What goes up must come down.

It's seriously going to crash for real this time, right? Just stop it. You have no clue.

yep anything less than an outstanding job isnt enough...

The buyers are there, they just can afford the prices anymore. Cost of life always gets higher, wages stagnate.

People define themselves as having "made it" or "defining wealth" by owning a home because we have been told that owning a home is the American Dream. But what about all of the people who are underwater with loans? A home can be one of the quickest ways to poverty as well. Ever heard of the term house poor? A house is somewhere to stuff equity, if you own multiple homes then maybe it signifies wealth, or debt. Interest rates on homes should never go below 5% again, which creates speculative bubbles that trap ill informed and easily manipulated people into buying more than they can afford. But.. yes you are right in that we all have entitled, high standards of living that have contributed to unaffordable costs of living. We can blame politicians and the Fed, but its also our fault too. We put people in charge that cater to entitled, irresponsible, unaccountable behavior.

They are already attaching Bitcoin to the dollar

I don't agree, today, after 50 years of propaganda in many similar forms such as BLM, feminism, woke culture, the West doesn't want to have children so they don't have to make them live in hell... those coming from other non-Western countries don't imagine all this and lives in a bubble...

Australia is similar, sadly.

One thing i can add is that there is no such thing as limited inventory. Look at china for example, houses remain empty and the price doesnt go down. They just demolish those buildings if there is no demand and dont ever drop in price

Listen to Dave Ramsey and you will get your house. Not a Cantione wannabe with dice hanging in the mirror. I used to like this guy but he now is off the rails…..

Commenters here seem to be upset that there are people that CAN afford homes.

The west is in decline

YOU FAIL TO PLAN, YOU PLAN TO FAIL !!! ITS THAT SIMPLE 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣😭😭😭😭😭😭😭😭😭😭

So once again, boomers are living on their children's credit.

We need to go back to a family based economy instead of a corporate based economy. In a free market there are no corporations because the government doesn’t charter corporations in a free market.

Pretty crazy how bank will loan you 95k for a truck but wont give you a 50k loan on an old farm house that needs some love. Pretty ghey

i could not afford the house im in now with interest rates and the almost 100% increase in prices since i bought it. so yeah. thankfully property taxes have not come up to match

Just paid my mortgage off this month, took me 12 years

Anthony Cumia?

I offered two young folks an acre od land to help me build a house. Value of the lot is around $150,000. When they found out it would take about 5 years, they moved on. They still think someone is going to fix this crap. We will never see those no money down, no doc loan times again. 20% down is now standard and will be into the future.

Tremendous construction of apartments,town house where I live

Don’t forget the huge home damage of hurricanes .

So we have $1m houses and incomes that only support 500k, So the $1m places are sale-proof and the rest leave town. Happening in Sydney. Office workers, tradesmen leaving town. So who will provide the services? We are off to go rural and work for cash or online.

Bank mortgages and bank car loans should be illegal.

I don’t want to they drop rate , this very bad for our economy, maybe short term you gain but long term they will destroy us, for me interest beste actually very low for this economy, so they know this why they will drop interest rate after that inflation again peak after that already many people have less money in their pocket, they will hike again interest rate for another 4 years, USA economy can’t handle this game anymore, either they will start big war or another pandemic on the way resetting economy once again. Or something mess with global network. Who knows what their evil plans but sure they will do something keep playing their money game.big sharks getting hungry and greedy

In 1975 the average American home cost $39200 and in 2023 with average inflation rate it be $264000 . In 1975 the average new vehicle cost$3500 and again with inflation rate the vehicle should cost $22000. The median household income in 1975 was $1500 and if going be inflation in 2023 a household income would be $11000. Below is proof. Inflation is never going to stop increasing or even keep goods and services at the current prices and proof is below with historical averages of the cost of living increases that beneficiaries receive in the past 48 years. The cost of living increase for Social Security Benefits between 1975 to 2023 is 3.8%. Of course, that'sj just the average. There were some yearsi with 0% increases (most recently, 2015) and some with double-digit increases (1980 andi 1981). There has been no increase of 6% or more since 1983 -- except for 2022, which featured an 8.7% hike. That means that inflation rate increase total of 182.4% over the past 48 years! Which in 1975 the average benfit was $257 and if that individual lived in 2023 their benefit would be $1540 a month. In saying that not being proactive and not planning personal finances for future inflation of goods and by budgeting, eliminating debts, and saving for the future unexpected expenses will lead to financial hardships.

