I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quite mediocre neighborhoods. Then you’ve got Better, average sized homes in nicer neighborhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
@Grace.milburn
11 ай бұрын
A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
@ThomasChai05
11 ай бұрын
On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal portfolio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my portfolio this red season. I’ve made over $350k since then.
@ConorBrews
11 ай бұрын
@@ThomasChai05 I've been thinking of going that route been holding on to a bunch of stocks that keeps tanking and I don't know if to keep holding or just dump them, do think your Inv-coach could guide me with portfolio-restructuring as i wouldn’t mind a recommendation.
@ThomasChai05
11 ай бұрын
Do your homework and choose one that has strategies to help your portfolio grow consistently and steadily. ‘’Camille Alicia Garcia” is responsible for the success of my portfolio, and I believe she possesses the qualifications and expertise to meet your goals.
@JulietKellyy
11 ай бұрын
After conducting an online search of her name, her website quickly surfaced, piquing my curiosity. The initial impression is positive and I intend to arrange a call with her. I'll make sure to provide you with updates on how it goes. Thank you.
@Ja50nkAt
Жыл бұрын
Prices have come down in certain areas and there are far less transactions because of the unaffordability.
@marcygrey570
Жыл бұрын
My home price has gone down about $100k from its peak. It just depends on the market in your area.
@TonyCox1351
Жыл бұрын
Your house went down $100K while interest rates doubled, so anyone looking to buy will still have a bigger mortgage than they did at the peak
@funtechu
Жыл бұрын
100k on what value house? 100k on a 1.1M house is way different than $100k on a $350k house
@Dan16673
Жыл бұрын
@@funtechu we need %, not nominal
@Chicagofire24
Жыл бұрын
Mine went up by 50k
@rose_6400
Жыл бұрын
Mine went up $100k since 2020. I'm in Houston.
@jbirdx07
Жыл бұрын
My wife and I took advantage of the price spike and it worked in our favor! We bought our house for $240k with $90k down almost two years ago. Interest rate is 3.125%, my house is now worth between $290-309K depending on who you talk to. My lender keeps calling me about trying to refinance at their "special" rate. I told them I know there is NO WAY you can get me a lower rate than what I have now. Oh but don't you want to tap into all that equity without refinancing your current mortgage? CLICK! hung up on those jokers. We're staying here till we die (and might stay a little longer than that!).
@Jack-pd4ps
Жыл бұрын
Same, I bought in early 2020 with a 2.87 rate. When I bought a friend said he was going to wait for a crash so he could get a foreclosure and said I’ll be stuck with negative equity. He laughed when he said this. 3 years later, $100k equity later he’s renting and wishing he had bought in 2020. In the last 3 years, choosing to wait for a crash was the worst decision.
@barnabusdoyle4930
Жыл бұрын
Fun fact, the average HELOC has a 10.9% interest rate
@tracygaluszynski1868
Жыл бұрын
It does you no good unless you sell it.
@gwm88
Жыл бұрын
Yeah, does you no good unless you sell, but it’s a big safety net and a massive stress off of you. No matter what happens, you can always sell your house if you aren’t upside down. Same thought process as having everything else paid off and debt free. Just adding to that net worth and giving you options.
@noonan395
Жыл бұрын
@@Jack-pd4ps100% Correct bought right at the end 2.99 rate New Build I’ll never sell rent was going to be more expensive than my mortgage now . Don’t wait buy and refinance look what happened rent is outrageous at least you’ll have something for your money
@alexpeters7159
Жыл бұрын
My Wife and I have just decided to not Buy if this is the case, we would rather remain financially stable and not join this craziness by buying at the absolute peak. Our payment if we bought would most likely triple here in CA and is just not worth it
@alaskanmom2659
Жыл бұрын
Same here in Alaska. Our old neighbors bought a few years back and pay $1500 a month and today in that neighborhood the mortgage is $3500 and up. I’m kicking myself for not buying sooner!
@Jack-pd4ps
Жыл бұрын
@@alaskanmom2659yup
@bryantlane8646
Жыл бұрын
WISDOM…DR.BRYANT LANE.
@user-mv9tt4st9k
Жыл бұрын
Also in CA. We bought several years ago as prices began to tick upward. Our area is perfect for aging in place, thank goodness.
@dcastaldo9369
Жыл бұрын
Great, then rent
@velayuthman
Жыл бұрын
Timing the housing market is more complicated than timing the stock market. Which is impossible. There are few "just right" Goldilocks real estate markets...Aside from having over $850k in liquidity, my major challenge is not knowing the best entry and exit strategies.
@Curbalnk
Жыл бұрын
The stock market is no different, to maintain profit, you need to have some in-depth knowledge on the market.
@defaultname7685
Жыл бұрын
Scam. Do not trust these people they are bots. Monica literally stole my down payment money and ghosted me
@TCR2025
Жыл бұрын
Been hearing about this crash for like 10 years now. Still waiting
@DontAtMe2k24
Жыл бұрын
10 years? I don’t think anyone was thinking a crash was coming when a 3bed 2 bath in commuting length of metro Atlanta was only 125k back in 2017.
@Jaxbodybuilding
Жыл бұрын
10 years? Lol. 2008 crash took 4 years to bottom. It’s only been just recently the Covid money has begun to dry up. You posting 10 years told us all we need to know about your knowledge
@TonyCox1351
Жыл бұрын
@@Jaxbodybuildingwrong, by 2023 the median home price had fully recovered from the 2008 crash, and people have been predicting bubble bursts every day since then
@HoshizakiYoshimasa
11 ай бұрын
US open borders policy certainly isn't helping housing supply keep up with demand. While in Japan it's the opposite problem. Homes are actually very affordable in Japan outside of the Tokyo metro area. Japan's natural population ebs and flows don't put strain on housing supply. And Because of the population inconsistency, firms are less inclined to buy homes and flip them or make them into rentals as it's too economically risky.
@zenlife321
Жыл бұрын
Idaho here. Slower sales, lots of inventory of new apartments and spec homes. We’ve cooled off. Seeing lenders and agents trying to whooo clients, not ignoring them from lack of time to serve. Seeing lots of foreclosures on Zillow too. Pandemic foreclosures and bank owned is up in southern idaho.
@Hoodlum728
Жыл бұрын
You survive the wave of Californians? PA here the hord of New Yorkers have swept through my once quiet beautiful town lol
@alleykeosheyan4779
Жыл бұрын
What do you mean by "Southern" Idaho? Boise, Idaho Falls, Bear Lake???
@zenlife321
Жыл бұрын
@@Hoodlum728 we have …lol.. Many of them realized that the weather during winter wasn’t as great as they thought, so now they are moving out to other places like Arizona. At least that’s what I have heard.
