I’m a new dad, I moved to the Bay Area a few years ago and I’m thinking of purchasing a single family home, 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? I heard Nvidia and AMD are strong buys.
Certain Ai companies are rumoured to be overvalued and might cause a market correction, 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.
Can't divulge much Carol Vivian Constable is the advisor that oversees my portfolio. She's an extremely intelligent person, very thoughtful, cautious, and has an outstanding credentials, it's easy to find her on the web.
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.
That will never get better for anyone making 50,000 dollars a year .and most people can't afford rent at today's prices. That is why people are living on the street.
@goldwingerppg5953 true, my parents did same, the issue is value of the dollar is much less. Back then my family could afford 15% rate, 2 car payments and 3 kids on one salary, very little chance of that now.
More than greed, high taxes, regulations. Allowing foreigners, including China to own property, often near military bases and other sensitive sites and allowing companies like Vanguard to buy up entire Neiborhood's and then turn the houses into rentals all plays a role.
@@Oldcarnut63do the republicans care? You’d think they would give us back our tax dollars to help our economy but they are screaming to send our tax dollars to Israel?
Basel lll. The Federal Reserve and B.I.S. are causing this. Currency has to tied to a finite tangible value. The Organizations We the People look to, to solve the problem, are the very same Organizations that are causing the problems, while absorbing tangible assets.
“Fed not letting that happen”? Means the US tax payer covers big banks again. Let it fail, it’s time we take the bitter pill. If your in debt and not ready. Tough.
Best thing for young people is to buy an acre or two and build a small 2 bedroom one bath with a large living room and kitchen. Then add on bedrooms as needed.
Land is overvalued, materials are overpriced, you need to hire someone to scale the land and the inspector - who will charge you an arm and a leg. Not to mention all the free time you need if you're building it yourself. Neither option, buy existing or build your own, is feasable.
It's all part of the 'Great Taking.' As Klaus Schwab says, {You will have nothing..." That part of his statement is true, but the rest of what he said, "and you'll be happy", is a bald-faced lie,
@@mrchad97z49 you got that incorrect. Low interest does push prices higher, but the BANK makes less $$$ on you with the lower rate. Also, prices may go higher but people can afford the payments. So it's a win win.
@@mrchad97z49 prices of everything is going up because the actual value of the dollar is going down substantially relative to gold (which is at an all time high)
Mortgages should be 10/10... 10% interest for no longer than 10 years. But the last thing our corrupt system wants is a bunch of 40 year olds with no debt.
I am a single father, I bought my daughter a house last month, I will continue to preach your name for the whole world to hear that you saved me from a huge financial debt with just a small investment, thank you Kristy Loreca, for saving my life.
The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.
I'm surprised you also trade with Kristy Loreca, she's the best at what she he does. At first i was afraid too before i gave it a try and realized fear kills dream more than failure.
Getting Kristy Loreca really helped me pay off all my debts, she's the best at what she he does. At first i was afraid too before i gave it a try and realized fear kills dream more than failure.
just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
7% on a 150k home is $800 a month. 7% on the now average 400k home is $2300 a month. That's why it is unaffordable. This is just in interest per month.
Just Biden? You need to give credit where credit is due. If the rest of our politicians were honest and took their oath of office seriously, Biden would be greatly hindered. Besides, only Congress has the power of the purse, but maybe you didn't have Civics in your education system.
Who didn’t see this coming? It started with the mortgage crisis in 2007 and the Great Recession. They didn’t start rolling back QE until 2022. You can thank the Federal Reserve. Remember back in 2019 when Trump threatened to fire Jerome Powell because he raised interest rates to start rolling back QE? The markets reacted violently. So Powell lowered rates. The Federal Reserve lost it independence that day. Thank the Federal Reserve for inflation and high interest rates.
We are living in very difficult times. I call it the "age of the rip-off". Even here in Europe, housing has become unaffordable. I am German and live in Germany. Most people rent here because condominiums and owner-occupied houses have become unaffordable. In the big German cities, a small condominium already costs several hundred thousand dollars. Even in Europe, the salary of most employees is barely enough for daily survival. People only work to pay the bills. There is hardly anything left over. In Germany, 20% of the population are at risk of poverty. The German press recently reported on this. Best wishes to all! 🇩🇪 🇺🇲
Basel lll. The Federal Reserve and B.I.S. are causing this. Currency has to be tied to a finite tangible value. The Organizations We the People look to, to solve the problem, are the very same Organizations that are causing the problems, while absorbing tangible assets.
