Start early with diversified investments in stocks, bonds, and real estate. Maximize contributions to tax-advantaged accounts like 401(k)s and IRAs. Regularly review and adjust your strategy to ensure security.......

unemployment rate in miami dade county is 2.1%, among the lowest in the country

Same patern in GTA Ontario Canada. Good things are coming. Fast. Inventory is growing up in every single city. And I am doing business in over 30 cities in GTA and surroundings. We are on the right path. Follow my account for real information, daily.

Subbed. Econ. here; Air BnB, large increase in mom/pop 2-3 investment home owners, FOMO and CrAZy low rates for since the Financial crisis then Pandemic response which brings us to the irresponsible Bank lending policies- how could they know rates would rise?😅

WHAT ABOUT TAXES? TAXES? TAXES? TAXES?

People are going into massive debt buying homes cause someone is telling them it’s an investment. It’s pretty sad when they start to realize it’s a liability.

Logan keeps saying, "where you don't know what's going to happen to the insurance costs in 5 years," like he is leaving the door open that they might fall.... Dude, they aren't falling. They will never go down again. It's a question of how much more will they rise in another 5 years.

music is distracting

Real estate expert never heard of Citizens insurance in Florida?

Why the ‘who wants to be a millionaire’ soundtrack throughout😂😂

Thanks for the insightful conversation. To may KZbinrs (mostly realtors) keep spewing none sense about "just wait for the interest rates to come down" and are totally miss leading their viewership in appreciating the broader and comprehensive issues facing Florida housing. Florida's housing will be a long and slow correction just like other parts of the country, but as Logan pointed out, there are some many other issues that will take time work through the system. There are (2) short-term things to watch, the first is how the Florida market reacts to the next couple of Fed rate reports and the bigger one is the pending super busy hurricane season. In the end the singular cause and cure of this issue is pretty clear, Home Price as this drives your house payment, you tax and your insurance premiums (i.e. affordability). Interest rates do have a role to play, but historically we've had higher rates while the housing market was fine. Not until 2007 and 2020 have we seen the excessive and unjustified ( no tangible value) home price increases. 2008 was a bit of a different story, but we are starting seeing the lending industry begin playing their old sophisticated lending packages" games again.

100% confirm. Palm Beach/ Broward totally screwed up. Insurance just killing. (From $2200 to 9600!) Taxes through the roof (10k-13k) for medium house.

More videos like this!! Love the long podcasts but also love 10 min videos!!

Extremely informative channel. Thank you very much

Dear maamsirs, please to be kindly research the bountiful financial services of great Guru Dr. Gofug Youselves-Scammers; he has greatly assisted me in prodigious ways!

The FED SOFT LANDING IS A COMPLETE FAILURE BUT THE WORKING PEOPLE ARE THE ONES WHO WILL SUFFER THE MOST BECAUSE THE PAY CHECK IS WORTH SHIT

You can’t compare new homes and existing homes like fruit. New homes have better building codes, more energy efficient but usually are smaller but come with garages. The homes themselves are better but are usually in communities with strict HOA rules, little to no privacy and the builders finance your loan at a lower rate in order to be able to sell their homes. Resale/exisiting homes are usually older designs but remodeled, no HOA, and the best part is in the BEST LOCATIONS. That is one huge thing resale’s have on new homes because the best locations are usually taken up already. Now, all that said the result of what is best for you depends on you not on everyone else’s factors.

Until we can find a way to build homes more efficiently with less labor, demand will exceed supply,thus ever increasing home prices. USA is letting in too many people into this country that aren't willing to work physically demanding jobs in the harsh elements.

2019 was tops a recession buff one was coming 2020 but miraculously Covid shows up Your home in 2020-22 be down say 20% so do it 19--300 21-249 19-300 Covid 490-550 Bubble

Grreat discussion,. Thanks Eric. I learnt so much from all three of you.

we are all standing on one leg to see what the f the fed is doing

Wrong! there is a productivity cycle like factories and hotels and farm land, its called "book value" and depreciation, and there is a cycle called "mark to market" thats a different accounting system and that is a far more huge amount of market share than residential, in residential its location location location thats got nothing to do with volume, thats just called market churn! Velosity does not affect price, only valuation affects price, high volume can be because houses are discounted and high volume can be because theyre luxury or exclussive, he makes no sense.

