Buying a House is Impossible Now

Seriously, good luck.
#sotrueyall #itsasouthernthing

[@angieemm]

As someone who is currently looking for a home almost literally anywhere in my home state of Texas, I'm laughing and crying simultaneously.

[@rosalindr4975]

Just went through it in central Florida! Best wishes. Our realtor was amazing, southern heritage, LaBelle Florida.

[@erins9008]

Me too! It's hilarious but heartbreaking at the same time.

[@carrieblowe9163]

Same but in north carolina

[@MrReddevil420]

Don't live in Texas then lmao

[@joycebowen8958]

Me too. And at California mansion prices.

[@brennathompson1855]

I just want to thank the sweet, elderly couple who sold their home of 30+ years to me (a mortgage AND an inspection contingency) over an all-cash offer with all contingencies waived. We need more people like you in this world.

[@dsig6124]

Similar situation. Recently bought a home in Nashville, wrote a letter about intention to live in it, and use it for family / work... owner was moved and even refused cash offers over asking to meet offer put in. There are good people out there who want their home to be a home and not another "investment property" that will be flipped, and sold in less than 2 months of being bought at a ridiculously higher amount

[@kimberlyjones8152]

@@dsig6124 same story for us with our home and we wrote a letter too

[@annodomino3935]

Only way to save American home buying is for families to refuse to sell to big investors for cash and only sell to families. Thank God for good people like these.

[@ukiahhawkins2786]

The State of Oregon recently banned the practice of writing "love letters" to the homeowner. The reasoning was "discrimination". It's awful.

[@kimberlyjones8152]

@@ukiahhawkins2786 that's freaked up

[@cisium1184]

When does the comedy sketch start? Because all I see is spirit-crushing reality.

[@ZeeNastee]

If you aren't able to laugh at misfortune then you haven't had enough of it yet.

[@highbrass3749]

Most comedy is.

[@GrandDuchessAniya]

Laughing to keep from crying.

[@micheledeetlefs6041]

My husband and I bought our house for $150,000 in Nashville at a time when that was the median home price in 2010. Nothing much has changed about our neighborhood and we really haven't made any innovations. We replaced the roof after a storm about 8 years ago, and 11 years ago we got a new AC unit. We are constantly getting three to five phone calls a day offering us up to $425,000 for the exact same house. Yeah, the market is wackadoodle.

[@SethTheXenocide]

I am a real estate appraiser in Alabama and literally yesterday I appraised a house of a guy I went to college with. They bought it in 2017 for 170k. Now they've done a ton of work to it, completely renovated the entire house and converted a carport into extra rooms. A decent family neighborhood but nothing fancy. I appraised it at 470k. I didn't want to, but I have to because the market says that is its current value on today's market. It's absolutely crazy. At some point everything will crash and prices will become sane again, but I can't tell you when.

[@shaunofthedead3000]

They told you what they are doing. You will own nothing, you will have nothing, and you will be happy.

[@obelus5985]

Our house has gone up $150,000 in a year. This inflation is insane. I'm not looking forward to the taxes.

[@micheledeetlefs6041]

@@obelus5985 In a lot of areas like Nashville, it's not inflation driving up the price. About 7 years ago, Nashville became the 'fun City" to come see. And a lot of out-of-state and out of country investors started buying up homes to turn them into short-term rentals, just like the joke made this video. And that's pretty much why all these unsolicited calls I have are for cash offers from out of area buyers. And that's why I ignore them. I live in a nice, quiet neighborhood full of kids. The last thing in the world I want to do to my neighbors is have a bunch of drunk ass partiers playing music all night long while the neighborhood children try to sleep because it's a school day tomorrow.

[@neilis2405]

Yeah same - I bought in 2013 for $115k and the identical model as mine across the street just sold for $315k in less than a week. Honestly it'd be a great time to sell but if I did I'd basically then be a BUYER in this market which I certainly don't want.

[@Bella-cb5xe]

We bought our home in ‘04 and we literally cannot get the opportunists to leave us alone. We are within spitting distance of having it paid off. We didn’t sacrifice during the hard times and bust our fannies rebuilding after a natural disaster to let someone else cash in. Now we just want to hang onto it for our child because I worry that home ownership is increasingly out of reach for her generation.

[@XxxXxx-wq2kk]

Same.. I bought mine in '09. I struggled, and did without to pay off my house.. I bought cheap, this is the last house I will buy. I know that.. I wanted cheap property taxes.. I didn't want to end up losing my house as an old lady.. My taxes are double what they were. My house is worth more than double what I paid for it.. I feel like I lost. In the meantime I've got agents calling me trying to talk me into selling. It doesn't work that way. There are no cheap houses to buy to replace mine.. And I can't/won't do another mortgage. (I'm too old fot that sh3t) I wish they would believe me when I say I don't want to sell. I wish they'd believe me, that I know more about my finances than they do.. I wish they'd leave me alone..

[@XxxXxx-wq2kk]

Hang onto your house with both hands.. For your child, but also for yourself. You're right about home ownership. So much has to change before we see anything close to normal.. and "Normal" never implied "easy".

[@mrseliephant]

Same. Bought a house, holding onto it, paying it off, and gifting it to our children when we die. Purchase laws should be changed or younger generations won't ever own anything.

[@galamander_1327]

@@mrseliephant Agree. It should be illegal to own more homes than you or your family can ever possibly live in.

[@jpkjnn6733]

@@galamander_1327 i don't know about that, but there definitely needs to be some sort of effort to clamp down on foreign investment firms (or domestic ones) snapping up properties by the tens of thousands or there will be a permanent second class that will never own property and be beholden to corporate interests the rest of their lives.

