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.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
Personally, I can connect to that. When I began working with a fiduciary financial counsellor, my advantages were certain. I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2021 this time with guidance Long story short, its been 2years now and I’ve gained over $860k following guidance from my investment adviser.
@@Rachadrian That's quite incredible! My p0rtfolio has been performing poorly and i've lost a significant amount of money, therefore I could really use their advice. Who is the advisor?
Annette Christine Conte is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Exactly people fall to hard for the mortgage debt slave trap. Go to school get a degree 150k debt. Buy a house 500k debt. Start a family with two cars 100k in debt. Get credit cards to keep up with the Jones’s another 100k in debt. After you are all in on their trap, you are officially a slave to their system.
The housing market is inflated and oversaturated with homes being on the market with astronomical price tags just stagnant for months. It is very clear that our generation will be likely one of the most devastating bubble pops in modern history. Seeking best possible ways to grow 250k into $1m+ and get a good house for retirement, I'm 54.
Safest approach i feel to go about it is to diversify investments. By spreading investments across different asset classes, like gold, silver, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
I’m closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in over 80% profit than some of my peers who have been investing for many years. Maybe you should consider this too
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Sophia Maurine Lanting” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
The biggest lesson I learned in 2023 about the stock market is that nobody knows what will happen next, so practice some humility and low a strategy with a long-term edge.
Nobody knows anything; You need to create your process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
@@TerrencesSheldons Investing in stocks can be a wise decision, especially if you have a dependable trading system that can lead to successful outcomes. I've been working with a financial advisor for about a year now. Starting with less than $200K I'm now just $10,000 away from making half a million in profit.
@@BettinaBischof There are many independent advisors to choose from. But I work with MARGARET MOLLI ALVEY and we've been working together for almost four years and she's fantastic. You could pursue her if she meets your requirements.
I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quiet mediocre neighbourhoods. Then you’ve got Better, average sized homes in nicer neighbourhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
Personally, I can connect to that. When I began working with a fiduciary financial counsellor, my advantages were certain. I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2021 this time with guidance, Long story short, its been 2years now and I’ve gained over a million dollars following guidance from my investment adviser.
This is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
High prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.
It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of investing in the stock market and potentially grow your retirement savings over time.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Stacy Lynn Staples is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I find this informative, curiously explored Stacy on the web, spotted her consulting page, and was able to schedule a call session with her, she shows quite a great deal of expertise from her resume.. very much appreciated
Sorry m8, but its bad advice to say "dont buy a house'. Ill explain: If inflation goes to hyper inflation and the morgage is not indexed to inflation, you will be able to pay off that house in a week. Or a day, at some point. If its indexed to inflation, dont buy now. And if you have free moneys (currency, bc its not real money) to spend, put it into real money. Or land. Eventually the housing market, same as stock or bonds (already happening) will crash. But a house, you can still live in. It will still have value. Ofcourse you cant really predict anything. Bc for instance if the rest stays more or less the same, that house is a good idea, but if half the population dies, bc of wars, famine, plagues and what have you, the demand for houses will be non existant. Then again, if a war destroys more houses than people, its the opposite. Same for G and S (real money). Thats a good investment, but if govs make it illegal to trade or even have, then you cant do much with it. Theyve done it before. Nothing is certain.
@@mikewardrop5962 I dont think they did this in modern times, but sure, a gov (read dictator) can impose any measure at gunpoint. The problem with this one is that its pretty much a certain way to rebellion. Which is already critical when everything comes crumbling down and poverty becomes widespread. But sure, you never know. Thats why it might be best to go for something that keeps most of its value in the long run and that gov cant easily get their hands on.
@@mikewardrop5962 The government would quickly be elected out and replaced by the opposing party if they raised property taxes like this - imagine every single home owner voting against you - including the corporations that own the homes for rent.
@@ToddKepus They exactly do not want people owning things anymore. Most people are still failing to recognize that this economic empire has already peaked. How long it takes to actually collapse, no one can say, but collapse it will, they all do. When the government can no longer afford the military expenditure: do you think they will care if the voters are unhappy? That entire process has been a sham for years already.
Well said and I with you on this. And I believe we will eventually get close to 4.5% interest rates for a quick moment so government can refinance and take out more debt.
Back in 2007, if the lender put a mirror under your nose and it fogged up you were qualified for the loan. Now you can't as much as buy a pair of shoes without being a credit risk. It's much different now.
