Do NOT Wait To Buy A House 

"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 task

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

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

While you're at it. Take out a line of credit to renovate the house to increase the price of the house. Surely.

Haha. Isnt that the truth!! Better buy now before you can never buy a house ever ever again!!!! 😂😂😂😂

Do you actually think that is going away though? Because yes, don't buy if the market will improve for buyers. That being said, I don't think it's going to but no one knows the future.

@@angelmoncada382 say we're in a place where OP is from in CA. I can't even make the 10% down payment on a regular house with a healthy 6 figure income. I'd have to get 3 or 4 jobs like the one I have now. While turning the place into another Airbnb. You can't squeeze blood from a stone.

@@angelmoncada382 what goes up must come down. Wait till the job losses continue.

That’s why it’s always better to trust a seasoned professional, such as Jake rather than rely on random comments. I hope that he takes the video in a helpful spirit that it is intended. There were certainly at least an implication by the commenter of “I got mine but now you can’t get yours”, but perhaps that was not intended.

You are making the right decision and you are so very lucky to have this option,.

Exactly what I’m doing . Be smart

graduated last year in civil engineering, and I cannot buy a home either. Im staying with my parents saving until I can find a good deal.

Yes, but maybe your parents don't what you living with them.

@@Hcb-jo1gp they do, I pay rent and power, we are all helping each other. We are saving to buy a duplex

Congrats!!!!! Sounds like it's now the right time in your life. 💪🏼

Congratulations 🎉

This is exactly why I am waiting.

or had to just put out some clickbate to get paid by aura.

Just Do IT!

@@jkmarshall3553hard pass!

He is a realtor.

Your obviously a non homeowner and don’t understand that real estate always goes up. Jeb actually gives out honest and sound information.

No questions taken! Just do IT!

FOMO is such a farce, buying a home is a long process where you have to prove income, disclose assets, and have your spending habits scrutinized, this isn’t walking on a car lot and getting carried away by emotion into driving off in an expensive new car a couple hours later. What a lot of people classify as FOMO is the reality that you need shelter, and whether you rent a room or a buy a mansion the purpose and need is inescapable unless you want to live at home. The expense is there, and with inventory being limited people buy now not just to meet their needs for shelter but now as an investment vehicle and so then people get into the mindset of trying to time the market to maximize return, well housing isn’t a stock or a REIT it’s shelter, and something personal beyond just a rate of return. People need to pay for shelter, and you want as much space as possible with the most features and then want the home to reflect their lifestyle and personal tastes. There is no such thing as an ocean view share of Apple stock, or a Spanish hacienda style municipal bond, when you’re putting the amount of money it takes to buy you’re placing your personal tastes and desire for certain amenities or location as part of the decision making process.

The fake shortage!!!!

So you are convinced the whole American economy is going to grow at the rate California did from the 80s to make the your equation repeat? AI is promising but Taiwan needs to be uprooted and located inside US for that pipedream to become reality.

Right. Crash bros don’t talk about the regret from waiting for a crash.

@@IniyanSElango The example is specific to my family and in our city. The point is to buy with a long term plan and not a short term or buy and flip plan. My guess is rents will be significantly higher than they are now, at what rate. I don’t know but like Jen’s video stated there are no fixed rents.

California rent increased because of the increase in wages supported by its economy. With impending demographic cliff, super weak income potential for genz, millions of new rental units being built etc, rental deflation is inevitable.

@@IniyanSElango my man, now you’re just cheerleading, the impending demographic cliff is a fallacy. Population not just in California but around the country has grown. Just since 2022 US population has grown by over 3 million people and it’s still growing (mostly spurred by immigration, not a high birth rate), and while new rental units are being added to the market, that inventory was planned, permitted and financed when interest rates were 2 and 3%, since the run up in rates that construction has died down so the number of new units coming into the market will slow down so the moderation of rents while welcome isn’t going to sustained long term. I understand you want a rent crash (don’t get me wrong, I don’t want rents to get any higher either it’s tough on young people and newlyweds out there right now), it will probably level out rent in most places but the other issue you haven’t addressed is the lack of new rental inventory on the low end of the market, almost all new new rentals in my area of Northern California are mid-level to high end units with rents starting at about $2000 for studios and 1 bedrooms, anyone making less than $50K can’t afford those new units and pay the kind of taxes we pay here and save money or invest, so they have to live at home, have roommates , or move to an outlying area which saves rent but costs in commute expenses. It’s very hard and the inventory to help those on the lower end of the income scale just doesn’t exist on either the rental or purchase side of the market here in California

He literally used historical data and then actually low balled it. Nothing was hypothetical it was actually all factual. Meanwhile crash bros have been talking about a crash for 4 years now. That's the hypothetical

I get it.....that's tough. Just stick to your plan and don't get caught up in the hype. Things will work out the way they're supposed to.

