407: Housing Market Debate with Kathy Fettke
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 25 July 2022
⏱️ 46 minutes
🧾️ Download transcript
Summary
When mortgage rates rise, home builders slow down on building. This constrains supply and supports housing prices.
A record share of Americans say inflation is their No. 1 concern. The CPI is 9.1%.
Property operating expenses are rising with inflation, like insurance and property tax. What helps you pay for it? Rising rent.
Philosophically, why should you raise the rent on your tenants?
Besides adjusting it to the market amount, you took time learning, you built your credit, you accumulated a 20% down payment, you originated an 80% loan, your operating expenses are rising, you weathered pandemic uncertainty.
If an auto mechanic makes $60 an hour, in ten years, they might make $90 an hour. Where’s the growth in this?
Kathy Fettke from Real Wealth joins us.
We disagree on the housing market being “healthy”.
I believe a good description of the housing market is: "unbalanced":
Healthy for: rental property owners, existing homeowners, sellers.
Unhealthy for: renters, homebuyers.
She believes that the Fed has overstimulated the economy, prices are high, and housing is undersupplied.
We discuss real estate’s demographic advantage.
We agree that it’s a bad market for prospective first-time buyers and renters, and good for those that have rental properties.
A housing price crash anytime soon is highly unlikely.
She & I each believe that today, it makes sense to add carefully-bought rental properties to rent to others.
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Real Wealth with Kathy Fettke:
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Transcript
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| 0:00.0 | Welcome to GRE. I'm your host Keith Winehold housing prices and rents keep rising faster than historic norms. |
| 0:06.5 | We've now got the highest inflation of this entire era, but your property's operating expenses are up too. |
| 0:12.9 | I've got a solution for that. Then do we have a disagreement here? I see today's housing market is strong and healthy. |
| 0:18.8 | It sounds like today's guest could differ. |
| 0:22.0 | Let's break it down right here. |
| 0:24.1 | This should make for a most interesting conversation today on Get Rich Education. |
| 0:30.6 | Knowing the difference between a turnkey provider and a vertically integrated rental property company can cost you hundreds of thousands of dollars |
| 0:38.3 | over the life of your investment. Some companies sell you a property they don't own, renovate it |
| 0:43.5 | with contractors they don't control, refer you to a property management company they don't manage, |
| 0:48.4 | all in multiple markets because they can't source enough inventory. That's why truly |
| 0:53.7 | passive investors work with our friends |
| 0:55.5 | at JWB real estate capital. Perhaps the country's only vertically integrated rental property |
| 1:01.8 | investment company. They operate in one market, Jacksonville, Florida, and their whole job |
| 1:07.4 | is they make investing in rental properties easy for you. In fact, because of |
| 1:11.5 | their vertically integrated approach, their clients have gained 79% more home price appreciation |
| 1:17.2 | than the overall Jacksonville market since 2013. Find out more about why it pays to invest with |
| 1:23.8 | JWB. Call them at 904-6767-67 or go to jwb real estate.com slash gRE. |
| 1:36.5 | GRE listeners can't stop talking about their service from Ridge Lending Group and MLS 42056. |
| 1:42.9 | They've provided our tribe with more loans than anyone. |
| 1:45.8 | They're truly a top lender for beginners and veterans. |
| 1:48.9 | It's where I go to get my own loans for single-family rental property up to four plexes. |
| 1:54.3 | So start your pre-qualification and you can chat with President Chaley Ridge personally. |
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