Governments popping the real estate bubbles is almost like popping themselves. In these nations, real estate goes beyond being an investment like a stock or a bond. It's in some ways the valuation of the country itself.
This is plausible. A lot of demand is boomer demand. Which has ended. Successive generations are different. They are living differently, fewer kids, less marriage, more money spent on experiences and travel rather than kids and houses. Plus things are overvalued, so like Japan in the 90s, the growth isn’t really there. Governments can print money but the real growth isn’t there.
Hahahaha! Experiences? Ooh, I can't wait to be able to spend my money on my expensive groceries. What an experience!!! Most people can't even afford to rent without sacrificing groceries anymore. Can't even start a garden easily, either, cuz even that is expensive. This...sounds .ore aggressive than I mean to, lol. I'm just giggling cuz I can hear all the responses that line up with what I just said. Life is too expensive anymore. It costs $14,000 to $20,000 even to have a baby, lol.
I'm hoping there will be a housing crisis so I can buy cheaply when I sell a few houses in 2025. As a backup plan, I've been thinking about purchasing stocks. What advice do you have for choosing the best buying time? On the one hand, I continue to read and see trading earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?
Investing in real estate and stocks might be a wise choice, particularly if you have a sound trading plan that can get you through profitable days, also employing the service of an advisor would be great
You're not doing anything wrong; you simply lack the expertise necessary to make money in a bad market. In these difficult circumstances, only really skilled experts who witnessed the 2008 financial crisis can expect to generate a large wage.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
Sharon Ann Meny is the licensed advisor I use. Just search the name. You’d find her webpage and necessary details to work with to set up an appointment.
In Australia, you cant withdraw your money without giving the bank 24-48 hours notice, even for amounts e.g. $10,000. I doubt Australian banks will allow a run.
The demand is so high with millennials wanting to buy houses, combined with the lack of supply and bank regulations will not lead to a depression the scale of 1929. We are due to a crash, but 95% stock market and 50% crash, heck no. A lot has changed in 90 years. Yes, FDIC can't cover everything, but it did not exist at in 29 or the prior failures. People compare the upcoming crash to 08 or 29, but people should be looking at the stagflation from the 70s instead, especially if the fed succumbs to cut rates earlier than they should. Yes, yield curve is inverted for a long time, but the issue is heavily bifurcated compared to the universal misery of before. Bond market is soft, but not like you described. There is also already extreme fear in the delta between junk and high quality bonds since they are discounted much more than normal.
@@jbs711 Not really at least in the near term, especially since the USD is the reserve currency. USD has gained against most currencies since covid since debt is held in USD. It could be a problem long term or something replaces the USD as the global currency, but nothing is close atm.
That's because rich are sitting on an average of 2-3 homes. Most housing is now investment property. It's the poor who lose. However a loss of white collar jobs to AI will result in some of the white collar workers sell their homes.
With all the money printed and pumped in the economy how can prices fall? If anything they should have fallen with the high interest rates, in future as interest rates fall, real estate will only go up. And they haven't even fallen with the high interest rates.
@@UnHellTowersyou are wrong because if you don’t want ppl to know what’s really going on around the economy doesn’t mean that others don’t want .and ppl are not making decisions from these kind of videos but gaining knowledge to foresee
Why not to listen to? he is not talking against banks he is explaining how it works . The matter is as i see a lot of comments here are discouraging others to listen. It only can mean that those commentators don’t want ppl to know to understand how economy works
Let’s not forget housing is a hard asset, and potentially a great investment depending on the neighborhood you buy in. There’s always a great deal to be had regardless of general real estate market conditions.
Most houses wont crash in price as they are now mostly owned by the largest landlord in the world - Blackstone. Ufortunately the only houses that may depreciate in price would be home owners needing to sell as they can no longer service their mortgages. Even then the most likey buyer who would price everyone out would be Blackstone
A housing market crash is the BEST time to buy if you're not a seller, or if you're a seller who wants to own the property outright instead of juggling multiple expensive loans. Get it while it's cheap.
Nah , the opening borders. Towns and city used to be empty now apt be free for 5 days . You get worried when you see a sign for rent everywhere and there is no ppl to buy or rentn
The market's been rough lately, and with inflation, rising interest rates, and the potential for a longer downturn, it's hard to feel confident. I’ve seen some of my stocks take a nosedive, but I’m curious how a value investor should approach this. Should I be looking for opportunities or staying on the sidelines? Also, with Bitcoin on the rise, do you think it could be a safe bet alongside stocks, or is it too risky right now?
