Buying In This Crazy Housing Market? (Watch This) 

Navigating a downturn can be challenging for many, especially when they're accustomed to thriving in bullish markets. However, with the right insights and strategies, substantial profits can still be made. It ultimately depends on your ability to identify promising opportunities and execute well-timed entries and exits.

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.

Could you recommend your advisor? I'll be happy to use some help.

Sonya lee Mitchell is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

I searched her full name online and found her webpage. I emailed to make an appointment to talk with her; hopefully, she gets back to me.

Anticipating the housing market in 2024 poses difficulties due to uncertainties about the Federal Reserve's ability to curb inflation and reduce borrowing costs without adversely affecting demand for assets like homes and automobiles.

Consider shifting from real estate to stocks during severe recessions. While market volatility presents short-term trading opportunities, it's crucial to approach with caution. This isn't financial advice, but investing during such times may be a strategic move, consider adopting the services of a financial expert.

@@mariaguerrero08 Can you suggest the financial expert you've been using? It appears you've had success with their guidance.

Definitely! It all happened in less than a year after *Gertrude Margaret Quinto* told me what to do. I started with less than $100,000, and now I'm about 17,000 short of having a quarter million dollars.

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

Nevertheless, there are certain investors who are still managing to generate substantial returns despite the unfavorable market conditions. Achieving similar results requires skill and expertise.

As the market continues to experience a downward trend, I have been diligently researching various strategies. Surprisingly, it appears that there are equal opportunities to achieve substantial gains in both bullish and bearish market conditions. I have come across stories of individuals who have managed to earn as much as $300k during this market downturn, and I am eager to uncover the tactics and approaches they employed to achieve such impressive results.

Undoubtedly, fiduciary counselors possess exclusive access to proprietary information and data sources that are not accessible to the general public. Under the guidance of my trusted fiduciary counselor, Camille Anne Hector , I successfully generated approximately $560k in net profits during the third and fourth quarters of 2022. With such promising results, I am eagerly anticipating the potential for further growth and success in the future.

Interesting, if you don't mind me asking Who is this person? and Is she really worth recommending?

If you are seeking to diversify your portfolio, it is crucial to consult with an advisor. In my case, I have been working with Stacie Lynn Winson, who can be easily found online and possesses extensive expertise in the financial markets. Engaging with a knowledgeable advisor like her can greatly enhance your understanding and decision-making in the world of investments

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

It's true that many people underestimate the importance of advisers until their own feelings burn them out. A few summers ago, following an ongoing divorce, I needed a significant push to keep my company afloat. I looked for licensed advisors and found someone with outstanding qualifications. She has contributed to my reserve increasing from $275k to $850k regardless of inflation.

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?

Aileen Gertrude Tippy‘’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

Aileen has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.

Consider investing in stocks especially during a recession . While recessions can be tough, they can also offer good chances to buy low and sell high in the markets if you're cautious. Just remember, this is not financial advice, but it's a good time to think about buying stocks since having cash on hand isn't always the best option.

You're right! With the help of an experienced coach, I made some changes in my investments. I started with $321k, and now I have more than $750k by investing in stocks, ETFs, and bonds. I think housing prices won't go down much until there are more houses available.

Mind if I ask you to recommend this particular coach you using their service?

I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Carol Vivian Constable turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.

I just checked her out and I have sent her an email. I hope she gets back to me soon

Home prices will come down eventually, but for now; its best to offset some of your real estate investments 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.

Personally, I can connect to that. When I began working with "Vivian Carol Gioia" a fiduciary financial counsellor, my advantages were certain. In these circumstances, I would always advise getting professional help so they can steer you through choppy markets and just give you indicators and strategies for knowing when to enter and exit the market.

@@Quason788 I'd be glad to get the help of one, but just how can one spot a reputable one? How did you spot this Vivian?

“Vivian Carol Gioia” maintains an online presence that can be easily found through a simple search of her name on the internet.

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

investors are extra cautious right now. They want to make sure they’re getting a good deal given how much mortgage payments have gone up, and when they don’t feel like they’re getting a good deal, they’re backing out, so definitely looking elsewhere is a necessity

They're saying the markets are supposed to fall next year. Probably for the next few I would imagine. If you're unsure to buy a house or not, it is best you seek guidance from a well-experienced advisor for proper portfolio allocation. So far, that’s how I’ve stayed afloat over 5 years now, amassing nearly $1m in return on investments

@colleen.odegaard wow massive gains! my partner recently hinted on going same direction.. what did you invest in, and who is your CFP please, if you don’t mind me asking? in dire need of asset allocation

What i can briefly share is; 'Monica Selena Park' deserves credit as one of the finest financial planners who decides what assets i acquire whilst skillfully diversifying my portfolio. Her reputation precedes her, and I highly recommend her on a public post, you can look her up to locate her online if you are internet-savvy

House! You won't be sorry in the long run. And you can always sell.

