Housing Markets Cooling As More Homebuyers Back Out Of Contracts

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  • เผยแพร่เมื่อ 21 ธ.ค. 2024

ความคิดเห็น • 270

  • @matthewg8168
    @matthewg8168 2 ปีที่แล้ว +136

    Most of these builders deserve to have their contracts canceled. They were canceling contracts on people having houses built because they made $100,000 more on the sale so, came around to bite them I don’t feel bad for them.

    • @MayTheOddsBeInYourFavor
      @MayTheOddsBeInYourFavor 2 ปีที่แล้ว

      Whaaaaaat? Wow

    • @dls951
      @dls951 2 ปีที่แล้ว +2

      Ya, home builders put cancellation provisions into their contracts just in case material and labor and land prices jump 30% before the home is completed, in the construction trade we call it "staying in business". But Im sure you can just build your own home and skip the greedy builder all together, right Matt?

    • @miriveq
      @miriveq 2 ปีที่แล้ว +7

      @@MayTheOddsBeInYourFavor There is a lawsuit currently ongoing how the developer cancelled on homebuyers 2 weeks before closing and relisted the property for 200k more. It's one of the clauses in contracts.

    • @onlythewise1
      @onlythewise1 2 ปีที่แล้ว

      @@dls951 some do

    • @marksavoia3687
      @marksavoia3687 2 ปีที่แล้ว

      WE....W. Double You.....E.Equality
      (USA Constitution PreAmble)
      "A More Perfect Union"
      (Love), perfect (Atonement)
      (USA Constitution PreAmble)
      The Rule of Law insures domestic tranquility
      (USA Constitution PreAmble)
      Establishing Justice
      (Tao,
      Equality,
      Fair)
      (USA Constitution PreAmble)
      Precepts and Principles
      of The
      Letter and Spirit
      of Law

  • @TTGaming6969
    @TTGaming6969 2 ปีที่แล้ว +77

    Builders refused to complete their projects on time with the hopes prices would keep going up. Now they are in a rush to finish before prices Crater.

    • @gavinv4807
      @gavinv4807 2 ปีที่แล้ว +4

      What? Builders have an incentive to finish on time. They have loans from the bank just like buyers. The interest rate goes up for buyers, the interest rate goes up for sellers.

    • @MyNameIsNotEmail.ItsEmail
      @MyNameIsNotEmail.ItsEmail 2 ปีที่แล้ว

      💯💯💯💯💯💯

  • @72launchpad
    @72launchpad 2 ปีที่แล้ว +74

    Wait, your telling me a 1 bedroom house the size of a small garage is priced at $950,000 people can't afford and no one is buying at that price........WHAT A SHOCKER!!!!!

    • @lexalee5795
      @lexalee5795 2 ปีที่แล้ว +2

      😂🤣😂🤣 Right!!!!

    • @bigstickful
      @bigstickful 2 ปีที่แล้ว +2

      Imagine that.

  • @LeonardoUV
    @LeonardoUV 2 ปีที่แล้ว +47

    Home prices are dropping from "super expensive" to "expensive"

  • @JTDyer21
    @JTDyer21 2 ปีที่แล้ว +60

    Too overpriced. Nothing close to reasonable.

  • @lothean2099
    @lothean2099 2 ปีที่แล้ว +100

    This is so funny. The buyers are doing the same thing home builders started doing.

  • @JP-eo8xb
    @JP-eo8xb 2 ปีที่แล้ว +33

    “Overvalued homes” being the key word there.

  • @TheRideshareHub
    @TheRideshareHub 2 ปีที่แล้ว +1

    The script has flipped. Buyers have all the power now.

  • @thejuicerr
    @thejuicerr 2 ปีที่แล้ว +23

    It's simple...... don't buy a home at their all time high (adjusted for inflation)

    • @brianoleson9224
      @brianoleson9224 2 ปีที่แล้ว

      its more then that dont buy after we havent had a recession in 10 yrs and the first pandemic in 110 yrs how could they be so stupid need a place to live rent or buy a mobile home for 10x less money and wait a short period 1-4 yrs max

  • @KevinGonzalez33470
    @KevinGonzalez33470 2 ปีที่แล้ว +22

    Thankfully I opted for a one year mortgage rate lock back in 2021. Back then the rates were 2.875 which meant the highest I would get was 3.375. When I finally closed this past May 2022, the rate was already over six percent. Had I not taken the one year rate lock in 2021 I would have no longer qualified for the mortgage. In addition, the 3475.00 I spent to buy the point for the rate lock will end up saving me over 100k in interest costs over the 30 year term.

