Demand has fallen off a cliff. Mortgage apps drop to lowest level since 2008.
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- เผยแพร่เมื่อ 15 ก.ย. 2024
- Demand for mortgages to buy a house has plummeted by 44% from pre-pandemic levels, and is now in the biggest collapse since the 2008 housing crisis.
Americans are no longer buying homes with mortgages because housing affordability has surged out of control. The typical payment for homebuyers in 2024 is around $2,800/month including mortgage, taxes, insurance
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Pretty amazing how buyer demand keep declining. In the face of declining mortgage rates.
Issue is prices. Sellers are going to realize that soon.
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Agreed. Home prices must come way down for middle America to afford even starter homes here in New Jersey that said all the homes here are being purchased by New York City transients. NJ huge bargain compared to NYC.
No, buyers are not coming back, because the unemployment and fear of losing jobs are increasing. It doesn't matter how low the monthly mortgage gets if people fear losing their jobs. Pay attention to jobs.
I was thinking I could buy in 2025 now it looks like more realistically 2026 or later.
Hello from Denmark
Is it only det Southern states in the USA that are struggling to keep the house prices up?
I can agree with some what you said. After the rate cut, I believe sellers being greedy will first raise their prices, then after there are no buyers they will try to sell at original asking price. They will have it marked down to make it appear like the buyer is getting a deal. When in fact they are not getting a good deal.
Mortgage rates are currently at an all time high since 2000(24 years) and based on statistics on inflation, we might see that number skyrocket further, a 30-year fixed rate was only 5% this time last year, so do I just keep waiting for a housing crash before buying or redirect my focus to the equity market
True, I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
my partner’s been considering going the same route, could you share more info please on the advisor that guides you.
Finding financial advisors like "Rebecca Nassar Dunne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
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.
That is so amazing, I’m trying to get onto the investing ladder at 40. I wish at 55 I will be testifying to similar success..
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
Report this whole thread as bots guys, thanks!
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes...
@@johnawara9719 That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@@FlorentGulliver My advisor is VICTORIA CARMEN SANTAELLA;
You can look her up online
@@johnawara9719 The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless Sonia bless America.
Please how
I am tired of working per time jobs
Please share more info
She's active on What's Apk
She communicates on WHAT S A P P on the digits below>
home buyers aren't on strike... they simply can't afford it
We need Trump so the economy gets better ❤🎉
I’m on strike waiting for the market to estabilize itself
@@conniebabcock2839 As much as I wish this were true, whoever is elected will oversee the worse depression in history. Trump would be the absolute best person to see us through it.
Refinance will sky rocket soon
I have 400k just waiting for prices to correct
If anything, it's likely to get worse. Affordable housing will soon become unaffordable. Therefore, I advise taking action now because today's prices will seem like bargains tomorrow. Until the Fed takes more decisive action, I expect we will see hysteria due to rampant inflation. You can't just halfway rip the band-aid off.
In the early 1990s, when I bought my first home in Miami, it was common for first mortgages to have rates between 8% and 10%. It's important to recognize that we may never see 3% rates again. If sellers are forced to sell, home prices might need to drop, resulting in lower valuations. I believe many people share this perspective.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Rachel Sarah Parrish is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I searched for her name on the internet, found her page, and reached out via email to schedule a conversation. Thank you.
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone wants to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
consider moving your money from the housing market to financial markets or gold due to high mortgage rates and tough guidelines. Home prices may need to drop significantly before things stabilize. Seeking advice from a financial advisor who understands the market could be helpful in making the right decisions
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
Monica Mary Strigle is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. I booked a call session with her
Very worrying. So do you think it's best for us who are not institutional investors to focus on index funds or individual stocks? I want to redistribute my 60k portfolio and I preferably want the asset class with the best return on investment.
Index funds are a safer bet to start. They offer good diversification. But individual stocks could make you a fortune if you know how to go about it. Some people make upper six figures yearly from investing alone. But it's always a good idea to work with a financial advisor. It raises your chance of profit by a lot.
Sometimes I'm surprised most people don't even know they can do that. I've been making at least 200k every year from my investments by working with an FA. When you realise it, it feels like a life hack.
Wow, that's interesting . I've recently been exploring the option of working with an FA too. Any chance you could recommend who you work with?
*Marissa Lynn Babula* is the licensed advisor I use. Just research the name. You’ll find necessary details to work with to set up an appointment.
Thanks a lot for the recommendation. I'll send her an email and I hope I'm able to connect with her.
Spot-on! My wife is an MLO in SoCal and has closed 2 loans so far this year. She has been an MLO for 20+ years. NO ONE IS GETTING A MORTGAGE.
Now you add in the number of Realtors not getting deals??? that is 200K+ here in Florida. How many of them are sitting on mortgages that they can no longer pay? Now, you do that for processors and title companies..... they are all waiting praying for a miracle that is not going to come. As soon as the Fed rate cut does not save the market, that is when you will see the layoffs really start.
@@jeremyturner8682 The government will have a loan forgiveness program.
@@cabot100 Who is going to give the US government a loan forgiveness program?
I think most of the business has shifted to new construction. Builders are buying down interest rates and paying nearly all closing costs. Resale market can’t compete.
@@safeandeffectivelol What do you mean by:
"Who is going to give the US government a loan forgiveness program?"
