Housing Market Update: Home Prices Reach a NEW RECORD HIGH!

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[@clearvaluetax9382]

Home Prices have now reached a new record high! This video will help you see how much home you can afford: kzbin.info/www/bejne/iHuonGyjfJp9fq8

[@Chino-bk9fd]

more sellers incoming, credit card debt at all time highs rn

[@ErnestOfGaia]

I think it would be interesting to know the amount of homes destroyed by weather related events and wild fires. I posit that that is and will put increasing demand pressure on housing.

[@Chino-bk9fd]

laughing in zombie mortgage debt

[@Moonless6491]

half a million dollars for an average home is insane.

[@huynguyentoantin]

that the median price in my area (MD)

[@misspiscesdreamz]

Below average homes in my area. Those homes normally are

[@Chad_Max]

Yeah, but people are going into major debt to afford these homes. You're starting to see big cracks in the labor market and foreclosures are picking up. These are disturbing trends and things are looking more and more like stagflation from the Carter era...

[@ryantrott9529]

500,000 isn’t worth 500,000 anymore thanks to inflation

[@DeportillegalAliens]

Cincinnati suburbs 250k will get something good

[@QuangNguyen-of9rl]

The American Dream pre-2020 was to own a home, the American Dream now is to survive.

[@aharonwhitman9488]

Democrats destroyed this country.

[@TL-rh1lf]

south east asia is the new dream

[@ajg8722]

The American dream is to leave

[@janicesmith8946]

Because of democrats

[@Gr8Incarnate]

@@janicesmith8946 Wrong, both sides are in favor when it comes to increasing the debt limit. Your side is worse, they claim they're against it but still vote for it.

[@RetroArcStudios]

I have a 2.8 percent mortgage and am selling my house in Texas. Only reason I'm selling is I am moving to another country

[@curtphillipps7830]

You should owner finance at 5.5%

[@PonyboyPanchorello]

Hopefully one day I'll check out overseas too, but I'll keep the house to fund my retirement.

[@erika8884]

Same here. I'm done with the US.

[@basedblueboy8770]

I'm also leaving. Where you guys going?

[@stephenbender7593]

You'll be back.

[@michaelvitelli3561]

Sell your home for big bucks and then what? Buy another one for bigger bucks. NO

[@reedre6177]

Yeah funny right

[@BPoweredLove]

Rent until prices come back down. Oh... you think, like Brian, that they'll just keep going up. Nope.

[@qm804]

​@@BPoweredLoveso you're an expert too?

[@BPoweredLove]

@@qm804 smh. It's just common sense.

[@jiehe5385]

Rich people hold too many homes, while new middle class can’t buy their first home. Congress should raise the real estate taxes and give the tax credits to primary residence homes owners or renters.

[@RadarFire19]

I'm pricing vans to live down by the river

[@christinah.8504]

you made my husband bust out laughing.

[@heidi22209]

Scoot over..

[@Steve_Takes]

🤣🤣🤣🤣

[@carey8250]

Floor to ceiling sliding doors...

[@aidantech]

It’s pretty nice my man. I’m doing van life and have no regrets. Vehicles paid off, tiny monthly overhead and expenses. It’s great

[@bryanwiththeheart]

"I do not believe this qualifies as a housing market crash, but that's just my opinion". This running joke of yours made me actually laugh out loud. Love it.

[@CULatte]

I would buy merch with that line on it, lol

[@Lumpia_In_Texas]

Crash bros still preaching the same thing since 2021. Sucks for the people that listened to them. Now they have to pay more and the interest rates are horrendous.

[@imwrongbutlisten]

​@Lumpia_In_Texas just wait

[@elivasquez5976]

@@imwrongbutlisten womp womp

[@TuuuLeee]

been hearing about this crash since before 2019 actually.

[@ericdean2525]

Low inventory, inflated prices, 7% interest rates,…Brian don’t forget lower quality. Builders don’t build like they used to. You’re paying more for lower quality.

[@jayshartzer844]

Brian isn't mad just perpetually disappointed by idiots

[@Countcho]

exactly, thats why i like him

[@oshitomaha]

Brian is making money off of you chumps. Bad news sells and Brian knows it. He’s a very smart guy.

