Effortlessly Manage Your Society Maintenance Bill Format for NPOs

Society maintenance bill format for NPOs

all I want for Christmas is a real estate crash hey everybody Sky Walters buckle up strap in we got a hard-hitting pull no punches no sugar coat it no rainbows no sunshine I'm just going to give it to you and give it to you straight we got a good one to unpackage today welcome to the show I hope everybody's doing great so all I want for Christmas is a real estate crash well that's a lot of you out there if you if you don't own real estate and you've been on the sidelines patiently you're cheering for a crash now we got to be careful what we wish for because real estate crash means a big fat ugly recession will accompany it so this is very multi-layered now for me I'm on Crash watch and I work in real estate I own real estate I love real estate I enjoy helping you guys with your real estate but the reality is this I know anytime you overheat the US housing market the way we just did in fact it's going to have some crash risk on it that's why for me personally especially during the euphoric seasons of this uh real estate bubble where it was just straight up to the Moon I talked to I held tons of open houses I toured many open houses I talked to a lot of agents and I would let them know I or ask them I'd say how do you feel about this Market do you think there's any crash risk here and some of them came out of their skin no no crash risk here at this time is different blah blah whatever I mean they got it upset now listen they got angry and anger is fear to turned outward anybody that gets angry is actually scared that's their built-in self-defense mechanism in order to cope with it but the reality is this anybody that's been around real estate for a while and it's shocking to me because I've talked to a lot of seasoned agents that actually drank the Kool-Aid on this one the reality is this you don't understand how fragile this Market is this is a very fragile market so I don't care how long you've been in the industry I don't care what you your position is you've never seen anything like this in your lifetime so anybody to guarantee or promise you or any version of that say no crash risk here not only wants to sell you a house they have to their own house depends on it and listen I've seen a lot I know you have too a lot of grandstanding Agents out there I just bought my new house or I just bought my new car they based their cost of living on temporary stimulated income short-sided dumb dumb dumb a lot of people will not weather this storm but the reality is this it's very hard to time the bottom of a real estate crash but we'll do our best but it's pretty easy to time the top and I believe we've in fact identified the top of this real estate bubble but here it gets better or worse depending on how you look at it is it this wasn't just any real estate bubble this was the biggest one ever witnessed in in human history that alone should have your full and undivided attention now luckily for you guys that watch the show you're in touch with this because we know the US housing market is in fact the biggest financial asset class in the world if we lose it we will lose everything it'll be a Brave New World we live in friends and listen we're headed that direction guaranteed because the amount of government intervention that will have to be implemented to try to even slow down the crash much save it which I believe it's just way too big to save we couldn't save the last one with government intervention I don't know why we'd think that somehow this time would be any different if anything it's going to be harder to save and worse if we get into I don't know some crazy crazy scenario like the government steps in and offers to buy your house you now rent from them but you get to stay in the house that would be the only way maybe but the catastrophic blowback would be I believe even too big for that one to work and here is why Insanity right I'm trying to package this the best I can because the minute this thing gets to that level where it requires government intervention at any level it will be accompanied with a recession jobs will be lost so this is going to be a really hard one because the economic component and here's the thing this is act this real estate bubble actually is a lot different from the last real estate bubble in the essence of the last real estate bubble was an economically driven bubble and crash it was loose lending it was Ninja loans whatever you want to do say it was artificially low interest rates too and these teaser rate which these adjustable rate mortgages I mean they're still out there these are things that people are still able to get their hands on but even with that aside here's what's different in this real estate a bubble this one is economical just like 2008 but then we add the three-headed monster it's also got a social component and a political component this was a very divided nation this go around we didn't have the political and social Strife that we have now in 2008 things are just much different I've always said you know when you have this much screen time you get in your car you have a screen you get in your pocket you have your screen you get in your home you got a screen we are such screen waves at this point that contagion will catch on like wildfire the second this thing starts to move now we already know the Heavy Hitters the Bezos the the musks the buffets they are all Heavy in cash sold out not only their stock positions their own stock positions they actually sold out of as well that should be a massive massive warning sign so the reality is this you have to have your ducks in a row right now you've got got to be ready for absolutely anything because anything is possible in this one but here's the thing my friends like I said we could run into a flash crash something could come out a news event at a left field that just changes the narrative overnight and I expect that potentially to be the case in this bubble similar in 2008 everything was fine until it wasn't and once the once the airwav started to broadcast the housing market in trouble everybody ran for the exits and here's the thing with a lot of buyers even in this bubble similar to 2008 with very little skin in the game and this is the challenge with that me as a real estate investor I could care less where I live I could care less about your house I could care less about any of that I want to provide you safety and wealth in real estate the only way for someone to become wealthy is to make others wealthy when I'm getting you you into a house my conversation with you is going to be let's look at the cost to carry this property a standard amount down at today's interest rate what's our cost to carry is it under the property's rent range it's an insurance policy that we can pull for you just in case something ever happened to you you don't have to lose this house a renter can go in and start to pay make the payment and better yet couple of years where you start to stack income properties we buy all your properties using that very simple method and you can have a handful of investment properties then later on in life right off into the sunset now I know a lot of my viewers especially where I live in an episode A Million Dollar Listing a lot of people have an open checkbook policy they're like hey I want to go buy my dream house I could care less about anything else I'm Uber Rich that's fine but that's a small percentage of the buyers out there most of them are just like you or me hey I just don't want to take a bath I don't want to get Rak over the coals and people are