Airbnb Foreclosure BOMB Explodes

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  • เผยแพร่เมื่อ 30 ก.ย. 2024
  • Airbnb Foreclosure BOMB Explodes
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ความคิดเห็น • 324

  • @monsteraetc
    @monsteraetc 3 หลายเดือนก่อน +69

    I’m not usually a petty person, but recently had to move out of a rental due to both of us getting laid off over the span of 6 months. We had an early termination clause, executed it properly, paid the rent/termination fees due, had the property professionally deep cleaned, and had the yard professionally mowed/edged/cleaned the day before inspection. We are Gen X Medical/Military couple with no kids…so there was NO damage to the house. The “representative” the investor landlord sent even wrote a hand-write note attesting the same (since she showed up without any sort of checkout sheet). They kept $2000 of our deposit, on bogus “damage” (like “damaged blinds”…when the house has no blinds) and it’s not worth it to chase them in court (and they know this).
    I hope they go bankrupt.

    • @KippinCollars
      @KippinCollars 3 หลายเดือนก่อน +17

      Small claims is easy and $2000 should fall under that. Even if you lose, you make their life a pain in the ass.

    • @monsteraetc
      @monsteraetc 3 หลายเดือนก่อน +6

      @@KippinCollarsUnfortunately, MY time is worth more than that.

    • @KippinCollars
      @KippinCollars 3 หลายเดือนก่อน +14

      @@monsteraetc so is theirs. You re-schedule as much as you can so it wrecks their work schedule. Then, send letters to every other tenant in the building to do the same if their deposit is docked. The point is that cheating like this will cost them dearly.

    • @jaredresendes797
      @jaredresendes797 3 หลายเดือนก่อน +8

      @@monsteraetcdon’t roll over for them!

    • @nadjadavidson411
      @nadjadavidson411 3 หลายเดือนก่อน +8

      @@KippinCollarsI was going to suggest the same. I sat on the other side of the table and had a tenant who wasn’t paying their rent. As soon as the small claims invitation arrived, I got the check. If the tenant has good documentation of the state of the property and the written confirmation that there was no damage, I would file a small claims suit right away.

  • @Landstalker1999
    @Landstalker1999 3 หลายเดือนก่อน +88

    I have ZERO sympathy for failing airbnb investors. They were absolutely selfish bunch of people who only cared about money and didnt care about the neighbors' well being.

    • @shanerogers9386
      @shanerogers9386 3 หลายเดือนก่อน +5

      They should at very least pay a significant monthly protection fee to operate in people’s neighborhoods. They have single handedly lowered the quality of live for people living there and they have increased they taxes on insurance people have to pays.

    • @CaptCrunch106
      @CaptCrunch106 3 หลายเดือนก่อน

      I attempted to use AirBnB once to rent a place in TN for my elderly mother to stay at during a hurricane that hit her hometown in NC a few years back. Her home and neighborhood was underwater for a few days! We read all the positive reviews and the terms of the contract on an Airbnb listing… put down $5000 on a place for her to stay… when she showed up a few hours later and had rats, roaches, spiders n webs inside the house and realized it was not as the pictures and descriptions indicated and no one was coming to do anything about these issues I had her leave… I refused to keep my elderly mother in a property in that condition and ended up getting her a hotel with on-site management. AirBnB and the property owner/manager refused to address our grievances and provide a remedy or refund of our money. They kept every single penny without remorse and the dirt bag owner probably continues to rip people off with his deceptive property listings to this day. After that awful experience I will never ever conduct business with any other outfit like Airbnb ever again… I’ll just go to a brick n mortar management company or hotel when available.

    • @joshuathomas4934
      @joshuathomas4934 3 หลายเดือนก่อน +4

      Yeah it’s disgusting. Most people don’t see it that way though. Sadly. Single family dwellings are such a hot investment now. Everyone wants in on contributing to sky rocketing the prices of homes and making money while sacrificing their own communities well being while really believing it’s an honest way to make money.

    • @Joshuatree7746
      @Joshuatree7746 3 หลายเดือนก่อน +3

      Travis rented out his home and currently renting somewhere else. He's a real estate investor. Regardless if its an Airbnb the property is still an investment. What about him? LOL. Wow... the hypocrisy of some on this channel is mind boggling.

    • @Landstalker1999
      @Landstalker1999 3 หลายเดือนก่อน +5

      @@Joshuatree7746 Is he an Airbnb investor? No. So what's your point exactly?

  • @irfaankalamadeen9823
    @irfaankalamadeen9823 3 หลายเดือนก่อน +45

    This is the HELOC period.. Someone i know just took out a 30 year $100k adjustable rate HELOC starting at 9.5%, his initial deposit in 2021 was 40k so and has a fancy 3% mortgage. There is no records to track these second mortgages but I personally know multiple folks who recently bought with 3% rates and are tapping equity to do repairs, buy boats, cars and vacations...oh and pay off cc debt racked up in the last few years. This crash will be about a decade long and its 100% already started.

    • @ytSuns26
      @ytSuns26 3 หลายเดือนก่อน +3

      Funny somehow debt isn’t considered an addiction.

    • @MBB9394
      @MBB9394 3 หลายเดือนก่อน +3

      Sorry your associates are so naive or shallow or-what is the right term? HELOCs for the reasons you stated.
      I knew someone who got a facelift during the crazy “liar’s loan period before the last financial crisis. You think people would learn, but they did not, apparently.

