Real Estate: Top considerations for buyers and investors

Higher interest rates have made it difficult for both commercial and residential real estate buyers. Yahoo Finance spoke to experts to discuss the outlook for the market, and what investors need to consider when purchasing property.
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[@SangayJonna]

Great Video. Grateful for the expertise and ongoing support from Gerald Robert Hayton! Thanks to his guidance, I've been able to make informed decisions and see real growth in my investments. Highly recommend his advice to anyone looking to dive into REITs

[@CC-kl4nh]

I was about to ask what is considered luxury. New York is crazy. Over $1 million house makes you house poor. Don’t forget taxes! Crazy.

[@RaniVeluNachar-kx4lu]

Over one million in purchase price for a single family home IS NOT LUXUARY in San Diego City.
Small houses, nestled in small lots, maybe 1400 square foot in house and really a terraced yard in front and back and possibly a nice fly over by the commercial jet traffic every 2.5 minutes will RUN you an easy 1.25-1.6 MILLION dollars per house.
And these are nice houses in clean, quiet (Not too many surfers) neighborhoods. But I visited there a year ago, and I saw mostly Toyota's and Honda Hybrids and the occasional Rivian Truck by the curb.

[@starship519]

Imagine paying 30k for a brand new 4 bedroom house. It can be real if we raise rates enough

[@flowerlee4727]

Housing price will correct 50%

[@MichaelMcCausland-pg6qs]

Let it crash and then pick anything I want for non-failure to pay back taxes

[@FAITH4G]

People are working but for free.

[@RaniVeluNachar-kx4lu]

Real Estate is being priced for the future value, because people are looking at a prolonged 2.8-3.35 percent Inflation Rate and realizing that today's prices are very much lower than housing will be in 10-15 and 20 years with Inflation being a fixture long term.
So, they are willing to pay a higher rate of interest on mortgages because they have cash from equity in a previous property. So they are NOT financing more than 50 percent of the purchase price.
That's the scenario for the people with GOOD incomes over 150K dollars per year.
The working poor are already out of the market and are even being priced out of the rental market. Expect the next phase of real estate to be in Manufacture home and Trailer Parks. Don't laugh.
30 million working poor are getting poorer and they can either keep paying higher and higher rents or try to get a single wide mobile home either on their own private small lot that is zoned for it or a cheapish community that caters to this type of housing.
The rest of us, soon to be or already retired working poor that bought a LONG time ago, are NEVER going to sell because they are Homesteaded with LOW Taxes and their property is so small like a one bedroom condo that insurance is cheap because they are underinsured.
They are just hoping that the tornado goes down the next street or the hurricane doesn't dump a lot of water and the complex floods. Then they are homeless.

[@schrodingerscat3912]

America is hell

[@RaniVeluNachar-kx4lu]

There is a LOT of Uncertainty. Two wars that are really part of the FOREVER war syndrome. GAZA raid in October and the 6 month reprisals is just a continuation of the Nakba and the various Intifada and the 67 and 73 wars. Ukraine has been going since 2014 invasion of Crimea. The US is still fighting a limited air war in Iraq and Syria and off the coast of Yemen.
So, we are living in an ever expanding FOREVER wars scenario, that is probably responsible for at least 20 percent of the inflation problem. This FOREVER spending on Defense, Defense, and the ensuing cost of supply chain disruption, food scarcity, energy costs escalations
and then CLIMATE and Global Warming is intensifying.
SO there IS a LOT of UNCERTAINTY.
This is not 1950 Levittown New Jersey Folks.