0
#realestatemarket #interestrates #YahooFinance #GrantCardone
The number of homes for sale hit an all-time low, according to Realtor.com’s December housing report. Entrepreneur and Author Grant Cardone joins Yahoo Finance Live to discuss his thoughts on the outlook for housing in 2021.
For 2020 election results please visit:
Election results: https://www.yahoo.com/elections
Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb
About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
About Yahoo Finance Premium: With a subscription to Yahoo Finance Premium, get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
To learn more about Yahoo Finance Premium please visit: https://yhoo.it/33jXYBp
Connect with Yahoo Finance:
Get the latest news: https://yhoo.it/2fGu5Bb
Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq
Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP
Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz
Follow Cashay.com
Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV
what does this guy know? ponzi schemes and stupid courses is what he does and yeah obviously a copycat, 1% returns LOL
👌 Ability is what you’re capable of doing. Motivation determines what you do. Attitude determines how well you do it. Keep that @evenkingsfall (His insta name) THINK BIG approach to life! Don’t stop the hard work 🔥
Kevin, please react to this video!
If you own crypto get to me directly for guidance.
W. H. A. T. S. A. P. P
+. 1. 2. 0. 1. 2. 9. 2. 5. 5. 1. 5.
😅😅😅 what middle class? We now have either rich (employed) or poor. If you have maintained so far. You are rich. The working poor are homeless hungry or about to be.
lol what?
Employed is not rich. Employed is maintained. Rich collect ROI, employees are the ROI
He’s right about the wealthy snapping up the real estate and many people being further priced out of the market. He is wrong and way off on his numbers on the California market though. He is not a West Coast guy though and more knowledge/expertise in other areas of the county.
Uncle g
Why is this scammer on here shameless
Real estate broker are the one that’s driving the prices.
Alot of the house has alot of hidden information about the house quality of the property
Where are these wages/income coming from, that support these really high real estate prices over a 30 year mortgage?
Overseas investors
Plenty of people in the US still have good, high paying jobs.
Rich people and firms buying wholesale. Retail buyers coming in the market and low inventory. Simple supply and demand situation going on.
Ask around in tour area. In my area, the biggest sources are university and healthcare jobs, with corporate and tech next in line, followed by trades, which also do well. Not to mention the government jobs.
Thanks to you all for your testimonies, it has helped me greatly I thought she was not real but I will now boldly testify …her strategies is awesome
Nothing much
So how can I Dm her
Because I can’t wait to earn huge profit from her platform
Okay you can message her via her official watsap
Tell her I referred you
Why is the crypto guy here and wanting people to Whatsapp him
LOL that is a fake Grant channel trying to get some of Grant’s suscribers to buy into bitcoin. I always report them.
Going to be a very hard time the average working Americans.
They wanted Biden they got Biden…….
😂
Wages go down expense go up.
@sam chump no one wanted that corpse.
@Bill Bill do you know anyone who is excited about Bidet taking Over..
@sam chump nope. Race communism isn’t exciting.
If the powers that be really cared, the first home for a family should be tax free, with heavy taxes on subsequent homes.
Exactly, little to know taxes on primary home then heavy, heavy taxes on any second, third, etc home. The answer is so simple! Also any car over 22 or 23k should be taxed very heavy. You have to start taxing luxuries, the rich can still have them but basic needs for people come first!
“You will own nothing”
Already there…
“And be happy”
@J M not there yet =P
The less you have the less you have to worry about
Glorious revolutionary humanist socialism. Great Helmsman Chairman Bei Jing Biden will lead us to Strong Red Victory over counter revolutionary capitalism. Support The Party!
Botox botox botox!!!!
Cash is trash? Talk to me during a recession. Can’t buy a dip without cash moron.
The wealth has left the country with the jobs. Foreigners have the wealth now, and come here and buy homes. then use the infrastructure our tax dollars paid for.
This guy might be a little shady from time to time but He’s right on the money on this one !! Especially here in the NYC / Upstate and sorrounding states like jersey and connecticut!!!
