Comments by "Josef" (@josefj1776) on "Reventure Consulting" channel.

  1. I am still waiting for that 40% crash for 2014
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  2. When is this so called crash going to start?
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  3. Yes there is a reason most homes are on the market 17 and they are at the highest amount ever.
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  4. I agree with him in it. I see rent as too high to be like it. Also there was far more income verification.
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  5. My post is gone…. But I agree with Dave on this. This is nothing like 2008. It is not worse it is just different.
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  6.  @ypmm53  agreed
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  7. Then get a new job if you lose it. Easy.
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  8. I find these comparison of rent verses owning is not and apples to apples comparison. For example I could rent an apartment for cheaper than my mortgage when I bought but renting the same house was a lot more.
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  9. Right now foreclosures is at 33,000 and most of those are from 2019.
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  10. They don’t know
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  11. Well I am happy I didn’t do this advice back in 2014 when it was to crash 40-50%
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  12. Most walked away because they didn’t have an income. Very few walked away that didn’t have an income issue.
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  13. Inventory needs to go up by over 100% to reach normal levels and go up over 400% to reach 2008 issues with supply. Also time on the market needs to go up by over 900% LOL We have heard about this “Shadow inventory” and it has not come on the market yet.
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  14. The experts said this would cause the housing crash in 2014.
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  15. You sell tires this way mark it up and offer them 10% off.
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  16. I did 0% and was happy with it
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  17. I don’t see that as it costs far more to rent that to pay the mortgage. It is all about income verification being done correctly I believe. I don’t know what huge new bills these owners are not paying. I haven’t seen them.
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  18. Over all I have found the “rent” and “buying” price wrong. No one ever rents or buys the average. Not in all markets but when it is you buy what you rent it is cheaper. Over all if you are ready and want to buy them do so if not wait. Right now there isn’t much signs of inventory increasing. And rent looks like it will level off with some increases. Over all owning is a great way to fix the cost of living and it a great retirement investment.
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  19.  @loreleikomm5802  you pay utilities renting and buying. No tax savings after buying but the cost hasn’t increased much only going from $917 to 958 with increases to taxes and insurance over the last 9 years.
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  20. LOL the 2008 foreclosures did not include renter evictions. More proof this is nothing like 2008.
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  21. You have fun with that depression. I won’t take part in it.
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  22.  @righteousone1  I wasn’t in 2008 I won’t now. This is nothing like 2008 and is a lot easier from what I see.
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  23. LOL this boomer housing crash is what caused the 40% crash in 2014…….. wait it didn’t happen
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  24. You said they were selling them all last year.... How do they have more houses?
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  25. Mortgage Applications are going up
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  26. Well the boomers is what caused the massive housing crash of 2014
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  27. LOL the trucker rally failed
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  28. I see no where that 40% of the S&P500 are zombie companies wheee did you get this?
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  29. They said the same thing in 2014 when over 20 million homes from the boomers were going to be sold and cause the housing crash….. So sounds like 70% of homes are going to be for sale as everyone will need to sell and 100% all banks will cease to exist as they will have no money after all we have been told for the last 20 years inflation has been 20% every year. And don’t forget unemployment for the past 70 years has been at 40%
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  30. Just like the crash of 2012 or the crash of 2014 or the crash of 2018 or the crash of 2020? Will these predictions of a crash ever be right? This is funny. Don’t worry about fear mongers if you are ready to buy a house do it. If I waited for the fear mongers to stop I would not have bought in 2014 and be paying $2,000 a month rent instead of $718 mortgage
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  31. That also isn't a starter home.
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  32. To get a non income verification loan you have to have an extremely high down payment.
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  33. Right now foreclosures is at 33,000 and most of those are from 2019.
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  34. Adjusted for inflation the price per sqft is $6 difference from 1980.
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  35. That is why we did a 0% down it is great
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  36. HF Trust you are correct.
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  37. Still waiting for that crash from 2014. And yes stocks crash and go back to new highs. That is why I don’t care the price of stocks I just keep investing monthly. Buying a home in 2014 even with the calls for a 40% crash was a great choice. It is far cheaper than renting.
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  38. So all VA loans are bad loans? Save the issue is we have the highest loan to good FICO score ever.
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  39. I don’t see this “massive inventory “ 88% homes sell in 30 days!
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  40. Inventory is extremely low 88% of all homes sell in the first 30 days. It doesn’t sound like there is no buyers.
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  41. I see it more as a payment issue. The monthly payment jumped a massive amount and they couldn’t pay for it. We are seeing this with renters right now. Paying for a mortgage is a lot easier than paying that much higher rent cost. My mortgage, tax, and insurance payment is 50% less than renting the same home I bought 7 years ago. I have been hearing this fear preaching for over 8 years now.
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  42.  @krapekk  than you are in one of the very few markets like this I looked at states of Maryland, Texas, Hawaii and Georgia. For my area my mortgage is $960 with taxes and insurance and rent is at $1700 that is a much higher rent compared to mortgages. I have heard some people in this neighborhood are getting a $200 rent increase but I don’t see that in the houses open for rent.
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  43.  @krapekk  rent in the last year has gone up 20-30% and in some areas more
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  44.  @enthused7591  the difference of then and now is the loans that is a massive difference.
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  45.  @enthused7591  the arm’s were an issue so was the massive conventional mortgages that was no documentation. Most people couldn’t afford the massive increases in payments. That is not happening with this market. There is no reason to leave your very low rate house and pay far more for a new one or pay double in rent.
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  46.  @enthused7591  most jobs stay there. Even if you lose it getting a new job is very very easy.
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  47. Sounds like you are looking at homes you should not buy.
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