Investors have been racing to buy as much US real estate as they can. Learn how it impacts the housing market and how you can use this information to make money.
– The Federal government is backing home loans up to $1M
– Building material costs keep going up with supply chain issues.
– Inflation is making everything cost more. Everyday stuff keeps on getting more and more expensive, and you need more and more cash in order to buy it
– Investors are building their empire of income-producing properties, taking advantage of rising home prices AND rising rental prices. With inflation continuing, big companies, retirement funds, and investment corporations, all have one thing in common. Their ultimate long-term goal is to scoop up as many affordable homes as they can and rent them out.
Where ever you live in the nation, some housing markets have seen 12%, 16%, and 20% plus increases in home prices in just one year. But wait there’s more! Here’s where things are about to go from crazy to Absurd!
Housing Market Crash, Bubble, or Foreclosures? There is a huge difference between 2007 VS today. Back then mortgages to anyone and everyone, with no money down, 1st and second mortgages with balloon payments. After the introductory rate, the mortgage payments went up. Today buyers must prove that they have a good income, a good credit score, sufficient savings, and a 5 to 20% down payment in order to qualify. Today, banks have higher standards, higher hurdles to qualify for a loan.
Today we have a supply and demand issue. Not enough houses are being built compared to the number of homes needed in the US. Material shortages make the cost of everything that goes into building a home more expensive. On top of that, we have a skilled labor shortage which increases the cost to build. Zoning and permit restrictions limit the number of homes allowed to be built. Baby boomers and others at retirement age are buying second homes and income-producing properties during their peak earning years. Many are worried about rising inflation and they see low-interest-rate real estate as a hedge against inflation.
The truth about the housing market. The home market is the foundation for many in the US and the largest source of wealth for most Americans. 90% of the world’s self-made millionaires created their wealth in real estate? They started with nothing, and slowly, over time brought them self’s up. The wealthy get wealthy, not by saving money, but by investing money, and leveraging the money they have. The wealthy, invest in things that cash flow. No get rich quick but look for the long term. No gambling, just conservative real estate investing allowing them to take the tax write-offs and gain the cash flow. That’s what the wealthy do. They invest in assets that appreciate over time. Life is about choices and taking action.
Brought to you by:
Jerry Pinkas Real Estate Experts
604 N 27th Ave
Myrtle Beach, SC 29577
Search Homes Here – https://www.HomeGuideMyrtleBeach.com
Should You Buy A House Right Now? – https://youtu.be/4xDjSnqwvzo
Inflation What you Need To Know – https://youtu.be/aqgn_0A4TSc
Why Aren’t Home Prices Dropping? – https://youtu.be/9IiWQCNZVdA
Real Estate Housing Crash Cancelled? – https://youtu.be/HnULna6sb6c
Buying Your First Home – https://youtu.be/0xStKprTK5k
Buying Vacation Rental Investments and Beach Condo Financing – https://youtu.be/zCbxwr0gykw
Before Buying Land and Building A House – https://youtu.be/bzIQv5Sd6ao
Cash Flow Positive Real Estate – https://youtu.be/xpIzfDPl4LM
All information given in my videos is meant to be educational. This video is not intended to replace your own research, nor to provide legal, investment, or financial advice of any kind. For legal advice consult a lawyer.