Why It’s So Expensive To Live In The U.S.

Prices for the American dream home have skyrocketed.
The U.S. housing market has been an unlikely beneficiary from Covid-19. The pandemic encouraged city dwellers to move to the suburbs as families looked for home offices and bigger yards.
“Everybody expected housing to really sort of dry up with the rest of the economy,” said National Association of Home Builders CEO Jerry Howard. “And in fact, the opposite has happened. People who have been sort of scared out of the cities by the pandemic.”
With homeowners unwilling to sell, a record low supply of homes for sale has forced buyers into intense bidding wars. According to the National Association of Realtors, the U.S. has under built its housing needs by at least 5.5 million units over the past 20 years. That’s a stark comparison to the previous housing bubble in 2008 when overbuilding was the issue.
Higher costs for land, labor and building materials including lumber have also impacted homebuilders. However, according to most experts, the market is shaping up to look more like a boom rather than a bubble.
“We say bubble because we can’t believe how much prices have gone up,” CNBC real estate correspondent Diana Olick said. “A bubble tends to be something that’s inflated that could burst at any minute and change and that’s not really the case here.”
And America’s suburbs are sprawling again. Over the 20th century, real estate developers built large tracts of single-family homes outside of major cities. The builders were following mortgage underwriting standards first introduced by the Federal Housing Administration in the 1930s. Over the century, those guidelines created housing market conditions that explicitly shut out many minorities. Experts say it is possible to update these old building codes to create equity while fixing some, but not all of the problems of American suburbia.
In 2021, single family housing starts rose to 1.123 million, the highest since 2006, according to the National Association of Home Builders, however, options for prospective homebuyers remain lean.
Experts say the problems of America’s housing market relate to past policy decisions. In particular, they say restrictive zoning codes are limiting housing supply. These codes are based on 1930s-era Federal Housing Administration guidelines for mortgage underwriting. That includes “no sidewalks and curvy dead-end streets,” according to Ben Ross, author of “Dead End: Suburban Sprawl and the Rebirth of American Urbanism.”
Today’s homebuyers are paying for past sprawl by drawing on credit to finance their lifestyles. Meanwhile, the cost of public infrastructure maintenance is weighing on depopulating towns across the country.
The rental market is also changing. Numbers from the fall of 2021 suggest that rents will increase at a rapid pace in the coming years. That’s a problem for Americans; many spend 30% or more of their income on rent. A decade-long slowdown in house building is coming to a close, which could help renters. But the new developments in construction are generally for high-end and luxury apartment units. Experts say the market conditions are pushing people further away from their jobs and weighing on the economy writ large.
Average rents for a one-bedroom apartment in the booming suburbs of Phoenix, Arizona, have more than doubled year over year, according to data from Apartment Guide. Meanwhile, rents in Manhattan have reached fresh records as life returns to the cities, according to Zumper.
The problems aren’t confined to the usual suspects, however. Rents for single-family homes across the country jumped more than 9% on average in August 2021 from the prior year, according to a report from the analytics firm CoreLogic.
Watch this video to understand why it’s so expensive to live in the United States.
Segments:
00:00 - Why the U.S. is facing a housing shortage (May 2021)
12:37 - How suburban sprawl shapes the U.S. economy (February 2022)
25:49 - How did rent become so unaffordable in the U.S. (December 2021)
34:46 - Is the U.S. in a housing bubble? (September 2021)
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Why It’s So Expensive To Live In The U.S.

[@IronDogger]

You failed to mention the corporations buying all of the single family homes up.

[@cringelord7542]

I don't think that's the problem. It's more a symptom of the fact that real estate has become an investment rather than a commodity. This populist rhetoric is good at getting people mad but isn't good at identifying the problem.

[@Roxality]

They need to do something to stop this

[@trevorpeglowski9086]

@@cringelord7542 how is that not a problem?! These corporations can buy with cash and rates that people can't so they get priced out

[@richardmycroft5336]

@@cringelord7542 In the Atlanta area there are whole neighborhoods being built by financial outfits where they will only rent the properties and the rents are very high. Basically the middle class and the poor are having their pockets emptied by the rich yet again. The long term problem is that when a relatively small group of rich people have most of the wealth of the country they can bend markets to their own benefit.

[@shaymalchione809]

Cash is king & the majority of Americans don’t have that kind of cash on hand.

[@teresita2-]

The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?

[@Sampson-jh7yq]

I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.

[@jose2212-]

45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.

[@DennisJack-km8ho]

How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?

[@jose2212-]

Monica Shawn Marti is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@albacus2400BC]

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

[@raynoldgrey]

In spite of how everyone is frightened and calling the crash, there is already an excessive amount of demand waiting to absorb it, which is another reason it's less likely to happen that way. This forecast was not made in 2008, at least not by the general public, as I will explain below. The ownership rate peaked in 2004, according to the other comment. We reached a peak in the second quarter of 2020 and are currently at the median level. From 2008 to 2012, it fell by 3%, and in the second quarter of 2020, it dropped from 68 to 65.

[@danieljackson87]

Given that we are not accustomed to such uncertain markets, the fact that the US stock market has been on its longest bull run ever makes the widespread anxiety and excitement comprehensible. There are opportunities if you know where to go, as you noted that it wasn't difficult for me to earn more than $780k in the previous 10 months. Since I was aware that I would need a reliable and strong plan to get through these tough times, I engaged a portfolio advisor.

[@mikeharry96]

@@danieljackson87 My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor.

[@danieljackson87]

@@mikeharry96 It was run by Julie Anne Hoover, who I learned about and got in touch with thanks to a CNBC interview. Since then, it has served as the point of entry and departure for the games we have emphasized. A search on the internet can be done if tracking is necessary.

[@andrewlogan7737]

@@danieljackson87 I just copied and pasted Julie’s whole name into my browser, and her website appeared right away. You've saved me several hours of arduous research, therefore I appreciate it.

[@NazriB]

Lies again? Expensive Face Cheap Rent

[@parrish8386]

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.

[@leojack9090]

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!

[@lowcostfresh2266]

@@leojack9090 You are right! I have diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.

[@TomD226]

@@lowcostfresh2266 Do you mind sharing info on the adviser who assisted you? been saving for pension since age 18 - company scheme. along the way I hit higher tax, so I added to my company pension with a SIPP (tax benefits) I'm 50 now and would love to grow my finance more aggressively, there are a few cars I still wish to drive, a few mega holidays, etc.

[@lowcostfresh2266]

@@TomD226 Laurel Dell Sroufe is the coach that guides me, She has years of financial market experience, you can use something else but for me her strategy works hence my result. She provides entry and exit point for the securities I focus on.

[@karenclark8374]

I hope that’s when I can buy an apartment when the housing market tanks.

[@bgiv2010]

"Get yourself a raise." Oh! I'll just go down to the raise store and get myself a raise! Workers do not "earn" wages, with higher productivity. Productivity has been increasing without complementary wage growth for decades! Employers control wages, not employees! Get your act together! I can't share the video like this!

[@dallasryder8125]

Asks for "raise" get's "raised" up the list for first round of layoffs, in the next months.

[@cowsarea]

Why don't I strap on my raise helmet and squeeze down into a raise cannon and fire off into Raiseland where raises grow on raisees?

[@KimPham525]

I think he means change jobs.

[@bgiv2010]

@@KimPham525 same diff

[@TheMocutMiester]

Start applying for other companies. They'd sack you for any reason. Why wouldn't you be able to leave for a better job? I apply for a new job every 2-3 years because a 3% raise per year ain't it.

[@ExxonMobilCompany]

Interest rate is currently at 4.75%(8th rate hike since March last year) Inflation at 7% and mortgage rates is at over 7.5% but yet minimum wage remains the same and my retirement portfolio has suffered tremendously these past years, so my question is how do senior citizens retire and live off such unstable economy. The long term game is obviously not for me at this point.

[@marcelrobert9569]

Inflation is over 10%, but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?

[@francoamerican4632]

My investment adviser advised not to use an investment advisor for investment advice.

[@zachhecksel2920]

You're investing in the wrong things if your retirement has suffered tremendously the past few years. Sure, 2022 was a hit, but now, in January 2024, the S&P500 is at an all time high. Your retirement funds should be at an all time high. This is only 10 months after your comment, so not that crazy. Retirement funds are long term.

[@valenna7317]

Did they really say “Get yourself a raise?” Like it’s just Snap crackle pop? Wow. 😵

[@haddingtoniangcp2464]

"Let them eat cake"

[@OldTimerGarden]

You may need to change careers to get one. Do you have the drive in you to do that?

[@OrganizationXIII]

Yea go to college and get a better job :)

[@tayanahemphill7110]

@@OrganizationXIII again, with what money?

[@isar7525]

This whole documentary is out of touch...

[@Markkelly-8]

I value all your information you put out there Grant! I do want to learn the Real Estate Business the way You play it! Just wish I knew this years ago! What does one do to get in that game if Im already close to 50 and lived most of my life working and house poor?

[@AustinReid09]

Investing in real estate and stocks might be a wise choice, particularly if you have a sound trading plan that can get you through profitable days

[@harod033]

You're not doing anything wrong; you simply lack the expertise necessary to make money in a bad market. In these difficult circumstances, only really skilled experts who were forced to witness the 2008 financial crisis could expect to generate a large wage.

[@godof-ou1dw]

@@harod033 Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.

[@AustinReid09]

@@harod033 I must add that Ruth’s profile seems to be pretty knowledgeable, so I appreciate the tip. I completely read through her resume, educational history, and qualifications after finding her online, and I must admit, they were extremely remarkable. She responded to my message, and we have scheduled a session.

[@edward.abraham]

Since Biden took office, there seem to have been more unfavorable results in America. These results include effects on the markets, such as price declines and sharp increases in inflation, as well as bank failures. I wonder if the sudden increase in interest rates will help value investors or if it would be wiser to stay away from the stock and financial markets for the time being.

[@Believer292]

To "buy the dip" It will be profitable in the long run. However, investors should be wary of the bull run. It is advisable to connect with a skilled adviser to fulfill your growth objectives and prevent mistakes. High interest rates typically result in lower stock prices.