There's another option you're not considering. You look at the problem using their defined parameters and particularly the continued use of their fractional reserve fiat currency. Consider that for the first time in history we have the technology to migrate to a totally paperless ecurrency that these globalist bankers can't control or counterfeit. Bitcoin with all its flaws does prove the working concept of distributed ledger blockchain technology. What if we took this blockchain foundation and added a point of sale interface, a credit scoring system, web and mobile interfaces all based on a general ledger database foundation. This would eliminate not only state control over our medium of exchange but also inflation, deflation and the need for charging interest on a loan.
@@jtomahawk7825 The two organizations that William mentioned above are not "government" entities. The Federal Reserve Corporation is a privately owned corporation that is controlled by the same globalist bankers that run the BIS. The root of all our economic problems and many more is the type of fiat currency these organizations lend us to use. It's a ponzi scheme that is in its latter stages of collapse.
@@jtomahawk7825 That's what I said. The Federal Reserve and Bank of International Settlements are the Private Sector. Neither the Federal Reserve or Bank of International Settlements are Government Agencies.
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.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
True, A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Carol Vivian Constable 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..
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighborhood that cost around $450k in sales in 2019 are now going for $800 to $950k. Every seller in my neighborhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.
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.
In the United States, folks living in cars because they're not fully housed is a mix of different problems. Rent and house prices are high compared to what people earn, and wages aren't going up much. Losing a job, not having a strong support system, medical bills, getting kicked out of a place, and not having cheap housing all add to the issue. There are also bigger problems in the system and not enough good rules to fix things.
Things might actually get worse. Soon, homes that are supposed to be affordable won't be anymore. I suggest people do whatever they want to do now because the prices today will seem low in the future. Unless the government takes stronger action, I believe we're going to see a lot of panic because prices are going up a lot. You can't slowly take off a bandage; it has to happen all at once.
In the current circumstances, it's wise to diversify by moving investments from real estate to financial markets or gold, despite potential future drops in home prices. Considering prevailing mortgage rates and economic uncertainty, seeking advice from a knowledgeable independent financial advisor is advisable for guidance.
@@KelvinWallace would greatly appreciate if you could share some information about your financial advisor. I'm also interested in making positive changes to my finances this year, so any insights would be highly valuable to me.
My CFA ’Marisa Breton Dollard’ , 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.
@@KelvinWallace I've come across a lot of recommendations but this one stands out. Marisa Breton Dollard" resume is pretty sophisticated, and shows she was active during the last bear market, I also emailed her. Thanks for the info!
Homebuilders are about to be crushed. They are buying down interest rates so they can keep their revenue high for now and eventually that all ends and they are paying the interest on all these loans. Those stocks are way overvalued.
I looked at existing homes for 2 years and all I found was old, outdated, overpriced, junk. Getting new construction built for the same price but all new. Insurance is half the price as well.
Hello! Why is the fleecing of the tax payer to bail out the banks (but again) not even mentioned in this "report"? When you factor in the resulting effective mortgage rates are closer to 20%. The federal government (definitely not for the people) the fed and banks cullud in this fleecing. (Nice suit Charles)
Median house price where I live is $800k. The towns surrounding the small city (which used to be a town 10 years ago) the median house prices are $650-750k. Newly remote corporate folks flooded my area in the last few years and completely upended everything.
You forgot to mention that in residential real estate, big firms like Black Rock are buying a lot of real estate with cash, and there have been a lot of deep pocketed foreign investors doing the same, especially if their economy is in trouble. A lot of the tech firms in particular caved in to their workers desire to "work from home" during the pandemic, and even now (i.e. San Francisco). Hind sight is 20/20, but the overreaction from COVID really killed city economies in many cities, especially downtown.
Interest rates are not gonna come down if anyone thinks. $1 trillion of debt from the interest of our national debt is due every 100 days as of now it’s due in 98 days. IMF sends a letter to Congress April of this year warning them of our deficit and that we have no money. Fun times fun times. However America, we will still have our taxes due. We will still have to pay for their mistakes as always sounding a little salty you’re darn right.
