Hey everyone could I bug you to share this? TH-cam seems to *ONLY* push my stimulus videos and if you'd like more of this content, your support with likes/shares would be really appreciated!
already shared without you having to ask! thanks for the information hopefully I can afford a house soon within couple years but I wish I could find a good quality responsble husband I'm in my mid twenties and want a kid before 30 my mom couldn't have kids past 30 and almost died giving birth to my little brother at 30. so many men so irresponsible and dont know the concept of caring for women or family now idk where to find the quality family men or women ): so I guess i am most likely going to try to make enough to have scientific babies and live in a house with me and my dog .. not sure where are the most affordable places tho my income are soley from stocks and I do not drive as of now to avoid cost of a car and license expired don't know if I can renew right now?
I just bought my first home! Got a 2.75% interest rate! *For everyone asking its a $247k house in DFW, TX. FHA loan through DHI mortgage. And yes this is a house I plan on paying more towards principle and owning one day not just reselling*
Felipe Barron that’s true, but I would rather take advantage of the low interest rates and not have to pay $1800/month for a 1bedroom apartment anymore and basicallyjust throwing away money.
Was out on unpaid covid-19 quarantine for 3 weeks, barely scraped together my rent this month. Next month it will be ugly. Thank God my landlord is amazing and knows I'm good for it. Good luck to all in these uncertain times❤
Everyone should definitely understand too that results will vary and be very localized. Especially with unemployment hitting certain states harder than others
Localized in terms of the amount of pain but there are middle class home owners near you right now that won't ever be going back to their jobs. Let's get real. Pain will be widespread while it will be worse in certain place.
I'm in low class Ohio neighborhood, house across street sold for $270k. They paid $200 K just 2 years ago. Words can't explain this idiotness. Whats most rediculous is no one looks at what your moving next to and the a--hole across the street.
Lack of inventory in many markets. Low building last decade. Rents never go down. In 2008 a lot of the houses got turned into rentals. Everyone and my mother is waiting for cheaper houses... with millions waiting on the sidelines they’ll buy up any supply and I can’t see houses going down more than 20% in a year. Too much demand of people ready for a deal. Keep waiting and keep praying folks.
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No one should be paying six digits for a house built a hundred years ago with questionable structural integrity, peeling paint, skeleton key locks, and still powered by a fuse box. Crash and burn.
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Many of us do especially when we realize we are paying for our own slavery. UNITED STATES is a CORPORATION. We are under Maritime law. Vatican owns everything. Taxes are just keep people stressed, struggling and pre-occupied. As you may have noticed the government seems to have endless money right now as they usually do for Occupations and Wars.
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I've been a renter. I'm now looking to buy my first house. I'm saving every dollar I can to have a sufficient down payment in ~12-18 months. All these "dangers" are definitely an opportunity for me to actually buy a house. I'm not sure how hard this would hit the DFW area (no state income tax here), but I'll take any advantage I can get.
Usually the opposite happens. Everyone in 2003-2007 thought houses would keep going up and then the prices crashed in 2008 and kept going down until around 2012. This time everyone is waiting for the crash, so the government will print an infinity amount of money and home prices will keep going up. The result will be all the people holding cash and waiting for the market to crash will get wiped out, because the FED will print so much money that the money you have will be worthless.
@@VQAries because there is more money in circulation. Government spending can only happen in 2 ways: through collecting taxes or printing money. When you collect taxes, you take money from one person and give it to another. Therefore, there is the same amount of money in circulation and prices don't increase. When you print money and spend it, now there is more money in circulation and it causes prices to increase. You don't produce anymore goods or services when you print money, you simply make the goods and services available more expensive, because there is more money in circulation.
Finesse Kid the government is not going to print enough money for the middle class or average person to be able “to spend”...money has to be circulating in the real economy for that to work and from the bottom up. We will see a real estate crash that literally makes 08-09 look like nothing. Not enough jobs coming back fast enough... there is just no way prices will increase. It’s down hill from this fall on, for a while.
@@sarahcole7338 its not the middle class person that has the control. When government prints money, it buys up assets in the market, and that money goes to the hands of big institutional investors (like Goldman Sachs, JP Morgan, etc). These institutions then take that money and invest it in the market, which causes asset prices to artificially inflate. Also, because the interest is so low (and will be going lower) it incentivizes people/companies/investors to take on debt to buy assets like houses, which causes the price to increase (because there is more "demand"). Not to mention the mortgage forbearance rule that could last for the next 12 months, and the foreclosures process is going to take forever for the banks in this environment. But hey, if you want to wait it out then go ahead, what do I know.
Finesse Kid there will be a time very very soon for the people who still have money and jobs to buy much lower than now...and THAT will be the time, within in the next six months before bottom when the big investors step in. If anyone buys right now you will lose...wait til Decemberish and trust me that is the time. I was a real estate agent in SoCal during the last downturn...the sweet spot is coming. Buy now and lose....
Take into consideration that Kevin is speaking on West Coast expertise & general US averages. ALSO, certain states political ideologies allow for extended programs to prolong those processes. All situational. On Average, it’s not realistic to evict someone in 3 days.
Kevin been watching your videos for a few months now. Your time frames have changed to a way more realistic outlook. Proud of u. People need the cold hard truth.
Nick Bravo yeah, it’s a nice bonus that we have. He explore the current situation on the market (Monday-Friday), and also he is responding to all your questions regarding stocks and real estate deals. At the end of each of the course page, you will find more info about these daily live streams that I talk about. Hope this helps.
