💸Pricey Properties Push Purchasers Away!
With homes now out of reach for many, the market faces a pivotal moment. Uncover the reasons behind this shift and the opportunities it presents for savvy investors.
Home sales? More like "nope" sales.
Prices are so high even the loaded folks are clutching their pearls.
Over in Chicago, CA Ventures, valued at $15 billion, might get kicked out over some pocket change in rent.
And guess who's trying to play real estate hero? Warren Buffett. But builders? They're not feeling the love.
Also, Dave Ramsey's out here calling adjustable-rate mortgages the devil's playground. With interest rates on the rise, he might have a point.
With the market acting all kinds of crazy and big names like CA Ventures stumbling, there's a yard sale of opportunities.
In this edition of the AltReports:
📉 Price Plunge
💥 Realty Ruckus
💵 Dollar Deception
💸 Sale Shenanigans
🧩 Economy Enigma
Video of the Week: Morgan Stanley Sounds the Alarm for 2024
Chart of the Week: Mortgage Purchases Hit Record Low
Podcast of the Week: AI and the Future of Real Estate Investing
Home Sales Plunge Further as Demand Vanished at These Prices.
Home sales have taken a nosedive, and it's not just a tiny stumble. Even those cash-loaded buyers are thinking twice before splurging.
Why? Because the prices are just too darn high!
The market's so out of whack that homeowners with those sweet 3% mortgages have ghosted both buyers and sellers.
Real Estate Drama isn’t Exclusive to CRE
CA Ventures, boasting a cool $15 billion in assets, is getting the boot from its Chicago HQ over a measly $334k in unpaid rent.
Meanwhile, Warren Buffett has throwing cash at home builders while builder sentiment is on the low.
One of The Biggest Rip Offs Ever
Dave Ramsey, the personal finance guru, recently called adjustable-rate mortgages a sneaky trap, more like a "ticket to foreclosure" than a dream home pass.
Why? Well, interest rates are soaring, and ARMs can be unpredictable. Some folks are tempted by their initial lower rates, but Dave warns that banks are playing a sneaky game.