I'm eagerly looking forward to a potential housing crisis to make affordable purchases after selling some properties in 2025. I'm also considering investing in stocks as a backup plan. Any advice on the best timing for these investments? I've seen significant trading profits, but there are concerns about the market's instability and the chance of a dead cat bounce. Could you explain why this market phenomenon occurs?
Investing in both real estate and stocks could indeed be a wise choice, particularly when accompanied by a carefully crafted trading plan to maneuver through profitable prospects.
In challenging market conditions, it's not about mistakes; it's more about lacking the expertise to thrive. During such times, seasoned individuals who weathered the 2008 financial crisis are best positioned to foresee substantial gains.
Contemplating the idea of consulting advisors for guidance has been occupying my thoughts lately. I'm at a point where seeking counsel could be beneficial, but I'm uncertain about the tangible advantages their services could provide.
Desiree Ruth Hoffman, my CFA, boasts a stellar reputation in her field. I suggest delving deeper into her qualifications. With her extensive experience, she serves as an invaluable asset for those seeking financial market advice.
I appreciate this advice. Desiree seems to possess a wealth of knowledge. Upon reviewing her online profile, I meticulously examined her resume, which left a strong impression. I have initiated contact with her and scheduled a session.
The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income, thus I am looking at the stock market to fuel my retirement goal of $3m, my only concern is the recent market crash.
for the majority, the solution to their problem can be found in specialized knowledge... "Expert solutions require Expert providers"
Agreed, despite my rookie knowledge of investing, I have a financial advisor who did the trick in a bit more than 6 months after a lump sum capital of $500k. I've made a fortune so far, and I'm now buying real estates, gold and silver as advised by my FA.
i'm blown away! mind sharing more info please? i am a young adult living in Miami where i've encountered several millionaires, and my goal is to become one as well
“Jessica Lee Horst” is the licensed advisor I use. Just google the name and you’d find necessary details. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
curiously inputted Jessica on the web, spotted her consulting page and was able to schedule a call session, no sweat. Ive seen commentaries about advisors but not one looks this phenomenal
From paying for day care and college, to managing mortgage payments. I'm approaching retirement yet inflation is getting worse and recession is biting harder by the day. How can I generate more income to retire with at least $3m for long term care? I have about 750k in savings.
investors like you should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder.
Accurate asset allocation is crucial, I used hedging strategies to allocate part of my portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay financially secure for over five years, yielding nearly $1 million in returns on investments.
please how can I reach this expert, I need someone to help me manage my portfolio.
I'm cautious about giving specific recommendations since this is an online forum and everyone situation is unique, but I've worked with "Jessica Lee Horst" for years and highly recommend her. Look her up to see if she meets your criteria.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
I’m sitting on cash, and will not buy until PRICES come DOWN. I won’t overpay by hundreds of thousands of dollars for a lower interest rate. I sold a 6k sq foot home in 2022 for over a million and watched home prices double!!! Until they drop at least 25-30% I’m out. You can’t have parabolic growth without a correction. PERIOD!!! I’m renting a beautiful home in a country club for a fraction of what it would cost to buy. It doesn’t make sense.
Makes perfect sense to me.
Do it and buy in Texas once the bloodbath is over
“You will own nothing and be happy”
Coming true before our eyes.
@@badhair5435 if you buy at right time you can be happy!!🙏
I am doing the same thing. It is plain stupid to buy right now.
This is starting to feel like déjà vu from the financial crisis.
this drop in demand could signal a broader economic slowdown. With interest rates rising, it's become much harder for people to afford homes, which not only impacts buyers but also the housing market as a whole.
Construction companies, real estate agents, and lenders could all see a steep drop in business. If this continues, it could lead to layoffs in those sectors and a ripple effect across the economy, similar to what we saw in 2008. It feels like the housing market is teetering on the edge
Absolutely. It’s a bad situation all around. If fewer people are applying for mortgages, that’s less money flowing through the housing ecosystem, which could affect everything from home prices to consumer spending. And with inflation already high, the last thing we need is a housing market crash on top of it.
we aren't in the same situation as 2008. The underlying fundamentals are a bit different this time. Back then, it was driven by subprime mortgages and risky lending practices. Now, it’s more about affordability due to higher interest rates. There’s a chance that if interest rates stabilize or fall, we could see demand pick back up.
That’s true. And maybe this slowdown is what the housing market needs to reset a bit. Prices have been skyrocketing for the past few years, and that wasn’t sustainable. The cooling demand might bring home prices back to a more reasonable level, which could be a good thing in the long run
The wisest thing that should be on everyone's mind currently should be to invest in different streams of income that don't depend on the government. Especially with the current economic crisis around the world. This is still a good time to invest in gold, silver, and digital currencies (BTC, ETH...)
I began investing in stocks and Def earlier
this year, and it is the best choice l've ever
made. My portfolio is rounding up to almost
a million, and I have realized that when a
stock makes it to the news. Chances are
you're quite late to the party, the idea is to
get in early on blue chips before it becomes
public. There are lots of life changing
opportunities in the market, and maximize it.
What opportunities are there in the market, and how do l profit from it?
You can make a lot of money from the
market regardless of whether it strengthens or crashes. The key is to be well positioned.
I would really like to know how this actually works.
