No way I'll ever get married and have someone leaved just to walk away with my house, retirement plan, and Crypto currencies... 😆 yeap living alone choose me as well.
No offense, but you are a child. You literally have the world at your fingertips. Find a way to make your dreams happen. I don't think Andrei created the video to depress people, find a way to use it as motivation. I'm sure you have something you are great at and can find a way to make good money with it. I'm a firm believer that you get what you focus on, so if you focus on what you want in life you're more likely to get it because you can make a plan. Good luck!
"In real estate, a 1031 exchange is a swap of one investment property for another that allows capital gains taxes to be deferred. The term, which gets its name from the Internal Revenue Service (IRS) code Section 1031, is bandied about by realtors, title companies, investors, and soccer moms."
Well move out of Sydney and Melbourne. Move to Adelaide, nice weather, half the price. BTW, at least convert AUD to USD first and also take into account that lower level workers get paid more in Australia and get free public health care. However, yes houses are insanely priced in those two cities. In the US, its just the same in San Francisco and NYC.
You know yesterday I was watching valuetaiment podcast here in TH-cam and they were talking about the newsom recall. They were saying you shouldn’t be naive if you live in Texas, Florida etc. Because what starts in California usually spreads out to other states
I think it'll be more realistic for me buying a time machine, travelling 100 years to the past, finally buying a place, than it is to getting a place right now 😂
People forget about interest rates. Interest rates have been in a 40 year downtrend, which is a massive tailwind to housing since people can leverage to purchase. Now that we don't have any lower to push interest rates, the only game left is 40-50-60-70 year mortgages. If you are mad about corporations buying houses, tell the Fed to stop keeping interest rates low so that they can invest profitably at ever increasing home values.
They don't really own it. Not until they get rid of the 2nd Amendment. Only then do they own you and everywhere you'll ever be. The laws of physics and math override all other laws.
Great video Andrei. It's disheartening to hear that greed is overcoming the need once again. I guess that's part of the human condition. I live in the Bay Area in California and have noticed that it's already observable here. I moved here from Florida not too long ago and noticed that a 1.5 million dollar house here would probably be worth about 300-400k in Florida, depending on which area you choose to live in. The wages are higher here in general, but taxes and gas are also higher. I can't even imagine myself being able to ever buy a house here. At this point I could only perceive myself saving up and then moving to another state to purchase a home there. In regards to the prediction that houses will be around 4.3 - 10 million in the next 50 years. I'm curious how that would look like in smaller towns. Seems like if many people are working remote, they could live anywhere, why not a random small town in Mississippi, West Virginia, or Arkansas? Maybe many people will think that way and move to those sort of small towns, and thus bring up the prices. Sigh, what a world we live in. :-D
Yes, the Reset is happening, but the last thing we should do is despair. Act! Thee is always something we can do that will better our lives and the lives of others.
So this is when we as one unit all suffering from the same bs lawyer up and fight against corporatations from owning residential property. If we stick together we can beat them.
There will be 10x as many cameras in the future to make sure you're not living too far outside the mold. You WILL live in a $10 million dollar house, or pay rent to a landlord for one, lol!
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So rent would just stay at current price because a investor buys a home for 2mill would have to charge 5-7k/month to break even. No way this flies. But some very good points. I just think its inhumane and the people wont allow every house to be owned by investors/cooperations.
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*Jeff Bezos: Warren, your investing style is so simple. Why doesn’t everyone just copy you?* *Warren Buffet: because nobody wants to get rich slowly* Love from a small TH-camr💙
I've been the only one saying there won't be a real estate crash for the past 18 months. But, no one wants to click on a video that says "the market wont crash". So, I'm just a tiny little YT channel that no one listens to. But, I've been the one who was right. ▼
Forgot my existential freakout this morning, so I'm glad this video came through for me. Thanks. Anyways, imma go check on my $80 worth of Bitcoin and see if I'm rich yet.
Here in Canada we already have more seniors then children. In another 10-20 years it’ll be all of us that are now 20-40 year olds battling to buy. In another 50-60 years Canada will be the land of elderly.
Crashes always happen and will always happen, not to get into it too deep, they are a symptom of greed and will always exist. When people start saying it will never happen, that’s when you know we are closer to one.
My home is $1M and it looks like an abandoned haunted house. It's tiny. I don't even have a driveway. So yes, I believe in some areas, homes will be priced up to $4-5 million. A household of $200K annual income cannot even get a loan for a $1.4M home. Single-family homes are being phased out and wealthy developers are building apartments to maximize number of renters. Pretty scary if you hate living like rats in boxes.
You are funny and intelligent person I ever seen. I bought three houses after this videos and including I already bought four houses last year. Thank you!