@zenlife321
Жыл бұрын
@@alleykeosheyan4779 southern idaho is most traditionally considered Boise, Meridian, Nampa, Caldwell, Melba and Mountain Home. But all of Idaho is experiencing slower growth. My dads a builder and my friends are lenders and real estate people, so my info is not just arm chair speculation. Sales are still happening, but it’s slowed and a lot of buyers turned to renters. Just sharing what we see from my side of the country is all. Probably not true everywhere.
@Hoodlum728
Жыл бұрын
@@zenlife321 fantastic! Good to hear. Unfortunately these New Yorkers are like roaches and will survive anything … lol but best of luck to you out there stay safe!
@tate6809
Жыл бұрын
Prices absolutely came down. I bought a place at the asking price, instead of $80k over
@m16ty
Жыл бұрын
That's what Dave is saying. Prices haven't really came down appraisal wise, we are just coming out of a time where homes were artificially inflated to more than the home was actually worth. Appraisal prices are still going up in most places.
@burgholte
Жыл бұрын
@@m16tywhat do you mean by this? The only price that matters is what something sells for not what it’s appraised at
@matthewgeissinger2856
Жыл бұрын
@@burgholteAppraisal matters if you are taking out a loan from a bank. Banks will not underwrite a loan if you are trying to pay above appraisal. Cash is different. No appraisal needed. I sold a rental property a few months ago and had 3 cash offers that were at least 10 thousand above what I was asking. I took the cash and ran because I knew the market would cool in my area and it has. I do feel bad for people trying to buy their first house right now; but they should wait.
@RJWaynerium
Жыл бұрын
No, that does not mean prices went down, the bids were stupid high. But now with mortgage rates being so high most people can't afford to place bids hence the people who can afford the interest rates are placing the bids against virtually no competition.
@SDALLE99
Жыл бұрын
I love how Dave never addresses the fact that the supply of houses are being drained by corporate investors and how build-to-rent are forcing ppl away from home ownership.
@Ashley-nt1cm
Жыл бұрын
True, this is definitely a contributing factor to the housing demand. It’s also simply not enough lots to meet the demand.
@tomassmith2088
Жыл бұрын
Because it's not relevant.
@LennyCow
Жыл бұрын
@@tomassmith2088it’s not relevant? The last 17 houses I’ve looked at, 11-12 of them were owned by corporations lol
@MikeyPaper
Жыл бұрын
@@LennyCowdaves point is the supply is being choked. Corps are buying up houses.... yes? But his point is the supply is choked. Dave made his point? What are you crying about again?
@tomassmith2088
Жыл бұрын
@@LennyCow demand is demand, doesn't matter where it's coming from.
@RhinoXpress
Жыл бұрын
something has to give, because you can't have the price of homes the way they currently are plus high interest rates. So either home prices start falling or interest rates will have to.
@alaskanmom2659
Жыл бұрын
I’m following a lot of folks in real estate that say the rates are going to dip but when they do the house prices are going to go up a lot.
@Romns1513
Жыл бұрын
Same, what goes up must come down… but I think more than anything we need prices to dramatically decrease. It’s just so out of reach for most young (and even older) Americans right now. Salary increases can’t seem to compete. Even with a two-full-time-income household if you had any other debt in the last few years and just now paid off, you’ve gotta really be strict to save enough for a house 5 years down the road. Assuming nothing changes.
@blmxo8827
Жыл бұрын
I guess all the middle income earners will be homeless and that’s our fault apparently 😢 All these people saying that this is the new norm make no sense to me. How can this be normal when majority of people can’t afford these prices??
@dungeonmaster6292
Жыл бұрын
@@blmxo8827quit chasing yield on your 401K and IRA and REITs. You're complicit if you own any of these because the financial class is the one driving the renter nation concept
@zaymitchell
Жыл бұрын
A broken clock is right twice a day
@djpuplex
Жыл бұрын
Houses are also not selling like Dave said either. A lot of sellers not yet motivated and alot of buyers are looking at the interest rates and saying no way.
@dgordon7694
Жыл бұрын
Yup
@ginab.4605
Жыл бұрын
They will just end up renting the houses out to Section 8 tenants as they are currently doing.
@austinduke8876
Жыл бұрын
As of this moment in time the only motivated sellers will be flippers that got caught out. Every other seller is going to be a stock standard case where the seller is doing something like moving, getting a divorce, the home was inherited. As of now people can afford their homes and trading up is pricey so many will stay put
@Dell7788
Жыл бұрын
It's bevause the investors aren't buying yet. Once investors start buying. Then people will start selling and feel more comfortable to sell
@mylesgray3470
Жыл бұрын
I’m in Seattle and $3000 houses for rent are vacant and ready to move in everywhere. The problem is if you buy a house now, the mortgage will be $1-2,000 more than what it can rent for so investors are no longer buying in the market around here. Nobody wants a negative $24k a year return.
@Red_1976
Жыл бұрын
National housing crisis atm in Australia. We have so many homeless here just because they can’t get a rental or buy a house. People are also not earning enough money to pay for rental prices. This is bad for those earlier generations, they will never be able to buy a house here.
@blmxo8827
Жыл бұрын
This is what I don’t understand. How is that possible?? Why is that happening? Is this what’s going to happen here? A bunch of middle income earners living on the streets? 😢
@ykook7000
Жыл бұрын
It's because way too many Airbnb's therefore not enough long term rentals and interest rates for home owners going up also way too many larger families not buying homes way earlier and having extra kids to get ftb and rent assistance from the Aust govt
@alandbs329
Жыл бұрын
Hey, didn’t you losers down there all follow the rules and mask up and criminalise your fellow citizens? Maybe it’s karma? In fact, I’m pretty sure I hear a dingo eating your baby 😂
@Hightower613
Жыл бұрын
Usually people who have borrowed massively against their home equity say home prices will never come down lol.
@user-mv9tt4st9k
Жыл бұрын
In Southern California there are plenty of homes available, though not in areas where people want to live. 🙄
@iAmBrah
Жыл бұрын
so if prices continue to climb and outpace wage growth, how do you expect people to follow your advice of getting a 15 year mortgage with the payment being less than 25% of your take home pay???
@joesmith3590
Жыл бұрын
Umm save??? Lmao.
@LAZERZ-OP
Жыл бұрын
You rent forever. This is all by design
@alinatamashevich3354
Жыл бұрын
Just do it
@rillawhat8142
Жыл бұрын
👍🏾
@patrickchilds5486
Жыл бұрын
My sons friend’s parents paid 1.6 million for their house here in Windermere Florida in 2022. They listed for 2.9 million 9 days ago and already pending. Here it’s still nuts.
