Jason HartmanCEO of Empowered Investor and Real Estate Tools

The Life-Changing Move! #shorts #rei #realestate #lifechanging

Name: The Life-Changing Move! #shorts #rei #realestate #lifechanging
Uploaded: 2023-06-05T16:00:14+00:00
Duration: 51 s
Channel: Jason Hartman
Description: In this short monologue, the speaker explains that recessions typically trigger central banks to lower interest rates to stimulate the economy, creating…

5 Jun 2023 · 1 min

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In this short monologue, the speaker explains that recessions typically trigger central banks to lower interest rates to stimulate the economy, creating a repeating cycle of rate cuts. He advises real‑estate investors to always plan for future refinancing and renegotiation of their deals, because the ultra‑low mortgage rates seen during the COVID era (around 3% for 30‑year loans) were a rare, life‑changing opportunity that is unlikely to return in anyone’s lifetime.

Chapters

Kick us into a recession, or more of one, and then they will start to lower rates to stimulate the economy again. And the cycle just repeats and repeats and repeats. That's. That's what's going to happen. So, you know, you want to look at always with the mind that you're going to refinance your properties and renegotiate the deal in the future. I don't think we're ever going to see rates as low as we saw them during the COVID era. For any of you who got those rates, congratulations. Than that is literally a life changing move. The people that got those mortgage rates at 3%, give or take, and lock them in for three decades, that's a life changing, game changing move. Right. But they're gone. And we're probably not going to see them any time again in our lifetime.