Why buying a house in the US is so hard right now

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Күн бұрын

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@Raniyanhunter 13 күн бұрын

Stock investment is currently better than real estate because it offers greater liquidity, allowing you to buy and sell quickly. It also requires less initial capital, making it more accessible, and you can easily diversify your portfolio to spread risk. Plus, with technology, managing stock investments has become simpler and more efficient.

@garnold-l5p 13 күн бұрын

Back in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet. in terms of smart investment, i believe the stock market has been really beneficial,especially with the help of a financial adviser.

@Mlanderos-t9e 13 күн бұрын

The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

@Anessa-gibson 13 күн бұрын

Could you kindly elaborate on the advisor's background and qualifications?

@Mlanderos-t9e 13 күн бұрын

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Teresa L. Athas’’ for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

@Anessa-gibson 13 күн бұрын

I just looked up her website on google and I would say she really has an impressive background in investing. I have sent her an email hope she gets back to me soon. Thanks

@matthewklitzke2970 11 ай бұрын

Worst financial mistake of my life was not buying a house when I was 4 in 2008

@mikea5745 11 ай бұрын

I made the mistake of spending my money on college in 2008 instead of buying a home. Double whammy of a bad decision there

@BitMilkshake 11 ай бұрын

No it was not buying bitcoin when you first heard of it

@mtt59 11 ай бұрын

did you not pay attention in your preschool economics class? smh

@monkey_gamer_001 11 ай бұрын

😂

@BitMilkshake 11 ай бұрын

@@mtt59 have fun staying poor 💩

@IamJonny-o4v 11 күн бұрын

More immediately than a collapse in the stock or real estate markets, inflation directly impacts people's standard of life. It is hardly surprising that the present market attitude is so negative. If we are to live in this economy, we are in dire need of assistance. ETF and stock markets are still unpredictably volatile, just like the housing market. My $370,000 portfolio has been reduced to rubble.

@LUCIASMITH-d1z 11 күн бұрын

A lot of people are still making huge returns on investment this period. You just have to be very grounded or solicit the help of a professional.

@LUCIASMITH-d1z 11 күн бұрын

Most investors can't handle a crash since they are accustomed to bull markets, but if you know where to look and how to get around, you can profit handsomely. It depends on your entry and exit strategy.

@tatianastarcic 11 күн бұрын

In my opinion, it was much easier investing back in the 80s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.

@JacobsErick-u8r 11 күн бұрын

My partner’s been considering going the same route, could you share more info please on the advisor that guides you

@tatianastarcic 11 күн бұрын

Google Melissa Terri Swayne and do your own research. She has portfolio management down to a science

@graceisNERD 11 ай бұрын

I don’t want to own a home as an investment. I want to own a home so I don’t have to move every couple years. I want to own a home so I can paint the living room. And sure, I don’t want to be throwing away all my rent money that could go towards actually owning something.

@nicholasmorello6370 11 ай бұрын

Right these Vox people are out of touch

@aolvaar8792 11 ай бұрын

I signed a 30-year lease in the Bay Area in the 80's after 15 years they offered to buy me out.

@kevinmcfarland4322 10 ай бұрын

You could say all that money you’re paying for a mortgage is being thrown away too because the majority of it is going to the bank in the form of interest for the first decade at least

@aolvaar8792 10 ай бұрын

@@kevinmcfarland4322 "All the money"??? Some of the money. I checked my loan, in year 8 of 30 more to principal than interest.

@christophercobb249 10 ай бұрын

Unless you paid for that home in cash upfront, isn't your mortgage payment just making a financial company more profit? Unless you were born into generational wealth, inherited it somehow, or bought your home in an economically depressed area, who can honestly afford to purchase a home in the US in cash? (I'm excluding other countries because the financial situation for every country is so vastly different. Suffice it to say, the cost of purchasing a home looks vastly different, depending on where you purchase it.)

@alexsteven.m6414 4 ай бұрын

From my analysis, people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.

@fresnaygermain8180 4 ай бұрын

I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!

@edelineguillet2121 4 ай бұрын

I need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor?

@valeriepierre9778 4 ай бұрын

The adviser I'm in touch with is "Sharon Marissa Wolfe" she works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else, for me her strategy works hence my result. she provides entry and exit point for the securities I focus on.

@FerrariTeddy 4 ай бұрын

WARNING SHARON MARRISA WOLF IS A HORRIBLE PERSON AND A LIAR!!! SHE STOLE MY MONEY AND SWATTED MY HOME WHICH RESULTED IN MY ELDERLY UNCLE BEING SHOT AS HE SAW WHAT THE COMMOTION WAS ABOUT!!!!!!

@likashing100 4 ай бұрын

I got total loss for US$150,000 in Hong Kong Stock market and my home value in the past few years. So upset that was all my money save since I graduated from university😢

@danielkjm 11 ай бұрын

*Treating a home as an investment rather then a basic need is the problem*

@balloonredd 11 ай бұрын

thats correct daniel

@Mlac93 11 ай бұрын

Yep. Homes can be an investment or they can be affordable...they can't be both, at least not forever.

@triadwarfare 11 ай бұрын

Hopefully no crypto adviser hijacks this conversation

@freddytang2128 11 ай бұрын

Huh food and oil are basic needs. But do you tell farmers or oil producers "give me your products for free or cheap because its my human right, and dont you dare think of your work as an investment"

@wdanieldinsio 11 ай бұрын

For home owners this is a good thing, for banks and corporations to make a necessity a commodity is a sin.

@AngellLevey 28 күн бұрын

"Retirement isn’t an end goal, but a journey best secured by careful and consistent investments."

@Wlad-v2w 28 күн бұрын

Well said! Retirement is the reward of disciplined investing over the long term, not just a destination.

@JosephGodwill9h 28 күн бұрын

Well said! My adviser guided me through retirement planning, ensuring my investments were strategically positioned for long-term rewards.

@DanielNoahD3w 28 күн бұрын

That's a great point! Finding a reliable financial adviser would be essential for me to ensure my retirement plans are well-structured.

@JosephGodwill9h 28 күн бұрын

My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further.

@DanielNoahD3w 28 күн бұрын

I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you

@benjamindavidson22 5 ай бұрын

To my own research In USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.

