"Housing Hurricane Coming" - 8% Interest Rates Threaten To COLLAPSE U.S. Housing Market 

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.

Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $121k ROI, and this does not include capital gain.

I'm glad I came across this exchange. Could you tell me how I can contact the financial advisor you trust with your money, if that's okay?

“Sharon Ann Meny” 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.

I find this informative, curiously explored Sharon on the web, spotted her consulting page, and was able to schedule a call session with her, she shows quite a great deal of expertise from her resume.. very much appreciated

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.

consider moving your money from the housing market to financial markets or gold due to high mortgage rates and tough guidelines. Home prices may need to drop significantly before things stabilize. Seeking advice from a financial advisor who understands the market could be helpful in making the right decisions.

I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?

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 looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

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?

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

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

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.

I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.

I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?

Finding financial advisors like Vivian Carol Gioia who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look her up and send her a message. You've truly motivated me. God's blessings on you.

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.

In fact, I had no prior experience or understanding when I began investing in 2020, but by the end of 2023, I had made a profit of almost $850k. All I had been doing was going by what my financial advisor had told me. This demonstrates that all you truly need is a professional to assist you; you don't even need to be a great investor or put in a lot of work.

@@ThomasChai05who is your advisor please, if you don't mind me asking?

"Gertrude Margaret Quinto" 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

The stock market is no different, to maintain profit you need to have some in-depth knowledge on the market. I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.

In my opinion, it was much easier investing back in the 80s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.

My partner’s been considering going the same route, could you share more info please on the advisor that guides you

Amber Dawn Brummit 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.

She appears to be a true authority in her profession with over two decades of experience. I looked her up on the internet and skimmed through her site, very professional. already sent her an inquiry hoping for a response soon.

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.

@@MarkGrimm8 this is all new to me, where do I find a fiduciary, can you recommend any?

My CFA ’’Carol Vivian Constable’’ , 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.

Which states?

Need to ban foreign business companies from buying houses and land as well.

What states? I doubt that happens in the U.S. in our lifetime

Red states

@@greenthumb8170 red states? Conservatives are true capitalists so they would be in favor of no restrictions…what are you talking about?

Numerous opportunities exist to achieve substantial profits at present, but executing high-volume and nearly flawless trades requires the expertise of real-time professionals with an ISDA Agreement. This agreement allows investors to participate in sophisticated trades, exclusive to seasoned individuals, and unavailable to amateurs. Attempting to be a high-stakes trader without an ISDA is akin to trying to win the Indy 500 riding a llama.

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.

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.

Linda Aretha Reeves 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. Thanks for sharing

Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.

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 ‘’ Melissa Terri Swayne” for about five aiyears now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

People woke up and realized they moved to Florida and Texas with absolutely crap summer weather and a sea of rednecks, and they want out.

Many of my clients just say screw it and look at creative options. Buy land with a manufactured home for a fraction of the price. The over-regulation and limit on housing have made these prices insane.

Absolutely, although some areas haven't experience the bubble so buyers should review price history. NYC is definitely a scam. Looks like LA, Chicago and other big cities are also bubble prices..

LMAO...what a stupid thing to say

@@billiamc1969Lmao. What a stupid response.

He's right. Biggest scam I've ever seen. @@billiamc1969

Indeed. The podcast talks as if the currently low to normal rates are the problem. But little attention is paid to the historically high prices relative to incomes. Just to get into the door, the buyer has to assume a historically large amount of mortgage debt. That’s well before the prospects of paying high property taxes, insurance costs, and maintenance costs are taken into consideration.

Prices started going up in a bad way when we turned homes to profit. Homes should be homes. Homes should be for PROFIT. That is what people are doing. FIX a house and sell it for a crazy amount to get their money back and then some. This may sound horrible but homes should be kept to the government. Let them regulate it so people can afford them.

Vote for Kennedy!

Same here, more towards 12% for me. The low interest rates caused home prices to sky rocket. The low interest rates are not normal people.

What year did you buy it in?

Nope. And if you add in healthcare and food costs really makes it really difficult.

