Property bears who predict that the Australian property prices will nosedive to 40% will often refer to what happened to the American property market in the mid 2000s…

Is this basis reliable? Are the circumstances in both property markets similar to encounter the same outcome?

In this episode, we are joined by David Sidoni, the host of How to Buy a Home Podcast, to do a comparative analysis on the Australian and American property market. 

We discuss the government’s control over property prices, home loan rates, drivers of property prices, buyer’s agents and more!

If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au!

See you in the episode!





Episode Highlights:
The Great Financial Crisis [02:29]
Mortgage rates in the U.S. [11:29]
Economic slowdown amid inflation [19:14]
The Airbnb space [23:24]
The role of the buyer’s agent in US [24:46]
Government manipulation of interest rates [32:18]
What is the 1031 Exchange? [34:54]
Closing costs, explained [41:12]
What caused the Great Recession? [43:45]
“Rent back”: the natural process of a sale [50:00]
David’s property Dumbo [52:57]



About our Guest:

David Sidoni began his real estate career in 2005 and after serving hundreds of first time home buyers in southern California, in 2019 he decided he was sick and tired of seeing first time home buyers being treated like garbage by the real estate industry.  He kept seeing them passed over by the experienced Realtors and used as gunnie pigs for brand new agents to “get their feet wet” and learn how to be Realtors.  Well, he didn’t have time to retrain an entire industry, so he decided to start the How to Buy a Home podcast and peel back the curtain for first time buyers and let them know the insider secrets on how to find the rare professionals that would give them the service they deserve.  Now with almost 800,000 downloads and hours of free education and videos at www.HowtoBuyaHome.com the revolution has begun and first timers all over the US and Canada are getting empowered with real expertise from a true advocate for all frustrated renters seeking real, quality information and guidance



Links from the show:
How to Buy a Home https://www.howtobuyahome.com/



Connect with Us:
Looking for a Sydney Buyers Agent? www.gooddeeds.com.au
Work with Veronica: https://linktr.ee/veronicamorgan
Looking for a Mortgage Broker? www.wealthful.com.au
Work with Chris: hello@wealthful.com.au
Send in your questions to: questions@theelephantintheroom.com.au



Find this episode on our website:

https://www.theelephantintheroom.com.au/podcasts/259

If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!

Property bears who predict that the Australian property prices will nosedive to 40% will often refer to what happened to the American property market in the mid 2000s…
Is this basis reliable? Are the circumstances in both property markets similar to encounter the same outcome?
In this episode, we are joined by David Sidoni, the host of How to Buy a Home Podcast, to do a comparative analysis on the Australian and American property market. 
We discuss the government’s control over property prices, home loan rates, drivers of property prices, buyer’s agents and more!
If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au!
See you in the episode!
 
Episode Highlights:
<ol>
<li aria-level="1">The Great Financial Crisis [02:29]</li>
<li aria-level="1">Mortgage rates in the U.S. [11:29]</li>
<li aria-level="1">Economic slowdown amid inflation [19:14]</li>
<li aria-level="1">The Airbnb space [23:24]</li>
<li aria-level="1">The role of the buyer’s agent in US [24:46]</li>
<li aria-level="1">Government manipulation of interest rates [32:18]</li>
<li aria-level="1">What is the 1031 Exchange? [34:54]</li>
<li aria-level="1">Closing costs, explained [41:12]</li>
<li aria-level="1">What caused the Great Recession? [43:45]</li>
<li aria-level="1">“Rent back”: the natural process of a sale [50:00]</li>
<li aria-level="1">David’s property Dumbo [52:57]</li>
</ol>
 
About our Guest:
David Sidoni began his real estate career in 2005 and after serving hundreds of first time home buyers in southern California, in 2019 he decided he was sick and tired of seeing first time home buyers being treated like garbage by the real estate industry.  He kept seeing them passed over by the experienced Realtors and used as gunnie pigs for brand new agents to “get their feet wet” and learn how to be Realtors.  Well, he didn’t have time to retrain an entire industry, so he decided to start the How to Buy a Home podcast and peel back the curtain for first time buyers and let them know the insider secrets on how to find the rare professionals that would give them the service they deserve.  Now with almost 800,000 downloads and hours of free education and videos at <a href="http://www.howtobuyahome.com/">www.HowtoBuyaHome.com</a> the revolution has begun and first timers all over the US and Canada are getting empowered with real expertise from a true advocate for all frustrated renters seeking real, quality information and guidance
 
Links from the show:
<ul>
<li aria-level="1">How to Buy a Home <a href="https://www.howtobuyahome.com/">https://www.howtobuyahome.com/</a></li>
</ul>
 
Connect with Us:
<ul>
<li aria-level="1">Looking for a Sydney Buyers Agent? <a href="http://www.gooddeeds.com.au/">www.gooddeeds.com.au</a></li>
<li aria-level="1">Work with Veronica: <a href="https://linktr.ee/veronicamorgan">https://linktr.ee/veronicamorgan</a></li>
<li aria-level="1">Looking for a Mortgage Broker? <a href="https://www.wealthful.com.au/">www.wealthful.com.au</a></li>
<li aria-level="1">Work with Chris: <a href="mailto:hello@wealthful.com.au">hello@wealthful.com.au</a> </li>
<li aria-level="1">Send in your questions to: <a href="mailto:questions@theelephantintheroom.com.au">questions@theelephantintheroom.com.au</a> </li>
</ul>
 
Find this episode on our website:
<a href="https://www.theelephantintheroom.com.au/podcasts/259">https://www.theelephantintheroom.com.au/podcasts/259</a>
If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!

Who's really in control when you buy a property?

The Elephant In The Room is where the things that no one wants to talk about, actually get talked about.  

Veronica Morgan, real estate agent, buyers agent and co-host of Foxtel’s Location Location Location Australia & Chris Bates, financial planner, mortgage broker and wealth coach have joined forces to find out what’s really going on in the world of real estate.

Veronica and Chris talk to property owners and buyers every day in their respective lines of business. They’ve observed a wide spectrum of confidence in people’s decision making ability when buying and selling property, often to the detriment of the individuals concerned. They are both fascinated by consumer behaviour and together they’re going to uncover who’s really making the decisions when you buy a property.

In each episode they get into the psyche of buyers, agents, auctioneers and other industry experts to learn the truth about how buyers are influenced and why they do the things they do. In every episode you’ll learn from the mistakes of a “property dumbo” as well as Chris & Veronica’s “elephant rider bootcamp” training session.

The plan? This property podcast has been created to help us all make better property decisions!

We talk about the things no one wants to talk about in the Property Market

Advertisement