736: BiggerNews: Mortgage Rate Mayhem and New Rules That Could RUIN BRRRR
In this month’s BiggerNews, the mortgage rate rollercoaster continues, ChatGPT tries to take your job, Facebook tells investors to get lost, and David discusses his love-hate relationship with Jack in the Box. That’s right, we’ve crammed in all the most important news for real estate investors, including AI realtors, dangerous fast food options, and why buyers and sellers keep pushing down hard on both pedals. David Greene and Dave Meyer will go down the real estate rabbit hole, discussing the most important headlines affecting today’s housing market.
Welcome back to BiggerNews, where we touch on the facts, data, and everything else affecting real estate investing. This time, the Dave duo hits on why mortgage rates shot down earlier this year and what’s causing them to rise again, plus what this will do to buyers and sellers who are waiting to get into the market. Then, we’ll hear how the BRRRR method could be in danger as new mortgage rules make a cash-out refinance far harder than before. Ever thought, “We need more artificially conscious investors.” If so, you’re in luck! We’ll touch on how ChatGPT could allow an influx of sub-par investors to enter the market.
And if you’ve been waiting for a revival of Craigslist, stick around. New rules that Meta (Facebook) announced recently may deal a blow to real estate sellers on the popular platform. Finally, David and Dave will give their take on Biden’s new “Renters Bill of Rights,” which could create more protections for renters but with the side effect of rent control for landlords. All these stories could have SERIOUS impacts on the housing market. Whether you’re an investor, realtor, renter, or homeowner, this is news you need to know about!
In This Episode We Cover:
Mortgage rate updates and what’s causing the interest rate volatility affecting investors
New cash-out refinance rules that could make the BRRRR method even more challenging
Why Meta is cutting support for real estate sellers (and what this means for off-market investors)
The Biden Administration’s new renter bill that could create housing markets dead zones for investing
Chat GPT’s opportunity for investors and how it could harm those that are running the best real estate businesses
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Hear Dave on the “On the Market” Podcast
Subscribe to the “On The Market” YouTube Channel
2023 Mortgage Rate Outlook: Could Rates Drop?
Biden’s “Renters Bill of Rights” Is Here — Is Nationwide Rent Control Coming?
How to Succeed in Real Estate Investing Using the BRRRR Method
Why Rent Control Doesn’t Work - Freakonomics
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-736
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