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HL EXCLUSIVE: Kevin Oleary outside PaleyFest
Hollywood Journal
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6 minutes ago
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🎥
Short film
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00:00
Kev real quick. What's up buddy? Good to see you my friend. Kev, business advice,
00:06
people are looking to buy homes but it's hard. The market's crazy but what do you
00:09
see that it's changing the next year? I think mortgage rates are going to be 8
00:13
to 9 percent. People will adjust. Never spend more than a third of your after-tax
00:18
income on a mortgage. That's the rule. So you're going to get a smaller house by
00:21
about 20 percent. But what do you think about these huge corporations buying
00:24
these real estate so the average buyer can't really, they can't afford these
00:28
homes right now. Markets are going to be markets but there's always going to be a
00:31
buyer of an individual home. Corporations buy real estate so they can sell it to
00:34
people. If they make it too expensive they won't sell them. The market's
00:38
pretty good at sussing this out. It's just that remember for 50 years mortgage rates
00:42
were well north of 5 percent and now they're going back to where they were
00:46
for 50 years. It's not that crazy. Yeah, last thing. Everyone's
00:51
pitching on stuff but what's the one thing that people always pitch you on?
00:55
That you're like, guys I get pitched on this all the time. The most pitched thing.
00:58
Hot sauce. Really? I don't want to see any more hot sauce deals.
01:01
Good to see you brother.
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