    • @dwadedunkedkobe
      @dwadedunkedkobe 2 ปีที่แล้ว +1

      I guess that's a smart idea if you want a 30 year mortgage, but some of us would like to retire early. I think you'd have been better off paying it off early at a lower base price and higher interest rate.

    • @KevinGonzalez33470
      @KevinGonzalez33470 2 ปีที่แล้ว +2

      @@dwadedunkedkobe given the prices here in South Florida, I had no other choice and I was only able to qualify for the 30 year product. I had been living in a one bedroom apartment for eleven years and after moderate rent increases of 7 percent per year, I was forced to accept a 50 percent increase or get out, so I did. My mortgage payment is on par with what I would have been paying in rent.

    • @dwadedunkedkobe
      @dwadedunkedkobe 2 ปีที่แล้ว +3

      @@KevinGonzalez33470 Oooof. Sorry to hear that, man. Glad you eventually got something.

  • @JasonBoyce
    @JasonBoyce 2 ปีที่แล้ว +15

    This is what’s been happening in China. Chinese homebuyers were buying homes before they were built, and then companies were using those to pay off other homes they hadn’t built yet, so they stopped finishing the existing homes, and homebuyers stopped paying on those houses.

    • @servoskulljacob7728
      @servoskulljacob7728 2 ปีที่แล้ว

      i hear thats just the tip of it. tofu construction is a thing i hear.

  • @punapeter
    @punapeter 2 ปีที่แล้ว +12

    Not to mention JUNK "Quick and Cheap" Spec Homes. Home Depot crap houses mirroring another.

  • @cjj3229
    @cjj3229 2 ปีที่แล้ว +15

    I was in the market for a home a few years ago and the home prices seem to increase overnight. Couldn't find anything decent in my budget. I just decided to wait and continue to save to avoid being stuck with an overpriced home. Glad I did. I will just see what the next year brings.

    • @lexalee5795
      @lexalee5795 2 ปีที่แล้ว +1

      Wishes to you! Don’t let this corrupt market take advantage of your hard work.

    • @MayTheOddsBeInYourFavor
      @MayTheOddsBeInYourFavor 2 ปีที่แล้ว

      Smart

    • @jaahnnn
      @jaahnnn 2 ปีที่แล้ว +1

      If you are renting you are just paying off someone else's overpriced home

    • @sp123
      @sp123 2 ปีที่แล้ว +2

      @@jaahnnn yeah, even if you overpay for a house now, it will still be cheaper than renting a house in the same area.
      Rent will always increase, regardless of the house market

  • @alonsoreyes715
    @alonsoreyes715 2 ปีที่แล้ว +23

    When houses drop to 189 then I’ll buy😂

    • @jahjoeka
      @jahjoeka 2 ปีที่แล้ว +2

      189k?

    • @dls951
      @dls951 2 ปีที่แล้ว +3

      @Strategic Housing Analyst $50 bucks a ft? a modular runs $130-$210 and you supply the lot,
      try $275 per sq ft on a stick built. Ya I do this for a living.

    • @dls951
      @dls951 2 ปีที่แล้ว +1

      @The Skull Dweller Well in the 45 years in the trade I can tell you for sure, I never build a house for $50 bucks a ft.
      But you keep living in your skull boy clearly plenty of room there.

    • @dls951
      @dls951 2 ปีที่แล้ว +1

      @Strategic Housing Analyst You must be one of those $50 dollar a sq ft builders?

    • @dls951
      @dls951 2 ปีที่แล้ว +1

      @Strategic Housing Analyst Now its clear to me why your logo is "bankruptcy"

  • @honestlynate7922
    @honestlynate7922 2 ปีที่แล้ว +6

    So you didn't get it fixed rate? Who buys a home mortgage that isn't fixed?

