we placed offers on five different homes we were outbid and quickly lost out we've put in
eight bids so far in a month and a half this open house in massachusetts even creating a traffic jam
as dozens of cars lined the street there could be 50 cars yes 50 cars outside waiting to see
that property we ended up putting in a little bit over 10 offers on on different houses and
we were outbid hello and welcome folks did you know that 48 of the homes sold were over
asking price some as high as 1 million dollars over asking price did you know the median price
of the house have gone from 322 thousand dollars to almost four hundred thousand
dollars the housing demand has increased from five hundred thousand to seven hundred fifty thousand
and the recent increase in the rates have not made a single dent in the housing prices did you also
know the median wages have gone from 62 000 in 2019 to now almost 69 000 so that means the buying
power of people keeps increasing and that's what's driving the housing prices folks did you also know
this is a seller's market the seller wants you to fit the bill you to pay the closing costs all
that means folks at this train is not stopping yet you still want to buy a house in this market
that is like looking for toilet paper in the middle of covid
and that is the state of current housing folks people somehow think there will be no
toilet paper available just like they thought in 2019 but we know what happened to toilet papers
in this video i'm going to give you some compelling arguments where to
put your money instead of buying a house but more importantly i'll try to give you some alternatives
because a house is an investment and i think like an investor so i'm going to give you some
investment alternatives and you can put your money to a better use and oh by the way the houses
that are short are not town homes or condos the shortage of houses is really single family houses
this is the seller's market you're not going to win in this market just know that unless you have
a sense of urgency which i understand if you have a sense of urgency if you have kids have to go to
school they have to get a house you're a certain neighbor i understand that i'm not disputing that
i'm not here to change your mind but i think most of you don't have that sense of urgency what you
have is fomo almost fear of missing out okay am i right or am i wrong you think that there won't be
any houses left and that is just not true there are plenty of houses out there people just only
want to live in the metro areas people don't want to go in the suburbs or live farther away from the
city in this video i will also give you examples of some of the cities that have really low and
cheap prices so if that interests you you know what i'm gonna do stick around to find out more
hola como estas
salute to all my friends all over the world if you're getting some value from this content
please click like and subscribe show some love for your boy okay so let's take this toilet paper
as an example folks what happened with toilet paper i'm going to play this clip for you and
you can see people think that the toilet paper will disappear from this world as if you need
toilet paper to live your life look at how people are hoarding toilet paper people just can't seem
to get enough of toilet paper look at this lady carrying in a tray full of full of toilet paper
hand sanitizer were selling for up to 50 and people were just hoarding it and buying it
so folks i'm not the only one saying this that you shouldn't buy a house in this market
there are other realtors also saying it there's also a big channel called proactive thinker
who also is proposing the same question should we buy a house in this market
if you don't believe me that's fine let's listen to peter schiff the greatest economist in the u.s
is saying what's happening in housing it's not really that there's a boom in housing the boom
is in inflation and government keeps printing money and so everybody's got money to spend
so if leadership is right then the economy will soften up and if it does that means the buying
power disappears of people please understand that rates by itself like the youtubers are saying are
not going to drive the housing prices folks rates along with wages remember the graph that i showed
you the rates were crossing the demands i mean that's what needs to happen the rates must go
up which they are next year but the wages must come down otherwise the demand keeps increasing so
if peter chef is right the market should soften up and there should be an opportunity to buy a house
look what happened to lumber prices people stop buying and the price is just plummeted right away
and we've seen that happen before i've seen my friends buy houses in 2005 up to 1.1 million
dollar thinking it's going to go up to 1.5 and they were telling me and calling me every day
that look my my house in personville virginia has gone up 50 000 in six months i'm gonna be rich
guess what happened that same house went down to half the price to half a million dollars the guy
ended up foreclosing on his own house i mean this is the kind of stuff that can happen but
i don't want to scare you folks okay this housing market for investors is an opportunity okay and
for you it should also be an opportunity just like cobit people made millions of dollars in covet how
do you think they made those millions of dollars in cobit they saw an opportunity that people
wanted these this product people wanted hand sanitizers people wanted you know paper towels
where people start selling those things and that's the same effect that's happening with the realtors
right now there are less houses than more realtors why because everybody wants to become a realtor
and make the millions that they can by squeezing the joys out of you right now and guess what the
builders are in on it i personally know some local builders they're sitting on the lots waiting for
the prices to go further up and to not build the houses for you builders just hoarding land
