Real Estate Investing CRUSHES Landlords in 2023

[@MrsBStacyBattleBorn]

In Vegas, rising costs in rents (since 2009-2010 was due to cash investors (which were 1st priority buyers by the banks that reposessed the home) which purchased the homes and hired 3rd party management companies to manage the properties for them. Individuals that happened to buy homes cash investors didn't buy increased their rents to match the rents being charged by the management companies, even though they managed the property themselves. In 2017 every house we tried to buy (to live in) we were out bid by a cash investor. We happened to buy this home we live in because our realtor showed it to us before it was listed because the owners wanted to know who was buying their home. We saw the home and met the owners, so by the time the home listed the sale was pending. All the home owners in our cul-de-sac apparently had agreed among themselves that they would only sell their homes to families so that the neighborhood remained a close-knit community. We have a relationship with all of our neighbors and we all look out for each other still today.

[@roberthines4882]

I TRY NOT TO SELL TO CORPORATE I BUYERS!!!!!!!!!!!!!!

[@wilbertthomas9795]

POWERFUL MAKING A LOT OF SENSE

[@nellosnook4454]

MrsB, 1. Thank you for this very thoughtful post! 2. I’m originally from Las Vegas. 3. 36 years, from 1965 - 2001. 4. I now permanently reside in Mount Vernon, Washington state. 5. 60 miles north of Seattle. 6. I have many friends in Las Vegas. 7. Some of whom are interested in real estate investing in the southern Nevada area. 8. Myself included. 9. If I may, can I ask you for any real estate investing insights as a present resident of Las Vegas? 10. Thank you very much, MrsB! 🙏

[@chiaralistica]

You're very lucky. I'll be honest, I'm the same way. I will not sell to a corporation or a non US resident.

[@ThisisJohnWilliams]

We are living through the greatest wealth transfer of all time.. as they say, money is never lost, it’s simply transferred and it’s quite easy to see where its flowing - great chat Todd

[@tctctctctc-x7c]

🤣

[@piRatCaptain]

Lol, so where it it going. I've heard about this great wealth transfer for 3 decades now by so many names. Just add it to all the other boogie men you want to be scared of.

[@kryptokingg]

​@@piRatCaptain your not rich so not to you

[@edwardstanton3571]

It's not wealth transfer. It's paying off the accumulation of debt for the past 40 years.

[@qualitytouchpainter]

Wealth transfer to local property and federal tax and banking industry.

[@Smuggler169]

A friend of mine is getting rid of his rentals. The horror stories, walls destroyed, trash in basements that required a dumpster be brought in. “Jim don’t be a landlord.” He does have a beverage drive through, car washes and laundry mats that do well. No mo rentals for him.

[@s.gharavi1614]

Yeah, being a landlord now in most areas of the country, especially the CA and NY, are terrible. Totally not worth it.

[@stevenap4594]

It’s like being a parent for adults 😂

[@stephenc2481]

it is still good if you know the type of folks you rent to. the gov't will force you to take in everyone, who can "show ability to pay". But they are not around to help you pay for damages.

[@MyBabybabz]

I bought my home in 2011. In 2021 I modified my loan to get the 2.86% interest rate. I was at 4.75%. I’m not under water. But the new mortgages I see people pay is outrageous! I’d be broke as hell!

[@rosaliethomson4655]

I have a 15 year loan. I could have gotten a 1% loan but it would have made me lose money. I refinanced in 2017 and I'm halfway through the loan now at 3.45|% because it's a 15 year and I've paid off some. Ay 74,000.00 now and going down fast - I think |$725.00 a month on principle.

[@valkester5316]

Everything is relative- my first home loan was a 5 yr ARM at 7% and I thought I had robbed the bank. But the house was 320k. It's 900 now. I sold it long ago but you get my point. If I was a betting girl I'd buy now and plan to refi, before the next feeding frenzy. I am in So Cal, every market is different.

[@MindYourBusiness1988]

My landlord hasn’t raised rent on us. So thankful

[@ThisisJohnWilliams]

Lots of great landlords out there - the media isn’t being fully truthful about landlords but after all, when have they ever truly bashed a large corporation w/their opinions

[@danventi3629]

Don’t forget to thank them. And also save up. If they happen to sale you want to be prepared for higher rents.

[@coolkiddwightps3-hoopsetc561]

what city

[@MindYourBusiness1988]

@@coolkiddwightps3-hoopsetc561 Central Fl area.

