My Thoughts On The 2021 Real Estate Crash

Wow you got this one wrong lol

I feel like a guy who invests in real estate is trying to convince people to buy his overpriced properties thus completing his investment in real estate that he purchased at a much lower price tag.

Lets say, if I where do mortgage a home and have a low interest rate. And crash where to occur can’t I just get the price re-adjusted? If my question isn’t clear what I’m trying to say if I mortgage a home that is 100k and I just down 15k with a interest rate of 2%. And the market crash making my house worth 50-70k can i try to drop my price.

Low rate is only a piece of puzzle. Just like equities, smart investors don't buy stocks w/high PE because it's commission free or because of low margin rate. It would be stupid to buy a $500K hyped up property with 2.50% when the property is actually worth only $300K. And, with maint. costs, property taxes, and opportunity costs... net net, you still lose money with that 2.5% mortgage rate. And, don't forget, many people are on forbearance. I'll let those sellers hold their inventories. I'd like to see how long they can hold them.

Love this video

I bet I can beat Graham in a game of Monopoly.

Graham started out in the 2008 crash and bought a foreclosure as his very first house, that is how he made money, now he has looked for 6 months and cant find a deal to buy. Deja Vu anyone? 12 years between crashes is about right.

I want to get my Real Estate License can you recommend (the best classes) where I can go to a class? I value your feedback. Thank you.

Everyone: you should consider buying a house
My millennial wallet: nope

Freaking love ur videos!!! Straight to the point!!

Wow, tradewith_alberto_walker on IG made me so rich.

Aint no body watch this!

You uploaded this at August 3, 2020. Today is October 15, 2020. GS, Hard to advise people as you know you're struggling to find your way on your next one. There are many 'all cash' buyers in the neighborhoods I'm looking. Not being pre-approved by a Lender is a sure way to not be taken seriously when you're submitting your offer. That Pre-Approval Letter needs to be fresh and Proof of Funds on a current ATM receipt or fresh bank statement needs to be included with the offer. Banks are scrubbing every detail really hard these days. They look at everything very closely and ask a lot of questions, need documentation. Sure, I just got $1.4MM @ 2.75% fixed but it was not easy. The property I locked-in for $1.7MM appraised at $2.15MM a few weeks later and cool as that sounds the entire process was very tedious. Good energy in the video. Thanks.

So i have a question, you say market value goes up in Suburbia areas without addressing the growing residential areas that where once unpopulated. housing grown on the outskirts is always valued at more until people actually purchase it, and then a year or two later are told their properties are only worth what is the going value said properties because its no longer the outlining property.
how exactly are your viewers making money?

You seem to have shill in the value of your common man or how they should spend their money, or how someone might make an actual profit off your channel. your good for few ideas for building a aesthetic home for sure, but hardly who i would call upon to break me from a financial crisis.

Homes in my market are still increasing in value like crazy here in OC California. Just sold a home $40,000 over market value and the buyer paid cash. I think this could change in the near future thou. Graham when do you think interest rates will go up?

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cool

A natureza é maravilhosa

I can't listen to that voice..calm down.

Think it would be a great idea content-wise to do a movie Monday with real estate related movies. Start with The Big Short maybe. There some others like Arizona and Larry Crowne. Could be a good idea. Loving the content my man. More is better.

Define crash. In Florida prices are still too high & most have dropped their listings. No crash here.

Graham... Quit being a salesman....
People.... Low interest rate means squat when your home value tanks and you lose your income.
Don't buy real estate at all right now! You DONT want to catch a falling knife...

Did you buy when it crashed though. If not, another one is coming don't worry. Keep tapping your heels and it'll come true! Try not to miss it!

Most people can't afford groceries. Restaurants, hotels, travel, service industries are dying. Kind of hard to watch the 5% and their real estate problems. When people have money, it's easy to forget about those that do not.

I’m a long time mortgage broker. Very little discussion about the first wave of six month forbearance coming do now for all those past payments or people adding another six months on top of that and then what if they don’t get them modified? I can’t help but seeing a wave of foreclosures coming in the next six months to two years. Because conservatives are holding onto their real estate and low inventory, buyers will still be propping up prices until it pops

Real estate is going to crash hard

Hi Graham, have you ever looked at the UK property market? I am from the states, but have been living in the UK for twenty years. We have most of the same property swings, but it might be interesting for your viewers.

Everyone has their home listed here in nw Ohio.. sellers market

thanks for the information - what we need to know is that its coming!! cant afford houses at this moment in DFW TX

My family wants to buy a house one day we have rented our whole lives I will wait when it crashes so I can buy a house for 5$ 😅

obliterating, smashing and destroying the like button ....are examples of an oxymoron.....but i always click the like button ...as you are an excellent mentor

That was an excellent summary of the current real estate situation. You have a new subscriber.

It's great in some sense for someone like me who lives in NYC, even retail spaces are finally beginning to level out at some reasonable prices.

Very interesting point of view, although it may not apply for all the diferent countries. For example in Spain, we already have lower property prices. That makes it interesting for foreign buyers as well as investors. We have no shortage on properties for sale eighter. Although it is different in the mainland Spain than in the Canary Islands for example. On the islands we have a very diferent and beneficial tax regime. Im even brave enoguh to say that we are the best place in Europe to invest in real estate!

So what's a multi unit property owner to do given the hero act fails, and rent not being paid . Unemployed people falling behind . The government has the ability to right this off for the banks and the owners and renters to do a fresh start.

Sir, you are definitely assuming interest rates stay stagnant in the entirety of a mortgage. The base rate of any loan changes and is decided by the central bank which actually increases as the economy heals.

The video to me feels like you are encouraging people to buy into more expensive homes than what they could mortgage of. Put two and two together I don't think people should be doing that in what seems like years ahead of incoming uncertainty.

Any solution for House backing Freeway Noise ?
Don’t have any Soundwall build by Highway Department yet

This guys a postcode lottery winner.

You forgot riots

You should add consideration of the investor's credit score. Low interest rates are not available to everyone. If you have good credit, then you are at an advantage and should consider buying property from those who are not able to refinance to a lower rate.

I think i just felt in love

I'm in coastal Orange County, California, a luxury market by most any standard yet still with "starter" homes such as small condos and townhomes currently on the market for $600-700k though more than 50% of inventory is $1M or more. Prices are still rising, record values, very low inventory, bidding wars not uncommon. I currently own a townhome worth around $650k - wondering what your speculation is for this type of market going forward... how insulated is a market like mine from the calamities that are coming down the line?

how do you get the short sell listing.