i can't believe i'm using this word but it's a big conspiracy everybody's in our everybody's
trying to melt the cow get the last egg from the golden goose but anyways i've given you enough
reasons and plenty of reasons that i've shown you graphs and charts and facts and figures
to show you you know why this is the worst seller's market sellers want you to pay the
closing costs that should tell you a telltale sign but let's talk about an opportunity let's
see what we can do in this market so let's take an example if you're buying a house that's four
hundred thousand dollars right and you've saved up let's say 20 hypothetically right hypothetically
20 so now you have eighty thousand dollars so now you wanna use that money towards buying a house
if you buy a house right now your house might go up fifty thousand sixty thousand hundred thousand
but your house could also come down a hundred thousand dollars so now you lost
hundred thousand dollars my question to you is just keep an open mind okay anything can happen
nobody knows the future we're just speculating if that happens what would you do with your 80 000
it's gone it's in the house you can't take it out there are some opportunities that you can assess
and it's up to you if you want to buy a house i'm not stopping you again it's totally your
call but i'm giving you some options right because options are the mother of all success
so some of the options are you can put the money in the stock market just for a few years s p 500
the safest investment will give you at least 10 to 12 so now after a few years that 80 000 becomes 96
800 and if you keep it for three years it's it's over 106 000 in comparison to a house
that might be devalued in a few years because the prices are so high right now you will come
back on top is your goal just to get a house or is your goal to also grow your money excuse
me so what if the rates go up and the prices keep going up as well then what happens then
well that's a that's a valid question what could happen if rates go up and also the price will
climb folks that's most highly likely to happen in the next year here's my argument to you and
i present this information with the open heart here's the thing the rates are not the biggest
problem because you can always offset the rate by making more payments towards your principal right
you can reduce even reduce your loan amount by 15 years or so just by adding a few hundred dollars
extra a month towards your principal so the rate can be offset in many different ways rates is not
the problem here it's the housing price that's the problem if you lose hundred thousand in your house
no amount of three percent or two percent or five percent weight is going to save you
be very careful don't catch a falling knife in this case the knife is the graph going up you
know for prices right the bigger issue folks is that people don't want to live in the communities
outside of metro areas that's why they're paying the highest prices you have a choice to live in
other states and their cities other places okay for example let's take an example for for michigan
you know houses are selling for average 85 90 000 dates in the market is pretty high and the
houses are selling for four percent lower than the asking price so why not buy there if you're
close in that neighborhood in that area another example let's take a local example in maryland
if you go to columbia maryland right prices are pretty high 25 over last year but if you
go next door to columbia guess what you have you have fulton bolton the prices have gone down 25
in this time prices have gone 25 so here i present this information to you as example
so you guys can see there are other options folks there are other options you too can
find a better deal even in this market if you choose to buy a house you have other options
you don't have to go live in the central part of dallas texas even though texas has
not gone up as high only two percent since last year that's another good opportunity for you
dallas is a great market a great place to buy in why not buy there until the wages are high
even though rates go up higher it's not going to bring down the housing market that is the absolute
truth and i'm not lying to you guys can look up 1990s 1980s you guys can also look at 2005. rates
were high as high 6 but the income was also high and the prices kept going up that's a testament
let's learn from the history and not make the same mistake let's do some lessons learned here
and guess what in this market there's bidding wars going on as you can see in the video right
there's always a fool out there who can always try to outbid you with their paycheck
but they don't know they don't know the market is going to go up or down nobody knows that okay
we're just speculating we don't know that we don't know if the market's going to go down or go up
we just think it's going to go down eventually because it's not sustainable inflation is way too
high bridges would have to drop rates already feds have said rates are going to increase at
least three times next year right so let's take rental as an example you might say well okay
i'm just renting right now what do i do i'm renting i'm wasting money i'm throwing money away
well i would disagree with you that's not true if you're doing rental you're not throwing your money
away you are basically using a service just like i would lease a car at least all my cars by the way
because i don't want to buy any expensive cars it's a service it's a product that i'm just using
temporarily and let me give an example for example like let's take my house in virginia i pay about
eight thousand five hundred dollars in taxes just property tax okay forget about the mortgage now
you add to that a few more amounts like the cleaning of the house maintenance
of the house if something breaks down like a hvac system or something i have to shell out that five
thousand dollars for my own pocket because my own house people don't think about that
