The Disturbing Details Of The 2023 Housing Crash (Explained)

[@MattBrighton]

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[@stumac869]

Be careful of service charges and ground rents for flats/apartments. The mortgage might be cheaper initially but if interest rates fall the differential in overall cost (interest + service charge + ground rent) may not be that different. You also have to factor how much the service charge and ground rent will increase in a high inflation world, many are linked to CPI or RPI.

[@patriciacarlos]

A lot of folks have been going on about a February rally and said stocks that would be experiencing significant growth this new year season, any idea which stocks this may be? I just sold my home in the Boca Grande area and I’m looking to remunerate a lump sum into the stock market before stocks rebound, is this a good time to buy or no?

[@stellaadams593]

yes, transportation, e-commerce among other sectors are expected to experience growth, but who knows, the market has been a basket of surprises.

[@brendazvandasara]

@@stellaadams593 Such market uncertainties are the reason I don’t base my market judgements and decisions on rumors and here-says, got the best of me 2021 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up 850k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking...

[@brendazvandasara]

@@davidjackson4437 The investment-adviser I use is actually CLAUDIA TRINIDAD RIVAS, I’m not sure if she’s currently accepting new clients, but you can give it a shot, she’s a popular advisor, so you can make a quick internet research with her name to get in touch...

[@kollykolly]

@@brendazvandasara Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

[@loganwalker-pc9qy]

No, it's just started to dip and there is bigger stuff on the horizon going on in the macro environment. Stocks might be cheaper than it was 12 months ago, but its gonna get a hell of a lot cheaper in the market.

[@lijie2511]

To share my recent experience viewing houses: many agents are conducting 2 viewings a week, on Wednesdays and Saturdays. One can feel that the market is cooling down.

[@ryandaley655]

I sold a couple of homes in the Tampa area for pretty good cash and I'm thinking to just leave it in stocks while waiting for a house crash to happen and as well avoid inflation, but is this really a good time to buy stocks? I hear it's a madhouse right now and I still hear folks are raking in huge 6figure profits by the weeks and I'd love to know how.

[@debstrodovan]

Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.

[@jenniferpowell23]

Such market uncertainties are the reason I don’t base my market judgements and decisions on rumors and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up 750k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.

[@yvonnejoordan]

@@jenniferpowell23 True, we’re only just an information away from amassing wealth, I know alot 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 yo help?

[@jenniferpowell23]

@@yvonnejoordan My adviser is “Yvonne Annette Lively” You can easily look her up. She has years of financial market experience and she is also FINRA & SEC verifiable.

[@tateoften]

@@jenniferpowell23 I just looked up Yvonne Annette Lively online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and scheduled a call.

[@atiq-urrahman7559]

It depends, houses in bad area are dropping but houses in good area are holding up the prices and even bad houses in good area are holding prices

[@timeforchange777]

Interest rates determin house prices. A lot of people have only known post 2008 interest rates on mortgages, things are very very different now and this will effect prices

[@kevinu.k.7042]

Great vlog. Yes, it varies so much area to area. I know of one small town where prices never go down. Even in the 2007 event that just went flat for 6 months. My brother has just bid for a property and following your advice (previous vlog) he is going to try to get 10% off. However it is a very desirable part of town and houses seldom come up for sale there. So thanks for your advice. 👍

[@PeteBish]

For a first time buyer, when would you recommend you look to purchase- between July 23- July 24 for Hertfordshire? The market has inflated by 20% and we're only just seeing the decline but it's yet to have gone back further than the initial gains. Analysts are saying the drop of house prices are £1000 per week. It's starting to see the sellers be more reasonable with the offers being considered.

[@Ramiperera]

Thank you for this video mate, I requested a video with analysis on how house prices will change based on house type/area etc in your last video, idk if that prompted you to do this or not, either way thanks again this is something I wanted to see your opinion on !

[@sevecc939]

Why are right move using 2017-19 data to compare with 2023? House prices were stagnating and falling in that period. So they are choosing favourable comparisons. They could have compared with 2020 Jan and Feb as that was before the pandemic. I wonder why they didn't use those dates 👨‍🍳📚

[@noizeuk]

I never see people talk about affordability. Percentages, year on year and all the squiggly lines are fantastic, but if people can't afford to pay the mortgage on a new property, it means bugger all. With interest prices spiking, with higher property prices since 2 years ago (think ppl on 2 year fixed), buying a house at 750pcm last year means that same house needs to be MORE AFFORDABLE on the top line figure.

[@ollyole4560]

That would be because it's an investors market. Affordability and the link to salaries has weakened so much, it has little relevance.

[@chy4919]

​@@ollyole4560 if normal home mortgages are unaffordable, business btl mortgages and rents are even more unaffordable. There is a ceiling point to how much rent an investor can get vs their mortgage so affordability is relevant unless you're a foreigner offshoring wealth.

