Why Aren’t Home Prices Dropping? Housing Market

[@JerryPinkas]

NO BULL Real Estate Investment Guide Step-By-Step -> kzbin.info/www/bejne/lYu8fYiMaLibmtk

[@munemrabadi809]

Dollar devaluation is progressing and hyperinflation is on the horizon. People want to hold onto hard assets. Buy now and pay for it using very cheap money as the dollar deflates and hyperinflation approaches.

[@JerryPinkas]

@@munemrabadi809 Did you see the video I did on inflation? kzbin.info/www/bejne/l6LKn5JmdpmHicU

[@munemrabadi809]

@@JerryPinkas no, this is the first video I watched for you. Been anticipating this prior to 2008. The printing press has been accelerating since and intrest rates approaching negative. The end result is clear and inevitable. Thanks for replying.

[@JerryPinkas]

@@munemrabadi809 I was on the "it's going to crash" wagon until I read, "Secrets of real estate and banking" You need to read this book. It changed my perspective. Credit will become easier and easier, powering a larger boom in real estate, prices will grow more rapidly than the recovery from 2012 bottom. Only then will the crash happen around 2026 when credit is tightened. The fed is making sure our economy is going to boom and will continue to do so. Banks won't have to worry about mortgages going under cuz the fed is supporting land prices, values will go up.

[@garybowen7795]

I have been getting a lot of calls and mailers in the mail if I want to sell my house and it's got to a point that it pisses me off because now I tell them and if I want to sell it I will call A realtor and the other side of that is the solar companies calling do you want to get solar or they're either knocking on my door

[@ofwolfandmanii]

The prices aren't dropping but the quality is lol.

[@JerryPinkas]

Prices are rising week after week, month after month. With limited inventory, you are seeing that in the quality of what's on the market. The one thing most people don't see is Inflation! I did a video on that. kzbin.info/www/bejne/l6LKn5JmdpmHicU did you see it?

[@acebuick]

And that's a fact brother. 1 seen a 800 Sq foot home sale for 160k and it had not been removed since it was built. Brand new home going for 300k and is all siding no brick... I done! Lol

[@JerryPinkas]

@@acebuick week after week and month after month they keep going up. The biggest hurdle we are currently facing is Inflation. I did a video about that kzbin.info/www/bejne/l6LKn5JmdpmHicU ...did you see it?

[@smokestrong1000]

My prediction. House prices will fall a year after evictions resume.

[@JerryPinkas]

There is a massive migration happening all around the nation. Just keep an eye on areas where people want to be and areas that are obsolete. Thanks for watching and commenting. See you in the next video.

[@davisholman6518]

@@JerryPinkas Scottsdale Arizona here....I could see the increase stalling - but prices dropping like a rock? 🤔 Nope

[@JerryPinkas]

@@davisholman6518 Thanks for commenting. We are not seeing a stall of any kind here in Myrtle Beach, SC. 7 to 10 offers on a house as soon as it hits the market is the norm.

[@dukenukem5766]

Wall st has a 1/4 trillion to deploy on smalle multi family and single family. Enough to buy over 8 million homes

[@TheRetirementality]

I've been predicting the housing market won't crash since day one. Everyone was just trying to get clicks, while I was giving out solid information. BTW I like your background. I put that tile in one of my kitchens.

[@JerryPinkas]

Thanks for watching. I keep hearing from many wishful homeowners who are sitting on the sidelines, waiting for prices to drop. Unfortunately, while they wait, the exact opposite is what happens. I am afraid that if they wait too long they will be priced out of the market if they don't act. Thanks for commenting. See you in the next video!

[@romefl6723]

Buyers being scammed with low rate high prices. Boomers retiring inventory will rise . Troubled loans will rise. Now is not the time to buy wait for stimulus to end .

[@JerryPinkas]

Thanks for commenting Rome. The gurus have been predicting the end of the world for the last 30 years. Did you watch the entire video to the end?

[@1m2a3t4t5]

people are so fkin stupid and could care less about massive debt, theyre a big part of the problem

[@garyseeseverything8615]

@@JerryPinkas Martin Armstrong sees housing collapse like never before

[@JerryPinkas]

​@@garyseeseverything8615 That guy said the economy was collapsing 5 years ago! While the stock market doubled and average people have made good money in real estate. Everyone needs a place to live. Listing to a guru can make you go broke when you are sitting on sidelines.

[@romefl6723]

Well so long as the govt continues to borrow to suppress interest rates this can go on as it has fueled real estate boom , stk mkt boom , let's see them stop borrowing and see what happens. One thing you did not mention was real estate affordability in a economy where inflation is on the rise , and individual salaries do not ascend with inflation. Then as they say you will see who is swimming naked. This is why govt loves open borders , immigrants will work for less. @ Jerry

[@BossChronicles]

Time for a market correction this ridiculous market has priced millions out of the market

[@JerryPinkas]

Did you watch the other video I did about that? kzbin.info/www/bejne/b4mlgGieq5qDe7s Gurus have been predicting the end of the world for the last 30 years. All while people have made money in real estate. Whether the economy is up or the economy is down people have made money in real estate.

[@JerryPinkas]

@John Smith Your right! It is what it is. Thanks for watching and commenting! See you in the next video.

[@michaelhk6856]

Agree with u. Only when the tide goes out do we discover who's been swimming naked. so wait and see~

[@JerryPinkas]

@@michaelhk6856 If home prices aren't high enough already just wait till inflation kicks in -> kzbin.info/www/bejne/l6LKn5JmdpmHicU

[@akifabeed1045]

Uk £ and US $ are overvalued a big drop in the currency's value would have the Chinese, Russians and Qataris run away and dump the expensive psuedo luxury property in the major cities with a dominoe affect to the inner city and suburbs.

[@r987p]

There was a home that was very meh. Had 10 piers just put in with tile broken out at all the locations they did it at. They sold as is and still got 30+ bids. Wasn’t even marked down a ton... Insane market

[@JerryPinkas]

Thanks for watching. Homes in lower price points are getting harder to find. Thanks for commenting. See you in the next video

[@Peterpiperofthes]

@@JerryPinkas yes they are not building homes for 150 thou. Not enough profit to make it worth while. Not enough inventory for average americans to buy a house at least in ohio which is the average of the nation

[@JerryPinkas]

@@Peterpiperofthes You are right! I hear that comment from many people in Ohio who call into our office. Thanks for commenting and watching.

[@carllovlund804]

Make it is easy: low interest,high prices. High interest, low prices

[@JerryPinkas]

Thanks for commenting

[@stevenmendoza5621]

Weak dollar.

[@JerryPinkas]

@@stevenmendoza5621 What about inflation? Many people are sitting on the sidelines waiting for things to cool down...Unfortunately, they are getting even further away from actually purchasing because the prices will continue to increased even further. Why? This government will continue to print money and will not let the economy drop. The problem with that idea...it causes inflation and in many cases will cause massive inflation. This means today's high prices will look like a bargain. I did a video about that. Did you see it? kzbin.info/www/bejne/l6LKn5JmdpmHicU

[@stevenmendoza5621]

I just started the process to refinance my house. Big savings!

[@stevenmendoza5621]

They are going to kill the dollar. All this is happening because they want to go digital.

[@dougn2350]

Corporations are buying homes in my area and then renting them out.

[@JerryPinkas]

Thanks for watching and commenting. Its true, Corporations are buying homes all over the nation right now. Just wish more people knew what really going on and why prices will only go higher. Se you in the next video.

[@HandcraftedintheFoothills]

Yep it's happening all over East TN...It's crazy. They are scooping them up and sitting on them causing the prices to keep going up.

[@garybowen7795]

Wave point bought the houses in the last downturn over 20,000 of them and rented them out and I think they're on the stock market

[@JerryPinkas]

@@garybowen7795 They are making big money now!

[@projekt679]

Unfortunately this seems to be an increasing new thing from lessons learned from 2008. Corporations are starting to buy them all up so you need to buy the house you want now.

[@michaeldvorak8140]

You’ll own nothing, but you’ll be happy... as the saying goes.

[@JerryPinkas]

A mountain of evidence shows that, on average, wealthier people are happier. But new research suggests that prioritizing money over time may actually undermine our happiness.

