Dire Peak-To-Trough Predictions: Goldman Sachs 2023 Housing Market Outlook!

Описание: Is now still a good time to buy real estate? In any real estate market, buying and holding real estate for the long term always wins! If you are looking for buy-and-hold cash flow investments in a market with a surging job market and population growth, or if you are a homebuyer who can get a fixed-rate mortgage for a fraction of what you pay in rent, now is a great time to buy real estate!

In contrast, the house flipping business is dead! High-risk investors are losing their shirts and then some! Hard money loans are crashing in today's market. Luxury real estate markets are also crashing! E.g., here in California, homes valued at $2 million and up have already taken a 25% haircut!

Always remember, real estate is localized, and every market is different. What might not make sense in one market might make sense in another. You must do your due diligence, understand how to evaluate a market, and run the correct projections on each property you are considering (preferably long-term) to know whether an investment makes sense.

In housing markets like Boise, Phoenix, or Austin, where prices have already gone up 40%, it does not make sense for most investors right now. However, as prices come back in some of these overpriced markets, that may spell a future opportunity.

In overpriced real estate markets where there is a glut of inventory and a lack of demand, I would not buy right now. Instead, I suggest waiting for prices to parachute down because, as sure as I am about the sun rising tomorrow, THEY WILL!

We continue to buy investment properties in select markets where the numbers make sense, leveraging the power of dollar cost averaging!

Now is an excellent time to implement my buy-and-hold, long-term turnkey investment strategy. The markets we look for offer strong job growth, population growth, housing demand, and low inventory.

Because there is less competition, we are negotiating lower prices than a few months ago while receiving higher rents. The numbers make sense in the markets we are investing in. If rates drop, the returns will be even better if you know where to buy.

Contact us right away if you need help finding, evaluating, or funding investment properties for your growing real estate portfolio. My team of advisors, financial experts, and turnkey real estate providers would be happy to help you.

Seewing Yee is a value-based real estate wealth advisor. He provides guidance, mentoring, and consulting services.

Seewing Yee
(510) 552-0726 (Call/Text)
[email protected]

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Goals vs. Resolutions

It often irritates me when people, even my friends, discuss their New Year’s resolutions. Perhaps it’s because most people don’t keep their resolutions for more than a month or two. After all, most resolutions aren’t serious or realistic because they aren’t anchored to an achievable long-term goal.

When I see many of my friends around the new year, they tell me, for example, that they have made a resolution to lose twenty pounds. However, most never do, and they wind up putting off their health for another year, only to revisit their failed resolution the following year.

The truth is that resolutions are a waste of time. Yes, they can be entertaining to discuss, but that is all they are: discussions.

To experience real-life change, you must set goals, discipline yourself, and set completion dates to achieve those goals.

If you are especially serious and want to guarantee your success, consider hiring a coach or mentor or partnering up with an accountability partner who will hold you accountable; otherwise, your resolutions will likely remain unfulfilled pipe dreams.

Goals are targets with completion dates, whereas resolutions are whimsical ideas you resolve to do or not do. If you want to improve your life, change your New Year's resolutions into goals. Setting and achieving goals will better serve you and position you for real-life transformation!

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