    • @devnfun
      @devnfun 2 ปีที่แล้ว +5

      Lenders (often attached to builders) won't lock your rate for the up to 24 months it takes to complete your home. So by the time you get to closing (and start paying your mortgage) rates go up. People closing on new built homes today went under contract way before rates started going up.

    • @cypherlock01
      @cypherlock01 2 ปีที่แล้ว

      @@devnfun 💯

  • @nathanielcarreon5634
    @nathanielcarreon5634 2 ปีที่แล้ว +2

    Bad Karma for builders

  • @ELBarbarro
    @ELBarbarro 2 ปีที่แล้ว +8

    Ngl I hope we see builders go under as many of them spent months cancelling contracts on buyers just so they could sell the house for more

    • @grantedhehasthebabyskin2435
      @grantedhehasthebabyskin2435 2 ปีที่แล้ว

      That isn't great. This would just cause prices to rise again at a fast rate. Need to have better protections for buyers instead.

  • @ab8817
    @ab8817 2 ปีที่แล้ว +11

    imaging being someone who bought at the peak in 2021-22 at a price 300k over a home's actual value with no inspection 🤣🤣

  • @chrysenthenum2
    @chrysenthenum2 2 ปีที่แล้ว +10

    let it crash

  • @cyber702
    @cyber702 2 ปีที่แล้ว +4

    People about to have buyers remorse. Wait for the 40% drop.

    • @brianoleson9224
      @brianoleson9224 2 ปีที่แล้ว +1

      40 percent isnt enough in about 6 different states. in idaho or texas you need 80% cause there 130% overpriced adjusted for inflation and grew 35 years in 10 years

  • @DungNguyen-hz5tb
    @DungNguyen-hz5tb 2 ปีที่แล้ว +7

    Don't buy -the end.

  • @enzone235
    @enzone235 2 ปีที่แล้ว +15

    It's called the American dream because you have to be asleep to believe in it! THIS COUNTRY IS FOR RICH PEOPLE, ALWAYS WAS!

    • @servoskulljacob7728
      @servoskulljacob7728 2 ปีที่แล้ว +1

      Pick up a Sport. go pro. get a nike Contract. call all the people ya grew up with Bigots... im sure you will do fine. you dont even need to be good at the sport just ask the last guy that got rich that way,.

    • @enzone235
      @enzone235 2 ปีที่แล้ว

      @@servoskulljacob7728 👊😎

    • @enzone235
      @enzone235 2 ปีที่แล้ว +1

      @@servoskulljacob7728 👊😎

    • @yeamore6324
      @yeamore6324 2 ปีที่แล้ว

      @@servoskulljacob7728 I sense the anti black racism. Work on those low white birth rates first

    • @servoskulljacob7728
      @servoskulljacob7728 2 ปีที่แล้ว

      @@yeamore6324 get lost... go fork another sport...

  • @JIMSCREECHIE876
    @JIMSCREECHIE876 2 ปีที่แล้ว +15

    Investment firms will scoop up everything left on the table.

    • @ludokerfluffle6232
      @ludokerfluffle6232 2 ปีที่แล้ว +6

      Glad someone is paying attention.

    • @GiftedDee
      @GiftedDee 2 ปีที่แล้ว +3

      They have already and stuck with homes that’s not selling

    • @JIMSCREECHIE876
      @JIMSCREECHIE876 2 ปีที่แล้ว +3

      @@GiftedDee most aren't buying to resell. Its to hold and rent for cash flow with the added bonus of raising home prices in their respective zip code.

    • @RH-lg9uc
      @RH-lg9uc 2 ปีที่แล้ว +1

      @@JIMSCREECHIE876 correct SFH is the new stock market l. Fundrise, blackrock and the like are here to stay. In the future builders will likely just turn to them if buyers refuse.

    • @eligreg99
      @eligreg99 2 ปีที่แล้ว +1

      What does that do if nobody can afford them? It doesn’t matter if McDonald’s started buying whole neighborhoods. What does it matter if you have no customers?

  • @karlabritfeld7104
    @karlabritfeld7104 2 ปีที่แล้ว +3

    This is long overdue. Houses are priced wayyyyy too high and contractors want way too much for sub par work.