All you need is a good capital, and the
service of a professional broker, with those your investment will most certainly produce high yields.
I plan to retire at the end of 2025 at 62 after 36 years in Telecom as a sales engineer. My wife will retire in May 2026 and she's loving life! But walking away from a good income stream and building the nest egg to living from the nest egg is a scary proposition couple with the alarming recession and CPI report
I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
My advice: for newbies to grow financially this year, invest. Saving is good, but investing elevates your finances. Why newbie make huge losses on trade is because investing without proper guidance can lead to mistakes and losses. that will stop you from trading, this has been one of the biggest problem to new traders, I've learned this from my own experience
Tracy Britt Cool Consulting was my hope during the 'bear summer' last year. I made so many mistakes but also learned so much from it, and of course from Tracy.
I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimonies on CNBC news last week...
I keep hearing a lot about Mis. Tracy Britt Cool Consulting O'Reilly, she must be really good
My wife and i are sitting on about 40k for our first home. We want nothing to do with this market. We are paying 1100 a month rent just stashing cash. Between prices, insurance, home upkeep, taxes and stupid high hoa fees. We are really in no rush. It doesnt even seem worth it to us. If sellers want 450k for a 2 bedroom 1 bath home built in 1948 they can keep the house
Good for You!! Hang in there! 🙂
Hopefully you're making 5% on that money. That's $166 per month to help out with rent.
We are sitting on $80k with no rush. We rent a small 600sf house with a great view for $2,800; a typical mortgage would be $5k-$5,500. Southern California.
@@jonathantaylor6926 i have it in treasury ladders. (I work in wealth managment and planning)
Hold strong buyers. The bag holders are freaking out!
In our neck of the woods, Sellers who bought in 21 are asking 200% of the price they paid…so more or less double what they paid, often times with no improvements whatsoever and of course absurdly high interest. It’ll sit on the market for six months and they’ll drop it $10,000. It’s offensive we’ll keep waiting.
Same here, that Grandma house that was $600k 3 yrs ago is now $850k, still needs a whole renovation
See the same crap here. Total garbage
Similar situation here in CO. My mom’s neighbor bought in 2015 (or thereabouts) for $500k. Now they’re looking to sell and are listing the house for $1.1 million. Notably, their realtor recommended that they sell at $750k (the house has not been renovated since they bought it and has pretty dated cabinets, floors, etc.). They insisted that the he realtor put it on the market for the $1.1 million and said they they “are in no rush” to sell and will wait for a buyer to purchase at or around their asking price. What’s interesting to me is that the realtor sees the writing on the wall, but sellers are still thinking it’s 2022.
Absolutely! Interest rates not an issue. The issue is PRICES!
Yes your 100% right
Interest rates aren't the problem. The problem is prices. Interest rates are the solution.
Most buyers are idiots and see interest rates as the driving factor. They are not buying because they know the Fed is dropping rates, so they are waiting.
@@craptacular8282the problem is new buyers keep buying
@@craptacular8282Interest and speculation are on the same coin, just on different sides.
It's too late for solutions. We are facing predicaments which don't have solutions, only outcomes.
2100 a month? Nope, it's got to be lower for people to start buying again. How many millions of people are going to lose their jobs in this mess?
Try living in California. 2100 a month you can’t even find a 1 bedroom rental
@@samuelgurgen3436I’ll rent you my garage for $2100
That’s about it
Cali ain’t no joke.
That or hours drastically cut and pay frozen.
Hope a lot
@samuelgurgen3436 try moving
Amazing video, I noticed that most people work for 40yrs to have $1M in their retirement, meanwhile some people are putting just $10k to $50k into trading from just few months ago and now they’re multimillionaires
Investing can be complex, so it’s smart to get professional guidance when building your financial portfolio.
If you’re new to investing or don’t have much time, it’s best to get advice from an expert. Investing without proper guidance can lead to mistakes and losses. I’ve learned this from my own experience.
Yes getting professional help is a smart move when it comes to building a strong financial portfolio that matches your long-term goals.
It’s always wise to seek guidance from experts.
Waking up every 10th of each month to $64,000 it’s a blessing to I and my family… Big gratitude to Jaspreet Singh🙌
Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can’t decide what is best. Can you explain further how you invest and earn?
All my clients are sitting and waiting. These prices must come down. There is a limit to how much the consumer can be pressured. Even lower rates will not help, really.
I bet.
People are broke. House prices need to fall to where they were 10 years ago. 50% drop is needed.
50% drop before I'll even look.
I agree, I will hold my cash until then. I will NOT overpay.
If housing “drops” 50 percent you’ll see a bunch of your fellow citizens in financial ruin. Never hope for that.
They should loose everything and sleep in the dumpster.@@CMBBmc-jd6ur
@@CMBBmc-jd6ur Not hoping for it, they are in financial ruin as it is. Don't feel badly at all for these people, they are the ones who drove up the prices to begin with, out bidding each other to insane prices without understanding basic math and economics. They are the reason we have an affordability problem. So, yea, I actually am hoping for these imbeciles to learn their much-needed lesson. It is the only way for ordinary Americans to afford to buy at normal levels. A much needed 30-50% correction is necessary and justifiable.
Nick Gerli, one of the greatest champions of consumer awareness of REALITY of the housing market. Thanks for being one of the good guys. Nick saves America from making huge financial mistakes. Blessings
The best!!