[@danielstone9404]

Yeah I'm not sure if the translation of that concept is what all the click-bait 'experts' and shock-jocks claim it means. How many times have you had a car, wanted to sell it, had to reduce the price to way less than anticipated, but yet breathed a sigh of relief once you finally unloaded it? Imagine a more efficient system of lease, or even share ownership? Less cars on the scrap heap, less valuable resources constantly wasted. When the mainstream media put down a concept, try to think who will be at a disadvantage?! Less people getting into debt to buy a car, for example (or even house), less control over people as a result. Plato had a similar concept in his envisioned city-state, and it was way more efficient than our current boom & bust economics. Let's face it, the current system is at breaking point. Remember the words of Captain Picard: "The economics of our time are somewhat different to yours."

[@JerryPinkas]

@@danielstone9404 Thank you for commenting

[@Mike-mc3sh]

@@danielstone9404 I see what you're trying to say but you're comparing a car to real estate. Not really the same thing.

[@danielstone9404]

@@Mike-mc3sh Hmmm..... do I reply to this , or not? oh what the hell, I've got some free time. If you read carefully before you tap at that keyboard, you'd see the topic of the comment was the so-called "Great reset.' Gee, I'm bored already, you figure out the rest

[@eddieyang1373]

Omg Sacramento is the same! Before the pandemic a good remodel affordable house is 270,000. Now a trash house is 350,000! Housing market is crazy rn!

[@JerryPinkas]

A good property is getting harder to find. The real issue is many are still sitting on the sideline waiting for prices to come down when week after week, month after month, year after year prices increase. Its inflation! I did a video about... kzbin.info/www/bejne/l6LKn5JmdpmHicU that did you see it?

[@dukenukem5766]

But it is more affordable at 350k than it was at 270 due to lower interest rates. Looking at it from a whole number perspective will have you stuck in fear

[@jajajaja2624]

Don't worry it's coming when the federal reserve raise interest rates. Next yr is going to be many Americans on the streets. All these charts don't matter .

[@JerryPinkas]

Did you watch the other video I did about that? kzbin.info/www/bejne/b4mlgGieq5qDe7s Gurus have been predicting the end of the world for the last 30 years. All while people have made money in real estate. Whether the economy is up or the economy is down people have made money in real estate.

[@jajajaja2624]

@@davidjacobs8558 2023 1.3M homes 750K . Also Im trader both in stocks and FX. I can see what the dollar is doing.

[@fyf7667]

Prices can't go much higher. Fed can't drop rates much more to increase demand (who knows maybe they will go negative) and people aren't going to all of the sudden going start get 10% increases (be lucky to get 3%) in pay each year. If the fed is forced to raise rates, then the inverse of when interests rates are low people can buy more is true also. If/when fed increases rates people who want to sell will be forced to sell for less. Also long term demographics are horrible, granted thats 50 years out but I've seem people saying that they already expect 10 million fewer people in the US in 2050 due to decreases in birth rates from the pandemic alone. Not to mention its already decreased life expectancy by 1 year and the pandemic hasn't even run it's course yet. Other counties demographics which will affect the overall economy are way worse. Most of Europe and part of Asia (China and Japan) will half their population. Only place expected to grow is Africa. This partly the result of increase housing costs. Homes are not for investment. They are for people to live in and raise families.

[@jamesmorton7881]

The economy will take a while to sink far enough to start the cascade of mortagage defaults. Keep your powder dry. for a long climb out of this HOLE.

[@skyeagle3123]

There are ready in the streets and your right theres going to be alott more them in the streets when it happens get ready for what's to come and this government better worry what they cause but yet they blame everyone else but themselves ever notice that they shut down a country there discussion

[@williamlackey123]

As an active real estate investor in MB I really appreciate all this content!! Thank you!

[@JerryPinkas]

I really appreciate your comment William! That is my goal... to be helpful to as many people as I can and educate. I see others make mistakes when buying and selling. As you have heard me say many times "I just want you to avoid the pitfalls that are costly"! :) Thanks again. Hope you are having a great day! See you around town OR in the next video !

[@Kaizen2013v]

Hey William. How are you finding the market in Manitoba right now?

[@williamlackey123]

@@Kaizen2013v I’m in Myrtle Beach, South Carolina.

[@recyclespinning9839]

Why aren't house prices dropping?? Has anyone checked the cost of constructing a new home lately ?? DUH

[@JerryPinkas]

Your right, home prices have gone up! A 2x4 piece of lumber used to cost $1. at Home Depot now its over 6 bucks. And that is just one reason home prices have gone up. But with the population growth in the USA, along with people living longer, more homes are needed and cant be built fast enough.

[@mikewilliams4947]

@@JerryPinkas add to that supply constriction government red tape, fees taxes and delays. The government can’t get out of its own way.

[@JerryPinkas]

@@mikewilliams4947 True! Just has a developer call us and tell us every new build in the neighborhood just had a $20,000 price increase as of today!

[@mikewilliams4947]

@@JerryPinkas as if taxation being theft isn’t bad enough they have to stall and put up constant hinderances. It’s time to push back on these unnecessary obstacles we call government workers.

[@whatwhat8524]

Lumber went way up with the tariffs on Canadian lumber. Great for American lumber companies but bad for Americans wanting to buy a house.

[@TimothyParker1]

In addition, the Pandemic has artificially limited inventory. Once the vaccine has been fully distributed all of the people who have wanted to move over the last year will come on the market. Personally, I have canceled buying a home due to the pandemic. Traveling to view a home outside of my city is a non-starter.

[@JerryPinkas]

So true Timothy! Once the vaccine has been fully distributed and most people feel reasonably comfortable about travel...It is going to be crazy busy in resort areas! There is so much pent up demand for travel and even people who want to buy a home but just aren't ready. Thanks for commenting and watching! See you in the next video :)

[@gloriaiarango]

Timothy Parker. That's just not true, inventory has been very limited since 2019 I"m a realtor

[@JerryPinkas]

@@gloriaiarango your right about lack inventory since 2019! The limited number of homes available, compared to the demand of how many people want to move and buy is amazing. Builders can not even keep up the the demand. Thanks for watching and commenting. See you in the next video.

[@TimothyParker1]

@@gloriaiarango You don't think that due to the pandemic homes have been held back from the market? Sure the demand may match or exceed supply but once the vaccine is more available it just makes sense that more homes will come up for sale.

[@SCSC-qz7rr]

The problem right now in buying a house at a high price is that because the interest rate is so low right now, you won’t be able to refinance later to bring that price down

[@JerryPinkas]

Very true. But when inflation really kicks in the prices of everything is going to really increase. Did you see the video I did on that? kzbin.info/www/bejne/l6LKn5JmdpmHicU

[@kbabyblue]

You can’t refinance when the house is underwater

[@JerryPinkas]

@@kbabyblue Thanks for commenting...but underwater and can't refinance? The price of real estate has been going up, and you underwater? The fact is the national average is up 14.9% in the last 3 months.

[@Sum-zb7yu]

The prices for rent homes in Las Vegas went way up ,not to mention the landlords are charging the renters the hoa fees now!!We lived in las vegas now trying to move back slim pickings because of the eviction extension,prices,and now added hoa fees ridiculous 😡

[@JerryPinkas]

Wow! Including HOA fees! Maybe it’s time to buy. At least you know what your monthly mortgage payments will be for the next 30 years and you’ll kick in on the lowest rates in history. Thanks for commenting and watching.

[@ronaldbilar7503]

When you go to Home Depot and buy a 2x4 $8.00 and a sheet of plywood $50.00 plus the cost of building a house its going UP! not down.

[@JerryPinkas]

100% correct! Its simple economics 101. There are some people that are wishing, but ignoring the facts. Thanks for watching. See you in the next video!

[@guzman9011]

drywall is $12.95 per sheet lol

[@JerryPinkas]

@@guzman9011 Thanks for commenting! Another excellent reason! See you in the next video. :)

[@vivianmolina6302]

Supply and demand will not hold A crash is coming

[@JerryPinkas]

@@vivianmolina6302 Did you watch the other video I did about that? kzbin.info/www/bejne/b4mlgGieq5qDe7s Gurus have been predicting the end of the world for the last 30 years. All while people have made money in real estate. Whether the economy is up or the economy is down people have made money in real estate. The thing that is coming...Inflation!

