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Rob Luna

Rob Luna

๐Ÿ‘ค Speaker
1383 total appearances

Appearances Over Time

Podcast Appearances

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

Or am I going to go to something that has intrinsic value, it's discounted, and there's going to be some catalyst where at least I'm putting myself on that side of the table.

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

And that's kind of why I sold my crypto.

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

Am I right?

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

You're 100% right.

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

But essentially, that's how real estate has always been.

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

It's always been market by market.

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

Some of the same markets that you're talking about plummeting now for a long period of time did exceptionally better, exponentially better than

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

Tennessee, for example, right?

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

What would you rather have done 20 years ago?

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

Buy beachfront California property or Tennessee property?

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

Well, maybe up in, maybe not now, but five years ago before COVID, you definitely would have rather had those beachfront properties.

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

Now, and I think especially after COVID, for a lot of reasons, all those things have changed.

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

So I think the real estate market today, going back to your, you know, you were saying this before, is it's market by market.

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

It's really dependent on where you're looking at.

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

And just like I said, this is for any investment.

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

What's the catalyst for it to go up?

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

And so the catalyst for Tennessee or Texas or Florida real estate to go up is there is an exodus because the reason my wife and I left California, it wasn't just because of taxes.

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

It played a role in it, but I stayed there a long period of time paying an exorbitant amount of taxes because the weather was nice.

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

Right.

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

And I had the beach there.