Drewbie Wilson

Husband, Father, Meme Lord 👊
Consultant, Author, Podcast Pro 💰
Committed To Crushing Days & Changing Lives!
CALL THE DAMN LEADS®️
#WeAreApex

[Ryan Stewman 🇺🇸 @ryanstewman]

Ok many of you know I personally have 8 figures in real estate holdings and close to 9 figures if you do internet math and count the syndications Im a part of...

I've been in the RE game FULL TIME since 2004.

I started off as a loan officer, became a mortgage banker as well as a prolific real estate investor.

By the time I was 26 I owned and managed 32 properties in DFW. I only sold them because the Feds got me caught up in a gun case and I had to go to prison.

I've closed well into 9 figures of mortgages and real estate deals in my days. So what Im about to tell you is from personal experience, it's speculation, but not speculation from a rookie.

What the future of residential real estate holds:

In the real estate business, there are two mammoth powerhouses who have access and control over the most data.

Those two companies are Zillow and Core Logic.

When Zillow or Core Logic puts out a report, I read them and know they are from a place of massive data and information.

According to Zillow, the United States housing market will seen an overall average increase of 6.8% through 2024.

What does that mean?

That means the price of houses are expected to rise, not decline any time soon.

Most people who own homes either refinanced or bought in the 2020-2021 time frame. The interest rates on homeowners from those years are low and even if they sold the home they own, it would now cost more for less of a home due to higher interest rates (200%)

This means less homes for sale. Period. You'd have to burn my house down for me to leave a 2.8% interest rate. I pay less for my mcmansion each month than people rent apartments for around here.

So housing is expected to increase 6.8% across the board, but that is a foolish statement. Let's break it down a little.

6.8% is an average across America. That may mean Dayton Ohio goes up 4% while Frisco Texas goes up 14%.

If you're in a busy area, 6.8% is the minimum increase.

I say all of that to say this: The cost of owning a home is only getting higher.

On the other hand, my man JPow just said he will continue to raise interest rates to "tame inflation"

Let me explain in simple terms how the Fed works.

The Fed loans money to the US government with an interest rate. The US Government collects taxes and pays the Fed back out of taxes with interest. The higher the cost of things, the bigger the tax. Taming inflation is a fancy way of saying "taking our money back and out of circulation"

The Fed also lends money to banks on the overnight interest program. So if the bank needs cash from the Fed, they pay a short term rate and pay it back. This also takes money out of circulation and back to the Fed.

It's slightly more complicated than that, but that's the gist in layman's terms.

If JPow is gonna raise rates, and Zillow says housing will go up 6.8%, that means only one thing.

Right now is THE time to buy what you can buy in real estate. It's not getting cheaper and waiting only cost you more money in the future, with inflation, what you qualify for today, you won't be able to buy next year.

The BEST time to buy a home was in 2021, that will not happen again, which means the second best time to buy a home is right now.

The facts are the facts folks, it's a good investment and only going up.

Rise Above 🇺🇸
#RealEstate @Zillow #Mortgages #Finance

[Drewbie Wilson @DrewbieWilson]

@ryanstewman There is a reason the smartest people in the world study history… to see how patterns repeat themselves. Great info here @ryanstewman