Are Houses Becoming Affordable Again? 

"Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such taskRead more

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.

this sounds considerable! think you know any advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Jessica Lee Horst” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.

How does that warrant a crash if demand outweighs supply

@@SuperBrownsugar95 bots man, they have no common sense

Go to an East Coast town or Cali...ur not close

@jimmyjay689 On California, Travis Scott - Kanye west is there and In East Coast Jay Z and 50 Cents is there. That's Why it will never be go Down because it's fuLL of Celebrity in those area.

@anonyghost7422 Your Brain is Bots Like your President Biden 🤷‍♂️ Do your Research, alot of Places is already dipping. Don't tell me, People still can afford 1.2 Million, Who can afford that ? Only Ryan Garcia able to able to afford that!

To balance out your real estate holdings, I suggest investing in equities. If you're cautious, even the worst recessions can present fantastic buying opportunities. Additionally, volatility can produce fantastic short-term purchase and sell opportunities. This is not financial advise, but you should buy immediately away because money isn't king right now!

Yes I concur, I've been talking to an advisor for long now, mostly because I lack the knowledge and energy to deal with these ongoing market circumstances. I made more than $220K during this slump, demonstrating that there are more aspects of the market than the average individual is aware of. Having an investing counselor is now the best line of action, especially for those who are close to retiring.

How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Melissa Terri Swayne for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

A lot of first time home buyers don’t know this (or even if they do they don’t fully realize the implications) and they jump in and get burned.

@@FeliPeltier yep, everything went up

More like 70%

I've seen worse than that same area

That’s cheap in Murrieta/Temecula 3bd 2bth are $600k+

@@jsperez240 ohhh heck nooo!

@@Mad-i134you think that bad riverside 700k+

It would make a great deal of sense to me to fix a place up at that price. Cheapest house in Riverside is $450k on Zillow

Homes aren't moving in san diego

I live in Fort Worth and this is true. My neighborhood has 5 homes for sale at this moment and they have been in the market for 2 or 3 months now. Compared to the previous years where they would have multiple offers as soon as it hit the market.

I live in Oklahoma City and looking to move back to DFW. I'm seeing some huge drops sometimes in Forth Worth, i've seen some house prices drop 80k, like the houses that were worth 320k in 2022, are now up to 240 K now.

Yup…I’m looking to buy but just decided to wait till Jan

Waiting for Denton County to drop 🤞🏾🤞🏾🤞🏾

Plus if you do buy and go negative equity you can’t refi even if rates drop sharply

They are offering 1 or 2 ye rate buy down, not for total 30 ye term.

Yeah bro but those new builds are in the outskirts and have been having QC isssues. They’re not perfect

New home builders are having issues selling that why they offering lower rates. It's cuz they are building huge 800k 900k an million plus brand new homes which most people can't afford let alone qualify for

Cheapest brand new single family's in my area start at 800k most are somehwrre in the 900s an there big homes 5000k plus square feet

Central FL is finally starting to level off, but prices are still not dropping by much

West Palm Beach here!! Prices are holding and hopefully going to keep rising!! 😃

What area are you in?

America 🇺🇸

@@Topofthehill777facts. Those houses are probably way overpriced. $600k+ i bet

It's 4% for the first year... then market rate.. I know because I went in interested..

My area it’s 4.99 and nobody is buying

What area? In I'm plano

I have a feeling the bidding wars won't happen this time around, economy isn't doing so well plus people don't have that FOMO pandemic like previously. Only way i think this will continue is if more NYers and Califronians keep flooding DFW but still if the houses get cheaper in those states it will lessen demand. At least in Ft worth the prices are dropping alot

@@santos2k1 I am watching the bidding wars happen in my neighborhood...there's not a question of whether or not they will, they are happening

@@santos2k1 Been putting offers on houses, and the good ones still get 4+ offers!

This is not true lol.

I know this lady you just mentioned. Evelyn Infurna Services is a portfolio manager and investment advisor. She gained recognition as a former employee at Goldman Sachs; a renowned investor she is. Evelyn Infurna has demonstrated expertise in investment strategies n has been involved in managing portfolios and providing guidance to clients.

I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Evelyn Infurna. I am at $128k right now and LOVING that you have to bring this up here

This is interesting. I heard a lot about the same person not long ago, please how can I contact her?

SHE’S MOSTLY ON TELEGRAMS APPS WITH THE BELOW NAME.

@Infurnaevely1

Following this. I’m also at 7 and would like to refi at 5 but have a second loan at 15k to pay off first. I kind of screwed myself there. Also have to have a down payment when refinancing.

Why buy down points? Wouldnt it be better to put that money into the market instead and just refi should rates drop in the next couple years? (if they do)

@Javiervadina , thank you. I’m not looking for more homes. I’m just wanting to share experience with those who didn’t own a home in 2008 or 1998. No one discusses the 1998 home crash since it was dwarfed by 2008. PS. I started keeping the general ledger for my dad’s business in 1978. My dad purchased his 1st new home then. Fed chair Volker had raised rates. The home was purchased at 18%. It cost $70,000 or $1000 per month. That was an insanely high mortgage then. Our previous rent was $300 (but was being raised ever 6 months) .I had no concept what all this really meant but I knew there was a Lot of family financial pressure month to month . Decades later, I recognized that particular huge interest rate hike pulled our country out of a financial death spin. I’m afraid many young people aren’t aware or prepared to truly understand the possibility of a long interest rate hike. I don’t feel superior for having lived through this… I’m just in a unique position to have kept financial records since 1977. 🙏🏽.

