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On The Market

62: Homebuyers Are Getting Crushed: Are Landlords the Cause?

On The Market

BiggerPockets

News, Investing, Education, Business

4.8 • 859 Ratings

🗓️ 19 December 2022

⏱️ 58 minutes

🧾️ Download transcript

Summary

The housing crash is always looming. If it wasn’t, how would media outlets push you to constantly stay informed, glued to the television, watching every new mortgage and inflation update? For years now, a housing market crash has been the talk of the town, with everyone from well-known news anchors to your “very informed” family members telling you that it’s only a matter of time until this house of cards comes crumbling down. But these “forecasts” aren’t as rock-solid as they may seem. This is just one of the stories we’ll touch on in this episode of On the Market, where we’re joined by our entire panel of expert guests! With the housing market in a standoff between buyers and sellers, our expert real estate investors are here to save the day, giving you the top stories that could impact your income. To start, Jamil talks about the “cancer” that’s affecting the Arizona housing market, Kathy touches on new landlord legislation, Henry hits on the US recession, and James debates the housing market doubters. But we’re not just talking about how investors are faring, we’re diving deep into a rarely-talked-about subject among investors—homelessness, housing affordability, and our impact on society. You’ll hear why investors are open to building affordable housing, but there’s one BIG hurdle standing in their way, stopping them from moving forward. We’ll also discuss whether or not landlords are the villain retail homebuyers portray them to be, and how we, as investors, can help more homebuyers reach their dreams of finally becoming owners themselves.  In This Episode We Cover Homelessness, housing affordability, and why even as prices drop, first-time buyers feel out of luck  Affordable housing and what the government must do to incentive landlords to act Landlord legislation and a new bill that could curtail Wall Street’s buying activity  Whether or not the US has already entered into a recession and who’s hurting the most Housing crash “clickbait” and why the chances of a home price drop-off are different than you think The “money printing disease” and how the Federal Reserve’s unregulated moves are killing the economy  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave’s BiggerPockets Profile Dave’s Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-62 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

interest rates are sky high in 2023, and buying a rental property means you could get stuck with

0:05.4

an 8, 9, or 10% mortgage rate. But what about a 2.99% rate with rent to retirement? Rent to

0:12.4

retirement has 2.99% seller financing available on turnkey properties. You heard that right. That's a seller

0:19.9

financed 2.99% interest rate with an average

0:23.5

cash flow of over $900 per month. Plus, they've got options where you can put as little as 5%

0:29.9

down with no PMI. As the nation's leading turnkey investment company, rent-to-retirement helps

0:35.4

investors build headache-free, high-cash-flow rental

0:38.2

portfolios. And since their properties are fully turnkey, newly built or renovated, leased, and

0:44.0

managed, anyone can invest. Even those who aren't into landlording. So what are you waiting for?

0:49.2

This 2.99% rate deal won't last long. To learn more, visit rent-retirement.com. That's rent-t-o-retirement.com.

0:59.3

Or text REI to 33-777. Again, text REI to 3377777. In a frequently shifting market,

1:09.2

deciding how to invest can be overwhelming. You need a partner

1:11.7

that has a proven track record, BAM Capital. They've navigated the Great Recession, COVID,

1:16.3

and even the current interest rate environment delivering max returns. If that track record isn't

1:20.8

impressive, then I don't know what is. Bam Capital is a trusted multifamily syndicator with over

1:25.5

$1.3 billion in transactions. Their disciplined

1:28.7

investment strategy targets cash flow stability, capital preservation, long-term appreciation,

1:33.7

and accelerated tax benefits. Join Bam Capital's 1,200 plus investors across America at biggerpockets.com

1:40.5

slash bam. That's biggerpockets.com slash BAM.

1:44.8

Buy low, sell high. Very easy to say, but not always so easy to do. For example, high

1:51.4

interest rates are hurting the real estate market right now. Demand is dropping and prices in a lot

1:56.7

of markets are falling, even for many of the best assets. So it's no wonder the Fundrise

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