Historical Housing Crash Started "SELL NOW" says Economist Harry Dent, Jr.

[@commonsnapper5722]

If homes drop 50 percent property taxes should drop 50 percent 😊.

[@giborchayil]

There shouldn't be any property taxes...🤫

[@JeremiahJDodds]

@@giborchayil exactly

[@joshuamorphew8560]

That won’t happen, counties already spending that money. Base rates will increase.

[@ericmcabee5823]

@@commonsnapper5722 Doubtful

[@tonyvallejo9071]

@@JeremiahJDodds absolutely, in a perfect world!

[@hood6854]

Employers won’t raise salaries to match the cost of housing but they haven’t done that, ever. In the 50’s Dad worked a modest job, Mom stayed at home and raised the kids, and they lived a nice middle class lifestyle including owning a home. Nowadays both parents work and can barely afford to make ends meet. Soon the kids and family dog will need to work to keep a household going. It’s the destruction of the American dream right before our eyes.

[@KSAnsley]

What was the American dream and why does it not fit God's plan?? We need to stop thinking every generation should be better off. Hard men create soft men is real.. no parable. We've created soft society.. tragic kingdom.

[@danielturner9832]

Wages have never ever kept pace with inflation.

[@hood6854]

@@KSAnsley Yes, the soft society is the greedy older generations who can never have enough wealth and couldn’t care less about the struggles of others. Even at the end of their lives they need more and more and more. Harry Dent is a prime example. He has more wealth than any man could ever need and should be enjoying his remaining years, not worrying about the next crash where he can suck up assets from those less fortunate.

[@Francisco-po1cf]

That’s because Couples spend more loosely. I bought a home at 30 in 2020 by myself. It can be done. Couples often find reasons to spend money. Married couples with children often brag about how big their tax returns are but can’t buy a house?

[@sat0sh139]

Agreed! I make this point often, but most people I mention this to don't get it.

[@ShelbyHutchison]

"It has never been easier to buy a home" - This is absolutely the greatest detachment from reality I've ever heard. Maybe we should clarify - It's easy to buy a home, but to AFFORD the home is extremely difficult.

[@moonovermiami9787]

It's actually never been harder to borrow. I think this guy is nuts. "cash is king"...lol. NOT!

[@TwentytenS4B8]

This guy is so full of 💩 his eyes are brown. I noticed he kept mentioning the Chinese. Perhaps that's who he's talking about. It's near impossible for the common pleb to buy a home.

[@johnwayne2140]

​It's never been easier for big investment companies to buy regular homes, but yes, it's never been harder for average working people to buy one.

[@raprock5000]

@@ShelbyHutchison Right if you don't mind paying double under these crooked dems.

[@waynehartlerode8936]

They are hooking the younger generations on renting. Millennial and Gen z are so incompetent at home maintenence and keep voting blue. Dems keep regulations up which drives up cost to build. Prices will keep going up as long as investors keep buying good deals with cash.

[@CrystalJoy-32]

I'm an amateur with a portfolio of 180k and I've got some real estate holdings too, but it's hard for me to build confidence. I want to invest another 70k over a one month span, but I want to be strategic about doing it so I can grow more and not stay stagnant. Are these good Index suggestions?

[@paultrump7630]

Safest approach i feel to go about it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert

[@user-nt-k91]

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

[@gwendymolly5953]

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@user-nt-k91]

Amy Lea Kohlert. is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.

[@doombuddy132]

It doesn't matter how much they drop the price. they need to stop having big companies, buying out all the homes, and renting them out. That's why the price is up so much, you have one company owning 20 homes and renting them.

[@jakestarr4718]

the banks are doing it, banks repo then reassess, then draw from fed... rinse repeat trend... but since businesses never recovered from 2012 as banks started to replace lost capital on business loans with rentals, it marks the end of the usd

[@sarahann530]

What difference does it make if one company rents out 20 homes or 20 landlords rent out 20 homes ?

[@imanjones3807]

Most of the companies are from other companies which makes it even worse

[@sarahann530]

@imanjones3807 What are companies from other companies and how are they worse?

[@calvinborer6572]

If the prices go down Black Rock and other giant investors will just buy up even more

[@brynduffy]

"30 or 40 years of prosperity"? I think what we're actually looking at is 30 or 40 years of wealth centralization and the impoverishment of the middle class.

[@blueyhis.zarsoff1147]

100%

[@my2cents49]

Exactly. Prosperity for who?

[@allanwatts8361]

@@my2cents49 youre one step behind

[@jayess6318]

Ok, so I sell my home and hold on to the funds waiting for a crash and instead we enter into a greater inflationary position and the funds I have on hand will only purchase half the home I sold or I can hold on to my home, wait and see what happens. Two things can happen as follows: 1. The market goes up and I sell my home for an extra $500k in the future, or 2. It crashes and I lose $500k on the sale of my home but I can purchase the next home for $500k less and have lower insurance and property tax base. Either way, the safe thing to do is ride the wave and don't get excited by these people. If someone sold their home 4, 5 or 10 years ago waiting for the market crash, they would be Shhht out of luck right now and would find it difficult to enter the real estate market today!

[@Pangora2]

you don't have to sit on cash. If someone sold A house 4-5 years ago they probably live somewhere still.

[@juliod7024]

U R right. Everyone is an expert nowadays. Even if you hold on to your house, there has never been a time that house prices don't come back up.

[@stevenevangelist5221]

remember money now is better than money later.

[@Simon24312]

@jayess6318 Finally someone talking sense. Spot on!

[@JonathanMunguia1000]

@@stevenevangelist5221 if your renting your home, that is money now, sell it now is money as well but everyone has an opinion my home is paid off I shall rent it

[@RootBeerGMT]

Wife is a broker for over 20 years. Florida sellers have a huge attitude adjustment coming their way. They remain completely disconnected from the economic realities.

[@RichWisemana]

Thanks to us we can keep it up It's not covid Don't worry don't sell now wait cuz Real Page the company is going to push it up another 35% we have planned it out for a up swing with the fake algorithm which will not be corrected for another 2 months and Therma Brova as well as black rock we have more time.

[@RichWisemana]

Thanks to us we can keep it up It's not covid Don't worry don't sell now wait cuz Real Page the company is going to push it up another 35% we have planned it out for a up swing with the fake algorithm which will not be corrected for another 2 months and Therma Brova as well as black rock we have more time.

[@jamesc2683]

"I don't care who gets elected president, they don't drive this ship" 100% accurate. The Federal Reserve is out of control.

[@bpb5541]

I am not a fan of the Federal Reserve ... in fact I don't think there should be one at all. But my real concern is Congress and the Treasury (yellen) those are the true criminals.

[@fredlacroix6865]

Trump wants to fire Jerome Powell

[@Sourpusscandy]

You know who runs that righ??

[@milliesecond102]

@bpb5541 I've known about Janet Yellen for decades! I used to get bombarded by her emails back when all we had was AOL in the early 90s. Anyway, she was a schister back then and no doubt, the biggest scammer FC could find for the position of Treasurer! Now she can just sit back and collect our tax dollars for her own gain. Janet needs to go!

[@vickiehat1074]

💯 %agree

[@wango556]

35:20 this is untrue. I was in during 08 crisis. I lost three houses. And NO-ONE was not paying their mortgage so they could buy the house next door that was in foreclosure. That is an absolutely false statement. It might be what you believe happened looking back. But it did not happen in actuality. Everything was way high during the crisis. So everyone was busy worrying about $6/7 gasoline, groceries up, and everything up. The reason keys were turned in is because the values tanked and people were underwater hundreds of thousands of dollars. So they realized it was cheaper to just walk away from the house.

[@jjold9394]

@@wango556 I lost 4 properties.. no one pay rent A lot money for court house to kích tenants out ! Tired

[@hebrewhomesteadupdatewalee8303]

Some people went with the flow

[@janiemiller825]

Truth

[@Curiostygotthecat]

@@wango556 yes I lived it agredd

[@misamisa2677]

Let me tell you something developers and rich people will buy a house and keep it there like if nothings happening so that you think that the house is still there sitting but as soon as they can, they fix it to either level the house down or yeah, that's what they do. They level the house down and they built something totally out of the bracket that neighborhood is and that's breaking the law and real estate. You're not supposed to do that. You can build a mansion in a town that has no mansions and you're gonna get taxed according to what the surrounding houses are, it doesn't matter if you marble in your bathroom, your house is gonna be the same amount so little by little they buy these houses or let it sit there for years sometimes and you don't even know it like people who have bought land and they don't realize that the developers are the real owners of the land and if they asked him to leave, they have to after a certain time All those low income apartment buildings that you see that everybody gets upset because they're helping the poor guess what it's tax deductible and they're they have to do it that way to be able to buy that land and build on the land and then after a certain amount of years, they're allowed to turn it into a luxury buildingbet it's not about running for president who is president is what we allow the government to do. It's our fault.