People who listened to him two years ago and didn't FOMO into overheated Texas and Florida markets are probably very happy they did (and took the slings and arrows).
Prices are just too high. Sellers are delusional. Once the prices drop, people like me will jump back in.
Yes you are on your game your total right!!!!!!!!!
so it won't drop since people will jump in?
@@tongtongwang huh?
@@mikeshafer balance it out...
@@tongtongwang 👍
Home prices are 60-70% higher than they should be. Only idiots will buy houses at these insanely high prices.
People were delusional in the last recession of 2008 before they finally listed their prices at reasonable prices. We are still in the delusional period in a lot of areas. The longer they wait, the more they will lose in the long run.
You're going to have to see at least a 50% drop in prices before buyers will return. People are broke.
😂😂😂.
Government employees at all time high, pay-wise.
@@Zygote1205 Sure all on the Democrat payroll
mortgage applications might be the wrong variable to look at since blackrock buys in cash then rents out to illegals who are using free housing vouchers... so the houses are still getting sold (high demand) but it's not showing up in your data because you can't track the illegals... you can' track what they are doing in the housing market because they don't want you to be able to see what they are doing, it's all very hush hush so Americans don't find out until it's too late... just imagine what a free $150k loan would do to the midwest where the average house is under $150k in some places, the entire midwest and rural real estate would sell to illegals using YOUR MONEY in about 5 minutes and they never have to pay the loan back if they never sell... FREE HOUSES FOR PEOPLE FROM OTHER COUNTRIES while Americans suffer and die
We need to have homes at $1,500 again. That is comfortable for folks. Even his $2,100 is high. Until homes are under $2,000 again, nobody can buy, you're right.
Look, coming from a layperson, let me tell you that most people cannot reasonably afford a $300,000 mortgage at a 0% interest rate…
You are so correct. 80% of the population is BROKE.
Our congress has no idea how we Americans are feeling, we individuals are fed up with this treasonous administration. I feel pity for our country. A lot of people are suffering to survive! I appreciate Ornstein Lindsey! Imagine investing $2000 and receiving $10,500 in few days of trading.
I'll advise you to work with a financial advisor.....Building a good investment portfolio is more complex so I would recommend you seek
I need a financial advisor who will help me with financial planning, investment decisions, and wealth management
Wow, I'm surprised to see Ornstein Lindsey mentioned here as well. I didn't know she had been kind to so many people
I'm surprised you also trade with Ornstein Lindsey, she's the best at what she he does. At first i was afraid too before i gave it a try and realized fear kills dream more than failure.
That is true my dear, Investment is the best idea presently and without it, human struggles are worthless.
House prices need to drop 50% before most people would realistically would want to buy
No one has money. PERIOD.
+1 you get it
illegals have a lot of money... mortgage applications might be the wrong variable to look at since blackrock buys in cash then rents out to illegals who are using free housing vouchers... so the houses are still getting sold (high demand) but it's not showing up in your data because you can't track the illegals... you can' track what they are doing in the housing market because they don't want you to be able to see what they are doing, it's all very hush hush so Americans don't find out until it's too late... just imagine what a free $150k loan would do to the midwest where the average house is under $150k in some places, the entire midwest and rural real estate would sell to illegals using YOUR MONEY in about 5 minutes and they never have to pay the loan back if they never sell... FREE HOUSES FOR PEOPLE FROM OTHER COUNTRIES while Americans suffer and die
Disposable income is what makes the world go round, and we ain't got none of that!
The ones with money already own and are sitting tight.
I have tons of money I'm just holding on to it and waiting
Old houses that need work should not be listed at 350K+
When new homes are at the same starting price.
Cars depreciate. So should certain homes.
Nonsense. People will not be giving away their generational wealth.
Hit 200k today. Thanks to Stella for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in last months 2024. My investments are very profitable.
Wow, that's huge, how do you make that much monthly?
I wish to start investing but I don't know where to begin, any advice or contact for help?
It is wise to seek professional guidance when building a strong financial portfolio due to its complexity
Talking to an expert like Stella Olsen to reshape your portfolio is a very smart move
The reality is that you can't do it without a tried and true person like Stella.
2100 is still too high for a single person buyer
VERY FEW exceptions
The two income world is here to stay. Ever since women entered the workforce en masse (late 70s), single people have had to compete with the two income power couples to buy just about everything (not just houses).
Tell me about it. 2 income households have destroyed the market. Makes it extremely difficult for single income households like me to survive @@CaptainCaveman1170
Yea, I'm in that 30%+ drop group ! Thank you Nick :)
Zillow is total bull shit unless it is a sold price. Zillow guesses. Get an appraisal to get the right price. Check the sold prices. This is all due to debasement, inflation, printing IOUs. It is a dollar collapse, not a housing problem. The dollar is falling. House, stocks, gold, assets up since 1964 when one million dollars both FIFTY new houses. Today one million dollars buy TWO new houses. Price is not the problem, dollar is.
I'm favoured, $22K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
You're correct!! I make a lot of money without relying on the government.
Investing in stocks and digital currencies is beneficial at this moment.
I just want to use this opportunity to say a very big thank's to Sonia duke and his Strategy, he changed my life.
Soina Duke program is widely available online..
