DANGER: Prepare for The 2019 Real Estate Market

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5 жыл бұрын

Prepare for The 2019 Real Estate Market. Will the housing market / bubble CRASH, CORRECT, or CONTINUE? What are the odds of each? Learn the psychology and mastery of a pro & use code: Feb202020 for *28% OFF* any courses: meetkevin.teachable.com/ INCLUDING Investing, Sales, Management, Finance, & Vegas Meetup 2-20-2020.
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Пікірлер: 500

@jackon6546 5 жыл бұрын

I am going to invest in vans... people have to live somewhere. #vanlife

@phx4closureman 5 жыл бұрын

That's a GOOD IDEA!!

@ix1is1 5 жыл бұрын

Got my vans on but they look like sneakers

@cage9876 5 жыл бұрын

Im bout to buy a van and convert it!

@DanielFHarb 5 жыл бұрын

Will you live down by the River? Ha! 🤓

@Koushi82 5 жыл бұрын

nice :) idea I'm considering going to california to work and may want to live in my car because rent + housing is too high. the rich can buy al those empty homes. After I accumulate enough I'll leave and buy property in cash free and clear. Since California isn't realistic about property values. Those single and with no family should have no problem living in a van. PS it's already happening. nice forethought though

@carmelwine7610 5 жыл бұрын

I'm a real estate agent that chose not to sell a single home during the High's. I might have missed out on profits of all time high's but I can sleep at night knowing I didn't put one person in an overpriced home even though people were coming to me ready to buy. I struggled financially as well but did not chose money over morals. Wish me luck during the downturn that's when I'll help people buy a house (when housing prices make sense). 👍

@Mayberry144 5 жыл бұрын

Good luck, it'll all work out!

@carmelwine7610 5 жыл бұрын

Ian Mayberry Thank you!

@carmelwine7610 5 жыл бұрын

Holly Lea. I'm grateful.

@carmelwine7610 5 жыл бұрын

Holly Lea Oh yes! I'm very interested in these types of "smart"homes. Interesting you said this. Thanks! 😊

@carmelwine7610 5 жыл бұрын

And yes I will. I like comfort but I'm not driven by money. Been called a fool many times in my life over morals before money. Thanks. You sound like you understand.

@ownsilver 5 жыл бұрын

I see a crash coming in real estate, car, student debt, corporate debt and personal loans but with creative financing by allowing risky credit to be taken out by non-credit worthy people we are just kicking the can down the road

@BrentInvesting 5 жыл бұрын

I Invest in Garlic - Eventually Vampires will take over and i'll be the ready... in the meantime I'm making garlic pills, powder, etc...

@MeetKevin 5 жыл бұрын

hahaha I "smell" a new video :D :D

@hectorabcdefg9076 5 жыл бұрын

Invest in weed. It will make you feel so relaxed

@FlowtnWitWalden 5 жыл бұрын

@@hectorabcdefg9076 -Yes it will pacify the masses. Put the citizenry to sleep while politicians have their way.

@beattlebailey5588 5 жыл бұрын

inflation is when you go out for breakfast and pay $13.00 for a cup of flour for 3 pancakes.

@Hayden-bs3oz 5 жыл бұрын

You forgot eggs, milk, staff, gas, equipment, the shitload of overheads....and tax.

@anthonyvidal5670 5 жыл бұрын

Making Pancakes, cheese stone cold grits with a little milk & butter, Vegan Sausage from May Wah, and a glass of fresh Orange Juice made with a juicer for the entire family for about $9. I-Hop is never worth it.

@ZacharyLaid 5 жыл бұрын

I hope a correction is coming, best time to load up on land :)

@GetYoJonesOn 5 жыл бұрын

Zachary Laid Finding Freedom - unless we don’t come back from it.

@ZacharyLaid 5 жыл бұрын

eM historically we always do. Boom bust boom baby.

@unitedhustlersofamerica8185 5 жыл бұрын

Zachary Laid Finding Freedom bullllish till 2019

@carabuchanan7384 5 жыл бұрын

@@ZacharyLaid 10 thousand an acre here in Tx, 2 years ago it was $3000

@ZacharyLaid 5 жыл бұрын

Cara Buchanan dayumnnnnmm.

@BudgetBill 5 жыл бұрын

#1 remember when investing in RE is to buy the property for Cash Flow. That way, regardless if market decreases, you can still rent the property out and make additional cash flow. Regardless if home value decreases. #2 Buy a home in an area that WONT be affected when people lose their jobs. Such as Blue Collar workers. (nurses, construction, etc.) People will always need a place to live. 2-3 bedroom, 1-2 bath,

@rickjobs638 5 жыл бұрын

Though I was watching a weather man, with the mother of all storms coming. Excitement and a gleam in the eye. Thanks I'm a follower now.

@carter102 5 жыл бұрын

Next year things will slow down quite a bit in real estate, over-leveraged people will get squeezed, we'll see an uptick in defaults. No major crash, but it will become apparent the bubble has popped, real estate mania is done. My business works with developers and the work we do is forward looking 1-2 years in terms of real estate construction. As I'm typing this you can tell I have free time, I haven't had a day off in 5 years now, working 80+ hours a week, as I'm typing this, my business is down about 70%. I'm having to chase my clients for money, and have had to change policies on payment because in the last 2 months getting paid is a real battle, this is not normal. Deflation is already happening, houses in my area of Canada are down about $50k from earlier this year. Once those high paying construction jobs dry up in 2020, you'll see gravity kick in and prices will fall off a cliff. The good news is there is lots of time to react, if you have a ton of debt that isn't profitable act now, or soon, because going forward prices are coming down, slowly. You will be renewing at a higher interest rate, some banks are calling in HELOC's due to reduced equity, so expect the money and credit supply to tighten up. Overall, if you want to buy a house, you're better off to wait until the credit tightening cycle is over, save money in the mean time. If you start seeing countries defaulting on their debt, buy gold, because it could cause a banking crisis, there is a very good chance of this happening.

