Yo! Subscribed! You’re helping my brother and his fiancée find a house in LA. I’m happy they’re working with you. I’m just getting into RE with one Airbnb in our hometown, Bloomington, IN. Cheers mate!

@thejonschwartz

Ай бұрын

Bloomington -- great investment town! We're honing in on a great property for Ryan and Brandy...

Hey Jon, sorry to notice your channel hasn't risen despite being one of the really few ones being right: there are no signs of the prophesized market crash after all these years. I bought mine back in 2018 and I felt it expensive back then! But hey, people got punished big time as prices explode! Your counterarguments are quite good: it's not the average income that matters because who buys houses nowadays is the affluent, not the average employee anymore. But these new buyers are a true minority. The rich already own places to live, most else they buy is investment, normally renting, which is not easy and simple business as average people think (just extending your hand to grab the rent check). It's a long story. Moreover, rich people get richer but they share of the population never grows. It's poor people who continually take a higher share of population, middle class falling into poverty, which is a pressure into the rental market = customers with less money. You know this. This is not sustainable, eventually the rich will have to stop buying houses and only the poor would want to buy...at a poor price, even with all the tricks lenders do, especially setting low mortgage payments at the expense of high hone prices overall.

Nice break down of everything Jon. Being a mortgage broker in L.A. for almost three decades, I am aware of a lot of the metrics you are using but wasn't aware of that website. Something like that is a great tool for non-real estate professionals and professionals alike to quickly identify where the value is. The wealth-phase charts are interesting too. Liked and subscribed.

@thejonschwartz

7 ай бұрын

Thank you!

man this is one of my favorite videos of yours! learned bunch 1) awesome website and thanks for providing this info for free 2) in the early part of the video I thought about what you said about CA being an equity / appreciation play and wondering it that’s better than an out of state rental that may not appreciate… UNTIL you explained the hot market score 3) how awesome is it that they use technical analysis. I use TA for the stock market and it’s gone really well for me (double digit and sometimes triple digit returns 5/7 years)

@thejonschwartz

7 ай бұрын

Thanks so much! I plan to raid Housing Alerts for more data in future videos!

Texas has extremely high property taxes. If you account for those then it must change the equation quite a bit. I personally left for other states but couldn't really adjust. So now I'm back in L.A. but completely priced out.

I wouldn’t recommend anything in Ohio. It’s either you’re fairly well off and in a good area or you’re not. There’s really no in between there. Def a tough market.

Median house price plunges 17.6% to $409,300 from year ago WASHINGTON, Nov 27 (Reuters)

@ab8817

7 ай бұрын

also you're showing absolute dumps via the zip codes you are showcasing. real bad advice, but have at it, im sure it wont be any trouble at all!

@thejonschwartz

7 ай бұрын

If you're talking nationally, then you're talking about new-construction, right?

@thejonschwartz

7 ай бұрын

@@ab8817 That's where the cashflow is, my friend!

@ab8817

7 ай бұрын

@@thejonschwartz in those zip codes you're not going to find the kind of tenants you need for the cash flow you want. will just be a headache. but like i said, be my guest

👉👉 Sign up for your FREE state-level HousingAlerts account here: www.housingalerts.com/jon-free/

Exciting!

Miss your videos Jon. These doomers are running rampant and they need to get reality checked by you.

@thejonschwartz

3 ай бұрын

Thanks so much! The doomers are endless -- and at this point, with the market so settled into it's new reality of low inventory and high costs, the doomers are just wasting precious bandwidth.

@grownupgaming

3 ай бұрын

@@thejonschwartz Understandable if you quit tho. You enjoy putting real informative videos out there, but the algorithm only rewards you with views when you spend time making videos trashing the doomers.