😂😂😂And you want to continue dreaming that you made a killing at other’s expense. You are grasping to that illusion more so than the ones you criticize. A rude awakening is coming. Nobody wants to buy anymore. It’s just simply not attractive. Drop the price, give up or rot in your overpriced shack.
This TH-camr attempts to justify horrifying real estate data by accusing others of cherry-picking. This is exactly why you shouldn’t take advice from TH-camrs, whether they’re bulls or bears-they simply don’t know what they’re talking about. Bears have been predicting real estate crashes for over a decade now, consistently wrong. Bulls, on the other hand, have been right so far, given the historically long duration of U.S. real estate bull markets. But here’s where they fail to grasp the current trend: Austin’s real estate prices are down by double digits. When was the last time you saw any major city experience a 10%+ decline in real estate prices? They dismiss it by saying, ‘It’s just Austin,’ or claim it’s merely a local phenomenon. What they fail to realize is that no major city has seen such steep declines since the Great Recession. They fail to read trends because they don’t understand how to properly use the data they’ve found, relying instead on oversimplified narratives or blind assumptions. Ignoring these signs is not analysis-it’s negligence.
If you watch our shows, I think you may see that we talk about these trends all the time! And yes, Austin is in a big correction, but if you look at the supply-side data you can see why its happening, and that the causes that exist there (and in some other metros too), don't apply on a national level.
I think it's pretty obvious looking at the current data that they market isn't "crashing" in any way, especially in CA. There's no need to justify it when the data speaks for itself.
What about the fact that in 10 years baby boomers will be 88-70 which means we will see the largest real estate holders start to pass away in the next 10 years. They are the largest real estate holders and we will see these properties coming back to the market.
It will have an impact but not the one that everyone wants to see............because there's a lot of their kids/grandkids that don't own real estate, most will either get sold using that money to buy another home (that's a one for one, no new inventory added to the market) or in some cases, it will be turned into rentals which also doesn't affect housing supply.
@@JebSmithyes I agree, I was just emphasizing how the forever market crashes will say their right when we get a correction but leave off the fact the market has been up for over a decade.
California has enough desirable areas close to major cities that are not crashing. Prices are dropping for home sales but it's because they were over priced to begin with
CA has had some of the largest percent increases in home values over the past decade! I do not see a big reduction coming anytime soon, but if prices soften CA will still have been a great investment for those who got in at the right time. Wish I had more property there!
If home prices are not going to crash then why have home sales plummeted stagnating the market and home prices are falling. I’m seeing price cut after price cut. Also, 6% interest rates… what averages person can afford these houses?
Home prices are stagnating because we saw 50%+ appreciation in a 4 year period so it's a reversion back to the long term trend. A lot of demand was pulled forward in 2020-2022 and with higher rates, we have a natural and honestly much needed slowdown in the market. That in no way is signaling a crash...........in fact, it shows stability more than anything else as we've had record low home sales but yet home price appreciation is still up during that same period. There were $4M+ home sales this year so clearly there's still a lot of people buying homes.
@@JebSmith 10 year treasury bond rose. I highly doubt we’re continuing to see markets rise higher. That stagnation you’re seeing will turn downward. I’m sure
I’ve been watching all these negative TH-cam videos, like ones from Revenue Consulting, and they stopped me from buying more properties. That ended up costing me a lot of money because house prices went up instead of down. Now I want to buy, but prices are crazy.
The key is to do what's right for you regardless of what others are "predicting"...........It's too easy to get caught up in the FOMO on buying and also believe the crashers because you want them to be right.
House prices jumped 50-100% in a couple years. Incomes have not gone up. Therefore everyone now has to settle for a crappier house if you can afford anything. Housing will continue to go up therefore will continue to outpace incomes. Future generations will not be able to buy homes. Not unless you find someone else’s retirement who rode the wave of appreciation up.
Believing crash hype cost me a bit of equity, bought in 09, sold in ‘18, rented and waited for a crash, realized there was no crash coming, bought again in ‘20.
