Celebrity real estate broker gives reality check on housing
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- Опубліковано 16 вер 2024
- The Agency founder & CEO Mauricio Umansky joins 'Varney & Co.' to discuss plummeting office values and provide his take on housing prices. #foxbuisness
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I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.
Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
The enduring US stock market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.
How do I reach out to one? my assets have been struggling since 2022 and I’ve been holding on by the skin of my teeth.
“Jessica Lee Horst” 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.
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighborhood that cost around $450k in sales in 2019 are now going for $800k to $950k. Every seller in my neighborhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.
Home prices will come down eventually, but for now; its best to offset some of your real estate investments and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
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's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
Melissa Terri Swayne’ maintains an online presence that can be easily found through a simple search of her name on the internet.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website… thank you for sharing.
I've been an investor in Apple, gold, housing market as well, because I strongly believe in them. I've always believed in the stock, but now I don't know if to re-distribute my portfolio and put some money in Nvidia or Tesla . especially now that we are experiencing a market correction..
Both stocks have a long term potential, The most important thing is the ratio of the distribution based on the financials of each company. There are many other companies that are also doing well. You could just hire a financial advisor to guide you. A financial advisor really does help me do the distribution even between different asset classes. I don't even understand technical financial terms much. I just know I make really good profit, and I don't have to stress myself a lot.
I've got similar problems and I have also considered using an FA but I don't know how to go about it. Please, what are the steps for getting one? Like a really good one.
Gabriel alberto william is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
Thank you for the recommendation. I'll send him an email, and I hope I'm able to reach him and connect.
We don't need government subsidies for anything. If there's a demand for anything, let the free market take care of it.
I’ve been saying that for years
And flooding the market with more housing won't solve the home ownership problem as long as corporate landlords keep buying them up.
@@susandean5622 This doesn't get discussed nearly enough.
The free market has gotten us into this situation. See Blackrock and other corporate predation on housing.
@user-fy6zy5zv7o Blackrock is not representative of a free market. Regardless of that poor example, there are flaws in any economic system or system of government. However, it should be up to the consumer to decide, not the government.
The government needs to stay out of housing. Turning office space into housing is a terrible idea. The American dream is single family housing, it is not families stuffed into buildings not designed to be homes.
The government needs to worry about themselves not we the people. Do your job so we can do ours.
They are following China’s systems. Shove people on top of one another.
Government subsidies? (Higher Taxes) Hell no!
Stop big companies from buying single family homes
Remember, the government declared war on poverty decades ago. How did that work out?😂😂
Gavin Newsom was going to solve the homeless problem in California , after 20 years and more than 20 billion dollars later , California leads the nation in homelessness !😂😂😂😂😂😂😂
Instead of asking a homeless disabled person in a wheelchair where they want to go,
(happened recently in Ca) then, shipping them there to that county to be " served" ,
Why aren't cities taking care of their own homeless population?
They have the funds but are using them for something else.
If there are too many empty office or commercial spaces, renovate them or tear them down before new construction projects.
People used to live in motels with kitchens or camps. Anything temporary is needed again.
Mental hospitals are also needed.
Make people a priority not just profits.
Taxpayer funding of real estate millionaires.
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst
Could you possibly recommend a CFA you've consulted with?
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
.
Thank you for saving me hours of back and forth investigation into the markets. I simply copied and pasted her full name into my browser, and her website came up first in search results. She looks flawless.
You cannot convert office building to housing. Not enough elevators. Not enough water. Not enough sewer pipes for all the bathrooms needed. Not enough parking. Just no it doesn't work so we don't need to talk about it. The way you attract businesses is lower the rental rates.
WE ARE NOW $36TRILLION DOLLARS IN DEPT AMERICA ‼️💀
The right choice of an investment has always been a big problem for me I know picking a wrong investment will leave a big scar in the future
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
I'm surprised that you just mentioned and recommend Mr Brian Nelson. I met him at a conference in 2018 and we have been working together ever since.
If you look at the housing market on a chart, It's over extended and due for a correction or crash. He's got a lot of money in the housing market and he wants you to buy his investments.
It's usually cheaper to demolish and rebuild new. Office buildings don't have a mechanicals needed for housing. If you want a shower/bathtub and a toilet it needs a 3 inch drain pipe and vent pipe to the roof. Apartments need 100-200 amp panels with GFCI in the bathroom/kitchen. Apartments/Condos need individual ac/furnaces that can be replaced usually and/or private utilities. The only exception would be small 1 or 2 story office buildings can usually be converted with more ease.
