I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.
Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
“Sonya lee Mitchell’’ 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 just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighborhood that cost around $450k in sales in 2019 are now going for $800 to $950k. Every seller in my neighborhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.
Home prices will come down eventually, but for now; its best to offset some of your real estate investments 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.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
My CFA ’’Colleen Rose Mccaffery’’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Appreciate this recommendation, hopefully I can get some insight to where the market is headed and strategies to beat the downtrend with when I hear back from Colleen.
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!
Soon, cheap homes won't be cheap anymore because prices today will look like dips tomorrow. I think inflation will cause panic until the Fed tightens its grip even more. You can't just pull the band-aid Off half way. Booms and busts are the ups and downs of the economy, and they will affect any investments. If you are at a crossroads or need honest advice on the best steps to take right now, it is best to get counsel from a financial expert.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
’vivian jean wilhelm’’ 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 just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
400 billion dollars for student loan forgiveness, now how many billion dollars for the 1st home buyers? The national debt is rocketing to the moon, the inflation is going out of the roof...
The difference is the student loan forgiveness is a wealth transfer effect (money from one person to another), while a tax credit is just keeping more of what you make.
yeah another billionaire or billionaire owned puppet will really change things 🙄. We all know there's only one way to take the country back but no one has the stones for it
No. Baby Boomers are the source of this problem. Starting from the 1980s they have run up massive federal debt to finance the run on the stock market and home prices. They used the money to party like no tomorrow and leave the debt for their children and great grand children to pay off. Cut social security benefits and make modifications to the tax system to make them pay.
EVERYBODY who works for a living is getting screwed. Our government cares more about illegals than citizens and steals from us to give to them and other countries, especially Ukraine. Enough is enough. Dump Biden.
Why do you think they want it to go down. I work in the revenue department for my city. They love high prices more taxes for the county which gives them more spending money. They will inflate this housing market forever until they can’t anymore when people decide to not buy anymore.
We need houses to be affordable we don’t need $400 we don’t need $10,000 We need inexpensive houses. I refuse to be a slave to the system and cooperations.
Supply Supply Supply..... if you give More Tax Credit to 1st time homebuyers= Demand will go up causing more inflation in Home Prices!!!!! and this won't solve any supply problem. Our president has a brain of a 1st Grader 😅😅😅😅😅🙄🙄🙄🙄😐😐😐He will make it Worst!!!!
lol Just about all the programs they created were for poor Americans! The minute they try to make housing a little more affordable for the people who managed to save enough to finance a house, you complained?
@@lickalotlickalot2210 That's the problem. This will not make anything more affordable, only exacerbate the situation and at the same time increase the government deficit even further. If you subsidize on the buyer's side, all you end up doing is allowing seller's to price even higher. Just think about it logically. Subsidizing buyers means more buyers will enter the market to purchase, so more demand. Holding supply constant, this then pushes up the price. It's freaking the most basic of economic concepts. What everyone is so tired of is Biden sacrificing our long term economic health for short term, debt-driven, temporary benefits. Same f-ing thing with student loans - disguising "help" when it's just creating a much bigger, much more problematic mess in the future.
Affordable my azz.....A young married couple has no chance if they are a blue collar worker. 250k 1100 sq.ft. home. Even mobile homes are WAY to expensive at over 100k for a single wide thats going to fall apart in 10 year's.
And it depends where you live. My neighborhood is 1mil for 1500sqft. I don’t think a blanket federal aid makes sense, but the reasoning behind it shows we’re on their radar.
In SC got an acre and a manufacturer home for 200k. He thinks lowering the interest rate will increase demand but here's why it won't. Demand will always be high. But when interest rates are high the price of the house drops making it affordable. My 200k would be 300k if the interest rate was 3%. Because they would be sure it would sell. I actually paid 193k not 200k. The appraiser appraised for 215k. The evaluation is based on market. 200k is affordable with a 7% interest. But more importantly getting the lender to approve. That's where the issue comes in. When the lender has to pre-approved for more than you can afford. So you're not able to even find a house. Because you can't get approved for anything good on the market because the interest rate is so low.
It's deficit spending ie, money created from nothing and spent into the economy as debt. It's a secret tax where you borrow from the future. Future all of us pay for it with a devaluation of the dollar.
Trading without professional guide....Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders
I know that learning the ins and outs of investing isn't for everyone, and that's why personally recommend , Alexander Finely Thomas , an expert fiduciary oversees my investment in ways that have made me good profit.
