10 Housing Markets That WON'T Crash
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- เผยแพร่เมื่อ 9 ม.ค. 2024
- Ken McElroy explores the key drivers and trends shaping the 2024 real estate market. He discusses various factors such as interest rates, construction costs, and demographic shifts, highlighting the top ten markets for potential investment and discussing the impact of current economic conditions on the real estate landscape.
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Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor.
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I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.
Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
The enduring US stock market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.
My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor.
Credits goes to " Sonya lee Mitchell" one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
I just checked her out and I have sent her an email. I hope she gets back to me soon
Achieving success hinges on the steps you actively take toward it. Accumulating wealth involves cultivating positive habits, such as consistently setting aside money at intervals for robust investments. Financial management, often avoided by many, can later become a haunting issue. My hope is that anyone reading this finds success in their journey!
Starting early is simply the best way of getting ahead to build wealth, investing remains a priority. I learned from my last year's experience, I am able to build a suitable life because I invested early ahead this time.
I love the insight. Professionals could make a really big difference in investing, and I think everyone should have one. There are aspects of market trend that is difficult for the untrained eyes to see. I have made more than 350% through my estateplanner(fa) by alternative investing. The portfolio comes with perks as well.
One of my goals is to employ the service of an asset-manager this year. I've seen some off social media but wasn't able to get a response. Could you recommend one?
Don't be hesitant to contact Sonya Lee Mitchell and follow her directions.
It's good you make your own research. and make sure whoever you work with is licensed n verifiable with a repute, this Sonya looks the part but i'd do my due diligence. I set up a call, tnks.
I've been watching the housing market closely, Prices have been skyrocketing for years. It's going to be tough for first-time buyers to enter the market." how can one diversify $280k reserve .
I agree, It's not just the prices, but also the increasing interest rates that are making it more difficult for people to afford homes. With a good FA you can make up your portfolio.
I agree. Based on personal experience working with an investment advlsor, I currently have $985k in a well-diversified portfollo that has experienced exponential growth. It's not only about having money to invest in st0cks, but you also need to be knowledgeable.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
There are several independent advisors you could research. However, I have been working with “Amber Dawn Brummit” for almost four years, and we get along great. If she appeals to your judgement, you could continue with her. I support her.
$140k in gold and $140k in silver
I’m 45 years old ,born and raised in Lakeland,Florida.I’ve never seen rents go from $600-$900 per month to $1,400-$2,100 per month ever!….that’s well over 3-5% average!!!!!!!!
Thanks! Just found a well below avg apartment, will capitalize on this
In Pa, a net loser, 65 miles west of Philly rents have gone up similarly.....
We moved from the Tampa area to Boca Raton 5 years ago. The rent was $1600, now we pay $3000 for the same apartment (2 bed 2,5 bath 1600sqft). We need to renew the lease soon and we can already see the price on our estate's website: $3,526 😱 We have to stay in Boca for one more year because the children have to finish school here... I don't know how we can afford this rent, it's just too much for us... 😢
Great info! I appreciate the maps & charts.
WoW! Straight, to the point and no BS inbetween. GREAT reporting!
Tremendous presentation Mr. McElroy! Unparalleled, engaging teaching! A real professor! A real estate GOD and philosopher! THANK YOU so much for casting your pearls again here. I love you man! I know all these statistics are free elsewhere online, but to be able to put it together into a story is absolutely incredible. You continually spoil us lol
Great heads up. Thank you.
Great information. Thank you
If I hear pandemic savings one more time, I will scream. The pittance anyone actually received was spent immediately. A buttload of $ went somewhere but not to the American people
Great information!
Thanks, good info.
Love to listen to podcasts.
Good stuff. Thanks
THANKS, BEST ANALYSIS!
Thanks
Ken your material is top-notch
The list of growing cities is definitely a “do not move there” list for me. Case in point, you list Portland. That city is about to implode.
Yes, Portland is a cesspool right now.
Portland Maine is very nice 😊
Ken, how are you figuring the cost of insurance into your calculations? FL becoming prohibitively expensive.
Self insure maybe
@@dougg4633 Good luck with that.