  • @MH-js5eg
    @MH-js5eg 2 ปีที่แล้ว +14

    Good.

  • @jessicabixler1658
    @jessicabixler1658 2 ปีที่แล้ว +6

    Median for historical average should be about 250k right now....🙀

  • @ciscodiy8276
    @ciscodiy8276 2 ปีที่แล้ว +3

    Get an RV and forget about the stupid housing market. Once you save enough in the next years think about if you need a house or not.

    • @libnatty1862
      @libnatty1862 2 ปีที่แล้ว

      Thinking about it. 🤔

  • @dalelabell1895
    @dalelabell1895 2 ปีที่แล้ว +5

    A big problem is the underwriters for the banks. They are making it harder to close.

    • @dalelabell1895
      @dalelabell1895 2 ปีที่แล้ว +1

      @Strategic Housing Analyst because they are adding to many hoops at the last minute. Knowing people will get frustrated and just back out.

    • @dalelabell1895
      @dalelabell1895 2 ปีที่แล้ว +1

      @Strategic Housing Analyst the lenders and underwriters work together. The underwriter has the say of what happens not the lender. Lender only sees if you pre-qualified. That's basic house buying 101

    • @dalelabell1895
      @dalelabell1895 2 ปีที่แล้ว +2

      @Strategic Housing Analyst prices are falling because many areas were overpriced prior to covid, plus the exodus out of cali.. I've lived in 4 states going on number 5 soon. I grew up around banks. My mother worked in one from 18 years old to retirement. It's all about area. It'd all about the underwriters. Look at 2008 they were giving McDonald's workers 1 million dollar loans. That dis not happen this time! Since 2008 2 main companies have been buying single family homes. 40 percent or more are rentals now.

    • @dalelabell1895
      @dalelabell1895 2 ปีที่แล้ว

      @Strategic Housing Analyst you are aware 80 percent of all stats are wrong? It's been proven.

    • @dalelabell1895
      @dalelabell1895 2 ปีที่แล้ว +1

      When one of the top companies buys a house they bundle it. Example one company took 60 billion dollars in a loan for housing. It is considered one loan even though they bought many properties. This is also how they still only pay 1.25 to 1.50 percent intrest. No offense but you have no clue how the house market works.

  • @michaelmyers2108
    @michaelmyers2108 2 ปีที่แล้ว +18

    2008 housing crash 🙏 praying

    • @rack9458
      @rack9458 2 ปีที่แล้ว +3

      Wont happen. We have a low supply of homes, high demand and high interest rates. Econ is not your strong suit. Dont quit your day job!

    • @Alex-vf8ww
      @Alex-vf8ww 2 ปีที่แล้ว +4

      @@rack9458 lmao famous last words

    • @jessicabixler1658
      @jessicabixler1658 2 ปีที่แล้ว +3

      @@rack9458 we have 15 million vacant homes and lots of over stretched finances. The rich buy empty homes then dump them. 08 started with mortgage crisis but finished with peoole just walking away from negative equity for a better deal.

    • @Iso_Jay01
      @Iso_Jay01 2 ปีที่แล้ว +1

      It will happen

    • @rack9458
      @rack9458 2 ปีที่แล้ว +2

      @Strategic Housing Analyst California? The most overpriced market in the US? Hahahaha

  • @steplaland
    @steplaland 2 ปีที่แล้ว +3

    So, just give it to the next buyer. They said housing would never go down because low inventory and high demand.

  • @azteca6695
    @azteca6695 2 ปีที่แล้ว +2

    I went to look at a new subdivision close to my house. The prices of these homes 😯

  • @cmritchie04
    @cmritchie04 2 ปีที่แล้ว +8

    this is good news, they have second thoughts 1)those houses are poorly constructed not much to knock them down in the first place and I would expect them to with stand a tropical storm 2)they probably hired illegal immigrants 3)the houses are way over priced! 4)HOA's are out of control!

    • @indyguy3400
      @indyguy3400 2 ปีที่แล้ว +1

      Is this assumption or fact ?? Any real proof or just stupid comments

    • @cypherlock01
      @cypherlock01 2 ปีที่แล้ว +1

      @@indyguy3400 the latter

  • @seeingit9337
    @seeingit9337 2 ปีที่แล้ว +3

    And so it begins!

