Should I buy Real Estate in February 2012?
Uploader Comments (MrAlanKendall)
All Comments (66)
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I find that large houses have a lot of maintenance becuase big families have a lot of wear and tear. Singles/studios/bachelors have a lot of vacancies because the guy in his 20's is unstable in his career. Small houses have low vacancies and low maintenance.
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I usually trade single family residences for dulexes/tri-plexes/four-plexes because you can give one tenant a reduced rent to be a resident manager and it reduces your time running errands for vacanices and repairs. If the unit is in a desirable area, you can keep it but screen the tenant and get someone with a good job. Small houses can rent to professionals that work and use one room for an office and they make good paying tenants.
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I live in Florida and bought a small home in 2009.
Do you suggest I do a refinance and keep this as my rental, then buy my "long term" home before 2015 before rates and prices increase?
What would you do in this situation?
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The Banks are scared and not loaning on Real Estate because the Alt-A and Option Adjustable rate loans are still adjusting up until October 2012 causing short sales which have the most depressing (deflationary) effect on house prices. After 2013 homes will start to move up (I expect about 30% in the next 3-4 years + 1.5% interest rate hike).
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Since the US Government is printing 3.3 billion dollars of cash per day to keep the dollar weak to promote exports, I believe that Gold and silver will quadruple in price by 2020. We learned from the 1970's that the contraction in jobs and real estate held inflation down (less spendable cash) but when the foreclosures finally sold off in 1975, prices shot up dramaticaly. In California, prices jumped 30% per year for 5 years and were quadruple the price by 1980 and 6x by 1983.
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Thanks/
What are your thoughts on Silver and PMs? Are we in a Bull market like the nasdaq was in the 1990s-2000 and when do you think we'll hit the 3rd phase "top"?
Hello, I've watched your video and it seems very compelling. Makes me want to go spend money! I was wondering though, about your credentials. Are you an economist? You seem very knowledgable about timelines and such so I wonder if you do this for business or pleasure???
lisabrown3340 1 week ago
@lisabrown3340
I never had a business class nor an econ class. I took a two night R.E. Class in 2007 and I was apauled it's poor quality. I read around 2000 books on Real Estate, the Stock Market, Warren Buffet and Technical Analysis. See my Youtube video on "CASE SHILLER INDEX grossly flawed" and "How to double your money in Financial Stocks in 2012 and 2013". I was so convinced that Prices would fall that I sold my home in 2007 and bought back Aug 2011. I now pay 1/4 for a larger home.
MrAlanKendall 6 days ago
Do you believe 2010-2020 will be very similar to 1970-1980 in terms of inflation, PMs going up like crazy and high interest rates?
The thing is PMs like Silver have already gone up 900% since 2002, you don't think the usual 15-18 year bull market is near the top in the next 2-5 years?
Jamillion12 1 week ago
@Jamillion12
In 2015 the Bank owned foreclosures will be sold off, so I expect the Banks to inject a lot of cash into home loans which will cause massive inflation between 2016 and 2020. I still expect silver and gold to quadruple in price.
MrAlanKendall 1 week ago