Commercial real estate is in big trouble. There is something like $90 Billion in readjusting loans in 2024. And another same amount in 2025. And with rates around 8%, office space could be in a lot of trouble.
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
Here's one really simple question: Why hasn't there been an up stick in home building? No one needs to be an expert to understand that's the root of the problem! Who's holding back builders from building? Seems like this is being orchestrated on purpose!
Before the mortgage crisis there were too many houses so they let anyone with a pulse get one. Then Congress made getting a loan harder so home builders stop building houses since people couldn’t afford them. Well they continued building expensive homes. Now it’s a mess all around for the seller and buyer.
Ohh my God I can't believe someone just mentioned Mrs Giovanna Patrick I have investing in her platform she's the best when it comes to crypto investment
I don’t know why many think one job does the trick. You have always needed some other source of income. One job is average and you want to be better than average.
This was exactly what I was trying to say, but have not heard anyone speak about this. People automatically say “if interest rates go down, then prices will go up”. But they are not seeing the other side of it too. Interest rates are going up and prices seem to be going up as well. Higher interest rates are keeping sellers from listing their home since they don’t want to buy a new home with the newer high interest rates. I don’t own a home, but I did sell a couple of my cars for way above what I paid for them recently, and I still have not bought a new car because I don’t want to pay for those inflated prices. So I am just waiting on the sidelines for now. An argument against what I think would be the reason why inflation is still up is due to the fed still printing money currently. But I don’t think what I said is not valid either.
super good reporting. I took a local "parade of homes" tour... they show off new houses to the public. There was a 3D printed house!! so cool. You could design it anyway you wanted too. Sky's the limit with this new way to build a structure. No wood, or building materials to mold, or decay, termites, etc. Concrete multi walled for strength. Really cool. ultra insulated with the "inner wall". Possible wave of the future!!
But the rates can’t go down if the bond market doesn’t recover. How does the bond market recover if they keep selling bonds at the clip they are selling them.
I am all for the rich getting richer. All that wealth is going to trickle down my way, and oh wow, just imagine how awesome that trickle is going to be if the rich get even richer, can you imagine? I love capitalism and our corporations, they are doing this for our benefit, don't you get it? Can hardly wait for that trickle.. one day..
Dumb. Stop being part of the problem and become part of the solution. There’s plenty of opportunities available to become part of the upper class. The choice is yours. Stop blaming everyone else. It’ll keep you right there.
@@philipdamask2279 You are so right.. i mean, thank God that the jobs pay so well that I can just barely afford the rent and food that keeps going up every year, faaaaar outpacing the real wage growth, thank heavens I am paid enough to survive, thank God i have the opportunity to get an education, and have the option of paying back $300,000 in interest-based loans! It must mean i am getting some incredible education that people 30 years my senior did not receive when tuition was merely a couple thousand a year.. I should thank my lucky stars for my corporate masters. I mean, if it weren't for the jobs these corporations are creating so that I could serve my masters being paid at subsistence levels for the masses, minus the deputized corporate stooges at the corporate level, I don't know if I could find a purpose and meaning in my own life with all that freedom. Yes.. it makes sense that I must fork over MORE of my own money to pay for the same goods and services, and make sure my masters are making record profits at my expense, because oh man, this is called an "investment" into that future i keep hearing from the headmasters.
Not once did they detail where these foreclosures are occurring. They also didn't compare the foreclosure number to past foreclosure numbers. A lot of information left out here. This is bad reporting and clickbait all wrapped up in one.
Builders don't build small homes because there is no money to be made.. the cost per square foot on a 1,700 square house is way higher than on a 3,800 square foot house. Many cost to build.. site work, well/septic or utility hooks ups, survey etc are the same regardless of home size. Even the variable cost get cheaper when you go bigger.
It's also a very bad theory that is fundamentally flawed. Rent is high cause of algorithms among other things. High interest rates need to be there for a longer period of time. At least until the new house building increases. If anything, talk about how to reduce the cost of new development.
I have a 9 year seasoned 30 year mortgage at 3.325 that's assumable for about 50 % of home value, I would think that this would be a great selling tool as every payment to the lower interest rate mortgage is much less intrest and a lot more principal reduction. Am I missing something?