[@james.atkins88]

I truly enjoy having a portfolio coach to help me make market judgments on a daily basis. They possess a special combination of abilities that enable them to take both long and short positions, benefiting from the possibility of significant gains while also safeguarding against downward turns. I have had a portfolio coach for more than two years and throughout that time I've actually earned over $645k. It was a wonderful experience!

[@rebecca_burns14]

@@james.atkins88 I've been thinking about going that route. I have a lot of stocks that I have maintained, but they are beginning to lose value, so I'm not sure if I should hold onto them or sell them. I feel hiring your investment coach would make it easier to restructure my portfolio.

[@hunter-bourke21]

Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call. Her expertise is impressive.

[@lindamueller2858]

Buy gold

[@PhilipMurray251]

Inflation depreciates idle money. I'm in a privileged position to be able to save almost 65% of our net household income, as I placed it on safer investments. The key for us was not spending beyond our means. If you invest and have other sources of income outside of dividends then you will be able to live off dividends. Got north of $200K in my portfolio as I bought a lot of dividend stocks before, I'm buying more now, and I will buy more when it drops further

[@CharlotteJacobsons]

The main problem is that most folks don’t care about anything other than football, Basketball and Music etc. They find it normal to take credit card debt which will cost them 20percent per year but considers it risky to invest their money and make 10percent or more per month. Learning to avoid high interest debt while also learning how to put your money to work for you by investing is a very powerful combo

[@BenjaminMcLeod815]

We must consider safer investments with promising returns in order to plan for the future. If you approach investing with a five-year perspective and simply DCA whenever you receive a check. Under the direction of my investment advisor, "Deborah Jean Dykstra", whose expertise in portfolio diversification is unsurpassed and client-focused, my portfolio has gained almost $643k since January 2022.

[@Robertgriffinne]

@@BenjaminMcLeod815 out of curiosity I did read about Deborah on the web. she has a great resume.

[@shirtlesslager]

@MarcoPolo-oy3mh Your USD are losing at least seven percent per year in purchasing power. Even properly invested, you are paying for inflation by proxy to corporations in which you invest. People like to crap on Bitcoin, but Biden can't print more BTC to finance his largesse with Ukraine and Israel. With USD, he can, and does . . .

[@theone31man]

There's one word for the state of housing in America, GREED!

[@jsebby2284]

How is it greed when the buyers set the prices lol

[@genkiferal7178]

@@jsebby2284 sellers also play a role - as do investors (sometimes not even living in that area)

[@TBrown-zy2dr]

100%

[@howiescott5865]

Greed and fear is what drives the world go around. It's been that way since before money was invented.

[@howiescott5865]

@@genkiferal7178 is that bad?

[@elvismark5172]

After selling a couple homes in 2022, I'm anticipating a housing crisis in order to buy inexpensively. As a backup plan, I've been thinking about purchasing stocks. What recommendations do you have for the best time to buy? On the one hand, I keep reading and seeing trader earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?

[@alexanderjames3043]

Most people are unable to handle a fall since they are accustomed to bull markets, but if you know where to look and how to get around, you can profit handsomely. It depends on your entry and exit strategy.

[@patrickperez7387]

The fact that the US stock market had been on its longest bull run ever makes the widespread worry and enthusiasm understandable given that we are not used to such unstable markets. As you pointed out, it wasn't tough for me to earn over $780k in the last 10 months, so there are chances if you know where to go. I hired a portfolio advisor since I was aware that I needed a solid and trusted plan to survive these trying times.

[@amiltondavis]

@@patrickperez7387 Because of the big declines, I need assistance on how to rebuild my portfolio and develop better methods. What city is this advisor located in?

[@patrickperez7387]

@@amiltondavis Funny that you brought that up-I can definitely sympathize. I'm not sure whether I can say this, but look up "sharon lee casey"; she received a lot of press in 2020. She also manages my portfolio

[@oscarjiron6974]

@@patrickperez7387 She has an impressive profession and impressive qualifications, so I can see why she is so busy. I thus quickly copied sharon's full name and entered it into my browser.

[@abhinavsrivastava5881]

Why is any livable house, anywhere in the world, almost unaffordable to honest, hard working, decent earning people?

[@radaro.9682]

False scarcity and desire for profit are what drives this.

[@edwardduda4222]

In the US it’s because of zoning laws and a “not in my backyard” attitude towards high density housing.

[@clearcut6818]

how about work smart instead of work "hard"?

[@LynxStarAuto]

You can still find affordable housing, you just have to go through the unconventional means. Here in Miami there are actually homes in the 100-200k. Sure most are foreclosures, and fixers in undesirable neighborhoods but they are out there. It's baby steps. My buddy actually purchased his first home 3 years ago. It was in a *rough* neighborhood. Needed the entire roof redone, and it has some mold issues. Paid under 100 for it. He slowly fixed it up (lived in it with a tarp and the moldy room isolated). Eventually he redid most of it, and just sold it for almost 350. He then took that profit and put it as down payment on a home he really wanted. It was tough because of competition, but he bought his house, in the neighborhood he wanted, and because of the higher DP, his mortgage is very sustainable.

[@radaro.9682]

@@LynxStarAuto that's not "affordable housing". Affordable housing is income based or set aside for limited income folks. Minimum wage workers and the disabled in most means testing based places. Usually not land they buy but rental property. Though it probably should include purchasable real estate. It's a specific term with a specific meaning in the housing industry and city planning jargon.

[@akibeekymre4880]

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]

@shane heried I know and am not doubting it I understand people are good at learning by imitation, i found her website proficient and left her a message

[@danielceja3729]

Overprinting...is why there expensive..value of the momey going down while simultaneously raising mortgage rates. Every single real estate listing in the US should say 15,000% chance more likely to get nuked then 4 years ago..Factually speaking in real estate terms...or is safety of the neighborhood not relevant to pricing anymore. Guess we only count metrics that are convenient to Real estate owners

[@northwestgirl930]

This comment has aged well

[@alfredsinkllc4870]

See our parents & theirs didnt plan/fight well. They installed spy tech cages after that and then let the schools abuse their children etc. They were too busy working 55 to 65 hours. Instead of taking a step back; rebelling. Etc.. Now corporations run us like slaves or else.

[@wandadrees6384]

If the US is running out of houses; all these depressing malls need to be turned into affordable housing Image solar panels on the roof , turning some of the parking into food gardens , having social services based right there in the housing

[@amanbendel6270]

Hate to break this to ya but that is the new master plan concepts for apartment communities

[@wandadrees6384]

@@amanbendel6270 it will be a good use of mall space

[@grumpygrump2639]

@@wandadrees6384 not if you happen to be one of the people living near the mall

[@monsieurlaguillotine3481]

That would imply they care a single bit about us and see us as human beings. They don't.

[@HD-bp4pl]

@@monsieurlaguillotine3481 sad, heartbreaking truth.

[@joesphcu8975]

With inflation running at a four-decade high, 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.

[@alexyoung3126]

You’re right! The current market might give opportunities to maximize profit, but in order to execute such effective transactions, you must be a skilled practitioner.

[@checkforme234]

I agree, that's the more reason I prefer my day to day invt decisions being guided by a invt-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a invt-coach for over 2years+ and I've netted over 1.5million

[@lawerencemiller9720]

That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well.

[@checkforme234]

I am being guided by “Eileen Ruth Sparks” who I found on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care supervision.

[@lawerencemiller9720]

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

[@spanak1252]

"we have a shortage in housing", WE HAVE SO MANY ABBANDONED HOUSES

[@EmptyZoo393]

It really depends on where in the US you live. Most of the job growth since 2008 has been concentrated on a handful of urban areas. Live in Austin, Seattle, Portland, or Phoenix? You've got tons of jobs with hordes of young workers moving in and expensive housing. Live in a rural area that's never recovered jobwise from the great recession (as in most of them)? Yep, there are houses for cheap but good luck getting a job that will let you afford it. Farming's been automating and dropping its labor force for decades now. Small town manufacturing has dried up as everything either conglomerates in large cities or ships overseas. Most of the high tech jobs concentrate in a few metro areas and it's difficult to get a good start as a young person. Japan's been slowly dealing with similar issues since its birthrates started dropping thirty years ago. We're just catching up.

[@christianmoore7109]

that depends on where you are. If you're in the Rust Belt then sure there are lots of abandoned homes but housing prices aren't that high either.

[@Natalieneptune469]

this year will be a year of severe economic pain all over the nation.. what steps can we take to generate more income during quantitative adjustment?I can't afford my hard-earned $180,000 savings to turn to dust

[@Natalieneptune469]

@@BenjaminMcLeod815 Wow! That is astounding. Where can I find this Advisor? I have to profit from the market's decline.

[@BenjaminMcLeod815]

@@Natalieneptune469 Look her up online; she has a website where you can get in touch with her.

[@Alejandracamacho357]

​@@BenjaminMcLeod815 i looked Corinne up out of curiosity and i can tell that she's really good. thanks for sharing

[@kaohsiung99]

NOTHING IS GOING TO CHANGE this year.

[@johnlittle3430]

lol

[@Phoenix-J81]

Our neighbors were asking 245k for their home and some family from Cali bought it for 350k cash. What's going on everywhere is crazy, but I'm in Idaho and our market has absolutely gone nuclear.

[@barrett7893]

I feel you there! Amen 💯

[@glow1815]

My neighbor sold her home for $350k. Was bought for 120k in 2005.

[@duncanbug]

It’s crazy seeing not only the increase but how much Cali (I’m in Cali) is like it’s whole own seperate nation. $350K won’t event let me buy an APARTMENT in many places here.

[@Phoenix-J81]

@@duncanbug that same house is now worth over 700k. We sure appreciate the calis coming here and buying up homes over asking.