I’m seeing it first hand 👁️👁️ they know a depression is coming within the next months or winter time of 2021…
Biden for the Win….. 😂. Do people even realize what they voted for.
Guys with lots of cash are buying assets right now like gold real state and available lots of land !! This is kinda scary to see
Its out of control
Those of us who saved and saved since 2008 crash.
Chinese buyers.
Grant you only survived 2020 because you received part of the PPP package. You spoke the truth in this one middle class will be priced out of homes permanently
He is on point with this one.
Successful people don’t become that way overnight, what most people see at a glances of wealth is the result of hardworking and hustle over time
Fear is a dengerous components, hindering us from taking bold steps we need in other to reach goals
Yeah your right, I personally spend more than six month doubting Mrs Annabella Ryan investment platform.
How do you know local governments won’t raise property tax to equal the monthly rent. What is the point of owning property then? Some states have laws to keep the tax low but laws can change.
Guest quality has suffered I see
He’s a billionaire.
MAKES NO SENSE. I thought it was cheaper to own than to rent. If the poor and middle class cant even afford to own right now, what makes them think they could afford to rent?
Sure, shelter is needed but now a days shelter for many has transformed itself from a residential building into a car, tent, tarp, box or simply nothing at all as they roam hopelessly down the streets of many broken dreams.
Yes I agree with you. Terrible situation. I guess this guy loves people being homeless but nothing is more dangerous than people with nothing left to lose. This movie does not have a happy ending. Maybe it’s actually better for the people to let the government confiscate all the real estate away from his grim smile.
No. When you rent you don’t have to worry about property taxes, maintenance, home owner’s insurance, or repairs. You just call the land lord or property manager. Owning a home is more expensive.
Smart money doesn’t tell you where they’re putting their money, they tell you where they want you to put your money.
Exactly!!
Só with inflation around the corner, what’s the better option? Stocks ? Commodities? I’m genuinely curious but even investment bankers I’ve asked couldn’t advise me on how to hedge it ?
What is the percentage chance of alternative housing such as tiny homes, portable houses and trailers to be allowed an easier access to a permit and thus change the housing market pricing?
FACTS!!
This comment aged like fine wine and I don’t even know what fine wine tastes like.
I’m out of cash give me yours
Wow this is my new jet in my garage tail Lopez tomorrow. Scientology to the moon.
😂😂😂 I’m telling you… in every media decision, what they say, who they BRING on… Has click rate and viewer traffic in mind smh
REITs should do well, interest rates low means more people likely to try and take out mortgages to buy homes if they can. Demand is high, supply is low, so prices are high, but if house building picks up, demand stays high, supply grows, prices can drop back to reasonable range. One item to take into consideration is there are a lot of people being negatively affected by covid, and estate sales could occur. Additional as mentioned is that eventually rates will rise, and what’s maybe less understood is that when interest rates rise, it usually BENEFITS REITs rather than hurts them, and that’s because when rates rise it usually coincides with more optimistic economic outlooks. That said, make sure if you’re investing you’re doing due diligence, and diversifying properly. REIT ETFs are a decent way to play, ones that are in Mortgage, Equity and Hybrid REITs have more broad exposure to the REIT asset class, and if you want additional diversification, going with ETFs that have US and Global exposure limits your geographic risk. Lastly, make sure the ETF has good fundamentals, PE, PB, AFFO, etc. For my money, I’m going with SRET. REM is a good secondary option, but is heavy NLY and is limited to US exposure. SRET has great fundamentals, exposures, and weighting among its us and global constituents, pays a monthly dividend, that currently is 7.5%, but is off it’s pre-pandemic levels that if factoring in current asset prices would be near 14%. Given SRET is reconstituting end of January, and its indexing methodology is to select the top 30 dividend payers globally in the REIT space, we could see a return to those yield levels sooner rather than later.
Middle class already priced out.
Don’t be middle class be wealthy. Being normal is being STUPID with money.
