Trade on any event with Kalshi and use this link to get $20 after depositing $100 kalshi.onelink.me/1r91/larrycheung My personal brokerage: Trade H-Shares (Hang Seng) Stocks & Earn 4.8% Interest on Idle Cash: www.interactivebrokers.com/mkt/?src=larrycheungNPY1&url=%2Fen%2Fwhyib%2Foverview.php Further Reading/Content on this topic: 1.) macleans.ca/economy/realestateeconomy/my-mortgage-payments-rose-almost-2000-in-a-year/ 2.) Canadian Realtor: th-cam.com/video/s0Lymd-tldI/w-d-xo.html (Jon Flynn) 3.) Canadian Economy: www.wsj.com/articles/canada-unemployment-rate-inched-up-in-may-with-softer-hiring-731b92de 4.) Zero Down Mortgages: www.freep.com/story/money/personal-finance/susan-tompor/2024/05/31/uwm-united-wholesale-mortgage-zero-down-payment-mortgages/73881575007/ 5.) How Zero Down Mortgages work: www.cnn.com/2024/06/03/business/zero-down-mortgage-nightcap/index.html
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
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.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I'm hoping there will be a housing crisis so I can buy cheaply when I sell a few houses in 2025. As a backup plan, I've been thinking about purchasing stocks. What advice do you have for choosing the best buying time? On the one hand, I continue to read and see trading earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?
You're not doing anything wrong; you simply lack the expertise necessary to make money in a bad market. In these difficult circumstances, only really skilled experts who witnessed the 2008 financial crisis can expect to generate a large wage.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
Sharon Ann Meny is the licensed advisor I use. Just search the name. You’d find her webpage and necessary details to work with to set up an appointment.
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
consider moving your money from the housing market to financial markets or gold due to high mortgage rates and tough guidelines. Home prices may need to drop significantly before things stabilize. Seeking advice from a financial advisor who understands the market could be helpful in making the right decisions.
When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.
Housing crisis, health crisis, cost of living crisis, debt crisis, inflation crisis, EU war crisis, middle East crisis. How many crises can a koala bear? I'm approaching retirement with comfortable millions, yet scared of a banking crisis. Where do I best grow my money?
i would advise the counsel of a seasoned financial pro. It may be expensive, but as the old saying goes "You get what you pay for." "Expert solutions require Expert providers" - my mantra.
That's right, investing with the help of a financial advisor set me up for life with about $1.6m in stock portfolio. I max out my 401k and have few properties. I worked hard everyday as a teacher for 32 years, and my salary was over 100k annually. But if it wasn't for 2020 covid lockdown, I wouldn't have supplemented my income with stocks and alternative investments.
@@J.woltz48 bravo! I've worked in real estate for over 25 years and have neglected a major stock portfolio, however I need a different plan now... mind if I look up the professional guiding you please?
Katherine Nance Dietz is my FA. Just google the name and you’d find necessary deets. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
i live in vancouver canada, i work on peoples houses. ill tell ya, they own a 2.5 mil house, but have no money to make repairs on the house, so they hire the cheapest labor they can find. which, the government is letting in millions of cheap laborer right now, lowering wages in canada. not a good place to run a business.
It's a vicious cycle. If people can't afford homes, they might delay retirement savings, but if they focus solely on saving for this. Economic instability, inflation, and market fluctuations can further complicate matters and add to people's financial worries.
Most times it comes down to proper financial planning cause most people don’t realize how important financial planners are until they messed up. Working with professionals who have expertise and experience in the market can provide valuable insights and guidance to navigate volatile times.
They can’t cut the interest rates, housing prices would go crazy high if they did - that would be a big setback. I give it 3 years before we see a significant drop in interest rates.
@@timothygibney159 you must not have experienced the 2004-2012 US housing market as a bill-paying adult. Those who fail to learn from history are doomed to repeat it.
The zero% down loan has to be marketing gimmick. I looked up 80% of median income in my area, it's $78k. A decent house runs $400-600k. Mortgage payments alone would exceed $50k annually.
According to a financial planner, It's possible to make sure you have enough money for a comfortable retirement by contributing at least 15% of your income into a 401(k). How may you potentially increase the amount you save for retirement over time by utilising compound interest?
I’m a new dad, I moved from Tampa to Santa Clara a few years ago and I’m thinking of purchasing a single family home there, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? Looks like NVDA, TSM and AMD and AVGO are strong buys this week.
well you could put a downpayment on a home and as well diversify as much as you can into Ai, energy and big pharm. stocks like Pfizer and JnJ, ASML, MLM and S&P 500 ETFs.
