Yes, the real estate market (and most other markets) are ridiculously hot right now. But that doesn't mean it's time to sit and wait for the correction. The correction very well might not come, at least for a long while.
In the end, the greatest investors know that time in the market beats timing the market. Sure, you should not reach or settle for a bad deal. Now's not the time to get worried if you've gone a few months without finding one. But don't just twiddle your thumbs and wait for 2008 to happen all over again. That is probably not happening.
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The evidence is in and it is damning: The lock-downs didn't and won't work.
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For more, please subscribe to our YouTube channel. Check out our other videos: Don't Just Sit on the Sidelines. Time in the Market Beats Timing the Market What You Need to Thrive in a Volatile Market The One Trait That Separates the Wealthy and Those Buried in Debt Regret is a Choice | How to Deal with Regret When Investing (and with life in general) Action Comes BEFORE Motivation | A Syrios Book Review: So Great They Cant Ignore You There Is NOT Going to be a Tsunami of Evictions | Eviction Moratorium Ending (Eventually) Don't Get Discouraged: How to Find Deals in a Super Hot Market How to Find Your FIRST Private Lender | Real Estate Investing 101 How to Find a Real Estate Deal with No (or little) Money
So a bunch of boomers meandered through the capital building taking selfies for a few hours a year ago on January 6th. A date that, had it not been for the deaths, would have lived in hilarity. Remember, these terrorists make sure to stay within the velvet ropes.
These "insurrectionists" (who left on their own after the coup leader told them to leave while making no attempt to seize the government or hold the capital building and with no real plan to speak of) were clearly on the precipice of taking over 'merica and imposing a megafascist Nazi regime. I mean, watch Qanon Shaman make his move to destroy muh democracy if you can bear to stomach the horror:
In response to whatever the Hell that was, vice president Kamala Harris gave us this:
Here's the money quote:
Dates that occupy not only a place on our calendars, but a place in our collective memory: December 7, 1941, September 11, 2001, and January 6, 2021,
Just for those keeping score, here are the kill counts for the following three events. (Note I said kill counts, so the Japanese pilots don't count for Pearl Harbor nor do the hijackers for 9/11 or rioters for January 6th.)
- Pearl Harbor: 2403 - 9/11: 2977 - January 6th: 0 Unfortunately, Harris is not alone in this delusion. President Biden likened January 6th to the Civil War. The liberal press has been talking about almost nothing else other than Covid and January 6th since, well, January 6th, 2021. For the one year anniversary of this insurrectionary attack on our precious democracy, the Democrats held this utterly embarrassing candlelight vigil:
The media was no better. The Rolling Stone, for its part, took a break from lying about rapes on campus and Ivermectin victims overburdening hospitals to complain that "‘Back-The-Blue’ Republicans Bail on Moment of Silence for Fallen Capitol Police Officers."
Of course, no capital police officers were killed on January 6th. The New York Times lied, errr, made a mistake regarding Brian Sicknick. Of the other three officers who were honored, two committed suicide and officer Billy Evans was killed by black nationalist Noah Green on April 2nd, 2021. So yeah, it would seem this little moment of silence was just a wee bit cynical. And of course, this has been going on for over a year now. Remember Alexandria Ocasio Cortez accused Ted Cruz of trying to "have her killed." AOC was, of course, in a different building a block away. In no way was January 6th a coup or that wonderfully nebulous term, "insurrection." It was just a riot on the capital. Which is bad, because rioting is bad. Four people died, all Trump supporters. Five died if you include Sicknick who had a stroke later that night. Of those, the only one who was killed was Ashley Babbit; who was unarmed and shot from over five feet away while crawling through a window with additional cops both behind and in front of the officer who shot her. Remember when police brutality used to matter? Of course, if January 6th was just a riot, well, who cares? Leftists had been doing that all the previous Summer, including in DC and around the White House. Real Clear Investigations put together a great breakdown , which also include d the 2017 riot by leftists during Trump's inauguration.
Riots are bad and the deaths and injuries are tragic. The rioters who committed crimes deserved to be punished for those crimes. But January 6th was little more than a farce. Not as big a farce as the media's and Democrats' reaction to it has been, of course, but a farce nonetheless.