@@DanielSmith-tl2uxHis name is. ALEXANDER FINELY THOMAS’. Just research the name. You’d find necessary details to work with a correspondence to set up an APPOINTMENT. he delivers all My trade without no payment excuses
Why would you give up your 2-3% rate for a 7-9 rate on a home. Middle income families can’t afford to buy home with rates that high. especially with homeowners insurance to stack on top of it.
This will do nothing to make homes more affordable. It doesn't lower the cost of homes and it doesn't increase families' incomes which is the most important factor in getting financing. This is just a cash back for those already able to secure lending.
Idiots Guide to Buying Re-election: Step 1- Stimulus Checks. Step 2- Student Debt "Forgiveness". Step 3- Home Buying Credit. All funded by the taxpayers already paying an effective tax rate of over 50%.
This Biden $400 credit will help all those investment firms that bought up all those SFRs and then tried to flip or rent them out. .... Is it a good idea to kick the can down the road one more time in the short run? IDK, you tell me when when the music stops. ... Btw, has anyone noticed: It's getting harder and harder and more and more expensive to get home insurance coverage lately??????????
Even if everyone gets $400 a month...things like home owner insurance and maintenance costs...most people cannot afford. Buying a home is stupid right now
There's a huge reset of wealth right now, commercial real estate is down at least 30% same with the stock market, high tech with huge multiple variations are down more than 40%. So is this a good sign to buy stocks, or do I just hold cash? I own a house already
transfer of wealth usually occurs during market crash, the more stocks drop, the more I buy. bear it in mind that investments are subjected to risk, hence it is ideal to seek guidance from an advisor unless you a pro yourself
Well said, I learn from youtube but got in touch with a well qualified advisor ever since losing out on my investments due to 2020 pandemic crash. At once, I started all over and after subsequent investments to date, I'm only 25% short of my first $1m.
this is inspiring! could you be kind enough with details of your advisor please? highly suspect i'm much too small game lately to handle investing myself, figured out its best to consult a license professional at this point
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 ‘’ Carol Vivian Constable” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
The average inflated home is around 380-430k. So if rates go down the average home demand price should be 500k for a 40 year old home, no tlc, nothing extravagant. Have fun first time home buyers.
Not true housing been buying the sellers houses to keep supply low. Supply will explode and buyers aren’t bidding on demand. This drop housing prices at least 10-15%. Fun season over , feds want the money back. Banks have to pay up. Companies are cutting and companies owning homes are hurting either way maintenance costs and upkeep getting more expensive. People are renting luxury apartments now. Only matter time for huge supply to hit market ! Plus job losses hurt affordability. But with North Korea shooting missles, more likely this will continue to be ignored
How can people not see the crash coming…… I live in the number 1 city in America to move to in 2020 …… houses doubled , rent doubled…… now there are for sale signs EVERYWHERE……. And they are not selling…….
So... A temporary tax credit so maybe 4,800 a year then what... People buy a home with the thought they could afford it with the additional money then in a year or two it's not there and they can lose their home. Taxes keep going up and that's the problem. I pay more in taxes than my actual mortgage payment per month and it's just going to get worse. Also, all the people that did pay extra for their home during the pandemic will suffer again because their home value will decrease to where it was supposed to be when they purchased when things hopefully calm down. It's a mess for anyone these days. No matter what happens someone gets screwed.
Having lived in California since the mid 60s, I have watched prices go up then crash as much a 90%. With our countries current precarious financial situation, a major financial disaster is pending!
Really I can afford to buy and refuse to buy cause that price is ridiculous.. high interest is not the problem it’s the overpriced.. don’t make it be the interest
New construction houses are crappy, cookie cutter homes, with a huge price tag. They are not worth it. A friend bought a new house and it failed the final inspection, due to cutting corners on the electrical wiring and foundation issues. I don't blame anyone who owns an older home, that won't sell. Who wants to pay 7% mortgage when your current home is only 2%. All the equity you make by selling, you lose paying towards the new mortgage.
Down payment is one time only and your monthly is 30 years.. imagine paying 3k monthly good luck.. think hard cause repairs and insurance is not included… no fix the price of the house
Yea but there sitting on properties that cost alot to maintain and they prob not getting there moneys worth. With people losing there jobs and picking cheaper places this little run not going to last. Bank and companies will offload these mortgages since the payoff is not worth it and feds want there loans and cash back. Plus the deficit and credit card prices tell a different story about our economy.
Yeah but the mortgage is 1200 more than it used to be. Screw that 400. I make 85k and I’m 35. I can’t afford a house where I live. It would be double my rent. At 7% rate you are paying 1 mil for a 300k house. It’s insane.
Doing what this man said would cause another 08’ crash. These people are clearly biased. Talk to a professional who won’t benefit from people buying above their means.
