I've been watching the housing market closely, Prices have been skyrocketing for years. It's going to be tough for first-time buyers to enter the market." how can one diversify $280k reserve .
@cowell621Ай 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.
@StocksWolf752Ай 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.
@FarrahBaker467Ай бұрын
Mind if I ask you to recommend this particular coach you using their service?
@StocksWolf752Ай бұрын
Sonya Lee Mitchell maintains an online presence that can be easily found through a simple search of her name on the internet.
@crystalcassandra559727 күн бұрын
I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.
@Markscott41229 күн бұрын
The housing market is currently inflated and oversaturated, with homes listed at exorbitant prices remaining unsold for months. It seems likely that our generation will experience one of the most significant bubble bursts in modern history. I'm looking for the best strategies to grow $250k into over $1 million and secure a good home for retirement. I'm 48 years old.
@jackwillison17729 күн бұрын
I don't think here is the place for personalized investment guidance. However, I suggest consulting with a reliable advisor like Azul to ensure appropriate retirement planning.
@vivianlucy14129 күн бұрын
I’m closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in over 80% profit than some of my peers who have been investing for many years. Maybe you should consider this too
@Williamjame44429 күн бұрын
I've been considering getting one, but haven't been proactive about it. Can you recommend your advisor? I could really use some assistance.
@vivianlucy14129 күн бұрын
'Melissa Elise Robinson' is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
@Williamjame44429 күн бұрын
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
@Susanhartman.4 ай бұрын
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.
@91ScottieP4 ай бұрын
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!
@mikegarvey174 ай бұрын
Yes I concur, I've been talking to an advisor for long now, mostly because I lack the knowledge and energy to deal with these ongoing market circumstances. I made more than $220K during this slump, demonstrating that there are more aspects of the market than the average individual is aware of. Having an investing counselor is now the best line of action, especially for those who are close to retiring.
@mariaguerrero084 ай бұрын
@@mikegarvey17That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
@mikegarvey174 ай бұрын
'Gertrude Margaret Quinto' maintains an online presence. Just make a simple search for her name online.
@Grace.milburn4 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.
@SophiaChristian-so2of Жыл бұрын
I bought a house in 2021. The insurance and property taxes have doubled since then, and now costs more than I ever paid in rent in my life. I feel that I would be better off living in a studio apartment in a warehouse again and investing the money in anything else.
@JenniferDrawbridge Жыл 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
@MarkFreeman-xi3rk Жыл 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.
@cythiahan8455 Жыл бұрын
@@MarkFreeman-xi3rk Where may one locate an experienced FA? I like the notion of employing their services, but it's terrible that recent stock market tragedies have started to happen more frequently.
@MarkFreeman-xi3rk Жыл бұрын
I'd recommend Margaret Johnson Arndt. She is a genius when it comes to diversifying her holdings. You can verify her identity for yourself by looking her up online. She is well knowledgeable about the financial market
@AntonioBianh Жыл бұрын
Thanks for sharing, needed this myself. I just looked her page up online and I would say she really does have an impressive background on investing
@hypeman55332 жыл бұрын
Someone please save this and post it back on her feed in 18 months.
@PositionOfPower1002 жыл бұрын
She gone disappear by that time lol. She won't have a friend on any social media platform lol
@Sophie3647s2 жыл бұрын
They been saying it will crash since 2020. Its not going to crash
@germanramirez6642 жыл бұрын
@@Sophie3647s This house in Phoenix, AZ there was a house bought around 4 months in my neighborhood for $530k put it up for sell at $556k right away and right now they have it at $420k in less than 4 months lol
@mmmd34292 жыл бұрын
18 months? Remind her monthly about the prices dropping almost everywhere.
@jaybartgis51482 жыл бұрын
I'll be saving your comment to post it back on your feed in 18 months when nothing happens
@matthewnelson13722 жыл бұрын
I'm not gonna buy a house that I can't even afford, a house that sold for 250k last year is now selling for 450k. No thanks
@happy153ful2 жыл бұрын
I am not going to rent a place I can't afford either.
@Bekssss2 жыл бұрын
Moved in Van , happy life
@genesisansbro4936 Жыл бұрын
In my parents neighborhood! Where they bought when it was “high” before the crash at 400k. A home just sold the other day for 760k. I don’t understand how or why anyone would do that. And these are small 3-4 bedroom homes built in the 60s…
@straightdrive6192 Жыл бұрын
There are lot like this lady propagating misinformation , high time people get sue for Misinformation
@oscarsanchez9240 Жыл бұрын
Lol😂
@Vera-dg3hf11 ай бұрын
i have NO IDEA why people are buying homes for 450+ built between 1920-1960s at 7% interest rate. that sounds bad.
@_davidturner3 ай бұрын
I’m a new dad, I moved from Tampa to Santa Clara a few years ago and I’m thinking of purchasing a single family home there, 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? Looks like NVDA, TSMC and AMD are still strong buys.
@clintscott33003 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.
@ivymaddison3 ай бұрын
well you could put a downpayment on a home and as well diversify as much as you can into Ai and big pharm. stocks like Pfizer and JnJ.
@simone_maya3 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 making a whooping $738k in Q4 last year.
@_davidturner3 ай бұрын
I'm an art collector, this is not very new to me but has a nuance to it. Can you assist me? how do I find a fduciary
@simone_maya3 ай бұрын
monica mary strigle, you'll be in luck at this time of year to have a conversation. lady is hot topic in downtown manhattan and you must not be and accredited investor. Just browse.
@Patrick-jx1yo2 жыл бұрын
Homeowners are only “more dependable” when they’re employed. When unemployment dramatically rises, which it will, you will see housing prices drop substantially.
@missfranniepants Жыл бұрын
Exactly, and the cost of housing went up like $200k over a two year span in most major cities. So even though the rates are low, the inflated home prices/values will be underwater soon. This upcoming crash will be for a different reason - but it's absolutely coming.
@PositiveMindofMine Жыл бұрын
Yeah housing market will definately crash america is 30 trillion dollars in debt.
@Sycosoulreaver Жыл бұрын
Exactly. Did everyone forget the scamdemic?
@joesmith3590 Жыл бұрын
Unemployment won’t rise we are having the largest generation retire at the same time we are being jobs back to USA.
@freedthinker11 ай бұрын
And jobs that don't keep up with inflation
@rsb76082 жыл бұрын
Last time it crashed due to those 2 reasons. This time it'll crash for another reason while we are distracted looking out for the previous 2 reasons.
@iwontreplybacklol7481 Жыл бұрын
This
@robertdunn1280 Жыл бұрын
Bad loans to hedge funds
@buckbiro Жыл бұрын
Exactly.
@rosemarietolentino3218 Жыл бұрын
Unemployment will probably go up.
@joesmith3590 Жыл бұрын
Real estate has only really crashed once though lol.
