The SHOCKING Reason Housing Prices Keep Going Up

[@JasonHartmanEmpoweredInvestor]

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[@rossferguson5786]

Always a great show ! Thank you, Jason ! Appreciate all that you do !

[@chevy3759]

A large increase in oil caused the price spikes in not just fuel but utilities water sewer and the cost of the labor to construction because of energy costs. It went ftom a small part of living to running people broke. Nominal? No diesels cost a fortune to run at 4.50 a gallon U.S. it put companies out of business.

[@AllNighterHeider]

Always appreciate you Jason Thank you sir

[@ji-inroh495]

The median age of the construction worker in the US is getting up there as well. For example, it's 47 in Maine and Vermont.

[@stevenplount2567]

714 lol. You are definitely from OC CA

[@GraceyGarret]

Thanks for the gems, Jason! 🙌

[@MrDavinci1965]

I just connected a single-family house lot in Las Vegas to water and sewer. The construction cost to the owner was $104,000. Additionally, he had to hire engineers & surveyors to create the plans. And an $18,000 connection fee to the water district. (Yup, $18,000 for a 1" domestic water line hookup FEE). His total cost to connect to water & sewer was about $150,000. This was an existing "infill" lot, on and existing road. Let that sink in. $150,000 just to connect to water & sewer.

[@47retta]

California....that explains it!

[@MrDavinci1965]

@@47retta Las Vegas Nevada. It would be more than double that in kalifornia.

[@BusinessandFinance-ym5bk]

Sounds like rent-seeking corruption. Everyone is just milking the system. 2 decades ago you could have built the entire house for $150k.

[@automotiveprofessionalsper3960]

Dam that's insane, government are a bunch of thieves ✅️.

[@rossferguson5786]

I agree ! That’s insane. Costs like these will put more pressures on the existing supply of homes. Since building a home and all of the costs associated with it. Are just too expensive. It has been this way for years. And only getting worse.

[@RichardKut-j7m]

Change it up, you can do Rick Baylis travel and food.

[@ErikaFlores-px9gs]

Thanks Jason for all your insight !

[@Hcb-jo1gp]

Thanks Jason, enjoy your content.

[@nemodeals2034]

I'm struggling with quality control and mistakes being made when you need to depend upon external resources (management, materials, etc).. the amount in micro managing and follow-up is more than ever.

[@hughobrien4436]

I disagree about cars. In Cuba, about one third of their cars are from.tbe 1950's. Some of these cars are currently being used as taxis today. They have millage on them in the multiples of millions of km. Modern cars are I would say designed to fail at about 150,000 km. Right after they go out of warrenty. Because right then the car companies want you to buy a new car so they can make more money. The Honda Accord from 10 years ago was probably good for 400,000 km. But they don't build them even that good since. I once tried to repair a broken washing machine, only to find that a crucial part had broken, it was designed to break because it was made out of a type of stone that breaks down when exposed to washing detergent. Designed to disentragrate after being used a certain amout of times. So the warrenty was gone so of course I had no choice but to buy a bew one.

[@chevy3759]

A lot of these parts are no longer available to repair this stuff.

[@CarolinaRealEstateGuide]

I just bought a brand new house from DR Horton and they bought the rate down to 3.99%. They are paying 10k for closing cost and I get a 3% commission since I’m the agent. I just have to pay less than 5k out of pocket after commission to get the deal done. I live in it for a year and then get to rent it out. It is the cheapest that style house has sold in the last couple years in the neighborhood. Market rent is a couple hundred more than expenses. They basically gave me a free house. Please tell me how now is not the time to buy.

[@evgenyonishkevich8494]

Jason, everything said makes total sense! I would maybe do a compared analysis of which cities and towns would have price declines due to the deportations. I am assuming that cities like New York and LA might have some access in inventory in that case.

[@miket2607]

Not going to lie, you got a point. But, you have to timber that the gap between the haves and the have nots is getting wider by the year. It’s only so far that the average person can be pushed before he/she realizes that what is there to live for when everything is impossible to obtain. There’s always been a percentage of people in society who never had a chance to get those things, but when that gap becomes bigger, more societal problems will occur. I hope all will get to where they need to be in life. Take care

[@47retta]

Jason, i think you're out of touch on the car situation. They are making new cars crappier than ever! Sooo many recalls!

[@BusinessandFinance-ym5bk]

Not quite. Modern cars last far longer nowadays. Getting to 200k miles is very common, while in the old days it used to be an achievement to get 100k miles. The recalls are due to the huge complexity in modern vehicles.

[@matbob7249]

Compared to what? 1980’s carbed 7mpg guzzlers? Cars are far superior, recalls are due to crazy fast tech advancements thrown into public. You can bypass that getting 4Runner or Camry with a decade old tech and run forever. Just a side note, my aF250 has 1100ft/lb torque and 500hp stock. You couldn’t convince a living soul in the past it’s possible in the futureland for a daily driver.

[@BusinessandFinance-ym5bk]

@hughobrien4436 Cuban cars are shells. nothing is original on them. they literally put tractor engines into them. Modern Toyotas and Hondas run 300k miles (not km!) without any maintenance on them. If you do preventative maintenance, they approach 1 million miles!

[@deemack341]

No! Cars are not soooo reliable. There are still brand new lemons. I and several people I know have purchased new and fairly new cars and they've been anything but reliable. Get in touch with the real world - please!

[@Cedartreetechnologies]

Hmm. Verry interesting.

[@nitroneonicman]

Housing prices aren't going up in any way. The monthly median is only up relative to a dip last year. According to Fred q3 median home price has dropped for two conservative years now. Prices now are lower than peak in 2022 nationwide. Not to mention the only people buying right now are cash buyers who are buying higher priced homes simultaneously pushing up the median while lowering comps. You'd have to be willfully ignorant of basic math at this point to think prices are going up.

[@chevy3759]

I don't know what the color of his skin has to do with good advice.

[@barrycalvert8219]

09, 10, 11 in Port Saint Lucie Florida. All 3 years weee packed full of repos. 2012 was bottom. Apples to Oranges right now. Even if inventory is low, who buys ? Fact is 85%, like myself have jobs under 100k.wife laid off from Microsoft. Yet rental bring in extra income. According to your analysis we buy more today at 280k. Same home that was 150k in 2015 because prices will never come down ? Then I think. Again, who will buy with their 70k income, along with wife's 50k. Thus 50% of income goes to mortgage, PMI, and Insurance ? With they buy at 400k so I make money ? We are forgetting incomes will not go up, only down in real terms to inflation. Ww have reached saturation in income to affordability and that won't change. What was 2008 - 2022 wont be 2023 - 2036. It is different. You can repeat all that back in your duldrum guy voice

[@sledge7583]

Jason, at 8 minutes in you say you don't buy gasoline 😂😂😂. You are flying all over the world and using ground transportation. Dubai brings in cheap labor, alright, taking their passports and working them like slaves.

[@rossferguson5786]

Your point ?

[@hcel5075]

Jason, do you have kids?

[@badinstinctsYoutube-xb3oj]

Maybe, he isn't sure. He never gave his real name to the girls he met at the bars.

[@hcel5075]

@badinstinctsKZbin-xb3oj I lived my 20s and my 30s being paranoid about governments and women and then I realised that most of the girls I met were actually decent women and there was nothing to worry about. I'm looking forward to having children and raising them in a different country while collecting some new passports. What good is having millions of dollars when you're going to die with a bunch of money in the bank and the governments will take it anyway lol