"We Have A Lot Of FAKE Millionaires!"- Reaction To U.S. Housing Market Losing $2.3 Trillion In Value

In this short clip, Patrick Bet-David, Adam Sosnick, Vincent Oshana and Tom Ellsworth react to the U.S. housing market losing $2.3 trillion in value.
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[@bsetdays6784]

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[@selenajack2036]

The ups and downs can be hard to stomach at times but in all my years of investing, my investments have always Increased in value despite several downturns. Be encouraged!..

[@roddywoods8130]

This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional investment coach

[@adenmall7596]

That is astounding. Where can I find this Advisor? I have to profit from the market's decline..

[@roddywoods8130]

''ELEANOR ANNETTE ECKHAUS'' is the financial advisor that helps me. She has a large following and is easily found online. She has extensive understanding of the financial markets.

[@evitasmith6218]

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[@oneiljerry9460]

Real Estate provides cashflow, tax benefits, equity building, competitive risk-adjusted returns, and inflation protection on its own. Whether you invest in physical properties or REITs, real estate may help you diversify your portfolio and reduce volatility. Dividends are what got me into investing in REITs, great way to secure the accumulate wealth, I hold AMT, CCI & PSA. $290k in profits made in 2022.

[@alexyoung3126]

Consistently investing in high quality dividend paying REITs & companies over the long term is a relatively easy strategy to create generational wealth. My "boring" REITs portfolio paid me over $4,000 in dividends last month.

[@joesphcu8975]

It's time to make high value games! Discounted dividend stocks. Ever grateful to my CFP "Eileen Ruth Sparks", I now have a six-figure REIT portfolio, which includes, but is not limited to; AMT, SPG & PSA.... I now have 606 shares of AMT which pays dividends of $3800 per year.

[@stephaniestella213]

I want to play the long term game with well diversified fund. Please how can i reach this CFP of yours?

[@joesphcu8975]

Most likely, you can find her basic information online; you are welcome to do further study.

[@stephaniestella213]

Thanks for this tip. Her website popped up on the first page immediately I searched her, I read through her resume and it seems pretty tight. So, I dropped a message & hopefully she replies soon.

[@cryptoskywalker6000]

Could fall another 10%? That's not a housing crash. That's a small correction. We need housing prices to fall another 30% just to be a healthy correction. Prices are so ridiculously overinflated that it's difficult to determine what would constitute a crash. Another 50%, I guess. But that would only return housing to fair market value.

[@Rex69Rutherford]

exactly

[@gabelincoln3608]

That’s not true. Look at your return on investment

[@gabelincoln3608]

Look at rents fucking rock

[@ptrishagamin6398]

And what is " fair value" on a commodity that is very limited?

[@Patriot-od6xk]

EXACTLY 💯

[@judysamaniego1606]

I'm new to stock market /Crypto and would like to invest but I've go no idea on how to make good profits. Pls what's the best approach you'd recommend?

[@francisfrags9922]

The only safe reliable,genuine and highly experienced expert I can refer you to is Mrs Claudia Walter's.

[@garyjesus1387]

Wow I'm just shocked some one mentioned expert Mrs Claudia Walter's name i thought I'm the only one trading with her

[@miaejaita7119]

Mrs Claudia Walter's service is really good, I invested $22,000 and made a profit of $81,000 after a week. I still wonder how she gets her analysis

[@Kateschrad]

Wow!! Impressive you trade with Mrs Claudia Walter's too! I thought people don't know her that well.... She's really awesome!

[@brianboogie9700]

How does this Bitcoin stuff work, I am interested and willing to invest heavily as I have heard too many testimonies

[@tommyz1082]

Home prices have never dropped from early last year when fha loans were 3.5% and people were over paying 35-50k for houses. Except now interest rates have skyrocketed, and NOONE is buying now, but sellers still want top dollar. It's either feast of famine. Sorry I don't have an extra 50k in cash to over pay for a house in May of 2022, and now I am notwilling to pay an extra 600$ a month in mortgage for a turd! I literally HATE the market.

