What is going on with the market right now?
A Little Increase That Just Won’t Hurt Much
So the Fed just raised interest rates, they just met last week, they just raised the interest rate a little bit. They only raise it in small chunks at a time. Very, very small, a quarter point here, quarter-point there. It really isn’t enough to make a huge dent in what you’re paying. So people will get freaked out a lot because you know, some of the older generations they saw 15, 13, 17 percent inflation, interest rates, things like that. So they get spooked in a way and then it’s kind of filtered down to the younger generations. But truthfully we’re talking, you know, a couple of dollars a month here and there and stuff like that. So it shouldn’t be enough to keep you out of the market if you are looking to buy a home.
Prices of Home Increase
What should be keeping on the market is prices, prices of homes. Prices of homes have been soaring over the last couple of years. We’re seeing all-time highs. We are seeing home prices that we have not seen since before the recession since 2006, 2007, beginning of 2008. So those are the things that really need to be talked about. Again, this is our Tuesday video where we do our macro look at what’s going on in the world. I get a lot of people, a lot of people know that I’m not some huge guru and I’m just not. But I do study this stuff a lot. I’ve been studying for 10 years. I put my money where my mouth is. I invest in the things I talk about and I just really enjoy studying currency and history, money history, things like that.
So, I do study this stuff all the time, whether it’s gold and silver or whether it’s the Federal Reserve and the history of the Federal Reserve. Great book as ‘The Creature from Jekyll Island’ is a great book. There are also some great books. I don’t have them on top of my head, but they’re not unbelievable reads by any means. But if you’re interested in just secret societies, things like that, and just kind of who runs the world and who rules the world, there are some great books which they’re basically about secret societies, I’ll go look those up. But I’ll try to put some links in here because I actually have to go grab the names myself so I can go get those books and check them out.
Focus On Things That Matter
But that’s the questions I get asked. I get asked a lot about just the market and what I think the economy is doing. It’s not just because I talked about these things all the time where I studied them all the time. It’s because I’m a realtor and the reason that I love talking about this stuff all the time, it was because I’m a realtor. It’s part of a realtor’s job to know what’s going on as a realtor or a real estate professional whether it’s an investor or a real estate agent, whether you’re in the title, if you’re in some insurance, whatever it is. If you’re in some type of real estate industry, you need to know what’s going on in the market. People are going to ask you, people are always curious. They’re always wondering as much as I would love every person in the world to be up on their currency history and their monetary policy and fiscal policy and what’s going on, it’s just not reality. You know, Kim Kardashian’s always going to take precedence over those things. Unfortunately, that’s partly why we’re in the trouble we’re in. Maybe some would say more than partly and maybe it’s a lot of the reason we’re in trouble we’re in because we tend to, as human beings want to take the easy way out. We want to go do what’s expedient, what’s fun and go watch Kim Kardashian or go watch a music awards show and things like that or a sporting event and, and we’re all guilty of that to some degree. It was just interesting because 10 years ago I watched as I was a college senior at Michigan State University and I remember watching the market do this and just take a nosedive. I remember at that point I’d always been interested in real estate, currency and money and things like that and really struggled with the school system and didn’t understand why the school system was the way it was, why we are learning, what we’re learning just didn’t seem to make any sense to me.
Playing Business Like Sports
I didn’t know how I was going to apply it to any of my life. At that point I, I’m graduating college, I still didn’t know what I wanted to do with my life and I’m watching the market nosedive and no one seems to know what’s going on. So I mean, it’s just really kind of hit me and struck me in. At that point, it just became a mission where it was, you know what? I’m going to be studying this. I’m going to learn this. I’m going to understand the game of money, why it works the way it does. It’s a game to me, I’m super, super competitive. I was very fortunate obviously to play a long time in the game of hockey and play at very high levels and was because that competitiveness, I take that now into what we’re doing now and wanting to win at the game of money and wanting to help other people. The coolest part is hockey, I don’t want you to win. I want to beat you. I want to hammer you, I want to take you out. That was my job as a hockey player. Now it’s cool because the roles reversed. I now get to study, study, study before shooting, pucks, shooting, pucks, working out, working out, shooting pucks, skating, skating, working out, eating healthy, eating healthy. You shooting, pucks, working out. Now I get to study these things and bring them to you. I get to bring them to other people and, and hopefully bring people value and help other people learn things I’ve learned. Again, by teaching other people, it helps me reinforce the things I’ve learned.
I’m really grateful for those of you that watch this and spend time with me. I really am appreciative because I do a lot of it. I love giving back. I love whether it’s in my office, whether it’s at my home, wherever it is, giving value, spending time, taking time out of my day to give back to those of you who work with us, those of you who trust our company to help you buy or sell a home, to help you get financial advice you need, to send you vendors that you need, whether it’s an appraiser or an inspector or a contractor. I really, really appreciate you. It’s one of those ways that we can give back. I like to give back to all of our friends and family, our clients, and hopefully, provide some value to you that way you can make decisions and point you in the direction to make good decisions for you and your family.
So I appreciate you more than you know, and I don’t say it enough and I really, really do. I appreciate your time, your energy because it’s the most important thing we have. We don’t get any more time or energy back, so I really appreciate that more than you know and more than anything because I know how important it is because believe me, we have at times we have too many things going on at once. I like to spread myself too thin sometimes and it’s not good and I realize the importance of time. So, and we all do that. We all do really tend to spread ourselves too thin in this world we live in now because of technology. It’s great and it’s bad, right? It’s positive and negative. We can do a lot more but also spread too thin. So try to find that balance. I’m trying to find that balance as well. If you have any tips, please let me know. But I appreciate you guys a ton and I look forward to you. We get tons of direct messages, emails, texts. I see people in person and we talked about stuff. But if you do have comments, questions, concerns, whatever feedback, please throw it in here into the comments. That way we can have a discussion here together. Appreciate you guys. See you soon.