[@iangreer4585]

@@Countcho How he’s able to keep his cool is genuinely something I wanna know. I’m impressed.

[@BPoweredLove]

Punctuation is your friend.

[@TheDavebala]

The idiots are assuming the markets only go up. 😂

[@titanium7675]

I should have bought a home when I was in kindergarten

[@mirsaes]

Slacker

[@jonathancharles21]

Under-rated comment 😂

[@managingmonasmoula9811]

😂

[@reinamontejo4228]

Me too😂❤

[@Uncutslots]

No slacking here. I was already building homes in my childhood...log cabins. Now I get to rent one. Life is just great...

[@DerkuiDerkui]

The American Dream is officially dead.

[@marvinjohnson8342]

Died in the 80s. Sadly missed by all

[@MrJwyne]

Was only for early settlers in this monopoly game.

[@JS-bn4vx]

It’s been dead since the 60s

[@2savage31]

It’s been on life support, they finally pulled the plug

[@DeportillegalAliens]

​@@marvinjohnson8342died in the 60s

[@catherineburkehomes]

It’s not just supply and demand in the purchase and sale market, the cost of construction materials is up 20-40%.

[@leonardor1605]

Exactly, we need deflation not just fed tax cuts.

[@bradhaines3142]

​@@leonardor1605that's the problem with the fed and their targets. all they 'aim' to do is drop inflation to '2% target' but that doesn't fix all the damage already done. which is why it's still going to collapse either way, just not as fast

[@Metal_Stacking]

Money supply went from 15 trillion to 21.5 trillion in 3 years.

[@michelefiore4017]

Good point

[@HumansAreBots]

@@Metal_Stackingliterally the only reason any of this is happening.

[@rachelbrady387]

Investment firms are still buying keeping supply low. That also increases property taxes and insurance rates. It's a win for all the big businesses. While is average buyers are totally priced out of the market.

[@clearvaluetax9382]

Yes, their level of buying is still at above-normal levels. You are correct when comparing against the historical data.

[@user-pj6bl5md5r]

​@@clearvaluetax9382investment firms HAVE to keep the bubble going. So does our govt. We are witnessing the collapse of the debt based system.if actual price discovery is fully unveiled every local and state govt collapses. They got so big during covid they need property taxes to continue to rise or its game over. At this point all of the wealthy fully u derstand this. Taxes must go up. More Inflation the older debts get erased and taxes go up. Maybe I u derstand this wrong. But that's why I watch. To learn

[@janicesmith8946]

Investment firms should not be allowed to buy single family homes.

[@Gr8Incarnate]

@@janicesmith8946 Capitalism will disagree.

[@bibby3027]

@@Gr8Incarnatethat would mean the majority of americans disagree with capitalism

[@AliM-hi3mb]

Too many bad news these days that I can even handle 🤷🏻‍♂️

[@JB-pe2yn]

It's actually very depressing

[@PCRyder]

Itll get better. It gets Darkest just before Dawn

[@user-pj6bl5md5r]

​@@PCRyderoh were not even close to the bottom. Just imagine if Biden gets elected again.

[@momomama2510]

@@PCRyderwe’re actually fooked. I can’t see how this could get better in the future with all the printing and with AI.

[@Francisco-po1cf]

Actually it’s good news

[@etvow]

Oh god... how will my kids ever afford a house in this freaking country

[@jogmas12]

Just gotta make the bucks

[@xcqematic1]

There are still plenty of buyers, meaning there are high paying jobs. Make sure they work hard in fields that pay good money.

[@marvinjohnson8342]

Its simple. They won't

[@marvinjohnson8342]

​@jogmas12 my boss said inflation is keeping him from any raises

[@judymckee5992]

In any country, unfortunately comparing to their income unless mom and pop gave them down payment.

[@iammireyaa]

There’s a lot of ppl living in their cars and around parks. Is just insane !!

[@reedre6177]

Disgusting homeless

[@d.4201]

And in Walmart parking lots.

[@clammerify]

No way Potato Head Joe said Americans are thriving.

