Another 2008 Housing Crash - Or Worse? Real Estate Bubble Explained

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In this video, Patrick Bet-David breaks down whether or not the housing market is going to crash.
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[@VALUETAINMENT]

Go to our sponsor betterhelp.com/valuetainment for 10% off your first month of therapy with BetterHelp and get matched with a therapist who will listen and help.

[@haveyouseenmyhandle]

You might want to go back and word betterhelp a little different because it seemed like you used them in 2008 and they started in 2015. I know what you meant for people that think is BS because it's not

[@kalidsherefuddin]

Thanks

[@xuantran1959]

‘

[@NaturallyLluvme]

Stay away from Better Help. It is a joke, and this is from personal experience. Look them up on the BBB.

[@babajidesonibare4835]

He said he went to A therapist in ‘08, not a better help therapist. All he did was illustrate why speaking to a licensed person about the issues are helpful. Increase your listening skills sir.

[@mamafane4584]

Exactly , I’ve been saying this for a long time we should stop worrying about what is coming instead prepare for when it comes .The market always recovers, take for example the 08 crash the market still bounced back , it might take long but it will definitely.

[@loukache7244]

@Jakari Wright I guess that's why the demand for investment-advisers sky-rocketed by over 41.8% since the pandemic according to investopedia talking about coaching, do u consider anyone worthy for recommendations? I have about 100k to test the waters now that stocks are at a discount...

[@elvismark5172]

Is it a good time to buy stocks right now? How long will it take for us to recover? I know everyone claims that equities are now inexpensive. the fact that other professionals in my sector often earn six figures. Although there are tactics to be applied in this market, the typical individual cannot access these strategies, hence I would be better off investing my money elsewhere. I am well aware of the costs associated with working more to get more money.

[@waynestones]

The top experts, however, have access to confidential information and data that is not made available to the broader public. Being knowledgeable enough to use them successfully is quite another. Big returns, not changing stochastics, are the key. Rewards and risks must be balanced. To reach your aim, pick the right size and turn your edge as often as necessary.

[@AnthonyHart34]

I concur; I've been in frequent communication with an investing advisor for more than 17 months. I definitely remember needing inspiration to keep my business running after a protracted divorce. I researched licensing consultants, sometimes known as portfolio coaches by some.

[@belginberk3443]

@@AnthonyHart34 I require suggestions on how to restore my portfolio and create more effective strategies in light of the huge declines. Where can I locate this instructor?

[@AnthonyHart34]

@@belginberk3443 My advisor "sharon lee casey" , is a highly respected financial consultant in the industry. For further information or to connect with her, a simple online search with her name will suffice. I wish you every success in your endeavors

[@thomaslewis514]

@@AnthonyHart34 I can see why She is so busy; her career and outstanding qualifications are Fascinating! So I immediately copied Sharon's complete name and pasted it into my browser.

[@Riggsnic_co]

I think a housing crash will happen because all those people who bought homes over asking price, although it was at a low interest rate, they are over their heads. They have no equity if the housing prices continue to go down, and if for whatever reason they cannot afford the house anymore and it goes into foreclosure because even if they try to sell, they will not make any money. I think this will happen to a lot of people especially with the massive layoff predicted for the future and the cost of living rising at a high speed.

[@TheJackCain-84]

For 2023, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.

[@martingiavarini]

I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!

[@bob.weaver72]

Mind if I ask you to recommend this particular coach you using their service?

[@martingiavarini]

"Carol Vivian Constable " maintains an online presence. Just make a simple search for her name online.

[@martingiavarini]

'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

[@keishaofthe]

I appreciate your approach to teaching.. To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough, we just need to hold onto our hopes and wait to see how things turn out because market movements are almost always unpredictable. In my portfolio, I'm noticing more red than green.

[@jenniferpowell23]

the stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.

[@mesutserim1595]

We are currently in the jaws of the worst bear markets I have seen, the average stock has been cut in half, and the only way to make money this year has been to either short or to trade long in very short time frames. I'm still at a crossroads deciding if to liquidate my dipping $117k stock portfolio, what’s the best way to take advantage of this bear market?

[@Alejandracamacho357]

Focus on two key objectives. First, stay protected by learning when to sell stocks to cut losses and capture profits. Second, prepare to profit when the market turns around.I recommend you seek the guidance a broker or financial advisor.

[@Patriciacraig599]

@@Alejandracamacho357 The uncertainties accompanying this present market is more reasons I have my daily investment decisions guided by a portfolio-coach seeing that their entire skillset is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, coupled with the exclusive analysis, it's quite impossible not to outperform. Netted over $550k in return on investment, since using a coach for about 2years.

[@Robertgriffinne]

@@Patriciacraig599 Do yo mind if I ask you recommend this particular coach you use their service? I have trouble knowing when to buy or sell.

[@Patriciacraig599]

@@Robertgriffinne Sure, the investment-advisor that guides me is Corinne Cecilia Heaney, she popular and has quite a following, so it shouldn't be a hassle to find her, just search her

[@Robertgriffinne]

@@Patriciacraig599 Thanks, could really use the recommendation, I've been losing a shit-ton lately, I looked up Sandrine and I wrote her detailing my Fin-market goals

[@billybrannon6394]

I personally cleared $230k of debt going aggressive in the other markets. Right now the markets are crazy but there are still hidden opportunities therein. Having monitored my portfolio performance return huge six figures from the last 2 quarters of last year, I have learned why the market will remain a money den for those who know where to look.

[@amirbrooks6530]

@Rich Szabo How can i get started when it comes to investing and passive income?

