153: State Of The Real Estate Market, Housing Affordability, Hurricanes
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 27 June 2018
⏱️ 48 minutes
🧾️ Download transcript
Summary
#153: Where are real estate prices headed? I discuss this with Kathy Fettke of The Real Wealth Network. Demand still exceeds supply in many places.
But in coastal areas, affordability problems could be a constraint on future appreciation.
The latest Case-Shiller 20-City Index shows 5.7% year-over-year housing price growth. Though this is surely an imperfect metric, it is a historically sustainable growth rate. It is also supported with responsible lending.
Kathy & I have each invested through the 2008-2009 Mortgage Meltdown and Great Recession. We discuss how that shapes our investor behavior.
I also discuss how natural disasters like hurricanes can pummel those that have a lot of equity in their properties.
I bring you today's show from Punta Gorda, Belize.
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Listen to this week's show and learn:
01:05 Hurricanes: how to protect your real estate.
05:33 When a loan is made, the borrower is in more control than the lender.
10:14 Supply vs. Demand.
12:56 Builders aren't building the most in-demand housing types.
13:20 Housing Affordability Index (HAI).
16:07 30-40% of the USA is overpriced. 60%+ is not.
18:28 Annual price appreciation is 5.7% per the latest Case-Shiller numbers.
20:05 Recency bias.
25:25 Holding Kathy & I accountable for what we said 19 months ago. The Fed, Trump.
31:25 Higher interest rates? Apartment buildings will be riskier than single family homes.
34:55 Best places for real estate investors today.
38:32 Texas.
41:02 More renters and fewer buyers mean that new RE investors are needed.
44:17 Trump will protect the mortgage interest deduction and 1031 Exchange.
Resources Mentioned:
Transcript
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| 0:00.0 | Get Rich Education is brought to by Nerata Real Estate, Mid-South Homebuyers, and Ridge Lending Group. |
| 0:10.0 | Welcome to Get Rich Education with Keith Weinhold, giving you information and ideas on the investment that has turned more ordinary people into millionaires and billionaires than |
| 0:22.1 | anything else, and can provide you with more wealth and happiness than you ever thought |
| 0:27.3 | possible. |
| 0:28.4 | Now, here's your host, investor, entrepreneur, business owner, and educator Keith Weinhold. |
| 0:39.4 | Welcome to Get Rich Education, episode 153. |
| 0:42.7 | Hi, I'm your host, Keith Weinhold. |
| 0:44.2 | What is the state of the real estate investment market? |
| 0:47.2 | Today, that's our topic, |
| 0:49.0 | and how do you best position yourself for these economic conditions? |
| 0:53.5 | With listeners in 183 world nations, boy, that's |
| 0:57.0 | getting pretty close to every world nation. Thanks for being here, but you're not here for me. |
| 1:02.3 | You're here for you. First, let's talk about the tragedy in the Houston area. Hurricane Harvey. |
| 1:09.7 | There's been such heartbreaking footage of |
| 1:12.5 | fatalities and stories of survival of families dealing with the flooding there. |
| 1:17.8 | You've probably seen the images of water levels so high that it's just a couple feet below |
| 1:23.9 | an overhead street traffic signal and express ways that look like lakes and a lot of damage |
| 1:30.7 | to people's homes and businesses. And, you know, my mental frame of reference for this shoots back |
| 1:36.3 | to the Hurricane Katrina flooding New Orleans in 2005. Well, back then, I still remember |
| 1:42.8 | watching the footage on television and asking myself the question, |
| 1:46.5 | how could this happen here? This doesn't even seem like something that could happen in the United States. |
| 1:52.7 | Well, of course it could because it did. And now it's happened again in Houston. |
... |
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