WORST Housing Market of the 21st Century

[@zacharyalexander5079]

Interesting. In some countries, it's illegal for foreigners to buy homes. However, it seems we are sell outs to our own people. Sad situation.

[@reginafisher9919]

Yep, the United States allows China to buy our land!

[@danielb.5089]

@@zacharyalexander5079 they sold out this country in everyway

[@Chasing-Red]

I hope this new administration changes laws. Foreigners can’t own land and only hold title for so many years on the home itself.

[@mytunes2922]

Interesting, in some countries people have no rights too.

[@Chasing-Red]

@@mytunes2922 that i disagree with. Everyone should have fundamental rights.

[@stayinpresent]

OMG, Great point Amy. Builders do not serve customers but shareholders. I am building one in CO and not happy at all except for the location. They are selling me the location, not the service, not the material. Amy should write a book!

[@OIllllO]

@stayinpresent If it's in a good location in Colorado it will probably burn down.

[@jy6349]

wasnt the guy interviewing her a builder at some point? he innocent though 😂

[@MattsMkia]

Keep in mind that during the 80’s people were encouraged to save due to the interest rates. Right now there’s very little incentive to save because those who are saving are watching those who are reckless taking it in. I’ve been trying to save for a home and it’s been discouraging to watch prices continue to not budge because there’s people willing to get into a mortgage where they’re paying 40% of their income. It’s insane.

[@HoskinsShanellNicole]

The housing market in 2024 poses difficulties due to uncertainties about the Federal Reserve's ability to curb inflation and reduce borrowing costs without adversely affecting demand for assets like homes and automobiles.

[@JacobsErick-u8r]

To balance out your real estate holdings, I suggest investing in equities. If you're cautious, even the worst recessions can present fantastic buying opportunities. Additionally, volatility can produce fantastic short-term purchase and sell opportunities. This is not financial advise, but you should buy immediately away because money isn't king right now!

[@ThomasLuke-u3v]

More reason I enjoy my day to day market decisions is that i'm being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, coupled with the exclusive information/analysis, it's quite impossible not to

[@LUCIASMITH-d1z]

Glad I found this discussion. My portfolio hasn't done well lately, and I think I need a financial advisor. How can I reach the person helping you?

[@ThomasLuke-u3v]

Sure, "Melissa Terri Swayne" is the licensed advisor I use. Just research the name. You’d find necessary details on the web to set up an appointment.

[@kashbonds5658]

Amy is a gem! Hopefully we will see her again on the platform.

[@InvincibleExtremes]

excellent guest, the statement about serving shareholders vs customers is spot on

[@Eduardolluvioso]

@@InvincibleExtremes Not really. Perry Homes controlled the Texas government and wrote the construction liability laws in 2003 that took away all homebuyer rights to fix shoddy construction. Perry learned, however, that small builders took advantage by building crap, dodging liability, shut down that LLC and open a new one. Branded builders like Perry couldn’t do that so they killed the law they had created.

[@arsewind]

@@Eduardolluvioso I was on the front line of the birth of the TRCC (not to get deep in the weeds about the TRCC) but that is what standardized what "quality is for ever more". Perry Weekly and all the small builder got together to fight off lawsuit abuses. I thank Perry for their donation to the cause. Foggy undefined laws are what lawyers love, the TRCC worked did its job and years later, rightfully sun-setted once it immanently became corrupt just like all acronyms of government

[@arsewind]

its not a coincident that owner ran building companies build the most expensive homes. Large publicly traded homebuilders hire teams of employed drones can not compete with smaller sought after craftsman. Nothing new my friend, its always been that way and its not changing ever.

[@Eduardolluvioso]

@@arsewind solving societal problems isn’t as easy as people like to think. To solve lawsuit abuse, they allowed abusive builders to destroy homebuyers’ lives. They even cleaned out escrow accounts holding the buyers’ funds and spent it on other projects. By the time you got a judgment, they had nothing to collect with the judgment. In the normal case, it was a marathon test for the buyer to fix defects. Send notice, wait for response, send reply, get expert ($) to write report and submit, builder (with a team of experts on staff) counters with BS….. my favorite of all time was a leaking shower caused by unsupported shower floor. The same problem happened in 10 homes in the sub because an installer was unqualified. So, builder knew right away what caused the problem but fought for 2 years, claiming the buyer failed to “caulk the seems.” 🫨 That was DR Horton after buying out Emerald.

[@vitbing]

How does the market crash when there shooting for crypto to be tax free , seems like a way for more money to be made by the rich .

[@anthonyherrera7750]

As an HVAC Technician I worked all across north Texas. I did a lot of work on Toll Brothers and D R Horton houses, the same guys that built the 200 thousand houses also built the million dollar house. The house are all cookie cutter being built cheap to the lowest standard and honestly I’m not surprised because wages were not keeping up with the work demanded. There are whole Facebook communities about how bad these subdivisions are and what you need fixed the moment you move in. If you are moving into these subdivisions check online 1st so you at least know what you are walking into.

[@ld9044]

No one is mentioning the green wood being used. That pine will twist and warp as it dries. Literally coming apart over time.

[@johnmal5975]

I have a commercial and residential cleaning company in Tampa. These new subdivision houses are junk. Tile coming up within a year or 2. You can't even hit the bathroom exhaust fans with a cob web brush because they will possibly break. A lot of them have electrical problems, plumbing issues. Things you would expect years down the road happening in the first years of the homes. The screens for the windows are so thin and flimsy I have customers sign a damage waiver before I will clean them. You can just tell these contractors were rushed to get the job done. Personally I don't want my hvac guy being rushed he needs time to get it done correctly.

[@sooofunny37]

@@ld9044 omg

[@sooofunny37]

good tip

[@kellyname5733]

Im in Fort Worth, Tx, been here 5 years. Bought a new build. In the first 4 years I have spent 6K on plumbing and electrical...Brand new house and already having big problems that normally show up on a 30 yr old house. I swear, I'm just waiting for the roof to fly off.