[@jasmines.6325]

House prices need to go back to 4x income and be put back into the hands of first time homebuyers buying for themselves. Severe penalties for shell purchases and strawman purchases.

[@ThatGuy1of1]

@@jasmines.6325 I hear your frustration loudly. But, did you know that All residential homes are purchased via Strawman, even when purchased all cash?

[@francisyoung3584]

@JASMINE, I understand your point, but what you are proposing is unfortuantely anti-freedom and giving more despotic government control over us.

[@whatsupwhatsup457]

@@ThatGuy1of1when housing prices crash the Government is still standing strong to skyrocket inflation and taxes! Don’t think it’s going to easy

[@yepdontcarebud]

4x? Needs to be 3x, as that's about what you can afford. Especially with a 6+% interest

[@MauriceDeClerk]

@@yepdontcarebud No, 25 years ago it was 4x with close to 6% inflation in Canada. That worked out just fine.

[@amyk3020]

Todd thank you for a captivating interview. Harry is right and I have been wondering when the BIG BURST will happen. As a CT Realtor, it saddens me to see these outrageous offers being written and I have been wondering how many people will go belly up in 18 months. Everyone has been sooo greedy and no one wants to sit back and wait out the housing bubble. Definitely subscribing to his newsletter. As a former Marylander, I miss the state and want to move back. Keep doing what you do....let's get ready to buy bigger when the market drops. Best

[@jillklann4516]

Prices tripled in three years. Time to get it down to middle class prices !!!

[@CharlesWangLA]

Triple? More like 50% in 4 years in some markets.

[@santoyoarmando81]

Exactly, it doesn’t take a genius to know this is the biggest bubble ever.

[@mauriz8120]

prices doubled in the midwest. Thats 100%. It tripled in Florida and so did the insurance in florida if you can actually get it. The CAM fees doubled in Florida. Good luck.

[@CharlesWangLA]

@mauriz8120 home prices did not triple in Florida. They are up 47%. Now payments have gone up alot if you look at interest rates, property taxes (higher valuation = higher taxes) and insurance. For homeowners who bought and/or refinanced when rates were sub 3% they are still in affordable territory.

[@ablamill8357]

wont happen, only up

[@Breezeyogi]

One of the absolute smartest decisions one can ever make is to payoff their house and stay pit. PERIOD. A house is not a bank. Don't think of it that way. It's your sanctuary from the world and your security. Treat it as such...

[@shanghaiffgg]

Amen. I would add that you should buy a home that will serve your needs and no more. No need to tie up unnecessary amounts of capital but buy one that you will be happy to live in for the longer term.

[@Lori1Cor15]

Until the great reset

[@thirstingknowledge]

@@Lori1Cor15 The great reset cannot take your home if it is paid off and is yours/

[@Justme77888]

@@thirstingknowledge Sorry they can take your home if it's paid off!They can take it from property taxes and also if the government decides they want your property for some use the government can force you to take what they offer you for your property and you have so many days to get out! I see stories like this all the time! Just because it's paid don't mean nothing to the e*il government if they want it they will take it!

[@MarkG-h2y]

I bought my house in California in 1999 for $300K. By 2005 it had more than doubled in value and by 2009 had dropped by more than 40% in value. Now it has quadrupled from it's original value and is at $1.2M. Bubbles will come and go but LONG TERM, real estate is a good bet plus it provides you a place to live and joy that cash or stock ownership never will.

[@jamiefaucett7216]

Recessions are healthy absolutely right. This bubble can't go on much longer and the longer it does the worse the consequences will be

[@jasonhudson8336]

It’s not a bubble anymore. It’s 4-6% increase every year which is normal. These people are lying there will be no crash in real estate

[@bperez8656]

@@jasonhudson8336record breaking debt & credit use isn’t bubble? Hmm maybe cause Blackrock bought all the homes to hold the prices up?

[@dirkfrazier9779]

@@jasonhudson8336 I am excited; next week we have I Love Lucy! reruns all week! Oh Yeah!

[@jasonhudson8336]

@@dirkfrazier9779 ?? Whatever that means

[@jumbojet8]

If homes drop 50 percent property taxes should drop 100 percent...PROPERTY TAXATION IS THEFT!

[@raprock5000]

The government really hoses the American citizen on property taxes because they don't want to stop spending and they have to hammer the citizens with more taxes.

[@SPYDER990]

not sure where it was but there is a petition going around and through the courts because county's across the country are defrauding taxpayers and artificially raising property taxes based on nothing..so wait for it its coming!

[@ajkulac9895]

I live in a small EU country. Property tax is not a thing, never was. Most homes are not insured and there's no such thing as HOA. Almost everyone is a homeowner. No tax on inheritance from parents to children.

[@thomaspick4123]

Your local government will change the mileage rate to adjust to the new lower price of your home. Government officials will not be taking a pay cut.

[@raprock5000]

@@thomaspick4123 You're 💯% correct once they raise something your screwed. Dictatorships.

[@phoenixrising441]

We have been living in a depression for YEARS! I literally literally have had to cut cardboard inserts out for my shoes and do other humiliating things I won’t mention just to survive. And I am a veteran RN who makes “decent” money. They’ve been lying to us for years and since 2020 it has been a literal depression. We all know it.

[@danielturner9832]

Inflationary depression which is most cruel of all.

[@daniella8400]

As an RN it’s no way you can’t make enough to buy your child shoes. You need to get your finances in order

[@andrewmunz4443]

hahahaha!!! Where's the choir dude? I'm a RN as well who makes Cali money. These fuckers take almost 60 percent of my money, and I'm in the same boat. They're always screaming to pick up extra 12's, graveyards, weekends, and holidays, but it's completely pointless financially. I'm sure you're well aware. Per my calculations, minimum wage should be about 37.50/hour nationally (with taxes included) for people to afford rent/mortgage, car, food, internet, phone.....and then they're broke at the end of the month.

[@Daniel12.4Ministry]

The throw away economy must change and we will do the best we can with what we have. Use it until it is unfixable.

[@mattc6457]

four words: GET OUT OF DEBT

[@Paul-nn9oj]

REAL ESTATE IS A LIABILITY if bad tenents &/or agents. Insurance never wants to pay up. Law on tenents side, even if they trash your house

[@everhappy6312]

Yup. Had that happen to us. Thank God we had a $25,000 deposit and the renters trashed a high end home. At least we used to deposit to pay for renovations. And the renter was a doctor!!! Imagine.

[@wendytimms]

Got the Same issue with insurance in Australia at the moment with an investment - won't pay out on the insurance

[@tmo4330]

My brother-in-law is the exception. He has 3 rental houses/properties and has never seen a late payment! Oh my gosh this is crazy.

[@janicebartmess2646]

@@Paul-nn9oj My husband and I owned two houses back when we were young and making good money and had good credit. And yes.. We had a bad tenant alcoholic who was only paying half the rent, which was already ridiculously low. He trashed the place and it was un-rentable. For this and other reasons unavoidable we let him stay too long until he owed 10K and the lender on the 2nd moved to foreclose over that 10k arears. The end result is that we had to sell to a flipper.. Lost a few hundred thousand dollars on the market value then and now. All this happened in a prime area of LA County CA. Let me tell you that a bad tenant can really screw you up in short time. It happened to us and I've seen it happen to others. If it was not for something to counter inflation and run- ups in market value like we're seeing in the last several years, rental investments would not be worth all the risk and problems. But this boom has about run its course and the writing is on the wall. So we lost that house and we eventually lost our home of over 45 years and we lost at least $200,000 on my mothers home when she passed. My husband passed and I am quasi- homeless until I can get moved back to a dilapidated little house on a patch of land in a hardscrabble rural area where there are not many income prospects and RE investors have not discovered. It is beautiful and I can raise my own chickens and have a garden etc. This is the hill I expect to die on and I don't care about the money. I just want peace. And before I die I intend to make out a will to give my place back to the Indians who used to own it over 100 years ago. Nothing for my selfish greedy relatives and that's it. Folks..Money just brings you grief and worry. I'm glad now to be rid of my "investment properties"

[@deborahfung67]

I only had to evict two of my tenants in the past 15 years. But I have to pay a lot on repairs and tax every year. I think if I get an Universal Index Insurance is better.