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Sorry, your claims regarding the elimination/pausing of CGT starting at 8:45 into the video don't add up. 1) With CGT, a $100k CG on $500k property in FL will trigger $20K at the most in CGT. If your guy sells at $475K instead of $500k to 'take advantage of no-CGT window , he/she already lost $25k, which is higher. 2) With CGT, a $100k CG on $500k property in CA will trigger $34K at the most in CGT. If your guy similarly sells at $450k instead of $500K, he already lost $50k, which is higher
Definitely depends on the purchase price. In a lot of places housing prices have doubled since 2008, so if you are a long time landlord and held the property for a while, there is quite a bit of gains and the CG exclusion will be very attractive. This is typical of congress (doesn't matter which party is in control) to be passing laws that benefits the rich more. They themselves probably have properties to unload.
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Great video Kevin! There's a lot of "fun" coming up within these next couple of years with the housing market, I'll keep that extra cash on the sidelines just in case!
Kevin' THINK ABOUT THIS... people MUST have a place to stay while we are ALL locked up in our houses, and occasionally going for walks. That has value.
I agree with that logic. If you buy a house and take advantage of these SUPER low rates and keep a roof over your head, then its ok if there is a 5-10% correction. Because you're not planning on going anywhere.
I'm sure there're still wedge deals out there. Whether there are more or less of them probably depends on the area. IMHO most of us are hunkering down, unless you're area is heavily infected (inner cities) in which case people are fleeing and selling. Must wrap my brain around it, 'tis not easy, unless I look at it from a localized veiw point.
Yes that’s what I have a conflict on. Everyone says don’t buy now but I am paying more than 20K a year on rent. Even if the houses go down in value 20K in a year, at least is mine. Who knows if this will actually happens. And what if it takes 3 years? I’ll have paid 60K in rent!!
Good. Housing prices are ridiculous and cost of living with common goods is out of control. The house I rent went up 35k in 8 years and zero absolutely zero was done to it improvement wise. I asked the realtors selling yesterday... How's business, think it will crash? They both said...no it slowed for three weeks but buying is better than ever and prices are rising. I just can't understand it. Maybe I'm just simple minded
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@@Officialerikledezma oh okay! Mine will be owner occupied as well. I'm in California with a 335K price at 3.25% on conventional. I was quoted 2.975% on HFA, but more fees and higher PMI was associated with that. Plus I don't plan on refinancing this place either. I still feel like I could have gotten a lower rate.
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Itz year end n time to thank God for helping us surge n survive through tough trials n tribulations of this year.... We r grateful to have surpassed 2020 successfully by the grace n mercy of higher power.. Pray to see a great 2021.... for world n mankind...!!
The housing rent is inflated! We - Americans can not afford the rent now! The housing cost is so high, Americans can not afford to live when the jobs are not there and don't pay enough! Get real!
If you signed a lease, it is too late to say that you can't afford it. Why? Because you signed. If people sign leases, it means that they think they can afford it so it is supply-demand. If nobody signed up for renting, the price would have dropped down. If you can't afford housing, move to a place with affordable housing. North Dakota is still hiring.
Nsbioy- yup. I'm in an open state, and wonder how the world looks in a closed one. I moved years ago to a cheaper, less regulated state. I was broke then, rented a crappy apartment, within a year owned a house with 2 cars (paid for, cars not house). It CAN be done, but people have to make hard decisions they don't want to make.
@@a105-t5m of course. I am in North Dakota even though our income would allow us to comfortably live elsewhere. ND is great, but housing is not exactly cheap and, while the state is pretty lenient with a bunch of things, individual towns have regulations. Thankfully no HOA lol.
@@nsbioy The contracts are signed based on assumptions, which may or may not pan out. On its face, it's actually a pretty stupid system. In any event, the lessees should just avail themselves of whatever favorable laws exist to break or renegotiate the terms of the contract-since we're all just doing hyper-short-term focused business. Of course, this only works when done en masse and we all know the mass is too stupid to do that. (lol)
@@elac1256 nobody has the crystal ball, which is why contracts are legally binding AND breaking of a contract carries legal consequences usually stipulated in the fine print. "I lost the income" is not a good reason to get out of a contract unless the government intervene. You are right about this being, shall we say, an imperfect system.
Pretty simple explanation. Families moving from cities to suburbs as they need more room for working from home and for homeschooling. NY city reports that the June rental numbers were brutal. Will know how bad in September when annual rental agreements are up.
You forgot Danger #4, caused by inflation which forces the FED to increase rates, prior to your estimated date of this potentially occurring. In this situation, the opposite of the 10x rule would apply.
Inflation from the constant money printing might not be as large of an issue as they were probably already looking at a deflationary period pre-stimuli
According to an article on Bloomberg.com and awaiting formal comment by Powell... “The Fed will not just emphasize actual inflation over forecasted inflation, but will also attempt to push the inflate rate above its 2% target. It’s a whole new ballgame.”
Daniel Song - the FED isn’t printing money yet... they are still borrowing from investors. We will FEEL when the FED actually starts printing. Trust. Rates will fluctuate drastically, as investors would want a better return.
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I live in South Florida where there is an inventory shortage of housing. This is causing many homes to sell for more than they should. This is driven by retired people moving from the nonsense up north. My home just sold for 15k over asking because of a bidding war from 6 different people wanting the same home, all of whom were retired. This was within TWO days of listing the home. I would imagine this scenario is playing out a lot on the east coast.
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This is exactly what I needed to see as I am currently in the process of buying a new home. Or maybe it’s something I shouldn’t see? :( Another excellent video, Kevin!
Dear Millenial, you'd be the first in history to accurately predict any market but thx for the analysis. REI, is not that complicated as it is ALL about cash flow, reserves & access to cheap capital fast when needed.
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Uggh I regret buying my condo....I bought it Sept 2019.....I mean there’s no way I could’ve predicted a freaking pandemic crashing the housing market. Ahh well at least I have a roof over my head and I’m still employed....
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Paul Clinton This is ultimately true! In rephrasing: let’s say I’m 63, looking for the last home I’ll be living in as long as I can care for myself & have control!
I have watched several of your videos BUT after watching THIS video I subbed! This is EXCELLENT information about the numbers in the housing market and how they work. PRICELESS information on predicting the market! Thanks Kevin, I learned MUCH that I never knew in this video!
