Like inflation fears of a recession if you’re looking to buy or sell your home at this time you might be feeling a little insecure is it a buyer or a seller’s market should you wait before making any moves.
why shouldn’t people be panicking when it comes to real estate right now
well there’s a lot of fear out there because there’s a lot of negative news in the economy in general and that’s all very very real but what it’s not doing is it’s not going to cause the housing market to collapse. and we’re hearing a lot of people interacting with us on our radio show and our social media and stuff that are really afraid we’re going to see a real downturn in housing prices and the data just says that’s not true i know it’s a feeling and i know people are afraid but you know your feelings aren’t facts. and the facts are that we’ve got a high supply of home i mean an under supply of homes and an oversupply of buyers which means there’s a shortage and that will maintain the house prices.
now we are going to return to more selling at appraisal instead of above appraisal that white-hot market after the covid pandemic you know that’s gone and we’re going to be in more of a normal market.
Advice to them as far as sitting tight or making any moves
well i want people to stay the course and what we teach is all about wealth building the best way to do that is to get out of debt and get a fully funded emergency fund so if you’re feeling the pinch right now you can’t afford everything it may be time to sit down and do a budget pay attention to where every single dollar is going get on a plan make some sacrifices because i want you to be a homeowner but i don’t want that home to own you and that’s what happens when you make a rash decision out of panic and fear.
well i want people to stay the course and what we teach is all about wealth building the best way to do that is to get out of debt and get a fully funded emergency fund so if you’re feeling the pinch right now you can’t afford everything it may be time to sit down and do a budget pay attention to where every single dollar is going get on a plan make some sacrifices because i want you to be a homeowner but i don’t want that home to own you and that’s what happens when you make a rash decision out of panic and fear.
amazon prime day should we or shouldn’t we
well you know i think your your report before was accurate is that not everything there is necessarily a good buy and when you buy something you don’t need with money that you don’t have to impress people that you don’t even really like. that’s probably a bad idea. okay that’s called impulsing impulsing and so you just want to avoid that if it’s part of your plan to purchase something you can get a good buy on it today that’d be fine. and george has done a bunch of research on the buy now pay later stuff where people are putting a shirt on three payments yeah layaway asinine right
