Jon Brooks
@jonbrooks
Florida Housing Expert 🔥Think BIG, Question Everything Substack 🚀 $2.5B+ & 8,000+ units sold since 2020
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From one of the GOATs... "buying and holding real estate is not an effective investment strategy in our current economic environment"
My view is that buying and holding real estate is not an effective investment strategy in our current economic environment, for a few reasons. 1) Real estate is more interest rate sensitive than it is inflation sensitive, so given our current circumstances it is likely to go…
The game is totally different now than it was 40 years ago. The ratios of prices to wages making is 3-4x tougher.
Boomers would rather destroy the American dream for their grandchildren than watch their stock and real estate decline by a few percentage points Let that sink in
8 years ago my Christmas was spent answering the phone to sell houses. I was addicted to Realtor and Zillow leads — and yes many people inquire on Christmas and expect you to answer. Half the day I would drop what we were doing. That sacrifice sucked, but looking back it was…
That’s a lot of debt Our government needs interest rates to come down
The $9 Trillion Question: Who Will Buy the Debt When It Comes Due in 2026? open.substack.com/pub/metalsandm…
So true: “I wanted to get independent”
Charlie Munger: "If you just get up every morning and keep plugging [away] and have some discipline and keep learning, it's amazing how it works out okay." "I did not intend to get rich — I wanted to get independent — and just overshot."
Just went out and bought $100 of powerball tickets Anyone else do this? What would you do with the money?
Healthcare is really becoming just as big as housing and utilities Anything the government touches It torches Stop getting involved and let housing and healthcare reset
“date the rate, marry the house” people used that slogan irresponsibly The premise only works when: 1) prices continue going up 2) buyers maintain their jobs & income 3) rates go low enough to where it financially makes sense to refi Just sloppy work. Change my mind. Don’t…
Zillow says home prices go UP from here. +2.0% over the next year. Question isn’t “are they right?” It’s what breaks first: prices, rates, or buyer psychology?
Extend and pretend
Banks have been doing this with commercial real estate and a whole bunch of toxic assets since 2022. What’s worse is regulators even know about it but they choose to turn a blind eye to it not to prick the biggest financial bubble in the history of mankind.
I was told not to move to a new city I was told not to quit my W2 I was told not to get into real estate sales I was told not to buy single family rentals I was told not to open my own brokerage I was told not to do private lending I keep being told what not to do and then…
The intern at the DOJ is getting feisty
Because the law requires us to release all documents related to Jeffrey Epstein in our possession so that’s what we are doing, you dope. Are you suggesting we break the law?
Luxury apartments aren’t driving rents up. They’re pulling them down. When high-income renters trade up, older buildings are forced to cut prices. Supply works.
They feel that the government doesn’t care about them They have a harder time getting a good job And the cost for necessities and shelter relative to their wages are just out of control What’d I miss?
The younger generations are so disappointed and frustrated by the state of the housing market they are spending more of their earnings than they are saving, they’re working less, and they’re making risky investments, per YF.
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