Karl Buys Houses

I'm Calling BS!

In today's Podcast, I steal a theme from Chris Iron's Podcast @QuothTheRaven and a speech called "Our Bullshit Economy".  

While I'm not qualified to speak on the Economy as he is.. I am qualified to speak about the Housing Market.  

In today's short podcast to begin the occasional theme here on KarlBuysHouses Podcast.. I will share with you three tips that Chris gave, and how you can apply them to your housing situation to ensure you do what's best for you and your family in the months, and years to come.  

#housing #economy #Tucson

Will The Economy Collapse?

In today's podcast, I will discuss with you a common statement I hear... "This ISN'T 2008!" is a common theme I hear amongst real estate agents.  They are absolutely right.  It's even WORSE.   

In the first 15 minutes, I will share with you compelling historical evidence from the Dow Jones Industrial Average, the famed "Warren Buffet Indicator" as well as the wealth gap relative to the Great Depression of 1929.  

After I've convinced you that not only are we headed for a depression, but a depression worse than 1929, I will share with you six practical things you must do to prepare for the coming economic collapse.   

Best Case?  I'm wrong.. and you are prepared. (highly unlikely)  

Worst Case?  I'm right.. and you didn't listen. 

Visit www.KarlBuysHouses.com for more info! 

#Tucson #Depression2020 #EconomicsOfCorona

I Know You're Angry...

 However, it doesn't change the fact that your home is worth 20% less than you think it is.  The only saving grace is that NOBODY knows it yet.. except you and I.   

In today's podcast, I will answer a listener's question about whether or not he should buy a home during the #Covid19 pandemic.. my answer is sure to infuriate every Realtor® you know.. And will probably result in me getting reported to the Tucson Association of Realtors®... again... 

I don't care.  It isn't about me.. this is about you, and you making realistic plans for your homes.. before the music stops.

 #REO #Foreclosure #Tucson

Prepare For Disappointment

 In today's post, I will discuss a popular question amongst homeowners.  How much will the Coronavirus affect home prices?  Particularly in Tucson?  I will share with you the latest data from the National Association of Realtors, as well as the Tucson MLS and we will discuss how these events will undoubtedly affect your home value.  

#tucson #NAR #Homevalue

What Would YOU Do?

Believe it or not.. this could be a very real decision that your Governor will have to make in the near future.  With Senate Majority Leader Mitch McConnell advising that States should declare bankruptcy instead of expecting Federal aid... more Governors will have more power and more decisions to make than ever before.   How will this affect you? 

If you aren't a pensioner.. or a bond holder.., you might be tempted to think this won't affect you.  But in today's podcast, I will share with you the four things that Governor Ducey COULD do.. (or any Governor for that matter) if it came down to raising taxes.. or filing bankruptcy!

 #Bankruptcy #Arizona #Covid19

Think You Are Pretty Smart In Housing? 

It's not that hard to be a Realtor®.. In fact it takes just a little common sense.   But if that is the case.. then why do so many Real Estate Agents seem to miss basic questions when it comes to housing and real estate?  

I don't mean to say this with disrespect.. but honestly.. I've been getting frustrated with my peers over what seems to be basic questions. 

In today's episode, I will share with you a 6 question (true or false so it's easy!) test to see how much aptitude you have for the Real Estate Game!  

#realestate #home #IQtest

A Startling Headline.. 

But more than that are the dire predictions made by the International Monetary Fund in their blogpost by the same name.  In today's post, I will share with you a harrowing report by the IMF that states what we all intuitively know.  That the economy as we know it.. has changed. 

#recession #Tucson #Housingbubble2

Why Am I So Certain? 

Well.. One reason is because Lawrence Yun has stated that "Home sales will decline this spring season because of unique economic and social consequences resulting from the coronavirus outbreak, but much of the activity looks to reappear later in the year. Home prices will remain stable because of a pandemic-induced reduction in inventory coupled with less immediate concerns over foreclosures" 

Every time I hear Lawrence Yun say "things are going to be fine... " I start reaching for my wallet. Another reason is Chase Bank's decision to raise their lending requirements to a score of 700 with 20% down.  This is a bellweather event. In today's episode, I will share with you a counter opinon to the National Association of Realtor's position. 

 #tucson #realestate #home #NAR

Having Difficulty With Your Bank? 

In today's podcast, I will share with you a recent NPR Article about how many struggling homeowners are facing difficulty with their bank when trying to get mortgage deferral or forbearance.   Additionally, I will share with you a recent Intragency Statement on Loan Modification from the FDIC, the Federal Reserve, the Consumer FInancial Protection Board and others which gives specific information to your lender to "act right" or else!  

If you have to get Mortgage Forbearance or Deferral because of Covid19, then you need to hear this message to make sure they don't screw you over!!!  

#mortgage #CARES #deferral