359: The Real Crash In Real Estate, Wealth Without Wall Street
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 23 August 2021
⏱️ 46 minutes
🧾️ Download transcript
Summary
A 60% housing drop is what I’m talking about today. That's the real estate crash.
What has driven housing prices 23.4% higher year-over-year? Scarcity, utility, and demand.
I’m talking about a housing *supply* crash, not a price crash.
The guys from Wealth Without Wall Street, Joey Mure and Russ Morgan, join us.
They discuss why Wall Street makes money managers profitable, not individual investors.
Most individual investors are so used to abandoning what they really want, that it’s difficult to remember what their dream even is anymore.
Racing to “zero debt” is a losing game for most people.
Resources mentioned:
Show Notes:
WWWS’s financial passport resource:
WealthWithoutWallStreet.com/Passport
CNBC: Rent Prices Rising Faster:
https://www.cnbc.com/2021/08/11/rental-bidding-wars-
heat-up-as-economy-improves-in-tight-housing-market.html
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Transcript
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| 0:00.0 | Welcome to GRE. I'm your host Keith Weinhold talking about the real crash in real estate and why we're looking at a 60% drop. |
| 0:09.6 | The fact that rental bidding wars are now heating up. |
| 0:12.6 | Then the guys from Wealth Without Wall Street join me as we talk about why and how trying to be debt-free is a losing game for so many people today on get rich education. |
| 0:24.5 | You know, a lot of investors choose either cash flow or home price appreciation, but one real |
| 0:29.1 | estate market could provide both Jacksonville, Florida. They've got 27% lower home prices and |
| 0:35.1 | higher rents than the national median. Their market is appreciated 34% more than other comparable cash flow markets over the last 30 years. |
| 0:43.1 | Get positive cash flow today and above average appreciation for tomorrow. |
| 0:47.1 | They often have available inventory in Jacksonville, if you can believe that, start at cashflow and growth.com. |
| 0:58.2 | You're listening to the show that has created more financial freedom than nearly any show in the world. |
| 1:05.6 | This is Get Rich Education. |
| 1:21.2 | Yeah. is get rich education. Welcome to GRIZE from Florida's Lake Okachovie to Georgia's-Finoki across America and 188 nations worldwide. |
| 1:29.5 | You're listening to one of America's longest running and most listened to shows on real |
| 1:33.4 | estate investing, economics, and wealth mindset. |
| 1:36.5 | This is Get Rich Education. |
| 1:38.2 | I'm your host Keith Weinhold. |
| 1:39.1 | We'll talk about what's happening with renters in just a moment. |
| 1:43.1 | But you know, people still ask me, |
| 1:45.9 | how in the heck did this epic housing price run up happen during a recession? Well, first of all, |
| 1:54.1 | in the latest Federal Reserve numbers, you'll see that year over year, the median sales price |
| 1:58.5 | of existing homes has risen from 294K to 363K. |
| 2:06.4 | That is a 23.4% gain. And yes, there are factors like historically low interest rates |
| 2:16.4 | there in pandemic-driven supply chain bottlenecks, |
... |
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