@dangehn665
Жыл бұрын
Prices are really escalating in Florida, huh?
@scoutandscooter
Жыл бұрын
I guess there's still demand for housing in a swamp called Florida.
@Chicagofire24
Жыл бұрын
Dont care about some snooty millionaires
@JustinCase780
Жыл бұрын
That's total b.s.
@stevengolden9009
Жыл бұрын
The market is only nuts in Florida for high end buyers. Middle class and lower wealth buyers are being priced out of the market, due to high property insurance & taxes besides the home prices going up.
@LAZERZ-OP
Жыл бұрын
First time home buyers are getting screwed!
@booya6437
Жыл бұрын
That’s where my wife and I are now. We make GREAT money and the homes in the price range we are supposed to be looking at are borderline dumps. It’s extremely discouraging.
@ClaxtonBay123
Жыл бұрын
@@booya6437Then you're not ready to buy a home yet. Or you're looking in the wrong area, time to move bucko.
@booya6437
Жыл бұрын
@@ClaxtonBay123 That’s why we’re not buying yet, bucko. I’m an automotive engineer so metro Detroit is my home, like it or not.
@evr0.904
Жыл бұрын
Wait for student loan payments to come back. Housing is about to get real cheap.
@striker1553
Жыл бұрын
@@booya6437 Same. We had to pay $265 for a basic 3 bed 1 bath ranch well outside the city. $1850 a month at 5.885%.
@ionicatoms
Жыл бұрын
Days on the market is up 90% over the last month in my area. Inventory will naturally rise as more and more houses sit unsold.
@benkenny3220
Жыл бұрын
So house prices are going down even though you keep saying they're not? What a mixed message. Someone on my street been trying to sell for over 4 months and it's a fairly nice house. Entry level houses just went down 30k. Can almost buy for 200k again. Inventory seems plentiful.
@douglassmith9445
Жыл бұрын
Was just thinking the same thing. Dave doesn’t give the wisest investment advice. While I follow most of his principles, he is still a human at the end of the day and god knows we are not perfect creatures.
@godfathaofyo
Жыл бұрын
Houses used to take 3-6 months to sell in a normal market. People got too comfortable in having "highest and best" offers come in after the first weekend. That was not normal.
@benkenny3220
Жыл бұрын
@@godfathaofyo houses here have been on market max 1 to 2 weeks since I've lived here. (11~ years). Austin Texas area.
@user-mv9tt4st9k
Жыл бұрын
It really seems to matter what area. Inventory in our Southern California community seems to be down for single family properties and up for planned communities and townhome developments--these seem to be priced more "reasonably," likely because there are HOAs and/or more homeowner restrictions. Of course, 80-120 unit apartment developments are on the rise. 🙄
@shirtlesslager
7 ай бұрын
Da baby Jeebus told this man he is a real estate expert. Run.
@fifafan1
Жыл бұрын
Prices have started to level and i see price reductions now.
@MikeyPaper
Жыл бұрын
Cope.
@bernitup6492
Жыл бұрын
In Cali, they are just going up. Market is local.
@fifafan1
Жыл бұрын
@@bernitup6492 maybe with remote work going away partially it will lower prices
@superblump87
Жыл бұрын
Where?
@user-mv9tt4st9k
Жыл бұрын
@@bernitup6492 In our So Cal community, the single family properties (we have a lot of craftsman/bungalow homes) prices are rising more than the new developments. Rents are all over the place and new 80-120 unit apartment developments are going up all over the city--low income subsidized and luxury. 😩
@JohnnySmoove
Жыл бұрын
Dave is stuck in the 1980s mindset of real estate. No way can someone do a 15 year mortgage when salaries are not even being increased. Dude is living in fantasy land.
@chadd587
Жыл бұрын
Dave gives a guideline on comfortably owning a home. It's not a law. I think if folks look at what Dave says would be a comfortable payment and then go see what these homes are costing and what they'll actually have to pay, they will get an idea of how tight their budget will be. If you are looking at 50% of your income, save a bigger down payment. It's a solvable equation after that. You're not ready to own or rent, much less move out of mom and dad's house. Get a better job or get two.
@Dell7788
Жыл бұрын
People want to spend less so they can buy more stuff. Downgrade your cars. Sell stuff. Get 2nd job, cut your vices and get 15 year mortgage. It will pay off in long run
@TheRosswise
Жыл бұрын
I agree Jay, you are right. That is why banks are moving away from 15 and 30-year mortgages and going up to 50-year mortgages.
@jeffs.3348
Жыл бұрын
He is principal based. He is about intentionality
@rrobertson4191
Жыл бұрын
No it's absolutely real for living in your means. Dave is a blessing!
@dieterich6533
Жыл бұрын
Housing always goes down during a recession. The yield curve has never been wrong in history. Be patient.
@joesmith3590
Жыл бұрын
No it doesn’t housing has never gone down notably due to a recession lmao. Only large dips in 100 years are liquidity crisis.
@bobsacamano7653
10 ай бұрын
There are a lot of variables in supply and demand Ramsey. When people don't make enough money to afford that will bring the demand down. When investors don't see a profit that will bring down demand and increase supply. When people lose their jobs and cannot make mortgage payments that will increase supply
@jaywalk6628
Жыл бұрын
Which is it Dave? Not going down or Price it "correctly"? Love your content but there are a lot of price reductions currently.
@brakmaster
Жыл бұрын
Home prices will fall. It's not a matter of if but when. These prices are out of this stratosphere especially in major cities.
@FLaDave351
Жыл бұрын
They may dip slightly temporarily because of interest rates I think is what you mean. But did you hear that Demand is Greater than supply?
@zm5513
Жыл бұрын
Nope pay will Go up to meet the prices , will take a while .. it’s called inflation
@ignitionSoldier
Жыл бұрын
Not if investors with deep pockets keep propping up the prices. I think as long as they continue to buy up retail property, the prices are not going anywhere. It's a terrible situation to be in.
@Jack-pd4ps
Жыл бұрын
Not dropping any time soon.
@PJF56
Жыл бұрын
Where will all the excess inventory come from?
@ravikurup8350
Жыл бұрын
I didn't learn supply and demand until college. I was still counting coins back in 7th grade
@malcolmdoyle5385
Жыл бұрын
This video is a game changer, I have been looking for the best way to increase my income and start up my retirement, but I really do not know much about investments and trading stocks. I keep postponing every single day that passes, but I want to begin now. How should I start? What do I need to know?
