Well, if I’m paying income tax, sales tax, property tax, fees of all types, bills, spending outrageously, these lease the government and private sector could do is pay off the house of my dreams, from one home to another. For myself, neighbors, friends, colleagues, family, every US citizen.

If the USA’s central bank was disposed of then housing cost would drop dramatically along with other cost greatly improving the quality of life for everyone but the faces hiding behind the Central Bank.

Great video. You could grow food in them perhaps? Or Maybe no.?

Excellent video! More public risk and private gain-

Greed is one hellava' drug. The existing homeowners (majority of voters) will never do the right thing for future generations (build more houses) if it means a necessary depreciation of their own assets. If we can't build, the only way for supply to go up is to stop all future immigration and then wait 10-15 years for the boomers to leave this world. (see population pyramid) Both scenarios are unrealistic to the point of absurdity.

Lol, they are definitely going down and anyone who thinks differently is a fool

It’s coming down. foreclosures and bankruptcies will accelerate over the next 24 months. But housing prices dropping 30-50% like they need to is going to be sticky. Realtors, the NAR, mortgage brokers all need their commissions gutted to simple flat fees. Especially realtors, they are worthless and non value added

If you want housing to be affordable, stop making people.

30 years from now, when there’s less people than houses, I imagine homes will be cheaper. However, entire suburbs will probably be bulldozed as they turn into ghost towns.

What goes up most come down I own several properties but taxas and insurance are making things unsustainable a lot people will have no option but to put their houses in the market and push prices down people saying prices won’t go down are saying same thing people said in 2009 but we all know what happened in the end.

Victor Gruen's original idea was for malls to be a '3rd space' for social activity. It wasn't about tax and job creation (although the cities that built them had that in mind), he wanted some shops, some restaurants, but also, museums, govt offices, and medical facilities. Malls don't work because they are a bastardized version of their original design intent. I'm not sure if we can fix them to that original intent, but saying libraries and govt offices are 'downgrades' is ironic given that those were what exactly the kinds of things Gruen wanted in his malls. Malls are one-stop commercial spaces. Gruen's original mall idea was it would be a one-stop 'social' space. Is that possible in the age of internet? Unsure. But I'd rather have a library, rmv, clinic, daycare center, movie theater, and small playground/park, in my mall than 6 redundant clothing stores. And maybe - just maybe - having those types of things as 'anchors' rather than a department store might create a more sustainable mall. Everyone with a car needs the RMV, everyone gets sick, almost everyone with kids needs daycare. That kind of necessity built into a mall creates foot traffic for the commercial properties that *do* exist in the mall which makes them more desirable. Having more amenities and services and LESS commercial properties also means less competition in the area and makes it an even MORE desirable property. With 5-10 plots taken up by services instead of commercial, that's 5-10 less competitors to fight. More services. Less commercial. More sustainable.

I don’t intend much money back to the economy . Real estate is not on my list , land is not on my list, credit is not on my list. Wife and kids is not on my list

So basically now even housing is a ponzi scheme, plus redfin and these guys bought all the single family starter homes to create a renting middle class

I think you mean they won't ALLOW prices to go down without changing the rules of the game.

On top of it they are built out of thermoply which is ground up fibers and glue! Don’t believe me just look it up. These houses are cheap and overpriced!

When you observe markets that don't have excessive regulation or government assistance, the prices generally follow the overall prices of the market. That is, inflationary pressures of the area. Once you begin restricting supply, or creating laws regarding housing, you begin to see distortion in the market.

It can go down, but they wont let it go down. The people in charge are making millions from the everything bubble.

Eye opening analysis!

So, why can’t housing prices go down?

The malls are privately owned, you have no opinion.

Your channel keeps pooping up in my feed but I won’t listen to the whole video because the narrative is false. Pricing will and has to come down. Despite what appraisers and bankers say.

The ever-helpful government is singularly responsible for ever increasing home prices and unaffordablity.

Supply and demand. Increase supply or decrease demand

When people say "housing market can't go down" - it means it absolutely will 😅😅😅 2008 all over again 😅

Real estate cost has already come down in most of America. As unemployment increases, housing price will continue to drop.

investment vehicle vs home for families...a complete collapse of the system will force a reset.

When I bought my first home back in 1986, the ratio was 1 1/2 times my annual salary. Today it is more like five times. Housing prices need to go back to 1 1/2.

Titanic also was unsinkable.

Investment spending on homes pushes demand and subsequent home prices higher. That is fixable through taxation on those investment entities. Will it happen? No way.

🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

But they have already and they will. I had this same belief in 2005 until reality hit us all and then I looked at trends since 1890. This is a very funny take at the bare minimum.