[@canyonoverlook9937]

The housing market is a joke.

[@Rosicrisp]

Right now there’s almost nothing for sale in my area everything gets snatched up quickly in November I flipped a mobile home to a cash buyer it pretty much sold within a couple days but I think the car market will eventually tank

[@tommyz1082]

@FAMILIA DIAZ I live in NJ, it's real bad here right now, and only getting worse.

[@bigzachful]

​@@Rosicrisp I have a trailer I can buy in my area for $5k. Its 2 bedroom. Comes furnished. Only needs basic very light remodeling. You think that would be a good flip?

[@Rosicrisp]

@@bigzachful depends what state and what part of that state

[@oliviaralston1]

Are you eager to learn more about finance? Maybe you are thinking about a career in the finance and investment industry. The key is not spending time, but investing it. Investing in yourself is the best thing you can do. If you’ve got talents, no one can take that from you.....

[@aprilclaudette2057]

​@valda Maidel That very correct!! And that is why most of them end up losing their money to scammers

[@kirstenraedmund7346]

knowledge is the greatest and quickest path to financial freedom, the rich stay rich by spending like the poor yet investing... While the poor stays poor my pending like the rich yet not Investing

[@kiyotofujita2178]

​@@kirstenraedmund7346 investing is very good and necessary but before you invest with any broker make sure that it will be a person that two or more people have talked about

[@kiyotofujita2178]

Don't just rush in to investing with any broker because you have the money and you want to invest. Look for real br0ker

[@aaronferrell3129]

Who is this professional trader that everyone keeps talking about, I always see good recommendations about her? How can I get across to her for a start up?

[@z0tw]

The U.S. housing market is just broken and has been for a while now. When new 60+ age communities near me are costing half a million starting price despite being smaller than a normal home is insane to me. I live in the North Atlanta area about a 50 minute drive from downtown with decent traffic and the homes are starting at half a million then at that point the market has outpriced itself. I tell you what if the housing started at 350 or 400k it definitely seems expensive but is Wayyyyy more affordable espeically if im wanting a 30 year mortgage. That is a huge difference in payments.

[@thierry1026]

Houses are too expensive because we don't tax the rich.

[@SCARFACE69247]

7% on a $400,000 loan for 30 years will cost you around $850,000 over that time. So for every home you buy, you also buy the bank a home plus a pool.

[@thierry1026]

@@SCARFACE69247 True, but we don't have much of a choice, need to compare this to renting always.

[@HeavyK.]

The average new car payment is about $1,000 a month right now.

[@alan_1213]

So true . I was on the market but hate to pay 1K for a car

[@ponzo1967]

And if you're in Florida your car insurance is another $1000 a month

[@wrathofgrothendieck]

Cheap

[@Tydusis1]

For a car, or for an SUV/crossover?

[@ELCybermatador]

@@ponzo1967 not true, I have a 2022 Acura RDX and an Acura TSX and I pay $200 a month.

[@marksolvent3259]

I just had to reject a job offer after going through several rounds of interviews because, guess what? Rent was very expensive in this area. It would have roughly accounted for about 70% of my monthly expenses, not including any car payments, loan payments, and travel to and from the workplace. Savings would have been in the negatives unless I found means for decreasing my rent.

[@dianetrue2396]

It's good you can do the math. You would be surprised how many can't or don't. Best wishes. Prices are ridiculous in so many areas. In Florida just about everything here has doubled in prices on houses and rent. 2016 was the start.

[@marksolvent3259]

@@dianetrue2396 I can't say I was not expecting high rent. It was in NYC after all. But I assumed that the salary would at least be competitive enough to allow me to save, idk lets say $500 a month. Or some sort of rental assistance. Because they sent me a 28 paged report on all of their benefits, and not one mention of housing and travel (ctrl-F searched for it). So yeah before rejecting the offer, I drew out an expenses sheet, drawing up a visualization of my take home pay after different tax considerations etc, and you know it was bad that my bare expenses, without clothing (which the offer letter said I had to buy on my own) and without any car payments. And yes, I budgeted for groceries, and no take outs, and so my estimate was reasonable. I showed this chart to the hiring manager, but he didn't seem one bit concerned that so many of his employees that had to take on such shit pay were doing it out of desperation and not out of pure will.