[@saffiegirl4158]

Last year we made offers on fifteen houses, all at over fifteen thousand over asking. All were either sold at twenty to fifty over asking or with a cash offer. We wound up getting lucky(if you can call it that) by buying a house from an elderly man who wanted to move in with his kids. We’re still working on issues a year later and I DESPISE the city, but it’s a 3-bedroom brick and is the perfect home if it were anywhere but here. On a side note, we bought the home at $250,000. It is now valued at $300,000 and some change. And why did we move? We were renting from a landlord who ended our lease to take advantage of the ridiculous housing market! 😂😂😂

[@sethralavode9012]

That’s what’s going on right there. Something is buying up all these properties, forcing people to rent and ridiculous prices because they can no longer afford to buy a house. *Blackrock*

[@heidifruchtl354]

I bought my place 10 years ago. According to zillow, I could sell it for 3-4 times what I bought it for. My parents who live a mile away, and they bought the year I was born, it could go for over a million. Location Location Location

[@jdinhuntsvilleal4514]

@@heidifruchtl354 Forget Zillow -- they don't know how to estimate. My home just got an evaluation at $310K, and Zillow shows it at $410K. Just up the street there was a much larger home which sold earlier this year for $400K and Zillow is currently showing it at $610K. 9_9

[@heidifruchtl354]

@@jdinhuntsvilleal4514 yeah, a neighbor of my parents, who unfortunately passed from covid, his house sold for $806k, smaller house, smaller lot. Realtors kept calling my folks offering to list their house. My sister just checked, and they can possibly get 1.4 million. They don't want to sell. Tbh, I'm interested in their house. I'm disabled and I can negotiate the house well. My sister isn't interested. She has a house.

[@lostbutfreesoul]

A small home in the bay went for 1.5 million over asking... just, makes me think.

[@elmtree33]

As a broker with over 13 years in the industry, this video is a totally accurate representation of today's housing market. I'm so sick of it that I've stepped away until sanity returns. Personally I hate to see people buying without inspections, over asking, and if you're getting a mortgage just forget about it. I have a couple people who are financing that we have been looking and offering more than one year. Every. Stinking. Time..."sorry, we have a cash offer for over asking and no contingencies/inspections." Also, too many rookie agents in the business without ethics who got in just wanting to make a quick buck--can't stand working with them either.

[@edwardbartoneb]

I remember that the home owner was required to provide the termite and home inspection reports. Then there where clauses in the contract that if the septic system, roofing or foundation issues/repairs are required on the house within the first year after the purchase of the home. It was up to the last home seller to pay for the repairs if the issues were not included in the inspection reports. Now these money pits are listed as is and way overpriced.

[@rachelle_banks]

I understand why that is troubling. I know someone who has dealt in Real Estate for decades who is also taking a break. She and I were discussing the effect of how many companies are buying up lots the homes now and renting them out at a ridiculous rate.

[@causticchameleon7861]

I won’t let my buyers skip an inspection BUT some are making stipulations to not ask for repairs. Instead of repairs, I have gotten estimates of safety repairs and asked the seller to either reduce the price by the repair estimate or contribute that amount to the buyers closing costs.

[@causticchameleon7861]

@@omardelmar yeah, those sellers are starting wake up that they are now buyers and in that buyers position.

[@Shadowbreather747]

It's Chinese companies making these offers... The sanity will not return. They will force high rent prices until they bring in their own citizens to inhabit our neighborhoods. We will be homeless.

[@coeurdecastor892]

I want to go to the Museum of Fried Cupcakes!

[@ariadnefrolich7243]

2:37 Omg, I actually own that house! It's currently packed away in the attic of my dad's house lol.

[@ItsaSouthernThing]

It’s worth $350K now.

[@ladyelectrik]

@@ItsaSouthernThing 😂

[@lynnpayne9519]

Your sitting on a gold mine! List it now.

[@brazenserpent7]

@@lynnpayne9519 You're*

[@chrbotno1920]

My partner and I are super excited about the potential for the housing market to crash. That's how us poor people get in to get our first home 😂

[@desyreemalig9329]

the housing market will never crash due to the super wealthy buying everything

[@JYYB]

Amen to that!! Lol 😅

[@jpkjnn6733]

"Crashing" is a relative term.

[@lynnpayne9519]

Also, wait for the " silver Tsunami ". Baby Boomers will be moving to an underground unit very soon. Many more options will open then. As long as we have some new regulations on ownership, I predict we will have a glut of homes on the market by 2030.

[@susanhenry6834]

I it always crashes after big tax breaks for corporations and rich. This time covid slowed the fall. Last time it fell was 1/2 asking price now plus 100,000. So will fall to 2009 0lus 100,000. Market is flooding j9w with homes and lowering the price within 2 weeks of listing. Crazy times but soon will be affordable if the rich don't scoop them up as real estate is always safe bet investment.

[@emmittsmith482]

My wife and I were fortunate enough to close on our house in 2020 literally a week before this madness started. We only paid $1000 over asking so the owners would pay closing costs. I can’t imagine paying 10’s and 100’s of thousands over asking, I can’t imagine being so greedy that you force someone to make such an instantly negative investment. When we do eventually outgrow this house I will gladly sell it to someone who genuinely wants it and I will not force them to pay an arm and a leg for it.

[@ghostlyrose8946]

When we out grow our house, we are planning on putting on an extension. It will be cheaper and less stressful than selling, buying and moving at this point!

[@TigerLilly4495]

We started house hunting in March of 2020 and managed to find a foreclosure in a fantastic neighborhood. We had zero competition and were able to get the price down by 10k. We just had our home appraised a few months ago and it's now worth $183k. We bought it for $124k in June of 2020. We couldn't even afford our own house now

[@hotpocketbagel]

what even is "outgrowing" a house

[@flamingpieherman9822]

Love how they put in the company in Dubai buying all the mailboxes...instead of saying blackrock...sad this is all so true especially here in Tampa.

[@rosalindr4975]

I heard Miami too.. in LaBelle, corporations bought up 3 of our 5 retirement communities. Long standing snow birds were forced out . Terrible shame.

[@pugsabi]

Black rock is a scourge and should be illegal

[@elmtree33]

It's the great reset, folks. Big money trying to turn everybody into renters rather than land owners...kind of like serfdom.

