Housing Market Predictions: The 2023 Housing Crash Has Just Begun (It's Now Completely Illiquid)

Why haven't housing prices crashed yet? That is a question that many people are wondering. In today's video, I answer this question and provide data and insights into why the Real Estate market is completely illiquid and should be avoided for first-time homeowners.
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[@craigperry3479]

Your comment section is riddle with bots trying to sell investment strategies

[@LarryCheungCFA]

@@craigperry3479 I'll try to take care of them.

[@Me2EyeSay]

Good points but looking for more research on the number of homes fully owned by boomers looking to sell within the next 5 years. They won't live forever so look at percent of homes owned by boomers that will need to be sold (children won't live in most of them) and you'll the greatest amount of inventory ever forcing prices to go down on top of higher interest rates. Those properties bought very high will be exposed and will take a huge loss unless they hold on for another 50 years. Time is money and it's a matter of a few more years before boomer owners will need to sell. I know a few boomer family members looking to sell now before the housing prices drop further. Hope to see you review this important trend soon.

[@northtxhomes.]

@@LarryCheungCFA Thank you! I wish KZbin/Google would across the board

[@rhexsontuson2515]

Nice Content! Do you have any business email or other ways to contact you?

[@johnlennon232]

I’m in DC and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quite mediocre neighborhoods. Then you’ve got Better, average sized homes in nicer neighborhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.

[@alexyoung3126]

Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

[@williamyejun8508]

This is precisely why I like having an asset manager look over my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a manager for more than two years, and I've made over 85% of my initial amount/

[@jessicamoore3093]

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

[@williamyejun8508]

’Melissa Maureen Ward, is respected in her field. I suggest delving deeper into her credentials, as she possesses experience and serves as a valuable resource

[@jessicamoore3093]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@lawerencemiller9720]

As directors of our farm business, my wife and I, aged 55 and 52, are starting our retirement savings journey, aiming to rely on rental income. I'd appreciate a live session to discuss online passive income strategies and achieving a comfortable retirement with a target goal of $3million.

[@alexyoung3126]

Using a 401(k) or IRA is a valuable strategy for retirement planning, providing potential savings growth and tax advantages. While the stock market is promising, expert guidance is essential for effective portfolio management

[@jessicamoore3093]

The stock market is a powerful tool for long-term wealth creation for the average person, but some view it skeptically because they are trying to make quick money and end up getting burnt. Also, A lot of folks downplay the role of advisors, Seeking a boost, I hired a fiduciary advisor, resulting in a 80% portfolio performance and return increase over four years, revitalizing my $600k portfolio.

[@williamyejun8508]

I hope it's okay to inquire if you're still collaborating with the same fiduciary and how I can get in touch with them?

[@jessicamoore3093]

Yes i am still working with 'Natalie Marie Tuttle'. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@williamyejun8508]

Thanks for this. I curiously searched for her full name and her website came first. I looked through her credentials and did my due diligence before contacting her. Once again many thanks

[@lynayra6492]

It's absolutely amazing that I'm making twice as much as my parents ever did and I can't even afford a mortgage for a house similar to theirs in this current market.

[@HalfInsaneJane]

My husband and I had this exact same conversation the other day.

[@Sammo212]

Same. Hell, I have a 6 figure amount as a down payment and because of high prices and high interest rates its stupid for me to buy.

[@skipbayless7912]

Same. Lol

[@Brad14397]

My living grandma's first mortgage was $140/month and that was shockingly expensive. She made about 40k at the time

[@katattack907]

Have you tried skipping your daily Starbucks and cutting back on avocado toast? /s

[@danieltaylor--65]

As an investment enthusiast, I occasionally wonder how top-tier investors become millionaires through investing. I have a big amount of money to begin with, but I have no idea what tactics or paths I should take to help me earn more than $400k like several others this season.

[@Angelinacortez495]

I found her page by searching for her entire name online. After that, I emailed her and we set up a meeting so we could talk; I'm currently waiting on her response.

[@rossderer6154]

Im a firm believer that certain markets should be illegal or unavailable to be corporate, business owned. Housing (specifically single family homes) being one.

[@ceej5705]

Amen!

[@ceej5705]

The investors are out of control, driving the entire society into madness and suffering. They do what they do with "good" intentions....but their awareness is so short sighted. How can you have a healthy, thriving or even functioning society with where basic housing costs are? Look at the suffering people everywhere... especially the ones whose work actually produces the goods and services that enable our economy to function. Citizens can no longer do these jobs and have a home... which is a requirement to have a job. Crazy! I will be hoping for the best and working towards it....but preparing for life to get much, much harder than it has ever been. Normal everyday people must come together and stop the madness of the few that are causing problems for everyone without the awareness to see they are causing it.

[@gotseoul123]

Add privatized health care to the list...

[@emmaswartz4549]

As a landlord, I agree with you. In Singapore, where housing is limited, people are only allowed to own one house. If we take away the ability of a corporation, landlord, or overseas investors who buy multiple homes just to keep them empty, I think it will significantly help with affordability. There are a population of people who are not great at managing money and would not be great as home owners. They will still need rentals. But it would make things much more affordable for everyone else.

[@LeviDaManJabroni]

100%

[@CatherineWilson8]

The effects of the downturn are beginning to sink in. People are being impacted by the long-term decline in property prices and the housing market. I recently sold my house in the Sacramento area, and I want to invest my lump-sum profit in the stock market before prices start to rise again. Is now the right moment to buy, or not?

[@KevinClarke9]

Stocks with yields that outperform the market should be on your radar, as should shares that at least lag the market over the long term. But if you want a long-term strategy that works, I advise you to consult a broker or financial advisor.

[@suzannehenderson5]

Don't depend your market assessments and decisions on hearsay and rumors; I did it in 2020 and ended up with worthless market holdings. Before I started noticing any notable improvements in my portfolio, and I had to completely rebuild it. I've been using the same advisor ever then, and in just two years I've scaled up to $876k. Depending on where you look, a bullish or down market might both produce good profits.

[@ScottArmstrong12]

Thats a good one. I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market. Could this coach that guides you help?

[@suzannehenderson5]

The decision on when to pick an Adviser is a very personal one. I take guidance from ‘Carol Vivian Constable‘ to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.

[@ScottArmstrong12]

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

[@noahc6246]

They need to make it illegal for corporations to purchase single family homes

[@serenitylake4211]

Why are you assuming investors are corporations? There are individuals who plan strategically and create opportunities to invest.

[@sybo59]

Wrong. We need MORE economic freedom, not less.

[@rCrypto_Frog4148]

@@serenitylake4211he’s talking about funds like black rock hogging the retail real estate market. They have no business being in retail they need to get them out!

[@cc1k435]

​@@serenitylake4211Individuals don't have the ability to overinflate the entire market, though.

[@cc1k435]

​@sybo59 WE may need that, but corporations don't. We've become completely at their mercy and it's going to ultimately be our downfall.

[@BillAdamson-bp9ff]

I didn't become financially independent until I was in my mid 40s, in addition to owning a second house making money on a monthly basis through passive income, and I've also met some of my goals. I really hope this motivates someone to know that it doesn't matter if you don't have any of these things yet; no matter your age, you can start today. Investing can help you change your future! By participating in the financial market, I took a significant decision.

[@Andrian-ch3on]

Yeah, strategic investments are critical for financial freedom and newbies always make the mistake of picking the wrong assets when investing

[@user-uz2mo8tk1e]

What an amazing journey for you Andrian! How was it like for you when u stated, and can you recommend a reputable specialist?

[@BarbaraRichstone]

Wonderful

[@BillAdamson-bp9ff]

general, investing requires higher knowledge. For this reason, it's important to have a solid support structure to guide you through especially in asset picking. I operate with (Michelle Christine Parker) an investment specialist who partners with a licensed wealth management firm. For the record, experience has been the best for my finance

[@AndrianWiener]

Thanks a lot , I just googled her up

[@Rachelschneider03]

Retiring in 20 years? Due to inflation, you may need upwards of $2.6 million to maintain your existing lifestyle, with the ongoing effects of high inflation, lower forecasted stock market returns, and stagnant wages, achieving a secure early retirement could be more challenging than ever before.

