The Upcoming 2021 Real Estate COLLAPSE Explained | Housing CRISIS Gets Worse

what's going on everybody i hope you're all having a great day we are talking about the upcoming 2021 real estate housing crash and i'm gonna explain it to you we're not saying that it's here right now we're not saying that it's coming we're saying that i'm going to explain it to you and how we are in a housing crisis that continues to go on and on and on and as of right now as a real estate agent 24 7 365 this is all i do this is how i make my living this is how i buy my suits and my watches i'm seeing a lot of crazy stuff going on and i'm gonna share that all with you right now now everybody who is on this live stream what's up hope you're all doing good for those who are watching this video at a later time enjoy hopefully you're gonna really get some nuggets from this and some value because i always prep the best that i can from real real world experiences and i don't share anything that i don't that i don't see know or actually do what's going on the g what's going on we're here what's going on jesse what's up jeff y but we got jeff weibo in the house what is up bay zoomer what's up e-man let's go and carla says yo all right so we already got people going on this live and we're just gonna jump right into it now real quick if you get any value please hit the like button and most importantly subscribe if you haven't already and also i got new merch coming soon i got a website launch i'm about to finish and finally get up i got real estate courses coming soon and on top of that i have a discord coming soon so you all can join the discord we could talk real estate investing flipping wholesaling renting whatever you want to talk about and also for real estate agents we're going to have a dedicated section just for you that being said we're diving in on the first point is this real estate market is stupid i tell people that i'm working with and i tell other agents that i'm talking to that this market is stupid it actually makes no sense it actually shows no care to actual home buyers and most importantly it's just wild it is wild now the part that i said of making no sense there is things backing it up on why it's not making any sense but the reality is it sense whenever you think of it if there is no supply and there is high demand that's the sense right there i was yesterday doing a showing for my clients and we walked in the house and out the house and as we were there doing the showing we had five other real estate agents coming with their clients into the house overlapping what's covid what's this pandemic there's none of that happening right now everybody's ignoring that hardly anyone is wearing masks and i'm in texas specifically dallas texas and it's crazy we walk into this house we walk out of this house and every single family that walked in and walked out is standing in front of the house talking to the real estate agent they're trying to figure out what offer they're going to place how they're going to win it what they're going to do what contingencies are they going to waive how much should they put five families walked in within the 30 minutes i was there and walked out still staying in the front of the house because they wanted that house now think about this where i'm at in this one city we have probably two or three houses two or three houses that are comparable to one another that's actually on the market only two or three so if you have a three thousand square foot home on the market maybe two or three are exactly like that that a buyer can pick from and that might even be too much i listed a property the other week i kid you not i put it as coming soon for real estate agents they can only see it they were sending blind offers 20 30 000 above ask blind offers without even seeing the house their clients like we want the house now guys over here on my left side i got tick tock going live we have 233 thousand followers on tick tock so i'm going to give them some love as well but today is youtube day and you guys know how it goes i want you all if you have any questions drop it below don't be shy this is why i go live i go live so we can talk to one another and also answer some questions real quick so i don't have you having to wait on me to respond to your comments now people are wondering is the real estate market going to collapse are we in a housing crash is a bubble about to burst the answer to that is going to be very clear and right in front of you right now you're going to get the answer and it's going to be something that you probably did not think of or think to hear people ask me right now should i buy a house or should i wait for the market to crash should i shop right now or should i just continue to rent my answer for everybody is if your finances make sense and after you buy the home you still have a good cushion to be comfortable with make the move if you're not desperate and you've not been waiting for the last 10 years to buy a house and you're renting comfortably and your family is happy and you guys are good don't rush it will there be a housing crash let me give you some stats we have things called forbearances we have things called moratoriums what these are doing is those who can't pay their mortgage have mortgage forbearance it's like forgiveness from the bank but they have to end up paying it back so it's really not forgiveness this lasts for 3 months 6 months 9 months 12 months for some it's been over a year since last march now this mortgage forbearance what it does