"It's Over" - A Realtor Finally Speaks the Truth About the US Housing Market

http://FinancialSurvivalRadio.com/

This week, Financial Survival Radio host Jay Carter http://www.FinancialSurvivalRadio.com explains why he's renting his personal home, even though he owns multiple rental properties, why he isn't depending on politicians to "turn things around" with the economy and why holding physical gold and silver is the only safe way to save money.

To hear the entire show, go to FinancialSurvivalRadio.com and go to episode #9.

Category:

News & Politics

Tags:

• gold
• silver
• precious
• metals
• real
• estate
• market
• crash
• mortgage
• meltdown
• financial
• survival
• radio
• realtor
• agent
• broker

[FRuzicka]

I don't know how long Jay has been in the business nor do I know what kind of money he makes but he has some strange views which I can't understand.

He says "real estate is over" and yet he buys property for rentals. He says he rents a house which I assume he could just as easily own. Own at an interest rate at a 50 year low and a home value 20-30% below the high of the market.

No 401K or IRA, is he really that stupid. Your Social Security is subject to manipulation but your retirement?

[financialsurvivalpod]

@FRuzicka I buy rentals, but only properly-priced properties that allow me to receive strong cash flow the moment I buy them. As for the home I occupy, I continue to find that most single-family houses located in areas that are desirable to me are still much cheaper (and financially safer) to rent rather than buy. Plus, further disruptions in the credit market will cause home values to drop like a rock. And yes, I really am stupid enough to keep my wealth FAR outside any 401K or IRA vehicle.

[steveman03]

My mortgage is cheaper then rent bottom line.Whats wrong with America?I work full time and could never make enough money to support my family without goverment aid health care food cost are you kidding me?Money means nothing to me my children are my investments meaningful relationships are investments.Money is debt based slavery the very thing the revolutionary war was too end.Think you can own a home?Ever heard of property tax?

[Anothercoilgun]

Jay Carter thanks way to much like me its scary :)

[Anothercoilgun]

Thats why most companies in US basically force employees into 401K without any notion of an alternative.

[Anothercoilgun]

Its 2012 and every word still holds true in this upload.

[Anothercoilgun]

Any one who can fog a mirror.

[moistfaucet]

American live for debt.

[ZukefliJohan]

People in USA borrowing more than they can afford, borrowing 105% of the value of the home so they can buy a car etc,,,,dumbasses.

[KamikazeKoscki]

loss of jobs, 50 million on food stamps and only dead end jobs to replace good income jobs, the over building of homes, and if they crash the dollar....

[jvolstad]

What happened to your podcast?

[luckyisme10]

At 4:40.

I traded 1800 Silver Eagles for an $80,000 home in Vegas in 2010. In 1940 a home costed 3900 Silver dollars by 1950 it was double that. In 1980, you could get a home for 1600 Silver oz under Reagan. Under JFK, the average home costed 12,500 Silver Dollars.

I say do what you need to do... Get out of Real Estate if you can't afford it.