Deborah Pardes

@DBPardes·2mo ago·2:21

WHAT’S UP WITH THE HOUSING MARKET? Crazy times. Ondy Sweetman - help us out!

BusinessAdviceMoney

"…Wow. When you get into a conversation with people about housing, it's all bets are off. We ask all sorts of questions to to each other that sometimes might even seem rude, like, what do you pay and what's your mortgage? And do you have a long lease? And all these questions that kind of aren't sexy at all.…"

What’s the dream all about? Ondy’s IG https://s.swell.life/STC3YpiJthbTihZ

14

Ondy Sweetman

@Ondy · 2mo ago · 5:00

"…And so what happens with supply and demand is you have a shortage. So we have a short supply of homes. And this goes for renting, the rental market, as well as the buying market, the landowning market. You have a shortage of homes, it's going to increase demand, and therefore it increases the price of everything. So rents go up, the costs of homes go up. And then it happened at the same time.…"

Ondy Sweetman, a Realtor serving the greater Los Angeles region. You can reach me at ondy@moonrealtyca.com I’m here to honestly help you!

5

Ondy Sweetman

@Ondy · 2mo ago · 5:00

"…You can buy at this, at the rates that are now, and then you can refinance when they drop. So the best thing to do is thinking about where you want to live, finding your home, and then deal with whether or not of course, whether or not you can afford it or not. That also comes into play. However, while there are huge regulations on mortgage lending, they're also safer than they were in 2007 or before 2007 when the mortgage crisis happened.…"

#realestate #nofear

3

Deborah Pardes

@DBPardes · 2mo ago · 0:56

"…Wow. Ondy. I feel like I just got, like, a 101 in real estate life. It really comes down to some Lego blocks that you move around and understand each of those blocks as an aspect of of the buying experience, and your clarity around it is so amazing for a lay person like me. So thank you for your generosity. It was really cool to listen. Also, the whole fear mongering stuff is really you're absolutely right.…"

@Ondy

4

Deborah Pardes

@DBPardes · 2mo ago · 1:24

"…Hey, I want to follow up this question with another question, by the way, while I'm thinking about it, and please forgive the sound quality of that last reply. I'm no longer in the wind and the elements, which is when I asked the question about whether we should buy or rent, and the questions you ask people and what we should ask ourselves and how you navigate that, can you explain also a little bit about people's perception of realtors?…"

Trusted advisor…

4

Ondy Sweetman

@Ondy · 2mo ago · 4:49

"…And once you have enough equity in a home, if you ever run into financial hardships, worst case scenario is you pull out a home equity line of credit from that house and that will allow you to kind of weather ups and downs in the economy. I also encourage people to think about if they're first time homeowners. I really encourage everybody to think about duplexes or homes that are house with the house behind it so that they can rent out adu's, like I mentioned earlier today.…"

@DBPardes #realestate #nofear

3

Deborah Pardes

@DBPardes · 2mo ago · 1:33

"…And I think I know the answer to that. But can you take us through the thought process of when you should buy? If you haven't bought, and you're in a market that's very expensive, do you buy something in another state just for income as a property owner, and then you rent it out? Or is that just too much responsibility?…"

@Ondy

3

Ondy Sweetman

@Ondy · 2mo ago · 4:47

"…The cost of real estate has gone up pretty much in every single state and it's inflated. We're going to see possible, like, crashes in some areas that have inflated beyond what the actual quality of living is. The market value is going to go down. Especially. There's a lot of cities. If you Google it, you can find out which ones exactly. But yeah, I think it's the best thing to do is to park your money in real estate.…"

@DBPardes #realestate #nofear

3

Swell Team

@Swell · now · 0:15

Welcome to Swell!

Deborah Pardes

@DBPardes · 2mo ago · 1:04

"…Andi I just want to say out loud here that I can't not wait for you to just swell more regularly here to be a resident expert in this field and build your swell cafe best in terms of very faqe kind of things, I've learned so much in this conversation and I really can't wait to try to buy something with you. It's very exciting.…"

@Ondy🙌🙏🌱

3

Ondy Sweetman

@Ondy · 2mo ago · 2:55

"…Everyone will eventually get sick, so you're always going to need a doctor, maybe even more so. Everyone needs a place to live, whether you're a renter or an owner. And the way to go is always to find a way to become an owner or a real estate investor. Even in times like now, the time to do it is if you can do it is to get in the market. Now, you can always refinance when rates drop. There's creative ways of doing it.…"

@DBPardes

2
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