| You are here: Home > Real Estate > “It’s Over” – A Realtor Finally Speaks the Truth About the US Housing Market |
Thіѕ week, Financial Survival Radio host Jay Carter www.FinancialSurvivalRadio.com сƖаrіfіеѕ whу hе′s renting hіѕ personal home, even though he owns multiple rental properties, whу he isn’t depending on politicians to “turn things around” with the economy and whу holding physical gold and silver is the only safe way to save money. Tο hear the entire ѕhοw, go to FinancialSurvivalRadio.com and go to episode #9.
| Filed Under: Real Estate Tagged with agent, broker, crash, estate, financial, gold, market, meltdown, metals, mortgage, precious, radio, real, Realtor, silver, survival |
Recommend Related Products
Add this to:
how do you base your rental rates? can it it be tied to the price of gold?
CORRECT!!!!!!!!!!on all levels…excellent job. Real Estate is DEAD.
the smarter american i have listened to in the last year.
Brilliant analysis! I am in California, & watched the R.E. bubble start in Sept 1998. I sold my house to my neighbor in August 98 because NO realtor wanted a listing. I have been saying what you have been saying SINCE 1998. The house I sold in July 1998 increased in price by 400% by June 2005. It was flipped three times. That ancient house is STILL overpriced. I saved the difference between my “projected” PITI —if I bought–and rent. I can now pay cash, but why buy in todays HIGH?
As far as investments for retirement accounts, I followed my gut instinct and pulled out of the stock market in August 2007, just before the first DOW crash. I am also a buyer of GOLD bullion, never phoney paper from the same banksters. I see California houses returning to 1992 prices. So why buy high today? There is an 22% unemployment in my county. Nine houses on my block are in foreclosure, 22% unemployed and mortgage interest will only increase. I am praying for >9% APR.
If you buy Gold bullion ( the best approach in a bankster manipulated market)…wait for the spot price to drop to ~ 1,000 USD/oz. Gold is in a bubble small term. EU value for and small amount of Gold is approximately 850-1,000 in Euros…today and it may increase as more EU countries become insolvent. USD prices for 24 hr Gold are inflated small term. I see >$3,000/oz surrounded by next 5 years…if we don’t have riots in the street first. Bullets, water and food will be more valuable than Gold.
kitco dot com forward slash charts slash popup slash au 24 hr 3 day
I like the real estate angle but as far as your thinking goes on 401k’s and IRA’s, if you don’t know how to use them you shouldn’t speak like you know them.. additional then “tom foolery” will get to them.
@drnicolaswill 401k and IRAs are based on the premise that the stock market always goes up… it doesn’t. In fact, the market is basically where it was 10 years ago. Factor in your fiat paper currency debasement (ie. inflation) and your returns become negative very quickly. The fees and expenses the broker/institution is taking out of these cash instruments are exorbitant.
I HAVE BEEN DOING THIS SINCE 1986! LIKE DUH!!!
218 PROPERTIES SOLD SINCE 1998 TO 2009, AVG PROFIT 1176%! SOLD TO THE SUCKERS!
49% AVG GROSS PROFIT PER DEAL, 27% IRR PER MONTH FROM 1999 TO 2007!
NOW BUYING LAND FOR 1-4CENTS ON THE DOLLAR VS. 2004-2006 VALUES!
@JP5466 uh, no, investment knowledge fail. No serious investor believes that the stock market always goes up. But excellent stocks pay dividends, and can be reinvested, making compound-interest-like growth even if the stock stays the same, which is why my IBM is value 8 times what I paid for it in the early 90′s. Plus, with dollar-cost averaging, you can buy more when stocks go down.
Delight in your Social Security try out. My stocks have kicked ass the last 20 years.
@uclajd S & P stocks have made ZERO over the last 10 years.Some before that.
The small dividends that you first pay taxes on didn’t keep up with inflation.
How much you paying for gas, food compared to 10 years ago? DCA is a mantra you got brainwashed with. Always diversify. Some cheap RE rentals. some PM,
some raw land, some of your precious stocks,forget bonds.
LOTS OF SLIMY RE SHILLS HERE >BELOW THIS POST>BEWARE>THEY ARE TRAINED AS PROFESSIONAL LIARS.
@uclajd You obviously cannot read…
ZERO RETURNS FOR THE STOCK MARKET OVER THE LAST 10 YEARS.
Ignoramus confirmed.
@JP5466 End of 1999 ,start of 2000 the SPY was around 150.
Today its 120.So it LOST around 20%
Gold during that time went UP about 400%.
Back to MSNBC and Cramer for you.
You are perfect proof of the brainwashed clueless Americans.
@cpgone CLUELESS AMERICANS YES ANS D THE REST OF THE WORLD WITH US IS LOST!
Excellent info. this works, and it starts a snowball look.
The Zeitgeist Movement is the only Group out there that has brought up some Real and Tangible Solutions to ACTUALLY SOLVE OUR ECONOMICAL, SOCIAL & ECOLOGICAL CRISIS – to know more about it, watch: “Awakening 1/4″ (small video) and “Zeitgeist Addendum”. Both of them are on YouTube.The SOLUTIONS presented in both videos are already being applied and they have already been proved to work in the small and long run. It’s about time to expand/spread it World Wide.
the zeitgeist movement dot com
FS
If you investigate net neutrality, you will find that it contains regulations and subsidies.
Net Neutrality as it has been sold, is a fraud.