Brad Simpson

Multi-Family Real Estate Licensed accredited investor in Greater Los Angeles. Stock market enthusiast

[Brad Simpson @BradSimpsonla]

@markcecchini Equity!

[Brad Simpson @BradSimpsonla]

@theFORTpodcast The irony is the demand has remained strong through most of this cyclical downturn. It's more about the wide gap (disparity) between the bid and the ask. aka. buyers live lower and sellers live higher! especially in the better areas

[Brad Simpson @BradSimpsonla]

@Rebrand_As_Y Lots of sellers "testing the market". Everybody selling a sub 4% mortgage becomes a buyer at 7% and will take a aspirational price for them to move

[Brad Simpson @BradSimpsonla]

@ramit It's all about creating good habits that we can stick to. Applies to finance, health, and relationships with ourselves and others. Sadly instant gratification is how most people go through life when compounding positive effort is the way to true happiness

[Brad Simpson @BradSimpsonla]

@NewsLambert Not enough forecasters factoring in the years when rates were low many people took advantage by purchasing upsized new or newer construction homes and locked in low rates. Tougher to outgrow an upsized home as long as you can still afford the debt service.

[Brad Simpson @BradSimpsonla]

@RedDogT3 Glad to hear the recovery is going well!

[Brad Simpson @BradSimpsonla]

@JonesOnTheNBA Jokic!

[Brad Simpson @BradSimpsonla]

@Theholisticpsyc Emotional intelligence and self awareness are a starting place. The ability to deal with pressure and not need medication to get through to tough times. Find natural ways to decompress and heal

[Brad Simpson @BradSimpsonla]

@CNBCFastMoney Please invite Rebecca Patterson on the show more often. High IQ value add.

[Brad Simpson @BradSimpsonla]

@JulieChangRE It’s less about house size but more about functionality and layout, which need to be re configured. Its expensive and unpredictable to renovate a 25 + year old large home vs. financing a new build purchase

[Brad Simpson @BradSimpsonla]

@rohindhar Canada residential market has a flurry of adjustable rate mortgages that are due to reset and will alter supply faster

[Brad Simpson @BradSimpsonla]

@realEstateTrent Didn't hear much complaining from anyone in 2020 and 2021 when rates were low and sales were abundant. Lot of growth was pulled forward during that time and now we are dealing with the aftermath. If only prices adjusted lower this would be totally normal yet prices keep going up

[Brad Simpson @BradSimpsonla]

@trevorlane What is their record against the top 5 teams in the west? They haven’t shown much grit against the top teams

[Brad Simpson @BradSimpsonla]

@realEstateTrent I think it's a smaller amount of homeowners overall that have outgrown their home. Most people I know bought newly remodeled and/or new construction properties and locked in the lower rates a few years ago and as long as they stay employed will happily stay in their home.

[Brad Simpson @BradSimpsonla]

@conorsen And many of the homes purchased a few years ago, when rates were much lower, were recently renovated and/or new construction homes which makes it less likely that they will be "outgrown" and thus less reason to sell anytime soon. this all makes for a distorted gridlock market

[Brad Simpson @BradSimpsonla]

@SteveHarney I think most forecasters are incorrect that lifestyle changes (e.g. death, divorce, diapers) will lead to more listings this year. Will be tougher for sellers to give up fixed lower interest rates especially with strong employment numbers, regardless of their lifestyle changes

[Brad Simpson @BradSimpsonla]

@BobEUnlimited @SteveHarney this thread about income expansion may be the catalyst for moderate increases in housing prices even with the backdrop of higher rates.

[Brad Simpson @BradSimpsonla]

@SteveHarney Hopefully you are right! lots of assumption in these 2 predictions. Both of these points were last years narrative too. Perhaps real estate gridlock (supply / demand imbalance) will be here longer than most expect.

[Brad Simpson @BradSimpsonla]

@BarryRoland19 I think unit mix is an important consideration in this poll. That said class C in a prime location should win here.