Elon Musk's 72-HOUR Housing Market TAKEOVER (Mortgage Rates PLUNGE) | 1434

Epic Real Estate Investing

Matt Theriault

Education, Business, Investing, How To

4.8 • 955 Ratings

🗓️ 28 February 2025

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, we explore the massive impact of Elon Musk's DOGE initiative, which resulted in hundreds of thousands of federal workers being laid off. We delve into the potential consequences for unemployment rates and the housing market, particularly how these layoffs might push down mortgage interest rates. The episode discusses various speculations and criticisms surrounding Musk's actions, the influence of bond market movements, and potential opportunities for homebuyers and investors. Additionally, we introduce a real estate system designed to help individuals navigate and profit from these market changes. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Terio Media.
0:04.0	Hey, strap in!
0:07.0	It's time for the epic real estate investing show.
0:10.0	We'll be your guides as we navigate the housing market, the landscape of creative financing strategies, and everything you need to swap that office chair for a beach chair.
0:19.0	If you're looking for some one-on-one help, meet us at
0:21.7	rei-aise.com. Let's go, let's go, let's go, let's go, let's go, let's go. Let's go.
0:28.2	Hundreds of thousands of federal workers just got pink slips, and it changed your mortgage overnight.
0:33.7	Let me explain. As of this week, somewhere between 177,000 and 277,000 federal rolls
0:40.4	were eliminated through Elon Musk-Douge initiative. You get that number when we combine
0:44.6	voluntary exits and forced layoffs. The unemployment rate is projected to rise to 4.3%
0:50.7	by early 2025, reflecting a 0.8 percentage point increase. And here's what's happening.
0:56.6	Mortgage interest rates fall to their lowest levels this year. And at the center of it all,
1:01.2	Doge. Is Musk saving the economy or burning it down? Let's dive in. First thing, the Doge initiative,
1:07.8	the Department of Government Efficiency. Since January, it's reportedly eliminated somewhere in the realm of 200,000 federal positions.
1:15.2	Not 20,000, 200,000.
1:17.5	That's bigger than many entire companies.
1:19.8	Charles Farinella, a fired IRS agent in New York,
1:23.2	I don't know what I'm going to do at this point in time.
1:25.6	I might have to look to sell my house because I don't have a severance or anything, he said.
1:29.5	I feel pretty much devastated.
1:31.8	Those claims these cuts could save taxpayers up to $9.2 billion monthly,
1:36.9	but the watchdogs warn actual savings may be far lower.
	...

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