-Set up a trust in minutes (Enjoy the benefits of privacy and placing your property in a trust today) - Use code GRAHAM For 10% Off: - www.getdynasty.com/?linkId=lp_565170&sourceId=graham-stephan&tenantId=getdynasty -Here is a link containing the source material for each piece of research cited. I do my best to make my videos as accurate as I can, and the additional resources should help anyone who wants to look into them further - enjoy! docs.google.com/spreadsheets/d/1Os8ZBu2o0KgXAJOpgFmqWCxF271wiCHQRJCW_d_vNTU/edit?usp=sharing
Hilder allows you to express your fears and she still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. she is really cool.
Graham what are the rules for the trust as I was told if I placed a home that has a mortgage in a trust the bank can call the loan can you verify this please and thank you.
I paid up all my mortgages in 2yrs while working with a Financial Adviser. I’m 50 and my husband 54 we are both retired with over $3 million in net worth and no debts. We got to realize that the secret to financial freedom is making better investments.
Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
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?
"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
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Let's get this straight.. the government printed loads of money in 2020 which was followed by rising cost of living and housing prices. Then they raised interest rates to "fight inflation" making it even more unaffordable to buy homes. Now they're proposing to give more handouts to home buyers taken from tax payers and additional money printing.
@@pedro722462008 “crash” only went down on average home value 20-30%. If that happens today before home values return to normal rate of growth it would only be 2-3 years before they’re back to where they’re at now.
Property tax for residential land is insane to me. you work your whole life to afford a down payment for a 20-30 year loan. and even after you pay all that off you owe the state tens of thousands a year in perpetuity. why do we put up with this?!?!?
@@ComplicatedLADYcom__Blog in some cases if you cannot afford to stay it might be best to move or downsize. Everyone here wants the biggest houses and fancy cars. Then complains about the higher costs.
@galupproperties3098 except that there is litteraly no way to predict what property tax will be 30 years from now because it's an artificial cost imposed by the state
One day soon, this bubble of pure greed is going to burst. Sellers are being greedy (and have no other choice but to sell high) realtors are lying,and the gov doesn't care... life's gonna balance all of this out... watch.
Watching TH-camrs doesn’t make you financially sound. They’re humans just like us. Better pull up those charts and pick up those books and get to work.
@@RJTradess No, like I said he made my interest in finance. He sparked it, began it, made it. He did not make me financially literate I never said that.
As a single person in their mid 20s, owning a home without throwing myself into lifelong debt seems practically impossible. I've done what I was told: I did well in school and graduated with a STEM degree, but still graduated with $80k in debt. I have a good job and live well within my means, contribute to a roth IRA, paid off my car, make sizable payments towards my loan and very rarely go out. I've done everything I'm supposed to; so why does something like owning a home seem so far out of reach? Even if I save absolutely everything outside of required expenses, it'll take YEARS to save for a down payment on a home.
This is so real. As someone lucky to be able to afford buying a house right now at 30, it's only because I lived frugally with roommates for years to save to make it feasible with a decent paying job from a college degree. I'm was lucky to not have a large amount of loan debt from school that is paid off now. Even with all that, I feel like it's hard to find a decent home I can reasonably afford right now with a large down payment. I have no idea how anyone who isn't debt free and doesn't have a good paying job could afford it on a single income, it's impossible. You either need a significant other or roommates to afford a house right now and even then it's probably rough...
A $10k credit will just raise the value of the home by $10k. The only solution is building more affordable houses and apartments. There is too much focus on McMansions and Luxury apartments. Also there are so many damn luxury apartments that aren't even luxury, they just advertise as such and then increase their rent.
Housing is insane. Where we live we make too much to qualify for any of these programs, but make no where near to purchase a home even with 20% down unless we want to be house poor.
That's the idea, they are making it so only people who definitely can't afford a house are the only people buying, they set the trap, they will pull the trigger after next election and liquidate everyone
I’m a home builder in Florida and you are absolutely correct. There’s not enough profit in moderate to small houses for it to be worth the risk. And building houses is generally a high risk endeavor. Everything is about money in relation to risk. You’re spot on Graham, if home builders had less risk or more incentives we would build more starter homes.
Yes, I’m not clear on how building a small home is a risk? Especially in Florida, with a major housing supply issue, it seems like you could easily sell the house. The risk would be on the bank making the mortgage loan to your buyer.
buying a house seems like a Friggin trap right now... unless you get it for way under market. all this will do it drive prices up in a market with no inventory.
Hey, I just wanted to say that I've been watching your videos since 2019. I had a crippling alcohol addiction and was living in poverty. I was in government housing, and I had to panhandle to pay for my alcohol. Now, I'm 15 months clean and looking for any type of work I can get. I want to buy an apartment building one day.
Congratulations on getting clean!! Keep up the great work. I have no doubt you can do it. If you haven’t already, “think and grow rich” and “the big book on rental property investing” are both totally worth the read!
Idea: -> Building your own house can potentially make home ownership possible for some folks in certain locations and situations (of course it would be too expensive in big cities, however in some suburbs and rural areas it might work if you own or can buy land/lot). Something to consider and look into for some people. Many states do not require a contractor license to build your own home. A general contractor license is easy to get if needed. I know a dozen people who have built their own homes over the years. I built mine recently, acting as the contractor and doing a minor amount of the work. Saved a ton of money, plus didn’t have to finance that additional cost for xx years. No one is born knowing how to build a house; you just have to learn how to do it and figure it out (talk to builders, read books, watch videos). Just a thought.
Gosh but dealing with permits and each county has strict building codes - DO YOUR RESEARCH before buying random plots of land. I wish it were this easy, the building is the easiest part and that says A LOT!