[@amirbrooks6530]

@Rich Szabo i looked her up on the web and she seems really proficient, thanks for sharing

[@StanleyHoffmann]

Having been in the Real Estate industry as a Lender and Investor for over 30 years, here is my 2 cents... The Housing market has been out of touch with reality for one reason, the cheap cost of money. A homebuyer does not look at a prospective home and say yep that home is worth 500,000. Instead, they say that home is going to cost me 2,500 per month and compare it to other homes in the same price range... As the cost of borrowing increases due to higher rates, that same homebuyer continues to look for the same payment. 1 of 2 things happen at this point....1. The homebuyer removes themselves from the prospective homebuyer category or 2. The Homebuyer lowers their expectations on what level of home they are willing to accept. Eventually, the home sellers begin to reduce prices to accommodate the Homebuyers payment requirement. You must also keep in mind the other related pressures that will begin to affect a persons individual finances. When the Fed raises interest rates it immediately impacts personal debt including auto loans and Credit cards. This in turn affects the consumers ability to even afford the 2,500 mortgage payment they originally earmarked. In addition a very unsettling precedent was set in the 2005-2008 crash, banks began to reduce limits on credit cards even if the person was making all the payments on time and as a consequence credit scores began to drop adding further pressure to potential homebuyers. Putting it all together: The snowball begins slowly..... No matter what else is going on in the world, Politically or Economically, Life goes on....People get Married, have Children, Get sick, loose jobs, get Divorced, Die etc. Financial delinquency's for Mortgage loans and other personal debt remain low due to having equity in a home and using it for a piggy bank as needed. If you removed this safety net from the equation the delinquency numbers would be elevated significantly. Unfortunately, many people who purchased a home or refinanced at these elevated values will see their equity all but disappear. This is important to understand because it is the tip of the spear so to speak. When people are faced with one of life's negative events and carry a heavy debt burden, the only way out is to eliminate the debt and the Bankruptcy commercials will once again reign. As people begin walking away from their homes and Foreclosures start to present themselves in neighborhoods, further downward pressures on home values will ensue and if it's bad enough can trap people into becoming upside down on the homes value even if they purchased at a much lower price point. I have never heard any Financial guru/Economist other than ‘Dr. Doom’ Roubini accurately call the size and speed of the snowball before it gets halfway down the hill. So, with that, take my input with a grain of salt and conduct research for yourself..... PS. One of the little known reasons for the shortage of single family homes was not that builders were not able to keep up with demand. In reality, many studies were conducted focusing on Millennials and Gen Z as they pertain to housing, mainly conducted by Hedge funds. The analysis showed that both groups but especially Gen Z would become life long renters and the big money began to flow to Multifamily housing. I guess they were wrong. Peace and prosperity to all....

[@MrRanch-fc2pe]

Thank you. Great input.

[@Jimjam482]

Thank you for sharing 🙏

[@riffraff8490]

Rarely do you get such insight. I certainly enjoyed reading your comment.

[@truchuynh211]

Very good input. Thanks so much

[@cravinbob]

Hey real estte person, no mention of zilow at all. They started the whole mess and the Fed kept interest low so people will still borrow from the central banks. Inflation is the interest on fiat currency and the oversupply of it. Zillow valued every house in the US almost and tripled the value so property tax is going up and selling is not going to get you a bigger house. Cities are short on housing.

[@stephaniea.mitchell8034]

We work for years to have , $1million while some people I know put thousand of dollars in some meme coins and they are millionaires.

[@tanjac.thomas5506]

I always wanted to trade crypto for a long time but the volatility in the price has been very confusing to me although I have watched many KZbin videos about it but I still find it hard to understand.

[@celineagnetha3574]

Like the analyst, I am positive about Bitcoin. I am sure that now it will begin to develop rapidly, it's very difficult to give an accurate forecast, but I prefer to trade my Bitcoin and accumulate more.

[@robertmyers3459]

I've been making passive income monthly from crypto for over a year but I prefer trading with the Help of Mentor or guide because it saves me time and reduces the risk of loosing.

[@richardk.mallard3533]

@@robertmyers3459 crypto is bringing a different revolution in the world of economy, people who are optimistic investor's earn consistently..others just sit and watch

[@tanjac.thomas5506]

@Sonia R. Hall .Excellent buddy how good are your earnings and do you have any recommendations or suggestions

[@tamaralucas7138]

There NEVER has been and NEVER will be a free lunch. My niece is a section eight tenant with six children from five fathers. For approximately two years she claimed every benefit she could while she still worked part-time at Uber Eats. (She drove and the children brought the food to the front door.) Her $2,300 per month HUD house was paid 100% by HUD, new hardwood floors, stainless steel appliances, granite countertops, 4 bed/3 baths. Along comes Jerome, Joe and Janet's printing press and she claims every benefit known to mankind. She made over $40,000 in free cash when nothing changed for her. Then HUD audited her and found out that she received all this free money as a GIG worker, so she now has to pay $500 per month for her home instead of $0.00. (She told HUD she didn't work in order to pay $0.00 for the home she was given. HUD also gave her a utility allowance to pay for utilities.) She sold the free car that I gave her, and bought a new to her car that has now been repossessed. The landlord is kicking her out because he wants to charge $2,800 per month and the HOA was constantly complaining about the grass not being cut, fights, items left in the yard, etc. She is now moving back into the gang infected area, without a car, and with very, very little money ($50). She thought the days of the government raining money on her would last forever and now she is in WORST shape than before the pandemic started. LET ME REPEAT SHE IS IN WORSE SHAPE THAN BEFORE THE PANDEMIC STARTED. The free money was good while it lasted and now, she has no hope of a car, a career or every getting into another HUD home again. This is what happens when you give tens of thousands of dollars to people that have no financial acumen at all. The two great years of free money will probably be followed by 10 miserable years for her, it not 20 years. FREE MONEY IS NEVER WORTH IT IF YOU DON'T EARN IT.

[@Simen2024]

6 kids 5 fathers and she is still working!!!! how garbage were fathers!!!! I think she deserve that life then. unbelievable

[@ohheyalan123]

Why the fuck do people use “worst” in place of “worse”!?!?

[@shinske3564]

@@ohheyalan123 Why do people like you get emotional enough to curse because of a KZbin comment? Grow up

[@shinske3564]

Sorry about your niece Tamara. I know regardless of our expectations and the stuff we go through with family, we still want to see them succeed. Wanting better for people who don't want to do better always leaves us feeling bad.

[@NoName-to5xl]

Yes it is , if you are financially smart. I lost my health working. My neighbour is happy on free money and was smart with it.

[@DaRealBenRichards]

This is the type of content I sub for

[@cryptocarpenter4157]

Facts!!

[@nosnerd1967]

Love him . Empirical data driven from a high value man

[@brucejones8961]

All his data says # of sales going down. Of course Compass dropped 10% agents, most areas are down on total number of sales by 20-30%. I don’t think he’s wrong that there’s a shift taking place right now but I think it’s a shift into a slow painful sideways market for 5+ years where homes just sort of stagnate and number of sales and number of listings stay incredibly low. Once the market moves sideways for a few years and cost of buying with new rates nullifies moving “up” from your current home with equity then inventory for rentals starts to go up. Now people who want to sell will have options with affordable rentals then maybe we can see some real downhill movement but it’s going to take 2-3 years to get that kind of momentum.

