Are We In A Real Estate Bubble?

???So, most of you have been in a covid coma.?Welcome back.?Get out of it and get here.?You’ve missed opportunities now, in my opinion, for over two years.?There are so many small business opportunities.?I bought a Ford dealership with eleven of us.?I mean, small, medium-sized businesses got pummeled, while the big box stores got to stay open “because they were essential.”?Our teams were essential, and we stayed out here supporting the medium and small business owner.

????So, what happened to the real estate market??Well, most people moved, the demographic changed.?It was fascinating.?We had a real estate construction and land development company up in Boise, Idaho.?Californians were flooding in.?Oregon, Washington.?I had land in Texas.?I had cops moving out of Washington, couldn’t stand to live there.?New York moved to Florida; Jersey moved to Florida.?The movement was astronomical, we’ve never seen such a movement, probably in the history of my life.

????When we were starting to build, we had so many single home developments, and we were probably in the three, low four, but really in the $300,000 market, which is normal for the Treasure Valley and the Boise area.?Once all of this started by 2021, houses were going for five, six hundred thousand dollars in the same neighborhoods.?Shocking prices, shocking elevation of prices.

????To me, that was an interesting bubble, and it was a false bubble.?The interest rates were really low, so a lot of people were buying, and they just sold out multi-million-dollar homes, which were much smaller in California or in Seattle, wherever they moved from.?They came with a lot of cash, and so, it didn’t matter what they bought for.

????Now, they have a big problem.?If that is all leveled out and neutralized back to three and four hundred thousand dollars, houses stay on the markets longer. ?So, I think there are market-centric bubbles.?That is going to be an interesting one, where you’re going to watch the fallout of people spending or buying, unless they bought it in cash, or got a really good deal, or could afford the cash flow.

????There’s going to be a foreclosure and a fallout market of those who really couldn’t afford that, stretched for it, bought a $500,000 house only worth $300,000.?Now, will it come back??I don’t know.?Interest rates are higher.?So, less people are going be buying.?They’re going to be moving more to a rental market.

????Why is this so current now??Because things are leveling back out, to “norm.”?Whatever this new norm is.?Median housing prices have shifted 20 percent.?Phoenix had a crazy rush.?Texas had a crazy rush.?Ford had a crazy rush. Depending on where you are, I’m going to say city, almost very specific zip code-centric changes, and there’s still huge opportunities in the real estate space.

????What was interesting in 2022, depending on who you read and how you read it, some places would still say we still have a huge housing shortage.?Do we have a housing shortage, or do we have people who don’t want to rent, and they want to buy??Now, we’re in a huge interest environment, and they can’t buy, because they can’t afford it.?They can’t afford the payment.

????Why is there talk of a real estate bubble??Because things are leveling out, and we’ve just had a huge double market crash.?March, April of 2020, we were down over 30 percent.?Just recently, we went down 20, 30 percent, again.?The financial planners and the stock market people made all the commissions going into that, and all the fees in that structure, they’re in for the long haul.

????I have a software that takes me out of the market.?I’ve not lost more than 2 percent.?So, I see in a very specific algorithm of a software that manages me in and out of the market.?You are welcome to have a free app https://askloral.com/iFlipapp.?Put your money there, it’s a safer place than rollercoasting through the market.

????So, other inflationary reasons why things are up.?Why are you supporting the big box stores??They’re the ones controlling the price increases.?There are other ways to do it.?Go to this link https://askloral.com/beatinflation, and buy from direct sales companies.?I’m a huge direct sales company fan.?But even more now in a recession, and high interest and high inflation period.?Why??Because they don’t price increase.?They have total algorithms and software to pay all their constituents and affiliates.

????There are things you can do in your own spending habits.?What are you doing when you eat out??What are you doing when you have your shop??All these things affect our inflation, and how you are participating in it.?Interest rates, they are what they are for now.?A lot of you knew this was going to get a little heated right before the midterms and the elections that just went on.?We’ll see in 2023, if and when they level out.

????Is 2023 going to level out a little bit??There’re going to be massive opportunities in the market.?The market is down in so many areas.?So, get ready to buy.?Opportunities are going to be everywhere.?Small, medium-sized businesses are still going to have challenges.?The unemployment rate is still high.?People like to live on unemployment, in a Covid coma, and not come back to work.

#MillionaireMaker #WealthBuilder #FinancialExpert. https://askloral.com