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PLP-137 Is This The New Normal?

PLP 122 Rod Khleif | Personal Growth

Is This The New Normal?

Hello Private Lender nation and welcome to episode 137 of the Private Lender Podcast, I’m your host, Keith Baker and I’d like to thank you for sharing your time with me today.

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If you’re looking for practical tips and advice on how to put the power of the banking system into your investment accounts, then you are in the right place.

But do you want to learn from my mistakes so you can both avoid and profit from them? Well then pull up a chair and pour yourself a drink, my friend. Because this podcast is just for you, as I am dedicated to giving people just like you and me the knowledge and confidence for successful and profitable Private Lending.

In today’s episode, I will bore you and discuss some very recent conversations I had while on a trip to San Francisco and the Bay Area, and I heard some interesting insights from some friends of the show. But before we get to the heart of the matter, first I need to do a little housekeeping.

1 – Have you joined the Private Lender Podcast Facebook group? Well why not? Head over to the show notes for the link or simply search Facebook groups for the Private Lender Podcast.

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2 –  And, please head over to and click on Apply Now to learn more about how to get your Private Lending off ground and for opportunities to receive coaching from me.

Apply – Private Lender Academy

OK, the housekeeping is finished and now it’s time to get down to the brass tacks of today’s episode: Are we normal?

I took a short trip and flew to San Francisco earlier in August and spent a few days catching up with some friends of the show as well as a few dear old friends who call the Bay Area home.

And I caught an A’s game against the Rangers, so I’ve now ticked 3 Major League Ball parks off my bucket list.

I’m glad I was able to take the trip before the government tries to lock us down again, which brings me to the question I have for you, dear listener:

Are we in the new normal, or are we simply in a bubble in the housing market cycle?

I won’t name any names yet as I haven’t’ asked whether I could mention names (you know, in case they are wrong) and I had the idea for today’s topic and wanted to get this episode recorded and distributed so here we go:

One position I heard, especially in the case of the Austin, Texas market, is that we are in the new normal. Austin will mimic housing in the Bay Area historically speaking, which means high prices are here to stay (at least in the Austin area) and they will only continue to rise.

Then, I heard the belief that we are long in the tooth for this market and a correction is coming – a very popular opinion that many investors share. Especially those investors who lived through 2008 and the mortgage crisis.

In the case of the Houston area, I did a little reading and have found the following:

  •  Average house price up 14%
  • 1 month of inventory (6 months is considered a stable market)
  • 500,000 people move to TX every year
  • Construction material shortage, lumber up 250%
  • Days on Market are almost non-existent

So, which side are you on?

Are we in the new normal with prices continuing to increase?

Or is there a correction looming?

Connect with me on social media and let me know:

Or email me:

OK. Here’s the deal, I don’t charge money for this show, but there is a cost and I would be extremely grateful if you would help drive awareness to the show, to get the word out by leaving me an honest rating and review over at iTunes, Google Podcast or whatever platform you are using to hear my voice.

It doesn’t take that long and it’s a small price for the value I try to provide.

That’s gonna do it for Episode 137 and just a few final thoughts:

1 – Join the Private Lender Podcast Facebook Group

2 – Remember to head over to for more information. And to be eligible for discounts and other pre-launch goodies like group coaching calls, then click on “Apply Now”

So, as I sign off I’d like to say in addition to self-awareness and mindfulness, I wish you safe and prosperous Private Lending.

I’ll catch you on the next episode.


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About the author, Keith Baker

My ultimate goal is to create an economy for Real Estate (and other) Investors where banks are no longer needed. An economy where every day people look to each other for leverage and support. During the day I am an insurance adjuster for the oil field, where I handle millions of dollars of other people's money (OPM), and by night I invest in Real Estate and host this podcast. I hope you have an excellent experience and find real value within this website and the Private Lender Podcast. Please leave comments or submit your questions on the Contact Page.

I wish you prosperous, safe and happy lending and investing!

Thanks for listening


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