Exposing Disinformation In Real Estate Markets | Melody Wright Ep.132

For Investment Inquiries and/or to speak to an Investment Advisor at HYDRA WEALTH ADVISORS, please visit: www.hydrawealt...
Episode 132:
Today we go beyond the headlines and discuss what is really going on in the real estate markets with Melody Wright, a "boots to the ground" researcher, strategist, writer, and GFC 1 survivor. We take a deep dive on the disparity between the "news" and economic data versus the REALITY of the real estate market with shadow inventory, massive vacancies, creative financing, mortgage delinquencies, potential fraud, home prices, home builders, and more.
The most unaffordable real estate market may get "cheaper" faster than you think into next year as real estate market is about to get "disorderly." Real estate is very slow moving and regional so we discuss the different regions Melody has visited and seen firsthand as well as a potential time line for the next series of events and catalysts.
Are sales really down with prices up and, if so, where? Where are existing home prices headed if new home prices are lower? It is always about SUPPLY & DEMAND. Can the FED stop what is coming our way? Unlikely...find out what is really going on in real estate!
Chapters:
00:00:00 - The Perfect Storm in the Real Estate Market
00:02:43 - Falling Into the Mortgage Industry
00:05:29 - The Forgotten Americans
00:08:19 - Lack of Understanding of the Housing Market
00:11:01 - The Root of Malinvestments and Overleveraging
00:14:04 - Signs of Stress in the Financial System
00:16:50 - The Troubles in the Mortgage Market
00:19:49 - Delinquency Troubles in the Mortgage Market
00:22:37 - The Rise of Delinquencies and the Silent Depression
00:25:34 - The Reality of Job Market Hardships
00:28:21 - Empty Homes and Financial Troubles
00:31:08 - Tricks in the New Home Market
00:34:01 - The Misallocation of Inventory in Florida
00:36:58 - The Impact of Overdevelopment in Phoenix
00:39:54 - Challenges in the Multifamily Apartments Market
00:42:52 - The Sub Two Market and Single Family Loan Sales
00:45:41 - Private Investors and the Real Estate Market
00:48:34 - Stress in the Super Prime Markets
00:51:30 - Disadvantages of Inaccurate Real Estate Technologies
00:54:39 - The Rigged System for Consumers
00:57:29 - Oversupply in the Multifamily Market
01:00:30 - Unsustainable Phenomenon
01:03:28 - Impact of Hurricane on Property Values
01:06:15 - Impact of Lowering Interest Rates on the Housing Market
01:09:15 - Debt Slavery and Economic Disempowerment
01:12:23 - The Impact of Macroeconomic Factors on Personal Lives
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[@NoOne-h7o]

No one better than Melody

[@nohopeequalsnofear3242]

Possibly a future Lacy Hunt in the making

[@RoselPérezCotrina]

No quiero desnudos

[@loribayne5109]

Melody is THE BEST! She will expose your channel to a whole different audience who follow her (like myself 😀 ). She is a truth teller!! A total gem.

[@TheROShowPodcast]

Thank you! 🙏 Welcome! Melody is fantastic and will be a repeat guest.

[@PianoMatronNeeNee]

Love Melody❤❤❤. She’s smart, gracious and has a gifted intuition. She’s the best 👍

[@MindsetMoney2]

This is fantastic! Bring Melody on more often!

[@TheROShowPodcast]

Thank you! We already discussed multiple future shows.

[@mattmcvay2777]

Ed tt 999999⁹u jvc😮o😮 t😮o😮😮😮so 😮7999-usa.comx​@@TheROShowPodcastt r470 t e

[@Ooops1984]

Melody--- Beauty and brains 🙂

[@vishwanathpatil2995]

Although Melody breaks bad news, however her voice is so calming 😊

[@JuanLeuman]

⁵ R4😂😂😂

[@therealestake]

There's a commission shortage, not a housing shortage. Buyers, listen to Melody!

[@timfatout7082]

Real Estate commissions (and lawyers) have to be one of the biggest rip-offs.

[@rd24life]

Melody nailed it. She said a lot of what my intuition has told me for years

[@davidmel2158]

2008 All lenders were not “working with” mortgage holders. I lost my job months before the crash, then lost my house & yes she is right. Average Americans were mislabeled because of all the subprime mortgages that lenders had given out. The banks did not separate us from those borrowers. Then they decided to ignore our pleas for simple adjustments to our terms. Then the people whose homes they helped destroy were asked to bail THEM out, which we did. The darkest years of my life followed. My house was sold on short sale.

[@terryroberts623]

Melody is great!