[@5thgentexan95]

You are so right about the crap homes being built. My mom still lives in our childhood home built in 1976, and it has a fraction of the issues these new builds have. Thankfully my sister wants it after Mom is gone, so she’ll sell her POS new build and move into mom’s.

[@jonathanandrew2909]

It’s all about maximizing the benefits and minimizing the costs. Charge insane prices for new builds, meanwhile use the cheapest inputs you can!

[@elizabethwallace7029]

100% true ! We bought in 2021 and from the first week we moved in we have had nothing but problems in this new build. Our septic system was releasing fumes/gases, windows leaking, the fireplace itself didn’t even come with the set up to turn on, washer and dryer hook ups were not installed, the master shower did not have the hot water valve on before they put the hardware. Or cabinets have warped in the kitchen Thank goodness my husband is a handyman. We bought a new home thinking we would not have to worry about any problems. I tell people today, do not buy a new build. It is so much better to buy pre 2020.

[@5thgentexan95]

that’s terrible!!!! Was any of it covered under warranty? We sold our 1997 home and are now renting a new build until we find something we like. There is NO way we’d ever buy it or anything else built in the last 4 years.

[@OIllllO]

@elizabethwallace7029 I'm sure people were saying they were junk then. You just failed to listen.

[@KoltonatMeritage]

@@elizabethwallace7029 you literally should have a warranty though on all this.. I’m in the business

[@castlerc]

This channel is getting better. Keep up the good work! I’m a landlord for 22years an a contractor for 15. Excellent guests and well delivered.

[@karenjensen2345]

The solution is 3 bed 2 bath brick concrete block homes. On decent lots no HOA, great starter homes.

[@sooofunny37]

lots of those in FL

[@kellyname5733]

@@sooofunny37 Yeah, in FL home owners insurance and property tax's will eat you alive.

[@Jdjdjfhehehd]

I am in Bozeman, 1200-1400sqft 3br 2 bath, $260-280k, but $850 month HOA, some homes have multiple HOA, plus property tax and fees have been going up. Rentals with the same home spec start at $2500-4000, plus all utilities and high fees.

[@PsyrenZero]

I'll make it and call it Bedrock.

[@taylor943]

All new construction comes with an HOA now unfortunately

[@anomaly2990]

Extremely high home prices, property taxes, insurance. Nope.

[@recyclingrevolution4905]

@@anomaly2990 you pay your house three times before you pay off and you still have to pay property tax even if it’s your own. I still don’t understand what city/state/county/country does with that money, because I don’t see better schools, roads, light or anything.

[@anomaly2990]

@recyclingrevolution4905 I'm with you

[@jonathanandrew2909]

@@recyclingrevolution4905 it’s the pensions of retirees where that money goes. Completely unproductive, but they voted it for themselves. Home owners are surfs. You’ll own nothing and be happy.

[@SeamlessSurfacesEpoxy]

@@recyclingrevolution4905 💯

[@joecalta3679]

@@recyclingrevolution4905 administrative costs

[@redtiger7268]

I'm a bartender in the DFW area. Ive worked at 3 different bars since 2022. At each bar at least one of the servers would tell me about how they watched a video about getting Air B&Bs going. They were borrowing money from daddy to get going because "they didn't wanna work anymore" I've also lost count of the people sitting at the bar telling me how they were a real estate investor and how good they were doing. They used to be in all the time. Haven't seen any of them in the past 6+ months

[@bullbutter9699]

Banged alot of Chicks in DFW Bar Scene back in the 70's....hundreds probably......action still good?

[@amyb5356]

I work with these small real estate investors here in DFW. I don't see them anymore. I will tell you from the first housing boom, 98% of these buying and investors do not know the market. They honestly think this will go on forever! Sellers refuse to accept the lower appraisal on their property and investors didn't know what they were getting into in the first place.

[@bryangrant9282]

Hopefully you don't work at Owl Bar in Frisco.

[@ROKKANS]

@@redtiger7268 we call those people 🤡🤡🤡

[@papi_carte4995]

@@bryangrant9282 Hopefully he doesn't work at the Oyster bar

[@TravisPluss]

Some people don’t deserve to be bailed out - lenders especially. It’s risky lending practices that cause these issues to begin with and the reckless lenders who try to get rich quick are the ones responsible for inflating our markets.

[@ld9044]

Correct. Approving loans where 40% of income goes towards house payments is insane.

[@Inkaroos]

Doesnt matter what your opinion is. They will continue being bailed out

[@paulconner4614]

Let's be real. We have been building crappy houses for a while. We may have been putting fancy touches on it but the bones and skeletons of the house don't compare to what we used to build.

[@reginafisher9919]

My house was built in the 70s my parents house was built in the 90s my house is sturdier and built better than theirs I will never sell! And I wouldn't want their house either!

[@1541-r6c]

I live in Russia, so only the poor build wooden houses there.....They are called the "HOUSE OF SHIT AND STICKS". People prefer to build houses out of bricks.

[@toofardoug2188]

One of the most lucid discussions of Texas real estate. She was great.

[@cantstandtheestablishment4004]

Big corporations should not be allowed to purchase single family homes. Period. It should be outlawed.

[@zracrental7466]

AMEN

[@VeritatemQuaere]

I’ll agree. Our current legislatures have put corporate rights way over individual rights. And naturally, the individual doesn’t have the bribing power to change things.

[@shonuff5878]

💯 That would address a huge part of the problem. The legislature does not care at all about the people.

[@marciamakoviecki3295]

There's no 'right' to own a house..​@@VeritatemQuaere

[@jonathantaylor6926]

Big corporations shouldn't WANT single family homes. The buying en masse of single family homes by large corporations was a result of the bastardization of our money and interest rates.

[@c0d3_m0nk3y]

What an outstanding interview! Single-handedly the best explanation of what is going on in the real estate market that I have seen in the last few years!