  • @BONZITORONTO
    @BONZITORONTO 2 ปีที่แล้ว +3

    The Real Estate market stinks like a rotten tomato 🍅

  • @raypena1516
    @raypena1516 2 ปีที่แล้ว +4

    Overpriced and poorly constructed crap. I bought a house way to big for one person and I cannot afford to downsize.

  • @jollyrodger5319
    @jollyrodger5319 2 ปีที่แล้ว +6

    Here comes the second pop they didn't learn the first time in 2008 here we go again

    • @rack9458
      @rack9458 2 ปีที่แล้ว +2

      2008 had nothing to do with an over supply of houses. Educate yourself!

    • @jessicabixler1658
      @jessicabixler1658 2 ปีที่แล้ว

      @@rack9458 mortgage crisis and oversupply...that is what started it...

    • @rack9458
      @rack9458 2 ปีที่แล้ว

      @@jessicabixler1658 Mortgage crisis? Please explain.....

    • @sunsaytions1076
      @sunsaytions1076 2 ปีที่แล้ว +1

      It was about Subprime loans in 2008. There was no over supply. People were getting NINA(no income no assets)loan and stated loans where u state ur income and it was not verified. The banks were making loans to people who could not afford them.

    • @rack9458
      @rack9458 2 ปีที่แล้ว +1

      @@sunsaytions1076 Correct it was no a supply issue. You should research the default rate of NINA loans. There were far higher rates of ARMS and FHA loans than NINA loans.

  • @jeffflesner7260
    @jeffflesner7260 2 ปีที่แล้ว +70

    It's a buyer market and it's just started. Just wait, the best is yet to come. Too bad seller, your clock has run out.

    • @joevarga5982
      @joevarga5982 2 ปีที่แล้ว

      You sound like a bitter renter.

    • @rammanohar8161
      @rammanohar8161 2 ปีที่แล้ว +20

      I will not accept anything less than a 40% drop in prices

    • @joevarga5982
      @joevarga5982 2 ปีที่แล้ว +5

      @@rammanohar8161 Give it 5 years.

    • @dls951
      @dls951 2 ปีที่แล้ว +4

      I bet if houses were free you couldn't afford one.

    • @dls951
      @dls951 2 ปีที่แล้ว +3

      @@rammanohar8161 how do your parents feel about your demands?

  • @Uwolz
    @Uwolz 2 ปีที่แล้ว +2

    Our builder dropped the price of the house and re did our contract. Just 25k but better than nothing. They haven’t started building yet.

  • @ki641
    @ki641 2 ปีที่แล้ว +3

    So it begins

  • @Bradimoose
    @Bradimoose 2 ปีที่แล้ว +1

    The only thing getting built is luxury homes there's no normal homes anymore

  • @mhorlack
    @mhorlack 2 ปีที่แล้ว +16

    How is this bad? Just keep building so people can afford them

    • @tardis3962
      @tardis3962 2 ปีที่แล้ว +2

      so you want to repeat 2008 but this time we bailout homebuilder company's

    • @madusonkeeper
      @madusonkeeper 2 ปีที่แล้ว

      Ya that isnt happening

  • @townsendmedia
    @townsendmedia 2 ปีที่แล้ว

    1:25 I Call BS! If you are looking to buy a home because of price, you should not be buying it...unless you are an investor. You look for the features and the benefits of living in that neighborhood.

  • @carloscampos5
    @carloscampos5 2 ปีที่แล้ว +4

    Right now in SoCali we have alot of work but that's only because the homebuilders are rushing every trade to finish faster. Was told by my company that work is gonna slow down and they're already planning on laying of some workers soon

    • @RH-lg9uc
      @RH-lg9uc 2 ปีที่แล้ว +1

      This is what is being said in markets all over. Builders are about to slow way down

  • @frankisawesomee
    @frankisawesomee 2 ปีที่แล้ว +2

    Low income people cannot afford 1.995 million dollar homes . So let that sink in . #dosomething

    • @doebuck9708
      @doebuck9708 2 ปีที่แล้ว

      Only the idiots in S.F will think it's a bargain.