[@erickeenan7562]

Back in the depression, my wife's grandfather bought a second plot of land on a pristine lake, 1/8th of a mile of waterfront, 100 acres of agricultural land uphill, and he did it on a state surveyor salary. Fast forward to 2022 and I couldn't reasonably buy-out a half share from a relative to retain a tiny remanant of the original property that was the last plot still in the family. I have a well-paying job and no debt, but prices went sky-high and I feel like I lost a treasure. Sure, we have our cash from the sale still, but prices just keep going up.

[@survivor9898]

What a shame and I know the exact feeling of that loss and it sucks!!! Our gov screws us over every 10-15 years by messing with the economy, interest rates, artificially printing money,, subprime mortgage loans and events like covid ect... The rich get richer and the poor get poorer...

[@Daniel12.4Ministry]

My great grandfather moved to America from Poland in 1905 by himself when he was 7 years old. He came with no money but got a job. He worked hard and lived cheap, and within a few years, before WW1, he was able to bring his siblings to freedom, and purchase an 80 acre farm! Today we need to learn how to live frugally and make the best decisions when they present themselves. Keep your chin up. You can make it.

[@jacobjohnson4763]

The availability of credit has created this mess, then add printing money to the equation and you have increased demand and decreased value of money

[@Cody62]

Those who do not fall into the credit trap, live within their means and have reserves set aside will be richly rewarded.

[@jenny-DD]

You didn't take into account they were paid less dollars at that time too so it's not as cheap as some people think

[@Bluegastank]

One thing to consider is back in the 1800s through 1940 a lot of people would get together with their neighbors and just help each other build their own houses there was no "Housing market" like it is today.

[@foxmulder7616]

@@Bluegastank no kidding and nobody was homeless, you just built a 🏠 or at least a shack, today if you can't make enough money to keep up with ever increasing prices cause they devalued the currency, shipped all they industry overseas, etc etc etc it's basically illegal for you to exist, v your not allowed to be anywhere, your not allowed to sleep and it's even illegal for people to feed you!

[@SunnyDaysRFun]

Even so, a kid today still enjoys more luxury then a kid back then. Today he might have car to drive to school, a cell phone, better clothes, better home, computer, pickle ball court to play in, TV, more movies to choose from, ect. et. So which kid would you rather be, the one in the 1940's or a kid today?

[@dirkfrazier9779]

No building code, or property taxes; we need to return to those times!

[@dirkfrazier9779]

@@SunnyDaysRFun The one I was in the 60's & 70"s! This world has just gone to hell in a handbasket! Biden/Harris print money for every occasion and every kid has a sexual identity crisis!

[@dirkfrazier9779]

@@SunnyDaysRFun And not the 40's; that was World War 2, 2030 is World War 3, your pick!

[@JohnDaniels]

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless." - Thomas Jefferson

[@traceym1778]

and here we are...

[@galadrielwoods2332]

A private Jewish family (FED) loans fiat to the US with interest. The same family, along with Weishaupt and Frank founded the illuminati that infiltrated Freemasonry, instigating French, Russian revolutions and both world wars.

[@ji-wonseong1623]

We never recovered from 2008- the Labor Force Participation rate, home ownership percentages, and so much more never recovered...I am just praying to get some property so I can grow my own food...

[@AsusMemopad-us5lk]

@@ji-wonseong1623 Gonna need more than praying. :-(

[@kirsten9123]

Big prayers in Jesus name ❤ Helps

[@kevintewey1157]

Are you going to raise enough of your own grain to raise meat?

[@Lswisdom77]

@@kirsten9123 Hun?

[@Ivanslav1]

Yeah I think it’s the same bubble just bigger. There was a lots of fed buying Wall Street debt to prop up Wall Street

[@TimG--]

Been hearing this fir 4 years

[@mrsm482]

Thought the same.

[@BrandonGrieve]

4 years? Been hearing this for 10 years. They'll eventually be right though.

[@yulingo5577]

Yes, but never happen... i heard it since 2006 ... 18 yrs ago 😢

[@cultleader3572]

​@@yulingo5577where were u in 2008 to 2011 ?🎉🎉

[@tjv6976]

@@yulingo5577 yeah and the bubble burst in 2007. Where were you, in the womb?

[@DavidHuntPHG]

Harry, you said this about Australian Houses in 2008 2009 2010 2011 2012 2013. A number of my friends took your advice. They are still waiting to buy back their houses for twice what they sold for. Hopefully, you will be right by 230.

[@jplmedley]

he's been wrong for many years and it doesn't affect his certainty - that's a sign of a lack of capacity to think critically.

[@RichWisemana]

​@@jplmedleyIt's not covid Don't worry don't sell now wait cuz Real Page is going to push it up another 35% we have planned it out for a up swing with the fake algorithm which will not be corrected for another 2 months and Therma Brova as well as black rock we have more time.

[@RichWisemana]

It's not covid Don't worry don't sell now wait cuz Real Page is going to push it up another 35% we have planned it out for a up swing with the fake algorithm which will not be corrected for another 2 months and Therma Brova as well as black rock we have more time.

[@RichWisemana]

It's not covid Don't worry don't sell now wait cuz Real Page is going to push it up another 35% we have planned it out for a up swing with the fake algorithm which will not be corrected for another 2 months and Therma Brova as well as black rock we have more time.

[@RichWisemana]

It's not covid Don't worry don't sell now wait cuz Real Page is going to push it up another 35% we have planned it out for a up swing with the fake algorithm which will not be corrected for another 2 months and Therma Brova as well as black rock we have more time.

[@Gurupodcastreviews]

I am in florida and the amount of people moving down would keep prices high. I never seen so many people from new york, detriot, California etc. I wish they would stop moving down they are negatively effecting our rent, roads crime etc.

[@danielturner9832]

Supply and demand. Prices are likely to fall far more slowly there.

[@donniemoder1466]

Yeah. Just close all the roads, airline flights and ships that go to Florida.

[@dennyfie]

A friend wants me to move to fla,and help him with a couple endeavors, he is in lake Wales so off the beaten path.last time I lived in fla.there was 8-9 million people,now 22 million and the difference in housing is a little much for me. It's a good opportunity for me tho. At 62 yrs.old I will never have a opp.likr this one.i don't think I could deal with the heat nowadays.

[@FinesserTae]

@@dennyfie I am in winter haven fl, about 30 minutes from lake wales. The jobs here pay 16-18$ an hour. The cost of living is very very high in central Fl. I make 17.50$ and have to live in my mother’s garage with an ac unit… and it’s been a hot summer. I wish you luck with your endeavor but I must warn you that it’ll be hard to make it out here alone unless you’re making 60k a year after tax. If you want to buy a home aim for 70-80k a year. Shalom ❤️‍🔥

[@wpnmstrmk4484]

I live in commiefornia and used to like it here, but not anymore, but Florida?, No Thanks.

[@kurt2022]

The beginning of the end started 50 or so years ago when we started outsourcing American jobs and expanding social programs. I still remember the fit my dad threw when we went off the gold standard in 1971. I can't believe we haven't become a banana republic yet, 'oh, wait a minute'.

[@rodneysnextchapter615]

Thank God for Ronald Reagan showing us how to run up credit after Nixon announced the gold standard was over. Run up them cards ! The government does.

[@FeastofTabernacles-iz1gi]

AND AFTER NIXON MADE HIS MOVE IN 1971 WE HAD THE CIRCUS CALLED WATERGATE TO KEEP EVERYONE OFF THE GOLD STANDARD DROP... AS WATER GATE WENT ON GEORGE BUSH SENIOR ONVOY FOR THE UN WAS IN CHINA AND RUSSIA AND THE MIDDLE EAST GETTING EVERYONE TO USE THE DOLLAR AND THEN SENT ALL STEEL AND OTHER CORPS TO THEM SO THEY COULD BECOME WEALTHIER TO BUY AMERICAN BONDSTO SUPPORT THE DOLLAR BUT THE PEOPLE THINK WE LOST OUR CORPS TO THEM BUT REALLY THE INTENTIONAL MOVES WERE THE GAME AND NIXON DURING WATER GATE WENT TO CHINA AND RUSSIA AND THE MIDDLE EAST TO SIGN OFF ON SENDING AMERICAN CORPS TO THEM... SMOKE SCREENS.. JUST LIKE BIDEN AND THE DEMS FORCING HIM OUT... DOESNT MATTER WHO IS IN THE GAME GOES ON... WHEN THE FRONT PAGE HAS NEWS.. GO TO THE BACK PAGE TO SEE WHATS REALLY GOING ON... THEN IN 1975 GEORGE BUSH SENIOR BECOMES HEAD OF THE CIA AND RUNS FOR PRESIDENT AS STILL HEAD OF IT AND THEN GETS IN BY REGAN... THEN IRAN CONTRA AND ALL THE CIA GAMES WERE FREE RUNNING WITH HIM THERE... CIA IN THE WHITE HOUSE.. I WAS A KID IN 1971 DELIVERING PAPERS AND KNEW THIS STUFF..MY DAD KNEW AND SHOWED HIS KIDS... HE WAS A PREPPPER AND I AM READY OFF GRID ANYTIME..

