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What Happened Last Year!
Manage episode 407409048 series 3559923
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This week we have just Burl and Stacey addressing what in the world happened in real estate last year.
Burls Year In Review
Started out hot but it has mellowed out
The interest rates are up and that slowed up the buying rate.
It caused people to stop wanting to buy so high over the asking price. So the market has stabilized a bit and now people are starting to buy again
safe cash period
A lot of government handouts
Lots of opportunity
A re-emerging of the 80/20 rule in financing
Stacey Take on The Year 2022
People are now going to pay closer to fair market value
The Need for Assets even in a down economy
The Flip House
Starting to invest in unique areas
The interest rate dipped slightly
What's going to happen in 2023
Save money
Read a book: The Goal by Eliyahu M. Goldratt
Invest in yourself
Talk finances
Learn to live below your means
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