[@ReidCoffman1]

An obvious way to lnvest for a recession is to buy shares in businesses that are likely to experience steady demand even in a downturn. Typically, those are consumer staples, utilities, and healthcare companies, but off course such decisions cannot be made by an average Joe, a financial advisr is important in making this decisions

[@AshtonGrace]

Very True Such considerations can certainly have a role when I think about whether I ought to buy into a share. But I never purchase purely on that basis, i always have to seek the adv!ce of my financial-planner who has helped me gain $985k in a well-diversified portfoIio that has experienced exponential growth

[@MariusNatt]

i just searched her name on my browser ... got it thanks @@AshtonGrace

[@NoelleLilley]

Agreed. Sadly it doesn’t even feel like $2.6 million might be enough. And that’s insane

[@florencia2771]

I’m going back to my home country. I will live well with $1000 a month.

[@Patriciacraig599]

This seems like the worst period. Even the markets are very unpredictable. started investing recently when the market prices were a bit high ,today i am more than 60% down

[@Alejandracamacho357]

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.

[@PhilipMurray251]

The current situation is incredibly dire for people in the United States and other countries. The global economy is facing a significant downturn, with increasing inflation rates and unemployment figures.

[@rannyorton]

Having an investment advisor is the best way to go. Based on a direct encounter with a CFP named Kate Elizabeth Amdall, I can say with certainty that their skills are excellent. She helped raise over $580,000 in 18 months from an initially stagnant portfolio of $150,000

[@Alejandracamacho357]

Fantastic! Can you share more details?

[@rannyorton]

Cant reveal much info, she is the shrewd advisor responsible for my portfolio success, it's only right you look her up and confirm yourself.

[@williamyejun8508]

I wonder if people that experienced the 2008 crash had it easier because I don't see my retirement turning out well when I can't even grow my stagnant reserve

[@alexyoung3126]

There are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience

[@lawerencemiller9720]

Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my stock portfolio and plan my retirement

[@lawerencemiller9720]

Thanks, I just googled her I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.

[@realmakeup87]

We were those lucky ones😊 Got married and debated between an apartment or a home. With 6k in savings only we risk it all to got a 2500sq ft house 🏠, for 125,000 with half acres with Obama incentive 8k. Struggle after Struggle we made it work ❤ Paid my dad 5k back after a year and our home is worth today( 2023) around 620,000 Everyone told us don't buy, it's going to be 💯 disaster

[@luistor4510]

It's perverse that a corporation takes a home from someone who needs it to raise a family, without having to pay extra tax or have any penalty.

[@conduit242]

It’s perverse to borrow money and lie about paying it back

[@liquidreality472]

Its perverse that we tax corporations that never see the benefits of their contributions

[@tellsparck]

@@liquidreality472 What a joke! So i assume they do not use the roads, rails and other infrastructure that the government builds and benefit from everything else that a functioning society provides...

[@liquidreality472]

@@tellsparck "the roads, the roads! Who's going to build the roads???"

[@angtang01]

@@liquidreality472 hahaha in my country mining companies build their own roads 🤣

[@SophiaChristian-so2of]

I believe the housing market has been highly overpriced. There are different factors. Some of it is more buyers than sellers. People get in bidding wars over a home. Most homes sell within 2 weeks. Then if you want land in the country between the rich folk and China who are paying way to much for property they make it impossible for average people to purchase in the country. It's going to implode because all the people who paid a premium for house's are a paycheck away from losing those homes. Look at the trucking company that just went out of business. How many of those employees will lose their homes. Look at other big companies that announced layoffs. Housing will be taking a big hit and prices will drop

[@JenniferDrawbridge]

I bought a house with cash in 2021. The insurance and property taxes have doubled since then, and now costs more than I ever paid in rent in my life. I feel that I would be better off living in a studio apartment in a warehouse again and investing the money in anything else.

[@MarkFreeman-xi3rk]

i advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now

[@AntonioBianh]

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

[@cythiahan8455]

@@AntonioBianh Where may one locate an experienced FA? I like the notion of employing their services, but it's terrible that recent stock market tragedies have started to happen more frequently.

[@ericwong8180]

Overpriced maybe. However, a crash implies a repeat of 2008. While yes there are layoffs, I don't believe it will be enough downward pressure to cause the kind of slashed prices as the irresponsibility of '08 caused.

[@corrySledd]

I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.

[@BenjaminMcLeod815]

I can’t focus on the long run when I should be retiring in 3years, you see I’ve got good companies in my portfolio and a good amount invested, but my profit has been stalling, does it mean this recession/unstable market doesn’t provide any calculated risk opportunities to make profit?

[@PhilipMurray251]

There are a lot of strategies to make tongue wetting profit especially in a down market, but such sophisticated trades can only be carried out by proper market experts

[@Alejandracamacho357]

I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you

[@Alejandracamacho357]

She appears to be well-educated and well-read. I just ran a Google search for her name and came across her website; thank you for sharing.

[@NBportofino]

Don’t retire. It’s a modern construct and unnatural. Work until you can’t.

[@tommychestnut5335]

As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $540K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

[@Robertgriffinne]

Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional.

[@traviswes7082]

Very true. Despite having no prior investing knowledge, I started investing before the pandemic and pulled in a profit of approximately $900k that same year. In reality, all I was doing was getting professional advice.

[@Alejandracamacho357]

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

[@traviswes7082]

I've shuffled through a few advisors in the past, but settled with 'Debra Marie Styner'. Her services are exemplary. I'd suggest you research her further on your browser, sure you'll find her basic info.

[@Alejandracamacho357]

Thank you for this tip. it was easy to find your mentor. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé

[@EverlyndPerez]

A home is not the ideal investment right now due to the state of the economy. My house in the Boca Grande region has already been sold, but I still want to put about $200,000 into stocks because I've heard that investors may still make money even in trying circumstances. Any great stock suggestions?

[@BenTodd-fl8nv]

The truth is that if you make the right picks, you could make killer riches very quickly, although such profit usually needs expertise, as in hedge funds or financial managers. I personally prefer the latter.

[@benitabussell5053]

With the help of an investment advisor, I was able to diversify my $550K portfolio across multiple markets, and since the second quarter, I was able to earn over $350K in net profit.

[@HarrisRyan-oy8eo]

I need a guide so i can salvage my port-folio from its current state and come up with better strategies. How can one reach this advisor?

[@benitabussell5053]

The investment-advisor that guides me is *Alicia Estela Cabouli* she popular and has quite a following, so it shouldn't be a hassle to find her, just search her

[@benitabussell5053]

*Alicia Estela Cabouli* Her honest approach gives me complete ownership and control over my position, and her rates are incredibly affordable given my ROI

[@stanleyfujiwara1394]

I buy small houses on large lots in towns where new houses are being built on small lots. Eventually the large lot will either be split or someone will want to build a mansion there. It’s always a “good deal/good idea” if it’s a good company/property etc. market fluctuations are just gravy.

[@nataliehinnes5221]

Get your investments right before venturing into real estate, I leverage on the volatility of the market for significant returns rather than holding and loosing value to the volatility of the market I made my first mill from going diverse, mainly stocks, ETFs, few Cryptocurrencies and bonds. thankful to my now financial advisory Olivia Rene Reyes. It’s a long term plan for me so I invest and re-invest. about to purchase my second property ..she's the best in the business

[@ParishBlein]

An everyday millionaire. Well done

[@donaldlocher2537]

found her webpage by looking up her name online.... Her resume is quite outstanding, I'll be writing a mail to her shortly

[@adamtennant129]

Very entrepreneurial of you

[@sarahuber8567]

It’s frustrating investors are buying out first time home buyers. Something should be done about that. Great video!!!!!!!

[@joschujohann4717]

I’m a Loan Officer from Northeastern Ohio. We have an intersting dilemma up here where property prices were so cheap for so long and now our area is being recognized nationally as an “affordable” place to live. It’s increasing demand and greatly limiting inventory. Investors and/or retired empty nesters with cash are winning and first time homebuyers are losing offers.

[@SkySong6161]

It's about to get worse. A lot of folks I know from the "sunbelt" region that have been shoved out of their homes by people from CA and NY are looking to move up to the rust belt, because they can't afford the places they've lived and worked all their lives anymore. It's how you tell if someone is from FL or not: they know somebody, are somebody, or both, who's been forced out of a rental when the owner decided they wanted to charge someone from out of state 3x what you were paying. I myself am planning on gtfo of FL and Ohio is one of the places I'm looking to go.

[@joschujohann4717]

@@SkySong6161 ability to work from home is also a huge factor at play too. Being in mortgage financing, I can work from home and it rules! I live in the Canfield, OH area (about 5-10 miles south of Youngstown). I just recently purchased my 3 bed/3 Bath home on 5 acres of land for $300k. That’s pretty unheard of just about anywhere else in the US.