[@skywalker72465]

Your Dad=100% correct!!

[@dirkfrazier9779]

Yes, we are already a banana republic!

[@chuqing99]

The key weakness of Harry's argument is that he didn't factor in the US dollar losing the purchasing power. Because of that, the real estate will not go down by 50%.

[@The.Bible.Community.]

100% all nations will keep printing

[@GenXAlpha]

True - the debasement of the dollar has inflated all asset prices. According to Raoul Pal, if you divide NASDAQ, housing prices, etc by the Fed's balance sheet, prices are flat ever since 2008. Only the Magnificent 7 and crypto (and India, due to demographics) are up in real terms.

[@thisisyourcaptainspeaking2259]

Dirtiest shirt in the laundry pile?

[@martinclark6952]

Wages will need to go up dramatically

[@RoadTripTravel]

I agree, this is exactly the point I just made. In addition, we have about an 8 million home deficit in the country. AND, the Gov has let some 8-10 million illegals into the country, where are they going to live? I don't see housing prices going down at all! If all things were equal, I would say for sure, there should be a crash, but I don't see it happening, mainly to your point about inflation/buying power.

[@douglass.9218]

In my area, we are being told that the run-up in real estate prices is being caused by a "lack of inventory". How do prices collapse when inventory of available homes is so low ?

[@HarryPotterFan1307]

Inventory in my area is higher than in 2013, but prices are still up 30%… Make it make sense.

[@FastSloW-qt8xf]

If your just a homeowner. Not an investor. Don't listen to this.. it don't matter if your home value drops 50%. Unless you plan on moving, nothing effects you. If your an investor, you should be excited to buy during this time.. buy low sell high... I look forward to buying at least 1 property if this crash happens... with cash of course

[@Francisco-po1cf]

It’s a good time to buy a second home if rates drop. Rent your first house that has a low mortgage rate and payment.

[@knight2000-NC]

affects*

[@BlazingShackles]

I bought in 2018, refied in 2020 at 2 7/8 got my mortgage down to $1120. I cruising now because a 2br apartment now goes for $2k. Saving up a down payment for another property and hoping we do have a pullback in prices to go with lower interest rates.

[@saucemasterx911]

You’re a part of the problem

[@karenjensen2345]

Same

[@delubiod1970]

I just sold my two apartments in Jacksonville FL and my house in Middleburgh FL.... Right now I am living in a two bedroom apartment rented out for 4 years.... Saving my money like a maniac....Waiting for the crash like I did back in 2013 when I bought my house and my two apartments.... Bougth them CHEAP sold them 120x the price I paid.... Cash it out and waiting.... Wish me luck guys.....

[@darshanpatel9006]

@@delubiod1970 seems intelligent american, best of luck 👍

[@traceym1778]

The US dollar will be worthless. Put your savings into gold and silver and other precious metals like copper. When the market crashes, those are going to skyrocket. You can thank me later...

[@Lswisdom77]

Good move

[@chadwolf5596]

Good job brother

[@UrsaBella]

While you are saving your money it keeps losing its purchasing power

[@user-ErniePrado]

Harry Dent is the greatest. He’s just straight up and straight at you no nonsense. Thank you for having him on.

[@jbmcdonald5646]

Absolutely true, I have followed Harry S. Dent Jr. for decades, doing local data analysis with the local demographics and making decisions based on this data.

[@Chris-by1su]

Back in March of 2016, Harry Dent predicted an imminent collapse of the Dow, worse than 1929 when stockbrokers were taking swan dives out of Wall Street buildings. He also foresaw a perceived Florida real estate bubble collapse, so he and his wife sold their Tampa home and moved to a picturesque "old" San Juan neighborhood in Puerto Rico. Since that time, the Dow has risen from a level of around 17,500 to 38,787 and Tampa Bay has become one of the most desirable housing markets in the nation, with home prices in select zip codes increasing up to 128% since 2015.

[@michaelalpine4198]

It's amazing how wrong he has been over the years. Eventually he'll be right, but I think he exaggerates with his predictions.

[@pelagic6]

This

[@ThatGuy1of1]

Florida is upside down rn and Tampa isn't much to your description. I've looked into buying, and have family there.

[@rasputanrasputan1380]

So true ..he full of hot air….

[@Wolfstalker21]

@@Chris-by1su no1 was predicting covid what came after. Kinda a lame example as to why he could be wrong here too.

[@shirleysanchez1866]

I have never heard of a bank renegotiating a set mortgage. Banks don't care, either you pay it or loose it.

[@tw7231]

They did renegotiate a lot of loans in 2007-2010 where I am. all my coworkers were short selling or foreclosing if they refused

[@keithRR2023]

I shook my head on that comment as well, like when has that ever happened? In the 2008-2009 era , maybe refinance but negotiate with bank to lower payments other that?? What did I miss 😂

[@saspalace8881]

It's called refinancing

[@grish702]

@@keithRR2023short selling but it effects ur credit score

[@garyjohn2802]

@@shirleysanchez1866 happens every day in a bankruptcy, it's called a cram down. It became so prevalent that banks adopted it to avoid being dragged into a bankruptcy.

[@LiveOnTheChat]

Today, Americans can't afford rent much less buy. The crash is coming by the end of the year. It won't take much longer.

[@myaccount9498]

Same in Australia 🇦🇺

[@dhammadina8654]

If I had a penny for every time I heard time, I’d be able to buy house!

[@glory5918]

Joni Patry, Vedic Astrologer on here is forecasting this DEC based on the charts. She is also forecasting based on charts from 15Jul on watch out Earth changes - EQ's Volcanoes, especially West Coast. Joni accurately forecasted Fukushima and was able to notify her Japanese viewers / customers ahead of time.

[@BubbleLandia]

@@glory5918 Thanks for this information. This aligns with my personal "feeling", that nothing "moves" until after votes for the President are cast in November. Then the "veil" drops and reality sets in and for some it's a very rapid and dramatic shift in how they have to begin living their lives. (I've been getting this "message" for quite some time, check out my username ;p )

[@12131bear]

I heard of this three years ago.

[@Marquez919]

I got out of the real estate investing market about a year ago. I think its time to get into the stock market for a while. whats the best strategy to invest around 200K in this current market crash

[@ScottStraw]

Knowledgeable Investors know where and how to put money during a crisis in order to reduce risk and maximize returns. See a market strategist with experience if you are unable to manage these market conditions.

[@Tipping-Point88]

This is why I entrusted a fiduciary with my investmnt decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $850k. My personal best so far

[@Tnks4cmin]

I'm worried about my retirement portfolio and could use some guidance. How can I get in touch with your advisor?

[@Tipping-Point88]

*Marissa Lynn Babula* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@Tnks4cmin]

I curiously searched her names and I found some pretty interesting information. Thanks for this

[@maciejbromberek131]

Already sold in London UK. Moving to a Mortgage free house in Poland.

[@Lswisdom77]

Congratulations

[@murdermostdownunder3562]

You're smart, with everything going on in England right now, I'd be moving to Poland too...

[@AJourneyOfYourSoul]

Americans just move to another state, but stay in their country, Europeans move to completely different countries. Leaving your home country is a pretty drastic move. As an American, I always find it so strange that people from outside of the USA watch and comment on yt vids about the USA. Why are people outside the USA so interested in what happens in the USA?

[@sandrajohnson2832]

I am American 🇺🇸 but spent 5 years as a young child in England 🏴󠁧󠁢󠁥󠁮󠁧󠁿 since my Dad was stationed there with the USAF .I am still interested in English and European things .People of other countries do have friends,family members ,business and investments in other countries..