One you tube example said insurance on a nicer middle class home with pool going up to $400 or so . In Pa my older 2200 sq ft home, no pool, insurance is already at $800 with Erie... Can you share more numbers on actual costs of insurance on similar homes in FLorida? Just trying to get the full picture.
If I wanted to sell my portfolio in these 10 cities for top dollar before the bubble bursts, this is exactly the kind of video I would make. LOL.
Ken you are one of the best. I watch you all the time.
Thanks Ken! Invaluable info here...
So I should be able to get a better deal buying in one of the states people are leaving, right?
Are you including El Paso Texas? Any advice on having a handful of houses at low interest rates , some paid off, in 💩 parts of El Paso?
Ken is the best.
Thanks for sharing! Anyone have insight on Miami? also looking for a commercial agent
What happen to Miami, Austin and Tampa not on the list?
Great data, interesting that California has a net loss of migration of 500k people and San Diego is booming. It just goes to show time and time again real estate is local. Due dilligence on the area you are investing is of huge importance. You can upgrade the property but upgrading the area is out of your control. Real estate is local.
People are leaving San Diego too. We left two years ago.
@@landeeld9596For those that are leaving, they’re being replaced with all the migrants coming through the border.
Yes they are, but the net migration is much lower than other markets in California. Each market has its advantages and disadvantages based on employment and population changes.
Cant help to noticed that so many of the growth areas are also areas that are supposed to experience increased heat, droughts, flooding, hurricanes, etc
Climate change alarmists cherry pick shorter time periods that reflect the increases. Look back at least a century or three to note little change in those items. Ask Obama why he isn't worried about his oceanfront properties suffering rising ocean levels.
Yep, it's gonna be real interesting to see what happens in the next few decades in the sunbelt states.
That was a BIG SMILE market
No Las Vegas?
Very interesting Ken! I'm in Seattle, it was just voted in to Re-Fund the police which will hopefully help the crime stats a lot. I'm guessing that you might be watching the older SFR real estate with larger lots go on the market (babyboomers' parents) and then build multi-family housing on those lots. I've noticed many larger lots are adding entire units in their backyards as well as complete tear downs and build side by side townhomes (Laurelhurst/Bryant).
Never buy rentals in blue states
Oregon is a blue state and I have done very well with my investments.
@@10317 of course there are exceptions , in blue states however if you had a squatter, it can be disastrous. This wouldn’t happen in a red state.
@@Lukas-rw7ok agreed. We have a real homeless problem. Unbelievable!
And because of the homeless camps scattered all over town I keep an eye on all of my rental units.
@@10317 that’s good 👏🏼. Let’s hope they stay away from them.
You can add central and northern New England to that mix.
I live in Northern California, you never know people moving out , traffic is still crazy ! 🤪 love this state we republicans will change this state around time will tell ! Gavin gursom will Go!
Growth seems to matter more for appreciation and not so much for cash flow
Are you crazy all them storms and that snow 😅😮
Love Michigan. Two of five siblings live there.
That United Van lines list seems suspect. Vermont, DC, Rh Island and West Virginia? Besides being counter intuitive they are all very small.
Arizona is in the top six, that is insane. Too many moving here. We do have easy transportation here, only Phoenix and Tucson at rush hours are an issue. If you don't live in those two places, average speed on our HWY system is like 62 MPH. Easy to travel here. Property taxes are low. We many have to regulate greedy insurance companies here. Property insurance is rising to fast.
Have you considered expanding your analysis to include Mexico? Some markets here are way better than most any US real estate situations.
Which Mexican market has less crime than the worst US market?
You haven't come here. Mexico City good neighborhoods are VERY safe.
@@mef6660
Be careful with seattle. My best friend works for 911 dispatch in seattle and crime is TERRIBLE there still!
What about illegal immigrants? They might be a big part of the equation... do you include those in your considerations? how to estimate "illigals"?
moved/moving in to a trailer park near you. 8-10 per trailer. not joking
I was looking for the "elephant in the space" comment! He completely overlooked the influx of (5- 10x as many) MILLIONS that just crossed the border... to replace the recently, "expired..." and "better paid" workers, x several million. (And you won't likely find, the relevant 'data,' even on the '2030, census?!') Perhaps half of those markets will be 'flatling' (like Phoenix...) within a few months? And then there's the anti- REI legalese, in California. The time to BUY is AFTER the present to forthcoming 20- 60% plus devaluations (for SFRs, etc.) unless you're a syndicator!
