Expectations are coming back to reality. Real estate was never meant to "print" money like a lot of new investors in the last 3 years thought. Long term investors will benefit.....in the long term. Be patient. Appreciation will resume eventually.
I swear this channel gives more info and the reality of things than I hear from any other CZcamsrs! I appreciate you for sharing and letting people know what real every single time.
As a Native Austinite, I hope that real estate can stabilize. It is currently way OVERPRICED. Austin has always grown too fast, then the market implodes, and people are left with properties they can't sell. Seeing some of these homes that they're asking $2 million for is laughable. They see deep pockets and sell, sell, sell. I no longer live in Austin because it is too expensive.
Loved this video man! Would love to see more interviews like this with more local developers and flippers. Hearing their perspective and current strategies on how they’re navigating the market is super helpful!
It's amazing to see how your videos have come along since you visited me at Precision for some gear, I've been watching your content for a while now and love how your videos have progressed! Well done!
These forecasts won't mean anything if the unemployment numbers ramp up. The economy looks pretty bad from my vantage point. Lots of businesses are in cost cutting mode right now and layoffs haven't been significant. When that starts, cities like Austin, Boise, SLC, Nashville, North Port, Las Vegas are absolutely going to see huge decreases due to the fact that home prices outpace income by almost 10 times.
Can you imagine buying a home in 2017-19 then the market taking off in 2021? That’s what he’s saying. So, what you’re laughing at… you shouldn’t be. You should be looking at how to take advantage of this market.
Lol your guest literally just said you can see another 15 to 20 in suburbs in down risk. This is after the 15 to 20 the market has already dropped. You may want to do the math here bud. 35 to 40 percent drop very likely won't be wrong.
He did. Your math is wrong though. You’re looking at the entire market and he’s breaking down zip codes. 2 separate things. Are those zip codes down? Did they go up? What you’re saying doesn’t actually make since.
@@JeremyAKnight what I’m saying is the guy you made reference to being dramatic in saying 40% drop would be bang on, if the market continues it’s trend in Austin and we see another 20% drop.
@@JeremyAKnight oh the entire housing market is going to see a very nice correction back to reality. 75 percent of the homes I went to look at in Steiner Ranch were empty. At some point in time these investors will want out. It won't be pretty
Expectations are coming back to reality. Real estate was never meant to "print" money like a lot of new investors in the last 3 years thought. Long term investors will benefit.....in the long term. Be patient. Appreciation will resume eventually.
Agree
I swear this channel gives more info and the reality of things than I hear from any other CZcamsrs! I appreciate you for sharing and letting people know what real every single time.
Thanks don’t hesitate to share!
As a Native Austinite, I hope that real estate can stabilize. It is currently way OVERPRICED. Austin has always grown too fast, then the market implodes, and people are left with properties they can't sell. Seeing some of these homes that they're asking $2 million for is laughable. They see deep pockets and sell, sell, sell. I no longer live in Austin because it is too expensive.
If I can just get my 2b1b in north austin under 1600.00...
Loved this video man! Would love to see more interviews like this with more local developers and flippers. Hearing their perspective and current strategies on how they’re navigating the market is super helpful!
Feel free to share! We’ll do more.
It's amazing to see how your videos have come along since you visited me at Precision for some gear, I've been watching your content for a while now and love how your videos have progressed! Well done!
Thanks! Lots of progress.
Spot on! Enjoy the content, Jeremy!
I’ll try to keep it coming! Thanks!
These forecasts won't mean anything if the unemployment numbers ramp up. The economy looks pretty bad from my vantage point. Lots of businesses are in cost cutting mode right now and layoffs haven't been significant. When that starts, cities like Austin, Boise, SLC, Nashville, North Port, Las Vegas are absolutely going to see huge decreases due to the fact that home prices outpace income by almost 10 times.
I love these interview style videos!
Thanks!
What do you think about developing in Georgetown tx?
Great video Jeremy!
Thanks Trevor! Working hard over here 😀
Why do i see construction in bouldin creek take so long? Theres are some properties ive seen behind gates for over a year.
You have so many hoops to jump through.
I know a very active group of investors and flippers very established in the area with no sign of slowing down. So…there’s that.
Id really appreciate you’re opinion on 78724 both short and long term.
Are you investing there?
Looking into a house hack. So would be initially a primary but investing as well. Curious about your thoughts short & long term in that zip.
Great video Jeremy.
Thanks! Working hard over here!
Not here in DFW.
😂😂 I’ll be sending this video back to both of you in six months
Create a channel, build an audience, and put yourself out there. Easy to sit back and criticize. A lot harder to do the work.
2 1/2 year? 😂
Can you imagine buying a home in 2017-19 then the market taking off in 2021? That’s what he’s saying. So, what you’re laughing at… you shouldn’t be. You should be looking at how to take advantage of this market.
Lol your guest literally just said you can see another 15 to 20 in suburbs in down risk. This is after the 15 to 20 the market has already dropped. You may want to do the math here bud. 35 to 40 percent drop very likely won't be wrong.
He did. Your math is wrong though. You’re looking at the entire market and he’s breaking down zip codes. 2 separate things. Are those zip codes down? Did they go up? What you’re saying doesn’t actually make since.
@@JeremyAKnight what I’m saying is the guy you made reference to being dramatic in saying 40% drop would be bang on, if the market continues it’s trend in Austin and we see another 20% drop.
@@edwardbassous5025 well, it’s definitely going to drop moving forward. How much? Is all going to depend on what rates do.
@@JeremyAKnight oh the entire housing market is going to see a very nice correction back to reality. 75 percent of the homes I went to look at in Steiner Ranch were empty. At some point in time these investors will want out. It won't be pretty
@@edwardbassous5025 agree!
P R O M O S M
Still more to go!
Yup
The interviewee has been in Austin for 2.5 years....he has no experience in Austin.
Good stuff
Thanks!