@Johnlarry12 5 ай бұрын

I've remained in touch with a financial analyst since the start of my business. Amid today's dynamic market, the key difficulty is pinpointing the right time to buy or sell when dealing with trending stocks - a seemingly simple task but challenging in reality. My portfolio has grown by more than 5 figures within just a year, and i have entrusted my advisor with the task of determining entry and exit points.

@carolpaige2 5 ай бұрын

Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.

@Johnlarry12 5 ай бұрын

Finding financial advisors like Carol Vivian Constable who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

@carolpaige2 5 ай бұрын

Carol has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.

@Alxium 11 ай бұрын

I like how this completely ignored the fact that hedge funds are buying an large percentage of single family homes as investments. Also ignored wild renting prices as well. And the solution given was for young people is to "invest" in other things. Basically "you don't need to own your home". That is disgraceful. I don't CARE about investing in a home. I want a home so I have somewhere to LIVE.

@johnelliottart 11 ай бұрын

Exactly. I don’t care about making money. I just want a place to live. The rental market forces my housing expenses to increase every year. I don’t really want to buy a home in this market but I fear I won’t be able to afford to live anywhere if I don’t buy a house now. All I can do is lock in a mortgage payment and hope my salary goes up. Maybe refinance if interest rates drop.

@covfefe1787 11 ай бұрын

thats how poor people stay poor. Your house is not only a place to live but an investment too so treat it like an investment your house is your net worth and social status dont hate the player hate the game.

@johnelliottart 11 ай бұрын

⁠@@covfefe1787That’s making a big assumption. Currently our dual income is $145k. We live in Utah with 3 kids. Most people would not consider that poor by any means. Both of us have savings/retirement and manage our money responsibly. Both of us came from poverty. We did not have parents who brought new TVs we didn’t need on credit as the poor stereotype goes. Yet we can barely afford a 3 bedroom house/condo etc. in our area. Possibly a 4 bedroom if we want to be house poor. We’re currently losing 100% of our housing money to rent. At least in a house we build equity. Even if the house depreciates, not all the money is lost. We don’t have the luxury of finding a forever home or the best housing investment. We’ll probably live there for the recommended 10 years out of necessity and not because we’re “playing the game.” Who knows if the market will ever be in a place to buy a second home to rent. At this point we’re surviving.

@charlethemagne5466 11 ай бұрын

@@covfefe1787 what an utterly moronic point of view.

@danielp415 11 ай бұрын

What's a "large percentage" and what's your source other than a few high profile articles of blackrock buying start homes?

@slowbro1337 11 ай бұрын

My grand parents bought their house in 1950 for 16,000$ The same home now lists for 400,000$. They were able to afford it with one working as a chocolatier and the other a mechanic. I manage a theater for Santikos and I can barely afford just rent.

@diodelvino3048 11 ай бұрын

accurate, 1970s/80s you could work in a grocery store as a stock clerk , own a house and raise a family. Now?? You can barely rent a one-bedroom apartment

@iantotheh 11 ай бұрын

Quality of that house is probably better than what's built today too

@scholaroftheworldalternatehist 11 ай бұрын

The workforce has been diluted by entry of women and also immigrants pouring in. Wages will not go up since there is plenty of labor.

@aolvaar8792 11 ай бұрын

I bought an unmarketable Fannie Mae foreclosure in 2011 for $50K, Now $500K $214/mo

@Tkenny35 11 ай бұрын

@@diodelvino3048 So true. I live in Huntington Beach CA and my friends dad works at home depot and his mom works at disneyland at the ticket booth. Both been at their job for 30 years and have paid off their house. They bought it in the 80s for like 125k and today its worth 1.3 mil.... They are literally the definition of what you just said. Working legit normal average jobs that dont even need a college degree and were able to buy a home. You cant even afford a luxury apartment with those jobs in todays market.

@Donthaveacowbra 11 ай бұрын

The issue you left out for this was rent prices vs median home prices 😅 rent outpaced even housing

@rph8704 11 ай бұрын

Very few markets are actually profitable to rent. It’s more expensive to buy than to rent at the moment in most population centers of the country.

@ltfreeborn 11 ай бұрын

And also speculators, people who buy and the sell years later for a profit. Its not that there's no supply, but said supply is being bought up by people and corporations that want money.

@ashvio 11 ай бұрын

@@rph8704 dishonest to use negative cash flow as a substitute for "unprofitable". We all know once you account for total asset/liabilities renting is an extremely good way to make money especially on long held assets.

@schootingstarr 11 ай бұрын

Exactly what I wanted to comment as well. When rent is as high as mortgage payments used to be (which are always higher than rent), then instead of creating wealth for yourself, you're only creating wealth for someone else.

@liamness 11 ай бұрын

Yeah, no point pointing to long term alternative investments to build wealth, if people renting have nothing left over to invest each month. In a country like Germany where rents are a little more affordable, and the rights of tenants are stronger, it's easier to achieve financial security through means other than home ownership.

@NicholasBall130 5 ай бұрын

In the early 1990s, when I bought my first home in Miami, first mortgages often came with rates of 8 to 9% and 9% to 10%, which was quite common. It's important to consider that we may never return to 3% rates. If sellers are compelled to sell, home prices may need to decrease, leading to lower valuations. I believe many others share this line of thinking.

@cowell621 5 ай бұрын

I agree, It's not just the prices, but also the increasing interest rates that are making it more difficult for people to afford homes. With a good FA you can make up your portfolio.

@StocksWolf752 5 ай бұрын

Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.

@StacieBMui 5 ай бұрын

Impressive gains! how can I get your advisor please, if you don’t mind me asking? I could really use a help as of now

@StocksWolf752 5 ай бұрын

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Sonya Lee Mitchell” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

@grego6278 5 ай бұрын

I searched for her name on the internet, found her page, and reached out via email to schedule a conversation. Thank you.

@tatianastarcic Ай бұрын

fear a housing crash due to people buying homes above asking prices with little equity. If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.

@Vincent-j8u Ай бұрын

Consider reallocating from real estate to other reliable investments like stock, crypto or precious metals . Severe recessions offer market buying opportunities with caution, as volatility can yield short-term trading prospects. Not financial advice, but it may be wise to invest, as cash isn't ideal in this period.

