Real estate is still in a major up-swing: prices continue to go up, inventory is low, and people are over-bidding just to get a house. A major online business that has added to the confusion is Zillow, and Debbie Bloyd comes on the show to explain how utilizing real experts and technology (rather than just technology) allows for accurate appraisals. Tune in to learn about the factors that Zillow tends to neglect when valuing a home, and how to be more aware in the current market.

-Not everyone is making money in real estate; Zillow has lost a lot of money with house flipping
-Here to explain where Zillow went wrong is mortgage broker Debbie Bloyd
-Zillow was messing up people’s expectations of how business should be done. You have to stay within the market range and not take people out of the equation
-You can’t only pay attention to technology and algorithms
-Zillow’s estimate does not have the final say; their algorithm doesn’t factor in everything
-A true appraisal is the only way to know what a property should sell for
-Zillow is a technology company applied tor real estate
-We need more people involved within the transactions
-There are going to be new ways to do appraisals on digital platforms in the coming years—utilizing technology and people
-Rates have been steady, but next year they’re going to go up
-With the stagflation in the 70s, real estate prices didn’t go up until the 80s

Useful Links:
Financial Survival Network
Money Strategies
Looking to Dive Into the Housing Market? The Time is Now with Debbie Bloyd
Wells Fargo Closes All Personal Lines of Credit with Debbie Bloyd

Direct download: Debbie_Bloyd_11.Nov.21.mp3
Category:general -- posted at: 8:01am EDT

We are currently experiencing the highest inflation we’ve seen in about 30 years, and I sit down and chat with Michael Busler to discuss some of the factors that have played into this. This is something that we experienced back in the 70s, and it is likely here to stay. Inflation is manifesting in a number of areas including energy and working wages—fueled by supply chain shortages and people leaving the workforce to receive money from the government. Something has to give, and we must show resistance to increasing prices if we want to avoid further damage to the economy.

-Is Build Back Better going to happen? We have inflation, an infrastructure bill, and a lot of other factors
-This is the highest inflation we’ve seen in about 30 years
-The Biden administration and the Federal Reserve say that it will go away—but this is not necessarily true
-They want the price of fossil fuels to increase, and have carried this out by restricting the supply
-Energy prices are going to rise in these conditions—manufacturers are also paying more to get energy
-Energy inflation is here to stay
-Wage inflation is also a major problem—3 million workers left the job market during COVID and are not returning
-Businesses had to raise the starting wage of these workers to get them back, and had to raise them for other workers as well
-The government has spend $6 million more than they’ve brought in in tax revenue in the last 2 years
-These things should not be passed at this time since we’re already in a hole
-Even when the supply chain issue is resolved, there are still number of other things causing inflation
-We could end up having stagflation, which we haven’t seen since the late 1970s
-The 70s was a great time to be a debtor
-As long as people keep receiving free money, they start to expect it. This mindset doesn’t help with the labor shortage
-Stock prices will usually go up more than the inflation rate
-When you see prices go up, don’t automatically pay them—see if there are substitute products
-If people become resistant to it, there will likely be less inflation

Useful Links:

Financial Survival Network
News Max
Michael Busler Twitter
Funding Democracy Facebook
Taxing the Rich to Death with Michael Busler
Inflation Isn't Going Anywhere But Up with Michael Busler

Direct download: Michael_Busler_11.Nov.21.mp3
Category:general -- posted at: 8:00am EDT






November 2021
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30