Nothing brings down prices quite like pumping even more Monopoly money into a low supply market. I’ve said over and over again that we need to teach basic economics in schools but we might actually need to begin with DC and our government officials
I agree with your ending statement. You need to incentivize low income and starter housing of any kind. House, condo, apartments, tiny homes, whatever. But it has to make sense to the developers before they are willing to build it. You can’t ask a company to go out of business because you need more housing. Help them, they will build more. It’s that simple.
We don’t need more starter homes. There are already loads of tract homes builder grade everywhere and giving more incentives to build blight won’t fix anything. Building more premium housing and allowing people to move into that frees up all of the homes those people are already in. One of the things we need most is quality housing for gen x empty nesters to downsize into. Because there is no quality small housing for these empty nesters they stay in homes way too large for them.
i'm in CA in the Ventura area, combined my GF and i gross around 120k, we have enough for 20% down on any house we would like but with the average house between 650k-800k its not realistic for us to afford the mortgage. gotta love it.
Lower down payments or even lower interest rates aren't the problem nowadays. The prices are just too damn high. I'm checking out property in Fort Lauderdale this week and I've seen a dozen properties today alone that were bought 1-2 years ago for something like $4M and the sellers are asking like $5.5M. In WHAT WORLD do you see appreciation like that? It doesn't make any sense.
Agree with the downpayment, but rates are killing us here in Colorado. Same thing, we see $250K houses selling for $800K+ I went to buy a ranch and realized the rate would mean I would be paying for the property 3.5 times once the mortgage was paid off. It's a $600k property on the market for nearly $2 million - there's no way I'm going to pay that!
You see appreciation like that in a world where presidents of both parties run immense deficits and the central bank keeps real interest rates negative or close to zero.
WA, Tacoma is horrible hilltop. I have five kids struggled paying rent being terminated on my lease because two hundred max late on rent for two br 2000$ no housing. For 18 yrs and still struggling no help plus divination w blacks with children. I'm not the only one from my area struggling and had similar story
I work in the mortgage industry and I've felt for quite awhile that something needs to be done about title insurance costs. I know it's necessary but it's rare that you even need it and the cost seems to drastically outweigh the worth
Graham - the solution you propose of carrying a current mortgage with you to a new property is called “porting” a mortgage. Apparently it’s common in other countries but virtually non-existent in the US. I learned about it because I tried to see if it would be an option for my family. That would solve my issue as we need to upgrade to a better area, but it’s hard to justify leaving a 2.8% interest rate.
Who is “them” and handouts why do you people always behave like you are so honest and on top of it when your legacy is riddle with dishonesty handouts and stealing
@@ursulamoon9567 I was meaning "them" as the government giving handouts to the people of the United States without fixing any of the real problems. They print extra money to inflate the already volatile economy As for my personal legacy, it is not riddled with handouts, dishonesty and stealing. I cannot change anything that has happened in the past, nor can I control what anyone does with their legacy. I can only control what I do and what my legacy looks like in the future so please don't group me in with a group of people who have done horrible things in the past based, on what I look like. I can respect your opinion, but you don't know me at all.
Where I live - the government came and said, "we are here to help" they pay part of the interests for first time home buyers. That caused 20% raise in housing price but 20% drop in rental prices. As an owner of mortgage free rental units... I don't know if to laugh or cry. Thinking about selling them and have cash for few months.
this could be really nice for us, me and my wife got a starter home and are wanting to move in the next five years. we don't feel comfortable starting a family in the neighborhood we are in now, to many homeless and other factors are always around. If this passes it would make affording the change so much easier.
Real estate is just fkin INSANE right now. My dad sold his 57 acre ranch in Texas in 2017 for $347k, they just listed last weekend (03/20/24) and it’s at $1.8M. Doesn’t mean they’ll get it, but even if they took $1.4…. That’s just insane
Back when I was buying a house throwing down 8k with a conventional mortgage was a zillion times easier than applying for an FHA type mortgage riddled with fees and terms after the fact. It made my bid on the house more competitive as well. They should be incentivizing more building of smaller single family homes like what habitat for humanity builds.
Pretty much the only people selling are those that are: - Retiring and finding a cheaper house out of the city - people who must for a new job (Okay that didn’t need a list)
This is the best video I've seen on this topic. You put in the effort and it shows. Nailed it on the solutions, I've been racking my brain on what the fix would be for this problem. This makes so much sense to me.
the down payment assistance qualifications excluding you if your parents ever owned a house is insane to me. what does it matter if my father owns his house? it's not my house, it's his. there's no saying I'm entitled to it one day, he's still alive and lives in it. why does it have any bearing on what I can do?
Right. My parents built their house in New Hampshire 24 years ago for $160,000. They have never left. Why does that have anything to do with me now when the average homes in my area are $600,000 while being fully financially INDEPENDENT from my family
I don’t like that limitation either, but if I had to guess, it is because families that own houses are more likely to help their children get their first house, like helping them out with a down payment for example, or maybe using the equity to pay for their childrens’ education, or to start a business. And families that own a house have a lot more equity/wealth/savings than families that have never owned a house, so for families that have never owned a home, and then they buy one, over time, it makes an exponentially impactful difference, and changes their trajectory of their family/generations in a good way, a way that might not be noticed or appreciated by some.
Graham is speaking the truth here. I like how he does a deep dive on how it plays out. More often than not most people fall for the headline and marketing without truly understanding the devil in the details.
Yep, I completely agree that being able to take our current interest rate and tax-basis with us would immediately incentivize us to move. My wife and I have been at our home since 2011 and we have a really low interest rate as well as tax-basis. Even though we make well over twice as much as we did when we first moved here, we feel trapped because the interest and tax rates drive the monthly payments up to ridiculous levels. The houses we could justify wouldn't be that much of an upgrade and our monthly payments would nearly triple. It's pretty frustrating to get to the point that you're making solid money for your area, but still feel like it would be a horrible financial decision to buy literally anything on the market that would be a modest upgrade for us. Thanks for all of the great videos!
