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Real Estate News: Real Estate Investing Podcast

Don’t get caught off guard by market crashes that can take all your money down with them. And don’t miss out on markets where you can build wealth practically overnight. Real Estate News for Investors with Kathy Fettke is the premiere source for savvy real estate investors who want the edge. Stay up-to-date on new laws, regulations, and economic events that affect real estate. Topics include: market trends, economic analysis that affects housing prices, updates on the best rental markets for investing in single-family rentals or multi-unit rentals, turn-key housing standards, the fate of the highly revered 1031 exchange and other tax law affecting investors, self-directed IRA investing and 401k changes, where rents and property values are rising or falling, flipping risks, new Dodd-Frank rules regarding private lending and financing standards, areas with job losses vs job growth, areas that are overbuilt or over-supplied versus areas with low supply and high demand, and how to avoid real estate scams. We'll bring you the latest reports from organizations like the National Association of Realtors, Realty Trac, Fannie Mae, Freddie Mac, Zillow, Trulia, Redfin, Rent Range, Property Radar, the Norris Group, Peter Schiff, Robert Kiyosaki’s Rich Dad, Suse Orman, Bigger Pockets, Dave Ramsey and more. And we'll help you interpret the data in terms that make sense for your real estate goals, and portfolio. Grow and protect your wealth by staying on the forefront of economic data analysis, expert opinions, innovative investing strategies and profitable investment opportunities. We'll share all the top real estate news stories and the best trade secrets investors should know, so you can stay ahead of the curve and make fully informed real estate decisions. Host Kathy Fettke is Co-CEO of the Real Wealth Network, author of Retire Rich with Rentals and host of the Real Wealth Show on iTunes. She brings decades of media and real estate investing experience, offers her own viewpoints on particular topics, and taps into her network of real estate experts for real world news updates created just for investors like you. Get the real news on real estate on The Real Estate News For Investors Show!
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Real Estate News: Real Estate Investing Podcast
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Now displaying: Page 1
May 16, 2016

Listen up Bernie fans. This show is for you.

Big government with big promises do not work, no matter how lovely those promises sound.

Chicago, the nation’s 3rd largest city, is the perfect example. Government workers are demanding their full pension, even as the city heads toward bankruptcy. Each household now owes more than $61,000 in future taxes to pay down more than $63 billion in bonds and pension shortfalls.

In a desperate attempt to pay down the debt last Fall, Chicago’s City Council passed Mayor Rahm Emanuel’s $7.8 billion budget, which included a 72% property tax increase!

More people will be forced to move out of the city and into the suburbs.

There’s another reason why people will be moving out into the suburbs - they don’t want to be the ones who pay off the government debt!

This is exactly what happened in Detroit. Taxpayers fled Detroit for decades as the city’s tax bill kept growing while vital government services were slashed - such as public safety and quality education.

With increased debt and fewer tax payers, Detroit filed for Chapter 9 in July 2013. This allowed the city to restructure its debt, officially snuffing out $7 billion of debt by cutting pensions and payments to creditors.

Bankruptcy may be the only solution for Chicago now as well.

But Detroit’s problem was much smaller. That city has about one-third the population of Chicago. And Detroit’s retirement funding gap was $3.5 billion, with each resident liable for $5,100. Chicago’s is five-times that.

With all this information, is Chicago still a good market for real estate investors?

For the full transcript: visit www.NewsForInvestors.com

And consider coming to our live event on May 21st. Get the details here.

The post #067 – Will Chicago File Bankruptcy, like Detroit and Puerto Rico? appeared first on Real Wealth Show | Real Estate Investing | Turnkey Rental Property | Cash Flow | Notes | Private Lending | Flipping | Wholesaling.

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