[@waynv1835]

meanwhile feds/state/local governments are paying billions to house illegal immigrants and give them spending money on top of that AND spiking the tax code so corps hire them instead of Americans (and even fire americans to hire them? not sure on that one, prob)

[@nkaujntse5196]

My garage door cost me $2000 to replace in California. Installer told me it used to be $350 before covid.

[@marspalk7611]

Just repiping one of my friends home , and that is one bath, laundry, kitchen and water heater cost $18000 dollars. This 2 bedroom and one bathroom small home. It need less then 150 linear feet of copper L pipe. Go figure that.

[@trisha1989]

My garage door was $3200 in March 2021

[@HammsterMusic]

blackrock will get us all somehow

[@TomTom-du5qv]

5 year time span. Neighbor's home was worth $200k, My neighbor was a hoarder, forced to sell her home and got $90k for the home in bad condition three years ago. The company who bought it fixed it up then sold it to another older lady for $330k, sadly she passed away and their family kept the house unlisted for a year. They just put it up for listing and it's now at $430k. SHEESH.

[@YahiaHegazy]

That's why I always ask for the appraised homes value...

[@jondoe6926]

And the sad part is, somebody will probably buy it out of force.

[@charchark365]

Crashy Crashy crash crash.... Appreciate you for the truth rather than all the crap these other click bait channels are putting out...

[@user-fo4bz2sw5e]

How in the hell are people supposed to afford these high property taxes?

[@mirsaes]

They aren't, they want you OUT!

[@downrightmike]

End up like Detroit people who rehab homes to live in, then get foreclosed on, so the local gov't can sell to investors at 5-10x the original value.

[@handlemybiz]

That's why local governments are letting it get out of control. Home values in my area have gone up 50-70% since 2021 (I have the data to back it up). This means taxes on these inflated home values are going up. Boom, every one, investors, politicians..., are making more money.

[@vandydandy2697]

People on KZbin saying housing is going to crash the last five years make money from saying it’s going to crash because that’s what a lot of people want to hear

[@bryanreyes2225]

At this rate, the homeless population will increase….GREAT AMERICA!

[@teaadvice4996]

It has been increasing where have you been

[@Jack-fr9bk]

Due to drugs ​@@teaadvice4996

[@d454b]

You do know the homeless problem is primarily about drug addiction and mental illness right?

[@bryanreyes2225]

@@teaadvice4996 On Earth..where have you been Idi*t.

[@bryanreyes2225]

@@d454b Of course Albert Einstein.

[@alphalight1469]

Housing crash isn’t happening. The rich keep hoarding and buying houses and renting them out. Also a bunch of land is being used as apt complexes rather than home neighborhoods since it’s more profitable. Homeowners are afraid to sell since it’s comfortable to have no mortgage. New homebuyers will either be extremely ripped off or have to rely on apt housing.

[@rachegreenrg]

It's 26 millions of empty houses in US nobody lives at. But they still pay taxes and maintenance costs. They will start unloading this rotting plywood boxes soon.

[@TheDavebala]

You basically explained why the crash will happen.. 🤦‍♂️

[@hangguy209]

Extremely ripped off is an opinion. For them, maybe it's not. Because 10 years later, the same home they bought would probably double in price.

[@NB40594]

Thank you, Brian, you’ve been reliable for years.

[@clearvaluetax9382]

Hi NB40594! Thank you for the years of support! I appreciate it so much!

[@oneunderall]

Investors buying single family homes to rent! New build rates not only don't accommodate the demand from first time buyers, they don't accommodate the additional demand from investors.

[@conchobar]

The cost of living was far cheaper in the early 80s and banks offered high interest rates for basic savings accounts and CDs. A 3 month CD in 1981 yielded 18% interest.

[@decadeyt5891]

wow

[@d.4201]

Which comes out to 4.5 % for 3 months as 18% is probably an APY. Annual Percentage Yield which means for 12 months.