The printing presses duluted the dollars worth by massive spending.

There are affordable houses in other states. A big part of problem is young want to live where old have already moved.

Speaks who? Someone who knows all and never took action? Soy boys are buying your syrup Simon, keep preaching

My tenants are the biggest breadwinners in my family of one!

Inflation over time causes a concentration of wealth. I know a family of 5 living in a hotel room, with 3 full time sources of income and no addiction to drugs or alcohol. This is going to cause major civil unrest soon.

It’s actually an extremely simple game. You use the bank’s money to get into the game, and flip a house or two for profit. If you don’t have the skills, don’t play the game. If you buy a house and proceed to pay the mortgage for 30 years you’re a sucker.

Property owners prosper because they don't need to trade their time for money. My house is paid off and I am lucky enough to focus on the business goals that need my time and attention which will catapult me into higher stratospheres of wealth opportunities. Living below my means (in a car for many years) is how I got here. Don't get a mortgage and buy the cheapest house you can bare to live in. If you can't pay for it fully in cash you truly can't afford it.

I was told that capitalism was going to fix all these problems.

Yup, I asked the fence builder up the street from my Moms and asked a price per foot, and he told me the people he was working for booked 2 months in advance and lumber went up. I asked, did you buy that lumber at that price and store it?…of course not…therefore his point is moot, when he bid it, price was one thing, when he got there 2 months later, he lost money then…

You guys are getting screwed cause the distributors are gouging hard in California…Home Depot is out their damn mind…

My house is on the market all fully updated, electric, plumbing, insulation, heating. It’s selling high because I can’t buy another for less. Hoping someday home prices will drop so I can drop my price. Guess I just got to learn to be grateful for what I have.

Here’s a new idea to actually talk about: Luxuries🧢

Oh, politicians could certainly change the housing market... for the worse.

Yes rates of profit always fall and wages are just profit for the worker from the sale of labor. No shit

I'm from Europe, and between Europe and the United States differences are getting decreased over time. I've been living in the US for 30 years, and the decline of the American dream is stunning. Right now, we are equal to live in poverty. It looks different in Europe but differences between those two are fading up very fast. Gen Z is the best example .

Refinance requires good amount of equity to do. When your house value is going down and down, your equity is also growing down which could disqualify the refinance. That's the secret in the industry 🤣

Do you understand...this cannot continue...if there is NO ONE that can afford a home...then there is NO MARKET for homes...therefore, there is NO REASON to build homes if they CANNOT BE SOLD. So, your doom prediction is completely wrong. Homes can be bought...but it requires more planning than buying automobiles...and, you may have to forego a new car if you want to buy a home. But, just keep on telling people that they will never be able to buy a home, they will believe it

Good. Mortgage is French for "Death Pledge". Dont sign up for that. Rent cheap and enjoy your limited time on earth...

I'm just gonna point out lumber is high that a year ago. Been watching like a hawk because I am looking at building a house. I'm looking at ticker Lumber cash- should I be using something different? Cuz I see price of 482.22 as I type at 11:21pm central

Get rid of your Kamala ads, it makes your channel look stupid

Just bought the book on Sunday and a few other items using your link.

Why would you want a house? Its going to crash on your head when the seal earthquake comes, the red cap guy is the antichrist, you were deceived, and you are self deceived.

Don't forget about Insurance & taxes - my PITI (Principal/interest/taxes/insurance) went from $1995 per month to $2250/mo. My insurance guy says it's gonna keep going up... - that's an extra $3000/year!🤒🥵

Ya I don't care