@MeetKevin 5 жыл бұрын

Wow, interesting! Fuzzy, do you think this is because of higher rates solely? What a difference to your development work; sorry about that!

@carter102 5 жыл бұрын

It's a cascade effect. Rising interest rates caught a lot of speculators off guard. Those speculators were almost 50% of our housing market. They are walking away on a lot of newly built homes, so the builders are now overbuilt and sitting on inventory. Also, a lot of money was flowing from India/China to here to speculate in our real estate market and launder their money. Now that those countries are slowing down, the ill gotten money isn't flowing as readily over here.

@mellyjay5275 5 жыл бұрын

@@carter102 nailed it perfectly

@carabuchanan7384 5 жыл бұрын

@@carter102 I wish that was the case for Texas, housing is 50% over valued. People demanding $275 a sq ft when you can build a luxury home for 140 to 150 a sq ft.

@the_DOS 5 жыл бұрын

Correction first (stagnant beginning 2019, buyers market mid/late 2019), crash in 2020-2021. Remember, once jobs start going down, debt will blow up (student/credit/HELOC) causing the crash.

@MeetKevin 5 жыл бұрын

Well said

@FlowtnWitWalden 5 жыл бұрын

So if I'm looking to get a loan I should probably move now huh? I mean, once debt blows up it will be harder to qualify, no?

@honestly101 5 жыл бұрын

Thank you Meet Kevin! Loved your Federal reserve minutes notes.

@MeetKevin 5 жыл бұрын

ty noel!

@JeradLarkin 5 жыл бұрын

Love this! I'm excited to see more local Colorado real estate videos getting shared to KZfaq! Thanks for sharing. 😀

@Landmantx 5 жыл бұрын

I like the term “normalize”. We bounced out of a major dip and now we are back to pre-dip pricing (if you go off the 4% norm curve). I think appreciation will level off to a more normal 4% appreciation rate and we will see interest rates click up to a more normal rate of around 6%. There will be a balance between buyers and sellers as more product comes to market. Days on market will trend up to a more normal 4-6 months. That is my prediction.

@lorrangee9083 5 жыл бұрын

As long as the Feds keep raising rates, the prices will continue to fall.

@MeetKevin 5 жыл бұрын

Right but it's against the grain of overall appreciation. So sure, rates go up and erode purchasing power, BUT if the economy moves faster upwards, prices don't have to fall.

@lorrangee9083 5 жыл бұрын

Meet Kevin come on Kevin, I'm a fan of your channel, but you and I both know that's not true. As long as interest rates are high housing will be sluggish. Housing has slowed drastically, and will get worse. I'm good with it, if it does because I'm looking at buying more rentals.

@MeetKevin 5 жыл бұрын

Hey Lorran This summer, I would’ve been 100% on board. The only reason I am saying this is that counties in southern California are rebounding. We lost 8% in value during the summer and have rebounded 5 1/2% already despite the rates. The only explanation for that is people’s continued willingness to pay. So that’s either irrational exuberance or people just have the money to do it

@lorrangee9083 5 жыл бұрын

Meet Kevin great point!!

@XHONOR2012X 5 жыл бұрын

I see MONEY pouring into Cardone Capital and I think what will happen in a severe downturn?? I Love Grant and Elena but how will all this mega hype help when the shit hits the fan and people start to panic. AND THEY WILL PANIC. Great content,keep it coming.

@MeetKevin 5 жыл бұрын

Anytime Thank you for the support

@RandalColling 5 жыл бұрын

Cordone needs your investments to pay for his planes/toys/travel.....YOU sacrifice and save/HE spends.

@ttvanaken 5 жыл бұрын

You clearly don’t invest in RE at all

@stoltfitness 5 жыл бұрын

Congrats on 60k Kevin! 💪

@MeetKevin 5 жыл бұрын

Thanks so much!!!!

@BestStockStrategy 5 жыл бұрын

Respect. You speak honestly. Keep going and building your brand.

@uk7769 5 жыл бұрын

Also, a disturbing mutation: home builder stocks tanking. What is with that? Because they can't build affordably? Labor and material costs sky high. OK then, people should earning more, and afford the higher prices. But the 99% are NOT earning more. Income flat for the masses, and you see headlines like: 'Wages for the 1% just reached their highest level ever'-MarketWatch. I can't be the only one who thinks this economy is complete bullshit house of cards charade. So isn't part of the problem no one is earn much more, even if they build more homes, no one can afford them. So many factors to get a clear view of the situation. And every factor is massive and seismic. "I just want someone to hold me, and tell me everything is going to be alright." - The Wedding Singer bar scene.

@MeetKevin 5 жыл бұрын

This could also be due to the fact that home builders have to price their properties out 2-3 years in advance. That's pretty rocky right now.

@sfrealestatedealmaker6001 5 жыл бұрын

uk7769 - We’re far from “alright”. I’ve lived through the 2008 crash and I honestly think this downturn will be more painful due to the other bubbles we have (debt, student loan, etc). Get out of debt fast, make sure to have a healthy cash savings in case your income disappears and secure your job by making sure you’re indispensable to your company.

@thefarmersdaughter8235 5 жыл бұрын

The builders got burned in 08, dont expect them to bail anything.

@beattlebailey5588 5 жыл бұрын

uk7769 : building affordability? No, can't do that with illegals demanding higher wages and white construction workers out of the field now.