I doubt you have equity in just 3 months. You're probably looking at Zillow or some gameshow online indicator.

Appreciate the support.

Might be record high debt issues but there are still lots and lots of high earning people looking to buy. A correct sure. A crash not happening.

what's going to happen in one or 2 months?

They deserve a squatter.

Seems like you might be the "glass is have empty" type.

​@@JebSmithyou can't squeeze blood from a stone my guy. CA is a different market, but it also has so much homelessness that it looks like a 3rd world country in Africa.

Dude, don't think so much... Just BUY!

@@jkmarshall3553 so true. I can just marry the house and date the rate. Then refi after the rate drops right? 😂

I have 1.5k mortgage that I can afford.

The northeast is bananas right now..........low inventory and high demand.

What happened in Japan 1991?

Japanese can buy a place in the country for less than 10K. What the hell are you talking about?

Wishfull thinking

But he never said hurry and buy, did he? He said if it’s the right time in your life, stability, etc. So many people try to make up reasons to justify why they don’t own a home, when the reality is many people don’t have the stability, savings or simply aren’t disciplined. And that’s fine, but the video is factual.

I know someone who is currently paying over priced rent because he thought home prices would crash in 2020.

34% of the market is first time home buyers......on top of that there will be 4M plus sales in 2024

True there are a lot of people wanting the housing market to drop but on the other side of the fence we have Airbnb struggling for business, blackrock wanting out on rental properties, people who are going to sell their houses because during the pandemic they relocated since we could work at home, also lumber prices are going down. So this housing shortage should becoming to an end in 1 to 2 years from now.

@@Silverman96 good points but lumber is still really expensive and cost of labor is increasing dramatically. There is some struggle for sure but not in all cases. Home prices will still raise regardless as history has shown. IMO the earlier you can get into the market the better off you are. 👍🏼

@@McNelisG true housing will rise in 10 years or more but if you had to choose would you buy a house in 2007 or 2010.

@@Silverman96 true but timing the market isn’t realistic. 99% of people will not be able to time the market. Best to get in earlier like I mentioned and take the long term gains and in many cases short term gains too.

@@McNelisG most people are just looking for average prices. Most of the people that say it’s a good time to rent has ratios like the buy to rent ratio or income to buy ratio. These ratios make it possible to see what is overpriced and right now those ratios are saying we are overpriced in housing.

Diversify your lnvestments to spread the-risk and stabilize your portfolio.

This may not be the ideal place for personalized portfolio advice. However, I suggest make an Appointment with financial advisory. to create a good profit plan tailored to your specific needs. Joan Alora Dulieu is a licensed advisor Now am on 90%% profit.

I have had about her too, she also have a website i will look up for Joan Alora for her SIGNALS .. i am facing almost similar case Thanks for this.

The math has been proven over history.

sure, some do but most want the lower payment. You can write a much larger amount by purchasing the car especially when it's over 6K pounds and then you can depreciate, etc.......

I would recommend about 60 days from the end of the bankruptcy in January starting the preapproval process to see what your options are and if there’s anything else you need to work on

@@JebSmithok thanks great video helps a lot

Congrats...... be skeptical of any lender telling you that you can refinance for free, That’s typically a sales tactic. That usually means they are giving you a higher interest rate to subsidize the fees that it would normally cost.

So they are confident it is not going lower..

Hard to cope when you let your negative attitude set you back 20 years in life.

What the previous owner paid literally means nothing. Yesterday's price isn't today's price

True but would it be better to buy a house now or 2 years from now.

@@Silverman96it’s all depends on your financial situation, the area and type of house. It’s hard to answer that question everyone is different. I would say look at all these factors and then make your decisions. The housing market can be affordable depending where you want to buy and what is the cause.

@@sergetinc1344 what if I see higher unemployment and a stock market crash somewhere in October.

@@Silverman96well the stock market will not crash….yes it will go down but not to a point it will crash. Unemployment is in an all time low. Nothing will change in OCT. Look at 2020 to now…..go by the trends not what if. I’m not saying things won’t change, what I saying is from what I see and researched it won’t be like 2008.

@@sergetinc1344 so what about the yield curve, what about the businesses that are reporting low demand for there products. How do you know stocks aren’t going to crash this year? By the way it’s going to be a different way the housing crash will happen but it’s going to happen.

Not a lie.

I've been hearing that for the last 10+ years and each year more and more have regrets thinking that something has to improve.