349: Rent vs. Price Relationship, House Prices 1963-Present

Rent vs. Price Relationship, House Prices 1963-Present

Learn the housing price level every year from 1963 to present with an entertaining retrospective – from $18K to $372K.

Top takeaways over time: 1) Real estate usually goes up. 2) Real estate does not always go up.

Housing rents and prices often correct toward each other.

Home prices are rising globally. The highest: Turkey, New Zealand, Luxembourg, and Slovakia. Some of the lower rises are in East Asia.

Canadians can hardly believe that Americans get 30-year fixed rate mortgages, 1031 Like-Kind Exchange.

Redfin CEO Glenn Kelman believes that high housing demand is cooling off and the market is normalizing.

Building a home has never been more expensive.

I cover a case study for you about how new-build Boise single-family ranch homes had a sale price increase of $472K up to $747K over the last two years.

Your tenant is probably doing better this year than last. Unemployment is down to 5.8%.

Rent amounts are more stable than home prices.

I draw the line. Current rent vs. own dividing lines are 0.7% RV ratio and $250K purchase price.

You can still find decent $100K – $150K properties in: MemphisLittle RockCincinnati and Dayton.

Resources Mentioned >

Resources Mentioned: Median New House Prices (Census, HUD): https://fred.stlouisfed.org/series/MSPUS | Bloomberg: Global Home Price Rise: https://www.bloomberg.com/news/articles/2021-06-03/global-home-prices-rise-most-since-2006-fueling-bubble-concerns | Music samples used with permission. | Get mortgage loans for investment property: RidgeLendingGroup.com | JWB’s available Florida income property: www.CashFlowAndGrowth.com | Ali Boone’s Recommended Book: https://amzn.to/2NsMVlF | EQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co | By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. | Best Financial Education: GetRichEducation.com | Get our free, wealth-building “Don’t Quit Your Daydream Letter”: www.GetRichEducation.com/Letter | Top Properties & Providers: GREturnkey.com | Follow us on Instagram: @getricheducation | Keith’s personal Instagram: @keithweinhold

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