I have been following reporting about the changes that have happened in the real estate investment property market.
Partially I do that anyway, pandemic or not because I constantly work on growing my residential real estate portfolio to work towards my economic independence goal I call the Time Freedom Point. It’s the point where I don’t need to exchange time for money anymore and do what I love. Some will be exactly the same as now and a few things will be what I haven’t been able to do without money.
I also follow this so I am up to…
As someone working and thinking and talking to people about real estate on a daily basis, it was interesting to hear about the success of the movie “Nomadland”.
For those of you who don’t know about this movie and what it’s about, here is what Wiki says in its description:
“Nomadland is a 2020 American drama film based on the 2017 non-fiction book Nomadland: Surviving America in the Twenty-First Century by Jessica Bruder. The film is written, edited, produced, and directed by Chloé Zhao, and stars Frances McDormand (who is also a producer on the film) as a van-dwelling working…
Last Sunday I had a very interesting discussion with my mom. She lives in Germany and was telling me how negatively she feels because the winter this year has been long, and wet, and cold, and unpredictable. It almost feels like it doesn’t want to end — even though we are approaching the end of April.
In her case, it is particularly pronounced because she spent part of winter a few years ago in San Diego and last year in Spain. Being in northern Germany created a strong contrast.
When I asked her why she didn’t go to Spain again…
The other day I had the pleasure of being a guest on a podcast and the host asked me: “Axel, are you worried about this crazy increase in real estate prices, and rent increases, and just overall that we are going to see a tremendous crash coming?”
My simple response was; “No, I am not”
Let me tell you why that answer was so easy for me.
The approach that I have selected many years ago for me, my family as well as all the clients who contact us for coaching, mentoring and referrals, follows a rational purpose. That purpose…
I am getting closer to my TFP — my Time Freedom Point. That’s the point in time on the calendar where my passive income will be sufficient to cover all our expenses, and I no longer have to exchange my time for money.
That’s exciting, and the journey I took to get there — and help other people who like this idea to do the same — includes residential real estate investing out of state.
A few videos and articles recently caught my attention. As we have surpassed one year of pandemic conditions Pew Research wanted to find out how people perceive themselves and if it has changed compared to data from 2019 or earlier.
Before jumping into financial aspects or socio-economic aspects they asked something that is actually a pretty good indicator of how perception and reality can be massively different.
The first question they asked people was about driving. The question was easy: “Are you an above-average or below-average driver?”
As a little fun test, you can ask that yourself right now.
I had heard it many times, especially when I completed some significant task or achieved a big goal. “It takes a village” — but does it really?
Here is what the Oxford Dictionary says about Individualism: “the habit or principle of being independent and self-reliant. A social theory favoring freedom of action for individuals over collective or state control. Encouragement has been given to individualism, free enterprise, and the pursuit of profit”.
We also hear that America is about “the pursuit of happiness.”
In comparison, socialism is defined as “a political and economic theory of social organization which advocates that…
One of my New Year’s resolutions was to be much more active on a platform called Bigger Pockets.
It’s the biggest platform for people interested in real estate and investing to come together, learn from each other, use tools, exchange stories, etc.
I had always liked my membership and the many benefits and tools they offer, but I had slacked as far as writing in the forums. I never really knew if it would have much of an effect.
With the resolution in mind, I started to post regularly in January. To get an idea of what my topic area…
It’s finally available to us — Holistic Repayment.
As you may know, I am originally from Germany and I have often asked myself how we ended up with the system of banking and financing we are used to in the United States.
Some may say that we took a lot of the US banking system from the one established long ago in Britain — Boston Tea Party — you recall…
That is probably true, but one thing I have never understood is the way we pay off the mortgages on our houses.
A brief disclaimer: I am not a financial…
The short answer to your questions is: "no".
The underlying misunderstanding is the believe that America is willing to admit that it needs fixing, improvement, modernization.
As any politician (either party) and they still say each time a microphone is under their nose: 'We are the greatest country on the planet, the wealthiest, the best, the one others should model themselves after."
Reform starts with realization that something needs change. America still believes that it just had a little bump in the road of its greatness and will soon be able to bully the rest of the world around again, because that's what the world needs.
As long as that realization is missing, things will not even get looked at, let alone changed.