[@LuG8911]

Forrrrreal some NUMBERS >POLITICS

[@n4870s]

Hopium

[@alcantra87]

I was too young to see what happened in 2008 but as someone who has been working as an underwriter in the mortgage industry since 2010, he is spot on about the mortgage industry. The quality of mortgage applicants has never been this low in my career and a majority of my acquaintances and former co-workers are all out of work. My mother also worked in the mortgage industry for 30 years and her friends went from making 40k+/mo to having no job. My bonus plan was eliminated two weeks ago and we were told we were lucky to have a job. I also sold my home 6 months ago because it is going to be bad. I don't care if housing makes one more rally to 15% or even 30% higher, once real estate falls, it falls hard.

[@micperez819]

I'm curious what your take is on the corporations buying single family homes and owning 20% of the housing market

[@colecole3352]

I was a agent then my ex was then and then became again one of the top writers in the country. Its gonna happen again 100%

[@carlosarreguin8986]

@@colecole3352 for sure that’s a given no matter what

[@mrcodcommando3939]

Too young in 2008 but underwriter in 2010 ???? Two year blur lol

[@peterjszerszen]

@@mrcodcommando3939 You can be in your early 20s and too young to understand the magnitude of what was happening then.

[@instinctively_awesome8283]

Real estate crashing 40% wouldn't even be a crash… it would be 2019.

[@marianparker7502]

Sounds good to me!

[@Alejandracamacho357]

I think there will be foreclosures galore.

[@Natalieneptune469]

@@Alejandracamacho357 When?

[@wiebeplatt4749]

@@Alejandracamacho357 How can the typical family with average income afford a higher rate+ more expensive home? in my area multi generational home is becoming the norm . Don’t forget to add the inflation which just this week was 9.1 on the CPI , producers index 11.3, it’s going to be a rough ride for sure.

[@Robertgriffinne]

@@wiebeplatt4749 Time will tell how this period will treat people that never save, invest, lived beyond means, paycheck to paycheck, too many kids, too big of home, keeping up with the joneses with FOMO,YOLO, paying alimony, child support, etc…

[@jumpoffstake5875]

A housing "crash" should be expected just like everything else. The massive increases in value on almost every asset is obviously unsustainable. About a year ago I refinanced my house to a 10 yr mortgage at an absurd lower rate. My monthly payment went up $150/month and I shaved 8 years off my mortgage. All I did was cancel my TV provider and I was even lol. Live at or below your means, talk less, listen more and think for yourself.

[@tragic504]

We did similar a few years ago refinanced from 30yr to 15yr. Trying to actually pay that down in 5 to 7 yrs to be more liquid for when the next housing crash comes.

[@nickfit_]

My wife and I are at the tail end of closing on our home…we haven’t signed yet but should we hold off? Or see things through? I’m scared of being upside down in a Mortgage.

[@santosvision]

Sir, wonder why we havent had a reseccion since 08? a depression has been cooking since 2008... by 2029 it will make exacly 100 years (a century) since last time we were in depresison. But youre right, the cycle is here but its not a "reseccion" or "worst". Whats coming has a name, its called DEPRESSION!.... Covid, printing money, wars, riots, stock, crypty... you put everything thats going on in a blender you get only 3 things.... WW3, CIVIL WAR, ECONOMY DEPRESSION.

[@jesse_-]

@@nickfit_ go ahead and don’t close. See what happens. Many people in 2019 figured they wait, and now they are screwed. There’s simply not enough inventory for the market to normalize. Too many things holding up those high prices. Besides, those that usually try to time the market lose out. Also, do not be surprised if the seller doesn’t keep your deposit. I would keep it, just for you wasting my time.

[@th-cg7iu]

@@nickfit_ No, If you have a decent job and money saved, why worry. There is a shortage of homes and there is a shortage of labor due to Demographics. World population is decreasing. These channels are just producing FUD. Black Rock is buying real estate like mad. Assets like BTC and land will long run go higher due to money printing. It is math.

[@lathamwilfred1181]

Not real estate again, The stock market is one of the most enticing sector to invest your money; however, investing in stocks is often risky due to the constant fluctuations that result in huge gains and losses for investors; however, if you can manage the risk, you can use the stock market to secure your financial position and generate income.

[@hillaryflinch2334]

Building a good financial-portfolio has been more complex since covid, so I would recommend you seek professional support. This way you can get strategies designed to address your unique long-term goals and financial dreams.

[@yolandagriffin2030]

@@hillaryflinch2334 yes true, I thought I was doing alright profit wise, until I needed assistance with diversification, I reached out to a coach and in less than a year I made over [$750k] in net profit which is like 6x more than I make on my own

[@kathiewest5842]

@@yolandagriffin2030 How can one find a verifiable financial Planner, I buy the idea of employing the services of a Financial Advisor because finding that balance between saving and living requires counsel.

[@yolandagriffin2030]

The advisor I use is “Dawn Marie Gatti” she's verifiable , so you could just search her.

[@cylondon8374]

@@yolandagriffin2030 This recommendation is coming at the right time because i am literally grasping for straws atm! I looked her--up online and scheduled a phone call with her.

[@HaoNguyen-dl1tu]

When you invest you're buying a day you don't have to work

[@HaoNguyen-dl1tu]

Many thinks bitcoin investment is only profitable when the market price is going up but from my knowledge and experience I can boldly say to you that investing in bitcoin is profitable both in bulls and in bears all you need is the right information

[@alexgorham7464]

@@HaoNguyen-dl1tu True! Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. The stock market has plenty of opportunities to earn which I myself took advantage of. I made my first million from going diverse, mainly ETFs(stocks, bonds etc), bitcoin , and gold. I'm also working on an investment plan that includes NFTs with my advisor, Katie . It's been a year and half of steady growth.

[@velentevictor9435]

@@HaoNguyen-dl1tu What actually the idea behind this bitcoin investment,I have been watching some videos and I was thinking about investing in bitcoin , but still don't know where to start from

[@estherramirez4116]

@@velentevictor9435 Same here ,It's strange how people talk about all the profits, they've been making through investing in bitcoin, while am here not making any profit at all. Please can Someone put me through on the right path.

[@anthonygold6583]

@@velentevictor9435 Most time having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that bitcoin investment is one of the profitable money exchange services that elevates investors and their financial status.

[@t-bonesteak1502]

Great video, but lose the background fear music.

[@thestandardbarber1708]

I agree

[@ChampIXPOL]

Why? It makes the video better!

[@jeffrojefferson88]

Totally, it's too much.