As the wet bulb temp keeps creeping up places to buy probably won't align with current predictions.
Florida is at the top of in-market shifts according to UHaul, is business friendly. No MSA is Florida catch your eye @kenny?
Wow I thought Nevada would in the top ten! Northern Nevada is expanding, but I want to move out of Washoe County
There's gold in them their Hills Elko area with the gold deposits never suffers economically when the economy tanking gold prices rise
in 2024 Middle Class People can't afford houses anymore..!!!...THEY BUY TRAILERS..!!!!!!
Make sure you own the land
Even trailers are not all that "cheap" anymore. Finding an affordable place/park /piece of land to put that trailer ain't "cheap" anymore either.
What about florida?
organic stuff Ken
Move to a southern state if you love humid hot weather and mosquitoes.
We live in E TN, virtually no mosquitos and humidity nothing compared to GA, FL, MS etc.
Window screens and air conditioners have been available in Florida for decades,
Interesting so no uhaul going out of Cali and everyone moving out of Florida!
Stop telling people to invest in my area! Lol.
A few cat 5 hurricanes might change the the sunbelt migration wave.
Along with the 'timed' cancellations, of insurance, and tax increases, etc. ;-)
Hey Ken! Thanks for the insightful video. Despite negative net migration in California, you have San Diego on your top list. What is it you are seeing with San Diego?
Historically, SD is a great place to move to if you can afford it. Look at the businesses that flock to San Diego. Everyone loves San Diego. It is a smaller tech hub. But not as expensive as SF.
@@Tyiion Appreciate it! We love it here too and we are developing as much apartment housing as we can in 2024.
New arrivals have more children and will see spike in population . Mexico is taking Calif. one baby at a time . But Calif. will not join Mexico but become its own hybrid country . The Chinese may become a major factor , too .
@@farmerboy8659 I hate to break it to you but the U.S. does not become a different country whenever new people arrive. We didn’t become a new country when the Germans, or the Irish, or the Italians, or the Polish, or the Africans, or the Latinos, or the Asians arrived, but with each new wave, people raised a fuss for no reason.
Well , they claim so goes Calif. goes the rest of U. S. So lets compare Calif. in 1970 to the newer Calif. of today . I am not saying better but different . 20th century is somewhat different with Birth Control and Abortion . So over the last 200 years the U. S. was dominated by European Folks . I don't care too much for my days are number and have no grand children . It is sad in the direction the whole world is going . The Golden Rule I think help this country long ago . Good luck to the next generation . J. C. beam me up , for the world has gone crazy .@@Tyiion
I disagree about the phoenix area, what you do not take into consideration is the affordability rate. Phoenix is in big trouble and only a matter of time before the market crashes. Also living there in the summer months, you can't walk your dog without dog shoes, steering wheel melts if you leave your car in the sun, kids are stuck in doors. Once people get a taste of a HOT summer they tend to move! just saying I witnessed this first hand!
Brown skinned folks love Phoenix, only the causasions move out of PHX
Phoenix is growing in Tech and Warehouse hubs. The truth is people who are young and with families are moving here because of the jobs. There are also hospitals, clinics, and lifestyle villages that the elderly are utilizing. As much as I hate Phoenix, it is growing due to all these things. I want to move away from Phoenix area with a passion. I live on the outskirts of Phoenix on the West side. It is growing out and almost touching me now. It is a growing sprawl.
I have lived in quite a few different states and have always thought that Phoenix, AZ is the hottest place on this earth. Hated living there.
I'm leaving Florida for South Carolina. I'm moving to a place with great scenery and a big cost of living savings. It's win/win situation for me.
@@MaryGwenDungan I love the Greenville, SC metro area. That will be where I retire soon.
Its missing a huge growth market, tri cities WA. Housing Boom currently, 237 Annual Sunny days which is very complementary to the 150 days in Seattle. The climate is ideal and not too humid like the Southeast. Electricity is the cheapest of anywhere, huge high tech growth industries moving in, unlimited water from both the Columbia and snake rivers, yet we enjoy a dry climate
Which cities?