[@SkySong6161]

@@joschujohann4717 ikr. 300k will get you a condemned outhouse two hours away from the nearest hospital in FL nowadays, let alone a house. But less than 5 years ago that was considered expensive. And my job is WFH. My employer doesn't realize that I'm quitting once I get a true "remote" position so I can get out of this hell state.

[@rpkett]

That's happening in many areas around the country.

[@joschujohann4717]

@@reggieyamanaka9618 it’s being recognized specifically in our area because of how cheap everything is compared to the rest of the US.

[@IAMBETTERTHANYYOU]

With a 30-year fixed mortgage rate now at 7.5%. Since i am already priced out of the housing market in my area. How can i avoid a crunch and maximize my $350k savings? Should i invest in Gold or Stocks?

[@TruckeeFam]

In the current economy, stocks outperform real estate. Stocks provide dynamic, liquid investments and diverse growth opportunities. Consider consulting a fiduciary advisor for guidance on growing your savings, given the numerous opportunities in the stock market.

[@Ammo-Hoarder]

The stock market is a powerful tool for long-term wealth creation for the average person, but some view it skeptically because they are trying to make quick money and end up getting burnt. Also, A lot of folks downplay the role of advisors, Seeking a boost, I hired a fiduciary advisor, resulting in a 80% portfolio performance and return increase over four years, revitalizing my $600k portfolio.

[@sommersalt88]

@@Ammo-Hoarder I hope it's okay to inquire if you're still collaborating with the same fiduciary and how I can get in touch with them?

[@Ammo-Hoarder]

Yes i am still working with 'Theresa Dana Peek'. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@sommersalt88]

Thanks for this. I curiously searched for her full name and her website came first. I looked through her credentials and did my due diligence before contacting her. Once again many thanks

[@albacus2400BC]

’m closing in on retirement, and I'd love to move from Minnesota to a warmer climate, but home prices are ridiculous now, and mortgage price skyrocketing on a roll... do I wait for a crash, or go ahead and buy house anyways?

[@Ogden1]

Consider hiring financial advisors, estate planners or tax experts. They can provide specialized knowledge and help you navigate complex financial decisions. Right now treasuries and HYSAs pay 4.5-5% risk free, do that.

[@sting_grayl]

Agreed, instead of panic or following a hearsay, I simply adopted the service of an advisor early 2020 amid covid-outbreak, and so far, I've attained my most measurable financial milestone of $650k after subsequent investments.

[@PotBellyPete69]

nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?

[@sting_grayl]

I take guidance from a California-based wealth advisor *Sharon Louise Count* ..you're most likely going to find her basic info on the internet, she's firmly established and well qualified.

[@PotBellyPete69]

When I curiously typed in her entire name to search online, I saw that her site was highly ranked and really professional. Thank you for sharing this; it has stoked my desire to achieve my objective again.

[@Sundayola2024]

I have learnt so much watching your videos ,God bless this channel always . At this age , we all have to think long term . Focus on your career and goals . Invest money , Find someone you can hustle and pray with . We can no longer afford to waste time .focus on everything that matters in the long run . Stability, Loyalty, Peace of mind

[@Sundayola2024]

@AliceEmily928 You can go into stock marketing or real-estate , that's the only thing i can recommend for anyone

[@Sundayola2024]

@AliceEmily928 JOIN

[@Sundayola2024]

@ Vinre2018

[@Sundayola2024]

ON l.G

[@emmanueldoe7517]

I think the housing market can only truly crash when everything else crashes beside it. Its quite simple really -- under what conditions would you sell your house at a loss or default on your mortgage payments? When you are out of work/not making money and are desperate to become liquid. This is what essentially happened in 2008. People want the market to crash without the economy crashing with it but I don't think that's possible. If things get really bad, no one will have the money to buy those houses at a discounted price anyways since money will be scarce.

[@rickrobs9398]

Absolutely correct. You are one of the few who understand that.

[@sw6188]

The way to crash the housing market is for people to STOP buying houses! If no one bought a house, sellers would have no option but to hold on to their homes or drop the prices until they got down to the point that they were realistic. This unfortunately requires a combined effort from EVERYONE. You have to be able to get the entire population of a country to NOT buy any houses. In the meantime, people would just need to sit tight wherever they are and wait it out.

[@31yams]

problem is now more than ever, large investors have entered the residential real estate market when before they were more in the commercial real estate side of things. Investors will sell at a loss to prevent larger losses. so the upcoming potential bursting of the bubble is a little different. Right now its a game of chicken with investors.

[@sw6188]

@@31yams Therein lies most of the problem. Houses shouldn't be "investments". They should be for living in, not a tool to line someone's pockets.

[@cs2097]

There are people who will be able to buy houses. Just not individual families

[@EricLegendary]

AirBnB's popularity is declining. People are starting to realize that they don't want to work on their vacations. The extra cleaning chargers that hosts implement now make people rethink their bookings. Hotels are back in business. You don't have to clean, you get your bed made, get clean towels and maybe breakfast every day. You will not get your booking cancelled 3 hours before arrival with no recourse, if you do at a hotel they will provide you with new accommodation. Soon enough investors going to dump those properties just like you predicted.

[@thesummerland6165]

Airbnb should never have been allowed in residential areas, they basically hoarded all housing to make profits while people who need homes to live in become homeless and home prices surge

[@soapa4279]

As a former user of AirBnB this is the EXACT reason why me and many of my friends and family ditched it to go back to traditional hotels.

[@zwatwashdc]

I think BnB only makes sense for families and gatherings. But lots of young people now don’t have kids and are not planning to have any. Hotel or resort is better option for them.

[@Viper4ever05]

They're only worth it if you're going to a remote location. If you're going to another city just get a freaking hotel

[@InternetUser._]

Airbnb is consistently 2x the advertised price when you get to the checkout screen now. I never use them in the US anymore. Only overseas where those BS fees are almost nonexistent.

[@stevensmiddlemass2072]

I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but with the prices on homes are stupidly ridiculous and Mortgage prices. Do I just invest my spare cash of $980k into stock and wait or should I go ahead to buy a home anyways.

[@Curbalnk]

Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.

[@Shultz4334]

@@Curbalnk Yes true, I have been in touch with a financial advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k

[@DanLeahfort]

@@Shultz4334 I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

[@Shultz4334]

@@DanLeahfort There are a lot of independent advisors you might look into. But i work with *Heather Ann Christensen* , and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her

[@DanLeahfort]

@@Shultz4334 Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

[@5541james]

I bought my house in 2018 for 225k and I had a 5.6% rate and refinanced in fall of 21 to 3% plus I put another 40k down and got my mortgage payment down to about a grand a month. My house now 5 years later is worth 375-400k. All this rapid inflation of the price has done is increase my mortgage payment every month about 50 dollars. They just keep raising the taxes and although it’s not a problem now it will be in the future. These governments just keep squeezing the middle class out of existence. Pretty soon you will either be poor and always rent or you will be upper middle class struggling to keep up.

[@Rayrockny]

You got lucky with the timing, good for you, not many can say they did. I also have about a 3.7 rate but my mortgage and taxes run $3k month and taxes are set to rise again next year. It's going to be a real shit show soon and I'm wondering who is going to afford this new future they are proposing. I make over 6 figures and I won't be able to.

[@eddieprieto1842]

Why not lock your interest rate so if it goes up it doesnt affect yoy

[@5541james]

@@eddieprieto1842 if you’re talking to me my mortgage is locked in at 3% but like he said in the video it makes me realize I am also mentally blocked in. No way I see rates going to go down to 3% again on a 30 year note so I’m not moving up or down. I could easily live in a smaller house hell I could live in an RV lol it’s just I’m a divorced dad so it was important to me my daughter had a home with her own room. The goal now is to get the house paid off before retiring but even then I’d bet by then I could have this place paid off and still have a payment every month of 800 to thousand a month. Property taxes have got to be capped or reigned in somehow it’s going to keep hurting working class folks.

[@Fern_Thaddeus]

😭 Lord help!

[@Syne111]

buy Bitcoin

[@kallasusort2986]

I think you are absolutely correct - I refused to buy any property until I felt the market was leveling out. I too saw all the B&B properties being bought up by Realtors to inflate prices. May KARMA come to those that played that greedy game now.