[@House_hacker_619]

I’m also a landlord here in San Diego. I have a good relationship with my tenant. They’ve been there since 2012. I charge them 500-1k less than market value. I can’t be too greedy I still cash flow 1600 a month. As long they take care of my house and pay their rent on time which they have been I’m happy.

[@dale5710]

A coworkers father was a landlord in Iran in Iran in 79 when the Shah fell. Rent became optional and the landlords started paying people to move out. But they traded information on who they paid, so those people had no place to go.

[@shyfox89]

Investors and Wall Street have ruined the American dream. The age of new home buyers has gone up, homes are so unaffordable, and now interest rates are going up.

[@crystalbluepersuasion1027]

And student loans became loan sharking, thanks to George W Bush. It’s a total ripoff of students (and their parents) before the kid can even get started. AND student loans are the only loans a person can’t file bankruptcy on.

[@wayneashley5486]

I think there's a clear difference between 'Mom and Pop' landlords and corporate ones. Rents in Houston have spiked by 30 and 40 percent in just over a year. That's not due to inflation, and it's not the Mom and Pops. Those rents skyrocketed due to corporate greed. So let's get rid of the #Greedflation and everyone will be better off.

[@sofigag]

Let's remember that Blackrock owns 40% of US real estate, then let's talk about why there are housing supply problems in the US & north of its borders😬

[@user-pf5xq3lq8i]

Residential or office though?

[@spacerider8487]

Na, my landlord has 10 homes. How many homes does someone need? Residents should own 1 residential home. Stop being so greedy

[@MarkSmithhhh]

O absolutely...I'd you're a landlord that just has a coippe properties they've picked up thru their lives. That's great. Good investing...but these corporations coming in.amd paying cash for entire neighborhoods to then jack tje prices up on rent is ridiculous

[@brucetec6597]

​@Space Rider So everyone should stay poor, too, with your logic.

[@robertsugarland]

Mobile park Corporations are also leaving mobile homes owners almost homeless with the raise in rent, and they can’t take their homes out of the park either unless they have $5k or more to move them out !

[@seameology]

It costs a lot to move a trailer. And, you have to have a place to go.

[@dougwang9211]

Where I live, a 1br condo costs $700K, but generates only $2500 per month in rent. After property tax and HOA, the monthly income is about $1400. If I had $700k, I would just put it in saving account with 4% interest rate, which generates $2333 per month. No need to be a landlord.

[@s.gharavi1614]

That's correct .... Right now. But long term inflation is going to continue at well beyond 4%>

[@matthewsmith2362]

Most likely much more than 4 Fed will start another round of quantitative easing soon. As soon as the numbers start looking bad enough, no one wants to get their feelings hurt and loose a bunch of wealth. So they’ll do another round of the same old thing. The real ? Is how long before the BRICKS nations are done trading in the $ completely and sell off all their US treasuries. I’m not an educated man but this looks like disaster.

[@Bamapride1985]

This was one the bad things with savings paying 0.01% for so long. People tried to invest in stocks or real estate to actually earn something. Definitely created a lot of real estate investing that people just want "passive income" when it is definitely not passive dealing with real estate.

[@luxenblingco9179]

Only $250k is FDIC insured

[@s.gharavi1614]

@@luxenblingco9179 Per "bank" per person. You can just have 3 savings accounts at 3 banks.

[@may86bear]

Landlords have gotten greedy. Most did not need to raise the rents as much as they have. I think they just got caught up in the melee and now a lot of them are paying the price for being just plain greedy. 😮

[@sootuckchoong7077]

Now is a good time for those without a home to buy one.

[@stephenc2481]

why blame the landlords? the price is dictated by demand. same like everything else...food, home, job, car, gas... The problem is caused by those corporations, buying up the home inventory.

[@ohiofarmer5918]

You HAVE to raise your rents to recover from losses. The real criminals are the government who extended the moratorium. The foiking Supreme Court ruled that the moratorium was a taking for fvcks sake. One governor ,the state health commissioner, two presidents and a second national health commissioner even did it AFTER the supreme court ruling. Facists all both parties. The next time this happens I am moving in a big biker with his new lease. Maybe he can sleep in whichever bed he wants

[@shanerogers9386]

The problem is all of them. Corporations, financial institutions, flippers, investors. Big and small.

[@pnice494]

John! This is John, he's the original OG of the warning signs. A lot of people are probably watching channels like this because they heeded his warning and are now ahead of the curve! 🥳

[@kiranmaienallapaneni204]

This discussion is all over the place. Talk about residential and all the non conventional loans are commercial properties and talk about Mom and Pop landlords.