[@MrsBStacyBattleBorn]

There is so much information in this video. Thank you. I have to save it and watch it again.

[@TheROShowPodcast]

Glad you enjoyed it! Thank you! 🙏

[@eyeinsee]

Mean while real estate agents are saying “Dont wait buy a home now before the market crashes”

[@davisutton1]

Remind me again, what is it real estate agents sell?

[@mycharmedunicorn8715]

This should be a criminal. My daughter fell into this and I am so worried for her. Not only did she get screwed on a house, the seller stole a bunch of stuff out of the house that was expensive, and the property taxes have doubled.

[@johnellenz4330]

Great interview Melody. Keep up the great work educating the people of America.

[@sudo2998]

@14:00 Thanks for explaining this Melody. More please!

[@TheHsubh]

I live in Arizona. I had a divorce and had to sell my home in 2020. I haven't been able to buy another home, though I make good money. I'm saving my money from selling the home, hoping someday I will be able to. There has been price gouging and my rent has doubled since moving in 2020. I don't know how people that make an average income aren't on the streets.

[@tt-designs124]

Similiar as I also had a divorce in 2020. I live in Salt Lake and like everywhere, it's gotten crazy expensive. I rent now after owning for 14 years so it's a bit different.

[@nosac1230]

Can't believe I never saw your channel before. You have a new subscriber. Great interview with Melody. She's my fav in the RE space.

[@TheROShowPodcast]

Thank you so much! 🙏

[@TheROShowPodcast]

Thank you so much! Welcome aboard! 💫💫💫

[@KevinintheUSA]

Five star interview. Great job!

[@TheROShowPodcast]

Thank you very much! 🙏👍

[@MrPatrickslovell]

Spectacular conversation. Melody is incredible. You guys missed one significant piece although Melody did say it once . During 13 years, QE was purchasing $180B per month of MBS. The Fed plowed $71 Trillion into our financial system which was RICO not just Ponzi. That was b4 Covid. It was done illegally.

[@RobPeel-sy4zx]

Excellent interview - lots of great information. Melody is the BEST!

[@TheROShowPodcast]

Glad you enjoyed it! Thank you! Yes, Melody is excellent!

[@markwalker2307]

Wow ! Great show. Good questions. You're a good interviewer

[@TheROShowPodcast]

Thank you so much! 😊 Appreciate your kind words. 🙏

[@nadjadavidson411]

Melody, I’m JUST like you. Taking deep dives into new topics until satisfied and then move on. 😂 That’s why I have a career that gives me a new challenge with every new client, and I’m a happy camper.

[@uncommonsense5876]

We sold our real estate assets just prior to 2007 KNOWING the crash was incoming. I was a student of Shiller since about 2002 and it was clear what was coming. We subsequently began reinvesting again in 2010 seeing the decimation of the residential construction industry would eventually lead to a significant shortage long term that would drive up the values as national debt levels would devalue the US currency. The only insulation to own these hard assets such as real estate 😊 The Fed will be forced to lower rates to avoid default on the national debt. That will bring about the NEXT phase of very high inflation. Again own hard assets to insulate your buying power in HIGH inflation environment.

[@ab78001]

What do you think of bitcoin as an inflation hedge?

[@khutzey4149]

Great Interview! Lived GFC - come and gone. Criminality bailed out, now they’ve just gotten more creative. Will be interesting to see how 2024 plays out.

[@TheROShowPodcast]

Thank you! 🙏

[@tomd5178]

As I look all over Florida in various price ranges, it seems most resales are asking close to double what they sold for 3 or 4 years ago. And even if price is only up 50 to 60%, prices are still out of reach for most. And of course interest rates at 7 or 8% make these prices even more impossible

[@Newlinjim]

They gone learn.

[@melissacox1180]

Absolutely fascinating! Love your story!

[@TheROShowPodcast]

Thank you so much!🎉

[@mikem4432]

Nothing Has Changed.. why? because the CROOKS IN OUR GUBERNMENT ARE STILL IN POWER..

[@Horatio1886build]

I know it is like so obvious. I'm a small business home repair contractor. I provide something a service that is " real". Watching politicians and bankers get rich even when they crash the train thru mal investment and con artistry is disgusting.

[@GetYourSpotlight]

Great show!

[@TheROShowPodcast]

Thank you! 🙏

[@Bryan-yq9pz]

Great interview, Thanks

[@TheROShowPodcast]

Thank you! 🙏

[@dustinhartlyn]

Really great episode!

