Landlords: The good times are over.
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- Опубліковано 1 жов 2024
- Everyone is upset at real estate investors.
There are people out there that hate real estate investors. They hate that we horde supply and profit off something that should be a fundamental basic human need.
I recently received a call from a frustrated individual accusing me of pumping up the market and contributing to the commoditization of homes. So join me as I share my perspective on the heated debate of real estate as an investment, the current market dynamics, and the challenges faced by both investors and tenants.
Whether you're a real estate enthusiast or a skeptic, this discussion offers valuable insights into the complexities of the housing market. Don't forget to like, subscribe, and leave your feedback-your thoughts help shape future content!
And to the caller that reached out, thank you for that discussion. Would love to have a live discussion and debate with you!
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Keep pumping out content. Don’t worry about the loser haters.
Thank you so much! It's good to hear the other perspective though, I want to hear their opinions to challenge my own thoughts.
you dont care because you are just clipping volume, only when volume dries up do you freak out 😄
Yes of course, last year the volume really dried up compared to the previous years. But thankfully our team is consistently in the top rankings because of a loyal repeat customer base, and people always need to move, so we have people to help. But volume has definitely slowed down.
It’s not the landlords doing it , it’s the banks and the government that people are mad at.
Be fair and not greedy and no one will hate you. Similar as that.
who says where the fair line is set?
Bitcoin > Real Estate
People need homes they don’t NEED Bitcoin.
@@jordandowland7256 exactly, people buying houses to make money off of is a crime of humanity
Housing is a consumption good, not an investment. It's a basic human need.
Houses are unaffordable for the vast majority, especially younger generations because of real estate investors bidding up the price.
House prices need to fall to the utility value
Bitcoin will drain the monetary premium of real estate In our lifetime.
Not attacking real estate investors.. this phenomenon is a result of the incentives of Fiat money. Where the fruits of your labor, where you store your money in, the dollar, is constantly being debased so you are forced to speculate on something.
And at the end of the day, real estate is trending to zero when you price it in Bitcoin. Bitcoin is the superior store value in the world compared to everything else.
It's understandable that people are frustrated when a lot of businessman don't understand sustainable business. The idea is to create wealth so that other people can then spend their money and trust you in the process so that all people will want to do business. If more people were focused on the long-term profits, we would not be here in this situation with housing.
The problem is that mortgages renew every 5 years, it's quite rare to get a 10 year term (and terms that match the 25-30 year amortizations like in the US don't exist here). So even if the businessman got a great rate on the first few terms, any future terms are subject to massive potential interest rate increases. Like the mortgage renewal wall that's coming up in the next 2-3 years.
how about opening a business? i know its hard
I own two businesses already? How do you think I got the capital to be an investor?
@@KennethYimHomes there are million ways getting capital. why dont you talk about those instead of pricing out people out of the market. theres nothing sexy in producing cash without value to anyone. lets talk bout nvidia... yey we all made money.its not a great topic of discussion. its not smart or clever. its just turning 1 into 2...
The caller is right.
what is the incentive for people to risk their behind to build and or improve homes? wakeup.
Renters should unionize, then do collective bargaining to the landlords.
If one person doesn't pay then it's the tenants problem. If all renters agree not to pay then it's the landlord/banks problem.
silly
Mr. Yim, I hope you are enjoying the cool market activity and enjoying burning through your savings each month and enjoying $1000 to $2000 negative cashflow on your rental property each month. No worries more joy is on your way at renewal.
LOL thanks the house of cards comes crumbling down, oh no!
... by the way, that's per property.
@@KennethYimHomes by the way, nice Tesla. Let me know if it comes up for sale next year.
@@MR007-r3f how could I let you know when you hide behind a keyboard? Don't worry, it's not for sale. Thankfully I have other sources of income, so beat it.
@@MR007-r3f bud, quit wasting so much time and energy listening to his content. Go fishing or something geeze.
@@mechanicalrev Who listens to his full video/s! I'm just here to comment.