He’s a glossy real estate agent middleman. He has no idea what he’s talking about just getting media coverage for his business which is a pathetic company anyway.
There is NO housing shortage. We have flipper and investor epidemic.
PREACH.
Their day of reckoning is coming my friend
We need Trump back now more than ever to save this country 🇺🇸
😂
Who thinks Harris is 1000X worse than Biden(?.
They are the same.
@FrankGallagherr
What's A matter Frank ??
You would probably do a better job than mr. lying trump ??? So wadda say, lets give her a chance huh ?? 4 yrs with Kamala, is better than 4 mos. with Trump ??
We will still have a democracy with Harris/Walz
W/Trump...God Help Us !!!
THE MAN GAVE TOP SECRETS TO RUSSIAN MEN IN " THE OVAL OFFICE " !!!
and showed people @Mar a lago Don't believe it ?? He said so himself, Google it !!!
( he gave more than we even know ) It made him feel important, and he could use it for favors ...How do you feel about him hiring his children to wk. in the WH with absolutely zero experience ?? Can you imagine if a Democrat did that ?? Let me ask you this Frank, where's Melania ??
You see the loving relationship between Joe and Jill...Kamala and Doug, Trump is the first President to have a wife that does not want to be seen w/ him ? She stays for the lifestyle, not Trump !! Don't get me wrong, I don't think she's A Saint, I think she has awful behavior. Aren't you tired of paying for her TEAM to keep her beautiful ? LOL(u should be)
Frank, I could go on for a bit, but I am gonna end with this, because it broke the heart of millions of Americans, myself included ..That kind Sir was JANUARY 6th, 2021
I AND MANY, MANY, OTHERS HAVE NEVER GOTTEN OVER IT !!!!! For Trump to Continue to Threaten Violence on this Country, How Dare He !!!!!
Many Blessings Frank 🙏
Harris is much worse, her VP is even further to big government left.
Never allow investors or corporations to join the correction until the banking system that was bailed out in 08 pay up all the decades of speculation gambling. Create a new market where single family homes are capped at $120,000 even if it’s sold 30 years later….we have plenty of unemployed workers that would love to build their home and possibly the next generation housing too
No. Reduce the Commercial Real Estate TAX WRITEOFFS. After 6 months, rent it out or pay higher taxes
Hello there 👋👋, how are you doing today? Hope you’re having a good day? God bless you!!!❤❤
Why should the tax payers subsidize YOUR DEBT! Get real!
Why taxpayers have to subsidize them?
This guy is crazy, tax buyer built, privatize the profits
Nobody in their right mind would trade their 2 or 3 percent interest loan for a 5 or 6 Unless you want your payment to more than double.
Don’t move the fha loan limits up and you’ll hold housing prices from going up.
Awesome 👏
Sum ppl sumwhere are gettin very rich over all this misery n ppl fleeing citys n states!!
TOO
MANY
PEOPLE
for this economy.
Hello there 👋👋, how are you doing today? Hope you’re having a good day? God bless you!!!❤❤
I JUST SOLD A HOME.
FATHER BOUGHT IT IN 76.
FOR 16000.
SOLD FOR OVER A MILLION.
CYA ON THE SEA.😊
lol what does that even mean???
your profile pic seems very accurate, true to life.
Americans are done with what celebrities have to say.😊
He's not wrong though !
Especially the failed celebrity reality show host
Home prices will never go down as long as we have an wide open border....11 Million new people in our country all need housing!!
Very few areas in the US have a housing shortage, rhetoric.
Government subsidies? If it has value, let private industry do it.
F that.
In 4 years everything will normalize in commercial real estate, government needs to stay out.
Gambling money away. Why acquire tangible buildings and get burdened by the government over taxes subtly collected while assets are idle?
The man loves you, Morris
2:18
When people start losing there jobs, prices will go down.
When banks stop lending, reducing the amount of buyers, prices will go down.
>>>>> Also what many in the business are ignoring is the increase of insurance and property taxes.
If housing continues higher, especially after lowering of rates, inflation is not far behind, due to the reality that if housing prices go up, so will commercial properties and those rents make up the prices of the things we buy. Or if only housing goes up, it limits how much money people have to spend and lowers economic activities. Lower economic activity pushes on the recession, with job loss, and puts pressure on housing prices increasing.
Case in point.
In my rural county there is alot,ALOT of residential expansion but because of amateur leaders(old hat,good ol boy mentality)at my county government level there is limited commercial/industrial expansion.
With all the population increases comes the need for county services(police/ambulance,roads,ect) and our county leaders answer to fund these services is to raise county real estate taxes.
