Homes need to not be a investment. That's what has caused all the housing messes we have gone through. Just remember housing is. Something we need for strong middle class.
@gravity-zero2917
10 ай бұрын
I'm considered middle class and guilty for buy and sell for the past 10 years. Can't help it since I was making good profit that I could never save, u feel me.
@redtiger7268
10 ай бұрын
Yes and no. Without investment in housing there would be no housing. Builders are a form of investors and thus need incentive (profit) to build. Landlords also need incentive to provide people a place to live that are not able to afford to own. The problem arises that we have allowed large scale investors into the market which has caused major price disruptions and runaway price inflation. If landlords were just your small "mom and pop" (example kids inherited parents house and turned into into a rental) rent rates would be lower as the profit incentive would be less.
@WholeLottaRandoms
10 ай бұрын
@@redtiger7268 Sounds like you and the other reply value profit which is part of greed. Do not let greed for profit run your lifes. I work in home construction building as a foreman and trust me greed for profit is bad news for future home owners
@katydid2877
10 ай бұрын
What would “no profit” look like? If I buy my house and want to sell it 15 years later and the market has gone down, I can’t sell it, if the market has increased I will make a profit. How can profit and loss be controlled without government control?@@WholeLottaRandoms
@redtiger7268
10 ай бұрын
@@WholeLottaRandoms Greed and profit are not the same thing. If I build a bird house and it costs me $10 in materials and takes me an hour to build than I sell it for $20 I have $10 profit. Thus valuing my time at $10 an hour. Greed if finding a way to convivence someone to over pay for an item thus more in my pocket or in the example above using cheaper materials but claiming the same quality. Without profit motive NOTHING would be done. Think of it this way, you are selling your time as a foreman for profit. Would you be willing to work 100% for free?
@hersdera
Ай бұрын
For newbies, be aware that this is a grossly oversimplified scenario. For one thing, you can't get a mortgage on an investment property without at least 25% down payment. Two, it's easy to see comps for house purchase prices, but it takes a lot of research to understand the comps on rent prices. The trick is to find a place where renting is more expensive than buying, but those places are less common because of this very type of scenario. Three, you have to remember that rent number he's using is supposed to be net income, not gross. So you have to think about costs for taxes, insurance, maintenance and vacancy when you're researching investments. All that said, real estate investing is a good tool for wealth accumulation. But it isn't foolproof.
@Hectorkante
Ай бұрын
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
@nicolasbenson009
Ай бұрын
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
@SandraDave.
Ай бұрын
Recently, I have been exploring the possibility of consulting with advisors. As a mature individual, I am in need of guidance, but I am curious to know how truly impactful their services can be?
@nicolasbenson009
Ай бұрын
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
@richardhudson1243
Ай бұрын
I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
@HugoBergmann-lu4nd
Ай бұрын
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 .
@StocksWolf752
Ай бұрын
I agree, It's not just the prices, but also the increasing interest rates that are making it more difficult for people to afford homes. With a good FA you can make up your portfolio.
@StacieBMui
Ай бұрын
The enduring US stock market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.
@cowell621
Ай бұрын
How do I reach out to one? my assets have been struggling since 2022 and I’ve been holding on by the skin of my teeth.
@StacieBMui
Ай бұрын
The advisor that guides me is Sonya lee Mitchell, most likely the internet is where to find her basic info, just search her name. She's established.
@crystalcassandra5597
Ай бұрын
Thank you so much! This is exactly what I needed right now. I wrote her an email and am waiting for her reply. Hopefully, she responds soon. I plan to start the year on a strong financial note.
@averagedonnie7858
10 ай бұрын
The thing is ppl need to stop looking at homes as investment properties and more like the thing they are...Homes! If you just purchased with no plans of moving anytime soon you can wait out the market.
@hangguy209
10 ай бұрын
Bingo!
@tripleuno5900
10 ай бұрын
@dotcom721the videos about new homeowners
@0xBULLgogi
10 ай бұрын
Non monetary assets have become a savings vehicle because our society has not had a hard monetary asset to save their money in. All non monetary assets will fall to their marginal value based on utility as we enter hyperbitcoinization.
@snowshoe_leprechaun
10 ай бұрын
Sorry, this logic is flawed. The statement is valid, but look at it from a monthly payment perspective. The typical middle-class individual/family (if that even exists these days) isn't looking to make a killing on their home purchase. They do view it as a HOME. In this instance, why would they buy a home now and pay 3k$+/month? Once the "artificial increase", in Javi's words, finally comes to an end, the same middle-class individual/family now has a monthly cost of say, 2.1k$. At 900$ savings, that same middle-class individual/family can take a luxury getaway weekend every month. I'm just saying...
@getinthespace7715
10 ай бұрын
So buy without paying any attention to value vs price. That's friggin HORRIBLE advice. 😂 We are in the process of moving. I've been watching the market we are moving to for several years. We almost moved a few years ago. I saw prices double, and interest rates skyrocketed. An old run down place that cost $150k when interest rates were 3% ($632/month) was $300k with interest rates over 7%. ($2200/month) Your advice is, who cares, it's a home, just buy it... That is the equivalent of burning $150k in the back yard when you buy it and then lighting an extra $1600 on fire every month for 30 years. Are you a realtor or mortgage broker or something?
@lawerencemiller9720
6 ай бұрын
In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.
@alexyoung3126
6 ай бұрын
Consider buying stocks when the economy is not doing well, like during a recession. It could be a chance to buy them at a lower price and sell later when prices go up. Just keep in mind, this isn't financial advice, but sometimes it's better than keeping a lot of cash.
@bobbymainz1160
6 ай бұрын
Absolutely! With guidance from a seasoned coach, I adjusted my investment strategy. Beginning with $321k, I've successfully grown my portfolio to over $750k through investments in stocks, ETFs, and bonds. Regarding housing prices, I believe they won't see a significant decline until there's an increase in the availability of houses.
@johnlennon232
6 ай бұрын
Fantastic! That sounds wonderful. How can I get in touch with your financial supervisor?
@bobbymainz1160
6 ай бұрын
Natalie Marie Tuttle is among the most accomplished portfolio managers in the industry, widely acknowledged for her outstanding work. I highly recommend taking a closer look at her impressive portfolio.
@johnlennon232
6 ай бұрын
thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
@ChristopherAbelman
4 ай бұрын
This Housing crisis collapse might end up being a part of us for a very long time. With inflation currently at about 9%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.
@PennyBergeron-os4ch
4 ай бұрын
Stocks is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.
@FinnBraylon
4 ай бұрын
I paid up all my debt in 2yrs while working with an asset manager. I’m 50 and my husband 54 we are both retired with over $3 million in net worth and no debts. We got to realize that the secret to financial freedom is making better investments.
@HildaBennet
4 ай бұрын
That is so amazing, I’m trying to get onto the ladder at 40. I wish at 55 I will be testifying to similar success. How can I reach this manager of yours? because I'm seeking for a more effective approach on my savings
@FinnBraylon
4 ай бұрын
Sonya Lee Mitchell is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
@HildaBennet
4 ай бұрын
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
@SimplyMoe08
6 ай бұрын
I’m so grateful I purchased my home in 2014 at 24 years old. My interest rate is 4% and my monthly payment is $1406.00 3 room/ 2.5 bath. Todays rates are INSANE
@dennyfie
5 ай бұрын
Rates are just normalize, we were artificialy low for way too long. A lot of people just think it's normal.
@DeportillegalAliens
4 ай бұрын
It's not just the rates it's the cost of a house worth living as well
@scottarmstrong11
6 ай бұрын
I wonder if people that experienced the 2008 crash had it easier because this market conditions are driving me to insanity, my portfolio has lost over $27000 this month. alone my profits are tanking and I'm don't see my retirement turning out well when I can't even grow my stagnant reserve.
