This is the 'last thing we need' for housing, real estate expert warns
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- เผยแพร่เมื่อ 21 ต.ค. 2024
- Madison Ventures Plus Managing Director Mitch Roschelle gives his take on progressives calling for executive action on housing costs and rising mortgage rates. #foxbusiness
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OMG someone that knows that America is a Constitutional Republic, how AWESOME.
All we need to do is...get corporations out of residential homes...no buying homes blackrock..Black water...easy fix😮😮😮
The government giving $25,000 to immigrants to get into homes won’t help for sure! That will drive costs up AND cause banks to want higher down payments.
@shannonmiller6716 Brother...only Trump can fix that🤔🤔 but I feel your pain...I'm 38 h🤬t...
Corporations have the same rights as a US citizen thanks to the ruling by the supreme Court in 2010 called citizens united put forth by Republicans thanks that's where all the crazy amounts of dark money contributions have come from in the last decade and allowed the billionaires Harlan Crow and Leonard Leo to buy the supreme Court
"all we need to do is... get 'government' out of residential homes"... business by eliminating 'property taxes' on residential homes, halving -- halving restrictions and requirements.
ya see, it 'is' government as the primary cause of high cost og housing, businesses have very little to do with high cost of housing...
@@shannonmiller6716Oh, only campaign donors will get those grants. Just like Trump's PPP loans
The real estate market is constantly evolving, with trends like remote work driving demand for suburban and rural properties as people seek more space and affordability.
Investing in real estate can be a great way to diversify your portfolio, but it’s essential to research local markets and understand the risks involved.
Many people are turning to real estate investment trusts (REITs) as a way to invest in real estate without the hassle of property management, making it more accessible for those with less capital
Sustainable building practices are becoming increasingly important in real estate, with buyers showing a preference for eco-friendly homes that reduce their carbon footprint
The rise of short-term rentals has transformed the real estate landscape, creating opportunities for investors but also raising concerns about housing availability in some markets
In today’s market, staging a home effectively can make a significant difference in how quickly it sells, as buyers are often drawn to well-presented properties.
The first thing we need is cutting fed government’s spending
No the first thing is TERM LIMITS FOR CONGRESS then cut federal spending
Property taxes are crazy high. We paid for the house. Why do we have to pay taxes every year?
Schools, sanitation, roadways…
And they want to eventually take your house.
The lottery was supposed to pay for schools, the fuel tax and vehicle registration fees pay for roads and water and sewer bills pay for sanitation. The property taxes are for paying government cronies. My assessment increased by over 300% last year, and I have 2 cemeteries on each of 3 farms. The land can't produce more, but somehow the idiots believe that it can.
@@michaelpisani6849I doubt that, roads and bridges are horrible schools are too with grades
@@michaelpisani6849 roads are junk water is contaminated and most kids are failing grades and can't read.
Housing interest rates is not the sole problem. Building regulations, real estate rates, bank fees are the problem
@jeffreylinde4381 How about the cost of the house to start with??
No they are all the problem. Interest rates increase the expenses
And property taxes are out of control
@@WELVAS. well theyre obviously directly involved in the scalability of the problem, and like mith had said, depending on the sudden rate change you could see a squeeze on the already tight market. But like jeffrey is referring to, theres a plethora of fixed/not quantitative variables that we have to consider when talking on housing affordability
And restricting purchase & ownership of real estate by foreigners.
I moved from Tampa to Santa Clara a few months ago and I’m thinking of purchasing a single family home there, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? Looks like NVDA, TSM and AMD and AVGO are strong buys this week.
it’s a personal decision, but according to Forbes, housing activities will remain stagnant for the most part of the year, so maybe hold off a little.
well you could put a downpayment on a home and as well diversify as much as you can into Ai, energy and big pharm. stocks like Pfizer and JnJ, ASML, MLM and S&P 500 ETFs. I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I making a whooping $738k in Q4 last year
I’m an art collector, this is not very new to me but has a nuance to it. Can you assist me?
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House prices have tripled. To hard to afford a house, not just the rate
yeah prices tripling means a 5 percent increase according to the math i see publicly. insane
Federal government needs to stay out of all housing and banks!
A federally unregulated bank lmao holding my money - all you budy - count me out your plan
@@Daniyoyo so you love the government control of your so called money?
@@Daniyoyo hold your own money, solve your own problems, you think the government has any duty or obligation to actually protect you? my point is we need to move away the best we can from the governments systems which benefit the government and elite politicians.
