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 .
@Mrshuster
3 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.
@larrypaul-cw9nk
3 ай бұрын
if you are looking to invest in the stock market, I suggest you Consider a fiduciary with mortgage-backed securities knowledge for guidance. Prices today may look like dips tomorrow.
@sabastinenoah
3 ай бұрын
this sounds considerable! think you know any advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
@larrypaul-cw9nk
3 ай бұрын
Her name is “Vivian Carol Gioia” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
@sabastinenoah
3 ай бұрын
I just Googled her name and her website came up right away. It looks interesting so far. I'm going to send a mail to her and let you know how it goes.Thanks for sharing truly!
@nicolasbenson009
4 ай бұрын
I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?
@berniceburgos-
4 ай бұрын
"Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such task
@tatianastarcic
4 ай бұрын
Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.
@BridgetMiller-
4 ай бұрын
this sounds considerable! think you know any advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
@tatianastarcic
4 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 aiyears now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
@Michaelparker12
4 ай 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.
@Riggsnic_co
7 ай бұрын
I think a housing crash will happen because all those people who bought homes over asking price, although it was at a low interest rate, they are over their heads. They have no equity if the housing prices continue to go down, and if for whatever reason they cannot afford the house anymore and it goes into foreclosure because even if they try to sell, they will not make any money. I think this will happen to a lot of people especially with the massive layoff predicted for the future and the cost of living rising at a high speed.
@martingiavarini
7 ай бұрын
For 2023, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
@bob.weaver72
7 ай бұрын
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
@TheJackCain-84
7 ай бұрын
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
@martingiavarini
7 ай бұрын
Mind if I ask you to recommend this particular coach you using their service?
@TheJackCain-84
7 ай бұрын
'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
@bman6502
11 ай бұрын
Every 15 or so years we go thru a crash.. so we’re due for another one.. as long as we allow banks to get creative in loan writing, we’ll never escape this cycle…
@GillerHeston
11 ай бұрын
I believe the housing market has been highly overpriced. There are different factors. Some of it is more buyers than sellers. People get in bidding wars over a home. Most homes sell within 2 weeks. Then if you want land in the country between the rich folk and China who are paying way to much for property they make it impossible for average people to purchase in the country. It's going to implode because all the people who paid a premium for house's are a paycheck away from losing those homes. Look at the trucking company that just went out of business. How many of those employees will lose their homes. Look at other big companies that announced layoffs. Housing will be taking a big hit and prices will drop.
@rogerwheelers4322
11 ай бұрын
I bought a house with cash in 2021. The insurance and property taxes have doubled since then, and now costs more than I ever paid in rent in my life. I feel that I would be better off living in a studio apartment in a warehouse again and investing the money in anything else.
@joshbarney114
11 ай бұрын
Investing in stocks can be a wise decision, especially if you have a dependable trading system that can lead to successful outcomes. Personally, I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2021 this time with guidance of a financial advisor. Long story short, its been 2years now and I’ve gained over a million dollars following guidance from my investment adviser.
@FabioOdelega876
11 ай бұрын
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same. Is there any chance you could recommend who you work with?
@joshbarney114
11 ай бұрын
I definitely share your sentiment about these firms. When I was starting out, I checked out a couple of freelance investors online, so you could do the same. I personally work with “Colleen Janie Towe”, and she's is widely recognized for her proficiency and expertise in the financial market. With a comprehensive knowledge of portfolio diversification, she is acknowledged as an authority in this field. Most likely, her deets can be found on the net, so you can confirm yourself.
@FabioOdelega876
11 ай бұрын
I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look Colleen up and send her a message. You've truly motivated me. God's blessings on you.
@earlhammond9810
11 ай бұрын
It is not only the cost of borrowing that is going up, it is also the cost of insurance and increased property taxes. The cost of living is rising a lot faster than incomes. This is a combination punch not just a jab.
@dougpeters1625
3 ай бұрын
Bingo.
@mgreg8134
2 ай бұрын
I wish you guys would stop using property taxes as reason, property taxes go up in correlation to the value of the home. The percentage they are calculated at does not go up unless voters vote for it, at least in my state. And then they have to do it through special levies. Once again the financial markets have falsely inflated the cost of housing with hedge funds like Blackstone buying up single family homes to speculate with or charging rents no one can afford, so the houses sit vacant.
@jameswood9772
6 ай бұрын
Housing crisis triggers a market crash or a financial crisis, it could send shockwaves through the stock markets worldwide. I’m worried about my investment of over $600K stocks. Is this a time to consider diversifying my portfolios?
@chris-pj7rk
6 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!
@williamyejun8508
6 ай бұрын
Investing in stocks can be a wise decision, especially if you have a dependable trading system that can lead to successful outcomes. Personally, I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2021 this time with guidance of a financial advisor. Long story short, its been 2years now and I’ve gained over a million dollars following guidance from my investment adviser.
@jameswood9772
6 ай бұрын
Mind if I ask you to recommend this particular coach you using their service?
@jameswood9772
6 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.
@thinkingoutloud6741
6 ай бұрын
@@chris-pj7rkjust recognize what you’re describing is called gambling.
@avenger1212
11 ай бұрын
Doesn't it seem a bit ironic that Berkshire bought so much stock in home builders just recently?
@ThatMans-anAnimal
11 ай бұрын
Not ironic at all when you understand the nature and intent of many economic predictions (sales and marketing).
@nuno1007
11 ай бұрын
I wouldn't say "recently" they opened those positions in the second quarter...
@thesoccertrotter1
11 ай бұрын
Home builders not flippers or existing real estate
@danman1287
11 ай бұрын
Yeah he also own banks n jet stocks when he so at the low
@victorburnett6329
11 ай бұрын
That's because owners of built homes refinanced at 3% and will not be selling for a long time while interest rates stay high. Even when prices crash, they will hold on to their mortgages, because their rate is so good. That means the only new inventory coming to the market will be new housing, so homebuilders are paradoxically a good investment even while prices decline because at the margin newly built homes will be the only ones coming to market. That said, there is a swathe of investor-owned homes, airbnb homes, etc. which have already been built and will compete with homebuilder inventory once prices decline, but homebuilders are already getting ahead of this by offering better interest rates through their own financing, so those investor owned homes will have to have their prices decline even further to compensate for the higher interest rates vis a vis homebuilder mortgages.
@twilliams42
11 ай бұрын
If you're planning on holding long term, it isn't really anything to freak out over. Even with a crash, real estate still has a net appreciation over time that always meets or exceeds inflation
@LaFonteCheVi
6 ай бұрын
You vastly under-estimate the world we are entering into. The whole sit and hold investing philosophy is coming to and end. We are entering into a world of chaos, unpredictability, and global decline. Nothing that has been seen in over 100 years.
@ap774
5 ай бұрын
I bought in 2008, worst time and watched my home value go from $500k to $400k by 2009 which is a 20% drop. But I held on and now my home is worth $1.5M so you’re right that long term there’s nothing to worry about. If I didn’t buy then it’s very likely I couldn’t now. Even if homes drop 20% again it would probably take 3-4 years to go back up 20% with even a moderate 3-4% growth compounded each year which isn’t a long time.
@mgreg8134
2 ай бұрын
The average American family moves every 5 years if you bought a house during a huge rise in value and try to sell it during a huge downfall in pricing, like we are beginning to see, you wind up upside down in your loan. This happened to my buddy during the 2008 crash I told him to wait to buy a house a house until the bubble burst but he didn't listen.
@istvanpraha
11 ай бұрын
Now feels worse in NY. Back in 2007 regular working adults bought home. Now dual income executives are buying working class suburban row houses in average areas. It’s actually insane
@longWriter
11 ай бұрын
Dual-income _executives_ are getting ordinary houses? Who's getting the high-end places, in that case?? Overseas royalty???
@LilyGazou
11 ай бұрын
Chinese
@davidgreally4391
11 ай бұрын
Exactly the same in Ireland. It is orchestrated deliberately for the benefit of banks and investors.
