Finding the Coming Housing Market Crash | Noob vs Pro.
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- เผยแพร่เมื่อ 20 ต.ค. 2023
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Where should I go next?
Baltimore, MD!
Atlanta!
Murrieta, CA
Naperville IL
Sequim Washington
lol imagine waking up drinking some coffee and Kevin is in your side yard dissing your gate
G-spot logistics. Hahahaha
Your videos are super helpful! I really appreciate how you break things down in a way that's easy to grasp. Keep up the great work!
Great video! Enjoy seeing your real estate videos, and how you analyze the market. Hello Jack
Those houses for 700k and 800k in my area would be 150k to 250k in my area. Crazy difference.
All areas are different. I am in the Midwest in an urban area. Prob 400-450k around me
This is Mr. Rogers Neighborhood. Imagine not having crime in your entire city.
Welcome to Cali
Two story house for 150k-250k? Where do you live , west , VA?
Same. California is in another world. These are 150K to 250K homes. That neighborhood looks dumpy as well. 700K would get you something in a gated community near me.
This was a really good video! Keep it up!
Great info. Great video.
@5:04.... " So how do you know you are in the right spot? Well played sir...well played!! 🤣
In Ohio, agents dont typically disclose how much offers are, on the table?!?! Is this different in CA?
How do you know how high/low to go to establish a bracket? After you established it in this video, you immediately cut to a house that was out of that bracket. Why wasn’t that house chosen in the first place to establish the lower bound?
Kevin found the g-spot.
Great value
Kevin, you were in my hood! And this market is crazy. Anyone buying that home for 800k doesn’t know the neighborhood. Go north on the 805 a few exits and you will find safer neighborhoods for same price or less. Maybe not completely redone or as big, but location location location, right?
You don’t need AFCI breakers on a panel replacement. You only need AFCI breakers if you run new circuits.
How are you finding out the prices on offers? In my area agents are not allowed to disclose that, its private until the place closes
Hey Kev, nice vid, w/great info, but how in the world can you speak seriously next to the G-Spot truck! Appreciate the bracketing info, that's so great to know.
What I know is regardless of what people are paying, they are literally brain dead for paying 600k for a 1,000 sq foot old nasty house.
I bought 3 houses for 380k about 1 1/2 hours away from Philadelphia in the last 3 years. These houses seem like such a ripoff
$640k $720k ??I can't believe you guys are paying these prices in Calif, you can buy two duplex units in Central Florida and get 30% more on rent
I did not say I’m buying here lol
But yes things are expensive here
Cali is gonna drop like a rock leaving a lot of people broke.
Thanks
Wow GSPOT Logistics. Won't ever forget.
Always Looking for that G Spot
I dont think the jet is credit to your brand despite you using it as a backdrop so often. I get more of a pilot vibe than the owner 😂. Maybe because the exponentiality of your success hasn't yet displaced my more grounded perception.
This video hits the spot at 5:04
This type of content, is why I subscribed years ago. Please, Please more of this less news desk
The G spot logistic is the highlight of the whole video 😅
He's a goofball
Slouching toward Idiocracy.
There is a housing shortage of 5 million houses due to under building over the last 14 years. Based off of demand and new home starts, it could take 8 or 9 years for inventory to catch up to demand. I wouldn't be expecting a "crash" or even a meaningful correction unless it is in a very specific local. (Like in a small rural town if the mill that everyone works at closes).
Maybe we will see some years where prices stay flat.
What about Phoenix , Austin , Nashville ? There are bubble sun markets that have already corrected 15%, San Francisco , Oakland etc.
@@lyleburlingame2276 Nashville looks like it is still rising and Tennessee was up 5.8% as a whole from August of last year to august of this year.
Phoenix appears to only be down 2.5% over the year.
And keep in mind that Phoenix had a median house price of $325,000 in 2021, then it rose to $460,000 in 2022 before lowering to $440,000.
So it has so far given back a tiny portion of a huge gain. Austin is 10% with the entire state down 3.5%.
Now anyone can hand pick spots where the market dips temporarily after a huge run up, but where will those prices be 3 years from now? Probably higher in almost all of those locals as the housing market will probably raise by 5% nationwide in the next year. Only time will tell. We can review it in a year.