@TranscendingNormal4 ай бұрын
I think the take away message is this- if you can afford to buy a home (you have savings, emergency savings, good credit, low debts) and you find a house with a payment that is within your budget, DON’T WAIT on a crash. If I had waited for a crash back in 2020 when I first started to think about buying a house, I never would have gotten my home. I’m priced out of my area today, and my home would have cost me double what I paid for it with interest and price increases today. Sadly, that’s the way it seems to be going everywhere. The longer you wait, the more you risk not owning a home at all. So, buy when you’re ready, not when the market is
@joebeta1837Ай бұрын
Excellent, excellent comment.
@usflinАй бұрын
Had to scroll too far to see a normal comment 😅
@Kindafu7 күн бұрын
Exactly! Real estate is not only local, it’s a personal decision based on individual factors, not what the crowd thinks is next…
@maescreativespace4445 күн бұрын
I can not afford a single family home for half a million dollars
@Greggsberdard5 ай бұрын
I don't see housing prices falling much until the supply is increased. In the USA we are short millions of housing units, and we aren't building nearly fast enough. People always need a place to live and we are constantly making new people. Any slight dip in prices unlocks a bunch of buyers who will gobble up that supply instantly. I want to buy inexpensive houses in 2024 and maybe invest in stocks. When's the best time to buy stocks? Some people say they make money, but others say it's risky. Any advice?
@crystalcassandra55975 ай бұрын
If you're new to investing or don't have much time, it's best to get advice from an expert. Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.
@Mr_Minhas5 ай бұрын
Most of the people don't have purchasing power but still they r buying expensive property. If u look into bigger picture it's all due to FOMO after covid when ppl r going back to their jobs etc. Demand has gone high. Remember, if a rocket goes high, it will come down after sometime 😂 just wait for 1.5 - 2 yrs u will see.
@SeanLives2 ай бұрын
Bots @@lolitashaniel2342
@usflinАй бұрын
Look for low cost (low expense ratio) index funds. A total stock market index fund will track to the entire stock market. Time in the market is more important than timing the market. Go with a reputable brokerage like Vangard, Fidelity, or Schwab. Don't invest any money that you need in the next 5 years. Expect the market to go down, up, down. Buy and hold, don't sell. Historically the market returns about 10% per year on average. Vivian has some good advice around index fund investing and you may want to check out Bogleheads as well.
@joshuathomas493428 күн бұрын
You haven’t factored in economic turmoil into that. The turmoil we should have experienced during Covid. But instead. We printed our way out of it. And ran the economy red hot. If you know anything about history in this country. Even over the past 50 years. It’s obvious to anyone that when you do this. It always results in harsh economic times. As long as the government stops trying to help. Things will balance themselves out. But through this process. Many people lose their homes. Which is precisely what I’m hoping for.
@PositionOfPower1002 жыл бұрын
The worst advice I ever heard. I hope your followers look at the markets and look at the past recessions before listening to this trash. Stop listening to these fools. She is telling you to buy at the peak of the market SMH
@simplysunday4766 Жыл бұрын
Worst advice.... I just hear hopium.
@berettagunowner Жыл бұрын
When did she say buy now?
@jessdedication Жыл бұрын
The peak was May 2022 people are still trying to get those prices. We are at the beginning
@lferram1647 Жыл бұрын
This is not the peak. And she never said to buy. What she’s saying is that if you’re waiting for the housing market to crash to buy, no likely. Market correction that we are seeing now are FAR from a crash. What she’s saying is true of what is happening. She’s not giving anyone any advice, she’s just stating historic and current stats and facts.
@gavel8888 Жыл бұрын
I can guarantee that what you are saying is trash and she is 100% right, The reason why housing prices are not going down this time is because big corporations like big rock are still buying them at high price. Also, inflation is a factor. The cost of renovating house 10 fold (labor, material, and so on) so if it costs you to renovate your house 100K now vs 10K 3 years ago, would you sell your house for cheap? Now, I got my house at the end of 2022 for 350K and it is estimated 410K on Zillow as of this moment. It went up from 395K to 410K for the last month. But I would never sell my house for this price. I just got a call from a big corporation and they offered 450K in cash for my house. They also wanted to offer more. But I said that I am not selling it. People like you will never get my house as I always have better buyers like big corporations. Abolishing private property is what this government is trying to achieve. Plus, the USA is now a third world country according to a recent UN report: theconversation.com/us-is-becoming-a-developing-country-on-global-rankings-that-measure-democracy-inequality-190486 And in the third world, a majority of people cannot afford housing. People should stop listening your trash. Because ignorant people like you is the reason why this country is falling so low. I bet you voted for Biden and support this useless war that got us where we are.
@Nyckaka2 жыл бұрын
Major layoffs, houses are over valued, housing market gonna crash soon.
@gibsonorbust2 жыл бұрын
What layoffs? July jobs report was amazing. Work from home pushed a permanent change in supply. Over valued? Maybe, but the days of 40% cheaper homes is over
@Nyckaka2 жыл бұрын
@@gibsonorbust hedge funds going bankruptcy, banks on brink of bankruptcy, major sector layoff especially tech,
@Nyckaka2 жыл бұрын
Interest rate all-time high, 5-9 no one can afford that.
@keithqueen3522 жыл бұрын
@@gibsonorbust if you believe job reports, I've got beachfront property in Arizona to sell you. That, along with consumer price index are among the most manipulated pieces of propaganda in the globalist arsenal.
@nongnaphass8828 Жыл бұрын
1 month later…. And you’re right! Unstoppable Major layoffs now with housing market crashed 😂😂
@marioStortuga8 ай бұрын
Inventory is low because large corporations are snatching up houses like Blackrock
@angelica48857 ай бұрын
This video is a year old and she was right. I have acquaintances saying since 2020 that the housing bubble was going to burst again because of foreclosures and Airbnb restrictions. I bought my house in 2019 then in 2020 refinanced my mortgage to 2.35% I am paying $1080 for my mortgage while these acquaintances are paying $1800 for rent. I spoke with a realtor that was leaving flyers in the neighborhood. He said the only people selling homes in my neighborhood are couples going through a divorce or death from old age. Nobody is going to walk away from a low APR
@bobfg31306 ай бұрын
No, she's not. The prices are too high. NOBODY is buying. Companies and people bought houses to resell them at a profit. They took loans and backed those loans with the houses they bought. They will default (stop paying) on their loan. Why? It's cheaper. They did the math. They will have to lower the prices too much.
@hangguy2096 ай бұрын
@@bobfg3130you literally didn't read a single thing the OP wrote
@ribz7473 ай бұрын
Worth noting that housing markets don't ever "crash" bcs houses are illiquid assets, so value doesn't drop overnight rather they fall gradually. She is wrong bcs the trajectory will be downwards due to affordability. People who bought in 2020 are probably intending in sitting in their homes for the long-term, which means they likely bought a house that was highly overvalued. Affordability is an even bigger issue today than in 2020 so current house prices are unsustainable.
@hangguy2093 ай бұрын
@@ribz747 you realize people who bought in 2020 are locked in the lowest rates ever? They pay less monthly than rents. You are truly delusional to think they are struggling.
@hangguy2093 ай бұрын
@@ribz747 you know 2020 rates are literally cheaper than rents today right?