[@traskstoneworks]

You are right on Jerry, in 2008 many said housing prices to drop another 40 to 60 percent. Houses at the time were selling for less than the cost to build them, I told those fool ain't gonna happen! hell I've been building them for almost 40 years!

[@JerryPinkas]

Thanks for watching and commenting. The problem is inflation. This government will continue to print money and will not let the economy drop. The issue with that idea...it causes inflation and in many cases will cause massive inflation. This means today's high prices will look like a bargain. I did a video about that. Did you see it? kzbin.info/www/bejne/l6LKn5JmdpmHicU

[@ursulamuga2737]

Thank you !

[@JerryPinkas]

You're welcome! Thanks for watching and commenting!

[@TheRealWayneTurner]

People need to keep buying. It's cheaper to buy than rent.

[@JerryPinkas]

Your right Wayne! Renting vs Buying... The numbers may surprise many, but it actually makes more sense to buy.

[@WhatTheFork]

Not true everyone’s financial situation is not the same.

[@JerryPinkas]

@@WhatTheFork No one said everyone's situation is the same? There are many people struggling. But this video was about why home prices aren't dropping! Thanks for your comment. Hope you are having a good day.

[@WhatTheFork]

@@JerryPinkas Thanks for the reply Jerry your video was great. I was speaking to the gentleman who said people need to buy and not rent homes.

[@JerryPinkas]

@@WhatTheFork Thanks! See you in the next video!

[@barrythacker7281]

Squatters have been living in banks houses for 5 years here on the east coast. the stock market housing market and fiat currencys are all propped up. It is all coming down.

[@JerryPinkas]

Did you watch the other video I did about that? kzbin.info/www/bejne/b4mlgGieq5qDe7s Gurus have been predicting the end of the world for the last 30 years. All while people have made money in real estate. Whether the economy is up or the economy is down people have made money in real estate.

[@springer-qb4dv]

Yes it looks like stock market is near it's bubble top. Severe stock crash will have big impact on realestate prices. Meanwhile, all the stock brokers and realestaet brokers say buy buy buy! It's never been better time to buy!! LOL

[@JerryPinkas]

@@springer-qb4dv Thanks for watching. But you know what will have The Biggest Impact on real estate prices? INFLATION! Economics 101... What Is Inflation? Inflation is the decline of purchasing power of cash over time. The rate at which the decline in purchasing power occurs can be reflected in the increase of an average price level of a basket of selected goods and services in an economy over some period of time. That is the reason hard assets like Real estate can help keep pace with the real inflation that is happening. Thanks for commenting. See you in the next video.

[@WoodT92]

I have a contract on a house but it’s contingent on the sellers finding a house to buy but the demand is high and inventory low so they having issues finding a new place.

[@JerryPinkas]

Thanks for watching and commenting Woodly. Depending on where your house is located...many areas of the nation are having this problem. Not with selling...but where to move when you sell! Lack of inventory choices has slowed many people from moving. Wishing you good luck with the sale and your move. Hope your having a great day. See you in the next video!

[@mococaboy17]

hope you get it man

[@JerryPinkas]

@@mococaboy17 thank you! I love it when someone is cheering another on in a positive way! Thanks for watching!

[@WoodT92]

@@mococaboy17 thank you!

[@WoodT92]

@@JerryPinkas love the insight in this video!

[@faisal-ca]

I invested in real estate 5 years ago for rental purposes and doing well here in Canada. I keep on hearing about house prices dropping to 1 dollar value. When that happens I will buy the city.

[@JerryPinkas]

The gurus have been talking about the end of the world for the last 30 years. I cant comment on Canada because it out side me realm of expertise. But one rule you want to watch is where people are migrating from and where they are going. Places that are obsolete or where people are leaving usually don't do as well. Please where people are moving to usually do better over the long run. Good Luck. See you in the next video.

[@yaris684]

@@JerryPinkas people from rest of canada are moving to vancouver because of the extreme weathers in rest of canada. Especially Alberta and now people from as far as Toronto, Montreal.

[@JerryPinkas]

@@yaris684 Same reason so many people move to Myrtle Beach South Carolina. Excellent weather year-round, low taxes, and lifestyle.

[@Free-g8r]

@@yaris684 Montrealer here. isn't Vancouver real estate incredibly expensive? Montreal had cheap real estate for decades but the past 5 years have seem massive increases in property prices so now its not really affordable anymore

[@Corkfish1]

I bought my house in the 1980s real estate bubble. 13 years later it was still worth less than I paid for it.

[@JerryPinkas]

But how much would you have paid in rent for 13 years? Guarantee it’s a lot more than your mortgage payment was!

[@Corkfish1]

@@JerryPinkas Nope. When you factor in the mortgage, taxes, insurance and maintenance, the monthly payment probably would have been about the same.

[@JerryPinkas]

@@Corkfish1 did you factor in the tax advantages & interest deduction? then compare that number and the difference in what you would have paid in higher taxes.

[@Corkfish1]

@@JerryPinkas oh that certainly helped. Back then the tax benefits of home ownership were much better than they are now. I live in Ct and real estate here tends to not appreciate so I always viewed home ownership as a necessary evil. I have a friend who bought his house in 2005 for a little over a million dollars. He sold it in 2019 for $835k. Thats not unusual here. A lot of realtors here will tell you that if you break even on a house you're lucky. Maybe it's different this time, but the current panic buying reminds me very much of 1986 and 2006. Both times ended up in disasters.

[@JerryPinkas]

@@Corkfish1 I understand prices don't go up everywhere in the nation...but the national average has 46% less homes available for sale than were at this time last year. This makes prices go up. Thanks for watching and commenting.

[@jackg2651]

I enjoyed this video. I liked the way you delivered the information, very understandable and to the point. Thank you.

[@JerryPinkas]

Glad you enjoyed it! Thanks for watching and commenting! See you in the next video :)

[@mc05duck]

I want longer lectures Jerry! :)

[@JerryPinkas]

Thanks

[@ferni200211]

In Tacoma, WA. Homes are selling more than the asking price.

[@JerryPinkas]

Thanks for watching. Your right, there are multiple offers and over asking price! It is the supply and demand. Glad you enjoyed this video, see you in the next one.

[@kingshanethe1st]

Bare land in our area (pierce county) is at crazy high prices. 1 acre by me for sale at one point was 400k. Gone down a bit but still 400k for just land. For that head to Oklahoma and have a mansion.

[@JerryPinkas]

@@kingshanethe1st It may seam high today... What about inflation? Many people are sitting on the sidelines waiting for things to cool down...Unfortunately, they are getting even further away from actually purchasing because the prices will continue to increased even further. Why? This government will continue to print money and will not let the economy drop. The problem with that idea...it causes inflation and in many cases will cause massive inflation. This means today's high prices will look like a bargain. I did a video about that. Did you see it? kzbin.info/www/bejne/l6LKn5JmdpmHicU

[@kingshanethe1st]

@@JerryPinkas no i i did not see it i will take a look at it thank you. so im guessing i missed my chances around the 08' days (i did try to buy a few houses but were out bid by cash buyers) houses then were for 70k to 100k or so (houses now that would be 200k or more now). as i mentioned prices are so high and if you are right with things going to stay that way im sol on getting a place or i will have to relocate to another state with lower housing market.

[@ericmaxwell4161]

Buyers be ready for the next dip. It is not if but when.

[@JerryPinkas]

Did you watch the other video I did about that? kzbin.info/www/bejne/b3rMiIR5g7-JmqM Gurus have been predicting the end of the world for the last 30 years. All while people have made money in real estate. Whether the economy is up or the economy is down people have made money in real estate.

[@davisholman6518]

@@JerryPinkas Unfortunately, Millennials think that what happened to real estate during the Great Recession was a typical correction when it was anything but. They are going to keep waiting for 100k homes until they finally see the reality that maybe it isn’t going to happen after all....

[@JerryPinkas]

@@davisholman6518 Agreed! Thanks for replying and commenting. They are "wishing for prices to go down" while Inflation is really what's happening. The good old days of affordable housing? keep missing out, sitting on the sidelines as prices continue to go up. See you in the next video.

[@jcoronel007]

House prices in Arizona are ridiculous! The only houses left are the ones falling apart in poverty neighborhoods listed at $250,00-$400,000.

