San Diego Real Estate: Trump’s Effect on the Real Estate Market

San Diego Real Estate: Trump’s Effect on the Real Estate Market


top of the day to you people it is going to be epic I want to welcome
you to really watch this video this is not going to be a politic something with
politicians simply a video really they set in here and study what’s going to
happen in the real estate specifically so we’re now going to be talking again
about politics of politicians they’re going to be talking about real estate
FYI my name is Joe Corbisiero I am a real estate professional that’s all I
know it’s real estate she asked me about some other stuff such a politics I have
no clue and I don’t want to know I want about real estate because I cannot
change what’s gonna be the outcome but was going to be the problem what
supposedly was going to be the president so again if you guys are tuning in right
now we’re gonna be talking about real estate and how Donald Trump is going to
affect the real estate market that sounds cool I’m excited I’m super pumped
up so a couple of questions here let’s reveal it so we’ll draw on the Trump
they use your real estate to kick-start the economy what do you think as you’re
talking about Donald Trump so but when I came to this country and you don’t try
to be the real estate guru he’s the real estate guru so I’m first only on sports
and realistic goes I’m super excited to see what’s gonna happen this guy’s smart
he owns buildings everywhere you build everywhere it’s got condos apartments I
mean the guys is it G as far as the real estate goes now as you know most of the
presence in the past you’ve always been trying to use real estate as a vehicle
to boost the economy so my question of that like I really think Donald Trump is
going to use the real estate again to boost our economy unless at least trying
to boost the economy so second question we over here what is going to happen to
mortgage rates guess again I did a couple of videos I don’t have the
crystal ball but we know you’re so used to be
we got three and recorded three and a half 3.75 this crap it’s not going to be
like this fo1rever so I don’t you guys you know or you don’t know but last
night the rates went up this morning the rates come back down a little bit again
it’s not because of the elections maybe that could affect a little bit but it’s
because I’m certain these every time there is something that’s in certain in
the world the rates are going to bury so that’s what happened with Rex it in in
Europe so we saw that so the feds are still claiming the fact that you know
the rates are going to go up I believe they’re going to go up we don’t know
when my two cents probably in the next month or two or they’re going to wait
until spring what we’re going to have another you know huge deal with the more
buyers on the market and you know when the real estate actually booms it’s
during spring and summer so is it going to be easier to borrow money i believe
so he wants to regulate the whole deal so it can reboost and then make a more
money accessible to borrowers so we have a better chance to get a mortgage not
talking about what offering 2006 says where they’re giving loans based on your
you know cap I don’t know they were using your cat social security number
whatever that was baloney back then I don’t think it’s going to do that it’s
too smart to make that happen again so I really think don’t trample bit somehow
helping you know borrowers especially the ones you’re like they’re not that be
to buy the 1099 like myself so it will be a little easier to get a mortgage so
I really hope that’s going to happen so a lot of you small business owners can
actually finally get a mortgage and become homework because I bet that’s
your dream that’s the end of the American dream become a homeowner would
you rate the other question is building regulations so that was a statement and
I did a little bit of research apparently twenty-five percent
twenty-five percent of the cost of building a home are associated with the
regulations twenty-five percent that’s a lot of money Donald Trump has been
talking about maybe reduce that regulation costs a super
say because if that happened it’s a huge deal think about it we can have more new
homes coming on the market which means more inventory the problem with being
having here in San Diego is the lack of inventory and in a price range about 500
up to five to six hundred thousand dollars oh say the inventories being I
was a ear today between 1.5 and two month worth of inventory which means is
a seller’s market we don’t have enough homes on the market you know so to
sustain all this so if that happens we go from twenty-five percent cost of
regulations or two percent home builders are going to start investing more money
and which means we’re going to have new development having your developments
we’re gonna have more homes on the market which actually is going to help
us so s pay attention to that that’s going to be a really really key
indicator that the real estate is going to go up it’s going to be a better real
estate market follow us last question what about immigration hear this finish
I’m Italian so you guys know I’m Italian I came here from Italy I work hard I
love America I’m not talking about Greer disagree what Trump is going to see the
wall all the baloney let’s forget about that I’m talking about immigration has
fought investors that come here the United States and invests in the real
estate how many of you have been over bit by an investor that has money in
Canada or Asia whatever the case is who cares what it from but there’s so many
investors that being buying real estate here and use as a rental so that happens
through I want to say seventy-five percent of my clients on my buyers at
one point there were at least a bit you know because because of that because
that they have cash money cash money cash is the king so they’ve been buying
a lot of rentals now if they try to nap the immigration rules and regulations
here that means that’s going to be a little harder from people overseas to
bring the money here and invest in real estate is it going to be a good thing
for you and me I mean as far as I’m concerned I prefer to see more
homeowners in San Diego and the United States then investors so the rentals is
going to up I prefer that you become a homeowner
not John Doe is going to buy ten rentals so you can pay two thousand dollars of
rent so if they’re going to bring less money into the country it means it’s
going to be harder for them to purchase rentals here which means we’re going to
have more homeowners or there’s more chances for you to become homeowner so
you don’t get over bit that’s all I gotta say love you all thank you so much
ciao

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