[@Backinblackbunny009]

My dude, marx predicted this like 200yrs ago. Anyone looking at how capitalism works could see this coming. The new deal slowed the process but this was inevitable. The great reset is just fascists looking for any scapegoats they can to justify their rise to power same as Hitler using the socialists and Jews in Germany

[@teachingislife9508]

In Texas they purchased all of the affordable housing less than 100k and sold it for 250k and above...😒

[@aranelangel]

My Grandmother passed away in January of 2019, leaving her house to my aunt. She was a very caring woman and whenever someone needed somewhere safe to land, she provided that. She helped so many people get back on their feet, and some of us were still living under her roof when she passed. Covid actually saved our asses from getting kicked out, but my aunt is so money hungry over this market, she's ready to sell the house for the money, thinking she's going to easily buy another, and another after that with the price on this one. Besides being a completely unrealistic scenario, this house's mortgage was paid off decades ago. There's nothing to worry about but the taxes and she's a senior citizen, so that's less than someone of my generation has to pay. And yet, despite this wonderful gift her mother left her, all she can focus on is getting the highest possible asking price. In order to end up in mortgage debt for the rest of her life. Just so some building company can buy the house for the address, tear it down, build something larger in it's place and charge ten families the biannual tax rate in monthly rent. Wackadoodle doesn't even begin to cover this market's nonsense.

[@desyreemalig9329]

maybe she's selling it so she can live in a luxury retirement home?

[@aranelangel]

@@desyreemalig9329 She wants to buy another home and a second after that. She doesn't want to do this in a more financially viable state or even in another portion of this one. We live in NYC.

[@ZeeNastee]

At this point even buying food is getting difficult.

[@rosalindr4975]

& gas Yup

[@rayjohnson2387]

@@rosalindr4975 $75.00 for a tank of gas...a car...not an suv

[@TheKyPerson]

Bread and milk are way up in price and I haven't had beef in months.

[@rayjohnson2387]

@@TheKyPerson I haven't had a steak in a year lol

[@ZeeNastee]

@@TheKyPerson They say it's only going to get worse. I'm poor, I don't know how I'm going to do this.

[@JULYXXIV]

I'm laughing and crying at the same time! I've all but given up on my house hunt. This sketch is PERFECTION!!!

[@andrealmoseley6575]

It took us 3 years in Idaho

[@JULYXXIV]

@@andrealmoseley6575 3 years?! Is that in Boise? Coeur d'Alene? Here in Kansas City, no sooner than we get the notification of a new property for sale, it disappears. This is especially the case in the southwest suburbs.

[@laurao3274]

My husband keeps trying to convince me that we need to buy a house. Except we'd be first time home owners, so we'd essentially be throwing our money away in this market. I came of age in the 2008 housing crisis. I'll wait, thanks.

[@yelling3874]

My parents bought their first house for $150,000 a little over 25 years ago. Today that house is worth $630,000 when I google it. It's impossible for me to move back to my hometown. I get incredibly sad whenever I drive through places that remind me of it.

[@asaxon6930]

It's heartbreaking

[@MephistoAngel]

That’s like us at age 70. We moved away to care for my late parents and we moved back due to being tired of the 4 hour a day commute to and from work. We moved back and the market goes crazy and we can’t afford to buy even if we were dumb enough to want to buy an overpriced slum house. We may have to move thousands of miles away from family in order to own again before we die

[@cherilauterio2658]

I bought my first house 30 years ago (still live in it and it’s paid off) for $65 thousand and it now lists for $475 thousand. Luckily I bought 3 other houses when the market was good or my 3 kids, who all work good jobs, would not be able to afford a place to live without roommates. I feel sorry for people needing to buy a home now.

[@shaunofthedead3000]

This is what happens when you allow foreign countries to buy houses and land using shell corporations and conglomerations. And before you say China...think smaller. All you have to do is follow the money.

[@fabricdragon]

not just countries. lots and LOTS of home grown speculators and large USA corps that buy up property and rent it out

[@hijodelaisla275]

"conglomerations"

[@WayToVibe]

If you don't mind living in a mobile home, there are some affordable living options in South Carolina. It's not "out in the boonies" when it's "a charming wooded lot." You may have to fight a coyote to get to your car.

[@smramos1979]

Until the developers buy them up, tear them down, and put up apartments. It's what's happening in Southern California right now.

[@WayToVibe]

@@smramos1979 If developers want to move out into the sticks of South Carolina, a state whose main source of population growth is libertarians who've turned the state into a social experiment, and put up apartment complexes, then go for it. I'm gonna pop some corn and sit back to see exactly when they realize what a horrible idea that is.

[@Backinblackbunny009]

I spent the last 16 years in nc, just moved back to NV last October and while the trailers themselves are mostly fine (if young enough and have been modified to qualify for a home loan) the well water is basically a death sentence for your kids. The cancer rate for kids drinking well water is truly insane. The state absolutely dgaf about babies dying from leukemia. Pro life my ass!

[@SuperSenshi]

I'm going through this currently... it's not just houses; apartments, townhouses, condos, everything is too expensive to live in... Our lease runs out at the end of July and I'm freaking out because we can't even afford a cardboard box on the side of the road at the rate things are going

[@theoriginalchefboyoboy6025]

Cardboard box? You'll be lucky! I'm currently living in a lake, just outside the mill where I work 25 1/2 hours a day. Been eating gravel for breakfast the last year or so to make ends meet...

[@MattU4970]

If you go with the cardboard box theme, I can duct tape (FlexSeal extra) together a bunch of boxes I have at work. How many rooms you want?

[@SuperSenshi]

@@theoriginalchefboyoboy6025 Oof... hopefully you're getting enough iron in your diet? XD

[@SuperSenshi]

@@MattU4970 Make it two rooms with FlexTape, and you've got a deal. XD But yo, real talk, I'm straight up panicking... the people who took over our leasing office will be changing the rent from $875 a month (includes all utilities except internet) to $1550 a month with no utilities included. Oh, but they do advertise lovely perks like "trash valet".... 9_9

[@AKHWJ3ST]

@@MattU4970 Do you have any two-story?

[@aaronlopez492]

This may be comedy to you but living in Los Angeles you are spot-on. A two room house in Westchester first sold for $250k in 1986, today it list for $1.44m. And it's two and a half miles from Marina del Rey, not the beach.

[@SusieQ3]

@@Leunenkoenig You can earn that in California, but it doesn't go very far.