@frankbarnes22
6 ай бұрын
Even in this whirlwind, there are chances to be had, thus an increase in volatility is not always a bad thing. You have an opportunity to rebalance thanks to volatility. In order to help you diversify your portfolio, you must hire a professional
@emiliabucks33
6 ай бұрын
true, A lot of folks downplay the role of a professional until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
@carolpaige2
6 ай бұрын
How can I contact your Asset-coach as my portfolio is dwindling?
@emiliabucks33
6 ай бұрын
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Carol Vivian Constable turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
@carolpaige2
6 ай бұрын
Thank you for the lead. I searched her up, and I have sent her an email via her website. I hope she gets back to me soon.
@micheal_mills
6 ай бұрын
I foresaw the housing crisis and sold my property. I then put it in the market, about $200,000 of it. That was late February. I've lost more than 40% of my portfolio's value. It makes me really sad. How can I turn this situation around?
@robert-1miller
6 ай бұрын
This is really sad. If you're not who understands strategies to invest in the market, why not seek a financial advisor to help you grow your portfolio?
@donna_martins
6 ай бұрын
Having an investment advisor is the best way to go about the stock market right now. I’ve been in touch with an Advsr for a while now mostly and I made over 95% profit within a short time.
@Trevor_Morrow_LTD
6 ай бұрын
That's impressive! I could really use the expertise of your advisor. Could you recommend who you work with, please?
@donna_martins
6 ай бұрын
"Natalie Noel burns " maintains an online presence. Just make a simple search for her name online.
@Trevor_Morrow_LTD
6 ай бұрын
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
@LupeBaptista
10 ай бұрын
People will have to accept the possibility that we won't ever return to 5%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Sure I'm not alone in my chain of thoughts.
@M.Morgan
10 ай бұрын
Inflation is definitely making things worse, back in the early '90s when I purchased my first home in Miami to live, mortgage rates of 8% - 9% and 9% - 10% were typical.
@heatherholdings
10 ай бұрын
@@M.Morgan Home prices will need to fall by at least 40% before the market normalizes. If you are at cross roads to buy a house or not, my honest opinion is to seek guidance from a well-experienced advisor to help diversify your investment portfolio from time to time, that’s how I’ve stayed afloat over 5 years now, amassing nearly $1m in savings so far.
@Johnny-se8hk
10 ай бұрын
@@heatherholdingsincredible outcome! how can I vet this professional guiding you pleas, if you dont mind me asking? definitely would love to end the year well, but also concerned who I let handle growing my finance
@heatherholdings
10 ай бұрын
@Johnny-se8hk > My investment advisor is Julie Anne Hippe, she's verifiable and I'm very sure you can find info about her on the internet, her qualifications speak for itself.
@Johnny-se8hk
10 ай бұрын
@@heatherholdings Thanks for this. could easily spot her website just after inputting her full name on my browser. She seems really proficient and flexible. she replied my inquiry and we scheduled for a call sometime tomorrow.
@KristinPMosher
10 ай бұрын
In the early 1990s, when I bought my first home in Miami to live in, mortgage rates were quite high, ranging from 8% to 10%. It's likely that we may never return to the 3% rates we've seen. If sellers need to sell, it might result in lower home prices and reduced valuations. I'm sure many share similar concerns.
@JulietKellyy
10 ай бұрын
It's likely to worsen. Affordable housing will become even less accessible. I advise taking action promptly because today's prices will seem like bargains in the future. Until the Fed takes more stringent measures, inflation may lead to widespread hysteria. You can't partially remove the band-aid.
@ThomasChai05
10 ай бұрын
Home prices will drop in due course. For now, consider moving your funds out of the housing market and into financial markets or gold. With soaring mortgage rates, a recession, and stricter mortgage guidelines, prices need to fall significantly, likely by 40% or more, to stabilize the market. If you're unsure about your next steps, seek advice from an independent advisor experienced in financial markets.
@mikegarvey17
10 ай бұрын
@@ThomasChai05 Please tell me how can I connect to your advisor
@ThomasChai05
10 ай бұрын
Sure, My Fin advisor that guides me is “Camille Alicia Garcia” and she's renowned and has quite a following. So it shouldn't be a hassle finding her. Just look her up.
@Grace.milburn
10 ай бұрын
I just searched for her online, and I'm genuinely impressed with her qualifications. I've already contacted her
@PatrickLloyd-
10 ай бұрын
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 .
@jessy830
10 ай бұрын
I agree, It's not just the prices, but also the increasing interest rates that are making it more difficult for people to afford homes. With a good FA you can make up your portfolio.
@hankmarks69
10 ай бұрын
The housing market has always had its ups and downs, but it's true that this time feels different. Having a portfolio manager will save you a lot in the market , My portfolio currently has 200% increase last couple of months with the help of my advisor.
@PhilipDunk
10 ай бұрын
Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I’m in dire need for one.
@hankmarks69
10 ай бұрын
There are many financial coaches who excel in their profession, but for the time being, I employ “Vivian Carol Gioia” because I adore her methods. You can make research and find out more.
@PhilipDunk
10 ай бұрын
I set up a call with her and am really grateful that I did. I copied and entered her name into my browser and it came up in the top search results. I've seen comments about advisers but not one who looks this amazing.
@brnjones9
10 ай бұрын
NO LIES TOLD 🙌🏾 I got in just under 3% before everything really blew up. I will sell everything I own before I think about moving to keep this house. Thankfully that % made it affordable for a very long time. I can't imagine it being nearly triple what I pay now 😬 Shout to Javier, he helped me find my Reaktor 👍
@brnjones9
10 ай бұрын
And listen to him guys. Don't buy over 30% of your income. Cause when those taxes change, you want to be able go with that flow.
@smittdog1965
10 ай бұрын
I get my home at 3% also back in 2016…and will not leave until all this craziness is over…
@mikemorgan8646
10 ай бұрын
What's your equity position? Did you overpay? Or does nobody wanna touch that with a 10 ft pole? Because that's the feeling In gettin' here.
@brnjones9
10 ай бұрын
@mikemorgan8646 I paid $2k over. Value went up a little. Also I am in it for the long haul not to flip. If you think the value of your home will stay the same, you're mistaken. It ebbs and flows as the market does. But I stayed away from high tax areas and overly priced stuff. You must take all this into consideration when looking at buying. Nothing stays exactly the same. It was worth it to me.
@Theresaa12
7 ай бұрын
In the current economic climate, a home is not the best investment. I've already sold my Boca Grande area home, but I want to invest roughly $200 in stocks since I've heard that even in challenging times, investors may turn a profit. Any excellent ideas for stocks?
@BenTodd-fl8nv
7 ай бұрын
The truth is that if you make the right picks, you could make killer riches very quickly, although such profit usually needs expertise, as in hedge funds or financial managers. I personally prefer the latter.
@RickWatson-xu6gw
7 ай бұрын
To be safe and not second guess your market decisions, I’d suggest you reach out to a proper investment adviser for guidance, they understand better market patterns and adjusting portfolio to match up with these market trends.
@Debbie.Burton
7 ай бұрын
You seem to have the Market figured out. Who is the advisor you could recommend and trust
@RickWatson-xu6gw
7 ай бұрын
*Kaitlin Rose Sternberg* does a good job. She is quite the genius in portfolio diversification. You can look her up on the web as she is SEC regulated.
@RickWatson-xu6gw
7 ай бұрын
I'm hesitant to make recommendations like this online so I can't drop her contact here, but you could look her up yourself and contact her if you wish. Her name is *Kaitlin Rose Sternberg*
@DavidCovington-st2id
6 ай бұрын
In the current economic climate, a home is not the best investment. I've already sold my Boca Grande area home, but I want to invest roughly $200,000 in stocks since I've heard that even in challenging times, investors may turn a profit. Any excellent ideas for stocks?