@dragonfoxsolid1308 Жыл бұрын
There are new factors. I make six figures but I'm not going to spend 500k on a literal shack. Things are going to crash because millennials aren't going to buy 500k homes that should be 200k
@lordmarsgaming19353 ай бұрын
I told my parents the same thing. They were like you make six figures just look at this house for 500k. I said mom/dad, im not buying a 500k 30yr old ranch style house in the city that needs a crap ton of work still with a 7 percent interest rate... it is insane.
@jaxonpetersen59423 ай бұрын
100% agree, I just got a job making 90k, and while I can afford to purchase a home, none of these shacks seem worth $300K+ (Indiana)
@dragonfoxsolid13083 ай бұрын
@@jaxonpetersen5942 Indiana has much better housing prices than the rest of the country is the sad fact.
@goybi7356Ай бұрын
@@jaxonpetersen5942I made 112k last year and will make roughly 130k this year. I can’t afford a house without sacrificing nearly 50% of my take home pay… and I won’t do it.
@kerarants3550Ай бұрын
I definitely agree. I’m waiting or choosing an alternative route.
@JimmyPR2 жыл бұрын
She is wrong
@taylorsantoro91462 жыл бұрын
Dead wrong
@deebrown71602 жыл бұрын
Really? Tell us nore
@Markalike12 жыл бұрын
I feel sorry for people who would buy now due to her advice.
@germanramirez6642 жыл бұрын
@@deebrown7160 This house in Phoenix, AZ there was a house bought around 4 months in my neighborhood for $530k put it up for sell at $556k right away and right now they have it at $420k in less than 4 months lol
@savinnou79442 жыл бұрын
Look at all the defaults in auto loans currently, houses are next with the amount of stagflation and the current cost in lumber going down and the amount of houses being built is picking up the dillusition in the market will happen plus no turn on the federal reserve reversing on interest rates hikes . I'd beg to differ.
@AARon-fe1mo2 ай бұрын
In 2008 Wall Street either ignored the shady practices of the banks or was straight up clueless on what was going on. Either way, Wall Street got it wrong. Today, we are hearing the same song and dance from Wall Street except this time your average American is well aware that something isn’t right.
@23695angel10 ай бұрын
Buying a house of 480K and payments of $4k monthly?..😢..no thanks
@2birddogsandawolfdog94512 күн бұрын
You don't get a mcmansion for a first house, you start with a shit box and build equity to put into the next step up. Someone got way too many participation trophies and was called a princess too much. 🤣
@bdubs89212 жыл бұрын
Your right about the reason for the 2008 crash but there are different reasons for recessions. Homes are still being built so the number of houses will increase. With interest rates increasing, people won’t be buying homes because the interest they would have to pay to barrow money from the bank would be really high. The 2008 crash happened because the supply of houses that went on the market increased, dropping prices. What we are seeing here is a decrease in demand. It won’t be as fast as the 2008 crash, but instead a slow ride downward.
@angiew45442 жыл бұрын
No actually a lot of builders have decreased their building.
@Metallkopf86 Жыл бұрын
@@angiew4544 No building hasn’t slowed down and with lumber prices crashing, they’ll be building like mad. However, due to the high mortgage rates, they’re no longer focusing on big homes. We’ll be seeing a lot of smaller builds going up. Regardless, prices will be tanking. Also the 2006-2008 deal was a slow train wreck. It took about 6 years for prices to bottom out.
@noonespecial3212 жыл бұрын
Now is the best time to buy with current interest rates and inflation at an all time high? Sorry but whoever listens to your advice will end up getting trapped in an overpriced mortgage after the recession goes full steam and thousands of homeowners will be unable to pay their living expenses. Theres much more data to look at than just housing inventory and loan approvals....
@PositionOfPower1002 жыл бұрын
Rekt
@MrRehash198d2 жыл бұрын
Thank you for posting this comment, she is getting absolutely destroyed on here. So many factors are at play right now. At the very least she could admit that waiting another 6 months won’t hurt anything. It’s not like houses are going away. 😂 these same ppl existed in 2008, and they said the same exact thing before it crashed. Now I don’t think a full on crash will happen, bit definitely a correction over the next 12 months. You will see prices reduce just as fast as they went up. It’s not logical or mathematical plausible for prices to stay the same with interest rates and inflation where they are. Don’t ask a realtor on when to buy a home, the answer will always be the same, because they want a sale. 2 months ago I promise you she was saying prices will not go down for the foreseeable future. Now they are diving. Don’t take my word or anyone else’s for it, go out to these new builders and see all the incentives and price cuts they have already done.
@crazy4beatles Жыл бұрын
I didn’t hear her recommend buying now. Her thesis is that there isn’t a crash similar to 2008 coming. I agree it won’t be like 2008 but disagree that there won’t be a crash.
@outofthebox5441 Жыл бұрын
If your scared get out the kitchen. I just bought my 4th rental and all of cash flows. I had no competition with my last purchase, and no bidding wars. I bought the house 20k under. If you think the houses are going to crash then your going to be left to drown once these rates come back down becuase prices are going to head right back up!
@timdeathly Жыл бұрын
Nothing happend and houses are up 20% more
@danielteklemariam9051Ай бұрын
Meanwhile it is June of 2024 and the number of listings in my area has doubled compared to the same month in 2023, some of the listings have been on the market for over 90 days and the prices are being cut between $15k to $25k and they still haven’t sold. This didn’t age well
@WalterFelts2 ай бұрын
In 2008 the housing crash was caused by default. Yes, but those defaults weren’t solely based on bad loans. It was due in large part to the greed of banks and their adjustable rate mortgages. They raised the interest rates and priced people out of the homes and caused the default. Then they foreclosed on the homes, kept the asset while the American taxpayer bailed them out.
@TheCatholicGirlАй бұрын
This isn’t even remotely true
@WalterFeltsАй бұрын
@@TheCatholicGirl please enlighten me then? Did the banks not write adjustable rate mortgages? Did they not raise the rates as soon as the arm was over? Did they not foreclose on those homes when payments weren’t received? Did the US government not bail them out? Does the US tax payer not provide the government with the money which to spend? Which part isn’t true?
@TheCatholicGirlАй бұрын
@@WalterFelts The banks have always written adjustable rate mortgages. I had an adjustable rate mortgage in the ‘90’s and the rate only went down. The banks do not raise the rates, the fed does. If you don’t pay your house will be foreclosed on and your car will be repoed. They will come and take back anything you aren’t paying on, including furniture. You’re getting closer to reality with the government bailout. The biggest thing that caused the crash was the repeal of the Glass-Steagall Act and the Obama requirement to lend to people that would not ever be able to pay the loans back or the feds would seize the banks. Those two things caused the crash. The repeal of the Glass-Steagall Act means the bank no longer holds the paper aka no consequences for bad loans. Clinton and a Democrat controlled congress did that. You have to wonder why they don’t put that back into place.
@98godofwar2 жыл бұрын
Australia already down 40% and uk and US markets already showing signs of weakness ... Irresponsible to put something like this out on KZbin without even a warning that your info could be wrong. You could be screwing over people's LIVES with your videos. Please reflect on yourself and weather tour views are worth ruining lives
@rawa74172 жыл бұрын
Canada is down an average of $50k/month since February
@gglen2141 Жыл бұрын
Australia is down 40% in certain wildly overinflated markets. Looking at you Sydney.