[@Freedomlifethree]

Hey Melody. I am glad you are looking into the detail in the housing market but you use a lot of jargon to the real estate, mortgage and finance world that most people don't understand. Your message is already complicated enough without all the jargon. It would be sooooo helpful if you would just take a beat and define when you bring up a term or an acryonm. thank you.

[@23drcharles]

The problem with the coming real estate crash is that shadow banking is at a breaking point. The new book, The Bubble That Broke the Bank, argues the key is finding survival strategies that will work with your investments.

[@nadjadavidson411]

Excellent interview

[@TheROShowPodcast]

Thank you! 😊

[@timfatout7082]

Last year all the talking heads were saying this year would be "the worst of it" - this year they are saying it will be next year. I agree this is all going to collapse - but when?

[@user9675]

Will it collapse or will rapid inflation of everything catch up first? See if home prices stay relatively still and everything rises rapidly in price then that's sort of a housing correction in disguise

[@Newlinjim]

@@user9675so look @ wage growth? Big tech laying off along with many large corporations,don’t see wage growth volume required to sustain the inflation of our monetary policy. The exact opposite in fact.

[@peterbedford2610]

Eventually, the sky may actually fall.

[@MrsBStacyBattleBorn]

18 months of forbearance is insane if those loans were accruing interest still. But with over inflated housing prices, if banks foreclosed they wouldn't be upside down on those loans.... and if those loans had mortgage insurance, it would cover the losses banks/financial institutions had on the sales of those properties. Either way the debt/losses still fall on the average American to pay.

[@FreedomTalkMedia]

I didn't know she was a Michigander. Sitting 20 minutes from the GM building. Michigan was hit hard as it always is in any economic crisis. Nobody buys a car in an economic crisis. So Michigan gets a new industry, mortgages. Yay! Nobody buys a house in an economic crisis either.

[@insiteandawareness3500]

The housing market is artificially inflated and distorted big time.

[@hjosephgilley]

Well done 👏🏼

[@CKPill]

For someone with their all their debts paid off, i still worry for effects of the reckoning to come.

[@Eva-li2pe]

New homes sales and prices dictate what happens on existing homes. This tells me that the existing homes prices will fall.

[@user-oy5wk6sg5f]

No, new homes do not "dictate" anything in the existing market. 10% of the market does not "dictate" anything to the other 90%. 🙄 What nonsense. I suspect you heard that from some other renter with a KZbin channel.

[@Yetified_Mayhem]

Enjoyed the chat. Here in the Idaho Rockies its a different story. Many Boomers and blue staters want to move here. The price for fast construction (before winter) has doubled because outfits have to come from as far as Boise to work (two hours). Accommodations are scarce and price is high for all the construction laborers.. If you're an ordinary American that wants to build a regular home, or dream house, u are way way down the line. Money talks, the rest are fucked. Check out Whitetail, McCall..

[@Yetified_Mayhem]

Yet, they want their cake and eat it. Most regular workers in town cant find affordable housing. Corps like Shore lodge bring in foreign workers for the summers and set them up in bunk houses... When u see it in person its absolutely not cool. I'd rather this town go back to its wood milling history..

[@TheROShowPodcast]

Thanks for sharing! 🙏😊

[@jeffreymorgan3628]

Melody. Come to Saint George UT.

[@hedgedrisk]

great interview, Mel how do people contact to discuss physical moves to certain metro areas. I'm looking for advice about Destin vs San Antonio

[@thehappymommyguide4u]

Melidy rocks 💪💪💪♥️♥️♥️

[@mysticaltyger2009]

*Melody

[@derekseifert7]

The overbuilding in the US is our version of the Chinese Ghost City.

[@Jack_Parsons-666]

Where are the American ghost cities? I'm a remote worker and I've been searching for them.

[@yeseniapastor7165]

The thing is rents are as high as mortgages so people buy homes. I think as long as rents are high the housing market will keep moving what I'm seeing now is parents buying home with their adult kids so you see 3 or 4 borrowers on a home loan.

[@caugas]

I live in SC and home prices are at the highest level yet. Not sure where she went. Charleston is booming!!!!!

[@AhabofPequod]

She makes stuff up - always based on "trust me I see things".

[@juliecrockett4589]

No she does not. She has travelled in around SC. Check her out on Real Estate mindset or Doomers News Network channels

[@rubicon3416]

Just prior to the GFC, average Americans were also using their inflated house price as a piggy bank. It'll happen again with this "new" 2nd mortgage scheme.

[@TheROShowPodcast]

Agree. The Freddie Mac deal is a disaster in the making. DEBT and overleveraging are always the problem.