[@jeanbean1390]

It's not comedy. It is the situation here in Nashville and Middle Tennessee for sure. 😤😡

[@lawr5764]

@@Leunenkoenig MOST of us in the USA don't either.

[@chunkymunkey9182]

Thats because the cost of living is way higher there than most other states, also people make more there.

[@annabelgrace1267]

That is ridiculous. Are you sure you don't live in Australia? You'd find something that stupidly priced in some cities for something that size. An apartment sold for 1.3 million AUD, almost an hour from the beach.

[@KTplease]

I’m heartbroken for the young professionals trying to get into the market. I bought my first home at 23 for $60k on the west side of Nashville circa 2003. Now you can’t get a small house bc they’ve torn them all down to build two on each lot. My ❤️ hurts for you, young folks!

[@TheGlock30owner]

My grandfather bought a house for $5000 cash in 1962 in East Nashville. My mother lives in it currently and she has people offering her over $500k.

[@animallovekingdom8103]

@@TheGlock30owner back when 3 salaries would pay your house . big house

[@appleonaya2659]

Graduate degree and have two careers - teacher and health care. I was homeless twice in the last two years. This is so accurate! I'm torn about laughing or crying. Thank you for posting the truth. Love!

[@andrealmoseley6575]

Similar here in Idaho (TX transplant). Where are you looking?

[@AludraEltaninAltair]

I'm so sorry that's happened. It really is a desperate time. We just arrived at the new place we are supposed to be renting and even though in a way less nice place with no amenities and completely unnaintained it's a third more monthly than our last place. I only moved because I need to be close enough to take care of my mom. It's hard to imagine how we get through all this.

[@appleonaya2659]

@@andrealmoseley6575 I was living in North Idaho.

[@appleonaya2659]

@@AludraEltaninAltair I'm so sorry. This is so horrible for so many!

[@Briansgate]

This would be utterly ridiculous if the prices weren't getting this bad.

[@3arthIsGhetto]

Thanks It's A Southern Thing for continued awesome content! I love how y'all do swaps from skits to taste challenges to (insert random theme here). Keeps it fresh and fun!

[@pennybrooks6079]

The housing market is insane. It used to be you made an offer and they accepted or declined or negotiated but now houses are being bid on like they are listed eBay.

[@rmo9808]

Foreign investors using the US housing market as a bank

[@butterflyslinky]

@@rmo9808 Or domestic property management companies buying them up to rent out for outrageous prices or use as AirBNBs.

[@rmo9808]

@@butterflyslinky there should be a local unoccupied domicile tax. If these things are going to be in a state they should be paying state taxes.

[@somerflowers]

It’s so crazy right now everywhere! Our neighbors sold their house, asking $589,000 and got $800,000! 1500 square feet and 1 bath. Not updated since it was only one owner since 1942. I miss my neighbor so much. I miss the cost of when we bought this house 8 years ago too 😳I feel for everyone who’s trying to find a place to buy 😖

[@rjules1083]

Are you in Florida?! I’m in Orlando and it’s crazy to think that some of the houses in my neighborhood are over half a million! There’s a neighborhood across the street from me, and a house just sold for 1.1 million. I was flabbergasted 😮

[@free22]

That’s the work of private equity firms. The strange thing is the prices of many homes in California aren’t going up nearly as fast as they are in other parts of the country. Look at what they are doing to North Carolina home prices for example. California has had an insufficiently small supply of homes for years and that’s why the prices are so high. But that’s not the case in other states. In other states, these housing price increases are all created artificially by outside investors.

[@somerflowers]

@@rjules1083 no, I’m in Washington state about 45 minutes outside of Seattle. It’s just crazy everywhere!

[@PurpleRose8725]

@@free22 that has to do with the California exodus. People are leaving.

[@free22]

@@PurpleRose8725 That is an exaggeration. In 2021, the population in California went down 0.3%. However, California is enormous compared to most Southern states, so to you, it might seem like a bunch of Californians are taking over your neighborhoods. Most Californians are leaving expensive cities like San Francisco and LA and moving to less expensive areas in California. Real estate still isn’t rising as fast in California because they are not the targets of private equity firms. California is not attractive from a real estate investing perspective. North Carolina, however, is a real estate investor’s dream and they know what they are doing.

[@FleshGolem420]

If they can scrape up a half million we're only using about half of our Harry Potter closet.

[@charrydog22]

All in all, the real estate agent did have a very good sales pitch for each home

[@MrsAlmaTrumble]

Fried cupcakes?! That sounds amazing.

[@volforlife]

The fact the you can barely rent a closet in today's economy for under $2000 a month now, this is so true

[@skydiverclassc2031]

I might be interested in that tent. Does it have a Goretex roof?

[@cisium1184]

I basically lived in a tent six days a week for six months. I can see how I could do it for the rest of my life if I had to. It wouldn't be fun, it wouldn't be very safe, and it wouldn't always smell good - but it's doable. The two most important factors are personal security and access to a shower. Everything else you can fudge.

[@andrealmoseley6575]

It's tempting

[@Backinblackbunny009]

The home for most people in 2040

[@Bigfoottehchipmunk]

Sad and funny at the same time. I will NOT sublet to plastic dinosaurs again though. They hurt when you step on them in the dark. I am more and more content with my very old house in need of repairs. I know some people who have purchased homes in the past year, and it's not even exciting anymore. A fallen through short sale became an opportunity, but they still paid well over the value.

[@LEE-kq9tq]

This was.... funny but dark and depressing too. So glad we have our home. We WERE thinking about trying to find something out in the country but pfft, not right now we're not.

[@GrandDuchessAniya]

Ditto but closer to the beach.

[@williamhutcheson6511]

My daughter and her husband bought a house two years ago in Columbia S.C. I can't help but think they slipped by and mercifully avoided a load of aggravations.

[@dedhampster4730]

We bought our home in Cola SC in 2012 for 137k and the house next store just sold for 219k. It was going to sell for 250k+, but I went over to beg my neighbors to consider my friend who was a real person with kids instead of an investor. My friend, who got the house out of pity/goodwill but still overpaid, still had to waive any inspections, closing costs, etc. The house was a mess when he moved in. We spent the first weekend shampooing the carpet and making basic repairs that would have been expected of the seller a few years ago. Now people will take a house with dog poop on the front mat as a for sale sign/open house and be happy for it.