Another factor that is in my consideration is climate change. Would Phoenix have enough water going forward? I love Arizona but water shortage is a very serious issue. Would there be more extreme weather in Florida and Texas? No one knows.
"Manmade Global Warming" is a complete fairy tale. Natural climate change has been happening for hundreds of millions of years. Water could be an issue simply due to supply/demand concerns but they can always pump it from somewhere else if need be for a premium...
Climate change? Arizona has been a desert for a few million years dude, the water shortage is caused by development not the climate
We've been hearing about water shortages and water running out in las vegas and phoenix since 1980. Still waiting..
@@wanderingdoc5075 they over populate a desert and wonder why the water supply isn't great...
There is no water shortage they want you to think that. This planet has always had climate change. That's nothing new. The only thing new is you and your phone and you're Lied to opinions.
Don't believe everything you read. And only maybe half of what you see and hear. Age 66.
In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.
I suggest you offset your real estate and get into stocks, A recession as bad as it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short-time buy and sell opportunities too. This is not financial advice but get buying, cash isn’t king at all at this time!
You are right! I’ve diversified my 350K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $730k in net profit across high dividend yield stocks, ETF and bonds.
I just started a few months back, I'm going for long term, I'm still trying to wrap my head around it, who’s this advisor you work with?
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.
I wonder if migration from another country and people relocating to be with family members has a significant impact on the smile region. Also those regions proxcimics.
I think that's helping Boston
I see that more as a density issue not necessarily an influx of new buyers. Also, If we get the right POTUS in 2024 a lot of these people will be going home.
@@TubeBoobforyou Great...just when a trickle of people (~500K) left CA, they'll be returning again. No mass exodus as lots of TH-camrs claimed to be happening.
@@shirleyy2711 I think it will be near impossible for any middle class family to live-in CA at the rate things are progressing radically left coupled with the cost of living...
Oh absolutely it does.
Staying NY❤
You shared your top 10 cities you're watching. None of them are in Florida. Why is that? Florida has been 1 or 2 in migration for a long time now.
IMO Very expensive compared to incomes. Insurance costs rising very rapidly. May affect prices. Florida was a lot cheaper even 2 years ago
Keeping Florida for MC companies
Or just the insurance...
@@deepblue523fl 🎯
@@deepblue523fl Depends where, in middle Florida insurance is cheap 1k/year. Home prices also in the 200s for some nice areas for a 3/2 SFR...
Jack up interest rates for big investors like this guy to 14 - 15% and drop them to 2 % for first time buyers on 1 home.
Why is Florida not on your list?
Florida is facing a crisis right now. Florida has the highest homeowners insurance rates across the board. Retirees on fixed incomes can not afford a 50% increase on HOA /CONDO FEES. A lot of people will be selling, especially the ones who bought back in the 80s or 90s when condo fees were less than 100 bucks. Now fees have gone up, way up! How many people do you know can afford paying for what rent costs in some cities each month on a paid for condo or house. It ain't happening! Do the research. You will find out there is a huge looming issue.
Florida had 15m in 2000. Given rise in taxes and insurance. that growth will shift to TN and other states. TN will grow 50% in the next 10 years passing Mich and Ohio as those retirees and non-woke move south.
Your Missing GA they are building homes here like crazy I think data is subjective?
Florida should be 1 choice everyone is coming here to live Miami Tampa Orlando
Millions of Airbnb's coming back to market, forced Boomer estate sales, record unaffordable housing costs, job losses accelerating. It's bend over time in real estate.
Ha, keep dreaming for it.
"I'm gonna buy so low. Those RE hogs are finally gonna get theirs!"
@@soundsnags2001Sounds like you got a lot to lose!!! LOL
I agree James… Bend over SoundsSnag!!
Millions based on what? Have any facts to back that up?
So many markets have been rising without issue. Just consistent gains. Too many people focus on the big outliers and not the majority of the market.
Boomers are aging in place more with the costs of nursing homes being $5-10k a month. Also some days showing they aren't downsizing as anticipated.
Job market is still strong.