    • @irfaankalamadeen9823
      @irfaankalamadeen9823 3 หลายเดือนก่อน

      @@MBB9394 yep its hard for some to learn when then systems are so seductive and toxic. There should be better regulations because if left up to people to be responsible adults alot are not capable. The facelift story is wild but i totally see it happening.

    • @irfaankalamadeen9823
      @irfaankalamadeen9823 3 หลายเดือนก่อน +2

      @@ytSuns26 Totally an addiction. I just witnessed a couple celebtating the fact they got a 100k HELOC which is a second mortgage with expensive champagne. True addiction to the point where they are celebtating going deeper in debt on the same property.

  • @pablo81778
    @pablo81778 3 หลายเดือนก่อน +41

    Long before there are mass foreclosures, we will see large amounts of property tax defaults. Higher insurance and property taxes will do to real estate what ARMs did to homeowners back 15 plus years ago. Tax defaults will really start this new housing crash and foreclosures will come later. And, it is impossible for the governments to bailout these types of defaults.

    • @bunsguns8222
      @bunsguns8222 3 หลายเดือนก่อน +2

      Hmm, how many people are paying their own taxes and have a mortgage?

    • @joshuathomas4934
      @joshuathomas4934 3 หลายเดือนก่อน +4

      I’m surprised we haven’t seen more property tax defaults. The values cannot keep rising. They just can’t. Not unless people start making a lot more money. And with the country being flooded with dirt cheap labor and people being replaced with AI. This is going to be a very very interesting situation. The interest rates cannot go down before we hit major job losses. The fed knows this. And I believe they will stick with it. As it’s the only option. If they lower interest rates. Our economy will implode.

    • @jaredresendes797
      @jaredresendes797 3 หลายเดือนก่อน

      @@joshuathomas4934the major job losses are around the corner

    • @CaptainCaveman1170
      @CaptainCaveman1170 3 หลายเดือนก่อน +1

      I don't know, the money printer has bailed out much more than most people expected.

    • @brianmatthews4149
      @brianmatthews4149 3 หลายเดือนก่อน

      So true.

  • @michaelanderson9914
    @michaelanderson9914 3 หลายเดือนก่อน +25

    Money does not buy happiness. It buys freedom which makes happiness easier to achieve.

    • @bpb5541
      @bpb5541 3 หลายเดือนก่อน

      Aren't you talking about the constitution? Money has nothing to do with rights... money can buy politiicans that can make laws that degrade rights. Money gives you freedom to escape and move to somewhere were rights are still valued. I think that is what you meant.

    • @michaelanderson9914
      @michaelanderson9914 3 หลายเดือนก่อน +1

      @@bpb5541correct.
      I believe politicians and government can only violate peoples rights. They can't take them away or degrade them.

    • @bpb5541
      @bpb5541 2 หลายเดือนก่อน +1

      @@michaelanderson9914 rich folks have choices that the poor do not.

  • @tobyk5149
    @tobyk5149 3 หลายเดือนก่อน +13

    which hotel in Irving has the ladies outside? Asking for a friend.

  • @shanerogers9386
    @shanerogers9386 3 หลายเดือนก่อน +23

    The bubble is so much bigger this time and it’s driven all by levels of speculation that make 2006 looks like a lemonade stand.
    And the sketchy financing has just been rebranded.

    • @aprilgentile5438
      @aprilgentile5438 3 หลายเดือนก่อน +3

      Exactly !!! the Sketchy finance was rebranded its a lot worse this time around.

    • @aprilgentile5438
      @aprilgentile5438 3 หลายเดือนก่อน +5

      Tons of liar loans & people renting out rooms in homes zoned for single family.. even building illegal studio apartments in garages it’s sickening.

    • @shanerogers9386
      @shanerogers9386 3 หลายเดือนก่อน

      @@aprilgentile5438 don’t forget appraisal fraud at levels never seen before.
      I know flippers and investors who are using balloon loans and have SFH carved up into 4 plexes all over Broward and Palm beach county.

    • @CaptainCaveman1170
      @CaptainCaveman1170 3 หลายเดือนก่อน +3

      Of course that's what happened. No one went to jail after the GFC, so you have to be REALLY naïve to think that they all found Jesus and got scare straight. They simply found new ways to get around the new rules. Shadow lending was probably the most egregious way.

    • @privateprivate4882
      @privateprivate4882 3 หลายเดือนก่อน

      Yes it’s totally different than GFC this time ..super bubble and just wait the sketchy financing will be along very soon.. I already see marketing from my local credit union offering zero down payment mortgage ..this hot mess just getting started 😂

  • @Matt_K
    @Matt_K 3 หลายเดือนก่อน +12

    Two thirds of DNN
    So yesterday George Gammon (Rebel Capitalist) was discussing his budy's report how real estate also became globally intertwined. I wonder how many foreign investors will need to sell to bring whatever cash back to their home country.

  • @aprilvalente5131
    @aprilvalente5131 3 หลายเดือนก่อน +12

    Melody you got it right!!! Grow and Enjoy your garden it’s the best Joy ever💜from the 🍀👍🤪

  • @centralscrutinizer76
    @centralscrutinizer76 3 หลายเดือนก่อน +12

    I'm in north Florida, Airbnb owners are trying to sell out ,the money is all gone. Panic in 3,2,1 boom!