If you're young enough and looking for Florida real-estate, wait for another 15-20 years. (Current) beach-front property will be very, very cheap. $2k - $10k cheap.
I've been trying to save up to get a place down here in Florida and it's getting further and further away from me... It really hurts. I'd be a first time home buyer too.
Knowledge is the greatest commodity investment is the quickest path to financial freedom, the rich stays rich by spending like the poor yet investing! While the poor stays poor by spending like the rich yet not investing.
Always thought that corporations shouldn't be able to buy swathes of real estate. But that shouldn't apply to individuals who should be free to buy as many as they want to
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Great vid Andrei! I'm a Realtor in Honolulu, Hawaii and loved the drone hyperlapse at the end. Here as of September the median single family home hit $1,050,000 and the condo median hit $500,000! Can definitely see it reaching that if it follows the same trajectory. Keep up the great work man!
Perhaps we should also ask why are people beginning to live alone? What are the cultural derivatives or causes of people living alone? What would the impact of more shared housing have on people's individual lives and on the housing market?
The area I live in Phoenix, AZ is one of the fastest growing areas in the whole state. The price of houses in my neighborhood have gone from being in the $300k-$400k range to being in the $700k-$925k price range. So far, the property taxes are not too bad, but I do fear that they will start to go up eventually.
I'm down in Tucson, and I fear that the only way I could possibly own a home is to get an empty lot and purchase a few modular Boxabl's when they come out. Looking at something that will be equivalent to a two bedroom, full kitchen, office, single bath, living room / dining room. From the current prices of the studios being $50k, I assume that it would cost me $120k abouts, not including the lot purchase, site prep, and hookups that are needed.
What people need to do is stop being greedy and not sell their homes to big corporations or million/billion dollar investors just because they paying cash or 20,000 over asking price. Give it to families who need a home. It might take longer or you might get less but this is how we stop this from happening. We still have the power. We need to stop our selfishness and greed or it’s going to backfire.
From a planning perspective, a solution to overpopulation and lack of housing is: live more compact, multi-family homes, etc! But as you rightly pointed out, we (in the west) live in a condition where it is possible to live on your own since we have the financial means to do so. There is a societal paradigm shift needed.
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Your example at 9:00 doesn't make sense, because the regular home buyer could also factor in the money he will save by not having to rent. So its the basically the same calculation than the landlord.
Also AirBnB arent as easy as you make it sounds. It may be profitable downtown in touristic areas, but in a less touristic residential area you'll have a lot of trouble to rent it full time and would be much better with a regular tenant.
I disagree. I get that houses in the urban area will cost more but with the remote working, here on Canada, less and less people want to live in city. More people goes on the country side. As the second biggest country in land and 1/10 of the US population, I think I will be fine if I want to own a piece of land, not EVERYONE want to live in downtown Toronto or Vancouver
The U.S. real estate market is highly resilient. Lower inventory will keep prices high for as long as there are so few home builders. So don't wait to buy real estate buy real estate then wait!
I'll watch the video tomorrow, but the way I think it will go is for modular/factory-built homes to become more and more popular as they are way more affordable than having a traditionally built home. Same or better standards and the cost of labor is significantly reduced. Once 3D printed homes become more popularized and accessible, then those will probably replace what we think of as traditional built homes today.
I’m really hoping that remote work brings a massive wrench to this plan. People don’t need to live in big cities to work at nice companies and make good pay, if the wealth concentration spreads significantly enough, then it will make it much harder to hoard wealth the way hedge funds do today.
I agree. I live in a town in a rural area, and while housing costs have gone up recently, I can't imagine them ever going up too much. And as for property taxes going up so much as to be unaffordable, California dealt with that problem in the late 1970s with Proposition 13. Eventually, people will push for similar legislation that allows homeowners to stay in their homes.
Well yes and no. The corporate workers that are responsible for at least 50% of big city population are able to now work form home. Majority of us won’t be back to work in overprices major cities since live and real estate is much cheaper in smaller towns/cities. So overall the price will go up for sure but not by that much and definitely not only in major cities.
The only thing ai didn't hear about solving this problem at the end is making infinite property taxes illegal. It should be 1 sales tax like everything else, not an eternity.
I think real estate projections depend on location. Japan has a declining population. Most of the growth will happen exclusively in Africa, South America, and some parts of Asia. Most developing countries won't see that growth while the building of houses never stops. Canada is one exception because of very high immigration numbers.
What about if 3D printed houses really take off? New houses being printed over the weekend and being sold at a discount compared to normal construction.