@johnsonkids3058 5 жыл бұрын

uk7769, the 99% love to borrow and buy, that's why they are the 99%. They have 1% taste and 99% income.

@evanmatthews6998 5 жыл бұрын

The true scary part is that there are many people that don't see it coming. This will cause the true panic that we see when times like this occur. One day everything is good and well and the next day it's "wait, what?". People like you, Kevin, see this far before it happens. The average Joe sees it the day after it happens.There will be a crash, not a correction... Globally. Analytics point this direction just as much as fundamentals. I know you try your best not to profit or grow off fear like other youtubers, but you know what's coming at 100% chance. It's a matter of when. Good content here!

@creativereinvestor 5 жыл бұрын

I saw that coming in 2006 sold my duplex 2 months the bubble bursts, but unfortunately I reinvest in Real estate , and Lost everything, Time, money, Credit and Marriage.

@ronin4911 5 жыл бұрын

Been a realtor for around 20yrs, I feel its going to be a everything crash! Sooner than later.... I feel he effects not in the real estate industry. I’m seen a steady decline in prices, new home build permits are definitely slowing and the sentiment of the market the people are start to save more then spending. Jp ,,

@MeetKevin 5 жыл бұрын

Aye yikes

@RealEstateInvestingUnmasked 5 жыл бұрын

@@MeetKevin Just don't shoot his dog...

@nicolasrmarca9642 5 жыл бұрын

Great video Kevin! I think it’s incredible the amount of insight into the market we viewers can get from someone within the industry. Everyone should be watching this! I did a project on the 2008 Crash back in my 3rd year of high school in Accounting class. It was a really interesting topic to be learn and understand the amount of events that took place to finally trigger the meltdown. I ended up focusing my attention on the Lehman Brothers and going in depth into the area of sub-prime mortgages for specifically. Although for now I guess I’ll just sit back and enjoy the memes that will come from this 👏🏻

@niceguy6376 5 жыл бұрын

Nicolas Rmarca you’re too young when the economy crashed in 08 so you were most likely living on your parents house that time and have no idea what is to feel like or own in real estate that time. So sit your ass and quit preaching young man.

@nicolasrmarca9642 5 жыл бұрын

66 Deville Yeah that’s true. I never said I wasn’t. So what significance does your comment have? That someone cannot try to get a sense of what has happened? I guess everything in your life must be meaningless since it is based on past experience. Hopefully all of your early work is completely discredited because you were never able to experience history 😉

@MillennialMike 5 жыл бұрын

Shopping for my duplex right NOW in Seattle! Kevin you ROCK!

@Bryan-zo6ng 5 жыл бұрын

I just bought a home in Seattle in june. Shitty timing i guess. I wish i was you there are some fantastic deals out there.

@CaptainCaveman1170 5 жыл бұрын

Terrible timing. We're still at close-to-peak pricing.

@MillennialMike 5 жыл бұрын

@@CaptainCaveman1170 true. But if the numbers make sense I'll buy. I don't want to try to time the market

@LynxStarAuto 5 жыл бұрын

J Garcia no such thing as terrible timing on investment property. If he is at 10% return or more, who cares what he paid for the property? The tenant is paying his note.

@fullauto1125 5 жыл бұрын

Bryan I’ve bought many houses wrong time, today they cash flow and worth more. No worries keep buying

@JohannnesBrahms 5 жыл бұрын

It's always something you never expect that takes you down. You can predict what will happen and create the illusion you have some control, but the one thing that you can't avoid is the famous "Black Swan." No financial crisis (or any crisis for that matter) that ever happened could have been predicted. The only ones who were ever remotely right about what would happen were those lonely contrarian voices that no one ever listened to.

@gilmartinez550 5 жыл бұрын

I started real estate in San Francisco 1990 currently live in Las Vegas selling real estate almost 20 years. Relax ladies and gentleman it's called real estate, forget about what the news and the so-called experts say and predict, get out and do what it takes to make it happen for and your clients! Real Estate is what YOU make of it, always has been, always will be. Be your own Map Maker! Gil Martinez Las Vegas NV

@FlowtnWitWalden 5 жыл бұрын

Wow, encouraging words Gil! I've been procrastinating long enough. My cash is withering away in the bank. It's either buy gold or buy income producing Real Estate. I like your moxie.

@michealsizemore1 5 жыл бұрын

I work for the Veterans Benefits Administration (government) so I am not worried.

@MeetKevin 5 жыл бұрын

Nice!

@TraviezoPR 5 жыл бұрын

VA home loans will be okay sir??

@CaptainCaveman1170 5 жыл бұрын

Even if they are not...it won't matter to him.

@syguzman5739 5 жыл бұрын

7:11 That's the good thing about working for the VBA, VA, and DoD is no matter what happens in the economy, you're still going to get paid. Even when you retire, you can rest assured that you will get paid on the 1st of the month. Good job, Michael Sizemore 💛

@jordanismish 5 жыл бұрын

yeah unless they have a govt shutdown LOL

@digduged 5 жыл бұрын

One thing I've learned in HS economics and my life experience is that the economy regardless of whether democrats or republicans control the economy is that it crashes, some take 4 years and some 8+ years, but it always does to some extent. when people lose jobs, they can't shop for homes and others lose their above-their-means bought home, thats what I think will cause a good buyers market. as long as we have a steady career and shop within our means, riding the next recession might be easier for us whom gave it a little more thought in how we spend our money. the bears always eat the bulls, the longer the grazing period lasts the fatter the bull gets. my recommendation to everyone is regardless of the 3 scenarios keep saving because there will be a recession, the longer it takes, the more money we should have by then.

@EMichaelBall 5 жыл бұрын

Just be careful you don't make your money vulnerable to bail-ins. See Cyprus.