Great reviews! I will definitely give her a try with my $5000 and see how it goes
Started with 5,000$ and Withdrew profits
89,000$
Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!
You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.
My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor.
Jennafer Beaver Turner is the licensed advisor I use.
Just research the name. You'd find necessary details to work with to set up an appointment
I just copied and pasted Jennafer’s whole name into my browser, and her website appeared right away. You've saved me several hours of arduous research, therefore I appreciate it.
Home prices are still overpriced. They need to drop another 30%-40% before buyers like myself return to the market. I feel sorry for those who bought during the buying frenzy after the pandemic. The prices they bought at were at the peak, and now they are stuck. Even if interest rates go down, buyers are still hesitant to buy while the prices are still overvalued.
It’s ridiculous with those prices. FOMO never a good thing.
*Our congress has no idea how we Americans are feeling, we individuals are fed up with this treasonous administration.I feel for people with disabilities for not getting the help they deserve...Thank you Ms Laura Ferguson..imagine l invested $1000 and received $3,900 in 5days.*
Wow. You know Laura Ferguson too? I thought I'm the only one she has helped work through the fears and falls of the forest. Her training last week was amazing and the strategy she applied were mind blown
*My dear, everyone needs more than their salary to be financially stable. Investing it with a reliable source is the best.*
Wow, it is truly inspiring to hear how Ms Laura Ferguson,mentorship and dedication led to such remarkable financial success.
I'm thinking about investing, What are the strategies?
Truly facing this recession without investment is actually risky, salaries are easily spent off.. This inflation has taught people the importance of multiples income investment helps a lot.
Im building a house right now and acting as my own GC. I am going to spend about 50-60% of what a comparable house is selling for right now. The builders are making insane profits on these houses. Material costs are not much higher than they were pre-pandemic. Now that I’ve seen behind the curtains, I can say the builders have a lot of room to drop prices before they start losing money.
I've done that before.... much older now and just don't have the time. Living overseas now just a slower lifestyle. 2K a month takes care of everything. Healthcare is better as we pay cash (go to the front of the line) with my healthcare insurance paying 100% because it's a fraction of what they would have paid in the US for the same care. We have $1000's left over ea. month we just give to our kids. Better quality food that cost less...........
Not sure how many subs you are using but you are 100% paying WAY more than some giant INC builder.. they get a big discount when they are building 450 homes. What you're doing is still a good idea just making the point that you will pay more per sub and still do the job for way less.
@@jonathantaylor6926Im also not building a “builder grade” cheap ass house thrown together as fast as possible. I have $15K garage doors, 11 foot ceilings, marble countertops, wood floors, 6 car garage…Im going to be close to $150/square foot when im done.
I had 3 custom home builders all quote me over $275/ft to build this house. That means they would have over $100/ft profit margin on it. 🤡
Woah! How do you do that? Seems like it'd be difficult to not get jerked around by all the subs
@@Dickie9028 Nice- I too am considering bailing out. Where do you live?
People are fed up! I am Gen X and have never been able to afford a house, while my parents and grandparents who worked humble jobs bought their homes in their 20s and now have hundreds of thousands of dollars in equity! I think millennials, who make way more and can't even afford an apartment now, are justifiably pissed (which is why I have no clue why they vote Democrat).
We vote Democrat because they will bring down the entire system, not because we like them. Why would I vote for the king of boomers, who only cares about rich people and their stock portfolios?
Gen X = 1965 - 1980 “I have never been able to afford a house” - be honest that this is from poor choices you have made in your life.
@@thisguygardensI agree with you . This socalsal guy wants to blame political parties for his poor financial decisions. I’m Gen x too, both parties have come and gone in my lifetime, I’m closing on my new house next week, maybe , stop blaming politics for your poor planning.
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Victoria Wiezorek.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
You trade with Victoria Wiezorek too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
If the Fed wanted to lower inflation then they have to address the root cause. And the root cause is the outrageous price of gasoline and diesel which causes everything to increase in price. The oil companies and refineries are gouging, period. The government needs to make an example of one oil company, national it, the other oil companies will crap their pants and lower the fuel cost instantly. If the oil companies don’t lower their prices then the government just orders their newly nationalized oil company to compete against the other oil companies. I don’t think this will happen because the government is in big oils back pocket. And the government wants inflation high to deal with the 31 trillion in debt. if you are losing in the current dip or you look forward to start the best way to go is trading with the guidance of an expert. Sandy Barclays has been one step ahead of other analysis, with her strategy I was able to accumulate 15.03 Btc lately.
Sandy Barclays program is widely available online
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience.
Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Sandy insights. It's akin to finding a diamond in a coal mine.
If the market has taught me anything, it's that it always recovers, but I can't seem to focus on the long run, when major factors like my retirement and my reserve are wreaking havoc on inflation. I require a solid data trajectory and solution as soon as possible.
Sandy gave me the autonomy I need to learn at my own pace and ask questions when I need to she’s so accommodating.
Homes are sitting vacant in Phoenix metropolitan area for over 100 days and coming down with multiple adjustments and still not selling
It's not just the home price and loan interest rate, who can afford the Property Taxes and Ins anymore???