I agree. Even with great opportunities, we should proceed cautiously. Seeking market analysis or advice from certified market strategists is important.
Milton Friedman was never a member or chairman of the federal reserve. He did serve on an advisory committee on statistics in 1974. The 3 examples of crisis discussed happened for entirely different reasons. Instead of fearing an economic crisis, view it as opportunity.
This man is correct prices will drop 90 to 99% million dollar homes will be selling for less than $100 just be patient and wait long enough and you will be able to get homes for almost free
Housing market is not going to crash. Many people are locked in at low interest rates and payments are very affordable. Those that are locked in at low rates are not going anywhere and that will continue to drive the market because of low inventory. Also, the job market and economy is still very strong.
Unfortunately, some folks got those super low rates on an ARM.....adjustable rate mortgages GO UP over time = people cannot afford the increase + the increased insurance costs and property taxes. Houses are OVERVALUED and what goes up MUST come down.
I disagree with your assessment. You’re comparing the current interest rates banks are offering with bonds they purchased in the past. Instead, you should compare the rates banks are currently offering with the bonds they’re buying now. Many large banks are still paying close to 0% interest to depositors, and people are hesitant to move their money from big banks due to concerns about the stability of smaller banks. This puts banks in a stronger position than you suggest. It seems you might be new to the finance sector.
To sell a bond getting .5% you sell it at a DISCOUNT or $1000 bond will be sold for $950, $925 or even $900! Not Good. To make up your loss you need to loan that $900 at High Interest! The Bank becomes a Loan Shark or a Hard Money Lender
He thinks banks just hang on to every bond they have forever but this is not the case and the banks churn their portfolios. You may be surprised to hear that these huge banks are smarter than this guy would have you think. Sure some banks screwed up. The period was one of the most challenging in decades. Look at how banks cleaned up back when interest rates were falling in the 90s. When that is the case the banks can loan money for far less than they are paying for it.
why no one talk about food industry crash, employment crash, or bank and wall street crash? House crash is just someone's hope and unlikely to happen, and if you do like to see crash, I expect to see economic crash before house crash. House price inflation is just part of the "broken" system. If house crashed, the economicis going to crash first. Doesn't Matter how fancy your theory is.
This is something like part oversimplification and part misunderstanding. So where is he going with this, He must want you to do something that is not actually well advised.
This is not the same as 2007, not even close! Majority in 2007 were under water and had to short close or foreclose due to NINJA loans. Today majority have equity in their property, there won’t be a housing crash. If anything, it’ll be a car crash due to all the upside down loans on cars today. On average, car loans are upside down $30k! Meaning on average people owe the bank $30k more than the is worth!
Haven’t you heard? History doesn’t repeat but it often rhymes… The borrowers had good credit because of the inflated credit scores via stimulus checks and loan forbearance, so they still got loans. Also, the argument that the price is so high they could just sell matters until they all get the same idea at once…
@ I know history rhymes, but it’s not the housing bubble that’s going to pop, it’s the car bubble. The vehicles are as much as a house now! There’s too many people with $30k+ upside down on their cars. Which means if a crash were to happen today, all those people will be short selling their trucks pennies on the dollar just to eat food, whereas people with equity on their house, can sell it and have plenty of money left over. Bubbles changes, Great Depression was from stock, not houses. Dot com bubble was from online businesses, not houses. Not every cycle is houses. The first known crash was form tulips. You have to see where the over blown bubble is coming from to see what’s the next crash. With many people being upside down on their vehicles, they can no longer trade it in to get the next one. That was the majority of the new car sales. Now that’s gone. If auto industry can’t sell cars, then layoffs will happen. When that happens then that’ll start the ripple effect on people not buying products that they used to and those industry will have to start their layoffs, so on and so forth.
Try renting, you have criminals next door, owners raise your rent every year without any improvements..rent was already high for a 1 bedroom, no thanks..been there done that
New home prices will NOT go down... Inflation for construction materials went up anywhere from 100% to 400%.. I know... I'm a high end custom home builder.... Prices are here to stay, plus, go up and will become a sellers market as there is a shortage of homes for buyers... Not a fan for how expensive that everything has become... I blame Covid, Pandemic, Biden and Harris... That's a FACT... !!!!
