No offense to the Nashvilles and Phoenixes of the world, but unless your State name ends in York or -fornia, the median house price there is probably going to revert back to 350K range once all the dust settles from the great covid equity eruption. $499K is an outrageous amount to pay for a "median" house that isn't on the coast.
@@EthanFlynn it's actually been on the market since 2021 off and on, but it's because he's trying to get an 81% return in just three years after purchasing it. Greedflation.
I've been saying for years ever since the record deficit spending and the FED started raising rates due to inflation that are going double digits before this is over. I think you're 100% right that rates and inflation haven't peaked. I hope it's not the case but that would mean the end of first time home ownership for a decade at least.
🎉🎉🎉 Hi 👋🏼 Ethan Always follow the money to find out what’s really going on. Lots of the wealthy elite billionaires are cashing out on some huge investments and you know that they know what’s going on. If you are trying to become wealthy just follow what the big guys are doing. We are in a recession and things are starting to show it. But like I’ve said before; I believe that the Nashville area will be one of the last places to be hit by this recession. Thank you Ethan for another great video. See you next Saturday. Blessings,Carlos ✝️🙏❤️😊🇺🇸
We've been in a recession since October 2023. People are not realizing the delay is real. It's entertaining that no one has paid attention to Michael Burry. He made this very statement above. He's spot on. The balloon is deflating. Do you hear the hiss? Real Estate has never done well in recessions. Who said that!?
On aggregate RE is not nearly as volatile and national home prices barely budge outside of 2008. It’s one of the reasons I think national home prices are a silly measurement. Local markets can have dramatic changes that never get picked up when you take the median of an entire year.
@@EthanFlynn my client bought the last penthouse for $3.5 and put another $5 million into it and it’s a 4 bedroom. They also own a 2 bedroom a floor down and they don’t even live here!!! Just love them some Broadway.
this goober calls 30% price reduction aggressive.. lol.. anything less than 60% is not aggressive.. this video is just another buy buy buy realtor snow job.
😂 Why stop at 60%? Why not 90%? There are 2500/mo in nashville that are buying no matter what. Just trying to help them. Zero interest on my part to convince anyone to buy. But for name calling “goober” made me laugh. Thanks for that.
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No offense to the Nashvilles and Phoenixes of the world, but unless your State name ends in York or -fornia, the median house price there is probably going to revert back to 350K range once all the dust settles from the great covid equity eruption. $499K is an outrageous amount to pay for a "median" house that isn't on the coast.
@@CaptainCaveman1170 we would welcome that. None taken.
Try Montana. Bozeman median price is 900k
@@chrisguillen1495 For some reason, people decided to make Montana an honorary Coastal State!
The listings in Phoenix Metro are GARBAGE houses in the median range. NOTHING decent is on the market for the last 2 years.
Not changing? I thought inventory was growing there?
The cold part about it is that Zillow says it's only worth $9,182,800. 😂
@@UrbanAssetProtection bet he would take $9M.
@@EthanFlynn 😆
@@EthanFlynn it's actually been on the market since 2021 off and on, but it's because he's trying to get an 81% return in just three years after purchasing it. Greedflation.
@@EthanFlynn He should consider $8M PDQ.
Real estate only does well if they aren't over inflated. Areas where housing is still affordable will do well. This is the begining of the crash.
🤞
I've been saying for years ever since the record deficit spending and the FED started raising rates due to inflation that are going double digits before this is over. I think you're 100% right that rates and inflation haven't peaked. I hope it's not the case but that would mean the end of first time home ownership for a decade at least.
I hope it’s not the case either.
🎉🎉🎉 Hi 👋🏼 Ethan
Always follow the money to find out what’s really going on. Lots of the wealthy elite billionaires are cashing out on some huge investments and you know that they know what’s going on. If you are trying to become wealthy just follow what the big guys are doing.
We are in a recession and things are starting to show it. But like I’ve said before; I believe that the Nashville area will be one of the last places to be hit by this recession.
Thank you Ethan for another great video. See you next Saturday. Blessings,Carlos ✝️🙏❤️😊🇺🇸
Thanks Carlos!
We've been in a recession since October 2023. People are not realizing the delay is real. It's entertaining that no one has paid attention to Michael Burry. He made this very statement above. He's spot on. The balloon is deflating. Do you hear the hiss? Real Estate has never done well in recessions. Who said that!?
On aggregate RE is not nearly as volatile and national home prices barely budge outside of 2008. It’s one of the reasons I think national home prices are a silly measurement. Local markets can have dramatic changes that never get picked up when you take the median of an entire year.
All buildings of decent height sway.
Yeah. I don’t know that I could live there.
Omg is that your wife in the profile picture?! She’s beautiful! Omg the kids will be such cuties! 😳😍🥰🥰🥰
Thank you! We have a daughter and she is beautiful too 😊
just like an airplane wing will flex, a tall building has to sway. It is actually engineered that way,.
Not sure I could live there. I guess you get used to it.
Tony has been trying to sell that 2 bedroom for years.
@@vandysteve6012 lol. $10M. How do you even value that?
@@EthanFlynn my client bought the last penthouse for $3.5 and put another $5 million into it and it’s a 4 bedroom. They also own a 2 bedroom a floor down and they don’t even live here!!! Just love them some Broadway.
Wow. How do you put $5M into a condo?
this goober calls 30% price reduction aggressive.. lol.. anything less than 60% is not aggressive.. this video is just another buy buy buy realtor snow job.
😂 Why stop at 60%? Why not 90%?
There are 2500/mo in nashville that are buying no matter what. Just trying to help them. Zero interest on my part to convince anyone to buy.
But for name calling “goober” made me laugh. Thanks for that.