The Fed Broke the Housing Market ft @OneRentalataTime

I’m joined by the goat of real estate investing, Michael Zuber of @OneRentalataTime to discuss how the Federal Reserve destroyed the US housing market, how easy it was to buy a home in 2006, how did Michael amass such a huge real estate portfolio (over 180 investment properties), his real estate market predictions over the next several years and much more!

Check out Michael Zuber’s YouTube channel, “One Rental At a Time” here:

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Compilation of Housing Market Forecast videos:

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Jason Walter, CPA (inactive CPA lic 103885)
Sacramento real estate agent and native (DRE 01923240)
Mortgage Loan Officer, NMLS 2566691
Revest Homes (DRE 02174879, NMLS 2362319)

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Disclaimer:
Jason Walter is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only.

This video description may contain affiliate links that allow you to easily find the items mentioned in my videos as well as support the channel at no cost to you. Thank you for your support! Jason Walter is a licensed real estate agent and mortgage loan originator with Revest Homes in California (DRE 02174879, NMLS 2362319).

For informational purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Other restrictions may apply. Equal housing lender.

#FederalReserve #housingmarket #MichaelZuber

[tenmike]

Michael Zuber is fantastic teacher and i go out of my way to listen to everything he has to say. His book has me on a mission and i just signed up for his online community Skool.

[mightymom]

Zuber is a highly respected commentator, like you Jason. Just very different style but both great! So glad to see you together. Thank you !

[et]

Michael Zuber is the GOAT! Thank you for having him on your channel!

[CC-hfjn]

Michael Zuber is great! I'm interested in seeing more interviewing of him.

[Courtney-Alice-Gargani]

It’s cheaper to rent in some locations. You don’t have to pay for maintenance and repairs.

[artt]

Thank you for having Michael on, Extremely valuable content.

[jasontye]

People aren't lining up to buy houses because the sellers are selling $200k++ higher than they were 2 years ago. A house in Maine that cost $185k in 2022 is listed for $350+++. Its honestly a scam. This sucks tbh, i feel so ripped off just looking at them. So i ask you, why do you think houses are going to go up? Maine has 48% less mortgage applications than 2023 for a reason. The only houses i see getting sold are the ones that are a good deal. Not a lot.

[mattanderson]

Wow!! Brilliant discussion thank you gentlemen!!
Really appreciated the both of you discussing this !
Thank you both

[robgeorge]

No mention of the effect of unemployment.

[Therulerof]

Good direction doing a colab now and then. The nerdy information you share on your channel is definitely valuable but to be honest.... It becomes hard to digest video after video in the same format....and I'm a nerd too. Throwing in a cattle operation from time to time keeps things interesting and keeps me curious!

[damp_squid]

This was a great guest Jason

This guy has been in the trenches, great info

[Brando-ok]

Glad I rented till I was 30 and bought 2 houses cash with 3 acres in big bear California. Clocked out at age 28 living the dream baby!!!

[whatsitlike]

I remember those crazy loan apps. I always bought my rentals with 20% down and got fixed rates but my mortgage guy always used stated income. He would just put down whatever income was needed to make the numbers crunch. I was always sensible and made sure the payments worked and would cover the rent so I came out of 08 okay but you really could have done some shifty stuff back then.

I agree about rentals making you money but I have to say it's on the sell. Unless you 1031 them every ten years to a newer property you have to factor in capital costs. I've spent a ton in improvements over the last two years that have eaten away so much I'm negative for years on the rent. I spent $18k on a roof and $12k on a furnace/AC. If you're only clearing $300 per month it'll take 100 months to get that money back. I really think the money you make is on the leverage and when you sell.

[salomonquijada]

Zuber knows exactly what was used as his income. It might have been blank at the beginning of the application process but he signed a fully filled application at the end, claiming it was the truth.

While there were crooked loan officers, it did not happen without borrower collusion.

[jayneweaver]

Is Zuber talking a/b California values NOT going down? This will be interesting to see how his opinions age. In MT, inundated with Californians, our values tripled, so did rents in 3 years. We are seeing 15% to 20% price cuts in $350k to $1mm price points. He HAS to know that RE is regional, we should all go wherever Zuber is and wait to get a 1% discount deal and then wait again for prices to go up 20% a YEAR. Sounds great, let us know your locations.

[martingainty]

Makes you wonder if the Real Estate ups / downs Michael experienced in Fresno were felt in Sacramento?

[jonathantaylor]

Yeah of course very few people have variable rate mortgage who would do that when interest rates are the lowest.. in human history? I like how the RE bulls think there can only be a carbon copy crash of the GFC, or no crash at all. Cheap money is not coming back. The FED will cut but the FFR is going to sit at 4% for years to come. Basically every loan written in 2020-2022 was "sub prime". A new hiking cycle is not out of the question either. In the end the FED cares about the dollar- not your home equity or 401k. Inflation is in charge, not the FED.

[grownupgaming]

This is it! My two favorite real estate YouTubers!! The dream team up !

[Pragmatistst]

I think it's up to consumers to wait out these high prices for a few years. Kill the demand. Offer less . If they want to sell, they'll need to lower prices if we stick to not overpaying as a country. May sound crazy, but so does paying 40% more than houses were worth four years ago.

[shawndorry]

I got a 3/1 ARM loan in 2006 and enjoyed an entire DECADE of my interest payment declining. Most of these adjudtable loans arr benchmarked to the 10 year treasury yield and so im curious which loans would have jumped up from 1% to 9% interest.?