2025, the final stages of Leninist regimes offer a distinct chance for us to devise a comprehensive strategy; by developing a solid plan, we can reclaim the properties and lands lost during the Global Financial Crisis and the pandemic. This pivotal moment allows us to shift the narrative and lay the groundwork for a future that is fairer and more just for all.
I’m selling my house in va and will have 100k to play with, i was going. To buy a house but what do ya’ll think? Bad idea? I was thinking it’s good to buy when the prices are low, but it sounds like the dip is just beginning
Your logic is flawed. The only way for the government to service. Our current national debt is with hyper inflation. Deflation would result in a massive depression so if anything prices will go up and continue to do so until everything is totally unfordable. We are at the precipice right now, where just the interest payments on the national debt will exceeded incoming taxes
Houses shouldnt be "investments" to profit from. Housing is a necessity for people, the greedy should stop exploiting. Greedy investors cause so much suffering and hardship for hardworking taxpayers.
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.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
Personally, I can connect to that. When I began working with a fiduciary financial counsellor, my advantages were certain. I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2021 this time with guidance Long story short, its been 2years now and I’ve gained over $860k following guidance from my investment adviser.
@@Rachadrian That's quite incredible! My p0rtfolio has been performing poorly and i've lost a significant amount of money, therefore I could really use their advice. Who is the advisor?
Annette Christine Conte is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
"Retirement isn’t an end goal, but a journey best secured by careful and consistent investments."
Well said! Retirement is the reward of disciplined investing over the long term, not just a destination.
That's a great point! Finding a reliable financial adviser would be essential for me to ensure my retirement plans are well-structured.
I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you
well said
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I am on her website doing my due diligence. She seems proficient. I wrote her an email and scheduled a phone call. Thanks for sharing
Duck these prices. A home is anything you can sleep comfortably in. Not a slave sentence.
Exactly people fall to hard for the mortgage debt slave trap. Go to school get a degree 150k debt. Buy a house 500k debt. Start a family with two cars 100k in debt. Get credit cards to keep up with the Jones’s another 100k in debt.
After you are all in on their trap, you are officially a slave to their system.
Actual facts!!!!!
The housing market is inflated and oversaturated with homes being on the market with astronomical price tags just stagnant for months. It is very clear that our generation will be likely one of the most devastating bubble pops in modern history. Seeking best possible ways to grow 250k into $1m+ and get a good house for retirement, I'm 54.
Safest approach i feel to go about it is to diversify investments. By spreading investments across different asset classes, like gold, silver, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
I’m closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in over 80% profit than some of my peers who have been investing for many years. Maybe you should consider this too
I've been considering getting one, but haven't been proactive about it. Can you recommend your advisor? I could really use some assistance.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Sophia Maurine Lanting” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing
The biggest lesson I learned in 2023 about the stock market is that nobody knows what will happen next, so practice some humility and low a strategy with a long-term edge.
Nobody knows anything; You need to create your process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
@@TerrencesSheldons Investing in stocks can be a wise decision, especially if you have a dependable trading system that can lead to successful outcomes. I've been working with a financial advisor for about a year now. Starting with less than $200K I'm now just $10,000 away from making half a million in profit.
@@JoeWilmoth-k2w Could you kindly elaborate on the advisor's background and qualifications?
@@BettinaBischof There are many independent advisors to choose from. But I work with MARGARET MOLLI ALVEY and we've been working together for almost four years and she's fantastic. You could pursue her if she meets your requirements.
@@JoeWilmoth-k2w Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible.
This guys knows banking and finance and his analysis is sound. The shit is gonna hit the fan soon.
He said Milton Friedman was a Fed chair. He most assuredly does not know what he is talking about.
😂
I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quiet mediocre neighbourhoods. Then you’ve got Better, average sized homes in nicer neighbourhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
Personally, I can connect to that. When I began working with a fiduciary financial counsellor, my advantages were certain. I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2021 this time with guidance, Long story short, its been 2years now and I’ve gained over a million dollars following guidance from my investment adviser.
This is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
High prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.
It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of investing in the stock market and potentially grow your retirement savings over time.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
hi, I have actually thought about this but the risks have always put me off. please, who is your adviser?? like a really good one
Stacy Lynn Staples is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I find this informative, curiously explored Stacy on the web, spotted her consulting page, and was able to schedule a call session with her, she shows quite a great deal of expertise from her resume.. very much appreciated
Sorry m8, but its bad advice to say "dont buy a house'. Ill explain:
If inflation goes to hyper inflation and the morgage is not indexed to inflation, you will be able to pay off that house in a week. Or a day, at some point.