@guygoi8818 5 жыл бұрын

Great video! Even though crash videos are doom and gloom its a very interesting topic.

@sfrealestatedealmaker6001 5 жыл бұрын

Carson Foulger - I don’t see them as doom and gloom, I see them as reality and “current events”...

@syguzman5739 5 жыл бұрын

Congratulations on 60K subs today! #TeamPaffrath

@OneRentalataTime 5 жыл бұрын

I see a slow leak in high priced markets in 2019. I suspect LA for example would be down 15% in Price and Transactions down 20%

@CaptainCaveman1170 5 жыл бұрын

Places like Malibu and La Jolla already leaking like that.

@TheActiveAssault 5 жыл бұрын

Friend of mine works at the unemployment office. Said a solid third of each class are realtors like this guy. But this dude is smart, he started a KZfaq channel.

@edwarddiaz1130 5 жыл бұрын

Not gonna lie, this video is on point with facts. Great job!!

@bcparcher87 5 жыл бұрын

clearest video I've ever seen foe a 1080p youtube video.... Amazing!!!

@lololololololol444 5 жыл бұрын

Damn it Kevin, I don't even have a job right now but I'm gonna save up for your course, keep the price for one more week!

@yovizx 5 жыл бұрын

What am i gonna do? Great vid Kevin.

@CommandoMaster 5 жыл бұрын

If there is a real estate crash, that means everything will be cheaper and on sale. It's great value for people that have cash on hand to buy outright because you want to avoid borrowing with higher interest rates that will be rising.

@freech2 5 жыл бұрын

It is always a good time to invest in rental property if the numbers work. Use your cash, finance, 1031, etc. to expand or enter, and it will work.

@peterponcedeleon3368 5 жыл бұрын

You are missing very important piece. If what you just described happens; all who have debts will be at risk. Downward pressure will be placed on rents and the already thin margins will be problematic. Real estate investors are already depending on their renters to pay upwards or 40% of their income on mortgage and rents, this will not last. Real estate is in a bubble and it won't matter much that you don't have variable loan.

@Aremacphotography 5 жыл бұрын

Great Video!

@RealEstateInvestingUnmasked 5 жыл бұрын

I found your video to be interesting. I did a prediction video, touching on the concepts you hit. It'll be interesting to see how the political pressures will also affect the financial pressures the Fed introduces. Of course, normally, there are 3 scenarios, lol, go down, stay steady, go up...It's elementary my d......

@cdawg9149 5 жыл бұрын

Dude. When you go into the medicine cabinet, try taking a couple of pills that have a turtle on them, and leave the ones with the running rabbit alone for a few days.

@patriciaespinoza7383 5 жыл бұрын

Real estate market in most of California has peaked. I've been seeing 20k to 60k+ price drops in highest valued areas. Houses are sitting since September 2018 not many people buying. Several large corporations have already announced of closedowns of branches and more soon to come. Just wait till first quarter 2019! This will have a ripple effect in our current jobs market. Which will affect housing affordability. Big housing correction is afoot in the visible horizon. We will not see a huge drop in prices not as deep as 2008 we will see a correction of no more than 25% equity value loss. So... If your home is valued today at 500k it will be worth 375k by 2020 that is the worst case scenario in my opinion.

@cdici511111 5 жыл бұрын

So, basically, in a nutshell, you're saying that things can stay the same or change in the future?! Whoa! Mind = Blown! Man, I got to get going on making some changes or making no changes! Thanks!!!

@16161645 5 жыл бұрын

Hey KEVIN, I believe we will see a slow down .No crash . No correction . until late 2020

@SachsRealty 5 жыл бұрын

Interesting views

@sfrealestatedealmaker6001 5 жыл бұрын

Great video!

@aleksanderv.h7371 5 жыл бұрын

Hey Kevin! Love the video, fan from Norway. Just bought my first apartment at the age og 18, put everything i own in it. It is not in the perfect condition, but i got it for a good price. I will renting it before upgrading and maybe flipping it. Any cheap, easy upgrades you recomend me to do?

@Jim-fr1vw 5 жыл бұрын

I'm an apartment owner (30+years) If you want to know what freedom is and feels like here is how I did. 1. Thank God for everything you have 2. Work hard . Keep your faith. 3. Live within your means. 4. Save. 5. Invest ( I did apartment's) 6. Do the work yourself .learn 7. Get out of debt (debt slavery is the same coin ) 8. Fight spending. Just wait 48 hours If in question. 9. Thank God. 10. Now enjoy life and thank God

@homesweetnest1385 5 жыл бұрын

AMEN!! be thankful and have faith at all times.

@skycountry8161 5 жыл бұрын

This will be your first credit contraction as an adult... They are all the same, deflationary... Those with assets by up more assets and people who are over leveraged get cleaned out, that's it.

@meetlauren7768 5 жыл бұрын

Sky Country historically though deflation has only lasted for very short periods in the US as the government pushes inflation over deflation at all costs. Debtors don’t get wiped - those with risky debt do; not everyone

@skycountry8161 5 жыл бұрын

@@meetlauren7768 you are correct 11 out of the 12 previous credit contractions since the creation of the FED were brief, with the 1 exception being the great depression, in that case the deflation persisted for a decade.

@CaptainCaveman1170 5 жыл бұрын

This accurate. I myself am "only" 40 but I know better than to ONLY judge things based on what I've seen happen during my own life. Interest rates have done NOTHING but decline my entire life, and almost all of the "economic facts" that people, especially younger ones, hang their hat on don't take into account the fact that interest rates have historically gone down....and UP...in near-perfect 60-year cycles. How can you describe Winter to somebody if all you've known your entire life is Summer?