It might work for a while but, like with everything, the sick, greedy corporations and the wealthy will buy the companies or the land where they are being produced, and raise the prices through the roof because that's what happens in a barely regulated, heavily privatized good ol USA; especially when half the population is ignorant enough to root for the 1% because any critical thinking or desire for fair/just/balanced market regulation, is immediately labeled as being a communist or a socialist. Morons digging their own graves.
I ponder on how my retirement experience would generally feel like because I've not yet been able to save enough money and according to my spreadsheet I'm 3 years closer to my retirement schedule.
You can start by investing in the forex market, it's one of the most liquidated market in the world with no limit to profits and in less than two months you should start saving in a bigger volume.
forex isn't like any other work as you must learn the basics and then practice before engaging in real time. unfortunately, You can benefit handsomely from an investment adviser's strategies and trading software while learning from your portfolio.
I must say I’m impressed with Tadeusz Stanislaw services since they deliver value priced trades, and useful analytical tools and a well designed software trading platform.
A bubble is that something you can liquidate instantly! A real estate is not like to liquidate so fast, because nobody wants to be homeless. thats why it never going to pop.
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Thank you for the video Andrei. This is one of the biggest issues for locals living in Hawai’i. As someone who has lived here all my life and family has lived here for many generations, it is heartbreaking to see families forced to leave due to this issue. What is worse is that Hawai’i’s main export, post the sugar and pineapple plantation days, is it’s most valuable asset: It’s children. Who cannot afford to come back to live here after college.
0:01 It's stupid to "own" land or a home in this day and age. You will never have the actual TITLE which proves you actually own that land or house or car. You will only have the CERTIFICATE of title. Which is proof that the title exists, not that you own it. Don't believe me? Go pull out your supposed title right now and look at the top of the paper and you will see it clearly says "Certificate of Title". No one has owned anything of importance for a long time already.
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You've pretty much explained why I'm starting to question how much support I can give to another certain individual whom, like you, I do indeed owe a lot of my financial education to. I admire them and I have been following them since before they became well known in the personal finance community. However, I do wonder whenever they bring up buying yet another house, how much is enough for that person? Because the idea that some of us will own 10+ houses will indeed pose a real problem as we're already starting to see the beginnings of now. It'd be one thing if it was just a couple of people owning multiple houses, but if EVERYBODY and their grandma and their dead uncle and dead cousin is doing it, that does pose a potentially unsustainable reality that might have some dire consequences. On the other hand, lack of housing is one reason why I'm not shy to admit that while I cannot control the action of others, I don't say "congrats" to any couple whose 2nd and subsequent children were not adopted. I also won't say congrats to a person who has a their first born child with another person whose already had their first child. I think that population control is going to be a topic that at some point we will have to talk about in the future and there's going to be a lot of unhappy people out there.
the fact that property taxes can drive people out of a home is ridiculous. It needs to be based on other factors other than the current market rate... It basically means that even if you own your home. you don't. You're still paying rent. just to the government instead. and if you can't pay. you're kicked out. how about just adjusting for wage / inflation increases since purchase... but no, goverment makes too much money to stop the current system.
Deliberating on the Stock Market and Real Estate, I realized i made quite a sum while trying to know about product management and new NFTs. One thing i can say is fixing your income to assets while Reinvesting your savings.
I've come across a lot of recommendations but this one stands out. Ms Lucy's resume is pretty sophisticated, it shows she was active during the last bear market. I also emailed her, thanks for sharing.
Sorry but is not possible that the Smart Working give the opportunity to left the huge city and to move on a smaller , rural country ? If that happens the price in New York can decrease instead of growing up. What do you think?
When institutions and hedge funds can leverage their dollars and yet the regular working person cannot...Scary where the world and the future is heading...
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Sure, I would advise you take this great opportunity of this dip because Elon musk is currently trying to accept bitcoin. Bitcoin is going to pop up in value soon
Then they would raise income and sales taxes. Good for the people who are already financially comfortable not good for everyone else still getting there.
Buying a RV sounds like a alternative after cashing in when the price moves up in 30 years where you can retire traveling places. Also investing in good crypto projects now will make anyones future bright imo. I may be wrong entirely
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Love you man. Thank you yet again for some lit a$$ information. Love the economic statistics stuff. Id be down for a video or like 20 videos, a week, on just economic stats. You heard me ;)
I didn't choose to live alone, living alone chose me.
I'm not stuck in here with you; you're all stuck in here with ME!
Humans often suck
I felt that
No way I'll ever get married and have someone leaved just to walk away with my house, retirement plan, and Crypto currencies... 😆 yeap living alone choose me as well.
It is sad .....
I’ll be 21 in a month. Ever since I graduated high school I feel like Ive been playing a game I will never win.