[@alittleofthisandthat8003]

That is awesome

[@maxwellzanarotti7884]

This is why it’s important to understand statistics. If the transaction volume is low and the expensive markets are the ones selling then ofcourse the avg price will be rising

[@ms.b9093]

Largest % of homes selling at or above list in my market are in the $800k- $1.5 to $2 million price points. Homes over $3 million are sitting and inventory stretches from 6 months to 12 months plus! The most loan dependent price point are $700K and below and are taking longer to move. Homes that show well and are priced well are still selling quickly and for over list price in the most popular neighborhoods!

[@paulch5656]

💯

[@jonathanmack6285]

He took median….not average. Learn to read

[@soquick69]

If you understand volume the median will move towards the higher end where interest rates have much less of effect because these people can afford it. Look at median prices of new construction down 20% plus. That's with rate buy downs ect.

[@bonappetek]

I hate all of those “Don’t buy, housing crash imminent” KZbinrs. Anyhow, thank you for another great video, Brian.

[@joefuentes2977]

They always seem to forget the million times they were wrong and all the people that lost our big-time by listening to them but hey, once they get it right, they'll be on the "told you so" card for the rest of their frickin life like they're so smart 😂

[@nKm-2023]

​@joefuentes2977 You dont buy at the top. It 2005, 6, 7 and 8 they all said "buy buy buy" all the way up to the crash, those people lost everything. It's no different now except the gov is giving out fake numbers to keep the housing market afloat so they have full control over WHEN it crashes, my guess is right after the election.

[@justSTUMBLEDupon]

I’m not buying an overpriced house. I’ll just stay in an apartment than buy a 2 million dollar home that was 1 million 5 years ago and is literally 100 years old.

[@3rdgendodger330]

I just don't understand the hoopla with cutting rates , the problem is prices period! I say raise them to 10% and let the chips fall where they may

[@nKm-2023]

@@justSTUMBLEDupon I'm diamond handing my down payment savings until the market crashes or rates double.

[@johnvetter2004]

2.75% here and not going anywhere!!!!!

[@ms.b9093]

The reason inventories will remain historically low and prices high!

[@6speed818]

I'll be buying cash. So it doesn't matter to me.

[@Gia_P.]

​@@6speed818GL, keep waiting , and wait more. My 401k needs u to keep renting.

[@CrossroadWater]

Step 3 : Get the Federal government to get off its ass and take measures to prevent institutional ownership of large swaths of residential housing inventory.

[@grimaffiliations3671]

large swaths?

[@user-zb7tg5hi3t]

Congress is in bed with Wall Street. Going to be tough for the to pass legislation

[@alexhurlbut]

@@grimaffiliations3671 some companies are buying up whole neighborhoods of housing

[@Hrjekkrjfbneemskjfjennwmakkf]

Local areas need to amend tax laws to focus on taxing properties owned for seeking rent rather than for primary residence. Our government is so slow to address issues

[@BOBO-ti2rm]

The federal government is in on it!!😂😂😂 Wake up

[@Dstromb232]

I built my 2800 sq ft home for 150,000 7 years ago. Yes, I did build 70% my home myself, I did buy the property or land 10 years ago. Now I can sell it for over 450,000 dollars. I do not care about home interest rates because I have the cash to pay by cash. I just feel sorry for new home buyers. I am making 5.65% interest on my CD,s.

[@JP-uy9kq]

Which bank?

[@brienkliver6528]

There are a TON of sellers in my town. What I think is happening is that they all have paid off their mortgages and are now trying to get as much as possible for their homes because it is a sellers market and are willing to downsize to an apt or condo. Lots of old people in my town!

[@troya.6985]

My mortgage rate is 2.4%. I will never going to sell my house.

[@QuestionHouse]

To get people to sell their houses...limit foreign and corporate ownership, raise taxes on second homes and airbnb units. There's not a shortage of homes; There's a misallocation of the existing housing inventory.

[@QuestionHouse]

Also, love your style that I would describe as "elegant exasperation" It works. I've learned alot from you. Thanks!

[@ThatOtherRaccoon]

Brian thanks for the update!

[@clearvaluetax9382]

It's my pleasure That Other Raccoon! Happy Monday!