[@zzerxes]

No

[@noname-rv7yh]

Agree

[@ivankrushensky]

Another factor to consider that many people aren't talking about, which was caused by the extremely low interest rates, is the fact that many people are in homes that they can't afford routine maintenance on, as well as many of the bills (insurance, A/C, heat, electricity, etc.). As Pat pointed out in the beginning, a low interest rate makes an expensive home much more affordable. The issue is, those homes also have much higher monthly expenses in terms of the routine bills. Many people walked in thinking "heck, I can do $2k a month. I was already paying close to that for my smaller home or apartment." But they don't realize that their electric bill is now going to be triple what it was. Along with property taxes, insurance and nearly everything else. Then tack on this inflation, and next thing you know they are way out of their league in terms of expenses.

[@jc7887]

Yep the electric bill is KILLING me on my 4500 sf house in Houston with these 100 plus degree days. Keeping it on 77 and its still over 500 bucks this past month. The Fall can't come soon enough. Water bill was 250, etc.

[@ollMariusllo]

aaand after all of this you need to add the layoffs

[@cmbc24]

Not only are the utilities high, throw in maintenance costs. water heater/boiler, A/C condenser, washer/dishwasher etc. Those are the things the average home buyer rarely budgets for. So, if you buy a house that is 500k or more, typically you are going to have higher end appliances. If the warranty hasn't expired, it can get very expensive. I'm talking about a house in the suburbs on city sewer and water. I live in an unincorporated city with my own well and septic system so I had to put in a water system to treat my water and it still causes problems and is expensive to fix. I was talking to the appliance guy who was out fixing my washer and he told me the average years most people get out of their washer machines is 3-5 years!!! I couldn't believe it. Of course, some are more lucky than others and get a little bit more but wow was I floored.

[@dariana_p]

I currently rent.. and im trying to downgrade but I would pay more for a 2/2 than if I renew my 3/2right now 🤦

[@Keepskatin]

@Ivan Krulenshy Let it crash, too many greedy rich bastards, most got rich being scamming , swindlers, and price gougers. I hope it crashes, we need deflation ❗🙇🏿‍♂️

[@m.r.5379]

One thing is certain a recession is now the ‘most likely outcome for the economy. How can I grow my portfolio to outpace inflation and maintain a successful long-term strategy? I have been reading of investors making about $250k profit in this current crashing market, and I need ideas on how to achieve similar profits.

[@beltran3353]

On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal port-folio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my port-folio this red season. I’ve made over $150k since then

[@beltran3353]

Having a coach is key to portfolio diversification, My advisor is "Helen Melissia Carneal" You can easily look her up, she has years of financial market experience.

[@28made5]

I agree how can I sign up

[@realtechgirl]

Amazing information! I’ve been in real estate for 20+ years and have been telling my agents for 2+ years that a massive sift is coming. The writing is on the wall. Double digit increases year over year are not sustainable. THANK YOU!

[@gswdaniel]

Lmaol! Your brain is toasted!

[@johnle231]

What does that mean? What are you sayings gonna happen

[@colecole3352]

@@gswdaniel You need to be educated.

[@arthurfonzarelli9828]

I'm sure the double digit increases aren't going to happen but does that mean that everything is going to tank the key sand? That's the real question I don't think anybody really thinks double digit increases would continue

[@Localized904]

Am I the only one who knows that in 2021, you COULD NOT foreclose on a borrower/tenant. So, the 700% increase in foreclosures is not in context. Food for thought.

[@summaryjudgment]

Isn't the 700% increase in foreclosures compared to 2021 a bit inflated since foreclosures were essentially halted during the pandemic?

[@mo7881]

It's still new housing inventory coming on to the market. People were able to stay in their homes during the pandemic

[@developingtycoon5316]

exactly and now add the fear porn background music to that line lol. but the rest of what he was saying appears valid, its just that part there i was disappointed about.

[@mexreax4493]

Yes. House prices will go down slowly not like in 08

[@JasonSmith-pl2ut]

@@mexreax4493 You mean they’ll stabilize by appreciating slower….there, I fixed it for you

[@chaldunalder]

Exactly. Dave Ramsey even pointed this out in his video over the housing market a few days ago.

[@lightyourway4929]

Thank you for sharing. Always helpful to understand the market and rates.

[@GettingGood]

A watch from Pat is a Reminder to get into action ! Thanks a ton !

[@yaadmangaming]

Elite content, this was well put together

[@alexnickla4223]

PBD, appreciate you and the video. Disclaimer, I am a RE Sales Team Leader. We met at SLS at The Breakers. Thanks for all you do brother. A few months ago I would have said this headline is complete BS. With rates rising at the pace they are, much of what you’re saying is definitely possible or probably with the rates continually rising. However, there are parts of the data I think you are missing. You REALLY should get David Childress who’s the President of Keeping Current Matters (KCM) on PBD Pod. KCM is the world leader in all RE data. There’s a few points I think that are missing to paint the big picture. Some of those include percentage of homes that are owned free and clear (35%), and the number of homes with a mortgage that have at least 50% equity (1 out of 2 homes), among others. David on PBD Pod would be phenomenal. Overall, values HAVE to slow down. It has not been sustainable. In some markets, they must come down and will be heavier than others. I just think a PBD Pod with David from KCM would be incredible for the show and for a great debate. Completely unbiased, factual knowledge. See you at The Vault, brother.

[@dashsubzero8885]

This. Well put. Correction, not crash.

[@IsmaelDiazIAGoupeFinancier]

Thank you for sharing all this information! It helps a lot !

[@nohopeequalsnofear3242]

Wow....amazing video! Thank you. You clearly put in a lot of professional work on this

[@ArifHidayat]

This is the Patrick I love, anw great background & setup! Nice team

[@uglahhmane]

Great webinar yesterday Pat!

[@eddycastellanos1140]

the You tube video I have seen in a long time,thank you sir for all the date and the details

[@mruizsr]

Great insight, Pat! Thank you🙏

[@ReventureConsulting]

Great video! I’m curious - where did you get the graphs? ; )

[@AgentWillP]

I'm a real estate agent, but I always go with and appreciate a straight forward approach on the data and the market. We can't can control the market, just our work ethic especially if you are self employed, get up and go.

[@devonkincaid360]

Patrick love your honesty brother! Keep the content coming!

[@fnyack]

Thank you Patrick, very educational.

