Amin Pormer, who is also known as the PrinceofRealState in social media platforms
Amin Pormer, who is also known as the PrinceofRealState in social media platforms, is the new up and coming star in the real estate talks of California. At 25 years old, Amin has been able to close an impressive number of transaction volume record as a rookie in 2021. This hardworking engineer has big dreams for his business in 2022. We decided to have an interview with him at his Los Angeles office.
With all the money prints in 2021, Covid-19, and shortage of material, many people are concerned about the future of real estate in 2022. In 2021, the price of real estate surged, and many are worried what will happen to the real estate market in 2022. We asked the young expert Amin Pormer about his thoughts on the real estate market in 2022.
Amin said “I believe housing prices in Southern California in 2022 are going to go even higher compared to 2021. Although it might dip down a bit in the first half of the year because of the Federal Reserve tapering on the interest rates, the prices will go up eventually due to the shortage of housing in Los Angeles. The reality and simple fact are that right now there is more demand in housing than the supply. Not only that, the material shortage and the hike in the material price will also cause the housing market to surge drastically in the second half of 2022.”
Seems like it’s not an ideal situation for people who are trying to buy homes. When asking Amin when he thinks it would the best time to buy for the first-time buyers or even investors he responded, “I know from my knowledge and connections that the Federal Reserve is going to increase the interest rates by 280% in 2022. That means the rates will go up twice in the year by 0.25 point. And there is an excellent chance that we will face a third increase in the rates. Mass Economy science says that when money becomes strong, all other commodities against money such as real estate, gold, stocks, and crypto will lose their value. That being said, I believe that some cooing down in the housing market might happen in the first quarter of 2022, but it will be temporary if it ever happens. Due to the shortage of supply and money prints, the prices will surge back up drastically again. So, if you want to be safe, I will say buy now. The best time to buy real estate is always 5 years ago. So, the sooner you get in, the sooner you can harvest.”
All that said, it seems that 2022 is going to be another unstable year for the housing market and the US economy. “My objective for my clients is to reduce their risk and stress whether they want to sell or buy properties. My job is to make it easy and profitable for them.”, said Amin about his responsibilities toward his clients. Probably his hard-working trait is the key factor that gives so many people trust in him to take their real estate journey with him.