Krystal Ball: The Next Housing CRISIS Is Here And The Villains Are Exactly Who You'd Expect 

I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!

Soon, cheap homes won't be cheap anymore because prices today will look like dips tomorrow. I think inflation will cause panic until the Fed tightens its grip even more. You can't just pull the band-aid Off half way. Booms and busts are the ups and downs of the economy, and they will affect any investments. If you are at a crossroads or need honest advice on the best steps to take right now, it is best to get counsel from a financial expert.

@@jeffery_Automotive I need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor?

I personally work with 'Julie Anne Hoover’’ she covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.

@@jeffery_Automotive Thanks for this advice. Finding your financial advisor was easy after looking her name up. I found her website afterwards, left a message and hope she get back to me soon.

This was such a wonderful thing to read. I plan to do the same when I sell my home. Greed can make us forget our humanity.

The family I bought my house from did the same thing for me. You rock!

Good to hear there are people out there like you ❤ we are a family of 6, 4 kids... and we desperately need more space. We are living in 912 square foot right now and we are literally busting out of the seams 🤣 the market is so bad that when we do find something that would work for us and we can afford it there are always several offers and it quickly goes over what we can afford and we don't ever really have that chance. This gives me hope that our house right for us is out there . This is also how my friends recently got her house a few months ago. The older man chose her bc she had a family 👪

Good on you!!! That's great that you recognized a 'real' win-win situation and made a difference in the new buyers life.

respect. Thank you! I’m 24 and want to buy soon so I hope I get someone like you

I wouldn't go that far. Real estate values go up and down. It's cyclical but generally prices go up over decades. Work hard, save money and you will get your home. Mortgages are not as hard to get today as they were 10 years ago.

wow

Your name checks out.

Housing prices are skyrocketing even in Red states

@Wary Trout What Biden bucks?

We have to take it in our own hands on an individual basis. Protect each other. ❤️

@Guinness718 It was good Ole covid time, so we didn't get to sit at the table and talk and sign. He gave a note to my realtor. I did not regret my decision, I was happy for them. They had been looking and saving and getting out bid. What's a couple thousand dollars in the scheme of things. I come from a long line of vets. Thank you for your service Guinness718

It’s amazing that you did that and I wish other sellers would stop these businesses from knocking people like my boyfriend and I (first time home buyers) out of the market. Unfortunately people just see $$$ and won’t do what you did.

I wish everyone was had morals and values like you. 💜

We also sold our home to a young man using a VA loan because we knew so many other sellers would refuse him just for that.

LOL. You guys are young. Just wait till she is popping out kids and isn't able to contribute financially and then try buying a house.

Although 20% down is preferred, you can still get qualified for a loan with less. And if everything you said is true, you may want to check your expenses. It shouldn't be too hard to save in a low cost state...

Really?

Best part of veteran benefits is that you don’t have to put any money down and you don’t have to pay PMI when you don’t. I never would have been able to buy a house without the veteran benefits.

It's a dream for a reason. I hope you get some luck soon.

The only solution to any of this is millions of us in the streets shutting down the system until we bring the government to its knees.

Yep, but you’ll never hear anything about The Great Reset on Rising or the Hill. Russell Brand has some good videos about it though,

@@Revolution-tl5wo are you going to lead the charge..??

capitalism at it's finest, an American tale. Grab as much resources as you can, profit.

@@Revolution-tl5wo Its not the government. Its the businesses. You have to bring the businesses that are creating and driving these conditions to their knees.

Move somewhere else then.

And you can only live in the dream house in your dreams lol.

Miss that guy!

@@nathanbreakfast7424 I like to smear melted ruth baby bars all over my deformed body. Who am I?

@@nathanbreakfast7424 says the boy living in his mom's basement

I tell you what, I am very happy to own a home right now. If I were to sell it, I would demand more than double it's last appraisal amount. I'm not selling it though because I know I will have an extremely difficult time finding another that would be suitable. My wife wants to sell and move but that's crazy right now. I feel for people who are taking new jobs and have to relocate.

@@danielsherwood585 show her the graphs if you can find them. This is definitely a bubble

^^^This is real right here

Just bought a new very small camper in thurmont Maryland, for 17k, $180 a month, 10 % down. For my son. It's very possible.

