Comments by "Jeffrey Deuitch" (@jeffreydeuitch2146) on "I Allegedly" channel.

  1. Wait until the rent bubble pops. As jobs slow, obtainable Air B&B types will have lower pricing power which will certainly drop long term conventional lease rates. Will result in negative cast flow at prevailing prices and hence lead to lower sales prices. In late boom, negative cash flow was the norm but was acceptable due to value appreciation, in that respect it is "different this time" and may lead to accelerated downturn in next few years. Regardless of interest rates, many will bail when prices will fall. My guess is that current increase in inventory is result of fear of dropping value and getting out ahead of the curve. For those not old enough to remember 07 and a bit later, imagine looking down the average side street, one after another, and seeing about every third house with a for sale sign. A massive display for marketing litter on nearly every street. I saw pools in empty homes which had hundreds of frogs around the patios and thousands of tadpoles swimming in the pools. In The Big Short there was the scene where an alligator was in the pool and tons of mail laid out on the kitchen counter. Never saw a pool gator but saw the mail on floor and many large personal items such as furniture left behind that did not fit on the truck when the owners had to leave. Also in the closing sequences of that movie, there is a quick image of one of those streets with all the for sale signs. That is not fiction. For all those in doubt and still interested in real estate, consider how your circumstance would be affected if those images are again seen in reality. Have been there before and it is sureal.
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  2. Big Lots in our area has become a full price retailer. Very few decent deals anymore. Food prices as high as typical grocery prices. Christmas stuff is sticker shock. Dont really see purpose in them anymore. Perhaps overstock and closeouts are not available to them any longer.
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  3. Will go electric once charging stations are on every exit when traveling, prices come way down, and charging times at service stations are comparable to gasing up and when battery replacement costs are 2 to 3 K, not 15 to 20k like it is now. Things to think about if you are considering. Forget chasing a ,novelty. Just my opinion of course.
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  4. Imagine what will happen if real estate/construction gets destroyed and/if unemployment really increases. The only silver lining is that demand for many things will cease and prices will reset. My local office supply place is a ghost town inside.
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  5. I am too. Seeing lot lot of mid construction progress but not too many new lot clearings or foundation level stages. Demand for my services has dropped notably in last 2 weeks. Too early to draw conclusions but am noticing a change.
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  6. The slope is changing now. However since most contracts being signed to day will not show up on records for 30 to 45 days. Case Schiller is delayed another 30 or 60 days (they only publish once per month) after that to report on their housing trend analysis. Once any downtun is reported, it is actually well under way. Active listings and pending sales, provided they are listed on MLS, can be updated more quickly. Most new construction in our area is not listed on MLS. Resales generally are.
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  7. Big recessions have a way of hitting the "reset" button. It brings things back into homeostasis. Will probably get here sooner than later. Then things become affordable again. Painful, but occurs when stretching the system breaks it. Has happened before and will again. Pendulum swings one way then back. I am preparing now. Saw those who benefitted in the last go around.
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  8. Did a little research on the electric cars. Check out the cost for replacing the batteries when they go bad. Hopefully this will come down, but the ones I saw were WTF moments. Check it out for yourselves.
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  9. I actually did see multimillion dollar properties go way way down during the last go around. Properties in all classes get sent back to the banks when the dam breaks. Maybe not in the quantity as lower priced home but also not that rare. If the big one happens, the equity totals that can be lost would be staggering to say the least.
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  10. Not sure I would be buying gold in a dollar strengthening environment. I own 20 or so gold majors and mid tiers. Prices are relatively low. Check the premiums on gold and silver coins, bars and rounds. Apmex was off the chart on silver eagle's. Until that comes down its shares in PM trusts or beaten up junior miners. They are good values You get the gain and avoid the premiums and miners tend to be leveraged to the metal price.
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  11. Hey Dan. You are probably referring to the Freddie Mac desktop appraisal. Has not gained wide acceptance amongst appraisers. Despite the third party inspections, the appraiser is responsible for accuracy. Also, strangely, it requires a sketch and floor plan with interior walls depicted in this sketch. It is limited to 1st position, sales with no more than 90% LTV. I have no clue to why appraisers would take these on. As for inflating appraisals, that is a good way to lose one's license. Not as wide spread as you assume.
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  12. Totally disturbing.
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  13. Cars with mandatory subscriptions? I'll pass.
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  14. The big winner in food stores is Aldi. My new home and on many items to quality is excellent on their brands. Takes a little selectivity but certainly doable.
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  15. Yes, but survival will be the new success soon.
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  16. Non sure if EVs will maintain sales in the event that recession will become widely felt. Also if China clamps down on rare earth metal exports the neo/praseodynium magnet availability will shrink dramatically. These are used for electric motors. The grid is not ready as well.
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