[@DBEdwards]

WHAT MAKES ME AN EXTRAORDINARY AMERICAN? I OWE NO ONE ANYTHING. I OWN A SUV AND HOUSE DEBT FREE. I LIVE WITHIN MY MEANS COMFORTABLY. GOT NO YACHT. NO MANSION. NO COUNTRY CLUB. I AM 68. I GOT YOU GUYS BEAT

[@rememberDay1]

@@DBEdwards thats awesome. I hope im like you when im 68. Im debt free but dont own a house. Trying to save but have to live very frugally and patiently when rent alone is 50% my income

[@JayBeezy93]

Winning 😎

[@empurpledsoul]

It's not a game with an equal playing field. Not about beating others...I am glad you were fortunate enough to have success and reward for all your hard work and practicality. Others can work just as hard and be just as practical but not have the same path to where you are standing. Any number of life events can impact the end result of the long game if life.

[@lillieholmes6167]

I am working towards that. I retired at 59 in 2020. Owe 100000. I never refinance. Own three homes. I feel blessed.

[@andresap]

This is the way!!!

[@ericmcabee5823]

"End The Fed"

[@obxarms7685]

Doing that would bring unbelievable prosperity to small business and the average man. They can't let that happen.

[@adrainiamingo]

❤❤❤❤❤❤❤

[@pwammann1]

And end the IRS!!!!!! Go fairtax!!!!

[@saimpalass]

N.E.S.A.R.A. is coming

[@Rj-nh1df]

With no taxes and capital gains to pay, I think people wouldn't mind losing 50% equity of they didn't have taxes every again

[@calvinhosworld]

This won't be what you think it is. Only 3 companies own 19k homes in the Atlanta metro. That means corporate investors will simply buy even more of the houses. Turn everyone into renters. Those same companies own all the rental properties so they will raise rents. More working homeless living in their cars.

[@seabreezeA1A]

One thing I don’t agree with is that the banks will refinance. They will foreclose. The banks are in the real estate business.

[@1bluejacket1]

The Great Taking

[@billthemitchell]

@@seabreezeA1A - They make money on loan servicing. They lose money on foreclosures.

[@starrystarrynight6281]

No doubt. Houses will be bought up by mega corporate real estate companies.

[@glory5918]

@@1bluejacket1 - EXACTLY !!! EVERYONE MUST WATCH: "THE GREAT TAKING' !!!

[@craigbeats1498]

Exactly. I’ll add the part where they said now is the easiest time to buy a house🤣😂🤣 What country are they living in?

[@cherylmcwilliams7238]

I got a great deal in 2018 for a house in SWFL on a waterway with a Golf Coarse across the street and no HOA fees. Got it at 123k did some upgrades and is now 325k in my area. However, if I sold it, I can't find another property in FL with the same surrounding for that money. I'm staying in place. Even with a market crash, I'm still ahead on the value. (3br/2ba 1800sqft) Taxes and Insurance have increased but after the crash, they will go back down with the adjustment of decreased home value. Just waiting it out to see where I land.

[@ediruzza]

its all relative...if your home price goes down...so do the others....

[@ChoiceConcepts-c5z]

@@cherylmcwilliams7238 Refi and buy commercial

[@mrsperdomo77]

Smart. It’s better to rent it out, get a loan for down of second property. Rent will pay current mortgage and new loan, and you will end up with 2 properties. You do this a few times and end up in a good position

[@OnlyTruthLove]

One lesson I learned from the past, is that whatever the majority of economists are saying, is probably wrong, otherwise we wouldn't have economic crashes. Everyone seems to think there won't be a housing crash. This is a sign to me that there probably will be one.

[@ShiftLifeMan]

@@OnlyTruthLove Him thinking the mortgage company will negotiate terms with you holding funds from selling is mind blowing.

[@Seekyourtruth777]

@@ShiftLifeMan I thought the same thing I went through the 08 crash and tried to short sell or get a loan modification in 2010-11 they had us jumping through hoops and didn’t do crap for us and we totally qualified more than most people. It was a boondoggle and I never wanna go through it again. I think they are happy to foreclose on everyone and black rock swoop them all up just like Klaus Schwab from the WEF you will own nothing and be happy. This is all by design. They don’t want us owning anything.

[@sarahowens2494]

I hear so many people say that once rates go down again then values will go up more and there will be a buying frenzy. 😂

[@mk2mister2]

@@sarahowens2494 There will be. But that will be partially suppressed by an increase in supply (homes for sale) because people who were locked in at a low rate and wanted to sell in a high interest rate environment were stuck because they would be going into a much higher mortgage payment.

[@Francisco-po1cf]

@@sarahowens2494that’s because it’s true. Most of the people on the sidelines will rush in to buy because they don’t want to miss the opportunity again. In 2020 (when most of these crash videos started showing up) you could get something decent for $1500 per month. People who listened to people like Micheal Bordinaro are having a hard time finding a 700sf apartment for 1500 unless it’s in the hood. That’s going to drive up prices.

[@wty1313]

The problem is that too many people buy houses to MAKE MONEY, whereas past generations bought houses to LIVE IN.

[@jhaychylla]

I'm waiting; the prices have been ridiculously high for years.

[@dirkfrazier9779]

They are going to crash, then take your money and buy when everyone is gloom and doom!

[@radedemenes]

One thing is sure something has to give because the prices are extremely high, especially here in north east.

[@asullivan4047]

Don't expect those prices to reduce any time soon-!!!😳.

[@myaccount9498]

Same massive bubble in Australia 🇦🇺

[@dennyfie]

That's nuts up there in the N/E

[@keithkey504]

The Northeast didn't even come down much during '08. There's almost no new construction there to drive prices down.

[@chrislastnam6822]

Four years rent on a modest place in Los Angeles is $300,000 while waiting for prices to go down.

[@tnt8106]

This was very informative! Thank you.

[@johnnycastaneda2371]

I agree with Harry’s thesis because it just makes sense. You cannot change the nation’s currency supply by a 1000% and not expect ramifications. There is a huge lag effect with such a big economy like ours. The only issue with Harry’s prediction, is he is forgetting that the US government will just keep kicking the can down the road for years by creating more government jobs, subsidies, and MBS and keep the party going for years

[@jonathantaylor6926]

I think what you are missing is the "party" was funded by FED QE... The FED has no direct control over the bond markets.. they don't get to dictate what the yield on the 10 year is... the only way to lower that yield and "party" is through QE were the FED prints and buys the debt. There is no other way. So the FED can drive down bond yields no problem but the unavoidable consequences of that is inflation.

[@johnuppole]

Exactly... There's a disgusting multitude of tools AND a disgusting multitude of willing politicians who will use them to keep printing liquidity out if thin air to sustain the illusion. They're boiling the people alive, mostly slowly enough to keep the anger down

[@henli-rw5dw]

@@jonathantaylor6926 Fed has to QE again. The debt is so big the only way to pay for it is for the fed to buy debt. And that's what's going to happen. They'll drop rates and QE.

[@henli-rw5dw]

@@jonathantaylor6926 Fed can drop interest by lowering their over night lending interest to the bank. They can lend at 0% to JPM tomorrow and interest will drop by a couple % overnight. The issue is, the banks are holding a ton of treasuries themselves, so FED has to QE to hold more. Altnernative they can just drop capital requirements for banks and let them hold infinite amounts. They can remove risk from capital market altogether by guaranteeing to shoulder all losses. There are a ton of games they can play to keeps thing going up forever.

[@stevenshorten6184]

Not years, DECADES.

[@seanabreu6258]

I dont see it happening. Mass immigration, low supply, huge building costs, low interest rates, more printing. I don't see how it can correct that much. There's just too much money out there

[@Theman-ul5nw]

@@seanabreu6258 right . They are trying to manipulate us

[@daviddrew3372]

I agree based on all those reasons you listed. My guess is the commentary is factoring in office buildings and city residents. The local regulations that require residential remodeling and the bureaucracy of large cities makes converting large buildings into residential very difficult. So I’d guess it will be cities that will really be affected. Homelessness will be huge and make the areas very unappealing for those who can afford housing. The US will see a two layer housing market. Rural small towns will become very valuable while the cities rot. The banks will be eating a lot of this. Real estate investors will still eat this one except for the small holders. They will do okay.

[@galadrielwoods2332]

But the money doesn’t have the purchasing power it used to have just 5 years ago.

[@kaiohenriquee]

There’s money as there’s inflation and debt. I need some strategy😭 everything is so crazy it’s hard to know what to do with the little money I have.