Smart choice. Getting a 15-year mortgage is a bad idea.

If you get a 15yr within the parameters of the total payment being under 25-30% of your total monthly take home it’s totally fine.

Dave would call you an idiot

Sure, but most normal humans can't do that practically speaking.

Almost nobody has the discipline to do that

Almost nobody can do that either. That requires discipline. Americans don't have the intelligence.

Amen

Refinancing into a 15 year mortgage was a great decision. Almost done paying off the mortgage which is half what my neighbor pays to rent his place. May not be for everyone, but I don't regret anything.

This, you can pay it down as fast as you want, locking into a 15 year deal just means you have no flexibility

That’s because you can think on your own and know what’s best for your situation. I watch Dave because it’s something I have done since the early 90s. It’s entertaining but rarely anything I don’t know. I even learned things at public library and done things like manual underwriting in early 90s before Dave Ramsey. Jill on Money and Clark Howard Show is my thing. More up to date and current on important things that interest me.

Curious why does it take 30 years to pay student loans...?

The truth is that if you make the right picks, you could make killer riches very quickly, although such profit usually needs expertise, as in hedge funds or financial managers. I personally prefer the latter.

Having an investment adviser is the best way to go about the stock market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly and I made over $800K within a short time

How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings

*Alicia Estela Cabouli* my FA, is a well-educated and seasoned expert in the financial industry. She is regarded as an authority in this sector and has a deep understanding of portfolio diversification.

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.

Won’t know until she find areas of waste. Need to start somewhere.

I was thinking the same thing. She has a kid I’m sure she know every penny coming and going

Her problem is not having a husband. 2>1

Ignoring the fact that they also told her to get a second job to gaslight people is wild.

I live on 35k and eat quite well, occasionally I have rice and beans with a side of chicken. It’s a Puerto Rican staple😊

I regret not buying a 2nd home when rates were that low.

@@secretsquirrel6718I feel the same. Should have bought a second one.

It's still all about becoming debt free and staying free.@@secretsquirrel6718

What advice was that?

@Camera_Operator most likely the 15 year mortgage bit.

Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge

Very true. Despite having no prior investing knowledge, I started investing before the pandemic and pulled in a profit of approximately $950k that same year. In reality, all I was doing was getting professional advice.

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?

There are a lot of independent advisors you might look into. But i work with Emily Lois Parker and we have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her

Thank you for this tip. it was easy to find your coach. Did my due diligence on her before emailing her. She seems proficient considering her résumé.. can I get a way to communicate with you as I have some questions

Certainty eludes everyone; thus, it's vital to establish your own methodology, handle risk, and adhere to your strategy unwaveringly. This commitment should endure challenges and successes, all while maintaining a commitment to ongoing learning and improvement.

Embracing uncertainty, I realized after five years that attempting to predict market outcomes through chart analysis was futile due to the unpredictable nature. My lack of a mentor led to six years of struggle. I transitioned to following the market's direction and adopting a straightforward, disciplined approach.

@@roberttaylor662 Who is the professional who is advising you, if you could perhaps tell us? As a novice investing in stocks without the correct direction of a professional, I have lost a lot of money.

I'm guided by Monica Amanda McClure an experienced coach with extensive financial market knowledge. While you can consider other options, her strategy has yielded positive results for me. She offers valuable insights, including entry and exit points for the securities I concentrate on.

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.

It is actually a really good time to buy new constructions as you can negotiate with builders lower fixed interest, and get them to pay some of the closing cost or all if you can get away with. Of course, you have to be prepared, 740+ credit, low DTI and a 20% down still crucial unless you want to be house poor.

Or people are living in affordable areas of the U.S. like myself.

@@blackworldtraveler3711what howler in West Virginia do you live in?

@@jukelohnson5095 Not familiar with your area. Get out more. It's a big country.

​@@blackworldtraveler3711makes all the difference

Having a child is scary.

@@charleslavoie5402 Very!!!!!

Being broke with chilDREN is even scarier!

Consider hiring financial advisors, estate planners or tax experts. They can provide specialized knowledge and help you navigate complex financial decisions. Right now treasuries and HYSAs pay 4.5-5% risk free, do that.