nervous right now and here's the thing of my friends in this real estate bubble the majority of the purchases of the properties that were sold during the crisis do not pencil out meaning people did not and their agents certainly didn't offer them the property's rent range all they were concerned with was another sale and a commission and they're in trouble right now by the way absolutely 100% because a lot of these agents based their cost of living on euphoric stimulus-driven income and they got under staggering cost of living based on this blip in the radar and that's going to change it's changed it is changing how do I know that guys of course I'm going to tell you cuz I'm estate agent I can watch my own sales and I'm a guy that luckily owns and operates real estate Diversified I don't rely just on commissions to pay my bills if I did I wouldn't have a YouTube channel talking the way I'm talking right now more than likely I can tell you that but there's a good chance I would because I'm just that type of guy I'm a very authentic salesman and that's one of the things that you probably have come to know and hopefully enjoy about this channel is here's a guy who works in real estate that's saying the things that we've been been thinking that nobody else is saying that's in fact what you're getting here the reality is this this bubble now has stopped it is over if your area is going up at all and I know there's a few areas out there that are still registering some small appreciation rates nothing more in line with what would be normal but unfortunately we're at the tail end of a euphoric inflated stimulus driven no organic growth Market manipulated government overreach bubble we know that and one of the stimulus measures was this the targeted directly at the real estate market how do we stimulate it well we drop interest rates unfortunately you combin that with lockdowns so we had very limited inventory too much demand and you Kick the Can way too far down the road the second it started to exhibit that bubble Behavior you should have risen rates right then this was mismanaged at I mean we can talk about all the all the mismanagement of our country which I know there was a lot of right everything from the wall to the borders to whatever illegal Migra migration into our country the amount of government uh the amount of government intervention targeted at these people instead of our own citizens I mean we could go deep that's why I would say political economical and social components all in play the three-headed monster but the reality is this if your area is just registering a tick or two of appreciation that's nothing to say I'm safe here because like I said said we're at the tail in it I don't know about you but I'm seeing it I'm seeing a lot of areas now reverse course and like we know real estate is local it will migrate around like a forest fire it's going to move from this city it's going to drag the neighboring City down and so on and so forth every area is going to behave differently when they reach their bottom which we got to Monitor and check and wait and see when that plays out cuz right now we're just starting to see the short sales start to spike which eventually leads to foreclosures and then unemployment starts to go up and then the recession gets ushered in and then it's on and then the government in intervention will try to do what it can to hold this thing up till eventually it does what it's always done before it's going to crash now how do we find the bottom that's going to be the million-dollar question now they luckily for you watching this show today you don't have to wait for the crash or a crash even to happen all we need to do is identify properties that can stand on their own two feet meaning my cost to carry this property is under its rent range I can always rent it for more money than it costs me to carry it we can go shopping right now today I'm doing it with a bunch of you now the reality is this we could have clearly a Black Swan event which means a news event comes out of left field and shocks these markets similar to 2008 right 2008 all of a sudden boom we got news housing Market's in trouble and Bam it was like a Snowball Effect contag right we talked about that now the reality is this what we're going to see next is either a slow bleed out of this Market till we find what people are really willing to pay because what we're seeing right now is what the everything's going up in terms of days on market price reductions all that spiking open house signs I'm seeing them all over empty commercial buildings still in play Banks holding on to toxic debt still out there we have a lot of things but even if let's say our new president president comes in and is able to orchestrate enough of uh stimulus to this economy in terms of you know the not necessarily injections of stimulus but actually making deals whatever he's going to do to try to gain confidence in our investment Community to go out there and still play in this environment cuz that's really what it's going to take and that's a big tall order to get people to feel comfortable enough to go out and invest in this now listen we've seen that and we know the the saying from Warren Buffett richest guy the world owner of the biggest Brokerage in the world birkshire hathway be greedy when others are fearful fearful when others are greedy financial institutions are notorious for being greedy right they and they're very exposed right now a lot of financial institutions Builders they're exposed we've got a lot of toxic debt and exposure a lot of things that just aren't sexy enough for mainstream media to report on that's why we got to turn to channels like this so we we can read between the lines and look between the cracks and really understand the true Waters that we're swimming in in final thoughts it come to you as a friend as a content creator as a real estate guy that wants to see you not only win in real estate win in life understand the waters you're swimming in now shark infested crash watch 2025 it is on we've got a lot to monitor moving forward my advice and i' never suggest anybody do anything that I'm not doing or willing to do myself if you're out there looking at properties which I strong urge you to do you've got to be out there putting in the time right now even in this current market because you need to be comfortable if in when it's time to strike you need a Ninja on your side to make sure listen I just need to know this house pencils out if so let's test them with an offer but if you've been wishing for a crash for Christmas and I hope all of you had a magnificent or are having a magnificent Christmas time there's a good chance one is coming and I'm going to continue to monitor it every step of the way because it's not only what we need it's in fact what we deserve if you appreciate the content I want to humbly ask you to give the video a like subscribe to the channel leave a comment below I'd love to hear from you social media links in the description of this video if you'd like to follow me there along with the links the channels I've appeared on I think you might enjoy if you need help buying or selling real estate here in America I have the biggest Network top rated agents in the nation ready to assist you it would be our honor and our privilege to do so email in the description for you as well also if you're watching from your television set to today and you enjoyed this video you're going to love the next video and there's an easy subscribe icon for your convenience as always thank you for your time please go make a count today God bless and I'll see you on the next video e