If its indexed to inflation, dont buy now.
And if you have free moneys (currency, bc its not real money) to spend, put it into real money. Or land.
Eventually the housing market, same as stock or bonds (already happening) will crash. But a house, you can still live in. It will still have value. Ofcourse you cant really predict anything. Bc for instance if the rest stays more or less the same, that house is a good idea, but if half the population dies, bc of wars, famine, plagues and what have you, the demand for houses will be non existant. Then again, if a war destroys more houses than people, its the opposite.
Same for G and S (real money). Thats a good investment, but if govs make it illegal to trade or even have, then you cant do much with it. Theyve done it before.
Nothing is certain.
Don't forget to consider that the government can also raise property taxes to unaffordable levels where you lose the house to taxman's friend...
@@mikewardrop5962 I dont think they did this in modern times, but sure, a gov (read dictator) can impose any measure at gunpoint.
The problem with this one is that its pretty much a certain way to rebellion. Which is already critical when everything comes crumbling down and poverty becomes widespread.
But sure, you never know. Thats why it might be best to go for something that keeps most of its value in the long run and that gov cant easily get their hands on.
@@mikewardrop5962 The government would quickly be elected out and replaced by the opposing party if they raised property taxes like this - imagine every single home owner voting against you - including the corporations that own the homes for rent.
@@ToddKepus They exactly do not want people owning things anymore. Most people are still failing to recognize that this economic empire has already peaked. How long it takes to actually collapse, no one can say, but collapse it will, they all do.
When the government can no longer afford the military expenditure: do you think they will care if the voters are unhappy? That entire process has been a sham for years already.
Well said and I with you on this. And I believe we will eventually get close to 4.5% interest rates for a quick moment so government can refinance and take out more debt.
Back in 2007, if the lender put a mirror under your nose and it fogged up you were qualified for the loan. Now you can't as much as buy a pair of shoes without being a credit risk. It's much different now.
Doubt it. Everything is inflated . People try to make it harder than it is. Homes will be a lot more in another decade too
Governments popping the real estate bubbles is almost like popping themselves. In these nations, real estate goes beyond being an investment like a stock or a bond. It's in some ways the valuation of the country itself.
Based on what I've heard from another source this is accurate. Now is not a good time to buy large-ticket items, like a house.
This is plausible. A lot of demand is boomer demand. Which has ended. Successive generations are different. They are living differently, fewer kids, less marriage, more money spent on experiences and travel rather than kids and houses. Plus things are overvalued, so like Japan in the 90s, the growth isn’t really there. Governments can print money but the real growth isn’t there.
Hahahaha! Experiences? Ooh, I can't wait to be able to spend my money on my expensive groceries. What an experience!!!
Most people can't even afford to rent without sacrificing groceries anymore. Can't even start a garden easily, either, cuz even that is expensive.
This...sounds .ore aggressive than I mean to, lol. I'm just giggling cuz I can hear all the responses that line up with what I just said. Life is too expensive anymore. It costs $14,000 to $20,000 even to have a baby, lol.
Folks are also forgetting about homeowners insurance, and property taxes are skyrocketing. You basically are making a second mortgage payment.
The market is overvalued. Look at the stock market growth vs money printed. The market is overvalued and housing is overvalued alongside the market.
I feel there should have been a market correction somewhere...
I'm hoping there will be a housing crisis so I can buy cheaply when I sell a few houses in 2025. As a backup plan, I've been thinking about purchasing stocks. What advice do you have for choosing the best buying time? On the one hand, I continue to read and see trading earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?
Investing in real estate and stocks might be a wise choice, particularly if you have a sound trading plan that can get you through profitable days, also employing the service of an advisor would be great
You're not doing anything wrong; you simply lack the expertise necessary to make money in a bad market. In these difficult circumstances, only really skilled experts who witnessed the 2008 financial crisis can expect to generate a large wage.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
Sharon Ann Meny is the licensed advisor I use. Just search the name. You’d find her webpage and necessary details to work with to set up an appointment.
Thank you for the recommendation. I'll send her an email, and I hope I'm able to reach her.