@nickmattio3397 5 жыл бұрын

It’s all about prioritized extended debt for student loans, credit cards, Autos, housing etc. like being horse quartered, as interest rates rise the ropes will start pulling in all directions and default rates will defin increase if wages don’t seriously increase at the rate like they did in the 90s which I doubt will, and as we know home owners are by FAR bigger consumers than renters and housing continually goes higher esp in metro coastal markets, GDP will decrease over the next 2 years

@annadewitt8163 5 жыл бұрын

It’s credit supply market. Credit supply is like calories. Just like an obesity epidemic, we have a credit supply epidemic. Boosted prices far beyond healthy, boosted private, government and corporate debt way beyond healthy. Cutting the credit supply (QT) is going to feel pain the farther along they go. It’s not fun to be obese and have to lessen what you consume and work harder. But if the FED re-enacts a QE, a put of some kind, then it’s cheating the health plan, things will keep aching and have its very serious long term consequences.

@meetlauren7768 5 жыл бұрын

Anna DeWitt tough situation - it would appear like this is a credit bubble, but if this is qualified debt, it could keep going. This could just be the soap that eventually makes the bubble

@turbo5774 5 жыл бұрын

Here in the white hot Seattle market it’s drastically cooled off over the last 6 months. I would primarily attribute this to the rapid availability in new apartment/condo buildings. I’m voting on a correction.

@MrFonzy721 5 жыл бұрын

have you bought gold or silver? and what would you recommend? love your videos!

@MeetKevin 5 жыл бұрын

Stocks just went on sale today :D And wedge real estate

@gecko2000405 5 жыл бұрын

Home prices will go down, but interest rates will keep payments the same. The question is, how good are bank balance sheets? They're highly dependent on people staying in their homes and not walking away from an asset that isn't worth as much as it was when they 'purchased' it. In the long run it doesn't matter. The banks will be bailed out if this experiment fails and they again collect all the assets, including stocks at rock bottom prices if things do get truly bad with a stronger dollar. How long was the legislation to ask for $600 billion dollars? I think it was three pages. Raising rates pushes people out of almost all markets and leaves them in control. I don't know where you get your growth figures from. Three to Four percent growth in GDP? I think that's a bit too optimistic. We're running a deficit and forward earning are likely not going to meet one or two years out with rates rising. EM are struggling. The EU is struggling. The middle class is struggling. Where is this growth going to come from?

@MeetKevin 5 жыл бұрын

It'll be interesting. Come to today's live (2pm PST, predicated on all systems functioning today. I'm going to talk about this).

@OmahaTonyG 5 жыл бұрын

I’m going to keep buying investment properties regardless of interest rates. Deals will be harder to find and my strategy may have to adapt, but I won’t stop buying

@chugachocho 5 жыл бұрын

A crash is a correction. The prices are a good 30% above value.

@765garage 5 жыл бұрын

We invest and do contract sales instead of rentals. Less headache no closing costs since we are brokers. Guess we will see what happens :)

@EducatedCapy 5 жыл бұрын

Huh , how much can it goes higher?, I guess no more room upside but downside is way to go, no thing go up forever, the tree can’t grow past the clowns. Thanks u Kevin the man

@madhavarao 5 жыл бұрын

You will see rampant inflation and if you think that will wipe out your debt, think again. If wage inflation - goods inflation is negative, then it means people will have less money and that could mean lower rents. With higher inflation and higher interest rates home prices will be falling and at the same time maintainance cost will be rising. The last time this happened home prices in real terms fell by 90% in 1970s. Oil prices increased from 3$ to 39$ (peak) per barrel.

@MeetKevin 5 жыл бұрын

Yeah the 70s was a cluster F though -- we went off the gold standard and inflation went bonkers. Not sure we'll see that again.

@EMichaelBall 5 жыл бұрын

@@MeetKevin I know a way to bring back the "good ol' days": When the people demand Medicare for All, and/or even a basic income, the tax coffers won't be able to take in enough revenue to pay for one of those programs, let alone both. So how will it be "paid for"? Cue the money printing!!!

@frederickmuhlbauer9477 5 жыл бұрын

I’m just glad that I sold in 2016 This puppy is going down bigtime

@gradostax 5 жыл бұрын

Hindsight and Monday Morning Quarterbacking, almost no one saw the 2008 crash coming. And most of the few that did tended to be the sky is falling types who coincidentally made a correct call that year.

@shawtvision 5 жыл бұрын

What would be the case if you have real estate with no debt? say you purchased it cash. and should we be selling it now? or just hold and ride it down and ride it up?

@nemodeals2034 5 жыл бұрын

I did cash refi with a low interest rate 30 yr on one and opened up helocs on everything else

@DPIII1 5 жыл бұрын

What your thoughts on someone new to real estate to enter the investing market ?

@AdamSahr-cj4kf 5 жыл бұрын

10 years ago, around X-mas time in 2008, real estate agents and stock market speculators were fire selling their Porches and yachts and even their own houses... Beware Kevin...

@MeetKevin 5 жыл бұрын

true

@joywisdom6598 5 жыл бұрын

Amen Amen Amen !!!!

@joywisdom6598 5 жыл бұрын

A Conneely history often repeats itself....lol. Fool.

@rynor7132 5 жыл бұрын

So let me ask a question. I am building a home that wont be finished and doesnt close till sometime Julyish 2019. What happens if the market crashes and I have not yet pruchsed the home? Will they be forced to sell the home to me at a lower price because with the crash it wont appraise for previous build price? I searched google and couldnt find anything that talks about a scenario like this. Thanks

@openhouselv8943 5 жыл бұрын

Who knows what 2019 can bring, will be interesting to see what exactly happens for sure!

