Mortgage rates are the highest they’ve been in 20 years. Should you still consider buying a rental property?

Mortgage%20rates%20are%20the%20highest%20they%u2019ve%20been%20in%2020%20years.%20Should%20you%20still%20consider%20buying%20a%20rental%20property%3F%20%7C%20Moneywise

Redfin Reports a Record Share of Home Sellers Drop Prices as High Rates Cut Into Buyers’ Budgets

Redfin%20Reports%20a%20Record%20Share%20of%20Home%20Sellers%20Drop%20Prices%20as%20High%20Rates%20Cut%20Into%20Buyers%u2019%20Budgets

Dead Strip Malls Could Become 700,000 New Apartments

https://www.businessinsider.com/dead-strip-malls-housing-market-construction-real-estate-cities-suburbs-2023-11 

The US Housing Market Has Become an Impossible Mess

The US Housing Market Has Become an Impossible Mess  https://www.bloomberg.com/news/articles/2023-11-02/housing-crisis-gets-worse-for-americans-on-mortgage-lock-in-effect 

US Home Prices Rose For 5th Straight Month In August, But... | ZeroHedge

https://www.zerohedge.com/personal-finance/us-home-prices-rose-5th-straight-month-august 

Grant Cardone Says Home Ownership Should No Longer Be Part of the American Dream: 'For Most People It's a Nightmare' | GOBankingRates

https://www.gobankingrates.com/investing/real-estate/grant-cardone-says-home-ownership-should-no-longer-be-part-of-the-american-dream/ 

https://x.com/KobeissiLetter/status/1716855910465777734?s=20 

How long it takes to profit on homes in U.S.

https://www.axios.com/2023/10/22/us-home-sales-profit-years 

Watch "Housing Market Predictions: A Big Housing Market Collapse is Coming in 2024 (Margin Call Is Here)" on YouTube

https://youtu.be/5Ryz11u2dl4?si=z9hBEzp2rKQdjUBV 

Existing Home Sales Declined 2.0% in September

https://www.ftportfolios.com/blogs/EconBlog/2023/10/19/existing-home-sales-declined-2.0percent-in-september 

https://timesofsandiego.com/business/2023/10/20/more-than-half-of-san-diego-households-must-spend-30-of-income-to-make-rent/ 

Watch "Something Weird Is Happening in the Housing Market" on YouTube

https://youtu.be/iGFDSqQ8O3I?si=VSPuIr7fS1x1w1NF 

CNN: Why the housing market is going from tough to terrible

https://www.cnn.com/2023/10/20/homes/housing-market-challenges/index.html 

(4524) Housing Market CRUSHED by Bond Market Bloodbath! - YouTube

(4524) Housing Market CRUSHED by Bond Market Bloodbath! - YouTube

https://www.reuters.com/markets/us/us-single-family-housing-starts-rebound-sharply-september-2023-10-18/ 

https://www.prnewswire.com/news-releases/california-home-prices-hold-steady-as-high-interest-rates-continue-to-test-housing-market-car-reports-301960763.html 

https://www.pressdemocrat.com/article/business/cities-with-the-fastest-growing-home-prices-in-california-3/ 

Grant Cardone says buying a home is a ‘terrible investment’ — draws on Elon Musk and Warren Buffett’s unique housing situations to make his point. But would the billionaire investors agree?

https://finance.yahoo.com/news/grant-cardone-says-buying-home-110000018.html

The real estate investor received "a lot of hate" for his contrarian take. 

3 REITs Near 52-Week Lows Just Received An Analyst Downgrade

https://finance.yahoo.com/news/3-reits-near-52-week-215226172.html

Analysts often downgrade stocks they feel have run up in price too much or if some bad news comes out that can negatively impact a stock. But it's unusual to s... 

Daily Mail: EXCLUSIVE: Airbnb guest Elizabeth Hirschhorn was kicked out of an Oakland rental two months before moving into

https://www.dailymail.co.uk/news/article-12597887/Airbnb-guest-Elizabeth-Hirschhorn-kicked-Oakland-rental-two-months-moving-Sascha-Jovanovics-Brentwood-mansion-Harvard-grad-overstayed-540-days.html 

"Severe Crash" Looms For CRE Office Towers, Turmoil Lasting Years, Bloomberg Survey Finds | ZeroHedge

https://www.zerohedge.com/markets/severe-crash-nears-cre-office-towers-turmoil-may-last-years-terminal-users-say 

Severe Crash Is Coming for US Office Properties, Investors Say

https://finance.yahoo.com/news/severe-crash-coming-us-office-000003441.html

(Bloomberg) -- Office prices in the US are due for a crash, and the commercial real estate market faces at least another nine months of declines, according to ... 

Watching the Real-Estate Bust From the Streets of San Francisco - WSJ

Watching the Real-Estate Bust From the Streets of San Francisco - WSJ

Post from The Kobeissi Letter (@KobeissiLetter)

The Kobeissi Letter (@KobeissiLetter) posted at 5:44 AM on Fri, Sep 22, 2023:
BREAKING: Average interest rate on a 30-year mortgage rises to 7.75%, the highest since November 2000.

This officially more than a whole percentage point above the 2008 highs.

Mortgage rates are now up 500 basis points in just over 3 years.