[@annjames1837]

What I learned was that Californians are like lo custs. They migrate to an area and destroy it. Then swarm a new state and repeat the cycle

[@Lawnlife_Hvl]

I remember talking to a elderly home owner and she said her house back when she bought it had a higher interest rate around 11% or 12% and she paid her house off in Less than 10 years, but a lnother key ingredient was the price of the house which was less than 100k. Her house now is worth 1.2 million, but it looks the same. I wouldn't mind paying 7% or even 10% interest as long as the price is back to 200k or 100k. These homes are ridiculously over priced and they need to come down significantly

[@everthingbutterflyz3370]

Most companies are calling employees back in tbe offic 2 to 4 days a week. 100% remote will be rare going foward. I think we'll have a price correction. I live in GA and my house almost doubled in the last 4 years. My check went up 3-5% per year. These 2 things dont match. Most ppl could not afford the houses they live in if they would have to buy today and that is insanity.

[@ms38wr1]

Your house doubling in value is a GOOD thing. Even if your wages didnt double you're still ahead of the game. Just hold your county's feet to the fire to not double the TAX. GA doesnt have the same over supply issues that Texas has either.

[@bethsanders6218]

Not necessarily good. It will make it unaffordable for someone to buy in the future unless there is more inflation.

[@whatnow63]

was working remote way before 2020 it is nothing new and is better than going to the office and wasting time and wearing a car out every 5 years for car companies to make money...

[@studytime-qb9bx]

I used to own a roofing company in the DFW area before I sold it, and this lady is spot on. Over the last five years, I’ve seen countless new homes-some priced at $400K-with roofs that lacked proper framing. When we pulled permits and brought in inspectors, even city officials were shocked to find that some of these homes weren’t even fit for occupancy. We later discovered that many of these home builders were from out of town. They would construct homes, often without proper framing, and then conveniently ‘go out of business’ in Texas afterward. Unfortunately, numerous homes in areas like Saginaw, Keller, Haslet, and Denton were affected by these issues. I can’t even think about the rest of DFW-who knows how widespread the problem really is.

[@BroJo420Cafe]

Sounds like we followed China`s` footsteps

[@ronw7209]

Out of town? Maybe but the DFW building department is the problem - I guess just blame anyone but yourself

[@jcschwarb]

Agreed this is a building plans examiner and permit inspection problem. Most inspectors dont inspect, they bs and check and sign.

[@axrs550]

@@studytime-qb9bx what are some good reputable home builders you would recommend in the DFW area?

[@u-know-this]

The fruits of no regulations texas is a textbook example of what u don't want to see in an unregulated environment

[@notgunnadoit7461]

At 50ish now and earning around 6 figures, with basically zero debt, plenty of savings, a triple federal pension and healthcare (VA, FERS & SSD) I don't think I could afford a home right now. As a matter of fact I won't build a home until prices come down at a minimum of 40% in the burbs outside Detroit. I've traveled all over the U.S. looking at farms, homes and land. Michigan has passed a law for 100% Disabled Veterans where we pay zero property tax so it's really hard for me to leave the state.

[@MostlyPeacfulRiots]

There are 17 states with 100% exemption ! 😉

[@nyahmaleigh]

@@notgunnadoit7461 thank you for your service 🇺🇸

[@iselldfw]

You pay no property tax as a 100% disabled vet here in TX too, so don't let that hold you back.

[@marciamakoviecki3295]

Six figure salary is pretty average in most nicer suburban areas. But most average workers can't afford brand new homes, and it's always been that way. You buy a house you can afford.

[@PHenry-wn3li]

You cannot afford home because the real price of a home is closer to $1M these days.

[@MacksDad]

I live and work in the DFW market. This is one of the best conversations about North Texas I’ve heard. So many bad trends are happening here. Our normal kids are screwed.

[@TexasRiverRat31254]

I've watched Amy on other channels and she seems to really know the DFW/ north Texas market. Also has a great take on the current and future housing market/situation. Smart lady! Yes, I live in Texas but way out in the country on 3.5 acres. Had to get out of what used to be an owner occupied working middle class neighborhood as the "investors" were turning it into a "rental" situation just as Amy referenced.

[@iaaabp]

What a well-spoken, intelligent guest. Well done.

[@bobnankervis9722]

My tiny home has wheels under it. Living cheap, desert in the winter, mountains in the summer. When home prices drop back to their true value, I'll buy another sticks and bricks

[@tt-designs124]

As a single dad I would be jump on a tiny home. It works for my personality really well. Less is better.

[@garrettmgunderson]

What’s the true value and are you accounting for inflation in your numbers? The USD is trash

[@alexlopez5800]

Don’t get robbed are hurt on the road. Crazy times = crazy people

[@Daysleeper1000]

I love that ! Sounds wonderful. Living in Texas, I dream of living in Vermont or Maine in Summer, and I love Arizona for the rest 😅

[@MacGyver2154]

@@bobnankervis9722 Home is where you park it.

[@timeforachange-i3s]

The very best thing that could happen is that homes fall in value by 50%. We need to get back to basics with market price stabilization and normalization without government interference.

[@marciamakoviecki3295]

That might happen in your market, but in most suburban areas, there's still very low inventory.

[@sarahhaxton9234]

@@timeforachange-i3s not going to happen unfortunately:/

[@recyclingrevolution4905]

We need different prices for old and new construction. You can’t value them the same, because quality of life in them is not the same.

[@who2u333]

If that could happed before Christmas, that would be great.

[@retroloungemusic]

@@recyclingrevolution4905 They get priced in at market value.

[@stella-gx8ne]

Texass in our rearview mirror with no regrets. We lived there for 37 years. The taxes, water bills, insurance and weather were unbearable. The traffic got insane. We lived in Las Colinas for 34 years. The growth was insane. We bought what was supposed to be a quiet area in Colleyville. Hwy 114 went under huge construction. Our road. Became a thoroughfare to avoid the nightmare traffic. After we left our beautiful home they tore the road up to increase road span. So very very glad we got out in 2016. Even then, we lost 200,000

[@ms38wr1]

Texas has pushed this myth of "no income tax!!" meaning everything is low. And the Texas electrical grid isnt connected to the rest of the SW system, so when they have problems they cant buy power. Traffic is NEVER dealt with because the Texas government will never build mass transit

[@tdogg8291]

Lol goodbye don't let the door hit you! We moved a while back from CA and have ABSOLUTELY no regrets moving to TX. You think all those things were bad? They're WAY worse in CA 😂😂 it's worse in NY, IL, MA, WA etc.. Unless you moved to North/South Dakota 😂😂😂

[@edmund2j]

She's spot on. I'm so glad I didn't get FOMOed.

