sorry, and I like Barbara, but she's dead wrong. the people that need housing can't afford ANY house at ANY price. The immigrants are dirt poor or were released from Central American prisons. They ALL fall below the Marginot line. Interest rates are NOT the issue. We paid double that rate a couple decades ago. The issue is single men choosing to stay single and stay at home well into their mid 30s. The issue is too many middle class people own multiple homes and are leveraged. The issue is the last boomer turns 65 in 2030. They are starting to die and 90% of inhereited houses are quickly liquidated and sold at discount. The snowball is going to last for 15 to 20 years or until the boomers are no longer the mass of the population.
She knows a lot more than you about real estate. You can't predict a real estate crash based on your emotions. The data points to prices going up. Real estate is mostly supply and demand. The supply is low and the demand is high right now, and nobody has a near term solution to the lack of supply.
@@macbr9 if you think this is 2022 still you need to do some more research price tag hasnt increase 1000 dollars since 2022 in a handful of states they only drop 20,000 50,000 120,000 dollars
What concerns me about the Good Lady’s info, is that this is exactly what we are, right before a real estate bubble bursting that starts a serious recession.
@@AKAAAKthese things take time. Home prices were record highs in 2002-2005 and then 6 years later the bubble popped. We are currently in year 4 of the bubble. We still have a few more years until it pops but when it finally does…. It’ll be extraordinary. Not only did buyers buy overpriced homes this time around but they also bought overpriced vehicles. And with all of the business closures lately they might loose their job also.
Why is the real estate market have a shortage of houses outside of California when california has 3 times more new listings than pending listings for the past three months?
You might be able to get a good price, but it will take longer to sell. Also, what would be the reason fed lowers rates? It will be due to weakness in the labor market.
With illegals flooding the market, suppressing wages while US citizens get fired (Tyson Foods, 42K layoffs) not to mention being flown to other states to turn them into California clones no worries there. In fact I predict an interest rate hike coming either summer or early fall. Can't wait to see April's CPI report.
The shortage is because rich institutional investors keep buying wholesale reel estates driving the demand and prices up! Unprecedented corruption will lead to severe consequences ....
I really think this is incorrect. Tl;dr look at the chart of total credit card debt in America. People don't have the credit score they did in 2020. If housing purchases go up from here it'll cause a surge in Subprimes again
Investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good?