@ it’s all good news, have tons of equity and a HELOC on it, that house will be a rental soon and I will never to sell it. I will pass it down to children and can draw $200k against it if I want to. I feel bad for those that sat on the sidelines waiting for a crash that never came and now values have doubled and interest rates are 2-3x more. Same home I bought nearly 5 years ago would cost me about $1500 more per month if I bought it today. So I’m not in bad shape at all but thank you.
People claiming that this is just two realtors trying to boost the market are silly. If you're a buyer, you'd want a crash to happen so that it's easier to buy. Crashes only matter to sellers, and somewhat to landlords if rents come down comparatively.
How is a correction doom and gloom? Correction coming in some markets. One problem I see with bulls and investors is, they rarely talk about incomes? You need a dramatic increase in wages to sustain this bubble.
Crash videos are mostly click baits. But SFO is really really bad. Go to union Square on Friday night or Saturday night. You dont find any people there. This shows what is happening in SFO. Unless something serious done (which is unlikely in CA), things will only go down further.
I'd rather not have QE than to have 4x groceries. I do appreciate you guys speaking of crash bros without mentioning people's names like a few other intolerant youtubers do.
Are people just going to ignore the FED cuts that are making yields on the long end go higher? How much longer before a "high yield" savings account pays 0.5% but a mortgage rates are 8.5%?
There is almost never the worst time to buy ever. Buy as long as you can afford to keep the house, even if there is a housing crash it won't matter unless you are forced to sell.
Great conversation guys. The housing crash bros and girls comparing 2008 to today just aren't using the correct data. I was knee deep in the hoopla in 2008, collecting for a regional bank. This is not 2008.
I watch Sachs and your channel. I watch a lot of channels in general because data is interesting to me. A lot of TH-camrs made predictions last year that have yet to come to fruition this year. Sachs, I know, made predictions about the job market and housing market. His housing market assessment was wrong overall, but some areas experienced slowdowns, such as Austin and some Florida areas. But for the most part, the Housing market looks strong in more places. Sachs also made predictions about the job markets. His prediction is 50/50. As we end the year, there have been a lot of reports of large companies laying off workers or planning to lay off workers. The Jobs report from the government is not reliable because the government constantly revises the numbers. I don't know how to assess the Job Market right now. But I am grateful your channel is holding other channels accountable. I am exhausted from hearing Peter Schiff say this is the biggest crash since 2008. Schiff has been saying sit for a long time. It is a shame he is considered an "expert".
Are you seriously sitting here, saying price cuts on current listings are not an indicator on the future of the market? Did that just come out of your mouth? You are a joke.
This guy is even worse. That’s why I unsubscribed. Him and he’s little buddy always pushing to buy. When they make money of the commissions. Not crash bro. But a pump pimp .?☠️
!!I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks will be appreciated.
As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work.. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience..
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking?
People watch those crash videos because they missed their chance and want hope that they can one day pick up a cheap house. Good luck with that..
💯💯
😂😂😂And you want to continue dreaming that you made a killing at other’s expense. You are grasping to that illusion more so than the ones you criticize. A rude awakening is coming. Nobody wants to buy anymore. It’s just simply not attractive. Drop the price, give up or rot in your overpriced shack.
@ I love people that think this way, they keep my apartments full.
This TH-camr attempts to justify horrifying real estate data by accusing others of cherry-picking. This is exactly why you shouldn’t take advice from TH-camrs, whether they’re bulls or bears-they simply don’t know what they’re talking about. Bears have been predicting real estate crashes for over a decade now, consistently wrong. Bulls, on the other hand, have been right so far, given the historically long duration of U.S. real estate bull markets.
But here’s where they fail to grasp the current trend: Austin’s real estate prices are down by double digits. When was the last time you saw any major city experience a 10%+ decline in real estate prices? They dismiss it by saying, ‘It’s just Austin,’ or claim it’s merely a local phenomenon. What they fail to realize is that no major city has seen such steep declines since the Great Recession. They fail to read trends because they don’t understand how to properly use the data they’ve found, relying instead on oversimplified narratives or blind assumptions. Ignoring these signs is not analysis-it’s negligence.
