Robert T. Kiyosaki is an American businessman, investor, and best-selling author. One of his most popular books is “Rich Dad Poor Dad” and it’s a great educational tool on the way to financial freedom. Kiyosaki is well known for revealing the truth about money and finances that they don’t teach in any school.
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Explore affordable houses for sale by owner in Puerto Rico, all priced under $100K! Perfect for investors or anyone looking to find a budget-friendly home in Puerto Rico, this video covers properties with great potential across the island. Get insights into the Puerto Rico real estate market, unique neighborhoods, and tips for buying homes by owner. Don’t miss these fantastic deals on PR homes that combine affordability with island living.
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Welcome to Impact Theory with Tom Bilyeu. In this compelling episode titled "Are We On The Brink Of Revolution? - Corrupt Elites, Systemic Collapse, Wealth Gap," Tom sits down with evolutionary biologist Bret Weinstein to delve into the pressing challenges facing our society today. The conversation spans a wide array of critical topics—from the destabilizing effects of unchecked government money printing and the intricate dance between inflation and deflation, to the dire consequences of perpetual debt cycles and the ever-present threat of nuclear conflict.
Bret and Tom explore the systemic issues within governmental and corporate structures, likening them to parasitic entities that exploit resources and wreak havoc on societal stability. They discuss the alarming erosion of civil liberties in the face of technological advancement and regulatory capture, as well as the existential threats posed by engineered pathogens and weakened infrastructures.
Throughout the episode, Bret emphasizes the need for a collective, adaptive approach to navigate these crises, championing the Unity Coalition's innovative and integrative solutions. In their candid exchange, they also touch on the shifting political landscapes, the evolution of movement dynamics, and the crucial role of maintaining foundational values to ensure a thriving future.
Join us as we unpack these complex issues with clarity and urgency, aiming to foster a better understanding and inspire meaningful action. This is an episode you won't want to miss.
A federal judge has recently approved settlements involving nine major real estate brokerages related to commissions lawsuits. The companies involved—such as Compass, Realty ONE Group, The Real Brokerage, Redfin, and others—reached agreements as part of the Gibson/Umpa case, which is one of several high-profile cases challenging traditional real estate commission practices. These settlements aim to address claims that the brokerages engaged in anticompetitive practices that inflated buyer agent commissions, ultimately raising costs for home sellers.
Despite the approval, multiple objections have emerged. Plaintiffs in related cases argue that the settlement amounts are insufficient to cover alleged damages, and some objectors worry the agreements could inhibit homebuyers from pursuing claims independently. For example, in the Batton case, plaintiff James Mullis argues that any settlement terms should clarify their impact on separate homebuyer claims
The controversy over these settlements highlights ongoing legal and regulatory challenges facing the real estate industry. While the recent decision moves the settlements forward, these objections may delay final implementation if further hearings or appeals are filed
Full-service agents in Minnesota have typically charged 5% to 6%. A settlement earlier this year aims to make it less expensive to buy and sell a home.
The quality of U.S. housing construction today varies significantly depending on factors like location, builder standards, materials, labor expertise, and regional regulations. Here are a few key factors affecting current housing quality:
1. Materials
Pros: New materials, like energy-efficient insulation and double-glazed windows, improve energy performance and durability. Innovations like cross-laminated timber (CLT) and sustainable materials are also more common.
Cons: Supply chain issues during the pandemic led to scarcity in some materials, driving costs up and incentivizing builders to use cheaper alternatives. Quality of some materials, like engineered wood products, is lower compared to solid wood traditionally used in construction.
2. Labor Shortages
Impact: Skilled labor shortages in construction have led to longer build times and, in some cases, inconsistent quality. Unskilled or rushed labor can lead to issues like poor drywall installation, gaps in insulation, or improperly installed plumbing and electrical systems.
3. Building Codes and Regulations
Positive Influence: Many areas have updated building codes to improve structural integrity, energy efficiency, and safety (e.g., hurricane-resistant structures in coastal areas).
Variability: Building code rigor can vary widely by state and municipality, so quality and safety standards are inconsistent. Areas with outdated codes may lag in resilience and efficiency.
4. Energy Efficiency and Sustainability
Advances: Demand for energy-efficient homes has driven builders to incorporate features like advanced HVAC systems, solar-ready designs, and high-quality insulation.
Challenges: Some builders prioritize aesthetics over quality in key functional areas to attract buyers, so efficiency improvements may sometimes be superficial.
5. Prefabricated and Modular Homes
Pros: Modular construction can yield consistent quality due to factory-controlled environments and can be faster than traditional on-site construction.