Why would you want to? It's an investment that goes down in value....

@@byronsmith6736 Compared to what? Throwing money down the drain renting an expensive apartment?

Bought rare Nissan Sunrader. Listed 2 years ago , $4k, a year ago, $10k, presently, depending on condition $15k to $20. C R A Z Y

That is because guys like George Carlin believe the American Dream is getting Rich and Famous. Most people will never be multi millionaires or household names. The real American Dream is being able to support your family and enjoy the fruits of your labor without Tyrants dictating to you what you can and can't do with your time and money.

I don’t care what any other guy thinks I just want to be healthy 80 years enjoy my life my family to the fullest and die in peace.

You could spam this on any Rising video from the past 6 years and be right lol

@@porkfriedrice1530 why spam?

@@sirensmelodyltd6118 you obviously don't know much about George Carlin, if you think that he thought the American dream was being rich and famous. You know what, not that long ago all you needed to have was a decent job and your wife could stay home and raise your family and you both would have a car and a beautiful house, not so anymore. And do we know why that is children?

You might have dodged a bullet.

You're crazy then

Major first world problems.

i agreed with ya. Make money save it and retire else where lol

Look into Nicaragua I've heard of and seen many nice retirement communities there! Also Colombia is really nice.

If you want to end your life early....third world country not for me

It's not politically stable in those parts of the world you want to live in. You're endangering yourself.

@@Scampergirl it’s not politically stable here either…

Yes, and now the pension funds are buying up the single family inventory to add to their portfolio of apartment properties. There is no where live unless you have a tent and a hardy disposition.

Most people now have a dual income or another stream of money

Or the rent has gone past what one can afford.

You can buy a 200k home in Midwest and pay 1,000 a month. It's your fault if you choose to live somewhere ridiculous.

@@Shapiro-bn6mb you can buy one for less. Land is cheap too. People just don't really understand the power of a dollar anymore with a plan

Is it OK if I don't play along with that vision?

Buy gme

As rich people always love to tell poor people.... "Money doesn't buy happiness!!".

Don’t blame the investors. They’re only following your lead. The youngest generations have pretty much rejected traditions like marriage, raising kids, mortgages, and the sacrifices those entail. Employers, lenders, and other institutions can’t take you seriously because you don’t take them seriously. Live like arrested adults with no commitments and be glad that investors are building apartments for you.

I knew this rich guy he lived off the poor he will finance properties and when they missed a payment boom his lawyers will take over the property and he will do it again and again I believe a lot of people do that

We could use some tax revenue, how about tack on a premium for institutional investors buying single family homes.

@@GalenMatson That is one tax that I could absolutely get behind, and I hate taxation and most all government programs.

You guys don't realize it's the government who allowed this to happen through bail outs and collusions with the same institutions your complaining about. The government is the problem. If they stayed out of the free market and allowed these institutions to go under and if they jailed those that committed fraud, we wouldn't be where we are at.

@@Achilles5937 Jonah, I agree with you, but there is a role for the government in this, specifically a government whose primary role is to protect the American people. What if google just started buying endless swaths of residential real estate? We are hitting a point where the people need to have protections from these corporate monsters that in some respects are just as powerful as nation states but with zero accountability to the people. I say that recognizing these political snakes are all bought-out with a few rare exceptions.

@@Achilles5937 You are correct. The market is an ecosystem and the government keeps using synthetic methods manipulate it. A free market won't be free of greed, but it will naturally correct itself.

God will bless you for your act of kindness.

How do you know they're real? I was not allowed to meet my seller so i could have written anything in my letter...

You should be proud. We have been looking in western United States Southern Ca for over a year and because we refuse to start our mortgage already upside down we can’t find a home as of right now. Totally tragic

Wow that's great, make sure you tell everyone what a really good person you are. 👏

Good for you. Some of us just need a kind person to give us a chance!

Only way to do this is to sell the property yourself, agents work on commissions and are easily swayed by big$ offers.