Certain ai companies are rumoured to be overvalued and might cause a market correction, I’d suggest you go with a managed potfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I making a whooping $738k in Q4 last year.
Monica Mary Strigle, you'll be in luck at this time of year to have a conversation. lady is hot topic in downtown manhattan and you must not be and accredited investor. Just browse.
I believe that investors ought to use their money wisely at all times, especially More market diversification will begin to appear in 2024. A little over $350,000 of my funds should be invested in equities by the end of the year. In 2024, I want to be millionaire.
Now that the risk is at an all-time high, maybe you should exercise a bit more patience and come back when the risk has subsided. As an alternative, you can get strategic advice from a qualified financial specialist.
Indeed, a brokerage advisor has been in contact with me. Using a starting reserve of $80k, my advisor sets the entry and exit orders for my portfolio, which now stands at about $550k.
My licenced advisor of choice is Melissa Jean Talingdan. Just look up the name. In order to schedule an appointment, you would find the information you need in a letter.
I sincerely appreciate your useful advice. I was able to schedule a call with the individual and confirm her identity. She seems quite knowledgeable, and I appreciate your advice very much.
I'm trading both stocks and crypto! Thank you, my man! Christopher nolan You have no idea how much this helps me! I'm in $158k in the hole for fighting and winning my rights as a father and beating some illnesses, including cancer. I've been following you, having success with your moves during my breaks at work, and I want to give props where it's due! Thank you and LFG! 100
Some people are just not market/math smart, Find it boring or don’t have the time to commit and learn. And at the end of the day, Investing comes with risk and a lot of people don’t want to deal with it.
Having a mentor is my personal recommendation. It seems like a good bet if you have limited market knowledge, but I'm not sure where you'll find an experienced one.
It's usually best to ignore the trend whether bullish or bearish and stick to a proper trading plan maybe from the help of a professional. I recently just started investing again so I am still in touch with the consultant that provides entry and exit points on the securities I focus on. She does all the technical analysis legwork while I go about my other businesses. You can use something else if you are the DIY type of guy, investing has no one way to do it
Wow its amazing how this video is talking down about a new housing scheme while promoting a gambling platform for those who hold their opinion strongly about "event". If I have to chose between Kalshi gambling platform or a zero down home I'll take the latter at least I will have a shelter (for a while)
Housing market at highs? Yes. It is almost always at highs. That's how the economy works. Prices go up. Just like any product. There have been zero down programs for decades. This is nothing new. Most states have these programs too. 700 credit score is stellar. Maintenance? Home buyers get inspections and most Maintenance should be years out. A couple thousand applications? There are 90 million houses....
About the UWM 0% down loan, this is not going to move the market. No one qualifies for a home making only 80% of the areas median income. That program is a rouse.
Stop calling it property taxes. The correct term is housing tax. The American regime doesn't want you making the connection because housing should not be taxed. You have the right to your house without government encroachment through taxation. We need to end the housing tax!
Wild take. How would you fund localized services? County roads, schools, police and fire. Does the money just... magically appear in the local government's account? Or are you proposing that they overlay an additional tax on say your food and gas to fund these things?
Oh I don’t know. Perhaps from the fuel taxes, city sales tax, county sales tax, state sales tax, federal income tax, state income tax, phone tax, fire dues tax just to name a few. There’s plenty more.
@@ShorlanTanzo they are robbing so much of the tax money that clearly they are taking a very excessive amount in tax. They refuse to audit books and trace the money.
My state has the double homestead exemption, Once we claimed it our taxes almost halved and when we turn 65 tax halts, 100 disabled vets zero property tax, Current military zero property tax. Those 3 groups are property tax exempt.
Hello Larry, can you make a comparison between the consequences of the 0% mortgages with what happened in 2008 financial crisis that brought a wave of foreclosures?
agree. could see something strong like 5.3-5.7% will take place in the coming months, securing Biden's campaign imo, and creating a frenzy in the housing market (again).
I too got suckered into buying in 2008 at the worst time! Bought for 600k, now my home is worth close to 2M in SoCal. But I will admit I thought I made a huge mistake as my home value dropped to 500k in 2009, then I realize I just needed a home for my family and it didn’t matter. In the long run it doesn’t make a difference, home priced always go up.
Correct. There are many ways to build wealth. Homeownership is only one way. But the problem is, most people, especially low income people, don’t have the financial knowledge to invest and grow their wealth. They end up spending the money they save up. But buying a house is sorta like forced savings for a lot of people. So, financial literacy is very important life skill that should be mandatory in grade school.
