WTF?? So the video is titled "Now is the Time to Buy!" but for the average home buyer Ivy Zelman has the following advice: "If you're not in a rush and the market feels frothy, which it does... I think that it would be better to probably be patient and maybe sit on the sidelines as long as you're comfortable in your current space." Direct quote from about 10:49
Exaxtly. I listen to her interviews in other places too and I don’t know exactly what she is saying. Seems like she is saying as long as investors are still buying and developing then market will still be hot. But if it’s hot then why shouldn’t the first time home buyers try to get in if they can?
Either the host doesn't understand what Ivy is saying or he is in denial flat out rejecting her message. Ivy is a housing bear although she hasn't been as loud lately sounding more wish washy.
First-time buyer here. I saved for 10yrs to finally get enough money to buy a place. I couldn't compete with the cash offers here in Denver. So many offers for 3 yrs. Now my landlords are using home price sales in the area as a justification to raise rents 20% every year. We're all just watching the system enable the wealthiest people in history to leverage their wealth against the poorest people in the country.
Ignore the click bait title 10:49 "If you're not in a rush and the market feels frothy, which it does... I think that it would be better to probably be patient and maybe sit on the sidelines as long as you're comfortable in your current space."
Consider that boomers own 42% of all single family homes today and they will all die off over the next 15 years. Construction, although impacted by supply chain, is also accelerating. I expect an inventory flood over the next decade.
Best time to invest? thats funny though because in the last four months I have lost more than $47,900 in stock market which is the biggest I have loss since I ventured into stock investment.
you could be right or wrong depends on your expertise, I once made such loss when i invested thinking i have gathered enough trading skills from youtube videos
now its a different ball game for me because I was lucky to have met "TERESA JENSEN WHITE", a financial manager and stock expert, I have made more than $165,000 in 6 weeks under her supervisions.
Really? people are cashing in from the stock market and frankly speaking its comforting seeing someone admit to the fact that they actually seek help from professionals. please how can i reach TERESA ?
Interesting she mentioned the hot markets having too much new build in the pipeline, curious what she thinks will happen to mature markets like inner core LA or DC
I used to work at a big homebuilder many years ago and they wanted to build more affordable homes and duplexes (knowing how many consumers want that)but there just isn't any money to be made in those small homes since the roadway and utility costs ets are the same regardless of homes size so they end up selling bigger homes to be able to have a little profit and stay in business
Now is the time to buy? When we're likely headed more and more towards a recession each day and prices are sky high? People are already leveraged to the tits, who can honestly expect this to keep going?
So basically i missed the mark to buy a home and just need to bite the bullet and buy now at high prices and high interest rates. basically im screwed on both sides.
We have 4 homes in our entire county 4-600k range. And my poor kids can’t afford life and they both live on there own! Scary AF! I’m struggling myself!!!
Seems weird the investors would want the hassle of dealing with rental homes (especially with huge property tax and insurance increases) when they can just buy agency bonds at 5% yield or 4% muni bonds tax advantaged. Weird.
WTF??
So the video is titled "Now is the Time to Buy!" but for the average home buyer Ivy Zelman has the following advice:
"If you're not in a rush and the market feels frothy, which it does... I think that it would be better to probably be patient and maybe sit on the sidelines as long as you're comfortable in your current space."
Direct quote from about 10:49
Exactly! Confused the shit out of me
Frothy? Homes are flying off the market faster than ever where I am
Exaxtly. I listen to her interviews in other places too and I don’t know exactly what she is saying. Seems like she is saying as long as investors are still buying and developing then market will still be hot. But if it’s hot then why shouldn’t the first time home buyers try to get in if they can?
Because the host loves click baits. I came here because i wanted a recent interview with Ivy. he seemed to redirect her thoughts to match his advice.
Either the host doesn't understand what Ivy is saying or he is in denial flat out rejecting her message. Ivy is a housing bear although she hasn't been as loud lately sounding more wish washy.
Challenging times we are living in.Thanks for the podcast!
Great information!
First-time buyer here. I saved for 10yrs to finally get enough money to buy a place. I couldn't compete with the cash offers here in Denver. So many offers for 3 yrs. Now my landlords are using home price sales in the area as a justification to raise rents 20% every year.
We're all just watching the system enable the wealthiest people in history to leverage their wealth against the poorest people in the country.
Great info! Confirms a lot of what Im thinking and seeing. Thank you!
Like watching Jan Levinson. Great video.
Thank you for always educating us to be prepare for change
Im confused as a first time home buyer, should I buy now or wait.
Buy now!
If your home is no more than 3 times your annual income, go for it. That’s been the historic trendline for home prices the last 120 years.
Ignore the click bait title
10:49 "If you're not in a rush and the market feels frothy, which it does... I think that it would be better to probably be patient and maybe sit on the sidelines as long as you're comfortable in your current space."
Consider that boomers own 42% of all single family homes today and they will all die off over the next 15 years. Construction, although impacted by supply chain, is also accelerating. I expect an inventory flood over the next decade.
@@dougd959 they aren't all dying in 15 years. The youngest boomers are in their 50s. Try again.
There might be an economical turmoil but there is no doubt that this is still the best time to invest.
Best time to invest? thats funny though because in the last four months I have lost more than $47,900 in stock market which is the biggest I have loss since I ventured into stock investment.
you could be right or wrong depends on your expertise, I once made such loss when i invested thinking i have gathered enough trading skills from youtube videos
now its a different ball game for me because I was lucky to have met "TERESA JENSEN WHITE", a financial manager and stock expert, I have made more than $165,000 in 6 weeks under her supervisions.
Really? people are cashing in from the stock market and frankly speaking its comforting seeing someone admit to the fact that they actually seek help from professionals. please how can i reach TERESA ?
search her name on the internet to reach her
Interesting she mentioned the hot markets having too much new build in the pipeline, curious what she thinks will happen to mature markets like inner core LA or DC
I used to work at a big homebuilder many years ago and they wanted to build more affordable homes and duplexes (knowing how many consumers want that)but there just isn't any money to be made in those small homes since the roadway and utility costs ets are the same regardless of homes size so they end up selling bigger homes to be able to have a little profit and stay in business
Now is the time to buy? When we're likely headed more and more towards a recession each day and prices are sky high? People are already leveraged to the tits, who can honestly expect this to keep going?
This 💯
We are strong buyers. Interest rates went up a lot. I just got a quote for 5% and it was quite a bit less from the same lender only a few weeks ago.
We are almost priced out regardless of good income and credit
great video
When someone calls mortgage-backed securities -- MBS securities --- I just tune out.
So basically i missed the mark to buy a home and just need to bite the bullet and buy now at high prices and high interest rates. basically im screwed on both sides.
I was one of those renters converting to owners in Q4 2020.
We are already at 4.5% without 760+ credit score and a buy down. When we hit 5% that will slow things down
No it won't. Renting is even more expensive . There is no alternative.
Yes. Yeah. Uh hm. Yes. Yes. Uh hm.
We have 4 homes in our entire county 4-600k range. And my poor kids can’t afford life and they both live on there own! Scary AF! I’m struggling myself!!!
Investors will stop investing when there is little or no return on their investment. Am I missing something?
Seems weird the investors would want the hassle of dealing with rental homes (especially with huge property tax and insurance increases) when they can just buy agency bonds at 5% yield or 4% muni bonds tax advantaged. Weird.
If you don’t HAVE to buy, don’t.
Yeah, keep raising those interest rates so only those cash buyer investors can afford the houses. SMH.
Put your damn glasses back on, Tom!
Lol!!!!!!
This is Tommy Ferry. Tom stepped out for a moment.
First time I’ve seen Ivy not be as bearish in a while. Let’s gooooo investors! Get that rent money and make middle and lower income be our bitches!
Wow
Exaxtly my thoughts too. She is coming less bearish from even just a few months ago.
You depend on the labor of Lower and middle income for survival. Does someone wipe your butt for you too?
@@tinachxx110 not sure why... when affordability just got worse and was her big point on how this cant continue