Mortgage Rates Up to 7% as Housing Market SLOWS Before Election

Episode #266

Join the Future of Real Estate Investing with Fundrise:

Join BiggerPockets for FREE 👇

Grab Dave’s Newest Book, “Start with Strategy”:

Find Investor-Friendly Lenders:

Proposition 33 Ignites Fierce Debate Over California Rent Control Laws:

Connect with Dave and Our Panel of Expert Guests:

Everyone is awaiting the 2024 presidential election results—especially homebuyers. As mortgage rates rise again, potential homebuyers are sitting on the sidelines, hoping that the next president could make it a little easier to purchase a house. Is this housing market slowdown just a temporary phenomenon before the biggest political event of the past four years, or could this last well into the winter? We’re covering it on this headlines show!

Could a “Trump trade” push bond yields up and mortgage rates as well? Some economists are betting that a Trump presidency would mean higher mortgage rates. We’ll also talk about California’s Prop 33, which, if passed, could allow more stringent rent control on landlords in the Golden State. With rising costs for property owners, could this lead to landlords selling their rentals to escape California’s tenant-friendly laws?

If you want to escape the election cycle, we’ve got you covered. Our last story touches on the best companies for career growth, and if you’re trying to up your skills (and your income) next year, applying for a job at any of these companies could help you!

00:00 Intro
01:01 Pre-Election Housing “Slowdown”
13:03 The “Trump Trade”
16:48 Prop 33 Rent Control?
24:15 Best Companies for Career Growth

[falsificationism]

Agreed on rent control being silly. If you have markets, it's ridiculous to tweak the rules to adjust prices. What _is_ effective is neutering markets by providing options outside of them. Cooperatives or public housing (e.g., Vienna) are both successful models. The key is to have a certain percentage of housing outside of market-based housing options.

"Public options" for things like healthcare or book lending are popular and successful because prices remain anchored to actual costs, rather than infinite growth expectations from investors. This isn't complicated.

[brendancarrington-kh]

There is an equal market chance associated with each crash or collapse. I have seen people accumulate up to $1 million during a crisis, and even make it work in a strong economy if they are prepared and well-informed. Without a doubt, the bubble/collapse is making someone wealthy.

[PaulJackson-xe]

Hit 240k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in August 2024

[phil]

Please Henry stop talking about walmart. It's getting a little old. Lol

[breakfastclub..]

I am a investor 30 years in California i see thousands of homeless black men in LA literally tens of thousands..
And I am voting Trump this time.

[onedropontv]

The elephant in the room. Available jobs are way down. The most common websites for job listings appear to have a lot of ghost job postings. Transition from one job to another for better pay is rarely available at the moment. Regardless of who wins the economy faces real challenges. Interest rates will take a long time to go down. Average rent/mortgage has outperformed wages probably by 5-10 years.

[TheWealthBuildingJourney]

Pandemic stimulus is (still) wearing off. As it does, the underlying (very sick) economy is showing its "true form".

[dhowto]

Lady & gentlemen, I go into the Best Buy physical store. I 99% of the time buy all of electronics (computers, cellular phone, television) and appliances(refrigerator, stove, dishwasher, washer and dryer) inside of the store.


Good topics, Thanks!