@joeldiaz5857
11 ай бұрын
So true----
@ChickenIandlEggs
11 ай бұрын
Literally.. my buddy works as an engineering manager at Google in NYC and his wife is the ‘breadwinner’ doing her engineering consulting business. They both come from a lot of money (just short of trust fund level). The best they could do was a place an hour away from their offices in NJ for almost a million.
@SamuelTheHumanArm
11 ай бұрын
Here in MA prices just seem to keep going up, we got 800 square foot homes going for over half million dollars right now I have no clue who is able to afford this?
@msk3905
5 ай бұрын
Yup I looked at a property back in 2017 that sold for $790k, it’s on the market right now for $2.1 million.
@donaldwatson51
11 ай бұрын
In spite of how everyone is frightened and calling the crash, there is already an excessive amount of demand waiting to absorb it, which is another reason it's less likely to happen that way. This forecast was not made in 2008, at least not by the general public, as I will explain below. The ownership rate peaked in 2004, according to the other comment. We reached a peak in the second quarter of 2020 and are currently at the median level. From 2008 to 2012, it fell by 3%, and in the second quarter of 2020, it dropped from 68 to 65.
@mikeharry96
11 ай бұрын
Because they are accustomed to bull markets, most people find it difficult to handle a decline, but if you know where to look and what to do, you can earn significantly. Yes, depending on how you want to enter and leave.
@danieljackson87
11 ай бұрын
Given that we are not used to such volatile markets, the fact that the US stock market has been on its longest bull run in history helps to explain the widespread fear and enthusiasm. There are chances if you know where to look, as you noted when I earned more than $780k in the prior ten months. I hired a portfolio advisor because I knew I would need a solid plan to get through these difficult times.
@andrewlogan7737
11 ай бұрын
@@danieljackson87 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.
@danieljackson87
11 ай бұрын
It was run by Julie Anne Hoover, who I learned about and got in touch with thanks to a CNBC interview. Since then, it has served as the point of entry and departure for the games we have emphasized. A search on the internet can be done if tracking is necessary.
@svencejohanson9051
9 ай бұрын
Well - in summary - was creating false demand by loaning anyone that could breath - money, until they defaulted. The false ratings of the derivatives based on those loans hid the issue of default while it snowballed.
@Jasonshelton-
5 ай бұрын
I’m a new dad, I moved to the Bay Area a few years ago and I’m thinking of purchasing a single family home, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? I heard Nvidia and AMD are strong buys.
@DaveMccarthy896
5 ай бұрын
it’s a personal decision, but according to Forbes, housing activities will remain stagnant for the most part of the year, so maybe hold off a little.
@Olivia-z5c
5 ай бұрын
well you could put a downpayment on a home and as well diversify as much as you can into Ai and pharm. stocks like Pfizer and JnJ.
@Elizabethwells-q7f
5 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.
@jeffharing
11 ай бұрын
This market is NOT similar to 2008. Back then you could get a loan by fogging a mirror, 100% financing was easy to get and Wall Street was funding all of this speculation by packaging the risky loans into “safe” investments. There was so much speculation that major brokerage houses folded. When the market dropped those that had money invested in their homes (0 down purchases) had no problem walking away. We don’t have that issue now. Also what’s different now is that we had record low interest rates 2-3 years ago. Yes, that drove up prices as people were able to afford more BUT everybody else re-financed their mortgages at 2% - 3% and those people now have great loans and lots of equity. They are certainly not walking away from their homes if/when the market drops. This is why we will have a soft drop in pricing as inflation & high mortgage rates keep sales down. Tell me where I am wrong. 😊
@zeekflash6924
11 ай бұрын
I’ve noticed, many KZitemrs are pushing the narrative of a crash to get clicks , they k ow that , a crash like 2008 , isn’t gonna happen because , rates are high and homeowners will not sell there 2-3% rates that may never happen again , u can just use a heloc to tap into your equity
@as17ns22
11 ай бұрын
I generally think you are right, but what is different now from 2008 is the short-term rental market (basically Airbnb). If and when investor owners fold and sell these properties due to higher interest rates and tighter margins, it will flood the market with fresh supply/inventory, which will put a damper on demand. You are probably right that existing residential owners (who actually live in their properties) will not sell even if the market dips, but valuations do still have the real possibility of falling significantly if a lot of supply from investor/spec market comes online in short order. I think the issue today is not that there has been a bunch of stupid lending, but that there is a bunch of stupid uses of real estate (mostly short-term rental and speculative investing). If that no longer becomes a worthwhile venture, it's not that the loans will go bad, but that these investors will sell en masse and valuations will fall. I don't think anyone is right or wrong here. We're all guessing what might happen. But I think some guesses are more plausible than others.
@jonathantaylor6926
11 ай бұрын
You are correct, this isn't exactly like 2008- but it's similar. The difference this time vs 2008 is massive investor/institutional buying of residential RE. At some point, X% bond yield, investors leave RE for the safety and ease of the bond markets. What is X% and will we hit X% is the real question. It's not hard to understand why investors weren't interested in a 10 year bond paying 0.65%. Are they interested at 4.55% where we are today? 5%? 7%? 12%? In 2006/7 and now the thinking was that RE only goes up and a hiking cycle, very similar to the one we are in right now, started in 2004 and ended in August of 2006... but back then we didn't have 15 years of ultra-low rates preceding the hike. So there are major differences between then and now the question is will those differences create a repeat of 2008 or worse, or entirely prevent a repeat of 2008.
@jeffharing
11 ай бұрын
@@jonathantaylor6926 There are too many home owners that have low rates on their mortgages and plenty of equity. They will not walk away from their homes. As I said before, we don't have all of the risky mortgages that were in the 2003-2006 market. People have had to put their own money into the purchase. Also they had to provide good credit & job history. The amateur speculation factor is not present in this market. Back in 2005 - you could walk into Countrywide and get 100% financing with a 1% start rate and no proof of income. Many thought that they could get rich quick. I've been in real estate for 40 years. Seen the cycles come and go. What goes up must come down, then repeat. So we will have a drop but not so severe as so-called knowledgeable people think. It's normal. What I think we will see is lots of instability in the stock market as almost everything is overpriced. A correction is long overdue. When that happens we will have fallout in every sector, including housing. The institutional investors will remain in housing because of the relative stability it provides. Cash flow is king. And those thousands of rental properties those major investors purchased are providing cash flow.
@beejdailey9824
11 ай бұрын
Correct...different fundamentals today than 2008. Hard to get a mortgage today, people purchasing now actually have good income, no more "liar loans". I wonder how many people predicting a crash don't own any property, and are really just hoping for a crash to get in the market.
@stevenrowlandson9650
11 ай бұрын
If people didn't learn anything in 2008 they certainly will not learn anything from another real estate crash. They don't want to believe that real estate is just a place to live and should never be an investment.
@user-ph5ur3qi3r
11 ай бұрын
Specially USA which is endless land and trees. These houses are nothing that bubble. Poor material from China, and all wood structure. We have no limitation for land either. So these prices are absolute BS
@livingart2576
11 ай бұрын
Scam investors guys. Please ignore them
@kelblueskies3937
11 ай бұрын
Banks just get free tax dollars again.
@TERlNG
11 ай бұрын
@PatrickWalter234i was waiting for the financial advisor bit. These scam interactions are getting boring
@microsoft790
11 ай бұрын
That’s my sentiment on it. The Japanese housing market is stable as can be and the builders still make money, why can’t we be like them? Because we won’t give up the idea that a house should appreciate while it’s falling apart.
@ethanmiller5430
11 ай бұрын
Did I miss the part where Buffet says "What's coming is worse than a housing crash"?
@almetcalf
11 ай бұрын
NO. Clickbait crap! Block the channel, absolutely don't give it a thumbs up.
@phillips8366
11 ай бұрын
Lmaooooo what clickbait bullshit. Misinformation this bad should be penalized…
@SOCALHD
11 ай бұрын
It's really ridiculous.
@Neruss27
11 ай бұрын
I stopped watching after 30 seconds, realized it is the same thing these KZitemrs are saying past 5 years
@J0einOK
11 ай бұрын
I missed it too. No lending is what is going on in my world, not dumb lending.
@gym7144
11 ай бұрын
That probably isnt a bubble, as the Federal Government printed money during 2020 it meant assets worth more than money went up in price Land, housing and infrastructure are never going to be worthless, all your looking at is the adjustment to the new inflated norm.
@brianoleson9224
11 ай бұрын
the bubble started in 2011 ... cheapest money borrowing helped bring in investors that's how you make a bubble reduced supply and then now your seeing a rug pull as we go into recession the most likely case is a crash similar to stock market its a game they bought in when its good and if the recession isnt just a recession but a crisis it will be bad enough they sell those properties and we see the most supply in a decade
@mlc7million
11 ай бұрын
You know it’s speculative investing masking as demand, then driving demand. Because how does a 300K home in 2019 list for 1.4M in 2023? That’s a 466% increase. This has been really happening and corporations purchased 1M+ homes over the last years, that’s on average 200K homes a year over that time. Well there’s your market forces, significantly reducing the number of homes available to the traditional buyers, with I Buyer companies assessing homes way over the assessed prices. This is 100% speculative based pricing.
@Jakereviewsall
11 ай бұрын
I have been patiently waiting a couple of years now to see prices come back down, I hope for a market cleanse and I wish they would stop allowing investors to invest and buy so much.
@jaydonovan2155
11 ай бұрын
Stop allowing investors? You do know we live in a supposed “free market” relative to RE purchases
@allegorx58
11 ай бұрын
@@jaydonovan2155So it can’t be a free market without chinese mega corporations buying up homes that should belong to americans?
@alexdepauw5604
11 ай бұрын
@@jaydonovan2155they said stop allowing investors to buy “so much”. Could you not complete their sentence or are you just looking to argue?
@jaydonovan2155
11 ай бұрын
@@alexdepauw5604 go back to business school. Allowing? Much? It’s called the free market
@paulcorrea1613
10 ай бұрын
He's talking about corporations buying huge numbers of houses I think.
@srqpdq6697
11 ай бұрын
Except this time Buffet just bought a HUGE position is Lennar Home Builders !
@brianreddick1474
11 ай бұрын
And I believe they are taking a heavy position in the “build to rent” communities.
@mrbuckmeister
11 ай бұрын
The current investors aren't flippers. They are investing in rentals.
@RARochester
11 ай бұрын
Correct !!!
@Emmy-J
7 ай бұрын
Which no one can afford
@BeckyJusto
11 ай бұрын
I have yet to see anything happen in Miami market. I hope you're right because this has been insane and unfair to regular people wanting to purchase a normal priced home.
@Justamillenialworkinmomma
11 ай бұрын
I don’t think it’s going to happen in Miami. I thought so before but now maybe just a small correction
@77jaycube69
11 ай бұрын
I wouldn't bank on it. There are deep pocket investors that are waiting for the market to crash. They have cash on hand so interest rates mean little to them. Their plan is to buy as much as they can for pennies on the dollar. Which in turn will price out the average person, if their savings hasn't already been wiped out.
@Justamillenialworkinmomma
11 ай бұрын
@@77jaycube69 That is why they are encouraging us and telling us on youtube not to buy so the prices come down lol
@ImMeandYouAreYou6942
11 ай бұрын
“Unfair”. Tell us you got participation trophies without showing us your participation trophies.
@RyGuyTheAVGuy
11 ай бұрын
this guy screams real estate collapse weekly, don't hold your breath, he has NO idea what will really happen.
@LivingWithGout
11 ай бұрын
8 trillions in money printing and you get the everything-bubble.
@beauroode7844
11 ай бұрын
Charlie Munger's head movement reminds me of the bear in the band at show-biz Pizza in the late 80's😂. Like a bobble head on the dash of a taxi cab😭.
@condomadness3223
11 ай бұрын
In my condo community, we went from 10% rentals in 2008 to 75% rentals due to so many owner occupants walking away from their units. Today, we're a condo community in name only. It's very difficult to maintain stability within the community; •Parking lot overflow •5,6,7,8 people in a unit •Unauthorized occupants •Pest Control issues •Trash chutes overflowing •Common area deterioration We're still feeling the end result of the 2008 housing crash. I purchased 3 condos in the community after the crash: $24k, $44k, and 28k. Those units produce $55k in income, and the equity today is $550k. I finally moved out due to all the issues. I simply have to look at it as a revenue source and provide nice housing.
@skinrat81374
10 ай бұрын
So what you’re saying is you are part of the problem?
@Terrible_name
10 ай бұрын
Hey bud why did you purchase 3 condos? Are you 3 people with a single shared hive-mind style consciousness, or are you buying multiple homes for the purpose of renting them out, which is the ENTIRE CAUSE of the housing crisis and lack of stability?
@condomadness3223
10 ай бұрын
I purchased 3 condos because I had the cash to do so. When nearly 40% of the owners in the community walked away from their condos from 2009 to 2011, the Association wasn't collecting enough in condo monthly dues to operate the business. The condo community had no choice but to allow the sale of the empty units to investors (like myself and many others) and utilize the units for rentals. Due to the housing crash of 2008, many condo communities today have more renters than owner occupants. The Association survived, but it will never be a condo community with 90% owner occupants ever again. It's very difficult to maintain aesthetic and operational stability in a condo community that's mostly occupied with tenants, not owners. I do my best to provide nice housing by renovating my units and attending to the needs of my renters. I personally look at the community now as equity and monthly passive income. The fault was Bill Clinton rescinding the Glass-Stegal Act, greedy lenders lending money to home owners who didn't qualify for a loan, and politicians telling the American people that it was an entitlement for everyone to be a home owner. To this day when I tell people that I purchased a condo near downtown on a lake for $24k, they're shocked. That's how bad it was in South Florida once everything collapsed. It was once in a generation investment opportunity.
@Terrible_name
10 ай бұрын
@@condomadness3223 so... you got lucky and purchased property, and now instead of selling that property back to the people you're keeping ownership of it and renting it out, while also complaining about how bad it is that so many people are renting homes instead of owning them? Do you not see that people are renting because people like you are the ones who own? Sell the homes to the tenants. Now they're owner occupied. It's pretty obvious stuff Go find a young stable couple looking for a place to live and sell it to them for 38k. You made a 50% profit plus the profits you made in the interim renting it out.
@condomadness3223
10 ай бұрын
@Terrible_name I wouldn't call it lucky. It was 2009, and the economy and housing market were in shambles. I had a great paying job that was unaffected by the Great Recession, and at 44 years old, I had my life savings sitting in cash. I took around 80% of my cash and placed it in the stock market and purchased properties at distressed prices. Those of us who purchased properties in our condo community - including a significant number of immigrant and 1st generation South American investors - actually saved the condo community from bankruptcy. I didn't create the 2008 Great Recession, I was smart enough to be a beneficiary of the crash. "When things are bad, be aggressive, when things are good, be cautious." "Time in the market is your greatest asset." -Warren Buffet If you're in your 20s or 30s, start investing monthly in S&P 500 index funds, and if you have a job with a 401(k), try to put in the MAX allowable from your paycheck. It's easier now to become a millionaire in America because the younger generation have the information of the world in the palm of their hand and easier access to investing.
@jeffarcher400
11 ай бұрын
We only build 1.2 million housing units per year. Over 6 million people entered the country in the last two years.
@luceca
11 ай бұрын
And there are over 16 million vacant homes in the US. Sounds like you want them to build more homes so we can compete with China's 50 Million vacant homes huh. We should stop being so greedy.
@h.hickenanaduk8622
4 ай бұрын
That's 6 people per unit. And?
@hughjass1044
11 ай бұрын
I remember many people at the time saying that not a thing had been learned, not a thing had changed and that it would all happen again and both much worse than before and much sooner than people think. It's looking a lot like they were right. I never really suspected that they weren't.
@HeartOfAustin
11 ай бұрын
We are seeing a much longer inventory in Austin about 4 months compared to 1 month a year ago, but it isn't an over supply issue, it's a lack of buyers. People who 'over paid' did get a great rate so even at the higher price their monthly payment is still probably lower than buying at slightly lower prices with much higher interest rates. I think we will slowly deflate without a big crash because to crash would require a lot of people to sell, and only buyers in 2021-2022 are possibly under water now. Home equity overall is still very high. It's hard to predict exactly what will happen, but this downturn which is completely normal will be less dramatic than 2008. Of course I could be wrong.
@jimapplegate3523
10 ай бұрын
A lot of it will depend on employment. If more homeowners become unemployed & are unable to make payments, the lender becomes the new owner. The longer the lender owns the home, the more motivated they get to “get it off the books”. That’s when prices really begin to show significant decline!
@JohnSBlackman
10 ай бұрын
So far jobs have held up really well.
@CookieCurls
6 ай бұрын
@@jimapplegate3523unfortunately not true at all. They don’t want to get it off the books, they want to own the house, and they want to rent it out.
@NKNYM15
11 ай бұрын
The last three houses in my area barely lasted a week on the market before they got multiple offers over asking. One of them had led paint and asbestos tiles in the basement and still over asking. If there is a crash coming there are zero signs of it in my area.
@littlelandon4320
11 ай бұрын
Same thing in my area, those house are now up for rent for $3000 a month
@user-gc6jk3ww1s
11 ай бұрын
@@littlelandon4320let's see if they get rented out...
@marlonmarlon3496
11 ай бұрын
It was no sign in 2008 neither
@jefferysterner
11 ай бұрын
Properties regularly getting multiple offers over asking IS the telltale sign of an impending crash, because it's the signature of a massive bubble just like 2006. However, in 2006 it was just euphoria with people being led to believe they could afford much more than they actually could. This time it's more like a ponzi situation and there's going to be some real sorry bag holders.
@Cali4nian
11 ай бұрын
Same here.. bought my house in March of 2023 for 728K, in a short 6 months the price has gone up to 831K. These guys are delusional calling for a crash. Hopeful idiots.
@jonathantaylor6926
11 ай бұрын
Low bond yields (10 year UST 0.65%) pushed hundreds of billions of dollars into real estate- capital that would have ordinarily been invested in the bond markets. As a result, builders couldn't keep up. It takes months or years to build a house and add supply but that house can be purchased and consumed in a near instant- however long it takes an investor to write a check. Investors effectively cornered the RE market. But investor activity cuts both ways. When a normal person sells a house that money doesn't leave the RE sector, it is used to buy a different house. When a home owner sells they add supply but also corresponding demand when they buy their new home. Investor selling is the polar opposite. They often have more than one house to sell... some could potentially sell several thousand units, but add zero demand. The money leaves the real estate sector entirely for alternative investments such as bonds which are now paying significantly higher yields. IMO the only thing holding back a tidal wave of investor selling is capital gains taxes.
@tomdonovan4842
11 ай бұрын
Excellent logic
@longWriter
11 ай бұрын
I just looked up whether capital gains taxes apply to real estate, and they can indeed. Wow. The price of housing would go down drastically by removing a tax, even if only temporarily. Of course, the prices might go so far down that there'd _be_ no capital gains _to_ tax...
@jonathantaylor6926
11 ай бұрын
@@longWriter People also depreciate the structure over the years. This helps lower their taxes by creating a deduction during ownership of the rental.. however that also increases your basis when you go to sell..
@Brenda-in8bd
11 ай бұрын
This sounds about right .
@calebdavis1323
9 ай бұрын
The only intelligent comment I’ve seen on this post. Lots of day traders and Real Estate mogul wannabes spouting nonsense trying to make themselves feel better about buying a $350K property that was worth $100K 8 years ago. What you said is exactly what I’ve been trying to tell people since the bubble started. My favorite part is when Real Estate Agents try to question my credibility and paint it like I’m just pulling info out of my ass, love the look on their faces when I tell them I have a BS and MS in Economics.
@opiston
11 ай бұрын
First, at least spell Warren Buffett name correctly if you want to use his name for clicks. Secondly, that interview was such a long time ago and you are just using it to prove your point... it's disingenuous
@AlderaansRanger
11 ай бұрын
Waren Bufett!!😂😂😂
@keitha.9788
11 ай бұрын
One major problem with 2007 era was that loans were being made to ordinary people that clearly could not afford the loans. Government regulators instigated this policy - remember Barney Frank and Nanci Pelosi clearly stating that "everybody has a right to own a home". Owning a home is not a right, period. You have to be able to afford it....
@danman1287
11 ай бұрын
It's all the same... speculators...investors
@oldarkie3880
11 ай бұрын
It started with the Community reinvestment act of Jimmy Carter
@danman1287
11 ай бұрын
this is all the Fed's fault rate repression not that@@oldarkie3880
@freeamerican3275
11 ай бұрын
In all seriousness your right but i do believe everyone should have a home of some sort but all that is another can of worms lol. God bless
@barnabusdoyle4930
11 ай бұрын
Bankers were making fat bonuses selling loans to people they knew couldn’t afford the house. The loan officer faces no consequences for giving out bad loans and instead go rewarded for it by the government
@JustJigit
11 ай бұрын
I’m hopping the same will happen for Vehicle sales. Crazy times…used vehicles with over 120k miles still selling above $30k. New vehicles that used to be $40k now $60k+.
@Rodaportal
11 ай бұрын
It's intriguing to reflect on the events leading up to the housing crash of 2008. The real estate landscape then and now indeed presents different challenges. 🏠 The current situation is more about supply shortages and high interest rates rather than the loose lending we saw back then. However, it's essential to remember that housing is not just about investment; it's a place to call home, and that dynamic shouldn't be overlooked. 🏡📈 Keep an eye on the market, but let's hope for a balanced and sustainable real estate future. 🌟
@traviscole6889
11 ай бұрын
😊😊
@metermatch
11 ай бұрын
I agree with what you have written, but also I think the danger now is still real, just different. If we have an economic downturn, mom and pop living in their house likely won't be affected, they still need a place to live. But much of what has been purchased in this boom cycle was by investors. They will be quick to dump losing investments, which could dramatically increase supply, triggering a cascading effect of downward prices. I am keeping track of how well air BnB's are doing. Most of those are investment properties. If there is going to be a bloodbath, it will likely begin here.
@SuperWiz666
11 ай бұрын
Forget about housing. That's nothing. We are talking about the financial collapse of the global banking system. Countries and major banks and multinational corporate failures. This could easily make the 1930's and our 2002-2008 problems combined look like mosquito bites.
@nolongerblocked6210
11 ай бұрын
What you mentioned about owning housing as an investment is what's crushing China right now. America is going to feel that same pain but in the commercial property sector. So many banks/funds have empty commercial buildings that are valued far above their actual worth. There's over a trillion in commercial loans due in the next few years... it's only a matter of time ⏳️⌛️💥💥💥
@IrfannPathan911
11 ай бұрын
@@SuperWiz666 How? What makes you say that?
@stevenwalker4923
6 ай бұрын
The main difference between then and now is that homes were being built. There haven't been enough homes to keep up with demand for at least a decade.
@Maguirehook
5 ай бұрын
I usually look up your videos for updates! Our government has no idea how people are suffering these days. I feel for people with disabilities not getting the help they deserve. Thank you mrs Amelia jason , imagine investing $12,000 and received $305,500.
@Maguirehook
5 ай бұрын
Have you not heard of mrs Amelia jason ?
@Maguirehook
5 ай бұрын
She has this skill of making complex crypto concepts easy to understand and is truly commendable.
@Starkham
5 ай бұрын
I'm new at this, please how can I reach her ??
@Maguirehook
5 ай бұрын
*She's on telegrams mostly, using the user name.*
@Maguirehook
5 ай бұрын
@AmeliaJason11… that’s it
@kevinlee6672
11 ай бұрын
When home price in low income area are pushing $1 million you know a crash is coming!
@ja1505
11 ай бұрын
As a realtor, it feels like it did back in 2008 I refuse to work with investors. These people make it impossible for average workers to afford these older homes that they buy & flip at inflated prices.
@jamesgibson4100
6 ай бұрын
I agree with what Buffet is saying, what is coming is possibly the end of our Nation as we know it. The 'housing crash' is only going to be a small splinter of the stake that will be driven into our heart.
@tdogg8291
11 ай бұрын
There won't be a housing crash this time around, maybe an eventual correction, but not crash like 2008. The fundamentals that have caused price increases in 2008 and nowadays are completely different.. 08 was a problem with huge demand for housing at extremely low interest rates given to anyone with a heart beat. The market today has a huge supply issue with high interest rates. There isn't a lot of demand for housing right now, but there's a massive under supply of homes which keeps prices high. The only way prices will come down is if people start losing their jobs and unemployment sky rockets. Then yes, we will have a housing crash, but if that happens, everyone will be in a world of pain. And usually it's ordinary people like you and me that will suffer, not the big investors. A catch 22 if you ask me..
@JohnJohnCrusher
11 ай бұрын
The thing is, it's always something you don't see coming. Of course it's not going to be the exact same scenario as last time
@IvanGorokhov80
11 ай бұрын
bro you make too much sense for most commenters under this video :) Your comment has 5 likes and dumb comments have 60-140 likes. lol
@robertcarey3383
11 ай бұрын
The rapid increase in housing prices was fueled by interest rates at ridiculously low levels and commodities related to the cost of home building at ridiculously high levels, now that both of these conditions have reversed...... you are going to see a rapid decrease in the prices of houses.
@KingFergus
11 ай бұрын
You're high. Almost %90 of the population is completely priced out of the housing market. The vast majority of homes are at least %30 over valued and some are as much as %60 . You are parroting what the speculators are saying and they're about to lose their asses
@marcussmith4913
11 ай бұрын
yes thats right we suffer the middle class... always suffer because they are screwing us over to become wealthy.
@lulabellegnostic8402
11 ай бұрын
The crisis will be worse than 2008. Because it’s not just a question of unaffordable mortgage repayments. It’s flight of home owners to locations that are not overrun by lawlessness: homeless, drug users & dealers and illegals. Abandoned cities where property can’t be given away.
@phild8095
11 ай бұрын
I know people who are retiring and still have years to pay on their mortgage. They have big houses, 3 car garage, some with bubble mortgages. We don't care about our home value as we plan on leaving in body bags. Our mortgage is paid, we garden, have fruit trees, bushes and vines. If our heirs get any of it, good for them.
@peternorthrup6274
11 ай бұрын
Same here. Are home is going to pay for the nursing home. No joke. That's the plan anyway.
@bukboefidun9096
11 ай бұрын
Same for us. We will move to the downstairs guest suite and call it a life.
@MargaretAnderson-ti1sw
11 ай бұрын
The next generation of kids won't be inheriting their parents' home.
@bukboefidun9096
11 ай бұрын
@@MargaretAnderson-ti1sw yes, their parents' house will be communal
@khrystleooo6994
11 ай бұрын
I’m deciding NOW to either buy my sister out of OUR PARENTS (we were lucky, we had two parents) home or sell our parents home, and my husband and I would move out and start again. It’s a hard decision.
@NorthernKitty
11 ай бұрын
Seems to me the problem of speculative buying could be solved if the profits from the sale of residential property was heavily taxed if you didn't actually live in the home as your residence for a substantial percentage of time during ownership.
@77jaycube69
11 ай бұрын
It already is. Capitol gains taxes will eat up profits if you're not careful. But there are legal work arounds and loop holes.
@sailingaeolus
11 ай бұрын
In Vegas, owner occupied homes max 3% property tax increase whereas 8% for investor owned.
@Westcoastrocksduh
11 ай бұрын
Crashes in real estate never happen fast compared to other markets
@RoadTripTravel
11 ай бұрын
What about the fact that BlackRock, Vanguard and others are buying up all the residential real estate?
@jessicasquire
11 ай бұрын
If you are properly prepared and knowledgeable, every crash/collapse/inflation or recession gives an equal market opportunity. I've seen folks amass up to $800,000 throughout crises and even do it with ease in a terrible economy. Without a doubt, someone has become enormously wealthy as a result of the crash.
@patrickbrussels4454
11 ай бұрын
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
@Erikkurilla01
11 ай бұрын
A lot of folks downplay the role of advisors 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 licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
@Lemariecooper
11 ай бұрын
@@Erikkurilla01 Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.
@Erikkurilla01
11 ай бұрын
@@Lemariecooper *STEPHANIE KOPP MEEKS* is the advisor that oversees my portfolio. She's been able to gain some reputation and online recognition with over 3 decades in service, so it shouldn't be a hassle to find basic info.
@johnl9977
11 ай бұрын
With all the tax cuts Republicans have given the wealthy, everything that comes on the market they will buy, helping to keep prices stable. They have way, way more money than they know what to do with, and know that cash is trash due the fact that we don't tax the wealthy, just run up the deficits. It is the "trickle down" thing where the object is for the upper 10% to own everything, the bottom 90% live hand to mouth and rent.
@collinbradford8866
5 ай бұрын
Housing real estate shouldnt be an investment. Its supposed to be a commodity like groceries.
@imunchienandalusia
11 ай бұрын
What i'm seeing in PA is that everything is too expensive. I've worked since i was in high school and made decent money after i got out of the Navy- but i'm not able to save much right now. I'm having to learn to be extremely frugal just to put a little into savings. I even worked to pay off my debt two years ago. My goal was to save, max out 401k and retire a bit early but i don't think that is happening.
@paulsmith4118
11 ай бұрын
Im in lehigh pa area and its ridiculous. New yorkers are buying these houses cash even now.
@joycewright5386
11 ай бұрын
Don’t give up. I had planned to retire in 2008 but lost 50% of my life savings. I had to work 8 more years but I got it all back and now happily retired and debt free.
@imunchienandalusia
11 ай бұрын
@@paulsmith4118 that's what happened to me in Nashville. I had these people from CA give me a cash offer for my little house so i took that money and moved up to PGH thinking it would be cheaper and i could kick back a little. But between inflation and taxes, I barely broke even. I legit don't know how poor people are making it right now. Or even paycheck to paycheck people.
@christopherrichards1025
11 ай бұрын
@@paulsmith4118 Yea, that's me. Retired early and left Long Island. Lehigh valley is like Long Island LITE! While house prices, cost of living and taxes are on the high side, it doesn't compare to LI. Sorry for driving up home prices.
@christopherrichards1025
11 ай бұрын
Just stay out of debt. Drive a beater car and don't get divorced and you will be fine.
@JonSmith531
11 ай бұрын
It's not just 'speculators'. It's everyone. A mortgage with a small percentage down is an option. That's it. Everyone who buys a house is wanting to have that sweet sweet 'equity'. What would prices of houses be if there were no mortgages? Ask yourself this.
@TheDiamoniteG
11 ай бұрын
probably the same. people selling would be in a cash market if this was the way it was, and people with too much money or leverage would still buy high and try to sell higher. i would guess that it would just take longer to bubble but eventually still would all the same.
@glowwurm9365
11 ай бұрын
@@TheDiamoniteGNo if they couldn’t leverage up to buy them they’d be significantly lower…
@flight1513
11 ай бұрын
I'd venture to guess most houses would sell for about 25% - 35% of what they sell for right now if not for the 30 year mortgage. So a $400K house in your scenario would be 'worth' about $100-$125K.
@motrock93b
11 ай бұрын
The real price of a house for most buyers is the monthly payment. With interest rates rapidly rising on mortgages, this "monthly price" of a house has recently risen dramatically, even in declining markets. It's still early in the cycle, but once more people are underwater on their homes and need to liquidate, we very likely will see large home price declines. Prices are relatively stable at the moment, because people are just staying put in their paid off homes, or those purchased with low interest rate loans which were available until 2022. With interest rates double what they were less than two years ago, eventually more and more people will resort to "exotic" financing. ARM's, or builder buy downs for the first few years will keep prices afloat for only so long. Not all homes can be bought for cash with foreign money, so this backstop for prices will likely be eventually overridden by the true economic reality that many won't be able to afford the homes they recently purchased. And many "investors" will have little incentive to remain in deals where they're underwater on the deals. I don't have a crystal ball, but to me it just seems like we're in the calm before the storm.
@JonSmith531
11 ай бұрын
@@motrock93b this makes sense and I agree with you. One thing that could make this happen much sooner is job losses.
@lakelvp
11 ай бұрын
Thank you for acknowledging that this bubble dynamic is the SAME as the 1987 and 2006 bubble dynamic. Instead of "liar loans" we now have DSCA loans. Instead of "subprime" we now have even higher debt to income ratios and instead of rampant development we have .... ummmm . . Rampant development with endless "but theres no inventory!!!" repetition. This bubble implosion is shaping up to be much worse than the 2006 bubble implosion and likely worse than 1929.
@Coffeendonuts
8 ай бұрын
In 1987 median price was up from the 1986 price of 73k to 80k. 1988 median price was 86k. There was no re crash in 1987.
@lakelvp
7 ай бұрын
@@Coffeendonuts I have a tulip bulb to sell you. The 1987 bubble collapsed into falling house prices in California for much of the 1990s. What NEVER changes are cognitive biases that rationalize mass financial suicide by 1. Denying bubbles exist and 2. Saying it is different this time/place. Those biases are built in. Being oblivious to them is the price of admission to western economics. The cost of gaslighting people in your community is well understood.
@sokratzmmf
11 ай бұрын
Americans living a life of overconsumption. Living in sprawling suburbs with multiple cars/trucks and big houses. It’s unsustainable with resource scarcity becoming more and more real.
@Davitofrito
11 ай бұрын
What scarcity? We have vast resources and people aren't having kids. Boomers are dying off. What we have are millions of people jumping the border. Money printer at full tilt. I don't wanna live in some shack or apartment block. I don't trust neighbors or random people. I want my gf and daughter to have a home that is their own. That can stay in the family. That's ours.
@PsychicSoulJourney
11 ай бұрын
You know what's more unsustainable? Tax payers paying for 100 million illegal immigrants 😢
@Casey-summer
11 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.
@Gallo-firestone
11 ай бұрын
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
@lilyhershey1
11 ай бұрын
You are right! I’ve diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.
@louie-rose7
11 ай бұрын
*@kristenpierce8661* Do you mind sharing info on the adviser who assisted you?
@lilyhershey1
11 ай бұрын
Camille Alicia Garcia 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.
@louie-rose7
11 ай 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..
@robertbush3867
11 ай бұрын
The affordability index is the worst it's ever been. What does that mean? If you're overextended and the values drop, you can't get out. In addition, corporate investors will eventually drop properties en mass once values start slipping, accelerating the slide.
@adammarcusxi
11 ай бұрын
Greed will always end badly.
@carlcolvin8320
6 ай бұрын
In Reno Nv you cannot touch a house for under $ 450,000.00 as of this date. 2012 you could get a house for $ 220,000.00 back then locals still could not afford it.
@sting_grayl
10 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?
@AddilynTuffin
10 ай бұрын
Having an investment adviser is the best way to go about the stock market right now, especially for near retirees and newbies, I've been in touch with a coach for awhile now mostly and I made over $800K within a short time
@PotBellyPete69
10 ай бұрын
Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
@AddilynTuffin
10 ай бұрын
My consultant is *Sharon Louise Count* She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision.
@SlutGdanteChosenOneSwinger14
10 ай бұрын
Amazon stocks, Gold stocks, Silver stocks, not tesla. Electric vehicles are short lived thing, and not good. Fact. Look at stocks that are high right now, and put money on those. There are websites where it shows the highest stocks.
@user-ob4em4ge6c
11 ай бұрын
Home values are declining rapidly in Massachusetts, and New York.
@uday5412
11 ай бұрын
“Dumb lending to greedy people” - Amen.
@patriciaherlevi6217
6 ай бұрын
The house prices in Pittsburgh have been rising rapidly, depending on the neighborhood. There are speculative real estate, too many Airbnbs belonging to investors, and neighborhoods being gentrified at rapid speed. It's not sustainable. In Vermont, during the pandemic, wealthy people from Boston and Manhattan were paying cash for houses, well above the asking price. This left Vermont with a tight housing market. I don't know if Vermont has recovered.
@cjg6364
11 ай бұрын
It's really not that complicated. EVERYTHING is tied to the job market. Housing prices overall ultimately must reflect an average buyers ability to pay for a home. The affordability of property taxes, insurance, or interest rates really doesn't matter when basic monthly payments are beyond the reach of a typical salary. When that happens, the housing market essentially comes to a grinding halt. You can have a fine new home that cost $500k to build and sits on a lot that cost $300k. But if the pool of buyers capable of spending $3500 a month dries up - so does your home's "value". We saw a massive foreclosure crisis in 2008. We're headed for a much larger and deeper crisis over the next year or two. Only this time, an unprecedented correction in commercial real estate values will have devastating effects that last a lot longer than the previous "Great Recession".
@Coffeendonuts
8 ай бұрын
Average people aren’t buying homes. On a national level in 2023 the average credit score is 740, average down payment is 13% (median price 431k, down payment is 52k). The average person doesn’t have 1000$ in the bank. People making 20% over the median are buying. Low and middle income people are assed out.
@thomasjones2067
2 күн бұрын
Housing Insurance and taxes are also a huge factor. It varies by State and County obviously. The trend is devastating.
@maxsmith111
11 ай бұрын
It's interesting because although there is a lot of suffering for the average consumer, these types of crashes can cleanse toxic investors using short-term strategies for personal gain from the market. Ideally such investors wake up from such events and take a longer-term view, but it's amazing how stubborn some people can be.
@polina_piter
11 ай бұрын
I disagree. It may cleanse certain investors but there are always others waiting to rush in. There's a heck of a lot of money out there (thanks to the invisible money tree located in Washington)
@maxsmith111
11 ай бұрын
Sure, hawkish investors waiting to pick up the low price real estate during a crash, I get it.
@nolongerblocked6210
11 ай бұрын
@@polina_piter I disagree, I don't think there's as much money "out there" as you believe. Over 65% of the country is living paycheck to paycheck, while the top 1% gained trillions since covid started. So the only money "out there" is in the hands of the people already involved/invested.. sure there's going to be vultures picking the bones of any crash, but not nearly the amount there was in '08
@polina_piter
11 ай бұрын
@@nolongerblocked6210 Not for ordinary people, no. But the Fed has has created $7.34 TRILLION since 2008. "The value of the balance sheet of the Federal Reserve increased significantly overall since 2007, when it stood at roughly 0.9 trillion U.S. dollars. As of July 26, 2023, the Federal Reserve had roughly 8.24 trillion U.S. dollars of assets on its balance sheet. The most dramatic increases took place in 2008 and in the first half of 2020. These can be traced back to two events: the 2008 financial crisis and the COVID-19 pandemic"
@willdehne1
11 ай бұрын
We live in a small town in central Florida. Several of our neighbors decided to sell their homes and move elsewhere. I predicted tough selling based on YT videos. Screaming the end is near because of high prices and high mortgage rates. The homes here were sold within days of the offer at full asking price. Many of these YT videos are clickbait, exaggerations and just simply wrong. Including this one. What Buffet said in 2006 is not relevant today.
@willdehne1
11 ай бұрын
Agreed. I expected a problem due to high mortgage and high price compared to what we paid 2012. Not yet. @@JB-ri6zp
@luxurylife7464
11 ай бұрын
I would have to agree. Everyone is screaming “crash this” or “crash is coming”. Easiest way to sell and get a click, is by using fear. Do your own analysis. Check with your agent and stay informed through a professional. Not a Joe from KZitem.
@williamyejun8508
10 ай бұрын
’m closing in on retirement, and I'd love to move from Minnesota to a warmer climate, but home prices are ridiculous now, and mortgage price skyrocketing on a roll... do I wait for a crash, or go ahead and buy house anyways?
@jameswood9772
10 ай бұрын
Agreed, instead of panic or following a hearsay, I simply adopted the service of an advisor early 2020 amid covid-outbreak, and so far, I've attained my most measurable financial milestone of $650k after subsequent investments.