Isnt it carzy how I am watching a video by a Grahan and he will be reading this comment in his own world while I'm writing it in my own. Maybe our lives will never cross again.
This whitehouse is objectively insane. Screw politics, think rationally - this will obviously drive up asset costs rewarding those that already hold them further screwing the younger generation under the guise of "help". Lesson, whenever the government says they're helping, or a bill is worded as such, it is ALWAYS the opposite. 100% hit rate.
Totally agree. Here in Portugal similar government measurements are implemented but I think no impact will occur. Your suggestions would be much more impactful.
I love your solutions and I agree hundred percent that people will start buying and selling homes again and the market will become healthy again, but the cronies and government colluding with the banks will never let something like that happen. That’s too much help for the American people and they can give a damn about our benefit.
Your discussion on the potential consequences of government interventions in the housing market was eye-opening. It reminded me of the importance of critically evaluating proposed policies and considering their broader implications.
In 2024,don't set new year financial goals without consulting a financial adviser.there expertise ensure a solid plan for success.Building wealth involves developing good habits like regular putting money away in intervals for solid investments.
Thanks for the advice! I'm new to financial planning and wasn't sure where to start.Any tips on finding a reliable financial adviser or resource to guide beginners?
I agree, based on personal experience working with an investment advisor, I currently have $1m in a well-diversified portfolio, that has experienced exponential growth. It is not only about having money to invest in stocks but also you need to be knowledgeable, persistent, and have strong hands to back it up.
Whenever high prices in housing, health care, etc are subsidized by the Government, prices go up more. Nice try but really the over pricing of everything needs to be capped/slowed.
We got $0 down and got all of our closing costs paid for in seller credits and got a 2k check in the mail. Our mortgage lender got us this by helping us buy in a specific zip code with certain demographics. We love it in our neighborhood!
The $10k tax credit does nothing to make houses more affordable. It is almost like student loans where colleges raise tuition prices because everyone has access to the money the government is handing out. What needs to happen is more supply needs to be created such as building it or restricting how many houses a person/company can own. Having almost every house be a single family house doesn't help with affordability. Need to do some city rezoning.
@RJWaynerium They can want the single family home but unfortunately they are not available or people are priced out. I'm sure people would prefer to get a townhouse in the interim instead of continuing renting.
There is not enough housing period. A mixture of shortage of home builders, long processes in city and state regulations, and the low interests price explosion in 2020-2021. Im glad I sold my home for a profit and then turned around and purchased a bigger one in a better neighborhood.
I think a huge issue with the lack of housing is big investment companies quite literally attacking certain markets and forcing people to rent because they own so many houses in that market
So all tax payers are paying for this. The sellers and the buyers are paying for this. Not only is everyone paying for this, interest is attached. It’s not free money.
Your idea of taking the loan/interest rate with you is great! Makes total sense! Would free up more “first time homes” in the market. But the prices/rates still need to come down more, especially for first time home buyers.
I just bought a new house, but was sold to me lower than what they paid in 2008. Needs work, but a lot of room for equity. You can wait out rates, you can't wait out a good deal. Lower rates, higher competition. 👌
The reason why the home prices are so out of wack is because the government has interfered in the economics of homes....stupidity added to stupidity......🤔🙄😔
Yep. Kept me out of trouble this whole time. Just do research and understand what you’re getting into. INCLUDING THE HIDDEN COSTS. You think these companies want to give stuff away just to give it away? Wake up people!
Graham that’s the best thing about Florida save hour homes we can transfer our low tax savings to the new more expensive home and it’s called portability
A federal bill gives you benefits only if your parents didn't own or messed up on their home? Glad we're bringing back blood debt under a different name: a blood BENEFIT!
I know this is ridiculous just because parents are already in the market doesn't affect the fact that young people aren't so the parent owning is ridiculous.
For any first time home buyer I’d wait for things to drastically change/hit the floor let them make the best changes they will give citizens and then once drastic change happens you will have better opportunities for your $
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.
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!
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.
How is anyone going to be able to afford the payment with zero down, let alone the homes are over priced. All this will do allow these big corporations to make big profits selling these over priced homes, they will not sustain any losses, instead of homes going down!
The amount of times I gasped and my jaw dropped from your suggestions at the end. Each one makes so much sense. Please have a chat with the president about those. Seriously.
I value your perspective and content.Bitcoin is on its way to breaking records, getting closer to hitting new high prices, showing that it's gaining more value and could go even higher than we've seen before. This could mean great things for people looking to invest, suggesting now might be a good time to get involved before it jumps even higher. It's an exciting moment that could change the game in general...managed to grow a nest egg of around 1.2Biitcoin to a decent 6.4Biitcoin. At the heart of this evolution is indeko Glenn, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment....
This sounds the same as what is in Australia. I think the solution is to incentivize builders and increase the supply dramatically so this reduces house prices.
There is plenty of housing inventory. The issue is no one wants it. Gary, Indiana has plenty of property available for cheap, but it would just attract crime because no one wants to build a safe community, they want one that already exists and they can complain about the cost of those areas. You just fix or rebuild the broken houses and build a community.
Rates will go down. And there are many lenders offering no lender cost refinancing. Also buyers can assume the rate on government loans if the seller has a government loan. I'm a realtor in AZ if anyone wants help! 18 years prior mortgage lending experience under my belt!
@zildian1983 You can assume the rates but the challenge seems to be that sellers want the buyers to take out a 2nd loan or pay cash to pay the difference between their loan balance and the asking price. The amounts I've seen so far make it impossible to do those deals unless you have 30-50% cash.
My husband and I are struggling to find our first house because it's so unaffordable where we live. We just got married in October. We wanted to move out by this summer as our lease is up in June, but at this rate, we're probably going to be in our apartment for a 5th year 😭
@GrahamStephan It's sad, and we make at least $150k a year combined. Even when we do renew, it'll go up again. There's never a good option. Thanks for always being so realistic about the market and and how it's almost unaffordable for millenials and first-time home buyers.