At this point there is no middle class anymore….
Keep going man I support you man❤👍
How he shows off his richard mille watch
Grant Cardone’s comment saying you need 20% for a down-payment is incorrect. i just purchased in December a $550k 4-Plex at 2.25% interest rate with an FHA 3.5% down-payment loan in Arizona.
to buy a single family house to a 4-Plex there are loan programs from 0% to 5% down-payment along with down payment assistance and first time home buyer programs.
What’s the cap rate on your 4-plex?
First time home buyers only
@tony dark I’m a value-add investor and i don’t buy properties strictly based off of a cap rate because I necessarily don’t care what the properties past or current performances is/was because I look at the potential of what I can operate it at and if I can improve the income. 1- 4 units are primarily valued based off of comparable sales. whereas 5 + apartment buildings you take the NOI ( net operating income) and divide it by the market cap rate that properties are trading at and that will give you your new value. I have a 6 unit apartment building that I’m currently repositioning and taking the monthly average rent from $447 to $900 per unit after renovations. when I go to do my Cash out refinance I will be doubling the value of this building $900 x6 =$5,400 x 12-months =$64,800yr gross minius 20k in expenses = $44,800 in NOI. now divide that by the market cap rate that properties are trading at. I’m going to use a 6% capitalization rate to be conservative even though other properties are trading below a 6 cap. $44,800 ÷ 0.06% =$746,666 in value. I bought this six unit and one acre piece of land zoned for $385,000
That’s the point. So more people can participate in the market.@RealJoel
Can’t wait to be homeless!
Great news!
Not sure if I prefer this over the governments confiscating all the real estate to be honest.
IMRa easy squeeze
🍋
Gonna double
What middle class ?
Grants been telling people homes are.a bad investment for the last 10 years. Our value has doubled over the last 5.
Investment means you are generating a return on an asset such as rent on a house. Buying a home in order to front-run rising real estate values and falling interest rates means your are a SPECULATOR.There is no productive capacity to owning a home and living in it!
@ballatician10 yup ur 100 percent right. If it cashflows now, or has a high probability to cashflow 8n the future and its in a good growing location thats a great investment. Same with a company and its stock.
Exactly and you’re going to hold onto it for more than likely a time frame of 20-30 years . Wow 50% of your life to scalp a few hundred thousand at the very most in profit if you’re lucky , such a great investment right? PLZ keep doing that I want you stuck in a dumb house when I’m ready to buy. 🤣🤣
Always do the opposite
He means ones personal home is a liability not an asset. His real estate holdings are over a billion dollars. He is pro real estate investing. In this video is talking about the access to purchasing power; which will begin to tighten for our safety and security. But I think people will still get their $600 checks 🙂
I would NEVER purchase a viewed home on-line. Don’t do it people.
Why not? If the technology allows you ?
If you have a trusted agent on the ground ?
Not disagreeing, just curious why you think this
My Manhattan brownstone has been on the market for a year with little interest but this week 7 people came to see it. This is a turnaround
In the market of buying my first home…. WILL NOT be buying in this market…. Waaaaay over priced! I’d rather get a huge deal on the home price and pay a slightly higher interest on the loan than to pay premium dollar on an overpriced home with a really low interest
The guy is a star. He’s got fish
fake!
I don’t believe in a no win scenario, if the price of a home costs more the construction go into development of real estate
This doesn’t make any sense. Rich aren’t going to buy all these homes. Starter homes are still out there and middle class can definitely afford those unless I am missing how he defines “middle class.” And Cardone said a few months ago, as he was firing people and worrying about his own “assets” cuz people weren’t paying their rent, something carodone says never happens. Then he said it was time to stock up on cash.😂
Great, inviting a known scam artist to talk about a critical topic. What a joke.
This guy is a fraud why interview this clown
Grant Cardone is spot on about wealthy buying up 2nd and 3rd homes. I am buying up nice new construction in southeast and about to buy another new construction. I am just sitting on them and rent back to my businesses LOL….. work from home dawg….
