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We hit a milestone today on The Mail-Right Real Estate Agent Podcast Show; we completed our 100th Episode and did so in large thanks to you, our regular and new weekly listeners-THANK YOU! We have a great guest on this show too: Author, Broker, Developer, Investor and former FDIC employee, John Agostinelli of the Agostinelli Realty Group, Massachusetts.
We discuss John’s banking background, which offered him a firsthand look at how our government handles loans, rates and even how they report inflation rates…let’s just say if the government lived in Disneyland, you’d find them in Fantasy Land.
John Agostinelli founded Agostinelli Realty Group in 1997 and has been focusing on creating value for his clients for over 25 years. Building homes, helping people invest, buy & list their own homes and now, sharing what he knows with us through his new book:
EA$Y MONEY and the American Real Estate Ponzi Scheme which he co-authored with his partner Christopher Michaud.
John makes a great point in our interview, where it’s not that he thinks it’s a bad time to buy, but it’s a bad time to stretch. History is repeating itself right in front of us, and if we do nothing to stop the volatility in real estate markets, we risk the impending doom of the next housing collapse. Buyers need to live within their means and he recommends own where their house payment makes up less than 50% of their expenses, closer to 35-40% preferred. He does mention the government is behaving a lot like they did in 2003-2005 by loosening up lending guidelines, assuming they were strict enough to begin with.
We invite you to give this controversial episode a listen and share your thoughts in the comments wherever you download or stream your Podcast. We appreciate you listening every week and we’re striving to make the next 100 shows even more rewarding for your time invested listening!
Agostinelli Realty Group
40 Tudor Lane