[@BradHolkesvig]

I have gone through these housing market crashes several times since my body was birthed into this world in 1954. I remember warning my son in 2006 about buying a house him and his wife fell in love with. They were able to sell their condo and have enough money as a down payment to buy a house I knew they wouldn't be able to afford once the housing market changed. In 2012, they had to foreclose on their loan from the bank after his company had to shut down during the poor economy that started in 2008 but fortunately, his wife's name wasn't on the loan so they were able to buy another home in 2013 of much lesser value by her signing up as the homebuyer and getting the loan they needed to buy it with. They were just lucky they didn't lose the ability to get another loan from the bank after foreclosing on that other loan. If they both had their names on that loan instead of my son's half brother's signature, they wouldn't have been able to get a loan for several years until they came up with enough down payment for another loan.

[@freeestyleobsessed]

So what’s your opinion about the current real estate market? Is there a bubble? What are you thoughts? Thanks

[@stayswervin554]

You should always pay attention to what your elders say

[@rcortez3899]

Poor half brother 👀

[@BradHolkesvig]

@@freeestyleobsessed When people borrow money from their family or friends for a down payment in order to get a loan from a bank, it's time to quit buying homes if you have lots of money to spend. The peak of crazy minded people buying homes was this past year. Two of my sons are waiting for the housing market to crash so they can finally afford to buy one. Like my story shows, my oldest son managed to get through the crash in 2008-2009 that I knew was coming because of my experiences in 1990 and 2000 which wasn't too bad in some areas of the U.S. but in California, many people lost lots of money after buying a home they could not afford. My first experience with a downward economy was in the late 1970's and early 80's when we bought farmland for $1400 per acre and by the time the banks wanted us to pay off some debt, the land was worth only $700 per acre. Needless to say, our family farm was sold off to pay for the land we paid $1400 per acre for that the bank loaned us the money to pay for it.

[@BradHolkesvig]

@@rcortez3899 He has managed to do okay too by eventually buying a condo. His grandparents are wealthy so he won't have any financial worries in the future.

[@selenajack2036]

One of the dangers of short term investing in an inflationary real estate market is the risk of getting caught in a real estate bubble.

[@adenmall7596]

This market is crazy! I've been in real estate almost 20 years and I have never seen anything like it. Your average Joe can not afford a home in this market and it's sad. I pray daily this market balance out for the better.

[@bsetdays6784]

I have been disabled since 2010 and I am 58 years old, any ideas of financial options I can explore since real estate isn't an option atm!. I am under pressure to invest my reserve of $120k.what can I do?

[@carter3294]

@bset With Patrice’s Carol overseeing, I’ve been able to select well run companies with strong finances and a history of shareholder friendly management practices that have made me good gains in the past months..

[@bsetdays6784]

Right??parker..I understand it is possible to lose money, since stocks don’t have principal guarantees...Researched Patrice and her strategies are Top Notch..proceeded to schedule a call..

[@cuddyb9631]

With strong financial knowledge, works on fundamental analysis and strong DD, one can beat the market. Investing in VOO/QQQ and sector etfs I have somehow beat the market, because of Patrice’s help.

[@phillipanthony8205]

Spitting Facts, keep up the good work

[@georgeduarte8627]

Thank You for the video, please keep us informed.

[@EdgarPerez_96]

💯💯 Great content

[@k9spjack]

I inherited a really nice house in Southern California last year from a family member. My Attorney made a huge mistake and didn't do a title search on the house for outstanding loans against the house. Well it turned out that there was two outstanding loans against the house that I was not aware of. I received the deed to the house and the very next week, I received a "notice of foreclosed house auction sale date on the house I just inherited." I had to pay 22K to get the house out of foreclosure. And what my new Attorney was shocked at was the speed at which Union Bank went to foreclosure on the house and refused to work with me to get the loans against the house current. Luckily, I had the 22K to stop the foreclosure. But how many middle class families out there have that kind of money to save their house!

[@sagancobra6402]

Dad that’s a nightmare

[@guyrosin4753]

Sorry to hear that. Did you pay the amateur attorney?

[@grendelprime166]

Should find those individual bankers and step on their face.

[@willt.8645]

This is going to happen a lot more in the near future as the elderly people that used the HAMP and HARP programs in the late 2000's start to die off. The dramatic rises in value have created a massive opportunity for banks to quickly swoop in and those descendants without massive amounts of cash are going to get screwed.

[@unavocatepice]

My sister and I went through something similar after our father passed a number of years ago. There were no liens against the properties, but the attorney my father hired did NOT fund the trust. It was a huge mess! Needless to say, the attorney my father hired before he passed away was fired and we found someone who was very competent to help us navigate probate.

[@jaxjaxvang4910]

Great info! Appreciate your inputs! All the best👏🙏💞

[@stellaStellara]

Wow Patrick, Awesome Information thank you!!!

[@LifeAboveTube]

Umm 700%...there was a mortgage foreclosure moratorium...so yeah there would be an increase. This just made all your "stats" fishy because you chose not to present the whole truth. Just a bunch of misrepresented numbers to skew your video to make your statements seems true. I just bought a house and feel perfectly fine. My mortgage is less that 30% of my take home. The key is to buy a house when you are ready...instead of taking advise from a random guy on youtube. Side note...nice Jason Bourne music to make it more intense.

[@TheMoneyGPS]

Very good analysis. Feel like a Money GPS episode. Much appreciated Patrick.

[@rakeshresearch]

You are very good too!

[@cxMLG]

Keep it up! We need you more active on Twitter or discord community to share stats

[@dynamitedmoney]

Absolutely fantastic facts and data - thank you!

[@libertyordeath8351]

Great Info Pat, Thank You!

[@grantmail4112]

This was such a great video... when you spoke about levels of supply & demand 11:20 this was really clear to see how this can affect the market. (Buyers < Sellers)

[@whatsapchat0039]

Let's talk ✍️✍️☝️☝️

[@MicahEddyOfficial]

I love that you ended with, "the future looks bright" after every terrifying thing you predicted. Haha! Great content as always. Thank you for keeping us informed and up to date!

[@ClaytonEidson]

The Future is Bright IF you "prepare"

[@danawhiteisagenius8654]

@@ClaytonEidson don’t forget to predict and persevere lol

[@BradHolkesvig]

The future is bright for those who have most of their wealth invested without much debt. Debt is a killer in slowed down economies.