[@pazzodi3]

You could find about 3 other roommates. Not easy but doable

[@dianetrue2396]

It's not just about money. Quality of life matters also.

[@winninglifeyo]

@@pazzodi3 can’t if there is no other rooms

[@atdower]

Every day I am thankful I refinanced in 2020 and got a 2.65% rate.

[@omaraziz1299]

Honestly, PBD has grown on me since the Kobe interview. But I work in trading, I can tell you that 70-80% of analyst have been saying what Pat is saying so it's not anything new. When the Fed hikes rates at the pace that it is doing, there is no way the housing bubble could've lasted. This is basic economics.

[@alijaffery7735]

I absolutely want prices to drop another 40%. The kind of house I want (5 beds, 4 bath, 3000 sq feet interior, finished basement, 4000 sq feet backyard, new construction)costs $1.3 million currently in the NYC suburbs. I want it to drop to 800k.

[@PacificMoceans]

Hope it comes down to $345k for you instead.

[@shanes1221]

😂

[@bGzzzzz]

LMFAO even if it drops to that price, borrowing application would change as rates would more than likely be 10%pa, so your borrowing power would be lower So you’re stuck in the same conundrum - remember, you will own nothing and be happy.

[@alijaffery7735]

@@bGzzzzz Doesn’t matter, my goal is to pay it off in less than 10 years and I have the capability to do it if I don’t fuck around with expensive cars.

[@bGzzzzz]

@@alijaffery7735 - ummm there lies the problem “I will pay it off in 10yrs” - like I said, for prices to drop by 40% that would mean interest rates would be really high and your borrowing power from the bank will be reduced ie you won’t be able to borrow what you think you can….. Unless you have 400k sitting in your account and you only need to borrow 400k, then sure - that would be achievable.

[@dertythegrower]

The stage thing needs a good intro, this was alright but needs polish. Hey Pat.. try & get Ben Mallah on, especially regarding this topic... he is one of the biggest Florida real estate guys on this whole thing.

[@ignoranceisstrengthpodcast3294]

We've only just begun. This will make 08 look like a walk in the park.

[@np494609]

I disagree, there were way less regulations pre 2007, so there were more unqualified home owners that defaulted. We'll see a correction from the economy and Wages but not major failures in the markets. Price drops are needed

[@mariooliveira9074]

I will give you 31 trillion reasons why printing Monopoly 💰 and low interest rates was a bad idea!!🤔

[@mariooliveira9074]

@@np494609 Everything is in a bubble!!

[@bobroberts2217]

Investors will realize the ROI loss very soon and will start dumping. Why spend money on a depreciating asset when treasury bonds are 5 percent. FIVE PERCENT

[@HH-le1vi]

​@@mariooliveira9074 Assets are in a bubble. Products you buy at the store that aren't food and necessities aren't going down in price anytime soon. The only bubble that might pop aggressively is the stock and housing market and the housing market has too little inventory to satisfy demand so prices won't go down anywhere like they did in 08. Maybe 20-25% max. But not the 40% that it did in 08.

[@DanielH874]

I would say a big reason car payments are so high is because of easy access to credit. Decades ago it was common to buy a car with cash, or in the least a considerable down payment. Now Americans have a combined 1 trillion in credit card debt. With such ease of access to credit it is only natural prices go up. Too many people spending beyond their means driving up prices. Having the ability to delay gratification is becoming a rare trait. I bought my vehicle cash after saving/investing that money for years. I'm in the average income range. The vehicle was a year old with low mileage at a significant discount. I put away my ego and realized it was a better deal to buy a used vehicle that still had 95% + of it's life left instead of bragging to others that I bought a new car. Having a high car payment would cripple me financially and mentally. I know it is undeniable that the cost of living is higher than ever but that does not mean you should abandon common sense and purchase something you can't afford.

