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Get Rich Education

Real Estate Investing with Keith Weinhold



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Housing Crash Imminent? and 18 Life Lessons

• 34 min

“How long are you going to wait until you demand the best from yourself?” -Epictetus I share 18 lessons with my 18-year-old self.  #2 is: Don’t fear being different. That’s your advantage. #4 is: No one cares about your college grades. #14 is: Finding the truth is more important than being right. #17 is: What does life want from you? National median home prices eased from June to July—from $414K to $404K.  Homebuilders are in a recession. However, available housing supply is still low and demand is high. Almost every human is forgotten in four generations. Is a housing price crash imminent? You get a clear “yes” or “no” answer. The NAR says that today’s first-time homebuyer is: 33 years old (oldest ever), $86,500 household income, $252K median purchase price, 7% down payment, and 37% carry student debt. Average size is 1,640 sf. If you’d like to advertise with us, visit:  Resources mentioned: Show Notes: Median sale price eases: Median US house price historic chart: Get mortgage loans for investment property: or call 855-74-RIDGE  or e-mail: JWB’s available Florida income property: or (904) 677-6777 To learn more about eQRPs: text “GRE” to 307-213-3475 or: Available Central Florida new-build income properties: Analyze your RE portfolio at: (use code “GRE”):  Best Financial Education: Get our free, wealth-building “Don’t Quit Your Daydream Letter”: Our YouTube Channel: Top Properties & Providers: Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold   Today’s episode transcript:   Welcome to GRE! I’m your host, Keith Weinhold. Learn 18 profound life lessons I’ve learned that I wish I could share with my 18-year-old self… and… has the time come?    After the looong & sometimes steep housing price runup, is a housing price crash finally imminent? And what’s the future direction of the housing market? Today, on Get Rich Education. ___________________   Welcome to GRE! From Red Deer, Alberta to Red Rock State Park, AZ and across 188 nations worldwide… I’m Keith Weinhold. THIS is Get Rich Education.   The voice of real estate investing… 412 weeks in a row… since 2014.   I hope that you’re having a great week!   You know, I have seemingly been a late bloomer in almost every way in life that you can conceive.   But as some say, “many people never bloom at all”. Alright, well enough. But look…   I was almost 18 years old when I graduated high school, just like - perhaps you - and many people are. But I looked like I was 13 then.    I was among the very last in my class to experience puberty there at Coudersport High School, Pennsylvania.    This is one reason that I could not attract a high school girlfriend or get a prom date. Even though… I asked a girl to prom and she said “no”.    As underdeveloped and impressionable as I was then, here are 18 lessons that I want to share with my 18-year-old self.   I wish that I could share these lessons that I’ve learned now with my 18-year-old self:   You Know Nothing. But You're Not Alone. You have so much to learn, 18-year-old Keith. So don't act like you know it all. Society actually likes when you're genuinely inquisitive and want to learn.   What about you? Can’t you sense when someone acts like a know-it-all? It’s not something that you want to be around. Back to advising my 18-year-old self.   Don't Fear Being Different. That's Your Advantage. In high school and e

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