Low supply and many folks from NYC are buying them up, only increasing prices. CT won't get hit nearly as bad as someplace like NY or CA. Hopefully I'm wrong though!
@@buzzinbee9463 truth hurts. They voted for De Blasio twice and the city is in worse state than when Dinkins was mayor. They come to NJ and bitch about there not being enough Starbucks, or protests, train lines, buses. We dont want or need that. Then they don't stop with "when I lived in the city.....", who cares. Go back to being a strap hanger with your nosed shoved up the next MTA rider's arm pit. You thought it was a good idea pre-Covid.
Just bought a house. Waited long enough. Rate at 2.375% at 15 years w only 3% down. How can I not?? As our money is becoming worth less and less, it’s essentially interest free loan
I like the overall video. A bit counter intuitive though because you said buyers are over paying for homes but then if there is a capital gains exclusion, sellers will sell at a discount. I don’t think any savey seller will take a discount on their home when they know people are over paying, capital gains or not.
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Rising interest rates? (Nearly) Everbody is overleveraged with tons of debts, especially goverment with over 26 trillion dollars, so no one can afford rising interest rates; actually I expect negative rates.
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When inflation start to pick up the only counter to it is raising interest rate and they will do it because hyperinlfation is the death of an entire economy/country.
I liked your video on all 3 of my youtube accounts lol!! Im not sure how I feel about your background though. I feel like a kid reading an "iSpy with my little eye" book trying to figure out what all the random stuff is, and then I have to keep replaying what you said cuz I was distracted! LOL!
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14 days here a sheriff comes to the house and forces you off the property after 30 days so that's 45 days and ur out and your shi*s on the side of the road or in a trailer. Welcome to Kentucky!
@@id10t98 I have never voted for this crooked joke for a person. Mitch the twitch Seems to rich to be Kentuckian o wait that's right he takes bribes I'm sure.I know a old guy here that grew up with Mitch and said hes a smart as* and has been know to take for him self and screw others in the process.
Thanks for the video, still learning a lot. Will make a push for a 2nd home as soon as I’m out of debt. Your forbearance advice helped a lot. And now every $5 of extra money is going to increase our household cash flow.
My opinion is yes. Rates are historically low, and they only have 1 direction to go and that is up. Everybody is saying in the comments that the market is going to crash. I anticipate a correction at most, not a crash,
What your forgetting is landlords have been evicting since April, the latest estimate is 28 million could be made homeless, which leads to landlord foreclosures which leads to another crash
Everything is not ok. Kevin is being optimistic and is using past trends to predict future events. What we are witnessing right now is unprecedented and truly frightening.
Well a couple of vids ago he said housing market will remain stable. His data? From RE websites that will continue with the narrative that everything will be okay despite what is “obviously” happening around the globe. This guy is no analyst, he is a turd that is part of the problem that drove housing prices to unimaginable numbers, and now he has a following in soc med that some people might even believe whatever he says.
@@bencastro921 I have to agree with you. People like Kevin are absolutely part of the problem. With that said, I wouldn't call him a turd. He's at best a criminal opportunist🤣
The other thing is if property taxes go up, like they are in many cities, that will limit house prices as well because the monthly payment will be higher for non cash purchases. I think there is trouble ahead.
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Re: Moving funds to stocks to grow capital in preparation to jump on RE deals. I hate relying on low interest savings accounts too but wouldn't it be wise to keep most of your $ on the sideline given that short a time horizon and the potential volatility in the market?
The markets are going to be volatile until there is a treatment or vaccine for the coronavirus. If people don't feel safe going out to buy things they won't buy things.
Kevin (or anyone who knows) - Why is it called a "crash" when it appears that sellers or landlords will be making money? Can you sell your home if you are in forbearance or foreclosure? Homeowners who own their own homes will have 1 - 3 year forbearance or foreclosure timeframes, so they are in no rush and can save $$. This "crash" doesn't seem to favor buyers or renters. I had a totally different idea of what "housing crash" meant from what happened in '08. Thanks.
NC here, I live in a rural county and half of the homes (3 bed 2 bath) cost about 150,000 to make but sell for 289,000 and up. My county is on the boarder of Charlotte and the price of homes have climbed.
I’m 31, finally saved 1 million from my salary as I live with parents and I live in SF, so I tend to have a higher salary. I’m ready to buy my first house in all cash, but after listening to this, I might rethink my plan
Same here I have around the same . But I’ll wait .. I was so excited about moving to Texas now I’m reconsidering everything my money is parked in a high yield
Move out of California! Plenty of cities where you can get a four bedroom house in an excellent neighborhood for 300k. Keep 700k to invest and soon you will have the passive income lifestyle
I really hope housing prices come down. I don't appreciate californians coming over to Texas and pumping up our houses price, then we have to pay more property taxes.
Lol the same thing happened in California everybody and their mother moved here and jacked up the prices that's why they are moving to texas so I know exactly how you feel.
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You’re whole background setting makes me think that u are uploading old videos from last Christmas 🎄 even though they’re current,lol. For some it may discourage them to skip thinking it’s old video. 🤔
Thank you, this is what I have been hoping for, but I felt it was a wish and a prayer. This video puts logical explanation to what I feel is likely to happen.
i just want to buy my first house. i'll be 40 in a few months and i'm so tired of renting. the housing market in phoenix is super overpriced and inventory is really low. this crash better happen soon!
I'm in Phx as well. I agree that things are SUPER overheated around here lately but dont wait forever expecting a crash. People are migrating here at such a high pace that the prices could potentially be driven up like this for many more years. You don't want to get priced out of your neighborhood.