[@rosebloom2518]

Happy Monday Brian! Have a delightful day!☀️🌺

[@clearvaluetax9382]

Happy Monday RoseBloom! I hope you had a great weekend!

[@MrJimEarnest]

You are exactly right. Our first home in 1980 was a new build 3/2 on am acre of ground for $60k. Interest was 13% but we could afford the payments because the cost of the home was so much cheaper. Zillow says that house, today, would sell for over $300K.

[@pawelek7]

I know every market is different but I look at the housing inventory everyday since 2020. In 2020-21 in my small town there were 20-30 houses for sale today we have over 300.

[@avenger1212]

Texas?

[@pawelek7]

@@avenger1212 Washington

[@ms.b9093]

Over built new construction? TEXAS?

[@pawelek7]

@@ms.b9093 Washington. New+existing

[@basilman121]

House sales are localized

[@scottp5262]

Of course there's more demand. No one is building houses only apartments

[@1UchihaItachi]

US dollar is losing value; not the house prices are up

[@kylehill4437]

You are my favorite KZbin find this year. You explain things so well. Thanks

[@pamelagriffiths5248]

We have empty new homes and more being built in lower Alabama Baldwin County. No one is buying or they can’t afford them. Hard to say which it is.

[@paulastrawser3363]

I'm sure millions of new comers who need housing have nothing to do with it

[@reedre6177]

Here we go Paula go cry somewhere else racist

[@joshhoward1289]

That’s why corporations are buying up houses. Government is paying top dollar to house illegals.

[@mirsaes]

You mean your replacements

[@TheFattestDad]

Thanks for your straight forward reporting

[@DixiecratDemocrat]

You know what's extremely infuriating being a 1st time homebuyer looking to purchase your forever home and some asswipe comes along looking to buy for the 2nd, 3rd or 4th time and outbid you. 🤦🏽‍♂️🤦🏽‍♂️🤦🏽‍♂️

[@TRC19999]

Crashbros punching air after watching this one

[@TheDavebala]

Eh. We'll see. 😂 inflation is going up.

[@jmanakajosh9354]

Tax hikes of local property taxes can also cause people to sell their homes.

[@robertjones2282]

Prices are going up but ....How fast are they selling ?

[@mpconstructs6048]

exactly, most of them are not selling.

[@AntonyP24]

My friends sold twice in three month. First sale person pulled out while in escrow. Second friend sold his house within 2 months.

[@Francisco-po1cf]

Homes in the north east are selling quickly.

[@robertadams1558]

In Ohio they are selling fast and 50k above asking 😞

[@hospitaladministrator3359]

Probably not very fast, but they’re probably going to investors or being rented out in the meantime.

[@rocketj7449]

People have come to realization that there will be no crash, and are caving.

[@Garabins1]

At this point it makes more sense to leave the USA. The American dream is dead. It’s not going to get any better.

[@TheDaliyBuzz]

It's not going to get better, only worse! People who deny it, don't want to accept it.

[@Kiss-qz2oj]

Thanks for the info. Have a great day 👍

[@roncedad7032]

Never giving up my 2.7% mortgage.

[@heidi22209]

Never? Hopefully you don't ever have too.

[@benzun9600]

smart, never do. locked in for life

[@robertjones2282]

Never giving up Our inherited property under CA prop 13.

[@noonan395]

2.99 Same Here new Build 2 years old

[@oSnapMillerTime]

Biden will give you 10K to sell it and take on a 7% rate lol

[@VideoRealmMedia]

I think we all know why this is happening....

[@Election-sv6ok]

Why

[@SuSpicious9748]

Why?

[@grimaffiliations3671]

strict zoning laws that artificially constrain supply

[@tachyontee3877]

Blackrock and the like is why. Corporate America

[@tuckersmith8560]

@SuSpicious9748 The people who have been here (in America) for multiple generations are being pushed aside for others.....

[@Godgotmealways]

Thanks Brian for all you are doing been rocking with you since 2020❤

[@mibox8302]

I bought in 22 and I assumed my house would not go up in value, I assumed I bought at the peak value. Today @ 5/20/24 it has gone up 100K , but I could care less since I am not selling for at least 10 years .