@malcolmdoyle5385
Жыл бұрын
I know I can't do any investment by myself, because last time I tried, I lost all my money. I am serious and interested but also scared of losing money now. What can I do not to end up with same result as last time.
@malcolmdoyle5385
Жыл бұрын
I have done some research, and what I need is an excellent financial advisor to assist me with what I want to do. A good recommendation will do. Thanks.
@malcolmdoyle5385
Жыл бұрын
Looked up her name *Robin Brezik* and found her website, interesting stuff so far, about to schedule a session with her. Thanks.
@thedude5040
Жыл бұрын
BOT BOT BOT BOT BOT BOT BOT
@SomeAftermath
Жыл бұрын
@@thedude5040 Bots talking to each other.
@aaronbenton7
Жыл бұрын
Prices and values are down, but not totally crashed in my area. My home lost thousands in value last month.
@wichaelmeston1492
Жыл бұрын
No housing crash because low housing supply?.. Just know short home supply or “housing shortage” can turn into a housing surplus very.. very quickly. It’s all about demand & dynamics at play that people don’t take into account or understand. Sure they are building fewer homes.. but what happens when people can’t afford to rent or buy? More people squeeze into the same house. I’m seeing it first hand…every house in my neighborhood has at least 4 cars in the driveway now. What will this lead to?.. more supply. This will fix the supply shortage. Another dynamic.. over half of all Airbnb units were purchased in the last two years. In this recession..Airbnb investors are no way finding yield or cash flow & will start to sell homes if they haven’t already. Another dynamic.. Private equity & hedge funds that owns all these home… having been selling for Tbill because they are less of headache to own & bring in more yield than owning all these houses.
@rillawhat8142
Жыл бұрын
👍🏾
@jaywalk6628
Жыл бұрын
Vancouver WA - median homes are down $40k from a year ago, pending's are down from 90% to 48% pending, price reductions are the order of the day. My home is worth less than a year ago, 490 to 440. Demand is less than supply currently.
@edhcb9359
Жыл бұрын
Your home wasn’t worth $490k a year ago. You only think it was.
@jaywalk6628
Жыл бұрын
@@edhcb9359 you could be right but it's paid for so a mute point anyways.
@edhcb9359
Жыл бұрын
@@jaywalk6628 Your point wasn’t that your home was paid for, it was that it had drastically dropped in value. But if your point had been that it didn’t matter because it was paid off then then it would have been a “moot point” not “mute”.
@jaywalk6628
Жыл бұрын
@@edhcb9359 Internet police much?
@5points7019
Жыл бұрын
We live in the midwest, 45 minutes from any large city, a rural town of about 1500. Prices are coming down bcs nobody is buying them for the overinflated prices they've gone for in the last couple years. Beautiful renovations to older homes, but there's not enough draw out here for housing prices in town for over 150-200k. There's one that's been on the market for the last year, the owner won't bring the price down even tho the front yard view is the gigantic brick wall of the newly added jailhouse to the sheriff/city hall building. Fertile farm land is still going for over 30k an acre around here.
@eatsleepcoderepeat9964
Жыл бұрын
Demand has been largely curbed due to houses being unaffordable and too risky for investors. Now the other part of equation that needs to be fixed is supply. Once we get supply, it will come down probably more than it ever has before in a relatively short amount of time.
@b.m.4066
Жыл бұрын
I don't think you realize how hard it is to get houses built and ready to sell currently. Construction loan interest rates are higher than that of traditional mortgages for already built houses, so there's still the financial hit. Materials are still more expensive than they were just a few years ago. There's a massive labor shortage for almost every single trade involved in building a house along with the truckers needed to ship those supplies. Plus you have zoning laws that are keeping new houses from being built in certain areas. It's not as simple to increase supply as just building more houses
@eatsleepcoderepeat9964
Жыл бұрын
@@b.m.4066 building houses Isn’t the only means of bringing new inventory to the market. If houses are the most unaffordable they have almost ever been and require two incomes to support the mortgage, what happens if one person in the household loses their job? I believe we won’t even need to see unemployment doesn’t go up that much for a lot of inventory to be brought back in.
@ashleycnossen3157
Жыл бұрын
No supply until interest rates come down.
@eatsleepcoderepeat9964
Жыл бұрын
@@ashleycnossen3157 what makes you think that? If you are saying that because “people locked into lower rates won’t sell”, you are partially correct. See my previous reply though, due to the sheer unaffordability of housing a weakening labor market is the most probable catalyst at this point in time.
@ashleycnossen3157
Жыл бұрын
@@eatsleepcoderepeat9964 You're saying that inventory will go up when people start losing their jobs. Let's look at some of your presuppositions: 1. You're assuming that many people bought houses during the later stage of the pandemic when house prices skyrocketed (because if they bought before, the housing wasn't that unaffordable). 2. You're assuming they all got a mortgage based on two incomes. 3. Your assuming it's likely that one of them will lose their job. There are some problems with those assumptions : 1. The reason prices got so high is because there was such a lack of supply - like incredibly low. Most of the people who wanted to buy a house during this phase were unable to because they were outbid. Often by cash buyers and investors. Those people are unlikely to be in a position where they suddenly have to sell - but even if they wanted to, there weren't that many of these houses that exchanged hands. 2. People that bought houses before this had decent prices, had the option to refinance during the pandemic, and either lost their jobs then and thus already would have lost their houses (likely sold during the price boom), or had an increase in wages. 3. Layoffs that are happening now are pretty much restricted to the technology sector. Those people tend to be concentrated in places where the market is already crazy. Most buyers won't be looking in those places. In every other sector, there is a labor shortage and it's unlikely that people will just suddenly lose their jobs. 4. I don't know how typical it is for people to buy a house based on two incomes across the board but in my circle that is actually not common, so I don't think that's necessarily a good assumption to base your housing predictions on.
@edd06001
Жыл бұрын
Dave can sit here and tell us what can happen and did happen, but he can't sit here and act like this is sustainable forever. When home price inflation is far greater than wage inflation, that is by definition a housing bubble. And it will either go down slowly or with a crash.
@joesmith3590
Жыл бұрын
That isn’t a housing bubble at all. You are just making thing up like a fatherless loser does.
@evr0.904
Жыл бұрын
Wait for student loan payments to come back.
@rillawhat8142
Жыл бұрын
👍🏾
@comment_account2343
Жыл бұрын
not necessarily, the US has had a lot cheaper housing than most other western countries where buying is a lot more expensive than owning ( looking at Australia or Switzerland). The prices have been very high for a very long time there and outpacing the wages so that only few can buy and most have to rent. This has been the case for many years without a bubble popping. It can be a stable situation.
