Michael and Jason discuss a potential surge in mortgage rates to 7.5%, a shift they believe will severely impact housing affordability and market transactions. They predict that while high rates hurt flippers and wholesalers, "buy and hold" investors can benefit from rising rents and less competition from buyers. They highlight a brewing commercial real estate crisis, specifically in office and multi-family sectors, where a lack of liquidity may force massive foreclosures. Despite these challenges, Jason views single-family rentals as a resilient "least worst" investment compared to an overvalued stock market. Ultimately, Michael shares his strategy of using cash reserves to make aggressive offers on distressed properties during this anticipated period of market volatility.
Key Takeaways:
0:00 a fundamental change in the risk profile
10:12 Midterm elections and the interest rate
11:14 Resets in commercial real estate
16:04 A dog called T.I.N.A. and looking for the deal-of-the-year
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