@nicolasbenson009 Ай бұрын

Agreed, instead of panic or following a hearsay, I simply adopted the service of an advisor early 2020 amid covid-outbreak, and so far, I've attained my most measurable financial milestone of $900k after subsequent investments.

@TinaJames222 Ай бұрын

nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?

@nicolasbenson009 Ай бұрын

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Sophia Maurine Lanting” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

@sharonwinson-m8g Ай бұрын

I just looked her up on the internet and found her webpage with her credentials. I wrote her an outlining my financial objectives and planned a call with her.

@SomeThingElseYT 10 ай бұрын

With the "lack of supply" argument at play here, I would also like to see what that chart would compare to the number of homes purchased by rich "entrepreneurs" who "invested" in homes that are left vacant due to lack of affordability or selling at a loss. The amount of homes that go unlived in because rich people bought them out to sit and sell, artificially inflating the market as a whole.

@maceinater 10 ай бұрын

this is an amazing take, id like to see the numbers behind this

@ab3240 9 ай бұрын

I don't think this is really a thing, especially in any part of the country that houses a significant number of people. Property taxes add up pretty quickly and only like 5 states don't have them. What is happening is affordable housing is being bought up and remodeled to be resold at a significantly higher price to a wealthy buyer. This is evidenced in the video where they show how much housing is going for 1m+ over time.

@SomeThingElseYT 9 ай бұрын

@@ab3240 Property tax is subsided by the amount of profit these rich people or companies see from the revenue streamlined by their evil "business" tactics. They say there isn't enough supply, but the websites Zillow or Realtor would beg to differ. Say you are young and looking for a place to live. Go on these websites to find yourself a home, set your search engine to buy, and the statement of supply and demand seems somewhat factual: homes for sale are plentiful but probably not enough to meet demand. However, switching it to rent, suddenly, the page is filled with home after home, showing a much larger supply for young home seekers. The problem is still artificially inflated, unaffordable prices. Not to mention the costs of health insurance, home insurance, car insurance, dental, eye, groceries, utilities, etc., but that's another topic.

@thevinceberry 9 ай бұрын

Don't forget Airbnb, and companies like Blackstone, Zillow buying up everything in big cities.

@kellharris2491 9 ай бұрын

This is an issue and there is talk about some areas making property price more expensive if the house is vacant too long.

@DonaldMark-ne7se 4 ай бұрын

Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

@Jamessmith-12 4 ай бұрын

I suggest you offset your real estate and get into stocks, A recession as bad as it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short-time buy and sell opportunities too. This is not financial advice but get buying, cash isn’t king at all at this time!

@JacquelinePerrira 4 ай бұрын

That's awesome! Diversifying your 350K portfolio with the help of an investment coach has really paid off. Making over $730k in net profit from high dividend yield stocks, ETFs, and bonds is quite impressive. Your investment strategy seems to be working wonders for you!

@kevinmarten 4 ай бұрын

I just started a few months back, I'm going for long term, I'm still trying to wrap my head around it, who’s this advisor you work with?

@JacquelinePerrira 4 ай бұрын

When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.

@kevinmarten 4 ай бұрын

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

@DoomFinger511 11 ай бұрын

One big factor that was left out of this housing crisis is all the house flippers who started buying up houses, doing some remodeling, then flipping it for a profit. Taking 'fixer-upper' houses that a first time homeowner could have afforded off the market, and reselling it to people with a higher income.

@michaelmish4953 11 ай бұрын

Yes with wild markups

@joeroganpodfantasy42 10 ай бұрын

With this mentality we would still be living in caves cause god forbid someone want something better that might increase the prices for everyone else. Crabs in a bucket mentality. Divide the pie zero sum game .

@benvandemark 10 ай бұрын

Thanks a lot Property Brothers 🙃

@DoomFinger511 10 ай бұрын

@@joeroganpodfantasy42 Not at all, there is a difference between a family buying a house to live in and remodeling it because they want something "better", and a house flipper buying up 10 houses with the intention to flip them. That is the very reason why most gated communities and condo complexes won't allow a homeowner to sell their property until they have inhabited it for at least 2 years.

@christophercobb249 10 ай бұрын

There is a clear difference between someone buying a home with the intention of living in it and later selling it at a profit, and then people who flip houses like vultures seeking the leftover scraps.

@cancerino666 11 ай бұрын

Money being worth less and less and houses more and more is basically a wealth transfer from who bought houses long ago and who works for money right now.

@rickysampson8759 11 ай бұрын

I love lord Biden. Best economy ever. Wages are so high and everything is cheap. Can we just eliminate the constitution and put Biden in forever. Like omg

@littledudefromacrossthestr5755 11 ай бұрын

@SBTRKT88 11 ай бұрын

It's definitely not that simple

@elijahherman 11 ай бұрын

Yep. The laws have always been made to protect old property owners' investment properties...

@moosesandmeese969 11 ай бұрын

@@elijahherman Another way boomers have rigged the economy for themselves and destroyed their kids' future

@tperri123 9 ай бұрын

What if you don't want a home so much as an investment, but as a place you can satisfy the basic need of shelter without getting continually ripped off by some greedy landlord?

@blueciffer1653 9 ай бұрын

You'll need a different kind of economic mode of production for that then

@debbieframpton3857 7 ай бұрын

I didn't buy my home thinking of what the value could be in the future I bought it because I want to own my property and never considered renting.

@wolfyklip 2 ай бұрын

Don't blame the landlord, blame the market value people willing to pay, you don't have to rent it, go somewhere else !!! location location location!

@DocFaust 11 ай бұрын

Weird way to end it. “A house is not your only option” no other options offered. 🙄

@GP-zk9fz 11 ай бұрын

For freaking reals!!! 🤦‍♂️

@DimaRakesah 11 ай бұрын

You could just live in your car! 😮‍💨

@Nonsense116 10 ай бұрын

The video offered two options, stocks and bonds.They have a much lower barrier to entry and you can flex how much you can contribute. If you wanted you could put $50 into the stock market a month. That isn't super great but it's an excellent start!

@fluxophile 10 ай бұрын

@@Nonsense116 Can't live in a stock or bond.