I can’t afford rent in California so I’m having to move to another state. Crazy as it sounds. I am so discouraged right now as I would love to buy a home!!
Min 5;27If you cut rates……. What in the world are you thinking? As a professional, you actually think lower rates will help reduce inflation, or will it fuel the inflation, that’s the question you should be studying. Don’t give your viewer false hopes.
Office buildings going down and work from home programs failing. God candian fo. Has had to hire consultants out the wazo cause nothing is getting done
I’m a new dad, I moved to the Bay Area a few years ago and I’m thinking of purchasing a single family home, 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? I heard Nvidia and AMD are strong buys.
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 and pharm. stocks like Pfizer and JnJ.
Certain Ai companies are rumoured to be overvalued and might cause a market correction, 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.
@@Johnlarry12 this is all new to me, where do I find a fiduciary, can you recommend any?
Can't divulge much Carol Vivian Constable is the advisor that oversees my portfolio. She's an extremely intelligent person, very thoughtful, cautious, and has an outstanding credentials, it's easy to find her on the web.
When average middle class Americans cannot buy a home, you know the system is broken.
Most people can not manage their own money.
Thank the global pandemic and Blackrock buying up all the housing stock
Only Americans get a 30 year fixed deal..stop whining
@@Hypocrisywatch1 huh?
You make 0 sense
Its ok we gave worldwide criminals 100 billion...........
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 site doing my due diligence. She seems proficient. I wrote her an email and scheduled a phone call. Thanks for sharing
That will never get better for anyone making 50,000 dollars a year .and most people can't afford rent at today's prices. That is why people are living on the street.
A lot of people are living on the street because they love drugs. Or they are free spirits.
It's the drugs and alcohol that fuels homelessness.
Or they've moved back in with family
I bought my first house when interest rates were 12% and I worked two jobs.
@goldwingerppg5953 true, my parents did same, the issue is value of the dollar is much less. Back then my family could afford 15% rate, 2 car payments and 3 kids on one salary, very little chance of that now.
She misses 1 fact, we are broke
America is broken because of greed.
That's what it is GREED !!!😡
More than greed, high taxes, regulations. Allowing foreigners, including China to own property, often near military bases and other sensitive sites and allowing companies like Vanguard to buy up entire Neiborhood's and then turn the houses into rentals all plays a role.
Because of Biden
@@TonydaGMor trump
No its because of Biden and his policies@odelltaylor1724
This is a HUGE issue!
Biden dosent think so 😡
@@Oldcarnut63do the republicans care? You’d think they would give us back our tax dollars to help our economy but they are screaming to send our tax dollars to Israel?
Janet Yellen did say she “regrets saying inflation was transitory.” That should say it all. It’s not going away.
janet yellen is a token hire. she is a low iq stroke survivor.
Homes up 300% wages nearly flat or up 2% doesn't matter where you live its currently impossible
Think the federal government is hoping that there would be a national of renters
It’s more profitable for the big investors
Basel lll.
The Federal Reserve and B.I.S. are causing this.
Currency has to tied to a finite tangible value.
The Organizations We the People look to, to solve the problem, are the very same Organizations that are causing the problems, while absorbing tangible assets.
“Fed not letting that happen”? Means the US tax payer covers big banks again.
Let it fail, it’s time we take the bitter pill. If your in debt and not ready. Tough.
Many of the people buying are either foreign or large corporations.
Best thing for young people is to buy an acre or two and build a small 2 bedroom one bath with a large living room and kitchen. Then add on bedrooms as needed.
Building codes will make even that size home expensive.
Where will they get the money from for that 150k shack?
Land is overvalued, materials are overpriced, you need to hire someone to scale the land and the inspector - who will charge you an arm and a leg. Not to mention all the free time you need if you're building it yourself. Neither option, buy existing or build your own, is feasable.
The market isn’t moving for people with money! The market is moving for huge investment firms that are buying up everything
IE; Blackrock, Statestreet, and others, but those are the two largest.
@@AJDIAS-ov1zd *blackstone
It's all part of the 'Great Taking.' As Klaus Schwab says, {You will have nothing..." That part of his statement is true, but the rest of what he said, "and you'll be happy", is a bald-faced lie,
Blackstone just handed the keys over to a $300m property… this is just the start. We manage 161k units… trust me, this markets about to get nuts.