[@alyross2850]

Thank God I sold my rental 15 years ago. Over the 20 years I owned it, I only had one tenant that paid on time. Some of them never paid. I don’t know what people are doing who own rentals right now. I’m surprised there aren’t landlord uprisings on every street corner.

[@Asscofoldcrows]

Here is what is happening in my neighborhood. An agent of the federal government is buying up properties in North LA County in cash at high rates to house illegal immigrants who can't afford these homes and don't speak any English at all. They are moving several families int each home too. Schools are flooded with foreign students. The local college is flooded with students and they get extra funding from the State of California and student's don't pay for a two-year degree. If I didn't own my own home and have grand children nearby, I would move to Florida.

[@chiaralistica]

Don't come to Florida, it's just as bad or worse here.

[@marybowers6090]

I feel landlords who came on the scene in the past 7 years are totally greedy, my rents are way below market value however I’ve had to increase because massive development from outside investors has driven taxes, insurance and water bills sky high

[@s.gharavi1614]

Did they buy their properties for the same price that you paid for yours? Be careful how you label people never the landlord that were there before you, probably think you're greedy in exactly the same way as you describe.

[@dougcowles65798]

They go abnb to get a higher return . So far that's been a good investment.

[@brucetec6597]

If you're paying below market value, it's not that your landlord is not greedy. it's that your landlord is either not aware of the market or they are letting you stay there because you pay on time and it probably worth more to them to have consistency. Taxes, insurance, and repair costs have sky rocketed. So, if you expect a landlord that worked hard to acquire that property to make a profit to let it go below, market value is foolish. The person who can afford to pay more for a property is usually less likely to damage their property since they usually work a better education, job, and have something to lose.

[@BusArch42]

In recent years corporations have been buying everything. That accelerated during the eviction moratorium

[@theoffgridtravelers7316]

Awesome, I hope they go belly up. Specially blackrock and blackstone.

[@matthewsmith2362]

I look around and see everyone just spending and living good all around me and think what the hell am I missing. Is everybody onto something I’m not about making money. Then I watch you guys and get reminded ohhhh yea nobody’s paying rent, or student loans. We’ll that adds up then, this madness can’t last much longer.

[@geewizzzz11]

Great observation......well stated!

[@michellebattersby3243]

I thought they lifted the bans on evictions....

[@jdenino6022]

My mother’s friend is paying $1,700 a month rent and she is in her 70s and still working.😮

[@stevenap4594]

0% interest credit cards make people rich overnight too-

[@humanyoda]

If a state enforces eviction ban, are landlords allowed to not pay property taxes?

[@brucetec6597]

Add the mortgage and included utilities, too😂. I think the state should be liable to pay for those rents from the income of the politicians that pass these laws.

[@Portodan3482]

Coming from Mont. County, MD. I am shocked of all of the minor crimes, thefts, and robberies going on in good areas like Bethesda. People just take your car if you leave the keys or step out (Not very smart to do but does not mean you should steal cars!). Forget Germantown, where I lived from the last decade. Every week, someone has been shot, someone robbed, some sort of crime. It DID NOT use to be like that!

[@TWLogik]

Folks on a psychological roller coaster these past few yrs. They are destroying jobs and locking people out of the economy and putting folks in a lot of mental distress. Especially after coming out of the pandemic - stress! During which some experienced a middle class lifestyle for the 1st time in their lives due to all the stimulus that was given then taken away - stress!. Add to that the normal policies of giving certain groups felonies for things others don't get a charge for or at most a misdemeanor - stress! Then you have social media making folks even more depressed bcse you can see how others are living daily - stress! If you don't have discernment then you think everything presented is true. Then that makes you even feel worse and desire things that you feel you can never achieve - stress and more stress! So you will keep seeing these things.

[@ositoelosito3424]

Excuse me which state in us is that??

[@g.i.520]

@@ositoelosito3424 Maryland

[@dragonwright8913]

Increased poverty = increased crime

[@dbbdeb2327]

After 40 years landlirding I'm ready to give up. Our state has made it virtually impossible to find a good tenant. So stressful it's hardly worth it any more.

[@KOLAkola]

Where ?

[@nellosnook4454]

1. John makes an excellent point about California catering to giant hedge funds buying up distressed, crime-ridden properties at a discount. 2. California is destined to become a permanent 2-tiered society. 3. The very rich, controlling, oligarchies. 4. The very poor, servile, minorities.