is you don't got to pay your monthly payments what a lot of people are predicting what a lot of people talk about including myself is that when the mortgage forbearance ends will we see a foreclosure wave is foreclosure is going to flood the markets all over that's one point that's one question we're seeing moratoriums for people who are renting if you're renting a property and you can't afford to pay the rent you can tell the landlord that you're actually distressed that you're actually unable to pay you've been affected by the pandemic and then you don't have to pay it but you have to prove it now the landlord he's getting screwed he's not collecting his payment he's going to not have to go to his lender and also delay payments and such so there is a lot of people who are using this moratorium to not get evicted and actually not pay their rent will we see an eviction crisis will we see a bunch of evictions happen that's the second question then we talk about interest rates going up if interest rates go up will the housing prices go down in theory if rates go up house prices typically go down in theory every one percent the interest rates go up 10 plus or minus the house prices go down some say that's not a fact some say i couldn't find the source this is basically stating depending on your state and how the reactions are it's a good rule of thumb to play off of it's not a fact of a hundred percent but based on history it's good to work off of so going back to if you see interest rates going up one percent two percent and you see supply of houses on the market for sale not getting picked up quick enough by buyers because they're afraid of that new high rate then you can see house prices correct we're talking about a crash what does a crash mean are you thinking a crash is 40 50 60 percent so if a house is 200 000 you're saying or thinking will it crash to a hundred thousand i don't see that happening because 2008 is not 2021 guys 2008 you had 90 of the people who were pulling out refinances on their house were pulling out cash as well ninety percent until in 2021 today's market we're seeing out of the people who are doing cash out refinances versus refinances one-third are taking out cash 33 percent that's a big difference from 2008 now will house prices push back and retrace and maybe make the market tank a little bit yes when we talk about housing crash though i don't want you thinking 50 60 70 percent we're talking 10 20 30 if anything and that's really not a crash guys because the reality is that was the real price of the house it just got inflated by people doing appraisal waivers paying the difference in cash or just buying in cash because there was no other options right this video is me explaining to you the upcoming 2021 housing real estate crash i'm explaining to you the possibilities of it really happening big time or happening at a smaller scale mortgage forbearance there's four million plus people who took it then it's keeping it it continuously drops in 2021 it was 2.7 million and it's fluctuating with who's taking it that's not that big of a market share to really cause a crazy crash if let's say all of them just got foreclosed on same goes for the evictions that can happen same goes for a lot of stuff that can happen so i want you guys to get educated the right way but not just hope for a crash to happen because if you're hoping for that what if it never happens now one thing guys is in 2017 i was in real estate flipping houses and i was getting the advice from people saying that house prices are going to crash there is no way that this is going to continue to go up and there is no way that house prices aren't going to come down they've been too hot for way too long 2017 i was flipping houses this is what i was hearing so i said to myself okay i'm gonna take a step back i'm not gonna buy any more flips i used to buy from the foreclosure auctions guys two three four five houses every month and i would remodel and flip remodel and flip remodel and flip that's how i got into real estate and when i started hearing that i kind of got scared so what i did was i stopped buying one month passed two months passed three months passed four months passed five months passed i got investors money i got cash sitting not getting any returns and i'm like what if this doesn't happen what if an actual crash doesn't happen in 2017 to 2021 nothing happened except it kept going up imagine you're someone waiting to buy a house and you wait these years and nothing happens how is that gonna feel it's gonna suck because you're now having to get in the market at a higher price so in 2017 after a couple of months i said i'm getting back in and i got back in now in 2020 i got married listen to this it's a story time right now for everybody who's throwing some questions and stuff i'm gonna get to them i promise this is story time right now and please if you're watching this we have over almost 200 people on this live i want to see some likes going up please hit that like button if i'm giving you any value i'm about to give you a story time right now as well i got married in 2020 right here's the ring now in 2020 i bought a flip a house flip from the auction i bought this one i think it was in march or no i bought it in february february the first tuesday of february is when i bought it i got married february 9 2020 now this flip that i bought i bought it the first tuesday of february i think february 2nd 4th or 5th or something and when i bought it the pandemic happened the virus happened i