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NetWorth
Reventure Consulting
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Comments by "NetWorth" (@networth00) on "Reventure Consulting" channel.
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@michaelmiddleton3311 They do if they are tired of spending more than half their salary on rent and having a homeless guy take a crap on their front lawn.
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We saw people overpaying so bad in 2022/2023. I thought they were crazy.
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@timtaylor9339 Exactly. They should have bought the house.
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How much money is good to have in CASH right now? I heard a few friends talking about how they "can't wait till the big housing crash" so they can buy up a bunch of homes. I asked and they had like $20k in the bank LOL.
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Your landlord is the unlucky one. The person getting screwed over by you and the city.
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It's hard for RE agents to freak out when everything is still selling for over asking price.
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Denver is horrible, Atlanta is worse. What makes you think they'll be on the "best" list?
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@johno2277 What's the billionaire's name? There are only so many in the world.
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How much cash do you have saved up for this crash? Most people spend all their savings.
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I've seen them also in south Florida.
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@jesse_- I think you're wrong. These major companies buying homes for cash, what are they doing with them? They are RENTING THEM OUT to would-be buyers. Those people are no longer looking to buy homes = less competition. Prices will drop in 2022.
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Did you have to pay taxes on the profits?
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I read your post, it was great. In your situation you have to move a lot. But I feel like other millennials should have bought a house 5 years ago for half price. Why does everyone blame "boomers" and older people from the mess we supposedly made? We just lived our lives and some of us bought a house. My parents are boomers and we grew up dirt poor, wore hand me down clothes, and drove junky cars. Almost no one middle class had a new car, if they did it was the cheapes new car you could buy... power windows, doorlocks, and steering meant the car was "loaded". I don't get the hate from millennials for older people. Do you not like your parents or grandparents, many of whom are very poor. Everyone's house skyrocketed last year but why blame the homeowners? We can't even move because of this mess.
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@agrota21 Visit Knoxville TN or Chattanooga TN and you'll fall in love. Nashville is too expensive. Memphis is junk.
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Homes in Ft Lauderdale have doubled or tripled in price since 2020. They will need to drop A LOT to get back to "regular" prices. I'm so damn sick of these home prices... and people just buy homes and raise the price immediately trying to make a huge profit.
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@reseller7 There's so much cheap land in Malibu. Stop voting blue.
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West Coast, Vegas and South Florida were hit real hard.
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@soundsbyeye Because to buy RE in hard times it takes lots of cash. Banks get VERY stingy with their money. I could only buy 2 homes in 2012 and had to pay cash.
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Out of town buyers drive prices up.
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@samuelglover7685 It's going to be underwater yet Obama, Bill Gates, and Zuckerburg all bought ocean front properties recently. Stop believing the lying overlords.
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Don't thnk about the fact that you're over paying... but you think you're getting a good deal since the int rate is 2.75%. When you go to sell in 5-7 years you will be completely underwater. YES, PRICE MATTERS when you go to sell. Hardly anybody stays in their house for the full 30 years.
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I'll bet he's talking about renters.
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Buyers will say they can't afford these high prices. The Great Resignation has started.
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@gregcarlson8438 The bubble bursting and people like you who keep saying "it's different this time"... same thing they said every time.
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Everybody has all this cash somehow.
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Everyone says that about their city. I live in Memphis and don't see crime everyday. But read the stats, it's there.
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This stuff takes time. Do you think real estate all just goes down 30% in a month or year? We didn't realize how bad 2007-08 was until a couple years later.
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@Gmac_Greg_M Mine too. I'm so tired of it.
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@bobroberts2217 People keep buying them.
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Cody Bahr In 2013 and 2014 I was getting places for pennies on the dollar, yet you say it stopped in 2011 LOL. What did you buy during this period?
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@michaelwarren3626 People commenting like you have about $200 in the bank and talk about investing. I've seen it over and over.
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No one can time the market. Get out while you can. Home won't be going up much, if any, in the next 6 months.
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When you get a house under contract the mortgage is locked in.
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That's not how it works. How old are you?
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In California nobody is selling due to Covid. That's all about to change.
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My rate 9 months ago was 2.5%, now my quote is 3.8%, that's a huge jump in less than a year... plus they're just getting started.
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Reasonable rates are more like 7-8%.
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@Big Donkey You won't have to wait that long. This bubble will pop long before then.
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@jesse_- The monthly interest you pay on that 6% loan is more than double for the ENTIRE 30 years worth of payments.
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It's bc the sellers sold too cheap to begin with. What are the comps?
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2010 was bottom of the market.
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Those cash buyers will refi bc of cheap rates.
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Liberal cities are loaded with bullshit.
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@Sweetbutpsyko Why didn't you buy a house 5 years ago when they were half price? So you think ALL boomers caused inflation and they all own investments?
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@J P Most people I know are broke. But if you wanted a house it takes hard work and saving up a little money. Getting ahead in life takes work. You guys think everything should just be handed to you.
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@Sweetbutpsyko The cost of living is just now out of balance since Corona. You guys have been screaming that for 10 years. You could have bought a house 5 years ago for half price. You don't think it's out of balance now for everyone? I'm prob your parents age and I'm trying to buy a house also with a low salary. You think you guys are the only ones mad?
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Nobody stays in their home for 30 years anymore. People die, get divorced, upsize, downsize, get new jobs, etc. They'll be moving.
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How would we do that? Get the vax, wear a mask? None of that has worked yet. With Omicron being so weak it will be gone soon.
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Go talk to the single mom working at fast food and see how the quality of living is in blue states.
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@difigfs Maybe you need an education if you say "should of" instead of should HAVE or SHOULD'VE. I learned that in about the 3rd grade.
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