[@roosterqmoney]

No such thing as a good deal because the good deals are bought by real estate agents. They get flipped with low price finishes installed in an unprofessional manner and sold for fat too much or turned into air b&bs

[@TheCreedBratton]

Amen!

[@Aditya0227]

Karma never gets the rich my friend, especially corporations.

[@rainmanslim4611]

I think the only way for the housing market to heal now is for it to crash. It NEEDS to crash, the corporate entities who are responsible for this NEED to fail and they cannot be bailed out again like in 2008. Only then will things finally get better for people at the lower end of the societal spectrum.

[@williamfarnaby]

corporate entities such as black rock do want the real estate market to crash. then they will scoop up A LOT of properties in one neat swoop.

[@sacmom3]

Great info.👍🏽

[@SR-mv2mf]

But they will be bailed out because they are all the ones finding politicians

[@mayploy6869]

totally agree. balance needs to be restored.

[@sharktiff1]

I’d be very surprised if that actually happened

[@cloudbloodmusic]

I like how you actually admit that investors buying up homes is the problem. All these other finance KZbinrs are extremely conservative to the point they have their head up their own ass and unable to admit there's problems with the system and instead say "you're not working hard enough" like a broken record.

[@lenzkol]

@cloudbloodmusic you have it wrong too. Investors are not the problem they are just trying to get yield. Since the Fed for over a decade has been dropping rates "artificially", they all have been pushed into riskier assets and even though the price of homes has reached unaffordable levels for regular folks, its just a function of current options for everyone. Just put your money into the safety of treasuries, one year duration = 5.36% two year duration = 4.88% today, and wait it out. At some point things will normalize and you'll be able to get a home for a "fair" price compared to your income.

[@cloudbloodmusic]

@@lenzkol they are the problem tho. If housing didn't have a profit incentive we wouldn't be in this mess.

[@Patti7772butterfly]

I have been stating this to all these so-called KZbinrs that we know what the problem is Zillow is being sued because of all the homes they’ve bought these investors are holding onto multiple thousands of properties and they’re releasing them slowly but surely because they’re trying to create bidding wars they’re trying to make up for the thousands dollars that was lost doing the Covid 2020 shut down this is ridiculous so if people if they can stop buying homes stop buying homes because this will force these investors to start releasing some of these properties and will bring down the cost of these homes if we continue to buy at these exorbitant rates we’re gonna be back were we were in 2008 with a huge huge explosion and people who bought overvalued homes will be caught with their pants down

[@okaight7248]

Right? It's like they're screaming at you to contribute to the massive issue or you deserve to be broke.

[@cloudbloodmusic]

@@okaight7248 literally

[@joesphcu8975]

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

[@alexyoung3126]

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

[@lawerencemiller9720]

Given current recession pressures, it is unlikely that the stock will yield substantial returns in the near term. However, it may be a suitable investment opportunity. I will monitor market conditions and consider purchasing when there is an improvement in the relevant economic indicators, any idea which stocks this may be?

[@johnlennon232]

Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.

[@jessicamoore3093]

Thats quite Impressive! can you share more info?

[@jessicamoore3093]

Thanks for the info, i found her website and sent a message hopefully she replies soon.

[@beacomedian]

There's so much pent-up demand for attainably priced housing that it's hard to see how a "crash" is possible. I would see it as more like a sensible deflation. Sure the investor class might start dumping inventory but the current bubbles has kept so many potential primary homeowners locked out that is soon as prices start becoming more reasonable they will fall into the eager hands of this cohort, easing the rate of the price correction.

[@paperclip6993]

Pent up demand for Bitcoin at it's high, however I'm not saying that transfers over to housing.

[@Dbb27]

@@paperclip6993 bitcoin has absolutely nothing to do with housing. You got that part right.

[@8500Rask]

Correct, crash sounds better for clicks though

[@jarretttownsend-sacramento7943]

agree.

[@Weesie08]

Oukl😅

[@sshijith]

To bring stability to markets in long term, investors should be either regulated or totally kept out of housing markets.

[@susampson278]

How you gonna do that? USA is capitalistic democracy. Pres Trump was/is a career real estate investor, as was his father and son in law Jared...

[@riot9946]

I think investors are fine, it’s the big corporations

[@DsiakMondala]

@@riot9946 The big corporations investing in the housing market sure are a problem

[@danielkim672]

@@DsiakMondala It is a problem but Larry needs to make a video on exactly how big a problem it is currently.

[@afreaknamedallie1707]

​@@riot9946nope 🙃 small time investors still contribute to the problem even if not at scale.

[@antonnohr]

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

[@ClementRusso2]

Predicting the housing market in 2023 is challenging because it remains uncertain how swiftly and to what extent the Federal Reserve can reduce cost surge and borrowing costs without negatively impacting buyer demand for various assets, including homes and automobiles.

[@Rodxmirixm]

Think about moving investments from real estate to stocks during recessions for potential gains amid market volatility. This isn't financial advice, but investing could be wiser than holding cash.

[@Jason9o669]

Indeed, diversifying a $380,000 portfolio across various markets with guidance from an investment coach has proven fruitful. You've managed to generate a net profit of over $790,000 through high dividend yield stocks, ETFs, and bonds. That's an impressive achievement.

[@VickyAlvy]

Can you suggest the investment coach you've been using? It appears you've had success with their guidance.

[@Jason9o669]

My advisor, Stacey Lee Decker, is a highly qualified and experienced professional in the financial market. She possesses extensive expertise in portfolio diversification and is widely recognised as an expert in her field. I suggest conducting further research into her credentials. With her years of experience, she proves to be a valuable resource for anyone seeking guidance in navigating the financial market.

[@justines8433]

Fear doesn't make money. People that wait for years to buy expecting a crash never do when there is a correction, still thinking it's going to go lower. The best time to buy is when you need to.

[@RobertBrunnerBREG]

Very well said. A couple with two kids living in an apartment simply have to move.

[@sonyachen4514]

can't agree more.... people think there would be a crash when COVID comes, then think there would be a crash when the first crazy rise in 2021, then 2022, now 2023..... now it's certainly not the best time to buy for investors as there're so many unknown in today's market, but as a regular people who needs a home and will live there for 10+ years, really doesn't matter as much, the most important thing is to find one that fits your need financially and the bank is usually "good" at doing it these days as they don't want same thing happens as in 2008.

[@wenchen8173]

@@shreddy_mcgnar6359well said: time in the market beats timing the market. How many houses do you have? Did you still keep your first and second house for investment? Or you just upgrading and only have the third house in your hand?

[@utahnest]

And plenty of people didn't buy in 2020-2022 waiting for the market to crash. I know buyers that listened to their parents and family that told them to wait...ended up spending 200k more. The best time to buy is NOW because you're getting a lower price and locking it in. You can always refinance or recast your loan later. You marry the mortgage and date the rate.

[@wenchen8173]

@@shreddy_mcgnar6359 not bad at all. I heard my friends said buy a house, never sell! If you have enough money to update your house, just do it, but never sell the old one, rent it out. This is the way to accumulate your assets, especially in Canada. After 20years, you will see the difference.

[@joe44850]

8 months after the first housing crash videos started, i'm still looking out at the horizon of endless real estate price increases and very little inventory.

[@LarryCheungCFA]

The housing cycle moves a lot slower than other markets that show weakness in the macro picture, like the auto market (which is now under great strain)

[@joe44850]

@@LarryCheungCFA I'm hoping you are right and I am eating crow with this comment in a few months :-)

[@Rain-lb1ts]

Atlanta GA suburbs, especially John’s Creek is insane. No inventory and average 50k over asking price

[@chadmack1633]

​@@Rain-lb1tsin all fairness, Johns Creek is (if I'm not mistaken) THE wealthiest suburb in the state, so that's to be expected. Even well before the pandemic and drop in interest rates, JC was a hot spot.

[@Ja56780]

@@Rain-lb1tseople from the northeast are coming down and paying over asking price.

[@Gabrielle..]

Great video, thanks for the information! I've been hearing a lot about the housing market lately. Is now a good time to invest in real estate? I'm considering buying a rental property. Any tips for first-time real estate investors?

[@-Fredrick]

It really depends on your location and long-term goals. In some areas, housing prices are soaring, but in others, it's more stable. Research your local market carefully. Rental properties can be a good source of passive income, but make sure to factor in all costs, including maintenance and property management if needed..