That's what it is. If your family supports you while you go for a high paying career, that's the only way
Monopoly
I hope you are buying bitcoin, it's our only hope
No offense, but you are a child. You literally have the world at your fingertips. Find a way to make your dreams happen. I don't think Andrei created the video to depress people, find a way to use it as motivation. I'm sure you have something you are great at and can find a way to make good money with it. I'm a firm believer that you get what you focus on, so if you focus on what you want in life you're more likely to get it because you can make a plan. Good luck!
The fact that you're here watching these videos you're already ahead of 95% of other 21 year olds. Keep on that path and you'll be fine.
No wonder the World Economic Forum says "You will own nothing, and be happy."
This prediction seems more and more likely the older it gets. Minus the happy part of course.
That’s what the Communist and Democratic’s say too! Free money for everyone. 💵
I own bitcoin and i feel safe and happy. :)
And no meat so everyone will be eating soylent green and bugs
I said something a little similar to that several weeks back
This is the scariest video I’ve ever watched
Better buy a house soon!
🤣
What's scary to me... I think Andrei ditched the corny magic tricks. I actually love thos tricks!
And it’s true Cyril, enjoy renting or living with your mom for the remainder of your life
Relax... if the things in this video were true, would Zillow have just liquidated 7,000 homes? They've lost over $500M in the 2nd half of this year...
For the love of God and my future kids, I pray this doesn't happen. People my age are already struggling enough.
Why not NOT have kids?
Blame the tax code. There's so many advantages it's ridiculous. Not to mention the 1031
Why not NOT love god, it doesn't exist. (And if it does, we should destroy it for the evil monster that it is.)
"In real estate, a 1031 exchange is a swap of one investment property for another that allows capital gains taxes to be deferred. The term, which gets its name from the Internal Revenue Service (IRS) code Section 1031, is bandied about by realtors, title companies, investors, and soccer moms."
Then you need to fight zoning.
My mans Andrei is always coming out with great, meticulous videos based on facts; Best channel out there.
The lumber price chart shown was deceptive. Lumber prices have already come back down from that spike
Interesting how that happened as soon as the insane tariffs were removed.
$10 million definitely seems crazy, but I can see us reaching unprecedented highs with hedge funds and corporations investing in residential.
You be mumu
Black rock
I'm so happy I just got into bitcoin trading and I made my first profit,I wish i knew about bitcoin earlier I would have made a lot of money by now
$10 mill might seem crazy but my parents house was $20,000 in the late 60s and $400000 in late 80s hey time passes never know
"The median house price in the US is $363,000"
*cry's in Australian.* Median house price here is $955,927. ($701,602.62 USD)
Lmao..."cry's in Australian" that's not a tear 😢 this is a tear 😭
From hk, a apartment cost the same as a house in Australia 😢
Yeah, I think you guys might have 10 million dollar homes soon. Good luck, my friend!
you are not using usd and that is not medium country wide. Check out New york prices.
Well move out of Sydney and Melbourne. Move to Adelaide, nice weather, half the price. BTW, at least convert AUD to USD first and also take into account that lower level workers get paid more in Australia and get free public health care. However, yes houses are insanely priced in those two cities. In the US, its just the same in San Francisco and NYC.
According to google the average price for a house in California is 700k soo 300k looks good right about now.
If thats the case, The state still owns 60% or more of that land. You think run it after you pay that much... California is evil
@@jbusiness8247 Jealous much?
You know yesterday I was watching valuetaiment podcast here in TH-cam and they were talking about the newsom recall. They were saying you shouldn’t be naive if you live in Texas, Florida etc. Because what starts in California usually spreads out to other states
Born and Raised on Maui and just closed on my first condo here this month! Very grateful.
Of course 👆👆👆
Helpline📶
For support and mentorship 💰💰
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I think it'll be more realistic for me buying a time machine, travelling 100 years to the past, finally buying a place, than it is to getting a place right now 😂
U can always own property some where else
Nah we just need the interest rate to go back up
🚨 SCAM ALERT 🚨
I’d buy land
People forget about interest rates. Interest rates have been in a 40 year downtrend, which is a massive tailwind to housing since people can leverage to purchase. Now that we don't have any lower to push interest rates, the only game left is 40-50-60-70 year mortgages.
If you are mad about corporations buying houses, tell the Fed to stop keeping interest rates low so that they can invest profitably at ever increasing home values.
I completely agree with this. Hedge funds own our forests, now our houses? Air bnbs are a real problem too.
Planning on living in an airbnb in Ukraine for $15 a month. 😉
invest in a hedge fund. No more whining.
They don't really own it. Not until they get rid of the 2nd Amendment. Only then do they own you and everywhere you'll ever be. The laws of physics and math override all other laws.