@WarrenF 9 ай бұрын

@@fluxophileit’s 10x better than putting your money in the bank

@Peterl4290 2 ай бұрын

In the current economic climate, a home is not the best investment. I've already sold my Boca Grande area home, but I want to invest roughly $200,000 in stocks since I've heard that even in challenging times, investors may turn a profit. Any excellent ideas for stocks?

@Mrshuster 2 ай бұрын

The truth is that if you make the right picks, you could make killer riches very quickly, although such profit usually needs expertise, as in hedge funds or financial managers. I personally prefer the latter.

@larrypaul-cw9nk 2 ай бұрын

I agree. Based on personal experience working with an investment advlsor, I currently have $985k in a well-diversified portfollo that has experienced exponential growth. It's not only about having money to invest in st0cks, but you also need to be knowledgeable.

@sabastinenoah 2 ай бұрын

How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?

@larrypaul-cw9nk 2 ай бұрын

Annette Christine Conte is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@sabastinenoah 2 ай бұрын

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

@mangos2888 11 ай бұрын

I only ever want these videos written, edited, and published by people who do not own a home

@SteveDutton-v 5 ай бұрын

In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.

@SeanTalkoff 5 ай бұрын

I advise you to invest in equities and offset your real estate. Even a severe recession can offer profitable buying chances in the markets if you proceed with caution. It can also generate volatility, which presents excellent opportunity for quick buys and sells. This isn't financial advice, but buy now-cash isn't the king these days!

@PASCALDAB 5 ай бұрын

You are right! I’ve diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.

@PASCALDAB 5 ай бұрын

My CFA ’’ Sharon Ann Meny, 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..!

@drewgunderson1172 5 ай бұрын

If the market crashes, people will still pay less for their mortgage than they would for rent. They just have to stay in their homes. Few who bought before 2022 will go into default. We will likely see a large increase in Chapter 13 bankruptcy, but I think few will simply go into foreclosure.

@donfanucci1766 4 ай бұрын

think of how many americans you would be hurting by rooting for the value of their homes to crash.

@maszlagma 11 ай бұрын

This is an issue all across the developed world right now, but our boomer leadership seems to believe that it's somehow our fault not working hard enough. It's very distressing.

@goyam2981 11 ай бұрын

They all printed money and enabled capitalists to take advantage of regular people.

@somecharactersnotallowed1319 9 ай бұрын

More Americans are working 2 full time jobs now than ever lol

@carlosfontanez9804 7 ай бұрын

Wall Street journal newspaper costs $5.00. Minimum wage is $7.00.

@newmobile1455 3 ай бұрын

I work part time because I have my own things to do not to fund someone elses dream or as little as I have to

@ronaldreagan-ik6hz 2 ай бұрын

then stop voting for democrats horrible inflationary polices.

@jeffe_77 11 ай бұрын

The bigger factor in my opinion is that institutional investors bought up tons of inventory over the years and renting them back. All those homes that would normally be owned by individuals are no longer available, hence the inventory crunch which begets prices staying high. I wish this video would have addressed this issue. In 2022 1/4 of homes are owned by investors. This year, a significant amount home purchases were by investors.

@ihaventshoweredin7weeksbut792 4 ай бұрын

Private equity firms buy out mature companies with a problem to spin them back into shape and sell them at a higher price due to their increased profitability, so how are they the ones buying the real estate? You probably mean real estate investment trusts or hedge funds.

@tonysilke 7 ай бұрын

I’m a new dad, I moved to the Bay Area a few years ago and I’m thinking of purchasing a single family home, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? I heard Nvidia and AMD are strong buys.

@Nernst96 7 ай бұрын

it’s a personal decision, but according to Forbes, housing activities will remain stagnant for the most part of the year, so maybe hold off a little.

@PatrickLloyd- 7 ай бұрын

well you could put a downpayment on a home and as well diversify as much as you can into Ai and pharm. stocks like Pfizer and JnJ.

@PhilipDunk 7 ай бұрын

Certain Ai companies are rumoured to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I.

@Nernst96 7 ай бұрын

this is all new to me, where do I find a fiduciary, can you recommend any?

@Nernst96 7 ай бұрын

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

@Riggsnic_co 10 ай бұрын

I think a housing crash will happen because all those people who bought homes over asking price, although it was at a low interest rate, they are over their heads. They have no equity if the housing prices continue to go down, and if for whatever reason they cannot afford the house anymore and it goes into foreclosure because even if they try to sell, they will not make any money. I think this will happen to a lot of people especially with the massive layoff predicted for the future and the cost of living rising at a high speed.

@maga_zineng7810 10 ай бұрын

For 2023, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.

@Mohaimam316 10 ай бұрын

I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!

@usieey 10 ай бұрын

You are right! I diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.

@usieey 10 ай бұрын

Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

@papap6255 9 ай бұрын

Generally true for most of the US. However some specific areas can vary, mainly in states such as CA or NY

@Casey-summer 5 ай бұрын

I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?

@sloanmarriott5 5 ай бұрын

"Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such task

@Buffet-walton22 5 ай бұрын

Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.

@lilyhershey1 5 ай бұрын

@@Buffet-walton22 That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?

@Buffet-walton22 5 ай бұрын

Gertrude Margaret Quinto, is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@mellon-wrigley3 5 ай бұрын

I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.

@harveysymes5192 11 ай бұрын

Most people are barely feeding themselves let alone owning a home…

@RossiPopa 9 ай бұрын

It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.

@RusuSilva 9 ай бұрын

I recently sold my home in the Boca Grande area and am considering investing a lump sum into the stock market before the anticipated rebound, couple of folks have been discussing a potential rally, speculating on which stocks may experience substantial growth during the festive season. Do you have any insight into which stocks these might be?

@RichardMoore-jg5tl 9 ай бұрын

Although the economy has so far held up, the SVB scenario serves as a warning that Fed rate hikes are still having an impact. At times like this, investors must be vigilant about the next inevitability. You don't have to act on every forecast, therefore I'll advise you to hire a financial counselor. This has been my fallback position for a while.

@FusunTumsavas-cq7tp 9 ай бұрын

I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?