I have been an average worker and we have 3 homes...we SAVE money not spend on frivolous BS like most Americans

​@@billiamc1969 STFU and show some respect 🤡

The news says that even though everyone is starving and near homeless....we are just so happy with the current President. Thank God for Joe Biden, I love being poor.

​@billiamc1969 bro, buying delapidated trailers in the middle of nowhere doesn't count

This is a HUGE problem in Maine.

Try owning a house in Mexico or by that matter China as a US Citizen you don’t own the land but mostly leased why doesn’t the US have this is beyond stupid. We can have all the physical borders in the universe but with allowing of anyone to buy do we really have any sovereignty?

That is not the problem. This is yet another effect of the BIDENOMICS and complete over inflated prices of the LIErus with the exodus of the North to the South. I live in S.C. where the over development is now going to crash. NO ONE...NO working SLUGS can't afford to live there with nowhere to find a place to live because RENTS are insane.

They buy as foreign nationals and not all are nefarious. Most live here with good jobs. Americans can buy in Mexico and many places no problem. Most Hawaiian lands can't be bought unless you buy them under a 99 year lease. Americans here we've gotten too lazy. There's probably more naturalized citizens in resident legal resident aliens owning property then naturally born

@@planerep How have Americans been lazy?

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 big 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 making a whooping $738k in Q4 last year.

hey simone, I'm an art collector, this is not very new to me but has a nuance to it. Can you assist me? how do I find a fduciary

monica mary strigle, you'll be in luck at this time of year to have a conversation. lady is hot topic in downtown manhattan and you must not be and accredited investor. Just browse.

Bank failures big bro 😂😂

This is actually a big misconception (I work for these companies). Interest rates DO affect them as very few companies are just sitting on cash. Interest has drastically slowed their growth and made them change strategies (going into new markets, buying homes that aren’t so run down, etc). Don’t get me wrong, we should be getting them out of the housing industry all together, but they aren’t quite the boogie man they’re portrayed as.

Not only do “corporations” (literally any person who’s bothered to set up an LLC for their investments) own about 2% of single family homes, but corporations don’t buy homes in cash, they leverage debt to make purchases and the interest rates affect them very much. If you have 500k on hand, for instance, you could buy 5 houses leveraged with 20%-down investor mortgages, or 1 house outright. What’s the smarter move as a corporation?

@@Cattlynt supply and demand though, as they (corporations) purchase more inventory, they gain more leverage and thus can effect the purchase/acquisition of new homes to potential home buyers and average consumers... I.e. inflate the market with overvalued and overpriced vacant assets (homes). With interest rates being so high, it slows the purchase of homes by consumers and therefore could hedge banks to lower rates - in hopes incentivizing more new home purchases to resist and prevent potential stagflation.

Lol I wish I could find a decent 1 bedroom for $1200. In Orlando you’re looking at about $1600

thats cheap as hell.

I live in Northern California, and a one bedroom here can range anywhere from $2000-$2500 a month. Insanity.

@@DJMamba98try southern California at $2000 minimum for a 1 bed

In canada where I live 1 bedrooms are going for over 2k monthly.

lol I’m right there with you. It’s honestly wild like no one is going to look at history? Like interest rates have been that low how long?

Taking a variable rate at 3% is just greed. The money is essentially already free

The many people who have little understanding of how interest, compound interest, and basic math works in the real world. The people who just base their decision on the recommendation of realty and banking "professionals". Especially people that are burnt out from life, they are more willing to blindly trust. You're right, based to plan for the worst.

AS SOON as the house we bought listed, I emailed the agent, said DONT SELL THAT HOUSE! She called me back and said CALL ME! So I did, did a contract over the phone, we gave them their asking price, no time to haggle as properties were flying off the shelf, she presented the contract to her sellers, they accepted, they gave their tenants a 30 day notice to move ALL within 4 hours.

Exactly. That's the competition!! Vanguard is doing this as well. It's causing house scarcity and driving prices.