[@uploadtime1780]

​@@galadrielwoods2332correct.. which means it takes more (costs more) dollars to buy something you used to buy for less. So prices go up. Inflation

[@GenshinTravel-mf4dx]

Selling a house is very costly unless you are moving somewhere cheap. Say you are at 3% for a $500K mortgage, and need to start a new mortgage at 6%, until the rate comes down, the same payment can only get you a loan for $349K. That's including commissions and taxes which could add up to approx. 10% of your current house value. Say, you house is $1M, the 10% expense turn that to $900K, then less that $500,000 you own the back, you receive $400K back. If you are to purchase a new home at 6% and keep the payment the same, the house you can afford would be $400K+$349K=$749K.

[@WTHenry2023]

Not to mention the 6% realtor commission

[@darnellkramer-fitnessfound4064]

Nobody needs to sell their house... Why would they at 50% of value? Only if they had a mortgage they could not afford.

[@justinthemoment111]

One key thing that I believe was intentionally left out was that absolutely no one should sell their home if their interest rates is below/sun 4%. If your interest rate is above 5.5 and you have equity go for it. Do not sell otherwise. If the property can rent and pay the mortgage then you are gold to ensure you won’t be on the other end of America becoming a renter’s nation. Listen to Neal Bawa….. this is just hysteria.

[@colefranklin6779]

Facts!!

[@karlakay]

​@@justinthemoment111 OK What about Selling if NO mortgage to then buy / build another house w NO mortgage? Is much of his advice based on mortgage rates? (We don't want to rent out our no- mortgage house, due to taxes, Ins., & maintenance - and tenants!!

[@RichHayes-c7e]

You are my favorite show. I agree with you so closely it’s scary. Harry is spot on. It’s hard to be exact with that printing press going all day and night. But once it stops you both will be spot on with all your calls.

[@shannondavis5728]

Manufactured homes are being priced like regular homes in many markets in Florida!!😳😳😳😳😳😳😳😳😳

[@aquiconfeya]

Yes, mine is on sale in California just now and people are offering more than the price asking, like hot potato. 😊

[@yepdontcarebud]

NJ here.. same.

[@sherryland9327]

Same here in Tennessee

[@IanFreely]

@@aquiconfeya same in straya.

[@J_WheelerDoll30]

Same here in Ga.

[@tw8725]

一開始聽這位經濟學家說話覺得他好激動😅，但是越聽越發現他說的有道理。我學到很多事情，包括房市反轉時應該先把已經付清房貸的房子賣掉，保留上有貸款的房子以便跟銀行談更好的貸款條件。剛才subscribe Dent先生YT 頻道了，謝謝分享！

[@deloresdilday3978]

IM NOT SELLING MY REAL ESTATE RENTALS...IM FREE OF DEBT..PEOPLE WILL ALWAYS NEED A HOME TO RENT !

[@mremerald8586]

Good

[@OsValencia]

Same here . Latinos and black will always be my tenants. They have the right to sent safely and don’t need to own.

[@MarketingStrategies28]

No they wont. They will be able to afford their own house. Rent collapses to near nothing

[@andyleo8418]

Your value will drop. Might be good to borrow money against it. You will get a bigger loan value.

[@jerseyhomepro]

Rentals are being built in the thousands every month. When people have cheaper options they will leave your rentals and force you to lower your price.

[@johnnybgood3909]

The value of your house makes no difference unless selling it. I dont care if they go to zero.

[@danielturner9832]

If you plan to stay there so what. Right? We do hope tax rates follow through.

[@sarahowens2494]

Wonder what the crime and unemployment rate would be like in a town where home values are “zero”?

[@smobach]

Only true when the house is really yours. Have a mortgage? The bank will come to you if 'under water' .... pay now. Can't? Goodbye.

[@andresosa8842]

Meaning that you bought when prices were lower. The issue is for the people that bought in the last two years

[@sarahowens2494]

If home values go down that much then you’d really have no choice but to stay unless you have additional homes, can afford to rent elsewhere, etc. Most of your money would be tied up in your “zero value” home with no buyers meanwhile you pay for taxes, insurance, upkeep and your mortgage if you have one.

[@lydiaguimaraes7009]

I bough in Miami at the top of the buble in 2006 e lost , I walked away and lost my 20 per cent down payment ! Soon after I bought a foreclosure that went down 50 per cent ! I was on both sides . So , people are delusional now , just like I was 😥

[@capitalismftw]

if you just paid your monthly and held your property you would be asset rich

[@Mgb-uo8mq]

But you would have been way ahead if you waited

[@justing6594]

If they do drop. Private equity is gonna buy them up. Before they go to auction or for sale.

[@jeffdiefenderfer4677]

The experts have been saying the crash is coming for years still nothing houses are still way way over vauled

[@galadrielwoods2332]

Because the government keeps printing money and injecting it into the economies. They can’t keep doing it.

[@lydiaguimaraes7009]

In Florida is impossible to pay for the insurance , HOA almost double, property taxes ! Even bying cash is too much your monthly bill!

[@heidi1897]

Exactly. I'm in Florida since 87 and don't think I'm going to buy another house. Even if I pay cash the monthly bills for HOA taxes and insurance would be over 1500 a month without utilities. That's NOT freedom. That's entrapment

[@elw6150]

Not just Florida pardner, it's all over the US of A now!!!!!

[@elw6150]

​@@heidi1897Agree!!!! Robber barrons of USA!!!

[@chiangyen-v8l]

I am still waiting Harry Dent's forecast that gold will drop below $400 way back 2015. Still waiting. and waiting

[@galadrielwoods2332]

No one gets everything right bc no one knows what the idiot government will do or not do. I’m gonna guess that his prediction was made in a certain context.

[@TipsyMcStagger]

Costs to build and low inventory will keep house prices high. He doesn’t mention either of these crucial variable.

[@karlakay]

Cost to build going UP with tarrifs coming after January 20, 2025

[@mantralife6620]

Florida heat and humidity is absolutely oppressive. I could not live there in summer

[@notgunnadoit7461]

I was deployed to Cuba for a year and spent 7 years in Iraq. When I stepped of the back of the C17 the heat and humidity took my breath away in Guantanamo by the equator. I just got off of a mountain top in Kosovo and I didnt think Inwoyld survive down there.

[@almoreno3299]

And getting worse by the year.

[@frv6610]

That means people will flee the heat of Florida and the prices will fall? ​@@almoreno3299

[@bpb5541]

It's a red state. I wouldn't live there even if the weather was perfect 365 days a year !!

[@dct1238]

Glad you won't be coming 🙌​@@bpb5541

[@sarahowens2494]

We are already seeing huge cracks in the housing market in Florida, Texas and even Arizona. Lots of inventory, price cuts and super picky buyers. We’ve never seen this many people in forbearance either due to Covid. I know people that haven’t made their payment in over a year and still own their house. There are millions of investor homes. Once unemployment rises then things will get really bad.

[@dan-qe1tb]

There aren't "huge cracks in the housing market in Texas". I live there. Housing inventory is lower now than it was this time of year, in '17, 18 and '19 in my metropolitan area.

[@sarahowens2494]

@@dan-qe1tb - Austin, TX has seen at least a 20% drop in prices this year alone.

[@vickiehat1074]

💯 % agree

[@galadrielwoods2332]

@@dan-qe1tb TX is a huge state. It depends on where in TX SarahOwens is speaking about. Same with FL and AZ.

[@ezpe3865]

Homes are sitting on the market and sellers are forced to cut prices.

[@MyBabybabz]

I bought in 5br/3.5ba, 2740 sqft home in 2011, $174500 at 4.75 fixed rate. I got rid of my PMI in 7 months. That dropped my house payment by about $450. Then did a modification in 2020 during the pandemic. It dropped my payment about $250. My new rate is 2.86%. My home insurance went up. The taxes went up. They appraised my home for $400,109. I was pissed. But whatever. I’m a single parent of three kids I needed that break to cover other expenses. I keep my parents up. My family is more stable than ever white out additional assistance.

[@pqtpat7734]

I love this guest. Excellent point about “democracy & capitalism being brothers “. The government is the problem

[@Itsaboutthewaterlife]

Good take.

[@bbbeck6573]

Dent is correct. Yes, he has been saying this for a few years. He was just early. It's happening now!

[@atombomb31458]

bet you are glad you never listened to Dent before..because now you know exactly when he will be right;) Dent isnt correct about anything yet.he has been wrong for decades.