@mikey43221
6 ай бұрын
The truth is that if you make the right picks, you could make killer riches very quickly, although such profit usually needs expertise, as in hedge funds or financial managers. I personally prefer the latter.
@SteveDutton-v
6 ай бұрын
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
@SteveDutton-v
6 ай бұрын
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
@thecedars0612
10 ай бұрын
I think the problem stems from getting approved for a mortgage based on your gross income rather than your net income. Because my gross income is about $8100/month but after taxes, insurance and retirement contributions I’m left with ~ $5k which is a considerable difference
@Addis-ig2in
8 ай бұрын
😂😂😂😂 seriously lenders has been approved like 2006,2007 in 2021, 2022 2023.. how investigate. If the lender stick with the mortgage rules. This mess not going to happen.
@megafan0258
10 ай бұрын
Renting is more or equal to a mortgage in my area of Ohio. I bought a $135,000 house on a $55,000 a year income, my payments are $1200. We also have a 2.5 month old. Wish me luck!
@edwardrhoads7283
10 ай бұрын
That is the good thing about Ohio. Very affordable houses. I hope you went with the 15 year. It looks like you did. Once you get that paid off even with a 55k income you will kill it net worth wise.
@KatSolovei
10 ай бұрын
May I ask where in Ohio? What about schools and hospitals nearby? Do you have any access to parks or other little enjoyable things to do? I`m in NC, near Raleigh. And the prices here are ridiculous.
@edwardrhoads7283
10 ай бұрын
@@KatSolovei Most of the midwest the prices are pretty low. Here in Indiana there used to be a lot of areas you could buy a house for $50 per sq foot. Now that is up to the $100-125 range for most areas and the highest is about $200 per square foot. Still pretty affordable. I think Ohio is a little behind Indiana price wise though. Most of the state of Ohio will be in the $75-125 per square foot range.
@megafan0258
10 ай бұрын
@edwardrhoads7283 I wish that were the figures for a 15 year, I had to go with FHA 30 year @ 7.625% but if I can swing the extra $160 a month I could potentially pay it off in 15 years.
@megafan0258
10 ай бұрын
@Catsolovei Montgomery County in a rural village with approximately 3500 residents. We are within 30 minutes of most big box stores and other accommodations. There isn't much to do here, but I'm a home body anyway and have many many projects.
@captainviper3888
10 ай бұрын
Buy a house to live within reasonable financial responsibility so that when the market crashes you can buy another one.
@mr.lockwood1424
10 ай бұрын
Let the f***ing house market drop. The prices are insane. Something must be done about it.
@vcolozzi
10 ай бұрын
Our area is still pretty hot right now. My neighbors’ home was under contract in one week. We live in a desirable suburb and a lot of people are still trying to move here. We fought so hard to get our home in 2021 and I’m so thankful we got it when we did because that 2.7% interest rate is amazing. So far, although we overpaid by 50k, our home is still worth more than what we paid for it years ago. We are here for the long haul!
@last9up
10 ай бұрын
Thank you for this. I've been thinking of buying above the 30% income rule and kept thinking it was a bad idea. This really helped. Going to keep saving money and getting ready. It's not a race.
@kilnntime2953
10 ай бұрын
Always you have to look at the market, I believe soon it will be dropping again like a rock, too many people over paid in bidding wars to buy houses and now adding to that the interest rates, won't be long and we will be looking at thousands of forclosures hitting the court house steps again. Interest rates in the 70's and 80's were as high as 14% , so at 7 or 8 % is not as bad as it can get. I bought my first house in the 80's at 14% , yes it sucked , but eventually the rates went down to this horrible 8% and we refinanced , next house we bought was at 7% then we refinanced it at 5% . The home we have now was 6% and we refinanced it down to 3% and kept making the same payments and it is now paid off. Hang in there, better days will come back, if you own stay pat, if you don't bank as much as possible or look for that bargain in the rough and make it beautiful.
@hwoodist
10 ай бұрын
Living below my means allowed me to buy my current home during the last downturn while keeping my first home and rent it out. Downturns can offer opportunities.
@quixomega
10 ай бұрын
As long as you can retain your job.
@VelmaTheID
10 ай бұрын
A brick, mortar, stick house is just that…a HOUSE…I get sick of hearing them referred to as “homes.” One’s home is where loved ones are regardless of whether it’s a house, an apartment, a hotel, or a room in a boarding house…a structure is just a thing that will eventually crumble that temporarily may be a place where one can make a home.
@colettespencer3357
10 ай бұрын
Exactly. Love makes a house a home.
@melowely
10 ай бұрын
We bought spring 2022 with a 5% rate (it had just started going up). Flash forward to today, a house on our street just went up for sale, same floor plan listed at $75k less than what we paid. Albeit with a higher rate, so a higher monthly payment nonetheless. That to say…yeah it always feels a little oof to see them coming down. 😬 But we’re here for a long haul & we knew it going in. It would have been nice to have those historic low rates, but I’m glad we have a rate we can live with.
@melowely
10 ай бұрын
Also for more context, we absolutely needed to move. It was the right time in our lives to buy, so it is what it is. Timing could have been better, but it could have been worse.
@kilnntime2953
10 ай бұрын
Don't fear, you house value is only on paper and it will go back up, We watched our house lose 200k in value the last crash, but we had to live someplace and we could make these payments, Forward 15 yrs this house and while its is not at its peak value, it is still worth according to the websites 3-4x what we paid in 2004 well before the crash and now well past it. Land will never go to zero and you house may go down on paper but a year or two later recover it all and add to the value. In 2017 we bought a beach house , I have always watched to see what the homes around us were selling for at the beach, well homes less that half the size of our are selling for double what we paid, ones the same size are selling for 4x what we paid. So we have no worries about value since we have no plans to sell and our interest rate is under 3%.
@nilaras
10 ай бұрын
Which city is this?
@kilnntime2953
10 ай бұрын
@@nilaras Surf City NC
@edwardrhoads7283
10 ай бұрын
Crazy to see that even though you paid 75k more you will ultimately pay less overall money on your house than what is paid on the other house.
@ryanwilliams989
10 ай бұрын
I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.
@maggysterling33254
10 ай бұрын
Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
@maryHenokNft
10 ай бұрын
The enduring US stock market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.
@BiancaSherly-qt6sb
10 ай бұрын
@@maryHenokNft My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor.
@maryHenokNft
10 ай бұрын
Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. *Mary Onita Wier* is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.
@TheresaAnderson-kf5xw
10 ай бұрын
Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call. Her expertise is impressive, and I'm eagerly anticipating our conversation.
@edwardrhoads7283
10 ай бұрын
I am someone who bought their first home in 2007 just after the peak but before the crash. I bought the house for 71k. A few years later when I went to refi the loan my house got appraised at 45k (I owed 52k). As bad of a decision as that would seem that house is now worth somewhere in the 160-200k range. So...
@quixomega
10 ай бұрын
Yes, it would be. 2007 wasn't the bottom, but it's come up a lot since then.
@edwardrhoads7283
10 ай бұрын
@@quixomega My point is even if you buy the house and the price crashes it will come back. Might take a decade but it will come back eventually.
Same - except I bought in early 2006 & I owed 3X appraisal when market bottomed out 🤷🏾♀️🤦🏾♀️ However, I could still easily afford it, so I stayed. Eventually became an accidental landlord (moved out when I was still underwater) Rented it out bc… what else to do?!? Now… not only is the value doing well compared to what I owe - I’m also cash flowing a nice amount. Buying what you can afford - regardless of market fluctuations - is key.
