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Real Estate 101
Peter Schiff video blog Oct 27th 2009 Also check me out on www.facebook.com and twitter.com
Posted by MovingJacksonville.com
25 Responses to Real Estate 101
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yeah, people who lose thier jobs shold live on the street.PROFIT before people. Does any1 see the problem with this profit motive?Every single western economic theorist did from Aristotle to Plato and Socrates to yes even Adam Smith who only acknowledged that greedy people have always and will always overcome rules and regulations so he said accept and use as an incentive.But only under strict regulation which has been again overcome.So its time for a new paradigm.
@woobiehastelly you irate brah
@zzzDiamondzzz I AINT EVEN MAD
@woobiehastelly you mad
FUCK YOUR PETER SHIT
Great video, I think you will also like our latest video. If you want to follow the leading video marketing team in your industry check out REP_ Interactive on twitter@REPinteractive or add our CEO @SteveGatena
You can also check us out on Facebook (Search REP Interactive)
YouTube
- RepInteractiveLLC’s Channel
Thanks
- Dan
Great video, I think you will also like our latest video of luxury real estate.
If you want to follow the leading video marketing team in your industry check out REP_ Interactive on twitter@REPinteractive or add our CEO @SteveGatena
You can also check us out on Facebook (Search REP Interactive)
YouTube
- RepInteractiveLLC’s Channel
Thanks,
Dan
informative video….if u want to post realty ad for free…go to adstore.com.ph
whatt???
Hi,
Thanks for this Video. It is very informative. This reminds me of another YouTube Video that’s helpful in Youtube audiences and on Real Estate arena.
Check this on YouTube: “How to Find Buyers & Sellers on the Internet” from Wendy Patton’s Bootcamp
Kudos to you guys!
Very cool and very informative!
When we bought our house in 2005 we received a pamphlet that listed various home upgrades and your expected return should you sell the house. Every single upgrade had a return of less than 100%. It then baffled me that you could somehow buy a house, make some repairs, and then sell it at a decent profit. Sure I could have made money taking that approach, but I didn’t want to be that guy holding on to multiple mortgages with no buyers in sight.
Very good info. Right on Target!
ya I agree with you agents in toronto are sales people and probably never invested in real estate. Its all show and deception
how about living at home ???
I LOVE this vblog.
I am a realtor, and in Toronto I compete with 28,000 other agents….what drives me nuts is the vast majority of them don’t understand these basic principles….or they do and ignore them thinking not of their clients, but of their pocket books.
Keep up the great work,
PETER SCHIFF 2010!!!
Dave Ramsey describes this the same way. Your own home is not an investment because you have costs involved. Investment is when you have money coming in.
The house you live in is an expense. That doesn’t mean you shouldn’t buy one. My family prefers to sleep on a dry bed in a warm home.
However to invest in real estate you should be buying houses that rent out at a higher cost than you spend on mortgage, taxes and maintenance.
If you manage to open a gap between cost and rental on all the properties you own that is larger than the cost of your lifestyle you are financially free and that is the 1st step to wealth.
why do we care if our fellow americans lose their homes? They won’t listen to you or anybody if you were to tell them not to buy one during the prebubble. The point is they saw cheap credit they borrowed and they got screwed, and its OK, they’ll learn not to spend money they don’t have in the future.
I tried not to laugh when I learned what the phrase “Using houses as ATMs” actually meant. I never realized owning a home means one is a trillionaire.
Funny I definitely had reverted back to the mentality of ‘personal residence = investment.’ Now I am second-guessing my first-time house purchase!
The explanation of the hidden costs of home ownership were eye-opening too. “One way or another you have to pay for shelter!” great point.
Another interesting concept is the value of flexibility. Can you put a dollar amount on the flexibility of a lease vs. a mortgage? Probably not, but the convenience is some kind of value.
thats why i make videos — i am trying to show people there is another way — nothing better than really owning every thing you own
Honestly, I just don’t see Americans doing that. If anything, I see the opposite: More credit, more debt, more foreclosures – because it’s hard to change ways of doing things when you’re used to living a certain lifestyle.
There is an easy way around that. Aggressively save and pay cash. No such thing as foreclosure if you own the property.
You need to watch the video again and reread what I wrote. The questions arose from personal residential housing, not real estate in general. This is precisely what I was referring to as well as Peter, since many Americans have lost their homes due to the illusion of it as being a wise investment. That’s it.