[@veerenchithriki2803]

You are an amazing expert so intelligent and beautiful

[@HepCatJack]

The sold signs aren't necessarily false. In Canada, real estate was being purchased by wealthy Chinese businessmen looking to move their wealth out of the grasp of Communist China. Some may have used Bitcoin to accomplish this. This would make them buy and hold investments however it would make more sense to purchase REITS instead because at least with REITS you have management making it a productive asset.

[@lauragraves2948]

“Are prices coming down?” Melody responded with being able to give where sales are up and prices are down…. Which Portland??? 🙌 OR or Maine?

[@flyingmonkey3822]

What’s “fintwic community “?

[@TheROShowPodcast]

It is the FINTWIT (Financial Twitter) community on Twitter

[@rodgerpiercearchitect]

…if I really want to insult someone; …I’ll ask them,”are you a realtor?”

[@user-oy5wk6sg5f]

You should ask them if they're still a renter instead.

[@dwaynecarroll7985]

China is shorting their own bond market. Who had that on a bingo card? It is pretty much unravelling. We are out of currency

[@Newlinjim]

Damn,that’s a good move…wonder if Janet is hep to that.

[@CoachRP]

Municipality’s greed for more property tax revenue has also contributed to this over supply. Shockingly, city & county officials are in on these developments. Buyer Beware. Do Your Research!

[@ronniepratt8710]

Don't pay attention to these real estate people and builders. Everything is always good with those people, even when the bottom is falling out. They're just looking for the next sucker to buy these over inflated homes.

[@darinthesecularspiritualist]

Melody. You did not ask ro how she is doing today. She gave you the high how are you today but you don't care how she is doing today.....

[@nohopeequalsnofear3242]

Why are smart people plowing into a 2006 style bubble?

[@Newlinjim]

FOMO everybody a RE Bro these days,leverage to the moon baby!

[@AtlanticIslander]

Another prognosticator speaking as if they know what’s going to happen. One thing that I’ve learned is don’t underestimate the system’s willingness to keep the show going. Think back to when the USD was taken off the gold standard, people freaked out. Yes financial markets were extremely volatile in the 70s for many reason but the very best thing to do was to convert cash to anything other than cash, LONG TERM. Please keep in mind that this person has absolutely no clue how the future will play out and neither do I.

[@Newlinjim]

That’s a fair point. I’d take it a step further and exit any domestically fixed dollar based asset. We are living through the last vestiges of a fiat currency confidence cycle.

[@user-vc8gm6il8l]

a!

[@omnimoeish]

Perfect storm except millennials are way behind buying houses and the home builders are cutting back on new construction. I see stagnant prices until rates come down. Then transactions will shoot up but prices will probably barely fall, maybe 1-2% if we’re lucky.

[@carbonfibercrypto2919]

Cool I can skip the video now since internet comment guy has such strong analysis

[@michaelsd284]

Totally agree we are in a period of stagnant home sales. I caution anyone believing that a decline in rate will bring home prices down. I would argue the opposite due to the limited number of buyers due to home affordability which includes both home price and rates. Currently the only think keeping home sales alive are people able to buy home with little or no mortgage loan. If rates come down you will see a short period of sales increase, but that will continue to drive home prices up making more buyers drop out of the market. This problem is so very easy to see. Just go look at the home prices from 2015 forward and watch the +40% increase in home prices from 2020-2022. This increase was totally artificial (no tangible increase in value such increasing livable sqft, remodels, etc). What goes up must come down. Just back away so you do not get hit with the debris. With rate high, now if the time to put your cash in an investment vehicle that suites you. CDs are around 5%. Take the time to make a little $$ while the home prices correct. Its going to take 18-14 months but it will come.

[@bobbyward2440]

I didn't watch the entire video but one thing everyone seems to miss is the fact that you have the millennial, a very large generation, on the sideline for years. There has never been more pent up demand of qualified buyers to soak up supply than there is right now Nationwide, there is a very small chance of a large downturn

[@Newlinjim]

They can’t even fund their student loans…

[@JorgeOrpinel]

"I don't care if most of Mexico moves there" (to Austin). WTF is this crazy woman talking about XD

[@user-oy5wk6sg5f]

She's doesn't even know. She just rambles on and on without offering ANY evidence or hard data to support ANYTHING she says.

[@tinacraft303]

So you're responsible.lol, just kidding, they do this to people all the time. This time will be 10 times bigger. The difference is that the big corporations will fail to. Nassara Gasara will kick in , all depts forgiven. So barrow all you can and pocket the cash , buy some gold , stay away from stock market the goverment insider trading will take it down. Have fun.

[@andres7476]

Nice but the voice sound is bad. Buy a headset