@@chrismckell5353 not completely true. Realtors work for sellers and buyers. When selling my house I can choose who I sell it to. The realtor will always try to get you to go for the most money but you don’t have to

That's the strategy... make it so hard to live that compassion for your neighbors is a fatal error. Divide and conquer, the most fundamental of strategies. And they're trying to divide by the maximum possible amount.

They soon won’t let you sell or remortgage unless you have a heat pump system fitted. $.25,000 plus. Per system.

SELL for what the Market is willing to PAY... Only someone who doesn't understand economics would do otherwise.

I thought the same thing about where I live in Southern California. Half a million would be super cheap!

I was gonna say, this is really nothing. Krystal and all these enablers should see how far ivory tower logic can go to save an average citizen. Denial of free market capitalism didn’t go that well in the Bay Area

@@yn5568 Amazing that your takeaway here is that we just need more unregulated capitalism. Did you even watch the segment?

Poor California. Liberal policies have ruined that great state. $250,000 homes in Oklahoma City would be $1,000,000 in California.

Denver is maybe 6 years into a steep incline. I'm getting pushed out of the city, unable to even rent, making 65k a year. v.v

The exact way I feel.

Very true. I feel the need to be informed even though sometimes it makes me sad. But there's so much to learn and more information popping up everyday!

Yep. The Chinese are one of the main reasons why property on the west coast has become unaffordable as they are buying EVERYTHING.

Moving back to Utah after 2 years its hard to grasp how expensive it is just in that little time

and....

It should be illegal for foreign investment firms to buy residential property in the United States.

Lucky. You get to save money

@@erikprestonTV is it lucky though

30 and annoyingly still looking. Every house I see with a sign that goes up is already sold before I even get a call back from the realtor. Shout out to my fam for dealing with me for more than the 3 months I told them I'd be home.

How long will it take you to save up $40,000? That's 20% down on a $200,000 place. Living at home, you should be able to sock away $10,000 a year, at least, if you work at it. And there are special deals for first-time home buyers and vets that get you in for less than 20%. You'll have to buy mortgage insurance if you're not a vet, but you can get into a place, if you work hard at it.

@@erikprestonTV Yup. My little sister did that, and then Dad willed her the house! I had to make my own way, and eventually cashed in some retirement to make my first home purchase. With the rapid appreciation on the property, it's turned out very well. $100,000 for the $60,000 I sacrificed.

They should have let the banks bleed in 2008 and restructure.. They pain would have been great for a couple of years but we would have healed sooner... All that money printing needs to go somewhere.. And it obviously didn't go to wages

The banks are in trouble, what should we do? I don’t know! Quick, call the failing banks!

that is an incorrect statement. i went thru the bubble as a builder and lost business home and spouse because of it. it popped and its growing again.

@@markduncan1149 It popped for you and millions of honest hard working folks like you. It didn't pop for the people that caused the crisis and continue to profit off of it. They were bailed out.

@@markduncan1149 how did you lose your spouse?

SAME - went to college, paid of my loans, saving for a starthome - every time i look at the down payment I realize it will outpace my deposit faster than I can save it.

@@leborhal7450 same, only difference is I had a VA loan available after putting 8 years in USMC. Even then it was tough for many years.

Wait 2 years. This isn't sustainable.

Hmmm, I am also a gen Xer. Saved enough money, during 2008, and bought a home. Worked full time and full time school, so I didn’t have student debt. Struggle is life.

@@foreign_agent Come to watertown, NY. Good sized houses here are only 50-150K!

You should get bitcoin. Be your own bank and build wealth from there. Good luck.

Good luck man, greed really is destroying America, the only way to stop it is to elect people that will

So let’s put aside our differences and go on a nation wide strike! The police cannot arrest everyone! 💪💪

@@Jackass_Gamer : It's also international ... A lot of that money is from China, too!

Wrong, it is the free market as it should be

@@paula4910 so people should lose their houses because “something something free market?”

Fox News agrees sacrificing grandma for the economy is worth it

Pretty much everywhere in the world most people do not own a home. Americans got spoiled after WW2 because they were the only big economy left unscathed. Welcome to how the rest of the world lives you whiny losers.

As the saying goes..."Those of us that can, do. Those of us that can't, teach (or live in mama's/grandma's basement, waiting for them to die).

As crazy as it sounds... im in the same position.