@GrahamStephan I get helping people but, help your country the military is literally giving tossing money at people. Just sad... how the government is going to hurt the economy.
The down deposit programs are already available. I used the Nevada one on my first house. Its a bit help. Of course anytime they do this it creates more inflation. Just like the federal government writing blank checks so people can take loans for school. Makes higher prices. Helps an individual, inflates the market.
Graham (and others) miss some key points. The $10k tax credit for home owners selling starter homes would be beneficial because the issue IS the starter homes. There are far more homes on the market as well as homes being built right now that are more expensive. Offering $10k incentive will unlock many thousands of starter homes from people who are already considering moving up. If you own the house and there is far less of a supply issue for the larger homes, then the interest rate isn't a concern and the extra $10k incentive (not to mention ability to sell quickly and at a good price due to the $10k buyer tax credit) will absolutely be enough to push many thousands into selling those starter homes - which again are the main issue right now.
Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $12,000 and got my payout of m $270,500 every months,God bless Chloe Linda Henderson🇺🇸🇺🇸🇺🇸..
We just bought a second house in December of 2023 and while using a va loan, I was able to buy the house with zero money from pocket and they wrote me a check at closing.
I Agree on the last part of the video as a better solution… but as a very good friend of my used to say… “They Are Way Too Many Hands In That Cookie Jar” I don’t see that happening but I had to say it is a very nice idea!
I agree with the solutions you have too. No idea why the government doesn't think of these things. Are they dumb or are there other things we just don't know about?
-Set up a trust in minutes (Enjoy the benefits of privacy and placing your property in a trust today) - Use code GRAHAM For 10% Off: - www.getdynasty.com/?linkId=lp_565170&sourceId=graham-stephan&tenantId=getdynasty
-Here is a link containing the source material for each piece of research cited. I do my best to make my videos as accurate as I can, and the additional resources should help anyone who wants to look into them further - enjoy! docs.google.com/spreadsheets/d/1Os8ZBu2o0KgXAJOpgFmqWCxF271wiCHQRJCW_d_vNTU/edit?usp=sharing
Hilder is definitely the best so far. she always surprises me with amazing results.. We also plan to surprise her. You must have heard of it.
Hilder allows you to express your fears and she still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. she is really cool.
Graham what are the rules for the trust as I was told if I placed a home that has a mortgage in a trust the bank can call the loan can you verify this please and thank you.
I'm NOT subscribed, but why is your video coming in my feed? Honestly, I don't like it.
,😊😊
I paid up all my mortgages in 2yrs while working with a Financial Adviser. I’m 50 and my husband 54 we are both retired with over $3 million in net worth and no debts. We got to realize that the secret to financial freedom is making better investments.
Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
Mind if I ask you to recommend this particular coach you using their service?
Rebecca Nassar Dunne maintains an online presence that can be easily found through a simple search of her name on the internet.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
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?
"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
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
this sounds considerable! think you know any advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
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.
Let's get this straight.. the government printed loads of money in 2020 which was followed by rising cost of living and housing prices. Then they raised interest rates to "fight inflation" making it even more unaffordable to buy homes. Now they're proposing to give more handouts to home buyers taken from tax payers and additional money printing.
Brilliant, right?
All about control and buying votes to maintain control.
Exactly!
How do u think we got to this point in the first place.
I certainly hope this is not nationwide insanity and just in the state of Lala land California since all of his examples were there.
@JoeBiden
10k credit on a home that is $300,000 overvalued. That sounds like a recipe for disaster.
I’m wanting more realistic insight also
Gotta bring the suckers into the market.
Hey, some one has to be holding the bag
With supply being low why wouldn’t home prices keep going up with more monetary relief!
“starts up osrs”
If the average home is $400k, is it even a starter home? That 10k credit is a drop in the bucket...not enough to help.
You're lucky if that's the average price where you live. Where I live the average price is $995k 🥲
@@jaclynrachellec I wish that was the average in my area, but I'm glad it's not as high as your area! Ouch for buyers
80k down.... lmao.
Lmao
All OPM helps. And for those with avg sale prices (that's not value) over that...move. Lots of places where it's far, FAR lower
2008 called, they want their bad ideas back!
Housing always goes up! You know nothing!
@@pedro722462008 “crash” only went down on average home value 20-30%. If that happens today before home values return to normal rate of growth it would only be 2-3 years before they’re back to where they’re at now.
@@pedro72246The value of money always goes down.
This actually started in 2004, it went to hell in 2010. Bend over, here it comes again!
My reply was deleted about housing always going up…I said, The Value of the dollar keeps going down.
The government is trying to increase demand while not doing anything for supply which is baffling.
Biden is trying for reelection.
election year things
@@DogeMultiverse Yup. The objective is to look like they're solving problems while not actually solving any.
Higher property values = more tax revenue. It's never to help anyone but themselves.
@@sczr1186 - AKA politricks as usual.
2008 all over again. I was a Realtor back then and was blown away what the 0 money down was starting. We knew it was gonna get bad.
Here comes the rinse and repeat of 07/08!!!!
@@flynnmoneyexactly! Almost right on time as anticipated also
Property tax for residential land is insane to me.
you work your whole life to afford a down payment for a 20-30 year loan.
and even after you pay all that off you owe the state tens of thousands a year in perpetuity.
why do we put up with this?!?!?
Tens of thousands my property taxes here in pa are $1700 a year lol.
That’s Pennsylvania, but look up places like New Jersey or Oregon. The property taxes are absolutely insane.
@@ComplicatedLADYcom__Blog in some cases if you cannot afford to stay it might be best to move or downsize. Everyone here wants the biggest houses and fancy cars. Then complains about the higher costs.