Maf 500k house 1% value insurance. Prop taxes in prop tax only states 2-3% 10-15k Save 1% for maintenance. 4-5% for necessary maintenance of house 20-25k is the bare min you need to maintain a 500k house. Mortgage itself 500k at 2-3% let's say like B4 housing spike. It would be another 20-25k. If it's by today 6-7% it is 40-50k in interest per yr. And federal taxes. You can reduce your taxes because of mortgage interest paid 12k. But 25% is taxes. Let's say 20% with all deductions. You pay 12k in taxes. So cost of a house at 500k is 50k per yr min for 0% policy rates and 75k per yr min with 5% rates. Simply put median households cannot afford any local market house. As you see much more expensive than even renting when rent is far over priced as well. Van life is the best choice one has right now. While they try to make it illegal so they can prop up landlord thieves. For those that do not go the roommate route of course. One cannot afford to rent any half decent location that pays a reasonable wage as landlords know this and will charge the max rent they can steal from your paycheck If you buy now especially with a crap job you will go bankrupt. Do not buy anything.
The homeownership is overrated and advertised. The coporate and government get benefit from people by higher insurance and taxes. Helping people to buy a house that they are not afforded is the rip off. Disciplin well financial literacy person no need own a house to be wealthy.
I keep ketting these scam offers in my mailbox. They are sneaky and put the banks logo on the paperwork but specifically say in small print they are not representing the bank. It's an offer to take a $50K equity loan, increase my mortgage, increase my interest rate by 5.6% and keep the same 30 year term...... All while DECREASING my monthly payment by $500 🤣🤣🤣. I can't feel sorry for anyone who falls for this.
As a canadian, thé exemple you gave is pure bs. A 3600$/month mortgage is a 825k$ at 2.5%. The bank would never qualified a couple with 150k$ / years for this loan. By the way, 3600$/month is an insane payment for a house.
You are not wrong. I know because I live in a place called," Paradise east in Tallahassee,Fla. that they are pulling out all the stops. Up to including busting old water pipes that have been in the ground since 1960. Then cutting people's electric for refusal to pay for water cUsed by major water breaks. This could be anything from 3,000.00 to 10,000.00 . HELLO????????????????????
I'm hoping there will be a housing crisis so I can buy cheaply when I sell a few houses in 2025. As a backup plan, I've been thinking about purchasing stocks. What advice do you have for choosing the best buying time? On the one hand, I continue to read and see trading earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?
You're not doing anything wrong; you simply lack the expertise necessary to make money in a bad market. In these difficult circumstances, only really skilled experts who witnessed the 2008 financial crisis can expect to generate a large wage.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
My CFA, Desiree Ruth Hoffman, is 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.
Thank you for this tip. I must say, Desiree appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
Prices are already decreasing in some markets, that trend will continue to spread. Rates will be coming down over the next 24 months. As a first time buyer using this money you will NOT be able to refinance for the lower rate because you will not have 15k of equity that will need to be paid at the time of refi. As rates drop, so will home values. I hope this makes sense
Have bought and sold over 6 homes including one investment condo I had. This is a good time to buy a house when rate is high. Buying power has leverage over sellers to negotiating. When the rate drops, prices will go up due to more demand which now buyers have to compete for houses. Don’t be fool by TH-camrs telling you the future as they do for ads and cash. Do your own research and make wise decisions.
Thank you. I'm doubling down, i bought 2 rentals in 2023 on my 4th fix and Flip of 2024 looking to get a rental or 2 to offset my tax liability from the flips
Just a heads-up, sharing misleading info about the housing market as a CFA charterholder might risk your CFA designation. The CFA Institute has strict ethical guidelines to prevent misinformation. It’s worth double-checking your sources and analysis to avoid any disciplinary actions from the Institute.
It's worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyper inflationary environment, individuals must continue to use their hyper-inflationary currency since they likely have minimal access to other currencies or gold/silver coins.
@@EdmundEthan093 Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
@@roxdietren I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path..!!