[@danawhiteisagenius8654]

@@BradHolkesvig good point I’m trying to get ahead of some light CC debt rn because I anticipate a recession

[@BradHolkesvig]

@@danawhiteisagenius8654 The system we're living in almost forces people to live in debt which is the worst possible way to live. I have been debt free for 20 years now and live with the little income I have. I went bankrupt twice in my life and it is not a fun experience if you want to buy anything afterwards. Even with a foreclosure in your resume is enough to keep you from getting a house in the future unless you have friends or family you can borrow money from which one of my friends did to get his first house in California after he went through a foreclosure on his condo in North Dakota. He ended up becoming pretty wealthy until he died of a brain cancer a few years ago.

[@augustopanama8905]

Great information and teaching! Thank you!

[@richierich440007]

Thanks Patrick, you’re always on the ball and then some. We LOVE Valuetainment on all levels 👊🇺🇸

[@fitenergy8896]

Being very analytical, I love how you always break down the data. Also, this video was insanely produced! Thank you PBD and the whole valutainment team!

[@patientmagnet5348]

700% more foreclosures because the banks COULDNT foreclose, there were next to no foreclosures with the moratorium. This is worth noting when puffing the foreclosures increase statistic, Pat.

[@pdc0075]

agreed, he failed to mention the main reason for the 700% increase in foreclosures, which as you just pointed out, is the moratorium. The foreclosure rate high since 2005 was 2.23% in 2010. In 2009 it was 2.21%, 2011 was 1.45%. 2019 (pre-covid) was .36%., 2020 was .16% and 2021 was .11% (moratorium result). 700% of .11% is .88% which puts us back to where we were around 2014 and considering the backlog we are dealing with due to the moratorium I believe this will be a healthy correction for the RE market. I'm not saying Pat's data is wrong, in fact it is correct, but it fails to provide a complete perspective. However, big picture he is 100% right, save cash and be ready to buy assets at a discount.

[@cnote3598]

Yes and hes not mentioning that foreclosures won't be going to ppl.. they'll be sold to private investing firms..

[@b-rare]

this video is just entertainment. you can look at charts history 'fact's "news articles (lol)" as much as you want. no body knows baby! 10% interest rates is when i lost interest in the video lmao. if that happens thats literally country suicide. say goodbye to ammurrica if that happens. no one can afford that shit there will be a depression not a recession. feds wont allow that. once recession hits for sure and its talked about, the rates will come down again . keep in mind theres an aging demographic and lots of old people have money in stocks and real estate so that needs to remain. feds control it all

[@abdalasoufan5245]

Very poor research from him… also the refi % vs last year.why would people refi with higher rate ? That doesn’t make sense.. most of his numbers are invalid

[@b-rare]

yea i forgot to add that foreclosures were so low during the pandemic probably because of the moratorium so if anything theyre prob at average rates now . facts are all about what mind frame youre in when reviewing them. no one can predict a crash. they usually happen when no ones talking about them. i can see price decline but not some huge 50% drop its ridiculous to think of it. Feds arent going to keep rates high for long. once we hear 'recession' in the news and inflation starting to come down , feds will have no choice but to drop rates to get things going again or else we go into depression. and with an aging demographic millions and millions retiring in the next 5-10 years, they need their stock and real estate money. If that doesnt bounce back up quick , well say good bye to the entire country lol. feds wouldn't allow suicide like that. rates will be normalized within the next 2 years maximum

[@kenk100]

Excellent video, opened my eyes to the real estate markets

[@artgrusensky121]

great job you are very clear and interesting

[@EG-hw8re]

Pat, I must say, you are the most sensible person I've found on KZbin. Smart, and I love your analysis.

[@jdilly559]

Loan Officer here to confirm everything he’s saying is true. It’s rough out there.

[@MarcREA23]

And what about crypto? If central. Banks impose their shit CBDCs that means privacy coins will explode. Cash cash cash... Cash will be removed and we will be track like animals.

[@guyrosin4753]

So you saying if I want to come down to the bank to get some frog skins I got to deal with you? “That’s right-loan denied!

[@ChampIXPOL]

Thank you for another good video PAT!! Can we get a video on how to research our industries? 🙏🏼

[@Luchy137]

Good explanation and fast 🌴

[@YouCanHasAccount]

Good video just wanted to point out the 700% increase in foreclosure rate is misleading considering there has been a moratorium on foreclosures and evictions.

[@bobbyg5615]

Yep.

[@JJ-ud1xr]

His source is trash anyways.

[@MortgageNerdPS]

Bingo, this is all fear mongering!

[@thomasnizami7357]

@@JJ-ud1xr what do you mean?

[@realestate233]

Valuetainment please show the actual report data from Attom Data Solutions. I've been in the mortgage industry for 20+ years and this info might sound misleading please provide a screenshot of this report .. just trying to avoid any misleading info =)

[@invictus_virtus]

I love how informative your video is and appreciate the numbers and graphs 📈 My question is, why would anyone refi when interest rates are up from where they were a year ago? Interest rates are directly correlated to refinancing. Nobody's going to refinance into a higher interest rate.

[@erikrodriguez975]

exactly that's why he said the loan officers are already hurting because less people are refinancing

[@jeromehenry4484]

Only reason to refinance is if existing mortgage is an ARM/Adjustable Rate Mortgage, especially if it's getting near maturity with a balloon payment.

[@mikeghirmay2669]

Thank you Patrick !

[@ronaldjones1274]

Thanks for breaking it down so it's easy to understand.

[@FG-ep2zc]

At 6:12, Pat says,”If you were to buy the same 500k loan…”, that’s EXACTLY it. You buy a loan NOT a house. You BUY a house , when you buy the house with cash. Even then, because you are being taxed on the house every year, you don’t really own the house. If you have investments that can pay the property tax , then this would be ideal. However, this is very difficult to achieve….

[@rbtc2030]

Love the intense music Fear 😨

[@kennynoel2863]

Love the production on this one.

[@TinyCantina]

Just wanna give you a big thanks brotha!!! Appreciate you

[@apm9507]

This was a 20 minute informative and detailed video that moved at the pace of an epic James Bond action scene. Good work Bet-David! US Army veteran light wheeled mechanics rule!

[@songwo6316]

Nice content! Few years back i was assistant to a wealthy pen artist and within the short period i worked with him i observed that he had quite a chunk of investment everywhere, stocks, crypto, dividend investing to name a few, so he had revenues coming in from all angles. And in a year his worth doubled. With this i learned that the rich stay rich by investing.

[@milda5020]

i agree with this but the problem now is getting to make the right investments, Lots of people tend to lose their money while investing thereby making them lose interest and also end up discouraging other individuals around them.