[@unbreakable4650]

@@dedhampster4730 this is crazy ‼️congrats on your friend landing a house however that was overkill and just taking advantage SMH 💔

[@dedhampster4730]

@@unbreakable4650 Unfortunately, that is the way real estate has been. The home builders don’t want to take on a new subdivision unless it is over a certain percentage profit margin and price per unit. Apartments are needed (and actually better for population density and transient populations) but only private investors build those and they too want only luxury units for price/profit margin per unit. I am pretty sure in 5ish years when the economy stabilizes everyone who flocked from “expensive areas” like the north east will go back and the southeastern states will have a glut of empty luxury type homes available for a good price relative to the lasting inflation. I was joking that we should watch the housing market in places like DC, PN, NY, etc to see when they start to bottom out. Sell our homes at the top dollar right before the mass migration back and then buy 2 houses for the price of one, a main large house and smaller house for rental or aging parents close by.

[@erins9008]

This is so funny, but sadly true. I can't believe the prices on the (terrible) houses out there, especially in the Fort Worth Texas area.

[@thelanetrain6888]

Yes! We live in FW and houses in our neighborhood are listed for $400+ …we are in Wedgwood 😆 love our neighborhood, but I can’t imagine paying that now. Thankfully bought our house 5 years ago when it wasn’t so crazy

[@andrealmoseley6575]

@@thelanetrain6888 we lived in Wedgwood for 17 years. Graduated seminary, moved where we thought we had a job. Got there and proces increased 30% first year. Took 3 years to get a house. Ran through savings. Tried to come back and things had doubled.

[@katiebwheeler]

I just bought a cute house in central Texas (not Austin) for 110k 3bd 2 ba over 1/4 acre and 12x14’ semi detached laundry/bonus room……

[@3arthIsGhetto]

As ridiculous as some of the options may seem, they really aren't too far off the mark😭💀

[@Thehouseoffail]

Screams in Floridian.

[@brianaverly6391]

I haven't fully watched this yet but the title is true

[@barmanvarn]

I don't know when it'll happen but I think the market is going to eventually correct itself and a ton of people are going to find themselves upside down on their mortgage.

[@willp.8120]

This can't last. People can't afford to buy. I guess they don't mind the idea of struggling. When prices correct, you are going to see some upset people who intentionally bankrupt, which will further lower prices. To buy right now is unwise, as I think waiting out this high price period ( don't see how it can last more than two years) is best if you can do it.

[@Backinblackbunny009]

Not if Blackstone owns all the homes. They're too big to fail....🙄

[@eurekahope5310]

In my area prices are already falling. While late summer cooling is common, the price cuts are deeper than typical. The market is unsustainable as a modest family home will require an annual income of $150,000.

[@eurekahope5310]

@@Backinblackbunny009 I hope enough of us have wised up to Blackstone to pester our lawmakers to let the corrupt corporations pay for their greed.

[@standupbroad6648]

@Brian Varnell - Hang in there buddy. I remember the crash in 2008, knew people who LOST their homes because instead of paying cash (which they could have done), they took out a mortgage and played the stock market. Oops, both markets crashed and some of them found themselves back in a tiny apartment at age 75. Talk to your CPA for verification re: making a double payment every month (on a 30 year fixed rate) pays it off in about 6 years. Been there, did that, SO glad.

[@DoktorTaiko]

I just paused looking for a flat to buy when I saw that there was a new video. I feel watched

[@cylversprings]

If it's around the Birmingham area, its because my brother is buying them to flip.

[@sirrliv]

Oh gods, painfully true. And what's worse, since the Great Recession of 2008, nobody's interested in building new single-family houses anymore; it's all apartment complexes nowadays. Up and down I-35 from San Antonio to Austin it used to be new housing developments left right and center; some of the old house factories have even been turned into churches. But since the market started "recovering" (in BIG airquotes), all developers are interested in building are rental properties. And guess what: All those new apartments are STILL too expensive for low-income families, which is pretty much all we have around here (unless you moved from California, in which case git yer boujy butt back where you came from, Texas is FULL). Only house houses left were either built 100 years ago or are so dumpy and in such bad locations that they've sat in the realtor's office for years because nobody wanted them. But when you're desperate and just lost your childhood home of 28 years to ridiculously inflating property taxes, it's amazing what a lick of paint can do. Oh, and that's not even counting the city or state building any more water supplies or power plants to juice up all this runaway growth. And good luck installing rainwater tanks in a state where it don't rain, or finding a solar company that's not a known scam or won't burn down your garage like the house across the street!

[@Ricky19821]

That’s why I’m trying to get out of San Antonio, ASAP.

[@_kyt_]

In defense of people moving out of state, its bc the market is insane everywhere right now and looking elsewhere is the only feasible option. I'm at the point I'm considering buying a shed and insulating that. I just want to stop renting. Mortgage prices are lower here but there's nothing available that isn't a 55+ community or being immediately bought for more cash than I've ever owned!

[@Red-ej6he]

Wish the boujy Cali people would stay in boujy Cali instead of moving to the south and trying to make boujy Cali. I now want to move out of my home county and find the smallest unincorporated city I can to get away.

[@jenniferbryant2700]

Yes. Texas is FULL.... You all can't take the humidity anyway.... Stay in Cali and fix the mess.... Don't bring the mess here.

[@Ricky19821]

@@jenniferbryant2700 that’s exactly what’s happening…. Time for this Jersey boy to find another town around San Antonio

[@ashleyl2344]

It's ridiculous that there's no one to work yet the housing market went through the roof. No pun intended. Did all the houses get bought up for use as air bnbs? What would have cost us 300k a few years ago are now half a million dollars. I don't get it!

[@chrisstyles5955]

Homes are being bought in bulk by deep pocketed people with the intention of renting them out at insanely high prices, until we are all completely broke.

[@3arthIsGhetto]

Unemployment is down since 2021 lol

[@highbrass3749]

@@chrisstyles5955 you’ll own nothing and be unhappy.