@RichardMoore-jg5tl 9 ай бұрын

Christine Ann Podgorny is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

@FusunTumsavas-cq7tp 9 ай бұрын

I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

@1_jahwarrior 11 ай бұрын

Can we talk more about this topic please? Because it's probably one of the biggest problems for this generation (Millennials & Gen Z). I know this problem is also caused by the 2008 financial crisis, but a deep dive explaining it all and connecting the dots would really help to put our lives into context and perspective. Most of us in this generation feel useless and hopeless as a result of all this and it's because we don't understand the things at play causing everything.

@markmilitant 11 ай бұрын

Gen X and Baby Boomers destroyed everything for us we even have to burden these high student loan costs

@clairer342 10 ай бұрын

@justagirl4663Can I please use this quote? This is gorgeous, and I want it on stickers, shirts, and signs. This sums up most financial problems in the United States right now, and everyone needs know

@mediocreman2 7 ай бұрын

It's not just your generation. I didn't buy a home because I was going through cancer when I was younger and after that I wanted to travel in case I died. I didn't expect homes to triple in price.

@AtLeastTryALittle 11 ай бұрын

We live in LA and can't really move because one of us works in the film industry. We both have MA degrees and no children and have worried 50-90 hours a week since high school/ early college. We are both relatively far in our career path and in our mid-30s. We have savings, but not enough for a home. Home prices in our neighborhood START at about 1 million for a "fixer upper" in a sketchy neighborhood with a commute. If we can't afford a home, who can? I feel like the only way is to receive a generational inheritance boost, which we do not have.

@mr.blonde7812 10 ай бұрын

Me.

@AtLeastTryALittle 10 ай бұрын

@justagirl4663 Fair point. We have considered Goergia and have friends there. I was born and raised in LA so i would prefer to live in my home town, the studio my wife is at doesn't have a location there (her current job is too good to give up), and the weather and food in LA is much better.

@info781 9 ай бұрын

Everyone wants to live in California.

@AtLeastTryALittle 9 ай бұрын

@@info781 True. I do feel at least a little bit entitled to be able to buy and own a house in LA because I was born and raised here, so this is my hometown. My main point, though, is that I did everything I was supposed to. I finished my MA when I was only 22. I didn't have kids. I was careful with my purchases and money. I invested. I worked up 90 hours a week for a large chunk of my life. I'm married to someone of comparable financial ability. I'm doing okay. I'm not struggling in my finances in most things, yet I can't afford a house in my hometown in my mid-30s. I feel like my only failure was not being both to wealth. The housing system here is broken, and I feel like if it didn't work for me, then it really doesn't work for most other people either.

@420hansol 9 ай бұрын

my friends who's in film industry told me a lot of film companies are moving to LV. Perhaps look to move there?

@LZsteelerz 11 ай бұрын

I make $90,000 a year, have $105k in the bank and I can't afford a home because interest monthly payments are ridiculous.

@mr.blonde7812 10 ай бұрын

Uh huh

@LoveLife-oo9cz 7 ай бұрын

So you would rather throw away the money into rents and own nothing? We bought a house and opted in for 15 years. After 8 more years, the house will be ours. I'd rather pay the bank than any landlord.

@frandypena1733 6 ай бұрын

@@LoveLife-oo9cz 100%

@leonaodole1946 9 ай бұрын

I really wish once in videos like these they would acknowledge that renting BECOMES MORE EXPENSIVE OVER TIME BECAUSE RENT PRICES ARE ALSO GOING UP

@nbonasoro 11 ай бұрын

The promise that your home value goes up is a horrible premise. We need to build so many homes that values drop by at least 50% which was just the increase in price since the pandemic. Homes were already unaffordable before the pandemic. The promise you get when you buy a house is you have a place to live thats it. Single family homes in general are a major problem, there needs to be much more high density houses of apartment complexes and condos. We also need to build them around public transit.

@ChristopherAbelman 7 ай бұрын

I have owned long term and short term rentals for years. I found the short term rentals were a lot easier to manage. On occasions, I had the short term renters leave me gifts! I find people on vacation are in a good mood and 99% of the time left my properties in great shape. So I'm enthusiastic about getting involved. Is this a good time to buy property and where?

@HildaBennet 7 ай бұрын

@FinnBraylon 7 ай бұрын

You are right! I’ve diversified my portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.

@PennyBergeron-os4ch 7 ай бұрын

Do you mind sharing info of the adviser who assisted you?

@FinnBraylon 7 ай бұрын

“Sonya lee Mitchell’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@PennyBergeron-os4ch 7 ай бұрын

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a meeting.

@platinummyrr 11 ай бұрын

the thing about owning the home though, is that you're no longer subject to a landlord deciding to increase rent. Sure there are other costs and challenges but its a huge weight lifted if you don't need to worry about the cost of your rent skyrocketing over a few years.

@JFitness88 9 ай бұрын

While this is true you still have sky rocketing property values which will increase your monthly mortgage payment regardless of your interest rate. This year alone the county doubled mine and everyone else’s property values in my area, and that’s not just happening here but everywhere. I’ve witnessed seniors on a fixed income lose their home that was paid off completely due to the property tax increase.

@platinummyrr 9 ай бұрын

@@JFitness88 technically that's not the mortgage payment (at least assuming fixed rate mortgage). That is property tax and that is definitely a problem

@debbieframpton3857 7 ай бұрын

I'm a 70 year old senior my real estate taxes and house insurance is much lower than what my mortgage was. I can afford to own my home but I could not afford it if I had to rent it

@newdaysamepains 8 ай бұрын

People are comparing house prices from 1950s, 80s, even 2008. Well In a neighborhood near me house prices have increased over 3x in the past 5 years. Fun times. Just 5 years ago I was looking at 500k homes like haha those only sell in expensive neighborhoods. Nope its the norm now.

@tHebUm18 11 ай бұрын

Surprised it didn't mention the incredible level of underbuilding from 2008-2019 which is a huge factor as well.

@leoma-l7r 4 ай бұрын

Buying stocks might seem easy, but picking the right one without a solid plan is tough. I've been trying to grow my $100K portfolio, but the tricky part is not having clear plans for when to buy and sell. Any tips on this would really help.

@AlfieArchiei 4 ай бұрын

The strategies are tough for average people. They're usually done well by experts with lots of skills and knowledge.