I get constant phone calls and mailings from companies looking to buy my home. I tell them to screw themselves over the phone. I bought my home in 2016. No way I'm selling it

RFK 2024. The only guy speaking about this

I got my house in August. It's possible.

We are just production robots. Work, eat, sleep, repeat.

👍👍👍👏👏👏👏 Ukraine gets to benefit from

You're all losers Move to somewhere you can afford.

That makes no sense.....people don't live forever. They are passed on to the next generation.

Same here. Ppl kept telling us to wait and now we’re screwed.

Go buy a home. These types of videos will be right at some point in time but all they've done is scare people into not doing anything and those people are not behind.

Those premiums aren't coming down. It's the new normal.

Yes!!!!!! It’s robbery !!!!!!

Cause your neighbors keep filing claims for bullshit stuff

@@mark6000 like what? I don't own a home. Are people scamming???

Not just homes either… I pay almost $400/month for car insurance and I have never had a ticket and had a fender bender nearly 5 years ago! Granted, I drive a nice car and live in the city but still it’s ridiculous!

BRICS has its own issues. They don’t all agree with each other. A few are even at each others throats for war. And none of those countries do you own nor have the right to your money. The law and order of the US is beneficial when holding a USD.

I agree. I can’t believe these guys are only saying “when are these rates going to come down do people can buy homes???”, and don’t mention need for price correction (at least in this clip, but I feel like few pundits take this perspective) Alas, the economy is leveraged against the real estate market (see 2008) so it’s almost taboo for hustle bros in suits.

Unless it’s like 08 when there were plenty of homes and no buyers.

Rent is waaaaaaaaaay cheaper. Buying right now is very dumb. It's so overpriced

At least with going now with the higher rate you can hypothetically refinance when rates go down. However, I think we're all starting to realize rates are not going down. As WEF says, you'll own nothing and be happy.

@@Bibleguy89-uu3nr rates aren’t going down because there’s not enough savings in the system for rates to be lower without also causing inflation.

Exactly. Prices in general all over the price need to come down.

Home prices do not have to come down

They will absolutely come down. I see large price reductions daily in my area. Still too high to buy though. @@ebutuoy5088

Yes , they need to. It's all speculative market by big corporations, wall street and wealthy foreigners allowed to buy in order to get residence in the US. Interest rates will need to be higher in order to correct and cool down the uncontrollable greed of some. Then the citizens will need to gather and find mechanism to avoid this mess happening again. We do not need government interfering on this issues again since they serve their own interrst not its citizens. Prices are ridiculously above the common sense.

Home prices dropped a tiny bit in 2008, the entire financial system almost collapsed. The system is leverage built on top of leverage, they can't let prices fall. They'll do everything possible including hyperinflation to prevent that.

It's like that in Tennessee too. I couldn't afford the house I've been in for 14 years if I had to buy it today

true true

Thats a good thing if you currently own…

Which is why they will stay and pass the home to their kids. Leading to less homes being available for sale, keeping prices high.

I live in central CA and starter homes are going for over $400K. My husband and I were looking to buy a home this summer as first time home owners but we were looking at monthly payments over $3K. We both have credit scores over 750. That monthly payment really discouraged us. It feels tough right now

At this rate, we'll need 3d printed homes sooner than later. They started selling them in TX, also Elon's and such type homes are gonna be the way to go unless they ease up on the hurtles for building homes.

It does not cost $600k to build an average 3-2-2 house. More like $150k. The rest is a scam. Build your own house. I did it years ago for about $80k.

@@eugenefirebird8938build your own house for 80k? Where do you buy the land? Anywhere people want to live the land is super expensive

The government forced this so they had collateral to borrow more money against our homes. It's all a racket

@@kahledalbert1210the lumber alone is more than 80k right now lol he tripping unless he building a shack with a kitchen lol

lol who would offer that rate? You’re going to force banks to do it and make them lose money?

Already in a bubble

Exactly, these are normal rates. It the sellers and builders who are making the money.

We're not in a bubble and home prices will not drop. These are the new prices.

someone finally has common sense!