@binks3371
Жыл бұрын
@@comment_account2343 the problem is that the rent follows housing prices. It goes up as well. I'm in Europe and both the real estate prices and the rent went up something like 30-50% in the last year and a half or so. Add to that stagnating wages and the increase of food, fuel and services prices and it becomes unsustainable in the long run.
@ivanvargas2425
Жыл бұрын
Prices have dropped but interest rates have gone up. I can’t see prices ever being as low as they use to be.
@premmanu6557
Жыл бұрын
House prices went up in orlando and keeps going up. Not sustainable at all. I bought my house last year for 359k, two streets down a small house sold for 472k. Zillow values my house at 480k (its just crazy, atleast in florida)
@mycaddigo
Жыл бұрын
They have dropped over 100k in the last 12 months in the area I’m looking in FL
@mfbikle
Жыл бұрын
Raleigh, North Carolina.. I just sold my home, but since Jan my home price came down $30,000. And I’m in the hottest real estate market, Still made $100K profit.
@DetourShirts
Жыл бұрын
Is it the supply of homes or the supply of affordable homes that we are talking about because in my area I see a ton of homes,condos and apartments being built..... I think a lot of people aren't buying homes because average homes are too expensive compared to the average income
@rillawhat8142
Жыл бұрын
Exactly
@2020srw
Жыл бұрын
Sold the house in March 1923. Turned it into silver and gold Now let’s watch and see who’s right.
@amireallythatgrumpy6508
Жыл бұрын
LMAO nobody who sold a house in 1923 is alive today.
@suzannefisher3956
Жыл бұрын
You think prices are going to just keep going up and up? Hmmm 👌. Don’t think so. Continuing to drop in my area. I was wondering where all the crappy houses were? Recently they are popping up. Then it dawned on me about the mortgage forbearance. People have to pay again so they are finding out they can’t afford to.
@stevencole7331
Жыл бұрын
Dave missed one option on prices going lower and that's a wave of foreclosures . With the higher prices would people walk away ? Well you need to be upside down with your mortgage and can't afford the payments . If your not you can just sell and move on and for most who have bought 6 months ago they are probably not upside-down . Now you could see more sellers who can't afford their house which could drive prices down leading to a upside down situation leading to foreclosures but with a good gdp and low unemployment it's just difficult to see a true reset anytime soon . I think you could see some change after the majority of baby boomers are gone in maybe 10 to 15 years as those houses come Into the market increasing inventory
@onenikkione
Жыл бұрын
The Fed's raised the mortgage interest rates to cool-down the increase in home prices, with the higher rates many people will not be able to afford a house at their current price. It will take time for the trend to become a buyer's market (lower home prices) as demand for housing decreases due to the higher interest rates. How long will it take for this to occur - you guess is as good as mine.
@robloxvids2233
Жыл бұрын
I love knowing Jade shops at the same store Joe Dirt does.
@irvinsanta
Жыл бұрын
Ramsey....you are always right
@DontAtMe2k24
Жыл бұрын
Dave is only looking at supply and demand. Which stands true. If supply doesn’t get better, prices will not go down. What’s suspicious is prices increased by more than 25% every year for 3 years. A house in 2020 was 120k and is now listed for 250k. How are people affording this? How will people afford this? Salaries have not kept paced. Just doesn’t seem sustainable. His co-host Ken Coleman has recently said housing will see a reset. Dave does not and will not venture out of his standard criteria and evaluate the market as a whole.
@ryankiel4895
Жыл бұрын
And he still will not acknowledge the gravity of the pandemic. It annoys the hell out of me. Over million people died directly or indirectly from the virus and he just makes light of it. I have patients that are still suffering from being infected.
@joesmith3590
Жыл бұрын
So trust the young fake psychologist or the real estate family for multiple generations with 100s of millions in real estate. Lol emotional people funny.
@CPMG2000
Жыл бұрын
July is not a good example because it seasonally ticks up. 2008-2012 had ticks. I do not agree with Dave because market adjustments always happen but I could be wrong and tgis could be an exception.
@robloxvids2233
Жыл бұрын
Nobody wants to trade a 2.5% mortgage for a 7.5% mortgage. I don't know if this will cause prices to drop or stay the same but to pretend this isn't a huge factor is crazy. I read posts all the time from people (with money) saying they are trapped in their mortgage now. People won't move unless they absolutely have to. That means demand will come down.
@Jack-pd4ps
Жыл бұрын
And prices will keep going up
@robloxvids2233
Жыл бұрын
@@Jack-pd4ps if the supply of new homes dries up, possibly. You've got multiple factors working with and against each other, so the net result is not easy for anyone to predict, even David Ramsey. There could be a new factor that pops up any moment that throws everything for a loop.
@Smsrules1
Жыл бұрын
Housing is still a supply issue that's been entirely separate from consumer demand. I don't know why this is so difficult to understand for folks.
@aolvaar8792
Жыл бұрын
@@Smsrules1 ~2030, the first of the average Boomers will start to die off (aging out), It will start the greatest transfer of wealth in history of the USA. Low interest rate caused 2MM homes to go to the second home market. I'm a boomer, my daughter (18) is on the title, $1MM home.
@robloxvids2233
Жыл бұрын
@Smsrules1 Supply is not mutually exclusive of demand. Supply is affected by demand, and when mortgage rates triple, demand will drop (increasing relative supply). You can't ignore the cost of a mortgage when talking about the supply of housing. Especially when you're dealing with first time buyers, who basically have to take out a mortgage. My house will be paid off in less than 1.5 years. They are also building apartments behind my house. The thought of selling and moving to a better neighborhood (buy maybe taking out a 100k mortgage) has ocurred to me. What has also ocurred to me is I don't want to do that if mortgages are 7.5%. I mean these are real world examples.
@fedelinebaptiste5020
Жыл бұрын
People don't understand the concept of supply and demand! I remember when Dave did that show , I was in the process of buying a house, most of my friends were saying, wait for the crush , now my property went up by 20k. As a Realtor I'll tell people if you can afford the house and plan to stay in it for at least 10 years buy it , you can always refinance. A lot of people miss out on waiting for the crash! And interest keeps going up..
@joesmith3590
Жыл бұрын
People think wages control home prices but they don’t at all. Look at the stats usa is one of the cheapest if not the cheapest of price to income price to rent any metric you want. So it is obviously incorrect thinking and just wishing.
@ds3602
Жыл бұрын
I waited and found an absolute deal thanks to high rates crushing demand / competition
@freebird7284
Жыл бұрын
apartments, not homes are being built at a breakneck pace here in N GA, and 2 bedroom prices avg. around $1500 50 miles from Atlanta, and what used homes are sold seem to be going to rentals for upwards of $1800-2000 avg.
