In this clip from the Weekly AMA, we talk about the current state of the real estate market.
Between rising rates and rising prices, new home sales are down 16% from April compared to March.
Neal thinks the American home buyer might be getting priced out and Mitch thinks the American buyer isn't selling to upgrade.
It's entirely possible that a massive Real Estate crash is on the horizon. This could be yet another catalyst to deepen the recession. It can also be a huge opportunity for people like us - who invest in real estate - to buy homes and land on the cheap to flip coming out of the next Recession.
Neal is a great example of someone who took advantage of this in 2008, where he made a killing on buying a cheap home that is now worth exponentially more than the purchase price.
Will this be another 2008-like event in real estate?
About LeoFinance
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Our mission is to put Web3 in the palm of your hands.
Twitter: https://twitter.com/FinanceLeo
Discord: https://discord.gg/E4jePHe
Whitepaper: https://whitepaper.leofinance.io
Our Hive Applications
Join Web3: https://leofinance.io/
LeoMobile (IOS): https://testflight.apple.com/join/cskYPK1a
LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile
Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP
Hivestats: https://hivestats.io
LeoDex: https://leodex.io
LeoFi: https://leofi.io
Polygon HBD (pHBD): https://wleo.io/hbd
Polygon HIVE (pHIVE): https://wleo.io/hive
Web3 & DeFi
Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:
CubFinance (BSC): https://cubdefi.com
PolyCUB (Polygon): https://polycub.com
LEO Wrapping Bridge: https://wleo.io
16% down will create more opportunities to buy at cheap price, but down 30% will be a great chance for someone like me to own a house in America. hahaha
Posted Using LeoFinance Beta
The best option is to utilize the cheaper rate when it's favourable in other to own a house when it pretty much easier to get.
Yep… the downside does have opportunities for those that want to invest 😉🤓
Posted Using LeoFinance Beta
Many investors(including myself) have been expecting an omni-bubble to burst. I was very wrong with the expected times. Yet the fundamental factors that would cause a bubble to explode in nearly every sector is already there. Eventually some correction is due.
One positive thing that can work out well for real estate is they have a real utility compared to a stock of a company that has never made a profit or some NFT that does nothing.
!PIZZA
Posted Using LeoFinance Beta
Great Video!
!1UP
Click the banner to join "The Cartel" Discord server to know more!
Down by 16% it a good time to enter the market,and flip it after,crypto is going down stocks are going down, then what is going up?
You have received a 1UP from @luizeba!
@oneup-curator, @leo-curator, @ctp-curator, @vyb-curator, @pob-curator
And they will bring !PIZZA 🍕.
Learn more about our delegation service to earn daily rewards. Join the Cartel on Discord.
Congratulations @khaleelkazi! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):
Your next payout target is 68000 HP.
The unit is Hive Power equivalent because post and comment rewards can be split into HP and HBD
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Support the HiveBuzz project. Vote for our proposal!