What happens when deflation sets in? Because if the cut the government water taps, that’s what’s coming.
The people calling Cardone a scammer are the same broke people playing the lottery due to their stupidity.
Aren’t you that dude on IG who paid for all their followers and still has garbage reach?
Grant is a frustrated man who doesn’t have charity in his heart so he’ll always be poor.
I recommend you stop trying to emulate him, you’ll look back with regret on a life wasted.
@Philip Emanuele duh go read a book. You are definitely broke.
LA has been a move in, price increase, buyers go to suburb’s even 90 miles outside for affordable housing. Prices fall, people sell and buy. Happened for decades. However due to left allow crime policy, many leaving city.
is this girl blind? People from NY moving to California? hahhahah She might be leaving in mars.
People are moving from New York and going down south with cheaper they’re not moving to California
We better not have a Meltin breakdown on housing, his funds back by real estate would be more to the market lower and if people want it out he won’t be able to sell that property at the same price, he better hope there’s not a run on his real estate funds
Grant is the king of projecting… Tiny homes are not going anywhere boo.
Thanks boomers.
Grant Cardone Modern Wolf of Real Estate!!!!
Governor Newsome will tax rich people big on their vacation homes watch.
Is now a good time to buy or wait until a potential recession?
If covid didn’t cause an unwind only the fed losing control will. Literally the only thing to watch at this point is interest rates. Like grant said cash is trash at these interest rate level and he’s right. Big money will not hold cash or buy bonds at these rates. An uncontrollable rise in interest rates which would save our dollar and prompt investors to hide in cash or bonds is the only thing that will crash real estate and stocks. My opinion
I’d buy. Cash is trash and interest rates are low and will stay low.
wahab preffers chad wild clay
Not according to my home price. And I just got in!
You only make money when you sell! Meanwhile people with actual investments are running circles around you. A house is not an investment. It’s simply a product for the banks
@SourMelonGaming Duh! What are you like 12 years old? I also only make money when I sell my stocks. Based on your same premise, using margin to buy stocks isn’t investing. Go read a book! What is Grant doing by the way? Is he putting all cash in to purchase multifamily units??? Guess he isn’t investing either, according to your “logic”.
@Miguel he’s get cashflow every month from those apartments. Your house pays you zero every month, in fact you pay it. Don’t throw that crap at me. A house is cool and all to have but financially isnt’t the place you should be putting your money
@SourMelonGaming I”m not throwing crap at you. You are the one saying using leverage to purchase an appreciating asset isn’t an investment. Purchasing a large cap growth stock with margin is essentially the same thing. Investing in income producing properties is just another form of investment. Unless you have the ability to buy income producing assets with cash, then most are using leverage. Even people who have the cash don’t pay with cash when interest rates are low. Check your ego bud!
Read this, learn something. Houses are cool and all dont get me wrong. But purchasing them to own is an old idea in this ecomony. You are either renting space or you’re renting money. So get out of the whole rent vs own mindset. Not trying to be mean but there’s a reason this last year we are at the lowest point in 40 years of home “ownership”.
GC! ultimate badass!
I can’t wait till the Feds throw Grant in prison. 10x years
Hater!
🙏🏾 thank you
When anyone keep saying I think !
Don’t believe them
He takes advantage of middle class
You are asking Cardone? Lol
This guy wreaks misinformation, he does this on purpose to push people into the rental market. He makes his money from rental properties and it benefits him to voice scare tactics.
Home affordability is at an all time low, and there is a migration out of California and New York. Only misinformation is your comment.
Your comment is misinformation. This guy is right👍
You are clueless lol 😂
5 percent loans though navy fed
“Average house price 295,000.” ” LA average house price, probably 500,00″ Wow I wish the average house price in LA were 500,00. That might be the average price after a crash here in this hopeless hole we call LA.