What does the $7,500 government credit do for EV's? It brings the price up by $7,500. This $10k vote buying scheme will do the same thing - raise home prices even further while saddling Americans with MORE unsustainable debt.
Excuse me for failing to understand how a tiny $4,800 per annum tax credit (not even a tax deduction) will help purchase an average $300,000 - $400,000 house / townhouse/ condominium ???
The thing is how many people can afford the purchase... Basically this credit is crowd funding from the people who pay rent to the few who can afford to buy...
So at the end of the year they get a little more help to fix things they could not afford all year long. Or extra towards the credit card they jacked up because they were so tight the entire year from the home purchase. Round and round we go until they eventually lose to home to rising tax and insurance.
all fake prices... in 2018 we sold the house for 240,000 same exact house right now 440,000 ... yeah I had to sell the house. My siblings should've kept it in the family we could've made another 200,000 but mom's passing we had to sell. We each took a cut all four of us... after paying the realtors percentage and everything we each took home about 50 K in 2018.. but it's crazy in the market the house wasn't even that big 1500 ft.² two car garage inground pool which wasn't really a selling point because it pretty expensive to run a good place to retire.. but yeah today you'd be lucky to be able to afford a house at least in this neighborhood you might have to go into the middle of the country to be able to afford a house on a single paying salary
Crypto is just another way for whales to milk the common sheeples into thinking crypto actually has any intrinsic value. You use the USD because it's a shitty Fiat but it has an army behind it along with land, resources, energy, that everyone can participate in it as a tool....crypto on the other hand....is an actual pyramid scheme... The whales have gobbled enough crypto and they just wait for everyone to jump on that wagon. In the end, THEY the private sector controls the supply side of crypto, and those who hold on forever will only get richer, bridging the wealth inequality gap even further. If say the United States is heavily dependent on foreign manufacturing, and say the BRICs countries say NO to Bitcoin for transacting any goods, good luck, that Bitcoin is as good as sh*t if it cannot be legal tender in international trade. And if Bitcoin gets adopted....you can bet your life, the USD will die as a result, because it basically seems the USD and the entire system was fraudulent to begin with and therefore every single conventional bank will go underwater.
I know a Brazilian family that was renting. the mother was here legally but the father was not. they have 2 children. the mother qualified for housing, insurance, food etc. from the state because they thought she was a single mom. they both worked under the table for cash, saved for 3-4 years and were able to put a down payment on a house. If you're working, legally, paying for rent, health insurance, food, etc. it is next to impossible to save for a house. And there are those who don't understand why.
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.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with "LISA ANGELIQUE ABEL" for the last five years or so, and her returns have been pretty much amazing.
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with "Lisa Angelique Abel" for the last five years or so, and her returns have been pretty much amazing.
We need a break. I purchased my first home on Long Island last year. We ended up having to come out of pocket over $30k with a sellers concession of $10k on top of that. Just to close. The loan was for $325k then 6 points were added to the mix and now my payment is $3300 a month. This is why nobody wants to buy a home. And for those of you who think I got my money's worth, my house is only 1000sqaure feet on a quarter acre in Mastic Beach (the hood).
Yes, I remember. This crash caused a lot of homes to become Section 8 rentals and HUD homes. "Trouble" then started sliding into what was once safe neighborhoods.
I've been watching the housing market closely, Prices have been skyrocketing for years. It's going to be tough for first-time buyers to enter the market." how can one diversify $280k reserve .
I agree, It's not just the prices, but also the increasing interest rates that are making it more difficult for people to afford homes. With a good FA you can make up your portfolio.
Precise asset allocation is crucial, with some employing hedging strategies or allocating to defensive assets for market downturns. Expert guidance is vital for success. This approach has kept me financially secure for over five years, yielding almost $1 million in investment returns.
in times like these, it's crucial to be cautious and not rush into the market , Who is this your FA , my portfolio needs urgent attention , been a lot of loss.
Karen Leigh Owens is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
You want to help the cause don’t buy nothing don’t buy a house don’t buy a car don’t buy a boat don’t buy a motorcycle. Don’t buy an RV don’t buy anything that’s the only way you can hurt them.
If they can't afford a 20% down pmnt....you can't afford the house for sure...median home us now $375k average....in my metro it's $ 1.1 million for the median...way over valued comps currupt brokers and greedy tax laws are the main issue.
All the houses in my area have just been sitting on the market not going anywhere. Some of the homeowners even gave up trying to sell. I don't know what this guy is talking about.
New home buyers buying these new builds are getting wake up calls as soon as that first escrow analysis is done to collect the full tax amount on the property.