@TzUuup
10 ай бұрын
@@edwardrhoads7283exactly. Sick of these youtubers calling for doomsday. Most people buy homes and see them as homes 1st investment 2nd. Just sold my first home to purchase my 2nd. Got bent over with the interest rate but i am very happy with the neigh orhood, school and work commute. It was worth taking on those few points and i dont plan on moving ever
@Sleepy731
10 ай бұрын
They been predicting a market crash “next year” for the past 10 years 😂 😅
@michaelsutherland8899
10 ай бұрын
My wife and I are one of those people to have bought in the last year. Our rental situation wasn't great and we wanted to be in a home. I believe that we can make it work even if the market crashes but it many ways it can feel like another set back to things like starting a family
@BigDeejaypro
10 ай бұрын
If you have no plans on selling you’re not affected by a market crash
@tjayer011
10 ай бұрын
It will come back up.
@LordRobbert
10 ай бұрын
Rule of thumb, when everyone is screaming one thing the opposite happens, the housing market will only crash if people are desperate to sell, the economy being bad doesn't warrant a housing market crash. People buying houses now are over qualified and financially stable, being those are the only ones that can get approved. I just don't see a crash anytime soon, you'll need some unforeseen event as a catalyst IMO. Those waiting for a crash will likely be left behind.
@Dbb27
10 ай бұрын
You’re just fine. We are still 4 million housing units short in the U.S. And have the largest pool of 25-35 year old buyers since WWII. I did a market analysis in 2019 and prices from 2003 were exactly where they should have been if the 2008 crash never happened. The pandemic made things a little crazy along with the prior administration pushing rates down to a ridiculous level which really heated up the housing market. The supply chain shortages also increased prices. Things are calm now. Normal ratio of sellers selling to buyers is a six month supply of homes. My area and most of the country is around three months. Doesn’t sound like you are selling tomorrow. You are nervous over a market you aren’t participating in. Make sure you are debt free, save up six months of an emergency fund, have a goal to pay off your house early and don’t use your house like it’s an ATM. My house in 2001 I bought for $149k. In 2005 it was worth $400k and by 2008 it was worth $250k, now, $580k. You’re fine, live your life, stop worrying and have those babies! 🥰 Have those babies and enjoy your life.
@TzUuup
10 ай бұрын
If its your dream home dont even worry about it. As long as youre ok with the mortgage, youre fine
@gubzs
10 ай бұрын
I got downvoted into oblivion on reddit last week for saying "buying a home in 2023 will be the mistake of a lifetime for many" That's it. That's all I said.
@comment_deleted
10 ай бұрын
because you are wrong. 50,000,000 people are waiting for a housing crash, as are every bank and individual investor looking for a deal on income property. Houses are still being bought over ask. there are too many people chasing too few homes. the inventory isn't there. keep waiting. you'll be waiting forever. Notice how his chart goes up and to the right? thats the steady increase of home prices. the longer you wait, the higher it climbs up and to the right.
@jefff6884
10 ай бұрын
@@comment_deleted You missed a keyword in @gubzs comment. They said "many" not "ALL". Both of you are technically correct.
@comment_deleted
10 ай бұрын
@@jefff6884 I didn't miss it. It wont be a mistake for many. There isn't going to be a crash. maybe a slight correction but I wouldn't hold my breath. Lending guidelines are too strict for anyone to have a life time fuckup by buying a house.
@candelariaw1668
10 ай бұрын
What a crock of BS
@comment_deleted
10 ай бұрын
@@candelariaw1668 keep waiting. see how that works out for you.
@binaryflat
10 ай бұрын
For. a couple of years I have been looking for a house, and every time I found one, it already had a contract. Some had contract as soon as they came on the market. Now I am seeing signs, and prices being dropped. This happened FAST. I sat down and did the math using 7% interest, and I refuse to pay that. I put a 180k home in a calculator, and over 360 months, it would cost ~600k. That is insane!
@Dbb27
10 ай бұрын
Renting wouldn’t be much different and at the end what would you have? You can pay off the principal early and that decreases the amount of interest you pay.
@abnerb88
10 ай бұрын
I am not sure how you get this numbers. Be sure when calculating 7% is a yearly not monthly also mortgage is calculating using banking percentage. When you pay out the mortgage the bank getting less and less. So with your numbers. Total cost will be $431,000 interest paid in 30 years $251,000
@binaryflat
10 ай бұрын
Good point. I used an online mortgage calculator, and "assumed" it was correct. Even your number is unacceptable to me. Cash is king!@@abnerb88
@jjjonis245
4 ай бұрын
Yeah, bean counting will make you crazy.
@binaryflat
4 ай бұрын
@@Dbb27 That's right... I did that with a piece of land. The bank sent me a statement, or whatever it is called showing my principal and interest. That made me ay off my 15 year mortgage in 2 years. I will do the same with a home as soon as I find one I like . Usury should be a crime!
@jeffbarnes4903
8 ай бұрын
*You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months sometimes lesser and now they are multi millionaires.* *I pray that anyone who reads this will be successful in life* ✊🏻❤️
@jeffbarnes4903
8 ай бұрын
Only God knows how much grateful i am. After so much struggles I now own a new house and my family is happy once again everything is finally falling into place! I can't thank you enough Mrs Angela Mae McClain!
@Sanchez00079
8 ай бұрын
I think l've come across a broker that goes by Angela McClain but I didn't think she'd be that good that someone would testify of her work on KZitem.
@melissastone434
8 ай бұрын
I just messaged her and she replied, thanks❤️
@Joancats
8 ай бұрын
This is the kind of information that we don't get from most KZitemrs I will get in touch with her right now
@jessicaperry2175
8 ай бұрын
I see this as a second chance in life to be successful. God bless y’all🙇🏻♀️😘
@ryanbell773
10 ай бұрын
I also think it’s the “starter home” mentality. Buy a forever home and invest in making it your future. I plan to leave my house in a casket.
@JavyVidana
10 ай бұрын
That’s an amazing point. Now that I think about a “starter home” is an idea created by people who want you to be buying a new home every 3 years.
@charliejohnson2441
10 ай бұрын
Facts and situations are laid out perfectly. I love that you did the time travel to really show how it's gonna look like in the future. This is so helpful for our future decisions javi. This is my favorite video so far. Cool editing and infos are very essential.
@robertgallagher7734
10 ай бұрын
Doesn't matter if you rent or own, you still have to pay for a place to live. Unless you move around alot, buying a home is a better (long term) investment. Have seen the real estate market crash twice. Eventually it builds back up.
@Dbb27
10 ай бұрын
Four times for me, lol. It cycles but historically has increased 4-7% per year as a national trend. Obviously, every community is a micro market.
@grzeniak
10 ай бұрын
Exactly! Even if you overpay in short term look at the tend over 30 year time horizon.Please show me a house that cost less now than 30 years ago?? 7-8 percent mortgage is NORMAL
@Any_Halfs
10 ай бұрын
I’m glad I found this channel, a realtor told me and my wife just refinance if a house is 300k then drop to 250k but my hard head always telling the realtor and my wife I’m not gonna pay 300k for a house that was valued at 120k 3 years ago
@IanTula
4 ай бұрын
Exactly...the whole thing is total BS!
@renelopez2244
10 ай бұрын
Corporate Investors should not be in Single family home residents.
@LuchadorEMC
10 ай бұрын
This happened to my cousin. He bought after the 2008 crash. He bought his home on what he thought was the bottom. 2 months later, his home lost $70K in value and he was pissed. Talk about catching the falling knife.
@keithburton4679
10 ай бұрын
2008 has nothing to do with the current situation in the market. if you like I can explain.
