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Yes, I saw that today when I went through it. That's crazy because it was freezing on my side but not his. We have top notch equipment and still can't figure this out.

@@TheEducatedHomebuyerNo worries- still love your content!

Yes, I saw that today when I went through it. That's crazy because it was freezing on my side but not his.

@ that’s okay keep doing good stuff! Thanks!

💯

😂

Let us know how you really feel 😂

Yeah. I can hardly wait. 🤮

The question to ponder.............do those people getting deported actually own homes or are they even potential buyers of homes?

@@TheEducatedHomebuyer It's even worse their renters can you imagine all the rent that people are no longer going to be able to collect it's going to be beautiful it's time for this to come to an end

based on my conversation with a buddy of mine who's a Realtor there, it's definitely softened. There are still pockets doing well but overall it's more balanced.

This doesn’t sound like the make America great again story to me! I dread these next four years.

@@nutritioncoachjo what does Donald Trump have to do with any of that ??

I won't speak for Jeb but I think it's not guaranteed to succeed but an intelligent outsiders perspective is needed. He's qualified on both fronts. I'm eager to see what can be done when you think change is possible. We can disagree on the solutions, but no one should argue there is a problem to solve.

You must live in rural Alabama or something.

No you are smart. People are stupid. Bought mine in Florida about 10 yrs ago for 127k. Just decent 3,2 with garage i can afford. Worth 3 times as much now but im fine where i am with my 2.9 rate.😅

I live in the third largest city in America. I buy houses that need a little work. People don’t do that. They typically want everything perfect.

@eliot5220 you dont have to do that. Mine had been fully renovated with new roof and all. I bought something less than i could afford. For example i wanted a 4 bedroom. I got 3. Cool. Still almost 1900 sq ft. More than enough room for 3 people. Huge backyard. I wanted 2 car garage. I got 1 car. Cool. At least i have garage. Can build a nice closed in carport in huge backyard. My thing was this: the house we purchased was only $38 month more than 2 bedroom apt at time. And walked into equity

@@karonwells8481 I’m an investor so I always look for property that needs work. I prefer to do that than struggle trying to pay a $500,000 mortgage for 30 years. I have a small house that I live in and a few duplexes I rent out. Altogether they are probably worth more than 500,000$ but I don’t have to pay for them and I don’t need to use any money from my little job to cover my own housing.

Material way to high and makes the price of the new home expensive ,lobbies damaging the root of the country.Greed

No one said anything about eliminating building codes and even the most pro big government tax and spender would need to acknowledge there is zero need for $100k in permitting and entitlements to build a home UNLESS you want a renter nation dependent on government subsidies.... 🤔 In states where permitting and entitlement are cheaper, more homes get built and they sell at lower prices. And magically they aren't ugly death traps with no parks or drainage.

@@TheEducatedHomebuyer I have bought 2 new construction homes and asked national builders/ construction managers about build quality. They will not put in 1 xtra nail if the code does not require it. Not sure where the money paid in fees ( $100K) to agencies goes. If they can account for it then I am OK.

​@@ashwiniphatak2746You're hearing what you want to hear. Nowhere in the episode or in any of these comments did anyone say anything about changing building codes? The codes are not what we're talking about when we say permits and entitlements cost $100,000.

T Bills were a one way ticket to nowhere for 15 years due to a low rate, low growth economy. For now, you can actually get a real return on your money. If the US economy slows that is unlikely to continue to be the case as rates will drop across the board.

Agreed. We said as much during the episode. Thanks for watching.

Hard to argue with that analysis. Thanks for watching.

But lots are already so small that new build houses are practically touching 😩

@LoganGraceHope We need smaller lots in Los Angeles to build more housing for families

Any debt?

It's a good position to be in. Congratulations!

You heard what you wanted to hear. We mentioned that after the 2017 tax changes, most Americans see no benefit to their tax bill from owning a home. We also explained the Trump tax cuts are set to expire and whoever won the election was going to have to negotiate new terms. It will impact the economy and housing, whether you understand it or not.

That's a fundamental misunderstanding of what President's can and should do. No American President would ever try to engineer a drop in home prices. Affordability is and will continue to be an issue for the next 4 years, just as it would have been under Kamala.

You want people to lose their equity. WHat about those who have bought homes in the last 4 years. They will get wiped out. They will not allow this to happen without electoral consequences.

@TheEducatedHomebuyer I don't think you understanding the American people then. The number one complaint was cost of living. Surely you must realize how tired people are getting with class inequities. Saying what you just stated just won't be accepted much longer. Trust me, I see a civil war brewing between the haves and have nots.