@MeetKevin 5 жыл бұрын

heck yeah!

@jimbob3030 4 жыл бұрын

Did you predict fascism and treason? I did.

@toreyburse1324 5 жыл бұрын

The market always corrects itself. I think it's too hot

@MeetKevin 5 жыл бұрын

true will be interesting to see what happens.

@98ws6m6cvert 5 жыл бұрын

So glad I do IT lol. Always in demand and someones computer or network always needs repair.

@MeetKevin 5 жыл бұрын

Perfect!

@cryptodaws5005 5 жыл бұрын

98ws6m6cvert how did you learn. KZfaq, books or something else? I’m learning phython, and java rn.

@98ws6m6cvert 5 жыл бұрын

@@cryptodaws5005 depends on what part of IT you want to do. I'm not a programmer, but I can tell you if that's what your interested in then go for it. It will take lots of practice constantly. Programming isn't something you pick up and stop doing. The ones you're learning cone in handy. If you love programming I would look into the DevOps part of IT. It's highly rewarding, but difficult if programming is not your thing. Myself I have a Bachelor's in engineering and IT, along with a few certs. I lean toward cybersecurity so I rarely program.

@Kentama 5 жыл бұрын

I went to college for a Computer Science degree. It's not for everyone. Seriously, only 5% of all people who enter the program actually graduated. That said, you don't need a degree to make it in the industry, if you're really passionate. But the industry is rough. Worst I ever had to pull was 120 hour work weeks. It depends on who you work for, but it's not uncommon unfortunately. There's job security at least, but the technologies evolve pretty fast, and if you're not keeping up to speed, it can make job mobility difficult.

@98ws6m6cvert 5 жыл бұрын

@@Kentama I completely agree. In my department I'm the second guy with a degree. One of the top guys didnt even finish high school, but he's extremely knowledgeable and does his job well. You're absolutely right a degree isn't required, but some company's look for experience or certs. I do have scenarios where I work 12hrs 7 days a week, but at that point my company raises my pay quite substantially. Only problem is the taxes when you make so much 😂. Overall its rewarding and you can make money if you apply yourself. I love what I do so it's a win for me. Most dread going to work, I'm the opposite..

@adam7jim1 5 жыл бұрын

So if I am considering in buying a house now should I wait for a better deal??? Or should should I buy now and ride it out my budget is like 300k in the Inland Empire. Help Me Kevin!!!

@MeetKevin 5 жыл бұрын

Hey Adam, I'd really hunt hard for a "great deal." Something that needs some light cosmetic work but seems undervalued. I'm doing just that right now.

@godiegogo81 5 жыл бұрын

Kevin as housing and rent are extremely high in LA county and some areas in the inland empire SB. Co whats your take on people migrating to the High desert looking for affordable home. That would create housing demand right?

@EMichaelBall 5 жыл бұрын

Look at getting your finances in total order, first. Pay off debts, then save up cash. You won't want to be in a bad spot needing to sell your house to make payments on debts during a recession. Another separate concern: Imagine the San Andreas going, and cutting off most of the existing water and natural gas supplies to LA and SD for weeks, if not months, until supply can be brought back online. What happens, in the meantime? I don't think it'll end too well. You may want to look into other RE markets.

@Chris-qg2un 5 жыл бұрын

Man, I really like your insight on this channel. One of the main reasons is that you do not seem to have a political agenda hidden behind your videos. So many channels like yours like to slip their political opinion where yours is simply, "this is the current economic situation". I really feel like you are trying to help people and make money by doing so which is perfectly fine with me. I'm definitely subscribing today with a like and am going to seriously consider your other non-youtube material as well. Keep it up.

@MeetKevin 5 жыл бұрын

Ah thank you so much Chris!!

@Kentama 5 жыл бұрын

The guy's a real estate agent, and not an economist. He's giving his opinion, and I would take it with a truck full of salt.

@Chris-qg2un 5 жыл бұрын

Good point. I'll stick to Alan Greenspan. /s

@DJR5280 5 жыл бұрын

Something needs to give in the Denver metro market. Rents and home prices are insane.

@MeetKevin 5 жыл бұрын

Yeah it’s rough right now

@urmom8565 5 жыл бұрын

it's january 13, 2019 today. the market seems way too slow which is different than your expectation on scenario 2. It seems Vancouver market is going to take some adjustment, downhill for a while. Any oppose?

@GetYoJonesOn 5 жыл бұрын

Kevin, I am curious what your thoughts are on China’s belt and road initiative. China’s move into investing in infrastructure in emerging markets lends strength to your theory that EEMs will find support.

@uk7769 5 жыл бұрын

Why do you think more and more it is being called the 'everything' debt bubble. Is there one thing that isn't over-leveraged right now in Oct 2018? Credit cards, auto loans, and my favorite lunacy: student loan debt. Now they are selling sub-prime mortgages hard. 'No Income, low income, no credit, NO PROBLEM!' --- Madness. 'Dejavu all over again.'

@MeetKevin 5 жыл бұрын

Where are you seeing subprime loans?

@uk7769 5 жыл бұрын

Sorry I mis-spoke, this time, they are calling 'non-prime' mortgages. lol Albeit there's a Carpenters song to along with it: 'We've only just begun...' Seriously though, I see it by reading tea leaves, and articles like ''Keep business booming as rates rise' "Fisher said that much of the chatter at this year’s Mortgage Bankers Association conference was that non-prime is the play if originators want to survive." OR 'Bank of America to underwrite $10bn in non-prime loans' OR 'Subprime mortgages make a comeback-with a new name and soaring demand' So, actually I can just brew up the tea leaves. Don't need them now in Oct 2018.

