‘Million Dollar Listing’ broker: This may cause rent prices to soar



Real estate adviser Kirsten Jordan provides insight into rising mortgage rates in the housing market. #FOXBusiness

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45 comments

  1. We all know if mortgage rate go up to NORMAL RANGE of 8-12%, prices NORMALIZE and RENTS also drop to Normal parallel to house PRICES. Right now houses are 40-60% OVERVALUED!

  2. First Advice I can certainly give to every one is " GET NO ADVICE FROM REAL ESTATE AGENTS and INVESTORS in IT." You will be screwed up always!

  3. Miami is definitely on fire. I just renewed my condo lease last week for $400 more per month. But it’s better to pay a few thousand dollars more a year and wait for the crash to save and make a few million dollars.

  4. ALL homes over $150,000 should be burned down! Housing markets are a FRAUD!!!! Its creating poverty and homelessness!

  5. 3D printed homes will be the innovation that gets investment to drive out of this challenge around cost to build single family homes.

  6. Sold last year, took the profits, paid cash for my next purchase Resedential/ commercial. We just got our insurance coverages, Replacement value is over 900K. Not sure of value, but I know I am all in for under 200k.

    So my advice, if you ever wanted to take a leap, use this market to make your moves.

  7. These landlords think they can just continue jacking rents and taking advantage of people. It won't last, guaranteed to backfire. Even if people do scrounge up the $$ to pay these insane rents the landlord class is gonna have some hostile MFers to deal with that'll be looking to even the score.

  8. The Gov have crashed everything perfectly only thing left is the housing market than the US currency. Great plan print lots of money give it to your friends cause inflation raise interest rates lock out retail buyers let corporations come in and foreign investors buy up everything and US is rental forever. Permanent slaves it's genius. They're working on the currency it won't be world reserve much longer

  9. rate hike from Housing shortage plus Inflation prediction Landlords don't want to lock in to a rate that could be worthless in 6 months

  10. Yeah Blackrock is one of them and they seem to be getting funding from the OUR Government.. WHY? also see agenda 2030 " You will own nothing and you will be happy"

  11. Another reason there's been limited inventory is the foreclosure moratorium and rental eviction moratorium during the pandemic. As interest rates soar there will be more home foreclosures and more home availability. Same with rentals. Some markets like Miami probably will remain tight for inventory while other markets like Nashville, which currently has 35,000 building permits and Austin with 45,000 building permits that will hit the market in the 4th quarter and into 2023. Those markets will become much more competitive price wise.

  12. You might not have a hundred million dollars to invest, but that doesn’t mean your money can’t share in the same opportunities available to others. You work hard for your money; make sure your money works hard for you.

  13. We might have reached a point where choice land is a bit like drinking water. There's only so much of it, and allowing investors to buy a lake and then sell us the water would be kind of suicidal. Buying and selling real estate, and renting real estate is a bedrock of capitalism; however, we might have to make an adjustment going forward. Like giving families that will live in a property first dibs before it goes to investors. 2c.

  14. What's wrong with Maria? This is the first time I've seen her speak since being CNBC's "money honey" back in the day, but I don't remember the word slurring. Weird. Muscle relaxers? Soma coma?

  15. There is very little affordable single family houses being built. How could there be with material prices and labor skyrocketing?!

  16. I don't believe Kirsten Jordan in anything she said. Is she, a realtor gonna say DON'T BUY because price and rates are too high? It's like asking a fish monger whether his produce is fresh. Of course he gonna say it's fresh and cheap.

  17. Shortage of inventory soon to be followed by an influx of properties, the likes of which we have never seen in history.

  18. In las vegas Mofos bought up 2-3 house at once and they renting it for crazy prices ,sholes from california buying,renting like crazy 2-3 family moving into 1 house. 2k-3k a month rent ? F..idiots. Hope will crash to the ground worst than 2008

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