CW 939 - Crystal Ball Forecaster Barry Habib of MBS Highway Zillow & Pulsenomics

Jason starts today's show with some final notes about Meet the Masters. There's some things you need to know in regards to availability after the event, and social media opportunities at the event.

Then Jason talks with Barry Habib, renowned mortgage industry executive and founder of MBS Highway, about what to expect in the mortgage world in 2018. The two discuss why the media doesn't seem to get real estate, why real estate appreciation doesn't have to match stock market appreciation, mortgage tax deductions, and how the Roe v Wade decision actually impacted a housing bubble.

Key Takeaways:

Jason Intro:

[9:22] Jason will no longer call California the "Socialist Republic of California", but Californians have one person they really need to lean on for relief

Barry Habib Interview:

[14:18] Is Barry still bullish the US real estate market?

[18:23] The power of leverage, when a 6% return can dwarf 20%

[22:12] The interest you pay for your house goes to the lender, but the principle is STILL YOUR MONEY

[24:37] How much Barry expects mortgage rates to rise in 2018, and how it impact appreciation

[25:42] Why aren't people taking the mortgage tax deduction?

[27:23] The bullish sentiment is the highest it's been in about 20 years

[31:33] How Roe v Wade led to a housing bubble

Website:

www.MBSHighway.com

"Builders are not keeping up with household formations and household formations are going to continue to rise"

"The mortgage paydown should be considered positive cash flow, that's really what it is"