[@songwo6316]

@@milda5020 I think the major challenges investors face may range from controlling impulsiveness to the frail of compulsion. Most newbies and would-be investors often undermine and most often neglect the importance of technical analysis with regards to investing. Technical analysis overly predicts the movement of asset prices regardless of what is happening in the wider or broader market. Essentially, the process involves studying the paths of a particular asset movement in the past so as to establish a sustainable pattern that can be used to predict future movements or better still get an investment advisor who'd guide you and help you manage your portfolio just like my boss back then, He was working with an IA Nicole Brusher and i would bet he still does. I can boldly recommend her because i've witnessed her performance first hand. She's the real deal.

[@milda5020]

@@songwo6316 How can I get across to her?

[@songwo6316]

She's on tel 'gram

[@FranklinMeza485]

i've come across her on a news broadcast

[@dextertonyascott9996]

This info is AMAZING! Thank you for sharing

[@j.r.briones5460]

Perfectly Said ! Patrick👍

[@markballard1515]

You have to take the things experts like Ramsey says with a grain of salt. After the 08 crash, the experts said we would never see home values appreciate as rapidly as they did leading up to the crash again. They were dead wrong.

[@sebastienbolduc5654]

A lot of "experts" were also wrong about the pandemic too! People behave in self interest, including those who work within certain industries. If the ship is sinking they will tell everyone that everything is okay,. Just cask in and buy your cruise vacation. They will BS every time. The difference now with mortgages is that global economies have reached their end game, especially due to the economic hit from the pandemic. The golden years of low interest rates are never coming back. This will definitely effect residential and commercial prices. It takes more than demand to keep a market afloat, it takes affordability. The demand will still be there, no doubt. The difference is that in order to sustain that demand, with higher interest rates, the prices must lower. Banks are like a casino, the house always wins.

[@markballard1515]

@@sebastienbolduc5654 Call me a synic, but there seems to be no one or nothing left to exploit. Everybody knows how to play the game now. From what I understand there's even a few countries that won't except petro dollars. The fed has used all of it's tools I think. What's left, some kind of war?

[@TexasRiverRat31254]

Ramsey is heavily invested in Colorado Springs real estate, he needs to keep the market propped up.

[@CamMoralesFinance]

Experts are idiots.

[@chrisdacosta4182]

What you are talking about is exactly what I have been expecting to happen. I sold my home of 18 years last November, completely exited the markets and am sitting in cash just waiting for the fireside sales. But my gut is telling me this is going to take longer then 6-12 months more to play out. Maybe another 2 years to bleed off all that injected bloat in assets. And then there is the FED to make things more muddy and screw with the natural order. Already seeing cracks in economies around the world. Something bad is going to happen, probably not the same as 2008 but something like it and maybe worse. All I can do now is wait and watch it happen. Like Burry said, “watching a plane slowly crash”.

[@jeanpollock6893]

Yeah, and where are you living? That cash is not going to buy you a thing now or in the future

[@BingBongBagels]

@@jeanpollock6893 you can just rent an apartment for a couple years

[@felixvega8199]

Ahhh yeah! 🙌🏽 Good mention on what is going on with the world around us. I appreciate this a ton when considering what is our(family) next step.

[@hosammazzawi]

Great video sir👏

[@garrettlangford]

Great content! The only stat that seemed misleading was the foreclosure stat. 2020 had forbearance and historic property value increases. Nobody, very few rather, were foreclosing in 2020.

[@Jeeezification]

I was thinking the same thing. 700% up from last year is logical seeing as there was a moratorium on foreclosures.

[@davidhudson3001]

@@ericalorraine7943lookup Teresa Jensen White, this is her name online, she's the real investment prodigy since the crash and have help me recovered my loses

[@alhajishehu7037]

Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future

[@lezliewhicker8450]

Investment now will be wise but the truth is investing on your own will be a high risk. I think it will be best to get a professional👌

[@dr.ervingalen1777]

@@davidhudson3001Thank you for the information, i just lookup her name online and found her accreditation on FINRA and SEC, she seems really solid. I leave her a mail on her webpage🙏

[@shanegaldeira9010]

That’s why we are stacking our chips up now. I been working 7 days a week for the last 4 months. So when this hits. We will be ready. My wife is super pissed. But she will thank me later. Thank you Pat. God bless you all. My business has grown by 600%. The paint industry has been booming. So my guys are on 7 days a week. Good luck guys and gals.

[@MrBen23]

Hey Shane. I was thinking of starting a paint business in my area. What if there is a housing market crash? Do you think the revenue of running paint business may dry up some? Any advice would be appreciated.

[@MikeJones-tx6iu]

Thanks for your insight Pat 👍🏾 !

[@mullerk2]

Excellent presentation, Patrick

[@wayward03]

I've looked at a lot of this information. The only issue I have is with the foreclosure data. You did mention the total amount but gave no reference to pre pandemic norms. Why this is important is that most states placed a moratorium on evictions and foreclosures. Granted I think the spike still matters as you should be able to simply sell your home if the market was still healthy.

[@uninsurable9028]

My house has been the best investment I ever made. My housing costs have stayed the same for 12 years. Renters can’t say that unless they have been moving to cheaper places as their rents increase. Being able to control your housing costs is huge.

[@laurenwilliams777]

U probably got a house in a market like CA. Because that statement isn’t true for the majority of home owners. It’s actually much cheaper to simply keep renting.

[@MA-vk1md]

Those who missed the boat to buy or refi is not in a good position. Anything bought 2021 got lucky.

[@ryanwalthuis1928]

Not everyone had the opportunity to buy in 2012

[@stefaniecuadra2582]

@@laurenwilliams777 how? unless you have rent control I dont see how this could be true

[@joep7917]

That's not exactly true. You have periodic repairs to make on your home that add to its cost. Taxes typically go up as does insurance and other bills. The only cost that is generally fixed is a mortgage.

[@OzzMONEY]

love this much appreciated

[@crys1511]

thank you for the info, very helpful !

[@carolinekellysarin3282]

I'm novice to the stock market but doing well with housing, I have 340k set aside to invest for early retirement, I'm already 32. My major concern is that I ponder a lot how to beat the market irrespective of what the manipulators are doing.

[@romanshevy257]

Gold and silver to preserve your wealth.

[@dianajung6126]

It’s not reckless to be aware of what’s going on. Most so busy working 9-5 on the hamster wheel they don’t have time to study our complex financial system.