    • @networth00
      @networth00 3 หลายเดือนก่อน

      what city?

    • @bpb5541
      @bpb5541 2 หลายเดือนก่อน

      @@centralscrutinizer76 and no one saw this coming, why?

  • @BradKittelTTH
    @BradKittelTTH 3 หลายเดือนก่อน +13

    No one talks about the Texas real estate collapse of 198-s that wiped out 90% of value, unwound over lack of financing when interest rates were 10% APR or more. He who has the credit lines, games the system, gets all the assets at firesale prices over banking access. So sad to watch the few get sacked for their attempt to create affordable housing as there is no pad for price collapse. Creating new housing communities with portable houses, not trailers, perhaps there is a way to share the ground rather than become homeless as the Baby Boomers hit the streets to die. Subdivisions will turn into slums.

  • @zipporaid
    @zipporaid 3 หลายเดือนก่อน +16

    Section 8 people arent happy being beholden to the govt, sure i guess... Yet here i am beholden to the corporate machine thatll throw me to the streets to make a quarterly report look nice

    • @enthused7591
      @enthused7591 3 หลายเดือนก่อน +4

      Gotta diversify your skills or really make sure you're indispensable at your skill. Right now isn't an anomaly, every 10-15 years we get a recession, and corporations have no choice but to adjust the level of labor they employ to the level of demand for what they're selling, it's really like 1st grade math level of simplicity. Letting go of employees only "makes the quarterly report" look good if revenues are falling sharply due to the destruction of demand, which again, happens every 10-15 years. I know a lot of people are incorrectly assuming it's corporate greed, but it was actually socialist congressional spending that caused this in its entirety. Anyone with a shred of understanding of economics has seen this coming since 2021, just like a couple million people saw 2008 coming all the way back in 2006.

    • @joeashbubemma
      @joeashbubemma 3 หลายเดือนก่อน

      Wouldn't you still be on the streets if that "evil corporate machine", didn't provide a job/loan? It amazes me how people refuse to take accountability for their own lives. They create this boogey man "evil corporation", yet will gladly suck on their teet because they couldn't incorporate themselves. CORPORATION: "a legal entity that is separate and distinct from its owners." Take OWNERSHIP of your life, create your own legal entity. If you won't "feed yourself", then I don't see how it's right to condemn the hand that feeds YOU.

    • @zipporaid
      @zipporaid 3 หลายเดือนก่อน

      @@enthused7591 this is wild that you're just like "here's the facts that it isn't greed" when the corporations tell the truth on their reports and all say they're pushing the limits of what they can charge consumers. Socialist spending 😂.

  • @fatfatthewaterrat5010
    @fatfatthewaterrat5010 3 หลายเดือนก่อน +5

    Travis is just a click harvesting grifter. If he was profiting in mortgage origination he wouldn’t be on TH-cam harvesting the naive

    • @networth00
      @networth00 3 หลายเดือนก่อน +1

      Nobody is mortgaging homes right now.

  • @lukewarme9121
    @lukewarme9121 3 หลายเดือนก่อน +20

    The White House needs to be foreclosed on ASAP.

    • @realestatemindset
      @realestatemindset  3 หลายเดือนก่อน +2

      LOL I wish we could trust our officials. It is pretty sad stuff.

    • @bpb5541
      @bpb5541 3 หลายเดือนก่อน +3

      Not just the whitehouse... congress and the treasury too. Presidents don't really have that much impact. What does, are rich companies that own congress.

  • @jonmurphy776
    @jonmurphy776 3 หลายเดือนก่อน +12

    Insurance companies are raising premiums to cover their losses on real estate investments! D’oh 😂

    • @bpb5541
      @bpb5541 3 หลายเดือนก่อน

      I am sure that has something to do with it but really they are increasing the prices becasue of inflation. Insurance for a house is for the rebuilding of the structure. If prices to do that have gone up massively... so will the insurance to cover it. No what we really need is a massive crash to get these lofty prices in everything back down to earth.

  • @user-qb8qm4mp5n
    @user-qb8qm4mp5n 3 หลายเดือนก่อน +7

    Home insurance is more of an issue rn. My neighbor is having trouble renewing her homeowner's policy. She can get insurance it's just the options are not there. Insurance companies are removing themselves, and for the companies that do offer it the price is through the roof. Seriously, I would not buy a home in California. All it takes is one dual-income earner to lose their job or their pay gets cut, and it's just a matter of time for the financial spiral. If in retirement your only income is social security, you will not own a home in California, because all the costs of homeownership are going up, and they never go down. My case in point is you think $2,000/year is normal for property taxes--and it probably is, not saying it isn't. The home insurance on my home 25 years ago and the policy included cost replacement was $1,000/year. Rising costs are nudging people out of homeownership. When I see these Millennials in my former real estate office buying $600,000 homes like they were candy, I'm over here smh because only 13% of the population in the U.S. make a bare minimum six figures or above. This brings us back to dual income, and it only takes one to lose their job or income. Although I did see a news blurb where lenders are offering mortgage loans with more than 2 people for qualifying, i.e., friend groups buying a home together. The residential real estate industry has gotten very complicated. You guys are doing a great job educating the layperson! 👍

  • @thedot66
    @thedot66 3 หลายเดือนก่อน +7

    Irving is awful. They probably thought the casino was going to be built there. If that happens its many years away

    • @JScottHamilton
      @JScottHamilton 3 หลายเดือนก่อน

      It's also one of the two major clusters of corporate headquarters with the Las Colinas planned community. The other major cluster is Plano/Frisco, with outliers of Texas Instruments in Richardson and AT&T in the CBD.
      I would wonder if the Irving's RE market going soft would have anything to do with corporate layoffs, often starting with personnel from the headquarters locations.