500k for the average house in way too much, even if the interest drops to 3%, the new home owner will be paying over 15k in just interest, plus property taxes and insurance, you could be paying 2k a month just in fees, plus an HOA. That's with no principal paid. California and New York priced everyone out, with greed
Zestimates dropping everwhere. Every house I click on has a Zestimate lower by 15-35k than the list price. It's crazy! Wasn't like this a couple years back.
Real estate is local. Where I reside home prices are not being slashed.
That’s similar to what I see but the asking is still 15% more than the value last year. This channel is just fear mongering though.
Never buy a home more than 5 times your annual salary and never buy a car more than 1/5 your annual salary.
Do that and you'll be off the plantation in no time.
Bought in 2022 at 4x salary and then put 20% down on a 15yr at near 2%. No appraisal waiver, house appraised out. All against the recommendation of this channel. Salary has increased 30% since then as well. We are not ALL in the same boat. No car payments, no credit card debt.
@@D2O2 Soon you'll find yourself off of the plantation.
Even if you made $25 an hour, I think a monthly mortgage of $2100 is too high.
The bottom line is, many of the homes in Florida , built in the mid fifties for less than 30 grand, shouldn’t be worth 350 to over 400k. What the tax appraisers and county commissioners have done is criminal.
Look who runs Florida...Trump's mini me .
I just bought a house in punta gorda for 172k. House is in the mid 50’s. They wanted 200k for it
$25/hr is only $52K/ year, that's barely enough to pay rent and that's what most of these greedy corporations run by Boomers and Women who are terrible at math don't understand.
It’s not the tax appraisers fault when idiots from Cali and NY are coming here and waiving inspection, waiving appraisal, and paying cash over asking. They did this to the Florida market. If 3 idiots come in and each one was willing to pay over asking each time then they just put up the comps. This is ruining my city for the people who live here, especially first time home buyers.
I make 33 an hour, work two jobs and pull about 90k annually. 2100 is still too much. I'm in that 1500 per month ball club.
Sellers who sit on the market slow playing price cuts are playing Russian roulette. Sellers are praying for help from the Fed Cut -BUT- Market has already priced said cut into TODAYS rate. Buyers still aren't biting AND-if the Fed is truly cutting because they see major recessionary pressure ahead-pile on even more inventory to the growing list (and add to that a motivated seller who can't afford wait around). Great Video, Nick.
I keep telling people the Sept fed cut has already been baked in 😏
they dont have a choice they are already underwater with all the helocs and second mortgages that are not reported but the majority of homeowners i know recently tapped their equity to carry their cost and have fun while they wait.
I know a person that bought 3 properties in the central Florida region during the boom era of 2020-2021. The problem was they were all new construction and the closings were done on August 2022 when interest rates went up to 7%. Now these 3 properties are on the market for sale but the owner only decreases $5k a month. For each property they want $150K of profits for the 2 years they were holding them but only decreases small amounts. There is blood in the water people.
@KAZHE63 this is true. Stock drop after each negative publicity on the market, but the big three buy right back in raising the market back up. If rates drop, we're screwed.
Exactly right 👌🏻
$2100 per month for a mortgage? Sorry sir folks are tapped slam out! I can see maybe $1200, or $1500 but $2100?!? That’s still too high for the average family!
People are broke with those high prices
@@MLagarde0425 ABSOLUTELY!!!
Correct
The FOMO caused people and investors to over pay for houses. For the people it wasn't about value, it was about if the payment fit in their budget. Well, inflation have blown everyone's budget to hell in a basket. So those trying to sell are finding out or will find out soon. Their houses have lost the purchase value, so good luck with "marry the house and date the rate" B.S. I guess economics wasn't taught in school? I've been waiting for a little over 2 years to purchase, when the prices fall to match actual values of houses I'll come back into looking. Again, people need to educate themselves on actual value and let the seller keep puffing on their "hopeum" pipes. I will not sign a contract with any Realtor to unlock a door to look. An hourly rate? ok. I'm sorry, but to pay someone 2-3% on a purchase is done in my book. The biscuits have come off that gravy train, folks! If people being screwed over this last go around hasn't shed some light? Waste your money, I hear it comes easier these days.
It doesn't matter what the rates do. It doesn't matter how low the prices go. Most people are too busy trying to survive to think about buying a house.
As a Floridian, I have to remind myself that even though Florida and Texas will experience 50+% price drops (they'd have to in order to get back to the 100+ year historical trend line relative to median incomes) because Florida has experienced 110-120% price increases from just 2020-2023 alone, 95% of the country has only experienced 30-50% price increases in that same time period. When someone says they'd consider buying a home with only a 25% price reduction is blows my mind until I realize they must not live in Florida. You need to earn $90,000+ a year in FL to afford the average fixer upper.
100%? If you look at canal houses, it's averaging about 400% markups in the last 4 years. I've seen 8x.
I would run if I were in Florida, insurance prices will be higher than mortgage payments along with property taxes.
Here on the Treasure Coast in Florida the listings are a good $150K or more over 2019 levels. We need a 50% or higher correction to get back to pre pandemic levels. People that bought in 2021 0r 2022 that are trying to sell now are tacking on $100K. A lot have lowered their prices by $50K or more and are still sitting. DUH-the prices are still too high!
The collective American public has spoken that the houses aren’t worth what the market says they are right now. It should be 30-40% drop at least.
Amen!
