40 min
Rent vs. Price Relationship, House Prices 1963-Present Get Rich Education
-
- Investing
Learn the housing price level every year from 1963 to present with an entertaining retrospective - from $18K to $372K.
Top takeaways over time: 1) Real estate usually goes up. 2) Real estate does not always go up.
Housing rents and prices often correct toward each other.
Home prices are rising globally. The highest: Turkey, New Zealand, Luxembourg, and Slovakia. Some of the lower rises are in East Asia.
Canadians can hardly believe that Americans get 30-year fixed rate mortgages, 1031 Like-Kind Exchange.
Redfin CEO Glenn Kelman believes that high housing demand is cooling off and the market is normalizing.
Building a home has never been more expensive.
I cover a case study for you about how new-build Boise single-family ranch homes had a sale price increase of $472K up to $747K over the last two years.
Your tenant is probably doing better this year than last. Unemployment is down to 5.8%.
Rent amounts are more stable than home prices.
I draw the line. Current rent vs. own dividing lines are 0.7% RV ratio and $250K purchase price.
You can still find decent $100K - $150K properties in: Memphis, Little Rock, Cincinnati and Dayton.
Resources mentioned:
Median New House Prices (Census, HUD):
https://fred.stlouisfed.org/series/MSPUS
Bloomberg: Global Home Price Rise:
https://www.bloomberg.com/news/articles/2021-06-03/global-home-prices-rise-most-since-2006-fueling-bubble-concerns
Music samples used with permission.
Show Notes:
www.GetRichEducation.com/349
Get mortgage loans for investment property:
RidgeLendingGroup.com
JWB’s available Florida income property:
www.CashFlowAndGrowth.com
Ali Boone’s Recommended Book:
https://amzn.to/2NsMVlF
EQRPs: text “EQRP” in ALL CAPS to 72000 or:
eQRP.co
By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.
Best Financial Education:
GetRichEducation.com
Get our free, wealth-building “Don’t Quit Your Daydream Letter”:
www.GetRichEducation.com/Letter
Top Properties & Providers:
GREturnkey.com
Follow us on Instagram:
@getricheducation
Keith’s personal Instagram:
@keithweinhold
Learn the housing price level every year from 1963 to present with an entertaining retrospective - from $18K to $372K.
Top takeaways over time: 1) Real estate usually goes up. 2) Real estate does not always go up.
Housing rents and prices often correct toward each other.
Home prices are rising globally. The highest: Turkey, New Zealand, Luxembourg, and Slovakia. Some of the lower rises are in East Asia.
Canadians can hardly believe that Americans get 30-year fixed rate mortgages, 1031 Like-Kind Exchange.
Redfin CEO Glenn Kelman believes that high housing demand is cooling off and the market is normalizing.
Building a home has never been more expensive.
I cover a case study for you about how new-build Boise single-family ranch homes had a sale price increase of $472K up to $747K over the last two years.
Your tenant is probably doing better this year than last. Unemployment is down to 5.8%.
Rent amounts are more stable than home prices.
I draw the line. Current rent vs. own dividing lines are 0.7% RV ratio and $250K purchase price.
You can still find decent $100K - $150K properties in: Memphis, Little Rock, Cincinnati and Dayton.
Resources mentioned:
Median New House Prices (Census, HUD):
https://fred.stlouisfed.org/series/MSPUS
Bloomberg: Global Home Price Rise:
https://www.bloomberg.com/news/articles/2021-06-03/global-home-prices-rise-most-since-2006-fueling-bubble-concerns
Music samples used with permission.
Show Notes:
www.GetRichEducation.com/349
Get mortgage loans for investment property:
RidgeLendingGroup.com
JWB’s available Florida income property:
www.CashFlowAndGrowth.com
Ali Boone’s Recommended Book:
https://amzn.to/2NsMVlF
EQRPs: text “EQRP” in ALL CAPS to 72000 or:
eQRP.co
By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.
Best Financial Education:
GetRichEducation.com
Get our free, wealth-building “Don’t Quit Your Daydream Letter”:
www.GetRichEducation.com/Letter
Top Properties & Providers:
GREturnkey.com
Follow us on Instagram:
@getricheducation
Keith’s personal Instagram:
@keithweinhold
40 min