And as a result these real estate taxes increases have become(are) regressive as small businesses are closing and sales tax revenue is way down.
People have less money in their wallet to spend at these smaller retailers but will these amateur county leaders figure this out?
I doubt it!!
Couldn't have said it any better, it's all tied in together.
Well sir here in FL inventory is at a 7 year high! So Florida Real Estate is going on sale now and just wait. More price reductions to follow.
He doesn't know what he's talking about!!! Prices are already falling in many cities - large and small - across the country!
WRONG ! Prices in many states are already at 2018 levels & inventory has doubled in singla family housing.
The buildings will remain, the owners of them will change
Work from home will be ending. Major employers now recognize that the production from work from home is 35% less. They have put the mouse monitors in. They have live web cams to watch you. It doesn’t matter. It’s too much. And it’s not working. Time to come back to your cubicle.
🗣POLO AND SHELL TOPS 🔥
On Comerce real estate I only hear him saying taxpayer needs to bail banks again. F that. On residential I say just pass the law that would prohibit big funds from owning single family homes and remove 10 milion illegals from the buyer market :) problem solved.
Great solution
Everything comes back to the labor market…if the labor market softens, housing will plummet
In one word: it’s over. Government subsidies, conversion to condos, rezoning, etc takes 10 years.
Convert commercial real estate to housing
Government gives small builders grant to build more homes will help the housing market
Here we go again here comes 2008 I feel sorry for a lot of folks out there right now if this happens.
🗣I JUST WANTED POLO 🚬🐔🙌🏻🤟🏿
Interesting consequences from the pandemic. Those office spaces are expensive so to make that into housing, can it be affordable?
Giving free money to unscrupulous entities such as phony contractors is a terrible idea because it’s unregulated tax payers money that’s a good idea on paper that never comes to fruition. These perfect world conversations are just conversations at the end of the day!
Blackrock is just going to buy them all.
Real estate investor for NFL and NBA money is reasons home value is a high cost of living expenses
why were we as a society not phasing out offices decades ago? many people hate working in offices because they suck. commuting sucks. dressing up everyday sucks. office drama sucks. remote work is the dream of many american workers. in other words, some of the best talent is only going to take jobs that are remote.
Things take time...wages jest went up
!I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks will be appreciated.
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nice! once you hit a big milestone, the next comes easier.. How can i reach her, if you don't mind me asking?
Wasn’t this a thing a year ago?
🏷️ commercial office spaces
Housing for illegal immigrants?
2:18
Heres why I don’t think he is right:
1) if the job market tanks, where are the buyers coming from?
- plus people will sell because they can’t afford their home anymore
2) insurance and property taxes are skyrocketing
- your mortgage is already taking up half your earnings, just to find out a year later it’s now going to take up 3/4th of you earning due to taxes and insurance increases. 2026 should be when this hits hard.
3) if commercial mortgage backed securities collapse, banks will not lend.
- Therefore you will have less buyers. Also banks curtailing lending will affect the economy increasing job loss, which goes back to point one.
4) Wall Street bought houses are sitting empty
- if these houses get sold on the open market, which they are right now trying there hardest not to do, it will lower prices and increase inventory in specific regions.
How about leasing some of these office buidlngs to young, growing Churches that need a new "home" but can't afford the crazy rental prices???
Ya mean churches that don’t pay taxes? 😂 Why hasn’t God given you the churches that you want? 😂
Offering 30 cents on dollar.
Ya out of top of market buyers
*THE EPSTEIN LIST.*
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NO TRUMP.
BYE DEMOCRATS.😅
TRUMP
TRUMP
TRUMP
TRUMP
TRUMP
TRUMP
..... one for each time he was on Eppy's flight log.
@@RicoHooverTrump Wasn't there dude.... 😅
@@JOECURR1488 Hope EVERYONE on that list packs their bags (if they haven’t already!!!) and start living their lives as illegal immigrants far from the USA!! See how many other countries will pay for their housing and hand out Visa Cards!!! And they can leave their American passports here, along with their citizenship!!! Bye 👋 Bye!!!! Trump November 2024 🇺🇸🇺🇸🇺🇸🇺🇸
WTF is this?
Yes, they need to convert them. Anything can be done!
Peter Chernin, former Fox chief operating officer, has endorsed Harris.
First again losers.
Right behind you
Thank goodness you were here to write something so important, and on topic!
And you’re proud of this? 😂
Put a bunch of sewing shops in there, easy, low cost businesses.
This man is one of the husbands on The Real Housewives of Beverly Hills. They are no longer together, cheating on your partner can do that ...?? But he does have a great voice !!