[@aprilgentile5438]

Zillow absolutely manipulated markets in many area causing unstable gains.

[@SachsRealty]

Crazy right?!

[@AngelEyes-xm7el]

Zillow is corrupt

[@aprilgentile5438]

@@AngelEyes-xm7elI totally agree they need to be investigated.

[@katiejuman]

Especially in the San Francisco Bay Area, it’s ridiculous that multiple homes are left vacant, owned by non-U.S. citizens and the wealthy. They hold multiple properties solely for investment purposes. Now, a judge has decided not to impose higher taxes on these vacant homes, even as they sit empty and prevent our children from buying real estate because so much has been scooped up. It’s just frustrating and disheartening. Something needs to happen , and it will!!

[@Drone-h2i]

i love it when its no bs and just pure information. good guest.

[@SachsRealty]

Thanks so much for watching 🙏

[@robertbender73]

Amy is spot on about DFW real estate and govts mistakes in housing

[@soundararajanannamalai]

That's wonderful! This perfectly captures the Texas housing market, particularly in Dallas, and every aspect has been explained thoroughly!

[@SachsRealty]

Thanks for watching.

[@carloswhizz]

This sums up the UK's housing market too. I live in a late Victorian house circa 1885. It needs maintenance but is structurally good. Modern builds? Pah! My brother complains about his 2000s house constantly. Yet banks still lend more.

[@Agatha.wayne0]

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.

[@MemoryKasu]

Consider recommendation 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.

[@GersderaNioer]

That's right, investing with the help of a financial advisor set me up for life with about $1.6m in stock portfolio. I max out my 401k and have few properties. I worked hard everyday as a teacher for 32 years, and my salary was over 100k annually. But if it wasn't for 2020 covid lockdown, I wouldn't have supplemented my income with stocks and alternative investments.

[@GersderaNioer]

“Stacy Lynn Staples” has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.

[@arsewind]

#1, accept the fact that all the advice you get will have some degree of being self serving advice so always read between the lines. #2, there is no such thing as a good passive investment, careful not to tie yourself down. #3 its wrong time to leverage with a down payment. Wait, get ready to buy a foreclosures about 18-24 months from now.. and study history, its very hard to find accurate history content. This woman talking on the video could better serve her listeners if she looked at what happened in the early 80's in Texas. She is smart but she needs to add some historical knowledge to improve her advice

[@hankhackbuschiv1638]

Me and my wife bought our first home in 2015 for 82,000 at 3.25 interest and we are hoping to upgrade in the next 2 to 3 years but the town we live in the real estate market is weird and we also refuse to pay to much for a home but need to upgrade so I guess we are in a weird spot there is a lot more factors that go into all of this but it's way to much to list and alot of the problem is the economics where we live as well

[@h.y0134]

Its gonna burn down. The world living in a bubble. Everthing gonna collapse😢.... be carefull

[@rathelmmc3194]

If it doesn't the young are in trouble and going to continue to not have children which will then definitely cause it to collapse.

[@alexlopez5800]

It’s a debt trap. They want you in debt and want more people in debt so they can go down with the market

[@jonathanandrew2909]

Everything goes up except for wages/salaries.

[@gameoftraders7888]

World is too big to fail and economies too big to fail.. they always bail out and they will be. Just enjoy your existence in this planet and do your best for yourself, family and humanity!!

[@OIllllO]

@rathelmmc3194 Why do you think they are trying to ban abortions. They need to prop up the numbers. The dems thought letting in millions of illegals was the answer. Both sides are crap and that's why we are in the shape we are.

[@skybo192]

One of the best, informative sessions I have watched on these subjects. Thanks

[@daninthedirt9449]

Take that opening statement on cheap junk made house's copy & paste that right on the automotive market cheap overthunk throwaway junk

[@TexasRiverRat31254]

Nubie in the country here. Add small tractors to the "junk pile".

[@daninthedirt9449]

@TexasRiverRat31254 So sick of cheap made Overthunk junk Waay Overpriced all for shareholders & stock prices 🙄

[@tt-designs124]

I have a couple older vehicles including a 94 Ford Ranger I paid $500 for a decade ago. I have had to fix a few things on it and the last time (catalytic converter) the mechanic said, are you sure you want to fix these things on this old thing? I told him my opinion of the new junk that is being made for what, $700, 800, 900 a month payment? I am more than happy spending a couple hundred to fix the exhaust instead and keep going along.

[@daninthedirt9449]

@tt-designs124 I build/rebuilt the old 64 Dodge W300 Powerwagon In my avatar myself even has a 4bt Cummins Swap Ya can't even find a small diesel 1 ton or any small diesel trucks now these engines & drivetrains are JUNK

[@tt-designs124]

@@daninthedirt9449 Very nice and agreed, a lot of junk these days.

[@DanLarkin-g2q]

Mr. Sachs this is dad the pumber/realtor un Atlanta. You are a breath of fresh air. I'm such a big fan of yours!!! Must be something about a tradesman like us that will always keep us REAL. You have a bright furure ahead for you Sir!😊

[@jennycamitchell6421]

My house was built in 1958 brick ranch with a basement still has the boiler system original to the house. This house was built right and you were right they don’t build houses anymore like the old houses.

[@Ride-Fly]

Its sad yet funny to see how many people are willing to grossly over pay for things like houses and cars

[@carolynbrzezinski5779]

What I don’t understand is why anyone wants to live in a cheaply built drywall barn in a soulless, treeless ex-urb community. All people seem to care about is the square-footage- not the QUALITY of the house, the walk-score or quality of the environment (lots of shade trees, bike lanes, sidewalks, etc). 😖

[@Ride-Fly]

@ im sure most would prefer a better built highly detailed home with nice surroundings but that’s more expensive and most people are strapped financially

[@karenninascott]

​@carolynbrzezinski5779 Yes!