So how is the housing market at record sales levels and the car market is crashing the two used to work hand and hand something weird is happening or are we being lied to
The investors swarmed in and own a ridiculous market share. It’s no wonder why homes are so expensive when families with children are squeezed corporate greed. 8x dual income where I live. Used to be 4x on a single income where the mother was able to raise her kid. Absolutely disgusting.
Lol. If a $300k house is a $2500 or $3500 a month mortgage with interest rates, what will that $400. People need to get realistic on the pricing. It ain't 2017-2019. Inventory where I'm at is going up and prices are coming down. Amazing!
The prices of new and old homes have gone through the roof. 25% down on a home today is $40,000 minimum unless want a fixer-upper shack, or a single wide in a park. Ask me how I now.
I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.
Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
Mind if I ask you to recommend this particular coach you using their service?
“Sonya lee Mitchell’’ 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 just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighborhood that cost around $450k in sales in 2019 are now going for $800 to $950k. Every seller in my neighborhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.
Home prices will come down eventually, but for now; its best to offset some of your real estate investments 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.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
My CFA ’’Colleen Rose Mccaffery’’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Appreciate this recommendation, hopefully I can get some insight to where the market is headed and strategies to beat the downtrend with when I hear back from Colleen.
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!
Soon, cheap homes won't be cheap anymore because prices today will look like dips tomorrow. I think inflation will cause panic until the Fed tightens its grip even more. You can't just pull the band-aid Off half way. Booms and busts are the ups and downs of the economy, and they will affect any investments. If you are at a crossroads or need honest advice on the best steps to take right now, it is best to get counsel from a financial expert.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
’vivian jean wilhelm’’ 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 just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Throwin out a little bone for votes
yeah those bones are for illegals now
And it's going to work too😂😂😂😂
@st.charlesofaberdeen154 not for the majority who knows what's up Trump2024
bone with no meat
throw a few pennies. Not even from his Ukraine funds...
400 billion dollars for student loan forgiveness, now how many billion dollars for the 1st home buyers? The national debt is rocketing to the moon, the inflation is going out of the roof...
The difference is the student loan forgiveness is a wealth transfer effect (money from one person to another), while a tax credit is just keeping more of what you make.
There is no such thing as free money .
He does'nt care. It's not like it's his money he's doling out.
@@abrarahmed5462yeah it’s called the war in Ukraine
@DrBllood-cq2cm "Wealth transfer effect"?
Is this the fancy new term for Socialism?
🇺🇸 *FJB* 🇺🇸
FJB!!! INVEST IN A NEW PRESIDENT AND YOU WILL COME OUT WAY AHEAD👍
yeah another billionaire or billionaire owned puppet will really change things 🙄. We all know there's only one way to take the country back but no one has the stones for it
Lol hahahahahahaha good one! Are we sick yet of Joe biden Inc
@@elainegolden4363Totally sick of it 👎
@laurielaurie8280 Yeah ENOUGH ALREADY WITH JOE
Worst President Biden or Criminal Ex President Trump are no new presidents!🚽
Who's in 2030 election?🤣🤣
Our Country has CONSISTENTLY SCREWED single people AND SENIORS FOR DECADES 😢👎😡. FJB!
No. Baby Boomers are the source of this problem. Starting from the 1980s they have run up massive federal debt to finance the run on the stock market and home prices. They used the money to party like no tomorrow and leave the debt for their children and great grand children to pay off. Cut social security benefits and make modifications to the tax system to make them pay.
Dont leave out the married people, and the young and middle aged. Yeah, that about covers it.
YAShitn! Taxing social security etc.
EVERYBODY who works for a living is getting screwed. Our government cares more about illegals than citizens and steals from us to give to them and other countries, especially Ukraine. Enough is enough. Dump Biden.
The fault of BOTH parties and the banks.
Politicians are idiots! Houses would just get $10,000 more expensive over night if they were t give out $10,000 to home buyers. Fix the supply issue!
Just like when the government got into the business for financing student loans! The colleges and universities just upped the tuition and fees!
exactly! Housing prices will naturally go down if there was more inventory
And do it without filling them up with illegals!
Why do you think they want it to go down. I work in the revenue department for my city. They love high prices more taxes for the county which gives them more spending money. They will inflate this housing market forever until they can’t anymore when people decide to not buy anymore.
Exactly...how many times will we do this until we understand?
We need houses to be affordable we don’t need $400 we don’t need $10,000 We need inexpensive houses. I refuse to be a slave to the system and cooperations.
Dems call cardboard boxes "affordable housing."
you need a better career...