[@EricCarrJeetKunedo]

I've owned rentals in los angeles and austin, I am a broker in california. Each have their own sets of challenges but owning a rental property in california is like, you're basically handcuffed. And I think you guys nailed it. For the mom and pop shops that have low rates and negative equity, basically are underwater, will get swallowed up by the big hedge funds, if the downward pressure on rents continues.

[@matthewsmith2362]

That coupled with the moratorium on paying you effing rent for years, seems like a contrived effort to make being a mom and pop landlord something of the past in the USA😢

[@EricCarrJeetKunedo]

@@matthewsmith2362 agreed

[@thechange1980]

Thanks for giving the public the factual information.

[@atlas9172]

Minute 4:20... 20% of renters are not paying rent. How many of those are getting their rent subsidized? I have a renter how paid nothing in 2020 and only 30% of the bill since, yet I have received every dime. Side note, they have a new Audi and a fairly ne Lexus in the driveway. Fair to say they will never leave the renting population making these financial decisions.

[@chiaralistica]

I'm sure they're paying 3x what they should for the cars and I bet they're leased. Glorified rental cars. I'll never understand this...

[@sterlingpaul3004]

When all factors are considered, I see a 40 to 50 percent reduction in US housing prices in 80 percent of the country. Buckle up!

[@onezero9512]

Yup! Me too. The situation is REALLY bad, the scope is worldwide, the loss of jobs every week is crazy, and the banks are all insolvent. There's no backstop--it just keeps going...

[@MsGenXodus]

About 20 years ago I had a very negative experience with a property management company. I had a 6 month lease which would become month to month after. At month #5 I put in my 30 day notice as my job was moving me out of state. I returned the apartment empty and cleaned. I left my forwarding address for them to return my deposit. 3 months later I got an eviction judgment against me and the property manager kept the deposit to cover eviction fees. That eviction followed me around for the next 7 years! I couldn’t rent anything from a property management company due to the eviction. The property management company destroyed my written notice to vacate and claimed I abandoned the property. They continued to send rent due notices, even though I turned in the keys into the hand of the property manager. I was done dirty by a shady property manager who likely was trying to fudge occupancy rates to qualify for a bonus. I trusted them to be honest, but got royally screwed over. I’m now a leasing agent and can tell you that I had a solid case for a lawsuit against this company, but didn’t know it at the time. 😢

[@qualitytouchpainter]

I here you. I am paying rent to a house that I moved out of due to mold caused by broken drain pipes. Renters have no rights against mold. They said they took care of it. However, it is a foundation problem. They are lucky someone has not died…yet.

[@RipMinner]

Certified Mail is your friend. Send it Certified and you can take that to court as proof.

[@s.gharavi1614]

They can't just evict you without a trial and you'd have to be served first and have a chance to reply before the court trial. Judges don't just hand those out. What did you do or not do? Cause those just doesn't happen on it's own.

[@BusArch42]

You should have been served a notice to appear in court for the eviction. Once you received the first rent due notice you should have responded with certified mail stating that you had terminated on x date, provided 30 day notice and returned keys. Had you done so they would not have been able to do anything to you. My guess is you called them or ignored the notices. Big mistake.

[@weighttrain1965]

John Williams has a great channel- he is easy to listen to, has great information and thoughts and he has foresight with life in general.

[@kayak9078]

Great guest. Awesome content. Thank you!

[@Freaysclaw56]

A family member with a home debt free rents the basement apt for $1,400 and her side yard has a friend living in his trailer short term for 2-3 years. She is 61 and still makes twice+ the average national income. Though she plans to sell the house in a few years, I’m not sure she will if the housing prices go to low. The plan is to leave the present job and has already got a new one lined up. It is less hours and flexible. The idea is to travel more and spend more time with the grandkids. The renter takes care of the cat while the owner vacations or is overnight/weekends with the grandkids.

[@billveek9518]

Greed is a terrible thing, I'm grateful I don't rent my properties because my kids are in them lol, they pay up or they don't inherit anything.

[@Slide61]

I agree with John that there should be some sort of Correction. However in a recent survey I did in Sacramento, one of the most 'over priced' markets in the country, everything under $250k had an offer. One multifamily I was looking at last week had 34 competing offers!! I think there are a lot of investors waiting for the shoe to drop which is a significant complicating factor.

[@stevenap4594]

They’re all using borrowed money and paying interest on it, the clock is ticking. Cash is cheap, it’s not their own money 😂 They want a good deal to minimize risk but it’s just not showing- They’re effectively digging their own grave by sitting on cash waiting for something to happen- Most are floating rate and Fed will need to get rates up to around 8% or more to push them out and have them just pay it back and eat the loss-

[@kennysuper1]

Love this collaboration between you and John! Please continue to do this.