[@marciamakoviecki3295]

Everyone needs to live somewhere and we all drive. Houses will always sell because people are working.

[@marciamakoviecki3295]

​@@carolynbrzezinski5779most people don't bike or walk anywhere.

[@surfbum8166]

Wall Street should be regulated out of housing markets, this is something democrats and republicans can agree on

[@kayvonmansouri]

Any publicly traded company shouldn't be able to buy real estate, and foreign entities as well.

[@dd-uy5lx]

@@kayvonmansouri yeah, thats a no go since Reagan. he allowed it and none of them removed it.

[@rigorocks23]

@@surfbum8166 that won’t happen because Wall Street is in bed with congress. They’re all making money off the peasants. The entire system is corrupt

[@jeffhogueison1656]

Absolutely, they both Republicans and Democrats, are part of the common rich ruling class ​@dd-uy5lx

[@u-know-this]

It's upto Republicans now so chances are it's never happening not in the next 4 years

[@Richard-y5u]

Really interesting and exactly my feeling, I remember knowing it was tapped out in 06/07 and that it was going to tank and boy did it, 50 pc drops in Vegas, I think it could actually be worse this time because the debt is so huge this time.

[@shanerogers9386]

She talks about 100 percent appreciation in 5 years in parts of Texas. Here in Palm beach county you have 100-500 percent increases in price since 2021 depending on how many times the property has been flipped. It’s flippers selling to investors selling to other investors. No one is talking about the private, sketchy money and fraud fueling this bubble

[@SachsRealty]

500% 🤔

[@shanerogers9386]

@ yep. You have to see it to believe it. I will email some as KZbin will delete any address I send

[@SachsRealty]

@ [e-mail]

[@Changinghomeschanginglives]

Wow! As a Realtor in the Tennessee Market, experiencing the same thing here as all over the country. By far this is the best explanation for backing up what realtors and agents have been experiencing with buyers and sellers vs. the data that is being publicized by national, state and local real estate resources. Thank you for solidifying what we have been saying all this year. Best explanation of what has happened to getting the housing market to where we are now and projecting what is to come in 2025 and the future for home buyers and sellers to be aware of! I’m a fan! Great Interview!!!❤❤❤

[@RoyValentine-o2l]

In the 50's my late dad worked a modest job, mom was a housewife, and they lived a nice lifestyle including owning a home. Nowadays both I and my partner works and can barely afford to make ends meet. Luckily, I've just received an inheritance of $500,000 and concerned how to use money I didn’t work for. Should I pay mortgage since I’m still working, or do I invest in stocks rather than just staying 100% cash?

[@Biggerstaff4]

You should do a mix of both. Seek the help of a financial advisor and a real estate broker. Use $100k to get yourself a decent rental property, may need a mortgage but keep the cost of the property low, and put the rest into stocks.

[@M.Herlihy]

Well agreed, investing with the help of an advisor did the trick for me in less than 5 years, retired with couple millions before 55. I worked hard everyday as a teacher for 32 years, and my salary was over 100k annually, enough to get me fully invested.

[@JasonWalls-x9x]

​@@M.Herlihy bravo! retired in my 40s after inheriting money from a childless relative, traveled overseas and found a girl almost my age, happily married but only issue is how to grow and preserve our wealth... think your advisor can be of help?

[@M.Herlihy]

I take guidance from ''Sophia Verdekal O'neal'' she's quite known in her field of work with over two decades of experience, and well spoken.

[@HarleyFoster-h2r]

thanks for sharing, I must say Sophia Verdekal O'neal appears to be quite knowledgeable.. curiously copied and pasted her full name on the web and at once came across her consulting page, no bs!

[@EspecialDelivery]

I lived in CA when houses crashed by 60% from 2007- 2008. Moved to TX from 2009 to 2014. I tell folks that TX is going to experience equal to or greater than what CA experience in 2008.

[@tomdon7211]

Excellent and insightful review well done

[@SachsRealty]

Thanks for watching.

[@kayvonmansouri]

Mortgage lender here. The DSCR loans will most likely be fine. Most of them were at 70% LTV IE 30 % down payment. That's a lot of negative movement that would have to take place in order for them to be in jeopardy. There is still a lot of pent-up demand from owner-occupied borrowers, so if the market does get more affordable these homes will be sold because they do have higher rates.

[@timkosen1106]

@@kayvonmansouri Ty. Came here to say that. Taxes and insurance increases are pinching dscr borrowers - same as everyone else in dfw. But overall those loans are in good shape.

[@utahgardenblogs]

I learned so much from this episode! I’m in the Salt Lake City, Utah are which is highly inflated. I work in resource planning around water so I’m trying to broaden my knowledge of related issues. This was a fire hose! Thank you!

[@amyb5356]

I moved here 2 yrs ago on a friend's advice from Ft. Worth (Texan). I am an independent contractor for the Title Companies. I can't wait to get out of here! Majority of the people who came here due to work are not happy. The drivers are one of the worst in the nation. (San Antonio and Albuquerque are the other two). the weather is the worst I have ever lived in! (year round). Texans are nice, but not friendly. Very clannish and there is no community. And to top it off, the inflation and greed has doubled to tripled costs of food, housing and every necessity, but gas. Pay is lower scale and does not meet the new cost of living. I am planning my "Texit" and wish them well, but this is not for me.

[@thedot66]

Yep. As a native texan, i was silently laughing hearing about and seeing all the people moving here from california. I knew after 1-2 summers they would have major regrets. And it is ugly in north texas.

[@recyclingrevolution4905]

I moved out of Texas in July and ended up in CA. Prices of food, restaurants, clothing, shoes are COMPLETELY the same. But you make more money. Of course, rents, gas, and prices of houses are higher, but again you make more money. And the weather, you can’t compare. People are not really nice and kind of discriminatory to darker skin, but if you come with family, you don’t care.

[@amyb5356]

@ I agree and hope to be back in CA in a couple years myself. But I don’t find Texans friendly at all. They’re not even nice to each other.