[@galadrielwoods2332]

@@atombomb31458 He said himself we can’t know exactly when bc we don’t KNOW what the government will do or not do. What we do know is the government cannot continue to print money causing a bubble to grow ever larger and it not reach its max capacity, then burst. Bubble burst is inevitable. No one knows the exact date. They crash the markets ONLY when there is a Republican president and in Libra season. This includes the cusp days at the beginning and the end of Libra. So 19 September through 25 October. Look at every date of every crash ever and look who was president. Move your investments accordingly.

[@AJourneyOfYourSoul]

Ah, the old he was just early cope, lol.

[@FARBOLUOS]

Housing has been expensive ever since I came to California 45 years ago. These people just want to sell books and have audience. They always say it’s expensive and prices are going to crash. The thing is housing just gets more expensive with government mandates and government spending. A huge recession has to occur and then the Federal Reserve will lower rates to basically zero percent and the pent up demand will raise prices again. I bought just back in 2002 close to the beach in Southern California and yes, prices have gone up 4 times but somehow homes are snatched whenever they come into the market.

[@tobyk5149]

then go ahead and buy more homes in Cali and you will crush it

[@onicronprime118]

Banks are buying them

[@shaybapple]

The people buying single family homes here already have a lot of equity in an existing home and can afford to roll over hundreds of thousands into a new home. My wife and I are lucky we bought a three bedroom house in San Diego in 2020 at 2.8 percent interest considering it was our first home. I'm not so sure we could afford to buy our house today at its current value at 6.8 percent interest.

[@elw6150]

Glad you can buy a house 4x's what it sold for before, most of us sure as hell can not!!!

[@JuicedMoose]

Its so expensive to build more homes. I dont see prices dropping much. Rates go down it will open supply some but not much. Millions have 2% rate so they will never sell. I don't see it.

[@MrRhinosilver]

Exactly this idiot KZbinr should be sued he’s cost so many people millions. 3 years wrong and cannot admit he was wrong. If rates increasing 535% in 2 years didn’t cause a crash. Low rates will these guys are grasping at straws.

[@seriouslyyoujest1771]

Recessions are good. We bought our first house in San Diego for $46,000, in 1982. It was a combination of a person that didn’t want the house and only got it when a loan repayments they made was stopped. The second house was in 1993, on the coast of Oregon. The person had rented it out, stooped paying. They had moved, and decided that they didn’t want to be a landlord. Timing, timing, timing.

[@galadrielwoods2332]

Paying interest is literally throwing money away. No matter how low the interest rate is, pay the debt off. Most people pay for their house TWICE bc of interest.

[@SolomonTheStoryTeller]

2.5 times

[@dirkfrazier9779]

One of the few; paying rent is flushing your money down the toilet; Let us all stand around and salute as the money goes down every month! Give me another one bartender!

[@dakuots]

You SHOULD NOT pay off a 3% interest debt in this environment, when the money makes you 5% interest in a savings account, put the money in said account and make a profit its simple math. that 3% mortgage is an asset right now.

[@raymondpuder6269]

I bought my first house out of college in Feb 1982 43000 cha mortgage at 16 .5% omg 668/no I made 25500 my wife made about 15000 Seller paid 6pts for my mortgage Within 2 yrs I was able to buy my 2nd bigger house for 86000 on a adjustable rate mortgage at 9 7/8% I sold my first house by letting an older couple assume the the mortgage Housing at the peak interest years was much easier to afford than today in 2024

[@3mexhuas]

We were in a pretty bad recession in 1982. High unemployment and very high interest rates for a mortgage. Not a good time for many.

[@WTHenry2023]

Yes, my parents bought a house in 1980 for $150,000 with a 17% mortgage that is now valued at $1.3 million. People buy based on monthly payments and not interest rates. As interest rates have dropped from 17% to 3.5 percent , the cost of housing has gone up dramatically because people are buying as much house as they can with their monthly payment thus bidding up the price of housing.

[@KellyScaglione-c3e]

Thank u 😊

[@dbanks8995]

Median home price is $670,000 in Sacramento CA. . I’m priced TF out currently .. While only the mandated Industry compensated as fast food workers. $18 for number #1

[@jessicafunk5978]

@@dbanks8995 most towns in Connecticut especially the safe and good ones, you can’t find a house under $700,000 and this will buy you a house small where you have to spend at least another $100,000 to make it livable. On top of that $15,000 to $20,000 tax yearly. The towns offer you $50,000 down payment assistance for a house up to $350,000 like they don’t know you barely can buy a land or not even in those towns. Either it will hit rock bottom or this market is the way it is to convince people for 15 minute cities.

[@KhoaLe-hl9ut]

@@dbanks8995 we bought our 1st single home in Sacramento near Pocket Area for $270k in 2020. This year 2 homes in my block listed & sold for $450k. Lucky that we jump in right on time !

[@user-Witchery101]

Houses and rents still up 3x the price since 2020 here in Richmond VA. And this place is a real shit hole.

[@frankstetka7206]

Yes it is 🤣

[@galadrielwoods2332]

Why is it a shIthole?

[@askquestions4634]

How does this make sense when we have giant investment companies buying up the real estate higher than they’re worth? So are the biggest companies in the world making bad investments? It doesn’t add up.

[@whatzurexcuse3035]

Really? Remember in 08 the largest banks screwed up because of greed you don't think a company is about greed??

[@flapflapflap]

@@whatzurexcuse3035your explanation is not an explanation, it’s an opinion. Real estate is not crashing until the supply exceeds demand

[@rhondak4940]

Dent advises wealthy clients; does he want boomers selling to those greedy clients?... who in turn Gobble up over priced real-estate..making home 🏡 ownership nearly impossible for the middle class? Wealthy investors can then rent out those same homes, for exuberant rental prices . " You will own nothing, and you will be happy" 👿🤑🤨

[@Technotranceism]

Most of those investors aren't spending their own money, so any losses are on investors, and they can file bankruptcy, or ask for a bailout. These are the largest firms, so keep your eyes open for it.

[@country_roadsWV]

That's exactly it. Corps grabbing these houses like mad. Deep pockets with cash on hand. Regular folk don't. This is a smokescreen. A home can go up and down in value. But it's a real tangible asset. Those who have portfolios have invisible money - until - they hold that cash in their hands. Invisible money is numbers on paper and it equates to control. Those who own the portfolios and the houses and lands - owns the country and the people. So - follow your intution. The dollar value is decreasing because of debt. When dollar collapses - so will Wall Street. They kmow this. Why do you think their expert advice is to sell? So they land and home grab. They know in a depression - people will pay to keep a roof. And when we sell those roofs to them - it is we who are their mercy. When we hold the keys - they cannot control us.

[@JenG33379]

This was a great interview! I was on the edge of my seat the whole time!

[@judahbrutus]

They've been saying this for 3 years

[@ladycactus110]

Be patient 😂

[@endlesssummer162]

And? These shifts are evolutionary at the outset but the economic fundamentals have never been worse.

[@foilrider2000]

​@@atgratgr4162it's been on the cards for 40 years, can kicking is a national sport.

[@Contractedharry]

@@judahbrutus as long as the interests are high it will happen

[@gioiapharo7433]

usually ……… a housing bubble lasts a few years or so ……. Then the down turn goes slowly downward …….. its never $500K today - 250K tomorrow …….. when houses go on the market and people are buying for less than the asking price - prices go down month after month …….thats the down turn

[@KO-kf3if]

So they’ll go back to what should be Normal ?

[@SachsRealty]

Exactly

[@La12527]

My sentiment also.

[@glory5918]

Never, all orchestrated ! ~ "You will Own NOTHING, and be Happy" !!!

[@tobyk5149]

@@glory5918stupid mantra

[@instaminox]

@@KO-kf3if What is normal? everything is skewed...

[@mariocondello2353]

In Australia, I think we're looking at similar drops. Everyone here is obsessed with property, and they all seem to think it's a one-way bet!

[@Singlesix6]

Even if you paid far too much for a house you can still live in it if you didn't go absolutely nuts on the monthly payment due to wishful thinking about your income prospects.

[@Jewel1032]

Fantastic for those of us who are renting. Let’s go. I’m freaking ready. 34-year-old single woman who has never owned a Home and can’t because of the bullshit going on. I’m also a realtor and a small business owner. I’m getting choked.

[@john-robert1961]

It always ends well! For the wealthy “bottom feeder” investors!

[@jefferyedwards5003]

It was not the poor jumping out of office buildings during the depression.