@@johnlecaname a country on this planet that is doing well without any active government ? Dont worry I’ll wait
But when something happens, y’all begging for FEMA. Make it make sense
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I would really like to know how this actually works.
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None of these wealthy real estate experts that tell us to just accept 6% rates and buy anyway don’t get it. YOU CANT DO THAT when the average price of a crap house is 500k and the median family income is only 75k. That’s a $3300 a month mortgage payment. If you gross 75k your net is like $4500 a month. Pretty basic math
75k is 2 people making about 19 bucks/hour. That's a fast food wage.
@@paulmarshall9189no it ain't fastfood is 30k a year or less you don't get overtime
yeah most of the fox news is for rich people
Calling 6% a normal rate is bull crap, he mentioned the 12% rate when the old baby boomer was buying his house, but back the a year salary could buy an average house, now 10 salaries may buy a house.
I am 62 yrs old. I have invested in real estate for many, many yrs. I can tell you hands down that the biggest problem in the current market and its affordability is the Federal Reserve. Second is the permitting process and cost. This "expert" is on crack when he makes the statement that interest rates at current level aren't that big of an impediment. Interest rates are in fact below the historical average, but when you APPLY the rate to the overblown house price it is definitely a big part of the problem. Remember folks, prices have to be relative to incomes....and they aren't for the most part. The Federal Reserve idiots held 0% too long and pumped too much money into the system for too long and created this needless mess.
Real estate sales people and investors will always blame the lack of affordability on the lack of inventory. Having lower interest rates for too long to bail out investors is the bigger problem with housing affordability, and the aforementioned buttholes will never concede this.
"you can always refinance" is a song and dance we are all tired of hearing! AND, IT'S UNTRUE! You have to qualify for a loan. Things happen...
You got that right and if your house goes down in price, and it does happen, you will likely be underwater with no equity and if so you will need to bring a wad of cash to the table in order to refinance
*_It'll take 10,000 years to undo what Bobo and Karmello have cod-locked ..._*
Leave federal lands alone
I'm completely against government over reach BUT corporations shouldn't be able to invest in single family real-estate.
I like how they are cutting up at the end about buying a house for 60k @ 12% back in the day. Today, Americans pay isn't increasing, coperate profits are. Instead of paying Americans more money, big businesses and governments just dilute the market with cheaper slaves and call it immigration.
Exactly, in 1955 homes were around 2 Years salary of someone's gross income. The median salary now is $40,000, while the average salary is around $70,000. The average home costs over $400,000. The math is depressing. The rates have little to do with people's decisions on whether to buy or not.
Yepp they screwed us
The right choice of an investment has always been a big problem for me I know picking a wrong investment will leave a big scar in the future
Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
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Everyone's been promoting investing as a source of passive income, but with a 70-hour workweek and limited financial knowledge, how can I stay on top of things? Every TH-cam video says "BUY, BUY!" but when and how do I sell for profit at the right time?
Well all i know is that you cannot go wrong taking profit at near high. No one ever went broke taking a 10% loss. It's best if you consult with a fiduciary advisor to get informed buying & selling decisions
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Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Theres a line of people collecting money on every refinance.
With only six months left, I’d focus on ensuring your real estate investment strategy aligns with your goals-whether it's maximizing returns, increasing cash flow, or preparing for an exit.
Now is a good time to review any outstanding maintenance or upgrades that could boost property value or rental income before your time frame runs out.
If you’re considering selling, you might want to get in touch with a real estate agent or appraiser to estimate the value of your property and potential gains
Lastly, tax planning is crucial-especially if you're planning to sell or generate significant rental income in these last six months. Consulting with a tax advisor can help you optimize your strategy
Working with Nora Jean Erickson on your real estate or retirement investments could provide valuable insights, especially in aligning your pension decisions with long-term real estate goals
Nora Jean Erickson expertise in retirement planning could help ensure that any real estate moves you make now fit seamlessly into your overall financial strategy, particularly as you look at optimizing your pension and investment returns.
I’ve heard the whole “we were paying rates in the teens” thing. I watched someone do an analysis on this and compared home prices and rates today compared to back when rates were at its highest and things are still more expensive today. The income required to purchase home today is also much higher, the income multiple to home price was like 6-7 times average American income today. Stuart really shouldn’t tell people he bought a home for 60k and today it’s worth 2 million, it makes him look out of touch and pushes a lot of negative feelings his way considering the fact that many people are struggling.