[@robylove9190]

It's not that no one wants to work. They just can't live on minimum wage.

[@rosalindr4975]

In central Florida, LaBelle, corporations bought up the retirement communities and our elderly have no place try can afford now. So thankful my elderly mom is in a resident owned park.

[@burnyizland]

Haha hahaha hahaha I can't stop laughing as I try to avoid homelessness and worry if my son has any future on this planet at all hahahahaha....\ It was a really funny skit though. Just a little TOO true to give me that lighthearted escape comedy usually does.

[@Backinblackbunny009]

I tell my kids that suicide is not the answer but ter rori sm is looking more and more like the only solution.

[@lynnpayne9519]

He will have a chance. By then all the Boomers will be in or under some place named Sunset retirement village and cremation grounds.

[@masonpyle5929]

Museum of fried cupcakes.😂😂😂

[@brittanys.7191]

Bought our home in 2019 (three offers within 48hrs) and now it’s worth $100,000+ what we paid. I’m so thankful we did this before the market became terribly vicious.

[@Nathan-en9dn]

Good for you, but that will crash soon with the recession. Good news is that it won't go under what you paid for it unless a ton of people bought houses they couldn't afford.... How likely is that, right?

[@nwatson2773]

The property taxes

[@WhiteRaven696]

As a 28 year old currently finalizing the process of buying my first house, I have NEVER had to jump through so many darn hoops.

[@rosalindr4975]

Don’t give up ! Haven’t seen it this bad before & I’m 57. We are finally moving this weekend, after 8 months looking & getting outbid numerous times. Our realtor was amazing and helped us so much. God bless you and your new adventures

[@springerworks002]

Why would you? Your just empowering this nonsense. I have over 100k for a house, but I'm not jumping till the market drops. I set up a camer van till then.

[@crazycatguy5715]

@@springerworks002 It is a lot of work and a lot of hoops but it is worth it in the end. Don't be intimidated though, chin up and don't get discouraged. We ended up finding our house ourselves; still used our realtor for the purchase but we had to do the legwork. We got sick of being constantly outbid.

[@sethralavode9012]

Paying $50k over value isn’t something people should be doing. Does nobody remember the housing crash of ‘08?

[@reynoldscs]

@@sethralavode9012 No kidding, this won't last forever. I don't think it will take more then a year.

[@joshmckinney3254]

My wife and I just bought our first house 2 months ago. In 3 weeks, we went to 49 showings and put in 18 different offers all 15-35k over asking price. One house had 22 offers the same day it listed, and another sold for $250k OVER ASKING PRICE. That's like buying 1 house for the price of two, y'all! It almost hurts how true this video was.

[@animallovekingdom8103]

remember the 80s where 3 times your annual salary could pay off your mortgage

[@freyaegrey]

That tent would literally cost a couple million in New York or LA.

[@rosalindr4975]

Or Boston

[@smramos1979]

Or Virginia. That's actually the worst place to buy a home right now.

[@elizabethw.6154]

Yeah even Ohio it's like that. I've looked the state capitol all the way down to the super small rural towns hours away, and it's all the same. Houses with dozens of offers, and sky High prices.

[@suzannehartmann946]

Museum of fried cupcakes. I love how they just threw that out there and casually moved on lol.

[@cmiddleton8575]

I just want to say that as always I love your channel and all the hilarious videos and cast. You are a truly a diverse group of southerners that represent the Real charm of the south! And in this one I found another aspect to love. You show an interracial couple and I'm loving it!! The south is great not because of our past shortcomings and difference, but in spite of them!!!🌹😁🤗 We ALL share in the history of our beloved south both good parts and bad. Black, white, yellow, brown, Jew and Gentile, male, female, straight, gay or bi, I'm a proud southerner who just happens to be black!!!!🌹😁🤗 Question how do you get to become cast member, I'd love to become one myself!!😄

[@NikkiSchumacherOfficial]

Don't worry y'all. It will correct. Just ride it out. It's already starting to correct.

[@JasonMoir]

"Natural fluorescent light" 🤣

[@RogueShadowTCN]

I thought this was comedy... Too real y'all... Bless your heart...

[@jonkeau5155]

When the likes are higher than 10% of the view count you know it hits a nail on the head…

[@catmom6830]

If owning more than one house was illegal and investment firms weren't allowed in private real estate this would NOT be happening.

[@AludraEltaninAltair]

And that would require laws/regulation, which our legislature has absolutely 0 interest in doing seeing as they profit from current conditions.

[@NativeWarrior88]

Owning more than one house should NOT be illegal! Why shouldnt I be allowed to have a winter and a summer home, if I want to?! Companies shouldnt be allowed to price gouge!

[@SamBrickell]

"The Museum of Fried Cupcakes" :D

[@alanithomas9380]

This is so accurate that it makes me very angry with our government. Like what are your citizens supposed to do, live in their cars? If they even have that. They talk about tent cities getting bad, but yet they are singal handedly createing their own homeless nation, because people can not even hardly afford to breath air basically. This is so sad, it truly is.

[@JudyGurl]

"the museum of fried cupcakes' - I DIED X )

[@HG-gj9lh]

I know what you mean on this one. My husband and I bought a house in January of 2020 for $165,000. Asking price was $195,000. We were able to negotiate because it had been on the market for over a year (very rural area) and the owners had already moved out. They bought it in 2014 for $96,000. We have been in it for 2.5 years and are getting calls from a real estate agency that buys houses to resell asking if we want to sell for almost $60,000 more than what we bought it for. It’s crazy.

[@ifitsfreeitsforme1852]

I think I'm gonna cash in while the gettins good and move to another country where there is a decent exchange rate and prices are more reasonable. Southern Brazil is looking good.

[@rythania7686]

yes. it's brutal. no chance for any locals with loans when people from out of state bring cash.

[@Backinblackbunny009]

Its companies like blackrock that are mostly behind this debacle, don't blame the people in the same boat as you.

[@Luvnlife880]

I'm in Alabama and trying to finish paying for mine and my mother's house we've been here 11 years and we have 4 years to go and it'll be ours but it seems like these last 4 years are becoming the hardest to get through.