💯

california, florida are opposite ends of the political spectrum but lead the way together in massive increases to homeowners insurance and nobody seems to have the answers. I agree as a present homeowner that is concerns me more than any other factor in terms of potential house price correction.

@@ssaun2179 Agreed. I'm here in Florida and my insurance went up over 1k in one year. That is fucking stupid. DESANTOS has done nothing to help his CITIZENS on this. He is more worried about woke BULLSHIT then what actually hurts his citizens.

Try being in Florida it went up thousands. My mortgage doubled because of it. Sickening

​@@user-je8fz3oh3k desantis helped insurance companies by not making them liable for lawyer fees if you have to sue them. Desantis is a back stabber pos. I'll never vote for him again

I’m in Michigan and we diffidently have it better then others but our Tax’s alone went up an additional $500 a month. I wonder what it will be next year!!!

Can we get rid of the property assessor? How do they know the value of my parent's home when there are thousands and thousands of homes?

I skip forward when Adam starts talking.

@@Beez27 Me too!

Agreed Vinny and Adam gotta go

I didn’t want to leave Queens but had to bc of the prices of homes. Bought in Suffolk county, Smh not happy either.

Yeah it's gonna correct itself when everything crashes. A facade can only last so long

Everything crashing won't be a good thing and nobody fixed the problems from 2008. A band-aid was put on a gunshot wound and it's too far gone.

Any foreign RE ownership should be banned.

You mean with your cash

Absolutely! We have the same problem in Australia.

Politicians paying games with the prime rate. The Fed Chairman works for the President. Never ever should the prime rate be below the Inflation rate. You never put the wagon before the horses.🤔

Boomer

Yeah, Mr. Boomer. But average house price back then was 50k not 400k

Yeah Mr. Zoomer. But it is near zero rate for 20 years that has allowed house prices to go to $400k. High rates will drive prices back down eventually. It's always better to have a low price than a low rate. @@Eli-9

Is it true that foreign nations have subsidiary companies buying up houses in residential neighborhoods?

Adam and Vinny are super annoying 💯

Inlfation just happens normally but what is going on right now is fucking stupid. Corporate greed is destoring the AMREICAN DREAM.

It's not even close, people are full of s@@@ when they try to act like buying was the same or even harder in the 80s and 90s. That is just a lie, they have changed so many things and the government/corporations don't want people to own things.

Agreed

but prices aren't going down.

@@jc7887But they will thats the point. Inevitably they will. If not, the market will have some serious changes.

💯

@@owenson7969 not necessarily, we will end up like the Chinese. More family living in houses to cover the costs. It’s already happening with the two income households. Now people are buying houses to rent out individual bedrooms. 5 renters in a house will become a norm.

He's loving these protests too. He's victimhood self righteous boner is off the charts right now but yet he tries to act like he isn't an israel first american 2nd

Yep!

I have to skip over him.

It’s the most annoying voice

It’s the same voice.

My husband and I are in the same boat. Want to upgrade but can’t even with all our equity on our little home. I can’t justify $800k for a single family home

You don't need to put down 20%.

​@@internetpointsbank lmao. Yeah ok. You sound like you're stuck in 2006

@@gridtac2911I’m putting down 5% on a 400k house here in Texas. Just 30 mins outside a large city. New build

@@Vertexp you missed what I was saying. Sure you can put that much down, but the same shit happened pre financial crisis with people putting little to no down, and banks giving bad loans. All I'm saying is people should really start understanding that ain't sustainable.

It's not sustainable just on demographics and wage data alone. If prices keep going up America is done for. Consumers can't afford it, and that's what our economy is based on consumerism. I know a few people that are desperately trying to sell their 400k+ homes in the Midwest and can't find buyers. There aren't enough high wage earners and lots of those jobs were cut this past year and beginning of this year. RV industry is drying up and I see a supplier selling or closing businesses they bought the past few years to stay afloat. Same will happen in Auto industry it will tank. The music will slowly stop this time around

@@njerseydavid If you look at Texas and Florida over the last couple of months, you can see supply has increased dramatically and prices are in fact coming down. We shall see what happens over the next few years.