[@big0514]

they will raise rate and do exactly what they been doing... giving jp morgan and blackrock more money to buy these homes keeping the market up

[@lunginvision4310]

Exactly.

[@svenjorgensenn8418]

Yes, if the banks own the houses they can control society

[@johnfunderburk1128]

The Tommy Boy quote was AWESOME!

[@BradThomas]

You want mint on pillow? :) Such a classic.

[@Bonescratcher]

These guys are missing a very important point. Most people who are on a mortgage have it locked it for 30 years, so they don’t care about these rising rates. Even those with a 3 year rate won’t feel it for another 2 years from now. The only reason for anyone to sell their home today is if they lose their job. The job market is on fire right now so that doesn’t look like it’s happening any time soon. Stop trying to make predictions

[@thierry1026]

Houses prices won't drop with rent as high as they are... People don't realise how deep in a hole we are. The market won't do shit for us, its the reason we can't afford houses anymore.

[@nauxsi]

You could tie it to incomes in the state so it doesn't do 30% jumps.

[@hersdera]

The effects of the downturn are beginning to sink in. People are being impacted by the long-term decline in property prices and the housing market. I recently sold my house in the Sacramento area, and I want to invest my lump-sum profit in the stock market before prices start to rise again. Is now the right moment to buy or not?

[@mikehallrealestate]

Previously owner sellers don’t just drop their price by massive amounts. They just decide not to sell. The only reason the market crashed last time is because the banks got all the inventory and institutional homeowners smashed the market downward. You’d have to have an absolute implosion in the jobs markets for things to go devastatingly bad.

[@Kartel7622]

We haven't even factored in the student loans crisis yet

[@thesoccertrotter1]

They need to turn those back on. I'm 30 and I paid mine off, what's fair is fair

[@EricZAchille]

@@thesoccertrotter1 True, I'm so sick of the never ending student loan pause.

[@PNWTruckCamper]

I suppose but it's not borrowers who will ultimately be in the hook... it's too big a vote snatch. Dems will be forced to fight to the death to forgive all in a last ditch effort

[@steezmonster92]

Fair is irrelevant…

[@HH-le1vi]

​@@EricZAchille that'll last at the absolute longest till September

[@connieho5271]

I want to know if the strong job numbers are caused by people taking second or third jobs to pay bills???

[@mariooliveira9074]

Our grocery chain is having a 1 day hiring event. They are hiring 700 part-time jobs and a few fulltime jobs.

[@fvr12345]

Unemployment rate is estimated by counting the # of people employed, not the # of job openings.

[@RepuBlicOfChaD]

I was watching this unfold during the pandemic mania and was thinking to myself.....these people are going to be so ph*cked when reality hits!

[@michalaleskandr3985]

Anyone who mentions a Tommy Boy quote is alright in my book... but that doesn't mean I'm taking advice on real estate from him! Lol

[@ryanposton6136]

My question is that inventory is still very low.. especially out here in So cal...what will make inventory open up? People seem to stay put because of low locked in interest rates

[@Rex69Rutherford]

Pat just described what will make inventory go up at 15:10 to 15:50

[@ryanposton6136]

@@Rex69Rutherford yea caught that late..thx

[@ssaun2179]

@@Rex69Rutherford Umm with all due respect and I dont mean to insult anyone's intelligence but you just pointed out this guy saying that lowering interest rates will raise unemployment, did I hear that right, LOL did you, because that is the single dumbest thing I think anyone with a econ/finance background has ever said like ever. I dont know what's going to happen but unemployment is low and the fed has raised the federal funds rate past anything most have forseen. they may have to continue to raise rates to tame inflation but holy shit lowering borrowing costs spurs the economy and creates jobs not the other way around.

[@Rex69Rutherford]

@@ssaun2179 Good catch. When Pat said that, I assumed he glitched. But, we're at a point where rates cannot go down (b/c of the REAL rate of inflation).... so, the rest of what he said is absolutely applicable.

