You can’t Predict the Market

Brian Davila Show - Real Estate Investing, Building Wealth, Faith Based

Wealthy Investor - Real Estate Investing, Real estate, Build Wealth, Faith Based

Flipping Houses, Rental Property, Real Estate, Business, Wholesaling Real Estate, Investing, Real Estate Investing

2.5 • 884 Ratings

🗓️ 12 May 2024

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Predicting the housing market is nearly impossible. Focus on building a resilient investment strategy instead.---If you would like to work with Brian on flips, wholesales, or coaching, check out this page - https://www.briandavila.co/home-7863Follow Brian on Instagram - https://www.instagram.com/thebriandavila/Follow Wealthy Investor on Social Media: https://www.instagram.com/_wealthyinvestor https://www.tiktok.com/@_wealthyinvestor---

Transcript

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0:00.0	With everything so expensive right now, do you think it's better to wait until there's like a correction in the market and then prices go down?
0:12.0	Or do you think people should buy houses right now?
0:14.0	I think you only can buy in the market you're in. I've been buying deals for every
0:18.0	year for 20 some odd years. I bought a deal last year I plan to buy several this
0:21.4	year. You can't what you can't you can't predict the market.
0:24.3	Yeah. What I would and again I do I I talk about the daily financial news live five days a
0:29.3	week so a lot of people are calling for the market to crash the last couple of years.
0:33.4	I'm like, no, you idiots, transactions are going to crash, not prices.
0:36.7	Man, did I get a lot of hate for that?
0:39.1	Yeah.
0:40.1	Everybody's like, Michael, you don't get it, rates are going to go up 300 basis points.
0:43.0	Property has to crash 30%.
0:45.5	I'm like, no, you idiots, I've studied history.
0:47.4	I've gone back to the 1970s and 80s.
0:49.5	The only thing that happens is transactions are going to crash 50%.
0:52.8	I was right, they were wrong.
0:54.2	If you want to wait on the sidelines, go ahead.
0:57.7	You need to do great deals today.
1:00.4	And oh, by the way, they're hard. Yeah, and oh by the way there's nothing wrong with earning 5% while you wait for the deal to come. But if you you have to believe they're out there. If you just
1:11.8	Admit defeat and your soft little whiny bitch, I don't care.
1:16.0	Just do your thing.
1:17.0	Hopefully I could swear.
	...

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