@@Real.Estate.Report oh, i know that for sure. we actually fled california to come here ion 2012. that's when we should've bought, but when we made the leap, we had no jobs/safety network, and no assets, so as we've been increasing our buying power, the prices have outpaced us each year. if they could simply fall back a little bit, i'd be ok with that. our lease is up in feb, so i'm expecting some opportunity at that time. unfortunately, my job is in north scottsdale and my wife's is in tempe, so considering cheaper parts of the valley aren't realistic. i'd like to get in around mesa, but it's not looking too good right now.
@@brettrobertleasure My name is Chad Everhart and I'm a realtor in Phoenix and would love to help you once you and your wife are ready to start looking. Please email me at chadeverhartsellsaz@gmail.com and I can set you up a MLS portal so you have access to homes on the market in real time. Hope to be hearing from you soon!
![Why the Market CRASHED Today | Meet Kevin Report [Jan 7].](http://i.ytimg.com/vi/95lS_jVJkgU/mqdefault.jpg)
![Why the Market CRASHED Today | Meet Kevin Report [Jan 7].](/img/tr.png)
Hey everyone could I bug you to share this? TH-cam seems to *ONLY* push my stimulus videos and if you'd like more of this content, your support with likes/shares would be really appreciated!
already shared without you having to ask! thanks for the information hopefully I can afford a house soon within couple years but I wish I could find a good quality responsble husband I'm in my mid twenties and want a kid before 30 my mom couldn't have kids past 30 and almost died giving birth to my little brother at 30. so many men so irresponsible and dont know the concept of caring for women or family now idk where to find the quality family men or women ): so I guess i am most likely going to try to make enough to have scientific babies and live in a house with me and my dog .. not sure where are the most affordable places tho my income are soley from stocks and I do not drive as of now to avoid cost of a car and license expired don't know if I can renew right now?
Done! Shared
Done!
It’s been nice to have your videos throughout this pandemic. Overall the advice is decent good work
I can't share your videos, I'm too greedy with your excellent info...Basically you give me a step ahead of the pack. 😬
I just bought my first home! Got a 2.75% interest rate! *For everyone asking its a $247k house in DFW, TX. FHA loan through DHI mortgage. And yes this is a house I plan on paying more towards principle and owning one day not just reselling*
You could of waited to get a big deal
Felipe Barron that’s true, but I would rather take advantage of the low interest rates and not have to pay $1800/month for a 1bedroom apartment anymore and basicallyjust throwing away money.
@@israelt8304 as long as you're happy thats all that matters in the end
Felipe Barron Foreal man as long as you’re happy 👆🏼
Felipe Barron truth
Was out on unpaid covid-19 quarantine for 3 weeks, barely scraped together my rent this month. Next month it will be ugly. Thank God my landlord is amazing and knows I'm good for it. Good luck to all in these uncertain times❤
You should apply for that unemployment insurance, that was not ur fault...good luck
@@jennmendoza2439 Thank you, I have but Florida is notorious for not processing claims for months, if ever.
try sell stuff on offer up or let go - its local so its so easy - and food banks are free.
That’s what you think, the LL is biting their tongue.
@@lt2547 Not even close.
Everyone should definitely understand too that results will vary and be very localized. Especially with unemployment hitting certain states harder than others
Localized in terms of the amount of pain but there are middle class home owners near you right now that won't ever be going back to their jobs. Let's get real. Pain will be widespread while it will be worse in certain place.
Let it crash, then burn the real estate markets. Rebuild it, and make it true value sales only.
Right! I agree! It's all about I, Me, and, Myself; Everywhere in this great 'undivded' nation!
Just like it was so localised in 2008 right
Exactly in austin texas and folks are moving here daily
I'm in low class Ohio neighborhood, house across street sold for $270k. They paid $200 K just 2 years ago. Words can't explain this idiotness. Whats most rediculous is no one looks at what your moving next to and the a--hole across the street.
Lack of inventory in many markets. Low building last decade. Rents never go down. In 2008 a lot of the houses got turned into rentals. Everyone and my mother is waiting for cheaper houses... with millions waiting on the sidelines they’ll buy up any supply and I can’t see houses going down more than 20% in a year. Too much demand of people ready for a deal. Keep waiting and keep praying folks.
I agree. No way we can time the market. Just buy and if you can live with the monthly payment. Ride that shit out.
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This was a really great overview. Really diving into the main drivers and not just surface-level stuff. Really appreciate it.
Please keep making more of these types of videos, it’s life changing stuff.
No one should be paying six digits for a house built a hundred years ago with questionable structural integrity, peeling paint, skeleton key locks, and still powered by a fuse box. Crash and burn.
The price will go up. Trillions of printed bailout money will cause inflation. Increase the money supply like that and Prices go up. Simple
@@name8311 probably. Watch companies not adjust to inflation and keep paying people as little as possible.
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Some 100 to 200 year old houses on east coast are built better than current housing
@@name8311 Replace the currency. Go crypto
DUDE! Your the MAN!!! Thanks for your help!
I can't believe how much we all get screwed on taxes everyday and nobody seems to care 🙄
Its worse overseas. That's why
@@j_bubblez279 Depends WHERE overseas.
U think it is bad now, just wait for Biden. LoL
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Many of us do especially when we realize we are paying for our own slavery. UNITED STATES is a CORPORATION. We are under Maritime law. Vatican owns everything. Taxes are just keep people stressed, struggling and pre-occupied. As you may have noticed the government seems to have endless money right now as they usually do for Occupations and Wars.
Just bought first home. 2.65 interest rate. Bought it about 30k under its appraisal. God is good
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I've been a renter. I'm now looking to buy my first house. I'm saving every dollar I can to have a sufficient down payment in ~12-18 months. All these "dangers" are definitely an opportunity for me to actually buy a house. I'm not sure how hard this would hit the DFW area (no state income tax here), but I'll take any advantage I can get.
I’ve been watching you for years, and this is hands down my favorite video.
Jeez really wish everyone the best of luck during these upcoming hard times
Really good video.. one of your best. No one I watch is talking about this.