@claircourtway 4 ай бұрын

@@AlfieArchiei I agree. From my own experience with an investment advisor, I've got $1 million in a diverse portfolio that's growing fast. It's not just about having money for stocks; you need to know your stuff, stay determined, and be resilient.

@Elliot-Ivan 4 ай бұрын

@@claircourtway Mind if I ask you to recommend this particular coach you using their service?

@claircourtway 4 ай бұрын

@@Elliot-Ivan VICTORIA CARMEN SANTAELLA is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

@chantel-h1r 4 ай бұрын

@@claircourtway Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.

@tommy32-k1n 3 ай бұрын

Excellent information, and I appreciate your breakdown! Even with the recent drop in crypt0, I'm glad that I can still grin at my $56,700 portfolio, which I built up quickly from my weekly trades.💯💯💯

@zawzawzaw9719 3 ай бұрын

@LucyPaloma-t8kDo you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my portfolio and plan my retirement

@tommy32-k1n 3 ай бұрын

@@zawzawzaw9719She's ALICE LEE CHEN FINANCIALS

@tommy32-k1n 3 ай бұрын

she's a known advisor. I actually did look her up curiously and went through her credentials on her webbsite... Top-notch! I wrote her an email, hopefully she's accepting new intakes.

@zawzawzaw9719 3 ай бұрын

@@tommy32-k1nI'm definitely gonna check her out. Do yo have any idea if she manages family fund?

@Jasonn-o7j 3 ай бұрын

Getting Alice Lee chen to help me really helped me clear all my debts. I started with what I have left and it's been the best decision I ever made

@olafvonbraun7300 11 ай бұрын

Real estate agents, brokers and developers who trade properties like it’s commodity is the reason the prices are x6 higher

@matturner8 8 ай бұрын

Rates on 30-year mortgages subtracted 8 basis points Friday, lowering the average to 8.33%. On Monday and Tuesday, the flagship average had bolted more than a third of a % point higher to set a new 23-year high of 8.45%. Do I just keep waiting for a housing crash with my $2 million in liquid assets or shift my attention to the equity market

@MarkGrimm8 8 ай бұрын

after studying the trajectory of great assets like real estate dividend paying stocks and gold, my conclusion is to buy and invest in what you can afford today! working with a financial advisor can certainly help

@carolpaige2 8 ай бұрын

nice! once you hit a big milestone, the next comes easier.. who is your advisr please, if you dont mind me asking?

@carolpaige2 8 ай бұрын

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

@drewkelly1955 8 ай бұрын

lol at the bots promoting a financial advisor

@MaximilianFischer497 24 күн бұрын

The housing market is inflated and oversaturated with homes being on the market with astronomical price tags just stagnant for months. It is very clear that our generation will be likely one of the most devastating bubble pops in modern history. Seeking best possible ways to grow 250k into $1m+ and get a good house for retirement, I'm 54.

@RowanBryson 24 күн бұрын

I get such worries too. I'm 56 and retiring early. Already worried of the future and where its headed, especially in terms of finances and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?

@MarshalWagner457 24 күн бұрын

In my opinion, it was much easier investing back in the 80s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 3 years to consistently build my portfolio in preparations for retirement.

@TicheDebb0 24 күн бұрын

My partner’s been considering going the same route, could you share more info please on the advisor that guides you

@MarshalWagner457 24 күн бұрын

I've experimented with a few over the past years, but I've stuck with Rebecca Noblett Roberts for about 3 years now, and her performance has been consistently impressive. She's quite known in her field, look her up.

@vince9080h 24 күн бұрын

Thank you for sharing, I must say, Rebecca appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call.

@sadscientist9995 2 ай бұрын

Did Vox just tell me I should be a renter forever? Never own a home, keep giving 30% of my income to the man forever?

@lkbergen 11 ай бұрын

I'm behind the idea that "treating an home as a asset" is a problem, because for some it's self- and preditory - the problem come with the concept of renting; you cannot save for the future as effective as it is buying a house; at least at the end of a mortgage, you can sell is back for a decent retirement. With a renting - at the end of the term? You get nothing. There Is no reward for you financial stress and pain.

@EngineerInMotion 11 ай бұрын

I know the target audience is mostly US residents but this same problem is much much worse in Canada and Australia. I have low 6 figure job in Canada and I'm years aways from being able to comfortably owning a house. Wheras, my salary and downpayment savings could easily allow me to buy a house in most Metropolitan cities in the US. Excluding the obvs LA, NY, Boston, etc

@jk-gb4et 11 ай бұрын

did you account for AUD/CAD vs USD

@EngineerInMotion 11 ай бұрын

@@jk-gb4et yup

@jk-gb4et 11 ай бұрын

@@EngineerInMotion what keeps you in canada just curious?

@EngineerInMotion 11 ай бұрын

@@jk-gb4et family, free healthcare. With the exception of real estate, it's a better place to live compared to US imo, no gun violence, etc. Idk, I feel like in America ur two or three major medical procedures away from being bankrupt. And one thing that people don't generally take into account is that Canada has way better retirement and other registered investment accounts. We have much better versions of 401k and Roth Ira and a few other tax advantage/deferred accounts. If people take advantage of these accounts, theyd be much better off in retirement compared to ppl with similar incomes in the US

@jk-gb4et 11 ай бұрын

@@EngineerInMotion I'm also from Canada but i'm just a kid that was interesting I didn't know any of this

@melissagrice 8 ай бұрын

This administration is putting many families in difficult situations. A lot of people are financially struggling to live, put a roof over their head and put food on the table. Things are getting worse these days, if you don't find means of multiplying your money you might wake up a day to realise you didn't plan well for yourself and family.

@MarthaDeTa358 8 ай бұрын

I agree with you and I believe that Professionals are currently dominating the market since they have access to both the necessary strategy for making money in this industry.

@Florencecoxx 8 ай бұрын

That's awesome to hear. I invested 5k in Robin hood about a year ago and it steadily went down, now my portfolio is down to $800. I don't know what to do and i am in between jobs

@melissagrice 8 ай бұрын

@@Florencecoxx Understanding your financial needs and making effective decisions is very essential. If I could advise you, you should seek the help of a financial advisor. For the record, working with one has been the best for my finances.