[@KnockOutCutie]

I’m sick of ppl from Cali , they have ruined Texas

[@jamesstrickland517]

I know many would disagree with me but I seem to remember that back in the 40s and 50s and even in the early 60s there were homes called newlywed homes or bungalows, these were 1 or 2 bedroom homes of less than 1200 sq.ft. they had 1 bath and were small but they gave young people the chance to have their own home. Society today has this feeling that bigger is always better but in reality how much do we really need, you can always trade up as your income and family grows. This is why so many are turning to off grid and the tiny home market.

[@Erin-rg3dw]

Many people want them - both "newlyweds" (i.e. anyone just starting out) and empty nesters looking to downsize - but they're not what builders want. Especially with high cost of land and materials, builders are scaling up home sizes to create a bigger profit margin because small homes don't. I've also heard that some areas and neighborhoods with bigger homes don't like the smaller ones being added because it brings the average price down, which hurts existing residents when they go to sell. I'm a big supporter of building smaller homes and housing units, but not everyone agrees.

[@saba2080]

The answer is simple: because for some reason, huge corporate entities are allowed to own private residential property and nobody is doing anything about it. If businesses were banned from owning residential real estate and individuals had a buying cap, there would be plenty of land/houses for everybody.

[@karlabritfeld7104]

Never going to happen. Corporations have the same right as individuals.

[@bluequora7226]

I think they're called land trusts? They should not be allowed to purchase so much property, including farmland

[@mathmanchris666]

Are you saying businesses shouldn’t be allowed to sell housing?

[@saba2080]

@@mathmanchris666 I'm saying that there's a difference between developing and maintaining "commercial residential" property, like apartments, and "private residential" property, like townhouses and single family homes. I'm also saying that there needs to be a fixed, non-expanding zone in each city/community for "commercial residential" property i.e. property that is retained by any business for profit. New "private residential" property development should have a profit cap i.e. cost of land acquisition + 20% of production expense. I'm also saying that each individual citizen in the U.S. (corporations are not people, I'm talking about living humans) should have a limit to how many properties they can own at a given time.

[@vickiroman189]

Black Rock, Blackstone, Vanguard, Invitation Homes... kzbin.info/www/bejne/j4HHY5yOir6YY9E

[@danieljamal3709]

After a terrible 2022, shell-shocked financial backers have a lot to think about and losses to recover from. An expansion report and a wealth of other data did little to alter assumptions that the Central bank would likely keep raising interest rates regardless of whether the economy slows down. This implies that portfolios will experience more losses during the first quarter of 2023. I'm currently at a crossroads in deciding whether to exchange my $250k security/stock portfolio; how might the continuous market volatility work to my advantage?

[@helenoliver4838]

Concentrate on two main objectives. First and foremost, keep yourself safe by knowing when to sell stocks to reduce losses and maximize gains. Second, prepare yourself to gain from a market turnaround. I advise you to seek the advice of a representative or financial counselor

[@veramonique1724]

In fact, ever since Coronavirus, I've been in regular communication with financial examiners. Nowadays, buying moving stocks is quite easy; the trick is knowing when to buy and when to sell. The section and leave orders for my portfolio are made by my counsel. accumulated more than $550,000 from $150,000 in savings that were initially stale.

[@dannyvera8475]

Please provide the information for your investment advisor here. I really need it now.

[@veramonique1724]

She is *PRISCILLA DIANE AIVAZIAN* , my consultant. Since then, she has devoted section and leave attention to safeguards that I have been keeping an eye out for. You can locate information about the chief online, on the off chance that you're interested. I made no regrets about substantially adhering to their exchange strategy.

[@dannyvera8475]

@@veramonique1724 sincerely thank you I looked her up on the internet and was awestruck by how qualified she was; I contacted her since I need all the help I can get with canning. I've just scheduled a call.

[@AtsircEcarg]

All the corporations buying houses take those off the market permanently. They don’t ever come back. If a house that has been bought by these corporations does sell it is sold to another company. The homes never become available as family homes again.

[@MH-be6hr]

Ban corporations buying up blocks of family homes. Limit investor purchases to a small number of homes spread out over different communities. Investigate the financial backgrounds of multiple homebuyers to see if they are using different names and corporate identities to get around rules limiting home purchases! 💔🇺🇸

[@stanleyhape8427]

You can blame the rent moratorium. These corporate buyouts were a god send to the thousands of small landlords that were facing bankruptcy .

[@abigailh7715]

The corporations are in bed with the govt scheme - they buy up all medium priced homes and let the taxpayers pay rent via the govt under Section 8 - which is precisely what these corporate owned homes are now. Big daddy govt (taxpayer) always pays and on time while that very same taxpayer is priced out of buying that very same home that migrants and low income are enjoying rent free on his $$!

[@abigailh7715]

@@stanleyhape8427 True and thanks to the corporations turning the homes into section 8, the rent will always be paid and they will have indebted sl a ves forever at taxpayers expense and no affordable homes for the taxpayers paying the tenants rent Genius!

[@RajDeelish]

That's a BS talking point. Corporations are not buying it.

[@lianwirring7476]

All the bot accounts telling people how to invest 😅

[@pktdbgnzwl]

Easy answer: GREED. 1. Wall Street investors. 2.Towns want the property taxes- higher priced homes generate more tax revenue so cities & towns won't approve permits for developments of smaller sized lower priced homes. 3. Builders won't build small-home neighborhoods like they did in the past when homes were 800sf, cuz the town wont approve it &or the cost of engineering, site prep &building materials exceeds builder Profit on small-homes. -We need Non-Profit housing districts to develop neighborhoods of (600-900sf) homes w small yards. They must be well designed w no wasted space & for sale to an income range such as blue collar ppl.

[@mahendraperiyadanam3801]

The main cause is "Builders won't build" blaming the supply chain issues

[@tonyburzio4107]

No, local government puts up crazy regulations. In Florida, they can build what they want, and they are building like CRAZY!

[@anakarina1011]

Blue collar people make money though it’s the retail workers that need help

[@Nancy-mi3xe]

Well said. Retirees on fixed incomes are being priced out. In CA, landlords can raise rents by 10% per year. Most COLAs are 2-3%. I was taught that rent shouldn't be more than 1/4 to 1/3 of income. Many are now paying 50-60% of income for rent. And Tiny Houses, that could solve some of this for first time home buyers and retirees aren't allowed in most places due to zoning. Corporate greed is to blame for higher mortgages and rents are tied to that. Mom&Pop landlords are following suit. The American Dream no longer exists. And more and more elders will be living in their cars. It's shameful.

[@socalgolf9978]

all these families over paying huge amounts are going to suffer when the market crashes.

[@lefthanded5473]

Same with car loans. People overpaying by 5-15k will be in a rude awakening with things come crashing down. Especially with the fed raising interest rates.

[@happycook6737]

Yes. This happened to me in 2007! I bought for $156k and 6 months later the house was valued at $75k. It was awful.

[@spamlogs2701]

Hahahahahahahahaaha lets hope it crashes and lets see them burn

[@MysteryKmt]

That ain't happening thai time I'm afraid. Demand is far too high, supply too low. The financial gap is wide than ever and growing.

[@wplants9793]

At least I have a place to live! It’s still cheaper to buy a home than rent…also I bought in 2016 for $375k fixer (the upstairs is not livable) for a 1 bedroom for 4 people which is kind of a deal

[@troublezmalone8591]

I asked for a price on a one bedroom apartment and the response after fees was almost $1k. I asked her why it was so much more than it was six months ago and a year ago. She had no response. I also asked her how have their costs gone up to warrant price raises. Her response was to tell me how much a two bedroom was... They do not care if we have a home or not. Their costs have not gone up. It seems to me another form of price gouging. They know our situation.

[@RacksonRacksonRibss]

Depends on where this is. Could be high and could be very low in a lot of places

[@troublezmalone8591]

@@RacksonRacksonRibss It was the same all over town, they are taking full advantage of inflation and they know it. They are taking advantage of everyone's situation and they know it.

[@dbadaddy7386]

Not being able to collect rent for month after month AND not being allowed to evict is a massive cost, especially when the government that put a moratorium on evictions didn't put a moratorium on property taxes.

[@1Letter23Numbers.]

Property taxes are a local and state government issue. It would have been nice if all levels of government would have taken a little bit of the blow to help everyone across the board on property taxes. Property taxes went up in our area for 2022 which didn't help. We weren't hit too bad and were able to adjust for the increase, but for some people the increase made a dire situation worse.

[@silkence9561]

Why should someone care about someone else's living expenses Most should know nobody truly cares People should definitely focus on themselves more and stop waiting around for help. Nothing will change cost of living will forever go up and most still think rent will remain the same as the previous years. This thinking will keep you behind. Also stop having kids definitely won’t be able to survive with them hanging around as a liability.

[@sappersteel532]

Here's the cliff note version of this video: greed, market intervention by government in the form of building restrictions and interest rate manipulation with sides of ego and narcissism the latter amplified by social media so that people can make themselves feel good about owning something they can't afford. You're now free to move about the cabin and enjoy the extra time I provided you this morning. 😊

[@ebuqble33]

Thank you

[@larryfoster8820]

Thank you

[@andreawallenberger2668]

Captain speaking: "Meanwhile apartment prices have skyrocketed too so don't imagine you'll just downsize/move into an apartment our flight attendants will now take your drink orders thanks for flying..."

[@charlesludwig8672]

And that anyone can buy a home, even foreign investors

[@abigailh7715]

Because the corporations are in bed with the govt scheme - they buy up all medium priced homes and let the taxpayers pay rent via the govt under Section 8 - which is precisely what these corporate owned homes are now. Big daddy govt (taxpayer) always pays and on time while that very same taxpayer is priced out of buying that very same home that migrants and low income are enjoying rent free on his $$!

[@driiifter]

My mother has been in mortgage profession for 30 years and it just seems like a giant money launder to me. Where else is that much money being transacted back and forth? Not many avenues. Obviously it's going to be tapped into by corruption.

[@zoex7993]

LOL the advice they give is so helpful! "Just be sure to have a lot of money in savings and you will be fine." Ok! Great! No problem LOLOLOL when so many of us have jobs that just barely covers our bills... 🙄

[@mqtt9294]

It was definitely hard to buy a house during the pandemic, my parents tried buying one. Each house we looked into people were always placing high bids. Everyone is desperate to buy a house, it’s a competition, and if you don’t have much money it’s difficult to obtain one.

