity doesn’t look as good.
Buy a smaller home that costs less and invest the extra money into stocks and long term will work out better, only real estate that’s an investment in real estate you rent to someone else and positive cash flow.
the banks are seizing houses left and right
the illegals are being allowed to literally STEAL THEM, just like back when MAGA Reagan let the fiIth stay
People want to buy homes but prices are ridiculous. The average home in CA is $500,000. That’s a starter home for half a million.
20 years ago the same house was $100,000.
You want people to buy homes make life affordable
Real estate is the game for regular folks. A house lets you be your own bank.
Young people do see a huge price tag and relatively high interest rates. We can’t afford it…
This is TERRIBLE advise... 1:18 what happened in 2008? Never trade precious metals for real estate in uncertain times...
When the economy goes broke, nobody is house hunting.
There's no property tax or upkeep on precious metals .
So how do I buy a house as a millennial?
I bought one as a GenZ. What have you been waiting for?
You don’t right now. You save for now in metals and wait for real estate to collapse while metals to go up as ALWAYS happens every business cycle.
Position yourself in the correct market. If you can't afford real estate where you are, question why you're there.
@@federalistpapers4523 Congrats. When did you buy? You must be one of those hard working folk the government seems to hate do much.
squat in it, or say you are a immigrant
Naaaaa the older folks want to cash out and leave us with the bill
Best way..stop eating out, stop buying crap from QVC or HSN, pay cash, bring lunch to work, stop using credit card unless you have to, stop grub hub, dont buy an expensive car or $100k tryck..its a trap..then with the money you saved invest or put it aside as savings or 401k
Point: I bought a new house in Denver in 1983, ( with a 3 2 1 buydown, interest rate ended at 11.5%.!!! ), then was not able to sell until 10 years later for more than I paid.!!! So real estate is NOT all that it is cracked up to be for an investment. My opinion.
"You Will Own Nothing...And You Will Be Happy" and they are limited enough to believe this!!!
SoCal 3bedroom condo I bought in 2017 brand new is now worth double its price. I don’t want to sell it because I want to leave it for my kids so they don’t have to burn money in overpaying for housing when wages can’t keep up.
I don't disagree, but buying real estate is out of touch with reality for most young people right now.
It sure would be neat to buy a house. I feel like reaching through this phone.
The hard part with real estate is the cost to get in. Someone can invest a few hundred a month in the stock market and build long term wealth easily
Buy annuities. They ain't makin anymore of them.
Stop paying taxes. Get rich quick.
Nope: RE has carrying cost and just like this guy, everyone ignores the carrying costs required with RE.
Metals have no carrying cost. Stocks. None.
RE has returned about 2% over time. Everyone that says they made 15% on RE is ignoring the closing cost, carrying cost, taxes, fees, HOA's, maintenance, upkeep. the cost to find and sell it.
In long run we all die
True but stupid statement
cant wait
The world is full of negativity. We don't need to more. Be optimistic
Why wait?
@@veronicapetersen8915negativity will never go away! It’s part of this reality. Negativity breeds in unfairness and this world is full of that!
Thee best way too gain wealth get property go too your local home department store go threw thier plant clearance section invest in thier purchase go plant on property go get a new appraisal
In this economy, maybe REITS are better
Real estate really isn't the best way to create wealth, it's only a "good" investment because real estate has all these government protections, regulations, NIMBYS, real estate associations,etc...When real estate becomes an efficient market, real estate will not be a good investment.
I'm very confused there's a home flipper that in the next few months he is going to be homeless if he don't sell a home soon..
It’s easy, don’t use worthless non value added realtors who only care about commissions. Never use a realtor to sell your house, don’t buy in government inflated markets.
The U.S. economy can actually get better if only the govt can start making better decisions for the sake of it's citizens, cos' they've really made life more difficult for its residents. Hyperinflation has left the less haves bearing the brunt of the burden. Its already eating into my entire $620k retirement portfolio. Like where else can we invest our money with less risks?
Just get a financial planner straight up! personally, I would invest in etf and also love investing in individual stocks. yes it’s riskier but I'm comfortable in my financial environment.
I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
Who is your advsor please? if you don't mind me asking
The advisor that guides me is Amber Dawn Brummit, most likely the internet is where to find her basic info, just search her name. She's established.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
No dia madre para mi newtre
Guess what you there’s a solution that never existed before 2008- Bitcoin. The only real -scarce asset.
The only problem right now is real estate is in a bubble that is ready to burst.
