Back in the day, when I purchased my first home to live-in; that was Perth 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.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Rebecca Lynne Buie for about 3 years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
@@BenState you can check, NYSE market cap increased by $1.5 Trillion since the election day to previous close on 13th December, FTSE uk market cap increased by £250B, Asia Shanghai Composite by $630B. Then total global crypto Marketcap increased by $1.3Trillion led by Bitcoin. Global average crude oil prices reduced by $0.65 per barrel. My friend if this is not a sign of a boost in confidence from broader global economies, I don’t know what else
Back in the day, when I purchased my first home to live-in; that was Perth 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.
@@hasede-lg9hj Impressive can you share more info?
Impressive can you share more info?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Rebecca Lynne Buie for about 3 years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
If at all trumps win has boosted the overall confidence in broader economies. Stop the nonsense
If it’s on your screen it’s nonsense 100% of the time. Trump was voted in based on the concept of people are tired of being treated like idiots
@@nq6417 The irony.
Can you provide any citation for your claim?
@@BenState you can check, NYSE market cap increased by $1.5 Trillion since the election day to previous close on 13th December, FTSE uk market cap increased by £250B, Asia Shanghai Composite by $630B.
Then total global crypto Marketcap increased by $1.3Trillion led by Bitcoin.
Global average crude oil prices reduced by $0.65 per barrel.
My friend if this is not a sign of a boost in confidence from broader global economies, I don’t know what else