[@GurlDreamer50]

@Noplaylists what's funny about that statement is that it's easier to finance a car, furniture, a car stereo system, etc...than a home or property. You don't need a 20 percent down payment for a home but you can buy that car stereo for 20 bucks a month at high interest. It's funny how the world works. So you see poor people walking around with iPhones, expensive cars and trucks with nice sound systems, Jordans, jewelry and such because it's easier to get. A lot of young people today don't even think about owning a home either because generational wealth wasn't handed down or they don't save money for whatever reason. I know people who have taken the vacation of their life but are one paycheck from being homeless. They were able to make small payments for that vacation but no one sets up payment plans on homes where small payments can be made. So now it's a competitive market and even someone like me who makes over 70,000 in a non health care position at a hospital can't buy a house. It took me 30 years to even make that much. Even folks that I know that are nurses making 100,000+ a year are living 2 hours away because they can't buy near their work. Houses in my old neighborhood where I grew up which are like 1200 sq. ft. homes are going for a million because of Google and Facebook. It's a dog eat dog world out there.

[@miked412]

During the pandemic was a great time to *not* buy a home. - I understand that's not always practical. But, borrowing was cheap, people were flush with cash and many builders had significantly reduced output; making it the worst time to buy. Waiting for a better time to buy will pay dividends. - Obviously timing the market isn't really possible, but the pandemic was an outlier.

[@shirtlesslager]

Look in less desirable locations, shitholes like Danville and South Boston VA, for example. One can buy a single-family house on a third of an acre for $60K there. Open your mind.

[@suseq]

Real estate in the US is rising rapidly, pricing many families out of home ownership. The problem is that many homes and land parcels are being purchased by companies and people overseas as an investment. What we need is legislation that requires US citizenship to purchase homes and land in the US. It's not unreasonable to think that owners of homes and land in America be American citizens. American citizens should not have to compete with investors living outside of America to live the American dream of home ownership.

[@jsebby2284]

Holy shtt that's dumb lol

[@devinnall2284]

Once again it's the Chinese's fault

[@suseq]

@@devinnall2284 Chinese are not the only ones outside of the country that are buying real estate in America.

[@ceecuz4447]

Good idea. Also do it vice versa. No American can buy a house in any other country. Your trapped like rats

[@ms_cartographer]

Russian oligarchs and wealthy boomer investors are also at fault.

[@patriotsnation9224]

It's been quite a LONG time since a single family home or "starter" home has been in the construction vocabulary. All you see being built today are 4-5 bedroom Luxury homes or Townhouses. Part of the problem is that the builders are looking for a larger chunk of profit off of the build, same as manufacturing and industry increased the profit margin they have had over the last 40 years, while the workers get minimal increases in pay if any.

[@genkiferal7178]

yep. In most areas, the minimum square footage is between 900 and 1, 000 sq ft. But, supposedly, 30+% of people live alone and need only about 450 sq ft - case by case. I'd love to see more tiny house and also small house (900 to 1,000 sq ft) communities. The square footage of a house doesn't need to mean worse style or uglier landscapes or cheaper materials.

[@stzxvkzzn]

Same for apartments, too. My state's population has been exploding since Covid and they are building everything left and right....all "luxury", of course. I can't believe there are *this* many people moving in with that kind of money.

[@daphne9154]

Here on Guam 3 bedroom houses built in the early 90s go for $500k+ which is still considered a fixer upper. For renters you are required to make 3x the monthly rent, 1st month's rent, 1 month's rent for security deposit for a 1 bedroom apartment going for $1,000 in a 70s building. 🤦🏽‍♀️ All the while the median annual income is $27k...if you're lucky. America, land of the free home of the select few... 🤷🏽‍♀️

[@shirtlesslager]

So who is buying the $500K plus housing?

[@UrbanDanceLegends]

A few solutions: don't allow corporations/investment firms to own homes, don't allow non-US citizens to own any US real estate. Do not allow anyone to own more than 2 homes max.

[@Jalae]

this

[@suryamani1235]

Woah the second point of nom US citizens is just INCREDIBLY stupid. The other two points, are fine… But frankly if we were to enact that second point, a lot of first generation immigrant families will just flat out not be buy housing, which is ridiculous.

[@christopherv3048]

@@suryamani1235 First generation immigrants can become citizens. Just like my parents did. You know, the legal and right way. They own their own home now and are happily retired.

[@messagetotheworld9273]

I’m with the first one but the other two are ridiculous.R

[@messagetotheworld9273]

I’m with the first one but the other two are ridiculous.R

[@kaitlyncranwick]

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

[@maggysterling33254]

If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

[@maryHenokNft]

@@maggysterling33254 I've been thinking about going that route. I have a lot of stocks that I have maintained, but they are beginning to lose value, so I'm not sure if I should hold onto them or sell them. I feel hiring your investment coach would make it easier to restructure my portfolio.

[@seikojin]

How did we get: Greed. Here, there, anywhere. Most of these issues start with greed.

[@abigailh7715]

Because the corporations are in bed with the govt scheme - they buy up all medium priced homes and let the taxpayers pay rent via the govt under Section 8 - which is precisely what these corporate owned homes are now. Big daddy govt (taxpayer) always pays and on time while that very same taxpayer is priced out of buying that very same home that migrants and low income are enjoying rent free on his $$!

[@RajDeelish]

Wrong. It's not greed. It's too much demand and that pushes the price up.

[@c.rutherford]

Many legislators across the country and their bankrollers clearly helped to monopolize/corporatize up the apartment industry during the Pandemic by running all the middle class mom n' pop rentals out of the game. Under the guise of Moratoriums they ordered them them to house people for free as long as a year or more while dragging their feet on rental assistance until they broke.

[@lvteachme973]

Exactly what happened. Mom and Pop is much easier to negotiate than big business.

[@barrett7893]

Amen to that!! 💯 You definitely are telling the truth!!

[@annaire8491]

This comment is golden!!!

[@c.rutherford]

@@annaire8491 I wish someone would say that on the corporate owned media because quite frankly it looks like some of them were paid off/in on it.

[@Fido-vm9zi]

What a bunch of bs

[@user-pv1vq8ee2t]

Same situation, I moved 2 years ago to the Philippines starting from the pandemic because I'm having a hard time in japan. The pay isn't even enough and the housing also keeps rising. I moved to affordable and comfortable place here in the meantime.

[@gary9933]

I can understand--the pay in Japan is abysmal. I'm not sure how people make it there.

[@misterbanshee7992]

I heard somewhere the average Japanese salaryman makes only like 30k US dollars a year and the companies there have brutal work hours :/

[@barrett7893]

Amen to that! 💯

[@moneymakermike6189]

WHere in Philippines are you located? I moved there in 2017 from NL

[@moviesjean23]

Airbnb buying all your properties 😂😂😂😂

[@ope4r540]

Corporations, private equity companies and foreign buyers who don’t live in the US are buying suburban homes. This has led to an extreme housing shortage for first time buyers, as well as impacting the rental markets. State government can do something about this, but won’t. The real estate lobby as well as private equity lobby need to find other markets to make money. The public need homes.

[@mns8732]

@ Ope4 R I totally agree.

[@christianmoore7109]

It's not corporations causing this. They're a symptom of the problem here; there aren't enough homes. If more homes are built (as in enough to the point the price of a home drops significantly) then corporations will leave the housing market.

[@coopsnz1]

Government the reason there less rentals socialist

[@shakirghazali2890]

​@@christianmoore7109maybe should build small flat house instead big house just like most asian house

[@willicat44]

Builders don't want to build homes to drive the sale price down...... @@christianmoore7109

[@MrR40388]

The root cause is the federal reserve keeping rates too low for too long. When i bought my house rates were higher but houses were more affordable. I got my house for under 90k. All lower rates do is increase demand and the price goes up.

[@michaelingenito5823]

90 k what state ????

[@johnsmith-ro2tw]

lower rates don't mean increased demand, they mean speculation and lower lending standards. High rates mean people work and save to buy a home, low rates mean people don't save, they flip properties. That's what sends property prices to the roof.

[@streamofthesky]

Yup. The Federal Reserve is responsible for this mess. Same for the overvalued stock market. They basically exist as an institution to enrich corporations and the wealthy at the expense of Gen Y and Z.

[@Coral_dude]

No they weren’t building enough for decades. Low interest rates made the pandemic flight easier for more people.

[@SLow-fb3qm]

Nonsense. For every buyer you need a seller, and vice versa.

[@GurlDreamer50]

It's tough. I'm 52 didn't take school seriously cause jobs when I was growing up were paying well and people were retiring with no worries from my opinion. I grew up, didn't go to college (my own fault) worked two jobs in my twenties to help myself and my family, got in at a hospital and ended up in a non medical field, been there for 29 years. The pay is still not enough for me to own a home. I had a home in my old hometown and sold it because my mom died, I had my grandmother and was on family leave. I was forced to sell the home because my Grandmother was on the deed, she went to a nursing home with most of the proceeds, I was afraid to buy again on my own, I mostly gave most of my money away thinking I was helping people...now I'm 52, can't retire, can't afford to buy, been in same apartment for 13 years which is below market and I still pay over two thousand dollars for rent and utilities plus everything else. Though most is my fault, those who are white collar or white collar tech and health care workers such as doctors and CEOs etc are affording homes....working class like me don't see a foreseeable future in home ownership. Where I see myself is in an assistant living facility, working at Walmart whilein my 70s. I don't see my future retired, enjoying my life. Wages, housing market, retirement....all of my fears. It's sad.

[@miked412]

Never too late to learn a new skill! Lots of great blue collar jobs that pay well (if white collar isn't your thing). Also, lower cost of entry for blue collar jobs.