Already started in Idaho. Ours ended in June, and people are already being evicted.
Usually the opposite happens. Everyone in 2003-2007 thought houses would keep going up and then the prices crashed in 2008 and kept going down until around 2012. This time everyone is waiting for the crash, so the government will print an infinity amount of money and home prices will keep going up. The result will be all the people holding cash and waiting for the market to crash will get wiped out, because the FED will print so much money that the money you have will be worthless.
@@VQAries because there is more money in circulation. Government spending can only happen in 2 ways: through collecting taxes or printing money. When you collect taxes, you take money from one person and give it to another. Therefore, there is the same amount of money in circulation and prices don't increase. When you print money and spend it, now there is more money in circulation and it causes prices to increase. You don't produce anymore goods or services when you print money, you simply make the goods and services available more expensive, because there is more money in circulation.
Holding onto money. Without putting it into a Roth IRA or a mutual fund will lose value... 30k in 10 years will be like 25k
Finesse Kid the government is not going to print enough money for the middle class or average person to be able “to spend”...money has to be circulating in the real economy for that to work and from the bottom up. We will see a real estate crash that literally makes 08-09 look like nothing. Not enough jobs coming back fast enough... there is just no way prices will increase. It’s down hill from this fall on, for a while.
@@sarahcole7338 its not the middle class person that has the control. When government prints money, it buys up assets in the market, and that money goes to the hands of big institutional investors (like Goldman Sachs, JP Morgan, etc). These institutions then take that money and invest it in the market, which causes asset prices to artificially inflate. Also, because the interest is so low (and will be going lower) it incentivizes people/companies/investors to take on debt to buy assets like houses, which causes the price to increase (because there is more "demand"). Not to mention the mortgage forbearance rule that could last for the next 12 months, and the foreclosures process is going to take forever for the banks in this environment. But hey, if you want to wait it out then go ahead, what do I know.
Finesse Kid there will be a time very very soon for the people who still have money and jobs to buy much lower than now...and THAT will be the time, within in the next six months before bottom when the big investors step in. If anyone buys right now you will lose...wait til Decemberish and trust me that is the time. I was a real estate agent in SoCal during the last downturn...the sweet spot is coming. Buy now and lose....
And "we the people" are heard from Kevin! Good stuff! Well done, my good sir!
Thanks, Kevin. Your video content is second to none!
Just an FYI- it only takes 3 DAYS to evict a renter in Florida. And 6 months average for Foreclosure.
Take into consideration that Kevin is speaking on West Coast expertise & general US averages. ALSO, certain states political ideologies allow for extended programs to prolong those processes. All situational. On Average, it’s not realistic to evict someone in 3 days.
These are the videos TH-cam should be promoting. Knowledge is power thanks for sharing insight.
IF IT FEELS LIKE A BUBBLE, AND LOOKS LIKE A BUBBLE, IT'S A
@@vongimbelgroup patience grasshopper lol we strike when the iron is hot!
Butthole!
@Alexandro Botelho 🙏🙏🙏 bring it on
But surely the millions of middle-class jobs that will be permenantly lost won't have any negative effect on the markets.
It's a time to take advantage of low interest rates!
Kevin been watching your videos for a few months now. Your time frames have changed to a way more realistic outlook. Proud of u. People need the cold hard truth.
Kevin we need live streams!! On this channel
Actually, if you are a course member, you have access to daily live streams.
Nick Bravo yeah, it’s a nice bonus that we have. He explore the current situation on the market (Monday-Friday), and also he is responding to all your questions regarding stocks and real estate deals. At the end of each of the course page, you will find more info about these daily live streams that I talk about. Hope this helps.
Can you do a video on tips when buying your first home? What to look for what you need to know. Etc
Been waiting for this info! 😊😁💯
Yay! Another Real Estate video from MeetKevin!
Liked and commented and shared with a friend to teach TH-cam that this is what Kevin needs to do!
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Sorry, your claims regarding the elimination/pausing of CGT starting at 8:45 into the video don't add up.
1) With CGT, a $100k CG on $500k property in FL will trigger $20K at the most in CGT. If your guy sells at $475K instead of $500k to 'take advantage of no-CGT window , he/she already lost $25k, which is higher.
2) With CGT, a $100k CG on $500k property in CA will trigger $34K at the most in CGT. If your guy similarly sells at $450k instead of $500K, he already lost $50k, which is higher
Definitely depends on the purchase price. In a lot of places housing prices have doubled since 2008, so if you are a long time landlord and held the property for a while, there is quite a bit of gains and the CG exclusion will be very attractive. This is typical of congress (doesn't matter which party is in control) to be passing laws that benefits the rich more. They themselves probably have properties to unload.
🔥🔥🔥🔥 one of the best videos on this Chanel I’ve seen and I’ve been following Kevin for over year. Get ready!!
I love all the Runescape themed decorations in the back. I want those D claws.
Kevin probably got max stats and max cash
I am offering a one time deal for free armour trimming.
Bro..
Your subscriber base will be doubled by the end of this year.
Your videos are spot on
Kevin I’m gonna need my Willy Wonka and the Chocolate Factory Props back man!
LOL Dude, as much as i want to learn about a housing crash, those props really are distracting.
Runescape props
LMFAO, I was thinking the same thing.
The value in the content here is astronomical. Thank you for putting this together and sharing.
You’re like a personal LIfe Coach! This was VERY informative! Thanks,
This information is immensely helpful! Thanks Kevin.
My favorite real estate youtubers are Meet Kevin and Graham Stephan!!
Agreed, very much enjoy Graham as well
Dont Forget Jaspreet Sighn from Minority Mindset
@@financiallift6185 100%
@@felipebarron3479 so true
Throw in David Chandler Smith or Investment Joy with Brandon and you have a Trifecta
Love this guy!!! This makes ALL THE SENSE in the world!!