Part of the problem is that Boomers are leaving states like NY. NJ. CA, MD and so on because those states offer nothing for retirees on a fixed income. They're overflowing states that used to be cheaper like NC, GA, FL and AZ. That is another thing throwing off the market.

What I wanna know is when these old people die, they own 1-2 properties, who will fill them? Their millennial kids? Gen Z is smaller than millennials. I think in 10-15 years we’re going to have an oversupply

I think the whole thing about holding stocks for long term will always apply. So I think you should get a quality broker who is able to analyze and pick stocks that will do well in the long term, else you will be in a long bear ride.

You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a broker, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.

This sound interesting. I’m not really one to use pro analysts, but I guess it would not hurt to try one. My portfolio is in the red waters right now

’vivian jean wilhelm’’ 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.

They're just jealous of us!

Gen X is not stuck between millenials and Gen Z

You raised gen z and influenced millennials. Boomers messed everything at least you guys enjoyed good times.

If I was born 4 years earlier I could have bought a 80 k house n sold for 200k lol god damnit why wasn’t I ready to buy a house at 19

@@thehonesttruth8808 Ha! Good one

@@njerseydavid no, I know they are. The Biden economy is hell, but I want my kids to not give up no matter how hard.

And bill hicks

What are you talking about? Who doesn’t sell for what the market will bring?

No interest rate is looking good

@@bb-1359 No home was bought with no interset rate.

@@user-je8fz3oh3k If it’s paid off

​@@user-je8fz3oh3kEvery home bought with a cash offer is. Not sure where you're getting your false information from.

Yessir! 😂

Hold your breath

Lmao no shit

Lol

Probably. You will own nothing and be happy

When houses cost almost nothing

@@Paul-zu2hf Higher interest rates force prices down and fyi property SHOULD appreciate NOT depreciate.

@@winniethepoohandeeyore2 why should they? What we have now is unsustainable.

@@Paul-zu2hf The rates we have now are actually the norm and have been for years. WHO in their right mind makes the biggest purchase of their and DOESNT expect appreciation?? lolol .My parents bought their last home in 1977 for around 55k, right now it's valued at $266k. Not bad for a 47 year INVESTMENT.

@@winniethepoohandeeyore2 you aren't very smart :-/

We have a home in St. Pete we are planning to sell. Somewhere in the $550k range. Hoping we have similar offers!

@@kareemofthecrop A buddy sold his place last week - Northern Largo, $675,000, in 3 days , they are heading to N Carolina. Florida market is still smoking hot. We needed this change. Zero regrets, - enjoy the day

Did u overpay in Tennessee?

@@Fabmille Absolutely…… We definitely missed the boat on Bargins in Tennessee, Just as crazy as Tampa/St Pete. Needed “Out” of Florida, Stressful place to live the past 5 years due to the cost of everything else. So far, we are definitely enjoying our Mountain View.

@@kareemofthecrop A buddy just sold his house in Largo - 3 days, $675,000. It’s crazy 😝. Good luck, just be prepared if you list your house, it will sell ……

100k is probably enough to start over in Eastern Europe, Latin America. Look overseas buddy.

My parents got a big house in Harford County MD in the early 90s for 101k and now that house is pushing 450k. It's ridiculous and we are going to collapse but that is when more corporations and the Chinese will buy even more property. America is done and will never be what it was before 2007/2008.