[@JerryPinkas]

Thanks for watching and commenting Jennifer. It is amazing what has happened to homes in the starting price points. My main concern is for those who don't jump in and buy...wont be able to afford anything if they wait. Hope your having a great day!

[@donttouchmysilver8202]

House prices keep going up, Bc you keep making these great videos Jerry getting everyone hyped!

[@JerryPinkas]

Glad you like them! More videos on their way!

[@Harleyglide03]

Thanks for the info. Very valuable.

[@JerryPinkas]

Thank you for your support, commenting and watching. We are looking forward to seeing you soon! :)

[@Harleyglide03]

@@JerryPinkas can’t wait.

[@JerryPinkas]

🌴😎

[@jd218]

I live in western rural va.houses are selling like crazy at high prices

[@JerryPinkas]

Thanks for watching. You too? Wow, it's a trend that is happening all over the nation. People just want to escape high density places, high taxes and are looking to escape. Thanks for commenting. See you in the next video.

[@evanpatten4101]

I do draw Inspection on properties being built with bank financing and most of the homes I inspect are at or far above the million dollar range. These aren't crazy glamorous homes they nice but not show stopping amazing.

[@JerryPinkas]

Thanks for commenting Evan. Many parts of the country prices are much higher than here in Myrtle Beach SC. That is one of the reasons for people migrating here. The affordability in many communities is driving this migration. Hope your having a great day. See you in the next video.

[@joneslani]

excellent

[@JerryPinkas]

Many many thanks for watching and commenting! See you in the next video.

[@snakeboy2904]

Houses in dfw Texas are going average 106% of list price with average days on market of 7 days. Crazy!

[@JerryPinkas]

Thanks for commenting! That is amazing, but its happening in many places around the nation where people want to move. Thank you for watching. See you in the next video.

[@gardensaregodly960]

You can thank the Californians for your prices going up. THey sold their homes in CA and moved to TX

[@JerryPinkas]

@@gardensaregodly960 Its a national trend... There is a massive migration away from big cities and higher taxed areas. I don't see this trend ending any time soon and believe the it will only get stronger. Thanks for commenting. See you in the next video

[@toploadtele]

The real $64 question is: What is the actual reason current homeowners are not selling? Overall uncertainty would be my guess along with lumber prices being up 400% which will delay anyone from selling their current home and building another.

[@JerryPinkas]

Thanks for watching and commenting. I did a video about that those 2 subjects: Inflation - kzbin.info/www/bejne/l6LKn5JmdpmHicU and Current housing market kzbin.info/www/bejne/fp-4faGXa9iVbMU Did you see those?

[@user-nh4tm6hh4j]

I have been involved in real estate my whole life. It is a very micro geographic business. Just because one area crashes that has no effect on real estate a thousand miles away. It's all supply and demand.

[@JerryPinkas]

100% correct! I did a video about that not sure if you saw it? kzbin.info/www/bejne/fp-4faGXa9iVbMU

[@RafeCruise]

To the point. I like that.

[@JerryPinkas]

Thank you! Do glad you found the video helpful. Thanks for watching...hope your having a great day!

[@charronfamilyconnect]

Thanks for the video! I wonder how this will play out up here in the far north of Canada? Housing prices are crazy up here too!

[@JerryPinkas]

Thanks for watching. I can't comment on Canada because it's outside my realm of expertise. But one rule you want to watch is where people are migrating from and where they are going. Places that are obsolete or where people are leaving usually don't do as well. Places where people are moving to usually do better over the long run. Good Luck. See you in the next video.

[@willowclay3137]

Low interest rates, deflation, and finally inflation!

[@JerryPinkas]

Thanks for watching. We will see...but I would imagine that ten years from now, everyone would love to get those low-interest rates like we have today. The interesting thing about real estate is there is make money being made whether the economy is up or the economy is down. See you in the next video.

[@RE-qj4db]

REFINANCING IS THE BIG TREND. 90% OF VISITS TO THE BANK.

[@JerryPinkas]

Why not lock in for 30 years with the lowest rates in history? It only makes economic sense. Thanks for commenting and watching. See you in the next video.

[@gingerschnaps]

There are so many factors playing into the elevated housing prices. We have the Feds printing so much money and pumping it into the economy. Our dollar is worth less and will continue to in 2021. We also need to consider supply and demand. Less homes for sale means that those homes are now selling like a hot commodity. I was going to buy in a few months but I'm definitely going to wait until the bubble bursts!

[@JerryPinkas]

Thanks for watching and commenting. Did you watch the other video I did about that? kzbin.info/www/bejne/b4mlgGieq5qDe7s Gurus have been predicting the end of the world for the last 30 years. All while people have made money in real estate. Whether the economy is up or the economy is down people have made money in real estate.

[@kennethjacot8586]

Can't speak for other areas, but SW Arkansas is seeing high demand, few listings. Prices have increased steady the last few years. I have had rentals, fixer- uppers, and a Brokers license for past 40 years, and have not seen this much activity for quite awhile. People want out of the cities, low interest, low property taxes , high construction costs are all factors. Quality land and homes has always been a good investment and always will. Better than money in the stock market.

[@JerryPinkas]

Very True! This is the reality of what is happening! Thanks for watching. See you in the next video.

[@tonytr12]

Great video . Totally enjoyed it . Very interesting. I've been trying to decide what to do with my townhouse rental.

[@JerryPinkas]

Thanks for watching and commenting. Glad it was helpful. See you in the next video.

[@martincortez3465]

Very True 👍🏼

[@JerryPinkas]

Thank you for watching Martin. Glad you enjoyed this video.

[@jasonyang2288]

So we will be seen it go down next year？

[@JerryPinkas]

I did a video about that. Did you see it? Real Estate Housing Crash Cancelled? kzbin.info/www/bejne/fp-4faGXa9iVbMU

[@sonofnun7803]

The same thing is happening here in Australia many moving from the city to the countryside, pushing prices higher and higher, houses being bought sight unseen, this is a repeat of 2001, however, there was no covid then, and uninterrupted domestic and international, that's the cruncher I feel

[@JerryPinkas]

Many average people could get locked out of homeownership because of affordability. No matter what happens, everyone needs a place to live. If you own a home, it keeps pace with inflation. Did you see the video I did about that? kzbin.info/www/bejne/l6LKn5JmdpmHicU Thanks for watching and commenting!

[@luannkelly5071]

Aren't enough homes on the market. Of 16 listings in my category, in my area, 11 are pending and contingent!

[@JerryPinkas]

I hear ya! The number of new listings coming to market is fewer than the number of people that want to buy. You have to be fast and ready when a winner hits the market in order to score. I wish you good luck and success in your search.

[@ursulamuga2737]

Higher home prices = higher down payment . Still $$$$. Thank you !

[@JerryPinkas]

Very true! But everyone needs to live somewhere and it's better to lock in a a low interest rate over time. Did you see the other video I did about inflation? kzbin.info/www/bejne/l6LKn5JmdpmHicU That's one thing that can help work with you to build long term wealth (if you are a home owner)!

[@ursulamuga2737]

@@JerryPinkas thank you! Very helpful!!

[@ypreuc]

And soo true !!!! Not enuff homes out there and acres are being bought out

[@JerryPinkas]

Your right! I did a video about how you can win at getting a home!- FAST SELLING Early Bird Gets The Worm, New Construction Homes - Did you see that? kzbin.info/www/bejne/g6SUk3t9i6ZgbK8 Thanks for watching and commenting!

[@ypreuc]

@@JerryPinkas I’ll ck it out thank you Jerry

[@TheBams13smab]

When finding a home in NJ, we had a bidding war above asking price. It was mind blowing. My first time buying a home! Felt uneasy because I wasn't sure if I was being fed bs, but now I understand the migration. I'm curious if inner-city realty is an investment opportunity right now. The City is on sale, and eventually it should recover. thoughts?

[@JerryPinkas]

Thanks for commenting and watching! I did a video about How To Get Your Real Estate Offer Accepted kzbin.info/www/bejne/bmiymqVrq5yNsJo As far as investing...Just take a look at where people are migrating to and the places that are taxed and obsolete. Here is a video I did about Successful Real Estate Investing. Hope these 2 videos answer a lot of your questions. See you in the next video.