@unitedhustlersofamerica8185 5 жыл бұрын

Do you script your videos ? I noticed you looking down at a screen or notepad in one of the cuts.

@titcow8581 5 жыл бұрын

It'll prolly just be more of a slow down in real estate sales until eventually the interest rates are high enough to depress real estate prices. The interest rate increases are not caused by real estate, it's by other loans such as student loans.

@CaptainCaveman1170 5 жыл бұрын

I agree that it will be slower this time...but when you depress prices, you make a lot of people go underwater on the homes they just purchased...and they learned very quickly from 2007-08 that the thing to do is to stop paying and wait for the Sheriff to show up...2 years later. And that foreclosure further depresses comp prices, causing more negative-equity positions to arise....

@titcow8581 5 жыл бұрын

@@CaptainCaveman1170 Exactly what I was suspecting.

@j.elvinvelez5702 5 жыл бұрын

Stay in Cash until the next Drop... the market is priced way to high and we all know this get ready to buy some deals in 2019 july.

@MrFonzy721 5 жыл бұрын

what three Big, cities in south texas , do you think real estate will still do good in 2019?

@MeetKevin 5 жыл бұрын

Overall, yes. TONS of money flowing into RE right now

@marianrubino7467 5 жыл бұрын

Major correction! I have worked in Real Estate lending for 30 years. In California real estate prices are out of control and not in line with current salaries. Eventually the mortgages these people that bought in the last 3 years are going to become a burden. Gas prices pricing rising is never a good thing. I commend you Kevin however you are young.

@MeetKevin 5 жыл бұрын

Do you think it's possible that those who can't afford will just leave and those who stay will be those with higher salaries?

@christophercoyle9468 5 жыл бұрын

Gas prices are falling fast

@johnsonkids3058 5 жыл бұрын

The lesson here is the US dollar could go up or down, inflated or deflated, homes are either go up or down. Go ahead and decide what to do with that information.

@UBeesh10 5 жыл бұрын

Hopefully a major correction. Id love to be cashing in at the end of this lease.

@youkeston8941 5 жыл бұрын

Good video

@reubenmorris487 5 жыл бұрын

Prices tanked during the summer...no wonder why the agents and brokers were saying to "Hurry up and BUY!" They knew what the future held and dismissed it when casually mentioned during discussion. There is NO way that the common person looking for a primary resident with a decent job/income can compete with these conglomerate mega institutes and their ability to make multi-property discounted cash purchases.

@LGnLA 5 жыл бұрын

💯💯💯💯spot on!!!

@EducatedCapy 5 жыл бұрын

Many peoples are waiting on sideline to get in when housing market collapse??. Not too fast , because when it happens, they may not have their jobs too. Good one Kevin, thanks u.

@MeetKevin 5 жыл бұрын

Very true! Sidelines can feel comfortable but it could also mean not buying ever.

@EducatedCapy 5 жыл бұрын

We will go day by day when it happens, no one can predict the future.

@jbw8471 5 жыл бұрын

Whats your advice on condos? Ive heard that if we do have another recession, prices will drop a significant amount. I feel like its a good idea to be patient.

@sfrealestatedealmaker6001 5 жыл бұрын

jb w - Condos don’t appreciate as fast as single family houses and the HOA dues go up sometimes every year 💰💰💰.

@khiemle1267 5 жыл бұрын

I can see you crashing in Stephen's home. Good video man.

@MeetKevin 5 жыл бұрын

i get the floor for sure

@UltimateBargains 5 жыл бұрын

The FED will continue to increase interest rates, which will decrease real property prices, until they go too far and the real property prices crater, causing insolvent banks to require another government bailout from the taxpayers. Decreasing interest rates will be tried (yet again) to prop up the insolvent central banking system with higher real property prices, but the attempt will fail completely. China will lead the way down the toilet, with the EU following closely, and then the US will go into an "economic winter" as prices refuse to rise as the FED emergency decreases interest rates, because credit will tighten under new qualification rules that few people can qualify.

@nokuntrol 5 жыл бұрын

Interests go up and the stock market and house prices decline. Interests go down and the stock market and housing price goes up. The beauty behind buying for cash flow is that you are insulated from what happens as long as your rent price remains the same or does not decline. Even in the event I need to reduce the rent to the point where I get 0 cash flow, someone is still paying my mort, property tax, and I get all of the phantom income from depreciation and tax benefits. BUY cashing flowing properties and sleep at night. It's the variable loans and negative cash flow buyers who are sweating at night.

@Toneeeeee23 5 жыл бұрын

How would you go about buying a house with that much cash flow?

@CaptainCaveman1170 5 жыл бұрын

In Los Angeles, nothing cash flows.

@Toneeeeee23 5 жыл бұрын

J Garcia I live in the southern CA and I feel like it’s very hard to find something that cash flows.. and if it does it’s a couple hundred dollars. No where near enough cushion of times get tough..

@sfrealestatedealmaker6001 5 жыл бұрын

Ken NGO obviously lives in Africa or Timbuktu where rentals cash flow. 👺🔥

@STOIUM 5 жыл бұрын

Is this at all transferable to Canada?

@helencococook3703 5 жыл бұрын

Kevin, I feel like you're ignoring my question. What is the plan should Prop 10 pass in California?

@MeetKevin 5 жыл бұрын

Hey Helen! Sorry haven't seen your initial one; my fault. I do not think prop 10 is a good idea. I'm pro-affordable housing, but rent control tends to make housing more unaffordable and caters to gentrification to loophole out of rent control.

@Freeyourdollar 5 жыл бұрын

Or worse those Socialists take over in Nov and 2020. Landlords are second only to CEO's in hatred level by Socialists.