[@kellyname5733]

You nailed it Amy. Im leaving, but to another country. Im done with the USA.

[@chk6111]

Come to Boston! Our drivers are notorious, our weather can truly suck, people can be incredibly rude and our R.E. and rental prices are through the roof! But we love all things transgender and we love welcoming illegal immigrants to force out our homeless natives who can't afford to live here with our "Right to Shelter" policy. C'mon up!

[@caryphillips4885]

It scares the shit out of me that she's suggesting more regulations. It's not necessarily that a good regulation is technically impossible, but that any politician putting one in place is going to be corrupt and bought out by the company you're trying to regulate. To suggest regulations would see the good intentions dead when it just ends up crushing that company's competition. Instead, I would suggest removing regulations such as home requirements (especially for self built homes), zoning, land subdivision size minimum restrictions. Get the government, which is bought by the corporations, the hell out of this!

[@caryphillips4885]

And saying action was justified during 08, seriously. None of it was justified. Every action taken was maxing out the credit card and pinning the debt on the nations children. Her ideas for fixing any of this will just make it worse.

[@VeritatemQuaere]

Unfortunately with predatory algorithms and now AI, we need regulation more than ever. BUT you’re right on political corruption, it tends to make everything worse.

[@beancounter5823]

I disagree with the benefit of using an agent. My experience has been that agents are lazy and leaches in the home buying process. I would take an A.I. over any RE agent. I'm tired of the lack of communication or unresponsiveness, incompatible personalities or work styles, discrepancies in contractual terms or agreements, underwhelming performance in property search or negotiations, and on and on...

[@DanLarkin-g2q]

I'm a new agent who came from a plumbing background. You're dead on about most agents. Most are lousy. This is discouraging for me as a person who always has put my customers first. I will be a real estate agent only part time for the reasons you stated. There are actually real estate agents who are on the ball and truly care. Probably about 5-10% of them. It is very discouraging for me it atlanta, average house price is 400-500K here. You need at least $17,000 in cash to buy a new home for closing costs, down payment, inspections, etc.... with the very high cost of living who has $17K???

[@setfreemiss]

@@DanLarkin-g2q If a person does not have $17K then they have no business buying a house in today's housing market IMO.

[@surfbum8166]

Realtors are shills. If market is going up they say it’s a good time to buy. If markets are going down they say it’s a good time to buy.

[@cruiser6260]

@@setfreemiss yeah I saved up and paid that much to a lawyer trying to get justice in under a year, on an average wage. Drive a paid off old car, use the 150-200$ smartphone, make a sandwich and cup of coffee yourself instead of buying them, buy clothes at Kmart when necessary, and don't have holidays and other luxuries. People make 6 figures and blow all of it

[@setfreemiss]

@@cruiser6260 Yeah, hardly anyone (in our society) is willing to live BELOW their income and make sacrifices.

[@Ride-Fly]

Texas didn't have only a 10% decline during 2008 because of underwriting guidelines it was because they hadn't had a housing boom / bubble yet prices were still very cheap there like 150-200K other than that I would agree with everything else she said.

[@MostlyPeacfulRiots]

Come to Austin if you want to see what's coming in the future for most the national housing regions.

[@marciamakoviecki3295]

What are you seeing? Big price declines?

[@JoesIceCreamCone]

Yep! I live on Lake Travis and nothing is selling. Can’t even find renters. The prices are just too damn high. Something has to give.

[@kellyname5733]

Austin is a sh(t hole just like CA. How did that happen?? Oh I know all the liberal CA's moved to Austin and turned it into CA. Austin is an exact replica of CA. Homeless all over the streets/under fwy over passes living/pooping/ doing drugs on the streets and in tents. Sooo, the CA's left CA and brought their sh(t with them thinking it would work this time. Yep...ignorant lefties alway think it will work the next time in the new conservative state. Oh and FYI- I defected from CA to TX 5 years ago, but Im not staying here either. It used to be affordable but not anymore. The entire USA is too expensive..Im out.

[@MostlyPeacfulRiots]

@@marciamakoviecki3295 Yes , depending on the sub division, ranging 10%-27% some outliers under 7 and over 27.

[@OneLeggedTarantula]

​@@JoesIceCreamConethat is school taxes. schools need to be reigned in on spend.

[@Acd1217]

Fantastic and knowledgeable guest - love Amy ❤

[@SachsRealty]

She’s great. Thanks for watching and for your comment.

[@ld9044]

Corrections are necessary and long overdue. If someone paid too much, that is on them. No sympathy from this native Texan. Smile and wave goodbye 👋 😂

[@sarahhaxton9234]

All the people I know who kept home after 2008 tripled their worth it will always come back and higher. As long as you can pay mortgage it's fine and in the long run it will work out ❤

[@Annie0-ys8oj]

Married to an award winning architect from the 70s and as a builder myself I totally agree that it’s all about profit and that’s all. I know first hand how to build a well designed well built home affordably. I prefer a family home instead of a MAC mansion. Regulations have gotten ridiculous for things that are of marginal value yet building inspectors allow code violations from lack of knowledge or care. We could solve the labor problem with a dedicated effort and programs by region to educate tradesmen and plug in legal immigrants. As long as greed and government stupidity reigns problems will continue.

[@Investormillard]

Let in the adu’s & clear up land from poor uses or build up!

[@krochelli1]

Amy’s missed that over 100k people moved to Dallas in 2023, 2 years after the pandemic boom. Corporate hqs continue to move there too.

[@heatherspisak1762]

My neighbor’s house is 5 years old. About to be on the market for a year at the end of November. Many others near me in this same predicament. Central FL

[@samanthagaboo5610]

My mom was selling a property in Brenham (in between Austin and Houston), main street there, like 5 blocks to HEB, 10 blocks to Walmart, etc. They just got a Chick-fil-A. They just got like a PetSmart and an academy. She was asking around 220K, 1200 sqft, good size yard, dude she sat on it for a year.. and sold it for around 180K. Prior to that the house next door sold for like 200 a couple years prior. I never would have imagined it sat for so long. She went through about 3 realtors.