[@MoHandyPro15]

Hi Jerry - Very informative! Thanks for addressing this concern we homebuyers currently in the market are facing. I’m renting trying to get back into the market for a primary home, but these prices for even less quality homes keep skyrocketing. I’ve been waiting for 2021 as per the ‘experts’, but the incoming administration are proposing to extend the forbearance assistance to September 2021. What should we do? keep waiting ? , when should we anticipate these prices to cool off? Is anyone facing the same issue? Thanks again for your insights!

[@JerryPinkas]

Thank you Mario, I appreciate you watching and commenting. I think its the concern many potential homebuyers have whiles sitting on the sidelines waiting. Several things to consider: 1) Once the vaccine has been fully distributed and most people feel reasonably comfortable about getting out...It is going to be remain crazy busy for those what have been holding off on buying a home. 2) Home prices will continue increasing since a 2x4 piece of lumber used to cost $1. at Home Depot now its over 6 bucks. 3) With the population growth in the USA, along with people living longer, more homes are needed and cant be built fast enough. 4) Interest rates are at their lowest ever. It could be a good time to lock in for 30 years. 5) Plus making payments on a property you own is better than paying someone else... plus you get the tax advantages of home ownership! Prices can go up and down but you still need a place to live. See you in the next video :)

[@Bk-qz3yk]

Well thanks to the govt 2 circle k workers can now afford 300k homes. Silly

[@HandcraftedintheFoothills]

@@Bk-qz3yk yeah on our dime and our future generations back! It's all nuts.

[@dhui777]

It’s all about the interest rate.

[@JerryPinkas]

Yes your right! Low interest rates are driving many homeowners to jump in or upgrade. Thank you for watching and commenting :)

[@sallyho146]

This is a good educational video. How do I contact you?

[@JerryPinkas]

Feel free to call our office 843-839-9870. Sal, Did you see this video we just released? kzbin.info/www/bejne/lYu8fYiMaLibmtk

[@kpappa]

It is that FIAM money is loosing power, not that house prices are going up !

[@JerryPinkas]

You are correct, that is the point. Everyone needs a place to live. But the really big issue is with inflation! Did you see my video about that? kzbin.info/www/bejne/l6LKn5JmdpmHicU Thanks for watching and commenting!

[@BrianC4812]

Appreciate the information as always, glad to see all of the new content!

[@JerryPinkas]

More to come! Thank you for watching and commenting! See you in the next video :)

[@ypreuc]

My question is should you buy now! I’m in Oregon but prices are high and ppl are buying as soon as it’s on market it’s sold

[@JerryPinkas]

Everyone needs a place to live. If you are paying rent, yes now is the time to buy. When you lock on on a 30 year mortgage for the lowest rates in history.

[@ypreuc]

So 495,000 house should be worth it bcuz the low interest rate. But what With a low interest rate a 30 year fixed and also 20% down is that still a good deal if you have the 20% down but what if you don’t have that 20% down or not much of a down payment to put down

[@JerryPinkas]

@@ypreuc Good question! Think about inflation! Many people are sitting on the sidelines waiting for things to cool down...Unfortunately, they are getting even further away from actually purchasing because the prices will continue to increased even further. Why? This government will continue to print money and will not let the economy drop. The problem with that idea...it causes inflation and in many cases will cause massive inflation. This means today's high prices will look like a bargain. I did a video about that. Did you see it? kzbin.info/www/bejne/l6LKn5JmdpmHicU

[@ypreuc]

@@JerryPinkas very good information ty ty ty I’m going forward with working with a realtor I appreciate your input

[@JerryPinkas]

@@ypreuc Thank you. Glad this is helpful.

[@cynthiagraham4046]

Hi Jerry, who do you recommend in Myrtle Beach for getting pre-approved for loans. We will be in the area in early April and if we find a house we want to jump on it.

[@JerryPinkas]

Depending on what type of home you are looking for, would determine who we would recommend. Feel free to call our office 843-839-9870. We are here to help.

[@vcab6875]

Outstanding

[@JerryPinkas]

Thank you for watching. Glad you enjoyed this video. Thanks for commenting.

[@monkeybone1485]

I can’t just keep renting for the next 5 years either. Rent is expensive too and it keeps going up up up At least my payments will be stable if I buy. I just don’t want to buy a shithole for $300k but it looks like that’s where this is going. Mid 2000s all over again with prices and it just makes me so pissed. Either let the foreclosures happen now or kiss first time buyers goodbye. We need supply up now!!

[@JerryPinkas]

Well your right, all the money you pay in rent just goes away with time. But if you own, at least part of that payment goes to you and your future. You also get the tax benefits as a home owner. Whether home prices are up or down, when you are a homeowner at least your payments are stable if you buy. Thanks for watching! See you in the next video.

[@FlyingFun.]

Not true if and when interest rates go up. But overall buying is best if you can do it. I was paying 18% interst rates back in the 1990s , just think about that for a moment and what that might mean to your payments.

[@Jack-russell103]

@@JerryPinkas what tax benefits? I dont get any

[@JerryPinkas]

@@FlyingFun. Exactly...If and When interest rates go up! I paid 13% interest on an investment property and though I had a good great when others were paying 16 to 18% interest! It makes a huge difference in how affordable monthly payment is. Thanks for watching! see you in the next video.

[@JerryPinkas]

@@Jack-russell103 IHomeownership has many benifits! I'm not an accountant or tax advisor...but.... here's what the tax policy center says "homeowners still may deduct mortgage interest and property tax payments, as well as certain other expenses from their federal taxable income. Additionally, homeowners may exclude, up to a limit, the capital gain they realize from the sale of a home"

[@andrewbrenner425]

In Canada here. Things are going stupid nuts here. Single detached up 8-10 percent PER MONTH! 30 percent year over year. People are just pickled in debt. This is not going to end well....

[@JerryPinkas]

The bigger problem is inflation! Did you see the video I did on that? kzbin.info/www/bejne/l6LKn5JmdpmHicU

[@aahmad100]

In your opinion when is a good time to buy? this year or next year?

[@JerryPinkas]

That all depends on where. As I mentioned in the video it's important to consider if it is located in an obsolete area or where people are migrating too. Thanks for commenting. See you in the next video.

[@nelsoncanelas1978]

What I want to knoe is if it’s a good time to buy a home? Been saving for quite some time and have 80k saved up and really been wanting to get my home and stop wasting my hard work money on rent

[@JerryPinkas]

I did a video “if it’s a good time to buy a home” ? kzbin.info/www/bejne/aqmnm4akptypsNE

[@ZaRainBoW1]

I would buy if 80K enough to cover ur downpayment, closing costs and insurance, and plan how many months could you use remaining saving to back up your mortgage. Interest rate is fluctuating this month. Soon interest rate will rise above 3%. Take advantages of using rent payment to pay mortgage.

[@raylemar2386]

The cost of lumber is driving prices.

[@JerryPinkas]

Your right, but it is just one of the many reasons. Inflation on all building materials, strong buyer demand, and less available homes for sale...all drive prices up. Thanks for watching and commenting! see you in the next video.

[@raylemar2386]

@@JerryPinkas, thank you

[@JerryPinkas]

@@raylemar2386 Thank you!

[@larrydemonte2218]

The rental market is very hot, a family will always want to buy a house it’s a flight to quality, food water shelter, interest rates still be very long, and you have this migration going on all over the country right now

[@JerryPinkas]

Very true Larry. Thank you for watching. See you in the next video

[@margaretwalter1731]

depends on location

[@JerryPinkas]

100% True! Some places are not going up in value, and other places are doubling in value.

[@joshm.2216]

Any benefit we may have had by lowered interest rates were all washed away by the rising prices. In some cases made it worse. Here in San Diego the interest rates dropped 1% but home prices shot up 20%. lowered rates actually made it worse for us trying to buy because now we have to pay higher property taxes as well. Last year I looked at very modest homes for 400k... after the rate cuts the same homes are now selling for 500k+. It's crazy.

[@JerryPinkas]

Your right it is crazy...but housing prices around the country remain at record highs as we move forward. Climbing prices have not kept buyers away. This has been a time in our lives that continues to break all the rules.