Agreed, instead of panic or following a hearsay, I simply adopted the service of an advisor early 2020 amid covid-outbreak, and so far, I've attained my most measurable financial milestone of $650k after subsequent investments.

nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?

When I curiously typed in her entire name to search online, I saw that her site was highly ranked and really professional. Thank you for sharing this; it has stoked my desire to achieve my objective again.

There's going to be no crash when the interest rates drop all the home prices increase everybody moving south home prices and taxes are way up

And you can refinance later.

@@calinator51 exactly!

RIP

@@devonrose888 speak for yourself.

This!

I think the issue is some people are concerned a house will appraise for say 400k today. Then next year it appraises for 350k because in general, homes are overvalued right now. Including the appraisals.

I agree. They could also share the room and have the office in the living room. I have 2 kids and we all share a bedroom with the 2nd bedroom as a playroom. I refuse to upsize because I don’t want to pay more and my kids are still little.

​@@Vicky-by2hq3 ppl in 1 bedroom is interesting. So what's your plan when the kids are big cuz y'all sharing a bedroom wont last much longer.

@@goldenlifelove7251 You’re supposed to be saving your money during that time. Kids get older and playroom isn’t needed. Add bunk beds and change it back into a bedroom It’s not rocket science.

May god make it easy for you. I applaud your strength

@@nabeelahmed7401 Thank you for your kind words. I'm actually moving out. I was able to save lots but things are becoming too much with my friend and to save the friendship I decided to move out. I will be paying a little more rent where I'm going. but it's still affordable. 6 months was enough and now I need to get my sanity back. God is leading my path and I will be ok. God bless!

​@@creativeopinions8250 Kudos to your strength! Good luck and God speed. What state are you in? And where do you move to?

I'd rather live in a van than do that lol.

I have met too many people that had pools installed without realizing the other costs for filters,chemicals,insurance,and higher electric bills. Nobody ever discuss who will clean and maintain the pool or local pool laws beforehand like mandatory fencing and whatnot.

@@blackworldtraveler3711It’s the consumer’s responsibility to inform themselves, not mine.

@@WheresWaldo05 It says her take home pay is 9k a month which means AFTER taxes.

Ikr?!!

Most Americans aren't intelligent enoughto have the necessary discipline

Exactly.

Thank you for your advice ! What's the differences between 15 year mortgage and 30 year mortgage ? Is the interest lower, but payments higher for 15 and then opposite for 30 ?

@@suzietoanoneart I am not a mortgage broker so I can't give you the specifics. The interest rate is lower on a 15-year mortgage but life is unpredictable and if you want to stay in your house even if your income drops for several months, it is best to get a 30-year mortgage and make extra payments when you are able to to pay the property off sooner.

😂

🤣🤣 That's definitely why I'm here 😂

Ouch

Do I sense some sarcasm?

bruh this is ridiculous your just another loser who cant figure out what they are trying to tell you what to do. Its actually repetitive, Everyone has to stop spending their money. Some of us start with 20$ and homeless and some of us dont. Relax and realize if you dont stop spending even 1$ a day youll never make it

You won't need it when you are working 16 hours a day to afford a place to live

There will be a recession and layoffs. There's no way the economy can keep going on handouts and debt.

Who says anything about waiting? You would have been better off getting a 15 year in 2016 than any mortgage today.

@@amireallythatgrumpy6508 To get a 15 year you need to have a larger down payment to fit your monthly budget. That meant waiting for most middle class people.

The interest rates are just going back to normal after the 2008 cash. These interest rates are not going anywhere.

False. They will overcorrect and swing back. Interest rates are like a pendulum. They're going to swing back and forth for a while before they settle down. If they ever do settle down. It may just be a driven pendulum system that swings back and forth forever. @@2jcward

move. simple.

You bought as is. Someone else will. But yeah maybe you will lose a little if economy corrects

You‘re looking at it wrong. I‘m in Denver. Was renting in Rino and that was just wasted money……we bought a house and that $25k/year the apartment co. Was getting i will now get get back. Its perspective….you did the right thing

So why didn’t you pick up and go instead?

Plus all the excitement of living in Mesa😂

@@secretsquirrel6718 better then paying 60% of salary for rent. She is a single mom so she isn't hitting clubs weekly anyway. The area of Mesa I lived in was on the border of Tempe apartments across the street were a few hundred more cause they had a Tempe address.

@@secretsquirrel6718 She chose to have kids and live there. I just checked the listings for Mesa. There are over 140 two bedroom rentals from $1k-$1500/mo.. Over 100 homes for sale from $80k-$120k. Looks like she is way above her means where she’s at now.