@seabreeze8467
Жыл бұрын
Dave is always too broad when it comes to real estate. For example the prices aren't coming down and it won't come down in my area but about 4 hrs from where I live prices are coming down because construction has exploded in the area. Every week they drop prices. So it varies on location.
@strategicsage7694
Жыл бұрын
Isn't that true on everything though? He's talking about the national trends. No matter what issue you talk about, there will always be areas that are exceptions.
@newguyguy2578
Жыл бұрын
It depends on thee market and area. Dave is NOT correct on this. Alot of houses have come down at least 15 to20 thousand in my area. I respect Dave but this an unfounded rant!
@Gregoman89
Жыл бұрын
They are coming down in my area as we speak
@romans116and17
Жыл бұрын
Listen to Melody Wright. She said that based on her research we are about to have a repeat of 08 housing crash.
@Supertzar999
Жыл бұрын
I bought 10 years ago when my home was less than half of what it is now, and my mortgage rate is 3.5 fixed. Certainly, glad I didn't follow Ramsey's advice then because he would have said to keep renting and save up to buy in cash.
@Sonofawildanimal4241
Жыл бұрын
Really he said that? Can you provide a link!? That would be awesome
@mrlion2022
Жыл бұрын
I like Dave, but of course, he is heavily in real estate, so any realtor will say it's a good time buy sale or anything in their favor but when you walk the streets you get a different feeling a different way of thinking. Economic 101 is basic, supply, and demand, but he's anticipating that almost everyone can afford their mortgage. And we are seeing a building boom in apartments.
@paulallenpierceandpierce
Жыл бұрын
Location is key. Like always.
@ironvoice5079
Жыл бұрын
Not true, prices were raising at an unsustainable rate and likely to go in the opposite direction. There is one more factor that determines prices besides demand and supply, and that is income. In reality prices have been steady since last year accross states and actually decreasing in areas that boomed during the pandemic such as Austin. This is a trend likely to impact many more markets because of the following reasons: Debt to income ratio, which is the highest in history. People cannot make enough to pay regular bills. Inflation, people who purchased when houses were ultra expensive have been barely making it. Not only inflation makes debt to income ratio bad, it has been increasing, which keeps making housing less affordable every day. There is 1.5 trillion dollars in credit card debt, highest amount in history. Most importantly, this debt has been used to cover regular expenses such food and gasoline, which shows at some point home owners will be forced to sell. Auto loans, we have a record 1.3 trillion dollars in auto loans, which is also highest ever in history. Cars are being repossessed at historical records and auctions are getting more and more every day. Student loans, not only at record high ever with about 1.5 trillion dollars but people are about to start making payments (many won't be able to), which adds an average of $400.00 per month, per loan to expenses already unaffordable. Job market, companies are not hiring people they don't need anymore. In addition, companies are starting to decrease starting salary which is the last nail in the coffin. Remote work, more and more companies are forcing employees who were working full-time remote and many are selling because of this. Lastly, people have been banking with their house equity and these loans are also at record high and many don't even have equity to bank at all. I truly believe the housing market is about to change in the next year or two
@MillionaireHouseholdFinance
Жыл бұрын
Great video & very informative comments below!!! Thank you all!
@gonzalesg0221
Жыл бұрын
What market is he talking about, it dropped 2.5 in August in my market and 12% from a year ago.
@rillawhat8142
Жыл бұрын
👍🏾
@dallasbarkman1261
Жыл бұрын
Alert , another home just dropped 90,000 Elkhart county Indiana
@xjxy1213
11 ай бұрын
I feel dramatic price drop will require a sharp inventory increase due to some sort of unpredicted event. What would such an event be? Massive layoffs, large amount of investors existing out? Anything else?
@MikeWalksWithJesus
Жыл бұрын
I wonder how well this will age
@TonyCox1351
Жыл бұрын
It will age much better than the “housing bubble will burst soon” comments I’ve read every single day the last ten years
@mylesgray3470
Жыл бұрын
Zillow in my area is showing prices rosé slightly after a 15% decline this summer and have started to trend down again. I think prices will trend down until rates stop rising which I expect to happen next year.
@evr0.904
Жыл бұрын
Just wait for student loan payments to come back.
@Jack-pd4ps
Жыл бұрын
@@TonyCox135110 years? Dam
@mylesgray3470
Жыл бұрын
@@evr0.904 They are back now, just wait a couple months for the impact.
@timbatman1958
Жыл бұрын
Dave really needs to get our of his bubble sometime. Real estate prices have cooled
@DanielCarnes
Жыл бұрын
What about the commercial real estate in the top 10 business districts in America? They are getting hit hard.
@joesmith3590
Жыл бұрын
Unless you think liquidity dries up to the point no one gives a loan it is meaningless. They aren’t the same thing. It is like expecting a boating market crash to effect car market because they both move people. .
@DanielCarnes
Жыл бұрын
@@joesmith3590 I'm watching out for the domino effect that could come from CRE that could put us into recession. Corporate Bankruptcies are on the rise. No one is selling their homes b/c they are stuck in a 3% mortgage like I am.
@toegunn4905
Жыл бұрын
Inventory is ticking up in many markets again. Dave believes that demand is unlimited, but real housing (rent and owned) demand has stabilized based on flatlined and declining rents. Interest rates will stay high, people in many markets simply can't afford to buy a house, waiting, wanting or otherwise. No bank will give the average person money to buy the average house in a pandemic boom town. Investors have left the market too, buying to rent with a negative cap rate is insane, especially when you have 5.5% t bills available. Prices in Phoenix, Nashville, Tampa, Las Vegas and many other cities will come down over 2024. No cap.
@kyleinpa5285
Жыл бұрын
You guaranteed that prices will increase every year for five years straight. It has only been one year. The demand is going away with mortgage rates at 7.5% as supply increases, prices will go down.
@blackworldtraveler3711
Жыл бұрын
I’m assuming many who chose a home they could truly afford have become thankful for what they have bought pre Covid when prices and interest rates were cheaper. I know I would be.
@Supertzar999
Жыл бұрын
@@blackworldtraveler3711I'm thankful I did. Still, I think Dave is wrong here and prices will come down.
@tmarndt
Жыл бұрын
Rent and house prices dropping in CA
@aba1791
6 ай бұрын
Where??? not where I live in So. Cal 😩😩😩
@n1k01k0
Жыл бұрын
Everyone in my area who is selling is out of luck and just waiting and waiting… there are no buyers. The house prices have come down about 30k since the peak.
@willmitchell6521
Жыл бұрын
There are too many expensive homes and too little affordable homes. Too much inventory Dave.