@dkg_gdk Жыл бұрын
You are the responsible one? At least we know her name, who the hell are you?
@cfnaround15852 ай бұрын
The problem isn’t the housing market, it’s the endless printing of money to make the value of the dollar drop so no one can afford a home
@JoshB913 Жыл бұрын
People always say, “things are different now.” I know from personal experience in applying for a mortgage that they are not. With FHA they will approve you for a mortgage with a DTI ratio of over 50 percent. They were going to do it for me and I ended up turning it down because I knew I could not afford it. They are now giving out arm loans as well. I don’t think much has changed. History always repeats. This is a little soon but we will see.
@steveh530710 ай бұрын
DTI requirements have been laxed and a lot are straining their budget to get into a house. Last November, they were pushing me to take out an amount that'd have been 45% DTI. I always thought about 38% was the limit. I hear 50% these days quite commonly and that's WITH today's rates that are more than double compared to last November. And don't forget jumps in property taxes and insurance. Credit card rates are 20%+. Student loans are back in full swing. Covid era leniencies are gone. Don't just look at mortgages. Look at overall finances of a lot of people and it's MAXED out. A job loss and their whole finances will collapse within 3 months.
@bobfg31306 ай бұрын
Relax. Businessesmen will blow everything up. Those guys made sure everything went down in tbe 2000s. They took out loans that were backed with the houses they would buy. The houses stopped selling and they defaulted on their loans because they knew it will ONLY affect them for 7 years IF THAT. It's just math.
@bobfg31306 ай бұрын
@@steveh5307 The businessmen will crash the market like they did it last time, in 2008. They took out loans to buy houses and backed those loans with the houses the bought. Suddenly they couldn't sell the houses anymore or rent them because people either were buying that were dirt cheap or were moving back with their parents or moved with some relatives or something. At that point they start doing the math and figure out it's cheaper to just default even if in the following 7 years they will have a worse credit score. In fact they will be able to get a reduced interest and better terms if they negotiate even with a bad credit score because fewer people will take a loan.
@Yui789esss5 ай бұрын
@@steveh5307 it’s been 4 months since your comment and the stock market is rallying to all time highs 😂
@OnlyPanss3 ай бұрын
Bro! I have been saying the same thing! History repeats itself! The stock market is booming because people are spending like crazy!!! I’m holding to all the cash I have! I’ll be ready!
@usflinАй бұрын
I swear some people need to see prices going up for 100 years before they might be willing to admit there is housing crisis. We stopped building enough homes about 50 years ago. Prices are not dropping. Good luck everyone it's rough out there!
@nathanfrickle50252 жыл бұрын
Realtor here. For one 6 month inventory is an extreme sellers market. 3 month inventory is considered a balanced absorption rate. Call it a correction or a crash or whatever you want but prices are coming DOWN if interest rates don't. Owner occupant buyers simply can't afford these interest rates on these prices (which produce by far the highest monthly payments we've ever seen). Also, investor yield is just about at an all time low, so I can't imagine what else we could do to gut demand and cause supply to snowball. I live in South Dallas, and inventory has doubled in the last 6 weeks
@dadada396 Жыл бұрын
How long have you been a realtor? I'm curious to learn more about your market.
@nathanfrickle5025 Жыл бұрын
@dadada396 I've been a realtornfor 4 years now, and I am now a licensed broker. I do a monthly market blog, if you send me your email I can add you in.
@lolzsridz Жыл бұрын
I am in North Dallas and would love to learn more as we are looking to purchase a larger house 🏠
@frankc.astle214 Жыл бұрын
hows the inventory now?
@hydr0129 ай бұрын
It’s been 1 year, interest rates are even higher, and still no sign of a slow down. Prices are even higher than they were late 2022 when we purchased. Any hope for a crash in 2024 after the new year? Fingers crossed!
@Jerese397 Жыл бұрын
Can we PLEASE talk more about this? The housing market is going to crash as we go further and further into recession. We are seeing consumers spend less money on goods. Less money on goods equates to less items being purchased by manufacturers which results in less products being sold in stores. The less places sell, the lower the profits. Lower profits and less work leads to layoffs. Layoffs lead to people not being able to pay bills which of course leads people to cutting cost as much as possible.
@hydr0129 ай бұрын
It’s been 1 year, interest rates are even higher, and still no sign of a slow down. Prices are even higher than they were late 2022 when we purchased. Any hope for a crash in 2024 after the new year? Fingers crossed!
@JaggedMercenary8 ай бұрын
@@hydr012 I came here exactly to say this. Prices are literally exploding in Europe too. We'll try to buy in 2024 anyway, cos there's not going to be a crash anytime soon anyway.
@phillips83667 ай бұрын
Exactly @MalibaMakasi… house prices seem high because everything seems high.
@bobfg31306 ай бұрын
It will crash when people stop buying. Fewer and fewer are buying.
@bobfg31306 ай бұрын
@@phillips8366 Prices ARE HIGH.
@staceyharrison5158Ай бұрын
Market is already crashing in some areas. Homes are being reduced 20%+ in some cases and sub prime loans with 0% down have made a return. Only a matter of time before we enter a recession.
@missnfun2 жыл бұрын
I would love to agree unfortunately the mortgage cant be paid if there is a loss of employment and with inflation the writing is on the wall. Sorry Vivian but you got it wrong this time.
@YourRichBFF2 жыл бұрын
So what are your thoughts that a lot more of the market is not institutional money so loss of employment won’t really impact them making payments? I’m always happy to chat through differing opinions (as long as everyone is respectful and nota troll lol)! You very well could be right. Lots of investors/realestate professionals/economists are divided!
@missnfun2 жыл бұрын
@@YourRichBFF I'm no professional here😌but based on history most booms in a market lead to a crash unfortunately. The markets are really uncertain now and I think that alot of jobs may be lost and although there may be more job openings available I question if the pay would be enough to makes ends meat including paying a mortgage.
@missnfun2 жыл бұрын
@@YourRichBFF congrats on your future nuptials 💞
@MrRehash198d2 жыл бұрын
@@YourRichBFF it’s not about trolling, you are giving ppl extremely damaging advice. The market isn’t in total free fall, but it’s definitely not stable. Prices are dropping and builders are trying to stop the bleeding with wild incentives. You can’t give a honest answer to prices vs average income. Prices will not keep going up like they did during the pandemic. That was 100% artificially grown with 3% interest rates and tons of cash pushed into the system. Wages have only gone down if inflation is at 9%. Look at the numbers on credit card debt right now, it’s honestly scary. I’m not trying to be rude or a troll, it’s just mind boggling that someone would put a smile on their face and say these things. Idk if it’s for clicks or what… lucky I can see ppl are actually paying attention to the situation.
@missnfun2 жыл бұрын
@@MrRehash198d totally agree! Well put!