I'm not worried. All of my houses are paid off and i don't plan on buying any more. I am only purchasing free standing triple net commercial properties while avoiding office space.
Lol, how do you know you're in the right spot?
Hahaha, love it Kevin!
Can you explain the ins&outs of how investors in House Hack potentially/realistically make money please?
Come to Oregon!!
It amazes me to see 600k-700k for houses that are going for 200-250kk in my area. You say "market crash". I hope your right for the sake of people in your market. But a national market crash is a definite NO WAY POSSIBLE. In my area you can't build a house including land for 250k.
Dude at 8:00 I thought that guy was SBF with a hair cut...😂
These California prices are crazy
Link to your Blazer? Its nice
My area is all out of whack. Everything is a $1 mil +. During the lock down we had people from CA and NY come here and buy things up and ty to resell for obscene amounts. They also dead some incredibly stupid "improvements". You do not put tile all over a house in a place this cold most of the year unless you really like being cold. It's still 40 out in June.
I feel like I'm living in Sedona all over again. A CA company bought a chunk of land and subdivided it into 10 parcels. In March 2021 they were trying to sell each .63 acre lot at $1.1 mil ( normally $35k - 70k). There was no home, nothing paved, and only utilities up front. They also added an HOA. People here do not like legalized harassment, so that's a major strike. Plus, this spot you have to park on the main road during certain times of the winter because the ice and snow make it too dangerous to drive up the slopped road to the spot.
Homes and land have come off the market and they are not sold. I'm not sure what is going to end up happening here. I will say that there now is a massive labor shortage. I've been trying to get an expansion for 2 years now. It took almost a year and a half to get he roof replaced after being "on the schedule". We can't even get quotes. I've never in my life not been able to hire people. This is bizarre. This also counts for other things like car repairs as well.
My husband did run into a GC when at Costco. The guy told him they are booked up for the next 3 years. He told him to go on youtube and figure out what to do. That is the state of things where I live.
Where do you live ? I need a new job
Nice suit. I like that jacket
Great video 🎉 btc 🚀🌕
we will just price the housing so high nobody can afford to fix them.
"G-Spot Logistics" I see you Kevin.
G spot logistics. Lmao.
Nice, now I know when I'm in the right spot.
Home prices in most states will hang in, there is going to be a stand still on sellers... and if no one is selling, less homes on the market... meaning PRICES MAY GO UP, other then Cali, well since people are moving out of cali... and NY, they may have big issues
If Interest rates drop 2 percent then prices will go up
no prices may go up if everyone start saying to hell with selling and the # of houses for sale drops to 25-35% of a normal market. So even with less buyers, even less homes will hold prices up. No one with less then a 4% is selling anytime soon and right now that is 75% of the market. If people are buying and really want a home in the next year, year 1/2 prices and interest will be high. Now when if it goes back to 2... well sir then prices will for sure go up... know doubt, but in many markets prices going down may not happen@@cs.8821
Is this a paid sponsorship with your GSpot?
Kevin “ how do you know you are in the right spot?” ( G-Spot ) you know when you are there. LoL
You can’t you can only do a calculated speculation. Neighbor hoods can appreciate but also over turn just as quick. What should you do? Look in areas where there are many home owners NOT renters! Owners take care of their properties & flood money into them appreciating the area. Your welcome.
That’s exactly why we focus specifically on high homeowner neighborhoods
Is this Chula Vista?
$PP and now G-spot🤩
Crazy that WA state prices are comparable with California! People always moved from CA in the past to buy bargains. Not anymore!
Santa Cruz, Ca
3:17 into this video... what is the gargoyle creature/spirit? down at your left hand side as looking at screen Kevin/Kevin team!!!???? it's also caught on video thumbnail shot!!
“G Spot” lol😅
Santa Cruz, ca
Kevin Has your best interest at heart !
Even your 98 year old grandmother was not a home owner in the last post pandemic era for the crash of 1926
*TRUST * TRUST * TRUST KEVIN...
How bad is it in America right now?
It’s the plan, sending another 100 billion for wars shoukd help
RE is way too expensive! But thats like everything else
It’s a great time to be a renter. Rents are falling and lots of places to chose from here in Seattle at prices that are about half what the mortgage would be with 10% down.
Morally, spiritually, physically, emotionally or economically?
@@Harrythehun Everything 🥲
You're great at selling the bridge, have an amazing memory and have done your homework. However, lack of emotional regulation, recently, caused a major pause for many of us that were waiting to invest. Just can't have someone managing $ that is a loose cannon. Wish you best of luck with everything.
What emotional regulation are you referring to?
@resolutions2747 The call is coming from inside the house
Bro is mostly ecsgersting to nske video rnterysining
Kevin, there is someone who is a blind Elon fan and is mad at you that you are calling him out on bad decisions recently (Based on their recent comments )
You are doing great. I think you are very sharp and on track to a huge success. Don’t pay attention is haters like this.
Go to Puerto Rico, Kevin.
700k for 1000 sq ft, sad!
5k a month just for P/I. Something has to give MK
The cost of real estate is not going anywhere. Everyone is locked in at
What happens in 20 years when were all landlords?
Kevin, i love the info you put out but your new closing music with that video is hard to watch. Just wanted to be honest with you 😅
Sequim Washington
COME TO KATY AND SUGAR LAND IN TEXAS
Jack's a cutie! 😊
Because im self-employed i think im gonna have to sit out of this awesome winter 😢
Nobody gives out a mortgage to self-employeds (that write off alot)
@@Joe-no7gs there are lenders that lend based on rental income. Could be the move.
How liquid is your househack stock?
It's in the prospectus/ disclosures. Short answer: mostly not.
Good advice to look at the Zillow rental manager, but I noticed one thing I don't think was clearly addressed. The current year decline is happening almost 2 months earlier than last year. Shouldn't that be considered in the analysis?
Freaking great and comprehensive analysis!
Son adapting father skills with out knowing.
G SPOT bruhhhhh
Lol nice G spot
I can tell this is a California house. If I had to guess LA
Hey that's my home
I wish I could buy a starter home for me and my fiance. 700k+ for a ~1k sq ft home is crazy :(
all about location, i live in an area where I can get a 2-3 bed 1-2 bath for 80-120k. But the thing is the avg income around here is 50k, and that's the household avg not individual.
also not many "Good jobs" for my field, just not as many companies and places to work here.
U should come to the Bronx ny……I feel like you’ve been saying the housing market going to crash for 10 years already 😂
I had to go straight to the comments on this one 🤣🤣🤣🤣
@MeetKevin I’m a investor in NC and a licensed General Contractor. I’d love to partner up if you were interested in the raleigh area market.
Grant Cardone Jr, but wait there more!!!!!!!!
Whoa you are hyped up man. Calm down a little bit
MORE REAL ESTATE VIDEOS KEVIN
You buy that House for 800k. You have to sell it for 2 million. Good luck.
Well, like I said, we’re not buying in this area. We are studying the markets. Also, the math that you said is incorrect, and is also not the intention of what HouseHack is doing.
Who are all those people in the background. This guy is not so important that he actually needs bodyguards
You should edit Elon out as retribution for him blocking you on X 😅😅😅😅
👌🙏
I thought you said there was no housing crash?? 😂
Boss talk
😊
Lmfao. G-spot
It seems like kevins kids hate him.
Lol why
I say anything over $300K is just being greedy, and it is why Califfornia and the West Coast in general is going to continue haveing homeless, as people in general do not earn enough money to pay for these.
Very funny, what you did to me phone, sill love me boo boo!!! ❤😂😅😂😅😆😉😋😎😍😘🙂🤗😇
C'mon bro, you also one crash bro ban wagon too mane...smh...lol
Can you avoid the “C” word? Or maybe make a channel with different headlines so we can respect ourselves for subbing? I preferred the old content before you became a TH-cam. I get it. My channel is anemic cause I just speak to my peers with optimism. I will be tough and leverage fear to get them to work but when fear makes you feel like it’s not worth it that’s toxic.
keep kicking that grounding rod on someone elses house
I already buy put option of 78000 dollars 💰..I wanna crash
Thanks for driving the TSLA stock down with your comments - when you come up with billion dollar companies then call that person a crying bear. Let me know…..for now your just an adolescent
💪😎🇺🇲
I honestly did several double and triple takes @G Spot Squirt Logistics
G-Spot specialist her