[@danielturner9832]

​​@@jefferyedwards5003 that story isn't exactly as told. You do still hear of all those old family names don't you? They are far richer than they were then. The poor have a far higher suicide rate than the rich.

[@catman5546]

But, this may end in WAR!!!

[@skywalker72465]

@@catman5546 When the economy crashes they take us to war!!

[@mattl1758]

My wife and I are considering a vacation home. The last year I have been telling her we need to wait to purchase to take advantage of the crash that’s coming. Thank you for the verification. Subscribed

[@brianthomas2948]

@mattl1758 keep waiting.they have been saying this for many years keep saving you never know

[@mattl1758]

@@brianthomas2948 exactly! The more we save up the less interest rates matter too.

[@galadrielwoods2332]

@@brianthomas2948 Dent explained why the crash hasn’t come. The government keeps propping up the inevitable. The bigger the bubble the bigger the crash.

[@jondavis2206]

Just imagine if you could really predict the price of ANYTHING, however that is not possible and no one has a clue what will happen.

[@addiewilliams4644]

It’s all about supply & demand (.)

[@JamesBond-vg6wz]

We come from dust and will return to dust..Everything else is just noise

[@ladycactus110]

But in the meantime, have fun and be kind 😊

[@seabreezeA1A]

Waxing philosophical 🧐

[@tobyk5149]

and?

[@RobertBoston-n4d]

Boring take, Kansas...

[@higuysrealtalkwithtracy4543]

❤❤❤❤❤❤

[@Larrye123]

There's a reason Harry doesn't allow comments on his channel.

[@paroffice]

Yeah he didn't address supply and demand. The demand is there just not at 7% int rates. If it goes to 6.5 then you'll see a wave of buyers again and prices will increase....again. we don't have the supply and builders aren't building. I don't see this pricing crash. Maybe transaction crash yes. He's basing his arguments on what goes up must come down. Not always true

[@crhodes8377]

​@paroffice Yeah right. The housing market will crash only a matter of time. People are going to buy again cause a half a point? You're delusional.

[@paroffice]

Do you want to make that bet? Look at units of supply. There is under half what we had in 2019. Builders aren't building, demand is waning now, picked up some this week, but I'm telling you low supply means no crash in the next 2 to 3 years. Don't look at Japan and the stock market this week and think this is it. It isn't.

[@tt-designs124]

When I was married we bought our house in 2008. It took until 2015 to just break even again. Not including all the repairs we had done to it in that time. I felt we were lucky to ever even break even by that point.

[@Singlesix6]

I'm over 70 and all of the real estate advice I've ever encountered said not to buy a house if you weren't going to stay in it at least 5 years because it would take that long to break even. You did well considering the market when you bought.

[@wellman867]

My husband and I did the same, we stayed in our house because the mortgage was still less than rent, and 20 years later it turned out ok

[@CMA1967]

I was married and purchased in 2008 as well. I bought a bank foreclosure on new construction (never lived in) for 135k and refinanced at 2.75%. I have 425,000 in equity based on recent sales in my subdivision. I’m confused as to why you wouldn’t have enjoyed a similar increase in value buying well into the great recession to 2015.

[@tt-designs124]

@@CMA1967 thanks for the response. We lost 100k in what seems like overnight in 2008, slowly got back up to break even in 2015. We then had positive gains until 2020, and then after 12 years in the house we got divorced.

[@CMA1967]

@@tt-designs124 geez, I’m sorry to hear that. Wishing you all all the best in your future endeavors for sure.

[@jbmcdonald5646]

Thank you for having Harry Dent on.

[@danielguide2457]

Around $250,000 was made when I sold my flat in Rochester. That's why I was upset when my standard savings account yielded only $171 in interest. It was suggested to me to buy stocks after I conducted some study. Which stocks would be a good place to start?

[@SabrinaaDolph-y4y]

Although the stock market is exciting and can yield a healthy return on investment, professional advice is necessary for efficient portfolio management to prevent market burnout due to its extreme volatility.

[@PhilipsJameszang]

I anticipated receiving $2,500 in interest on my initial $50,000 when I created a high-yield savings account online with 5.12863% interest compounded everyday. Rather, I was only given $420. I asked, and was informed that the website did not make it obvious that the interest is computed daily. With the help of an expert, my partner suggested that I switch to stocks, and in just six months, I experienced almost 80% capital increase (discounting dividends). Extremely advisable!

[@BINDERANDREAULRIKE]

How do I meet this advisor, please? I need assistance investing my divorce settlement because it's now sitting in the bank earning little interest.

[@PhilipsJameszang]

My licensed adviser of choice is Melissa Jean Talingdan. Just look up the name. In order to schedule an appointment, you would find the required information. She is quite talented.

[@BINDERANDREAULRIKE]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@JaySelvanto]

I remember 1987 real estate bubble being way bigger than 2008, but nobody talks about that

[@Horatio1886build]

Yea i lived through all of this my first job in the 1970s. Thing I don't understand is how a nice desirable house in good shape up to date kitchens bats good roof siding etc, how can they drop below replacement cost? Would take a serious depression. No? Yes? Just wondering

[@katiemoyer8679]

Prices go by what people Will (can ) spend.

[@gigyoung7181]

You’re an absolute blithering idiot if you think the late 80s real estate bubble compares to today’s.

[@Norm475]

In 1987 The courts took my house and gave it away, even though the mortgage was up-to-date in my payments. They also took some of my IRAs, car, and other savings, and made me pay all the attorney fees. That is what divorce is.

[@tobyk5149]

please enlighten us about 1987 bubble

[@SonnetGomes]

It will crash, but not 50% due to inventory. Prices will probably drop 20% at most. now, if the unemployment rate hits 4.5% and higher, we may see a lot of forces sales. We are not too far off from hitting that target.

[@tinarobbins112]

@@SonnetGomes totally agree.

[@paraax]

I mean if you can't build a house for 50% less than the current price then unless people stop living in houses the prices won't be able to go down to that level. What may have happened is wages are suppressed, costs are inflated by 20% or more. We probably have a case where yes there will be a temporary pull back to housing prices, but the real pull back is in purchasing power of the average person's wages. Eventually we will either learn to build less expensive houses or our wages will return to parity. Guess maybe I'm looking further than him, but I didn't see a 50% USD pullback because of all the money printing.

[@danielturner9832]

Those pricing homes double and more than what they paid for them have a lot of wiggle room to cut. It is possible they take them off the market and stay put is the market they want to buy into don't drop fast enough. Investment homes may be forced to cut considerably

[@MasterRoss-sn7dl]

@williamweaver8621your comment is irrelevant

[@Ja56780]

@@SonnetGomes The Feds goal was four percent by the end of the year and we are already there. Things are going to get spicy real soon.

[@djgfun2011]

What about selling rental properties at this peak and then buying again after the crash when prices are low?

[@TheAdventuresofSnickersandMinn]

Great question!

[@blaisetzu]

Home prices are crazy, especially in California. They need to drop.

[@myboyjasper]

the same in Boston. I bought in a great, working-class neighborhood in 1990's, Cops, nurses, teachers. Fast-forward to today, the prices are in the 700k's. I see foreign money buying in. Other neighborhoods are 1M+. I don't know where these people get the money. Rents are insane - 3K for a 2 bedroom.

[@jackjohnson9449]

Harry is 100% correct.

[@donniemoder1466]

1% of the time he is 100% correct.

[@christopherf3918]

@@donniemoder1466I bought his book in 2009. “The Great Depression ahead” . Everything in the book hasn’t happened yet. It’s 2024. If you listened to the book you’d have missed the stock and real estate run up. Since ‘09.

[@christopherf3918]

He said tsy bonds were the only safe bet . We have a debt to gdp ratio of 130%. That won’t be good for bonds when we start lowering rates again.

[@julianicole7622]

I'm paying over a thousand dollars to rent the lot to leave in a treiler in Fort myers FL ,plus the owner here is making everyone in the treiler park pay for the property taxes. And the garbage fee is around $300 plus every 5 months they are raising the rent a $100 dollars more, we need help here with a lawyer.

[@robertp9370]

@@julianicole7622 wow, what a ripoff. You’d have to be a fool to pay that

[@elizabethtovar3603]

Same in Arizona.

[@Veromoi4]

That’s evil

[@julianicole7622]

We can't find a buyer for my trailer.

[@robertp9370]

@@julianicole7622 what year and size is your trailer?

[@MythicStealth]

One of the best videos on the subject. Sending the link to friends, thanks!