so now my almost close to let's say ten thousand dollars a year right which is the money i'll never
see again right now compare that to rental when you're renting what happens then you can rent
a single bedroom maybe even a double bedroom for twelve hundred dollars a month in this area you're
spending about fourteen thousand four hundred dollars a year almost close to that approximately
that's not so bad as paying ten thousand dollars toward property tax the money that you never see
and guess what you're not responsible for any maintenance if something breaks down
the landlord's gonna fix it so is rental really that bad is rental really a bad option if you can
save your eighty thousand dollars and make hundred six thousand dollars from it in the next few years
i think not folks i'll disagree with you and everybody who's gonna leave a comment i would
love to see what you guys think about it but this is my perception folks this is my speculation this
is my understanding i think like an investor i have an investor mindset okay i bought my first
house at two hundred thousand dollars upgraded it flipped it for four hundred thousand dollars
i bought another house in the same year when i bought the land for 525 000 a few years later in
2006 i sold the same house for 1.1 million dollars and that's what started my investment journey okay
and you two can do that so think beyond the house beyond the living beyond the lifestyle
i know i'm a single guy i can say it's very easy to me but even if i had a kid a couple of kids
and a wife i would still do the same thing i would think about my investment long term because the
goal is not just to have a house is to have an investment that you can grow and beat the market
don't you want to beat the market folks so i've given you enough options i've given you enough
examples i hope you guys can learn something from it please if you disagree with my theories please
leave a comment let me know how you feel what you're seeing in the market and the data i do want
to point out a couple of things for the people who've asked questions so number one is my friend
stan known from lawrenceville georgia or close to that he wants to buy a house in lawrenceville
i believe somewhere in georgia uh and lawrence while i did look up uh by the way stay unknown is
lawrence wool is actually keeps going up and up uh the prices are not going to come down anytime
soon so if you want to buy there what i see is the days in the market is about 18 or 16 sorry which
is way below the national average the prices are also below national average but again the economy
there is weak it's not as strong so if you want to buy a house there which i understand you do
i would wait you know because the market right now is just going exponentially high and fast
there's no stopping it and even if the rates go up to three percent four percent five percent
it's not going to stop any time soon because the wages are still high remember the wages
are still high uh so i don't see it coming down anytime soon in lawrenceville georgia
now somebody also asked a question about michigan i don't know which part of michigan you live in
if you are in michigan michigan is also going high not as high as lawrenceville georgia
i know grand rapids michigan or troy michigan the prices have gone up 25 since last year so i don't
see that michigan slowing down i think the rates will have an effect in michigan uh but highly
likely that it may flatten now before it even starts to go down because the price is even though
it's it's 10 15 higher than last year it hasn't really imploded like other states like arizona or
i don't know washington dc and other areas so i don't see that price is going down there anytime
soon i would also wait in that area look in the neighboring towns okay look in the neighboring
towns that there are other towns that you can move in uh there's an opportunity like i gave you two
examples right i gave you an example of detroit i've gave you an example of fulton maryland i
gave you an example of dallas texas so there's plenty of opportunities if you are flexible
and that's the thing folks if you want to be a good investor and investment control your future
and your financial growth you have to be flexible folks you cannot just tie yourself to a town or a
city or a sp a metro partner area or a spot that you know you must live there otherwise earth is
going to come down that's not how life works folks the more flexible you are the more money you make
the more you grow and if you do that if you take my advice you'll be so far ahead of everybody else
in your pack with that i want to thank you guys for watching my video as you can see my channel
is growing my last video had over 550 comments or something insane like that i think it across 55
000 now views within a matter of three four weeks uh my instagram channel is also growing we have
over six thousand five hundred or so followers there so the channel is growing and the news is
getting around and if you find value and honesty integrity and a difference in opinion then folks
we're speculating here we're not predicting things anybody who's predicting things is a fool and we
should ask them what their credentials are because you know my credentials i'm an investor i do this
for a living i've made money off of this i built affordable housing as i mentioned uh and i give a
lot to charity and and whatever money i'll make if i ever make any money from youtube i promise
to make sure that i give that money part of that money to charity and that's my promise to you so
please share with your friends uh please subscribe and like and click the notification button so you
can get notified if i don't read your comment and i missed your comment i apologize again
i'm a man of many faults but i will come back to you if you ask me a question so if i forget
just remind me and i will come back to you okay so with that thank you so much for joining my channel
have a great day until my next video i love you all bye now have a fantastic day you