Comments by "Cyrus M" (@cyrusm3391) on "Real Estate Mindset" channel.

  1. I second what Harry Potter said. Invest in the long term, sacrifice now. Cry now, smile later
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  2. Wife's student loan just started. And we are going to start paying it off. Fortunately we are still well within our household budget. There are 3-4 things that we can easily let go to make up lost budget before even thinking of selling our house.
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  3. What does inventory increase mean if the quality of the inventory is shite?
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  4. Can't we all finally agree that the 2008 crash comparison has already been debunked!
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  5. Most new builts here in CA are in hot and not so desired places. Make sure to watch out for mello roos fees
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  6. 1:26 I thought you said there are inventory? Whats with all the "boots on the ground" stuff
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  7. Even Peter said there ISNT going to be a crash like the GFC, but yet yall keep waiting and claiming it will 😢
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  8. The latest data is in! Yoy there is more inventory and higher prices 🤷‍♂️
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  9. Florida is a red state, California is a blue state. Both are the top two worst and unaffordable housing market states to buy in 🤷
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  10. As a former Fed Reserve employee, adjustments are constantly made throughout the year. This isnt new.
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  11. Student loan debts were calculated as part of mortgage pre-approval and underwriting process. This claim severely undermines people's knowledge of their own finances
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  12. I never trust Zillow articles and data at all
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  13. Travis, you saying to not buy a home even if you can afford it is DISASTROUS advise. Add it with your ending line, is a bit patronizing and hypocritical don't you think?
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  14. I read from another source that most new construction are built to rent. I agree with incentivicing builders and not buyers, but only if it's to own...not to rent
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  15.  @realestatemindset  once the prices go down again, those people sitting on the sidelines waiting will have to compete again with one another. Hopefully starting at a more reasonable price but imo the demand will always be high. Millennials is a large group ready to settle down now.
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  16. My sister went bk in 2008 and now she is good credit standing. It's all anecdotal
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  17. The DFA is going be gone by end of the year. The total funding is already going down
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  18.  @realestatemindset  you're right Travis, i should be nicer. But I'm not wrong either, always check your HOA guidelines folks versus getting in trouble and forcing yourselves and others to court disputes.
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  19. Yap just rent for the rest of your life and invest the difference. RE is not an investment anway and overstated for generational wealth, just don't have kids either!
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  20. Do yall feel better after watching this video?
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  21.  @realestatemindset  I think affordability (staying within 20-35% of your mortgage to income ratio) is not inclusive to "overpriced" properties. You should really differientate those two things better, don't you think?
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  22. But the author of this article specialized in music business journalism! How reliable and credible is this source foreal Travis? And its main source from Clever Real Estate, lol why do you keep using them? They're infant to the industry and extremely localized.
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  23. ​ @septem40  because the inventory sucks and the majority of buyers are not flippers
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  24. FOMO = Fear Of Making an Offer
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  25. The system isnt broken, its just called Capitalism
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  26.  @MrRussianGerman  key point: right before Covid
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  27. Gonna be a loooooonnnggg while. The standard of prices is here now and here to stay.
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  28. Personally that isn't bad at all especially with zero debts. You'll still get by while paying your bills but just be cognizant how much it will impact your lifestyle and savings. If you have kids and the only income maker, then it will be much tighter. All doable just depends how simple your life is.
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  29. So Travis are ypu saying don't buy right now (again) or do we still look for wedge?
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  30. 4:28 what drove demands was a generation ready to settle down, not the rates.
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  31. What, wait?! I thought we've been in a recession for the past year lol
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  32. If you were able to afford then, but decided to wait and time the market for the last 2-3 years, yall deserve this circus. Affordability is now your problem, dont wanna see them tears.
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  33. Wait for 2-3 more years
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  34. How's so, wouldn't it be around the same monthly mortgage? Refinancing for a lower rate would be a while, I don't think we will see a 2-3% interest rate again in a very long time. Unless this is your forever home, I understand
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  35. Bruh its been a year since the recession started
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  36.  @Elzon1  It's been 4-5 years since people have been saying this. There is no subprime and ninja lending and significantly SIGNFICANTLY lower ARM lending than 2008. If you're banking on increased layoffs, sorry to tell you, the only ones losing their jobs are mostly current renters.
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  37. Ahhh Travis, NOT ANOTHER Clever resource of data lmao! Pls you are misleading people with uncreddited source of info. I suggest people to look into these sources and you will see, e.g., a couple of them use small of a pool survey they conduct (1000 people only) from a concentrated area. This is not national data
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  38. How can you ask more discounts from the seller when the competition is still high with multiple bids?
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  39. How do these news relate to a housing market crash? Also elderly evictions and squatters arent a new thing and exists whether the market is up or down. We do need solutions for them but they are isolated incidents.
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  40. Thank Obama and Trump!
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  41. ​@@LesHom yap! Before you know it, wages have caught up and these prices still hold
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  42. How can this guy be blaming the government for higher cost of living while begging for it to increase the inflation rate?? Total contradiction
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  43. 🤔 how the hell did you make that calculation?
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  44. We have a genius one here folks!! Lol
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  45. I'm curious what exactly people are waiting for. Is it a higher unemployment due to the current recession? Lower interest rates due to Fed pivot? Is it lower price due to mortgage defaults? What if those things never happen in the next 4-5 years, I'm interested to know what are people's plan B?
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  46. Well off financially but can bankrupt. Just cuz your underwater doesnt mean you have to sell, especially if you're financially well of...hhmm some contradictions here
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  47. I love how everyone is excited for an economic collapse. LFG! 😂
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  48.  @kidwichita  💯
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  49. Travis, i dont think the average minimum wage earned is your typical home owner. Any major layoffs in fast food labor isnt going to dent the RE...maybe the rental sector only
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  50. This is exactly what this channel wants owners to do but yet Travis won't even sell his own rental property. If he really believes in a crash, he should sell his property now for a high price and buy again when the market "finally" crashes
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