@daveharness70
Жыл бұрын
Selling my rental home to my tenants that I purchased in 2018. Been rented since 2019 after rehab making ~9% coc. Selling for more than 2x purchase/rehab price. Midwest. Why? Property taxes went thru the roof. Tenant is great family, and DAV who will not pay property taxes. So it is a win on both ends, and we both feel blessed by the transaction.
@phillipmatthews8341
Жыл бұрын
They have come down in Texas, Austin has the biggest price drop in the nation, prices will come down. BS on demand, it drops when interest rates go up.
@amireallythatgrumpy6508
Жыл бұрын
It depends on both, but it is slower to respond to interest rates than demand.
@joesmith3590
Жыл бұрын
Nah Texas has no regulations so they can actually build enough supply to effect demand. Almost no where else in the country is that way.
@alex182618
Жыл бұрын
Meanwhile a nice 3 bd house in Knoxville TN (Garwood Cir) after price cut of 33k is listed for 255. 46 days and counting. Dave was obviously referring to Miami, not to his own back yard.
@grod805
Жыл бұрын
Same in California. Houses are down 10%
@adamkeene6340
Жыл бұрын
Dave doesn’t live in knoxville
@jamisonmunn9215
Жыл бұрын
33k is nothing when that home was 150k in 2018.
@drproton85
Жыл бұрын
I sold my house in July and made $50k in profit.
@fifafan1
Жыл бұрын
I spoke to realtors who told me sellers are taking below asking price.
@freedomring3022
Жыл бұрын
asking price is irrelevant ... market price is what's important. If the market says your home is worth $300k, but the seller is asking $400k then takes $350k, your statement is technically true but the home still sold for more than market value.
@fifafan1
Жыл бұрын
@@freedomring3022 i understand that. But during covid ppl were getting asking or above asking which was already above the valuation
@freedomring3022
Жыл бұрын
@@fifafan1 that is also true ... in my area people were asking about $50k above market and then getting $100k above market .. it was crazy times. Homes are still moving here above market but not like that.
@fifafan1
Жыл бұрын
@@freedomring3022 here by me they slowed down and overpriced homes are sitting until they drop 10-20k at least if not more
@youngblood23rb
Жыл бұрын
How many people refinanced to a 30 year based on inflated values and also took out of of that fake equity and now complain about home prices, why cant people just be content, save and do without 70 thousand dollar vehicles
@Jaxbodybuilding
Жыл бұрын
Lol @ Dave quoting the prices have dropped for 5 straight months….then July goes up (like it does EVERY year) and now “I told you so” let’s re-visit this I told you so in December.
@blackworldtraveler3711
Жыл бұрын
It’s not December.
@SuperEddietv
Жыл бұрын
They have come down in many markets. Still unaffordable. An hour and a half from Nashville, rundown, overgrown 1940s house, needs total restoration, 1.2 acres, 1.2 million. On the market for over 200 days. Tell me that isn't coming down....it dropped 200k since listing. Florida, still inflated with a stagnant market. Human warehouses going up everywhere to pack the suckers in.
@herbiehusker1889
Жыл бұрын
Inflation. Caused by money printing.
@orphancharmander1168
Жыл бұрын
No, Inflation is caused bye people having to much power, bye lying, stealing, and manipulating. That is why they print, to make prices go up, but bewear they are out of bullets, and its all coming down, and the people with pensions, houses, and money, are screwed, like a mf 😬🇩🇰❤️
@Bigbilly-ms9bn
Жыл бұрын
Yes.... corporations rising prices for no reason has nothing to do with it...
@agr-tech
Жыл бұрын
wrong, caused by shortages
@eshoo8000
Жыл бұрын
Inflation has eaten up all the money printed. It’s just greed right now, people live paycheck to paycheck now.
@GigaChad_169
Жыл бұрын
@@agr-techThese are not mutually exclusive reasons why house prices are high. The fact of the matter is there are shortages AND trillions of dollars of printed money has flooded the economy from the negligence of the Fed and Congress. The dollar isn’t worth what it used to be so you beed more if them to buy anything valuable. New construction of homes hasn’t kept up with demand in many metro areas. Its really an awful situation.
@Thurgor_Supreme
Жыл бұрын
The average middle classer has literally been priced out of the market, but prices are still going up? There's a disconnect somewhere
@user-mv9tt4st9k
Жыл бұрын
Not if the middle class buyer is willing to buy in a lesser kept or more modest area. The trick to that is getting the kiddos into an nicer school district: In California, kids may be enrolled in the district where a parent's/guardian's employer is. That works okay if the employer is in a nicer area and the buyer is willing to renovate/improve their property to increase value.
@karihosny9420
Жыл бұрын
Real Estate isn't coming down? We attempted to put our home on the market and they asked us to discount our home $50 to $60K from where we bought it. So yes, home prices peaked last year when we bought it.
@JGSH13
Жыл бұрын
Or you were one of the suckers he was talking about. You bought a house listed way too high.
@Jack-pd4ps
Жыл бұрын
@@JGSH13The real sucker is the people who believed he crash bros waited. I’m sure the landlords love the crash bros
@saleens330
Жыл бұрын
There’s shadow housing as well. They are not listing houses to increase the fear. But now it’s biting a lot of places in the butt cause of interest rates and credit tightening. Like mentioned..some areas the prices are dropping. Some places it’s the same. In my area, prices are dropping around $5K to $25K. With 80% of Americans saying they are living paycheck to paycheck, credit cards are maxed and all time high, ppl tapping their 401k’s to pay the bills or buy food…everything will fall. Wait till profits drop and the great layoffs begin.
@millertoyal
Жыл бұрын
I agree. Lots of shadow inventory. Also airbnb holders are under water.
@jayman3575
Жыл бұрын
The effects of what interest rates stabilize at over the next 4-6 years is what will heavily impact prices...
@brianmizway9324
Жыл бұрын
Truth is housing prices need to be cut 50% for anyone making 50-70,000 a yr to be able to afford a house anymore. I can't even afford the same house I used to have 20 yr years ago. $250,000 for a home used to be only for rich doctors. Now 250,000-300,000 is average? Thats bullshit. You might as well make the house a million dollars cuz no one gonna be able to afford it.
@rillawhat8142
Жыл бұрын
100% correct!!
@joesmith3590
Жыл бұрын
50-70k isn’t supposed to have a home. That is 1 person income easily. Homes are for families so x2 is 100k minimum. Sorry this is math women work now.
@oldtomplatz8862
6 ай бұрын
@@joesmith3590a single income used to be able to purchase a home. That’s not a thing anymore
@m16ty
Жыл бұрын
I don't know. I'm a real estate layman, but I see a crash coming that will make 08 pale in comparison. I see lots of people buying homes they can't afford. Now granted, this crash may be 5 plus years down the road, but I see it coming.
