2131: Real Estate BLOODBATH, NAR Settlement, Massive Changes, Building Generational Wealth: The Life Plan Blueprint with Bill Faeth

Jason discusses the unique characteristics of the US real estate market compared to other countries, focusing on mortgage market composition. He highlights the dominance of long-term fixed-rate mortgages in the US, contrasting them with variable-rate mortgages prevalent in other countries like Finland and Australia. He also touches on the impact of a recent settlement by the National Association of Realtors (NAR) in an antitrust lawsuit, predicting changes in the real estate industry, including potential industry-wide consolidation and the role of loan officers. He emphasizes the importance of this development for both industry professionals and consumers.

Jason then welcomes Bill Faeth as they talk about Bill's entrepreneurial journey and his approach to creating wealth. Bill shares his experiences of founding 31 startups, dealing with different personalities in business, and the importance of aligning work and life. He emphasized the need for a mindset shift towards integrating work and life, and the need for intentional alignment with one's spouse. Bill also discussed the influence of a Fortune 500 CEO, on his life who introduced him to the concept of a life plan. He stressed the importance of being present in his life, especially with his family, and talked about auditing his success as a parent.

https://www.billfaeth.com/

#RealEstate #USMarket #Mortgages #NARSettlement #IndustryConsolidation #LoanOfficers #AntitrustLawsuit #HousingMarket #Investing

Key Takeaways:

Jason's editorial

1:29 The special US real estate market

6:55 NAR $418M Settlement

13:51 Find buyers before agents

16:12 A chance for consolidation

19:23 Get on the waiting list for the upcoming Empowered Investor Cruise

Bill Faeth interview

20:27 Have a "life plan"

28:43 The angle of money and the idea of "enough"

31:27 https://resimpli.com/Jason/

35:21 Why real estate

39:01 The future of real estate and timing the market

 

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