Rates will never be 3-4 percent in our lifetime again!
I hope they never go down. Because low interest has fueled high home prices. The price is the main thing.. Not the interest.
@@mrchad97z49 you got that incorrect. Low interest does push prices higher, but the BANK makes less $$$ on you with the lower rate. Also, prices may go higher but people can afford the payments. So it's a win win.
@@mrchad97z49 Prices haven't come down. They won't. My home value has steadily gone up.
How long you got left to live?
@@mrchad97z49 prices of everything is going up because the actual value of the dollar is going down substantially relative to gold (which is at an all time high)
Rates aren't the problem.. the cost is too high.
Mortgages should be 10/10... 10% interest for no longer than 10 years. But the last thing our corrupt system wants is a bunch of 40 year olds with no debt.
FJB
Trump
10,000%
Yes. We need our great President back!
@@republicunited2183amen!
I am a single father, I bought my daughter a house last month, I will continue to preach your name for the whole world to hear that you saved me from a huge financial debt with just a small investment, thank you Kristy Loreca, for saving my life.
The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.
I'm surprised you also trade with Kristy Loreca, she's the best at what she he does. At first i was afraid too before i gave it a try and realized fear kills dream more than failure.
Getting Kristy Loreca really helped me pay off all my debts, she's the best at what she he does. At first i was afraid too before i gave it a try and realized fear kills dream more than failure.
just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
Please I'm new to this, how can I get her assistance?
Keep the people at home in their 15 minute cities. Commercial buildings empty. Worthless buildings
Agenda 21
the property taxes in CA are so high Even if interest rates drop houses will still be un affforadable
i'm so glad i'm 100% property tax exempt for the multiple acres i own.
@@beeeboopbeepboop Property tax is the most evil tax
@@Dan-z6b3d i agree
most homes/condos/townhouses in SoCal where I live have $300-500/month HOA on top
It’s kind of something when they say you will own nothing and be happy and then see the state of the country
7% on a 150k home is $800 a month. 7% on the now average 400k home is $2300 a month. That's why it is unaffordable. This is just in interest per month.
It's actually even a bit more than that! 30 year. Interest only. Wow!
Ya thanks to Biden and his political crap.
No thanks the the 8 trillion debt left by the maga mob boss!
Just Biden? You need to give credit where credit is due. If the rest of our politicians were honest and took their oath of office seriously, Biden would be greatly hindered. Besides, only Congress has the power of the purse, but maybe you didn't have Civics in your education system.
@@mkaberli614 Great reply..
Who didn’t see this coming? It started with the mortgage crisis in 2007 and the Great Recession. They didn’t start rolling back QE until 2022. You can thank the Federal Reserve. Remember back in 2019 when Trump threatened to fire Jerome Powell because he raised interest rates to start rolling back QE? The markets reacted violently. So Powell lowered rates. The Federal Reserve lost it independence that day. Thank the Federal Reserve for inflation and high interest rates.
We are living in very difficult times. I call it the "age of the rip-off". Even here in Europe, housing has become unaffordable. I am German and live in Germany. Most people rent here because condominiums and owner-occupied houses have become unaffordable. In the big German cities, a small condominium already costs several hundred thousand dollars. Even in Europe, the salary of most employees is barely enough for daily survival. People only work to pay the bills. There is hardly anything left over. In Germany, 20% of the population are at risk of poverty. The German press recently reported on this. Best wishes to all! 🇩🇪 🇺🇲
People can’t even afford rent anymore it’s taking multiple jobs just to pay for shitty no amenity apartments and $500-$800 electric bills in Texas
Basel lll.
The Federal Reserve and B.I.S. are causing this.
Currency has to be tied to a finite tangible value.
The Organizations We the People look to, to solve the problem, are the very same Organizations that are causing the problems, while absorbing tangible assets.
There's another option you're not considering. You look at the problem using their defined parameters and particularly the continued use of their fractional reserve fiat currency. Consider that for the first time in history we have the technology to migrate to a totally paperless ecurrency that these globalist bankers can't control or counterfeit. Bitcoin with all its flaws does prove the working concept of distributed ledger blockchain technology. What if we took this blockchain foundation and added a point of sale interface, a credit scoring system, web and mobile interfaces all based on a general ledger database foundation. This would eliminate not only state control over our medium of exchange but also inflation, deflation and the need for charging interest on a loan.
