Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighborhood that cost around $450k in sales in 2019 are now going for $800 to $950k. Every seller in my neighborhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.
@JacquelinePerrira2 ай бұрын
Home prices will come down eventually, but for now; its best to offset some of your real estate investments 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.
@kevinmarten2 ай бұрын
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
@Jamessmith-122 ай бұрын
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
@kevinmarten2 ай бұрын
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Carol Vivian Constable” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
@Jamessmith-122 ай бұрын
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
@austinbar2662 ай бұрын
I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?
@jcurdrayeric2432 ай бұрын
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
@rogerwheelers43222 ай бұрын
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
@joshbarney1142 ай бұрын
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with a financial consultant regulated by the SEC, and started small, but eventually accumulated over $800,000.
@FabioOdelega8762 ай бұрын
Can you provide instructions on how to contact your advisor? I'm experiencing erosion of my funds due to inflation and looking for a more profitable investment strategy to make better use of them.
@joshbarney1142 ай бұрын
I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky” for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
@Sunday4444-u2n2 ай бұрын
Mortgage professional here. Rates drop significantly when our economy is NOT doing well. This is why rates were super low during the pandemic. It’s possible they may go back down to that again if the tariffs are implemented as promised because a lot of companies will either reduce wages, lay off employees or increase cost. If this happens the Fed will have no choice but to drop the rates. When this happened during the pandemic many corporations brought up a lot of real estate using financing with rates far less than they’ve ever been. It’s possible that this is the motivation of the elected administration. It would help the wealthy corporations buy and build more real estate cheaply if our economy crashes. This may also be why the tweet was written. Unfortunately regular working class people will not benefit from this.
@ceciliaferraro63602 ай бұрын
With what money,what job.
@Cocolicious087582 ай бұрын
Great video I agree w you
@cathleenferrone44753 ай бұрын
Thank you Anthony!
@tammywheat57753 ай бұрын
Always a great listen, thanks!
@darlingsanguinetti72853 ай бұрын
I hope you take action, no one can rent an apartment with these prices.
@organizer143 ай бұрын
You are right the government regulations add huge costs, delays and discourage building.
@cnwil45942 ай бұрын
Dude, we need Government regulations to deter deviant behavior among shady people. Imagine without regulation all the unsafe buildings being built with inferior materials and shortcuts.
@maxwellstevensmaxwell.real32183 ай бұрын
Always phenomenal information Anthony! Thank you.
@zhannasz3 ай бұрын
If I buy a house today in the Phoenix area, will it be worth less in a few years because of all of that new construction we should expect?
@rockingredpoppy91193 ай бұрын
Yes, resale homes take a back seat to new construction - why would a buyer buy used if they can buy new cheaper.
@megmoore3353 ай бұрын
🤣 Like all that new construction the first time around.
@arizonanative74093 ай бұрын
@@rockingredpoppy9119 Except some new builds are crap.
@glendacastillo65043 ай бұрын
@@arizonanative7409crap and less land
@jonhennemann47293 ай бұрын
@@rockingredpoppy9119You would think that is true but in blue states fees and red tape often make new construction too costly for the product.
@scottsnyder27263 ай бұрын
I agree we’re in a housing recession of epic proportions. It’s not going to fundamentally change anytime soon. It has very little to do with the election. I use the term “housing market stagflation”. High prices, very low sales and limited ability by American households, especially in the younger cohorts, to afford homes. I agree mortgage rates will rise in short term and then decline over longer term, but not nearly at a level that will spur a surge in home buying. And if they do fall it will be because of a recession, which lessens demand. As I’m sure you know, local governments are the gatekeepers of zoning, and virtually all “building” restrictions. The federal government, especially at the residential level, has zero control. Builders didn’t build after the housing bust primarily because they believed they could not make money, or the lenders, from which builders are dependent for money, did not believe it was a promising loan. Despite causing adverse unforeseen economic imbalances due to near zero interest rates for an extended period, low rates did unlock a huge amount of capital to build both multi and single family housing. With higher rates now and moving forward, new homes just become even more unaffordable for younger households. A boom in existing home sales will only begin to occur when aging baby boomers decide to downsize into smaller homes, and sell their second homes. This will thereby make homes considerably more affordable. We’re a good half decade away from that, if not more. Homebuilders should be narrowly focused on building smaller, affordable townhomes targeting young families, and especially smaller, maintenance free flexible retirement communities. But the smaller the home, the less the price, the smaller the profit margin. So builders don’t build to the market that already exists. Yet there is massive unmet demand for flexible and varied, but smaller, senior housing. Sadly homebuilders simply cannot get away from their single family McMansion high profit mindset.