[@gr8macaw1]

It’s crazy here in SoCal where I live they are advertising little 3 bedroom 1,300 sq foot houses like I own for between $3,000 - $3,500 a month. How on earth can a regular family pay that much rent?

[@JerryPinkas]

@@gr8macaw1 WOW! That is exactly what there is amass exodus from places like California and New York. Thanks for commenting and watching!

[@justincesarski314]

Market is RED HOT in south CLT. Waiting it out. I think a good entry point will be in 2-3 years vs renting.

[@JerryPinkas]

I hope prices don’t go up so much that it doesn’t make it affordable for you. If your looking long term... like 15, or 30 years down the road, prices will go up and down but these low rates today are the lowest they ever have been. If inflation gets worse in the future (as everyone is talking about) it could be a matter of affording a payment. Thanks for watching and commenting. See you in the next video.

[@leinad5243]

Simple...its money printing....liquidity tidal wave...free money

[@JerryPinkas]

Agreed that is another one of the reasons. Thank you for watching. See you in the next video

[@NBKOUTO]

I am looking to buy a condo. I keep seeing units coming up for sale from this one development, the pictures look nice, but should I be concerned that something is wrong?

[@JerryPinkas]

Without diving deeper into the specifics of a particular building...Each one of them has there own dynamics. Some you want to run away from...others you may not even see, because they are in demand, and there aren't any for sale at that moment. If there are a ton of listings in one particular place...especially in a hot market, usually there is a reason. If its related to Myrtle Beach SC real estate, feel free to call our team 843-839-9870. They can let you know. Thanks for watching. See you in the next video.

[@maxsonmusic6104]

Don’t. I bough condo in nice gated community. Problem is neighbors can be loud or jerky. Save for a small house better. Walls detached. I can’t wait to buy house soon 🙏🏼🙏🏼🙏🏼🙏🏼please Lord make it happen sasssss☺️

[@JerryPinkas]

@@maxsonmusic6104 Thanks for commenting. Single Family Home, Town House or Condo, Every neighborhood has a different vibe. Some prefer one over the other, but each has its advantages and disadvantages. Wishing you success with your search and your new home! See you in the next video. :)

[@Slingersbullseye]

The prices imo are propped up for the ones not in the know because it makes the economy look bullish however FED prints money increases the price of goods and resources *inflation* it's a cycle we've seen before like some of the comments said only time will tell, Cali and Oregon if you're looking at the west coast end the eviction restrictions end between 05/21-06/21 most are lifting not throwing tenants out till 04/21 so it's getting close to that by the end of this month and after the stimulus round 3 goes out, it should start to dip soon enough after that. So the second quarter going into the third quarter will determine economic strength or weakness and the house of cards should fall if the latter. Imo if you're looking for answers research the vicious cycle, what occured before or when the stock market is propped up, housing market and inflation, this all plays a role with policy/ACTS, politics, economics. So there is no real answer, if you're in the market like myself play it safe, idk if this housing market is considered a *bubble* right now! low-key it could be I'm not a realtor or a financial investor or advisor, if you'd waited this long like me what's another 6 months 1 year the prices have fluctuated and sometimes it's up $10k or down 10k so play it smart don't buy on the bubble if this indeed is a bubble, the market is in demand and there are plenty of homes across the board/US supply is there as well, prices have doubled in some cases/states. good luck 🍷

[@JerryPinkas]

Truly appreciate you watching and commenting. Real estate does have upsa nd downs, just like every investment, but everyone needs a place to live and call home so there is that added feature along with tax deductions. Many 'common man' has been able to create wealth and financial stability through properties I have personally seen many who are living a good life and very excited when they have their property paid off. Long term investments always wins. The biggest issue we have right now is inflation. I did a video about that did you see it? kzbin.info/www/bejne/l6LKn5JmdpmHicU

[@Slingersbullseye]

@@JerryPinkas no not yet I will check it and yes inflation is a huge factor

[@doironch]

A lot of peoples move from big city because the lock down.

[@JerryPinkas]

Your right Chris. But that's only one part of the reason for this shift & migration. Leaving high taxes, cold weather and many other reasons, there is a huge pent up demand to get out and travel. Thanks for watching. See you in the next video.

[@Tony-hx2fj]

only way home prices will drop for any length of time is if 100,000,000 homeowners die in USA in an epidemic, then prices will drop and not return for about 20 years. price means nothing if you get a home now with 30 year mortgage @ 3% and plan to live in it . People that buy should not be allowed to repurchase a home for 10 years after foreclosing simply because house is worth less than mortgage unless they do infact loose their job and all other assets are depleted. Just like stock market, if you buy high and sell low, that is your loss( my way of buying stocks)

[@JerryPinkas]

Thanks for watching and commenting. Many people are sitting on the sidelines waiting for things to cool down...Unfortunately, they are getting even further away from actually purchasing because the prices will continue to increased even further. Why? This government will continue to print money and will not let the economy drop. The problem with that idea...it causes inflation and in many cases will cause massive inflation. This means today's high prices will look like a bargain. I did a video about that. Did you see it? kzbin.info/www/bejne/l6LKn5JmdpmHicU

[@scottrussell6717]

I live in western Kentucky and houses have more than doubled.. its freaking nuts

[@JerryPinkas]

Thanks for watching and commenting. Wow... who would have ever guessed prices would double! Biggest issue we have moving forward now is inflation. I did a video on that did you see it? kzbin.info/www/bejne/l6LKn5JmdpmHicU

[@scottrussell6717]

@@JerryPinkas you could buy a really nice house for about 50000... now same house would be 120 to 130... I found a 100 year old trailer.. lol .. in 1 acre... didn't look livable... 1 year ago you probably get it for 10 or 15..... they was asking 59... its absolutely nuts

[@JerryPinkas]

@@scottrussell6717 If you own real estate your doing well. Lots of people making big money in real estate.

[@fareshajjar1208]

The mother of all market crashes is coming. That will affect real estate.

[@JerryPinkas]

Did you watch the other video I did about that? kzbin.info/www/bejne/b4mlgGieq5qDe7s Gurus have been predicting the end of the world for the last 30 years. All while people have made money in real estate. Whether the economy is up or the economy is down people have made money in real estate.

[@fareshajjar1208]

@@JerryPinkas I think RE will be the best place to be. But RE will be affected when the market crashes. I enjoy your content very much.

[@JerryPinkas]

@@fareshajjar1208 Thanks for commenting and watching.

[@vivianmolina6302]

Yes and its going to be bigger than ever

[@JerryPinkas]

​@@vivianmolina6302 What is going to be greater? The inflation that is currently happening or the Hyper Inflation? When every day the Dollars in your wallet go down in value and the hard assets you own go up in value.

[@samueltorres9141]

I have money saved ready to buy

[@JerryPinkas]

Thanks for watching and commenting Samuel. Love it when a long term plan comes together! Everyone has to live somewhere we wish good luck in finding your next home! See you in the next video. :)

[@AngelsTravelUnravel]

250-280 hahaha why a joke you try that in NJ and NY you’ll live in a shack I wish I was getting a house down in SC

[@JerryPinkas]

Your right, home prices are 2 to 3 times less here in Myrtle Beach. Its just one of the many reasons your neighbors are moving here :) Great beach life, low taxes and low cost of living. Did you see this video - NY + NJ PAID ME TO MOVE To Myrtle Beach South Carolina - kzbin.info/www/bejne/b3aqf3Rogrp1aaM

[@AngelsTravelUnravel]

@@JerryPinkas I’m going to contact you if my job ever goes full remote lol

[@garybowen7795]

Calls most of the people that lost their jobs were in retail working part-time and restaurants and other subprime jobs and they didn't buy houses anyway so that's why the prices aren't falling but it's true there are some people who got laid off or lost their job but the percentage is very low and the prices are going to go up because every time we have a downturn there's always a reset and everything goes up higher

[@JerryPinkas]

I did a video about that... Crash Canceled? kzbin.info/www/bejne/fp-4faGXa9iVbMU

[@garybowen7795]

Another thing too as the interest rates are so low in my lifetime they have never been this low and that allows more buyers to compete for the houses which also drives the prices up it's a no-brainer and secondly another thing everybody knows the Democrats now that you're in office will raise taxes and hopefully a home will be the only thing you will have for write off unless they get rid of that and the increase in minimum wage will drive the labor cost of housing up along with the materials that it takes to build the houses and another thing The New Normal will be a lot of people working from home they don't have to be in the San Francisco office complexes doing their Tech work they can do it from home which means there will be no turn over in housing because everybody will be staying home and this will also cause the price of homes to go up because everybody's got to have a place to live and it's called supply and demand the free Marketplace

[@jasonrose1758]

Wish I was there now

[@JerryPinkas]

Long-term goals right Jason? Maybe you could do like the movie The Wizard of Oz? "Click your heels together three times and say 'There's no place like home' and you'll be there." See you soon!