@mantexas90332 жыл бұрын
"This time it's different." Uh huh
@bisonfan715 Жыл бұрын
Everytime will be different. That's how it works
@LordKalerran Жыл бұрын
Because it is. Sorry Tommy Jr, but a crash like 2008 isn’t gonna happen again. You were born way too late
@MrMustang13 Жыл бұрын
I mean it’s 3 years past Covid now and houses are still at least 100k more than they were a couple years ago. It’s not going to collapse, it may drop but it won’t collapse.
@hydr0129 ай бұрын
It’s been 1 year, interest rates are even higher, and still no sign of a slow down. Prices are even higher than they were late 2022 when we purchased. Any hope for a crash in 2024 after the new year? Fingers crossed!
@Yui789esss5 ай бұрын
And now a year later ? What you gotta say?
@seanbleahy5 ай бұрын
Also don’t for get all those companies buying up all the houses to create the renter state.
@vashspecter7 ай бұрын
I think the problem now is houses being bought up by financial groups to do either Airbnb/rent out, pretty much taking them off the market. Good luck out bidding blackrock/vanguard
@harryknuckles36672 жыл бұрын
Rich people don’t buy houses for the asking price, especially overpriced 20%-30% more. Rich BFF sounds hella SUS rich people don’t have to tell everyone .
@keithqueen3522 жыл бұрын
harry knuckles well, I know a guy personally that was offered 30% more than his asking price by Blackstone.
@hydr0129 ай бұрын
It’s been 1 year, interest rates are even higher, and still no sign of a slow down. Prices are even higher than they were late 2022 when we purchased. Any hope for a crash in 2024 after the new year? Fingers crossed!
@CaliforniaGirl18 ай бұрын
California's market will never crash. There is an inventory shortage.
@Leopold2847 ай бұрын
Also don't forget that less homes were built due to the pandemic so the demand is still there
@mle3857 Жыл бұрын
Denial isn't just a river in Egypt.
@phillips83667 ай бұрын
I assume this is about all the people praying for a crash, right?
@jesse_-3 ай бұрын
Been almost two years since she posted this and homes are still way up and rising.
@ThorMaximus2 жыл бұрын
There’s a lot more to 2008 than she has a clue about.
@retireelife011 ай бұрын
this is what happens when kids think they know everything just because they get their answers on tiktok
@Yui789esss5 ай бұрын
@@retireelife0like what ? Predatory lending was the biggest reason
@rawa74172 жыл бұрын
The crash this time won't be for the same reason as 08 but there will be a crash. "Responsible homeowners" have piled HELOC debt. All it needs is a recession that will cause mass layoffs. Of course we are not in a recession according to officials.
@Aristocratic13 Жыл бұрын
What is HELOC debt?
@katrinat6314 Жыл бұрын
@@Aristocratic13 HELOC= Home equity line of credit
@dadada396 Жыл бұрын
Yeah "officials" keep changing the definition of recession lol
@MsMusiqueManiaque Жыл бұрын
Well we are now
@lcjennah13 күн бұрын
The reason we’re heading for a crash is due to the over asking prices and the new housing causing housing prices to increase dramatically. As a result, taxes and insurance increase. Also, utilities are increasing. So the home owner is unable to afford their homes. Not to mention if the house was not assessed and it winds up being a big money pit or a toxic hazard to living conditions and health. No one should have to pay over asking for a complete money pit and lose their whole life savings. It’s unsustainable in many states and cities. Thank God because it’s so unfair and I can’t wait until it completely crash’s and hit rock bottom. For those who paid $50k or more over asking, I hope it was worth it.
@rahhjur3 ай бұрын
Credit can still deteriorate really fast. Right now student loan borrowers can skip payments and not get penalized on their credit. That will change in September.
@bradburdett44912 жыл бұрын
Yes bubbles just go up forever. This is what history shows
@jaybartgis51482 жыл бұрын
History shows there has never been a crash in US History with the one time exception of 08 do to very specific reasons that have nothing to do with today's climate
@jaybartgis5148 Жыл бұрын
@@blakejohnson3864 name one single time other than 2008 (which was not caused by investor speculation) the housing market crashed.
@jaybartgis5148 Жыл бұрын
@@blakejohnson3864 your claims that housing crashes up and down is just plain wrong and just factually incorrect. There is zero evidence to support this. And if disagree, then show me actual proof. I'm no speculator and I'm 100% rooting for first time buyers and the middle class. But you must understand the misconceived notions that doing nothing and waiting is somehow mitigating risk.
@MsMusiqueManiaque Жыл бұрын
@@jaybartgis5148 and Covid is not a specific reason? Did we ever had a pandemic before, that influenced the economy and society en masse? We’re looking at unprecedented effects now.
@MsMusiqueManiaque Жыл бұрын
@@jaybartgis5148 1929. That’s one. 1980, another one. Go figure.
@matthewmazur95792 жыл бұрын
That's a straight up lie. Why have 8 of my coworkers lose their house to foreclosure. All of these influencers need to stop listening to Dave Ramsey when the man has been burned twice in the market and says the same stuff.
@joaquinperez8714 Жыл бұрын
Because they are stupid and can’t manage their finances😂😂
@Yui789esss5 ай бұрын
what country are you ? …. I monitor the real estate around my area and seen thousands of houses and maybe 1 or 2 foreclosures due to foundation issues 😂
@matthewmazur95795 ай бұрын
@@Yui789esss central Texas. Last 8 month house listed on the market went from 460 homes to 1,380. Price cuts everywhere.
@ntmn844411 ай бұрын
Right but it’s unaffordable now. In my area not many people make the kind of money to buy $600k homes. Even if I move to another part of the state or even another state , it’s not affordable for my family. The sad part is we have a down payment that 4 years ago would’ve gotten us a home if we would’ve had that money then.
@roastboi5361 Жыл бұрын
Sometimes the rich BFF ain't always the most intelligent 😐
@simplysunday4766 Жыл бұрын
"But things are different now.." hahahaha you are right. It's an everything bubble. It's gonna be worse...
@michaellong243911 ай бұрын
that doesnt seem to be the case
@hsiang423610 ай бұрын
18 months later lol still no crash. keep waiting until 2030. it'll crash by 2030 for sure
@michaellong243910 ай бұрын
@@hsiang4236 nono, he meant the nExt 6 months, just wait
@hsiang423610 ай бұрын
@@michaellong2439 got it lol how stupid of me to think the housing market won’t crash
@hydr0129 ай бұрын
It’s been 1 year, interest rates are even higher, and still no sign of a slow down. Prices are even higher than they were late 2022 when we purchased. Any hope for a crash in 2024 after the new year? Fingers crossed!
@markjamison9677 Жыл бұрын
I can’t believe she actually said all that with a straight face . For sure she sells Realestate .
@hydr0129 ай бұрын
It’s been 1 year, interest rates are even higher, and still no sign of a slow down. Prices are even higher than they were late 2022 when we purchased. Any hope for a crash in 2024 after the new year? Fingers crossed!
@jesse_-3 ай бұрын
22 months later at she was not only right, but homes are still going up!
@scottmyers90910 күн бұрын
Add legislation to ban private equity from buying homes and you’ll see supply open up real quick.
@Corkfish1 Жыл бұрын
Woman is completely ignorant of the 1980s real estate bubble that basically contributed to most of the S&Ls in the country going belly up. 2008 was not a one off dear.