  • @Tamrushka
    @Tamrushka 3 หลายเดือนก่อน +10

    I was bidding on a Forclosure auction , I was outbid, it sold for 145,530 , turns out a Realtor bought it and listed it for 189,900 !!! In Lapeer , Michigan / Realty Executives!!

    • @kennethkirklin6959
      @kennethkirklin6959 3 หลายเดือนก่อน +1

      Shoulda bought it

    • @shanerogers9386
      @shanerogers9386 3 หลายเดือนก่อน +7

      Again, the entire market is driven by flippers and investors

    • @CaptainCaveman1170
      @CaptainCaveman1170 3 หลายเดือนก่อน

      @@shanerogers9386 Yep, the MLS isn't showing half of the transactions going on in the shadows. There are MANY places in California where is the inventory is so low that it is statistically impossible for so many thousands o people to have zero major life events.

  • @michaelcushing3526
    @michaelcushing3526 3 หลายเดือนก่อน +12

    I stayed in a bunch of Florida Airbnbs while house hunting during the past year. Almost all of the hosts pleaded with me to give them 5-star reviews.

    • @Miranda3730
      @Miranda3730 3 หลายเดือนก่อน +4

      Yes, the hosts are super desperate for the 5 stars. They get super offended and whine and complain on their hosts groups when the guest leaves a 4 star! it's pathetic!

    • @joanhage5952
      @joanhage5952 3 หลายเดือนก่อน

      Great show, thank you

    • @bpb5541
      @bpb5541 3 หลายเดือนก่อน +1

      Wait until those folks have to fire sell !!!!

  • @BradKittelTTH
    @BradKittelTTH 3 หลายเดือนก่อน +7

    I bought houses in those days for $7,000 and sold them within a decade for $135,000 each, far short of their higher price later, esp now. Now they would cost $450,000. If that leverage is ripped out from under them for lack of refinancing at low rates. Boom.... Bust cycle happens again. 600 builders in Austin when it started, 60 after the bloodbath of subcontractors who never got paid. So sad but great time to buy all you can at the bottom, fix it up, and make millions as the rich now control so well. They will get too big and fall. Shills will have to run and hide.

  • @cindykedzierski2415
    @cindykedzierski2415 3 หลายเดือนก่อน +6

    Many people did not do their homework.
    They did not purchase with enough equity.

    • @RMM919
      @RMM919 3 หลายเดือนก่อน +1

      If folks put 50% down, think the bank gives them credit for that when things go bad? They still get foreclosed. Best to put as little down as possible and keep your cash handy in case things go bad. Those are the folks who survive bad times without having to give back their home. Id rather $100k in my bank account than $100k in equity.

  • @allencoffland1685
    @allencoffland1685 3 หลายเดือนก่อน +4

    haven't been following R.E. that closely, but out here in small city flyover country, I noticed 3 multi-family properties (one 4-plex and two subdivided SFRs) just came up on my search, and that isn't something i've noticed for the past year or so.

  • @richardb4787
    @richardb4787 3 หลายเดือนก่อน +9

    We have a house rented with VRBO and the neighborhood owners association is threatening to shut us down unless we rent a minimum of six months.

    • @chetmyers7041
      @chetmyers7041 3 หลายเดือนก่อน +7

      If there is an HOA they have every right to do so. Get the heck out now before the legal proceedings begin. CASH OUT NOW.

    • @anicca8957
      @anicca8957 3 หลายเดือนก่อน +5

      Good.

    • @mattm9961
      @mattm9961 3 หลายเดือนก่อน +3

      Good

    • @CaptainCaveman1170
      @CaptainCaveman1170 3 หลายเดือนก่อน +8

      Never thought I'd side with an HOA.

  • @Jamezry
    @Jamezry 3 หลายเดือนก่อน +7

    I recently started looking at land in my area thinking "I will just build my house myself" ( which I honestly would love to do) but was shocked at the prices for just land.
    I found land that was marked up 100% from it's sale price in 2023!
    How do they justify that?!

    • @johgndavis8159
      @johgndavis8159 3 หลายเดือนก่อน +2

      They call it inflation

    • @thedot66
      @thedot66 3 หลายเดือนก่อน +1

      I know a 19 y/o kid buying up land and jacking up price and reselling. Hes making bank

    • @brianmatthews4149
      @brianmatthews4149 3 หลายเดือนก่อน

      About 158.00 sf.all depends on fees county and school.

    • @soniasbooks
      @soniasbooks 3 หลายเดือนก่อน +1

      If people will pay it…

  • @lesliebeebe-o6e
    @lesliebeebe-o6e 3 หลายเดือนก่อน +3

    When comps drop then people cant get their re-fi's and snowball effect like 2008

  • @enthused7591
    @enthused7591 3 หลายเดือนก่อน +14

    The short sales come first, that's what happened in 07 and what will happen this time. In most markets in the US, prices have been completely stagnant since October of 2022, there's been 1-2% price growth at the most on paper. Most people wouldn't ever consider paying anywhere near what these 2022-2024 buyers paid. Short sales are going to flood the market, STILL nobody will be interested in those 5% discounts, and then foreclosures will follow in the millions.