You have a calming voice andrei
Great video Andrei. It's disheartening to hear that greed is overcoming the need once again. I guess that's part of the human condition. I live in the Bay Area in California and have noticed that it's already observable here. I moved here from Florida not too long ago and noticed that a 1.5 million dollar house here would probably be worth about 300-400k in Florida, depending on which area you choose to live in. The wages are higher here in general, but taxes and gas are also higher. I can't even imagine myself being able to ever buy a house here. At this point I could only perceive myself saving up and then moving to another state to purchase a home there.
In regards to the prediction that houses will be around 4.3 - 10 million in the next 50 years. I'm curious how that would look like in smaller towns. Seems like if many people are working remote, they could live anywhere, why not a random small town in Mississippi, West Virginia, or Arkansas? Maybe many people will think that way and move to those sort of small towns, and thus bring up the prices. Sigh, what a world we live in. :-D
but bitcoin...
Have you tried not making avocado toast?
Gotta love the Back to the Future references 🔥
I see the necessity in taxes but a recurring property tax is straight theft.
All part of The Great Reset, we already lost and we’re fucked
Yes, the Reset is happening, but the last thing we should do is despair. Act! Thee is always something we can do that will better our lives and the lives of others.
So this is when we as one unit all suffering from the same bs lawyer up and fight against corporatations from owning residential property. If we stick together we can beat them.
Well, this is why I chose to convert a bus into a tiny home 🥰
Psh, until state govt start regulating that too. People are running away when they should be fighting back.
There will be 10x as many cameras in the future to make sure you're not living too far outside the mold. You WILL live in a $10 million dollar house, or pay rent to a landlord for one, lol!
Lol, sounds like something straight out of Project Zomboid.
That part of Blackrock is not a hedgefund. It is private equity. Please use the correct terminology. PE does not equal hedgefund
300k houses exist??? My townhouse in Canada is almost a million😭😭
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So rent would just stay at current price because a investor buys a home for 2mill would have to charge 5-7k/month to break even.
No way this flies. But some very good points. I just think its inhumane and the people wont allow every house to be owned by investors/cooperations.
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*Jeff Bezos: Warren, your investing style is so simple. Why doesn’t everyone just copy you?*
*Warren Buffet: because nobody wants to get rich slowly*
Love from a small TH-camr💙
I've been the only one saying there won't be a real estate crash for the past 18 months. But, no one wants to click on a video that says "the market wont crash". So, I'm just a tiny little YT channel that no one listens to. But, I've been the one who was right.
▼
Thanks ~~~~
Forgot my existential freakout this morning, so I'm glad this video came through for me. Thanks.
Anyways, imma go check on my $80 worth of Bitcoin and see if I'm rich yet.
Thanks ~~~~
Here in Canada we already have more seniors then children. In another 10-20 years it’ll be all of us that are now 20-40 year olds battling to buy. In another 50-60 years Canada will be the land of elderly.
“The real estate crash may never come” - prime reason to expect a real estate crash 😂
Nothing crashes when people expect a crash
Thanks ~~~~
It's 'too big to fail'.
Crashes always happen and will always happen, not to get into it too deep, they are a symptom of greed and will always exist. When people start saying it will never happen, that’s when you know we are closer to one.
My home is $1M and it looks like an abandoned haunted house. It's tiny. I don't even have a driveway. So yes, I believe in some areas, homes will be priced up to $4-5 million. A household of $200K annual income cannot even get a loan for a $1.4M home. Single-family homes are being phased out and wealthy developers are building apartments to maximize number of renters. Pretty scary if you hate living like rats in boxes.
It's the american dream.
aight time to do whats called quitting the game of life
In 50 years, the average cost of 1 house will be a fraction of a Bitcoin.
I'm thinking about .04
Oh good! I will have a summer home in the Hamptons. ;)
So Bitcoin will be 250million per coin? 👀
(10 mill ÷ 0.04 = 250 mill)
I never thought we'd get to the point where 1 Bitcoin = 1 House. There are houses in the US that cost $50k.
You are funny and intelligent person I ever seen. I bought three houses after this videos and including I already bought four houses last year. Thank you!
The conclusion of bitcoin was correct. I was thinking it in my head but I’m glad you said it!
This Brian Levo got a great shoutout!
House prices are going nuts especially down here in Florida
Awww man I was looking into florida real estate too, you're right, it's getting crazy
Check Austin, it’s even worst !
We bought our house for $3000, currently worth $24,000. No. I will not tell you where.
If you're young enough and looking for Florida real-estate, wait for another 15-20 years. (Current) beach-front property will be very, very cheap. $2k - $10k cheap.