continued with my wedding i went on a three-week honeymoon to thailand and indonesia and as i was there i was getting the house that i bought from the auction remodeled so i can flip it i was coordinating on my phone i had the crew the contractors and all that was already done i've done plenty of houses so i have the team that was already ready to go when i bought the property now when i got back the pandemic was insane guys everybody was locked in their houses everybody was so scared masks on it was fearful i mean people were scared now i got back the end of february march 15 16 17 things got crazy so when i first got back we were kind of going back business as usual but heard about the virus right then i finished the remodel i list the property on the market in like march march something and i ended up getting it with multiple offers now the market wasn't as hot as it was right now so the offers weren't really what i wanted i think i was asking 230 i got a 210 i got a 220 and a 225 i didn't get any 210s 220 225 and then the one who offered 230 was an fha loan which meant that i had to hold the property for three months in my name for title so it can work out if you buy a property from the auction or you buy any house you have to hold title for three months in your name to be able to sell that property that's an fha rule just some extra nuggets for you if you didn't know that hit the like button let's see if you got some extra value on that so anyways we got offers and then the the virus and the pandemic started to really get scary and people were like karam offload that property the market's gonna crash be careful things are ridiculous right now whatever offer you can take take even if it's 10 20k below in fact i had some people tell me break even or take a five to ten thousand dollar loss just to take that property away because i was all in cash on it over two hundred thousand dollars and they're like you can take that 200k when the market crashes and you can buy plenty more than that just than just that one property so as you guys know people get into your head and i'm like okay let me think should i sell this property just flip it break even make 510k who cares just let me take back the cash and recoup it and then when the market dips i can make something happen i was like okay i signed the contract i sold it i think for 225 which really wasn't that bad because i wanted 2 30. i gave a concession of like 1500 bucks i even gave the real estate agent a 1 bonus because i was repping myself so i had no commissions on me and i sold it when i sold it shutdowns happened panic happened craziness happened that same property today i sold it in i think march february march and probably april march april time is when i sold it i sold it for 225 that property today eight nine months ten months a year later in 2021 post pandemic is easily easily worth 260 i think to 280. okay i sold at 225. now another idea was to keep it rented etc but i wasn't in the game for that i was in the game of flipping what i'm trying to get across to you is if you're trying to buy a house today and people are telling you the market's going to crash because i make a lot of videos about the crash the collapse the crisis the housing market all of that but the reality is statistics will it happen and how will it happen and will it be drastic enough and the statistics show as of right now we can see a retrace in price possibly 10 20 percent but that's not even a crash that you might have been expecting you might have been expecting 50 60 i'm telling you that i do not see that happening whatsoever i just don't but i can see that prices cool down if interest rates go up and if supply starts to pick up more supply will pick up from a lot of foreclosures the mortgage forbearance people can't continue payment they actually default and then the moratoriums come up so you see evictions you see foreclosures you see a flood in that segment a flood means a couple thousand houses maybe a million or two people are are devastated and can't really make their payments and that just kind of gives the market movement but even that is not significant enough to be able to cause a 50 60 70 percent housing crash the demand is just too much right now rates are too low and in fact we're not thinking that interest rates are going to go up one or two percent anytime soon some say year two or even three years so for everybody who's watching this video right now will there be a crash a collapse in the housing market highly depends on rates depends on supply depends on the government depends on president joe biden if he keeps on delaying things there is definitely a reaction of negativity that has to happen from trillions being printed forbearances and delays that's a fact but will it be significant enough to cause a housing crash is what you guys are wondering and i hope that i just made it very clear for you now if i made it clear for you i'd love if you guys hit that like button i'm jumping right into the comments right now we got over 200 people live i love it and now time to answer a lot of these questions we're going right into it once again what's up to everybody jeff says suits and watches are important they're very important especially if you're a real estate agent all right what's going on do you remember me make money of course i always remember you how can you forget a name that says make money west coast what's up like button smashed by jeff you're the man carla says i started researching i started researching this because i wanted to