@@AlfredStephen127 Jessica Dawn Walters is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
@@socksrocksdocks He's reporting on the latest types of loans being offered to hme buyers. And the 0% down loan is very risky and he is pointing out why. It's a step closer to the types of loans that caused the financial/housing crash of 2007 to 2009. I agree with him that these new 0% loans are a potential disaster. I don't think anyone buying a home should be allowed to put 0% down
@@socksrocksdocks Learn your history and you'll understand this isn't about you. You're just 1 person, but history shows that a major reason for so many foreclosures from 2007 to 2009 were the massive number of foreclosures caused from borrowers of 0% down loans. One reason 0%A loans are risky is that if someone puts 0% down and the housing market turns for the worse and home values drop; then the person with 0% down suddenly owes more on the home than it's worth. And if they lose their job; the house will go to foreclosure most likely unless they quickly get another job that pays well
@@socksrocksdocks You obviously know nothing about the 2007 to 2009 financial/housing crash. And again; you are so into yourself so all you talk about is YOU. Who cares about you? No one. What matters when looking at data is the big picture and ALL people; not just you. And in 2007 to 2009; the main problem were the millions of home buyers who got 0% down mortgages, that walked away from their home and let it go to foreclosure because they had negative equity. THis video is NOT fear mongering; it is simply pointing out that 0% down mortgages led to millions of foreclosures from 2007 to 2009 and the same mistake is starting now in 2024. Not fear mongering; just honest dat. Good bye
It’s always interesting to watch) And the question is, how to correctly transfer USDT using such a seed phrase from OKX to binance? head isolate sound end kit industry choice f
Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency and stocks, through the assistance of my discretionary fund manager
Rate is meaningless on its own. Income to price needs considering. Similar home in 1980 2x income, now is 9x income on price. A 40k house with 20k loan at 13 percent is affordable in 1980 with income at 20k. The same house today is not affordable with just about any down payment with a median income of 90k.
@@tobyk5149 I absolutely will be. I'll keep buying a property a year like I have for the last 2 years. This guy has been predicting a downfall for that whole time. Will a down turn come? I hope so, prices are too high. But real estate is still a good investment.
at first I thought this was sarcasm but now I think it is ignorance. You must have been a child in 2007 when everybody was saying exactly what you just said. I hope you know how that market cycle played out
Trade on any event with Kalshi and use this link to get $20 after depositing $100 kalshi.onelink.me/1r91/larrycheung
My personal brokerage: Trade H-Shares (Hang Seng) Stocks & Earn 4.8% Interest on Idle Cash: www.interactivebrokers.com/mkt/?src=larrycheungNPY1&url=%2Fen%2Fwhyib%2Foverview.php
Further Reading/Content on this topic:
1.) macleans.ca/economy/realestateeconomy/my-mortgage-payments-rose-almost-2000-in-a-year/
2.) Canadian Realtor: th-cam.com/video/s0Lymd-tldI/w-d-xo.html (Jon Flynn)
3.) Canadian Economy: www.wsj.com/articles/canada-unemployment-rate-inched-up-in-may-with-softer-hiring-731b92de
4.) Zero Down Mortgages: www.freep.com/story/money/personal-finance/susan-tompor/2024/05/31/uwm-united-wholesale-mortgage-zero-down-payment-mortgages/73881575007/
5.) How Zero Down Mortgages work: www.cnn.com/2024/06/03/business/zero-down-mortgage-nightcap/index.html
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
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.
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
I'm hoping there will be a housing crisis so I can buy cheaply when I sell a few houses in 2025. As a backup plan, I've been thinking about purchasing stocks. What advice do you have for choosing the best buying time? On the one hand, I continue to read and see trading earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?
Investing in real estate and stocks might be a wise choice, particularly if you have a sound trading plan that can get you through profitable days.
You're not doing anything wrong; you simply lack the expertise necessary to make money in a bad market. In these difficult circumstances, only really skilled experts who witnessed the 2008 financial crisis can expect to generate a large wage.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
Sharon Ann Meny is the licensed advisor I use. Just search the name. You’d find her webpage and necessary details to work with to set up an appointment.
Thank you for the recommendation. I'll send her an email, and I hope I'm able to reach her.
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
consider moving your money from the housing market to financial markets or gold due to high mortgage rates and tough guidelines. Home prices may need to drop significantly before things stabilize. Seeking advice from a financial advisor who understands the market could be helpful in making the right decisions.
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Housing crisis, health crisis, cost of living crisis, debt crisis, inflation crisis, EU war crisis, middle East crisis. How many crises can a koala bear? I'm approaching retirement with comfortable millions, yet scared of a banking crisis. Where do I best grow my money?
Diversify… T bills, CDs, Gold, Stocks, Municipal bonds, Bitcoin, Real estate, etc assets speak when cash has no value
i would advise the counsel of a seasoned financial pro. It may be expensive, but as the old saying goes "You get what you pay for." "Expert solutions require Expert providers" - my mantra.
That's right, investing with the help of a financial advisor set me up for life with about $1.6m in stock portfolio. I max out my 401k and have few properties. I worked hard everyday as a teacher for 32 years, and my salary was over 100k annually. But if it wasn't for 2020 covid lockdown, I wouldn't have supplemented my income with stocks and alternative investments.
@@J.woltz48 bravo! I've worked in real estate for over 25 years and have neglected a major stock
portfolio, however I need a different plan now... mind if I look up the professional guiding you please?