@galupproperties3098 except that there is litteraly no way to predict what property tax will be 30 years from now because it's an artificial cost imposed by the state
One day soon, this bubble of pure greed is going to burst. Sellers are being greedy (and have no other choice but to sell high) realtors are lying,and the gov doesn't care... life's gonna balance all of this out... watch.
You basically made my interest in finance. My whole life probably changed just because of your videos. Feels great to be so financially ahead at 21.
Congratulations!!
Watching TH-camrs doesn’t make you financially sound. They’re humans just like us. Better pull up those charts and pick up those books and get to work.
@@RJTradess like I said, he made my interest in finance. Leading me to read hundreds of financial books and learn myself. Read.
@@RJTradess No, like I said he made my interest in finance. He sparked it, began it, made it. He did not make me financially literate I never said that.
@@zzzenx that’s great I’m happy for you. Don’t take offense to my statement I didn’t mean anything malicious by it. I’m speaking from experience.
As a single person in their mid 20s, owning a home without throwing myself into lifelong debt seems practically impossible. I've done what I was told: I did well in school and graduated with a STEM degree, but still graduated with $80k in debt. I have a good job and live well within my means, contribute to a roth IRA, paid off my car, make sizable payments towards my loan and very rarely go out. I've done everything I'm supposed to; so why does something like owning a home seem so far out of reach? Even if I save absolutely everything outside of required expenses, it'll take YEARS to save for a down payment on a home.
Move to a normal market
You have time my dear. Got my first house at 34. I am now 40 and only have 49k left to pay it off. Be patient
This is so real. As someone lucky to be able to afford buying a house right now at 30, it's only because I lived frugally with roommates for years to save to make it feasible with a decent paying job from a college degree. I'm was lucky to not have a large amount of loan debt from school that is paid off now. Even with all that, I feel like it's hard to find a decent home I can reasonably afford right now with a large down payment.
I have no idea how anyone who isn't debt free and doesn't have a good paying job could afford it on a single income, it's impossible. You either need a significant other or roommates to afford a house right now and even then it's probably rough...
If it makes you feel better I graduated with no debt and I live in an area that is not like insanely bad but its still near impossible to own a home.
Buy a home outside of the city.
A $10k credit will just raise the value of the home by $10k. The only solution is building more affordable houses and apartments. There is too much focus on McMansions and Luxury apartments. Also there are so many damn luxury apartments that aren't even luxury, they just advertise as such and then increase their rent.
Housing is insane. Where we live we make too much to qualify for any of these programs, but make no where near to purchase a home even with 20% down unless we want to be house poor.
That's the idea, they are making it so only people who definitely can't afford a house are the only people buying, they set the trap, they will pull the trigger after next election and liquidate everyone
Damn =(
@@HippieP629 yep, that’s life!
I’m a home builder in Florida and you are absolutely correct. There’s not enough profit in moderate to small houses for it to be worth the risk. And building houses is generally a high risk endeavor.
Everything is about money in relation to risk.
You’re spot on Graham, if home builders had less risk or more incentives we would build more starter homes.
Or less cost through deregulation
@@bryanupton9872 the problem with deregulation is the offering of the finger and the taking of the whole arm.
Could you expand on that please?
Yes, I’m not clear on how building a small home is a risk? Especially in Florida, with a major housing supply issue, it seems like you could easily sell the house. The risk would be on the bank making the mortgage loan to your buyer.
Even with such high house prices though?
buying a house seems like a Friggin trap right now... unless you get it for way under market.
all this will do it drive prices up in a market with no inventory.
Yeah, rents are generally just wayyyy cheaper
Hey, I just wanted to say that I've been watching your videos since 2019. I had a crippling alcohol addiction and was living in poverty. I was in government housing, and I had to panhandle to pay for my alcohol. Now, I'm 15 months clean and looking for any type of work I can get. I want to buy an apartment building one day.
Congratulations on getting clean!! Keep up the great work. I have no doubt you can do it. If you haven’t already, “think and grow rich” and “the big book on rental property investing” are both totally worth the read!
ODAAT 🎉
Been there recently. It's an employee market so you'll definitely find something at least.
How much can you make panhandling?
I tried landscaping....I'm going back to panhandling
Idea: -> Building your own house can potentially make home ownership possible for some folks in certain locations and situations (of course it would be too expensive in big cities, however in some suburbs and rural areas it might work if you own or can buy land/lot). Something to consider and look into for some people. Many states do not require a contractor license to build your own home. A general contractor license is easy to get if needed. I know a dozen people who have built their own homes over the years. I built mine recently, acting as the contractor and doing a minor amount of the work. Saved a ton of money, plus didn’t have to finance that additional cost for xx years. No one is born knowing how to build a house; you just have to learn how to do it and figure it out (talk to builders, read books, watch videos). Just a thought.
I’ve thought this sounds great as well! A community of home makers but the issue is basically supplies I would think.
Literally the only option in this market.
Gosh but dealing with permits and each county has strict building codes - DO YOUR RESEARCH before buying random plots of land.
I wish it were this easy, the building is the easiest part and that says A LOT!
Great thought! I would totally look into this too, except I’m a female, and I’m not that strong. LOL 🤷🏻♀️
This is exactly what I’m doing. I bought land and researching barndominiums.
Nothing brings down prices quite like pumping even more Monopoly money into a low supply market.
I’ve said over and over again that we need to teach basic economics in schools but we might actually need to begin with DC and our government officials
We DEFINITELY need to start with DC! They're experts at throwing away OUR money, but not much else. SMH.
You elected everyone in DC. Blame yourself. @@ChantillyWhite
@@pedro72246 I actually did not. But I blame the people who did.
Are u suggesting a purge?
I agree with your ending statement. You need to incentivize low income and starter housing of any kind. House, condo, apartments, tiny homes, whatever. But it has to make sense to the developers before they are willing to build it. You can’t ask a company to go out of business because you need more housing. Help them, they will build more. It’s that simple.