  • @AB-fq4mr
    @AB-fq4mr 2 ปีที่แล้ว +2

    Good luck paying that mortgage that takes up 50% of your take home income now that energy and food prices are double.

  • @prickly_pear88
    @prickly_pear88 2 ปีที่แล้ว +1

    Remember just cus its on the news dont mean its real life

  • @litt0killa
    @litt0killa 2 ปีที่แล้ว +1

    Home buying here in Texas is ridiculous with these investors from out of state!! GTFO we don't need y'all here jacking up our housing prices!!!

  • @deza.williams9657
    @deza.williams9657 2 ปีที่แล้ว

    So people lost interest in purchasing homes in the drought stricken areas of the country? Shocking 😅

  • @brianoleson9224
    @brianoleson9224 2 ปีที่แล้ว +1

    we had the 1st pandemic in 110 years why would anybody buy a 3 digit $ for a home wait if you cant find cheaper housing you also dont have to rent - car, rv, mobile home etc

  • @876junk
    @876junk 2 ปีที่แล้ว +1

    Cheaply made houses selling for mansion prices

  • @hootarosetagaya5570
    @hootarosetagaya5570 2 ปีที่แล้ว +1

    Possession is the beginning of misfortune.

  • @easyb622
    @easyb622 2 ปีที่แล้ว +1

    This is a good thing this will prevent another housing crash also it will lower prices in certain areas pretty quickly

  • @sungkim742
    @sungkim742 2 ปีที่แล้ว

    Increasing interest rates and ridiculous high house prices. Yup.

  • @alexvee4883
    @alexvee4883 2 ปีที่แล้ว

    Let's not forget they raised interest rates by 0.75% and banks are more reluctant to give out loans.

  • @johngjerry1892
    @johngjerry1892 2 ปีที่แล้ว +1

    Depends where / not some areas back out/

  • @havnchorts4106
    @havnchorts4106 2 ปีที่แล้ว

    199,500 for something new? Definitely not CA

  • @msopinionated4374
    @msopinionated4374 2 ปีที่แล้ว +1

    Every time I go online they’re trying to encourage me to buy a house but why when it’s inflation 🤔

    • @lisalee2885
      @lisalee2885 2 ปีที่แล้ว

      The Agents are Hungry to buy or sell homes....they are gonna hurt more and more

  • @RIGTHEGIANT
    @RIGTHEGIANT 2 ปีที่แล้ว +1

    Don’t worry black rock will buy everything anyway

  • @kall2571
    @kall2571 2 ปีที่แล้ว +1

    Got my house in July. 5.4% my house payment is 1800. I live in New Mexico

    • @RH-lg9uc
      @RH-lg9uc 2 ปีที่แล้ว +1

      That’s good I’m sure rents are pretty close to that. If prices drop and rates go up the payment would likely still be the same

  • @simasima9455
    @simasima9455 2 ปีที่แล้ว

    Homes shouldn’t cost this much. It’s all monopoly.

  • @georgewbushcenterforintell147
    @georgewbushcenterforintell147 2 ปีที่แล้ว +1

    When I was young burger king cheeseburger was . 39 cents now it's 3 $

  • @Sonofawildanimal
    @Sonofawildanimal 2 ปีที่แล้ว

    This housing market STINKS

  • @bigstickful
    @bigstickful 2 ปีที่แล้ว

    Keep waiting. Homes are not bottomed out yet but within 8 month to a year probably will.

  • @danielx555
    @danielx555 2 ปีที่แล้ว

    There was quite a bubble developing, and I'm glad that it is slowly hitting a plateau and slowly decrescendoing.

  • @Viccr72323
    @Viccr72323 2 ปีที่แล้ว +4

    Too bad prices will never drop to what they were.

    • @Viccr72323
      @Viccr72323 2 ปีที่แล้ว

      @Strategic Housing Analyst live in Austin. Price drops have been at best $40k. Going from $340k to $300k. I know that’s cheap compared to y’all but expensive here in texas

  • @Mental.Hub.
    @Mental.Hub. 2 ปีที่แล้ว

    What is the real cost of building a $400k house?

  • @coreysmayfield
    @coreysmayfield 2 ปีที่แล้ว +1

    Everything comes full circle.