Can the market decline? Of course. Is there an obvious black swan in the room... Not even close. Recessions are caused by the things we don't predict or anticipate. It could happen but it won't be the pimped narrative mainstream media has been feeding you if it does
And new construction coming back after recovering from covid / lumber issues
@@soundsnags2001rent at a low relative to buying, easy to wait.
Higher income residents will also move from the high income, sales, and property tax Socialist states to lower or no income tax states.
That means the Democrat-run states will need to increase taxes even more on the working residents in order
to pay even more welfare to those who do not work.
its rediculas..... im considered "poor" but i guess im now "rich" just becuase own small amount of land and old house house thats peing danmaged and repaired SLOWLY...... guess housing IRL is partyhats of the real world.
All the californians are moving to Idaho it's like the plague it's IdaFornia now my opinion😮
Texas is taking in so many Californians it is literally turning purple 😢
The open southern border and the millions here dont even register on his radar...
Try putting money into a company that provides services for people. Greasy taking homes from people and charging outrageous rental prices
People are definitely moving by POLITICAL PARTY- Gerrymandering States!
What is dollar sign $ 3 billion?
Is that how you talk?
California prices going to continue to rise, despite of everything I heard on TH-cam!? Good to know.
LOL. Ya, right! This list, is amusing. (Hint: It's at about "2008- 9" on the 'predictable' graph, again... Re- read Crashproof 2.0, circa 2009. These feds and the FED to City of London, WB, IMF, ECB and BI$, etc. aren't very "creative..." They pull the SAME cyclically "rigged game" schemes, with a different scapegoat... every 7- 14 year cycle, the past several decades. (i.e. Expect a 20- 60% plus 'devaluation' in most of Cali, just like the last crime! Or worse? And in Phoenix, LV, etc. Same' ole, same!) I also don't think they looked at Reventure app, to the ALIEN invasion.... to landing, maps?!
Alabama is full, stay home.
Do you account for illegal immigration into your figures. These people do impact cities in towns one way or the other.
Illegals aren't going to answer census questionaires, so they're not going to be on these charts. But you can bet that Ken is estimating for them in many cities. They get jobs eventually and have to live somewhere. Therefore, landlords are needed and are very excited to take their stacks of $100 greenbacks.
So no crash?
What would be that cause
@@akfodysvn right
I can guarantee with certainty if you invest into any of these markets in 2024 you will lose money.
I understand the water mark. Come on man.
Was there content here? Or just a bunch of adds?
Debatable? Not enough data here, and those "Top 10" are a "no go..." in the foreseeable future, for most types of REI. (Particularly since the "bigger than 2007- 14 market correction- wealth transfer..." is just getting started!) That said, half of those soon to be and already 'flat- lining' markets, are "on my radar for creative terms," ONLY solutions! (i.e. No banks, no NAR, no: "guaranteeing debt!" I'm DONE... with clearly bank/ gov. rigged, b.s. That bubble 're- inflation' gameplay was 'redundant,' by 2008... Hell, more like 1990- '91, or 1980!! It's was succinctly 'outlined' and summarized in Crashproof 1 and 2.0, before the last crash... And 'inflation' was baked into the cake, LONG... before! (i.e. Since 1913, in particular. But this goes all the way back to every 'staged' war, depression, etc. they've intentionally, induced...)
Why don't you buy and quit playing on youtube if it's so easy?
Wv has lost a lot of people because of taxes and so many fees
Thats crazy to see the numeric growth in Colorado. That growth is immigrants.
Why don't u just come out and say it. White Flight / Integration has been the driving fact of development and construction since the 70s.
And the cherry on top is good public schools and a feeling of safety and community.
Then come status chit
An interesting dynamic in Utah-- People move in and move back out within 5 years. Non Mormons find the native Utah population to be backbiting and not what they present themselves to be. You have been warned.
Oh that’s funny.
I was born and raised in Utah. And if you’re not mormon you are not accepted.
I totally agree with you.
Another aspect follow free money. Where bail checks go?😂😂😂
The opening eight reasons are exactly why real estate can't get any cheaper to build new homes. Century homes are extremely outdated and becoming unsafe due to their construction practices
Why Houston is not in the Top 10?
why is san diego in the top ten? not saying it shouldnt be, just wondering why.
It's next to the border
California is declining because the policy is that terrible. I have many in laws that wish they could leave.