Incorrect. Just an uneducated opinion. People who have homes believe the exact opposite. If you can’t afford a home, don’t begrudge those who can.
@@CMBBmc-jd6ur You’re absolutely right.
@@CMBBmc-jd6urActually those of us that bought on back of GFC want prices to come back to reality as well as we're being gouged by insurance and property taxes. There is no way our property is worth $500k+ more in less than 13yrs.
@@CMBBmc-jd6ur66% increase in 13 yrs on our home. That's not reasonable. At all.
My realtor is confused as to why I’m not buying even though interest rates are coming down. She actually said to me “Prices are not coming down” like she has a crystal ball! I told her “I lost two homes in 2011 - and my realtor back then said the same thing to me in 2008.” I’m waiting. It’s coming.
Most people have NO $$$$$$$$$$$$$$$$, and soon they’ll have NO JOB.
U should invest w ferguson. Solved everyone else's shitty lives. Next scam please.
Rates were artificially low for so long, house prices grew to reflect that cheap money. I'd been casually looking for a few years, in a particular price range. I FINALLY found my dream house, ran the numbers, and realized that price range was now WAY too expensive for me, despite me making much more money than when I started shopping. House prices have to come down due to interest rates getting back to normal.
Nick, I have money saved for a house, but I will NOT be buying in these trying times. I will hold that money in case of emergencies or lay offs. Once the economy recoups, and the homes come down, then I will think about getting into the game, not before. I wonder how many more are like me. It simply isn't wise to blow all your money on a failing asset in times like this. Prices in my area doubled in a short time. It needs to decrease by 50% before I will get back in the game. It isn't the interest rates, it is the PRICES.
This🫡
The Fed can drop rates to zero won’t help!
Yup, even at -0.
Waiting for a 60-90% price decline before I put my money in this market. It will be good for those who have been waiting.
Ps just from the chart you showed the price levels are more like 1.4k to 900. Just saying...
Won’t happen. Also, you don’t have any money.
@@CMBBmc-jd6ur your right. I don't have any cash.
That would be a full-on depression situation for our country😵 will prob happen tho and at 60% drops a LOT of people would snap up houses everywhere!! ✌️🇺🇸
@@CMBBmc-jd6urYep, he’s broke and dreaming he’s a hotshot investor.
Houses are 30-50% overpriced! Nashville real estate is ready to collapse. Guess who will loose all their paper wealth?
I will look for housing market not only when rate cuts will hit 0 lvls, but also when we will hit much higher unemployment lvls. For now i'm totally uninterested in housing market, i'm waiting for black swan event. 👍
Let me warn people about flipper homes.. we bought a flipper home and had to spend 50k on fixing some things that wasn’t done properly or was covered up.. unfortunately the home inspector missed a couple of things and we definitely paid for it.. stay away from flipper homes unless you get a good deal and have money on side side for fixing!
What did you have to repair? I bought a flip home 5 months ago and I wasn't 100% comfortable with it for that reason.
flip your own house or leave it alone.
Lipstick on a pig remodels.
How could the house price double in just four years, and now they're suggesting I return, hoping the price would drop by only 20%, while the interest rates are still sky-high? And how much has my salary even increased during this time? I'm happy with renting
Actually the interest rates are not sky high. They are normalized.
@@jeremyturner8682
Yes, I’m celebrating the mortgage rate increasing from 3% to 6.4%, and that house prices have doubled in less than four years🎂🎂🎂🎂
@@fh1087 Mortgage rates were never 2%.
It’s not that prices doubled. The dollar lost 50% of its value. M2 money supply went through the roof, Trump printed trillions of new cash
For the dollar to lose 50%, but the house price more than doubles ,makes zero sense to a potential buyer.
The “lipstick on a pig” effect very real down here in FL. so many garbage houses with garbage remods, feel sorry for anyone who’s paying $3-4k a month to live in one of these ticking time bombs
Re; Applications - We are sucked dry by greedy secondary expenses. Making $500 more a month only to see insurance, power, and food go up by $600 a month. If you aren't already in a home, you're not applying for one now if you are in the lower 50%. Not even in the next 4-5 years, most likely.
People can't even buy food without having to use their credit card. Everything is super expensive. The hospital I work for just laid off over 1000 people. Most people will NOT go out to buy a house even if interest rates go to 0%. Most people are BROKE.
I have friends who have an Air BnB and recommended I get one too. I looked at a similar house in the same neighborhood and realized my mortgage would be HIGHER than what they charge as a monthly rate! I noticed this same pattern right before the 2008 crash.
Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!
I want to start too but i don't know how..
Lol, what strategy do you use please?
Exploring new investment opportunities demonstrates your proactive stance towards financial growth during these volatile times. Diversifying your portfolio can play a crucial role in effectiveIy mitigating risks..
Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to Adriana Catherine
Nice to see you talking about her, sHe is really amazing, she has amazing skills, she changed my 0.3 BT C to 1.9 BT C ......
Fortunately, my spouse and I were able to pay off our mortgage early. While we were both still employed, we took the money we had been using to accelerate our mortgage repayment and invested it immediately. Thanks to nearly 7 years of saving what would have been our mortgage payment and to maxing out our 401K/403B plans, we were able to retire early. Fortunately, both of our parents instilled in us the need of living within our means.
Thank you for your advice. I know it will help people. we are interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?
Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
This channel brings so much value. THANK YOU NICK!!!
Excellent video. Hit the nail on point!
It's not the interest rates. It's the home prices that need to come down drastically
I don't even want to pay 2100 a month. That's too much house for one person. Stupidly wasteful.
Rates are not high, they are average. The price of the assets are over priced and buyers are figuring it out
The problem is that the only reason people were buying homes is because they thought the prices were going up and they had FOMO. Now that prices are falling, the last reason to buy a home is gone! As jobs evaporate and stress builds, we will have another housing crisis.
Prices across the board for almost everything need to reduce by at least 50% to more realistically match income levels. 😊
You’ve hit the nail on the head. It’s amazing that people think that it just the housing costs that are too high when in reality it’s everything. Many here are looking for housing prices to drop to pre pandemic levels when everything else has gone up also. They’re missing the big picture.
So Glad i saw this coming last year and sold the top
I learned a lot time ago, even if you are buying for your primary residence, you have to run the numbers as if it was an investment property. At this point, most of the areas I'm looking at are 20-30% overvalued. If you cannot rent a property and at least break even on it, it is overvalued.
I'm in DFW Texas. Inventory exploded in my zip code but they still want high prices 😂
We have been looking from Denison clear over to Granbury. All suburbs and outer cities- home prices ridiculously high.
THE ISSUE IS GREED !!!!!!!!
Home prices are outrageous! Even pre-pandemic prices where very high, so the housing market needs to drop at least 50% before I'll put my big toe in again.
Looks like you will have dry feet for the rest of your life
If the Fed wanted to lower inflation then they have to address the root cause. And the root cause is the outrageous price of gasoline and diesel which causes everything to increase in price. The oil companies and refineries are gouging, period. The government needs to make an example of one oil company, national it, the other oil companies will crap their pants and lower the fuel cost instantly. If the oil companies don’t lower their prices then the government just orders their newly nationalized oil company to compete against the other oil companies. I don’t think this will happen because the government is in big oils back pocket. And the government wants inflation high to deal with the 31 trillion in debt. if you are losing in the current dip or you look forward to start the best way to go is trading with the guidance of an expert. Sandy Barclays has been one step ahead of other analysis, with her strategy I was able to accumulate 15.03 Btc lately.
Sandy Barclays program is widely available online
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience.
Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Sandy insights. It's akin to finding a diamond in a coal mine.
If the market has taught me anything, it's that it always recovers, but I can't seem to focus on the long run, when major factors like my retirement and my reserve are wreaking havoc on inflation. I require a solid data trajectory and solution as soon as possible.
Sandy gave me the autonomy I need to learn at my own pace and ask questions when I need to she’s so accommodating.
Yep, Zestimates dropping like rocks in FL, but sellers aren't taking the hint. Homes are still being put on the market at ridiculous prices that aren't in touch with reality (or what Florida wages can even begin to approach).
You said it. It's home prices not rates!
I still wouldn't be able to afford $2100 a month.
most wouldn't because it doesn't account for increased insurance, taxes, maintenance, food, cars, etc.
1500 a month for me.
I don’t want to buy a house because I’m sick and tired of the Federal Reserve controlling the housing market.
Bankrupting the buyers who bought at the height of bubble 😢
They had it coming. Do dumb things get dumb results.
I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quiet mediocre neighbourhoods. Then you’ve got Better, average sized homes in nicer neighbourhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
Personally, I can connect to that. When I began working with a fiduciary financial counsellor, my advantages were certain. I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2021 this time with guidance, Long story short, its been 2years now and I’ve gained over a million dollars following guidance from my investment adviser.
This is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
Your videos keep me awake and alert on the road...
I live in Austin. There’s been some correction since the 2022 highs, but nowhere near falling all the way down to the early 2020 pre-pandemic pricing.
$2100 a month is good but, by the time taxes, insurance, and hoa fees are added the monthly is back up. Maybe the question is can the average home buyer afford something closer to $3500 a month.
With 2100 a month mortgage, who has money left over to try and retire?😂
I'm in central Florida. As long as renting remains significantly cheaper here, there isn't any incentive to buy.
$1700/ is the sweeter spot.
I rented a 2 bath apartment for 36k. I bought a 3.5 bathroom house for 6k yearly property taxes. Every year I don't rent, I'm saving at least 30k.
300k savings over the next decade. Guaranteed my house will sell for profits in a decade. As a primary residence, unless you plan on death ☠️ in the next decade, just buy whatever you need ASAP.❤
Key is to payoff ASAP though ❤
@@economicdevelopmentplannin8715 you're gonna need a bedroom, unless you want to sleep in one of those bathrooms
@economicdevelopmentplannin8715 won't matter with taxes and insurance going through the roof.
property taxes go up either way for renters and non renters - so there's no difference to be measured here. Until property taxes are abolished, 'everyone' regardless of home ownership status, has to pay the property taxes (it's wrapped into the rent by landlords). Insurances however actually aren't required with a paid off house. Again, I'm saving 300k over the next decade which can be invested elsewhere. Plus with the extra bathroom, I can rent out the extra space if I want. This brings in another 150k over the next decade for investments to retire early.
Anything about the effects of illegal aliens and the housing market ?
OMFG the zestimates just started to turn down in my area. Pasco, WA.