@@ilovegoodsax That was a bit of a weird answer, so you guys do realize that it's nothing new here. Yeah, like this is how rich families pass on their wealth to their children and grandchildren.

That is already the way it is.

I thought we already had that.

That is EXACTLY why the French Revolution happened and why they invented the Guillotine.

Interest rates must be RAISED. Low rates deplete purchasing power. Working class folks use their money to mostly purchase things. They aren’t holding assets which get bid up via lower rates. They work for wages and pay for their lifestyle with those wages. The need to borrow anything imposes a burden but the real hustle is the belief that lower rates are helpful, when they are not. Lower rates are great when you’re the seller, but the RE market is driven by first time buyers. Those are folks who do not need to first sell in order to buy.

It's been this way since 2009 crash bro

Yeah, and out with that hatefilled FEM, woke bs.

No; we need to require homes be sold to individuals, not corporate entities. Any house foreclosed must be re-sold within a year or the government seizes it for use as public council housing like pre-Thatcher UK.

Oh thats so cute. The people who want the government shrunk to nothing also want a first-time homebuyers program. Oh and they blame the “woke” sjws for the absence of such a program. How precious.

It's not so simple, last time this was part of the reason of the 2008 crisis/collapse. Bush made it easier for those with less funds to buy houses and but those home owners didn't have stable income and.... boom. The number one priority I think would get rid of that student debt and make higher education mode accessible. (don't forget vocational) The better the jobs people have the better things will be. Education is the start of some kind of restore of the American Dream (which I doubt will come back, but maybe the widening gap can be stopped). Who wants to compete with low-wage countries on manufacturing or compete with a tsunami of automation ? Higher skill/education level is the only thing safe harbour. But it's hard to know which sector, etc.

We need a functional HUD.

Right there with you brother.

@@craigbowen4659 Yeah not so much. The Cult of Woke crowd does not like the boonies.

Amen!

@@Sarandib22 There are always opportunity costs in life.

Yeah I'm looking to move to a more rural area. I'm young and black, but I work from home now and I love the peace and quiet of open country. Plus, I just started getting obsessed with dirt bikes and so I would really like to be near open fields, trails, and dirt roads. I also stopped hunting when I moved to the city for school so I'd like to get back into that.

The citizens should ban governments that get so big then can spend trillions of dollars on bailouts.

They've privatized the profits and socialized the losses. Genius, brought to you by the fraudulent legal concept called Corporate Citizenship and endorsed by all major politicians of both parties.

@@demontwashington5388 you sir, are a genius. Semper fi

@@demontwashington5388 SPOT ON

The Government should have never sticked their nose into the housing market. They just end up causing choas every time.

A house in the Oakland, Ca area just went for 1 million over asking price. I am in Charleston, SC houses are going for 30 to 40 thousand over asking with many cash offers in 1 to 2 days

Amen

Master's degrees pay off, kid. You should invest in yourself above all else!

@@letsgobrandon3928 But who wants to move to South Carolina?

Santa Rosa, CA resident here and my neighbor and good friend of 20+ years just sold her modest 1,640 sq. ft. track house for 800K, which was 50K over the asking price. She had 8 offers, 6 over listing price and 2 cash bids; several of the non-cash bids were higher than 800k. Our neighborhood has been evacuated several times over the last 4 years due to wild fires, too. And It's equally crazy that the home she bought in Portland, OR 14 months ago has already appreciated 85K according to the company she's refinancing with.

You already own nothing, buy something and pay property tax on it for life. In essence you are renting from the government.

@@lancetheman28 Ah yes, and the government calls it for services.

no i have a 2017 mazda miata rf ,ill be ok. im taking it to heaven

Isn't that the line they used in africa to get folks on that boat??

@@TheLakemead1 Dude, sweet.

Bruh, same. We are lucky in that we do not HAVE to move. We are comfortable where we are but are looking to build wealth and personal growth with a home... but the market is bonkers and we might be better off waiting for the market to correct. However, for the public that will mean forbearance claims to finally be called and foreclosures to finally take effect. It's tough and sad, but it has to happen for regular buyers to have a place at the table again.