I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quiet mediocre neighbourhoods. Then you’ve got Better, average sized homes in nicer neighbourhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.

Which reits would be good to watch for when this Commerical market corrects, or will it just be that another bank will take the debts serviced and continue the mortgages?

one of the major reasons for the new homes being cheaper than the old homes is location location location. The older housing stock is closer to the urban core, and those properties are getting a boost. Those interior properties have rising property and land values. Meanwhile the newer less established neighborhoods are the ones with the new homes, and those are further away from the city centers. Thus they cost less. The extra cost is in travel and time expenses. However, as these outskirt area get larger, they inevitably become their own nodes and centers for commerce - or they just SUBURBANIZE to death.

The only thing that matters is what the people holding most of the money think is going to happen

LETS GO BRANDON.

What about all these corporations buying houses? I feel that played a very significant role

23:35 Hey so for this percentage figure on 70%-80% sellers are buyers, can you provide more detail on that? Maybe it's presumptuous to say that's historical but I'd be interested to see your data on homeowners with more than one residence, and is it likely that sellers come back stronger once we have rate cuts and these rental properties, for example, make their way to the sellers market?

Logan is bar none my favorite housing analyst for years now. Great job, Eric.

Gme, amc, cryptobros are back. That means financial conditin is not just tight.

This entire economy is punishing woman whom have more than two children!!! We have a family of eight and our food budget has doubled in just a year in a half and we don’t qualify for food stamps!!! I am pissed and will NOT get a HELOC or give the banks a dime of my wealth! I will buy hunting land to feed my family the entire group of elites are out of line!!!

Stock market is the last one to be bearish but first to be bullish. Nothing else.

The BLS consumer expenditure survey doesn't capture public healthcare which is why it appears consumption declines with age. In fact if you account for all goods and services it is flat. That's why an aging population is inflationary, more consumers and fewer people producing goods and services.

Did you account inflation and the cash bump to the rich during pandemic?

Fantastic content. Something that I love about business cycles and overall macro economics is the phenomenon that most economic trends are created by belief. Seeing this debate fuels two opposing ideas and I just love it. Full of good data points. Really enjoyable.

Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

Thanks Eric. One of the best debates on KZbin. It is not who is right or wrong but perspective.

lol, regardless who is right who is wrong, Brian definitely missed the rally and Danny is so chill because he is in a good position for now. Who knows what's gonna happen in the future, the record of any particular economists or macro investors are so unreliable that it makes no sense to make any investment decision based on the forecast.

In 2005 when I was 21 there were houses I could buy after working 1 year. Today it would take me 20-40 years to buy a house. The houses have gotten bigger, more expensive, and only people my age of 41 or older can possibly buy one. Good luck to young people. They aren’t even trying to build 1 to 2 bedroom homes of modest quality anymore.

Blows my mind that EPB has less than 1m subscribers

look at the bloody reserve balances from h.4.1, look at that hump since 2023 may sivb demise. if they wanna be restrictive they wouldnt have panicked and inject BTFP free money for banks!

Portugal and Spain have seen deflation in real estate? I don't know what planet you're on, Eric, but the price of housing in Lisbon and other large Spanish cities has increased exponentially. Furthermore, I have been in Portugal, Spain, France, Slovenia and Croatia this year and you simply cannot find even short-term stays that are affordable. To give you an example of Lisbon, the statistics point to a 20% increase in rents, but you simply cannot rent the apartment I was renting in 2016 for less than double. A friend of mine bought an apartment and sold it for literally double the value in less than 5 years too.

Hello game of trades, I really appreciate all the videos you’ve done. Where would I go to learn all of this stuff that you talk about in your videos. Did you take courses or go to university. Just want to learn this information for myself so I can explain to others as well.

Get rid of the Fed!!!

Danny is on the precipice of being hugely wrong. Market is going to tank like a bitch in the next 6 months or so. Hard landing is coming. Buffet market indicator is pegged.

The debate was over when Danny opened with, "It's different this time."

Zero down loans happening right now

Who cares? It's more expensive than people can afford. Capitalism failed at the most basic function of an economic system: keeping a roof over everyone's heads. There are a large number of simple things that could be done to bring housing prices down, but our system of legal bribery would never allow such a thing.