All Forum Posts by: Stephen Stokes

@Iva Kadagidze show this post to your pops.

@Edward Pham I use Texas ProTax on all of my properties and they do a phenomenal job. Check them out https://texasprotax.com/

@Daniel Chappell there is a 1% deal in Kyle listed on the MLS right now.

@Michael Bennett

Austin is in line with the current market conditions so there is no data confirmation to point to Austin being any more resilient than the rest of the USA or the world for that matter. In fact there are 101 metros that have lower default rates for FHA loans including but not limited to Panama City, Lancaster, Knoxville, Reno, etc.

 There is a link at the bottom of the article to download the raw data on the largest 169 MSA's.

https://www.aei.org/nowcast-10...

@Neil Narayan no sir I am not selling anything as I am a cash flow investor. I am also not out bidding $50k over asking either and ignoring the true underlying fundamentals of the market place that is being driven by printed money and artificially low interest rates.

I was merely pointing out a fact on the fundamentals of the market. Almost 1 in 5 homes in Austin area that are financed by a FHA loan being in default does not make for strong market fundamentals by any measure of historical assessment. We are also hovering around 6% unemployment as well last time I checked the data.

Real data is informative and useful to the experienced investor. Useless fluff is just that, fodder for the foolish.

@Neil Narayan so resilient yet 17% of Austin FHA loans are in default. Yet everyone will keep drinking the kool-aid without looking at real fundamental issues.

@Daniel K. Robber Barrons rob the working class through taxation / government coercion.

https://newrepublic.com/articl...

https://www.latimes.com/busine...

https://www.cnbc.com/2018/10/2...

https://www.marketwatch.com/st...

https://www.newsmax.com/Newsfr...

@Nina Hayden

Elon Musk is nothing but a modern day robber Barron.

maybe that silly guy should build some houses.....oh yea the government is not taking taxpayer money and willing to give to him to build houses like they do for his cars.