buy a house in austin i was being blown out the water and i decided to start researching this because there's no way this is sustainable austin texas real estate is mind-blowing what's happening you have the biggest tech companies going there you have famous celebrities moving there elon musk is one of them you have so much going on in austin that austin is just booming beyond booming i think i read an article that the appreciation in austin and just this year was 20 to 25 of your home value that means if your house is worth 100k it went up to 120 125k in the last year if your house is worth 500k it's now worth 600 to 625 k crazy it's it's honestly crazy so if you're in austin trying to buy a property it is going to be tough right now i live in dallas bro that is awesome uh jeff is saying listings is where it's at they really are i had a listing put on the market sold had another listing put on the market sold if you have a listing okay i always tell you if you're a real estate agent don't count your commission checks until it's in the bank for right now the market we're in right now you can count your commissions before it's in the bank that's how hot if you have a listing is in a good market it is unbelievable guys okay so we have more questions coming in we got sammer saying so it's worth waiting for the crash to buy houses for some good deals it's always worth waiting for a housing crash to get good deals but will a housing crash happen significant enough to really make that good deal that you're thinking how does southwest florida look to be honest i'm not fully focused into southwest and northwest of florida i know in particular florida is booming because a lot of cali people are moving to florida so i know that it's doing very well it's almost it's doing as well as texas and as well as las vegas nevada basically what's up alexander flip-flop never run into a bidding war i've been in multiple bidding wars these past couple of months carla's saying some people are telling me to just buy because it's not going to get better are they right that's the problem is some are saying it's not going to get better others are saying it's going to get better i mean well better some are saying don't buy right now it's going to get worse others are saying buy right now it's going to keep going up you have to understand if your finances make sense make the move if you're ready make the move you don't want to try predicting an actual crash will it be worth it will it not be worth it maybe prices go down 5 10 15 k maybe they go down 5 10 but then the rates go up so it just kind of balances itself out if the money makes sense right now make the move don't delay yourself if it doesn't don't put yourself in a bad position because everybody is overpaying right now i'm in california what's the best type of property to buy the best type of property to buy in california is the one that you can afford california properties are ridiculously overpriced alexander i'm a first time home buyer not sure what to do at the moment what advice would you give to myself myself as a first time home buyer first time home buyer if you actually have to buy right now because you've been waiting and you've saved up your money and you seem good financially make the move if you don't have to really buy right now be patient you don't want to flip yourself upside down as a first-time home buyer it's so competitive so much you have to learn and you don't want to be overpaying waiving contingencies on your first time house you want to be careful with that i hope that helps you guys we got 68 likes i'd love to see those likes going up because we got 230 people on this live and i think that if you guys just focus right now it's for free but you click it it's going to make the youtube algorithms pump this to other people who are like you so hit the like button i'd really appreciate it the unemployment rate right now is higher than that of 2008 so in tooth and march 2020 we had a very march april may june we had a very high unemployment rate as of right now carl is saying it's higher than 2008 which could be a fact but the problem is this is that the unemployment is not referencing off on the house prices house prices are being picked up by those employed and secured the unemployed are majority probably renting so it's a lot different for them those landlords are the ones in a bad position they can't wait to take out those renters to evict them and then to possibly rent out again or after what happened this last year i'm not seeing landlords wanting to rent they're probably just wanting to sell the property after this headache base zoomer is it possible to be a great agent working full-time salary i'm a chef now some days i work 12 plus hours six seven days a week getting tired of the school i need to get out now shout out from las vegas shout out to you from dallas texas but if you're working 12 hours a day six seven days a week as a chef i don't think that you would you would do too well as an agent i'm being honest with you being an agent part-time is is not something i encourage it's a full-time game it's very hard for people to do it full-time because they want to live because you don't make commissions that quick but if you want to dominate it's a full-time game you can start it part-time but the problem is you don't even have a saturday or sunday off so it makes it tough to do work on those days for for real estate the government screwed up royal royally the way they did the forbearance ordeal the government right now is