[@waynez5535]

When millennials and gen Z median age hits 48, that's when the real crash happens. No more bag holders. Also when boomers retire from Congress and millennials take majority control, thus legislating NIMBys to their deathbed, and legalizing tiny homes. Then the housing prices will come down.

[@joshuadavis2273]

Real Estate is way over priced it needs to come down. This isn’t a big surprise.

[@virgnthermostat5928]

2006 was the peak and selling in 2008 the market went down 38%. That does not mean they the property was sold 38% cheaper than its worth in 2006. This is where you have to be careful about how people word things. It's like the car market right now, sales are down and supposedly so are car prices. That, however, doesn't mean car dealerships are selling their vehicles at a lower asking price.

[@glengarbera7367]

Back in the eighties when interest rates were like 15 percent my parents rented rooms in our house to help pay down that mortgage.

[@southwestfloridarealestate9727]

One factor no one seems to mention is that the US population has grown by 30 million and hardly any houses were built between 2008 and 2016. Then the bottomed rates to all time lows. Now no one wants to sell. This month we had around 200 more homes that came off the market than came on in our MLS. Even Luxury started moving some and we had a major hurricane. No matter what happens 1)People still need a place to live 2)Renting is still way more expensive 3)New housing is what usually crashes first and prices are still elevated. 4) New housing has by no means crashed. 5) The cost in materials to build new is almost 50% more expensive than 5 years ago. The dynamics are very different from 2008. This is not (the market is great) speech. It is not. It is real estate stagflation. I don’t want it. But to act like because we want prices to go down they will is wishful thinking. What else do you predict will go down in price? I bet not much.

[@Cundi90]

If Pat gave me an opportunity to work for him, I’d be on the next flight. A dying breed, that’s for sure.

[@robertbarth5816]

Maybe we should find another way to get inflation down. Put they don't even talk about the other ways to do it

[@dontlookback9292]

Instead they raise rates and everyone gets laid off smh

[@dontlookback9292]

My boy just sold his home this week and people were still paying way over the ask price

[@svenjorgensenn8418]

Investment companies need to keep housing prices high to supplement the IRAs they are managing

[@maddstakks]

Love Tom. No macbook no tablet, no phone, just a lap full of paperwork and facts!

[@markmccreadie6212]

Many homes went up 100% from the trough to their peak so a 20% drop is peanuts. You have to put it in context which this show usually doesn’t do

[@amcacertified2038]

LOL just wait

[@markmccreadie6212]

@@amcacertified2038 if it drops more that’s another discussion but just saying the 20% isn’t the panic they are trying to make it

[@conlawmeateater8792]

Does the value of a specific property plummet if the real estate market is tanking?

[@ocvegasproperty]

20% from the peak is nothing and in many places it’s already way more than that.

[@Adam-wt5id]

I live in an extremely wealthy neighborhood in a big city. My dad is a doctor and bought the property before the entire neighborhood got developed. His investment has matured very well. We have been grandfathered into a much lower tax bracket than everyone else in the neighborhood. I have seen it myself, people came in, bought land, built a house right next to me then moved out simply because they couldn’t afford the HoA and property taxes. Its not just the price of a house

[@makdaddy8399]

Car prices/payments are outlandish.....compared to yearly income percentages in the early 70's, it's up over 400%.

[@CjJohnWynn]

Keep going please. I finally have money for one but I don't want to pay these prices

[@hongmeiling6065]

I paid off my first mortgage rather recently and I want more but the interest rates blow ass. Conflicted as a home owner but I'm kind of hoping for a crash

[@patrickgunning6923]

Pretty sure he got the relationship between interest rates and unemployment wrong. Historically, they’re positively correlated: if interest rates are down unemployment is down. The problem as the fed sees it is that they keep raising rates with insufficient impact on unemployment

[@eric_martindale1711]

My man has over one million tabs open.

[@markmccreadie6212]

Not in the northeast, prices haven’t dropped much at all

[@dirkdiggler9083]

Then people are paying more than they should

[@crmlcam5037]

Why Family is so Important. If you have a family , you have a business. Things can be a lot easier moving in a unit !