I didn't want to click but I'm glad I did. Great content put in simple explanation. Thank you
In Australia, you cant withdraw your money without giving the bank 24-48 hours notice, even for amounts e.g. $10,000. I doubt Australian banks will allow a run.
The demand is so high with millennials wanting to buy houses, combined with the lack of supply and bank regulations will not lead to a depression the scale of 1929. We are due to a crash, but 95% stock market and 50% crash, heck no. A lot has changed in 90 years. Yes, FDIC can't cover everything, but it did not exist at in 29 or the prior failures. People compare the upcoming crash to 08 or 29, but people should be looking at the stagflation from the 70s instead, especially if the fed succumbs to cut rates earlier than they should. Yes, yield curve is inverted for a long time, but the issue is heavily bifurcated compared to the universal misery of before. Bond market is soft, but not like you described. There is also already extreme fear in the delta between junk and high quality bonds since they are discounted much more than normal.
Good comment, but what do you think of, "the bigger than ever", US National Debt? Is it not going to cause big problems in the future?
@@jbs711 Not really at least in the near term, especially since the USD is the reserve currency. USD has gained against most currencies since covid since debt is held in USD. It could be a problem long term or something replaces the USD as the global currency, but nothing is close atm.
That's because rich are sitting on an average of 2-3 homes. Most housing is now investment property. It's the poor who lose. However a loss of white collar jobs to AI will result in some of the white collar workers sell their homes.
Also when stock market picks up, house is bad investment..mostly for the conservative investors
There's a shortage of millions and millions of houses even in 2019
The FED does not control the 10yr UST, they only control the FFR.
Interested rates will decrease. Cheap money will be available and private equity firms will purchase more homes. The American dream is just a dream.
It’s cheaper to rent a house than buy it… doesn’t make sense who are buying the homes
That depends on where you live
With all the money printed and pumped in the economy how can prices fall? If anything they should have fallen with the high interest rates, in future as interest rates fall, real estate will only go up. And they haven't even fallen with the high interest rates.
Buy Gold .
@@PatrickLam-w2i Unless they make it illegal to own gold again...
Think about how many times that money gets taxed during transactions... It's about 3 transactions before the principle is taxed away.....
Your title is guess work ONLY. No one knows that.
"Guess work"
Oh my man you really are clueless about what is going on outside of the us.
Everyone knows it
Be proactive
And ppl actually believe these videos. and make decisions based on these misleading videos... craziness
@@UnHellTowersyou are wrong because if you don’t want ppl to know what’s really going on around the economy doesn’t mean that others don’t want .and ppl are not making decisions from these kind of videos but gaining knowledge to foresee
Homes are high now and it’s hard to get a home mortgage. Rates just started to come down.
The section on regulatory challenges was eye-opening.
AMAZING INFORMATION🔥
Dooms and gloom...... depends where you live........ it's a bull market until it's not don't listen to this guy
If you compare retail sales to where the stock market is there is a huge gap.
But regardless you will lose so 🤷
Why not to listen to? he is not talking against banks he is explaining how it works . The matter is as i see a lot of comments here are discouraging others to listen. It only can mean that those commentators don’t want ppl to know to understand how economy works
The banking system failed Feb 2023 , the FED printed half a trillion ,problem solved.
Very informative. Learned very little about the "worse than 2008" prediction.
What if I buy a house with cash?
No interest payments, no mortgage payments, no extra fees
Smart thinking and an excellent choice!
Keep hearing don’t buy fir the last 7 years for housing and stock market and everything blew up lol
Eventually they'll be right. It might take twenty years though.😂
"This time is different" haha. But the truth is, each time IS different
As a man who took a look, love you brother) good info
Let’s not forget housing is a hard asset, and potentially a great investment depending on the neighborhood you buy in. There’s always a great deal to be had regardless of general real estate market conditions.
Where is the “list” of 400 banks that are on the verge of collapse? Where are you getting your information?!
I would love to fact check this info.
Most houses wont crash in price as they are now mostly owned by the largest landlord in the world - Blackstone. Ufortunately the only houses that may depreciate in price would be home owners needing to sell as they can no longer service their mortgages. Even then the most likey buyer who would price everyone out would be Blackstone
Y'all have been say this for 9 years......and still nothing.
It’s just like a bad marriage; the seeds of failure are often planted years before it ‘suddenly’ erupts.
Thank you for the video, this is very educative.
dont forget that Fed rates and rates available in the marketplace for loans are not the same. can act quite differently.