[@-Pamela]

It's important to evaluate your financial goals and risk tolerance either on your own or with the help of a financial advisor. A hot market can offer opportunities, but it also comes with higher prices and potential risks.

[@luis-gabriel1]

You’re correct! I started investing on my own and for a long time the market was really ripping me off, i decided to hire a financial advisor known as John Desmond Heppolette, even though I was skeptical at first, and I beat the market 20% I thought it was a fluke until it happened two years in a row and so I’ve been sticking to investing with him…

[@Gabrielle..]

Thank you for the information, it was easy to find your advisor. I conducted a google research of his full names on-line before messaging him. Base on his on-line resume, he appears to possess a high level of proficiency. I’m so grateful for this opportunity!

[@Barbara0015]

Remember that financial decisions should be made carefully and with consideration of your individual circumstances, seek professional advice. Absolutely! A financial advisor can help you create a tailored investment plan that aligns with your unique financial situation and goals.

[@GopherJoe17]

It's hard to say we're on the verge of a housing crash, when in many markets, including mine in Minnesota, buyers are outnumbering sellers. Yes, inventory is low, and that may be part of the cause, but as long as there's more buyers than sellers, it's hard to see the market fall.

[@tdiler12]

Agree . And the comment about the “slowing” economy is off. That’s been the popular argument the past 2 years and thus far has been dead wrong.

[@Patti7772butterfly]

The inventory is only low because investors like Zillow are holding on to property and not releasing the million of properties throughout the country to create bidding wars, it needs to be a law as to how many properties a single corp investor’s can buy

[@jphickory522]

No more laws. Thank you

[@Patti7772butterfly]

@@jphickory522 there needs to be some type of protection because all of this is man-made and if we don't do something about it then we're just going to totally be out of the market to buy anything. Some kind of control is needed

[@ourgoofyfourJfamily]

@@tdiler12 if they repeat it long enough, eventually they will be right.

[@MoveOrInvest]

It’s one thing to show charts from Zillow data, Redfin data, etc. and just reiterate what those charts show (as many do). It’s a rarity to see someone who can really understand the market forces, make predictions based on the available data, and also summarize it in a way that most people understand. Great video!

[@LarryCheungCFA]

Thanks so much!

[@gregfawcett5152]

Never bet against inflation or optimism.

[@danielkim672]

This video was solid, but even this video can not predict the future. There are so many things glossed over

[@michaelshu332]

come back to this video in a year and see how those predictions went

[@jessicasquire]

Despite the prevailing fear and predictions of an impending crash, there is already a significant amount of demand waiting to absorb it, which diminishes the likelihood of such an event occurring as anticipated. This forecast contrasts with the circumstances in 2008, especially regarding public perception, which I will elaborate on below. As mentioned in another comment, the homeownership rate reached its highest point in 2004. Currently, we have reached a peak in the second quarter of 2020 and are now at a more moderate level. Between 2008 and 2012, the homeownership rate declined by 3%, and in the second quarter of 2020, it dropped from 68% to 65%.

[@Erikkurilla01]

As we find ourselves in unfamiliar territory with uncertain markets, it is understandable that widespread anxiety and excitement prevail, especially considering that the US stock market has been experiencing its longest bull run to date. However, there are still opportunities for those who know where to seek them. As you previously mentioned, it was not challenging for you to earn over $780k in the past 10 months. Recognizing the need for a reliable and robust plan to navigate these challenging times, you wisely engaged the services of a portfolio advisor.

[@patrickbrussels4454]

@@Erikkurilla01 Throughout the entire year, my portfolio has experienced significant declines, prompting me to embark on research for alternative strategies to generate profits in the market. However, every approach I attempted seemed to fall short of expectations. I kindly request that you share the name of your financial advisor with us.

[@Erikkurilla01]

@@patrickbrussels4454 The financial operations were overseen by *STEPHANIE KOPP MEEKS* , whom I discovered and contacted after watching her interview on CNBC. Ever since, she has been instrumental in guiding my entry and exit points for the highlighted investment opportunities. If there is a need for tracking or further information, an online search can be conducted.

[@patrickbrussels4454]

@@Erikkurilla01 By simply copying and pasting *STEPHANIE's* full name into my browser, her website promptly appeared. Your suggestion has saved me countless hours of tedious research, and for that, I am truly grateful.

[@idontcreatecontent741]

The reason demand is so high is because as of 2022, investment companies own about one fourth of all single-family homes. Corporations SHOULD NOT be able to own single-family homes.

[@katsmenagerie106]

This is really interesting! I live rural and affordable rent is almost nonexistent in my city. Mortgages are about 1/2 to 2/3 the cost of renting a house of equal size. As it's a college town, my theory is that there's way more demand for temporary living, and so they can gouge the prices for students who have no other choice. I've been trying to rent, but it's insane. There was an open house on one rental property, and all but one of our other picks rented before we could even get a showing.

[@WarpedTrekker]

In my neighborhood around Austin,TX, all of the houses are being bought by huge investment firms and rented out. This shouldn't be allowed. Also a lot of people from outside the USA buying up land in Texas, which should be stopped and reversed.

[@mowthpeece1]

I don't disagree, but Americans have been buying up land in other countries for ages... that doesn't seem to bother us much...maybe now we can see what we've been doing to others. I don't know if their economic conditions are the same though, tough to say.

[@pennikershner6336]

Im.building in magnolia. Closing in 4 weeks. Worried..interest rate has jumped.

[@Fern_Thaddeus]

Amen Yes! You’re right !

[@gabbyk1391]

I'll believe it when I see it. Homes around here have gone up 100k in value in the last year and there are no signs of it ever stopping. How are people getting half a million dollar mortgages when they can barely afford their bills? I have no idea.

[@JourneyToABillion]

Doesn’t that sound familiar…? 🤔.

[@sterlingmarshel6299]

Baby Boomers have the most wealth of any generation - as they die off their money gets moved down a generation. The greatest wealth transfer in U.S. history is happening now.

[@Soriyou3]

I am a resident physician and it boggles my mind how expensive mortgage is these days. Even after I become an attending physician, my budget will not be as roomy. I can't even imagine what other people are going through right now. This economy makes absolutely no sense.

[@Unknown16537]

I work at a bank and just bought a small house with only 30k down. Its old but in good condition. The interest is high too but since the housing price is much lower than what we could actually afford so that the high interest doesnt impact us and is in fact about 1k cheaper per month than the house we were renting previously.

[@septimir5278]

Thank you for content that actually shows graphs and summary statistics to support your story--it is so refreshing. Sub'd!

[@xjumpmaster82]

I remember my income goal was 80k, then 100k, I now make 135k in SoCal Riverside area and there is no way I can afford a house. Ridiculous, basically too poor to own a house. Oh well...oh yea forgot to add this I am debt free with no car payment. Still unaffordable and even if it was it wouldn't be worth it.

[@amitgupta-rv1sh]

I was hoping i can move back to irvine; you are right now i cant no more afford to buy a house in Irvine….

[@elizabethblane201]

It has to crash. My kids have very good jobs and it would be insane for them to buy.

[@msjohns128]

I completely understand, money goals n still can’t afford a home

[@accountabilityupholder3819]

Yup I’m at 125k in Los Angeles and I’m renting for now.

[@certifiedfinest5065]

@@amitgupta-rv1shyou went to UCI?

[@RyGuyDCL]

This is SOOOOO helpful!!!!! The data is easy to follow and you describe it well enough for a rookie like me to understand. We've recently gotten to where we can save up money for a housing purchase but getting a good idea on when is the best time is a challenge for someone like me. I don't have a clue what factors to consider but this video has helped give me an idea of what to look for. Getting into a bidding war and paying over the asking price seems so stupid to me so hearing that the housing market may be shifting in the year ahead is encouraging. Time to set aside some money and be ready when the right opportunity presents itself! Glad to find this resource!

[@misterringer]

I hope you're right. In my area listing prices are 1-5% higher year over year, but a lot of price drops on listings that haven't moved. It's a mess. I think too much of the inventory is being controlled by investors, corporations and real estate brokerages, which is how they are controlling supply and inflating prices. Without legislation, they may be able to do this indefinitely.

[@jesse7jesse7]

Thank you Larry for your well thought out and put together video. I appreciate your input on the Airbnb and VRBO shadow inventory. This newer (past several years) way of utilizing what was normally residential RE has gobbled up inventory and made renters have to chase dwindling amount of affordable rentals like a game of musical chairs. Its unfair to both ppl who want to either buy or rent affordably. So let's see how things pan out.