Don't worry...Biden/Harris is sending Ukraine more money
You are out of touch, you have to WORK FOR It, no one is going to give it to you, not even democrats.
And yet I’m young, never have owned a home, and could but a house in cash if I wanted.
I think to some degree it’s how you spend at this point. I don’t spend so it makes it easier.
Yeah, that was a real "let them eat cake" type of comment that shows how out of touch rich elderly people can be. Housing prices are insane and I have seen my old houses triple in value. For my state, I make above average income but could not afford to move to this area if I hadn't already. If we move, we move to a more crime ridden area or to a rural area. Rural areas are practically ruled out because I work in tech and to do remote work you need a decent Internet connection and our rural regions are notorious for unreliable internet or expensive options like Skylink.
This level of inflation on necessities for living is not sustainable and when it crashes it will send us to a Latin American style of living and governance. All those bragging about their great financial moves back when the problem first started will not be remembered fondly and historically will be viewed as idiots dooming their country to a collapse.
Government isn't the solution, it's the problem.
Say how much it cost to refinance.
Bs rates should be 3.5 percent for housing and business to get America back one its feet
Doesn't really help if home prices jump when rates go down.
You could have perfect credit they aren’t giving you 6.5% it’s straight stealing
The current real estate market bubble is set to burst, pushing investors toward safe-haven assets like silver, which could drive its spot price to $110-$150 by early next year as financial instability intensifies.
Thank you for acknowledging we are a constitutional republic!
I pay 9% right now and for me that's good that's what I get for 35 years of employment
I'd like to see the laws changed so that Cameroonian anti-government agents can't buy up single family houses for the purpose of throwing admissions-charging parties for young people. True story in my state.
There isn't a shortage of housing 🤦
Because this regime imported several millions more who need housing
No there's a illegal immigrant problem trump let's deport them not pay there rent .. n
There is a housing shortage. Most of the problems today stem from the 08 crash. A lot of builders went out of business. Much less competition today.
We’re short 2 million homes. The Biden-Harris regime imported 20 million people. You do the math.
Builders have learned to keep supplies tight to drive up cost and interest in their homes...less homes available the more multi offers. Builders are building for large corporations to rent to individual families - large neighborhoods of 100 to 200 homes. And finally homes are way too big...who needs 2,000 or more sq ft homes...the size alone is driving up costs- builders know that the more cheap rooms they add like bedrooms, offices and bonus rooms cost nearly nothing to add...so go smaller and it will cost less.
I bought a house in SoCal the end of September and lock in a 4.85 30yr fixed rate
It's called history! Look up what compound interest is!
"You can always refinance".
Unless the home you bought is no longer worth what you paid for it, genius.
I thought Harris was trying to lower prices to help people but my daughter work at a Home Depot Lowe’s kinda thing and a bathroom vanity just went way the hell up in prices like a $1009 for a bathroom sink how is this right
Corporations have your better interest in mind when they take all of your money
Well hate to break it to you guys but a 13% rate on 60k is not a bunch of money. It’s like a 90% interest rate on $10. You not squeezing out a whole lot. Now 7% on 500k, we talking what some people even make a year. This is why I hate when they say wages are keeping up with inflation. Youre only talking percents not real money.
We need some kind of regulation idk what will help ppl but 3 grand for rent is extreme.
They say its 10 yr treasury now which is BS it's barely moved
I love this, you can always just refinance. It’s not free to do that and not to mention you start all over unless you go from 30 to 15 year. It’s easier to do when houses are $200k or less not $500k or more. If you don’t put down 20% you may also not be able to refi if your home ever loses value. So that’s not always the case either.
Raise interest rates to 10 percent
ABOLISH PROPERTY TAX FOR US CITIZENS
Millions of new low priced housing needs from the boarder crisis is driving up home costs…
... you heard it only on Fox Entertainment Network 👍
lmao
How is it even possible that the federal government can hold land I'm pretty sure they can't the land belongs to the people🇺🇸😎
Builders need to stop baking in the cost to buy down rates and give so called free upgrades. Nothing is free they bake it into the cost of the house. This is why they are more profitable than ever
low interest rate, buy homes. incr housing prices, sell homes. Rinse & repeat, nothing news worthy
Black Rock super computer will buy all the house, regardless of price.
12.5 % mortgage is not bad if the house price is a year salary or even less, a bull shittick justification from the old Baby boomer is really disgusting.
Think about the hurricanes. The building code has to be stricter.