[@nellosnook4454]

Kudos to John Williams! 👍 1. I own 2 SFH high-end rentals in Mount Vernon, Washington state. 2. High-quality properties, attract high-quality tenants, which earn high-quality rent revenues. 3. I also have an EXCELLENT property manager.

[@chiaralistica]

Not always true. I saw a $10k per month rental trashed by a tenant. It was a shame.

[@al4elohim777]

Sachs & John ! Brilliant 1, 2 punch of Truth of facts right n the face !! Thanks !

[@robot5845]

Two of the smartest guys in the biz. This is a public service. Thanks and please keep us informed.

[@geewizzzz11]

NO he is Not. ......he is overated!!!!!!!!

[@claireh.7605]

He failed as a landlord, didn’t make it as a builder, and now can’t get clients as a real estate agent so he is trying to be a KZbin personality.. his main guest got foreclosed on in the past and can’t even afford a mortgage today!

[@Stoneface_]

​@@claireh.7605wow really? Stop lying

[@claireh.7605]

@@Stoneface_ he said he lost money as a landlord and got scammed by his property manager.. now he is using his charm to get a sales funnel to get clients from KZbin and make money by giving them referrals. That’s all. My cousin makes $8,000 on his Airbnb apartment.. if he followed his advice, he wouldn’t have.

[@darkmoongaming1010]

Turning real estate into an investment instead of a necessity has led to this. Hundreds of thousands of vacant houses and apartments bought up by foreign investors, banks, REITs, etc who all only care about turning over a profit. Mind you we're in a massive housing shortage, but these investor's precious "investments" matter more than people having a roof over their heads.

[@lauries608]

Greed is the ruination of society. Let it all fall.

[@cathtf7957]

Shoplifting started in CA? Somehow it reached us, West coast of Canada too. Shoplifting is off the chart here. Not too many muggings.

[@ryanhansell2082]

Honestly for the investors who didn't see this coming and helped cause this problem I feel no pity housing prices were increasing at an unsustainable rate and if you don't see this as an investor you shouldn't invest

[@coryray8804]

Most landlords in most cities today are accepting less than asking rent to put a tenant in a empty home quick . Otherwise the home is vacant for months you must have the best priced rental in the area . Or landlord may lose the home to the bank . Do not be afraid of making a offer less than asking on rent . Yes big changes in the rental market with lower rents ongoing . Good luck

[@piRatCaptain]

It's almost like a whole bunch of investors displaced home owners to make STRs or LTRs and saturated the market.

[@ositoelosito3424]

Where is that happening??

[@atlas9172]

I dont believe you. I am a landlord and would rather a vacancy for a couple months rather than a headache tenant. Cheap rents bring bad tenants

[@PB111627]

Institutional funds that is Vulture Funds and Hedge funds should NEVER be able to grab private accommodation from families and or single people. That’s completely anti society.

[@shirleneunglesbee1423]

Real Estate provides cashflow, tax benefits, equity building, competitive risk-adjusted returns, and inflation protection on its own. Whether you invest in physical properties or REITs, real estate may help you diversify your portfolio and reduce volatility. Dividends are what got me into investing in REITs, great way to secure the accumulate wealth, I hold AMT, CCI & PSA. $290k in profits made in 2022.

[@blaquopaque]

Consistently investing in high quality dividend paying REITs & companies over the long term is a relatively easy strategy to create generational wealth. My "boring" REITs portfolio paid me over $5,000 in dividends last month. Time in market beats market timing. Some people think they can view investing as a get-rich-quick scheme, but it doesn't quite work that way. It's a long-term commitment.

[@gagnepaingilly]

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[@svengrot7943]

@@gagnepaingilly Admittedly we are only one information away from amassing wealth, I know many people who made their fortunes from the Dotcom crash as well as the 08' crash and have researched similar opportunities in this current market, could this person who guides you help?

[@gagnepaingilly]

Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. "Jill Marie Carroll" is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.

[@svengrot7943]

@@gagnepaingilly This is useful information; I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.

[@AzzekaTheRealOne]

Landlords don't contribute to community other than collecting rent on multiple properties. People are not even human beings in the landlords eyes. This is why public hates landlords.

[@billveek9518]

That's not true, they pay property taxes and that's what fuels all the government programs and services. If the tenant destroys the property they must pay and carry insurance for bad renters. You are wrong.

