Inflation, housing and market crashes. I know I know, this is some scary ish, and everyone is
telling you the market is crashing, housing prices are going up. Everything costs more,
and somebody's rich dad is telling you you're about to get wiped out. Well,
some of it is true, and some of it is not true. But in this video,
I'm going to share everything that you need to know. And more importantly, what you need to do. Let's go.
I'm going to clearly
explain to you in simple terms, what's really going on in the market. I'm going to share the
truth with you about this market crash from an experienced investor that's truly investing and
has a real real estate business and I'm going to give you my biggest secret on how to get money and
make profits from this market crash. First things first, if you want more money for your business,
you're going to need a business checking account. NorthOne offers business checking accounts that
you can get set up in less than three minutes. And you can do it all online. All you do, you
open up your browser, you're going to type in NorthOne very simple, you're going to then log
in and register account, opening a new account. As you can see, I'm clicking here I'm showing
you different ways on how you can easily open a new account for yourself and for your business,
your business is going to have to be registered with your state, your Secretary of State because
you actually need a business. Once you have your account all set up, you will see that having
a business checking account with NorthOne is amazing and simple. You can actually integrate all
of your different merchant processing accounts. For example, if you have PayPal or stripe, you can
integrate that into the account and those deposits will go directly into your NorthOne account. And
then you will not only have statements from your merchant processor, like PayPal, square or stripe,
you'll also have business checking account statements from NorthOne that you can just
pull down digitally, you can just download them and create a PDF of them. And now you have all of
your statements in one place. Check out the link below at NorthOne and get your business checking
account today. This way you can use your business checking account statements, and many lenders
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One and get this debit card that you can use anywhere in the United States absolutely free.
Now back to this video. So what is a market crash because what does that even mean? Well,
let me quickly explain basically, when people say that the market is crashing, they really
mean for the housing market, that people are going to be upside down in their mortgage,
meaning that they owe more on their homes in their are worth. This is really a big problem. And we saw
this happen in the big financial crash in 2008 when I was wiped out. Basically the values were
going up and up in properties and people were lending more on the property than it was really
worth and this created a big bubble that crashed because people owed more on those mortgages than
the homes were really worth and they could not sell them for what they took mortgages out on
them. Additionally, people were losing their jobs and companies were shutting down because we had a
credit crunch, meaning that people were not able to borrow more and companies were forced to lay
people off. This then created a recession and a recession is marked by two quarters of decline in
the economy. So when we talk about gross domestic product, how much the economy is producing.
Gross Domestic Product is a total of all of that. If we have two consecutive quarters,
meaning six months of decline, we are considered to be in a recession. This is marked by high
unemployment, low interest rates, low demand, high unemployment, high inflation and just a bunch of
problems with the economy is in a decline and in a freefall. The next thing you need to know is about
inflation. Inflation is not necessarily a bad thing. Inflation is the price of things going
up over time. This happens with everything over time and it's completely okay. Usually
inflation is about 2% per year and incomes of people salaries rise at about two to 3% per year. Again,
not a problem. You've probably heard your parents say, hey, when I was a kid, bread used to cost 25
cents, and now it's $2. Again, that's completely fine because now people don't make $10 a day,
they make hundreds of dollars per day. So as long as incomes are increasing as much as inflation,
we are totally okay. But what we are seeing now is inflation as at about 7% per year when
it really should be at about 2% per year and incomes are still only growing at about two to
3% per year. So that creates a situation where people cannot afford their rents,
their utilities, their groceries, their gas, and other necessities that they need to live.
Usually this is not a big problem. However, when you put together the things that are going in
the housing market where prices were going up so much because the supply of is not keeping
up with the demand because of the pandemic, we have an issue where we are definitely going to
see some type of market crash. So let me tell you what that means and how we're going to deal with
that. Inflation affects housing in many ways. And sometimes it's really good for one party.