@@EddieHenderson92 Chinese has been buying land almost everywhere. Look what they did to Vancouver, BC. Tsk tsk. Part of the reason the United States continues to allow them to do this, is based on our idea of a free market economy. We believe in Freedom, it’s the basis for our moral compass. It’s the basis for our Constitution. That means, if we inhibit Chinese nationals to buy land then we knowingly take away their freedom and the party (who is most likely American or American corporations) freedoms. That in itself goes against free market economy. So, then, the argument becomes, “should we limit the freedom of non-Americans”. The problem there is that we’ve always extended our ideals of Democracy to everyone. That’s exactly what China is using against us. So how do we prevent the Chinese from buying land, without directly removing their freedom? I think there is probably only one viable solution, which in itself seems to be a bad for people like you and I, but is it really. Let’s look at BlackRock, an American multinational company who has the resources to compete with the likes of large Chinese corporations. We must choose between two “evils”. Multinational American company buying up property and keeping it, for lack of better words, in American hands or we run the risk of Chinese buying up all the property and being Chinese owned. Ofcourse there’s a downside, but would you rather rent from the Chinese or rent from the Americans (as an American). I’d rather the latter. Idk, maybe I’m wrong but that’s a logical step I’d take if I were apart of strategy for a large American multinational and I’ve noticed buying trends of the Chinese. At least in some form or another, our property is still in American hands. What do you think? Maybe I’m wrong.

S@it never really recovered from 2008.

What type of work do you do? Industry wise?

Probably worth 50% of purchase price. If you sold a bubble priced house to buy it that's ok.

@@eugenefirebird8938how is it a bubble? You actually think it’s going down 50 percent? Your a 🤡 if you think that

Your bank bought a house. You bought a mortgage that will ensure you pay for that house multiple times over. Congratulations though. Beats an apartment I guess. Maybe.

@@avenger1212 so where do you live? Do you believe you are winning doing it your way?

@@kahledalbert1210 No, I certainly didn't win either. But there are realities at play no matter how we feel about it. I paid off my house a little over a year ago, at about 17 years into a 30 year mortgage. In the end, I still paid for my house twice over, and that's with a 5.6% interest rate and 2006 prices. If I sold it today, at today's prices, I still wouldn't get my money back. People think all that equity they have in their home is profit. The only one who profits is the bank. If you love the house, that's great. I hope you're happy in it for many years. People want houses. But it's no joke, that mortgage will eat a person alive. It's common to have one, but that doesn't make it a good deal.

Agreed. A bunch of clowns. When is the crash coming? 92 years from now?

@@yoshilee7101 if you predict it every year eventually you'll be right lol

@michaellaviola3125 I wish that were the case for winning the powerball too lol. We'd all be rich. Lol

affordability collapse is real tho

They aren’t saying there’s going to be a collapse, wtf you talkin bout

Nah 2020 was best

@DSNCB919 you’re missing his point. Since none of us have a Time Machine the best time to buy is now because prices are going to increase from here

@@TheInterwebzMan so your saying rates will get back to 3 within next decade?

@@njerseydavid hope your right i doubt it though i bought in the 3%s in 2020 but need a bigger place now but im just settling due to rates.. well rates and price even with the 200k in theoretical equity i have

It's more important what's happening in your House, than in that White House

Exactly. After the 2008 house bubble burst rich people and investment firms boughts a SHIT TON of homes.

The problem is they won't stop it because they don't want most Americans to own property or have a savings. America will never be as good as it was before things went to s@@@ in 2008.

When are you talking about? Obama era? 🤥

You're leaving things out, a house in my old neighborhood that was 101k in the 90s is about 430k now. I'm just using that as an example, pay hasn't kept up with that kind of increase in living and we never recovered from 2008. We just put a band-aid on it.

Exactly!

The problem is that many Americans will be broke with how things are going, and corporations will buy even more properties when it crashes.

Tom is why I watch this podcast.

Aren't you, Tom....😂😂😂

I think the whole thing about holding stocks for long term will always apply. So I think you should get a quality broker who is able to analyze and pick stocks that will do well in the long term, else you will be in a long bear ride.

You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a broker, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.

This sound interesting. I’m not really one to use pro analysts, but I guess it would not hurt to try one. My portfolio is in the red waters right now

Iynne Marie Stella 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.

Dont offend Fresh & Fit and Tate like that bro, theyre levels above Adam

@@jonizajmi9992 Good Point 🤣

Why? He has good perspectives

Vinny and Adam are extremely annoying. They belong in a sound proof room by themselves 😂😂😂😂