@MichaelGriffey6969
10 ай бұрын
People who are pissed their property value dropped piss me off. Why the fuck are you pissed off? You got a house while the rest of us are stuck renting lol. I know when I buy a house I'm going to live in it until I die so fuck the "value" as long as I love my house.
@miltam2183
10 ай бұрын
@@MichaelGriffey6969well said
@Gravesyte
10 ай бұрын
@@MichaelGriffey6969^This I'm tired of renting I'd like something to call my own someday to pass onto my sons,even though you'll still be paying property taxes after it's paid off, my only regret is I didn't buy around 2020-2021 before the increase
@katydid2877
10 ай бұрын
I bought in 2003. Yes, it was a roller coaster. Did I care? Eventually, no, cause I wasn’t moving so who cares? I didn’t sell until 2021. Yes, I did make a couple bucks by then.
@TheSRMproject
10 ай бұрын
I couldn’t even imagine what it would be like to have more than 20% of my house hold TAKE HOME pay going to a mortgage. With how expensive everything else is I really don’t see how people are surviving.
@WordMadeFlesh777
10 ай бұрын
I know. The vast majority of people are up to 40% +! Brutal.
@thesavvyhuman619
10 ай бұрын
People are literally paying over 35% take home monthly just to own a home
@Kamone111
10 ай бұрын
Well rent is just as high
@quixomega
10 ай бұрын
I'm not sure where you live where you can manage such a cheap mortgage, but around here you'd need to make more than $200k a year to get in that range living in a 1 bedroom condo.
@TheSRMproject
10 ай бұрын
@@quixomegacentral California. Luckily bought my house in 2015. My wife and I make a bit over 200k a year which is high for our area. $1900 mortgage @2.6% on a 30yr
@PurpleReign28
9 ай бұрын
The part nobody talks about is what do people do when they cant afford to buy a home right now? Javier says to rent in the meantime, but rent for a 2 bed 1 bath APARTMENT is now pushing upwards of $2,500/month! How is anyone supposed to be able afford that rent, all whilst supporting a family, AND save for when rates go back down again? Only way is to boost monthly income somehow. Trick is figuring out the HOW in that equation.....
@Anonymous-o6t6p
9 ай бұрын
As someone who is on the verge of moving out of my parents house for the first time this is exciting for me, thank you for this great news i’m excited to watch the prices drop and I’m hoping i can strike at the right time when the prices are at their lowest
@jacqueslee2592
8 ай бұрын
How old are you? How long did it take you to move out? Do you live in an expensive area?
@legacymedia8468
8 ай бұрын
I've been keeping a careful eye on the housing market, and prices have been rising dramatically for years. First-time buyers will find it difficult to break into the market. "How can one diversify $280k reserve?
@RusuSilva
8 ай бұрын
I agree, It's not just the prices, but also the increasing interest rates that are making it more difficult for people to afford homes. With a good FA you can make up your portfOlio.
@RichardMoore-jg5tl
8 ай бұрын
The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, invt-advisOrs are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfOlio has yielded nearly 300%, summing up to 7-figure as of this month. I am going to sit back and observe how this all plays out because i have my advisOr who chooses entry and exit orders.
@ericmendels
8 ай бұрын
in times like these, it's crucial to be cautious and not rush into the market , Who is this your FA , my portfOlio needs urgent attention , been a lot of loss.
@RichardMoore-jg5tl
8 ай бұрын
Christine Ann Podgorny is the licensed advisOr I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@ericmendels
8 ай бұрын
I looked up her full name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip.
@unknowncsd
10 ай бұрын
It only matters if you plan to sell, have a variable rate or plan/have taken a loan on the equity
@elizabethblane201
10 ай бұрын
. . . or lose your job or get relocated or divorced or a spouse dies. All these happen too.
@rogermendez0345
10 ай бұрын
Wake up call for us homebuyers that houses are not solid investments anymore. It's dangerous and very risky. One of the best videos you have 👌
@katherinerobinson6644
6 ай бұрын
As someone who has been sitting on the sidelines for three years (I graduated college at the WORST time)... This seems like such a fantasy scenario. I can't even imagine home prices going down. I'm just so used to the market being completely toxic.
@tylersanders2388
10 ай бұрын
The reality is that if you are broke because of a housing market crash, you couldn’t afford the house anyways. Houses are a 5+ year investment. The people who should be worried are people who got houses they couldn’t afford with no money down and people who were planning to sell soon.
@TopVillain
10 ай бұрын
We have to stop using the term investment and home in the same sentence. Home are not investment they’re liability assets. And they are only assets if you pay cash if you get a mortgage then they’re liabilities. Homes are a place to live and stay warm that’s all unless you are an investor. Don’t mix the to
@tylersanders2388
10 ай бұрын
@@TopVillain that’s a terrible take. Homes are the best investment the average middle class person makes in their lives. They have a return rate on the entire property value and stabilize your living costs throughout your life.
@TopVillain
10 ай бұрын
@@tylersanders2388 I want you to look up the definition of investment and get back to me. If you take out a 30 year mortgage you pay more in interest than the house cost that’s not a good investment but homes shouldn’t be seen as investment
@tylersanders2388
10 ай бұрын
@@TopVillain “the action or process of investing money for profit or material result.” You invest money into a house. The material result is the home and the profit is 6% of the home value annually. You have some mistaken understanding of what investment means. Every single financial professional universal agrees that homes are an investment (not always a good investment in every circumstance, but they will all agree that it is an investment)
@TopVillain
10 ай бұрын
@@tylersanders2388 homes do historically go up in value but when you take a mortgage you are losing. That home will need a roof 50k new bathrooms kitchen and repairs property tax and insurance over 30 years time add all that add and it will be more than double what you bought the home for. And you only make a return if you sell it then where you going to live? So don’t think of a home as a investment think of it as a home
@blujeans9462
10 ай бұрын
Not sure why so many folks are freaking out about the interest rates. Until the mid 2000's, 7% was considered a good rate for decades. My father said that is what they paid back in the 40s. I know it's what I paid in the 80's and beyond - and our income was miniscule compared to what is average today. Yes, in some areas (good school districts, etc) the housing prices have skyrocketed, but I just tried to sell a home for what I paid for it in 2005: no interest (even though I put 10s of thousands in improvements and upgrades into it).
@WordMadeFlesh777
10 ай бұрын
It’s not the rate it’s the price AND the rate. The prices of homes got driven up because of the low rates for so long. People were qualifying for huge amounts because of the low rates so it drove up home prices. Now you have around the same prices as when rates were 3.5% but with 8%. So that 1600$ mortgage for that 350k house just turned into 2400$…that’s a big difference. That’s why people are talking about rates…
@GeekyBoutiquey
10 ай бұрын
Don't forget...your payments are ALSO money you're not giving to a landlord. That money is paying for you to have a property, builds your credit line, and allows you more leverage when trying to do things with your credit. Yes, understanding the added principal payments sometimes working against you if interest rates are high, but also...you're not at the whim of the homeowner who can sell it out from under you (and it has happened to my parents in the last 2 houses they lived in and probably will eventually happen in their current house). And if wages start climbing with this push in labor power with unions waking up and gaining more support, you're going to be fine. But our government really needs to get a hold of the inflation and thirst of corporations who believe quarterly profit increases should be infinite growth with lower and lower tax overhead. If it continues like this then we, the working people, will all be underwater.