So when we talk about inflation, usually for home sellers, that was a really good thing,
people saw that they had a lot more equity in their property than they thought they did and
people were able to sell their properties at a much bigger profit in 2021, than they had been
able to sell in previous decades. People want it homes and during the pandemic, there were a lot
of stimulus packages that were done, people were given money and so when they came out of that,
they had a lot more money in their checking account, and people want it to buy homes. However,
there was not enough supply to meet the demand of how many homes that people wanted to buy in
America. Therefore, prices rose like crazy. In many cases, people were bidding and paying way
more than the asking price. Literally, I had that same situation and 2021 and I had to walk away
from some deals because the home did not appraise for what the seller was asking for. However,
we are now seeing in 2022, 2023, where this is starting to change, but there's definitely going
to be a crash because we see that valleys are starting to level out as the supply is
catching up to the demand. Now that more people are back to work, and we're building homes again,
and we have the supplies needed to build homes, the prices of the materials to build the homes
has really come down and it's starting to level out what the pricing of homes are, this
is a very good thing. But the issues for buyers still remains because of the increased prices,
people had less buying power and with the Federal Reserve increasing rates to banks, this created an
increase to consumers and what they were paying for mortgages. About three and four years ago,
people were able to get mortgages for 3%. Now interest rates are over 6%. This decreases
the amount of home that you can buy with the same amount of money. If your interest rate is higher,
that means you can afford less home with that same money. There's a big difference between
the 3% mortgage rate and a 6% mortgage rate. So therefore, buyers are really getting squeezed
out and many of them cannot even afford to buy homes, because they have the same incomes, they
have higher interest rates, and there's more of a demand for the housing supply that's available.
It's a situation in which people still cannot buy homes and we need to create a situation where
people are buying homes because this is the number one way to build wealth in America. Home ownership
is just an important part of our economy and you cannot be left out of the game, you got to
be able to buy houses. So let me tell you how you get that done in this crazy situation that
we're in. Okay, I know I shared a lot of information, make sure you're subscribed to
this channel and click that little notification bell so you do not miss any of this content
that I am bringing to you every single day. We are quickly headed to a million subscribers and I need
your help. Click that button, subscribe to this channel and click that notification bell so we
can get back to this great content. So let's talk about what you should do. This is the perfect time
for you to start a business. I know, I know, Noelle is always telling you to start a business. But I'm
telling you this is the easiest way to get funding in America. Additionally, once the market crashes,
I already can tell you from experience, the banks are not going to be lending to individuals,
they're only really going to be lending to businesses. You want to be in a situation where
you can borrow money. I know you guys remember PPP loans, and all of those different things.
That's always what happens when there's a market crash or there's some type of issue. The banks,
the politicians, and everything on our economy revolves around business. So that's where they
will put the funding because it's businesses that hire people, it's businesses that produce things.
And it's businesses that create money for the economy. Individuals are usually just consumers of
things, not the producers of things. So you want to be in the situation where you are a business,
you are a producer and you are able to secure funds for you and your business. It's really
easy to set up a business, all you need to do is get a business license, get your EIN,
get a business website, an email and a phone number and you will be in a position to get
business funding when the market crashes. So make sure that you do that. If you need help, I have an
entire playlist teaching you on how to start a business in just a day. Watch those videos and
get going on your business right now. I have created an entire training where I teach you my
exact formula to investing in real estate with no money and no credit and I started from my parents
basement when I was bankrupt, broke, bad credit and no job. So you definitely can do it too. Go to
noellesfreetraining.com and watch this entire training that I made just for you. But it's only
going to be up for a limited amount of time. I'm going to have to take this training down because
so many people are starting to use it that I'm going to have to take it down when I start going
to something else. So please take advantage. Go to noellesfreetraining.com Watch that entire
training and do exactly what I did so that you can start building a business and making money in real
estate and with your business. I just want to make sure that you have all of the resources, all of
the tools and all of the knowledge that you need to be successful. This is Noelle, to your success.