Episode Details
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Real Estate Problems - Affordability Issues and Foreclosures Today
Description
Big capital gains tax bills are hitting more home sellers. Exemptions exist for up to $250K single, $500K married.
Bad housing affordability means a low home ownership rate, hence, more renters.
The homeownership rate has dropped from 66.0% to 65.6% in the last year.
I have a hole in the roof of a rental single-family home, with about $10K in damage. Learn how I handle it.
Two of the first three income properties that I bought performed poorly.
VP of Market Economics at Auction.com, Daren Blomquist joins me. We learn why foreclosure activity is 10% to 20% below pre-pandemic levels.
Learn about judicial and non-judicial foreclosure states.
From homeowners surveyed, the top concern about falling into delinquency are rising insurance and property taxes.
Auction bidders are confident about the real estate market. They're willing to pay more, which is 60% of ARV nationally.
You can bid on distressed properties with your phone via Auction.com.
Opportunity Zones are generally working.
Resources mentioned:
Nation's Largest Online RE Auction Marketplace:
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Complete episode transcript:
Speaker Weinhold** ((00:00:00)) - - Welcome to GRE! I'm your host, Keith Weinhold, talking about a lot of housing market problems today. Capital gains taxes hitting more home sellers. Home affordability is still bad. The American homeownership rate is falling. I've got roof damage on one of my own properties. Then an update on American mortgage delinquencies and foreclosures. It's mostly bad real estate news today on Get Rich Education.
Speaker Syslo** ((00:00:29)) - - Since 2014, the powerful Get Rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate, investing in the best markets without losing your time being a flipper or landlord. Show host Keith Reinhold writes for both Forbes and Rich Dad Advisors, and delivers a new show every week. Since 2014, there's bee