Katherine Nance Dietz is my FA. Just google the name and you’d find necessary deets. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
i live in vancouver canada, i work on peoples houses. ill tell ya, they own a 2.5 mil house, but have no money to make repairs on the house, so they hire the cheapest labor they can find. which, the government is letting in millions of cheap laborer right now, lowering wages in canada. not a good place to run a business.
Given the uncertainties, it might be wise to allocate a portion to safer options like bonds or fixed income securities.
It's crucial to have a well-thought-out plan, especially considering the current state of the global economy.
Americans are facing a tough time with their finances, especially concerning housing affordability and retirement savings.
It's a vicious cycle. If people can't afford homes, they might delay retirement savings, but if they focus solely on saving for this. Economic instability, inflation, and market fluctuations can further complicate matters and add to people's financial worries.
Most times it comes down to proper financial planning cause most people don’t realize how important financial planners are until they messed up. Working with professionals who have expertise and experience in the market can provide valuable insights and guidance to navigate volatile times.
Sounds like you know a trusted advisor can you recommend?
They can’t cut the interest rates, housing prices would go crazy high if they did - that would be a big setback.
I give it 3 years before we see a significant drop in interest rates.
They will drop this fall. Housing will double in next few years as millions are waiting to jump in when this happens
@@timothygibney159 you must not have experienced the 2004-2012 US housing market as a bill-paying adult. Those who fail to learn from history are doomed to repeat it.
The zero% down loan has to be marketing gimmick. I looked up 80% of median income in my area, it's $78k. A decent house runs $400-600k. Mortgage payments alone would exceed $50k annually.
0 down? Adjustable rates? Havn't we been here before? What did that get us?
They did this in 2007 and 2008
NINJA loans are coming back. No Income No Job or Assets.
According to a financial planner, It's possible to make sure you have enough money for a comfortable retirement by contributing at least 15% of your income into a 401(k). How may you potentially increase the amount you save for retirement over time by utilising compound interest?
Governments involved in predatory lending.
Own nothing and be happy. The borrower is slave to the lender you'll never pay this off.
Thanks. What r ur thoughts on naca? Is it too good to be true?
You must have your house paid off when you retire;
No one will be able to afford the high rents then.
Your already ripped off if you bought a house in the last 18 months.
As long as you hold it for at least 3-5 years you will make money
@@SurferRCnot true. If you bought in many areas of the US 2004-2007 it would be 10-14 years to be able to sell for what it cost.
@@tobyk5149 not many very few.
A little late there bro.
Imagine shamelessly promoting gambling app on a finance channel.
I’m a new dad, I moved from Tampa to Santa Clara a few years ago and I’m thinking of purchasing a single family home there, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? Looks like NVDA, TSM and AMD and AVGO are strong buys this week.
it’s a personal decision, but according to Forbes, housing activities will remain stagnant for the most part of the year, so maybe hold off a little.
well you could put a downpayment on a home and as well diversify as much as you can into Ai, energy and big pharm. stocks like Pfizer and JnJ, ASML, MLM and S&P 500 ETFs.
Certain ai companies are rumoured to be overvalued and might cause a market correction, I’d suggest you go with a managed potfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I making a whooping $738k in Q4 last year.
I'm an art collector, this is not very new to me but has a nuance to it. Can you assist me? how do I find a fduciary
Monica Mary Strigle, you'll be in luck at this time of year to have a conversation. lady is hot topic in downtown manhattan and you must not be and accredited investor. Just browse.
I believe that investors ought to use their money wisely at all times, especially More market diversification will begin to appear in 2024. A little over $350,000 of my funds should be invested in equities by the end of the year. In 2024, I want to be millionaire.
Now that the risk is at an all-time high, maybe you should exercise a bit more patience and come back when the risk has subsided. As an alternative, you can get strategic advice from a qualified financial specialist.
Indeed, a brokerage advisor has been in contact with me. Using a starting reserve of $80k, my advisor sets the entry and exit orders for my portfolio, which now stands at about $550k.
For some time now, I've been considering making the move to an advisor. Could you help direct me to your advisor's name?
My licenced advisor of choice is Melissa Jean Talingdan. Just look up the name. In order to schedule an appointment, you would find the information you need in a letter.
I sincerely appreciate your useful advice. I was able to schedule a call with the individual and confirm her identity. She seems quite knowledgeable, and I appreciate your advice very much.
Investing a in crypto/forex is a good idea, a good trading system would put you through many days of success.
To obtain financial freedom, one needs to be a business owner, an investor, or both, generating passive income, particularly on a monthly basis.