It is the private sector that is causing this issue. Government just has to go with the flow.
@@jtomahawk7825 The two organizations that William mentioned above are not "government" entities. The Federal Reserve Corporation is a privately owned corporation that is controlled by the same globalist bankers that run the BIS.
The root of all our economic problems and many more is the type of fiat currency these organizations lend us to use. It's a ponzi scheme that is in its latter stages of collapse.
@@jtomahawk7825
That's what I said.
The Federal Reserve and Bank of International Settlements are the Private Sector. Neither the Federal Reserve or Bank of International Settlements are Government Agencies.
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.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
True, A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Carol Vivian Constable 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..
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
If people are out of work you don’t need commercial space.
Bidenomics
Vote the democrats OUT! Trump 2024…
Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighborhood that cost around $450k in sales in 2019 are now going for $800 to $950k. Every seller in my neighborhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.
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.
Home prices doubled in the lowest interest rates in history. Lowering rates will only hurt prices worse
$20 for 1/2 inch O.S.B is a big reason nobody is building all lumber is through the roof.
In the United States, folks living in cars because they're not fully housed is a mix of different problems. Rent and house prices are high compared to what people earn, and wages aren't going up much. Losing a job, not having a strong support system, medical bills, getting kicked out of a place, and not having cheap housing all add to the issue. There are also bigger problems in the system and not enough good rules to fix things.
Things might actually get worse. Soon, homes that are supposed to be affordable won't be anymore. I suggest people do whatever they want to do now because the prices today will seem low in the future. Unless the government takes stronger action, I believe we're going to see a lot of panic because prices are going up a lot. You can't slowly take off a bandage; it has to happen all at once.
In the current circumstances, it's wise to diversify by moving investments from real estate to financial markets or gold, despite potential future drops in home prices. Considering prevailing mortgage rates and economic uncertainty, seeking advice from a knowledgeable independent financial advisor is advisable for guidance.
@@KelvinWallace would greatly appreciate if you could share some information about your financial advisor. I'm also interested in making positive changes to my finances this year, so any insights would be highly valuable to me.
My CFA ’Marisa Breton Dollard’ , 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.
@@KelvinWallace I've come across a lot of recommendations but this one stands out. Marisa Breton Dollard" resume is pretty sophisticated, and shows she was active during the last bear market, I also emailed her. Thanks for the info!
My mortgage payment $1750, if I sold and bought back my house, my payment? $5,000!!!!
Homebuilders are about to be crushed. They are buying down interest rates so they can keep their revenue high for now and eventually that all ends and they are paying the interest on all these loans. Those stocks are way overvalued.
I looked at existing homes for 2 years and all I found was old, outdated, overpriced, junk. Getting new construction built for the same price but all new. Insurance is half the price as well.
TRUMP
Printed 8 Trillion. Bent to big farma.
He was president. Are you richer?
Don't worry guys! Residential real estate is going to skyrocket! Keep buying!
FJB broke the markets all of them!!! 🤡🤡💩
F J Powell as well
Even if he wanted to, Biden could not do this alone. Dust off your middle school civics textbook.
I bought a house with a 16% mortgage in 82. I refinanced it 3 times as rates dropped.
Yea but the total cost of the house was probably $50,000 not $750,000… that’s the problem single family homes are selling for outrageous prices
@@mikejones3155exactly, the price is the most important factor
Hello! Why is the fleecing of the tax payer to bail out the banks (but again) not even mentioned in this "report"? When you factor in the resulting effective mortgage rates are closer to 20%. The federal government (definitely not for the people) the fed and banks cullud in this fleecing. (Nice suit Charles)
Residential real estate crash.
We have been in a recession ever since Biden took office 🤷🏻♂️
See many vacant business locations in Lake/McHenry Counties Illinois.
Rates are Not the problem . Historically High Home Prices are the problem .
No body talking about marriage divorce rates skyrocketing becuz of economy issues??
If houses are sold all cash thats corporations not people dont mistake the 2. Make it illegal for corporations to buy homes, we need to ASAP
Real Estate is no place for the loan dependent & debt laden. Cash is King.
Tell that to Trump, that’s why he’s in so much financial and legal trouble.