@blackworldtraveler3711 not my point.

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 markets.

This is precisely why I like having an asset manager look over 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 manager for more than two years, and I've made over 85% of my initial amount

Could you recommend this particular coach you using their service?

’Sonya Lee Mitchell, is respected in her field. I suggest delving deeper into her credentials, as she possesses experience and serves as a valuable resource

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

??

That's the norm unless you have some skills or education. 45K back in the 90s was like a 6 figure income is now.

​@@vickieclark5931why do people settle for norm though? We should all try and do more. Dont stay at 45k, keep working at making more.

Poverty level is currently $30k for a family of four in the U.S..

It will be before child support. Always is.

If nothing else I've found that renting a car in Europe definatly requires a credit card and they are a great back up in certain situations where you cannot access your bank account.

@@secretsquirrel6718 Yup traveling outside of the U.S.with only a debit card is not a good idea.

@@blackworldtraveler3711 well Don't discount cash!

If you can't afford a 15 year on 25% of your take home pay (or 30 year on 15% of your take home pay) you cannot afford a home at all. End of story.

@@amireallythatgrumpy6508 sheer idiocy. Just arbitrary numbers.

Because single mothers are really intelligent, responsible and selfless.....😂😅

What an ignorant statement. If this is your logic I guess no one will have kids other than the retired and the over privileged.

@@laurenlochner7035 if you can't afford a home before being retirement age you DEFINITELY can't afford kids. Note I'm saying own a home not saying own a paid off home.

She can’t move. Her child’s father lives close. That’s not the solution 😊

Can always move to a state where communism is not the goal.

​@@LegDayLas😅 true

That’s all on you for not thinking on your own. Only you know your situation not a stranger on RU-vid.

So what's going to happen? Wit details

​@@VlogsOfAnythingjust sit back and watch it all unfold

Don't look for a housing crash. What's likely is that builders will build smaller but more affordable homes.

@@TheFirstRealChewy1.5 mil HELOCs were pulled this year another 1.5 last year. Credit card debt is increasing. Average car loan is $500-$700/month. 3 mil full time jobs were lost and 1.5 part time jobs were created. There is going to be some type of crash. I feel like a debt crash

@@VlogsOfAnything I plan to travel more.

I did it all. Didn’t get caught up in YOLO,FOMO,living beyond means,etc. with bigger more expensive homes like my friends and coworkers. I just bought a home I could truly afford in a nice area. Still had enough money to save,invest,contribute maximum to Roth IRA and over 15% each year into 401k on top of regular household living expenses. Extra money left over to do what I want. My coworkers and friends are still paying off mortgage and other debt while I paid off my 30 year mortgage in nine years in 2008 and was my only debt.

@blackworldtraveler3711 Do you play pokemon go?

@@dennisvargas7719 Nope. Been a Star Citizen and Squadron 42 backer/tester since 2013. I held the line.

I plan to travel more.

Sell drugs or rob a bank.

Wait another year at least. The bubble is going to pop and prices will drop at least 30-40%. Save up at least 20% for your down payment. But be patient and watch the HUGE correction that will occur in the next two years. Don't catch a falling knife.

have your agent search for houses with fha or va assumable loans. yes you can assume a va loan without being a veteran. plenty of 2-3% loans out there you can take over from sellers. end of 2024 is a good target to start with . the recession should be in high gear about that time

35% isn't too bad. Maybe you can look into remote work like others are? It sounds like you could make more money if you were to either specialize in a skill or got into remote work

@@crashtestdummy1972 I work remotely for the Barcelona office of FAANG company and I’m a software engineer so I do make above market average but the overall salary in Spain is so low. I think the national average is like 22k a year. And that was fine while the economy slowly recovered from dictatorship because the cost of living was still relatively low but after COVID, with inflation, everything just went crazy and the economy can’t keep up. Even for remote jobs, you still need a work visa from the country you’re hired in so a lot of remote workers from the UK, US, other parts of Europe decided to move to Barcelona and their incomes are usually way higher than the locals, driving real estate prices up. A recovering economy is a very tricky situation and post COVID, it just got a lot worse. Like that caller, I’m here because of my daughter’s dad too or I would’ve left ages ago. Imagine spending all that time graduating computer science to make ends meet here. I would’ve lived such a good life in Bali lol (but then I’d be the type of expats that are causing the same problem here).