[@jasonrose1758]

@@JerryPinkas no Jerry.two decks on this rehab...sell...an I'll be in touch soon.

[@JerryPinkas]

Whenever your ready just let us know. Hope you’re having a good day

[@Grimjack13]

Morbid but maybe if the cerveza were as bad as spouted there'd be less competition for housing.

[@JerryPinkas]

Something else to consider is the complete opposite... a baby boom! Couples not going out, staying home with fewer entertainment options. I guess time will tell! Thanks for watching. See you in the next video.

[@sunilsingh-ur1ly]

There is some paradox here, at one point you said that's multiple years of inventory, the very next moment you said theirs high demand??

[@JerryPinkas]

Thanks for watching. Yes I did say that places like NY Manhattan Has multiple years of inventory based upon the current buying and absorption rate. Next I did say that there is extremely high demand for homes in other places around the nation. There is a major migration going on and I was speaking about where people are moving to and where places are obsolete. Thanks for commenting see you in the next video

[@MrWaterbugdesign]

7:49 First time home buyers imo are what's adding to the other factors that is really the "new thing". I heard a NewsHour story saying this is millennials started to buy houses. Millennials have been less inclined to buy their house than people before them. But they have been getting married and having babies which pushes them toward buying. The covid happened and many millennial found they could work from home indefinitely. Their employers are doing whatever they can to enable working from home. And this makes perfect sense to millennials that many jobs can be done better from phone. They're more comfortable with the idea than older workers. It looks to me covid was a tipping point, sped it up. When some millennials start buying they post every detail of their lives online. And of course what they post is a highlight reel so other millennials read this posts about moving out of the city is just the best idea ever. Not wanting to be left out other millennials rush in too. If this is right I can see a pretty big supply of millennials looking to buy. This could go on 18, 24+ months. No idea how hot the market will be or not be. That will depend on other things like jobs and salaries. If jobs get hot, Fed keeps rates and down and inflation at least somewhat in check as they intend it could be a pretty hot market in many areas. The most interesting areas will be the bigger cites. Especially commercial property. Another interesting thing is people are watching this trend of working from home but I haven't heard anyone talk about what's next. Other than some saying the millennials will miss the cities and move back. Sure, some of course. But there's a possibility something new will be created. Looking at Digital Nomads I think maybe that type of thing could spread within the US. Co-working spaces. Many small towns in the US have a lot of boarded up and/or extremely cheap retail type buildings on main street. I can see some of these being converted to co-working spaces for the working from home people in the area.

[@christophersaya8727]

I just put an offer on a new build home (earnest money) will be complete in June, here in Seattle. The development is an hour and a half away from the big city out in the middle of the mountains and have a few hundred homes and they're selling 11 homes a day with people not even looking at him it is nuts

[@briancooper6608]

Well in those citizens defense they need to buy them before jay Inslee and his cronies snatch them up and run the prices higher

[@JerryPinkas]

I’ll bet you have made money and built equity by the time you even move in! Thanks for watching and commenting. See you in the next video

[@JerryPinkas]

Prices are moving up from consumer demand and building costs. People are buying today and making money even before they moved in. Thanks for watching and commenting! See you in the next video.

[@VaajmooByte]

Lowest interest rate ( sweet sugar coat ) stock market up people has more money in stock and 401k. But I come to expense is out of c

[@JerryPinkas]

Thanks for watching! Many have many money in the stock market and in real estate and are taking a little money off the table, diversifying and re investing. Thanks for commenting. See you in the next video.

[@luismorales8164]

“Homes for $200-$250k” laughs in Californian

[@lollyyang5128]

A shed

[@JerryPinkas]

Thanks for watching and commenting! Sounds like it may be time to move! :) See you in the next video

[@JerryPinkas]

A tiny house? Thanks for watching and commenting.

[@springer-qb4dv]

You can buy a real house for $200-$250K in california. But it will not be in area where you want to live. Either very remote areas or very high crime area take your pick. Realestate market is inefficient, so once in a while you might get a great deal, even in California.

[@JerryPinkas]

@@springer-qb4dv Thanks for watching and commenting! Just like everything in life... In real estate, it's all about location, location, location. Take the same house and put it on the beach and the price changes. See you in the next video.

[@PradigyMusicman]

Money is too cheap too borrow, foreclosures aren’t allowed to happen, shortage on lumber for new construction, national migration people seem to be leaving higher income markets for places in north and South Carolina for example and now sellers are not selling bc they can’t buy. I feel that the only solutions for the Carolinas is higher mortgage rates and allowing foreclosures. However I do think once COVID is gone the migration will slow down greatly

[@JerryPinkas]

Thanks for watching and commenting. You have all good points.

[@PradigyMusicman]

@@JerryPinkas thank I’m a realtor in Charlotte but this is my music channel lol. We are seeing crazy things right now and it’s sad at the same time be I people are really struggling to get homes

[@EconomicHousewife]

Exactly what's happening here in Texas (I'm in North Dallas). My husband and I were looking to buy a bigger home further out north. We bought our home as a foreclosure in 2014 for 168k, can easily list on market for 300k, and buyers will swoop in and bid up at least 20k. If we sell we'll have a pocket full of money, but where will we live? It's 5 of us, him, myself and our 3 boys. There's no way I would buy anything now, market is overpriced. Then you have people swooping in from literally all over, because compared to the rest of the country, Texas real estate and the south overall is still somewhat affordable, compared to the rest of the nation, but I don't think that will be like that too much longer. I think California's high overvalued market is a prequel to what the nation as a whole will eventually get to. Even when all these eviction and foreclosure memorandums in place, when the memorandums end, and the foreclosures hit the market, there won't be a crash because the demand is so high, plus you have people on the sidelines, like myself, waiting to buy. Yes, rates are higher than what they were literally just a few weeks ago (literally 3% vs. low 2%). It seems like it's not too bad bc of what they used to be when they were 13% and 9% and 7% etc. But with low interest rates, and inflation on the rise, the value of the dollar is decreasing, and fast. Feds have said they are not raising interest rates, but prices are going up? Things are about to hit the fan. It's a complete setup for an economic reset. Unfortunately people really don't understand the very basics of economics that is evident in our everyday lives, but not taught to us as a fundamental in early years of school. The government is giving away free money to people, not to say people don't need the help. But the reality is it's doing more harm to the economy than good. Giving away money like that actually devalues the dollar and, that's what is causing this inflation. Foreclosures aren't hitting the market at their average pace, causing a low demand of homes, and rising prices since the demand is far advancing the supply. This is why we see the cost of commodities, like keeping a roof over our head, food, gas, etc. going up. I don't think the housing market will be the next to crash. It will be something far worse, perhaps the dollar itself. It's so sad because this will impact the world globally. The middle class is being wiped out as I type this. Covid is ushering in a brand new economy at the expense of people (to control population), and for the love of money.

[@JerryPinkas]

@@EconomicHousewife absolutely! Thanks for watching and commenting.

[@JerryPinkas]

@@PradigyMusicman I hear ya. My fear is waiting on the side lines and getting prices out!. Thanks for watching and commenting

[@mr.unknowncali-life9350]

I may buy a house this year they give a interest of 2.6% but the house it’s a new built , was going to be worth $229 but now it’s at 249k . I believe house market won’t crash unless maybe huge city’s but in my city no one has lost there job and prices keep going up I don’t think it will go down

[@JerryPinkas]

Sound like you made a smart decision! And when you move in you already made money! Good luck with your new home. Thanks for watching and commenting. See you in the next video.

[@mr.unknowncali-life9350]

@@JerryPinkas thank you sir have a great day

[@JerryPinkas]

@@mr.unknowncali-life9350 Thank you. Hope you have a good day too.