Seattle is expensive and crime
Why Boston? I agree but I am very curious. My reasoning: Boston is really really bad in terms of cost and regulations and "good old boys" network. One thing that help Boston is the intellectual capital: biotechnology, medicine, and education. Globalization is helping Boston.
Yeah I said the same thing when my mother that’s a Nurse moved to Boston and bought a home out here and Boston has a Robust health network and overall a solid place, biggest set back tbh is just the winter weather sadly. My mother raised me in Florida and I refuse to trade in that sun belt 😂
@@copiouscat I spent a few years at Phoenix Arizona. And I agree with you.
Very hard to evict people in Boston
I know one thing. Atlanta has become a complete shitshow and its going to get worse.
City is still growing, any city that has growth or is big is going to have detractors, He follows the data and not his emotions. you can cry that about any city on the list if one wants too.
@@02nupe
1) Point out the part where I said Ken was wrong? Since you seemed to be bothered.
2) Emotions??? Okay 🤦🏾♂️🤣
In the meantime they can't give away office space in Atlanta. Growth is irrelevant especially if properties are sitting vacant and unaffordable.
3) You don't even know Atlanta isn't. In the top ten metros in the state of Georgia. When it comes to real estate dealings. I know this because I use micro market maps. In my real estate investing business.
@@jermon983several cities have office space vacancies, NYC, San Fran are WAAAAYYY WORSE for example. That is not unique to Atlanta, so with all due respect that’s not a good thing to point out when it’s a nationwide issue. You said ATL is a sh** show and as I noted above you can say that about ANY city. There is not enough housing in metro Atlanta thus the points Ken points out make more sense. I never said you said Ken was wrong. If you don’t like ATL cool, just your points don’t make sense in the context of the nation and Ken’s points.
I love all your data!!! I particularly like your charts. It's interesting to see that over a million people died during covid, I haven't seen the totals before...and then another smaller spike when the v rolled out. Also the deaths stayed higher than usual even after covid was no longer an issue. So sad. Anyway, just something I noticed...back to the video to find the best markets. Thanks again.
By the way, that chart is titled population growth = natural + immigration, but it is showing births (still below average) and deaths (still above average). I am curious where the millions of illegals are in these numbers.
As the boomer generation dies off, population will plummet. With a world wide 8 billion to 3 billion population drop in the next twenty years, I don't know how housing prices won't go south. That's not to mention those that have already died due to Covid. So I think a population decline will start up sooner than many to expect it to. For one thing, seniors who sell their homes are finding prices out of their reach. Especially those that moved to Florida to retire. They're seeing a 435% increase in their insurance rates with an increase in taxes and they no longer can afford to live there. Tourism in Florida is dropping off dramatically this past year and will likely trend down even more in following years. The treat of sea level flooding and storms increasing has really taken people off their game down there. I honestly can't see a good many realtors surviving the latest trends going on in the nation as a whole. Already it's been reported that housing costs are dropping and many people just don't have the money to hang on much longer. Yeah. It's beginning to look bleak for the immediate future in housing. Many people in the east are hunkering down and staying put because of high housing prices. I think many houses were already over priced during the pandemic and now that credit is so tight, I can't foresee anyone buying right now.
Buying in the Southwest is not going to help the situation. These states don't have the infrastructure to handle a heavy influx of migrants. Neither do these states have the technical support that the rest of the nation has become accustomed to. So remote workers will find it difficult to operate in the Southeast. Some cities might have the technology to handle it, but the rural areas have a long way to go in order to catch up. Sure, the land may be less expensive, but many people in the countryside are getting their water from wells. And as things have happened in other parts of the country, drug addiction really took off when the areas textile jobs were sent overseas. Road building has been at a standstill pretty much for the last twenty years. And the existing roads are deteriorating as well. No. The Southeast is OK for farmers and such, but not much good for other fields. A few auto plants have come into the area, but jobs in the Southeast pay very low and are hard to come by. If you want to retire, it's not bad. But if your wanting to work, well, good luck with that.
Hardly a jump in deaths due to COVID.
How about the several million illegals, where did they go?
They went here, there, and everywhere.
kick hedge funds out of single family
Gods speed back president Trump