just delaying they don't want to they don't want a massive hit they're delaying right now because they understand really what's happening and they know that if they don't delay their reactions things are not going to look too good huh only only stupid people buy homes in this market what goes up must come down i don't think they would be stupid because if they would be stupid you'd call me stupid because i bought my house in december of 2020 and i don't think i'm stupid maybe i'm not a genius for buying in this market but i bought because i don't believe a house is an investment i believe it's for personal so if my my numbers made sense my finances made sense i went and i made the move so if you're buying in this market and your numbers make sense i wouldn't say it's stupid guys if you are paying over appraisal why why why please someone explain to me why people think this is a good idea people think this is a good idea because they want to win the house not because they think it's a good idea because they're desperate to win the house too many kids too many family members too long in their rental too long in this other small squishy home they just want to win the house it's not about it being smart or anything that's just how it works all right guys my bad i had to do that because the camera just auto shuts off but we should be fine we're good we're going to continue we're going to keep rolling we got min saying will interest rates rise soon will interest rates rise soon from what the feds are saying we're not expecting it to rise soon but from what we're seeing right now short term it raised 0.3.4 percent it could be rising more later on but as of right now they're promising to stay low for a couple of years so we'll just have to see i mean they can wake up one day and say never mind we changed our mind we're going to raise the rates on you just because we feel like it it could happen the problem that we're having guys is when a house sells over price that means that the new appraisals are going to value the home that's now on the market at that price so you live in a house that's worth 300k your neighbor sold for 350. your house now if it's the same style and the same square footage like the one beside you if someone were to buy your house it'll appraise at 350. so appraisers are literally messaging me saying karam this is one of the hardest properties to praise quran this is a very tough market to get appraisals quran this is not easy right now appraisals are struggling they're backlogged they're struggling and it's not easy on them honestly it's probably the hardest job right now for an appraiser to give true value to a bank tiger role says i sold to buyer for 50k over appraisal he had four kids and a wife and needed a house bad congrats on selling for 50k over but then i kind of felt bad when he said he has four kids a wife and he needed a house bad i feel like sellers are taking advantage of buyers in this market and when it's a seller's market that's just what happens michelle says well if a depression happens houses will go way down i mean a depression happening i don't see how that can happen but if it does happen of course you would see it go down you'll see everything go down you would see the markets go down canada movie don't worry we are going to see negative interest rates soon i wonder uh can you tell us why you think that though i'm curious to hear the real estate pimp it's la is live tea house thank you so much what's up man an old 1919 an old 1999 house with 2800 square feet is listed for half a million in keller texas this is insane in keller texas half a million for a 2800 square foot home that's ridiculous honestly oh my god we have so many questions coming in i love it keep bringing your questions but let me see how i can get through this tiger roll you're cool karam i'd like to be your friend you're my best friend you hit the subscribe button you clearly hit the like button you're already my best friend alexandra i've been renting for many years and i feel like i'm wasting money which is why i'm asking renting is not wasting money let me make this clear real quick when you rent you pay 2 000 a month when you buy a house you pay 2 500 a month from the 2500 a month maybe let's just say 18 1900 a month go to your interest payment 500 600 goes to equity plus you have property insurance plus you have to pay your maintenance on the property plus you have to pay electricity and bills in a rental you can be 2 000 all in with the utilities when you're renting and when you're buying it is almost identical i ran these numbers a million times on a million properties on a million other clients and on myself when you rent in when you buy it's almost identical now if you're going to rent in a super super expensive apartment of course it won't be equal or a super super super cheap apartment of course it won't be equal but theoretically if you're renting what you would typically buy as well in the same kind of standard it's almost equal in fact sometimes you might lose when you buy a house because there's so much more expenses right so don't think you're just throwing money in the trash right now i can right now every month i'm paying property taxes almost 1500 a month that's throwing the money 1500 bucks a month is literally like i'm paying rent so when you're talking about you don't want to rent and throw money guys you got to think of it like that as well is that making sense if it's making sense i want to see the like button go up if it's not making sense i want to see