@@robertc8263 seriously, these types of TH-camrs seem so out of touch
If you watch our shows, I think you may see that we talk about these trends all the time! And yes, Austin is in a big correction, but if you look at the supply-side data you can see why its happening, and that the causes that exist there (and in some other metros too), don't apply on a national level.
I think it's pretty obvious looking at the current data that they market isn't "crashing" in any way, especially in CA. There's no need to justify it when the data speaks for itself.
Realtors hyping the market.. others reporting the major slow down
@@marksgoogle4360 Others?
Great job Jeb! Excellent analysis!
Thank you, Tony
A 50% housing price drop will destroy the banking business and the economy.
And QE to drive down the long end will have the exact same result.
Well it's a good thing we aren't ever going to see one.
One of your best videos Dave!!
What about the fact that in 10 years baby boomers will be 88-70 which means we will see the largest real estate holders start to pass away in the next 10 years. They are the largest real estate holders and we will see these properties coming back to the market.
So wait decades to buy a house?
It will have an impact but not the one that everyone wants to see............because there's a lot of their kids/grandkids that don't own real estate, most will either get sold using that money to buy another home (that's a one for one, no new inventory added to the market) or in some cases, it will be turned into rentals which also doesn't affect housing supply.
@@JebSmithyes I agree, I was just emphasizing how the forever market crashes will say their right when we get a correction but leave off the fact the market has been up for over a decade.
A bazillion % price crash in homes is about to happen. The owners will pay YOU to take their homes off their hands.
Funny😂🤣😂🤣
😂😂🤣🤣😂😂🤣🤣
lol. And those owners will live... where?
California has enough desirable areas close to major cities that are not crashing. Prices are dropping for home sales but it's because they were over priced to begin with
No where in CA is crashing...............Prices aren't "dropping" either but rather selling closer to comparable sales which is completely normal.
CA has had some of the largest percent increases in home values over the past decade! I do not see a big reduction coming anytime soon, but if prices soften
CA will still have been a great investment for those who got in at the right time. Wish I had more property there!
If home prices are not going to crash then why have home sales plummeted stagnating the market and home prices are falling. I’m seeing price cut after price cut. Also, 6% interest rates… what averages person can afford these houses?
Home prices are not falling. Just check out any of the public data sources!
Average people buy houses every day.
Home prices are stagnating because we saw 50%+ appreciation in a 4 year period so it's a reversion back to the long term trend. A lot of demand was pulled forward in 2020-2022 and with higher rates, we have a natural and honestly much needed slowdown in the market. That in no way is signaling a crash...........in fact, it shows stability more than anything else as we've had record low home sales but yet home price appreciation is still up during that same period. There were $4M+ home sales this year so clearly there's still a lot of people buying homes.
@@BPOnTheMarket I’m seeing the homes available in my MLS and they’re falling in my area and have been since last year.
@@JebSmith 10 year treasury bond rose. I highly doubt we’re continuing to see markets rise higher. That stagnation you’re seeing will turn downward. I’m sure
That's what's up. Jeb is branching out. Congrats on your success. Should have brought on Josh as well for the financial aspect.
I’ve been watching all these negative TH-cam videos, like ones from Revenue Consulting, and they stopped me from buying more properties. That ended up costing me a lot of money because house prices went up instead of down. Now I want to buy, but prices are crazy.
lol, went up 2% You could have done better with cd's
@@gregh7457 2%? What real estate market have you been watching? How about up 50%+ in the last 4 years.
The key is to do what's right for you regardless of what others are "predicting"...........It's too easy to get caught up in the FOMO on buying and also believe the crashers because you want them to be right.
BS gauge @ 100 psi
2022 was the peak. check prizes, most of the peeps that bought in 22 are selling now for less. no kidding
I agree I see this everywhere
House prices jumped 50-100% in a couple years. Incomes have not gone up. Therefore everyone now has to settle for a crappier house if you can afford anything. Housing will continue to go up therefore will continue to outpace incomes. Future generations will not be able to buy homes. Not unless you find someone else’s retirement who rode the wave of appreciation up.