​​@@TheEducatedHomebuyerYeah no. Americans are done with excuses. That won't fly much longer seeing the frustration in poor red states

Hard to argue that double digit rates would lead to a re-pricing of assets. Also hard to see it happening. Go look at Federal debt and model an 8% Treasury yield and see what the annual deficit looks like. It wouldn't be a "problem," it would be catastrophic.

10% interest rates would bankrupt the government within a few years

Thanks for sharing your situation! At 27 with a strong income and no debt, you're actually way ahead of most people your age. What feels like being "behind" is actually a really strong financial foundation. I understand the hesitation around maintenance and high prices. The fact that you're paying $550/month in rent in an area you describe as "the hood" tells us you are OK sacrificing some personal comfort for improving your finances. That makes the gap between renting and owner even larger than others your age are feeling. No one can predict if prices will keep rising. All we can say is over the long haul, prices will continue to increase but that is not a guarantee over any shorter time horizon. We can say that trying to time the market perfectly often leads to missing out entirely. The key is buying when it's the right time in YOUR life, when you: - Have stable income - Have savings for down payment and maintenance - Plan to stay in an area 5+ years - Are ready for the responsibility With your strong financial position, you could likely qualify for a nice home in a good area. The monthly payment would be higher than $550, but you'd be building equity rather than paying someone else's mortgage. Ultimately, you're in a great position to make the best decision for you. Consider it a positive to have options.

You’re doing great. Consider house hacking to start. Bringing in roommates or buying a duplex and renting out one of the units is a great way to get in and manage the expenses. In the long run it’s worth it.

That's a popular media talking point. Generally made by people who have never visited a major national builders job site.

The issue is politicians of both stripes pushed Fannie and Freddie to make riskier and riskier loans, then pretended to have nothing to do with it when it came time for the bailout. Make common sense rules, get out of the way. That being said, we don't think it's reasonable to think rates won't increase in the absence of a government guarantee. Doesn't mean it's not the right thing to do, just that there is a cost to doing so.

Government intervention in the markets spiked the prices. That shouldn't have happened. They intervened too aggressively and for far too long. That doesn't mean the solution is the government intervening to force prices lower, for many reasons, several of which you pointed out. The most likely outcome is that home price appreciation underperforms for a significant amount of time. For more info/data, check out Bill McBride's article "7 Years in Purgatory" at his website Calculated Risk.

Glad you enjoyed it. We'll probably update it in Q1 when we get more clarity on actual policy proposals.

15% of refinance amt bc you still pay closing and down unless it's a cash out

We still believe the long term trend is for lower rates. It may take several months for that trend to materialize as there is a ton of market uncertainty and expectations about the new (old) administration. In terms of cost, you don't need anywhere near 15% of the refinance amount. There is no "down" on a refinance as you already have equity in your home. Most refinances are down between no cost, with a lender credit to cover all fees, to a max of 2-4% of the loan amount.

In Huntington Beach, we have a neighborhood that is zoned equestrian with a minimum lot size of a quarter acre. The state is proposing (forcing) 1000 low income apartment units for a parcel that just came on the market in that area. Is it NIMBY'ism for those who bought a home in an equestrian area to think there shouldn't be 1000 units built on a parcel expected to have about 60 homes? Most people are in favor of reasonable growth. And not in favor of shoehorning 3x density into areas that were never designed for it.

@@TheEducatedHomebuyeryes it is. This is the lie you tell yourself to feel better about yourself when it’s just NIMBY, you’re literally justifying the tendencies of narcissistic home owners.

As we discussed in the show, it's quite likely smaller renovation contractors are using undocumented labor. In terms of the vast majority of building being done by national builders, it's incredibly unlikely they would take that risk or that recent immigrants would be able to provide the type of skilled labor required. If you've been to Mexico, South and Central America, you know the homes built there are quite different than what new home builders provide in the US. There are probably many amazing craftsman in those countries, it doesn't appear those are the folks immigrating.

Actually, you gentlemen are talking to the 10% of America that is doing fairly well. The other 90% has has had a continuous slide of real income for 40+ years now due to "Trickle Down" and two additional trickle downs under Republican presidents. That trickle down money is currently funding the wealthy of this country buying up 20-30% of all residential housing that comes on the market, which will continue to create housing shortages for the masses and drive up prices. You want more polices that help you buy more housing you can rent out, that does not help the vast majority of the workforce, that can not afford to do anything. They are not paid anything, so they have no chance of ever being able to own a home. It is the "Greed is Good" capitalism of billionaires and you guys.