the like button still going up mario you expecting a 2008 crash or a market correction i'm not expecting a 2008 crash i am somewhat expecting a market correction it has to happen win though we don't know because the governments keep delaying stuff jimmy how do fha do in this type of market more sellers turn them down in this competitive market fha loans and even conventional loans in this type of market they're doing okay but let me tell you something if you're putting an fha offer you have to be significantly higher than a cash offer or conventional offer for them to entertain it if you're putting a 250k price and a conventional is a 258k and a cash is a 257k they might be like i'm gonna take the 257k it's cash it's only a difference of a thousand and three thousand i'm not going to risk it but if the price is 250k and you offer 280k in the cash guy and the conventional guy offer 270k you're 10 000 higher they may entertain it high chance they will you just have to come so more so much more aggressive is what you have to do legendary video says i'm too cheap to buy in this market there's a lot of people who are too cheap to buy in this market are just not not really trying to mess with this market at all because of the eviction moratorium tc is saying because of the eviction moratorium my parents opted not to rent out their property they didn't want to risk no rent being paid and not having full control of their property you know i don't blame them what i do on the properties that i have that i'm renting out i have my tenants on leases three months every three months i can renew with them i just got a new tenant i proposed three months she was like this isn't safe for me and my kids i'm not gonna rent only a three-month term i said bye if i'm gonna sign a one year lease with you and then you decide not to pay and i can't evict you i'm good i'm doing it on three month terms because legally once their term is over they're not supposed to be in there but if you do a one year lease legally they're supposed to pay but through through what we're going this pandemic in the moratoriums they can somehow slip away from that guys we have 313 people live i just wanted to say a huge shout out to everybody i got so much love for you all so much appreciation our channel has been booming lately we've gotten thousands and thousands of views thousands and thousands of new subscribers thank you guys so much for everything y'all are awesome i hope that you guys are enjoying this getting true value and enjoying it as well as learning what it is that you need to do to prep yourself i'm hoping that i can keep seeing these like buttons go up i'm hoping that i can keep seeing you guys in the future and i got a lot of exciting things for you i got my website coming soon i got courses coming soon i got merch coming soon i got a discord channel coming soon where we can chat 24 7 and we can chat with like-minded hustlers just like you now we're getting a ton of questions we got a ton of people who are questioning this upcoming housing collapse crash will it happen how will it happen and in this video i gave you stats and i gave you facts on what could happen and not happen but ultimately me personally i'm not seeing a 2008 crash happening there's a lot of differences in a lot of different reasons there could be a different catalyst that causes a serious crash just like we woke up one day and we had the virus that shut down the economy millions of people went bankrupt i represent landlords i have right now probably over three four hundred thousand square feet in commercial real estate that i'm leasing out that i manage for landlords over 20 plus real estate properties commercial got a portfolio and out of those i've had many tenants walk away because they can't pay and the landlord couldn't do nothing the catalyst maybe is not the house prices maybe is not the interest rate maybe is not the supply and the demand it could be something slaps right across this market just like the virus did and that could be what causes a serious devastating crash you gotta you guys have to keep that as a possibility this virus came in crazy jason walter in the house if you guys don't know who jason walter is he is the man i'm actually going to do a collab with him so shout out to jason walter top of the morning to you it will be interesting to see what happens happens this year with our housing market that is awesome i'm so happy to see you here jason hope you're getting some nice value from this video hope you click the like button and subscribe button because even though you're big booming right now in your channel you still got to show the love to us right so um i'm hopefully very soon gonna be doing a collab with him as well so it's good to see him in this channel in this live all right guys so hopefully these answers these ques the questions you're asking you guys feel they're being answered if you haven't got your question answered i'm sorry there's so many i'm trying to get to them all maybe send it again so i can see it if not jessica's saying why don't sellers like fha loans fha loans are easier loans to get quote unquote the person who gets them doesn't really qualify for a conventional you could still qualify but typically you want less down payment typically you want easier restrictions you have to have you don't have to have a high credit score fha loans have specific appraisals done have more strict guidelines have inspections done people don't like them because they require them to do more work why take an fha if you can get a conventional why take a conventional if you can get a cash deal right i've done deals with fha sales all the time they're smooth i've done va loans all the time they're smooth conventional they're smooth but sometimes it hicks up hicks up is that even a word a hiccup happens and people get the bad taste in their mouth from fha loans and remember a real estate agent could could be advising the seller or their client hey don't take an fha loan they're bad and the seller doesn't even know why but the realtor might be saying that because they want an easier process for them you got some shady sneaky rat realtors you guys gotta know that there are some slimy real estate agents out there it's not even funny i've seen it i've dealt with some and i slammed the phone on them when i hear them because it's ridiculous to deal with someone like that jason i appreciate it brother same to you keep it up and keep doing what you're doing we got michael saying question i currently own my home in el paso texas we got a texan here what's up currently worth about 150 thousand dollars i signed up with a builder home was two hundred fifty seven thousand dollars when i signed up last october but now they want more cash thoughts you own a home for 150k then you signed with a builder for 257k i'm assuming to build a house now they want more cash my thoughts are you're lucky to even secure the house because right now builders are backlogged right now builders are upbeating their properties i got a message the other day for a client who was trying to buy a property the builder stated we are no longer putting a price on the lots and on the homes we're gonna have buyers come bidding and whoever has the highest bid we're going to lock it in with them so if you're builders saying hey we want 10k more and you still really want the house you got to do it the reality is builders aren't actually trying to screw you lumber costs are up bricks are backlogged there's so much more expenses they're having to pay that they're just trying to not lose money and be safe it sucks i know but in the contract you sign it has in there that with deadlines and with due dates and with delays you are okay with them even if you're really not okay with them and then i'm sure now they have price changes adjusting accordingly and that you still have to be okay with those as well we've been going on this live for 39 minutes i think this is a record for our live stream and i'm just getting warmed up no i'm just kidding i have a meeting with this guy who's about 82 years old i'm about to leave from this live stream and meet with him he's a real estate agent broker but he owns so much real estate and he's 82 and he's trying to do his estate you know he's trying to prep his estate for his heirs so i'm meeting with him to see what opportunities and he's not trying to pay a lot of capital gains tax so he's willing to do terms which means that he's willing to finance and go through the the years of getting his money back because nobody wants to pay capital gains tax it swallows your money a lot if you guys didn't know anyways guys okay minnesota market is ridiculously high awesome i graduated uta opma16 i don't think we had any classes together though oh my god we have an operation management major in 2016 they graduated i graduated with acma from uta as well my degree is behind me but i graduated in 2018. yeah i graduated in 2018 so probably that's why that is so funny scene seeing that we got people who i went to school with coming on this live i love it thank you love your content honestly and honesty chong left from minnesota thank you so much i appreciate that that's real nice of you i really appreciate that anyways guys okay i got so many lights hitting me right now i'm sweating we've been on this live for quite a while so i'm gonna wrap up this list live steve is saying hey chrome love the content and channel what do you make of the refinancing boom is it healthy for housing market refinancing boom means one thing more than likely everyone who refinanced doesn't plan to sell which means less properties on the market which means demand can continue and i'm going to wrap it up like that guys thank you all so much for watching this live please if you got any value hit the like button and most importantly subscribe i upload three times every week i go live with you on saturday so we can talk just like this and it's not a bad idea to stay involved get educated and try to make yourself ahead of the game it's saturday you guys are hustlers you guys are smart because you're spending the time and energy to be able to watch this live stream versus chilling or laying or watching netflix much love to all of you guys thank you so much thank you for being here you guys are amazing i'm blessed to have you and i'll see you in next video which will be on monday at 5 pm cst until then keep grinding be safe and i'm out you

Channel: Karam Khalil

Views: 31,414

Rating: 4.8764324 out of 5

Keywords: jason walter, jeb smith, ken mcelroy, minority mindset, epic economist, kristina smallhorn, javier vidana, dan frio, randy patrick, epic real estate investing, j bravo, george gammon, thisisjohnwilliams, uneducated economist, jerry pinkas, stimulus checks, housing crisis, housing crash, housing collapse, real estate update, real estate crash, 2021 housing crash, 2021 housing crisis, foreclosure crisis, mortgage forbearance, eviction crisis, karam khalil, houses, home, tx

Id: iJ-lNp5cw-Y

Length: 41min 5sec (2465 seconds)

Published: Sat Mar 27 2021