We don’t need more starter homes. There are already loads of tract homes builder grade everywhere and giving more incentives to build blight won’t fix anything. Building more premium housing and allowing people to move into that frees up all of the homes those people are already in. One of the things we need most is quality housing for gen x empty nesters to downsize into. Because there is no quality small housing for these empty nesters they stay in homes way too large for them.
i'm in CA in the Ventura area, combined my GF and i gross around 120k, we have enough for 20% down on any house we would like but with the average house between 650k-800k its not realistic for us to afford the mortgage. gotta love it.
Lower down payments or even lower interest rates aren't the problem nowadays. The prices are just too damn high. I'm checking out property in Fort Lauderdale this week and I've seen a dozen properties today alone that were bought 1-2 years ago for something like $4M and the sellers are asking like $5.5M. In WHAT WORLD do you see appreciation like that? It doesn't make any sense.
Because people are greedy. People need to see houses as what they are.... a house.
Agree with the downpayment, but rates are killing us here in Colorado. Same thing, we see $250K houses selling for $800K+
I went to buy a ranch and realized the rate would mean I would be paying for the property 3.5 times once the mortgage was paid off. It's a $600k property on the market for nearly $2 million - there's no way I'm going to pay that!
Yep that’s FL. Properties are still going up in value, plenty of demand and little inventory.
You see appreciation like that in a world where presidents of both parties run immense deficits and the central bank keeps real interest rates negative or close to zero.
WA, Tacoma is horrible hilltop. I have five kids struggled paying rent being terminated on my lease because two hundred max late on rent for two br 2000$ no housing. For 18 yrs and still struggling no help plus divination w blacks with children. I'm not the only one from my area struggling and had similar story
I work in the mortgage industry and I've felt for quite awhile that something needs to be done about title insurance costs. I know it's necessary but it's rare that you even need it and the cost seems to drastically outweigh the worth
Graham - the solution you propose of carrying a current mortgage with you to a new property is called “porting” a mortgage. Apparently it’s common in other countries but virtually non-existent in the US. I learned about it because I tried to see if it would be an option for my family. That would solve my issue as we need to upgrade to a better area, but it’s hard to justify leaving a 2.8% interest rate.
I left a 2.25% and I miss it
Opportunity zones are a prime example of tax incentives for developers
Bought my house in 2015. 744 square feet with a large detached garage. 52k in price here in pa. My property taxes are $1700/year. Living decent.
Property taxes are way too high for a place that tiny.
"Man if we keep giving them handouts they won't be mad about the cost of everything!" - U.S. Gov
Lol
Who is “them” and handouts why do you people always behave like you are so honest and on top of it when your legacy is riddle with dishonesty handouts and stealing
@@ursulamoon9567 I was meaning "them" as the government giving handouts to the people of the United States without fixing any of the real problems. They print extra money to inflate the already volatile economy
As for my personal legacy, it is not riddled with handouts, dishonesty and stealing. I cannot change anything that has happened in the past, nor can I control what anyone does with their legacy. I can only control what I do and what my legacy looks like in the future so please don't group me in with a group of people who have done horrible things in the past based, on what I look like. I can respect your opinion, but you don't know me at all.
Where I live - the government came and said, "we are here to help" they pay part of the interests for first time home buyers. That caused 20% raise in housing price but 20% drop in rental prices. As an owner of mortgage free rental units... I don't know if to laugh or cry. Thinking about selling them and have cash for few months.
this could be really nice for us, me and my wife got a starter home and are wanting to move in the next five years. we don't feel comfortable starting a family in the neighborhood we are in now, to many homeless and other factors are always around. If this passes it would make affording the change so much easier.
Real estate is just fkin INSANE right now. My dad sold his 57 acre ranch in Texas in 2017 for $347k, they just listed last weekend (03/20/24) and it’s at $1.8M. Doesn’t mean they’ll get it, but even if they took $1.4…. That’s just insane
Nice.
Condolences for your dad.
Back when I was buying a house throwing down 8k with a conventional mortgage was a zillion times easier than applying for an FHA type mortgage riddled with fees and terms after the fact. It made my bid on the house more competitive as well. They should be incentivizing more building of smaller single family homes like what habitat for humanity builds.
I completely agree. I refuse to sell my home because of my 2.25% rate. If I could rollover I’d sell this thing in a heartbeat and relocate
Pretty much the only people selling are those that are:
- Retiring and finding a cheaper house out of the city
- people who must for a new job
(Okay that didn’t need a list)
This is the best video I've seen on this topic. You put in the effort and it shows. Nailed it on the solutions, I've been racking my brain on what the fix would be for this problem. This makes so much sense to me.
the down payment assistance qualifications excluding you if your parents ever owned a house is insane to me.
what does it matter if my father owns his house? it's not my house, it's his. there's no saying I'm entitled to it one day, he's still alive and lives in it. why does it have any bearing on what I can do?
Right. My parents built their house in New Hampshire 24 years ago for $160,000. They have never left. Why does that have anything to do with me now when the average homes in my area are $600,000 while being fully financially INDEPENDENT from my family
I don’t like that limitation either, but if I had to guess, it is because families that own houses are more likely to help their children get their first house, like helping them out with a down payment for example, or maybe using the equity to pay for their childrens’ education, or to start a business. And families that own a house have a lot more equity/wealth/savings than families that have never owned a house, so for families that have never owned a home, and then they buy one, over time, it makes an exponentially impactful difference, and changes their trajectory of their family/generations in a good way, a way that might not be noticed or appreciated by some.
Basically all illegals will qualify for this assistance but anyone who comes from a stable family is shut out. This was done on purpose.
Graham is speaking the truth here. I like how he does a deep dive on how it plays out. More often than not most people fall for the headline and marketing without truly understanding the devil in the details.
And record high insurance rates
True!
Insuring record high, over priced houses is expensive? Gee, who would of thought? Literally anyone with a brain.