@Florencecoxx 8 ай бұрын

I’m Glad i stumbled on this. Please, if its not too much of a hassle for you, can you drop the details of the expertise that assisted you and how to get in touch.

@melissagrice 8 ай бұрын

@@Florencecoxx I get guidance from *Sarah Alma Martinez* Most likely, the internet should have her basic info..

@hadipawar2539 11 ай бұрын

Trust me when i tell you this not an exclusively US problem, everywhere in the world its becoming harder and harder to buy a house. only if your income is keeping track with inflation is if you have a shot .

@KingStixGaming 9 ай бұрын

money doesn't lose value over time, fiat loses value over time

@poni3367 11 ай бұрын

Completely forgot to mention the value of leveraging money through a home… those 5% gains in appreciation on a house is on $500k versus 5% gains on $50k of stocks is a big difference. There’s risk, but that’s the big pay off

@jasenbertrand 3 ай бұрын

The value of a home should only increase when there's proper maintenance and repair, if you let rot by not investing back into it, there should be no extra value

@2012Zyle 11 ай бұрын

You never mentioned the most important part: monthly payments. Rent payments are a loss of income. Mortgage payments pay off a loan.

@arothmanmusic 11 ай бұрын

You aren't losing money when you rent… you're spending the money on a place to live. You're not losing money by renting any more than you're losing money by grocery shopping. When you own you are also putting money into maintaining and upgrading, paying off interest, paying realtor fees, and a bunch of other expenses that you will never see a return on. Buying and renting are two ways of paying for a place to live. Neither of them is a loss if you have a roof over your head.

@tanneranderson8190 11 ай бұрын

@@arothmanmusicthis is just wrong

@noninfluencial 11 ай бұрын

Your rent pays your landlords mortgage.

@marrionberry8848 11 ай бұрын

true. but did you factor in the property taxes, insurance, interest on mortgage, maintenance, utilities and HOA? You add up all these over your financing term it leaves only a small difference between what you paid for your house vs it's actual value.

@marrionberry8848 11 ай бұрын

@@arothmanmusic absolutely agree.

@chrisoconnell8432 11 ай бұрын

The biggest difference between investing in a house vs stocks (for example), is in order to buy $200,000 of stock you need $200,000. In order to buy a $200k house you need between $10k - $40k and can finance the rest. Try getting a $160k loan to buy stock, won't happen unless you got millions in cash in the back already. But as that house appreciates in values, its appreciating on its $200k value, not the $10k-$40k you spend. So the return on investment is way higher with a house.

@harveylin3548 11 ай бұрын

Stock is a better investment long term. I had a mutual fund investment during this period, it went up 100% without me doing any work and paying only 35 bucks a year as a fee in six years. Meanwhile the house I bought has barely went up in value, only using as an actual residence not an investment.

@chrisoconnell8432 11 ай бұрын

@@harveylin3548 Certainly it depends on where the house is located. Personally I bought a house in Phoenix 10 years ago and its more then doubled in value since. My mortgage is $1150/month but I'm renting it out for $1700/month. Sounds like a pretty good investment to me.

@Fear.of.the.Dark. 11 ай бұрын

stocks dont have any maintenance costs either. There is no $20k roof repair cost on a 10 year old stock.

@brianfunt2619 10 ай бұрын

You also have to pay interest on the mortgage

@harveylin3548 10 ай бұрын

@@brianfunt2619 Not that much for my condo either. My total is cheaper than renting this place in a similar place. Not to mention the benefit of doing whatever I want in my own home.

@NS-xt5wv 11 ай бұрын

The problem is that we as a general population agree to lower wages. Our salaries must be way way way higher, hence the gap between uber wealthy and middle class.

@jaridkeen123 11 ай бұрын

I bought land and built my own Off-Grid house. I have no Bills, no Morgage Bill, No Electric Bill, No Water Bill, No Sewer or Trash bills, No Food Bills. Living Sustainably is the best way to live. I used to be so stressed on how i would pay the bills. Now i can quit my job for a year or two at a time and travel the world. Then come back and get a new job for a few months and save all the money

@noninfluencial 11 ай бұрын

And how much did you inherit from your family, hmm? How about loans, how much did they loan you? Your life is not real.

@lilikoimahalo 11 ай бұрын

how can you have no food bills, you cant produce everything

@Sakura11101 11 ай бұрын

This started off so good, but yikes! Yeah treating housing as an investment and not a basic human right is exactly what im doing so ill just invest my pocket change while i pay 1450 a month for 200 square feet, a literal shoebox, which is actually a good deal in my city! I probably will never be able to buy a home and have reliable, stable housing that doesn't cost me half of my monthly income!

@nelsoncopo7529 9 ай бұрын

I still believe a house to be the safest investment option for the average joe. 1. Its tangible 2. U can sub lease space within for cashflow 3. It goes up in value naturally with time 4. U can force equity in it with renovations 5. U can live in it 6. Tax breaks Etc.

@MarkLeonard-xn8zs 7 ай бұрын

Because so many people overpaid for homes during a period when interest rates were low, I believe there will be a housing crisis because these people are in debt. If housing prices continue to fall and, for whatever reason, they can no longer afford the house and it goes into foreclosure, they will have no equity because they will not make any money if they sell. I feel that many people will be affected by this, especially given the predicted mass layoffs and fast rising living costs.

@EleanorShaw-od9dj 7 ай бұрын

I recommend investing in shares to balance out your real estate assets. Even the toughest recessions can give wonderful purchasing opportunities if you are prudent. Furthermore, volatility can create wonderful short-term buy and sell opportunities. Although this is not financial advise, you should buy right now because money isn't king right now!

@VictoriaWood-uc6mp 7 ай бұрын

You are correct. With the help of an investing coach, I was able to diversify my 450K portfolio across markets, and I was able to create a little over $830K in net profit by using high dividend yield stocks, ETFs, and bonds.