There is nothing hinting to that kind of a crash yet, if you buy low and sell high, it won't matter either way!
A housing market crash is the BEST time to buy if you're not a seller, or if you're a seller who wants to own the property outright instead of juggling multiple expensive loans. Get it while it's cheap.
Nah , the opening borders. Towns and city used to be empty now apt be free for 5 days . You get worried when you see a sign for rent everywhere and there is no ppl to buy or rentn
The market's been rough lately, and with inflation, rising interest rates, and the potential for a longer downturn, it's hard to feel confident. I’ve seen some of my stocks take a nosedive, but I’m curious how a value investor should approach this. Should I be looking for opportunities or staying on the sidelines? Also, with Bitcoin on the rise, do you think it could be a safe bet alongside stocks, or is it too risky right now?
I agree. Even with great opportunities, we should proceed cautiously. Seeking market analysis or advice from certified market strategists is important.
That’s why we don’t call 2008 a house crisis. It is called the GFC aka the Global Financial Crisis
Same story for the last 10+ years. Real estate crash! The fact is the government will not let banks fail.
Did he talk about home prices? Maybe I missed it
THE QUESTION IS WETHER OR NOT TO BUY INVESTMENT PROPERTYS NOW OR DURING THE RECESSION
Great video explains a lot of what’s really going on
Milton Friedman was never a member or chairman of the federal reserve. He did serve on an advisory committee on statistics in 1974. The 3 examples of crisis discussed happened for entirely different reasons. Instead of fearing an economic crisis, view it as opportunity.
we need to lower prices - property taxes alone are breaking home owners. A depression in price/taxes will bring in responsible government.
Don’t forget the cost of insurance either.
@@netzarim1277 And water, water use charges easly pass 1000 a yr - for most (in my area 3000 easily a yr.
Who made that graph for the preview??
The house went one hundred thousand dollars in just 72 months Is this government on drugs
This man is correct prices will drop 90 to 99% million dollar homes will be selling for less than $100 just be patient and wait long enough and you will be able to get homes for almost free
That would be insane and an economic disaster.
If that happens ill buy a few extra houses and keep my overpriced one as well
Housing market is not going to crash. Many people are locked in at low interest rates and payments are very affordable. Those that are locked in at low rates are not going anywhere and that will continue to drive the market because of low inventory. Also, the job market and economy is still very strong.
Unfortunately, some folks got those super low rates on an ARM.....adjustable rate mortgages GO UP over time = people cannot afford the increase + the increased insurance costs and property taxes.
Houses are OVERVALUED and what goes up MUST come down.
I disagree with your assessment. You’re comparing the current interest rates banks are offering with bonds they purchased in the past. Instead, you should compare the rates banks are currently offering with the bonds they’re buying now. Many large banks are still paying close to 0% interest to depositors, and people are hesitant to move their money from big banks due to concerns about the stability of smaller banks. This puts banks in a stronger position than you suggest. It seems you might be new to the finance sector.
To sell a bond getting .5% you sell it at a DISCOUNT or $1000 bond will be sold for $950, $925 or even $900! Not Good. To make up your loss you need to loan that $900 at High Interest! The Bank becomes a Loan Shark or a Hard Money Lender
Milton Friedman was never chairman of the Fed
What is going to happen in 2029 when the US Govt debt is $46 Trillion and they are unable to service their debt? Will Bonds sold in 2019 be worthless?
He thinks banks just hang on to every bond they have forever but this is not the case and the banks churn their portfolios. You may be surprised to hear that these huge banks are smarter than this guy would have you think. Sure some banks screwed up. The period was one of the most challenging in decades. Look at how banks cleaned up back when interest rates were falling in the 90s. When that is the case the banks can loan money for far less than they are paying for it.
Nice handwriting. Do you draw?
why no one talk about food industry crash, employment crash, or bank and wall street crash? House crash is just someone's hope and unlikely to happen, and if you do like to see crash, I expect to see economic crash before house crash. House price inflation is just part of the "broken" system. If house crashed, the economicis going to crash first. Doesn't Matter how fancy your theory is.
Investment banks are different than Commercial Banks by the way.....?
The moment I read the 8,7 years in the title the video became unserious for me ;)
been hearing this for 5 years now
wells fargo was not a bail out bank but they were forced to take money anyway.
You stated that Milton Friedman was a former Chairman of the Federal Reserve. That is not true..