One of my Teachers from high school made a good analogy about statistics and how averages can lie in one of my math classes:
Imagine you are trying to measure how well cooked a burger is from a sample size of 100. I burn 50 of the burgers to a Crisp, and I leave the other burgers totally raw. If we take an average of our 100 burgers, then on average my sample size is cooked medium well.
The same rules apply to housing. The reason housing prices are an “average” of $500,000 in LA while everywhere you look they seem to be far more expensive than that is because there’s a bunch of tiny old garbage houses in undesirable areas of LA for $200K (that you never see) offsetting the million dollar houses.
The fix for these anomalies is standard deviation, which tells you the average difference between samples from the mean. Sadly, I don’t know of any real estate agencies that report those more advanced metrics. But if they did, it would tell consumers (who even know what that is) far more than a single number ever could.
Median home price $310k. Median income $34k. Unemployment near a million week over week. Ill bet against real estate or the dollar.
Lol so they cannot buy a home but can they still invest in the scam that is Cardone Capital? I heard he was going to make it a 1 Billion dollar business with 10x returns
Smells Fishy lol
This guy is a confidence man (conman). Be carful with anything he is pushing
Phoenix Arizona is great market!!! .7 months of supply
I bought a house and I’m middle class
Dude is an active fraud… Look him up and do some actual research mates
He charges people massive fees for “teaching services”
Hey grant are you still got fish?
I’m a mortgage broker, I can confidently tell you down payments are not 20% down. I am offering clients 3% down conventional, and 3.5% for FHA
Do you offer 3% down in California?
Scam alert 🚨
I didn’t know yahoo was still a company.
Wow
HE WAS JUST SAYING NOT TO BUY HOUSES BECAUSE YOU WLL LOSE MONEY.
NOW HE IS SAYING PEOPLE CANT BUY BECAUSE THEY ARE TOO EXPENSIVE 🤣🤣🤣…
SO THISE PEOPLE 4-5 YRS AGO COULD HAVE BOUGHT AND HAD 30-40% EQUITY RIGHT NOW
“CA MON MANNN”
Dude is full of it.
Tell me why there is no limit on how many residential houses you can buy…
GRANT CARDONE WHO IS HE ?? OMG LOOKS HOMELESS IM BETTER LOOKING THAN HIM AND TALLER AND IM POOR
That is one smart man.
In highly desirable areas..like it’s always been. The middle class can’t afford Beverly Hills, Brentwood, Upper East/West Side, Montauk, Rye, Greenwich, Miami Beach or Flagstaff. However they can afford Trenton, Nassua County, The Bronx, Springfield, Mass, Hartford, Tempe, Pompano Beach, Waterloo, San Antonio etc..
what guest is next? Tai Lopez?
“I got fish!”
You really don’t need 20% down and they still sell PMI. Comercial real estate is in trouble especially Airbnb owners with little travel, as evidenced by the car rental places going belly up. Being a land lord in a good economy with low and stable unemployment is desirable. We don’t have that, every other month COVID is shutting business down not good for rental markets.
Why anyone would take Grant Cardone seriously is beyond reason.
Great discussion!
As a millennial I’ve given up, the government has utterly distorted markets and artificially propped up the economy to the benefit of the already wealthy and has created this divide. The system is broken, middle class is hallowed out and the great reset is coming. Let it all burn!!!
Don’t buy now. I saw the exact same thing in 1986 and 2005. People who bought those years were screwed.
Ultimately it will force people to migrate to less populated, less expensive states.
Don’t purchase a home on-line. Come on people.
That was pretty damn good
It will be interesting when someone is able to buy a house with 1 bitcoin. When that happens, that will be news…
I don’t understand why folks are so concerned about when to buy a house, like they are house dealers and don’t own anything. I don’t see how anyone with a job can justify throwing away money on rent. Especially when on average it’s more than 25% of their income.
I like this vid. Good insight
He’s spitting out facts that aren’t true
As usual, the BS is deep. You can still get a 5% down conventional, 3.5% down FHA, and $0 VA. By the way, VA just removed their lending cap recently.
Scientologist are all evil
retirement in america is a myth