@noogman
10 ай бұрын
I can't help but think the real estate corporation had something to do with the giant increase in home sale. Even if you stay in your home you should know that home insurance is skyrocketing, HOA fees are going through the roof. Schools and municipalities are pushing for more and more property taxes just to dress up our town with fancy brick half walls and lights. My school district just asked for an additional $100,000,000 annually in additional taxes to fancy up our school campuses. The graduation rate is less than 50%. There is no winning for taxpayers unless we fire all of the money political money hogs at the federal, state, county and city level. and stop supporting people that refuse to work and pay their share of taxes. Yes I am talking to everyone that thinks the government should support, feed and provide them with shelter. That is something your family should do, not tax payers. Everyone needs some help now and then from family but these Politicians, freeloaders and drug addicts have got to go.
@andyfumo8931
10 ай бұрын
Preach!!
@keithburton4679
10 ай бұрын
That is why I bring my clients to New Builds. I have sold 3 homes this past week at 4.5% and 5% 30 year fixed rate.
@D00mzZ
10 ай бұрын
What state
@keithburton4679
10 ай бұрын
@@D00mzZ Arizona
@mph5896
10 ай бұрын
At that rate, is that a buy down on interest for a few years, or over the entire 30 year loan?
@keithburton4679
10 ай бұрын
No, this is a 30 year fixed loan. A lot of people do not understand that the Builders using the profits in order to buy down the interest rate permanently. There are some builders that are doing 2/1 buy downs and 3/1 buy downs.
@keithburton4679
10 ай бұрын
I used to work for a top 100 Builder doing operations, sales management, and Land development. A lot of people do not know that each home has what is called a sworn, construction statement. That is a breakdown of all the fees, lumber, concrete, cabinets, electrical and heating to name a few. Plus, they include up to 7% in commission. Some Builders are paying their agents less than 1% commission to sell the home. And paying realtors a 2% commission. That leaves the builder with an additional 4% profit. Then take that money and put it into a pool of funds in order to buy down the rates.
@rathelmmc3194
10 ай бұрын
You're absolutely correct. The bank will work with you instead of foreclosing... that is as long as there's liquidity in the banking system. Banks balance sheets are not looking good with the fed fund rate at 5%. A lot of regional banks are just like SVB with treasury bills being their tier 1 asset of choice. Well treasury bills bought 1 year ago are more or less worthless. There's also the CMBS issue in the pipeline right now. Commercial doesn't have 30 year fixed rate mortgages. We're starting to see lending standards tighten up. If the fed continues to QT don't expect to be bailed out in any housing downturn. Interesting times in the financial markets, again. EDIT: I want to add something else too. Something to remember about the 08 crash is the US Government and the Federal Reserve dumped something like 10s of trillions of dollars into saving the banking sector and housing still collapsed like it did. We can have the same housing collapse if the government doesn't try to save banking and housing again. So the effect on the US citizen can be equally as bad if the government sits this one out.
@robert5507
10 ай бұрын
My mortgage is 58% of my net income but im on a 15 year. Im managing just fine but obviously if I were to lose my job I’d be screwed. This assumes the absolute worst that one loses their job
@born2win262
10 ай бұрын
Bro how are you surviving
@karissakline6765
9 ай бұрын
@@born2win262 That, and who keeps a job in the same area more than 5 years nowadays unless you’re wfh…bro is risking it all, but we will be waiting when it falls out!
@gabevive71
7 ай бұрын
Idk I don't see it getting bad because the inventory isn't keeping up, and so many buyers are sitting and waiting for the interest rates to drop. The buyers are ready, so the competition "IF" it drops will be absolutely brutal, unless another's great depression happens. I don't see any crash, but that's my guess. I can't wait to see what happens
@joseCalderon1976
10 ай бұрын
There's no way I would get into a mortgage that is more than my 25% take home pay. Let alone 50%? That would make you house poor. Furthermore, it always costs a lot more than you think to maintain a home. Even a new one. It's a recipe for disaster. Thanks for the video.
@Thisismeofcourse
10 ай бұрын
right!! why do people say that 40% is fine these days?
@BigFanCooks
10 ай бұрын
@@Thisismeofcoursethey know nothing 😂
@geronimo3752
3 ай бұрын
In utah, the number one state people are moving to, a 1500 sq ft home, is selling between 450k to 575k A 2200 + sq ft home 600k to 800k I personally don't think the market will crash in Utah for several reasons. Its for all the reasons everyone wants to move there: - Its safe -The economy is booming -Its conservative -It's a beautiful state -The people are religious and friendly -Lots to do -as a general rule, young people there are full of hope and energy and ambitious . They get married young, have children right away, and family is the most important aspect of utah living. Are there downsides? Of course, there are, but they are out weighed by the good. Utah will not feel the crash like everyone else. Mark my word. Its too desirable. It has been for a couple of decades now
@kimville
10 ай бұрын
FACTS. FACTS. FACTS. House market is very complicated rn honestly. It's becoming everybody's nightmare. Thank yuo for this video, Javier. We need these kinds of info in the market. Very helpful !
@DudePlays
10 ай бұрын
Demand is not going to stop anytime soon. As soon as the rate goes down there’s going to Be tons of people who have been waiting on the sidelines bidding up houses again. I’m one of them.
@stevem437
10 ай бұрын
You make a few points that make absolutely no sense: There are millions of people waiting to buy homes right now. If rates drop, home prices are going to skyrocket. Why would demand go down and supply increase if rates decreased? Why would people be motivated to sell their homes when rates drop? Especially if you’re seeing homes around you sell for less? Why immediately just take that loss? You say “how a price is determined is, quite frankly, what it sells for…” THEN 2 and half minutes later you’re talking about “well I’ve determined with data what prices SHOULD be.” No. You didn’t. The market sets the price. There isn’t a “should be” when it comes to price. There is only “what it is.” You make the point that people may be spending 45% of their income on their mortgage… THEN make this ridiculous, sweeping generalization “people that bought in the last 2-3 years are holding onto their house for dear life. And the best part about it is that they can afford the house. The house has a 2-4% interest rate bought within a reasonable price range…” How do you know whether someone “bought within a reasonable price range”? This would 100% depend on the individual or family who has bought. Something that is in a “reasonable price range” for one person may be really stretching for someone else. So many issues with this video.
@edjohn5114
10 ай бұрын
I CANT WAIT UNTIL THE MARKET SETTLES. I just got a nice new job and I’m making way more than I’ve ever made. Now I can just wait for the market to regulate in a couple of years and I’ll get a deal on a house.
@LuisGonzalez-ui7ow
10 ай бұрын
Oh, I love it! Great video! It’s like you’re in my brain, and you knew exactly what I was thinking. Then made a video about it. Thank you for being who you are and thank you for your contact. It was incredibly helpful before during and after purchasing my home.
@elkuartostudio
10 ай бұрын
I just received a letter from my lender that they are going to reduce my monthly payment to $812😊
@zenlife321
10 ай бұрын
I think you’re forgetting that foreclosures will happen because of student loans not being forgiven and coming due. Some people have mortgage payments for student loan payments. They haven’t had those for years and didn’t save that money, they spent it on things to impress people they don’t like or know on Instagram instead. God help us all.
@bernitup6492
10 ай бұрын
You need to review the process of loans, the student loans are taken into account during the process of underwriting of a home loan. I have a family member who did not get approved cause the responsible loan officer counted the loans in the approval process. This was during the pause, when asked why it was counted in the approval, he simply replied that there is no guarantee that they will be forgiven and it would be unethical to put people through that when they indeed start right up... guess he knew more than most. Pretty sure it was the norm across the business.
@dariodjakovic1600
10 ай бұрын
My friend wife has $1700 a month student loan for 8 years but if they do taxes married but separately it goes down to $350 for 8 years and its wiped out. There is always a way to lower payment.
@xxtoptankxx6873
10 ай бұрын
@@bernitup6492that is true. But what it doesn’t catch is what the person decides to take a loan out or spend excessive after the house mortgage is started. The person with the student loan could’ve gotten a car loan, or loans for personal reasons that’s eaten up the left over money they were supposed to have according to the mortgage loan application.