@JackMark-th1bg 7 ай бұрын

Would you mind sharing some information on the adviser who assisted you? Since the age of 18, I've been saving for a pension through a company program. As I became more taxed, I enhanced my workplace pension with a SIPP (tax advantages). I'm now 50 and would like to aggressively grow my wealth; there are a couple cars I still want to drive and mega-vacations I still want to take

@VictoriaWood-uc6mp 7 ай бұрын

Her name is Melissa Terri Swaynes can't divulge much. Most likely, the internet should have her basic info, you can research if you like

@DavidLuiz-nd3dn 7 ай бұрын

Thank you for sharing; I will need all the help I can get because I recently sold some of my assets in order to invest in the stock market.

@basementbrasscompany9498 5 ай бұрын

We own a flooring contracting company and in the last 10 years our income has been desimate due to inflation. Our costs to install have gone up over 100% but we have had to cut prices to be competitive. We have not grown in 4 years since COVID. This country is a major mess.

@TricaGamer 11 ай бұрын

Because people profit of others suffering, capitalism needs to end, rentism needs to end

@breezyashell 11 ай бұрын

we have enough homes to house everyone.. we just made the absurd decision to make it a commodity a few hundred years ago, and now are paying the price

@jonathan248 11 ай бұрын

lol

@silversmoke4902 11 ай бұрын

@@breezyashell We literally do not have enough houses. That's the whole issue. We make it impossible to build them so we cannot create enough supply to meet the demand. Look at population growth vs house building vs house prices over time and you'll instantly realise the solution is to build more houses

@truthiscensored 9 ай бұрын

Real Estate Value being more than you bought it is a scam. One reason: When you sell your house you want be able to find another one for the price you previous bought it. You will most likely have to pay the price you sold the house for or a higher price. So did you really profit from it? My parents bought a house in California in 1970 for $15,000...Today it worth $500,000+...If they sell it and want to buy another they will never find another house in California for $15,000. They would have buy another house for $500k and up. Yea on paper that house value rose $485,000, but that isn't profit. It is an illusion

@NationalDevelop 6 ай бұрын

You have to take leverage into consideration. If they bought it for $15k at a 10% down payment they put down $1,500 - now for a $500k house they would have to put down $5,000. They sold the house for $500k so there is a significant gain although the debt would start again (so it would be wise to invest the remaining profit)

@jacobchristian1849 11 ай бұрын

A really great point that felt a little pushed to the side. “A home is a NECESSITY you buy at great cost” that alone paints a grim picture towards what we as a society just allow to happen to us…

11 ай бұрын

I feel like this video didn't explain anything useful in those 10 mins, buying a house is hard because they are priced higher thats obvious and thats what the whole video says and could've been done in 10 seconds of video.

@AmericanAutobody 2 ай бұрын

I purchased four houses from 2008 to 2009. And it cost me under $100,000 for all 4 houses after remodeling and everything I still own them today with about $240,000 into all of them. I could sell one right now for about 240,000. Great for me not good for the economy

@Smoothie--oy8ri 11 ай бұрын

Downvoted. Half of this video was an advertisement, and the other half described THAT housing is expensive while doing very little to explain WHY housing is so expensive.

@raxjax8787 11 ай бұрын

A Realtor here. The main gist of the issue right now with the housing market is that there is a lack of new constructions of new house being built which is the issue why the supply is low and making the existing home more expensive. That.. and including in the 6-7-8 percent interest rate combined together is what makes it soo expensive and unaffordable. The United States is many years behind when it comes to building new houses to keep up with growing U.S households and people wanting to buy.

@raxjax8787 11 ай бұрын

Force once in a blue moon, it is actually make more sense to rent vs to buy a home right now depends on the cities and states you're at.

@ytgytgy 10 ай бұрын

I've also noticed the only housing being built for the last 10 years are luxury properties.

@DaizyNatalie 9 ай бұрын

I noticed the new construction that is being built are all HUGE homes 2500sq ft and up and very few smaller homes that would be more affordable for 1st time buyers.

@godfathaofyo 9 ай бұрын

mass illegal immigration isn't helping the housing supply issue either.

@Falcon_Lord 11 ай бұрын

Yeah, let me just keep throwing away my rent money each month instead of building equity then tell me it’s not my only option for investment.

@JohnDaniels 7 ай бұрын

It's Called the American Dream Because You Have To Be Asleep to Believe It" - George Carlin.

@andyguzman6232 5 ай бұрын

Something everyone is forgetting to mention is that homes shouldn’t be an investment to begin with , it’s a necessity , the moment you turn them into an investment they stop being affordable and the prices are intentionally driven up

@ionutsaviuc94 11 ай бұрын

if only US was the case ,but this is a global phenomenon , every price skyrocketted while wages did not

@jaspertuin2073 11 ай бұрын

Capitalism coughing up it's last breath I hope

@Anonymous-dh4id 11 ай бұрын

@@jaspertuin2073Communism and socialism is much better! 😂

@moosesandmeese969 11 ай бұрын

It's not really global, just in western countries, and even then not necessarily all of them. Japan doesn't have such a problem because they build enough.

@redda2 11 ай бұрын

@@Anonymous-dh4id Capitalism just rewards people holding assets while not producing for society. Good for the rich only

@thomasgrabkowski8283 11 ай бұрын

@@moosesandmeese969Japan used to have that problem too-until their economy stagnated and their population started declining

@Pconradsmith 11 ай бұрын

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?

@Rachadrian 11 ай бұрын

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.

@Dantursi1 11 ай бұрын

A lot of folks downplay the role of professionals until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for a licensed FA and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. 850k so far.

@fifthgear2130 10 ай бұрын

I agree we need more jobs in America so that companies have to compete more for their employees thus raising salaries, but one factor that these docs leave out is that yes the average house cost $20,000 in the 50's (inflated to about $200,000 today) however the houses in that time period were small usually a two bedroom 950sq foot home. The average American house today is almost three times it's size at 2,500 sq ft.... So if you did the math and multiplied the $200,000 by 2.5 you'd get a just about the average cost of a house in America at $500,000. I've seen this overlooked in countless reports and documentaries. The problem also arises from our societies constant need to overindulge, myself included.

@JohnDaniels 7 ай бұрын

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless." - Thomas Jefferson

@Housewarmin 11 ай бұрын

My proudest accomplishment is buying a home in 2021! I love my 3% interest rate

@easportssucks4347 7 ай бұрын

Your proudest accomplishment is luck. Grats!