I've been trying to save up to get a place down here in Florida and it's getting further and further away from me... It really hurts. I'd be a first time home buyer too.
The main long-term reason: Zoning. The pandemic is short-term. The shortage is mostly human-made.
$10 million seems crazy, but you definitely bring up some interesting points to help back that up!
Sheep
US and england are going to be like China before we know it most families will just live in flats
Not crazy but ahead of time.
$50,000 Bitcoin seems crazy years ago. Don't worry, we'll get to a $10 million dollar average house some day.
*Investing in Bitcoin now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today*
Every single argument has a counter argument. Awesome
Thanks for the video
Sometimes i wonder how people get rich at these days.
But people don't believe it's true anyone can make money from home online because of the high rates of scams in the business.
Yes that's true
Knowledge is the greatest commodity investment is the quickest path to financial freedom, the rich stays rich by spending like the poor yet investing! While the poor stays poor by spending like the rich yet not investing.
Nice one
House market here in Canada has been absolutely insane.
Thanks ~~~~
I feel a little bit better when Andrei at least mentions the word bitcoin once in his video :)
was he being ironic?
Whats with BitcoinCash?
Mend micro strategy to digital assists and whala
Always thought that corporations shouldn't be able to buy swathes of real estate. But that shouldn't apply to individuals who should be free to buy as many as they want to
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Great vid Andrei! I'm a Realtor in Honolulu, Hawaii and loved the drone hyperlapse at the end. Here as of September the median single family home hit $1,050,000 and the condo median hit $500,000! Can definitely see it reaching that if it follows the same trajectory. Keep up the great work man!
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Perhaps we should also ask why are people beginning to live alone? What are the cultural derivatives or causes of people living alone? What would the impact of more shared housing have on people's individual lives and on the housing market?
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The area I live in Phoenix, AZ is one of the fastest growing areas in the whole state. The price of houses in my neighborhood have gone from being in the $300k-$400k range to being in the $700k-$925k price range. So far, the property taxes are not too bad, but I do fear that they will start to go up eventually.
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I'm down in Tucson, and I fear that the only way I could possibly own a home is to get an empty lot and purchase a few modular Boxabl's when they come out. Looking at something that will be equivalent to a two bedroom, full kitchen, office, single bath, living room / dining room. From the current prices of the studios being $50k, I assume that it would cost me $120k abouts, not including the lot purchase, site prep, and hookups that are needed.
Phoenix here , well Gilbert specifically, can confirm prices are insane
What people need to do is stop being greedy and not sell their homes to big corporations or million/billion dollar investors just because they paying cash or 20,000 over asking price. Give it to families who need a home. It might take longer or you might get less but this is how we stop this from happening. We still have the power. We need to stop our selfishness and greed or it’s going to backfire.
My wife says "of all your crypto news channels THIS one is my favorite" you're just so approachable and you speak on our level.
Thanks ~~~~
From a planning perspective, a solution to overpopulation and lack of housing is: live more compact, multi-family homes, etc! But as you rightly pointed out, we (in the west) live in a condition where it is possible to live on your own since we have the financial means to do so. There is a societal paradigm shift needed.
Even if you churn out poopy videos ill still like them...I owe a lot of my financial literacy to you.
Thank you! I'm pretty happy about this one
I hope something is done to provide people affordable housing before we ever see an average house price above 1 million
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Real estate wouldn't really be worth more, but dollars would be worth less.
That's definitely the way to look at it
Combination of both maybe no?
Not really, if you compare wages to house prices it still has gone up massively
Agree @jackduffley That’s called inflation…
Fiat currency = sucks!!!
Median home price in California is $800,000 plus bidding wars. As a bonus you get tent filled streets with potholes and syringes all over the place.
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Your example at 9:00 doesn't make sense, because the regular home buyer could also factor in the money he will save by not having to rent. So its the basically the same calculation than the landlord.
Also AirBnB arent as easy as you make it sounds. It may be profitable downtown in touristic areas, but in a less touristic residential area you'll have a lot of trouble to rent it full time and would be much better with a regular tenant.
Guys, just drop your bitcoins into the flirt invest platform and don't worry
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I disagree. I get that houses in the urban area will cost more but with the remote working, here on Canada, less and less people want to live in city. More people goes on the country side. As the second biggest country in land and 1/10 of the US population, I think I will be fine if I want to own a piece of land, not EVERYONE want to live in downtown Toronto or Vancouver
The U.S. real estate market is highly resilient. Lower inventory will keep prices high for as long as there are so few home builders. So don't wait to buy real estate buy real estate then wait!
That’s what they said before the 2008 crash 🤣🤣🤣
The real estate market is the fakest market in our country
Unfortunately most can’t afford to..
