Fri, 14 September 2018
AIPIS 248 - New Home Development, Regulatory Impact on Home Prices & Suburb Revival with Matthew Gardner
Jason Hartman talks with Matthew Gardner, Chief Economist at Windermere Real Estate. The two discuss what's going on in the macro US economy, what's going on with home inventory levels, some of the easiest ways to lower home prices, and the Millennial's (mostly futile) quest to save up for a down payment. They also discuss the lack of home inventory and why the loosening of credit regulations isn't going to impact home sales as much as some are hoping. Then they also delve into millennials trying to afford homes and WHERE they can actually afford to live.
[1:18] What's Matthew's take on what's going on in the macroeconomy
[4:06] What's going on with new home development? Will there be any break in inventory shortgage?
[8:19] The easiest way to lower home costs and ease the inventory crisis is by easing regulatory burdens
[11:54] Millenials are having a hard time saving up for a down payment and are asking for a loan from the bank of Mom & Dad
[14:39] Milennials want to live in the "exurbs" in townhomes, but home prices are pushing them out further
[17:05] It's taking a credit score of 740 to get a mortgage loan these days, but even if more people become eligible there's no inventory
[20:16] Factors that could trigger the next business cycle recession and what the next recession might look like
[24:34] Who are the "Boomerang Buyers" and how might they impact the single family rental rate growth?
Fri, 7 September 2018
Jason Hartman talks with 24 year old real estate investor Ben Mizes, co-founder of Clever Real Estate, about how he got started in the business, what lessons he's learned over his time in the industry, and what technologies he's using to keep up with all his properties. Ben also gives a few best practice tips to those who want to get involved in real estate like he is.
[1:23] How Ben became interested in real estate
[5:23] Ben's deal experience as he started growing his portfolio, and why his 2nd deal may have been his most important
[9:34] Ben's thoughts on what's happening in the real estate industry as a whole
[13:10] Best practices when managing your own properties is to make sure you make your expectations very clear with your tenants
[17:45] If you don't do a good job with repairs it makes managing the building that much harder
[20:05] The two main technologies Ben is using for his real estate, and one hack Ben uses to allow his tenants to pay cash
Fri, 31 August 2018
Jason Hartman talks with Dr Andy Krause, Principal Data Scientist at Greenfield Advisors and AVM Analytics, about the state of automated valuation models (AVMs), the potential future for AVMs, how they work, and what practicalities are slowing their development down. The two also discuss the wide range of uses AVMs have, how they're going to be changing moving forward, and how short-term rentals are impacting housing markets across the country.
[1:16] The biggest AVM people know about is Zillow
[2:18] The science (and accuracy) behind current AVMs
[5:11] 2 things that are stopping a database from happening that would significantly improve appraisals
[9:42] How does the AVM come up with a value?
[15:17] What the AVMs do outside of simply valuing individual homes
[17:38] The future of AVMs
[20:57] The effects of the short-term rental market on the overall housing market