Video is a bit older but the most helpful. Other people on KZbin were making it seem like the bank would write a check for you to buy the land AND pay for the architect plus construction with all of it costs; all while just putting 3.5% down

you think a guy with money like that watches this

very well said

No the fuck we are not. Rent keeps going up and up

how is that a bad thing lmao

Your tone feels super scummy. Are you meaning this as a good or bad thing? Lower rents are better. To be clear. And if you don't think so. You are a parasite on society. So I really hope. That's not how you feel.

Simple, but effective.

very well said 👏

Or you could just ask the seller to reduce the price and buy down the interest rates yourself right? Probably a lot easier at the closing not to have these unnecessary additional and complicated line items on the closing documents. I mean it's not like they're going to buy down those interest rates prior to the closing.

How bout just a 1000’sq foot house no Pool no solar??? Everybody goes right to luxury we’re just looking for affordability 1 - 2 bed 1 bath

i want to house hack induvidual rooms in my house. Is there any specific insurance i can get to protect me. also, is it possible to rent as many rooms as i want. some cities have restricitions on that,

Hello Dear, Do you want a professional KZbin thumbnail designer?

Promo*SM

I wish your organization maximum success

Go ahead bro I'm with you

The reason housing is so expensive is these realtors and mortgage brokers like all get paid on commission. It behooves them to keep property values increasing. They didn't create the product. All the did was middle the sale. I have spent my life building luxury homes for the rich, yet wages are the same as they were in 1999. I refuse to participate anymore. Build your own house.

Hey Rick , really nice video! I was wondering if I could help you with more Quality Editing in your videos and also make a highly engaging Thumbnail which will help your video to reach to a wider audience ?

Great

Thank you

Your channel has no subscribers No attractive thumbnails SEO score is 00 out of 100 No video tag and channel tag Your channel is not SEO

Hello Sir, Want an SEO specialist to grow your channel?

Im currently without insurance on my rental. It's considered in a fire brush zone. I have to get the California fair plan, plus additional insurance what it doesn't cover. Pain in the but. I ask a realtor what my house will cost for coverage, and he said about 3500 for the year. 3b 2ba 2300 sqf. 🤨

😮😮 Not good for society.

Good stuff! 🦾 What about building in Hollywood Hills / Birds Street luxury home with a 45 degree gradient / slope? Let’s say we need 60-100 caissons going 50-60 feet deep, 1 acre land (bought for 3M) and 12000 sqft living space, 60 foot infinity pool, massive driveway to park 10-12 cars, deck around 7000sqft, top on the line amenities, flooring and materials, and tennis court built on the leveled slope? What’s the total cost and also average cost per caisson? I’m thinking 8-10M (3M land + 5-7M construction), I’ve heard 20-30K per caisson cost with a good GC, thoughts?

I just want 1000sq/ft house on 2000 sq/ft lot.

very good video

I see a lot of land in the price of 100,000's all around the woodland hills, sherman oaks, hollywood hills that say that have all of the permits ready and everything. How much per square feet would it be to build a decent home there?

Thank you!

In the ongoing Sitzer/Burnett lawsuit concerning buyer commissions, we are witnessing the alarming development of a foundation being laid for potential AI monopolies orchestrated by the major players in the real estate industry. It appears that these entities are intentionally settling this case at the expense of their investors and consumers. The "big five" agencies, which include the National Association of Realtors, Keller Williams, and HomeServices of America, seem to be working towards creating a new generation of AI systems equipped with modules designed to represent both buyers and sellers. The plaintiffs, a group of Missouri home sellers, are led by class representatives Rhonda Burnett, Jerod Breit, Jeremy Keel, Hollee Ellis, and Frances Harvey. The case against the defendants reveals a disconcerting scenario in which the losing party has strategically conspired against consumers to establish a monopoly that, on the surface, appears to go against the consumers' will and best interests. However, beneath the surface, it becomes evident that this move serves to pave the way for a new AI monopoly solution, albeit under a different name and entity, which is seemingly unrelated to the "big five" agencies. The ultimate consequence of this could be astronomical costs incurred by American consumers, while legal professionals stand to profit significantly, and the AI industry is poised to become a multi-billion dollar enterprise. This raises critical concerns about the potential impact on consumers, the real estate industry, and the role of AI in shaping the future of real estate transactions.

Small lot subdivisions only make sense to lower land cost

I'm looking out on the 14 corridor and land out there is better but then utility hookup costs more. With at least a couple neighborhoods with dry wells, even that's not a solution.

Wonderful, makes it sound realistic, and easy to understand, keep in mind, I’m old so some of this goes over my old head.

Love this video, very informative. He’s so handsome.

Yep. It’s a rip off

awww man my stniky feet are uwo so gross

meow"

i like dogs

Can you please do an updated video on purchaaing a home with student loans? Thank you

I always enjoy watching Rick's videos... very informative! Thanks!

great advice!

It has a history of discrimination against minorities. Credit score and debt could be because they choose to pay their rent before their credit card bills. Those with financial abuse in their history are being punished for the abusers acts. Credit scores should be prohibited. The only part that matters is employment, income, rental history, evictions and criminal records

Nice video Rick, 100% agree with you

I enjoyed your commentary. I found it very helpful.

Very interesting thoughts! Thank you!

Rick is one of the most knowledgeable brokers in Los Angeles, and his info is useful regardless of where you live! Thanks for the video!

*Promo SM*

The problem is that the Realtor's lobby forces people to pay money for them to be protected from things like, for example, buying a home with mold. Due to this "protection", the buyer's agent would ensure the contract has an escape clause allowing the buyer to get out if an inspector finds mold. Reality: when the market was hot, buyers had to waive home inspections. In other words, these protections are not always worth much to everyone. At the end of the day it's a fee for agents to make money from. I think in less corrupt would buyers and sellers would have any agents and attorneys who work by the hour to review documents. These agents and attorneys should be paid by the hour. Then, real estate would be like the used car market. A used car buyer can go to the dealer or they can go to craigslist and arrange for permission to have the car inspected by a mechanic or they can bring a mechanic. Then everyone gets paid by the hour. The current system where you (to get the best deal) have to submit a contract discussing a reduction in agent fees is ***** because one of the agents only has an incentive to show those offers to the buyer or the buyer's agent if they are are honest since those offers reduce someone's cut. Ideally, a well designed system that doesn't require any use of honor. TNO. Trust nobody---get rid of the need for agents altogether.

Just an observation. We have the internet. In most cases the buyer has already located a property that they are interested in, then they try to sell it to the buyers agent. If you can sell it to the buyers agent then you get to see it. That’s a lot of work to do for a buyers agent that shows up in a different car every time you see them. Maybe we just need a closing agent. The negotiations could go between the buyer and seller through the closer. Commission is way out of perspective. Selling Realestate is not the art of selling why they deserve commission. It’s selling a house. The truth is that the person selling the house is selling it to the new buyer.

A diverse portafolio has worked well for me, airbnb in a tourist coastal town and long term in the city of Alicante. The diversity has helped me increase profits.