I'll watch the video tomorrow, but the way I think it will go is for modular/factory-built homes to become more and more popular as they are way more affordable than having a traditionally built home. Same or better standards and the cost of labor is significantly reduced. Once 3D printed homes become more popularized and accessible, then those will probably replace what we think of as traditional built homes today.
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That's the most depressing video I've ever seen.
Seriously. Even if you "win" and get ahead of the curve by owning a property, you "lose" from the exorbitant property tax.
Basically what he is saying is buy the most expensive house you can afford right now because the equity on it will be INSANE in 30 years.
Beginning of video: "Wait to sell grandmas house so we can make millions!"
End of video: aaaand its gone
Another great one Andrei thanks!
when you dont invest with ban expert you lose a chance of owning a home
susan andrea rezin is the expert you need
I’m really hoping that remote work brings a massive wrench to this plan. People don’t need to live in big cities to work at nice companies and make good pay, if the wealth concentration spreads significantly enough, then it will make it much harder to hoard wealth the way hedge funds do today.
I agree. I live in a town in a rural area, and while housing costs have gone up recently, I can't imagine them ever going up too much. And as for property taxes going up so much as to be unaffordable, California dealt with that problem in the late 1970s with Proposition 13. Eventually, people will push for similar legislation that allows homeowners to stay in their homes.
Well yes and no. The corporate workers that are responsible for at least 50% of big city population are able to now work form home. Majority of us won’t be back to work in overprices major cities since live and real estate is much cheaper in smaller towns/cities. So overall the price will go up for sure but not by that much and definitely not only in major cities.
I prefer this video to G Stephen's ad-filled explanation on the same topic.
HA!
TH-cam premium makes all the ads go away.
This video was great, but it would be better with more magic
Totally agree with you ; No shouting etc like G Stephen (or maybe because of G Stephen's voice)
Considering 50 years ago the average price for a home was 44K.... makes sense
Ooooooo you beat Graham on the posting 👀😳
I usually do O_O
He just posted…..l took that loss
The only thing ai didn't hear about solving this problem at the end is making infinite property taxes illegal. It should be 1 sales tax like everything else, not an eternity.
Bitcoin. This is the way.
I think real estate projections depend on location. Japan has a declining population. Most of the growth will happen exclusively in Africa, South America, and some parts of Asia. Most developing countries won't see that growth while the building of houses never stops. Canada is one exception because of very high immigration numbers.
What about if 3D printed houses really take off? New houses being printed over the weekend and being sold at a discount compared to normal construction.
It might work for a while but, like with everything, the sick, greedy corporations and the wealthy will buy the companies or the land where they are being produced, and raise the prices through the roof because that's what happens in a barely regulated, heavily privatized good ol USA; especially when half the population is ignorant enough to root for the 1% because any critical thinking or desire for fair/just/balanced market regulation, is immediately labeled as being a communist or a socialist. Morons digging their own graves.
This is why prop 13 in California is so important!
I ponder on how my retirement experience would generally feel like because I've not yet been able to save enough money and according to my spreadsheet I'm 3 years closer to my retirement schedule.
You can start by investing in the forex market, it's one of the most liquidated market in the world with no limit to profits and in less than two months you should start saving in a bigger volume.
forex isn't like any other work as you must learn the basics and then practice before engaging in real time. unfortunately, You can benefit handsomely from an investment adviser's strategies and trading software while learning from your portfolio.
Thank you for the information, what is the minimum for forex investlng and how can l get connected to an investment advisor?
Can I start up with $1000? Does he operates on Instagram so I can text him on there?
I must say I’m impressed with Tadeusz Stanislaw services since they deliver value priced trades, and useful analytical tools and a well designed software trading platform.
What is happening to real estate breaks the basics of the social contract.
$10m average house price 😱😱
It don't mean squat when the value of a dollar keeps dropping
Yea and 60,000$ toilet paper 😑
Like the content.. The past, present, future home values.. Rarely, I find TH-camrs with this much thought. Thank You!
The housing shortage is not ending anytime soon!! You’re superb my friend!! God bless!!📈🏡
Thanks ~~~~
Good God this is frightening. The people driving this will rot.
All the more reason to vote for Kevin Paffrath as Govenor of California eh? At least for more affordable housing in Cali 😉
I hope he wins but I'm not sure if Kevin will be able to influence real estate much
Hands down the best financial channel on YT
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Love your content!! Can you do a tutorial with Celsius? Or staking Blockfi Vs Celsius
For sure someday soon
Thanks Man 🐝🍀
not trying to be that guy but you’re actually “lending” your crypto on blockfi and celsius. it’s not staking.
