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This is DEVASTATING news for the economy
In this video, we’re going to talk about the pent up demand for housing in the US. Then, I’m taking three of your excellent questions on leveraging a HELOC to buy assets, house hacking a full-service rental property, and ways to buy gold and silver.
How to Determine the Best Way to Utilize Your HELOC
Personally, I’m a huge fan of utilizing your home equity to buy assets. In my opinion, real estate is one of the best asset types to leverage, because you’re using the bank’s money to add to your net worth column.
Choosing an asset (or asset type) is all about the numbers. My friend and mentor Robert Shemin always says that if the return is higher than your interest rate on your loan, then it’s a good deal. I would suggest running the numbers before making any final decisions.
What to Consider About House Hacking
House hacking is an incredible way to get started investing in real estate. The biggest determining factor is your financing method. Certain loan types are favorable for house hacking, while other methods (like self-directed IRA investing) are not a fit. If this is something you’re seriously interested in, schedule a free call with my team to learn more.
The Best Ways to Get Into Gold and Silver
There are a few different ways to invest in gold and silver. It just depends what type of strategy you’re interested in. Here is a resource I can recommend: Lear Capital:
Morris Invest:
Corporate Direct:
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#morrisinvest #claytonmorris #economy
About Clayton Morris:
As a financial news host and real estate investor, Clayton Morris believes that everyone has the right and the ability to achieve financial freedom – and works to help others to know how to do so. Clayton founded Morris Invest that builds portfolios for their clients and guides them through the buying process, ensuring cash-flowing investments. In his podcast, Investing in Real Estate with Clayton Morris, he offers specific and actionable ways to have financial security and to build a meaningful life. Clayton Morris co-hosts Redacted with his wife, Natali, bringing you news you won’t hear on major networks.
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals….(read more)
LEARN ABOUT: Investing During Inflation
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
The COVID-19 pandemic has left a mark on the economy that may take years or even decades to recover from. As businesses close their doors, millions lose their jobs, and families struggle to make ends meet, the devastating impact of this pandemic has become clear. Unfortunately, recent news from Morris Invest has exacerbated this already dire situation even further.
Morris Invest, a real estate investment company, has announced that they will be reducing their investments and scaling back operations. This news is significant because Morris Invest is seen as a major player in the real estate industry and their decision to downsize represents a substantial hit to the market.
The company’s CEO, Clayton Morris, released a statement that read, “The decision to reduce our investments was not easy or made without careful consideration. However, we have had to take a hard look at the current state of the economy and make strategic decisions that we feel are in the best interest of our investors and our company.”
Unfortunately, Morris Invest is not alone in their decision to scale back investments. Countless businesses across the country are being forced to make similar decisions due to the pandemic’s impact. With unemployment rates skyrocketing and uncertainty about the future, companies are hesitant to invest in new ventures and risk losing more money.
This news is devastating for the economy because the real estate industry is a significant contributor to the overall health of the economy. Real estate investment and development creates jobs, boosts economic growth and generates revenue for many sectors of the economy, including construction, retail and finance.
Morris Invest’s decision to reduce their investments sends a clear signal that businesses are not confident in the economy’s ability to bounce back. This lack of confidence can create a downward spiral that further exacerbates the economic crisis.
While this news is undoubtedly a blow to the economy, it is important to remember that it is not too late to turn things around. As we continue to navigate the pandemic and its impact, it is essential that businesses and policymakers work together to find solutions that promote economic growth and stability.
This may mean implementing measures to protect businesses from the worst effects of the pandemic or investing in infrastructure and other initiatives that can create jobs and stimulate growth. Whatever the solution, it is crucial that we act quickly to prevent further damage to the economy.
In conclusion, the news that Morris Invest is scaling back its investments is a devastating blow to the economy. However, we can still work together to mitigate the damage and find solutions to promote economic growth and stability. By taking decisive action now, we can ensure that the economy will recover and emerge stronger from this crisis.
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
They Are printing money without reserves and pretend it can easily be un-done. One day it will all Crash. Mark my word.
Nothing we Europeans can't handle.
Stare Into The Abyss And The Abyss Stares Back” -nietzsche
The United States under Joe Biden said they are going GREEN . The US has turned it's back on OPEC . 80 % of the world isn't going GREEN . The rest of the world is going to dump the dollar . They don't have to purchase oil with our currency . China is OPECs number one customer now , and Russia is their security against bullys . They can not stand up to US by themselves but together they can .
Hey clayton I appreciate your videos this one feels very obscure to me though. You seem to be speaking in terms of we are in a normal financial climate when it’s obvious or not. There’s no easy answers I understand but one piece of feedback is to not use the word inflation as it’s purposely deceptive in its context and meaning. Devaluation of the dollar I feel would be more appropriate even though it’s a mouth full
The problem is Fiat currency is the main tax vehicle. Common people are sheep and dictators like Biden have ultimate power over people. The US & European government system is a kin to a slavery racket.
We have negative population growth, and 29% of the population is over 55. It seems to me that a lack of available housing is a temporary problem. Of course, I have no data on the number of illegals being escorted into the country who may upset that opinion.
Thank you for your videos mate. I Will advice traders especially newbies to have orientation of trading before they get involved in it because the market has been unstable, forget predictions and start making a good profit now because future valuations are all speculations and guesses. when news gets bearish start buying. "Keep it simple" That correction was the best thing that happened me. but all thanks to C. Kevin for his amazing skills for help me to earn 7 BTC through trading chart..
