Byron Lazine, Lisa Chinatti, and Tom Toole discuss the 30-year fixed, the difference between earned optimism and wishful thinking, the conundrum for real estate professionals, how knowledge brokers play the long game, and Warren Buffet’s latest investment in U.S. builders.
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Timestamps:
00:00–01:08 Intro
01:08 Highest 30 yr fixed since December, 2020
01:46 Optimism among real estate agents & the knowledge broker mindset
04:07 What could happen if we hit 8% with the 30-year fixed
04:41 “I made a massive mistake with my business.”
08:41 Earned optimism and a holistic view of the market
13:02 The Stockdale paradox
16:51 Mortgage rate predictions and the “Scary Chart” (NAR)
18:54 The conundrum for real estate professionals
21:51 How much home can you buy with a $2,500 monthly mortgage pmt (chart)
23:15 What does stability look like & how to talk to buyers in today’s market
25:54 How knowledge brokers are playing the long game
29:53 Warren Buffet investment in three U.S. builders and what it means
Show Resources:
https://www.linkedin.com/posts/lawrence-yun-592a76146_the-federal-reserves-comment-about-another-activity-7097997420260638720-RYfn/?utm_source=share&utm_medium=member_ios
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Connect with Byron Lazine: https://www.instagram.com/byronlazine
Connect with Tom Toole: https://www.instagram.com/tomtoole3rd/
Connect with Lisa Chinatti: https://www.instagram.com/lisachinatti/
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