4.7 • 669 Ratings
🗓️ 19 November 2020
⏱️ 43 minutes
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0:00.0 | Welcome to Real Estate Coaching Radio, starring award-winning real estate coaches and number one international bestselling authors, Tim and Julie Harris. |
0:21.2 | Real Estate Coaching Radio is the nation's number one daily radio show for realtors |
0:25.9 | who demand authentic real-time coaching. |
0:29.1 | Get ready for fluff-free, unfiltered, full-strength honesty about what's truly working |
0:34.0 | to get you into action, helping others, and making money now in today's real |
0:38.6 | estate market. Now to our hosts, Tim and Julie Harris. |
0:45.6 | Three, two, one, and we're back. And we're going to jump right back in where we left off |
0:50.8 | yesterday and the day before and the day before. I'm, again, very appreciative of the great feedback we're getting on this series. I think you guys are, I think you're really |
0:59.6 | ready for the new year. That's the sense I'm getting based on the feedback. You're excited about it. |
1:04.0 | You're realizing that you are in the right place, the right time, the right industry. And to further |
1:08.1 | reinforce that, there were two really interesting data points that came |
1:11.0 | out today about the real estate market in general that I wanted to share with you prior to getting |
1:15.5 | to the next point, which is point number five. And the first one was, is you can get on mortgage |
1:20.8 | interest rates, you can get a mortgage interest of 2.87% now, 2.87% on a 30-year fixed-rate mortgage. Now, that's extraordinary. If you think |
1:30.7 | about that, that is amazing. And if homes continue to appreciate or increase in value like they have |
1:37.8 | been, some would argue that it's inflation, including yours truly, but if they continue to increase |
1:43.2 | in value at the rate that they have been, |
1:44.8 | if you can get lock in a long-term 30-year mortgage for 3%, and your house is increasing in value |
1:51.3 | every year by significantly more than that, or even if it's only 3%, you're essentially living |
1:56.6 | in that house for free. So I want you to really consider the fact that unlike maybe years in the |
2:01.3 | past where it maybe made sense to have your house paid off, maybe in this inflationary era that we're |
2:07.1 | entering into, it's maybe better off to have some debt on that house with the money practically being |
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