[@KawamaYachtClub]

What's happening is that pre-Covid people had to live where the jobs were, NY, San Fran, etc. Those places pay high taxes. Previously some 6% of people worked remotely. Now, some 26% can and do. That's why people are fleeing NY, San Francisco, California, Hawaii (12% State Income Tax!) and moving to Florida. It is no longer a nationwide phenomenon. Florida, for example, had an influx of some 400,000 people yet only 200,000 housing starts. California lost 300,000 people and had 62,900 housing starts. Do the math.

[@msvdbrink]

PBD - please remind your podcast conversation with Dr. Richard Werner. He’s on the ball there. Inflation is related to the supply of money, not the price of it (interest rates). As long as there is an increase in credit creation for non productive assets,l or consumer credit increasing interest rates will only create more inflation, not less. The only way to lower inflation, is to slow down credit creation - hence, the lower the supply of money. The cause/effect that increasing interest rates slows down inflation is widely assumed and propagated but never proved in no scientific study ever. It’s a false assumption.

[@dertythegrower]

Replace Adam with Ben Mallah 😎 Real estate guru and good debate skills and roast skill ha.

[@jahstah]

Replace Adam with a lamp

[@laospa55ion]

#Facts Adam is a renter...he has no experience whatsoever being a homeowner/landlord

[@nicholaslayton6199]

We are seeing companies going through Mass layoffs right now, how is unemployment the lowest it's ever been?

[@johnkelly1198]

Patrick tries to make everything doomsday. The other day it was public schools

[@aidenporter2130]

Doomsday for who? A crash is needed for the younger generations to even have a chance. Doomsday for baby boomers that have had the silver spoon.

[@ponzo1967]

Well they blew a big ass bubble! Prices aren't down they're just less inflated.

[@strugglinghustler]

Happily renting with my popcorn, watching the bubble pop 🍿

[@The1JBanks]

Even if the prices come down to 2020 levels rates will be no where near that low. Bought at 260k 2.875% “value” went up to 365k at the peak now it’s more like 335k but still would need to fall another 75k before it’s at what we bought it. But guess what the interest rates will never be that low again. That’s why you have such low inventory. If I sell my house now and pocket 100k profit where do I go? Every house is 450k or more and rates north of 6%. No thanks I’ll stick with my 1100 mortgage payment.

[@AJ-xv7oh]

You'll be watching a hell of a long time then.

[@strugglinghustler]

@@AJ-xv7oh For me, financial freedom > home ownership 🤷‍♂️

[@ptrishagamin6398]

And paying someone else's mortgage. Lol...yeah that's smart.

[@The1JBanks]

@@strugglinghustler how can you be financially free renting lmao????? Your rent will only keep going up. My first apartment was 600 dollars in 2009 that same unit is 1200 today. What will it be in another 10 years???

[@JoOrtiz09]

Are we going to ignore the 40% increase post pandemic? They are down 7% currently. BUT that is after rising 40+% over the last 3 years. Don’t cherry pick the data. There are no housing crash signs yet. At best, it’s a mild correction towards normal. At least another 20% drop to go before we approach baseline levels. And I don’t think that’s going to happen. Demand remains steady. Inventory remains low. And foreclosure filings relatively low to indicate any drastic crash.

[@JohnSmith-yp3yk]

Get your money ready folks. When this thing pops off, I am going to be rushing in.

[@JohnSmith-yp3yk]

@njerseydavid don't need to. Just looking to make some easy returns.

[@MrTrevorDidier]

Why would unemployment raise is interest rates are lowered? 15:25 Lowering rates wouldn't lead to unemployment.. quite the opposite?

[@Matt-to1bi]

I thought it was the Backstreet Boys on stage. They are dressed like night at the Roxbury.

[@iraqitiger9]

Zaha Hadid was an Iraqi architect who is not related to the Hadid sisters who are Palestinian. Amazing building great architect

[@NoahWeS]

Nasdaq was down how much in 2022? 33.1% ...I call that a slow crash...banks are stricter than they were 15 yrs ago

[@oldguy3378]

This is great. Lower values means lower property taxes. Right?