  • @redraven_y2k
    @redraven_y2k 2 ปีที่แล้ว +1

    I'm so glad I brought a older home in 2018. Yes, my fixed30 year interest rate is 4.25% but I refuse to be suckered into refinancing which cost me more out of pocket and new terms that benefit the mortgage company but not me. Nope, I'm good.

    • @danielx555
      @danielx555 2 ปีที่แล้ว +1

      We were looking at a $400,000 tiny one bedroom condo in Seattle and I suddenly had an epiphany: I did not want to sink money into overpriced real estate. So we moved to rural Washington and bought an old house and we did everything over, new windows and new doors and everything resurfaced and repainted, and we ended up with a half acre with three bedrooms and two bathrooms for $200,000. I also had a wonderful experience choosing every fixture and paint color and flooring and everything.

    • @redraven_y2k
      @redraven_y2k 2 ปีที่แล้ว

      @@danielx555 Yes, added benefit of no homeowner association or co ops with people telling you what to do, not having to dealing with other people's pest(roaches, mice, visitors), visitors parking in your spot or losing everything in a building fire caused by some unattended child. Plus, you have instant equity and selling power if necessary without the hassle of association board approving the sell.

  • @havnchorts4106
    @havnchorts4106 2 ปีที่แล้ว

    Time to short KB homes and other greedy companies.

  • @Mactrizel
    @Mactrizel 2 ปีที่แล้ว

    Greed poisons us all

  • @mdb1239
    @mdb1239 2 ปีที่แล้ว

    ""The average mortgage rate in 1990 was 10.13%"". 5% is nothing compared to over 10%.

  • @ScottReynolds003
    @ScottReynolds003 2 ปีที่แล้ว +5

    Hopefully the house prices nose dive

    • @dennispatterson4998
      @dennispatterson4998 2 ปีที่แล้ว

      so hows that going to work-?- whats gotten cheaper in your world.?- gas- food- building costs and permits are still at record highs.

    • @ScottReynolds003
      @ScottReynolds003 2 ปีที่แล้ว

      @@dennispatterson4998 supply and demand.
      People stop buying and prices drop. Ive built homes for 35 years. Theajor price difference doesn't come from materials and permits. That's a lame reason.

  • @darioperez5084
    @darioperez5084 2 ปีที่แล้ว +4

    Just wait for the 2008 to come back gonna be a mass of homeless

  • @RoadTripzz14
    @RoadTripzz14 2 ปีที่แล้ว +2

    And the soldiers of the Real Estate Mafia suffer crushing defeat. Good people who want a roof over their heads win.

  • @demolitiondan1188
    @demolitiondan1188 2 ปีที่แล้ว

    6% rates are staggering?? 🤣🤣🤣People ain’t seen nothing yet…..😬😬😬

  • @TechLurker
    @TechLurker 2 ปีที่แล้ว +1

    the builders deserve this. sweet karma

  • @qolspony
    @qolspony 2 ปีที่แล้ว

    YES! YES! YES!

  • @NotMeGworl
    @NotMeGworl 2 ปีที่แล้ว

    Ummm....DUHHHH!!!

  • @doebuck9708
    @doebuck9708 2 ปีที่แล้ว

    People are finally coming to sense with these over price cheap labor homes

  • @fordayoutube8712
    @fordayoutube8712 2 ปีที่แล้ว

    DUH try paying 8% on a overpriced new house

  • @dianawolf894
    @dianawolf894 2 ปีที่แล้ว

    Contract back-outs

  • @lindz4166
    @lindz4166 2 ปีที่แล้ว +1

    People buying houses at $1.9Mil are not affected by the housing prices 😂😂😂 Why are you even talking to this builder? There will always be housing for the rich. These are not the people who need to be spotlighted during this time - focus on those who work to survive as they are being severely impacted by this. They will more than likely never have the opportunity to own a home -> when a 100 year old 1,200 sq ft house, where you can see into your neighbors windows, is costing $500,000 😂🤯

  • @PG-tc6os
    @PG-tc6os 2 ปีที่แล้ว

    The bonanza time is over

  • @Seashelley1
    @Seashelley1 2 ปีที่แล้ว

    Well maybe they should lower price!