[@Decentralized_Maze]

I'm involved in the real estate world and this was a phenomenal overview! Awesome job and thanks for educating people on what they need to know.

[@LarryCheungCFA]

Thanks so much - here to help the Community!

[@BorderTurrets]

Yes, the home "crash" has been on the way for about 2 years now. Glad I didnt listen to these people. I bought my home and my mortgage is significantly less than rent even with taxes and insurance. Best part about it all is no yearly BS lease renewals where I get smacked with a 200$ increase arbitrarily.

[@moniquemadrigal1568]

​@christianrojas2488 same! I'm glad I bought my house in 2021. I couldn't afford my house if I bought it today due to appreciation and higher interest rate. Crazy how people are still waiting for the "crash" and are now paying more renting. Every month, I'm paying less than I did on an apartment half the size.

[@danielkim672]

@@moniquemadrigal1568 Exactly, they were saying the same thing 2 years ago and TBH, renter advocates always say this. But they are comparing only year 1 of home ownership to renting. The prime difference is that people that buy actually live in the same areas that they bought the first homes for a long period of time, even if they trade up in homes. But if you have bought you were protected from inflation that effects rent severely.

[@HermanWillems]

Too many people want a housing crash, that also creates views on KZbin = Money for content creator. Reality: House prices stay stable or go up in 2024

[@hopeinajar77]

Thanks for the advice. I’m a first time homebuyer and the market is making me sick . I’m like who is buying and who can afford these ridiculous prices and you’ve answered my questions . I’m not buying anything right now , I’m going to stay renting . This market is making me regret considering homeownership as it truly feels like a over complicated scam 💯. No Realtor even offered me a first time buyer program . I mean really, where did the customer service and helpfulness disappear to. This all feels like a dream.

[@gregfawcett5152]

Read "The Lords of Easy Money". Everything is overvalued...

[@tmmoe9]

Literally experiencing the exact same.

[@hopeinajar77]

@@gregfawcett5152 will do . Thank you for this book recommendation.

[@hopeinajar77]

@@tmmoe9 You are not alone .

[@armygreenfj3924]

I wouldn’t buy a house now. The rates are high and you probably won’t be able to refinance later because you probably won’t have any equity if the prices drop. So you’ll be screwed if that happens.

[@mavismounds]

Thank you for the information. I've been going back and forth about buying a home, but I'll wait for now.

[@stevens1041]

I agree with your points. In some markets which have been hot for decades, I'm seeing almost no listings, and the few listings are sitting on market, being pulled, and being relisted again to appear new.

[@harmoni4499]

Very smart analyses on housing market! Thanks!

[@elizabethblane201]

Even it you're an all-cash buyer, it's still the worst time to buy. Why buy at the top of the market, where you'll pay the highest closing costs, taxes, and have the most to lose when prices come down?

[@billredding2000]

It could be "rich people" (however that's defined) simply don't care about any of those things, and if they take a loss if house prices fall (so their house is wroth less than they paid for it) they can absorb the "discrepancy" as they have PLENTY of money and again, don't care. But really, it's still true house prices will go UP over time -- they always have -- not down over the years, so the "temporary" ups & downs seen presently (and often before) in the housing market are much like they are in the stock market: If you buy a house NOW, be prepared to stay with it for the long term, not short, and you'll EVENTUALLY get caught back up house value-wise...and get some equity back. That is, if you buy NOW knowing the house is overpriced. As for interest rates, you don't care about the high rates because you pay cash (don't need a mortgage). This is just my guess though -- not being rich -- as I am "MOST PEOPLE" and DO have to worry about the things you mention -- the costs directly related to house-buying. So in my case, I'm NOT buying until late 2025/early 2026 -- have to wait as I'm not financially ready/prepared yet -- when I will have the best mortgage pre-qualification "portfolio" I can, and the only thing limiting me will just be my income...but not any auto loans, CC debt or any other such debts...OR low FICO/credit-scores. And in due time I SHOULD be able to build-up enough "assets" (cash on hand) to cover closing, etc -- those things lenders want to see (as *I* won't be paying cash and WILL need to get a mortgage). However, I need to see the mortgage interest rate fall big time: I refuse to OVER-pay ($1000-1700 more each month compared for just 2 or so years ago) on a mortgage so I wouldn't buy NOW unless I absolutely HAD to. I don't, so will remain a renter for the next 2.5-3 years. And if home prices/mortgage rates STAY high by then -- or go even higher (!!) -- will STAY a renter. Or maybe get a nice Class A motor-home or yacht to live in instead -- THEY will probably be WAY cheaper in comparison. ;-) -- BR

[@matthewturner4720]

All cash buyers aren't 5x leveraged like most other buyers (assuming 20% down)

[@toddb6576]

Precisely. If you have so much cash, it's not because you invested in overproduced stocks

[@robertjohnson4401]

Agreed. I am looking for a home and will be an all cash buyer. I do not want to purchase now and take a big loss when the prices crash. I have already been through that when I purchased in 2006. It took 10 years to get back to even. Not going to make that mistake again.

[@claudiocarrera9552]

@@robertjohnson4401 wow, when do you think will be the right time in your experience?

[@dr123hall]

Damn good presentation (no hyper emotional urgency) and very thorough calm and objective analysis! Best of Class for a market overview!! Dr.Don

[@411Scarr]

Thanks Larry! Glad to see you uploading again

[@mamalovesthebeach437]

Thank you for your well presented insights on the market. The median home price where I live on the Northern California coast is $1.7 million. The Airbnb and vacation home rental market has destroyed our community. People that work in our restaurants, etc. cannot afford to live here and commonly travel nearly an hour, one way to get to their job. My community is a bunch of old rich people with wealth of their own, but also familial wealth. It’s also disturbing to me to see how many second and third homes people have here. There are a number of them that just sit unused. 🤦‍♀️ Houses are so grossly overpriced here it’s nauseating. Can’t wait for the bottom to drop out and investors to bail. Hopefully this will make room for families and others that need a home.

[@OMIKAMI-RYUJIN]

No matter how you look at it, it will end badly for average Joes. The rich get richer and the poor get poorer. That’s just the facts

[@deaddevil7]

​@@OMIKAMI-RYUJINthere is a way to stop that. You just have to ask yourself what you are willing to sacrifice.

[@hugh261]

Isn't capitalism fun?

[@appalachiabrauchfrau]

hobos need to start squatting more in vacation homes and vacant foreign owned houses. Used to squat in a community where the landlord lived out of state, he refused to lower rent and would just collect money from application fees but never let any applications through, lotta vacancies, when he realized that his property was infested with hobos he did a quick 180 and afaik he didn't hold vacant inventory for longer than a month afterwards. If you're going to let a house sit empty you deserve a gutter goblin invasion tbh.

[@deaddevil7]

@@appalachiabrauchfrau let me guess: you are far left. I think you are far left given your beliefs about property.

[@rccalhoun]

craziest economic conundrum ive ever experienced (regular people CANNOT afford to move).

[@PinkFZeppelin]

Must not have been around long. This has happened in the 70s and 80s.

[@uselessvideo]

@@SigFigNewtonThis. Instead of financing a proxy war in Ukraine.

[@conduit242]

@@SigFigNewtonBoomers are too fixated on banning abortion and sucking the financial life out of their GenX caretakers

[@buzzpatch2294]

thx for your perspective

[@audiophileAJ]

One of the most clear explanations of housing data I've seen recently. Nice thesis. Thanks!

[@steveholmes1736]

This is a really fascinating discussion. At the local level I have a real estate agent who always puts his listings on his windows. In the past all four windows were plastered with the various listings, he and his five agents have at their firm. I stoped by the other day at the restaurant next-door to have lunch with my sister and mother. My sister asked me how is real estate here? I said well I don’t really know. We can go next-door and look at the listings that the realtor there has pasted to his window. Well we did and there was one listing. That’s right one listing. There is no inventory where I am at and very little building. Never really seen anything like it. Be interesting to see what happens in the future.

[@staywoke2198]

Idk. I’m about to buy a home now with a higher rate and plan to refi when available. I think waiting for rates to come down and prices to come down will result in more bidding wars and competition. It will take years, possibly even over a decade for supply/inventory to catch up to demand. And in the long run, real estate always appreciates.

[@nah6730]

Exactly what I was thinking

[@TM-li7bl]

Very good information!! 🙏 just subscribed!