@OneNTwentyOneMillion
11 ай бұрын
Not sure if i agree. There is no catalyst for a huge sell off. Why would investors sell now? Why would anybody sell now to be honest? Are there more and more foreclosures? The conditions are not even close to 2007. The only thing holding it back is the interest rate hikes. Once those come down then another huge spike in price.
@benmiller3358
11 ай бұрын
Once again, the major differences between 2007 and 2023 is now we have a massive lack of inventory which will keep prices high and we have tighter lending rules preventing sub-prime mortgages being issued. The only way this bubble will burst is if we somehow experience MASSIVE job losses.
@savinghistory642
11 ай бұрын
biden is workingon it as hard as he can
@aolvaar8792
11 ай бұрын
2 million houses went to the second home market, boomers buying at ~2-3% interest. I'm retired with a $214/mo mortgage. no bubble burst
@bman6502
11 ай бұрын
@@savinghistory642you tool.. unemployment is at historic lows, he’s building up our infrastructure again which is the best thing we can do to keep our economy moving forward… Hey when Trump was in office Republicans gave massive tax breaks to the top 1% and even then most CEOs told Trump that they would not invest in capital improvements, but returned that money to their top shareholders, which is exactly what they did..
@craigjones4810
11 ай бұрын
@@bman6502 No, he isn't. And why can't you libs make an argument without bringing up Trump?
@JasonSmith-wj2ht
11 ай бұрын
@@bman6502 You mean he's building other nations infrastructure. Trillions are flowing out of the US with zero benefit to the American taxpayer.
@GEN_X_
10 ай бұрын
Exactly! It's not like 2008! It's worse! Homes were overvalued because of rush buying during COVID, Interest rates are up, insurance is up, inflation is up! credit is tightening up and it will only get worse! Can't wait to buy another house next year and i'll be low balling every offer by 50-100K! The price that these homes are actually worth! And most buyers are like me and will never pay your overinflated prices! Game is finished!
@oldarkie3880
11 ай бұрын
In case nobody knows, the current (Sept. 2023) national debt is $33 Trillion. That equates to over $250,000 for every taxpayer, over $92,000 for every man woman and child. This will not end well.
@secretbunnyninja
11 ай бұрын
Boomers been saying this for like 50 years. Stop watching Fox News, or even pretending that you even remotely understand the basics of finance when statistically you likely don't. Thankfully the Ghoul that owns that particular Australian conglomerate is finally retiring. This is what happens when you let foreign Billionaires with Media empires into the US to destroy journalistic standards.
@joycewright5386
11 ай бұрын
Yes I’ve been saying this for a while and no one seems to care.
@sscalercourtney5486
9 ай бұрын
If you are a buyer, you want housing prices to fall. If you are a seller, you want housing prices to rise.
@joshhoward1289
11 ай бұрын
People may stop paying but they aren’t going to leave their homes.
@daveraven4044
9 ай бұрын
California in the 90s incomplete new homes we're torn down because they couldn't be sold. In 2007 my home built in the 60s was appraised at 600k. In 2010 it sold for 350k. Upside down sale of home and divorce ruined my credit and finances.I've been homeles and working since 2018. Saving money and staying out of debt. Tried to buy a home in 2016 but my price range was being bought up with cash offers and bidding wars. I recently got a new home to live in. Not in California . New home 200k 1466 sq feet on a 6000sq foot lot. 10k credit from builder. I put a large down payment . The 10k credit paid for closing costs and fees. Got 6.625% interest rate on fixed mortgage. P&I $640 a month. No debt other than the mortgage . Interior of home is not top quality finish. Foundation and framing are solid. I checked homes out in different phases of construction.Good enough to to possibly survive the top of the next financial crisis. If it all falls apart I can go back to working and homeless. My job won't go away in the food supply chain because people still need to eat .
@fabkav
11 ай бұрын
Correct me if I'm wrong, but I believe the house flippers got out of the market a while back when interest rates went up. There might be a few laggards, but they are mostly out now. The problem of a crash in price is that a lot o buyers are locked in a 30yr loan with a very low interest rate, so if the price of their home hits the bottom, they can just sit there forever, which will keep the house inventory low.
@Rigidflex17
11 ай бұрын
2.5% and less than rent on a 2 bedroom apartment. Short of a unexpected airstrike I ain't moving.
@TheTruth-cg8vj
11 ай бұрын
I wonder what Warren and Munger think of Canadian RE, where everything sells for 3X as much and people make half as much compared to the states.
@kevinkasimov651
11 ай бұрын
This video wasted my time. A clickbait title stated as if this would give new information. Unsubscribed and disliked.
@SpeakTruthBeKind
11 ай бұрын
Spokane Washington had a housing bubble in 2022 where homes were selling for OVER asking price usually investors of corporations as well as those wanting to flip homes and those moving into the area from cities where they had sold and done well. Those moving here from out of state probably thought the homes in our area reasonably priced compared to where they were from. Sadly houses weren’t available for families from our area who found it difficult to be able to compete with these inflated offers. In fact Coeur d’Alene, ID and Post Falls, ID also went through this bubble - they are more of a resort city. There was a news article stating because of this surge in growth there, the city wanted to hire more police officers, but those officers found they wouldn’t be able to afford a home in the area! The influx of people moving to the Spokane area also caused house rentals including condominiums to take a huge jump, similar to what went on over in Seattle. Of course all these apartment buildings are being ‘managed’ so you can’t talk to a regular person…this was being passed down from the ‘top’. Those apartment leases coming due for example the landlords told a young man his one bedroom apartment was going to go up $500. It might be ok if they did something beside just paint the walls but they had no intention of making any improvements. In looking at new house listings (something I like to do) I’ve been watching homes under $550,000 suddenly dropping in price from $25,000 to $45,000 but who wants to pay those high interest rates? Higher end homes are dropping even more. Along with these high home sales came higher home taxes, but do you believe those taxes will drop with the house prices dropping? I think not. It’s pathetic what greed lower income families have to put up with. 😢
@jbetnar
10 ай бұрын
This is true. A friend of mine lives in CDA.
@missinformed9550
10 ай бұрын
Purchased in 2009 at a great price. Could not afford my house now and rents are sky high. Short term rentals are taking up regular housing, which affects employment and employers, as rentals are scarce and beyond affordable for most regular renters. Chinese corporations are among the foreign investors causing this mess. 😢
@scottg247
11 ай бұрын
Also, buffet recently invested in home builders so I’d say that’s a sign he doesn’t see weakness in the housing market
@50red510
11 ай бұрын
I'd argue that he probably expects a crash in home values but inventory will stay low. So he bought a building company on the expectation that those that already own a house won't sell and the building sector will be the only ones creating supply.
@scottg247
11 ай бұрын
Never seen anyone put it that way and I’d say that’s a great perspective, and let’s pray that’s what happens!
@lc285
11 ай бұрын
With airbnb's are being taxed or made illegal in many cities, the new builds not being recorded on builders books, and the over building new builds sitting empty, prices will drop. Buffet Berkshire is the private buffer backstop for the stock market.
@natalieoj3078
11 ай бұрын
It's all about timing and he's more than aware of the ups and downs
@quietlike
11 ай бұрын
@@50red510already happening. Plus new homes have those inerest rate buydowns and offers resellers cant match
@CRYMEARIVER-S4
11 ай бұрын
Cats dont know anything about insurance what a great commerical makes me wonder why a cat would know anything about insurance.
@JohnJohnCrusher
11 ай бұрын
Cats are gods
@roddywoods8130
11 ай бұрын
We all know that prices of almost everything aren’t coming down. Simply put, they're rising less. Costs are rising due to rising inflation. As we are evidently at the verge of hyperinflation, with the less haves bearing the brunt of the burden. I'm more concerned that the rising inflation may lead my entire $990k retirement funds to lose value. Where else could we put our cash?
@selenajack2036
11 ай бұрын
I would say the fin-market, but it is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on any shares/ETF you focus on.
@kaylawood9053
11 ай бұрын
Well, since COVID, it has become more difficult to create a strong financial portfolio, I advise you to create a diversification strategy. My coworker advised me to see a consultant. I did, and because to my advisor's assistance throughout this market fall, I actually gained almost $926K in profits. Despite the ups and downs, she employs defensive methods to safeguard my portfolio and generate gains.