1:12
Milton Friedman was never the president of the FED...
This is something like part oversimplification and part misunderstanding. So where is he going with this, He must want you to do something that is not actually well advised.
Best investment to buy a house now in the Netherlands 💰💰💰💰
This guy predicts a crash to the .7 decimal 🤡
This is not the same as 2007, not even close! Majority in 2007 were under water and had to short close or foreclose due to NINJA loans. Today majority have equity in their property, there won’t be a housing crash. If anything, it’ll be a car crash due to all the upside down loans on cars today. On average, car loans are upside down $30k! Meaning on average people owe the bank $30k more than the is worth!
Haven’t you heard? History doesn’t repeat but it often rhymes… The borrowers had good credit because of the inflated credit scores via stimulus checks and loan forbearance, so they still got loans. Also, the argument that the price is so high they could just sell matters until they all get the same idea at once…
@ I know history rhymes, but it’s not the housing bubble that’s going to pop, it’s the car bubble. The vehicles are as much as a house now! There’s too many people with $30k+ upside down on their cars. Which means if a crash were to happen today, all those people will be short selling their trucks pennies on the dollar just to eat food, whereas people with equity on their house, can sell it and have plenty of money left over. Bubbles changes, Great Depression was from stock, not houses. Dot com bubble was from online businesses, not houses. Not every cycle is houses. The first known crash was form tulips. You have to see where the over blown bubble is coming from to see what’s the next crash. With many people being upside down on their vehicles, they can no longer trade it in to get the next one. That was the majority of the new car sales. Now that’s gone. If auto industry can’t sell cars, then layoffs will happen. When that happens then that’ll start the ripple effect on people not buying products that they used to and those industry will have to start their layoffs, so on and so forth.
Lower the damn prices of houses!!!
I like the flow charts
Try renting, you have criminals next door, owners raise your rent every year without any improvements..rent was already high for a 1 bedroom, no thanks..been there done that
New home prices will NOT go down... Inflation for construction materials went up anywhere from 100% to 400%.. I know... I'm a high end custom home builder.... Prices are here to stay, plus, go up and will become a sellers market as there is a shortage of homes for buyers... Not a fan for how expensive that everything has become... I blame Covid, Pandemic, Biden and Harris... That's a FACT... !!!!
ok. But i do not think that this will be exacty sama situation.
Everybody around the world is an expert on US economics and Adsense.
They go hand in hand.
People say buy and then other people say dont buy 😂
Many trolls selling scam advisor...
Don’t you wanna buy when the market is down to get the property cheaper?
Predicting a 100x surge for Cortux lately.
2025, the final stages of Leninist regimes offer a distinct chance for us to devise a comprehensive strategy; by developing a solid plan, we can reclaim the properties and lands lost during the Global Financial Crisis and the pandemic. This pivotal moment allows us to shift the narrative and lay the groundwork for a future that is fairer and more just for all.
Dont buy a house in mortgage?
I’m selling my house in va and will have 100k to play with, i was going. To buy a house but what do ya’ll think? Bad idea? I was thinking it’s good to buy when the prices are low, but it sounds like the dip is just beginning
Its nice to make these videos out of your own house
i keep hearing "government bones"
Cortux has 100x potential after its Binance listing. Mark my words.
13:30 6% of a 1000$ is 60$
ITS NOT COMING ITS HAPPENING NOW 😩
Idk, i bought a ranch in socal below msrket value. It's a fixer but I'm saving 400k! Selling myv tiny home now at inflated price. Win win
I’m thinking about buying soon but idk😊
Bro you are speculating? Its when you leverage yourself..
What if it last 8.6 years instead of 8.7 ? 🤔🤨
Your logic is flawed. The only way for the government to service. Our current national debt is with hyper inflation. Deflation would result in a massive depression so if anything prices will go up and continue to do so until everything is totally unfordable. We are at the precipice right now, where just the interest payments on the national debt will exceeded incoming taxes
Houses shouldnt be "investments" to profit from. Housing is a necessity for people, the greedy should stop exploiting. Greedy investors cause so much suffering and hardship for hardworking taxpayers.
You mean "The Panic of 1857."
If there's a housing crash I'll buy all the houses i can get my hands on. Du m dumz
All in on BTC and Cortux, with a small bet on SOL and ADA.
Tariffs didn't help in the Great Depression. Note what's being proposed now.
What goes up mist come down.