I'm trading both stocks and crypto! Thank you, my man! Christopher nolan You have no idea how much this helps me! I'm in $158k in the hole for fighting and winning my rights as a father and beating some illnesses, including cancer. I've been following you, having success with your moves during my breaks at work, and I want to give props where it's due! Thank you and LFG! 100
Lately i got interested in crypto but has no idea how to go about it. Can anyone Help with a reliable tra-der?
*Send Chris a short note letting him know your intentions and interest in crypto or stock market trading*
He's mostly on Telegrams, using the user-name
Some people are just not market/math smart, Find it boring or don’t have the time to commit and learn. And at the end of the day, Investing comes with risk and a lot of people don’t want to deal with it.
Having a mentor is my personal recommendation. It seems like a good bet if you have limited market knowledge, but I'm not sure where you'll find an experienced one.
proper research, good analysis and luck is what you need to make profit in this constant market decline.
it's all about finding the right moment to take advantage of and generate colossal profit, which is why you need to do your research
It's usually best to ignore the trend whether bullish or bearish and stick to a proper trading plan maybe from the help of a professional. I recently just started investing again so I am still in touch with the consultant that provides entry and exit points on the securities I focus on. She does all the technical analysis legwork while I go about my other businesses. You can use something else if you are the DIY type of guy, investing has no one way to do it
Please who's this advisor that guides you?
Wow its amazing how this video is talking down about a new housing scheme while promoting a gambling platform for those who hold their opinion strongly about "event". If I have to chose between Kalshi gambling platform or a zero down home I'll take the latter at least I will have a shelter (for a while)
Smart man.
@@socksrocksdocks 😄
Housing market at highs? Yes. It is almost always at highs. That's how the economy works. Prices go up. Just like any product.
There have been zero down programs for decades. This is nothing new. Most states have these programs too. 700 credit score is stellar.
Maintenance? Home buyers get inspections and most Maintenance should be years out.
A couple thousand applications? There are 90 million houses....
🤣🤣🤣🤣 In my area 80% would be 40k and the average home price is 500k. That math doesn't math.
They're probably using that new math that they're trying to teach in the schools😊
Housing is exactly as affordable now as it has ever been. It has never been easy and it never will be. I can prove it.
About the UWM 0% down loan, this is not going to move the market. No one qualifies for a home making only 80% of the areas median income. That program is a rouse.
Crash incoming, horrible time to buy, the dominoes starting to fall
Stop calling it property taxes. The correct term is housing tax. The American regime doesn't want you making the connection because housing should not be taxed. You have the right to your house without government encroachment through taxation. We need to end the housing tax!
That's true. Many places in the world you are not taxed every year. One and done. It's a trap to keep you working
Wild take. How would you fund localized services? County roads, schools, police and fire. Does the money just... magically appear in the local government's account? Or are you proposing that they overlay an additional tax on say your food and gas to fund these things?
Oh I don’t know. Perhaps from the fuel taxes, city sales tax, county sales tax, state sales tax, federal income tax, state income tax, phone tax, fire dues tax just to name a few. There’s plenty more.
@@ShorlanTanzo they are robbing so much of the tax money that clearly they are taking a very excessive amount in tax. They refuse to audit books and trace the money.
My state has the double homestead exemption, Once we claimed it our taxes almost halved and when we turn 65 tax halts, 100 disabled vets zero property tax, Current military zero property tax. Those 3 groups are property tax exempt.
Housing traps... thanks for sharing, wondering when the disastrous 'Adjustable Rate Mortgage Loans' will start up again???
Hello Larry, can you make a comparison between the consequences of the 0% mortgages with what happened in 2008 financial crisis that brought a wave of foreclosures?
I think one cut in September for political reason fallowed by several increases.
agree. could see something strong like 5.3-5.7% will take place in the coming months, securing Biden's campaign imo, and creating a frenzy in the housing market (again).
Way too risky. A lot will end up losing their homes.
It may... but may still be many years from now
@@mrxiong2567 In 25, Evictions, bankruptcies, foreclosures are expected to sky rocket.
NEVER buy a home and have not 1 but 2 mortgages on it right off the bat.
I got suckered into buying a house in 2005
This is a replay
@@socksrocksdocks yes i should have bought in 1985 and sold now lol
💯
I too got suckered into buying in 2008 at the worst time! Bought for 600k, now my home is worth close to 2M in SoCal. But I will admit I thought I made a huge mistake as my home value dropped to 500k in 2009, then I realize I just needed a home for my family and it didn’t matter. In the long run it doesn’t make a difference, home priced always go up.
Correct. There are many ways to build wealth. Homeownership is only one way.
But the problem is, most people, especially low income people, don’t have the financial knowledge to invest and grow their wealth. They end up spending the money they save up. But buying a house is sorta like forced savings for a lot of people.