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Like the old adage says, *Don't quit your day job.* Property taxes are skyrocketing.
Right lower interest rate. Higher property taxes. That’s how they’ll be funding the states. I see what you mean.
Great video Kevin! There's a lot of "fun" coming up within these next couple of years with the housing market, I'll keep that extra cash on the sidelines just in case!
Welcome back bro. This kind of video is why I subscribed years ago.
Kevin' THINK ABOUT THIS... people MUST have a place to stay while we are ALL locked up in our houses, and occasionally going for walks.
That has value.
I agree with that logic. If you buy a house and take advantage of these SUPER low rates and keep a roof over your head, then its ok if there is a 5-10% correction. Because you're not planning on going anywhere.
I'm sure there're still wedge deals out there. Whether there are more or less of them probably depends on the area.
IMHO most of us are hunkering down, unless you're area is heavily infected (inner cities) in which case people are fleeing and selling. Must wrap my brain around it, 'tis not easy, unless I look at it from a localized veiw point.
Yes that’s what I have a conflict on. Everyone says don’t buy now but I am paying more than 20K a year on rent. Even if the houses go down in value 20K in a year, at least is mine. Who knows if this will actually happens. And what if it takes 3 years? I’ll have paid 60K in rent!!
Good. Housing prices are ridiculous and cost of living with common goods is out of control. The house I rent went up 35k in 8 years and zero absolutely zero was done to it improvement wise. I asked the realtors selling yesterday... How's business, think it will crash? They both said...no it slowed for three weeks but buying is better than ever and prices are rising. I just can't understand it. Maybe I'm just simple minded
Passive investing got me where I'm today, Indeed it takes patience to get rewards and with the right institute it's highly remunerative as effective money management is needed if we want to build a strong financial future tomorrow. so it's been a 50% expenses for me, 30% investing and 20% saving for me.
That's nice, you've absolutely done well for yourself
What do you invest in?
Yea I agree with you I agree with you, indeed patience is always required.
Hello Ethan, what do you invest in; can you share?
I've a trading Portfolio which cuts across the major financial markets consisting of stocks, forex and recently crypto mining.
Thank you so much Kevin! The best you tube channel that already made us a lot of money👍
In the process of buying my second property right now, got a 2.875% interest rate! will definitely be looking to buy again within the next year.
Just curious, if you don't mind, what state and how much was the price/down payment?
Also did you pay any points?
TheBattery124 purchase price of 170k with a 5% down payment. It’ll be owner occupied so that affected rates drastically.
@@Officialerikledezma oh okay! Mine will be owner occupied as well. I'm in California with a 335K price at 3.25% on conventional. I was quoted 2.975% on HFA, but more fees and higher PMI was associated with that. Plus I don't plan on refinancing this place either.
I still feel like I could have gotten a lower rate.
TheBattery124 shopping around for rates always helps! California can be a tough market though. I’m located in the Midwest .
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Yes! THIS is the Kevin content I subscribed for! Miss this guy!
The market is crazy right now here in the California Bay Area. This week I heard of homes going for 100K to 250k over asking.
pop!
Itz year end n time to thank God for helping us surge n survive through tough trials n tribulations of this year.... We r grateful to have surpassed 2020 successfully by the grace n mercy of higher power.. Pray to see a great 2021.... for world n mankind...!!
The housing rent is inflated! We - Americans can not afford the rent now! The housing cost is so high, Americans can not afford to live when the jobs are not there and don't pay enough! Get real!
If you signed a lease, it is too late to say that you can't afford it. Why? Because you signed. If people sign leases, it means that they think they can afford it so it is supply-demand. If nobody signed up for renting, the price would have dropped down.
If you can't afford housing, move to a place with affordable housing. North Dakota is still hiring.
Nsbioy- yup. I'm in an open state, and wonder how the world looks in a closed one. I moved years ago to a cheaper, less regulated state. I was broke then, rented a crappy apartment, within a year owned a house with 2 cars (paid for, cars not house). It CAN be done, but people have to make hard decisions they don't want to make.
@@a105-t5m of course. I am in North Dakota even though our income would allow us to comfortably live elsewhere. ND is great, but housing is not exactly cheap and, while the state is pretty lenient with a bunch of things, individual towns have regulations. Thankfully no HOA lol.
@@nsbioy The contracts are signed based on assumptions, which may or may not pan out. On its face, it's actually a pretty stupid system. In any event, the lessees should just avail themselves of whatever favorable laws exist to break or renegotiate the terms of the contract-since we're all just doing hyper-short-term focused business. Of course, this only works when done en masse and we all know the mass is too stupid to do that. (lol)
@@elac1256 nobody has the crystal ball, which is why contracts are legally binding AND breaking of a contract carries legal consequences usually stipulated in the fine print. "I lost the income" is not a good reason to get out of a contract unless the government intervene.
You are right about this being, shall we say, an imperfect system.
Pretty simple explanation. Families moving from cities to suburbs as they need more room for working from home and for homeschooling. NY city reports that the June rental numbers were brutal. Will know how bad in September when annual rental agreements are up.
Yep that's why the phx market is on fire right now,.
Exactly more room for extend home schooling and access to better schools when kids do return
People are going to be in for a surprise when interest rates are increased in 5 years.
Great video Kevin!! This was gold!! I am looking into purchasing my first home and your content has been priceless. Thank you!
You forgot Danger #4, caused by inflation which forces the FED to increase rates, prior to your estimated date of this potentially occurring. In this situation, the opposite of the 10x rule would apply.
Inflation from the constant money printing might not be as large of an issue as they were probably already looking at a deflationary period pre-stimuli
According to an article on Bloomberg.com and awaiting formal comment by Powell...
“The Fed will not just emphasize actual inflation over forecasted inflation, but will also attempt to push the inflate rate above its 2% target. It’s a whole new ballgame.”