In other words the US has to have 0 rates for it to survive
Median house price where I live is $800k. The towns surrounding the small city (which used to be a town 10 years ago) the median house prices are $650-750k.
Newly remote corporate folks flooded my area in the last few years and completely upended everything.
You forgot to mention that in residential real estate, big firms like Black Rock are buying a lot of real estate with cash, and there have been a lot of deep pocketed foreign investors doing the same, especially if their economy is in trouble.
A lot of the tech firms in particular caved in to their workers desire to "work from home" during the pandemic, and even now (i.e. San Francisco). Hind sight is 20/20, but the overreaction from COVID really killed city economies in many cities, especially downtown.
Don’t allow private equity and foreign capital to buy single family homes. This isn’t hard.
Interest rates are not gonna come down if anyone thinks. $1 trillion of debt from the interest of our national debt is due every 100 days as of now it’s due in 98 days. IMF sends a letter to Congress April of this year warning them of our deficit and that we have no money. Fun times fun times. However America, we will still have our taxes due. We will still have to pay for their mistakes as always sounding a little salty you’re darn right.
home prices are still unaffordable even price all the small price drops recently!!!😳😳😳😳
Commercial real estate is in big trouble. There is something like $90 Billion in readjusting loans in 2024. And another same amount in 2025. And with rates around 8%, office space could be in a lot of trouble.
Those commercial buildings would make a wonderful free home for the new ones
I know nothing about trading /investment and l'm keen on getting started. What are some strategies to get started with?
As a beginner, it's essential for you to have a mentor to keep you accountable. I'm guided
by a widely known crypto
consultant
Mrs Kathy Lynne Colby
This is correct, Kathy's strategy has normalized winning trades for me also and it’s a huge milestone for me looking back to how it all started..
Kathy is considered a key Crypto Strategist with one of the best copy Trading Portfolios and also very active in the cryptocurrency space.
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
Here's one really simple question: Why hasn't there been an up stick in home building? No one needs to be an expert to understand that's the root of the problem! Who's holding back builders from building? Seems like this is being orchestrated on purpose!
Before the mortgage crisis there were too many houses so they let anyone with a pulse get one. Then Congress made getting a loan harder so home builders stop building houses since people couldn’t afford them. Well they continued building expensive homes. Now it’s a mess all around for the seller and buyer.
Please can anyone tell me the best digital assets to invest in
Invest in Bitcoin
I made about $50k last week after investing with Mrs Giovanna Patrick
Ohh my God I can't believe someone just mentioned Mrs Giovanna Patrick I have investing in her platform she's the best when it comes to crypto investment
Just last week I made about $30k investing in Mrs Giovanna Patrick platform she's the best
If you are investing with Mrs Giovanna Patrick then you are 100% ahead to success
I don’t know why many think one job does the trick. You have always needed some other source of income. One job is average and you want to be better than average.
This was exactly what I was trying to say, but have not heard anyone speak about this. People automatically say “if interest rates go down, then prices will go up”. But they are not seeing the other side of it too. Interest rates are going up and prices seem to be going up as well. Higher interest rates are keeping sellers from listing their home since they don’t want to buy a new home with the newer high interest rates. I don’t own a home, but I did sell a couple of my cars for way above what I paid for them recently, and I still have not bought a new car because I don’t want to pay for those inflated prices. So I am just waiting on the sidelines for now. An argument against what I think would be the reason why inflation is still up is due to the fed still printing money currently. But I don’t think what I said is not valid either.
Bidenomics!
super good reporting. I took a local "parade of homes" tour... they show off new houses to the public. There was a 3D printed house!! so cool. You could design it anyway you wanted too. Sky's the limit with this new way to build a structure. No wood, or building materials to mold, or decay, termites, etc. Concrete multi walled for strength. Really cool. ultra insulated with the "inner wall". Possible wave of the future!!
it went down to 2.5 million because of crime
We must remove 100 % of all investment money out of residential resale real estate of four units or less ....
But the rates can’t go down if the bond market doesn’t recover. How does the bond market recover if they keep selling bonds at the clip they are selling them.
Mmm, people don't have money 😒
Why are all freaking about a fed rate of 5.5%?