@christopherrivera905 Жыл бұрын
This will not age well. 😂
@HeatherHanderson Жыл бұрын
What crash??
@9492nino11 ай бұрын
Your still waiting a year Later and they have only kept going up lmao
@christopherrivera90510 ай бұрын
@@9492nino bruh 😂 shits nuts.
@jesse_-10 ай бұрын
It’s over a year, and she’s has been spot on thus far. Home prices are predicted to continue rising. There’s were a lot of people a year a two ago saying the housing market was going to crash, but basis economics paints a different picture. Under what basis did you believe the housing market was going to crash? This is like the late 1970s/1980s, where home prices increased significantly, and they never went down.
@Coffeendonuts7 ай бұрын
Here we are almost two years later and house prices have gone up
@jamespeters92842 жыл бұрын
Keep thinking that . Lol
@lorddaggerdik66632 жыл бұрын
Says the fool that’s been waiting for the market to crash for the last 7-8 years hahahahahha keep waiting while the rest of us buy and flip
@ShulaTheDon132 жыл бұрын
@@lorddaggerdik6663 you’re not buying shit lol 😂
@timdeathly Жыл бұрын
Nothing happend
@UrbanMatts9 ай бұрын
@@lorddaggerdik6663 cope harder our time is coming bud
@cia94219 ай бұрын
@@UrbanMattsyou’re still waiting for a crash? Lol
@davidorellana6278 Жыл бұрын
Rates going up , people losing their jobs , inflation climbing back up , dollar losing value … no people will still be afford to keep up with their expensive mortgages.. nothing to see here
@ReeLSpirit11 ай бұрын
If dollar loses value, means housing prices will shoot up as people try to get rid of their worthless dollars for better asset. Wtf you smoking
@perfumelover77721 күн бұрын
This video is from a year ago, I own my own home with a decent interest rate. Currently my home is worth more than twice what I paid for it. I’ve been looking at the market for some time now as I am considering moving and in some areas prices are already decreasing. Costs of living continues to increase, salaries are still the same and unfortunately not everyone can afford to pay their mortgage with the increase in insurance and taxes especially in Florida. It’s only a matter of time, the market is going to crash.
@Dowhatsright992 жыл бұрын
Yeah, let’s totally ignore that we just entered a recession and companies have already started laying people off. Most people can’t pay their mortgage without a job
@DJR52802 жыл бұрын
Or the fact that inflation is at the highest levels we've seen in decades in ALL sectors
@kenaultman7499 Жыл бұрын
Foreclosures now up 700%.
@hydr0129 ай бұрын
It’s been 1 year, interest rates are even higher, and still no sign of a slow down. Prices are even higher than they were late 2022 when we purchased. Any hope for a crash in 2024 after the new year? Fingers crossed!
@irony112 жыл бұрын
More inaccurate information. Please don't post information unless it is fully researched. Opinions do not matter, facts do. If people stopped caring about popularity (clicks), and money (monetization) and had morals, integrity, and ethics the world would be much better.
@hydr0129 ай бұрын
It’s been 1 year, interest rates are even higher, and still no sign of a slow down. Prices are even higher than they were late 2022 when we purchased. Any hope for a crash in 2024 after the new year? Fingers crossed! Hoping to watch this whole thing burn!
@phillips83667 ай бұрын
I’m fascinated by the psychology here. Presented with convincing data that there isn’t enough supply to meet demand, TONS of people skewered this girl for claiming that prices weren’t going to crash. 18 months later, they haven’t crashed. With interest rates coming back down in 2024, we’re going to see prices go through the roof again. I don’t know much, though. I’m only a full time real estate appraiser who gets paid to analyze markets all day
@irony117 ай бұрын
@@phillips8366 [They] say they will think about reducing rates. Until it actually happens it is not a guarantee. If people have paid attention, historically, to the patterns they will be able to see where we are comparatively to 2008 and even the great depression. Where does one look to see what is to come? Look at the financial data from around the world & again compare to what has happened in history. There is your convincing data. History tends to repeat itself when people do not learn from it (and remember it) the first time.
@irony117 ай бұрын
@@hydr012 I will watch with you.
@duanesmith138810 ай бұрын
This is rich. Some of these comments are almost a year old so I assume the video is just as old. So you were wrong and the correction isn't even finished. Housing market is already down 11% nationwide. Corporations are leaving the housing market because they can't reap rental or AirBnB profits like they thought they would. Selling is slowly becoming more competitive. The Fed has stated they WANT housing and rental prices down and you're telling me that they're lying? This video is a real hot take.
@kickboxer81732 жыл бұрын
i looked at my zillow feed. just in my immediate location. last month there was only one home for sale. now there is a dozen. this is my personal data.
@lani6700 Жыл бұрын
Same here! I still get Zillow emails despite buying a home last year just for fun. The supply for the past six months has been incredibly tight and way overpriced (fixer uppers with no working bathroom going for a third over what I paid for a beautifully maintained Victorian) now I'm seeing about 5x the options and only about 1/5 over what I paid for something comparable. I think the trend will continue downward, but I'm very lucky to have gotten a good deal and good rates whereas new buyers are maybe gonna get a good deal but I'm seeing double the rate I scored
@kickboxer8173 Жыл бұрын
@@lani6700 smart move.
@kickboxer8173 Жыл бұрын
10 to 50 k drop in my area now.
@hydr0129 ай бұрын
It’s been 1 year, interest rates are even higher, and still no sign of a slow down. Prices are even higher than they were late 2022 when we purchased. Any hope for a crash in 2024 after the new year? Fingers crossed! Hoping to watch this whole thing burn!
@lenemoyn56755 ай бұрын
I can't, I'm absolutely DYING at the comments saying you're wrong only for it to be now 2024 and still no crash! What a surprise! 😂
@rtj23974 ай бұрын
If this continues, it will crash before 2030
@RickyTPB4L4 ай бұрын
Well if you actually paid attention you'd notice that the economy is being propped up by more and more spending essentially delaying the inevitable. They don't want this to happen before any election. Everyone's broke and mortgages have doubled and people are living off credit more than ever.
@adriennetravels12 күн бұрын
I'm so glad I got my house after the 08 crash. That was the best investment I made.
@SleepyJoe40810 ай бұрын
It’s easy for spoiled ppl with money to predict these type of things. Like her!
@ciscoventura11 ай бұрын
This aged like fine wine 🍷 😊 Definitely 💯 on point There still is no crash 1 year later because everyone wants a home now
@mg-by7uu9 ай бұрын
From 2008-2012 national prices went down 25%. In the last year they went down 13%. Not counting stealth price cuts aka "rate buy downs" and "5% towards closing costs". You aren't noticing the crash because they're distracting you with lies, getting creative with their price cuts, and hiding tens if not hundreds of millions of finished homes off market
@xianx18667 ай бұрын
@@mg-by7uu2023 went up 3 percent nationally. What are you talking about 😂
@CarlosSanchez-dp9nz2 жыл бұрын
Lumber pricing finally coming down. When the lumber, steel, and other raw material prices become stable The builders will start increasing supply of homes bringing price down. It’s a buyers market right now by the way people.