I hope u keep this video uploaded so that when you're proven wrong, which is very very soon, I can come and tell you to suck it

Reasons young families can't get into a house: They have too many other debts. Car, medical, Education, credit cards. A lot could be done here. Split families means 50% (or whatever the divorce rate is) of family units require two homes, at least two cars, two sets of appliances and furnishings, etc. This is bonkers, and puts tremendous strain on available housing. Houses are for living in, they should not be a buisness, an investment, or a financial product. Speculation, cosmetic flipping, and rental or airbnb homes should not be easily financed, and perhaps even heavily taxed until we get into a better situation. We should not have hundreds of books and youtubers trying to make everyone with a little bit of extra money into a real estate mogul. Its actually predatory. The real interest cost of a 30 year loan is about double the house value, sometimes more. Loans should be more clear about this in the terms. You want a 375k loan? Well, at the end of 30 years you actually paid a million after fees, interest, taxes, insurance, etc. And now your carboard cookie cutter house is in the ghetto and getting bulldozed shortly after you pass on. Your kids are all doing it again somehwere else. Its a huge scam, and the only thing that grows forever is the numbers of parasitical usurers that don't produce anything.

This was not an explanation of why home prices can't go down , it simply insisted they couldn't.

Housing prices are going down. If you just look at the listings, you’ll see that quite easily.

Your government put to much money in the m2 money supply. To much money chasing assets = higher prices. In yr the m2 money supply was 4 trillion dollars. Today the m2 money supply is 21 trillion dollars. 😂 The government, both parties are to blame. Sadly it will continue.

What do you mean it's guaranteed to "blow up"? The 30 year mortgage?

Note that the Fed has devalued the dollar by at least one third over the past five years. If the nominal price of your house didn't increase by 50% over that period, you actually lost value. Rather than increasing housing supply, lets deport ten to twenty million illegal aliens, thereby reducing demand. The first wave of deportations would stabilize prices and subsequent waves would gradually decrease prices.

The US dollar is just paper - everything is a scam

That you find 50 year mortgages interesting, is crazy.

This was a thoughtful analysis. I think one other factor that can't be ignored is the job market worsening and/or a recession which also will impact the job market. If demand for various goods and services continues to slow and then starts to drop, companies will reduce their overhead in that fast and easiest way which is to lay people off. If more people are laid off, the majority will not have their primary source of income anymore to make payments on their mortgage, home insurance and taxes. They might forgo insurance first and cut other expenses; however, this will not fix things for them indefinitely if the job market is bad as they will struggle to find a new primary source of income and may have to take a pay cut or switch industries/job functions. That means they will either fail to pay their mortgage or their taxes (possibly both) and will have to give up their homes. This will increase supply and lower prices because there will also be lower demand prices will reset a bit until the economy recovers. This is a realistic possibility in the next 2-5 years and some markets in the sunbelt are already seeing prices drop because of high building, lower affordability and higher insurance premiums. The real key here that will trigger this is an increase in layoffs and a worsening job market. Liquidity in the system is stretched somewhat thin at the moment and the lower earners are starting to feel the pinch on prices. If this starts to trickle up to middle and upper middle class folks and impact their ability to consume, companies will have to reduce overhead (usually layoffs as they are easier) to lower costs. Some cracks are starting to show in more people financing payments for things and recently credit cards loans have spiked to a 14 year high which demonstrates that the US consumer is starting to really struggle. To me the main key here is the labor market and the resilience of the US consumer to spur more demand. In the best case scenario maybe AI can help increase productivity and reduce overhead. In a more likely scenario, the will be stagnation in the US economy. If the risks are not manged, there could/would be a recession/depression. The amount the government can intervene in a recession has also been reduced given the astronomically increasing deficit and the level of spending during the pandemic. Some cracks are starting to show and it may be difficult to avoid them indefinitely.

Housing physically depreciate....but inlation continues. Housing prices are going down....no matter your aurguments. 😮

Housing prices can go down but if it does it's a sign that the economy is collapsing which it absolutely can do! The Roman Empire was too bit to collapse too!

Housing went down before. So, it can go down again. And will go up after. But many get wiped out in a crash.

NIMBY

Wow

Never before in history has any economy pumped $1 trillion into thier economy . During the pandemic we (the US) pumped NINE trillion dollars into the economy. This is the result. Hyper inflation , and these unbelievable home and car prices is only the beginning. Spend less than you earn and use the difference to buy assets. Real estate is nice, but its not the only asset out here that will appreciate during inflationary times. Best of luck!

This would have been an insightful video if it was published in the 90's. Now it's just plain old stale

Oh yes they can.

Who the hell wants to live in cities these days? I mean in the mix, not surrounding areas?