I am all for the rich getting richer. All that wealth is going to trickle down my way, and oh wow, just imagine how awesome that trickle is going to be if the rich get even richer, can you imagine? I love capitalism and our corporations, they are doing this for our benefit, don't you get it? Can hardly wait for that trickle.. one day..
Dumb. Stop being part of the problem and become part of the solution. There’s plenty of opportunities available to become part of the upper class. The choice is yours. Stop blaming everyone else. It’ll keep you right there.
I love capitalism too. It provided the work I needed to leave poverty behind. Thanks.😊
Who do you think is building or producing all the things those rich people are buying? Is your job benefiting?
@@philipdamask2279 You are so right.. i mean, thank God that the jobs pay so well that I can just barely afford the rent and food that keeps going up every year, faaaaar outpacing the real wage growth, thank heavens I am paid enough to survive, thank God i have the opportunity to get an education, and have the option of paying back $300,000 in interest-based loans! It must mean i am getting some incredible education that people 30 years my senior did not receive when tuition was merely a couple thousand a year.. I should thank my lucky stars for my corporate masters. I mean, if it weren't for the jobs these corporations are creating so that I could serve my masters being paid at subsistence levels for the masses, minus the deputized corporate stooges at the corporate level, I don't know if I could find a purpose and meaning in my own life with all that freedom. Yes.. it makes sense that I must fork over MORE of my own money to pay for the same goods and services, and make sure my masters are making record profits at my expense, because oh man, this is called an "investment" into that future i keep hearing from the headmasters.
The Trickle Down Theory just meant that We the People were just getting whizzed on by our Corporate 'betters'.
Not once did they detail where these foreclosures are occurring. They also didn't compare the foreclosure number to past foreclosure numbers. A lot of information left out here. This is bad reporting and clickbait all wrapped up in one.
It was the best of times. It was the worse of times.
People are too scared to work in the crime ridden cities
People are scared to work, period.
Had rents and home prices not skyrocketed rates would not have to be raised, lower the prices not the rate
Builders don't build small homes because there is no money to be made.. the cost per square foot on a 1,700 square house is way higher than on a 3,800 square foot house. Many cost to build.. site work, well/septic or utility hooks ups, survey etc are the same regardless of home size. Even the variable cost get cheaper when you go bigger.
No crash where are the foreclosures
A community of 7500 homes was just approved near my small Arizona town. I cannot phantom that staggering amount of houses... in the desert no-less.
Which then will lead to a water issue.
The cost of all the expensive virtue-signalling has still to fully impact the national economy. It's just a matter of time now . . .
Move to 100 miles from city and job to buy a house since house is affordable there. What kind of logic is this? Would you do the same?
Didn't mr. Buffet tell is this would happen???
property tax will eat up your retire saving account
Aren't we already in a recession? I would have liked that question to be asked/answered for this segment. Thanks
These people have no idea what they’re talking about. It’s all going to collapse.
Rents are still to high also!!!
It's also a very bad theory that is fundamentally flawed. Rent is high cause of algorithms among other things. High interest rates need to be there for a longer period of time. At least until the new house building increases. If anything, talk about how to reduce the cost of new development.
Science did that..
😂
I have a 9 year seasoned 30 year mortgage at 3.325 that's assumable for about 50 % of home value, I would think that this would be a great selling tool as every payment to the lower interest rate mortgage is much less intrest and a lot more principal reduction. Am I missing something?
I can’t afford rent in California so I’m having to move to another state. Crazy as it sounds. I am so discouraged right now as I would love to buy a home!!
!? 60% of all homes in NY sold for cash in Q1 !?
100% correct but the rent is not "sticky". Rents are going to surge.
The six figure renters would not be buying even if rates were lower. The prices of the homes will not last, and people know it.
Min 5;27If you cut rates…….
What in the world are you thinking?
As a professional, you actually think lower rates will help reduce inflation, or will it fuel the inflation, that’s the question you should be studying.
Don’t give your viewer false hopes.
Note to sell, buy the biggest home you can in order to get the best value. All the big homes are discounted!
Who would want to invest in or buy commercial real estate when more people are working from home more than ever?
Investing as a regional bank is like gambling with the casinos money, that's the real problem. The Fed needs to stop bailing them out.
Office buildings going down and work from home programs failing. God candian fo. Has had to hire consultants out the wazo cause nothing is getting done