What's Happening in the Real Estate Market - Tom Wheelwright & Jason Hartman

The WealthAbility Show #179 :
Join Tom Wheelwright as he discovers what is happening in the real estate market with his guest and residential real estate expert, Jason Hartman.
Jason Hartman has been involved in several thousand real estate transactions and has owned income properties in 11 states and 17 cities. His companies help people achieve The American Dream of financial freedom by purchasing income property in prudent markets nationwide. Jason’s Complete Solution for Real Estate Investors™ is a comprehensive system providing real estate investors with education, research, resources and technology to deal with all areas of their income property investment needs.
In this episode, learn how stubbornly high interest rates are impacting real estate investors, and what opportunities are emerging in this election year.
Order Tom’s book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: winwinwealthstrategy.com/
00:00 - Intro.
03:07 - Current Pricing in Real Estate Market.
05:37 - Payment to Income Ratio on Mortgages.
09:51 - The Lock-In Effect: Who's Controlling the Inventory?
13:49 - The Feds & The Phillips Curve.
17:05 - Fannie Mae & Interest Rates.
21:42 - Buying Power and Sensitivity.
27:50 - Will the Election Impact the Market?
Looking for more on Jason Hartman?
Website: www.jasonhartman.com/
Podcast: "Creating Wealth Podcast"
Tom Wheelwright, #CPA is a Best-Selling Author, Entrepreneur & Worldwide Authority on Tax. wealthability.com/tom/
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DISCLAIMER: WealthAbility® does not provide tax, legal or accounting advice. The materials provided have been prepared for informational purposes only, and are not intended to provide tax, legal or accounting advice. The materials may or may not reflect the most current legislative or regulatory requirements or the requirements of specific industries or of states. These materials are not tax advice and are not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer. Readers should consult their own tax, legal and accounting advisors before applying the laws to their particular situations or engaging in any transaction.

[@GraceyGarret]

Thank you so much for inviting Jason as a guest on your show! His insights and expertise were incredibly valuable and made for an engaging and informative episode. Looking forward to more great content!

[@thandolwakhechiliza8507]

Thank you for the show Tom.

[@silversoulawakening9195]

I would appreciate the extraordinary ownership data of residential properties that have been bought up by the millions by corporations ie. BLACKROCK and how this fact might also affect future market probability? Please include in future conversation.

[@BlueSky-gu1vn]

How can we determine if either of these individuals is genuinely wealthy?

[@k.scottphillips8933]

True but the cost of owning a large home is going up a lot with insurance and property tax. Current owners are paying a dear price not to downsize if they arent using that extra space. You should look at how many homes people own. If someone has a second or third home and they cant rent it or airbnb it, they will eventually sell even at lower prices. This seems to be happening in the more rural areas already but not in competitive job metros.

[@DionTalkFinancialFreedom]

Current owners have 3% interest rates on home purchased at half the current value. Unemployment is under 4%. It’s like you didn’t watch one second of the video.

[@k.scottphillips8933]

@@DionTalkFinancialFreedom and you didn't read my comment! - property tax and insurance amount to $20,000 or more on many homes, and that doesn't include the increasing cost of maintenance and utilities. Not only this, but even if you own an investment home outright the money sunk in the home has something called opportunity cost! If you are getting 0% or even 4% ROI it's less than what you could get in other investments, and if homes do not appreciate you would be better putting the money to work elsewhere. Investment real estate is great when prices are cheap- not when they are expensive. Caveat emptor.

[@tampa_ty]

When you say " The Crash Bros" do you mean Kiyosaki, McElroy, and Gammon? Correct me if I am wrong but they were calling for a massive crash

[@johnobalah8617]

Robert Kiyosaki is wealthy has published lots of books ,books have sold millions of copies.He has gold ,silver,15,000 houses..Earns royalty from IPR intellectual property rights

[@stefanesculiviu5230]

10+ million illegals will push the house and rent even higher.My opinion for single family house is that the bottom price was reached last year. The prices went already up at least in Az.

[@steveosmonson6535]

High debt, rates will continue to go up

[@Agnifilo]

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[@Isabel_Ross]

I'm new to trading, and I've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have.

[@LisaJackson198]

As a beginner, it's essential for you to have a mentor to keep you accountable. I'm guided by a widely known crypto consultant

[@LisaJackson198]

Mrs Mary Patricia Hester

[@-ec9ze]

This is correct, Mary's strategy has normalized winning trades for me also, and it's a huge milestone for me looking back to how it all started..

[@Para-pv8fp]

Isn't she the same Mrs Mary Patricia Hester neighbors are talking about, she has to be a perfect expect for people to talk about her so well.

[@Mark_lee567]

Her platform is wonderful, and her services are exceptional

[@DionTalkFinancialFreedom]

Can’t wait for the crash bros to grasp at straws.