He shills BlockFi really hard so I wouldn’t go to him for a fair opinion on Celsius.
@@rscx2458 I think Celsius is wonderful, I use it too and i've said as much several times before
A bubble is that something you can liquidate instantly! A real estate is not like to liquidate so fast, because nobody wants to be homeless. thats why it never going to pop.
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Hmm, the answer to everything is Bitcoin. 🤔
My mom: Why don't you call more often?
Me: Uh, Bitcoin, duh!
Thank you for the video Andrei. This is one of the biggest issues for locals living in Hawai’i. As someone who has lived here all my life and family has lived here for many generations, it is heartbreaking to see families forced to leave due to this issue. What is worse is that Hawai’i’s main export, post the sugar and pineapple plantation days, is it’s most valuable asset: It’s children. Who cannot afford to come back to live here after college.
0:01 It's stupid to "own" land or a home in this day and age. You will never have the actual TITLE which proves you actually own that land or house or car. You will only have the CERTIFICATE of title. Which is proof that the title exists, not that you own it. Don't believe me? Go pull out your supposed title right now and look at the top of the paper and you will see it clearly says "Certificate of Title". No one has owned anything of importance for a long time already.
Nice try but… no
Try buying a house in NZ where the median price is now close to US$600,000
Andrei always coming with the fire videos!!!
There's a point where people will not buy a home and just move. And house prices are not inelastic as people think.
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You've pretty much explained why I'm starting to question how much support I can give to another certain individual whom, like you, I do indeed owe a lot of my financial education to. I admire them and I have been following them since before they became well known in the personal finance community. However, I do wonder whenever they bring up buying yet another house, how much is enough for that person? Because the idea that some of us will own 10+ houses will indeed pose a real problem as we're already starting to see the beginnings of now. It'd be one thing if it was just a couple of people owning multiple houses, but if EVERYBODY and their grandma and their dead uncle and dead cousin is doing it, that does pose a potentially unsustainable reality that might have some dire consequences. On the other hand, lack of housing is one reason why I'm not shy to admit that while I cannot control the action of others, I don't say "congrats" to any couple whose 2nd and subsequent children were not adopted. I also won't say congrats to a person who has a their first born child with another person whose already had their first child. I think that population control is going to be a topic that at some point we will have to talk about in the future and there's going to be a lot of unhappy people out there.
Interesting comment. Would you believe population control is happening right now before our very eyes?
the fact that property taxes can drive people out of a home is ridiculous. It needs to be based on other factors other than the current market rate... It basically means that even if you own your home. you don't. You're still paying rent. just to the government instead. and if you can't pay. you're kicked out.
how about just adjusting for wage / inflation increases since purchase... but no, goverment makes too much money to stop the current system.
Deliberating on the Stock Market and Real Estate, I realized i made quite a sum while trying to know about product management and new NFTs. One thing i can say is fixing your income to assets while Reinvesting your savings.
Sure, Her name is Lucy Maria Koss.
I've come across a lot of recommendations but this one stands out. Ms Lucy's resume is pretty sophisticated, it shows she was active during the last bear market. I also emailed her, thanks for sharing.
stfu not interested
Sorry but is not possible that the Smart Working give the opportunity to left the huge city and to move on a smaller , rural country ? If that happens the price in New York can decrease instead of growing up. What do you think?
Andrei!! Can you please do a video on OMI and the NFT space in general. Thank you!
He fudding omi down
Couldn’t find omi, found nomi
When institutions and hedge funds can leverage their dollars and yet the regular working person cannot...Scary where the world and the future is heading...
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Most newbies usually undermine and neglect the importance of technical analysis with regards to trading.
Yeah, And same technical analysis overly predicts the movement of assets prices regardless to what is happening in the wider or broader market.
If the cryptocurrency market overall or a digital asset is solving a problem, it’s going to drive some value
Sure, I would advise you take this great opportunity of this dip because Elon musk is currently trying to accept bitcoin. Bitcoin is going to pop up in value soon
Having orientation or knowledge about the market or any other crypto currency is a key to a profitable success
Most time having knowledge or insight about a particular activity can as well be a pleasing exercise.
They should abolish property taxes
Then they would raise income and sales taxes. Good for the people who are already financially comfortable not good for everyone else still getting there.
Buying a RV sounds like a alternative after cashing in when the price moves up in 30 years where you can retire traveling places. Also investing in good crypto projects now will make anyones future bright imo. I may be wrong entirely
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I wish you made a daily video! I hate when you only have a two video week.
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Love you man. Thank you yet again for some lit a$$ information. Love the economic statistics stuff. Id be down for a video or like 20 videos, a week, on just economic stats. You heard me ;)