[@davisholman8149]

You could have purchased after the Great Recesssion. My payment is only $1,000 & it includes taxes & insurance. It is a 2100 square foot 4 bedroom home in a nice middle class neighborhood. I am getting ready to rent out a room for extra income. So glad I bought when I did, even though it was a little scary.🏡

[@globedrifters1049]

Move to Thailand, thats where I am now and its paradise

[@yikwonjang2978]

I don't understand. How long will people work hard and gain nothing from it? Why non working bankers be rich by just loaning money? They live in fancy houses that other people worked to build, they eat food that farmers produced truckers delivered and maybe stonework like you stocked. It's unfair workers like you can't enjoy the fruit of this society. It is extremely unfair situation right now.

[@ariston5433]

I sold my home in Texas in the summer of 2022 it was under contract within 8 hours of putting it on the market. We had a cash offer and took it. We then moved to the north east to an area where homes were much more affordable. We purchased the second house in the fall of 2022 as the prices started to go down. We were able to pay cash for a bigger home on an acre of land for $80,000 less then the house we sold in Texas. This is now 2023 and I see that Texas and Florida home prices are really starting to fall. I was just fortunate to be able to do this.

[@bathtubs]

I just watched a documentary about a shortage of good paying jobs in America, & that included contractors.

[@winstonsmith6204]

What's the documentary?

[@jsebby2284]

The US has one of the highest median salaries in the world

[@duncanbug]

@@jsebby2284 This is true but this logic drives me crazy. Since it’s more about the value of the dollar and a million other LOCAL factors. Our numbers are the biggest but what that number can purchase has VASTLY declined. You can look up “adjust for inflation salary calculator” aka they need to be even bigger. 60K in 1980 would/SHOULD be… wait for it…. 224K! That’s right. Restaurant managers in a perfect world would be making THAT MUCH! Don’t even get me started on how much high salary professionals would be making! Our purchasing power has declined sooooo much! Even if the salary looks amazing from outside the US.

[@jsebby2284]

@@duncanbug yes there's a lot of factors you are correct. But the US also doesn't have a high cost of living compared to other developed countries. No - restaurant manager since a perfect world wouldn't be making 224K lol. I'm not sure why you just made up these numbers Purchasing power everywhere has declined. That's just what happened over time with inflation. I'm not sure why you ate cting like this is a US only thing

[@RajDeelish]

BS.

[@rickmartin9420]

Yet, the US housing cost to income ratio is still much lower than Canada, Australia, France, UK, etc.

[@MnktoDave]

Another problem with zoning is they don't allow people to build smaller houses, because they want to keep property taxes high for the city and county governments. That has to change. WHY does every house have to be a huge Mc mansion, when many people only need, or would prefer, to live in a smaller cozier house. Many who can't afford that large house would have no problem paying for a smaller house...and the property taxes, heating and air conditioning bills etc would also be much cheaper for a smaller house too, all while saving wasteful energy use at the same time. It all comes down to greed and control, because the current system purposely creates laws that make things continually more expensive...so the banks, local governments and energy producers etc all make more money at our expense, poor people are locked out of the loop, and we have no other options.

[@msfullroller]

100% agreed and wish I could like this comment 1000 times.

[@izdatsumcp]

Surely an apartment complex would have higher property taxes than a big house?

[@M123Xoxo]

@@izdatsumcp Usually not because apartment complexes are owned by corporations. Corporations always get lower taxes than real people.

[@Danlyman2010]

Usually because of all the government regulations just to put in the infrastructure. This doesn't leave any profit margin left for the builder if you make something small.

[@izdatsumcp]

@@M123Xoxo I bet that's based in absolutely nothing specific. Have you looked at any numbers to say apartment complexes miraculously yield less money than houses? Or is it just something you'd like to believe because you prefer houses/hate corporations?

[@caiminboland958]

They report in language like “people aren’t willing to sell their homes.” As if those people don’t have a need for their homes like having kids… the problem is people making the choice to buy homes at once along with greed. Nothing else

[@duncanbug]

Well to be honest there’s some new elements coming into play. -Boomers aren’t downsizing since millennial and Gen Z are moving/moved back in with them after not being able to save up enough with rent increases for a down payment -Boomers/Gen X having at least one second property for income to compensate for retirement SSI that wasn’t enough to compete with inflation and a overburdened poor healthcare system. Basically the US procrastinated on its homework assignment of… making society adjust for new people being born. This same issue actually occurred in Japan but for different reasons.

[@milandracoast5422]

I love how she says owning homes is more affordable than ever? Even though the beginning of the video was how there weren't enough homes for the demand. And it's causing the prices of homes to skyrocket and the income isn't rising. And this generation of Americans that are supposed to be buying homes and starting families, can't even afford to move out due to student debt. So, I don't even get what she said at the end.

[@MrBrettB123]

she said nothing because the news isn't meant to inform you it's meant to sway your opinion. They tell you it's easy to buy a home, it's really not, but everyone regurgitates their info and believes them without any actual real knowledge. idk why anyone listens to the news as fact you should literally treat it like those financial advice channels

[@ramochai]

If somebody wants to (and can afford to) live in a large single family home and be surrounded by other single family homes, well done to them and that's perfectly fine. I don't think anybody wants to ban single family zoning. That being said, the country is in serious need of an alternative concept, which is: medium density (not high rise), mixed use, transit oriented (walk/cycle/rail) communities.

[@loftycloud5404]

Bans on single family homes zones is a ban on ONLY single family home zones, not a ban on single family homes themselves. So it gives the right of developers to build anything from single family homes, to apartments and everything in between.

[@julietardos5044]

Banning SFZ is not the same as banning single family housing. Banning SFZ would mean that you're not REQUIRED to build SFH, but you still can. Many developers would happily build mixed housing with SFH and duplexes and apartments, and throw in some small businesses, and you've got yourself a nice walkable neighborhood. When you've lived in a mixed neighborhood, you don't want to go back.

[@FirstClassCitizen_]

The short answer: the government allowing large corporations (particularly international investors) to purchase homes with cash offers (and often 10% higher or more than asking price - thus muscling out legitimate, prospective buyers) and then converting them into rental units. AKA The "Blackrock" Effect

[@samsonsoturian6013]

Please leave housing to those of us that aren't talking out our butts.

[@Marchusv]

It seems like everybody knows this, and somehow everybody's solution is "let's build more rental units". Hmm, who would that benefit most? Really lets you know who has all the influence.

[@macfahad]

Aam. Yes and no. That’s not the answer but apart of the problem.

[@elanamccullum1677]

💯💯💯

[@spacetoast7783]

Ah yes, it's the owners who have less than 1 percent of the housing stock in three metros with millions of competitors that are the problem for the country.

[@14Swisa]

Even if you want to badly bough a house, remember if it doesn’t make financial sense it is best to hold off until you can find something that makes sense. You don’t want to be upside down or stretching yourself to thin.

[@OldTimerGarden]

Ever heard the term "starter house"? That's how it's done.

[@stzxvkzzn]

Unfortunately, rents have also gone sky high, so for many people it's impossible to put away enough money to even secure a mortgage. Even then, lots of 'starter homes' are over $250k in most places

[@dawnbolton6024]

My husband and I moved into a small home in a nice walkable neighborhood and it has been life-changing. We can walk, ride a bike, or a short ride in the car to parks, community center , 2 grocery stores, restaurants, gas and it goes on and on. We Love it.

[@randommonkey4900]

is it in suburbns?

[@michaelsutfin5890]

I am back 5 miles to a store.i just want to pay my pay my Bill's and what time I have left on this earth I do need help but I dont no were to start

[@nacarreira777]

That sounds wonderful.

[@benda777nba]

I also bought a small home that is walking distance to a Hispanic market (which is awesome when I forget cilantro from HEB lol) and its very close driving to 3 other stores and a church and a park where I ryn with my pup. I got lucky!

[@dawnbolton6024]

@@randommonkey4900 yes

[@ZebstrikaGirl]

After living in South Korea, I say the U.S is building and zoning wrong. It was so easy to go to work/class on foot and stop by my local stores for food, goods & services, again, on foot while heading home. Things were there on a on need basis. Not even 2 weeks back in the U.S and I could tell just how different life was. I had to plan my trips because the closest super market was a 10 min drive or 40 min walk - with little to no side walk. Things have to be planned because it becomes a hassle rather than a convince to get what we need to survive. We live in a country designed for cars, not people. That adds stress to our daily lives. I don't ever see corner stores in newly developed neighborhoods either.

[@lam7499]

Japan and Korea are some great examples on effective zoning The fact that both are relatively small nations that can't afford to waste the space probably isn't coincidence

[@alphadiallo1655]

@@lam7499 in Texas we have 10 lanes highways

[@KOSAMAGAMES]

@@alphadiallo1655 and endless construction ;3

[@lam7499]

@@alphadiallo1655 everything's bigger in Texas, so they say It's interesting to see how differently people use land, depending on the amount available. Texas is almost opposite of the countries I mentioned, size wise anyhow

[@andrewevans5750]

Automobile companies really screwed things up. They were a blessing and a curse. It is cool to look up old trolly and tram car companies in every city over 10k people in 1900 and compare that to the lack of public transportation, and cost, today. That same industry successfully lobbied to replace train lines with highways too.

[@violetembers2532]

2:40 I read something the other day about Goldman Sachs buying over 64 single family homes in or around Central Florida and 90+ in South Florida. They're buying up the inventory and pushing prices higher.

[@tremainethegreat1145]

Yeap

[@seanthe100]

It was an investor that Goldman Sachs is backing and it happened in central Florida Brevard county. They bought the homes at a premium and are going to rent them out for astronomical prices for a solidy middle class. They will all be rented out though and quickly, and will put upward pressure on the market.

[@ASheepNoMore]

Look into Blackrock

[@johnyang1420]

Start an investment banking firm and stop crying! No excuses!