@onenikkione
Жыл бұрын
We just went thru a boom, so nice guess.
@BLdontM
Жыл бұрын
Are you someone who is hoping to buy a house soon and is telling yourself this to try to make yourself feel better? Keep telling yourself you'll swoop in on some badass 4 bedroom house for like 90k lol
@georgewagner7787
Жыл бұрын
I just got one for exactly 90k. It's a 3family though bc i need income after I retire. And I can't tell you where or the locals will be homeless
@jcherestal
Жыл бұрын
So what is keeling builderd from building? Interest rates have started to stablize
@YoPhocFays
Жыл бұрын
I love seeing dave do the "I told so" videos And then the comment section blows up with the haters
@SIGSEGV1337
Жыл бұрын
and then 3 months later the haters are proven right lol
@GigaChad_169
Жыл бұрын
Yeah, they should go for a drive in their Dodge Challenger with the 20% interest rate they’re paying on it and cool off🤣😂
@jimmymcgill6778
Жыл бұрын
He is wrong.
@rillawhat8142
Жыл бұрын
Time will tell
@trainsandlocomotives
Жыл бұрын
Lol the hater’s do come out
@sneakyquick
Жыл бұрын
For more than a decade interest rates were artificially low and prices went up. Now rates are high prices must come down one or the other has to happen. Proces will come down of rates do not come down.
@SteveSabbai
Жыл бұрын
Don't forget about the companies that were bulk buying houses and reselling them at an inflated price. They manipulated the market and priced a lot of people from being a home owner. Corporate Greed.
@dungeonmaster6292
Жыл бұрын
Everyone who owns a 401K, IRA, or REIT is complicit
@kyleinpa5285
Жыл бұрын
Corporations are supposed to make money, that’s the only reason they exist. The never would’ve been able to buy those houses without the Federal Reserve artificially having rates at zero. Blame The Fed, not companies trying to make profit
@dungeonmaster6292
Жыл бұрын
@@kyleinpa5285 i blame unprincipled people who only care about their bottom line. Which is the overwhelming majority of people
@kyleinpa5285
Жыл бұрын
@@dungeonmaster6292 Are you like a government worker or something? Every business is rightfully trying to maximize their bottom line
@edhcb9359
Жыл бұрын
@@dungeonmaster6292Please tell us all about the homes that you have sold below market value to be benevolent? 😂
@douglassmith9445
Жыл бұрын
Everyone in the comments are saying the opposite Dave. Looks like prices are actually coming down, not going up this time around.
@untouchable360x
Жыл бұрын
Fool me once, shame on you. Fool me, you can't get fooled again.
@rillawhat8142
Жыл бұрын
😅
@pt192
Жыл бұрын
In North DFW homes 500k+ are dropping massively. Seeing drops as much as 85k on a 650k home.
@Honeycomblife
Жыл бұрын
I bought small home outside of Houston in late 2015 ,my how have things have changed my little house value skyrocketed. I bought it at 95k they paid for my closing costs,washer,dryer refrigerator and stove included. Those were the days all i spent was 4k out of pocket for downpayment/inspection. As a simple dialysis tech 18 dollars an hour never worked overtime hours still traveled and did concerts and all that ,my only regret is not buying another property they had cheap condos too for under 55k now cars are that price yikes i wish others i known would of bought now they are just stuck trying to time the market. Everything can change though but we dont know. Wish American dreaam of 2015 -2019 was dtill possible today for others.
@christopherbaird4952
Жыл бұрын
What's your take on farm land? I think people are dumping cash there because it's "safe," but prices are so high that even good yields won't pay interest on a mortgage, let alone create profit within 1-2 lifetimes. Bubble? I want it to be, because I want to add some acres to my farm in the next decade or so.
@AdamSwensonRealtor
Жыл бұрын
Daves just selling leads to his realtor buddies for huge referal costs.
@katyedwards3935
Жыл бұрын
He is?
@concernedliberal4453
Жыл бұрын
Is the Wall Street Journal selling leads to their realtor buddies too?
@katyedwards3935
Жыл бұрын
@@concernedliberal4453 Uh yeah
@alinatamashevich3354
Жыл бұрын
@Adam, so you don't take a cut as well? Hypocrisy much?
@rillawhat8142
Жыл бұрын
👍🏾
@Ponderosa518
Жыл бұрын
They’re down 40% in Indianapolis.
@winterhavenfarmlife
Жыл бұрын
Hows the prices of commercial real estate doing?
@danielvalenzuela8814
Жыл бұрын
Everything is fine, nothing to worry about. 😉
@winterhavenfarmlife
Жыл бұрын
@@danielvalenzuela8814 you are awesome.
@MagMan4x4
Жыл бұрын
3 minutes of unskippable ads, KZitem is becoming unwatchable.
@Edlouis564
Жыл бұрын
just pay the 11 bucks a month
@MagMan4x4
Жыл бұрын
@@Edlouis564 no, that's $11 I can invest in something worthwhile.
@genzlegacy7988
6 ай бұрын
Here in tampa prices have doubled/tripled the last 5 years i bought a little too late in august 2022 and got a 5.5% rate for a $140k home which is now worth about $160k but am hoping i can refinance soon
@Natalieneptune469
Жыл 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.
@Patriciacraig599
Жыл бұрын
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
@PhilipMurray251
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.
@Robertgriffinne
Жыл бұрын
Do you mind sharing info on the adviser who assisted you?
@PhilipMurray251
Жыл бұрын
“NICOLE DESIREE SIMON” is the coach that guides me, She has years of financial market experience, you can use something else but for me her strategy works hence my result. She provides entry and exit point for the securities I focus on.
@Robertgriffinne
Жыл бұрын
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing..
@jessicastefanoff4304
Жыл бұрын
How long will it take for the market to return to "normal " or is it already there
@m16ty
Жыл бұрын
What's normal? I haven't seen normal since 2019, and I'm not sure it's coming back.
@XXnickles
Жыл бұрын
I think they had been that perception of a house market crash, but in my opinion house prices will go down without crashing. At this point in time is hard for majority of people to afford a house at this prices with this rates, but we will see
@blakeharrison3972
Жыл бұрын
But if rates go down prices go up
@XXnickles
Жыл бұрын
@@blakeharrison3972 absolutely agree. I think this is the item is going to screw all us all an people is begging for it
@curtphillipps7830
Жыл бұрын
There are sooooo many people waiting for a crash to enter the market if prices decline those waiting will enter the market bringing prices back up
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