@Kurplode2 жыл бұрын
The main concern is the fact that we had this insane demand and unnatural increase in housing prices for two years straight because if you didn’t overpay, you didn’t stand a chance. Demand is what kept the prices up and stable for these two years. If demand is the cause and you kill it, you kill the foundation for big increases. It’s either going to be a slow painful little to no equity gain for a long time while wages catch up, or it’s going to be slow downhill in prices which is what I’m seeing right now. And that’s with the low end (starter hones) almost non-existent. So you know that’s a bad sign.
@XalexandraXRrR Жыл бұрын
I wonder, who were people who have been buying the last couple of years… it simply seems like stupid logic, no matter how I twisted the numbers, it made absolutely no sense to invest in real estate.
@Kurplode Жыл бұрын
@@XalexandraXRrR it’s funny coming back to this now. We’re on a year over year price decline which is quite the opposite of this video, lol
@garywiseman50808 күн бұрын
I talk to people here in Florida, with mortgage payments above 70% of their take home salary. They have decent credit scores, for now. Often these are 50+ people who have rented their whole lives. They are thrilled with their bankers for making their dream of home ownership a reality. Boy, is this going to go badly.
@happy153ful2 жыл бұрын
I think real estate investors are currently the irresponsible borrowers this time around. With rent hicks so high who are going to rent these houses now. Homelessness will hit new highs first but give it some time and the slow bleed will start.
@jimmyvillegas21722 жыл бұрын
I've been seeing the "crash is here" & "the bubble has popped" 30+ times in the last 8 months lol.
@unknowndriver66522 жыл бұрын
At this point its annoying 😒
@Metallkopf86 Жыл бұрын
Things peaked 2005 to 2006. The real crash happened in 2008. Prices didn’t bottom until 2011 or 2012 I believe…. Then 5 years to rebound to previous prices. I believe it was a 10.7 year total. If you’re basing it off 8 months? In the last big crash it was down 1.9% in a year. We’re at 3.7% in 5 months. You have no idea of the fine line we’re walking. The politicians in charge are in over their heads. It’s going to get baaaad. If you think otherwise then you can’t fix that kind of stupid… also important to mention. In the 08’ crash, home owners financials were in the orange. Signifying they couldn’t afford their home hence the foreclosures leading to the high supply. We’re now in the red, never been here before and this gals over-simplistic analysis is mind numbing.
@moomoo519813 күн бұрын
She’s right. The lender is doing insane process of approving mortgages and on top of that they have at least 6-1 year of savings to weather the bad times.
@Zellnov217 ай бұрын
Low inventory? There is 15.1 million vacant homes in America. Low inventory? Give me a fucking break
@jameslocklear52987 ай бұрын
Geez crash bros can be this much delousional and straight dumb 😂😂😂😂😂😂 pathetic
@jacobhanson10472 жыл бұрын
I saw a house drop 50k 😂 470k to 420k. Most listings I see have dropped 5-15k this month.
@joaquinperez8714 Жыл бұрын
How bout now ?😂
@hydr0129 ай бұрын
It’s been 1 year, interest rates are even higher, and still no sign of a slow down. Prices are even higher than they were late 2022 when we purchased. Any hope for a crash in 2024 after the new year? Fingers crossed! Hoping to watch this whole thing burn!
@HollowGTX5 ай бұрын
Nope it wont crash ever @@hydr012
@tonimillersmith10092 жыл бұрын
Definitely can't maintain the current market. We won't have a 2008 like crash, but we will have a shake up for sure.
@deenoverdunya062 жыл бұрын
Not a significant one, however. Sure, the market will correct itself - on a good day, home prices will drop 10 to 15% - but demand will still out pace supply, like, by alot. Four million homes will have to be built to keep up with demand and considering how there has been a prevalent desire for homeownership amongst millennials (or everyone), there is no way of telling how wide this gap will get. People don't want to rent anymore, people want equity.
@Cali4152 жыл бұрын
@@deenoverdunya06 if we’re in a recession, demand will NOT be there. So if inventory goes up and there’s no demand, prices will surely fall dramatically.
@toddspangler66692 жыл бұрын
Interest rates rising from 2s to 5s+ are one of the driving forces that is causing demand to go down. With low demand comes more price reductions, less to no bid wars, houses staying on the market longer = rising inventory. Rising inventory will eventually lead to sold prices going lower than the last couple years = normal and if it keeps going like this for the next 6-12 months, a buyers market.
@MrRehash198d2 жыл бұрын
@@deenoverdunya06 I respectfully disagree, prices will have to come down to pre pandemic levels to be affordable at the new rates. Wages are not keeping up with the inflation rate. The next few months are going to really show what the debt bubble can do to an economy. Those jobs our president keeps talking about are low wage non career gigs. A lot of hard working individuals are working two jobs now just to keep up. That’s why ppl are fearing a crash because once the cash dries up the jobs will also. Nobody is a fortune teller and I hope I’m wrong, just doesn’t look that way. Sadly…
@germanramirez6642 жыл бұрын
@@deenoverdunya06 10-15%? Lol This house in Phoenix, AZ there was a house bought around 4 months in my neighborhood for $530k put it up for sell at $556k right away and right now they have it at $420k in less than 4 months lol that’s more than 15%
@kathyb57404 күн бұрын
PEOPLE CAN'T AFFORD inflated prices..inflated taxes ....inflated insurance costs....wake up and smell the coffee!
@luckylady12310010 ай бұрын
Credit scores are a scam. Not reporting rental history but evictions should be illegal.
@DJR52802 жыл бұрын
Your problem like so many others is you keep comparing this to 2008. The same storm that caused 2008 isn't going to cause this downturn.
@bisonfan715 Жыл бұрын
This starts with the Airbnb mania collapsing and suddenly all these investment homes have to be sold or foreclosed on. I say that's a good thing. Screw Airbnb
@hydr0129 ай бұрын
It’s been 1 year, interest rates are even higher, and still no sign of a slow down. Prices are even higher than they were late 2022 when we purchased. Any hope for a crash in 2024 after the new year? Fingers crossed! Hoping to watch this whole thing burn!
@cassieshaffer86132 жыл бұрын
This all depends in what City and State you live in. Small town in Ohio here and people are defaulting very quickly here due to low paying jobs, gas and food prices and increases in rent. So not all information is limited to your specific City.
@LottimusMaximus11 ай бұрын
It’s a crash specifically aimed at investors. This genius didn’t factor in AirB&B, landlords and corporate investors not being able to rent out their homes due to the financial crisis and mass layoffs. When property owners are forced to sell…. There’s our boost in housing inventory and there’s your crash.
@acemany1126 Жыл бұрын
The Chinese think they know it all...with their secret satellite
@Jameskalfman-vg6tn4 ай бұрын
*I bought Bitcoin back in 2015 it was worth $359. I invested $10,000 and had 28 bitcoins. I sold everything when it hit $71,000.*
@Jameskalfman-vg6tn4 ай бұрын
@Zacksullivan984 hell yeah
@Dianashehee4 ай бұрын
Wow
@Jameskalfman-vg6tn4 ай бұрын
I really can't take all the credit though
@Jameskalfman-vg6tn4 ай бұрын
This is all thanks to Ms ‘ she is my inves tment coach
@Ann_palmer5324 ай бұрын
I recently started trading in the winter, invested 50k with h e r and my portfolio is currently worth slightly over 170k. That's alot more than I make annually from my job.
