Real Estate Expert Answers Your Housing Questions

I heard in the previous section, you were talking about the guy who knew when Jesus was coming back and he was sitting on his boat.

Yeah.

That's like the buyer waiting for rates to come down.

Okay.

So, you know, if you know when rates are coming down, you give me a call.

You let me know.

I don't think anything's going to change for a long time because of the amount of debt the country has.

The rates are built off the treasury bills.

The treasury bills are who the government is borrowing money from.

Countries, institutions, I have T-bills, and they've guaranteed to pay me a certain amount.

The 10-year treasury is what sets the market.

And so you take the 10-year treasury, you add 2%, and you'll get a 30-year mortgage.

So like right now, it's 4.6. And so you're going to go and get a mortgage.

A 30-year mortgage would be 6.8, and a 15 is... you know, five, seven.

So if you wait, I'll say this.

I have never had anybody in my real estate career say this ever.

I'm glad I waited.

What the typical thing is, man, I could have bought that house down in Cool Springs for 300 grand and a packet of peanuts.

And now it's worth a million, you know, and I didn't.

And that's all you ever hear.

You hear stories of regret.

Never have I heard anybody happy they waited.