    • @privateprivate4882
      @privateprivate4882 3 หลายเดือนก่อน

      I agree on the short sell on the way..they are not easy to negotiate for anyone not familiar with process..going to be a hot mess 😢

    • @soniasbooks
      @soniasbooks 3 หลายเดือนก่อน +1

      Starting to see it.

  • @jackjohnson9449
    @jackjohnson9449 3 หลายเดือนก่อน +6

    Good analogy Melody, "what do you mean, you have been giving me the candy for years,"

  • @jorgecasamiquela1186
    @jorgecasamiquela1186 3 หลายเดือนก่อน +5

    I like Mel 😊

  • @GingersnapsRealtor
    @GingersnapsRealtor 3 หลายเดือนก่อน +6

    My two favorite people!! Love when you guys collab 🎉

  • @3xfelix
    @3xfelix 3 หลายเดือนก่อน +5

    Huge housing market crash coming! Joyous times ahead

  • @prashanthb6521
    @prashanthb6521 3 หลายเดือนก่อน +4

    Datacenters being empty is bonkers for an IT guy like me. I thought cloud was in demand.

    • @kennethkirklin6959
      @kennethkirklin6959 3 หลายเดือนก่อน +3

      Its just like the hospitals during the Cerveza sickness..all empty..

  • @jamisonmunn9215
    @jamisonmunn9215 3 หลายเดือนก่อน +5

    Vacancies are through the roof and rents aren't dropping fast enough. Home prices are dropping but not nearly enough.

    • @RMM919
      @RMM919 3 หลายเดือนก่อน

      Only way prices drop is if supply is increased and that can't happen until rates come down allowing builders to borrow the cost of construction. This market is locked for the next 2 years period. Tax policy in these locales need to be reformed as rates were set when values were considerably lower. Hazard insurance is another story, thats going to keep going through the roof until insurers make up the losses of severe conditions that destroyed cities like hurricane and fire. Tell the feds to stop playing with the weather to deal with the hurricanes, and the FCC to shutdown wifi as that overlapping radiation is killing the trees turning the west into a tinderbox.

  • @j_flo
    @j_flo 3 หลายเดือนก่อน +10

    We’re in the squatting phase. Bail and buy 2.0.
    🇺🇸🦅

    • @shanerogers9386
      @shanerogers9386 3 หลายเดือนก่อน +1

      @@j_flo flippers and investors hoarding hoarding homes and creating the bubble has created homelessness and squatting. Fix the root of this issue

  • @briancutsinger
    @briancutsinger 3 หลายเดือนก่อน +4

    Thank you Travis and Melody, I appreciate your data and personal perspectives!🌞
    Have you ever thought about doing a Twitter Spaces to allow multiple speakers from your communities to ask and answer questions? Twitter allows for a back and forth dialogue where TH-cam is usually a one way conversation. Either way you guys are crushing it.
    Keep up the great work guys and thanks again!🌞

  • @TheDankrista
    @TheDankrista 3 หลายเดือนก่อน +2

    Help me out. If a home is on market 150 days, did you offer 20% below a recent appraisal or how did you know you were getting it so far below market value?

  • @Steverz32
    @Steverz32 3 หลายเดือนก่อน +7

    ABSOLUTELY BONKERS 👍

  • @estherpalafox6604
    @estherpalafox6604 3 หลายเดือนก่อน +4

    Thank you thank you for not letting us being alone in this process we are listening 😢😮❤❤❤👍🙏🏼🙏🏼🙏🏼🙏🏼

  • @johnlangley6449
    @johnlangley6449 3 หลายเดือนก่อน +2

    Sixteen tons and what to get another day older and deeper in debt I own my soul to the company store do do do….😮

  • @joelsnyder8177
    @joelsnyder8177 3 หลายเดือนก่อน +4

    She said their could be a chance the government could own the property and rent them to us, the question i have do you think it matters who becomes president would change that out come ? I believe in a free market less government is better

    • @deep6301
      @deep6301 3 หลายเดือนก่อน

      THE GREAT TAKING

    • @Steven_Will
      @Steven_Will 3 หลายเดือนก่อน

      I could see it under Biden. Not sure about Trump

  • @InvincibleExtremes
    @InvincibleExtremes 3 หลายเดือนก่อน +3

    everyone complaining about housing prices but nobody wants to pick up a hammer and actually do the hard work to build their dream home or make honest money. everyone is tired of watching people skim off the top and not pay the workers their due.

    • @realestatemindset
      @realestatemindset  3 หลายเดือนก่อน +1

      You know I really really agree with you OVERALL. BUT we don't have to be those kinds of people. Dude think of all the people who are still asleep. Think of all the people who are already to far gone on debt. The bad stuff has NOT happened yet in their eyes but it will.

  • @kimtruesdale712
    @kimtruesdale712 3 หลายเดือนก่อน +6

    Love to see you and Melody. Bonkers!