[@jogmas12]

People moving from California but home prices here are still sky high!!!! There’s no where to run

[@hangguy209]

That tells you Californians are buying other states out. Keeping the prices competitive.

[@BarrettGreg]

I can tell you one thing there are homes around Houston where they are cutting the list price by 100k These are new homes and large homes.

[@ILeapZHD]

Down 100k in Houston means 100k up somewhere else

[@TimGautier]

You just have to be able to afford one of the highest property taxes in the country.

[@yume816]

It’s all about locality.

[@weswest8666]

New homes are 🗑️

[@dawnfire82]

@@TimGautier That's the tradeoff for no income tax.

[@proteinfart5017]

I love how so many houses in my area in Los Angeles started coming up for sale and have had no luck and listings removed and Zillow claims they’re more expensive now and still wouldn’t sell at much lower prices

[@annetterogers5769]

Hi Brian! Just love your videos!

[@MAJ44]

"Reventure consulting" is saying home mortgage keeps dropping and housing market crash is here since the pandemic.

[@ErnieBert-eg8kd]

He’s clicking baiting his way to a down payment for a house. Can’t knock the hustle but anyone believing him is a moron

[@playingoutside]

That guy is full of it. He has been saying the market will crash since 2020 and his old channel is full of videos about the crash is just around the corner. lol

[@House_hacker_619]

@@playingoutsidethat reventure dude is an idiot. I wonder how many people he scam on that reventure app

[@FelipeValdez-og2tg]

this means that interest rates will continue to go up

[@davidhull7814]

MAYBE ????

[@Tony-mq5yo]

Exactly

[@lillian_r]

A house across the street from me went up for sale on Friday. By Monday morning they put a sold sign out front.

[@katv3116]

A burnt down 3 bedroom home is selling at 770k near my area

[@JP-uy9kq]

Don't buy it

[@6speed818]

No joke I saw one in California same thing like 700,000. These people are crazy

[@tungdang6861]

The price is dictated by the buyer. As long as people buying house overpriced, the price going to keep going up. But when layoffs come, those that buying house that not in their budget will get wiped out.

[@user-jq1dr7po6m]

Gotta be ready kids!!! Work work work!!!

[@leroyhaas9085]

In the Atlanta area, builders are building homes at 500 G or more. And the builders can not keep up with demand

[@LL-rn2xp]

Pod rentals coming soon.

[@chriskeever237]

2.99-3.25% gang!

[@6speed818]

I'll be buying cash have fun with your low interest rates lol

[@antoniobrown1616]

The numbers are skewed by certain markets. But in other markets homes are tanking. Like NYC 21%... Florida and Texas are also going down. Longer the rates stay higher the lower prices will be, as there will be sales out of necessity.

[@Ja56780]

Not to mention in certain areas luxury home prices went up skewing the average.

[@pasoldier9304]

Brian with the tea. Keep up the great informative work!

[@Jack-fr9bk]

Oh, wait, but there's an alleged incoming crash, right? 😂 It's basic supply-and-demand economics.

[@jonathanmurray983]

2.375% 30 year fixed, home value up nearly $140k. Unbelievably blessed, we love our home.

[@alexandramichelle1493]

This is an excellent assessment. Thank you for showing the numbers.

[@steved0123]

One 2'X2'X1" foam board and roll of making tape, $13. Used to be $7.

[@kayvaaan8926]

How to increase supply: Ban corporations from owning single family homes as they are using them as investment vehicles

[@kahledalbert1210]

Okay comrade Vladimir

[@heisrisen560]

It’s true, corporations are buying up whole neighborhoods and charging whatever they want for rent it’s ridiculous and if they can’t rent them there selling them for inflated prices since they own the whole block they can charge whatever they see fit 🤷‍♂️

[@pursuitofindependence8191]

Do you hear yourself?

[@Chainsaw_HM2]

For us single people living on our own… Ouch!

[@bhamm80]

Ya I mean simple math tells you the situation now is worse than the hyperinflation from the 70’s and 80’s. That same 4 bedroom home purchased for 120k at 12% interest is now 375k with at 7% that’s roughly double the interest total..