Yep, I completely agree that being able to take our current interest rate and tax-basis with us would immediately incentivize us to move. My wife and I have been at our home since 2011 and we have a really low interest rate as well as tax-basis. Even though we make well over twice as much as we did when we first moved here, we feel trapped because the interest and tax rates drive the monthly payments up to ridiculous levels. The houses we could justify wouldn't be that much of an upgrade and our monthly payments would nearly triple. It's pretty frustrating to get to the point that you're making solid money for your area, but still feel like it would be a horrible financial decision to buy literally anything on the market that would be a modest upgrade for us. Thanks for all of the great videos!
Thanks for commenting that was insightful
Isnt it carzy how I am watching a video by a Grahan and he will be reading this comment in his own world while I'm writing it in my own. Maybe our lives will never cross again.
Hahah when you put it that way…🧐
What do you live on Mars or something?
He lives in the square root of the negative third dimension. The only reason we observed this is because you did.
😱😵💫🤯
It’s crazy that I’m writing this review from my own world, while you both see my comment from yours. Crazyyy 😮😂
Great info as always don’t stop. This channel has to much added value. Tks Gram man
This whitehouse is objectively insane. Screw politics, think rationally - this will obviously drive up asset costs rewarding those that already hold them further screwing the younger generation under the guise of "help". Lesson, whenever the government says they're helping, or a bill is worded as such, it is ALWAYS the opposite. 100% hit rate.
Kinda buying votes by courting young voters
Totally agree. Here in Portugal similar government measurements are implemented but I think no impact will occur. Your suggestions would be much more impactful.
You maybe forget to consider the 500k new rental units coming this year in Austin alone? Further added downward pressure!
I love your solutions and I agree hundred percent that people will start buying and selling homes again and the market will become healthy again, but the cronies and government colluding with the banks will never let something like that happen. That’s too much help for the American people and they can give a damn about our benefit.
If the fed gave me $1500 a month i still couldnt afford a house. This country is SCREWED.
In my area that wouldn't cover the cost of a 1bedroom apartment without a kitchen.
That would barely pay for a studio/1BR apartment in NJ.
Once automation ramps up you'll be kicked out of your rental so the robots can rest.
Lmaoo@@MDTFoodAndTravel
Man $1500 is two times my mortgage. I'd be living rich off the hog and the government would be paying for my house ha!
If I could carry my rate with me id move tomorrow.
Sooooo many people would!
Hope all is well for everyone! 😊❤
You too!
Prosperity, Abundance, and the most Pure Love 💗
Your discussion on the potential consequences of government interventions in the housing market was eye-opening. It reminded me of the importance of critically evaluating proposed policies and considering their broader implications.
100% agree I studied economics and gram thinks like one 👍
Fantastic video! Your first “Actual Solution” is so fucking simple and it is absolutely brilliant. I’m hoping this is seen by those in Congress
10k credit is a major joke!!!
Graham for financial advisor to the President
In 2024,don't set new year financial goals without consulting a financial adviser.there expertise ensure a solid plan for success.Building wealth involves developing good habits like regular putting money away in intervals for solid investments.
Thanks for the advice! I'm new to financial planning and wasn't sure where to start.Any tips on finding a reliable financial adviser or resource to guide beginners?
I agree, based on personal experience working with an investment advisor, I currently have $1m in a well-diversified portfolio, that has experienced exponential growth. It is not only about having money to invest in stocks but also you need to be knowledgeable, persistent, and have strong hands to back it up.
@@ElijahBenjamin-cl3qoHow can I participate in this?
I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
@@EllerieBardotMarie Ann Treloar
There is only one solution to this problem, YOU HAVE TO KEEP INTEREST RATES HIGH.
Whenever high prices in housing, health care, etc are subsidized by the Government, prices go up more.
Nice try but really the over pricing of everything needs to be capped/slowed.
We got $0 down and got all of our closing costs paid for in seller credits and got a 2k check in the mail. Our mortgage lender got us this by helping us buy in a specific zip code with certain demographics. We love it in our neighborhood!
The $10k tax credit does nothing to make houses more affordable. It is almost like student loans where colleges raise tuition prices because everyone has access to the money the government is handing out.
What needs to happen is more supply needs to be created such as building it or restricting how many houses a person/company can own. Having almost every house be a single family house doesn't help with affordability. Need to do some city rezoning.
The thing is not many people like town homes and want the single family home.
@RJWaynerium They can want the single family home but unfortunately they are not available or people are priced out. I'm sure people would prefer to get a townhouse in the interim instead of continuing renting.
I agree with you 100% Graham. I have had these same proposals in my head as someone who also works in real estate and finance!
Liked, appreciate all the content you share with us.
Absolutely! Glad you like it!
There is not enough housing period. A mixture of shortage of home builders, long processes in city and state regulations, and the low interests price explosion in 2020-2021. Im glad I sold my home for a profit and then turned around and purchased a bigger one in a better neighborhood.
I think a huge issue with the lack of housing is big investment companies quite literally attacking certain markets and forcing people to rent because they own so many houses in that market
History repeats itself 😅😅
Great vid, as usual!
Thanks!
So all tax payers are paying for this. The sellers and the buyers are paying for this. Not only is everyone paying for this, interest is attached. It’s not free money.
the only problem with grahams solution is the government wont give up all that tax money because they spend to much
i tonally agree with you on the ideas you have. the truth is Government and bank profits are getting in the way of progress.
This mortgage credit is going to backfire.
Its only backfiring if increasing affordability was the actual intent, and not merely a pretext.
Your idea of taking the loan/interest rate with you is great! Makes total sense! Would free up more “first time homes” in the market. But the prices/rates still need to come down more, especially for first time home buyers.