[@violetembers2532]

@@johnyang1420 yes. That's exactly what I'll do. Thanks for the tip. Lol

[@nydialopez4203]

It’s hard to get a home but with zoning most of us can’t live off the grid or have a tiny home because zoning says we have to be over a certain sq feet and attached to water and sewer as well as electricity

[@jetfowl]

How can the rental occupancy rate spike suddenly to the highest in a generation? It's not like there was a sudden spike in the number of adults in America needing housing. And you can only rent an apartment to some*body*... ie: a person. Meaning without a sudden spike in the number of people needing housing, there can't be a spike housing demand. (To reiterate, the number of people on the market for housing can't have spiked too much between pre/post-COVID, as there was no spike in children reaching adulthood.)

[@silbah4563]

Housing is inelastic. Doesn't require a lot to affect the equilibrium on the supply demand curves.

[@abigailh7715]

Because the corporations thought to buy up all medium priced homes and let the taxpayers pay via the govt under Section 8 - which is precisely what these corporate owned homes are now. Big daddy govt (taxpayer) always pays and on time while that very same taxpayer is priced out of buying that very same home that migrants and low income are enjoying rent free

[@jetfowl]

@@abigailh7715 While that can certainly be true, those corporations want to turn a profit. So sitting on housing without renting them out or selling them is a loss in profits. Meaning that the housing they bought up should be on the market as rentals.

[@abigailh7715]

@@jetfowl The homes are on the market! Via rental income paid for by section 8 - the taxpayers. Rows of homes are now off the selling market and just rented through the govt scheme insuring decades of indebted servants

[@abigailh7715]

@@jetfowl It seems to me like a deeper darker plot than most are seeing. I'm not seeing it as strictly financial gain but power and control over the 'little people' - the lower classes than themselves, the 1% As Klaus Schwab stated "you'll own nothing and be happy" The govt will provide all our needs and we will be their sl a vez

[@criessmiles3620]

And all of this for wooden houses 🏡🤦🏽‍♂️ Cheers from west Africa 🦅

[@hermeslein6614]

So what do u think this obly happens in US it happens in Canada too as if Africa is so mich better

[@irag34]

It depends where you live in America. Wood houses are illegal to build where I live.

[@fwefhwe4232]

Haha true

[@jjmanwa6573]

Woods are strong.... they are built off cardboards....

[@tamarastone141]

Somebody lied to you ......I have a brick house sweetheart. Right outside of Chicago

[@MichaelBrown-ny3et]

It’s hard to believe that it took 46 minutes to explain this.

[@maPetr]

Get-in-touch ⤴️, Let's discuss on Financial investments.

[@jonathanandrew2909]

There’s a lot of complaining and excuse-making to pack into that time.

[@lilak4361]

haha true 😄

[@tastetherainbow9643]

t is just trying to get younger Americans to settle and change zoning laws and be happy with it !

[@lorenzoruberto1500]

This thing of most houses being in cute suburbs while cities are rubdown is what keeps me from moving to the US. In parts of Europe we are moving away from using cars and I am not willing to give up that pedestrian life :/

[@SG-jb1xw]

Sure 😂 you are welcome to stay where u are 😅

[@mickschievous]

I’m looking to move to the UK (Covington, England, specifically) because The American Dream is dead in the US…

[@shirtlesslager]

@@mickschievous Get ready for a REAL third-world experience.

[@mickschievous]

@@shirtlesslager I’m preparing to the best of my ability.

[@OldTimerGarden]

There's no such thing as housing segregation. If you can afford it, you can buy a home anywhere.

[@Ball.Daily11]

That's simply not true. Banks discriminate against black people buying homes all the time. Just about every major bank has been sued for this. They also did a video on this very channel where a black women who could afford to the home she was applying for but kept getting denied and they had a white person apply for her and they where immediately accepted.

[@tastetherainbow9643]

It is just trying to get younger Americans to settle and change zoning laws and be happy with it !

[@kaizersouza1562]

$33 billion to Ukraine to fight a senseless war, $0 dollars to the homeless citizens of the country. What a time to be alive

[@spacetoast7783]

Do you think the US should cease all foreign policy as long as there's a homeless person? You know homeless people get food stamps, EITC, stimulus checks, and Medicaid right?

[@kaizersouza1562]

@@spacetoast7783 Citizens first my friend. Help yourself first before you help your neighbor. That's common sense.

[@thefuture4266]

I was raised in NJ and still live, my parents bought our house for like $250,000 in 2004 and is right now selling for $500,000 to $600,000. Literally every single house around us is around that price range too and I’ve been looking for houses around where my job is and the prices aren’t any better lmao. I make $21 a hour and moving out feels at this point like it’s a dream. When I was in high school, I thought you’d go to college, graduate, get a good paying job immediately out the door and that’s when your life will begin. It took me so long to find a decent job after college and if I wanted to move out comfortably, it would be a realistic option once I make about $30 a hour which will take me another couple of years of waiting to move up at my job. My parents treat me like im a still a child and always critique me in everything and I just want my independence. I can see why so many of us are depressed! Young adults have to have their independence in order to be productive members of society and that core stepping stone isn’t even an option for an overwhelming amount of us. Imagine how people would be nowadays if good wages and career were widely available with affordable housing.

[@Topg1]

In my 20s, I was you. I still live with my parents. I learned to place my hope and trust in Lord Yeshua. For God so loved the world, that he gave his only begotten son that whosoever believes in him shall not perish but have everlasting life.”

[@yocelyncarrillo-luna6585]

I'm 21 and want to move out but I honestly can't. I'd love to buy a house, but everything is so expensive and I really don't want to rent since I feel it's money wasted. I'm just gonna keep saving

[@ethiobeat360]

Don't move out ! Stay with you family they kick you out ! Life is very expensive it's not worth it. Save your money while you staying with your parents

[@potrelviewer9536]

No one will be able to live even in the smallest apart or house, no matter if it's in a township or big city. Homelessness will rise faster than a bullet train on crack.

[@IsaacC20]

Heh. People whining about home prices increasing only to buy a home, doing $10k worth of renovations, and then selling for $50k more or renting them. In the meantime, the house is 80 years old and deserves to be torn down. Housing, as an investment, is good for 3-5 generations. The whole system is a game of pass the grenade until the last sucker gets a 120 year old house that blows up in his face. It's a game where you screw over other people and then get screwed yourself. Others come in with progressive and economical ideas like tiny-homes, prefabs, communal-oriented design. But home-buyers are risk averse, the lending infrastructure, zoning rules, and labor force skill gap hasn't caught up so those ideas get rebuffed.

[@_Mayibongwe]

Real talk.

[@fesukhan5082]

This is insane, it’s not affordable for most of the people to own home. The American 🇺🇸 dream has become more difficult 😞

[@lordsteppergod7269]

The American Dream is just a Fantasy

[@sammysoppy3361]

@@albundy3929 i love you. leaving comments on every comment, meanwhile you probably live in your mama’s basement lol

[@tonyburzio4107]

The American Dream is fantastic! You just can't build in a liberal area, that's a nightmare.

[@genkiferal7178]

Many have asked for too much and are stupid enough to think the rich will be forced to pay for it, but the rich have $200-an-hour lawyers and accountants who get them out of paying. People vote in politicians offering free stuff and then complain when taxes go up.

[@Blackheathenly]

The American Dream is just a ....dream.

[@Niccole-oq8wo]

In some places, homes are turned into air b n b and vrbo rentals. This reduces the amount of homes available for living purposes. I just saw a documentary on this and the numbers are shocking. Owners have found (investors too) that they can charge tourists a lot more than an actual renter. This gravy train has a trickle down effect. The long term result is going to be a disaster for the middle class.

[@crystaldawn8875]

Making me have second thoughts on the new house we are turning into an Air BNB..😣

[@christinewatson1989]

Foreign buyers are a HUGE problem in some areas. There are tons of foreign buyers (largely Chinese) buying expensive homes in the US then leaving them empty because they live overseas.

[@josecerrud1079]

I always thought you had to be a citizen…I guess the American dream no longer exists if foreigners can just buy land and leave.

[@bollweevil8112]

The market is designed to create scarcity. Until that’s fixed, we’ll have issues

[@spacetoast7783]

I didn't realize that there was an infinite amount of wood, concrete, metal, land, and labor that we can mentally will into existence! Amazing idea!

[@jameswilliams2182]

Simple answer our economy is a joke where people just speculate with there money. No one actually producing anything. Everyone just wants to make money with money. Need to build more houses and stop the residential housing investing by big business...

[@youtubesucks1499]

Why wouldn't you want to make money with money? Its smart. Would you rather work 10 hours in the hot sun swinging a hammer or sit in an air conditioned office collecting rent checks?

[@jameswilliams2182]

@@youtubesucks1499 cause it produces nothing. U can't trade capital gains. How many people do u hire to speculate? Not many...

[@youtubesucks1499]

@@jameswilliams2182 Actually, investing in a stocks is investing in the company who uses those funds to raise capital for growth and that creates jobs. So would you rather swing a hammer 10 hours a day or sit in an office monitoring your portfolio?

[@youtubesucks1499]

@@jameswilliams2182 James, what do you think a Wall Street analysts does? They evaluate stocks and trends.

[@jameswilliams2182]

@@youtubesucks1499 do they make up a large part of the US workforce? didnt think so...

[@mdhall04]

Having a home should be a human right at this point. If people dont have homes than they dont have space to grow some roots and educate themselves or start a family. In the long run this excessive greed will cripple our society in the future.

[@nomaticors]

Today my partner and I are going to have a very serious talk about leaving the states. We would be better off financially if we were flipping burgers in the UK.

[@Aztec339]

Wouldn’t go to UK just yet. They are going to face a horrendous energy/heating crisis this winter. They are getting another conservative leader who wants to cut taxes. Their inflation is worse than US. And they have much less housing. Good luck.

[@arnoldmagnusson9553]

Damn you ain’t got a clue

[@larrybuchannan186]

House prices in UK are higher than in USA There is a reason US has higher home ownership than UK

[@nomaticors]

@@larrybuchannan186 people in the UK have affordable Healthcare.