[@kernzilla]

Just came here to say I appreciate your content format m8. Not overly hyperbolic, and clean presentation of info. This will continue to be valuable as we see fluctuations in the market, and the number of creators screaming at the camera saying the world Is going to end. Thanks again

[@IndependentPrettyGirlis]

That's dumb, I think each person just needs to do their own homework. I bought a house just a few months ago 5.7 interest rate. Great decision for me! Especially now that prices for renting homes and apartments are skyrocketing, so you'd be paying all that money into a place that you don't even own. And then there's inflation too

[@amarantagalindo758]

Housing prices are ridiculous in my area considering average income. They’ve almost doubled since 2021 and there is no hospital in my county anymore

[@jin6000]

Thank you so much for this insight!

[@BenDover90313]

Nice breakdown. Thank you

[@Goodchicken_lameducks]

I live in California, as of May 2023 the median home cost is $836,110. The median household income is $84,097. That's $7,008 per month BEFORE paying taxes. After taxes that is roughly $5,957 of "disposable income". 20 percent down payment to purchase a new home would be $167,222 (which idk a single person who just has that kind of money just lying around to begin with). 30 year fixed rate mortgage of 7 percent means your monthly payment will be nearly $5,200, including property taxes and insurance! Which means you have a whooping $757 dollars left in the month to purchase groceries, fuel, phone bill, utility bill, car payment etc. On top of that the feds are going raising the interest rates again at the end of the month. There is no way anyone is going to be able to purchase homes like this. The only thing that is keeping the market up is the fact that most people who already have mortgages, are on a fixed rate rather than adjustable. Buckle up folks, the housing market crash is coming real soon!

[@kg2293]

I also live in California. It’s rough out here for sure, but it really has been this way for a long time. California real estate has always been brutally expensive. As Californians who live on a wage of $100,000 or less really need to start embracing other avenues of saving and living. We should not be thinking all we can buy is a single family home in a nice neighborhood. It just isn’t going to happen for most of us. I bought a 1b1b condo for $400,000 in the Bay Area and it isn’t perfect by any means, but it gets me to ownership faster. I would love to grow out of this place at some point in the next 5 years or so, but we Californians need to remember that most of us can really only afford a 1-2 bed condo, at least as a “starter” home. Good luck to you! It’s tough out there for sure, but you can do it! Don’t wait for a crash. These “experts” don’t look at reality. People have been calling for a crash since 2017-18, and strongly again since the pandemic. It just hasn’t happened, and people continue to buy and buy. The longer you wait, the more you lose. Don’t be fooled by this “data.” Look at reality. You can do it! Good luck!

[@Goodchicken_lameducks]

@@kg2293 Oh I have a home already. This is just the facts of how things currently are. If I was trying to buy a home now this is the battle we would be fighting. Now I have to ask, I'm 30 years old. How do you expect the next generation, say the 40 year old's and under to afford this kind of living? They are the generation with the most student debt as well. Which is coming back in a couple months. A 1B1B condo might work for you but people who have kids or want to have kids shouldn't have to be stuck with renting or a 1B1B condo as their only option. You can change your mindset about it all you want. This is not a sustainable future. Plus, I would also like to argue that the homes being bought currently are being bought by foreign investors and massive corporations who don't need a housing crash to afford homes when they can turn around and rent them to cover the mortgage until it's paid off. Then the politicians will raise property taxes on us and pretty soon our kids and grandkids won't own a damn home in this state.

[@kg2293]

@@Goodchicken_lameducksI agree with you 100%. Every year we continue at this pace, it pushes the next generation into a new level of trouble. I guess I’m in the camp that says it unfortunately doesn’t matter, because that’s how it is. I’m not condoning it or agreeing with the idea of it, but it is just that way. It’s up to us to educate the next generation to understand what their struggles will be around, and to make sure they don’t get student loan debt unless they have a degree that can actually bring in enough money to offset that cost. Also to avoid the horrible pitfalls of consumer debt. When it comes to housing, you absolutely can have a family in a 1b1b condo. Just because we think we need more or deserve more than that, doesn’t mean we can’t do it. People in underdeveloped countries make do with substantially less than we do here. Many of them would be over the moon about raising 3 kids in a 1b1b. We just have a higher standard of living here so we assume we should be living in bigger homes. Even here, some families live in cars. I’d rather raise a family in a 1b1b condo than a car. I’m not saying this is good, or right, but it’s how it is whether I want it to be that way or not. We either adjust to our new reality or we fall behind. It’s very likely the next generation will have to settle for much less home in order to be able to afford ownership. I hope that’s not so, but at this rate, it most certainly will be so. Most Americans are also atrocious with their money as well, so that lends itself to the disconnect between real estate prices feeling out of reach. Someone saving diligently on a reasonable income level for their specific area should be able to save for a down payment at the bare minimum within 5-10 years. Most just spend it all on crap though. We will see how the next generation goes though!

[@kg2293]

@@Goodchicken_lameducksalso, in regards to foreign investors and corporations buying, I personally think that shouldn’t be allowed for an almost infinite amount of reasons. We definitely agree on that as well. Unfortunately it will continue to be that way though unless something changes. I’m not banking on that though. To many lobbyists working for them to keep it that way. It’s an unfortunate hurdle we must all deal with.

[@livetoinspire3985]

You got it right!

[@johnsmitht11]

It's amazing to me how bad it gets for the average person (of which I am one, and pretty much have no hope now, which is really an unusual experience for someone who always had it regardless of what life serves up), and yet there is almost no substantial political change. Just changing the labels around every couple of years. I guess people wait for the news media to tell people what's bad, and what to do about it, before people do anything. And even then, it's just a label change. How can anyone say there is an "American Dream" at this point, when the average person can't afford a house to live in, in an area with a decent job market? With 9% inflation rates, and housing prices that go up over 30% in 2 years, how are we supposed to know what anything is even supposed to cost? It's like the very concept and meaning of money is broken. The last time rates were over 6%, in 2000, the average home price was around $140,000 ($240,000 CPI adjusted). Now it's $400,000, at the same interest rate. Nothing is making sense now.

[@manflynil9751]

Larry, thank you for your amazing research and presentation. A delight to watch your content. Very polished and professional. All the best to you. Cheers from Australia.

[@mortgagejeanie]

One of the most intelligent videos I have viewed, very granular approach of what is to come. End cycles usually catches us off guard.

[@tammywilson6030]

We are already in the big crash, Inflation is a catastrophe. This CPI report is a colossal failure. To bring the housing market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated.If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.

[@fredalexander1636]

If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you, prevent inflation from eroding your savings, build generational wealth, and cultivate good habits and financial knowledge, you must be in the market.

[@Stephanieskryzowski100]

You are right! I diversified my $550K portfolio across various market with the aid of an investment advisor, I have been able to generate a little bit above $1.4m in net profit across high dividend yield stocks, ETF and bonds during this red season.

[@Stephanieskryzowski100]

My advisor is "Janet Santa Sherry" In terms of portfolio diversity, she's a genius. You can glance her name up on the internet and verify her yourself. she has years of financial market experience.

[@riffism]

There are only 2 things that will bring prices down significantly: High unemployment across all sectors of the economy, or a massive uptick in new builds. We have too few homes (by roughly 2.5 million units) to quench demand.

[@HugeJackedMan798]

AKA - This isn't going to happen. A lot of these videos / posts are just young people desparate to get in on housing and praying it's doomed to fail, but 2008 isn't going to happen again, low interest rates have people unwililng to sell = demand rises and prices follow, especially in HCOL areas.

[@riffism]

@@HugeJackedMan798 absolutely correct. I mean, I’d LOVE for 2010 all over again because I’d be snapping up properties like crazy and make a few million within 10 years…but it ain’t happening. We’ll get a modest pullback to the mean price in the areas that had the hottest markets over the past 3 years. That’s as good as we’re gonna get.

[@hughforster]

Nice to see others who understand what is going on. People are desperate for a crash, but they’re falling further and further behind as prices continue to go up.

[@scrapping4shiba]

Wrong. The coming housing crash is inevitable. What's coming will be 100 times worse than 2008.

[@jenjenjen123jen]

I absolutely agree with this.

[@BeMyVforever]

Well put together with data!

[@RobotsCanDoAnything]

Larry, excellent commentary. You have a new subscriber here. Thank you.