@mapuche888 5 жыл бұрын

Yes I totally agree but my question is really what, as investors and holders of investment real estate in California, should we do to protect our investments and income? I'm thinking I should sell all my holdings in California and transfer to assets in a state that is less landlord hostile. Or is there anything we can do now if it does pass? I'm from California and want to keep what I have but if Prop 10 passes I feel my investments will lose value. I'm particularly concerned about the limits preventing rent increases after a tenant moves out. How would any owner be able to upgrade or even maintain a property if the expense can't be passed on or even shared with the new tenant? Any ideas? I've been asking around and most people don't even seemed concerned about Prop 10 or know nothing about it. How can this be?

@mapuche888 5 жыл бұрын

I'm a fiscal conservative but I do not believe it is inconsistent with social progressiveness. It does no society any good to have great disparities in wealth and resources. It forces the "haves" to "protect" themselves from the "have nots" and we start building social and economic moats around our "castles". I spend a lot of money to improve the properties I have whether they are A or C class but if I cannot pass some of that expense on to the very people who are benefitting from it then I will just stop. After all, it is a business, not a charity. However, in terms of health care and access to education and lending, I guess you could call me a socialist. I think everyone benefits if we could all become landlords rather than pitting landlords against tenants. Checkout clerking at grocery stores should be a stepping stone to a career path, not a career. Tenancy should be a stepping stone to home ownership, not a social or economic status to wage war in order to remain there. I for one am not happy with the current state of affairs. I come from a immigrant family who were once refugees and became successful due to the opportunities afforded them. I feel those opportunities have been degraded with this administration.

@KB-wl4ip 5 жыл бұрын

Great Kevin, thanks for pretty much telling me that I'm stuck in a rental house for like ever. At least I'm near a park. Why did I choose to live in Denver? $500k buys you an average house in Denver but a mansion just about everywhere else.

@MeetKevin 5 жыл бұрын

Hey K Black, don't think of it like that. What are you paying per month? $2,400 in rent? Get a great deal and buy a place; who cares what the roller coaster does. Besides, I'm 65% optimistic

@KB-wl4ip 5 жыл бұрын

@@MeetKevin Well we need to give it a year or two anyway so our kids can finish up at the schools they are at so we don't have to pluck them out, so renting isn't all that bad for a short-term solution. I'm just hoping the inventory triples in the next couple of years. I'm a bit picky about what house I want to live in so I want to have a few to choose from when the time comes.

@preciousmetalhead5155 5 жыл бұрын

To sum up this video, there might be a crash, correction or neither. Also inflation or possibly deflation. Or maybe both....all bases covered.

@helloitsdammy 5 жыл бұрын

Kevin you are FINALLY getting us bears lol. Im not bullish on real estate at all at the moment. Prices rose too fast too quick. Im sorry it just did. AND no ones considering that hedge funds that own thousands of homes could easily dump them off

@moniqueramirez3202 5 жыл бұрын

Example; Hedge funds like Blackstone known as Invitation Homes...I evaluated 1000's of their properties (2010-2015) before their purchase, during their remodel, after remodel & then told them their rent values...which they hiked up an extra $300 ...so Yes! Hedge Funds could dump EVERYTHING very quickly, and Blackstone is just 1 BIG player...there are so so many more!!!

@MeetKevin 5 жыл бұрын

Yeah hey I know I can polarize y'all -- I just try to respond to what I see data-wise. That's why I'm 65% optimistic

@helloitsdammy 5 жыл бұрын

Its cool! . Getting both sides of the argument is always healthy.

@sfrealestatedealmaker6001 5 жыл бұрын

MONIQUE RAMIREZ - that hedge fund scenario would be apocalyptic to the markets.

@msalazar89 5 жыл бұрын

I see home prices dropping every week in San Diego, there not selling nearly as fast either

@MeetKevin 5 жыл бұрын

Yeah I touched on that in this video -- that's because people are reacting to the correction this summer

@GetYoJonesOn 5 жыл бұрын

Also, with other countries starting to back off QE and start QT, foreign bond yields will become more attractive to investors, sucking out $ from the US and weakening the dollar. You don’t think we’re just juiced up at the moment?

@JaySeeney 5 жыл бұрын

Australia is tanking, it's fantastic :) Looking forward to buying next year

@richardsanchez9190 5 жыл бұрын

So here's the thing. I have enough to put 20% to avoid pmi but that'll clean me out completely I'd have to sell some stuff i.e. guns n stuff to get some money saved up. So based on you saying don't overstretch yourself that's a no go for me. But damn its tempting.

@richardsanchez9190 5 жыл бұрын

Oh and also supposedly work is gonna be good for us I'm in construction

@MeetKevin 5 жыл бұрын

Yeah just becareful construction can be fickle.

@richardsanchez9190 5 жыл бұрын

@@MeetKevin tell me about it haha

@caveman72697 5 жыл бұрын

As a Junior at Arizona State University, I am trying to get my first home to use as a cheat house and then a rental property, but it sounds likeI should keep renting for right now? I was looking to buy around May of 2019

@Bryan-zo6ng 5 жыл бұрын

IMPO Crash = 15% Correction= 60% Continue= 25% I think people are really nervous about a 2008 repeat. Whether its true or not. The phycological impact alone will cause a correction. I honestly dont see a crash onky because the banks are super picky about who they give loans out to.

@CaptainCaveman1170 5 жыл бұрын

Continue = 0%. Housing never "continues" after a bubble top.

@Bryan-zo6ng 5 жыл бұрын

@@CaptainCaveman1170 some markets certainly appear to be bubbles Vancouver, London, Hong kong, San Fransico. I dont think they represent the entire country or world. If a crash is going to happen i think it might be more city focused.