So, financial literacy is very important life skill that should be mandatory in grade school.
Maf
500k house 1% value insurance. Prop taxes in prop tax only states 2-3%
10-15k
Save 1% for maintenance.
4-5% for necessary maintenance of house 20-25k is the bare min you need to maintain a 500k house.
Mortgage itself 500k at 2-3% let's say like B4 housing spike.
It would be another 20-25k.
If it's by today 6-7% it is 40-50k in interest per yr.
And federal taxes. You can reduce your taxes because of mortgage interest paid 12k.
But 25% is taxes. Let's say 20% with all deductions. You pay 12k in taxes.
So cost of a house at 500k is 50k per yr min for 0% policy rates and 75k per yr min with 5% rates.
Simply put median households cannot afford any local market house.
As you see much more expensive than even renting when rent is far over priced as well. Van life is the best choice one has right now.
While they try to make it illegal so they can prop up landlord thieves. For those that do not go the roommate route of course. One cannot afford to rent any half decent location that pays a reasonable wage as landlords know this and will charge the max rent they can steal from your paycheck
If you buy now especially with a crap job you will go bankrupt.
Do not buy anything.
I just saw a sign that said "No sleeping in cars" at a camp ground.
The homeownership is overrated and advertised. The coporate and government get benefit from people by higher insurance and taxes. Helping people to buy a house that they are not afforded is the rip off. Disciplin well financial literacy person no need own a house to be wealthy.
You forgot to mention immigration in canada as a factor. 1m people per year. Less than 5 years ago Canada's population was 38m.
US here. Fixed rate mortgage. Property tax went up 300 percent.. Multiple ways to screws the common folk.
Loans will be forgiven again
Thanks for covering Canada, Larry!
dude always wrong 😂 economy nt the mkt
@@socksrocksdocks hasn't it occurred to you that 80% of Americans cannot afford an average new mortgage? It has nothing to do with wanting to wait.
💯
I keep ketting these scam offers in my mailbox. They are sneaky and put the banks logo on the paperwork but specifically say in small print they are not representing the bank. It's an offer to take a $50K equity loan, increase my mortgage, increase my interest rate by 5.6% and keep the same 30 year term...... All while DECREASING my monthly payment by $500 🤣🤣🤣. I can't feel sorry for anyone who falls for this.
that's because they're having floating rate. They should not signed up for floating rate at the beginning.
Canada doesn't have fixed rate mortgages.
As a canadian, thé exemple you gave is pure bs. A 3600$/month mortgage is a 825k$ at 2.5%. The bank would never qualified a couple with 150k$ / years for this loan. By the way, 3600$/month is an insane payment for a house.
Not total bs. There are mortgages especially in Vancouver and Toronto where people pay more than 3500/month.
Yeah as a toronto resident, monthly payments are often much more than $3600.
3600 monthly as the base is called a heart attack
3600/mo is literally a starter home now... (greetings from NJ)
Gosh this is terrible deal
Zero down mortgages are already a thing… almost anyone can get one
as long as prices are at record highs then the whole thing keeps on going...were good
You are not wrong. I know because I live in a place called," Paradise east in Tallahassee,Fla. that they are pulling out all the stops. Up to including busting old water pipes that have been in the ground since 1960. Then cutting people's electric for refusal to pay for water cUsed by major water breaks. This could be anything from 3,000.00 to 10,000.00 . HELLO????????????????????
I'm hoping there will be a housing crisis so I can buy cheaply when I sell a few houses in 2025. As a backup plan, I've been thinking about purchasing stocks. What advice do you have for choosing the best buying time? On the one hand, I continue to read and see trading earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?
Investing in real estate and stocks might be a wise choice, particularly if you have a sound trading plan that can get you through profitable days.
You're not doing anything wrong; you simply lack the expertise necessary to make money in a bad market. In these difficult circumstances, only really skilled experts who witnessed the 2008 financial crisis can expect to generate a large wage.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
My CFA, Desiree Ruth Hoffman, is 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.
Thank you for this tip. I must say, Desiree appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
Amazing video as always. Thank you for being real and not clickbaity.
Prices are already decreasing in some markets, that trend will continue to spread. Rates will be coming down over the next 24 months. As a first time buyer using this money you will NOT be able to refinance for the lower rate because you will not have 15k of equity that will need to be paid at the time of refi. As rates drop, so will home values. I hope this makes sense
“A platform that allows people express their views with their own capital” just say you promoting a gambling website 😂
Have bought and sold over 6 homes including one investment condo I had. This is a good time to buy a house when rate is high. Buying power has leverage over sellers to negotiating. When the rate drops, prices will go up due to more demand which now buyers have to compete for houses.