[@aureliobjm]

Currently working overseas but will return to my home country in the near future. I'm a landlord. I invested in property at the age of 22. Value has soared and renting out. Will live on the rental income I receive and live with my aging parents for the time being. At 60 I can withdraw from my superannuation (401(k)). Have savings and eligible for the Australian pension at 63. In the future I may downsize, sell the property and buy cheaper property and add the left over money from the sale to savings. Lots of options for me. The way I see it if you have $1m at some point, that’d be enough to create a portfolio that would pay you between 50k-70k in dividend income...

[@Bezosjesss]

I've been saying the same thing for years as you age time gains value and money loses value. I retired at 62 and moved to the Philippines after I recovered from a work place injury. No stress, no rent/mortgage/debt, cheap to live here, eating healthier and the wife here treats me like gold. It doesn't just depend on saving, To optimize financial outcomes, individuals can seek guidance from a qualified financial advisor who can provide tailored advice and strategies to minimize expenses and maximize income.

[@georgeh.5126]

@bezosjesss I completely agree; I'm 60 years old, recently retired, and have roughly $1,350,000 in outside retirement funds. I have no debt and very little money in retirement funds compared to the total value of my portfolio over the last three years. To be honest, the Fin-advisor's can only be neglected, not rejected. Simply conduct study to identify a reliable one.

[@gatesbev]

@georgeh My husband and i just had a relative conversation this morning. This is exactly how we wish to get our finances coordinated ahead of retirement. Can I get access to your advisor?

[@georgeh.5126]

@gatesbev Sure, the advisor that guides me is HEATHER LEE LARIONI, I got to know her through my wife. It's my wife that has her contact, but you could further investigate her credentials and contact her yourself. She's well-grounded and known, shouldn't be a hassle finding her page.

[@gatesbev]

@georgeh Just copied and pasted Heather Lee Larioni on my browser and her page popped up immediately. I think I may have seen this name in some reviews, but I'm not sure. We'll keep an eye on her. thank you for saving us hours of researching.

[@KDamit85]

There won’t be a crash. The only reason why we had one in 2008 was because of subprime loans - that’s not the case now. Once rates go down you’ll have more sellers in the market, in addition to buyers that have been on the sidelines. Prices will go up, but the lower rate will somewhat balance it out. I worked in mortgage banking in 06, now a buyers agent in SoCal.

[@Galileo9.81]

I absolutely love your contents man

[@jessewallace12able]

Thank you for your video.

[@CarolineLody]

beautiful and well explained. The US stock and real estate market is something everybody should exploit. There's a lot of potential and I am seriously considering going into one of them. I have been confused on the better option and where and how to go about this. It's becoming too much of an opportunity to pass on.

[@FaithMotasi]

@MitchellWelch-pz4eo Your insights are practical and accurate. I've also been involved in both for a while, and while I haven't lost a fortune, I've squandered a significant amount. You mentioned using pros, so if it's not too much trouble, could you share who you used or recommend a good one? I could really use some help right now. Looking forward to your reply.

[@Danielucas17]

@MitchellWelch-pz4eo Haha, couldn't resist following this thread out of curiosity, and guess what? I know this funny man! Ran into him at a fundraiser. Serious-looking dude with a hilarious accent. But, hold up, he's in the States now, so I'm not sure he works with non-residents. 😄

[@susanjannarone135]

I’m happy to start watching this channel because it is very fair and balanced. I have tired of listening to David Ramsey rants about how right he is and I am also tired of listening to the crash concept. Your presentation is very accurate.

[@sterlingmarshel6299]

no YTuber can predict anything. This is just biased information based on his wishes and hopes. Stats are cool but can be manipulated to fit any narrative. He doesn't know all markets nor could he. Real Estate is so regional

[@Splenda2021]

Thank you sir this is a great service to us

[@theavenue7149]

Very good so informative!

[@cjtsn466]

In New Jersey even though sales dropped by 30% prices continue to rise.That is largely due to the low inventory available in the market.We have checked quite a few houses to buy but almost all went 1%-10% over asking.

[@cruelreality7600]

Same, can’t find a house here in NJ.

[@flawlix]

We’ve been house hunting since 2018 and thought high interest rates might reduce the competition. Instead, we’re somehow still competing against cash offers for even more limited inventory.

[@phaktratry7510]

Your insights are amazing 🎉

[@Galileo9.81]

Thank you for the much needed report and analysis.

[@SashaStowers]

Affordability is relative. No one says that the price of a Maserati or fine art must go down because it's unaffordable for the average American. It is affordable for the type of person who can buy them. For decades, the only housing I've seen built are high-end luxury apartments, condos, and homes. These are not targeted to ordinary people, which is why half of buyers these days are in the top quarter of income earners.

[@sorbabaric1]

Yep. Look at the average size of a new home today, vs. the 1950’s or 1970’s. When I owned an older home in Southern California, a nearby newer home (4 bedroom, 3 bath) had a monthly electric bill larger than my house payment.

[@Hawtload]

agreed. 80%+ of the new homes in my area are all geared towards profit, not affordability.

[@chupaperro4]

The housing market in my opinion is being affected more by realtors and lenders. First time home buyers are being encouraged to bid over asking price just to secure the purchase. As a result of this house prices are going up not by intrisic values or fundamentals but by emotions.

[@RobertBrunnerBREG]

Realtors can't affect supply and demand. If a buyer can afford x. No Realtor in the world can make them pay x + $10,000

[@Ryan-wx1bi]

​@@RobertBrunnerBREGyeah.. and car salesman don't convince people to overpay for a new car. Of course a realtor can convince someone to overpay

[@SFBayAreaRealEstateTalk]

LOL

[@ChelseaMcAllister]

You have no idea how the housing market works. It isn't realtors as much as it's the sellers. We can only list the houses at the price that the sellers want. We don't have any control. I have several sellers right now that want $20,000 - $50,000 over what the property is worth. They won't listen to reason or the supporting data. It's all greed.

[@RobertBrunnerBREG]

@@Ryan-wx1bi When you buy a car you don't have to get a bank approval and appraisal. Banks will not finance homes that are over priced.

[@davidbryanbartlett4071]

BRILLIANT DEDUCTION !

[@5DNRG]

Excellent assessment of this market now! Thank you.

[@marthisonyoutube737]

The fact that allentown, where i lived was mentioned blows my mind but youre spot on. It all sells for cash after a day or 2 in the market. I have 80k cash for a down payment to get my first home and everyone always buys me out in full. It sucks

[@QuantumKitty]

Same! The inventory is so low here we were looking for a 2 family. 0 inventory.

[@jeanieolahful]

We bought our row home in 2016 for $85,000, it’s now valued at around $195,000 at least. Our old apartment was $695 a month, for a 2 bedroom, it’s now renting for $1250 (the landlord sold to a property management). Who knew? Grateful we bought when we did. Ironically, it was on the market for years!

[@nichols5j]

if i had access to a house for 85-190K id buy 3 right now

[@Maxime-ho9iv]

Yea well, don't ever sell because you'll discover it is not worth those $195k.

[@jamescarter73]

This answered so many of my questions! thank you for this informative video im going to refer this video to a friend currently looking to buy a house Thank you!

[@SparkFinancialGroup]

Thank you for sharing this video and shedding light on the current dynamics in the housing market.

[@taus_ahmed]

Crash depends on region too. In the SF Bay Area, it is unlikely to see a crash because buyers are so cash/asset/stock rich. Seems everyone here is holding onto cash and waiting to buy as soon as interest rates start coming back down. Home owners have no reason to sell right now (locked in at low mortgage rates) hence low inventory. It all comes down to unemployment. As long as unemployment is low, housing inventory will remain low, and home prices will be stable. All barring a black swan event...

[@thesummerland6165]

I see declines, and you're forgetting Airbnb hoarding all housing

[@kg2293]

@@thesummerland6165when you say declines, what do you mean? A decline in growth, or decline in actual price? An actual noteworthy price decline (like 10%+) is really unlikely. The Airbnb sellers will just be bought by someone else who will either live there, or use it for long term rent. People have been calling for a crash for 7+ years now and we just keep seeing prices go up. Data evaluation and reality are two different things. We could all do better to look at reality more than data. Reality shows absolutely no reason for a decline in price, other than unpredictable circumstances like a war or something along those lines. I say if you have the ability to buy a home, you should buy it. Absolutely no way to predict a crash, and even harder to predict the bottom. Just buy and hold. It’s the only apparently guaranteed strategy to this point.

[@user-ic8oy1gx9g]

Great video, but I have a question. Does this mean this is a good time to pull equity out of your home before values drop?