[@ollyole4560]

@@chy4919 There is no ceilling for investors, as long as the housing market continues to outperform stocks in terms of value appreciation then investors will keep puring their cash in. Why invest for annual 5% stock growth when the housing market is giving you 12%? And try comparing average rent yield to dividend pay outs.

[@chy4919]

@@ollyole4560 there's a ceiling price for 99% of properties and its directly linked to how much rent you can achieve. You're writing like an invester with infinite money, property is a safe long term 5-10 year plus investment but there's still short term risk, the values of property is already flatlining. Stocks are different because you don't have to bother managing properties or take huge loans to get involved.

[@teaformulamaths]

All I care about is the monthly cost of my Mortgage 😵

[@tomce217]

Markets are cooling down, but did recently valuation by TML and according to valuation price is still up 80% since 2019 purchase..

[@jtrent90]

Doesnt mean anything till you sell it

[@tomce217]

@@jtrent90 I don’t need to sell it

[@Duhigg532]

Cracking video as always Matt, looking to buy in the next few months with as low a LTV as possible just to keep monthly payments low!

[@johnwhitcher4761]

If you are selling a good house at reasonable priced stick to your Price. House prices are only dropping if they are overpriced need Money spent on them or landlords getting out of business.

[@LeeEverittProperty]

Great unbiased video Matt!

[@neelpatel3844]

Get well soon, will be nice to see your videos too.

[@LeeEverittProperty]

@@neelpatel3844 hopefully next week Neel!

[@leemurray828]

U should compare it to mortgage rates and inflation year on year since 2006 ul see the similarities between now and 2008

[@Jimmy_Jones]

The thing I hate is that we can't just exactly compare. People are now looking out for a crash. They weren't before.

[@nicky_nike]

Can you do a report on the latest RICS report? A little less optimistic than your report. Inflation is stubborn and the bank rate will have to increase, maybe above 6%, and rowed-in with the serious macroeconomics problems there will be a long, hard recession. Mortgage rate could be 8% and that will give lending downturn of around 45% from the peak rates. This will affect the first time buyers mainly who make up most of the market, and are the market foundation, so prices will have to drop 45%. I don't share your optimism. We tend to follow the USA market by about 6 months and the crash is well underway there, along with some redundancies of biblical proportions.

[@samf1500]

Once the redundancies take effect, that’s when the market will start to drop significantly. You can’t pay silly money 20% above an already inflated asking price when you don’t have a job

[@ivermektin6874]

Oh no affordable homes and security

[@grumpyoldmenshayestehroo2711]

mortgage rats settle at 4% to 4.5%? some are at 3.99% for a 5year fixed at the moment. by the end of the year we should see below 3.5% as the bank of England will have to reverse at some point as there could be a risk of stalling the economy and also risking intrenchment.

[@springbuiltitall]

I just watched someone saying the inflation has gone up again. So on 100k house its jumped from 300 to 350 pounds a month to £650 now to about 700. . . Houses will be available for a pound soon cause average 3bed is 250k plus. Im sure all these channels are bank affiliated

[@craigm4ximus]

Few % of people may have over stretched their finances to a point of forced sales. Most bank affordability tests are robust and negate such eventualities. My mortgage repayment is £1200 soon to be £2000 a month. That's fine because I planned for it.

[@jackholmes7521]

@@craigm4ximus £2000 a month?? How much do you earn out of interest?

[@springbuiltitall]

@@robertjones2053 there was whole streets up for ridiculous prices. I remember thinking it was a crazy con for a row of terraced houses for a tenner. I still don't understand why but it was true. They was demolished and 2 nice big houses was put up in place. It was right next to my doctors. I was there having blood tests done for something that was cured 17 years later by not having sweeteners and monosodium glutamate. They gave me buscapan which did nothing, zinc n magnesium and divorce cured it. But I still think back to that time when instead of looking into things for myself. . . I used to drink n party my wages away every week 3 times a week. A complete moron ha

[@springbuiltitall]

@@robertjones2053 back then terraced houses was 12 grand. One sold last year round the corner for 58k. So you can imagine 2007 happening and houses needing full referb. And people loosing everything, debts mounting. Crazy. To be able to go back n do it again with knowledge of things now would be awsome

[@tomce217]

@@craigm4ximus doesn’t sound real.. my current mortgage on residential is similar but I did stress test if % would be 8% instead current 1.1 (which is frozen till 2027) and I still would be much below 2k

[@scazz007]

Love watching your vids Matt, good analysis and info and from a non bias opinion I think. 👍

[@stachysscott7435]

Negative Equity depends on the Deposit you put down is that right LTV under 30% not an issues ???