[@glowy303]

The housing market is beginning to correct - in December prices were 1% lower than in November. This is in the UK, mind.

[@JerryPinkas]

Thanks for commenting. I'm sure winter month sales are the slowest time of the year in the UK? Here in USA, Myrtle Beach South Carolina they are selling fast and inventory is low. See you in the next video!

[@pixelmartyr8532]

DON"T BUY A HOME! THE PRICES ARE NOT REAL!

[@JerryPinkas]

Did you watch the other video I did about that? kzbin.info/www/bejne/b4mlgGieq5qDe7s Gurus have been predicting the end of the world for the last 30 years. All while people have made money in real estate. Whether the economy is up or the economy is down people have made money in real estate.

[@ferencmakra1764]

@@JerryPinkas of course they are. For the educated and sophisticated investors this is paradise. Recessions are the best and easiest time to create wealth.

[@JerryPinkas]

@@ferencmakra1764 thanks for watching and commenting!

[@nikkipage5314]

Just like 2006 2007, then the crash. I predicted 2022, follow the historic trends. The house prices went up longer than the traditional 7 year up 7 year down. Usually recessions come in 10 year cycles, but the first wave of boomer retirees forced that up an additional 3 years. So instead of a recession in 2018, it will take an additional 3 years, Here we are 2021, but due to forebearance, we add one more year for the smoke to clear, 2022. The deals will be phenomenal. I hope to get a USDA Direct loan at that time.

[@JerryPinkas]

Did you watch the other video I did about that? kzbin.info/www/bejne/b4mlgGieq5qDe7s Gurus have been predicting the end of the world for the last 30 years. All while people have made money in real estate. Whether the economy is up or the economy is down people have made money in real estate.

[@scottrobbins6216]

Tucson is flush now very low inventory extremely high demand ...

[@JerryPinkas]

Low inventory here as well. Is just part of why prices keep going up. Thanks for watching and commenting. See you in the next video.

[@scottrobbins6216]

@@JerryPinkas Thanks Jerry I just subscribed to your channel. If interested I will keep you updated on the Tucson market. We are seeing the So.Cal and eastern state influx. Example a home is listed here and immediately offers are made many times much higher than asking price.

[@JerryPinkas]

@@scottrobbins6216 Thank You Scott! Hope you are having a great day!

[@scottrobbins6216]

@@JerryPinkas 63 degrees and sunny

[@bobjeffrey8863]

This is the HOTTEST Housing market in the last 20 years.. BECAUSE the entire "babyboomers" gen are retiring in mass.. The next drop in prices will be 15 years from now when they all start dying off.. You're welcome

[@JerryPinkas]

Absolutely! Thanks for commenting! It's the biggest part of the equation that people forget. They have saved all their life for this time. It is not a matter of money... it is their time. Thanks for watching. See you in the next video.

[@Sum-zb7yu]

It’s bad for landlords ppl who didn’t pay rent in the first placed getting a free ride horrible!!

[@briancooper6608]

Yeah bottom line is government has to much control.and it just got worse

[@JerryPinkas]

My Mom always told me there’s no such thing as a free lunch. Thanks for watching and commenting!

[@JerryPinkas]

I have always said, just watch your personal bubble. What ever the rest of the world is doing can effect you, but watching what you can control gives the greatest returns. Thanks for watching and commenting. See you in the next video.

[@acapulco1231]

Hello. My houses 2 are paid off. Credit score is 850+. I owe nothing.... Yet Can you please tell me when is the good time to buy an investment in Salt Lake ?.... Thank You

[@JerryPinkas]

Sounds like you have made smart moves for your future. Its not about the price or the investment properties are all about the cash flow! If that is right...then the time is good. If the economy is up or the economy is down don't try to time it, always look long term! As far as purchasing an investment property...Interest rates have never been lower. Its a good time to lock these low rates for 30 years. Don't over extend your self and you will be happy in the future! Hope that helps. Just trying to be as helpful as possible.

[@acapulco1231]

@@JerryPinkas Thank You!!

[@knowitall3892]

Do a video on where ppl are moving so I can get an appraisal certification in that place

[@JerryPinkas]

Appraisal certification? Not sure how to rely on that. If you are looking for areas...People may be moving to certain areas, but an appraisal is based on the specific plot of ground and property. I can tell you from personal experience that the Myrtle Beach, South Carolina area and 65 miles it encompasses is seeing huge growth! I did a video about that did you see it? kzbin.info/www/bejne/g6SUk3t9i6ZgbK8 Thanks for watching and commenting!

[@AaBb-fb8yz]

There is so much WRONG with this video. I don't know where to start... PEOPLE ARE NOT LIVING LONGER! Average lifespan has increased because less babies are dying due to things like antibiotics and better health care. Wages haven't kept up with housing prices. Average price of a home is beyond affordable for median household income, especially for first time buyers. People that bought in 2006 lost money on their "investment" etc etc etc

[@JerryPinkas]

Thanks for commenting. Did you watch the other video I did about that? kzbin.info/www/bejne/b4mlgGieq5qDe7s Gurus have been predicting the end of the world for the last 30 years. All while people have made money in real estate. Whether the economy is up or the economy is down people have made money in real estate.

[@kimmer6]

Wow. A house for under $300K? I'm 28 miles N.E.of San Francisco. The house down the street was on the market for 3 weeks. It was listed at $1.67 million and its in escrow for more than that right now. Holy smokes! Who has this kind of money and qualifies for that kind of loan? Its a nice street but these are 4 br 2 bath homes built in the 1970's. Maybe these guys are thinking it will be worth double that in a few years. Who knows. I think it will be cut in half when the foreclosures begin in earnest.

[@JerryPinkas]

Thanks for watching and commenting! My biggest concern is affordability for the average person. We see prices everywhere around the nation continue to rise week after week. Many people are sitting on the sidelines waiting for things to cool down...Unfortunately, they are getting even further away from actually purchasing because the prices will continue to increase even further. Why? This government will continue to print money and will not let the economy drop. The problem with that idea...it causes inflation and in many cases will cause massive inflation. This means today's high prices will look like a bargain. I did a video about that. Did you see it? kzbin.info/www/bejne/l6LKn5JmdpmHicU

[@kimmer6]

@@JerryPinkas Thanks, Jerry. I watched it. It helps to have input about possible paths our uncertain and scary future. In 2017 I sold some property and bought my son and daughter in law a better home than mine. Smaller, but previously owned by a contractor who was a perfectionist. Oh, that inlaid oak floor!!!! Its in the San Francisco East Bay where an outhouse on 400 square feet sells for $250K... A random conversation with the owner at his garage sale led us to hammer out a deal we could both sleep on. He used an online realtor who arranged escrow, documents, title insurance, inspections, etc. The terms... 10 day escrow, all cash to seller, as is. The Title Company even hand carried the documents to the County to record it hours before the Labor Day Weekend started. The home they admired for months was finally theirs and was paid off before the key went into the door. It was one of my prouder moments as a dad.

[@polskigirl8547]

If I were to sell my home now it would be more than double the price I paid for it 5 yrs ago....

[@JerryPinkas]

Thanks for watching and commenting. Sounds like you have a really good investment.

[@HandcraftedintheFoothills]

We've had people knock on our door and offering 100K over what we paid in 2019. It's absolutely nuts right now. Problem is you cant find another house to replace what you are selling.

[@JerryPinkas]

@@HandcraftedintheFoothills Absolutely! Its not a problem with owners. If you own property...you are going to make money! Its about finding your next new home!

[@workoutenergy]

Oh just wait. Its coming! The ten year yield is creeping up and the FED can't do anything about it. Don't buy now!!! Its going to be 2008 all over again but worse.

[@migueis007]

Can you explain the connection ?

[@JerryPinkas]

Thanks for commenting Tyson. Not sure if you watched the entire video? The gurus have been predicting the end of the world for the last 30 years...all while some have been making money. Whether the economy is up or the economy is down...there have been many who have made money.

[@luannkelly5071]

Won't happen for quite awhile. Inventory is so low.

[@JerryPinkas]

@@luannkelly5071 That's the truth!

[@unitedwestand5602]

@@luannkelly5071 inventory will skyrocket once mortgage forbearance ends..... and it will end badly