[@larrybuchannan186]

@@nomaticors uk healthcare doesn't even crack the top 15 in many healthcare rankings of the world NHS is nowhere near as wonderful as you have been indoctrinated to belive The briish should once in a while trying to get their heads out of their ases Nhs is, in a lot of ways a she tole

[@coreyashley4949]

There is no organic 'shortage'. There is plenty of available housing/property available in this country. People are either A) only looking in specific areas (which will naturally limit available options) OR B) people/entities either pay above asking/market price (which drives overall market prices) and even buy multiple properties (which further gouges the market). Traveling the country and being in the military has enlightened me to how much space and property there really is in this country. The bubble, WILL burst. The people that went and paid over asking/market value, run the risk of accruing a loss in the long run, depending on your contract.

[@maythesciencebewithyou]

The demand is artificially inflated by all those who see housing as an investment. People with too much money don't know where put all that money, so they invest in housing to to make even more money, which they can then use to buy even more housing to make even more money.

[@andrewevans5750]

St Louis and even greater Chicago [not downtown Chiraq] will have their day. Too many jobs with the right price point [yes, Chicago is cheap even with taxes at 106% of the national average]. St Louis is one of the 5 most affordable places to live in the Western World and has some of the highest rated suburbs in St Charles, Ledieux*, Wentzville, O'Fallon, and Lake St. Louis. Meanwhile, where i live went from 98% of the average to 114% in 2 years. the only other options are the ghetto [worse than San Antonio and Milwaukee], or the Los Angeles or San Francisco of the plains. The median take home pay where I live is $100 lower than in St Louis too. Give you a hint, it starts with C and has Springs in it.

[@VolksdeutscheSS]

@Corey Ashely: You are correct. Mostly: A) People are looking ONLY in a few areas--close to conurbations where there is work. There is plenty property. However, most of it is outside of easy commute distance. Also: the property out of commute distance might not have high-speed or any internet, so you can't telework either.

[@carayj]

Home prices are steadily rising and incomes are not...

[@spacetoast7783]

Not a surprise. Homeowners want to earn money by doing nothing, so they show up to vote for it.

[@hammedutman3183]

Hot B T C deals hit me up for more info and give away too

[@samsonsoturian6013]

That's American self-degredation talking, not facts. This issue being discussed isn't just localized to hot real estate markets... it ended weeks ago.

[@jazzdollar3743]

That’s always the case. You notice it now because the rate of inflation is much higher compared to earlier Incomes are slow to catch and when the incomes catch up the prices are much higher.

[@Ryan2022]

My income went up. Inflation isn’t helping though

[@jimmyhuesandthehouserocker1069]

Back in 1977, my wife and 2 daughters lived in a cozy little 2 bedroom house with a large yard for $150 a month, what's around $750 today. This was in the small city of Niles Ohio. For awhile when I was in college, I lived in an old-time rooming house for $12.50 a week, what works out to about $250 a month today

[@mallowmallow2070]

It's nuts now, my rent went up a few hundred dollars and their excuse was 'to match the market' as if that justifies it. I'm actually lucky, some people find that their landlords are raising the rent almost 1k after a year.

[@shirtlesslager]

@@mallowmallow2070 The justification is, that is what the market price is for the space you now occupy. Is your landlord supposed to eat the difference between the market price and what you were paying? That is why escalations are written into the lease.

[@mallowmallow2070]

@@shirtlesslager they're not 'eating' any cost whatsoever in not raising the prices, in fact, they'd have more applicants. Most if not all of the maintenance workers live in the complex themselves, as do the people from the front office, if their rent increases they would also have to pay them more, it's complete nonsense. They could keep the same prices they have for the past 3 years and lose nothing but the opportunity to nickel and dime more money out of the residents.

[@lrn5152]

"Currently in the United States we have a huge shortage of housing." No, there's a shortage of *affordable* homes. Wages and pay are failing to keep up with inflation and the economy from what I've gathered. People can hardly afford anything. It's also crazy how zoning laws and policies are keeping the country from building certain types of properties in certain areas. I understand if its for conservation but the U.S. is literally massive and I know the government doesn't care that much about the environment, clearly. Not to mention how companies/corporations are able to come in and lay claim to entire rental and mortgage residences then essentially buy out competition and home owners. Maybe I'm wrong. It's just an observation.

[@jsebby2284]

Wages aren't failing to keep up with inflation

[@lrn5152]

@@jsebby2284 But wages ARE failing to keep up with the economy though, right?

[@jsebby2284]

@@lrn5152 I don't really know what that even means.

[@lrn5152]

@@jsebby2284 The current economic crisis. I've seen multiple sources state that worker's pay and wages are failing to keep up with the market inflation, poor federal management, devaluing of the dollar, and ultimately the overall economy. The U.S. isn't even projected to be the dominant economic superpower come 2030.

[@jsebby2284]

@@lrn5152 so you're talking about inflation. Which is what I addressed. If you specifically look at 1 year then yeah it hasn't kept up - obviously given whats been going on. But that's not how you should look at wages vs inflation. You need to look at it over time

[@DezaRay24]

Notice how there was no real advice given to people having to rent apartments and homes. Even economist know that we are screwed

[@DezaRay24]

@@albundy3929 yeeeeessss because if We don’t have the money for the higher rent what makes you think we also have savings for an application fee, deposits, and other moving experiences??? You are what is wrong with America sir

[@rehsa2194]

This won't sound fun, and it may be a bit unsafe, but one option is to move to the absolute cheapest most ghetto or rural place within abt 45 min - 1 hr from where you work. Save money, and look to buy either a little ghetto house or a small lot of land in unincorporated territory without restrictions. Depending on where you are in the country, a small lot of land and putting a used mobile home or tiny home on it can be very cheap. Live in that small home for some yrs and save your money to then buy a house you would actually like. I did this method with a 5 yr plan and now have the house I would've wanted from the beginning.

[@DezaRay24]

@@albundy3929 because I have zero savings and w/my rent increase that took my food budget. I also drive for work and need a central location. You act like your idea works for everyone. Again your ignorance doesn’t work for EVERYONE

[@DezaRay24]

@@albundy3929 haha I have vastly changed my circumstances, however that doesn’t make more money magically appear for me to move troll

[@DezaRay24]

@@albundy3929 Where did I say anywhere that anyone owes me anything? That is all your assumptions because you’re nothing but ignorant. I actually work a full-time job and I own a business

[@Mj-kb6ig]

This is an easy explanation. 1. Cheap debt. 2. Inflation. 3. Low supply due to lack of construction AND low rate refinances. 4. Demand from every angle causing euphoria and FOMO......That's why. People who want affordable housing? There's no such thing. Builders only make what's making them money based on costs of land, labor, and materials. Demand has outstripped supply since at least 2013 (has anyone ever bothered to ask how so much supply from 08 swung the other way so fast). Investors, foreign cash, high COL transplants pounding lower markets, and low interests rates, caused this mess. Only way anything gets back to normal is for it to crash. Companies and people took huge risk buying over inflated assets when rates were low. Now that they're coming up? The market will shift. There are booms and busts in every asset. Housing isn't a unicorn that is exexempt. No such thing as a risk free investment. And that's what people did since before COVID, and it got much worse after.

[@radearpurba3589]

Thanks for this information 🙏. Keeping your health 🙏😔.

[@bunnypoop4508]

Investing in the house is a waste of time 🤦‍♂️ rather invest in a company

[@Jay-ql3gu]

Hopefully you’re right but many disagree with uou

[@Mj-kb6ig]

@@Jay-ql3gu I said it will shift, but there's the wildcard of if the government will step in. This was supposed to crash in 2020, but then the moratoriums and forbearances. I've lost faith in the market because this sent the message to investors that they would be saved. The govt eliminated the risk for them, and now here we are. This is what happens when everyone expects handouts, and doesn't take accountability for taking financial risk and being irrational and irresponsible. If this gets bad, & the government steps in again? Not only will I lose all faith in capitalism and submit this is all propped and fake, it will guarantee that future generations will probably not own their homes. This is how bad the effects low rates and bail outs has been on the market. But you'll see some sap crying about being evicted or foreclosing, because they were too foolish to be responsible with the stimulus checks and unemployment. Or the big investors who'll appear before congress telling us they were too big to fail. I mean just today, I read on how big the PPP loans were scammed, & we paid for that. This isn't on the banks this time. It's on everyone who milked this free money. And the Fed knew this was what could've happened.

[@stevenmatthews2278]

It’s hard for everyone regardless of race. Most people can’t afford a down payment or mortgages on homes that are now costing $500,000+ on top of insurance, other living expenses, and the cost of transportation. Inflation is killing us alone. It’s a cost of living crisis and housing shortage crisis.

[@virgilhilts3924]

There are plenty of options well under $200,000

[@spiritualservicesgodbless7641]

Thank you for the video.

[@edyann]

Yes. That's why there are so many Americans living in my state: Baja California. They're willing to cross the border because their country is just too expensive.

[@IIII......]

not me. i'm willing to stay where i currently live and come up with the money afford a home in a nice city

[@loreneaustin5304]

Hedge funds started this and there is not a shortage of homes. It’s a shortage of affordable housing since wages are so low.

[@duncanbug]

Depends, in California there actually just IS a shortage. Nobody built much after the 2008 crash. Nobody though millennials would even be able to move out. So they didn’t build for them. Why build for a generation who has such a bad debt to income ratio due to student loans? Why lend? I say this as a millennial, it’s so dumb. I hate that younger millennials and Gen Z have basically been wholesale abandoned by American systems.

[@drob8220]

There isn't a housing shortage...there is a shortage of affordable housing...there are SO many million+ dollar homes and condos sitting unsold in my area

[@breal7277]

Many unused homes where a live. Rich people use them as vacation properties and home-sitting is a real job out here.

[@RajDeelish]

No IT IS a housing shortage. Those million dollar homes won't be a million dollars if you flood the market with too much supply.

[@julianhermanubis6800]

Yeah, I live in a neighborhood zoned for single-family housing, and the rest of the neighbors and I would fight to the last man in court to prevent it from becoming multifamily or high-density zoning. I have experienced living in both, and there are some real possible problems with higher density zoning. Everything was worse when I lived under that zoning, e.g., much more noise, more traffic, more crime, lower levels of home maintenance, etc. There's a reason why single-family housing is genuinely popular, and it's that, if you can afford it, your own standard of living likely is going to be higher than under the alternative.