@@THEBLACKMANISGOD82you need a less weak name
Tell that to Wall Street 😢
High interest rates caused by Biden and the Dems. Double what it was when Briben took office.
This is a joke just like the resident !!!!
Tell Donnie we said thanks for the recession
Supply Supply Supply..... if you give More Tax Credit to 1st time homebuyers= Demand will go up causing more inflation in Home Prices!!!!! and this won't solve any supply problem. Our president has a brain of a 1st Grader 😅😅😅😅😅🙄🙄🙄🙄😐😐😐He will make it Worst!!!!
This administration is getting more desperate!
not desperate . making it impossible to fix the mess that’s left.
He’s not helping poor Americans people
lol Just about all the programs they created were for poor Americans! The minute they try to make housing a little more affordable for the people who managed to save enough to finance a house, you complained?
@@lickalotlickalot2210 the only people I see loving this political environment are illegals
I’ve heard the Biden admin is holding up foreclosures indefinitely and using drastically increased loan modification measures to stave off a downturn.
@@lickalotlickalot2210 That's the problem. This will not make anything more affordable, only exacerbate the situation and at the same time increase the government deficit even further. If you subsidize on the buyer's side, all you end up doing is allowing seller's to price even higher. Just think about it logically. Subsidizing buyers means more buyers will enter the market to purchase, so more demand. Holding supply constant, this then pushes up the price. It's freaking the most basic of economic concepts. What everyone is so tired of is Biden sacrificing our long term economic health for short term, debt-driven, temporary benefits. Same f-ing thing with student loans - disguising "help" when it's just creating a much bigger, much more problematic mess in the future.
Poor Americans need to help themselves
FJB
👎
No this is great, I am selling my home this year. I am gonna raise the price 10k and make more money lol..
Look Ma I can parrot a new phrase I learned from my local MAGATARD Meetup 😂😂😂🤡🤡🤡🐑🐑🐑
20k@@fuqutube
Biden needs to gooooo
Affordable my azz.....A young married couple has no chance if they are a blue collar worker. 250k 1100 sq.ft. home. Even mobile homes are WAY to expensive at over 100k for a single wide thats going to fall apart in 10 year's.
And it depends where you live. My neighborhood is 1mil for 1500sqft. I don’t think a blanket federal aid makes sense, but the reasoning behind it shows we’re on their radar.
@@TwoSense2640 BS
In SC got an acre and a manufacturer home for 200k. He thinks lowering the interest rate will increase demand but here's why it won't. Demand will always be high. But when interest rates are high the price of the house drops making it affordable. My 200k would be 300k if the interest rate was 3%. Because they would be sure it would sell. I actually paid 193k not 200k. The appraiser appraised for 215k. The evaluation is based on market. 200k is affordable with a 7% interest. But more importantly getting the lender to approve. That's where the issue comes in. When the lender has to pre-approved for more than you can afford. So you're not able to even find a house. Because you can't get approved for anything good on the market because the interest rate is so low.
What is this guy talking about , 1100sq is about a million here .
$480k here
Where is the money coming from for this tax credit?
From the same place all that money that's going to $kraine is coming from
You will be paying for it.
Your check
It's deficit spending ie, money created from nothing and spent into the economy as debt. It's a secret tax where you borrow from the future. Future all of us pay for it with a devaluation of the dollar.
@volstad Thank your grandchildren and unborn great-grandchildren for the money.
FJB
I'm 37 and have been looking for ways to be successful, please how??
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Trading without professional
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you will remain where you are or
even make huge losses that will
stop you from trading, this has
been one of the biggest problem to
new traders
Ok, I'd love connect Rita Orlando, how do I do that please??
National debt is huge
FJB is salivating to make it a harbinger of US economic failure.
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Lies lies lies
Why would you give up your 2-3% rate for a 7-9 rate on a home. Middle income families can’t afford to buy home with rates that high. especially with homeowners insurance to stack on top of it.
To cash out and build a house with all cash. My house doubled. Now building a smaller new one!
And property Taxs
So this credit will just make sellers raise their prices more if you know Uncle Sam will chip in.
Exactly!! It will only make things worse
Yeah just like the cost college .
How many of those homes are being bought by hedge funds and foreign money
This will do nothing to make homes more affordable. It doesn't lower the cost of homes and it doesn't increase families' incomes which is the most important factor in getting financing. This is just a cash back for those already able to secure lending.
Who is paying for this? Taxpayers who cannot afford a house.
The extra tax dollars they make off the "inflation" on everything lol
Who's doing the BUYING AND ARE THEY USA CITIZENS???? 👎😡
Tax payers
Are companies considered citizens?
Two thirds can't even pay rent let alone buy a house.