@darrellbrown81652 жыл бұрын
You're wrong.
@LordKalerran Жыл бұрын
Apparently she was right. There was a small housing price correction but no crash.
@darrellbrown8165 Жыл бұрын
@@LordKalerran Only an idiot will think this over, it's just getting started.
@hydr0129 ай бұрын
It’s been 1 year, interest rates are even higher, and still no sign of a slow down. Prices are even higher than they were late 2022 when we purchased. Any hope for a crash in 2024 after the new year? Fingers crossed! Hoping to watch this whole thing burn!
@jesse_-3 ай бұрын
Was she? It’s been 22 months and home prices are still rising.
@darrellbrown81653 ай бұрын
@@jesse_- Yes, pay attention to national data, the prices in some markets, and the days sitting for sale have begun to extend. It doesn't happen overnight, not to mention them monkeying around with interest rates.
@Lumosnight11 ай бұрын
People have been talking about a housing market crash for the last decade, if Covid didn’t bring it down nothing will. A big reduction in house prices won’t be happening for a long time, I have to agree with her.
@jayrodriguez3352 жыл бұрын
When it hits the fan you better do a rebuttal
@hydr0129 ай бұрын
It’s been 1 year, interest rates are even higher, and still no sign of a slow down. Prices are even higher than they were late 2022 when we purchased. Any hope for a crash in 2024 after the new year? Fingers crossed!
@pimpogrenudo12 жыл бұрын
Brilliant. Everyone is an expert now.
@hydr0129 ай бұрын
It’s been 1 year, interest rates are even higher, and still no sign of a slow down. Prices are even higher than they were late 2022 when we purchased. Any hope for a crash in 2024 after the new year? Fingers crossed! Hoping to watch this whole thing burn!
@jackofdiamonds70682 күн бұрын
Also add in the fact corporations are buying homes to rent out takes from available homes to buy also. Buy land and build on it is your best bet.
@TannerMontana69 Жыл бұрын
Buying a house at 160% LTV is not a responsible buyer!!! Not even close
@Daddy-ci6jb2 жыл бұрын
This ain’t gonna age well🤣
@LordKalerran Жыл бұрын
Still waiting for that crash? Your comment has aged like milk my dude
@MsMusiqueManiaque Жыл бұрын
@@LordKalerran didn’t the feds announce inevitable recession yesterday? Chug that milk.
@themoneydownloader1247 Жыл бұрын
Is it aging well? Or you want to wait another year and see how that goes for you? 😂
@xianx18668 ай бұрын
it’s been a year man.. any crash yet?! 😂
@Drando19898 ай бұрын
You don’t know how the economy works so why comment? And be wrong?
@ericp11393 ай бұрын
If interest rates drop even by a little, people will be fighting to buy homes.
@nancylara4901Ай бұрын
Well, here we are now, July 2024 and there’s no crash in the market. At least in most cities, instead prices have gone up. That’s the case in California and it’s the case in most states. Some places have been corrected but not by much. If you were waiting on a big crash, the OP proved you wrong. What people don’t understand is that if you are looking to buy a house for long term, why wait? Even if houses go down in prices a bit, in the long term house prices always go up in value. I purchased my house in 2017 and what I pay now on my mortgage is much less than what I would be paying on rent. Also my house has gained about $300K in equity even after a market correction that didn’t last very long because of supply and demand, prices kept going up. So for all the people that predicted a crash you lost and you were wrong to wait. If you are an investor and want to flip houses then yes, you need to pay more attention to the market corrections, but most people just want a house to live in long term.
@steel2stone Жыл бұрын
I started to buy a house last year. Then i saw the prices. I was approved for a much higher priced home than i could reasonably afford. This is common now. Using overtime and part time jobs that allow buyers to artificially raise their income for approval. Secondly they still lending to people with less than desirable credit. Loan officers work off commissions. Theyll do anything to get you approved. Because they get paid whether you make your mortgage payments or not. Especially in this market where most arent buying. Trust me theres some shit loans going out.
@jennifercordova70262 жыл бұрын
She's definitely not taking into consideration the fact that I now have to refinance my home just to barely be able to afford eggs, bacon and gasoline.
@kimberlymartin459 Жыл бұрын
You need to visit your food banks and hold off on the refi...
@hydr0129 ай бұрын
It’s been 1 year, interest rates are even higher, and still no sign of a slow down. Prices are even higher than they were late 2022 when we purchased. Any hope for a crash in 2024 after the new year? Fingers crossed! Hoping to watch this whole thing burn!
@bobbobbington36158 күн бұрын
There won't be a crash as long as homes are being bought by companies.
@lizrohme22328 ай бұрын
Today’s homeowners are investment companies - not regular people!
@BetrayaloftheBody Жыл бұрын
I worked in mortgage prior to the first crash and I keep telling people this. They think the rising prices is just like prior to the crash but the reasoning for it is totally different so the end result will be as well
@JB.12342 жыл бұрын
This video isnt gonna age well. Lol this lady thinks prices will keep rising or even stay this high forever. Must not know that markets go up and DOWN. Lol
@danyto Жыл бұрын
I watched the video, she didn't say prices will continue to rise! You just need to know the difference between a crash and a correction. -30% in this market is a correction not a crash!
@hydr0129 ай бұрын
It’s been 1 year, interest rates are even higher, and still no sign of a slow down. Prices are even higher than they were late 2022 when we purchased. Any hope for a crash in 2024 after the new year? Fingers crossed! Hoping to watch this whole thing burn!
@jesse_-3 ай бұрын
She posted this video almost two years ago and homes prices are still soaring. It’s economics 101. So many people were so rude to me when I told them it wasn’t going to crash. It’s like they were angry with me.
@ClientFlowАй бұрын
Wall Street was the last to know that the crash was happening 2008. Those who live it every day knew.
@calebkang55443 ай бұрын
She is correct to say this time it's not like 2008. This time it will be much much worse!!
@mrLoftladder Жыл бұрын
"Its different this time" lol, pmsl
@adnan_velic2 жыл бұрын
Her argument here is flawed. She’s using 1 event that happened in 2008 to justify her point when in reality the housing market is much more complicated than that. We are in bad shape economically with inflation through the roof on virtually everything being sold yet income has not increased to keep up with inflation. We can point to 2008 and understand what triggered the bubble to pop in 2022-2023 it will be a combination of things.
@Cosmos-ze1oz11 ай бұрын
She is lying to make money period!
@marveliciousgoku43432 ай бұрын
Just wanna let you know there is more than 1 reason Housing market Crashes..... it does not have to be the same reason every single time a crash happens 😅😅😅😅😅
@77sl33zy777 ай бұрын
Sit on the sidelines with a purpose… fix ur credit, get ur emergency fund and down payment ready… monitor ur specific market 💪