@bsetdays6784
11 ай бұрын
Really? I’ve actually been looking to switch to an advisor for a while now. Just never made up my mind. Any help pointing me to who your advisor is?
@kaylawood9053
11 ай бұрын
Sure. There are a lot of independent advisors you might look into. But I only work with MRS MARISOL CORODOVA and we have been working together for nearly four years. She has since provided entry and exit points on the securities I concentrate on. She's well-grounded and known, shouldn't be a hassle finding her page.
@MarcusStevens-jx9pe
11 ай бұрын
The real powers that be are trying to destabilize the country(really the world).....not the Dems, Rep, or Libs. Not the poor or the rich(though the enemy does use the rich). It's the war between good and evil. Jesus is fighting for the hearts of men and so is The Adversary👿. Which side are you really on?🤔
@jasonpence7969
11 ай бұрын
Cash was king in the current "bubble", so that's much different to the sub-prime bubble of 2002-2006.
@mailtojarriya
11 ай бұрын
In New York and New Jersey price is going up like no end in sight
@Fatima3i782
11 ай бұрын
Agree..I hope it will cool down.
@krhenderson1
8 ай бұрын
If you conclude that "something's gotta give" with regard to low inventory of homes yet unaffordable money that is preventing people from buying, the "something" is the 3x margins on the home that was bought 6 years ago.
@lavoisier2815
11 ай бұрын
What i like about Warren Buffett is he applies common sense and Logic when evaluating things.
@vincentagliam1200
11 ай бұрын
The way homes and properties are valued needs to change.
@davidneidel436
11 ай бұрын
When we had the credit for anyone for amounts greater than they could afford, we bought the idea of home ownership above what we could afford and with the balloon payments. I got out of it as quickly as I could and paid off my home in half the time it was set up for, paying more on the principal and not the interest. People have not planned for any major economic downturn and instead living pay check to pay check. A business professor told us to pay yourself first, meaning put money back each pay day and keep it for emergencies only. I paid off all my debt and now use cash to pay for virtually every thing I purchase. If you are looking at owning more for your home than what you can get for it and don't believe you can afford to pay for it, get some advice now before it's too late and you loose everything.
@JasonSmith-wj2ht
11 ай бұрын
People fail to plan for inflation. The average consumer is incredibly short-sighted & has a poor memory. If you don't have a 10% surplus in your budget today, you will likely be hemorrhaging money in a year or two. And once they realize it, they are usually too trapped in debt to get out.
@davidneidel436
11 ай бұрын
@@JasonSmith-wj2ht Very true statement.
@acousticide
11 ай бұрын
I live in summerlin las vegas and been telling my wife prices are gonna drop30%. I look in zillow and redfin and my house is up 18%... what? Thinking of selling it
@RARochester
11 ай бұрын
If you sell you'll never be able to buy in the foreseeable future.
@greywolf271
11 ай бұрын
This was supposed to happen 1 year ago, 7 months ago, 4 months ago. still waiting for the Year of Destruction
@Cristian_M_
7 ай бұрын
You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K in a meme coin from just a few months ago and now they are multimillionaires.,. ,,.
@terrycarter1137
11 ай бұрын
I see overall property prices in my rural area creeping up.
@idahodawn75
11 ай бұрын
Here where I am they are at a stand still not going up but slowly going down not a lot but slowly going down
@jayschultz202
11 ай бұрын
Honestly, I will return to the US from Manila next August, so a collapse would be good for me. An 08 housing market crash when people were buying million dollar homes for 500k in Vegas is right what I need.
@user-jy5yz1ek3f
7 ай бұрын
It's ok to have an 8 percent interest on a home at 250.000 but not when that same home sells for 580 .000 your looking to loose 200.000 plus interest over time
@stujersey8108
11 ай бұрын
That bubble was fueled by new construction. Increasing the supply of houses. This bubble is fueled by lack of housing. These are the prices.
@rachegreenrg
11 ай бұрын
Not lack of houses in the US . 27 millions sit empty. 1 person=1 house .
@RussellD11
11 ай бұрын
the big difference i see is that Rents did not go up in 2008's bubble like todays bubble... And that makes things MUCH different, I'm just not sure what it creates.... It will be interesting for sure..
@apersonontheinternet8006
11 ай бұрын
Yea they did.
@christinajurado9180
11 ай бұрын
The majority of Americans find it difficult to retire comfortably due to the weakening economy. To answer the question of whether you would pay down your mortgage as you get closer to retirement or spread your assets out for income flow so you can keep your lifestyle, consider the fact that some people have absolutely no money saved for retirement.
@filipxavier1041
11 ай бұрын
The answer to this issue, like most investing related ones, varies. My best recommendation is to take advice management into consideration.
@mariasimpson9628
11 ай бұрын
The importance of advisors cannot be contested, only disregarded. When my portfolio, which was wortharound $300k at the time of the covid outbreak, took a little hit in the early 2020s, reportedly as a result of the pandemic crash, I immediately sought advice from a financial expertto prevent panic- selling. As of right now, only because I properly delegated my excesses, has my account produced enormous fat dividends and leverages on seven figures.
@christinajurado9180
11 ай бұрын
Interesting. How can I contact your Asset-coach as my portfolio is dwindling?
@mariasimpson9628
11 ай бұрын
Well My Financial adviser is Camille Anne Hector she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
@albertbrian6448
11 ай бұрын
Wow This is really mind blowing, I never thought i would ever come across someone who also knows and works with Mrs Camille, She is my personal trader and i have been working with her for about two years now and i can say she is the greatest gift i ever got.
@soeffner6833
10 ай бұрын
The disconnect comes from the difference in valuation. Investment firms are looking at dollar value. Home buyers are looking at construction and property utility value. As long as corporations are allowed in the home market, home buyers are screwed.
@sabrinadimarco1844
11 ай бұрын
In my housing market, lenders have been very careful with who they lend to because they learned from ‘08. A home still has to appraise and if it doesn’t that loan will not get approved. I see a lot more responsibility this time around.
@JD-so1zv
11 ай бұрын
Yea but you’re forgetting a tonnnnn of real estate investors use Hard money loans or “creative financing” Look up some big KZitem real estate investors and they all will be pushing the same thing “buy a house with low or no money down with bad credit via hard money” It’s almost an epidemic. But yea they do it for flips
@dac1720
11 ай бұрын
Agree. This feels NOTHING like 2008. Gotta get clicks tho, I guess.
@nikulas91
11 ай бұрын
@@JD-so1zvthat’s not the majority of the market. The majority of the people who are able to buy homes are putting minimum 20% down and most of them bought at low interest rates or refinanced at a lower rate… of course homes are over priced but low inventory and inflation are still driving up the market. I’m sure their will be a correction but we won’t see a 2008 style market collapse
@gustavoramos2441
11 ай бұрын
@@JD-so1zv do you also understand those investors can turn it into a rental and pay off the Hard Money Loan with a DSCR Loan. Right now we are in a Renters Market and will be till rates start to fall.
@matthodel946
11 ай бұрын
Sounds like a story.
@sozno4222
5 ай бұрын
Agree with much of it but it doesn’t account for a tight supply side. That is very different than 2006-2007 where there were hundreds of new condo ans home developments across cities
@allen2zulu
11 ай бұрын
same exact thing is happening - year over year flips of 30-50% increase and hoping they are not the last to hold the bag. Every woman on Instagram is a real estate agent
@evinchester7820
11 ай бұрын
I live in Texas. Prices are dropping. People moved here and bought because of the prices. Many were transferred here due to their jobs. If they came from California or New York, they bought because it was better than renting. Thing is, this caused the prices to jump. And the interest rates were low. Now they are up to where they were in early 2001. Bush and company cut interest rats and taxes. But Bush's war debt came due in April 2021 to the tune of $8.8 Trillion dollars. And we are in a recession. And a lot of people paid inflated prices for those houses and they are upside-down with them. Just like back in 2008-12. Seems they won't learn. I'm looking to buy, but will hold off for the GOP's gov. shut down and see how it goes.
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