Crappy jobs, no skills and entitlement
Idiots Guide to Buying Re-election: Step 1- Stimulus Checks. Step 2- Student Debt "Forgiveness". Step 3- Home Buying Credit. All funded by the taxpayers already paying an effective tax rate of over 50%.
This Biden $400 credit will help all those investment firms that bought up all those SFRs and then tried to flip or rent them out. .... Is it a good idea to kick the can down the road one more time in the short run? IDK, you tell me when when the music stops. ... Btw, has anyone noticed: It's getting harder and harder and more and more expensive to get home insurance coverage lately??????????
Even if everyone gets $400 a month...things like home owner insurance and maintenance costs...most people cannot afford. Buying a home is stupid right now
When government says they are here to help RUN!
There's a huge reset of wealth right now, commercial real estate is down at least 30% same with the stock market, high tech with huge multiple variations are down more than 40%. So is this a good sign to buy stocks, or do I just hold cash? I own a house already
transfer of wealth usually occurs during market crash, the more stocks drop, the more I buy. bear it in mind that investments are subjected to risk, hence it is ideal to seek guidance from an advisor unless you a pro yourself
Well said, I learn from youtube but got in touch with a well qualified advisor ever since losing out on my investments due to 2020 pandemic crash. At once, I started all over and after subsequent investments to date, I'm only 25% short of my first $1m.
this is inspiring! could you be kind enough with details of your advisor please? highly suspect i'm much too small game lately to handle investing myself, figured out its best to consult a license professional at this point
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 ‘’ Carol Vivian Constable” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
The average inflated home is around 380-430k. So if rates go down the average home demand price should be 500k for a 40 year old home, no tlc, nothing extravagant. Have fun first time home buyers.
but rates aren't going down because if they do the price of eggs will be $10/doz
@@TM-173oh it can be both
In Houston the average new home is 515k for 2442 sq ft 2 story
Not true housing been buying the sellers houses to keep supply low. Supply will explode and buyers aren’t bidding on demand. This drop housing prices at least 10-15%. Fun season over , feds want the money back. Banks have to pay up. Companies are cutting and companies owning homes are hurting either way maintenance costs and upkeep getting more expensive. People are renting luxury apartments now. Only matter time for huge supply to hit market ! Plus job losses hurt affordability. But with North Korea shooting missles, more likely this will continue to be ignored
F
J
B
What about 2nd time home buyer’s?
Nobody that old believes him.
houses made from plywood being sold for 400,000 americas are foolish
Plywood works just fine. It’s one thing that will never need to be replaced.
Ur paying for the dirt it sits on smarty pants
@@Anomaly_2024 exactly
If it's a tax credit, then it's only deductible at tax time, it's not a monthly payment.
How can people not see the crash coming…… I live in the number 1 city in America to move to in 2020 …… houses doubled , rent doubled…… now there are for sale signs EVERYWHERE……. And they are not selling…….
Nobody can afford to buy a house to begin with 😂
We're on the brink of a global depression, buying a new home is not going to matter when everyone looses their jobs and can't buy food.
Yes, people are also going to _lose_ their jobs.
People cant afford to buy food now and they still have a job and still cant afford it.. Don't worry Joe prolly has a plan for that to
So... A temporary tax credit so maybe 4,800 a year then what... People buy a home with the thought they could afford it with the additional money then in a year or two it's not there and they can lose their home. Taxes keep going up and that's the problem. I pay more in taxes than my actual mortgage payment per month and it's just going to get worse. Also, all the people that did pay extra for their home during the pandemic will suffer again because their home value will decrease to where it was supposed to be when they purchased when things hopefully calm down. It's a mess for anyone these days. No matter what happens someone gets screwed.
Having lived in California since the mid 60s, I have watched prices go up then crash as much a 90%. With our countries current precarious financial situation, a major financial disaster is pending!
Should have asked how many of these new home sales are to individual home buyers and how many are corporate or investment group purchases?
Exactly! I bet all these big land purchases are going to developers to build on to then rent out all the homes.
Really I can afford to buy and refuse to buy cause that price is ridiculous.. high interest is not the problem it’s the overpriced.. don’t make it be the interest
New construction houses are crappy, cookie cutter homes, with a huge price tag. They are not worth it. A friend bought a new house and it failed the final inspection, due to cutting corners on the electrical wiring and foundation issues. I don't blame anyone who owns an older home, that won't sell. Who wants to pay 7% mortgage when your current home is only 2%. All the equity you make by selling, you lose paying towards the new mortgage.
Bump demand while not fixing supply problem. Brilliant idea! That definitely won't cause prices to go up like crazy.