[@lukaskaiser5126]

So glad to see Ozil advising first-time-buyers after retiring from football

[@pedrolopes3542]

People are never happy... When the market was overheated people complained about the price being too high, now that the prices are finally coming down to affordability levels (not quite there yet) people are also complaining that the price is falling too much...

[@g0801215]

How is buyer demand measured? If it’s enquires then it’s bollocks.

[@jazzosazzo4279]

There will not be a housing crash at all, possibly unto 4% drop max, but then a huge upswing. Look at all the people coming into the country and not as many leaving. Property will keep going up, just not as fast as the last few years.

[@NomadJRG]

Prices can only go up if people can afford to pay more. If interest rates remain high we need wage growth or an influx of wealthy people to cause prices to increase.

[@ollyole4560]

@@NomadJRG Have you been paying attention to the housing market at all in the past 3 decades? Wage growth and house prices are not linked, it's an investors market.

[@NomadJRG]

@Ollyole affordability has increased massively over that time with decreasing interest rates and extended mortgage terms. It can not really be stretched further at this point unless interest rates drop or they start doing multigenerational mortgages.

[@ollyole4560]

@NomadJRG I agree with you that we will see multigenerational mortgages to keep feeding this ponzi scheme. Interests are already low historically, 6% is the historic average, with post 2008 being abnormally low.

[@aerial558]

If people think the housing market is cool? Just wait until next year, it will be total panic buy-to-let’s will feel the pain first. There has been two much speculation in the housing market as everyone has enjoyed price rises for over 12 years and ridiculous low interest rates. The party is well a truly over. Unfortunately there’s not enough parachute to go round.

[@garethedwards2883]

How is it a housing price crash then !!!!!

[@Goady1000]

If there's an area where properties are down 40% send me there lol

[@tomstory8502]

Lundon vs London 🤔

[@MattBrighton]

Landan' if you're born there.

[@JayToor89]

A lot of deluded landlords in the comments. BIG REDUCTION OVER THE NEXT TWO YEARS

[@connormcleod9595]

Crashes never appear like a crash at the peak. Give it 2 years to the non believers.

[@cosmosnomad]

No growth is still a "crash" in my opinion. House prices go up so much usually that any respite is going to be super helpful to many aspiring first time buyers. Also, regarding real house prices. I'm far less interested in that than LTI. Ultimately inflation is important within the context of how much you earn. If incomes are increasing at a slower rate than the items you buy then you won't be able to buy as much and your quality of life will decrease For myself, I'm just going to buy as soon as I'm able to; sometime later this year.

[@grzesiekniemogecipowiedzie7142]

Regarding keeping up with inflation, if you own property outright and it doesn't keep up with inflation you are worse off indeed but if you put 10% deposit and price goes up 5% you are like 50% up and even if you own a house outright and it falls in value you may be possibly still better off cause otherwise you have to spend on rent which are going up despite

[@kg9799]

that crash takes quite some time to come doesn't it muhahaa these guys have been predicting hell since 2016

[@kristoffscuba5466]

There will be no crash. I know the general public don’t like to accept it, but most of those owning property have money. ALOT of money. It’ll cool down, but crash? Not a chance.

[@jtrent90]

Keep believing that if it makes you feel better. Reality is that most people are seeing a 50k drop in the amount of money they can borrow based on the same monthly payment this time last year. If you don’t think that has a downward effect on prices you need your head checked.

[@kristoffscuba5466]

​@@jtrent90 It would be better for me if house prices did drop, as I want to trade up, so the balance to change will be reduced with a drop. It's not happening though, and it won't happen. They are not building any more nice detached houses on decent plots. So the ones that exist already will always go up in price (as population increases), and the rest of the market flows from there. Less than half the homes owned in the UK have a mortgage at all on them, and of those that do less than half of those are at risk from rate rises. Of those at risk, most are in full time employment and they'll cut discretionary spending before they stop paying their mortgage, and the banks have loads of capital reserves now to allow forbearance. The market is stable before you even add in any government “prop the housing market up” schemes, which the government has proved they will do time and time again. It’ll level off, but it wont crash. Sorry to say it but those without a house now have missed the boat. It's not fair, but its the way it seems to be.

[@tomce217]

As a landlord of double digit portfolio- I don’t see prices are dropping.. so I agree with you Kristof.. banks still buying properties and so I

[@jtrent90]

@@tomce217 if you have 10-99 properties and lots of mortgages I'd suggest you make sure that you're taking in information from all sides of the "debate"! Best of luck to you I'm not wishing hardship for anybody

[@anthonygreenwood4486]

Hope crash hurry’s up, Taking ages

[@VegasMilgauss]

‘Crash’ 😂