  • @B86432
    @B86432 2 ปีที่แล้ว

    Costs 25% more to build than buy

  • @eligreg99
    @eligreg99 2 ปีที่แล้ว

    I wouldn’t want to pay half a million for a studio either. Can we return to 2008 prices? At this rate I will never own a home. Wouldn’t want to be stuck in a 60 year mortgage.

  • @Donyce19
    @Donyce19 2 ปีที่แล้ว +1

    So the Fed's plan is working... Good? 🤷🏿‍♂️

  • @yvonnefarrell1029
    @yvonnefarrell1029 2 ปีที่แล้ว

    They will need to rent and so the homebuilders @NAHB will have to create more #rental housing including for poor people and elderly who worked in the gig economy for decades and do not deserve to be homeless. ALl houses in the US are #overvalued. Why do people take this? They should not pay the most for a house. Tell the seller even if it means they sell to a conglomerate, "No that is too expensive. Shame on you."

  • @mmoarchives2542
    @mmoarchives2542 2 ปีที่แล้ว

    coming soon to a law firm near you, if you want to back out of a housing deal you'll have to pay a backout fee

  • @dorispowers9060
    @dorispowers9060 2 ปีที่แล้ว

    Home builders need to cut their profits. It's simple.

  • @nohopeequalsnofear3242
    @nohopeequalsnofear3242 2 ปีที่แล้ว

    Here we go again....it's like they learned nothing from 2008.
    The big short 2

  • @juandartyy
    @juandartyy 2 ปีที่แล้ว

    In no hurry to "own a liability"

  • @glennz6686
    @glennz6686 2 ปีที่แล้ว +3

    Prices dropping to more reasonable affordable levels isn't newsworthy. It's called a normal market.
    Yah all reporters need to get real jobs and stop blowing everything out of proportion.

  • @peterramsay1767
    @peterramsay1767 2 ปีที่แล้ว +2

    The first step to successful investing is figuring
    out your goals and risk tolerance - either on your own or with the help of a Financial Advisor. If you can get the facts about savings and investing with a well detailed plan, you should be able to gain financial security over the years and enjoy the benefits of managing your income.

    • @steceymorgan814
      @steceymorgan814 2 ปีที่แล้ว

      I think the pandemic have really taught
      people the importance of multiple streams
      of income, unfortunately having a job
      doesn't mean security.

    • @alexmontrey5372
      @alexmontrey5372 2 ปีที่แล้ว

      Successful people don't become wealthy
      overnight. What most people see as a
      lance wealth, a great career and luxury is a
      result of smart work.

    • @kathyfrugalsen3047
      @kathyfrugalsen3047 2 ปีที่แล้ว

      @Muyiwa MG I think the key thing here is working with a
      professional. Yes people have devoted their
      lives to making profits in the market, but
      those of us who haven't but are interested in
      investing can simply work with them.

    • @eddiejohn8506
      @eddiejohn8506 2 ปีที่แล้ว

      @@kathyfrugalsen3047 Alright, so you know anyone?

    • @kathyfrugalsen3047
      @kathyfrugalsen3047 2 ปีที่แล้ว

      @@eddiejohn8506 Nope, not yet. But the search is on.

  • @ruturaj47
    @ruturaj47 2 ปีที่แล้ว

    Overvalued homes, that's the reason I am not buying.

  • @dhowto3005
    @dhowto3005 2 ปีที่แล้ว

    Interesting.

  • @criessmiles3620
    @criessmiles3620 2 ปีที่แล้ว

    Wooden houses 🏠?
    Why ?
    Cheers from west Africa
    🦅

    • @AB-fq4mr
      @AB-fq4mr 2 ปีที่แล้ว +1

      Because Americans like to live in new houses and cities develop fast here, so it’s easier to build new communities every 40 years than to renovate old buildings since we have so much land.

  • @ChildPlease30
    @ChildPlease30 2 ปีที่แล้ว

    But according to the government, we are not in a recession haha

  • @thanumgaming
    @thanumgaming 2 ปีที่แล้ว

    Enough piranha eat the corpse and nothing is left.

  • @mm7736
    @mm7736 2 ปีที่แล้ว

    Not in Florida 🤣