@PE-ox7hv3 ай бұрын
Any predictions on housing prices going Up ⬆️ or down ⬇️ Thanks
@321salesgods3 ай бұрын
New leaders, new rules.
@jenniferhodgson76403 ай бұрын
Lowering rates at what cost I wonder?
@darlingsanguinetti72853 ай бұрын
What will happen with apartment rentals is crazy
@jeanah6852 ай бұрын
I believe you took Elon's tweet far too literally. In part, yes, he means actual physical buildings but not entirely, look up metaphorical. As far as homes go, we have an affordability crisis due to inflation. Overpriced homes far above their actual value, high interest rate, and astronomical personal debt. Your singular focus speaks volumes.
@runningman62823 ай бұрын
The only issue I agree with this video is mortgage rates will rise … mortgage rates are tied to national debt … Trumps policies will increase the debt by 8 to 10 trillion. Real estate will not recover, due to the fact of consumer debt. Consumers dont have the financial leverage or income to buy a house.
@Bessintheworld22 ай бұрын
How will there be a building boom when his tariffs last time on building products have increased prices so much they put many companies in the industry out of business. A 2 x4 board that was $3 10 years ago is now $24
@abbibrannan3333 ай бұрын
Massachusetts is not Washington State at opposite sides of the country and polar opposites on Building as well. I live in Southwest Washington north of Vancouver. There are a lot of burbs or small towns here and building is massive in all of them. One place south of here has had 5 housing developments in the last 4 or 5 years. Now the place where I am has 3 going in with all the infrastructure first. At the least 256 or so houses in each dev. and apartments too. That is just down the one main road to town. Needless to say I am moving out of this town in WA.
@johnryman-f3c3 ай бұрын
Getting out of nasty Seattle
@maryhobbs41833 ай бұрын
please go quickly. I'm sure you will be happier. God Bless.
@abbibrannan3332 ай бұрын
@@maryhobbs4183 God Bless you Too, Thanks, aleady live in PNW, and lovin' it!
@petergoodman13373 ай бұрын
You left out jobs. You also did not mention there is a boycott of investors buying real estate. Your optimism of buyers returning without a crash didn’t feel sincere. I respect you giving an opinion though
@BeeTay3 ай бұрын
Can you elaborate on this boycott of investors buying real estate? Haven’t heard of this.
@MdOsman-b5x3 ай бұрын
I can help you with this completely free of charge you give me a chance to talk thank you I was waiting for you 🤝
@kimfxer3 ай бұрын
Trump supporters will be disappointed by his promises. Will the president elect lower the housing cost. If you bought an expensive home whether rates go up or down it will not help you. Good luck
@321salesgods3 ай бұрын
Presidents can’t lower the cost but presidents can enact policies to minimize housing obstacles. Cal Berkeley Economics grad.
@johng40933 ай бұрын
Best way to reduce housing cost is to move to different state, area within the same state, or even another country. If you're expecting a political change to solve your housing problems you're on the wrong track.
@ND.903 ай бұрын
@@321salesgodsthat's beside the point. Maga think trump can achieve miracles and vote that way
@321salesgods2 ай бұрын
@ I don’t exoect miracles. I just want American government to put Americans first, not last. Class dismissed