[@colettespencer3357]

That's not true. I'm a considerate landlord and I care about my home and tenants.

[@chiaralistica]

Most are douchebags but there are some good ones. I've always tried to be kind and I'm not quick to raise rent on a good tenant.

[@buildingbuildercip8292]

I’ve been a landlord since 1998. I remember during the 2008 crash, rents didn’t come down very much at all. I don’t see too much of a drastic rental drop coming. IMO Landlords shouldn’t be worried.

[@colettespencer3357]

I agree

[@esvenneby]

They went down 20-25 percent in my area. Orange County Ca back then.

[@stanleykowrach1957]

Great video. I am going to wait until July to try and buy my first rental unit.

[@vanbraxton8422]

Talk about how the moratorium wasn't put on the Landlord so he didn't have to pay the BANK which allowed the Bank to take the property & sell it to Black Rock

[@jkenneb1]

Great content keeping us well informed!

[@anaso2912]

The question is will people have the money to buy the house ,don’t forget those words you’ll own nothing and you will be happy, they doing something

[@qualitytouchpainter]

They want to keep property values up for the local taxes, insurance and bank interest. Your standard deduction is usually above what you can deduct for property taxes and interest and that is capped to at $10K.

[@1BadMother]

I just learned this lesson this year Sandra. Was a tough pill to swallow.

[@esvenneby]

Yep, I’ve been saying that these last couple of years. There is a method to the madness. They are steering it in that direction. It’s also why Biden just passed the law for I believe an extra 86,000 IRS agents. He wants to make sure they profit off of all the money made from the stock market and cryptocurrencies that went crazy after all of the money printing they did.

[@richardsiviter4180]

Very Very interesting I love it. Also sent it to a friend. I hope i can catch you again.

[@Steverz32]

Facts with Sachs! 👍Let’s get this information 😊

[@annemariemiguel2541]

Great conversation. Definitely thinking. Subscription living makes a lot of sense for even a young person and an empty nester. Love that idea

[@HA-nx5qn]

I’m feeling so bad for these investor landlords.😏 Stagflation is HERE and the pain is barely the tip of the iceberg. American Greed needs to be destroyed and God’s willing IT WILL BE.

[@skytrip5273]

I wonder how long it takes a bank to get non paying tenants out when the owners foreclose?

[@qualitytouchpainter]

In Texas it takes 90 days. A lot of homeowners had the mortgage forbearance for 2 years, which is around $30,000 plus $7,000 for attorney fees if they can reinstate. If they were on top of it, they could have applied for the Texas homeowners assistance grant, which only help people that owe under $25,000. Then it goes to auction and the bank will bid on it, unless someone pays crazy cash on it.

[@marcellesmith6432]

I know some banks in Fl took 6 to 7 years to foreclose. That was during the crash in 2011. They were very backed up and flooded with inventory.

[@BusArch42]

Depends. There are places in California that had eviction moratoriums in place for well over three years. Of course given the backlog it’s another 9 months or more to finally get them out.

[@vanbraxton8422]

Talk about how it was the GREED that got them in trouble

[@jdenino6022]

I sold my 2 family house back in 2002 to a man and his newly married son. Got tired of being a landlord.

[@Kurplode]

That’s the key Get the hell out of debt. Then you’re the bystander just watching things unfold in awe happy that it’s not you.

[@daviddahl8186]

The LA eviction moratorium, the federal reserve interest rate changes and the FHA modifications are different though related things. I agree with the concerns about LA, but I don't the federal reserve has the same outlook as LA. This whole thing may take more than 5 years, maybe more like 10. Timing investments can be difficult. Just like the people who purchased recently. 2023 or 24 may be early.

[@philmarsh7723]

I'd hate to be holding 2.5% mortgage bonds now.

[@matthewsmith2362]

Like most of the pension funds of this country 😢

[@cHernandez6449]

GREEDFLATION and GREEDHOUSING is the cause of all this madness.

[@KylerTony45]

People don’t like landlords because they keep jacking up the prices for no reason putting people out into the street. The rent has sky rocketed and landlords wonder why people don’t give a shit.

[@s.gharavi1614]

Landlords don't owe people housing. They're not the government.

[@TheOriginalHuckleberry]

If there's a rent strike, homes would be sale priced so that this slavery would be curtailed. Poor people should buy if priced low enough.

[@coconutcoconut-rr2ws]

Hypocrites! It's these real estate professionals promoting the practice of using a house to make money that is causing this inflation and causing grief for people who just want a place to live.

