fear a housing crash due to people buying homes above asking prices with little equity. If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.
Consider reallocating from real estate to other reliable investments like stock, crypto or precious metals . Severe recessions offer market buying opportunities with caution, as volatility can yield short-term trading prospects. Not financial advice, but it may be wise to invest, as cash isn't ideal in this period.
I've remained in touch with a financial analyst since the start of my business. Amid today's dynamic market, the key difficulty is pinpointing the right time to buy or sell when dealing with trending stocks - a seemingly simple task but challenging in reality. My portfolio has grown by more than 5 figures within just a year, and i have entrusted my advisor with the task of determining entry and exit points.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with 'Grace Adams Cook' for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I just looked her up on the internet and found her webpage with her credentials. I wrote her an outlining my financial objectives and planned a call with her.
This. In the end, this entire situation is driven by homeowners and buyers who have celebrated the ever rising value of their properties. I have seen 500 sq. ft. shacks go for 750,000 bucks. This is plainly ridiculous, but no one dares say the emperor wears no clothes. People get giddy when their appraisals come in at stratospheric levels, but when the house torches the insurer is like - "it's a 500 sq. ft. tool shed, how can it be worth half a million bucks?" Greed, at all levels from homeowners to county tax assessors to insurers, has created this mess.
I work with Kate Elizabeth Cressotti, and she’s been helping me strategize for a potential downturn in the housing market. She believes certain regions and asset types could be vulnerable, and she’s made specific recommendations to protect my portfolio.
Kate Elizabeth Cressotti thinks we could see a correction, especially in areas that saw rapid price increases over the past few years. She’s advising against heavy exposure in overheated markets and is focusing on more stable investments.
My portfolio includes properties in some high-demand cities. Did Kate Elizabeth Cressotti mention anything about diversifying away from those kinds of areas?
Yes, she suggested shifting some investments to regions with steadier growth and less speculation. She also recommended diversifying into REITs (Real Estate Investment Trusts), which can offer real estate exposure without the same level of risk tied to any single property.
California has it's hand on the scales so there is no "market rate" for insurance. I want to be saved from the greedy corporations but the way to do that is strong competition. Who would enter CA's market when they can not charge the rate they think they will need to cover contingencies? Disagree, start selling insurance. Insurance Czars will not save us!
Need to get the cost of building / rebuilding down in CA through some deregulation. Cost to build in CA is high and that’s also factored into insurance rates. It’s more than 2x to build now than it was just 10 years ago. I added onto my house and today there’s no way I could afford to do the same build.
With all the strict laws on insurance companies, maybe the state of California should develop a government run property insurance since they like to regulate these private companies.
Question, what happens when a person purchases and finances a home and has insurance and subsequently the insurer cancels, and the homeowner cannot find coverage at any price. How will the mortgagee handle this situation. Thanks.
And remember, this is all for this year, next year imagine how much more insurance will be... i didn't hear anything about property taxes being so high. 👀
Prop taxes are actually pretty low as a % in California, and Prop13 keeps it tied to purchase price plus a tiny % annual valuation increase- and in real estate price crashes they temporarily reduce the home values, and thus the taxes paid annually. Think about 1% base property taxes and then any local voted for bond measures; mine add about 350/yr and there are half a dozen.
Why is the consumer protection dude blaming instance companies? The California government policies and outrageous regulatory environment are huge contributors.
30% increase? What a F liar! My home insurance went from $1200 to $3700 for my small property and my other house went from $2900 to $5200. My income didn't get a 50% increase in order to compensate for all these ridiculous rate hike. Force the hike on those homeowners who enjoys living in high risk area. My home is nowhere near any trees, its perch in a hill with no chance of flood. Now im forced to pay a ridiculous hike so these baboon can be covered?! Let rhem eat up rhe cost!
Over policy by California government. Over regulations have caused insurance to take advantage of people. California need to reduce regulations and policies. DMV, insurance, taxes, county taxes. This is all because greedy politicians and corporations who have swayed California government over the last 5years.
It's time to create a new insurance business model Homeowners insurance is a lifetime, survival necessity, not a commodity .Create non profit insurance institution like the regional credit union, where everyone joins in to share the risks.Rates regulated by the state to insure price stability. For profit model,even with lower ROI rate, The insurance corporations will have to double insurancepremium every ten years!
The fact of the matter is that the risks those policies are covering have skyrocketed. The money to cover those risks has to come from somewhere. You can't declare the risks non-existent by regulation. The company notorious for dropping Californians, State Farm, is already a mutual. That means the only shareholders are the policyholders.
Keep voting for the same people and we keep seeing this once beautiful state go downhill like the mansions into the ocean in RPV. Uneducated emotional voters are to blame.
fear a housing crash due to people buying homes above asking prices with little equity. If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.
Consider reallocating from real estate to other reliable investments like stock, crypto or precious metals . Severe recessions offer market buying opportunities with caution, as volatility can yield short-term trading prospects. Not financial advice, but it may be wise to invest, as cash isn't ideal in this period.
I've remained in touch with a financial analyst since the start of my business. Amid today's dynamic market, the key difficulty is pinpointing the right time to buy or sell when dealing with trending stocks - a seemingly simple task but challenging in reality. My portfolio has grown by more than 5 figures within just a year, and i have entrusted my advisor with the task of determining entry and exit points.
nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with 'Grace Adams Cook' for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I just looked her up on the internet and found her webpage with her credentials. I wrote her an outlining my financial objectives and planned a call with her.