Believing crash hype cost me a bit of equity, bought in 09, sold in ‘18, rented and waited for a crash, realized there was no crash coming, bought again in ‘20.
Sorry to hear that! Glad you’re being better info now
@ it’s all good news, have tons of equity and a HELOC on it, that house will be a rental soon and I will never to sell it. I will pass it down to children and can draw $200k against it if I want to.
I feel bad for those that sat on the sidelines waiting for a crash that never came and now values have doubled and interest rates are 2-3x more.
Same home I bought nearly 5 years ago would cost me about $1500 more per month if I bought it today. So I’m not in bad shape at all but thank you.
You won’t see any housing crashing before a stock market crash.
People claiming that this is just two realtors trying to boost the market are silly. If you're a buyer, you'd want a crash to happen so that it's easier to buy. Crashes only matter to sellers, and somewhat to landlords if rents come down comparatively.
How is a correction doom and gloom? Correction coming in some markets. One problem I see with bulls and investors is, they
rarely talk about incomes? You need a dramatic increase in wages to sustain this bubble.
Crash videos are mostly click baits. But SFO is really really bad. Go to union Square on Friday night or Saturday night. You dont find any people there. This shows what is happening in SFO. Unless something serious done (which is unlikely in CA), things will only go down further.
I'd rather not have QE than to have 4x groceries. I do appreciate you guys speaking of crash bros without mentioning people's names like a few other intolerant youtubers do.
I believe the crash bros more since I’m already pre approved and not buying anything due to these outrageous prices.
Good luck!
Lol
What about them do you believe? Clearly not their track record
Are people just going to ignore the FED cuts that are making yields on the long end go higher? How much longer before a "high yield" savings account pays 0.5% but a mortgage rates are 8.5%?
the bond vigilantes can stay sane longer than this insane market
yep
still not buying in 2025
If they feel threatened that they need to contradict with a whole video, something tells me that they are scared of a down market
Maybe check out record of predicting housing prices vs the others and you can probably see who has been more accurate.
something tells me that you don't understand how supply and demand works.
A bunch of realtors want to mislead you to buy at the worst time ever.
Not a realtor
There is almost never the worst time to buy ever. Buy as long as you can afford to keep the house, even if there is a housing crash it won't matter unless you are forced to sell.
Great conversation guys. The housing crash bros and girls comparing 2008 to today just aren't using the correct data. I was knee deep in the hoopla in 2008, collecting for a regional bank. This is not 2008.
Thanks!!
I watch Sachs and your channel. I watch a lot of channels in general because data is interesting to me. A lot of TH-camrs made predictions last year that have yet to come to fruition this year. Sachs, I know, made predictions about the job market and housing market. His housing market assessment was wrong overall, but some areas experienced slowdowns, such as Austin and some Florida areas. But for the most part, the Housing market looks strong in more places.
Sachs also made predictions about the job markets. His prediction is 50/50. As we end the year, there have been a lot of reports of large companies laying off workers or planning to lay off workers. The Jobs report from the government is not reliable because the government constantly revises the numbers. I don't know how to assess the Job Market right now.
But I am grateful your channel is holding other channels accountable. I am exhausted from hearing Peter Schiff say this is the biggest crash since 2008. Schiff has been saying sit for a long time. It is a shame he is considered an "expert".
Are you seriously sitting here, saying price cuts on current listings are not an indicator on the future of the market? Did that just come out of your mouth? You are a joke.
when y you bring sob influencers that know nothing about real estate makes biger pockets look bad
Care to explain what were wrong about?
This guy is even worse. That’s why I unsubscribed. Him and he’s little buddy always pushing to buy. When they make money of the commissions. Not crash bro. But a pump pimp .?☠️
🤣🤣
!!I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks will be appreciated.
As a newbie investor, it’s essential for you to have a mentor to keep you accountable.
Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.
I don't really blame people who panic. Lack of
information can be a big hurdle. I've been
making more than $200k passively by just
investing through an advisor, and I don't have
to do much work.. Inflation or no inflation, my
finances remain secure. So I really don't blame
people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience..
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking?