Aug 17, 2022
What is going to happen in real estate as a result of the recession? I sit down and chat with Pranay Parikh in this episode, and we discuss the presence of high interest rates and housing shortages that are having major effects on the entire industry. We’ve already seen a 5-10% drop across the board, and it seems that successful real estate investing is a game of numbers. Tune in to hear more about what sectors of real estate to pay attention to, and what’s to come in the near future.
-How are you going to get through the recession?
-We talk about real estate, high interest rates, and what’s forecasted for this industry given the housing shortage across the US -There has already been a 5-10% drop across the board
-What you pay a month is determined by your mortgage interest rate and the purchase price
-Could we go into a prolonged real estate bear market? The market is huge, and we have to be specific. When most people think about real estate, they things of single family homes
-Over the past 5-8 years, people have gotten into short and adjustable mortgages
-A lot of homebuyers and investors have a better idea of what they can afford
-The people on the sidelines who have been saving for years to buy a house are the ones that are going to get hurt
-Cap rates are going higher because cash flow is going down
-It’s all a numbers game
-Keep your eye on the sunbelt, because people are relocating there