The Real Estate Show

Radio Show Notes 02/01/24 Thursday:

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"The Real Estate Show: Transforming Listeners into Informed Investors Every Weekday! You should stop paying rent and BUY Real Estate"

By Eric Willner, Host of The Real Estate Show, America’s longest running daily radio show about real estate.

Welcome to the Real Estate Show – South Florida’s #1 Real Estate Radio Show and America's longest-running daily radio show about real estate. My name is Eric Willner, known as the Voice of Real Estate, and the creator of The Automatic Landlord System for Owning Cash Flowing Real Estate “Profitably and Hassle-Free”. Today is Thursday, and you're tuned in to the 'ATM – About The Money' Edition of The Real Estate Show. Today we continue to explore why NOW is the RIGHT time to buy real estate, focusing on the theme of 'You should stop paying rent and BUY Real Estate.'

Did you know:

1. Low Inventory: As of October 2023, the National Association of Realtors (NAR) reports a Months'Supply of Inventory (MSI) at 3.3 months, indicating a seller's market with significantly fewer homes available than buyers seeking them. This limited supply puts upward pressure on rent prices, potentially making renting less affordable in the long run.

2. Increasing Rents: According to Apartment List, the national median rent price for a one-bedroom apartment reached $1,955 in November 2023, representing a 15% increase year-over-year. This rise exceeds wage growth in many areas, potentially making rent increasingly cost-prohibitive for some.

3. Stable Home Prices: While rising interest rates have slowed the pace of home price appreciation, the NAR predicts prices to increase by 2.7% in 2024. This means your purchase price today may not depreciate significantly in the foreseeable future, offering potential long-term value compared to rising rent payments.

4. Interest Rates Fluctuations: While mortgage rates have risen from historic lows, they remain historically low compared to past decades. The Federal Reserve anticipates slowing rate increases, suggesting potential stabilizations or even reductions in the future, impacting monthly mortgage payments.

5. Long-Term Equity Building: Owning a home allows you to build equity with each mortgage payment, providing a financial asset that can appreciate in value over time. Conversely, rent payments contribute to the landlord's wealth, offering no equity benefit for renters.

Remember: These statistics paint a broader picture, and your decision should consider numerous factors like:

• Your financial situation: Can you afford a down payment, closing costs, and ongoing expenses of ownership?
• Your lifestyle: Do you value stability and customization, or prefer flexibility and minimal responsibility?
• The local market: What are the trends in rent prices and home values in your specific area?
• Your long-term plans: Do you plan to stay in the same place for several years, or anticipate frequent moves?

Did you know that you could be on the winning side of the growing financial divide? Today, we'll delve into why You should stop paying rent and BUY Real Estate. If you care about your finances this is a crucial part of the solution and how being on the right team can make all the difference.

Firstly, we ARE in the midst of a financial crisis, and the

divide is widening. The key question is, which side will you be on? There are two systems at play: the public and the private. Those who understand the "Money Game" can position themselves as players rather than pawns. The difference isn't physical but mental – it's about financial literacy. Being part of the privileged group requires surrounding yourself with the right team and having a desire for financial literacy and improvement.

First, let's review the power of good credit. In the context of today's theme, we'll explore the "80/20 Rule," which highlights that 80% of wealth in America is controlled by 20% of the population. Credit plays a significant role in this equation. The 80/20 Rule is a financial edge, and the question is, do you 'Have It?' Last week I shared a numerical example of how a 2% difference in interest rates, influenced by good credit, can impact a 30-year loan of $250,000. The difference was HUGE!

I wasn't born privileged, but I found privilege through mentors, leaders, and being on the right teams. That's why we emphasize the power of a three-pronged approach – owning a home, having it in financial order – with a written financial plan, and owning a business for additional benefits. The financial edge is about having a financial team, a 5-star system to win at the money game.

Our 5-star system focuses on saving, making, and multiplying your money. It's a continuous improvement system backed by expert coaches to guide you. Those 3 beliefs, Power of 3 – a triple play, a triple crown, a holy trinity, if you will – three! We encourage you to embrace homeownership, have a written financial/life plan, and own a business for financial success.

Now lets talk about why You should stop paying rent and BUY Real Estate

Thank you, dear listeners, for being part of today's insightful edition of The Real Estate Show. But, here's the real deal – don't just be a passive listener; take action! Use our show as a launching pad to dive into the world of real estate investing. Every weekday, we're delivering a literal seminar packed with valuable knowledge in each episode. And always remember, it's not just a claim; it's a stone-cold fact that real estate stands as the best investment, period – the ideal investment.

Make sure to join us again tomorrow for our Friday Weekly Wrap-Up, where we'll summarize the week's key takeaways and set the stage for another exciting week ahead. Your journey to real estate success continues, so mark your calendar and tune in regularly. Thank you for your time, and we look forward to having you with us again.

Also, you can listen to the entire 30 minute broadcast of any day’s edition of The Real Estate Show by clicking on the audio link on that days summary post. You can also watch the Facebook Live video at www.facebook.com/TheRealEstateShow.

Want to know more? If you are serious about real estate and paying off debt, then find out more on today and every day’s episodes and learn more about Real Estate Investing and learn HOW TO by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 9 o’clock (EST) on Florida’s Money Talk Radio stations WWNN AM1470, FM 95.3 and FM 96.9. You can also hear us on the free apps: iHeart Radio and TuneIn. Recorded Rebroadcasts are available 24/7 on Facebook. Please share this and our Facebook updates.

Eric Willner is the Host and Founder of The Real Estate Show, an informative show about how to buy, own, and improve real estate the right way, on autopilot. - The Automatic Landlord way. (AutomaticLandlord.com) You can reach Eric Willner at Eric@Ericwillner.com or 888-595-7779.

Also listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow 

Eric Willner is the Host and Founder of The Real Estate Show, an informative show about how to buy, own, and improve real estate the right way, on autopilot. - The Automatic Landlord way. (AutomaticLandlord.com) You can reach Eric Willner at Eric@Ericwillner.com or 888-595-7779.

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