@keithburton4679
10 ай бұрын
In Arizona we only have 9,155 single family homes available in Phoenix Valley. Normal inventories are 15,000. also, with the election year rates are coming down. I have been doing this for over 22 years and it happens EVERY election cycle.
@mixnmichael1
10 ай бұрын
I live in Gilbert and I am seeing more houses for sale but, still not alot of inventory. Definitely below normal.
@josecuervo3351
10 ай бұрын
This is the most honest video I have seen on the topic. No BS just straight talk.
@PatamaGomutbutra
10 ай бұрын
House peice today is a kind of manipulated stock. It is overvalue from big investers push it. The big investers can big short any time and make the overprice crack down.
@keithburton4679
10 ай бұрын
Javier you do an excellent job. You are missing a few things. 42% of the people in Arizona own their home FREE AND CLEAR. 91% of the current homeowners have a mortgage, less than 5% of those people and 38% of those have mortgage rates below 4%. There are not a lot of people selling that just want to sell. The ones that are selling are the ones having to relocate or move for different reasons. Just in Maricopa County there are 1.9 million Renters alone. Of that figure 873,000 all have credit scores above 640. Those buyers that are now buying new construction at lower rates. The market is slow but in Arizona we still have 200+ people a day coming here to live (Crazy).
@keithburton4679
10 ай бұрын
@@Javier_Vidana.. I did text you sir I hope you have a phenomenal day.
@heneryjsbrcr
10 ай бұрын
people be saying this is click bait!? come on , watch the whole damn video and you'll realize it makes so much sense. nice video javier. probably the most informative and intriguing video you have.
@HamRadioLiveShow
7 ай бұрын
SUBSCRIBED! Agree. As a retired Top Producer in real estate… I can say the market can only go up at higher thar 4-5% annual appreciation for so long. The problem, is the market has been appreciating at in some market double digits annually. This can only last “so long.” Eventually the market crashes and the market then “corrects itself.” 2008 crashed because of HORRIBLE lender practices. This crash will happen because of l unsustainable appreciation over the last 5 years. High inventory, less pendings equals bigger price discounts from sellers. If you’re looking to sell your home and buy another, remember that prices are relevant. If you sell your house for less than you thought, you’re going to be buying your next house for less as well. This is happening already in formerly hot markets like Florida, Texas, the West Coast & even Hawaii. Best bet? To HOLD on buying a home until at least 2025.
@labitcoineragt3596
10 ай бұрын
I bought my home as a hot sale in 2012. We got it at bottom of bear market. Most people in my neighborhood who bought 2006-2008 didn’t make it, only my neighbor who hodled that home for years until she was out of break even. Everyone else drowned
@Gemma_626
5 ай бұрын
Wow dude, your explanations are not linear. All over the place
@TheSintec
10 ай бұрын
I literally almost purchased that house in your video thumbnail haha! It's located in Hastings Farms. Great work as always!
@StreetGrandTour
9 ай бұрын
Youre missing a huge point here. Home prices arent going down because of the market. They are going down because of the interest rates and affordability. Here in Texas we have an extremely healthy market because demand is much higher than supply. Most of the folks that so-called overpaid for these homes were sitting ona pile of equity from their prevous homes or purchased when the interest rates were super low which made affordability much more favorable. For this reason is why supply is low. People with 2% or 3% rates arent selling their homes. The homes that are on the market now are the folks that missed the boat and are trying to capitalize on leftovers.
@VulcanLogic
2 ай бұрын
For most new owners who can afford their current payment and avoid getting laid off, they'll be fine. There may be value dip for a few years but it'll be right back up and on the back end they'll be able to refi, because interest rates will crater on the crash and lag behind the rebound. New housing starts are nowhere near demand and won't be in the next decade, so don't expect prices to stay down for long.
@MichaelGriffey6969
10 ай бұрын
If you're buying a house just to live in it for a year or two and then plan on reselling it, then you need to ask yourself why you want to buy in the first place. Stop stealing opportunities from families who are looking for that legacy home.
@Miltonthemilkdud
10 ай бұрын
Problem is more so the large corporations buying starter family homes than actual people buying homes.
@SF-ul2mr
8 ай бұрын
I live on long island i doubt home prices will ever go down bc lack of building new homes and space wont outpace demand here.
@Thecrooms
9 ай бұрын
And another thing first time home buyers need to hear is that even tho prices may be going down in their area. Property taxes are a year behind with values so your taxes may still go up. And in some localities they may be 2-3 years behind depending on how often a property gets reassessed.
@rossta3949
10 ай бұрын
People that freak out about their house value dropping a year after they buy it are the same kind of people that cash out their their investments when the stock market drops, dumb. If you're worried about your house value dropping after you bought a house you paid too much for it and you can't afford it.
@billsfan
10 ай бұрын
Crashes won’t happen unless there are forced sellers. There aren’t enough forced sellers for there to be a crash. Most people will just stay in their houses. Most people have low interest rates and would be buying into much worse interest rates
@DianeCardanoCasacio
9 ай бұрын
most of the people who are not moving are the empty nesters, they were usually selling and moving somewhere before they go to a senior community, now they are not making that interim move... seniors need to sell in order for the inventory to rise high enough to cause any decline in prices. Prices are not dropping in my area , Philadelphia suburbs... it depends on where you live..
@InfoSecGuardian
10 ай бұрын
A home, that of which you actually live in yourself, is a fantastic investment. Not in the sense of Stocks... rather, because you're getting the home for a FIXED price in TODAY's dollars. Inflation makes the home owner with a fixed interest loan the winner. ALWAYS. If you rent, you are subject to price increases... often every year. This is why you'll find people that are 20 years into home ownership paying under a thousand a month for housing and having double to triple the square footage too live in while seeing the renter paying 3,000+ dollars for tiny little apartments. And guess what... at the end of the term of the loan (or when paid off early), you have no more P&I costs. This makes the home EVEN CHEAPER than anyone that rented. SO - YES - home ownership is an utterly fantastic INVESTMENT if you live in the house. After ALL, you have to live SOMEWHERE. It minus well be a place you own. Otherwise, you are just enriching landlord type investors.
@Bjax111
9 ай бұрын
Love the advice. Buy what you can afford. I bought 6 months into the Covid bubble at 20% of my net income. If I were to buy my house today at the new price and new interest rate it would be nearly 40% and would constrain my lifestyle and stress me out.
@southlandtechie
10 ай бұрын
Like it or not.. Housing is an investment for most people.. Making a 5k payment when your neighbor is renting for 3k and you're 200k underwater is not smart.. Walk away from that home and rent pocket the 2k/month
@chew337
10 ай бұрын
Im glad i bought mines in 2021 even though it wasnt the house we wanted but it turned out great and my mortgage is 300-400$ cheaper then rent in my area.
@bernitup6492
10 ай бұрын
same here...
@Jack-pd4ps
10 ай бұрын
Same here in 2020. The market isn’t going to crash. 2020-2021 is considered a great deal now.
@elizabethblane201
10 ай бұрын
In my area rents are about 45% of mortgages. Not smart to buy in my area now.
@chew337
10 ай бұрын
@elizabethblane201 just rechecked my area to and it's half my mortgage too now that's just crazy
@elizabethblane201
10 ай бұрын
@@chew337 Yes; I never thought I'd be telling my kids, "Rent, don't buy right now.", but I am.
@alexismatteo347
10 ай бұрын
interest rate is such a pain in the a$$. wish we could lower it down in an instant. amazing video javier ! ❤️❤️❤️
@wayward03
10 ай бұрын
The low rates of the last decade are why prices are so high in the first place.