[@kevins4213]

Those office cubicles hit close to home

[@Double.J]

I’m hoping for another stock market crash so everything can go back to normal lower prices.

[@Backinblackbunny009]

If the super rich own everything including all the politicians why would they let something happen to the stock market?

[@adrivoid5376]

Im in my early 20s, and I am staring at this market and hoping something changes by the time I look at home ownership. This market is inhumane

[@JohnVance]

I'm about to buy some land and construct a lean-to smh

[@nataliaromanova9556]

Like so many others i can laugh and cry at this. I moved to a different state and sold my house. Unfortunately I sold it before things went really nuts, so I didn't make the kind of money so many have. I spent months looking for a house where I am now. I considered staying in a rental, but frankly with the way they kept raising the rent on it, it just wasn't feasible. Luckily I was in a position to buy unlike so many other people. I put in so many offers. Cash is king tho so I was out gunned every time. I ended up with a house owned by an elderly couple who wanted it to go to "someone nice". I paid a little more than I'd have liked, but it's a solid house and houses in the neighborhood have already gone up another 20K in the 2 months I've been here. It's insane out here. Freaking BONKERS. And, sadly, no state is safe right now.

[@catherinelomas318]

Not just a southern thing.

[@crazysnake1096]

$350k. That is soooo cute. They may be able to afford a single wide.

[@ericagriswold1709]

Live in Florida. It’s awful now. No one learned from 2008

[@melissapitts3502]

this is so true that it's just so sad smh

[@cgamiga]

sadly so true... but be glad you're in the south... in CA, regular homes are $2-4million plus. NOT fancy mansions. Normal 3-4BR, suburbs. Insanity. and don't forget, 1% property tax, so... $20-40k more gone EVERY year... that's $1.5-3k/mo. As much as a mortgage.

[@Jessica_Bennett]

I'm laughing and crying. We're being priced out of middle TN with this competitive market 😭

[@sharonsmith583]

Love they are driving a Kia

[@KeilaBevins]

2:00 I betcha it’s soundproof too, with a cushion that has styrofoam peanuts in it.

[@jelassiterII]

The market is crazy because all the Yankees have decided to move south. Let’s see how they like it when we get a real hurricane season. A Camille, Fredrick or a Katrina will most likely send them packing.

[@asaxon6930]

True but they're moving here because the prices are crazy up north too. The real problem is endless greed that has driven hyper-inflation, and extreme wealth inequality. If we don't fix that, we're all fucking screwed-- west coast, east coast, yankee, southernerer, hick and city slicker-- we'll all die together.

[@florindalucero3236]

DUDE, I'm up in Seattle and, while this is a comedy skit, it hits close to home (bah dum dum). When I was looking for a house, I was shown rotting house corpses, too rancid for even meth heads, that were going for $300K. Condos on busy downtown street corners go for $600K, TO START. Crappy 1980's split levels go for over $1M. And why? Because of the 5% of the population in tech. We have so many luxury apartment high rises that are sitting empty, and more and more are constantly being built, while we have possibly the highest unhoused crisis in the entire US. wtaf. By the time I actually found a house, I had been looking for a year, and yes we would find out about a listing, race over, and it had already been sold for $50 over asking, in cash. Realtors were given actual blank checks, whatever it took. wtaf.

[@paulvanier429]

We bought a house in Shoreline WA, in 2012 for 243K, the value now is 800K

[@Savvyann007]

I was only able to buy my house because the former owners refused to sell to any investors. The location of the house is in a prime downtown area. It's a 120 year old Victorian. They received several much higher cash offers. Their only requirement was that the new owners couldn't tear down the house. So we lucked out paying 50k less than their other offers, which were in cash, unlike ours.

[@MephistoAngel]

This is sadly true. Here in Texas houses in the hood are priced at $200,000! If you want a decent house where you won’t get shot in your front yard you’re looking at $380,000-$400,000! Lots of those are serious fixer uppers. Like icky fixer uppers. We moved back home at the age of 70 and may never own a home again due to the greed that ratchets up the costs. It’s scary

[@andrealmoseley6575]

Where

[@arieldanielle23]

My boyfriend saw a really terrible little house here in Houston and jokingly wondered how much it cost. Built in 1950 (and it shows), about 1200 Sq ft (nice yard though)... $350k. Even the listing suggests demolishing it and rebuilding on the plot.

[@cayannap6752]

Atlanta is worse than that

[@MephistoAngel]

@@andrealmoseley6575 Texas. Pretty much the whole state but I live in dfw area

[@MephistoAngel]

@@cayannap6752that’s where my brother in law lives but I didn’t know it was crazy as well real estate wise. 🥺

[@faithreturns333]

Isn't comedy supposed to be funny? Because this is the reality everybody is finding themselves in right now and no one's laughing

[@thegiant573]

Last House I put a bid in on had 22 other offers, NO lie.

[@notthefbi7932]

Museum of fried cupcakes 😂😂😂😂

[@abbymcmahon365]

Y'all! We are Florida natives. We currently have a house on the beach. We want out! It's gotten too crowded and the flood insurance has gotten out of control!! With that said, we are finally closing on our new house this Friday. It took 6 months and 8 houses to get the one we got. And that was with houses 30 minutes away from the coast!! We were out bid by at least 40 grand on every house we bid on! On the house we got, we actually met the owners. They decided they liked us best and accepted our offer over all others. In the end I feel that made all the difference. If you're looking to buy, keep that in mind. JS 🤷 Oh and when we pulled up for the showing on the house we got? 3 other groups of people were in line to view the house. ALL with New York plates!! Ugh!! 🤦🤦🤦

[@jonathanwessner3456]

Wow, this is funny and sad....

[@nailslacquer]

My mom put in several offers for homes in 2018 and she was outbid by 15Gs over asking by a large corporation who bought them all sight unseen.

[@imahick5723]

I bet it was an Asian-based foreign corporation. 10 years ago I lived outside of Washington DC and watch the Chinese government gobbling up all kinds of homes allegedly for their"embassy employees". I understand Saudi Arabia and other wealthy foreign countries have done the same thing. Then we have the pressure of illegals and refugees needing housing.