I'll keep my 3% tu rates are insane
!I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks or Crypto will be appreciated
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nice! once you hit a big milestone, the next comes easier. How can i reach her, if you don't mind me asking?
Trump 2024
Rates bottomed 2.5 years ago & no relief in higher rates is coming!!! FREE
That's a lie!!
See what happens when you dabble in fiat currency? Eventually the physical world and money become untethered.
10%
invest in real estate only way to make money. and retire overseas is a great investment
average rates 30 yr fixed 7.303
When you allow greed to ruin capitalism and take over your economy nations crumble. Ignoring greed doesn't make it go away.
Stewart's it's all about the price of the homes, not the mortgage rate. They gotta get that in their heads. people gotta stop paying the high price. And when you do pay the high price. the real estate guy gets spoiled, and then he Says? I got that price from the Last gotta have the last time. Or when he gets Them to bid against each other, what a scam.
@@DavidMartin-hv3mn It’s called greed a lot of the younger generation will never own a home because of it. It’s really sad when you think about it.
They want to heard us like cattle right back into slavery just a digital consumer version 😂
already done
@johnleca almost not fully but yes. Using " climate change" they well relocate people out of areas they don't want them in to smarter cities 😉
Question, If the Federal govt. is doing bad what makes the local govt. hoity toity? Wouldn’t you think all the Fedaral Debt we have would impact local govt. , people will stop buying , government needs to come in and protect the middle class so deep pockets can’t ruin a local govt.
😂 what middle class we're finished
US debt is NOT US debt. It is YOUR debt and your great great grand children's debt. Enjoy it. Why? Because YOU authorized it. The People have GIVEN AWAY all their power and rights. Now you all line up and vote. It is safe and secure and will solve all your problems.
Housing prices are too high. It is the real estate companies and agents that are responsible for the gouging. It needs to be regulated.
Thats how people get their investment back
😂😂😂 you're clueless
The house is worth what someone is willing to pay for it. If you think it is to high, don't buy it.
@@stanley8574 exactly right because at the end of the day black rock will buy every house regardless of the price.
@@johnburnett9847 I heard blackrock is selling instead of buying but it is hard to tell if you are getting the true from media or spin.
Just buy high and expect to pay off early or sell for higher, yall are smoking crack
Prices
1:41 Put Illegal immigrants in there right..
I paid 13.9% on my first car in 1991.
Exclude the Florida projects, Let's go back 2021/August... That's the date of the "Westcliff Eagles Basketball Club arrangement". Nobody knew about it, Hence the snowball keeps rolling down..
BS
Federal property ie gulag. Federal properties belong to us no developers
BECOME A HOME INVESTOR AND GET RICH!!!
U can set pric3s
Wet there now
Ask a realestate broker if there’s anything wrong with the housing market rich just rich right up there with a economist what wrong with the economy both will tell you nothing it going higher better buy now .
Betenbough homes in Lubbock Texas Google these guys. 2 bedroom 2 bath 1 car garage in the 140’s to 160’s
I got out of the real estate investing market about a year ago. I think its time to get into the stock market for a while. whats the best strategy to invest around 200K in this current market
I got into stocks few years ago and my candid advice for a newbie like you is to seek help from market experts rather than TH-camrs.
Agreed, I just use TH-cam for research purposes, I run all my major investment through an investment adviser, the market is just too unstable to handle things on your own. I have consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains in close to a decade of having one.
I've been getting suggestions to use a market expert too, but where and how to find one has been challenging, Can i reach out to the one you use?
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Private equity should never own single home no company or mutual fund never
Rich people buy house. And rent them at high prices
Hypocrasy of Trump campaign. I mean Foxy news who paid $700 million in fines.🤣🤣🤣🤣 and spinning.
Mine is 2.75, thanks TRUMP!!!!
How about building at National Parks? Or city parks? The government can be run cheaper by the Chinese or in Mexico.
Just make the shitty deal and bank on being able to refinance 😂 blow me
its because we came off the gold standard put us back on it
It's not because we came off the gold standard and we can't go back on it. The U.S. Government does not have enough gold and silver to back all the money in circulation.
We need 1300 square feet affordable starter homes and for retirees to downsiz to freeing up the larger homes
I had 1300 sf with a very good floor plan and a big back deck when I raised my 2 children. I'm retired with 1700 square feet and a 2-car garage now. I could sell that for $400,000 in one day
12% on 60k is not comparable to 6% at 450K
Prices need to drop, sorry the average income in America doesn't support the average cost of a home.