Real Estate in 2020 Post Virus (LA 1219)

Transcript:

Steven Butala:

Steve and Jill here. Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala.

Jill Dewitt:

And I'm Jill Dewitt, broadcasting from cool breezy, rainy Southern California today.

Steven Butala:

Today, Jill and I talk about real estate in 2020 post virus.

Jill Dewitt:

We all want to know.

Steven Butala:

What are we heading into? What's happening? Yeah, we all want to know what's happening now. I took a real deep dive into the data that's provided by lots of different agencies. It's amazing how much data's available and how we can use it. That's what the show is all about. How we can use it to see what's going to happen in the future, to buy and sell real estate, not to lose money to make money.

Jill Dewitt:

What's interesting is I think it's already happening and we're already seeing it. We already know and it's so funny because we can predict, we can kind of safely predict a lot people are with real estate. We're already seeing it and I have some examples here in a minute, but we can't predict and we can't say anything else. Like people, everyone wanted to know, when can I go outside again? Let's point about that. Let's call a spade a spade. And no one will really answer that. Our president won't answer. People won't answer it. They're afraid to say, but they all say that it's not going to be a flip of a switch. They all kind of agree that it's going to be some gradual thing, but anyway. We have some good answers.

Steven Butala:

Why do they get to decide anyway?

Jill Dewitt:

Good point.

Steven Butala:

This whole week we're going to cover some stuff like this. Jill and I were, we were on a, I hope you're doing this too. We had these Zoom calls with our friends and so, and we, it ultimately ends up being a discussion about what the hell is this all about anyway. Like I'm sure you're having, and what I learned recently is that Jill and I are on the same page about a lot of stuff when it comes to current events and politics and all of it. Like really seriously, pretty close.

Jill Dewitt:

It's true.

Steven Butala:

We try not to ever talk about this because we like each other and we want to keep it that way. Well, it turns out some couples are really, it's polarized.

Jill Dewitt:

Yeah, like don't bring them up because it starts an immediate fight. That's true.

Steven Butala:

So all this week we're going to address some of the silly stuff. How can you not? How can you sit and talk about real estate and not talk about what's going on behind us, which is nothing. There's nothing going on behind us outside.

Jill Dewitt:

I got to say, I should've taken a picture. Steven pointed out a squirrel. I have never seen a squirrel on our back wall behind us and I'm like, what? I should have taken a picture, it was hilarious.

Steven Butala:

There's weeds starting to grow in the cracks on the strand here in California and it's like a zombie movie.

Jill Dewitt:

What happened? It's so weird.

Steven Butala:

Before we get into it, let's take a question posted by one of our members on the landinvestors.com online community. It's free.

Jill Dewitt:

Ben, asks, "Good morning. Has anyone found a correlation from experience between the number of years someone has on a property and their willingness to sell? I have a lot of people on my mailers that just acquired the property within the last year and are not interested in selling. I'm looking at the idea of trying to filter out new owners. Thanks."

Steven Butala:

This is on landinvestors.com it's a free forum that Jill and I put together a lot of years ago. So you can just go on there and say your piece. When it comes to land and real estate investing in general, it turned out to be really popular. So on this question like lots, there's a bunch of responses and they all are some version of what I'm going to say. Just send out the freaking mail. If you're,