Down payment is one time only and your monthly is 30 years.. imagine paying 3k monthly good luck.. think hard cause repairs and insurance is not included… no fix the price of the house
How about taxing the hell out of corporate’s that keep buying houses?? One of the main reasons houses are expensive because of BlockRock and Airbnb.
Yea but there sitting on properties that cost alot to maintain and they prob not getting there moneys worth. With people losing there jobs and picking cheaper places this little run not going to last. Bank and companies will offload these mortgages since the payoff is not worth it and feds want there loans and cash back. Plus the deficit and credit card prices tell a different story about our economy.
Ask a baker if he wants to sell you a cake.
Yeah but the mortgage is 1200 more than it used to be. Screw that 400. I make 85k and I’m 35. I can’t afford a house where I live. It would be double my rent. At 7% rate you are paying 1 mil for a 300k house. It’s insane.
Doing what this man said would cause another 08’ crash. These people are clearly biased. Talk to a professional who won’t benefit from people buying above their means.
Exactly! Spot on comment.
Wait until a little longer I have a feeling a lot of things will crash
Oh, it sure will come back down! As soon as the whole thing falls off a cliff. It’s simply unaffordable. These people are completely clueless.
What does the $7,500 government credit do for EV's? It brings the price up by $7,500. This $10k vote buying scheme will do the same thing - raise home prices even further while saddling Americans with MORE unsustainable debt.
Yes create more debt that's the solution and it will just cause everything to go up more 🤦
Excuse me for failing to understand how a tiny $4,800 per annum tax credit (not even a tax deduction) will help purchase an average $300,000 - $400,000 house / townhouse/ condominium ???
The thing is how many people can afford the purchase... Basically this credit is crowd funding from the people who pay rent to the few who can afford to buy...
So at the end of the year they get a little more help to fix things they could not afford all year long. Or extra towards the credit card they jacked up because they were so tight the entire year from the home purchase. Round and round we go until they eventually lose to home to rising tax and insurance.
all fake prices... in 2018 we sold the house for 240,000 same exact house right now 440,000 ... yeah I had to sell the house. My siblings should've kept it in the family we could've made another 200,000 but mom's passing we had to sell. We each took a cut all four of us... after paying the realtors percentage and everything we each took home about 50 K in 2018.. but it's crazy in the market the house wasn't even that big 1500 ft.² two car garage inground pool which wasn't really a selling point because it pretty expensive to run a good place to retire.. but yeah today you'd be lucky to be able to afford a house at least in this neighborhood you might have to go into the middle of the country to be able to afford a house on a single paying salary
property taxes are higher then this monthly
Keep printing money...gold, silver, and land...physical..stay away from the stuff on a computer screen.....lol
Yeah get those money printers printing to help my crypto😂😂😂😂
Crypto is just another way for whales to milk the common sheeples into thinking crypto actually has any intrinsic value. You use the USD because it's a shitty Fiat but it has an army behind it along with land, resources, energy, that everyone can participate in it as a tool....crypto on the other hand....is an actual pyramid scheme...
The whales have gobbled enough crypto and they just wait for everyone to jump on that wagon. In the end, THEY the private sector controls the supply side of crypto, and those who hold on forever will only get richer, bridging the wealth inequality gap even further. If say the United States is heavily dependent on foreign manufacturing, and say the BRICs countries say NO to Bitcoin for transacting any goods, good luck, that Bitcoin is as good as sh*t if it cannot be legal tender in international trade. And if Bitcoin gets adopted....you can bet your life, the USD will die as a result, because it basically seems the USD and the entire system was fraudulent to begin with and therefore every single conventional bank will go underwater.
Its far better to buy an affordable house with a high interest rate, than it is to buy an overpriced house with an artificially low rate..
Where does that money come from? Who's footing the bill? The U S is drowning in debt already. Taxpayers are drowning in taxes.
Correct. Sick of it.
People need to stop voting with their hand out and start voting for what's good for the country. It's destroying everything.
People are being sucked into false hopes to get support and once their I. Power it will all crash
I know a Brazilian family that was renting. the mother was here legally but the father was not. they have 2 children. the mother qualified for housing, insurance, food etc. from the state because they thought she was a single mom. they both worked under the table for cash, saved for 3-4 years and were able to put a down payment on a house. If you're working, legally, paying for rent, health insurance, food, etc. it is next to impossible to save for a house. And there are those who don't understand why.
Wheres all of this money coming from? I thought we were trying to fix inflation? Lmao
printing money
RATES MUST GO UP!!!! KEEP WALL STREET AWAY FROM FAMILY HOMES!!!