[@duncanbug]

Okay but my issues is in places where there’s massive growth. I think it’s pretty understandable to want less density when raising a family. But that’s what say… Oregon might be good for. This attitude is INCOMPATIBLE with the economic reality of say California. The 6th largest economy in the WORLD! At that point it’s destructive and really counts a market manipulation. If google needs 10K employees and wants them local. They won’t get them. Since there’s nowhere for them to live and they may night even want to rent.

[@randommonkey4900]

yea, i think there needs to be a balance but whole urban areas can be just single family, but also there does need to be a single family lower density zoning for those who want it

[@christianmoore7109]

the problem here is that without better options (even row housing would be a good step up in terms of density) prices won't get better. it can't be the only legally mandated standard.

[@julianhermanubis6800]

@@christianmoore7109I didn't say there couldn't be any reasonable alternative options to single-family housing available in large urban areas, but just that there's a reason it's popular and also that owners in areas that are currently single-family zoning may not be thrilled with having them rezoned. I chose to live in this kind of housing over the alternative and so did many others.

[@chrisaycock5965]

As someone who's been a mortgage loan officer and bought a house I can see it from two sides of the fence.. Not enough homes got built, cost of materials, investors buying up way too much inventory, etc... There are solutions. Rezoning and reducing redtape are probably the biggest issues with housing construction. Provide incentive to teach kids trade jobs and rezone cities to be more inclusive of other housing types and provide disincentive for investors to buy up properties in cities that are already under pressure.

[@TheFutureEvents]

How is the loan officer salary i start class Monday

[@chrisaycock5965]

@@TheFutureEvents It depends on the market right now it'll be rough but when this subsides it'll get better. If you go the self employed route you can make like 200k+ easily. I went with a stable salaried position and made 100k+ in my 2nd year.

[@TheFutureEvents]

@@chrisaycock5965 thanks man

[@chrisaycock5965]

@@TheFutureEvents not a problem. Good luck on the test.

[@javaman2883]

The builder we're buying from started a policy last year of not selling to investors and wrote into the HOA rules that the first home buyer must reside in the home for a minimum of two years after purchase. Our agent said he gets dozens of calls per day from investors trying to buy 3-10 homes at a time. He's heard that in the general market, 1 out of 3 homes sold in the past year is to an investor.

[@Vport]

I called a Realtor who laughed at me because I only earn $60k a year. She said the only thing I can afford in the USA is a tiny home, six feet underground. The Neighbors are quiet and I'd be able to rest in peace.

[@jessi-rey]

Oh my god, that's a horrible experience! An earning of 60k should be more than enough.... Sad place we are in!

[@Vport]

@@jessi-rey I was half-joking. Real Estate Agents have laughed at me for looking for a place to live on my hard-earned salary. But they never suggested I move into a tiny home six feet underground. At least, not yet. I wouldn't put it past them.. It is sad that, unless you are a millionaire, you can't find a place to live in New England.

[@mirabella2154]

🤣

[@Vport]

Update: This weekend I was approved for an up to 300k house. Found one that is only $249,000 in my area. Real Estate Agent says it is a "CASH ONLY" sale. Would have liked to have known why. Suspecting that it is an uninsurable lot.

[@robertn.4329]

Two words, zoning laws. When 75% of a city is covered in single family homes of course the cost of owning a home is up dramatically. We also decided that people have to live 4 miles from a grocery store cause that's a good idea lol.

[@theNihilisticEngineer]

This!!!!

[@1Letter23Numbers.]

I live in an area where I'm within 1 to 5 miles or less from everything I could possibly need. We have public transportation to the major city for employment, but many people can work in local businesses that span all industry except traditional factory manufacturing. For that you'd have to travel a fair distance. We have a blend of apartments, townhouses, and single family neighborhoods. Our size isn't huge and there are still affordable home options. There are stipulations being put in place in our area where any new sales have to be to owner occupiers and not sales for rentals. Anyone that currently has a rental can continue to rent to new or exisiting tenants, but restrictions make it so if they sell they cannot sell to keep the property as a rental.

[@Woke365]

The property taxes in the USA is out of control. 10,000 dollars a year for property taxes.

[@wolffo999]

mortgage and insurance (health, life, home, auto) is very expensive

[@positiveG]

not to mention the 100's of thousands (and growing) of homeless people across the entire country

[@Qunyc1985]

There is plenty of homeless in Japan and Korea. Look it up. Even better go there and witness it.

[@chuckyyes]

@@Qunyc1985 yea, but who has more homeless people?

[@Qunyc1985]

@@chuckyyes Tell me. Since you personally don't have a passport and can't afford to live. Go ahead, set yourself up.

[@Onii-chans-neko]

I live in missouri, and i'm pretty sure the housing market where i'm looking is getting better or back to normal. When i started looking, It's true i was looking at houses that had a couple offfers already, or houses were pending like an HOUR after being listed. but like a month ago i put an offer on a house (didn't go through, house had underlying/unseeable problems; But that house had no other offers, and he accepted to paying the closing cost. The banks/realtor i've talked too have said more and more homes are paying closing cost like the old days; (Though my range was $150,000, Not like $500,000+ like in this video ^ So i'm not looking at the houses/market for houses that expensive in my location, so maybe that market is like this video.

[@britneybij3997]

There is no good reason for homes, a Necessity for survival, to be so expensive that it's nearly impossible for any normal person to afford. For the market of a necessity to be too expensive that the majority of citizens struggle to afford it, you know something isn't right. And I know after seeing how this pandemic had people struggling, a whole lot of people, ESPECIALLY landlords, are not gonna be seeing the Pearly Gates.

[@newpapyrus]

Because we let China and other foreign nations buy homes in the US even though they don't reside here. Canada has temporarily stopped foreign purchases of Canadian homes. There should be a 100% fee on all purchases of homes in the US by people who are not citizens or permanent residents in the US.

[@rickyayy]

I know a whole neighborhood bought by Chinese investors. The majority of homes are empty. The rest are air bnb or used as vacation homes. This is the new normal. American citizens will pay foreign mortgage payments. The American way.

[@maythesciencebewithyou]

You loved it when the Chinese worked in sweatshops for you, you hate it that they've gotten rich enough to buy your stuff.

[@maythesciencebewithyou]

@@rickyayy And who sold those houses? The former owners were happy to sell it to the Chinese with dollar signs in their eyes.

[@jesse_-]

That’s because the government printed like half of all US currency in the past year and a half, and China didn’t. The US and other western nations devalued their money severely, while the Chinese and some other foreign nations did not, meaning the get a great exchange rate, and they invest in a stable US housing market. The US also gets to pay off their foreign debts cheaper with intentional high inflation, and they don’t have to look bad and raise the tax rates on the people. Pretty slick tactic to essentially put a hidden tax on the people. Thank uncle Joe. If you voted for him, you voted for this.

[@2ndworldcountryusa583]

Kick them out I hate china

[@SkywalkerPaul]

A hot mess, inside a dumpster fire, inside a trainwreck...

[@kryptonarie6367]

@@ufo_vid9694 Maybe if D.T. would've tried to manage the pandemic responsibly even a little bit, when he was first informed about it in December 2019 and again when it reached U.S. shores of the in January 2020, rather than politicizing it and calling it a Democrat hoax, then maybe we wouldn't have suffered and wouldn't still be suffering with as many issues as we've been for the last two years!?

[@ufo_vid9694]

@@kryptonarie6367 Orange Man Bad Joe Rogan Bad Elon Musk Bad

[@sten260]

keep voting democrat it might get worse

[@nabilfreeman]

USA: Homes are expensive. Me in the UK:

[@parabellum4622]

The opinion that sometimes news outlets speak of these things as if they're in the past. Like a meeting where everyone forgets what the meeting is about when they leave but to address it so they aren't to blame.

[@tylerscott838]

We...just need more affordable housing all around the country.

[@ewanfraser]

That simple huh

[@michigandersea3485]

If you can work in an isolated rural area (remote worker or you have a skill needed everywhere), and you're eligible for a $150k USDA or FHA construction loan, you can get a new home yourself for $150k. Buy a lot in a rural area for around $20k that you can put a well and septic on. You can find these in many isolated areas. Buy a new 1000 sq. ft. mobile home, preferably double-wide so it looks less like a mobile home, put it on a permanent foundation on your lot, and hook it up to the well and septic. A contractor can do all this for you, of course. Cost-wise? You're looking at $150k or so in total, and it will hold its value as well as a stick-built home because it's placed on a foundation.

[@rickj1983]

Define affordable?

[@tylerscott838]

@@rickj1983 the average worker should be able to afford the average home with like 2-4 years of income

[@jayfreeman5117]

@@tylerscott838 highly agree

[@jamesmaduabuchi6100]

The wisest thing that should be on every wise individual's list is to invest in different stream of income and don't depend on the government to bring in money especially now the pandemic is hitting the economy

[@wilsonjudson1650]

you are definitely right , waiting on the government is a big waste

[@jamesmaduabuchi6100]

Investments are the stepping Stones to success especially if you been guided by a professional

[@jessicamamikina7648]

Investing is good but investing in the right thing is the actual key to success . who is your pro ?

[@jamesmaduabuchi6100]

There are so many investment out there but if profits must be considered then not all investments are good to go into.

[@jamesmaduabuchi6100]

i trade with Teresa Jensen White

[@svsthd1315]

Not to include I also flipped a customers home for 70k and he bought the home for 100k and sold it for 400k cash in just 3 months he managed to sell and flip the home. This was in Dover nj. NJ homes booming

[@tfustudios]

Attempting to build in California. There are SO Many rules/ permit fees, before the shovel even hits the dirt, you're out almost 50K. It's the State Laws that make it so expensive!

[@PaullHutchh]

How are millenials/gen z supposed to buy a house/car and start a family? That's why it's called the American dream, because you have to be asleep to believe it..

[@donttalktomeyoureannoying8736]

What is generation x doing