Gmorning Clayton
From Vancouver area Canada.
Insofar as your suggestions 7% is a high mortgage interest rate, in my personal 1st hand experience, buying 1st home as principal residence in 1978, 1st mortgage with conventionally financed, 25% down, rate was considered LOW at 7 3/4%.
However, when renewed in 1982 : house prices rapidly increased very fast, due to money pouring into Canada, mostly from Chine rates skyrocketed to 19 1/2%, and continued to climb above 22% shortly thereafter. Ergo, was paying 1/5th of principal loan amount purely to fund interest.
Needless to say, RE markets capitulated in dramatic collapse, as Asian investors quickly sold properties at hugely inflated values, and put their cash into Canadian T Bill investments paying 20%, doubling their money in just over 3 years, while people who bought homes 2-3 years earlier, were completely wiped-out by RE markets collapsing to values 20-40% lower than when properties were bought.
Purchased 2nd property in 1992, using a Mortgage Broker at 6%, just 2 years before RE market demand exploded, values skyrocketed to insane prices again. Bought house for $157K, invested $26K per renovations and was just wrapping up last few details when markets shot- up to moon.
Put house on market and sold in 3 days for $296K.
Sadly, young couple who bought house had very bad experience. They spent over $75K to pay contractors to build basement suite, then he lost his high paying job, and they could not qualify to renew 2 years later, which unfortunately was at exact time RE markets collapsed, and were forced to sell for apx $220K, suffering well over $120K loss, considering all their payments for mortgage, taxes, contractors and RE Agent fees.
My point is, simply buying RE is no guarantee of future wealth, when pure insanity of both interest rates and market demand spikes and craters VERY QUICKLY.
IMO, and experience – RE investors MUST BE VIGILANT TO KEEP FINGERS ON PULSE, UNDERSTAND WHAT IS CAUSING MARKETS TO BOTH RISE OR FALL, AND BE PREPARED TO SELL WITHOUT EMOTIONAL ATTACHMENTS – SAME AS WITH ANY OTHER INVESTMENT – OR SUFFER CONSEQUENCES
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford
This is planned obsolescence of cash by this administration,how’s that Biden war against Americans working for you
The goal of banks is to make money and make people poor. Nothing new here. If one looks into it, one discovers that banks are heavily involved in sex trafficking, but the schmedia won't report this because they are heavily involved in that too.
But remember gold can be sold everywhere on earth. Real estate only can be so to who wants it..
Hello, banks are going on business. Should I still buy a house?
early 80 interest rates 21 percent in Canada , say buy to your home
Making money is an action. Keeping money is behavior. Growing money is knowledge..
I was going to buy until interest rates went up. I decided to just keep renting. Owning requires upkeep and certain risks. . Let landlords take care of it lol
Heck, I'll buy a used RV and live in it if rental prices keep going up too.
CLAYTON— I KNOW YOU PROBABLY WONT SEE THIS COMMENT , BUT IF YOU HAPPEN TO SEE THIS PLEASE READ . Thank you!!!
. Ok so I love yalls show and appreciate y’all’s hard work and dedication . BUT, I just want to throw out there that when someone is asking you a “why?” Question , and you give the answer with the follow up comment “use your brain” , it’s a large deterrent to even want to ask you any questions… not because “oh poor me you hurt ‘my’ feelings” or “being too sensitive “ or whatever…. It has to do with the fact that not everyone is understanding of various economic situations….
Wouldnt you rather someone ask “why” rather than remain ignorant to topic and just continue not being educated on what’s going on around them?!
Seriously … an ignorant/stupid question is one that is never asked.
Just some sage advice from this 41 yr old lady that does love your content .
If you sell a house where do you put the cash
Sell your extra car. Cut expenses in half. Buy a cheap lot and build a mini home. 500 to 800 sq ft. Build it with recycled material as much as possible. Own it.
VA Loan is zero down payment not zero interest.
When gold/silver reaches its (true) price the yields can be 10X and much much more especially in unstable and fabricated situations like now.
If you are confused, the bottom line is WE ARE DOOMED.
Interest rate is currently at 4.75%(8th rate hike since March last year) Inflation at 7% and mortgage rates is at over 7.5% but yet minimum wage remains the same and my retirement portfolio has suffered tremendously these past years, so my question is how do senior citizens retire and live off such unstable economy. The long term game is obviously not for me at this point.
You will own nothing and be happy… mmmk?
Inflation will never be tackled, well, maybe in 20, 25 years but until then good luck owning a car or a house.
Never buy a home with debt! Invest Invest Invest what $$$ you have now and just keep investing it in things that don't cost you interest. It's a slow race but you will come out a winner
Its not that I'm against that Idea but I want to mention that "Karen" doesn't sounds like real human. Also investing in gold does not guarantee you to be fed.
They do this first home buyers as the government want to destroy the family unit they than take control of the kids and when they need men for war they are so angry from the break up and they can let the aggregation out kill the enemy thinking it’s his wife
I just saw an advertisement on Instagram saying with a picture of Elon musk smiling a real advertisement. Saying "one word on tone" that's the advertisement
I wonder what all the scammers gonna do when the bank goes down
Prices are not down in my area….what area are prices down????