And that is even if the FBI had nothing to do with the riot, which is something that two pieces by Revolver (here and here) cast a lot of doubt on (as well as a cursory knowledge of the history of the FBI). But this hysteria serves a purpose. Not only does it gin up ratings for struggling post-Trump media conglomerates, but it also allows the feds to pursue what some have called "War on Terror 2.0." Indeed, the surveillance state and police state keep growing and everything I hear about how the January 6th prisoners (none of whom have been charged with "insurrection") are being treated is just awful. So the madness continues. All I can say is that hopefully the blatantly manipulative and over-the-top nature of these lies wakes more people up to the dishonesty of the corporate media and national security state. We shall see.
Back when the OG version of Covid dropped, it was considered sacrosanct that the virus emerged naturally. It was one of those evil "conspiracy theories" to even hint that it may have leaked from a lab and Facebook and YouTube went so far as to censor any discussion of that possibility.
Then Nicholas Wade's 10,000+ word expose blew the lid off of that nonsense. Now most people accept that Covid-19 probably leaked from a lab after a gain-of-function research project (partially funded by the US government) went wrong and leaked from the Wuhan Institute of Virology. Today, the Omicron variant has displaced the Delta variant in many places. Omicron appears much more likely than previous variants to infect vaccinated individuals (possibly more likely than for the unvaccinated in general). Fortunately, it also appears to be substantially more mild. Omicron may be that final "endemic" stage of a pandemic when a virus (usually) mutates to become more infectious and less virulent as would be to its greatest advantage evolutionarily speaking. Either way though, evidence is accumulating that Omicron is, like its predecessor, a human invention that leaked out of a lab. This time, assuming this theory is correct, it was at least a lab working on potential solutions to the Covid-19 pandemic instead of an insane gain-of-function experiment. As PhD data scientist Jonatan Pallesen points out:
Of course, I can't say for certain myself and am no expert on the matter. Perhaps Omicron went from humans to mice then back to humans naturally, as one recent paper suggests. But that also describes a lab leak. Jonatan's case is compelling and it lines up with the arguments of popular Substack medical writers Eugyppius and el gato malo.
It would also, sadly, make sense given the glaring recklessness of the global medical research establishment. If Covid and the subsequent response has proven anything, it would be that. Do You Have a Growth Mindset or a Fixed Mindset? | A Syrios Book Review: Mindset by Carol Dweck12/22/2021
TL;DR: A great essay turned into a mediocre book. You can also read my full review at: https://www.andrewsyrios.com/home/a-s...
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For more, please subscribe to our YouTube channel. Check our other videos: The Dollar is NOT Going to Hyperinflate... But This Will Happen Cryptocurrencies Are Godawful... (currencies that is) How to Invest in Real Estate Out-Of-State (if you must) Why Lumber is So Ridiculously Expensive Right Now Inflation is Already Here All the Ways You Can Finance Buy and Hold Real Estate Why (and How) Real Estate Depreciation Can Make You Money Grading Common Real Estate Calculations: The 70% Rule. The 50% Rule. The 2% Rule. Should You Accept Pets in Your Rental Properties? Everything You Need to Know About Due Diligence How to Succeed in Real Estate with the BRRRR Method How to Buy From Wholesalers | Wholesaling Real Estate A Quick Guide to Lease Renewals | Property Management Covid-19 and the Future of Real Estate Investment and Property Management Equity or Cash Flow? Which is More Important When Valuing Real Estate. Scaling from 50 to 100+ Units How to Scale a Real Estate Investment and Management Company | Interview with Douglas Skipworth How to Find a Great (Investment-Minded) Real Estate Agent Can You Still Find Good Deals on the MLS? / A Guide to Using the Multiple Listing Service
After the Crypotpocaplyse or Cryptogeddon or whatever you call it, it's worth discussing the viability of cryptocurrencies; be it Bitcoin, Ethereum, Litecoin, Dogecoin or whatever altcoin you prefer.