@@brandondurant1381 , a mortgage at $400,000 at 7% = $958,000 total pay out. Buying down one point if $4000 is 6% at $400,000 total payout = $863,000 pay out. That’s a guaranteed $95,000 savings on payoff of a home not including a $200 per month lowered mortgage. Just consider investing that extra $200 each month in stock for the next 30 years. It doesn’t have to be all or nothing. You can do both. 🙏🏽

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.

Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

@@joshbarney114 I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.

I definitely share your sentiment about these firms. Finding financial advisors like Marisa Breton Dollard who can assist you on things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

Give me 325 k I'll sell you my single family home directly from me as an owner by using Title company they do all the paper work and save a lot of money i am in winter park FL 15 min away from downtown orlando . 1074 Hamlet Dr Maitland, FL 32751 Zillow FSBO

AZ is in a rough spot in Phoenix

You can find that in Maricopa. Maricopa has the cheapest newish houses that are close to Phx metro

DING‼️ DING‼️ DING‼️💡

Keep prices from skyrocketing? They sky rocketed years ago here. 40% higher than what they should be….

This is tone deaf. Rates come down when the Fed has to stimulate the economy. This caused inflation. This idea that lowering rates will help affordability is completely ignoring the other things it affects. If and when rates come down? Expect everything else to go up. This is the worst part of lowering rates so people can access cheap credit.....it's the catalyst for inflation.

@@NoNo-ng9sl inflation generally drives rates, not the other way around. We saw this in the ~40 years right before COVID, and we are seeing it now after the Fed acknowledged inflation wasn't "transient". So I am not suggesting that the Fed should pull out the floor on interest rates. Just that if rates can continue coming down naturally thanks to lower inflation, we will get the sweet spot of lower rates and lower home prices, which means more affordability. The real fix for affordability in the US though is just to build more housing... which again would cool inflation by matching supply and demand better.... prompting the Fed to lower rates.... and increasing affordability. It's all connected.

​@@future62😂😂😂😂 There is no incentive to build more when everything costs more. The stake holders are fat. There's no reason to just build more to lower their margins. This is the issue folks. You cannot commoditize housing and expect the market dynamics not be applied. You cannot inject cheap money like we did in the last 4 years and magically believe inflation isn't the result. This is the reality. Housing will not be affordable anymore so long as it is tied to investment portfolios. There's no reason to "build more" as boomers will be dying.

​@@future62to be clear. In this asset inflated environment we're in. You either want cheap debt and inflated assets (benefiting the highest income earners). Or you allow "normal historical" rates to do their thing. Pick your poison. Continued asset manipulation from cheap rates. (This is whats affevting Japan)....Or allow some actual accountability in terms of risk under normal rates. Either way, a segment of the world is screwed. Housing is super commodotozed now. Allow it to correct instead of allowing a bubble to continue.

I got under 5% today.

Prices are dropping more in poor areas like Camden in nj now so thierr are some affordable homes at least still double what they were a few years ago

​@@sewerrat7612 who wants to live in Camden, NJ.....?

​@sakurauchiha03 you don't LIVE in Camden NJ.. not for long at least 🔫 lol

​@yepdontcarebud not sure why it's reputation is that bad it's not wonderful but thier are worse places in jersey

@@sewerrat7612 welp idk what to tell you other than you're flat out wrong lol they've had the highest violent crime rate of any city in NJ for decades, among the highest in the country in fact. It's a 3rd world country.

It's not just the prices, but also the increasing interest rates that are making it more difficult for people to afford homes. With a good FA you can make up your portfolio.

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 $850k.

That's impressive ! I could really use the expertise of these advisors.

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Sophia Maurine Lanting for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.

Well..maybe consider coming to the burbs??? Bigger houses , safer, taxes are a bit lower.

chicago prices never get too high or too low, compared to other large metro areas. yes, you can get a much bigger home in AZ or another smaller metro but overall it's not terrible. also, property taxes are high as a percentage (and they do keep getting higher, which is a huge issue), but when you factor in the home price, they're usually right in line. a nice townhome in LA or seattle would be nearly $1M where as it would be $400k in chicago metro; and even with a 2% prop tax rate in chicago, it comes out to about the same with CA or WA taxes at 0.75% and 0.8%.

@@tamarastone141 we would love nothing more, but we have city workers in our family and are landlocked.

@@byungs this is a great point when considering total cost of living. The only catch I see is that Chicago salaries don’t track with these totals. Seattle and LA both have nearly double the average household incomes. Chicago’s median income depending on the area is below 80k/year.

@PersonalBeautyLab I totally get it...I have city workers in my family as well...

A lot of the buyers are richer than you?

Bad area? Haitians?

Well, the problem with renting is, you never get rid of it.

You’re calling 1,500 sq ft shitty? Most of the World have homes under 900 sq feet … has the US become so obsessed with 2,500-5,000 sq ft McMansions? No need for so much space if most of you aren’t even having children anymore 😂

Investing in real estate and stocks might be a wise choice, particularly if you have a sound trading plan that can get you through profitable days.

You're not making mistakes; you just don't have the know-how to profit in a tough market. In such challenging times, only highly experienced individuals who went through the 2008 financial crisis can anticipate making significant profits.

Lately, I've been thinking about reaching out to consultants for advice. I'm at a stage where I could benefit from some guidance, but I'm uncertain if their services would truly be beneficial.

Desiree Ruth Hoffman, my CFA, is well-respected in her field. I suggest delving deeper into her qualifications. With her extensive experience, she serves as an invaluable asset for those seeking guidance in the financial market.

Thank you for this tip. I must say, Desiree appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.

@Javiervadina hi fake daddy can you give me kissed too

Well it’s useless to everyone with that mindset. You can’t expect me to pull up every single city in the US. As I said in the video, it’s valueble to know what specific questions to ask.

it’s a concept he’s showing, he never said he would make a video for you specifically. you can only lead a horse to water…