[@B_Y22]

Interesting music you play when your logo is displayed at the beginning of the video. Reminds me of the show Hoarders.

[@outerspacebass]

Thank God someone is finally talking about this. I live in Frisco and this is insane

[@davedefea5530]

35:09, it would have been cheaper to bail out the homeowners, not the banks. Criminal, in my mind. The FED needs to go away, the treasury needs to print money and lend at 0% The way its supposed to be. Money for the people, not the bankers!

[@stella-gx8ne]

Steve Mnuchin disagrees. He put more people on the street in the recession than imaginable. Welcome to Trump 2.0

[@jazzystallworth7003]

Wow, great interview, very knowledgeable guest.

[@charlottebrigham2581]

Love Amy Nixon. So happy she was on the show! This market is similar to 1986-87: in 1984-85 there was a huge housing boom in Austin TX. Agents were writing paper contracts on the hoods of cars then. In 1986 I worked for Randy Morine Homes and there was nothing for sale. By Spring of 87 everything was for sale due to the Trifecta of a Tax Law Change, the Fallout of Oil and Gas and the Savings and Loan Crisis. UT condos that sold for $100k were selling for $40k. That was a horrendous market... our market right now is so hampered by the golden handcuff of low mortgage rates, mortgage business is off 80 percent. Prices are down 20-30 percent off the March 2022 highs. We will NOT see the same scenario in Austin now as 1987 because in 1987 we had no industry here in Austin and now we are a thriving economy. Austin is the NEW New York. A new political regime will not make everything better, in the 1980's we were in a Republican Regime and Real Estate here in Austin did not recover until the early 1990's when we had a turnover in the business cycle and High Tech came to Austin, with Sematech then Dell then the huge wave of high tech firms. Air B and Bust will continue as short term rental has severely decreased, at least 60 pct. Once the new business cycle starts, Austin will recover and be as strong or stronger than 2022. Just will take time. But this is Central Austin, not the remote suburbs. That will take a longer time frame.

[@rocaverde2829]

As a novice and somebody who isn't into finances all that much it is absolutely astounding to me to watch videos like this, and there are many, and compare to what is being told by the MSM. Truly 2 different worlds !

[@elizabethv7411]

Thank you great show and great guest

[@judyfabion8849]

I'm in Southern CA. Palm Springs had a huge shift to AIRBNBs even though there are use restrictions. Just today I saw a beautiful one, great location, for sale below the purchase price in 2022. Not to mention this whole Summer has been horribly hot. Prices are high for these homes because utilities are costly, even with solar panels, insurance costs have spiked and they are most likely leveraged. I'm sure it will get worse.

[@mikeeevansdbc]

The demand in Palm Springs, CV, will continue to stay strong because of the sellers in coastal areas high prices have not moved and those sellers become buyers that bring cash and don't need mortgages

[@kirstenbrogan5958]

I wonder if investors intentionally tried to drive up the prices. Things like that don't seem organic.

[@jasonroberts9357]

You'll own nothing and be happy?😅

[@lynnettelamendola9499]

I learned so much! I didn't know about all of the non-family entities purchasing homes.

[@GoneSouthCustoms]

Great discussion. Straight up and dead on information without need for hoopla or click bait. Very well done!

[@a.s.r.3661]

Amy is very sharp! I enjoyed the discussion. Thank you.

[@stevearmstrong4561]

County appraisal districts has driven up property values in order to raise property taxes! The housing market will not recover unless we can eliminate property taxes! Buying a house right now is similar to buying a car that gets two foot per gallon..

[@sooofunny37]

in NC we pay property taxes on cars we own!

[@kellyname5733]

YES, property tax's are STEALING OUR EQUITY.

[@meg8358]

@sooofunny37 how does that even work? You already paid for the car why are you paying taxes on it?

[@kellyname5733]

@@meg8358 Its extortion to pay tax on a paid off item including a house/property. Every time you pay tax on a paid off item, you are reminded by the Govt. that you are the pheasant and the Govt. is allowing you to have that item. You are renting it from the Govt.

[@stevearmstrong4561]

@@meg8358 You must not be from Missouri..And cars were just used as an example.

[@esalinas916]

Amy is awesome. Good job.

[@jerrypolasek]

Wow. Self taught and she sees the bigger picture than most "experts". I throughly enjoyed this interview 🎉

[@taratong9074]

This was a great interview

[@VividCollectiveWorks]

Um. Houses in Texas have always been super cheap. Unfortunately their prop taxes are fucking insane.

[@stella-gx8ne]

Ask people who live in the older areas around DFW how badly they were affected by the ever increasing prop taxes and insurance. Buyer beware.

[@OIllllO]

@stella-gx8ne Well when they tell you your home is worth double what it was a few years ago they can raise the price of both of those.

[@ESagastume-vb9ew]

Great content very informative for me. I moved to the Arlington Tx area and I’ve seen the changes drastically go up. To a point of no being able to afford this overpriced homes. This is long over due. My young adult kids can’t afford a place.

[@robertbender73]

Todd, the DEMs in govt did the same thing in 2003 when they lowered credit standards in order to acheive higher home ownership rates for social reasons. They called us GSE's in and told us to lower lending standards, against our advice, and base loans on property values, not borrowers ability to repay. Hence, they design the sub-prime market with GSE capital as the loss back stop. Problem is, GSE's are no longer funded by investor caoital, they are backed by the taxpayers. They have learned nothing, except to hold off on foreclosures with forebearances to not book losses and prevent falling real estate prices.

[@u-know-this]

Just to add they learnt alot. The GSE loans are FIXED rate loans which has been a great stabilizer for consumers. In 2003 they let lenders free reign to abuse and deceive 1st time home buyers and low credit consumers with complicated time bomb mortgage products. That is no longer the case

[@TheModifiedChannelAddiction]

Great video, I think we all can say… We miss the good ol days…!

[@deloresdilday3978]

Great information and I'm a Texas real estate agent... good interview.