There is no bubble!!!
lol , ok. Keep telling yourself that
@@vsFY2023 ok, Genius. What’s going to make this “bubble” burst? *Commenting for future reference
It’s already happened. Check out pricing / new home sales in boom markets like Idaho / Florida / Texas. Lowest turnover since the 90’s. Lowest mortgage origination in 30 years. All precursors. Unemployment drifting up / insurance exploding / property taxes drifting up / watch and learn !
@@vsFY2023 OK 🙄
BS! owning a home for investment comes with lots of expenses, repairs, lost rent, evictions, interest payments, taxes and insurance. Unless you can buy it cash don’t touch it. Guys like this are spending other people’s money to buy and have no skin in tge game. I’ve owned rental real estate for 20 year and have also invested in the market. Tge maker has outperformed my real estate by a ton and it ain’t Even close
This guy botched the analysis. 0:26 Only "two ways that wealth has been accumulated on this planet." He says gold and real estate. Nope, railroads, fishing, artwork, diamonds, rubies, liquor, wine, cattle and businesses like the Dutch East India Company have earned great wealth. This guy is rookie. Stocks and bonds are not in the same "basket" as gold, either. Three different kettles of fish.
Not at massive interest rates
Massive? Study history.
@@OneWildTurkey maybe you should ROFL 40 year high
Exactly. It's got a lot more potential do decrease than it does to increase.
Unless you're talking about a hit and run. This video is more about the long term.
Dont be lazy and relay on ccp for everyrhing. American productivity is low.
Borrow $100.000.00 and buy K Mart stock!!!
You will own nothing and be happy
Too bad those losers can't control rent 10 miles away.
agenda 2030
Cryptocurrency
How can young people get into a house when they have to make 6000 a month or more to rent
Where do you live that cost 6000 a month?
@@marievogt4705 most cities in America where it's required people make 2 to 3 times the amount of rent to qualify. We all can't live at the Whitehouse like Hunter you know
@@marievogt4705 and the tiny homes are great but how can you have space for a tiny home when you have tent cities
@@marievogt4705 should a call Japan and ask for some sleeping mods now
@@marievogt4705 we can put the sleeping modes right next to Gavin's toilet like we do in lockdown
Nope. Real estate is not liquid...your money is in your walls, good luck buying groceries with that. The USA Stock Market - there is no alternative. 9% over time, Vanguard VTI with dividends reinvested, highly liquid, like a bank account. RE about 3 to 4%, with wealth tied up. Homes are for living in.
the burden on real estate is astounding (maintenance, taxes, mortgage, insurance, squatters, etc.).
real estate is way overvalued and with current generations not having kids, demand will be on the decline.
Real estate is the dumbest long term investment now.
you got it backwards, it's a great long term investment, the market is going to go down, it always goes down just different excuses. timing timing timing
@@user-sb7vd9qc4y You don't buy at the peak of any cycle, so no.
I glad to have an adviser who is excellent in what he's doing , you changed my entire life and I will continue to preach and song your praises on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Bruce Murdock Advisory!!!!....
Run a quick online research with his name...
his website is widely available online.
Powerball?
These two are so out of touch 😂 CORPORATIONS ARE BUYING ALL THE
AFFORDABLE HOMES and driving up rental prices
I CHOOSE DE-DOLLARIZATION.
metals not bytes
lololollolooolololllllololooololololl
The reason why Arab Muslims are rich is a religious and divine reason. It is BECAUSE of religion that Arab Muslims are rich. God is the owner of all wealth and Goodness. It is Because of religion and faith in God that Arab Muslims have money cause God prophesied through the prophet Mohammed that wealth(money) material luxuries would be a test for the Muslim nation. the prophet also taught us how to enjoy money in a way that is pleasing to God turning enjoyment of luxuries into an act of worshipping the one God of Jesus and moses. Here is the proof from the religious scriptures -
Wealth is a trial for the Muslim nation.
Ka'b bin 'Iyad (May Allah be pleased with him) reported: Messenger of Allah ﷺ said, "Verily, there is a Fitnah (trial) for every nation and the trial for my nation (or Ummah) is wealth". At- Tirmidhi, who classified it as Hadith Hasan Sahih.
وعن كعب بن عياض، رضي الله عنه، وقال سمعت رسول الله، ﷺ ، يقول: " إن لكل أمة فتنة، وفتنة أمتى المال" ((رواه الترمذي وقال: حديث حسن صحيح
Riyad as-Salihin 480 (Book)
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Don't Donald J Trump🇺🇸🤡 not okay vote work 2024
Please go away or learn how to put an understandable series of words together
Fox Business:
OF Jesus 😇 yes / back Not Trump😈🤡🔴
Republican-led states still have the lowest household income and the highest poverty rates in the nation.