  • @thedot66
    @thedot66 3 หลายเดือนก่อน +9

    Ive got a garden and a paid off house. Life is good

  • @johnlangley6449
    @johnlangley6449 3 หลายเดือนก่อน +3

    Chairman Mao said be happy with your in misery 😢

  • @DavidOgletree-z6z
    @DavidOgletree-z6z 3 หลายเดือนก่อน +13

    Wait til Buyer Agent Commission is gone from MLS in a month, demand will really go to zero

    • @Annajsee
      @Annajsee 3 หลายเดือนก่อน +4

      My exact thought

    • @joeashbubemma
      @joeashbubemma 3 หลายเดือนก่อน +1

      Hold on, are you saying that RA's drive the market? Demand is demand, the MARKET will figure out a way to streamline transactions, with or without RA's. We are seeing this within the automotive industry as well, the MIDDLE MAN is slowly being phased out. AI/robotics will eliminate the rudimentary inefficiencies in markets. Buyers and sellers are fed up with paying commissions to glorified used car salesman.

    • @soniasbooks
      @soniasbooks 3 หลายเดือนก่อน

      @@joeashbubemmaAI is still nowhere near smart enough for that.

    • @katydid2877
      @katydid2877 3 หลายเดือนก่อน +1

      @@joeashbubemma I used a flat fee broker in 2021. Cost me $3K for listings, sign in the yard, photographer, and closing. It’s not that complicated.

    • @jermon983
      @jermon983 3 หลายเดือนก่อน

      Also, sellers having to bring cash to their own closings. Just to help finalize their sale of their homes.

  • @prettyridesmedia
    @prettyridesmedia 3 หลายเดือนก่อน +4

    Melody is bonkers!!! Love the info

  • @jorgecasamiquela1186
    @jorgecasamiquela1186 3 หลายเดือนก่อน +5

    You are Bonkers Kid 😮

  • @eliot5220
    @eliot5220 3 หลายเดือนก่อน +2

    Did I hear Travis say he was thinking about investing in a house for $300,000?

  • @soniasbooks
    @soniasbooks 3 หลายเดือนก่อน +2

    That’s not actual foreclosures, it’s people who are 30+ days late on their payment. Potential foreclosures over the next few years. Still, says something about the direction of the market and the economy.

  • @tomkarnes69
    @tomkarnes69 3 หลายเดือนก่อน +1

    Every stream is end of the world and beyond, when are we going to get a nice day out

  • @alanmichel613
    @alanmichel613 3 หลายเดือนก่อน +11

    This is all best described by one word…”Bidenomics”

  • @G-Anon-oz2lb
    @G-Anon-oz2lb 3 หลายเดือนก่อน +5

    Let’s go bonkers!

    • @tobyk5149
      @tobyk5149 3 หลายเดือนก่อน +1

      Lets go Brandon!

  • @bpb5541
    @bpb5541 3 หลายเดือนก่อน +1

    Just wait... we haven't seen nothing yet.

  • @SirCarlosMusicBMI
    @SirCarlosMusicBMI 3 หลายเดือนก่อน +3

    🎉🎉🎉 For the algorithm 👍👍👍👍👍👍👍👍
    Thank you brother Travis, Carlos

  • @scottycooper8303
    @scottycooper8303 3 หลายเดือนก่อน +5

    Several “Short Sale” homes have popped up in my area!!!

    • @taurus1647
      @taurus1647 3 หลายเดือนก่อน +6

      Which city?

    • @networth00
      @networth00 3 หลายเดือนก่อน +2

      what area?

    • @scottycooper8303
      @scottycooper8303 3 หลายเดือนก่อน

      @@networth00 southwest tennessee. Munford & atoka area. I’m a realtor and have been doing my best to keep a close eye on it. This market is ridiculous for sure.

    • @scottycooper8303
      @scottycooper8303 3 หลายเดือนก่อน

      @@taurus1647 southwest tennessee. Munford & atoka area. I’m a realtor and have been doing my best to keep a close eye on it. This market is ridiculous for sure

    • @networth00
      @networth00 3 หลายเดือนก่อน +1

      @@scottycooper8303 I'm from close to there. Who would have thought those prices would go sky high.

  • @irfaankalamadeen9823
    @irfaankalamadeen9823 3 หลายเดือนก่อน +2

    Dont buy a house in an election year Travis. Especially this election and at these price to income ratios.

  • @charlesrocks
    @charlesrocks 3 หลายเดือนก่อน +5

    Holy Bonkers Bros

  • @JScottHamilton
    @JScottHamilton 3 หลายเดือนก่อน +1

    Not only can you not trust the government, you *shouldn't* trust the government for all the obvious reasons. The principle of _caveat emptor_ still applies. So it's up to you guys to keep the buyers well informed so that they can beware.
    I'm also wondering when you have a cluster like this in Irving that shows up all of a sudden, could it be from private equity who own a bundle of properties deciding to go jingle keys?

    • @JScottHamilton
      @JScottHamilton 3 หลายเดือนก่อน

      On a related note to Melody's thesis of county ownership. This has been done for years in Pittsburgh/Allegheny County for distressed and abandoned properties. Some properties are held by the Pittsburgh's non-profit URA, and others are eligible for the the county's Vacant Property Recovery Program (VPRP) when the properties have back taxes and often clouded titles.

    • @realestatemindset
      @realestatemindset  3 หลายเดือนก่อน

      100% it could be and probably is.