[@BR-gz3cv]

Agree with the guest about Texas. Here in north Houston, builder has a development with 12-15 finished new homes sitting unsold- with another 20+ under construction. They keep lowering prices and advertise with slick marketing- but these houses remain empty. The math doesn’t work unless they have unlimited funds to balloon inventory in a soft market. The insanity continues I guess…

[@helenkalamaras7890]

I'm in Australia and we have been building cheap and nasty residential homes here for years now, so welcome aboard. They look fabulous but the quality is no longer there and to top it off our average home prices are well over $1million dollars...we can blame the useless politicians running our once affordable country.

[@u-know-this]

It's not Politicians it CAPITALISM

[@PHenry-wn3li]

Apparently, most Americans can't see it, but we're very close to the average home price increasing to $1M. In many states, the average new cookie cutter home is already $1M+.

[@MalluStyleMultiMedia]

Excellent podcast. I was a teenager when I bought my first property in 2006. The $140k condo became $30k by 2008. Association fees went up from $150 to $500 per month. Gas company tried to cut gas and there were special assessments. It was crazy. I had a lot of ideas and dreams but luck wasn’t on my side. But these lessons taught me so much. I ended up moving from the Chicago area to Houston. Even though I still like real estate, I’m super cautious. If the prices go down big time, I’ll just add some more to the portfolio. With the World Cup 2026 and possible bullet train, I think the Texas economy will stay strong.

[@stella-gx8ne]

World Cup does zip for long term buyers. Super Bowl was a joke there.

[@MalluStyleMultiMedia]

@ you have no clue it seems like … I have a friend that made one year profit in a couple of months during Super Bowl .. so imagine World Cup .. that’s 10x

[@insiteandawareness3500]

It's too expensive and property prices must come down at least in my local area before I would purchase a home. Even condos and townhomes are overpriced here. I agree with you 💯 we don't need tiny home shanti towns but we need 3 bedroom 2 bath homes for the average family at an affordable price. This isn't what's happening in America right now.

[@Seafarer62]

Those days are gone forever. Baby Boomers and Wall Street have sucked the blood out of residential housing. There is bound to be a great revolt by younger generations for effectively preventing them from buying a decent home. And we wonder why the birth rate has gone down so markedly? Costs too much for young adults to live.

[@PHenry-wn3li]

A 3 bedroom 2 bath home is now $1M. The median household income in the U.S. is $80K. So, a tiny home is for the average family.

[@jjssjklmnop]

Excellent content and interview of a great guest.

[@tt-designs124]

The conversation was spot on. I would add, that for many there won't be any wealth transfer due to the high costs of assisted living. Today kids often live far away from mom or dad and the parent(s) do not want to leave the area where they spent their whole lives. Particularly if their spouse has already passed away and is buried close to where they are living. They would rather sell their home and live in a local assisted living facility than move three states away to some unknown suburban mother-in-law basement. I would also add (this isn't being mentioned much as I'm sure it still is a small percentage) but many American's are leaving the country during retirement. The US just set a record for the number of passports issued.

[@kellyname5733]

tt you are spot on about people leaving the US and Im one of them. Im outta' here. The USA is waaaaaay tooooo expensive and waaaaay tooo stresssssful.

[@u-know-this]

African has become a new destination. There are some places I go to and u would think u are in Europe with all the American and British retirees

[@kellyname5733]

Awesome interview. Of course Im bias as I'm in TX and love and educated account of Real Estate here. I also loved her knowledge of the market for the rest of the US. Have her back please.

[@barttracy88]

Great job Amy!

[@foruvasanth]

10:00 Very true Speculation in DFW is like never before and nowhere else in entire country

[@difigfs]

What Amy is talking about the corps raising comps, is EXACTLY what happened to Riverside County ( Murrieta is where I lived ) leading up to the GFC. We bought 05 and were 50% upside down by 09/10

[@pdxeddie1111]

why are property taxes so high in Texas? It doesn't sound right 500k house a 1000 dollars a month taxes? Seems awfully high to me even with no state income tax.

[@dogburrito]

Municipalities should tax the living F*ck out of large investor (private equity) homeowners.

[@dickstoner3510]

The only way to do this is to have property taxes higher for non-owner occupants. Private Equity vultures will still find a way to speculate, just like they do with corporate buy-outs

[@u-know-this]

Never happen In Texas

[@Halleluja-x1y]

@@u-know-this it’s going to happen and already started

[@diegosilva-lx4si]

I watched this episode 3 times. Very deep conversation. Thanks @sachs

[@chatanpatel5853]

I am now more informed by watching u Todd thank u

[@johnouellet4099]

The problem with realtors is that most agents don’t do anything. I agree that good realtors are important, but there aren’t many good agents out there. Most sellers feel like they’re paying for nothing. I have purchased and sold 8 houses, rarely ever have I seen an agent who earned their commission.

[@wallye8713]

Todd, Hope you get guests to chat about NJ market. Nothing new in south r/e Tx Fla Boom Bust for last 40 yrs….. With the ability to track history and research right at our finger tips I’m shocked anyone does investing in south… it’s only gambling. With real costs (Home-life) booming exponentially the worse is still to come for them….

[@SachsRealty]

Where are you in NJ?

[@wallye8713]

@@SachsRealty Monmouth county (in the middle of state). Imho state divided into north, central and south. All quite different but due to proximity to NYC & Phila. Along with being midpoint between DC and Boston we seem to provide the type of housing people in those urban centers desire..

[@josephscott1952]

Too much greedy ppl in our country 😞

[@PHenry-wn3li]

You realize they've been calling for a housing crash since 2014. The problem is that the average home price has tripled for much of the country and there's no sign of prices dropping. Get ready to see the average home price increase to $1M. And it's already happening in many states, you cannot buy a starter home for under $1M. BTW, the median income for a household in America is $80K. Good luck trying to resolve that paradox.

[@jisseidydiaz]

This podcast was incredible! Thank you so much for having such an informative conversation. I learned so much!

[@paulconner4614]

The fact is housing prices ran too high and too fast. The market will either stagnate for years (and years) or we will see a 30-40% price adjustment.

[@jcschwarb]

The tiny homes are an extreme reaction to oversized houses. We need to get back to an avg 350 SF per occupant.