Daniel Song - the FED isn’t printing money yet... they are still borrowing from investors. We will FEEL when the FED actually starts printing. Trust. Rates will fluctuate drastically, as investors would want a better return.
Kevin thanks a lot for the valuable INSIGHT and expertise. Please keep this coming!
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Christmas themed background = Educational video 😃
I live in South Florida where there is an inventory shortage of housing. This is causing many homes to sell for more than they should. This is driven by retired people moving from the nonsense up north. My home just sold for 15k over asking because of a bidding war from 6 different people wanting the same home, all of whom were retired. This was within TWO days of listing the home. I would imagine this scenario is playing out a lot on the east coast.
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New York will feed Florida for years.
This is exactly what I needed to see as I am currently in the process of buying a new home. Or maybe it’s something I shouldn’t see? :(
Another excellent video, Kevin!
TimBurVlogs - just make sure you have EQUITY. At least 10% under market value. & a solid interest rate locked in - you will be just fine.
Alec Johnson thanks!
What’s with the RUNESCAPE backdrop? Man, childhood nostalgia hahaha. Love it. Thanks for the videos.
Dear Millenial, you'd be the first in history to accurately predict any market but thx for the analysis.
REI, is not that complicated as it is ALL about cash flow, reserves & access to cheap capital fast when needed.
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I love you Kevin. Learn so much from you.
Uggh I regret buying my condo....I bought it Sept 2019.....I mean there’s no way I could’ve predicted a freaking pandemic crashing the housing market. Ahh well at least I have a roof over my head and I’m still employed....
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You are so smart. I have to watch these videos a few times to take all the information in. I appreciate you
I hope housing prices come down. I’m in the market to buy my forever home. In AZ. But prices have increased a lot the past two years!
There is no such thing as a forever home. Emotion is the enemy of reason.
Paul Clinton This is ultimately true! In rephrasing: let’s say I’m 63, looking for the last home I’ll be living in as long as I can care for myself & have control!
Yes, the prices here are outrageous, I’ll be happy when the market comes down so I can buy my first property
My parents had a forever home.
I have watched several of your videos BUT after watching THIS video I subbed! This is EXCELLENT information about the numbers in the housing market and how they work. PRICELESS information on predicting the market! Thanks Kevin, I learned MUCH that I never knew in this video!
I just want to pay a fair price for my first home. I’m in Connecticut & the prices are just absolutely insane.
Low supply and many folks from NYC are buying them up, only increasing prices. CT won't get hit nearly as bad as someplace like NY or CA. Hopefully I'm wrong though!
Yup same here in NJ. All the Rotten Apple refugees moving to the burbs so they can come elect the same officials that ruined NYC.
@@jmahtab @$$
@@buzzinbee9463 truth hurts. They voted for De Blasio twice and the city is in worse state than when Dinkins was mayor. They come to NJ and bitch about there not being enough Starbucks, or protests, train lines, buses. We dont want or need that. Then they don't stop with "when I lived in the city.....", who cares. Go back to being a strap hanger with your nosed shoved up the next MTA rider's arm pit. You thought it was a good idea pre-Covid.
Jameson Jones lol pssshhhhhhh try buying a home in Washington my guy lol
Just bought a house. Waited long enough. Rate at 2.375% at 15 years w only 3% down. How can I not?? As our money is becoming worth less and less, it’s essentially interest free loan
Your set reminds me of "Christmas in July"
I've been trying to a buy house this last month and legit haves all buyers no sellers every house goes In a second
I am saving as much as I can to take advantage of this when it hits and finally buy a house once prices crater.
Me too i just know that dream house is going to be a price i can afford
I like the overall video. A bit counter intuitive though because you said buyers are over paying for homes but then if there is a capital gains exclusion, sellers will sell at a discount. I don’t think any savey seller will take a discount on their home when they know people are over paying, capital gains or not.
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Rising interest rates? (Nearly) Everbody is overleveraged with tons of debts, especially goverment with over 26 trillion dollars, so no one can afford rising interest rates; actually I expect negative rates.
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Jesse Arthur proof
They can't stay this low forever. Banks want to make money off of you. Your deal is their loss.
When inflation start to pick up the only counter to it is raising interest rate and they will do it because hyperinlfation is the death of an entire economy/country.
Kevin I love your work ethic.
Commenting for the TH-cam algorithm
Thank you!!
Don't forget to smash the like button 👍👍
@@siminitchi 👍🍞
Replying for the TH-cam algorithm
Rabble rabble rabble
I liked your video on all 3 of my youtube accounts lol!! Im not sure how I feel about your background though. I feel like a kid reading an "iSpy with my little eye" book trying to figure out what all the random stuff is, and then I have to keep replaying what you said cuz I was distracted! LOL!
Over the last two weeks California property value has gone wacky. 🤦♂️.
This was a fantastic video Kevin! Incredibly educational. Thank you!
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14 days here a sheriff comes to the house and forces you off the property after 30 days so that's 45 days and ur out and your shi*s on the side of the road or in a trailer. Welcome to Kentucky!
@@id10t98 I have never voted for this crooked joke for a person. Mitch the twitch Seems to rich to be Kentuckian o wait that's right he takes bribes I'm sure.I know a old guy here that grew up with Mitch and said hes a smart as* and has been know to take for him self and screw others in the process.
Make your payments!
Make your damn payments then!
🤣
@@id10t98 "Moscow Mitch?"
Lol, someone has been watching too much CNN.
Don't let people play with you brain like that man.
Thanks for the video, still learning a lot. Will make a push for a 2nd home as soon as I’m out of debt. Your forbearance advice helped a lot. And now every $5 of extra money is going to increase our household cash flow.
Should someone buy a house right now 🤔
I know someone that wants to
Tarz Thomas wait till November
Nooo
Negative, prices are outrageous right now due to the low rates. Not worth it, wait for the crash.
