Is The NEW JERSEY Housing Market CRASHING in 2025?! 😱 | The NJL Podcast [Warning!! 🚨]

[@newjerseylivinggroup]

📌Hey everyone, it’s Corey! Are you looking to buy a home in New Jersey? Click here to get a FREE NEW JERSEY HOMEBUYING GUIDE: link.buyorsellrealestatenow.com/newjerseyhomebuyingguide FREE RELOCATION GUIDE with information on all things about NEW JERSEY, you can download it here: contact.buyorsellrealestatenow.com/newjerseyrelocationguide

[@ANGELCRYPT0]

They had the nerve to raise property taxes to over $500+ in Jersey… this is why I’m selling and stacking Sats and XRP.

[@newjerseylivinggroup]

Hey ANGELCRYPT0, property taxes can definitely be a dealbreaker. It's smart to diversify your investments. Best of luck with selling and stacking! 🌟💰

[@craigcervino2447]

Where do you see the secondary shore vacation home market in 2025 i see some homes sitting in seasonal slow down

[@newjerseylivinggroup]

@@craigcervino2447 Depends on location and type of property. Had a client recently looking into investing in seasonal rentals and there was a good amount of inventory during the winter months. But he went with a multi family instead in an area known as a strong rental market. For a vacation home, it really depends on price point and location. Let me know if you have something specific in mind.

[@craigcervino2447]

Yes I was specifically speaking of what I know as Jersey shore like seaside lavallette Ortley beach area of the shore usually high summer rental market busy area on small strip of land

[@newjerseylivinggroup]

@ Shoot me an email and we can discuss further. I’ll share more details on that market.

[@SilverScarletSpider]

housing is a human right, not a landlord

[@newjerseylivinggroup]

Thanks for sharing your perspective @SilverScarletSpider! Housing is definitely an essential part of life, and it's important to have discussions about how we can make it more accessible for everyone. If there's anything specific you'd like to share or discuss about housing, feel free to drop more thoughts!

[@willypal5431]

A human right?

[@RED-gs4di]

Impossible for NJ realstate to crash anytime soon.

[@newjerseylivinggroup]

@@RED-gs4di Agreed!

[@briankilichowski235]

Depends on location

[@newjerseylivinggroup]

Hi @briankilichowski235! You're absolutely right, real estate trends can vary a lot depending on the location. The New Jersey market definitely has its hot spots and slower areas. Thanks for checking out the video! 😊

[@tarakennedy3041]

I think you may be wrong about interest rates going down. They went down a bit in September (when the base rate went down), and now they are back up again without an increase in base rates. Banks are greedy and a little forcast (inflation or jobs), let's them raise rates. With the new administration and the changes coming, I think it is a safe bet that interest rates go up. Maybe I am wrong, i dont have a crystal ball, but either do you guys. 😅

[@newjerseylivinggroup]

Hey Tara, you make some solid points! Interest rates can be unpredictable, and banks do have their own agendas. Let's see how things unfold with the new administration. None of us have a crystal ball, but it's always good to stay informed. Thanks for sharing your thoughts! 😅📈

[@njhotroder]

Homes that were 150k going for 600k +++ is insane. Its a hysteria to hedge against inflation. Companies like blackrock , zillow etc is the main culprit .... price point is the main problem not the intrest. Retirees are not downgrading and not selling. They have homes paid off...doesnt make sense to pay more and take a morgage out at 7 % + for less room to downgrade. I cant think of any career that has given a percentage raise per yr compared to the greedy housing market to correlate for inflation. If these ny people r buying homes and owe 600k whats gonna happen if people loose their job. This greed is very very dangerous and a 2008 housing crash can happen if people cant afford the tarrifs that will go jnto place and price increases being pass down. If gdp slows down.... it will trigger layoffs and a downward spiral. Trump has the right plan but job market in usa do not want to invest in the american worker. Each worker is doing 4 to 5 peoples work and once they get that pay raise.... they love to layoff and fire to keep pay low.... they find ways.... ( not a team player. Sexual hassement, socks dont match lol.... etc etc ). They extort, use , abuse & discard to keep benefit and pay low. There is alot of hidden agendas with greed that r hidden here that goes beyond your discussion. . There is a strong possiblity for a crash also if there is a retraction in the economy bc companies dont want to invest in the american worker, and tarrif being trickled down to the main stream buyer. Think about it. Energy prices, lumber rices, etc etc ..... a multifactorial process of greed is the end of result of this crap. If it doesnt drop .... back to normal we will go back to 2008 crash bc its not sustsinable. Youth wont buy. They will simply move abroad. Portugal and mexico has become very very popular . Ex pac are very popular ... live in a exotic country. Pay little taxes and home prices abroad r sustainable. Millions have left already and work via the internet.... all blackrock and these companies will do is fast track this even faster. Zoomers dont want to buy. They rent and travel. They gear for lifestyle.... not a rat race paying off a home that is realky worth 200k going for 700k. They simply wont do it..... rent moving around and wirk on the net abroad as a ex pac is in. The crash at some point is coming if these prices dont drop to something sustainable. The exit out of nj and the usa is unreal since biden took office. Ny times even published articles on this. People r not stupid.

[@newjerseylivinggroup]

You bring up a lot of valid points. The housing market’s sharp increase really is unsustainable, especially with all the external factors you mentioned. The situation feels like a ticking time bomb, and I wonder how long it will take for things to shift back to a more reasonable pace. Do you think there’s any way to bring the prices back to a level that’s affordable for average buyers?

[@njhotroder]

@newjerseylivinggroup there are many ways that the unsustainable pricing housing market can come back down to where it's compromisable to make a big enought profit for the hedge funder companies and there is a balance for a petson to still afford it. A 150k home can go for 300k. Thats enought margin to cover profit margin and keep america from tanking. The bigger question is .... do the hedge funders and investors want to be on the side of the profit margin that helps america or on the side that tanks it , send the housing market into a downward spiral and then force gov to do deep regulations destroying the profit margin capabilites of the housing market.... the ones in control are the joint capalitist of blackrock, zillow, and the hedge funders of these reit corporations. The future lies in their hands....the greed if it contuines will destroy america. All it takes is a quarterly downfall and layoffs begin and u have a nasty spiral that can tank more than the housing market. Better wise up. They know how to fix it.... the question is do that want to and be on the right side helping america while gaining profit or destroying it.