[@johnboy6594]

Yes it does. And i have some very valuable land for sale in the Florida Everglades.

[@al5612]

No. The city's expenses are divided among each property owner based on what percentage of the percentage of value your property owns in relation to that of the whole pool. If everyone's property valuations go down by 20%, the pool shrinks by 20%. City expenses don't go down, if anything, most cities are seeing the nominal tax rate per owner go up by 10% due to inflation.

[@mariooliveira9074]

Our Public Union pensions is $100 billion dollars unfunded!! Property taxes will never go down!!

[@joshcantrell8397]

Thank god the prices are starting to drop. Just as the same for used car prices. Shit was ridiculous

[@AntonioBianh]

Making accurate predictions for the housing market is quite a task due to the uncertainty surrounding the Federal Reserve's ability to effectively reduce inflation and borrowing costs. This delicate balance must be maintained to prevent a substantial decrease in demand from buyers, affecting everything from houses to automobiles.

[@SophiaChristian-so2of]

If you are new to the market, I recommend seeking professional assistance. The most effective approach to creating a well-organized portfolio is to begin with a professional who is knowledgeable about the turbulent yet profitable market.

[@MarkFreeman-xi3rk]

Over the past three years, I have been working with an investment coach who has provided daily guidance on my investment decisions. With their expert analysis, I have realized gains of over $500k. Their insights have helped me avoid losses and capitalize on market breakthroughs, particularly during downtrends.

[@cythiahan8455]

@@MarkFreeman-xi3rk I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

[@MarkFreeman-xi3rk]

My advisor is Margaret Johnson Arndt, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@JenniferDrawbridge]

Thanks, I just googled Margaret and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.

[@scubasteve3800]

House prices still have a long way to fall. I mean all were saying is that house prices are 5% less ridiculous.

[@crystaldemons207]

The equity is inflated because it's not their equity...it's equity that belongs to estate holders.

[@nmccray4494]

I don't usually agree with some of the things Pat says, but he was right about people's income not catching up with inflation, which leads to some people going into default on their loans.

[@bgandjsco1]

House prices need to drop at LEAST 30% . To be anywhere near affordable.

[@Pernection]

;His 3 piece suit reminds me of Vince McMahon. This doesn't make sense' Buyer's market with dropping real estate prices. The Fed pumped extra $ into the economy but now penalizes us by making the money more expensive to use.

[@jmoney6652]

Lol, I’m personally looking forward to the market goes down..

[@atorres11720]

Why? Wouldn't that mean people getting hurt by losing jobs and stuff?

[@1stfloorguy59]

This is how professionals act whe. They don't like each other. They still respect each other.

[@robertmyers8409]

This makes sense. Home prices in semi affordable areas will be at negotiable prices

[@julienwoodstock5546]

here the issue most gen z wont be able to afford a home if home prices dont drop by a lot I understand there a balance with home owners and people younger but still when homes are 800,000 or higher and people make 70k Gross how can we buy one

[@nephetula]

But in late 1982, mortgage interest rates went over 17%. So clearly, a jump of another point or two over where we are now is easily understandable, and very survivable. The market eats foolish investors, but rewards the wise ones.

[@TheChurchofCacti]

My house has almost doubled in a few years since buying. Purchased at 470, now worth 800. Nicest area of CO Springs. Was on the market for 515 but we noticed it so we lowballed the offer and didn't used a realtor or a bank, paid all in Cash so we got a great deal to begin with

[@m.b5777]

It will crash at least 40% once the recession starts

[@chrismichanicou8573]

I think the UK house prices are so over priced , especially London .

[@mudasir3762]

With most middle class folks owning 2 homes and multiple assets, price for real estate will eventually taper off when oir population declines.

[@stephenrinaldi9744]

What I get frustrated about is they just call me if they want to know market conditions and where rates are. Rates aren’t in the 7’s. I think if you get alot of attention you need to be more accurate.. no one is in the 8’s full doc. Cmon guys do better

[@MatrixDiscovery]

Housing market is one of the biggest bubbles in history.