The evidence is in: Cryptocurrencies don't make for good currencies. They are waaaaaaayyyyyyyyy too volatile. That being said, blockchain is a great technology with many exciting applications. And cryptocurrencies have made for good investments. Just be careful with them because they have no inherent value. And for those crypto enthusiasts out there who will counter that "the dollar has no inherent value either," OK sure. But it does have the US government and all the violence it can unleash behind it. So there's that... The Huffington Post has a truly bewildering article up that encapsulates just how insane the culture wars have gotten. The same story has generated some outrage on the right, but in this piece, the author celebrates that "Transgender Swimmer Lia Thomas Is Destroying Records At Penn And Aiming To Make History." The byline quotes Lia Thomas that "Being trans has not affected my ability to do this sport and being able to continue is very rewarding." You think? It's truly amazing that decades ago feminists were fighting to pass Title IX to ensure women had equal access to play sports in schools and colleges. Indeed, they went so far as to demand that the number of spots available for student athletes was proportional to the number of women at that school. (Weirdly, they never bothered to demand there be an equal number of men and women at any given college to begin with, a number that has fallen to two men for every three women.) Feminists went over-the-top with their demands assuming men and women had an equal interest in sports. This lead to a significant reduction in male sports and almost the disappearance of male wrestling as schools had to cut male sports to be in compliance. (Of course, football and basketball were safe.) Now those same activists seem hellbent on abolishing female sports altogether. This seven paragraph article mimics the insanity of much of what I've seen on the "woke left" including constant demands for censorship and even "transitioning" children. But the demands regarding biological males competing in female sports seem next level to me. I mean, just read this, A transgender swimmer on the University of Pennsylvania women’s team continued to smash records in the pool over the weekend. The whole thing is just completely oblivious to the fact that, yeah, you would expect a biological male to do better in sports than a biological female.
Men are bigger and taller than women. Men have thicker tendons and bones. Men have bigger hearts that pump more blood. One study found that "the gender related distribution of hand-grip strength: 90% of females produced less force than 95% of males." A comparison between men's and women's individual records finds that most women's all time records are that of 14 or 15 year old boys. Remember, a 15-year old boys team beat the US women's soccer team 5-2! It's simply absurd to have biological men competing against biological women, even if they take hormone blockers to reduce their testosterone. It's also amazing watching social justice's various victim groups get pitted against each other and see which one comes out the winner. And finally, it's amazing that of all things in the world you would actually expect conservatives to be able to stop, this would be it. And they still couldn't do it. What an absolute farce.
The Fed has made the money printer go brrr like there's tomorrow for over a year now. And without a question, inflation is here and getting worse. But hyperinflation is much, much more than just high inflation, it's a currency death spiral that usually happens at the end of a regime.
The United States is fading as a world power, but it's still the biggest and powerful economy in the world. The dollar is the reserve currency for a reason and the Feds haven't printed nearly enough money to cause it to implode. Instead, we're going to see high inflation with low growth: Stagflation. Get out the disco music, shag carpet and plaid pants because we're returning to the 70s folks.
It was great to see Kyle Rittenhouse be exonerated but it truly was shocking to see how incomprehensibly dishonest the corporate press was. Indeed, their obsession with the integrity of our precious state lines was bewildering to say the least.
Despite endless media regurgitations or misinformation, it all finally came out. Kyle Rittenhouse did not cross state lines, he did not illegally have a gun, he was not driven to the protest and it was not a protest, it was a riot.
But moreover, it was all on video. There is no case against Kyle Rittenhouse, there never was. The only explanations for saying he was guilty is that you were misinformed or are misinforming, i.e. a liar. Kyle was clearly running away both times while being attacked. This is simply not debatable.
Indeed, the dishonesty goes beyond the corporate press. It's hard to find the actual video behind endless corporate press videos that YouTube artificially pushes above the content creators that built the platform, or in this case, the video of the event in question. A video, I should note, that undeniably exonerates Kyle Rittenhouse.
And who did Kyle Rittenhouse shoot? Oh, just a serial child rapist who threatened to kill him and then chased him down and tried to grab his gun, a woman beater who hit Kyle with a skateboard and a thief who pulled a gun on him. In other words, heroes according to New York's garbage mayor:
And actor Mark Ruffalo even came up with a pet name for his favorite serial rapist.
What a farce.
Of course, the biggest farce of all is that the same corporate press who lied through their teeth about Kyle Rittenhouse (and many other things) believe they should have the right to decide what is and what is not censored. Umm, how about we start with you?
Check out my recent interview with Sterling Chapman (live from some classroom I commandeered at the University of Kansas... long story) on investing in single family houses, both individually and as portfolios.
I was very happy with this interview and think you'll enjoy: |
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