I found this video today
[ame="http://www.youtube.com/watch?v=8CQ5gJNxsdk"]YouTube - Rich Dad 2008 Predictions - Part 1[/ame]
What I got from this video:
- Most of the interesting points to me where from Ken McElroy
- Investing in apartment buildings (this guy does that all the time, for what I know).
- Occupancy improving as people are moving from the houses they can't afford so now they are renters again.
- Follow migration trends/patterns (eco-boomers, baby movers, where are they moving? where are immigrant locating?). Where are people moving to? where are the jobs going?
- expensive gas, cheaper dollar = People are moving to locations that require you don't drive that much
- They are buying in Denver, Austin, where they can buy close to rail lines and/or short driving commutes.
- US is too cheap for Chinese, Canadian, Asian investors (they see the American market as being half-price today)
International investors will bail out the real estate mess in the mid term.
- Harder underwriting rules will make properties (I assume he means SFH) more difficult to afford.
- Cash flow will allow you to maintain the properties. Too expensive to replace them. Keep them if you can.
- Replacement cost of properties will keep going up as the dollar goes down.
If you can hold properties, do it. In 5-6 years they will go up.
- Cash flow is king, no market speculation. Flippers are flopped.
- There are billions of houses being built today (not in the US, many other countries). Commodities prices will keep going up. More people all over the world buying cars. Oil will maintain a high cost.
[ame="http://www.youtube.com/watch?v=8CQ5gJNxsdk"]YouTube - Rich Dad 2008 Predictions - Part 1[/ame]
What I got from this video:
- Most of the interesting points to me where from Ken McElroy
- Investing in apartment buildings (this guy does that all the time, for what I know).
- Occupancy improving as people are moving from the houses they can't afford so now they are renters again.
- Follow migration trends/patterns (eco-boomers, baby movers, where are they moving? where are immigrant locating?). Where are people moving to? where are the jobs going?
- expensive gas, cheaper dollar = People are moving to locations that require you don't drive that much
- They are buying in Denver, Austin, where they can buy close to rail lines and/or short driving commutes.
- US is too cheap for Chinese, Canadian, Asian investors (they see the American market as being half-price today)
International investors will bail out the real estate mess in the mid term.
- Harder underwriting rules will make properties (I assume he means SFH) more difficult to afford.
- Cash flow will allow you to maintain the properties. Too expensive to replace them. Keep them if you can.
- Replacement cost of properties will keep going up as the dollar goes down.
If you can hold properties, do it. In 5-6 years they will go up.
- Cash flow is king, no market speculation. Flippers are flopped.
- There are billions of houses being built today (not in the US, many other countries). Commodities prices will keep going up. More people all over the world buying cars. Oil will maintain a high cost.
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