The payment on a $500,000 mortgage… https://t.co/O8K2dIE1ST
(https://x.com/KobeissiLetter/status/1705201520101257494?t=GnxME5OiW8bhKzNA1fk-0w&s=03) 

Housing Starts Plunged In August As Renter-Nation Collapses | ZeroHedge

https://www.zerohedge.com/markets/housing-starts-plunged-august-renter-nation-collapses 

Bargain Buys: The 10 U.S. Cities With the Most Homes Priced Below $250K

https://www.realtor.com/news/trends/affordable-homes-under-250000-ten-cities-with-the-most-houses-less-than-250k/ 

Texas property taxes are the sixth highest in the country

https://www.mysanantonio.com/realestate/article/texas-property-taxes-18373859.php 

Housing market: Some sellers taking loss amid return-to-office rules - Deseret News

https://www.deseret.com/utah/2023/9/18/23879288/housing-market-home-prices-sellers-taking-losses-remote-work 

New report shows Florida’s rental market is overpriced | Florida | islandernews.com

https://www.islandernews.com/news/florida/new-report-shows-florida-s-rental-market-is-overpriced/article_e3fdd6a8-56d0-11ee-997b-8fa429b0c67e.html 

'Rich Dad Poor Dad' author Robert Kiyosaki says Airbnb is set to spark a real estate market crash

https://markets.businessinsider.com/news/commodities/market-crash-rich-dad-poor-dad-robert-kiyosaki-real-estate-2023-9 

"Getting Cold Feet": Rising Home Contract Cancellations Hits 10-Month High As Affordability Crisis Worsens | ZeroHedge

https://www.zerohedge.com/markets/getting-cold-feet-rising-home-contract-cancellations-hits-10-month-high-affordability 

Disturbing Trend For Real Estate Investors: Homes Sold At A Loss, Numbers Not Seen Since 2016 — But This Booming Alternative Is Open To Anyone

https://finance.yahoo.com/news/disturbing-trend-real-estate-investors-130711393.html 

San Francisco’s ‘real estate apocalypse’ has the attention of billionaire MacKenzie Scott—just look at her latest donation | Fortune

https://fortune.com/2023/09/11/housing-affordability-mackenzie-scott-san-francisco-donation/ 

The Motley Fool’s Best Tool for Real Estate Investment Costs Just $1.90 Per Week

https://spy.com/articles/lifestyle/personal-finance/the-motley-fool-real-estate-winners-1202978253/ 

Apartment Rents Teeter On Negative Growth As Supply Set To Surge
https://www.benzinga.com/economics/macro-economic-events/23/09/34372138/apartment-rents-teeter-on-negative-growth-as-supply-set-to-surge 

How Airbnb ‘Bans’ Could Affect Home Prices and Rentals | Money

https://money.com/airbnb-bans-affect-housing-market/ 

Billionaire Floridians pay up to $622K per year in home insurance

https://nypost.com/2023/09/07/billionaire-floridians-pay-up-to-622k-per-year-in-home-insurance/ 

San Fran Is Officially America's Worst City: 1 In 8 Home Sellers Lose Money With An Average Loss Of $100,000 | ZeroHedge

https://www.zerohedge.com/markets/san-fran-officially-americas-worst-city-1-8-home-sellers-lose-money-average-loss-100000 

Redfin: Asking Rents Inch Closer to Record High | Florida Realtors

https://www.floridarealtors.org/news-media/news-articles/2023/09/redfin-asking-rents-inch-closer-record-high 

Elderly couple evicted from long-time home after son unknowingly transfers ownership | KBOI

https://wpde.com/news/nation-world/elderly-couple-evicted-from-long-time-home-after-son-unknowingly-transfers-ownership-fresno-california-eviction-notice-non-english-speaking-gofundme-social-security-housing-market 

Housing Market Gets More Bad News Amid Inventory Struggles

https://www.newsweek.com/housing-market-gets-more-bad-news-inventory-struggles-1824606 

Watch "(BIG) PRICE DROPS AHEAD! REAL ESTATE ON THE BRINK" on YouTube

https://youtu.be/SQpaSM-zHlU?si=SGnR-eeqAFwDkRtQ 

Grant Cardone says buying a home is a ‘terrible investment’ — uses Elon Musk and Warren Buffett’s unique housing situations to make his point. But would the billionaire investors agree?

https://finance.yahoo.com/news/grant-cardone-says-buying-home-110000018.html 

It's Not Just Warren Buffett: Other Billionaires Are Betting Big on This Industry, and You Can, Too | The Motley Fool

https://www.fool.com/investing/2023/08/27/its-not-just-warren-buffett-other-billionaires-are/ 

US Existing Home Sales Weakest July Since 2010 | ZeroHedge

US Existing Home Sales Weakest July Since 2010 | ZeroHedge

This millennial is priced out of the Los Angeles housing market—now he’s worried he’ll get priced out of Bakersfield too

This%20millennial%20is%20priced%20out%20of%20the%20Los%20Angeles%20housing%20market%u2014now%20he%27s%20worried%20he%27ll%20get%20priced%20out%20of%20Bakersfield%20too%20%7C%20Fortune

I Left California To Save Money: 5 Mistakes That Cost Me More Money Instead

I Left California To Save Money: 5 Mistakes That Cost Me More Money Instead

Home Prices Are Plummeting The Most in These US Cities

Home Prices Are Plummeting The Most in These US Cities

Asking Prices Reach Record Highs In Brooklyn: Study | Brooklyn, NY Patch

Asking Prices Reach Record Highs In Brooklyn: Study | Brooklyn, NY Patch

Can Affluence and Affordable Housing Coexist in Colorado’s Rockies?

Can%20Affluence%20and%20Affordable%20Housing%20Coexist%20in%20Colorado%u2019s%20Rockies%3F