  • @cuzmariosaidso
    @cuzmariosaidso 3 หลายเดือนก่อน +1

    900 is how much compared to “normal” sorry I’m just uneducated on the topic thank you ❤

  • @nadjadavidson411
    @nadjadavidson411 3 หลายเดือนก่อน +3

    I attend local networking events. A mortgage broker was telling us that pretty much nobody brings money to the closing table. It’ll be 2008 all over again.

    • @realestatemindset
      @realestatemindset  3 หลายเดือนก่อน +2

      Thank you for the boots on the ground intel!

  • @johnlangley6449
    @johnlangley6449 3 หลายเดือนก่อน +3

    America is a third world country 😢

  • @4Marktk
    @4Marktk 3 หลายเดือนก่อน +4

    absolutely bonkers y'all

  • @nicweethee
    @nicweethee 3 หลายเดือนก่อน +1

    11:50 where Melody spoke about non traditional products like seller finance is what artificially propped up this market and unfortunately those individuals who basically got a property for next to nothing down and aren’t cash flow positive anymore because they can’t rent it out for the amount to cover the money they owe the seller, well they will just walk away and the seller will reinherit the property along with the issues of possibly having to evict the tenant or if it is vacant they will likely have to rehab the property to sell it and break even. I highly doubt they will break even with the precipitous decline in preowned because I just bought one and already lost 40k in equity in the last 3 months and it seems to be continuing. The real problem I see exacerbating the downturn in the market is the novice investors who did these seller finance deals and are not performing aren’t paying their property taxes and so the seller who will get the property back after the buyer defaults may owe the back taxes in order to get their property back.

  • @Thyalwaysseek
    @Thyalwaysseek 3 หลายเดือนก่อน +1

    Hey Melody most of our problems today are actually caused by people who don't sit down and deeply contemplate their existence.

  • @curtgomes
    @curtgomes หลายเดือนก่อน

    Yes, but Jerome Powell and Janet Yellen said the economy is healthy and vibrant. The stock market is going straight up! Everything is wonderful.... Don't worry!

  • @rosemont83
    @rosemont83 3 หลายเดือนก่อน +1

    If he has an edge by having software no one has access to, he's not going to give it to people that are also on youtube especially lol

    • @realestatemindset
      @realestatemindset  3 หลายเดือนก่อน

      Someone just said he violated privacy laws by doing that. Amazing what kind of censershop is already here.

    • @rosemont83
      @rosemont83 3 หลายเดือนก่อน

      @@realestatemindset Did you check that the person that said that is a lawyer and not a random person on the internet?

  • @sheilagrace565
    @sheilagrace565 3 หลายเดือนก่อน

    The US housing market can be summed up and visualized in the Movie Oh Brother Where Art Thou: The Scene "in a tight spot!"
    Check it out. Damn, we're in a tight spot!

  • @privateprivate4882
    @privateprivate4882 3 หลายเดือนก่อน +1

    Here comes the jingle keys 🔑..this market is unstable..going to be epic collapse..rate cuts will not save this level of volatility..the prices are the problem and the negative equity for anyone who purchased during bubble is just getting started..if u need to sell get the price right the first time ..don’t let ur listing go stale because u get low ball offers after house sits..the foreclosures Melody mentions in Texas might be from somebody who has orders for BPO in that area..just a guess. Great video tonight ..Melody is 💯 spot on 🇺🇸❤️🙏

  • @EricCrawford777
    @EricCrawford777 3 หลายเดือนก่อน +2

    Great information and conversation.

  • @Xochiyolotl
    @Xochiyolotl 3 หลายเดือนก่อน

    I think you guys might have jumped the gun posting this video when you did. It came out on Friday, it is now Monday, and I see no evidence of any foreclosures hitting the market on Zillow or one home. I’m actually in the market for a house in Irving And will be looking at that area closely. Not sure that poster is legit though. We shall see. Right now, inventory is sitting around 276 from condo to mansion. That is for Irving, Texas.

  • @qj8933
    @qj8933 2 หลายเดือนก่อน

    Non judicial States can go to Foreclosure sale in roughly 10-12 weeks after referal barring no state specific pre fc notices. Please know everyone the gloves came off awhile ago and Foreclosures are only increasing. The FHA is still soft in offering Partial Claims over and over again but once someone reaches 30% of their original principal balance in PC's no more....and the only help the lender will offer you is a Mod to a higher interest rate equating to a higher P&I payment.

  • @sterlingpaul3004
    @sterlingpaul3004 3 หลายเดือนก่อน +1

    As I have stated before, 80 percent of the US housing market is 40 to 50 percent overvalued. The cracks are now starting! Buckle up.

  • @stevenshorten6184
    @stevenshorten6184 3 หลายเดือนก่อน +1

    I don't think the market even can crash anymore. Blackstone has 65 billion dollars just waiting to scoop up distressed properties and foreclosed properties. Foreign investors are going to continue to buy the real estate here because it's safer than their own countries.

  • @stick7646
    @stick7646 3 หลายเดือนก่อน

    I'm not seeing anywhere near 900 houses for sale period, nevermind 900 foreclosures in Irving. The prices are not below market. Foreclosures haven't been the deal they used to be for years.

  • @colemanjr
    @colemanjr 3 หลายเดือนก่อน

    hey, there guys, I know you two are mostly in single-family homes, but if you have ANY info on this Realpage problem it would be greatly appreciated. I trust you two more in this whole Real Estate situation than anyone else in the industry.