Don’t be fool by TH-camrs telling you the future as they do for ads and cash.
Do your own research and make wise decisions.
Thank you. I'm doubling down, i bought 2 rentals in 2023 on my 4th fix and Flip of 2024 looking to get a rental or 2 to offset my tax liability from the flips
Smart man.
The longest mortgage most people have in Canada is 5 years, almost every mortgage in Canada is effectively variable.
The cost of rising home insurance in California is also another area of uncertainty. This will cause an increase in your per monthly dues.
Why not make finance conducive to regular people so society works properly
Wtf? This is so crap.. why would they do that!!!!!!!! This should be on the news
I just watched this video, good insight, too. "Stock Market at New Highs? Here's What I'm Buying Part 1 of 2" by Adam Khoo.
We need 0 down non recourse mortgages
Way to sell that
2008.
Gambling lol 🤣
No thanks
Just a heads-up, sharing misleading info about the housing market as a CFA charterholder might risk your CFA designation. The CFA Institute has strict ethical guidelines to prevent misinformation. It’s worth double-checking your sources and analysis to avoid any disciplinary actions from the Institute.
It's worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyper inflationary environment, individuals must continue to use their hyper-inflationary currency since they likely have minimal access to other currencies or gold/silver coins.
@@EdmundEthan093 Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
@@roxdietren I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path..!!
@@AlfredStephen127 Jessica Dawn Walters is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
This is a very good video
@@socksrocksdocks He's reporting on the latest types of loans being offered to hme buyers. And the 0% down loan is very risky and he is pointing out why. It's a step closer to the types of loans that caused the financial/housing crash of 2007 to 2009. I agree with him that these new 0% loans are a potential disaster. I don't think anyone buying a home should be allowed to put 0% down
@@socksrocksdocks Learn your history and you'll understand this isn't about you. You're just 1 person, but history shows that a major reason for so many foreclosures from 2007 to 2009 were the massive number of foreclosures caused from borrowers of 0% down loans. One reason 0%A loans are risky is that if someone puts 0% down and the housing market turns for the worse and home values drop; then the person with 0% down suddenly owes more on the home than it's worth. And if they lose their job; the house will go to foreclosure most likely unless they quickly get another job that pays well
@@socksrocksdocks Bad advice to make a down payment when buying a home? You sound foolish; I'm done here
@@socksrocksdocks You obviously know nothing about the 2007 to 2009 financial/housing crash. And again; you are so into yourself so all you talk about is YOU. Who cares about you? No one. What matters when looking at data is the big picture and ALL people; not just you. And in 2007 to 2009; the main problem were the millions of home buyers who got 0% down mortgages, that walked away from their home and let it go to foreclosure because they had negative equity. THis video is NOT fear mongering; it is simply pointing out that 0% down mortgages led to millions of foreclosures from 2007 to 2009 and the same mistake is starting now in 2024. Not fear mongering; just honest dat. Good bye
When is the next video coming out? Need your update bro.
Are you okay bro? We need content.
Precise, short and informative.. thanks mate.
Awesome!
0% down payment = to maintain the high house price !!!!
Greedy Corp. is really greedy!!!!!!😢
It's like a ponzi with extra steps.
It’s always interesting to watch) And the question is, how to correctly transfer USDT using such a seed phrase from OKX to binance? head isolate sound end kit industry choice f
Hell yeah boss, love the insights!
How do most of you guys still make profit? Even with the downturn of the economy and ever increasing life standards
Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency and stocks, through the assistance of my discretionary fund manager
Hattie Glover
Please educate me. I've come across this name before. Now I am interested. How can I reach her?
This is correct, Hattie's strategy has normalized winning trades for me also and it's a huge milestone for me looking back to how it all started..
Crypto is the best future where people makes money and generate good returns.
Historically, rates are not high.
Rate is meaningless on its own. Income to price needs considering.
Similar home in 1980 2x income, now is 9x income on price.
A 40k house with 20k loan at 13 percent is affordable in 1980 with income at 20k.
The same house today is not affordable with just about any down payment with a median income of 90k.
Please add more time stamps
Lol, okay.
just keep your head in the sand and you will be fine
@@tobyk5149 I absolutely will be. I'll keep buying a property a year like I have for the last 2 years. This guy has been predicting a downfall for that whole time. Will a down turn come? I hope so, prices are too high. But real estate is still a good investment.
Prices don’t go down. Dave Ramsey is an expert in this area and there is all demand and no supply
at first I thought this was sarcasm but now I think it is ignorance. You must have been a child in 2007 when everybody was saying exactly what you just said. I hope you know how that market cycle played out