[@markjaeyoungchoi7261]

you need a professional's help especially if you're a newbie because planners know better how the markets turn out. Unless you have the discipline to conduct diligent fundamental research, then I’d suggest seeking assistance of a seasoned financial planner

[@roseannemelissant2453]

@@markjaeyoungchoi7261 when you are handing over your financial responsibilities to someone else, you are never learning how to manage these responsibilities yourself and yet , you will spend more requiring a professionals assistance

[@fatbodybuilder2421]

@@markjaeyoungchoi7261 For a newbie it does help seeking assistance and I will be glad to get the help of one, how does yours work?

[@ryandannenhauer]

I’ve been savings a ton of money getting ready to sell my condo and buy a house next year. This video is super motivating, I feel like next year will be a great time to buy

[@Houthiandtheblowfish]

you cant get a loan next year even if its at a lower rate

[@hudsongully]

just make sure you do dilligence on your state. it varies by state

[@dsj9831]

@@Houthiandtheblowfish Lol! I bet that crystal ball has made you billions.

[@kzmaven7478]

Great content - thank you so much...!

[@bartdekoker1337]

Great video!!

[@johannesluken949]

Such great free content! I'm unbelievably thankful! Here in Germany, I see so many young families running into the biggest mistake of their lives by buying 500k houses having 3k monthly income and only fixed interest rates of 2% for 5-10 years. When it goes even up to 6% they're all done! Sad to see that but good for people who know about that situation and use it as an opportunity.

[@dejabu24]

Interesting , but if it’s fixed interest rates, would they still be affected by this , most real-estate aficionados will tell you no

[@HairyPixels]

Were these Germans educated in America? I can't believe you guys are making those same dumb mistakes.

[@kjfurr]

@@dejabu24 maybe I read him wrong, but looked like he said their 2% fixed was only for 5-10 years. Maybe he didn't mean fixed? May be there what got us here in 2008 when people's rates went up when they weren't in a fixed.

[@johannesluken949]

@@dejabu24 of course it will affect them. Let's assume from 500k they paid 200k off after 10 years. Then there is 300k left to pay of with an interest rate of 9% now. e.g.: 500k with 3% --> 1250€/month left 300k with 9% --> 2250€/month That's a lot!

[@johannesluken949]

@@HairyPixels I put it very simple here- I think culture plays a major role. Germans were told to "save" money (Sparbuch = savings book) not invest money. They think buying a big house to live with your family is an asset (what it almost was 30 years ago) but it's a liability, especially now. Times have changed.

[@anitahamlin2411]

I was selling real estate in the 80's and yes, they did go to 18% and it hurt! In order to even make a dent in the inflation rates Powell has to go to double digits. I am taking advantage of the lull and going to ask for a price cut. The sellers know the gig is up. If in the future, we have a dip I will refinance. I need to get out of Los Angeles. Homes in the middle of nowhere are on the market longer and price cuts have been pretty consistently. I don't intend to leave for a long time if ever and can do the payment. Loans may be harder to get in the future as tightening will happen also. As things go downhill, I am looking to escape L.A. Traditionally 30-year fixed loans have been 7.7% on average. My payment will be around the same as my $300 rent raise or less. Gonna roll the dice on this if I find a good spot. I will be happily growing a garden with a well over the country's largest aquafer for the next few years in a house with no neighbors out of Los Angeles and the lovely tent cities and all that comes with them.

[@johnowen5446]

That was an interesting watch. Thank you

[@NewTheoryMagazine]

Great stuff 🍿

[@vicwiseman6038]

The real question is this: can the federal government afford to pay 9% interest on its debt today? The answer is NO, not without raising taxes drastically. So, IMO the Fed WILL chicken out well before we hit 6%.

[@MrSERGEANT100]

Thats what I don't understand. Even WEAK men know you can't live easy forever. Hard decisions have to be made. They just want to do anything to avoid making it because the accountability is too much. Hate to break it to 'Emm but eh... the only way you can avoid that is if you immediately DIE after your decision being made.

[@juice8225]

Pat I just realized your team references Musk alot, but never had him on the show. A must have over the next year, let's make it happen!

[@chris-cy5ed]

Hes been on

[@juice8225]

@@chris-cy5ed are you sure? I've watched nearly every long-form VT episode in the last few years and don't recall him being on

[@alloutnutrition3446]

GREAT video !

[@VANCOUVERHOUSEFINDER]

Patrick . As always , another good point of view

[@queenbee4637]

Pat, I am not gonna lie, I've been looking forward to this big crash. I sold my house 2yrs ago when everyone was buying, and now I am one of the vultures circling in the sky waiting for carcasses.

[@dzumba9897]

Me too, I’m waiting for the drop. Sold one apartment 1year ago. Made profit . 1 apartment rented out with no mortgage . Only mortgage is my residing family home where me and my wife share. Now I’m waiting to buy a house next to a UNI so I can make a lot of bedrooms and rent it to students. Will be at lest be a 4k month profit.

[@LinneaLindstrom]

Same

[@NoName-to5xl]

Same. Im renting with 300k ready to deploy after the purge.

[@TheLemonYogurt]

Sorry but that was a really dumb move. This video is garbage. People need places to live and there isn’t enough inventory. Supply and demand.

[@gswdaniel]

Lol and you will be waiting forever because you believed rats like this guy! No housing crash! Not even a 1% change! Biden keeps letting millions into our country daily! Where do you thing they will live! You are out of luck!

[@jacobvanveit3437]

Could builders cover costs by renting new builds? Why sell at a loss or break even? The rental market is still going up as people arnt able to afford buying a home. Just a thought

[@BingBongBagels]

Well if they have a loan they need to pay then the only option is to sell. Depends on how the Financed the project

[@user-ct3jp7ph3w]

Thank you for your information

[@johnvenediktov5747]

Thanks again Patrick love the content

[@rosiepatrick2775]

Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works.

[@aloypascal2799]

The Ms Suzy Jone investment has proved to me through her platform that they are still God fearing brokers online....

[@mariarobb5564]

I couldn't believe myself untill got a profit of $10,500 with an initial startup capital of $2.500 in 2 days.thank you Ms Suzy for showing transparency

[@mitchelhassin9842]

I invested $2000 with her and made good profit $6800. it was not much but I think it's safe and less to risk.

[@gurametsadashvili1888]

In my opinion Saving without investing is terrible idea. Savings are good, but they can't guarantee financial freedom.

[@user-xv4cq4hv9j]

@Collins Anthonio Yes.She's always open to accept and assist beginners at any given time.