That's rough. And ot always seems to me that Spain is less expensive than the rest of wester EU

It's a world-wide RE bubble that is going to pop.

exactly

What advice did you do that you regret?

Right? Dave Ramsey's show is entertaining with the human interest stories and all, but as financial advice? Eh, PASS! I ignore nearly everything he says, and his plugging mutual funds is plain irritating.

@ArmageddonIsHere same, i max all my credit cards and i have 4 car loans. I feel like saving money is a waste.

With a 25% monthly take home pay, 15 year fixed mortgage, and 20% down payment ofcourse! Because obviously we all make well over 120k a year.

Buying a house isn't an investment for today. It's securing your future by locking in a place you can afford to live in now for a fixed payment that almost assuredly will be worth more in 20 years than it is today, at which point you should have had it paid off for 5 years already if you follow Dave's plan and sign a 15 year mortgage.

@@ericg9092 buying a house in today's market is a HUGE gamble.

​​@@TheJozuaSmit You can't ball at Chick-fil-A on a Checker's budget. Adjust your expectations to what you can actually afford and most of the problem will be solved.

people that are waiting for lower interest rates forget that when interest rates are low there's going to be a much higher demand and therefore prices will be higher costing them much more than a higher interest rate would.

I'm exploring different investment opportunities and would appreciate others' insights on this matter..

I initially started my investment journey with the guidance of a financial advisor named *Jenny Pamogas Canaya.* Her transparent approach granted me full control of my investments, and her fees are reasonable, considering my return on investment. Nonetheless, it's crucial to conduct thorough research before engaging with any financial advisor.||

I initially started my investment journey with the guidance of a financial advisor named *Jenny Pamogas Canaya.* Her transparent approach granted me full control of my investments, and her fees are reasonable, considering my return on investment. Nonetheless, it's crucial to conduct thorough research before engaging with any financial advisor.

So that sounds similar to me first home age 20 87k then sold and got my next home for 214k now I'm still here bcuz this current home is all I rlly need it's all fixed up now its still at 213k I owe cuz of repairs so I am tempted to sell make profit and buy a bigger home for 305k with 77k down at 8.1% 30 yr do you think that's a bad idea I'm currently at 3.8% with a 15yr loan

B O T 🤖 alert!!!!!!! 🚨

Stay at your current home

@@michaelcondrey3510 I am I decided to stay thanks for the reply and thought

You can afford $450k. Tens of thousands of homes available today all over the country. Is your metro area over 1M people?

You can easily afford a home. You just feel entitled to own one in a high cost of living area.

@@eggsinsidemewhat makes you say it’s entitlement? Homes are tied to school districts, you don’t know anything about this person’s situation.

​@hvaball150 you dont know where they live or what their career situations are. Telling someone there is "affordable" housing everywhere is crazy! You want them to find new jobs & move to someplace w/ a lower COL just to buy a house? You don't know what their family & parents & obligations are!

I make about the same net and still feel broke! Like. I couldn't fathom buying a new car. Glad I own my house and am not looking. I know its dumb advice but consider moving to a different area.

I work from home and I am renting a one bedroom apartment. I took the bedroom as an office and I sleep there too. My mom sleeps in the leaving room and next year I am going to look for something even cheaper. So, yes, you can make it work. Thanks for your comment.

She's a worker...and most of the people you're talking about are retirees with no children and at least have a monthly passive middle-class income coming in. If she goes there having to work for a living, she'll be better off staying where she is.

On the contrary. The best way to lose your a$$ financially is to get married.

And even you bought during the peak of the bubble, I bet you're up at least 100%.

@@Jake-nq5fbyup

Why?

Yep, that's why I tell everyone who brings up Ramsey to beware. His show is entertainment with some good nuggets of wisdom sprinkled in. A pretty smart entertainer should never be leading your 6 figure investment plans. He's good for people who have been spending on a credit card like a teenager and need a kick in the pants. For people looking to make a 6 figure investment, there are much better people out there to listen to.

​@@Nonsense116all of his advice minus the 15 year is all solid. I think the 15 year had a reasonable place when rates were absurdly low (2%) or if you make a higher income to work with. I use all his advice except we got a 30 year and we are still working on it like a 15 but all of the investment advice and budgeting we use.

2% on a 30 yr loan when inflation rates are at 10%…. Think about it

@@davidrojas6457 Why? Maybe because home prices have continued to climb at a pace outpacing even my well above average income growth. While doing the math on a 15 year mortgage at 7.5% equates to you needing to make a silly amount of money that only the top 10% of earners can afford. And that house is way worse than what you could have gotten in 2019-2021.