[@savankor2656]

The stores even have to tack on higher prices for loss items. Might as well just close like all Walmart in my town Portland, Oregon

[@chiaralistica]

I would never shop walmart anyway and hope they all close or burn down.

[@timfatout7082]

I also have not raised rent on any tenant. I have a house in California - market rate for rent is $3,800, my tenant is paying $2,300. But I'm guy that is causing all the problems (right).

[@AmillionRays]

You're a great landlord! I always paid my rent on time never missed a payment. My landlord raised the rent from $1350 to $2000😂😂 I moved out with no hesitation. Now, the new tenant barely paying rent. Karma came at my former greedy landlord fast 😂😂😂

[@Bagla3256]

Tenents living in same apartment for the past 10 years Either they should be allowed to buy that apartment on reasonably rates or 50% of rent of present rent

[@chad9971]

Most concerning thing I heard is that people are RENTING mansions..

[@Smuggler169]

Crazy huh? Lol!

[@TheBronzedEmpress]

Yep😂

[@esvenneby]

Occupying mansions but not paying rent. That angers me. Scumbags!

[@deancapinegro4575]

Excellent video guys- scary stuff- now I know why Peter Schiff is smiling- the amount of reverse stimi by not paying rent is disgusting- the landlord paying the tenant to leave. I would stop making payments and foreclose on that

[@doilikethis3729]

Do it, Dean. Stop being a landlord. Get a real job

[@stevenap4594]

That’s be funny if all homeowners just started renting to each other. “Yep I’m a homeowner, I just rent this one.” 😂

[@arnoldabigan]

Just to add to the 40 year mortgage. If the FHA allows to get the downpayment to 2% there will be another round of bullish market in real estate that people would never imagine. I can foresee 500,000 homes rise up in value to the millions because the monthly payments and barrier to entry would become so much affordable.

[@buildingAbiz]

It seems nutty to me that people will live in a part of a city that is falling apart with so many issues with taxes, homeless, crime, pollution, and at crazy high prices just because the weather is nice? I mean the USA is a big place with lots of other options within a lot of those problems at that high level. You can still get a job online based businesses or many other cities? I am truly curious, if you are living in CA in those ruff areas what is keeping you there beyond just the cost to move or getting a new job?

[@Kk-jz5ti]

I think what we call these “Corporate Investors” is really realtor investors. They are the first ones to know where the properties are ,they have the pick of the litter. And these might be multiple Realtor investors.. Life is like the game of chest. The only difference is is that the rich have the time to think of their next move. Unlike us poor people we have to work most of our time, go home go to bed and wake up and go to work the next day. I’m not blaming anyone it is what it is. The game is not over tho, We just have to be smarter with our money ,time , educate ourselves and keep our Eye on the prize. We can turn this around America …🇺🇸🧡

[@andrewwiener6798]

Taxes, insurance, POA fees have forced me to raise rents.

[@timothygibney159]

They wanted a $500 raise. Now they are crying and begging for me to come back 🤷

[@berthapoblacion4019]

Those landlord's will pay for there greed!!! i,know of some already drowning!!! they put the people on the street.oh well it's all greed!!!

[@s.gharavi1614]

John is incorrect. There's as housing shortage in much of the country, so rents can't fall that much. Everyone's going to have to tighten their belts.

[@carefulconsumer8682]

John is so good; he is on top of all this. Not a good time to be a Landlord.

[@jordanepistola5085]

Amazing video. I just wonder- is it even worth buying now for the purposes of investment? It seems like the only moves now are for lifestyle purchases. Any buy now will likely be a falling knife. Am I wrong?

[@SachsRealty]

I would wait, unless you’re getting a real great deal. Something with a value add, like a sub dividable lot, or higher and best use such as turning a single family into a multi family (legally), otherwise, it’s probably not the best time to buy. Maybe in 6-9 months.

[@jordanepistola5085]

@@SachsRealty Great advice, thank you.

[@willygael592]

Thank you Todd, always on point

[@tommorningstar6373]

The ghost of 2007 is haunting us. It goes two ways: loss of rental inventory to primary residence buyers. The other is sales to the bigs, REIT's and massive owner-operators. The Commies have played an obstructionist move in major markets have shoved "just cause" eviction laws through that do NOT list "the property closed in foreclosure" is NOT on the list. Been there done the post-foreclosure world post 2008. Cash for Keys is the only workable solution. However, in places like Seattle, they allow tenants to weasel out of any form of agreement to vacate. NEVER advance a dime in locations like that. Pay ONLY for dead vacant units, free of all persons and property. Did 20 years in L.A. Your guest is right in LA. Sam Chandra, Dennis Block, Hoffman & Pomerantz, Kimball Tirey & St John, Duringer are all smart guys who can get you possession anywhere in California. Do listen to them. The problem is finding a deal with enough juice to finance it.