@Mrjvc163
10 ай бұрын
For buyers out there. Ask yourselves why are you buying a home? If it’s for you to live in and are comfortable with the monthly payment then the up and down wouldn’t really affect you. Real estate goes up in the long term. When interest rates drop what do you think the prices would do? If you’re thinking of buying a house, buy because you’re comfortable with the payment not because you’re expecting the rates to go down.
@frodobe_tbaggin3146
10 ай бұрын
the 20-30% net income rule is also very subjective. 20-30% on $5k net income is very tight compared to someone who is netting $10k a month.
@clint25n
10 ай бұрын
I can only hope so, for myself personally. All of our property taxes would be drastically reduced, and new buyers would be able to afford homes again. On the bad side, it would trap a lot of homeowners that hoped to move in the next several years.
@patriciacampos6428
8 ай бұрын
Good feedback. It is the negative side of it but this scenario is possible. As long the unemployment rate is low, will be ok cause there are thousands of people moving in our Country daily now days
@user-eg2jr8dt1j
10 ай бұрын
We overpayed about 70k for our house, possibly, but it doesn't matter in the end. 70/30 is a 194$/month premium on the property.
@JavyVidana
10 ай бұрын
Would you be brave enough to be a topic for a video? Email me your details at contact@javiervidana.com
@wi11ialvl
10 ай бұрын
Seeing houses, in the neighborhood I want to buy, sell for less than they bought as a new construction 2 years ago.
@serapiopereziii3741
9 ай бұрын
During the 2008 crash I had lots of friends that were in the 6 figure income bracket. Not one of them stayed in their homes once they found out they were underwater. Could they afford to stay? Oh, hell yes they could afford it, but when they learned how long they could stay before eviction, they stopped their payments. I asked them why they did that and they felt the 7 year default hit to their credit was something they could handle, given their income bracket.
@Mike_257
10 ай бұрын
The FED has insisted that the housing market will need to be reset!!!! The housing affordability is the worst in decades!!!! Either the household income is 60% up, or the housing price 50% down !!!!!! The choice is clear!!!! " Don't fight the FED "!!!
@truckingwithtobee
10 ай бұрын
Hey Xavier! I’ve been following your channel for a couple years now. And you’ve been pretty spot on and what you have been saying all along my question to you is. I am in the vegas area. I noticed the prices are starting to come down here a little bit. We’ve been in the market to buy a home for the last three years and we decided to sit on the sidelines but we’re getting very antsy as we need to get moved to Vegas as we are commuting over three hours round-trip every single day and it’s starting to get old. We have a trucking company and I actually drive from Vegas to Phoenix every single day five days a week and we just need to be closer. If you were in our shoes, would you…… A. buy a house anyway right now? Or…… B. Would you sell the house that we have right now while the market is still up and rent a house for a year? Which one would you do??? a little bit about our scenario. We own our house free and clear. We paid it off in nine years. We haven’t had a house payment since 2005. We have enough cash to pretty much buy a home that’s under 450,000 outright. But what we’re worried about is putting that money out only for the market to hit rock bottom and us to lose 100 or $200,000. We just don’t know what to do but we know we have to do something because this trucking business is killing us.😂
@brentmartin6833
10 ай бұрын
Well, besides the commute killing you, how much would you save in fuel costs/wear & tear from not having that commute? And if you think your current home could lose the same amount in a housing decline? (I have no crystal ball for the future of housing in Vegas or anything else for that matter.) Economics is trade offs, this would be the possibility of losing money depending on how long you keep the new Vegas home, etc. Vs. The commute (however much that costs time/health/money) & the current/future value of your current home. You've probably already thought of all that, but maybe not written down?
@truckingwithtobee
10 ай бұрын
@@brentmartin6833 i’ve answered all those questions I was just looking for another perspective. We have a trucking business I drive one of the trucks, so it is a literally and figuratively killing me to do the commute because not only do I drive from Boulder city Nevada to Phoenix Monday through Friday but with all the construction in Vegas, it’s taking us on average two hours to get home every evening. So I literally get up at 1:30 in the morning to get ready and we are out of the house by 2:45 AM. So that we can get to Boulder city by 4 AM and by 430 I’m driving on the road then by the time we get back in the Boulder city drop our load and then fight the traffic to get home sometimes at 6:30 or 7 o’clock at night and then I have to do it all over again the next day. So that is the reason for needing to be in Vegas specifically Henderson or Boulder city. it looks like we’re going to be buying in this bad market because it’s not worth getting into a accident and potentially losing my life hurting somebody else or losing my business so thank you for your insight. You basically stated everything I was thinking.
@brentmartin6833
10 ай бұрын
@truckingwithtobee2974 I know pre pandemic people suggested moving to the suburbs/exurbs to save money. I don't think they meant quite your commute. 😉 I hope you find a good home in a good location and at a decent price.
@truckingwithtobee
10 ай бұрын
@@brentmartin6833 we didn’t move out here pre-pandemic been out here since 1995 actually. I’m not time we did not have a business yet.
@User_User706
10 ай бұрын
Buy a house when you’re ready, don’t depend on market. Have at least 20 % down and your payment should not be more than 30% of your monthly paycheque. Good luck
@Lorenzo-ls3nt
10 ай бұрын
I don't understand why some people are so obsessed with property values. A house is not an investment. The reason that one purchases or builds a house is so they won't have to waste money on rent, and they should be debt free during their retirement years. The lifelong renter will still have to pay that expense after retirement with nothing to show for it. The stock market is for making investments. I am fortunate that my family owns 9 acres of clear land in the rural countryside, and we have another 42 acres in the woods that we use for logging. We have owned that land since the 1800's. My plan is to build a house on the family property within 5 years from now. It's nice and quiet out here. I have plenty of privacy and I don't have to worry about bad neighbors. I don't have to deal with homeowner association people telling us what we can or can't do to the property. Right now we have a small garden on the back of the property with okra, mustard greens, and collard greens. What if we were living in a place with a homeowners association? I'm sure they would be complaing that using a tractor to plow up the yard and planting a vegetable garden is lowering the property values. I could care less about the property value increasing and making money on a house. If anything I want the value to stay the same or go down so that I can save money on property taxes. I have heard stories about people losing their homes because the property kept going up in value and suddenly they couldn't afford to pay the property taxes. A lot of us country folks have land that gets passed down through the generations. We don't keep jumping up and moving every few years like those people in the cities and suburbs.
@SueCherryBlosom
5 күн бұрын
This is why your house insurance should never be high because you are not going to get paid that high end it’s just allusion
@newyork397
6 ай бұрын
Just use a rent vs buy calculator and if the payback for buying a house is a short time span (around 5 years) then you know it's a buyer's market. Just make sure you are using a good calculator that looks at all the variables.
@jankbitchvic4781
10 ай бұрын
When my rent is $1700/mo (and rising) for 600 sqft and buying is $500/mo for three times the space AND land AND I’ll eventually own it, I’m not too concerned about a market crash 🤷♀️
@algala25
10 ай бұрын
I’ve been saying this for years. Ppl in US look at houses as things to make money off of. Instead of a home to take care of and possibly inherit to your kids.
@PlasmaBurns
10 ай бұрын
Vehicle repos are skyrocketing, Commercial Real Estate is crashing, Bankruptcies are climbing and you can find 100 foreclosures in a 20 mile radius.
@thedustincrdv
7 ай бұрын
The market wont crash people. I have been hearing this for 10 years now. It’s a completely different market and we do not have the same lending practices. Supply vs demand. We have 3 generations of buyers who are wanting to buy. We are not producing enough homes to meet this demand and thus you have more buyers than sellers. That means prices will likely increase.
@anabelled4459
6 ай бұрын
This is the new norm. Tough pill to swallow for some.
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