I just bought a new house, but was sold to me lower than what they paid in 2008. Needs work, but a lot of room for equity. You can wait out rates, you can't wait out a good deal. Lower rates, higher competition. 👌
The reason why the home prices are so out of wack is because the government has interfered in the economics of homes....stupidity added to stupidity......🤔🙄😔
LAW 40 of 48: DESPISE THE FREE LUNCH. Anything offered for free is dangerous. It usually involves either a trick or a hidden obligation.
You described every plan the administration has drawn up to forgive student loan debt lol.
Yep. Kept me out of trouble this whole time. Just do research and understand what you’re getting into. INCLUDING THE HIDDEN COSTS. You think these companies want to give stuff away just to give it away? Wake up people!
I am about a minute into your video and this feels like what led to 2008 but I’ll listen to the rest now.
If it's helpful to the average American citizen, then it will never be put into effect.
Graham that’s the best thing about Florida save hour homes we can transfer our low tax savings to the new more expensive home and it’s called portability
A federal bill gives you benefits only if your parents didn't own or messed up on their home?
Glad we're bringing back blood debt under a different name: a blood BENEFIT!
I know this is ridiculous just because parents are already in the market doesn't affect the fact that young people aren't so the parent owning is ridiculous.
For any first time home buyer I’d wait for things to drastically change/hit the floor let them make the best changes they will give citizens and then once drastic change happens you will have better opportunities for your $
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.
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!
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.
Do you mind sharing info on the adviser who assisted you?
My advisor is “Vivian Carol Gioia”
Found her, I wrote her an email and scheduled a call, hopefully she responds, I plan to start 2024 on a woodnote financially.
With the house prices nowadays. $10k is nothing, yeah it's better than nothing.
Smashed the like button 😤
Thanks!!
I don’t know what to say….. Home-buying is tough for many right now!!!
How is anyone going to be able to afford the payment with zero down, let alone the homes are over priced.
All this will do allow these big corporations to make big profits selling these over priced homes, they will not sustain any losses, instead of homes going down!
All the measure is to help the rich landlord and corporation who buy up 10000 homes to deny other poor from living.
The amount of times I gasped and my jaw dropped from your suggestions at the end. Each one makes so much sense. Please have a chat with the president about those. Seriously.
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This sounds the same as what is in Australia. I think the solution is to incentivize builders and increase the supply dramatically so this reduces house prices.
No the solution is kicking out the millions of working holiday visa and student visa holders until the supply can be built
The initial act of buying a home sucks but to own property is a blessing
Rents are NEVER going down.
There is plenty of housing inventory. The issue is no one wants it. Gary, Indiana has plenty of property available for cheap, but it would just attract crime because no one wants to build a safe community, they want one that already exists and they can complain about the cost of those areas.
You just fix or rebuild the broken houses and build a community.
Can you do a video on Self Employed 1099 tax strategies, I'm getting double taxed for 2023 & could use some more enlightment
Rates will go down. And there are many lenders offering no lender cost refinancing.
Also buyers can assume the rate on government loans if the seller has a government loan. I'm a realtor in AZ if anyone wants help! 18 years prior mortgage lending experience under my belt!
@zildian1983 You can assume the rates but the challenge seems to be that sellers want the buyers to take out a 2nd loan or pay cash to pay the difference between their loan balance and the asking price. The amounts I've seen so far make it impossible to do those deals unless you have 30-50% cash.
I don't know who are the lower life-forms; used car salesmen or realtors.
@willski52 elaborate as to why realtors are lower life-forms 🤣🤔
I live in the bay area and the housing market here is ridiculous....Houses here will cost you your life 😂
And will not exist once the second Big One rolls through.
My husband and I are struggling to find our first house because it's so unaffordable where we live. We just got married in October. We wanted to move out by this summer as our lease is up in June, but at this rate, we're probably going to be in our apartment for a 5th year 😭
Renting seems to be the overall cheaper option right now for most places!
@GrahamStephan It's sad, and we make at least $150k a year combined. Even when we do renew, it'll go up again. There's never a good option. Thanks for always being so realistic about the market and and how it's almost unaffordable for millenials and first-time home buyers.
This is not going to end well at all.
😆 🤣 I already have 0 down it's called a VA loan..
Touché
@GrahamStephan I get helping people but, help your country the military is literally giving tossing money at people. Just sad... how the government is going to hurt the economy.
Yeah but that applies to 0.5% of Americans, sadly
@@sony2menu you can always join. Otherwise shhhh
@@irrelevantjoker37 i did. I am.
The down deposit programs are already available. I used the Nevada one on my first house. Its a bit help. Of course anytime they do this it creates more inflation. Just like the federal government writing blank checks so people can take loans for school. Makes higher prices. Helps an individual, inflates the market.
Graham (and others) miss some key points. The $10k tax credit for home owners selling starter homes would be beneficial because the issue IS the starter homes. There are far more homes on the market as well as homes being built right now that are more expensive. Offering $10k incentive will unlock many thousands of starter homes from people who are already considering moving up. If you own the house and there is far less of a supply issue for the larger homes, then the interest rate isn't a concern and the extra $10k incentive (not to mention ability to sell quickly and at a good price due to the $10k buyer tax credit) will absolutely be enough to push many thousands into selling those starter homes - which again are the main issue right now.
Insurance companies are cutting NEW buyers off on new ins to cover losses of a home. NO WAY buying a 1st time home.
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We just bought a second house in December of 2023 and while using a va loan, I was able to buy the house with zero money from pocket and they wrote me a check at closing.
Everyone and then I come back to TH-cam and I forget you upgraded the lotus to a ford GT haha
I Agree on the last part of the video as a better solution… but as a very good friend of my used to say… “They Are Way Too Many Hands In That Cookie Jar”
I don’t see that happening but I had to say it is a very nice idea!
I always enjoy watching your videos. Thank you 🙏🏼
Blackrock is absolutely loving this, just waiting to scoop up the ashes.
I agree with the solutions you have too. No idea why the government doesn't think of these things. Are they dumb or are there other things we just don't know about?