My opinion is yes. Rates are historically low, and they only have 1 direction to go and that is up. Everybody is saying in the comments that the market is going to crash. I anticipate a correction at most, not a crash,
Just bought a three flat. Smh lol
What your forgetting is landlords have been evicting since April, the latest estimate is 28 million could be made homeless, which leads to landlord foreclosures which leads to another crash
Kevin, I thought you said, everything was going to be okay?
This guy is a tool thats why. He gathered his data from the same site where RE agents get their info.
Hahahaha, omg! ...and it will!
Everything is not ok. Kevin is being optimistic and is using past trends to predict future events. What we are witnessing right now is unprecedented and truly frightening.
Well a couple of vids ago he said housing market will remain stable. His data? From RE websites that will continue with the narrative that everything will be okay despite what is “obviously” happening around the globe. This guy is no analyst, he is a turd that is part of the problem that drove housing prices to unimaginable numbers, and now he has a following in soc med that some people might even believe whatever he says.
@@bencastro921 I have to agree with you. People like Kevin are absolutely part of the problem. With that said, I wouldn't call him a turd. He's at best a criminal opportunist🤣
Love when you bust out the whiteboard. Good stuff Kev!
Kevin wants a stimulus because he’s afraid his tenants won’t pay him rent.
Lol 😂 u bettcha
@@arturcuryllo5832 it's all risky. Life is a risk
Felipe Barron hahaha Exatcly
Wouldn’t you braaaaaa
Lol you haven’t followed Kevin long enough to know he’s doing really well
The other thing is if property taxes go up, like they are in many cities, that will limit house prices as well because the monthly payment will be higher for non cash purchases. I think there is trouble ahead.
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My man is so stressed he looking like he in his 30’s
This was one of the most informative youtube videos i've seen in a very long time. Great upload
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Re: Moving funds to stocks to grow capital in preparation to jump on RE deals. I hate relying on low interest savings accounts too but wouldn't it be wise to keep most of your $ on the sideline given that short a time horizon and the potential volatility in the market?
Yes, but Jerome Powell illegalized bear markets. Stocks are only allowed to go up now.
The markets are going to be volatile until there is a treatment or vaccine for the coronavirus. If people don't feel safe going out to buy things they won't buy things.
Nahh I wouldn’t gamble with stocks . If your looking to buy soon just keep it handy
As a professional day trader, i have to say that this is a risk even i wouldn’t take.
Bitcoin!
Kevin (or anyone who knows) - Why is it called a "crash" when it appears that sellers or landlords will be making money? Can you sell your home if you are in forbearance or foreclosure? Homeowners who own their own homes will have 1 - 3 year forbearance or foreclosure timeframes, so they are in no rush and can save $$. This "crash" doesn't seem to favor buyers or renters. I had a totally different idea of what "housing crash" meant from what happened in '08. Thanks.
I'm ready to buy!!!
@@Michael-qy1jz For you.
Great video!
When the crash happens i will be looking for forclosures
NC here, I live in a rural county and half of the homes (3 bed 2 bath) cost about 150,000 to make but sell for 289,000 and up. My county is on the boarder of Charlotte and the price of homes have climbed.
Oh charlotte been climbing for 20 years. I am from Fayetteville NC but live in Austin texas. Every year check prices in Charlotte amazing change
I’m 31, finally saved 1 million from my salary as I live with parents and I live in SF, so I tend to have a higher salary. I’m ready to buy my first house in all cash, but after listening to this, I might rethink my plan
Same here I have around the same . But I’ll wait .. I was so excited about moving to Texas now I’m reconsidering everything my money is parked in a high yield
Wait it out!
Move out of California! Plenty of cities where you can get a four bedroom house in an excellent neighborhood for 300k. Keep 700k to invest and soon you will have the passive income lifestyle
Dominick if my job allows me to work remotely, I will totally do it. I am making 140,000 annually, so I really do not want to lose that
I liked and subscribed by the 36 second mark. I usually skip the first few minutes of any TH-cam video.
I really hope housing prices come down. I don't appreciate californians coming over to Texas and pumping up our houses price, then we have to pay more property taxes.
Lol the same thing happened in California everybody and their mother moved here and jacked up the prices that's why they are moving to texas so I know exactly how you feel.
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Keep up the GREAT work Kevin! Thank you sososo much for sharing your knowledge.
You’re whole background setting makes me think that u are uploading old videos from last Christmas 🎄 even though they’re current,lol. For some it may discourage them to skip thinking it’s old video. 🤔
I hear you but everything in the background is actually from an online gaming, called Runescape.
Yea, the moss is weird
Thank you, this is what I have been hoping for, but I felt it was a wish and a prayer. This video puts logical explanation to what I feel is likely to happen.
i just want to buy my first house. i'll be 40 in a few months and i'm so tired of renting. the housing market in phoenix is super overpriced and inventory is really low. this crash better happen soon!
I'm in Phx as well. I agree that things are SUPER overheated around here lately but dont wait forever expecting a crash. People are migrating here at such a high pace that the prices could potentially be driven up like this for many more years. You don't want to get priced out of your neighborhood.
@@Real.Estate.Report oh, i know that for sure. we actually fled california to come here ion 2012. that's when we should've bought, but when we made the leap, we had no jobs/safety network, and no assets, so as we've been increasing our buying power, the prices have outpaced us each year. if they could simply fall back a little bit, i'd be ok with that. our lease is up in feb, so i'm expecting some opportunity at that time. unfortunately, my job is in north scottsdale and my wife's is in tempe, so considering cheaper parts of the valley aren't realistic. i'd like to get in around mesa, but it's not looking too good right now.
@@brettrobertleasure My name is Chad Everhart and I'm a realtor in Phoenix and would love to help you once you and your wife are ready to start looking. Please email me at chadeverhartsellsaz@gmail.com and I can set you up a MLS portal so you have access to homes on the market in real time. Hope to be hearing from you soon!