  • @REWatchman
    @REWatchman 3 หลายเดือนก่อน +2

    Great video! I saw that tweet as well and interested to see the story develop further

  • @syrleneclarke1299
    @syrleneclarke1299 3 หลายเดือนก่อน +1

    I smile . As in England the government did this and it worked. These homes/houses was for the unaffordable people that was poor, single parents with kids etc. and they are still doing it. My family were renting but it was affordable. Now we brought that home as a discount. They helped us. The government here are bleeding the poor dry. It's sad. Thanks again for your info

  • @lawrencesmith9059
    @lawrencesmith9059 2 หลายเดือนก่อน

    There is a great analysis of BREIT that shows they are paying out more than they are making. We need to elect Trump and hope that he will stop the private equity funds from investing in single family residences.

  • @pearl-n-pink
    @pearl-n-pink 2 หลายเดือนก่อน

    Can you talk more about the empty data center bubble? My husband employer still planning to open more data center and he is working on these projects and teling me his team are growing and hiring. It is in AI platform space. Is it going to burst soon and lose his job?

  • @jermon983
    @jermon983 3 หลายเดือนก่อน

    If you're going to talk with someone about subject-to. Pace is the last guy you should have this conversation with.

  • @Pl-qq4yl
    @Pl-qq4yl 2 หลายเดือนก่อน

    Speaking of insurance , few of my neighbors simply do not have insurance in California , their homes are paid for and they really could not pay the increases we have seen. Now State farm or Farmers are getting out of our State and no one gives anything.

  • @nolo3
    @nolo3 3 หลายเดือนก่อน +2

    Hell of a discussion!

  • @samanthasnider5513
    @samanthasnider5513 3 หลายเดือนก่อน

    I wonder if that’s a build to rent neighborhood OR a small builder in an area where a company was preparing to build a facility and then changed their mind. There’s a lot of that happening too.

  • @deborahilyia1125
    @deborahilyia1125 3 หลายเดือนก่อน +2

    I love Melody for telling the truth! Thank you!

  • @mufakkas9731
    @mufakkas9731 3 หลายเดือนก่อน +1

    Perfect. For me as a quant, your information is phenomenally useful for explanations and early insights. Need to replay, but that just means im not studying something i already know.

  • @609collector
    @609collector 2 หลายเดือนก่อน

    There are people on instagram who tell people to use FHA loans to buy properties. Then live there for 1 year and rent it out and do it again.

  • @divinediva6320
    @divinediva6320 3 หลายเดือนก่อน +1

    The investors are trying to sell apartment buildings that are half empty!!!!

  • @lawrencesmith9059
    @lawrencesmith9059 2 หลายเดือนก่อน

    In china the local governments are not able to buy enough houses to paper it over, same thing here.
    Debt is fine if you use it to create value, but that is not the same as borrowing too much money to consume

  • @hannahlynne5522
    @hannahlynne5522 3 หลายเดือนก่อน +1

    I live in a destination town in New England (rural)....during the last 2 years, people sold their homes, and a high percentage of those are now Airbnb's. Two years later, I am seeing some of these back on the market. The area is saturated with Airbnb's.

    • @networth00
      @networth00 3 หลายเดือนก่อน

      Every market is saturated with airbnb.

  • @johnlangley6449
    @johnlangley6449 3 หลายเดือนก่อน +1

    This recession is going to make 2008 look like a Freaking cat walk I am poor and I don’t need

  • @andrear7869
    @andrear7869 3 หลายเดือนก่อน +1

    What’s the link to the TikTok

  • @crushingthepyramid1641
    @crushingthepyramid1641 3 หลายเดือนก่อน +2

    Great info guys!!!!!!!!!!!

  • @Pl-qq4yl
    @Pl-qq4yl 2 หลายเดือนก่อน

    Nice to see you Travis after a while, my two cents: real estate is a cycle and always will be unless there is a change in our economic system,

  • @LJ81824
    @LJ81824 3 หลายเดือนก่อน

    Let’s “Game Stop” RE. Don’t buy 2025.

  • @raymond_sycamore
    @raymond_sycamore 3 หลายเดือนก่อน +2

    Thank you Melody!

  • @CrashBr0
    @CrashBr0 3 หลายเดือนก่อน +1

    I can't wait to buy from the Government. Waiting sucks.

  • @lockup6104
    @lockup6104 3 หลายเดือนก่อน +1

    Mahalo to you and Melody. Power stream 🤙🏽🌴🇺🇸🍍👍🏽

  • @cscott0722
    @cscott0722 3 หลายเดือนก่อน +1

    Local real appraiser here, great information and love your show!

  • @dustinhartlyn
    @dustinhartlyn 3 หลายเดือนก่อน +2

    Thanks!

  • @NormaLeon-v1p
    @NormaLeon-v1p 3 หลายเดือนก่อน

    Thanks for everything you do God bless you

  • @Willfully_Ignorant
    @Willfully_Ignorant 2 หลายเดือนก่อน

    How many years has this guy been claiming a housing crash is right around the corner for now? 3+ years at this point? At what point do people just stop listening and do their own research? Financial TH-camrs are a meme at this point. Pathetic.

    • @realestatemindset
      @realestatemindset  2 หลายเดือนก่อน

      Just take a nap. The grown-ups got this.