[@standupbroad6648]

That company whose name rhymes with "Willow" does that. They zoomed into our small rural town and bought 32 homes (all less than $100k) then "sold" 4 of them (to their own shell employees) for $175k, thereby jacking the so-called values for appraisal purposes. Now you can't buy anything for less than $225k. Rotten bast*rds.

[@davisgirl1701]

we just bought a house and it was crazy

[@mojoschmee9320]

So, I normally come here for a laugh... this one hit a little too close to home... or lack thereof... So true, ya'll indeed...

[@SaturnStatic]

My mom is already planning for me not being able to move out until I'm in my 20s with the way things are going..she's nottt wrong

[@AludraEltaninAltair]

This is a hilariously executed sketch. Definitely laugh so you don't cry. But man, the comments section is just trauma. We're definitely hurting iut here. Could y'all look maybe into a month of group therapy as a Potluck perk?

[@loving_lioness3518]

I live in Florida this is so true on so many levels! What's ridiculous is the people that are actually paying so much more than what these homes are worth are causing the problems. If no one was paying that amount the market wouldn't be as high. It's absolutely ridiculous, I refuse to pay $350,000 for a home that was valued 2 years ago at 140.

[@eurekahope5310]

Bingo! People get swept up in buying frenzies. We emotionally followed the crowd when we bought our first home just before the housing crash. Our home was underwater for more than five years. It was so discouraging. We will be in the market again soon and will be much more patient. We see signs of falling prices and will wait patiently until the market settles a bit. We watch without setting our hopes on a particular home. We just want to be knowledgeable and prepared. We were fools in our twenties believing the hype of an eternally increasing market. With a bit more wisdom, we hope to make this next purchase an investment rather than a heartache.

[@loving_lioness3518]

@@eurekahope5310 word!

[@larrysouthern5098]

Has anybody seen those "Pod" apartments they are pushing in big cities??? They are about the size of a minivan ( cost $80k to $150k)..... Superman would be so proud!!!😳

[@hotandsoursoup2664]

It's called stack em & pack em. The big push to urbanize everything into a central location. Has been going on in China & Cali. "You will own nothing & be happy"

[@lizard6444]

SO true!!! Just went through this nightmare 😣

[@angelamarie5978]

Did you see the 60 minute episode where a big hedge fund company was being interviewed. He said people aren’t wanting to buy their homes anymore there wanting to rent their dreams. Yah, my dream is to help you align your pockets with my hard earned money…..and the government isn’t doing anything to help stop them from buying up all the homes. I’m so angry…Now, b/c of cash offers and bidding 20k -50k over asking it’s driving up the housing market. How can anyone afford a house in this market. . It’s all about greed. This is ridiculous…..😡😡😡😡😡

[@canelami1285]

So true, I would like to know who is buying around here

[@mlplife]

We bought our "in need of a reno" 70s home in 2020 for 240k (TN)... zillow list of at 413k today. This stuff is nuts. I love this video

[@peregrination3643]

I have a friend who bought a house a few months ago outside of Denver. I'm really wondering how much her boyfriend makes, because I don't think her nursing job (sometimes part-time) could cover that. At least we're relatively affordable where I'm at in Arkansas as long as you're not in a central area of a city. Denver must be insane.

[@billybenson3834]

We moved to Memphis 5 years ago. At that time they had 3 decades of zero growth, the market was very stagnant and prices remained low. Fast forward 5 years and prices are quickly rising. We had our home built in a subdivision of 334 lots, less than 150 had been built in 9 years. Subdivision is finished now and our 1500sf home has doubled in value and homes are sold in a week, covid has made living in red states quite attractive. The market is crazy, even for dumpster homes in the worse areas.

[@selectivemisanthrope1617]

We are having to move for my work…finding a house in a different state while selling ours - yeah, the selling was the easy part. We missed out on four houses, and turned down one because of inspection issues that would’ve cost almost as much as the house to fix (and that money pit sold 3 days later for cash 20k over what we were going to buy it for with no inspections or contingencies…someone just mortgaged their future and I feel bad for them). Finally able to buy a house from an extended family member who knew we were in need. Otherwise we’d be looking into rentals…or living in a camper down by the river….

[@OriginalMeanGirl]

Bless your heart! I'm glad you were able to find something! We relocated to AL after a hurricane destroyed our home. This was 3 yrs ago and there was nothing! Plain and simple, we were just blessed (also extremely grateful) to have a wealthy grandparent who bought us a mobile home to put on family land. It was supposed to be temporary. My husband and I are both college educated, work over 40 hrs every week and save everything we can. I don't need a grand house on a hill, but even all the "fixer uppers" are not only overpriced, but being bought up by corporations. My father is a broker and feels like The bubble will pop by the beginning of next year. I hope so! I'm not ungrateful at ALL, as I know how fortunate we are to have had help, but I don't want to live in a paper walled box forever! 🤦

[@selectivemisanthrope1617]

@@OriginalMeanGirl I feel you. I grew up in a single wide 1970s trailer with aluminum wiring. You do what you have to. I am nothing at all like needing a “house on a hill” either…I’ve always said that I’d smoke a turd in hell before I went back to that. But these days…? I’d have seriously considered it…would’ve beat living in a camper. And I’d have been grateful for a roof. I hope the bubble does pop soon, even if I lose equity…but I have my doubts…the last one popped because of predatory lending to folks who couldn’t afford it in the first place and defaulted…this one is simply supply and demand…it’ll take years to build the 3-4 million homes that are needed. 🤷🏼‍♂️

[@OriginalMeanGirl]

@@selectivemisanthrope1617 I completely understand everything you said! Yes I can imagine a camper would have been rough. Maybe we'll find something. As terrible as it sounds, at least one day I know we'll have a house because my husband and I will inherit three between us, so I won't have to die in the paper box lol and my kids will have a place if things get worse, which I pray they don't. That's just luck though, I feel so badly so those that work so hard and deserve a home and cannot find one. This world is getting scary so we'll just pray for the best. Congratulations on your new home though!!! I hope you have fun making it your own and settling in. ☺️