Cons: While factory control can improve quality, modular and prefabricated homes often face stigma, and building quality can vary among manufacturers.
6. Foundation and Structural Integrity
Concern: In some cases, builders have reduced foundation quality to save costs, particularly in places where soil quality or seismic activity isn’t a significant risk. However, this can lead to structural problems over time.
Overall, the housing industry’s quality today leans toward improvement in areas like energy efficiency and design innovation, but faces challenges with material quality, skilled labor, and regional code disparities.
As of 2024, U.S. bond debt—referring mainly to government-issued Treasury bonds and notes—is a critical component of the national debt, which has surpassed $33 trillion. Treasury bonds and notes, as debt instruments, help fund the government's operations, pay for federal projects, and service existing debt. This debt is owed to both domestic and international investors, including individuals, corporations, foreign governments, and other central banks.
The key types of U.S. Treasury securities include:
Treasury Bonds: Long-term bonds maturing in 20 to 30 years, which offer a fixed interest rate and are a core part of government debt.
Treasury Notes: Medium-term securities maturing between 2 and 10 years, which also pay a fixed interest rate.
Treasury Bills: Short-term securities with maturities ranging from a few days to one year, sold at a discount from their face value and do not pay interest before maturity.
The U.S. debt is largely funded through the issuance of these securities, with around 75% of the national debt being public debt (held by domestic and international investors) and 25% intragovernmental holdings (held by U.S. government accounts, like the Social Security Trust Fund). The increasing national debt and bond issuance influence interest rates, inflation, and fiscal policy, leading to discussions about sustainable debt management strategies for the future
The National Association of Realtors (NAR) certainly faces a slew of legal challenges, partly because of its influential role in shaping the real estate industry's standards and policies. Many of these lawsuits focus on practices surrounding commission structures, membership rules, and antitrust concerns, especially regarding buyer-agent commissions. The way commissions are structured in MLS systems has led to recurring scrutiny and class action lawsuits, arguing that buyers are effectively paying higher home prices due to these commissions being bundled into the sale price.
Given that real estate is a highly regulated industry with substantial consumer impact, NAR's policies are constantly under the microscope. This legal pressure might push for more transparent or flexible commission models, which could ultimately reshape the structure of the real estate market. For now, it seems NAR will continue to be a "lawsuit magnet" as these issues evolve
The 2024 Contract & Commission Study has just been released! This annual report provides insights into real estate contract structures, commission trends, and key industry shifts. Some highlights i...
Average Rates by Region: The study compares commission rates across major regions, highlighting areas with rising or falling averages.
Influential Factors: Rising home prices, local market competition, and online commission transparency have all impacted these rates.
Variable Commission Structures: There’s an increase in tiered commission models where rates vary based on sales price, client loyalty, or additional services.
2. Contract Flexibility
Customized Contracts: Nearly half of the contracts now offer customizable terms, with options for services such as virtual tours, online marketing, and concierge-level listing services.
Client Preferences: Buyers and sellers increasingly prefer shorter commitment periods, with flexible renewal or opt-out options.
Shift in Listing Periods: More agents are shortening the initial listing period to 3-4 months, reflecting current market speed and client expectations.
3. Market Dynamics and Impact on Commissions
Rising Inventory and Buyer Power: As more properties enter the market, buyers gain greater leverage, often negotiating lower commission rates.
Regional Variability: Hot markets, like urban and coastal areas, still command higher commission rates, while rural and suburban areas are experiencing a slight decline.
New Construction Influence: Increased new construction inventory has led to more competitive pricing and commission offerings among agents.
4. Technology Integration
Smart Contracts and e-Signing: Adoption of smart contracts and digital signatures has improved efficiency and allowed more flexible commission arrangements.
Client Transparency: Many agents are using digital dashboards to let clients track the home-buying or selling process, boosting trust and allowing more open discussion on fees and commissions.
AI and Data Analysis: AI tools are increasingly used to recommend optimized contract terms, saving agents time and helping clients see value in higher commission options.
Altos Research is the premier resource for real-time real estate data. We provide weekly market statistics, analysis and reporting for 99% of the zip codes in the U.S., helping real estate professionals, investors, financial institutions, and their clients make better-informed decisions.
Featuring Mike Simonsen, President of Altos Research
A true data geek, Mike founded Altos Research in 2006 to bring data and insight on the U.S. housing market to those who need it most. Altos provides national and local real estate data to financial institutions, real estate professionals, and investors across the country, and the company is now part of HW Media, publisher of HousingWire and RealTrends. Mike uses Altos data to identify trends in the real estate market well before the headlines, and his work has been featured in the New York Times, The Atlantic, Fortune, Forbes and other publications.
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