Stop buying houses. I know. I know. Noelle is a real estate millionaire telling you to stop buying
houses, not to buy houses? Yeah, well there's a lot going on in the economy, a lot going on in the
world. I have some great information that I need to share with you right now. Stay till the end
because this is a video you do not want to miss. I am sharing everything with you today. Let's go.
In this video I'm going to share with you a big secret that no one is talking about. I'm gonna
share it with you today so you understand exactly what's going on in the market. I'm gonna share with
you some real insider information as a real estate investor and a real estate agent. I know some
things that most people don't know and last but not least I'm gonna share with you my real formula
on what to do to make money. So, there are so many benefits to real estate, into buying houses. So I
know that it is a very crazy thing for me to say stop buying houses because when we talk about real
estate, we're talking about passive income, we're talking about appreciation. Obviously homes go up
over time, we're talking about leverage. Obviously it's very easy to get a mortgage on properties,
you're talking to a real estate investor with lots and lots of rental properties. So in other words,
I get rental properties, I have mortgages on them, I have tenants paying down the mortgage.
The homes are going up in value over time, I sell my rental properties, I cash out and make
big lump sums of cash. I also have short short-term rentals like Airbnb's where people are paying 400,
500 a thousand dollars per night to stay in my properties. So that's excellent income right there.
Again, real estate has just so many benefits so I know that it is very crazy when a real estate
multi-millionaire tells you hey, stop buying houses. Well real estate is still the number one way to
wealth. Okay I'm not going to deny that to you but things are going a little bit haywire because of
some stuff that has happened in the economy. I'm gonna share all of that with you and tell you
exactly what to do next because real estate is still really awesome. Whoa, you see I'm telling
you the truth about where the market is going and what is really going on. Make sure you like
this video, make sure you subscribe to my channel, make sure you click that little notification bell
so you do not miss any of the real truth that I am sharing with you almost every single day.
Click that button and share this video. Now let's get back to it. Why the housing market is messed
up? Let's talk about that. The housing market right now is a little messed up because of
basic economics: supply and demand. Yeah, I know I brag about having a master's degree from Penn
State and Economic Development but this is just basic supply and demand. Let me share with you.
So during the pandemic you know that we were all in quarantine and everything stopped. Well
guess what else stopped? The building of houses and houses actually take a long time to build. You
can't really build a house in a day or a week. It takes months to build a house, even a small house
so while we were all in quarantine and we were not building houses, we were also not building
materials to build houses. Meaning we needed to- we need wood, we need tile, we need electrical things.
There's lots of things that go into building a house and those things are all being manufactured
all the time. Well when the pandemic happened, manufacturing of almost
everything stopped and it stopped for a very long time. Let's think about that. So for very,
very many months, nothing was going on then all of a sudden we have a bunch of people that come out
of quarantine, they go back to work and then demand for housing goes up. But the supply is down. There
isn't a supply of housing because they haven't been building them, people have not been moving out
of houses. We have a lower supply so when we have a high demand in a low supply. We have high prices.
This is basic economics. So that is why now, right now probably when you're watching is not the
best time to buy a primary residence. Now, I'm not talking about investing in real estate. We're going
to get to that later because investing in real estate is completely different than someone that
just buys a house to live in. In fact I think that buying a house to live in is probably one of the
dumbest things that you could do with your money but people insist on doing it all the time so
I'm gonna let you keep doing that. But at the same, time you're watching this so you're different. Even
if we buy a house, we know that we're gonna live in that house and we're gonna turn that into a rental
property eventually. I have people that buy a house, live in it six months a year, turn it into a rental
property and get another house and that's really how you build your wealth. So, buying a house for a
primary residence is no longer a great investment. Even if you wanted to do it and turn into a rental
property because of some of the things that's going on. Right now like I said prices are up.
Until the supply of housing starts to level off is probably not the best time to buy a house. Again
I'm a real estate investor, I'm a real estate agent and I'm a multi-millionaire. I have nothing in it
to tell you not to buy a house. It's not like you're creating competition for me. I'm telling
you this because I love you and you're watching this. Like I said, prices are up. Why would you buy
something when it's the most expensive that it can be? As the supply starts to come up with the demand,
the prices will level off. The second thing and why it's not a good time to buy a house is because of
the interest rates. Interest rates have gone up by almost two percent in the past six months because
of all of the inflation that is going on. Again this will level out over time. I'm saying this now,
I am saying this to you kind of in a bragging way. I have a master's degree in economic development
which is not just economics you know the theories and things like that. This is really what I studied
about applied economics, how it really works in the marketplace and again we do have the population, we
do have the economy. This will level off and you should be buying a house, it's a great investment
just not right now. Timing is everything. You want to wait till supply comes back up and the interest
rates level off. Right now you're going to be in a situation where the house may not even
appraise for the amount that you bought the house for, that's a lot of the situation that people are
coming into right now and they're falling into that trap because they're becoming competitive.
You do not want to compete with other buyers and see who can pay the most for a house, that is a
fool's mistake. Okay that is what dumb people do. Who would compete to pay the most for something,
that's not how something works. You know what I mean? You don't want to just I'll pay 100,
I'll pay 150, I'll pay 200. No, that's crazy. Why not just wait till there's more supply and pay what
it's worth, that's what you should do. So there you have it. I have given you the full story on what to
do and I have a complete training just for you. Go to noellesfreetraining.com, that's Noelle
n-o-e-l-l-e with an s. Noellesfreetraining.com. I have created a full complete course where
I'm teaching you my formula to investing in real estate with no money, bad credit, the same way that
I did and again, I have students doing it faster than I did and you can learn this absolutely
free. I want to make sure that you have everything that you need to learn. This training is absolutely
amazing and teaches you from beginning to end. It was just a little bit too long to put here on a
podcast or YouTube but it's absolutely free to you for you to access whenever you want. Go check
it out right now. Noellesfreetraining.com. I just want to make sure 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.