JOE ROGAN, SOMETHING HE'S AS DUMB AS A SHIT STUMP ABOUT. EARNEST MANN’S: THIS IS ALL ABOUT YOU PC.7
When Not to Buy a Home: The Truth About Timing, Mortgages, and Real Estate Lies
Hey folks, Earnest Mann here. If you’re even thinking about buying a home—now or in the future—you need to hear what I’m laying down today. Why? Because it’s the truth. And truth in real estate is bad for business—especially the business of mega-lenders and real estate agents. This episode kicks off with a question from Mike in Little Rock, Arkansas: “Is now a good time to buy my first home?” Well, Mike, buckle up, grab a beer, because I’m not here to tell you what you want to hear—I’m here to tell you what you need to hear.
Why Your Life Circumstances Matter More Than Market Trends
I don’t care what CNBC or your neighborhood realtor tells you. The best time to buy a house doesn’t depend on market trends. It depends on your personal situation. Mike, you said you’re buying just for yourself. That alone changes everything. Most people don’t realize how different it is to buy a home as a single person compared to, say, buying one as a married couple.
And here's something else you won’t hear from your average agent: there’s a world of difference between “buying” a home and “mortgaging” one. Most people don’t even know the difference, let alone factor it into a decision this big.
Learn from Joe Rogan’s $600 Million Mistake
To prove my point, I use the example of podcasting giant Joe Rogan. The man moved from California to Austin, Texas, and bought multiple properties at inflated prices. When the market corrected, he lost big. But hey, he’s worth $600 million—he can afford it. You and I? Not so much. And let me remind you, his losses get covered by corporate sponsors—which means you’re paying for them one way or another.
You Don't Get Real Expertise for Free—And You Shouldn’t Trust Those Who Offer It
Look, I’m not going to give away the whole game here. I don’t do “trolling” or drip-feed content like those YouTube marketing snakes. If you want general wisdom, I got you. If you want a full diagnostic on your personal real estate situation? That’s paid work—just like any good mechanic would charge to look under your hood.
The Bottom Line: Don’t Buy a Home Until You Understand the Full Picture
Mike—and everyone else listening—don’t make real estate decisions without knowing your real motives, legal risks, and financial constraints. Don’t split ownership. Don’t assume marriage makes homebuying a smart move. And don’t trust the smiling face in a suit promising you a dream home at the perfect time. They don’t know you. I don’t either—but at least I’m honest about it.
If you want more guidance on building a future that actually fits your life, check out the “Designing Your Future” tab on my website or the link in the description.
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With friends, as with many other things in life, I desire quality over quantity, and I have absolutely no Interest, in time wasting idiotic bullshit or bullshitters.
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© 2024 - 25 The Earnest Mann Show
Transcript
00:02 hello folks and thank you for being here If you are in any way interested in buying a home either now or in the next few years here's some information you're not going to hear anywhere else Because first it's truth and second it threatens the lender's mega profits two things those selling real estate don't want you to hear ever And with that let's jump into today's story This comes from a guy named Mike in Little Rock Arkansas Ernest do you see a good time to buy in the housing market anytime
00:50 soon this would just be a home for myself actually a first home not as an investment Hello Mike As I tell everyone I'm going to tell you what you need to hear not what you want to hear The very short answer Mike is that although on the surface this may not seem to make a lot of sense because typical market strategies for buying a home are so deeply ingrained but it has absolutely nothing to do with the market per se So sit back have a beer or your favorite adult beverage and prepare to hear some things I guarantee you won't hear from a real
01:39 estate agent A really good example to start out with would be the real estate actions of the biggest hog at the podcasters trough Joe Rogan For those of you who don't know Rogan is the biggest and probably best known podcaster in America if not the world He's also one of the most obscenely rich somewhere in the neighborhood of around 600 million currently So unlike you and I he has plenty of money to waste which is exactly what he did uprooting from his native California to Austin Texas a few years ago Rogan bought a few properties in
02:31 Austin and when the artificially inflated market blew out he lost money big time on every one of them He may be extremely popular but I think he's as dumb as a [ __ ] stump At least when it comes to real estate But then again when you're sitting on at least 600 million losing a few mill here or there is not that big of a deal He can do what he's always done Get the money back through corporate sponsorships which ultimately by the way means from you Because one way or the other it's you and I that always pay
03:21 that always lose Don't tell him I said that At least not until I can get a stronger legal team which is why I beg for cups of coffee donations Hint hint Now I want to tell you or anyone else viewing or listening right up front I'm going to give you some good sage advice but I'm not going to spell it out for you I'm not going to give you the keys to the kingdom as they say At least not for free If your car is not running right you don't go into a mechanic shop and expect him to diagnose the problem for free do
04:10 you well I'm no different Like that mechanic I'll give you some very general and broad ideas of what I think the problem could be But anything less speculative and personal would require diagnostic work And that's not something mechanics do for free And consequently neither do I The only ones that do that on YouTube are trollers or what I also call marketing snakes And if you're unfamiliar with those terms I'm absolutely certain you're familiar when you see them Video trolling is when a
04:57 very slick savvy but totally unscrupulous celebrity or nonseleelebrity content creator knows exactly what people want to know about a given subject or product but purposely delays giving out the answer or more often than not really does give out the answer Just to constantly keep the viewer coming back for new installments always implying that each new installment will finally be the answer to your question but it never is Their goal is to keep you on the hook and earning YouTube revenue by having you as a viewer and or selling you
05:56 product which I feel is very snake like and psychopathic which not being a snake or psychopath myself I don't engage in that [ __ ] and I absolutely don't believe in something for nothing As my show's moniker indicates I believe in 100% symbiotic relationships nothing less Or to put it in another old school way gas grass or ass Nobody rides for free So what I can tell you Mike as far as buying a home is concerned is that the vast majority of folks out there may not realize they're actually putting the
06:51 cart before the horse from the get-go You mentioned in your letter that you would be a firsttime home buyer and the home would be specifically for you not you and your wife to start a family Now you may not know this but that little bit of personal information alone is a huge difference in a personal strategy to mortgage a home You'll notice I didn't say to buy a home I said to mortgage They actually have very different meanings something else very few people know and even fewer understand So my next piece of sage
07:39 advice Mike on just that small bit of info you gave is you never ever under any circumstances split ownership of a property you intend to purchase If say for example you had given me a different scenario that you were either married or planned to be married very soon and you and your new wife were planning on buying a house together and start a family Now that sounds very normal and conventional nothing unusual except for the fact that for you personally doing so would be the absolute worst move you could ever make
08:31 And for the moment I'll just leave it at that So in the simplest possible terms Mike I don't follow the conventional methodology that most real estate snakes um I mean um agents uh proitize because there are so many other factors involved In other words your life situation is truly unique to you as are your desires It truly is not simply a case of the person potentially having a boatload of money and thinking you can simply buy a house and live wherever the hell you want It's not that simple And anyone
09:21 that's telling you otherwise is a snake or an idiot or some combination thereof If you want more detailed information simply go to my website and click on the designing your future tab or click on the link in the description below So if you found anything I've talked about here helpful would you please consider doing something for me if you're well to do and you just happen to have an extra I don't know half a million lying around that you're not really doing anything with would you send it my way please i would really
10:10 appreciate getting it Now if you're a peon like me and you don't have that kind of dough I absolutely understand So maybe uh you could send me a cup of coffee or a hot dog That would certainly be appreciated And if you can't swing that I totally understand I could settle for just a subscription bell I've got to get something out of this deal Until next Monday or Friday 9:00 a.
10:51 m this is Ernest and I usually always am