This guy is full of shiff
I sure hope Steve Garvey wins.
I don't like Adam Schiff because he is an anti-American creep.
Yes and he looks woke
Homebuying up 45% huh? Does that include the homes I see get purchased, and reposted the same month for 50 to 100k more? I see tons of that crap.
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.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with "LISA ANGELIQUE ABEL" for the last five years or so, and her returns have been pretty much amazing.
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with "Lisa Angelique Abel" for the last five years or so, and her returns have been pretty much amazing.
We need a break. I purchased my first home on Long Island last year. We ended up having to come out of pocket over $30k with a sellers concession of $10k on top of that. Just to close. The loan was for $325k then 6 points were added to the mix and now my payment is $3300 a month. This is why nobody wants to buy a home. And for those of you who think I got my money's worth, my house is only 1000sqaure feet on a quarter acre in Mastic Beach (the hood).
This kind of scheme caused the crash in 2008.
Yes, I remember.
This crash caused a lot of homes to become Section 8 rentals and HUD homes.
"Trouble" then started sliding into what was once safe neighborhoods.
I did it without a tax credit. Do I get paid back?
Should have voted Democrat😂😂😂
@@st.charlesofaberdeen154 I’m not selling my soul for a tax credit!
" Giving assistance " that's paid for by someone else !
They are printing 1 trillion dollars every hundred days. Offering more stimulus type money is only going to make inflation worse
I've been watching the housing market closely, Prices have been skyrocketing for years. It's going to be tough for first-time buyers to enter the market." how can one diversify $280k reserve .
I agree, It's not just the prices, but also the increasing interest rates that are making it more difficult for people to afford homes. With a good FA you can make up your portfolio.
Precise asset allocation is crucial, with some employing hedging strategies or allocating to defensive assets for market downturns. Expert guidance is vital for success. This approach has kept me financially secure for over five years, yielding almost $1 million in investment returns.
in times like these, it's crucial to be cautious and not rush into the market , Who is this your FA , my portfolio needs urgent attention , been a lot of loss.
Karen Leigh Owens is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
You want to help the cause don’t buy nothing don’t buy a house don’t buy a car don’t buy a boat don’t buy a motorcycle. Don’t buy an RV don’t buy anything that’s the only way you can hurt them.
Let’s go Brandon!
We don't have a housing shortage. We have an investor surplus.
Developers are gambling. There's no way to know what's going to happen.
If they can't afford a 20% down pmnt....you can't afford the house for sure...median home us now $375k average....in my metro it's $ 1.1 million for the median...way over valued comps currupt brokers and greedy tax laws are the main issue.
The government should not be involved in housing in any way.
It doesn’t make sense. If you can’t afford to put together enough money for a down payment then you can’t afford to own a house.
These people on Wall Street sure love it when the government spends tax payers money.
Yeah, and we all _nose_ why.
We are going to have a meltdown like 2008 crash worse than 2008!!
What about people already struggling to pay their mortgages with current inflation issues? Put food on the table or save the house.
All the houses in my area have just been sitting on the market not going anywhere. Some of the homeowners even gave up trying to sell. I don't know what this guy is talking about.
Instead of taking care of illegals the government need to increase supply building afforable communities
New home buyers buying these new builds are getting wake up calls as soon as that first escrow analysis is done to collect the full tax amount on the property.
He's always paints himself as a Robinhood but never thinks about the consequences of his actions.
He's more of a "Robinette", but yeah he's still robbin' the hood.
🇺🇸 *FJB* 🇺🇸
So how is the housing market at record sales levels and the car market is crashing the two used to work hand and hand something weird is happening or are we being lied to
“Stupid is as stupid does.”
The investors swarmed in and own a ridiculous market share. It’s no wonder why homes are so expensive when families with children are squeezed corporate greed. 8x dual income where I live. Used to be 4x on a single income where the mother was able to raise her kid. Absolutely disgusting.
Bidenomics is working alright
6 uild
6 ack
6 etter
🇺🇸 *FJB* 🇺🇸
Lol. If a $300k house is a $2500 or $3500 a month mortgage with interest rates, what will that $400. People need to get realistic on the pricing. It ain't 2017-2019.
Inventory where I'm at is going up and prices are coming down. Amazing!
House prices going up lol
The prices of new and old homes have gone through the roof. 25% down on a home today is $40,000 minimum unless want a fixer-upper shack, or a single wide in a park. Ask me how I now.
Yeah let's keep printing money
The solution is for America to start spending responsibly not print more money, which is causing the issues the first place.
Yep forget all the grannies out there that lost their families that are all by themselves
Inflation is out of control, print more money and it is going to get out of control