[@RossMalagarie]

The last year people where paying $50K OVER market value so of course it has to come down

[@Chinunit22]

2020 Prices with bidding wars at 7% percent rate these investors really think that people still going to buy their flipping properties.

[@jonwebb5395]

Honestly, this is meaningless. This drop means a lot in actual dollars, but when evaluated as a fraction of the value of the industry, this only translates to a few percent drop in the market. The market needs to decrease by over 40% if the average American will have any chance of owning a home. There is no way around it, in order to save the American Dream we practically need a near depression era drop in order to rectify our broken economy.

[@The_Handsom_Italian]

I sold my house in Colorado Springs at the peak of the market making a nice profit as the price was double what I bought it for. I moved to Florida and bought the same size house with a huge lot, a pool , a mother inlaw suit on the other side of he pool with 2 garages for 150k less then to the house i sold in Colorado. Now the value of the house in Colorado is dropping everyday well the value of the house in Florida is slowly going up.

[@svenjorgensenn8418]

Sure

[@plaza5pro]

The guy that says that the number of houses available for is low is crazy. There are thousands of houses being built daily and not on any listing. When was the last time he drove around?

[@erlstone]

concentrate on your cash flow... everything else is playtime, win or lose.

[@Davido50]

I got 3.9% financing w/ $5k dwn on new '23 Bronco Wildtrak edition. My dream vehicle. Will keep 'er 15yrs! My last F150 had it 15yrs & ran great only 184k mis gave to my Dad. There are deals out there folks as long as your credit isn't jacked up etc. - NY

[@mph5896]

@@JakePickle It costs that much for a bank to offer that rate. 5.25% is what my credit union is offering

[@margaretpereira6777]

The truth is rare in today's World right down to Ads which in normal tines no one believed. Zimbabwe 🇿🇼

[@jasmitharani9838]

In my city, the real estate prices are going up.

[@chaz3279]

Great advice for all the billionaires surfing KZbin

[@suzyparker649]

Your dad had a '79 diesel Mercedes? We have a ' 78 and was it the 5 cylinder diesel?? We have one that runs. We got a great low price on it and trying to restore it to immaculate but it is not quite there. Great car.

[@deepburnfm2189]

Thanks for show

[@RossMalagarie]

So you're saying auto prices are about to come down? No because there is enough rich people that can afford the $750 per month notes and the rest of us that can't afford a $750 per month vehicle note are going to have to get a used vehicle or a cheap new vehicle

[@ldelacruz22]

I dont understand what's going on in the housing market in Massachusetts is insane over here I can't get anything at all as an investment or home to live in is kaos here

[@yudanov13]

Market is still super hot in Denver, houses sell over the weekend, have to bid over asking to get a good house.

[@Anthony-nv7gd]

Wait… So mortgage rates tripling in the last 18 months is causing new home sales to drop? How f*cking profound.

[@DJRS2178]

2023 - stocks/crypto up, housing down, inflation down, cars/watches/toys down. Change my mind.

[@dustinadair7893]

The market is definitely going to crash and housing prices are definitely going to come crashing down with it. But also it probably won’t happen and housing will probably keep going up. This sums up. Everyone on the internet.

[@2xPills]

I'm so glad I found this channel.

[@jim-ce5kt]

GREAT improvement on the studio.

[@taylordecell]

They could squash inflation if they would raise reserve requirements on banks. Been at zero since pandemic

[@aaronsullivan1628]

Excellent vid. Raw numb’z. Inescapable conclusion.

[@timothygibney159]

749 a month for my Mazda on a 63 month loan. Only because I got 0% interest with a 8k down payment.

[@JGComments]

Send rates to 9. Fix the real problem.

[@mccoyji]

Lol. Primary home should not be considered in net worth. Would help people with reality.

[@overbuiltautomotive1299]

house prices are goofy high nuts i would not pay any of the number i seen as of say last years or 3

[@ryanjacoby5616]

These guys can’t stay on one line of thought to save their lives