[@crypto_ai_v2]

Would it be wise to have a few section 8 units ?

[@chiaralistica]

Not a bad idea. You're guaranteed your rent.

[@seanwendygodisamazing6340]

Thank Todd & John sooo ture 😮 it will be interesting 🤔 to watch 👀👀

[@zpatrickz81]

Good, a home should be someone's home...not a financial leverage tool! Greed has destroyed America's safety and led to the homeless outbreak due to INSANE mortgages and rents!

[@TheBoilingWater]

It’s important to see the percentage investors caught with 7% interest rate

[@matthewsmith2362]

I’d love to see an accurate # for that. I just don’t know how you could ever trust those figures from mortgage brokers and banks that they make public. Everything is so manipulated. This pimple is gonna explode

[@stevenap4594]

Yep, they’re sitting on cash at 7% biting their nails for a deal. The clock is ticking and all the Fed needs to do is push rates to 8% (as most of their loans are adjustable) and all the investors will be gone seemingly overnight- We’ll see what the Fed does but sitting on cash is never a great investment, esp when you’re paying interest on it 😂

[@buildingbuildercip8292]

All of my rentals are in SoCal. Everyone of them is paid for free and clear. Over 40% of homeowners, own their houses free and clear and will not be selling them.

[@s.gharavi1614]

You can't eat real estate. Some will have to sell.

[@buildingbuildercip8292]

@@s.gharavi1614 where do you live? No Americans starve to death. Most people with low balances on their homes that have plenty of equity, are responsible enough to have several months if not longer of emergency fund money. Whenever prices in the past have come down… people scare off and don’t buy anyway, but investors will always buy, and prosper. If we do have a financial crash… the poor and unprepared will suffer, the wealthy will prosper. We’re the only ones with stockpiles of food and hold physical gold and silver, but most importantly… big guns.

[@s.gharavi1614]

@@buildingbuildercip8292 I think that's a very generic perspective. I've seen many cycles and the deportation of the middle class. If you don't think that this part of the cycle is about intentionally wealth destruction for exactly the people you're talking about, then I'm not sure what to tell you.

[@s.gharavi1614]

*Deterioration

[@buildingbuildercip8292]

@@s.gharavi1614 no one knows what is going to happen with the market, but I know that it can not be compared to what happened in 2008. Back then we were overbuilt by over 2 million homes. We learned not to overbuild this time around and it appears that developers are only wanting to build apartments and condominiums, very smart. The margins on the land and building materials far exceeds single family homes. I’m hoping for a 40% to 60% crash, or reduction like last time,but I don’t think it’s going to happen. I’m now focusing on building many ADU’s where the cashflow is too good to ignore.

[@dianehayes2911]

Good video! I would be interested in a video which explains why/how the commercial real estate problems are going to cause the single family housing market to continue to have falling prices. Thanks.

[@kngjoea3743]

I think this info is wrong. As a property investor I am not selling... It's time to start picking up foreclosures this summer. When people lose their homes, they will definitely need to rent. The rental market will skyrocket.

[@robertsolberg7666]

They go from one extreme to another

[@fields1336]

My Main Man John... 🎉

[@stephenmorris8557]

. Eviction protocols are relentlessly getting more burdensome for landlords, all over North America.

[@maplenook]

Oregon 💯

[@HailCaesar-lm4bq]

One report says commercial rentals in DC less than 50% occupied ?

[@philschiavone101]

The current investor cannot get their tenants out. What kind of headache is it to make them leave if you buy one of those.

[@ginacardarella]

In los angeles its still going on. No rent increase going on 4 years its Awful here unless your homless or a renter LA wants to own all the property

[@PamenterDoug]

Can you talk about the market in Canada? I live on Vancouver Island, which is sort of a protected market. However, I am praying for a big price drop, so I can buy.

[@KingKatRider]

Everbody is getting screwed and Landlords are not victims, they are part of the issue along with flippers.

[@DBBSYSTEMSONLINE]

Commercial properties is the way to go!

[@basesloaded27]

Great news.

[@samsontadesse3975]

Great info, thanks

[@jnicky2569]

Two of my fave channels. How did I get so lucky!

[@Sam-zq9jp]

Great video.