Fox News Cancelled Me

"unless someone is planning to live in their home for the next 7 to 10 years buying right now tends to be a losing proposition when you account for closing costs maintenance property taxes insurance and everything else that goes along with homeownership."

"this is one of the few times out there where it's a lot better shortterm to be a renter than a buyer"

"for most Millennials as of today the cost of renting is cheaper than buying rental prices are falling take advantage of this and perhaps you could Arbitrage the opportunity for some Savings in the future"

"if I were to go and buy a million dooll home I'd have to put $200,000 down take on a $5,600 a month mortgage pay $650 in property tax $200 a month in Insurance $150 in maintenance and I'd be spending $6,600 a month for a home that I could rent for $3,900 a month"

"at today's interest rates the math for buying does not make a lot of sense unless you plan to live there for a very long time"

"the reality is private Equity only owns 1.6% of all single family rental homes and the other 98.4% are bought and owned by normal everyday day people"

"the reason the housing market is so expensive is due to a combination of Prior artificially low interest rates restrictive zoning that makes it C inhibitive or impossible to add more inventory to the market and a surplus of demand from everyday home buyers who have been ingrained to believe that home ownership is the American dream"

"in 2022 there was the headline that investors buying nearly one in five homes most in all cash deals by the sound of it this seems like an absolutely absurd number that's surely to blame for Skyhigh prices except this is actually lower than what it was in 2004 5 and 11 when investors were purchasing nearly 1 in three ohms for sale"

"of the 26% of homes that are currently being sold to investors half are Mom and Pop landlords who own less than nine properties and only 11% of that half are Mega corporations"

"Americans for financial reform also estimated that by mid 2022 private Equity firms only accounted for 3.6% of all apartments and 1.6% of all rental homes"

"rental home companies own even less than that at just half of 1% of all housing"

"as an investor you need to make a profit and usually those opportunities only lie in the properties that need a lot of work floor plan restructuring new kitchens bathrooms complete Renovations that's where the money is to be made and you can't do that if you're competing with multiple people"