Cover art for podcast Real Estate Realities With The RebelBroker

Real Estate Realities With The RebelBroker

444 EpisodesProduced by Robert WhitelawWebsite

Robert 'The Rebelbroker' Whitelaw is a real estate broker and Realtor® in Morgan Hill, California with over 30 years experience! His show discusses some of the best ways to achieve your real estate goals and build wealth for buyers, sellers, investors, entrepreneurs or just real estate watchers - fr… read more

27:03

Why are we trying to create more buyers?

PLUS: Paying Rent On Minimum Wage

Both Chase and Wells Fargo have announced that they will be doing 3% loans - in cooperation with Fannie Mae. The bottom line is that these are moves to create more buyers in a market where there is already too little inventory. Does this sound at all familiar? Well, think back to 2000-2005 when through subprime lending, more buyers were being created in a market that already had too many buyers. The results are something we are all familiar with. How this comparison escapes the experts at the big banks and Fannie Mae is a mystery to me. 

There is also an article out that declares that if you are earning minimum wage, you cannot afford the rent of a two bedroom apartment. I have news for you, when I earned minimum wage, I was NEVER able to afford ANY apartment on my income. That is why there are room mates.  In my first two bedroom apartment, I had three room mates. How is this news? Honestly, it feels like a more political attempt to have people assume that a minimum wage should equal a living wage. We will take some time to chat about that.

Finally, pending sales reach their highest point since the downturn, we will take a look at that and see if there is anything more interesting to learn from this info.

To participate in this weeks poll or find links to the stories covered in todays show, check out the show notes at http://www.therebelbroker.com

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