California is becoming uninsurable
Time to move to Florida it's all good there lol
@@hu_b Texas 🇺🇸
Blame it on the state instead of the real problem, which is greed.
@@josebravo5125 Lol , like the oil companies and everything else that’s over regulated by the Democrats in California, good luck with that 🤣
And Florida.
Lower the homes prices..hello
This. In the end, this entire situation is driven by homeowners and buyers who have celebrated the ever rising value of their properties. I have seen 500 sq. ft. shacks go for 750,000 bucks. This is plainly ridiculous, but no one dares say the emperor wears no clothes. People get giddy when their appraisals come in at stratospheric levels, but when the house torches the insurer is like - "it's a 500 sq. ft. tool shed, how can it be worth half a million bucks?" Greed, at all levels from homeowners to county tax assessors to insurers, has created this mess.
With all the talk about a possible housing crisis, I’m getting nervous about my real estate investments. Has anyone started preparing for this?
I work with Kate Elizabeth Cressotti, and she’s been helping me strategize for a potential downturn in the housing market. She believes certain regions and asset types could be vulnerable, and she’s made specific recommendations to protect my portfolio.
I’ve heard great things about her! What’s her outlook on the housing market right now?
Kate Elizabeth Cressotti thinks we could see a correction, especially in areas that saw rapid price increases over the past few years. She’s advising against heavy exposure in overheated markets and is focusing on more stable investments.
My portfolio includes properties in some high-demand cities. Did Kate Elizabeth Cressotti mention anything about diversifying away from those kinds of areas?
Yes, she suggested shifting some investments to regions with steadier growth and less speculation. She also recommended diversifying into REITs (Real Estate Investment Trusts), which can offer real estate exposure without the same level of risk tied to any single property.
California has it's hand on the scales so there is no "market rate" for insurance. I want to be saved from the greedy corporations but the way to do that is strong competition. Who would enter CA's market when they can not charge the rate they think they will need to cover contingencies? Disagree, start selling insurance. Insurance Czars will not save us!
Need to get the cost of building / rebuilding down in CA through some deregulation. Cost to build in CA is high and that’s also factored into insurance rates.
It’s more than 2x to build now than it was just 10 years ago. I added onto my house and today there’s no way I could afford to do the same build.
With all the strict laws on insurance companies, maybe the state of California should develop a government run property insurance since they like to regulate these private companies.
Contingencies aren't new. What's new is it's harder for the listing agent to spit on people who don't write "clean" offers.
Any chance Harvey can open an insurance co and do a better job?
Hopefully as a result home values go down, tired of paying higher property tax
Rents about to go up, and ownership nearly impossible
Insurance crisis 😂home insurance and auto insurance increased 30%😂😂😂
More like 200%
mine 75% increse on auto. no ticket no accident😢
Question, what happens when a person purchases and finances a home and has insurance and subsequently the insurer cancels, and the homeowner cannot find coverage at any price. How will the mortgagee handle this situation. Thanks.
Lower the home prices, ffs
Im buying my home in stockton ca rn and its only 1,114 a year with AAA
Stocktone is kind of ghetto tho
You just haven't seen the adjustment yet!
And remember, this is all for this year, next year imagine how much more insurance will be... i didn't hear anything about property taxes being so high. 👀
Prop taxes are actually pretty low as a % in California, and Prop13 keeps it tied to purchase price plus a tiny % annual valuation increase- and in real estate price crashes they temporarily reduce the home values, and thus the taxes paid annually.
Think about 1% base property taxes and then any local voted for bond measures; mine add about 350/yr and there are half a dozen.
Gotta love living in CA lol
Cash is king.....
Realtors losing sales… my tears 😭
Make it to where you don't need insurance
You will own nothing and be happy
Don’t forget to eat the bugs too.
@@boostedmaniac as if. Bugs are way out of budget. Enjoy the great refreshing taste of "air"
@@everythingisfine9988😂
Why is the consumer protection dude blaming instance companies? The California government policies and outrageous regulatory environment are huge contributors.
30% increase? What a F liar! My home insurance went from $1200 to $3700 for my small property and my other house went from $2900 to $5200. My income didn't get a 50% increase in order to compensate for all these ridiculous rate hike. Force the hike on those homeowners who enjoys living in high risk area. My home is nowhere near any trees, its perch in a hill with no chance of flood. Now im forced to pay a ridiculous hike so these baboon can be covered?! Let rhem eat up rhe cost!
NICE
So who y'all going to vote for?
This is happening in Florida and Texas too.
Sorry MAGA - this is just as bad in the southeast Trumpster states
Democrat Utopia….
Nope happening in Florida and Texas too
Garbage In Garage Out.
Over policy by California government. Over regulations have caused insurance to take advantage of people. California need to reduce regulations and policies. DMV, insurance, taxes, county taxes. This is all because greedy politicians and corporations who have swayed California government over the last 5years.
It's time to create a new insurance business model
Homeowners insurance is a lifetime, survival necessity, not a commodity
.Create non profit insurance institution like the regional credit union, where everyone joins in to share the risks.Rates regulated by the state to insure price stability.
For profit model,even with lower ROI rate, The insurance corporations will have to double insurancepremium every ten years!
Here is your chance to open an insurance co and do a better job.
The fact of the matter is that the risks those policies are covering have skyrocketed. The money to cover those risks has to come from somewhere. You can't declare the risks non-existent by regulation.
The company notorious for dropping Californians, State Farm, is already a mutual. That means the only shareholders are the policyholders.
Keep voting for the same people and we keep seeing this once beautiful state go downhill like the mansions into the ocean in RPV. Uneducated emotional voters are to blame.