Comments by "NetWorth" (@networth00) on "Reventure Consulting" channel.

  1. Rising rates affect buying power. It's absolutely affects RE prices.
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  2.  @investfourmore  My comment has nothing to do with supply. If you don't have buying power then it doesn't matter how many homes are for sale.
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  3. I would rent for a year if I were you.
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  4. Do you want to buy at the top of the market?
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  5.  @rafaelfigueroa7099  People said the same thing in 2008.
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  6.  @rafaelfigueroa7099  Sounds like you've made up your mind. Go buy that house.
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  7. wait
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  8. Supply is low due to Covid. That's all about to end with Omicron.
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  9. Santa Fe might be on there.
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  10.  @elbarodriguez6599  Biden closed Keystone XL pipeline causing gas prices to go up. Biden shut down mining in Pennsylvania. Made a mess of the boarder. He's fucked up lots of things. You need to get educated.
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  11. If you plan on being in the home for 10+ years then go ahead and buy.
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  12. When the stock market goes way down they won't have so much excess savings.
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  13. So you bought for about $90k and freaking out?
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  14. Time to start saving and investing to become upper middle class.
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  15.  @brianmatthews4149  1500 for tax a month or year?
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  16. I've been to every city you named. Hell yes NY, SF, and LA are worse than those three. Have you been to those places? Homes in SF are $1.3M, how much is a home in Jackson and LR? Everything is calculated in. I think you're missing that part.
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  17.  @larynOneka8080  Average home prices vs average income vs crime rate. It's that simple. Not enough bang for your buck. They check VOILENT CRIMES PER CAPITA. Do you know what that means?
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  18.  @larynOneka8080  I take it you don't know what PER CAPITA means. That's when you adjust for population. There is lots of violent crime in all Cali big cities.
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  19.  @larynOneka8080  I read what you wrote incorrectly. I just read an article that said Los Angeles County is the most dangerous in America. The gang activity alone is enough to keep families moving away.
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  20. Where is this home located?
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  21. How much would the dead AC have cost?
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  22. Rule of thumb... if it goes up REAL fast, it was go down REAL fast. It's going to be a bloodbath.
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  23.  @gwyn111  Landlords have large mortgages. If you buy lots of investment properties you do not get a 30 year fixed rate, you get a 3 or 5 year ARM. They will be selling if the rates go up.
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  24. Get real.
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  25. Cali people leaving the mess they created is why PHX is so high.
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  26. Normal increase has always been 3% so it's not going up, but inflation certainly is.
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  27. Rising rates cause RE to fall.
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  28. THANK YOU.
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  29.  @memo3252  When prices fall their equity goes to zero.
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  30.  @efun8334  Yea but when you sell you won't be negative.
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  31. Now the house will have doubled since 2009. She's still mad?
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  32. Government buys up the mortgages. FHA = Federal Housing Administration.
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  33. I just bought a fully loaded 4x4 F150 Lariat last week and it was $60,880.
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  34. Your economy will sink like a stone at the first hint of a minor recession.
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  35. Why didn't you buy 5 years ago when everything was 50% less?
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  36. Get out of Cali unless you're a progressive liberal. They're nuts out there.
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  37. How many people who bought in 06/07 are still in those houses? Not many.
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  38. Yes, interest rates do decrease home prices. You can't predict the exact top, it takes a year or two before we know it. You will be glad you didn't buy a house in Boise come next year.
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  39. 5 years ago would have been half price. It'll drop real big again, you won't have to wait long.
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