[@roylappin4491]

Good report!

[@sirwinston-nk6vt]

Home prices are high because people are buying, supply and demand

[@RachelCunningham-ut9ks]

it is very area-dependent

[@clearvaluetax9382]

Yes, home prices are up in 44 out of 50 of the largest metros. So you're correct.

[@barbdennis7979]

❤love your channel for best information. ❤

[@Dstromb232]

Great info. Thanks

[@martinross6416]

Where is the demand coming from? Who can buy these homes?

[@Blu_Grease]

I was waiting to see when the end of America was going start but didn’t think I would be around to see it. I was wrong

[@rafaelrincon325]

Hey Brian any chance you can do one of these videos for the California house market. Preferably SoCal but whole state would be fine too. Would appreciate it if you have the time.

[@lankaprince]

I bought in the Bay Area 2 years ago, I’m under water (not expected to break even if I sell). The US wide metric is just too broad, different areas are vastly different.

[@dancingking9535]

The median value of houses continue to rise in California. This shows most of the houses (higher price houses) were purchased by "the" all-cash buyers, yet most California people cannot afford to buy the lower price houses.

[@jmsena]

No new supply in CA, combined with lots of foreign money coming in.

[@janisianjusino9961]

@@jmsenaWrong. Go to Riverside county. New homes being built everywhere.

[@jmsena]

@@janisianjusino9961 riverside county is alooooot different than LA county trust me 😂

[@scottandrews947]

Lots of Chinese buying in California.

[@jmsena]

@@scottandrews947 bingo. Putting down 50 percent or more.

[@BDubb720]

Completely agree on your conclusion. Inflation adjusted, house affordability is way lower than in the 1980's

[@trishalou592]

Grocery prices are lower too than in the 80's.

[@SisyphusJP]

@@trishalou592I’m confused all the genetic engineering and mass food production hasn’t lowered food prices adjusted for inflation? Huh I wonder why agricultural industry has been so keen on it then.

[@joetorres3869]

Great information always. Can’t beat this with any other channel, honestly. Right here though, 2.5 interest rate. Debating on taking out a HELOC or Home Line Equity Loan. I’m a first time home owner and not sure if I should or not to pay off debt.

[@F_A_Maroon]

Good content, Sir. Always consistent.

[@kermit1]

Fuck I’m so glad I bought my condo in 2015. There is no way I would be able to afford anything these days.

[@TheEdzy25]

Same talking point in 08, the new normal, it wont crash, etc... than it all came down. Its logical it will eventually come crashing down.

[@6speed818]

I'm waiting. People are paying alot in property taxes acting like there happy they bought.

[@kornfedboy]

In addition to the house is listed for sale, there are always the houses that are on and then off market, but not occupied, waiting to be put back on market. In the near West suburban Chicago suburb, where I live, I can think of at least a dozen houses that I know are in this category.

[@Jakesmusings]

I live in Ann Arbor Michigan; even in 08-09, housing here never crashed. Too much demand here and a lot of people with wealth.

[@darthkermit4617]

home prices going up is good in general. well if you are looking to sale. however, my taxes are insane. I have mixed feelings about this.

[@MS-1994]

Yeah, if you are going to sell and not buy another house.

[@huynguyentoantin]

so the best scenario is to own 2 homes :))

[@xxtreyxx12131990good]

I just want to know were are they shooting up in Texas everything is down and more inventory…can’t speak of any where else

[@huynguyentoantin]

Texas and Florida are ready for (or maybe already in) correction

[@ForeverDownByLaw]

NJ for one. Average real transaction price is 550k

[@jamtero]

The FRED chart looks different showing essentially flat yoy or down 9k q1 to q1. Strange

[@JerryRW3750]

I live in a city with a population of 38,392. There are 1,200 homes in this city that are owned by vacation rentals/AirBNB. Two homes came up for sale on my block that were quickly sold to be used as vacation rentals. I think a large problem is family homes being bought up by businesses.

[@PikachuTDP]

It’s doesn’t make any sense American people are struggling right now who can afford to buy house now . Only rich people can afford