Just sold my home, moved back in with parents. Be patient and keep saving my plqn is to buy some trophy real estate when the bottom drops out. 6 months tops

@@leggoego What's going to cause this to drop? The big players won't allow it. Nobody's moving anywhere new.

That is exactly how the Obama housing crisis started.

@@SunnyCarnivore incorrect

Only thing wrong about this report is that this bubble isn't going to pop. House prices will never go down again... the peasant population are about to slip back into permanent serfdom and if you don't own your own home you will be one of them.

@@dannyboy8474 sad truth.

@@dannyboy8474 ... Pitch forks and guillotines.

@@dannyboy8474 own? Try not paying property tax.

@@dannyboy8474 Complete truth. There's simply nothing that will cause a fall in prices like everyone is secretly hoping for. We don't have deadbeats signing onto bad loans this time around. What will happen - these are assets, and the value of them will climb. And with the spending level that is coming out of Congress for this over-freaking-blown pandemic, expect inflation like the 1970's and early 1980's. Assets are a hedge against inflation, thus enhancing the wealth of these giants. In the end, none of you will be able to afford the houses unless wages magically go up for once for the middle class. Homeownership dreams are basically dead. Move to the country, that's about your only hope.

@@Dan0TheMano it’s home owners more than anything. Anyone who already owns has all the incentive to make sure property values keep increasing 🙁

they'll just find some legal fronts....

@@maxpower8429 yes, to an extent. In my state of CA, 50% of households own the residence they are living in.

Your time will come, be patient, stock-pile your cash - the dip will come...trust me, 40 year Real Estate/Appraiser.

@@yeliab67 it's much different times then it was back then, corporations have no soul, they only care about money. The more housing they own the more they can set the prices, it's not going to drop when they own the majority and need to maintain their set profit margins, it's only going to go up.

@@yeliab67 I will stock-pile something else, not cash when the dollar is depreciating, things are not getting expensive, currencies are worth less

Move to Missouri you can buy a house in the sticks for 35 k

@@2100suprafreak no it isn't. Back in the day people used to get married, buy a house and then start to have kids. Not have 3 and then try and figure out where to live.

Homes have always been the greatest investment.

It’s disgusting. Just like someone treating bread as investment and raising its price - they are killing ppls necessities

Personal home is a liability, not an investment. You are not getting any return on it. The concept you will gain equity years down the road is flawed logic. You will pay 3 times what you paid for it just in interest. Then then their is the thousands in property tax you will pay every year. Then there is the maintenance and up keep. Houses are only investments when you buy them to rent out to tenants. Then it becomes an investment.

@@johnlyn1 if you want to spend your resources chasing inflation, that is your CHOICE! Just please don't breed if you do.

@FrankFit not at all look up Robert Schiller’s research. Homes rarely beat inflation over the long term. I’m a professional investor and a bought my first home as a college student.

The northeast is a wide swath of territory. If you are living in one of the affluent areas than yes but there are many more places that are not than are so you must be in an expensive area. I have lived all up and down the east coast and there are cheap places to live.

😔

Well according to Krystal, just keep saving a little longer and when it crashes, buy :) you're welcome...

Imagine tryna rent with a moratorium nobody wants to take a chance so they are looking for 700 credit score and u to be able to pay 3x the rent just move in

We just purchased a home in new England for 70k. We put about 20k into it & the appraisal we just had came back at 140k. Now is a great time to buy in the NE, you just have to consider the area.

I’m a Realtor and I’ve seen it coming while colleagues and Brokers play this crisis down.

It’s insane in my area.

@@cw6410 where are you located!

?

@@truthteller7331 What can the little guy do? Do we wait and miss the low interest rates?

Jeez man, you had me ropped in, thinking really, great etc UNTIL THE LAST SENTENCE! haha but tragic.

Nice

@@douglasrobertson1330 me too!, lol

Why do you think they push tiny homes and van living. Cause that is all you can afford.

😂

Blame the governments they shut down everything.

180% increases to date over the last year. F'n crazy. And they say inflation isn't real.

@@johndakota1165 blame the people that made the government shutdown go 12 month longer than it should have

First intelligent remark here sir

rising fuel costs thanks to Biden and friends makes the costs of transporting ALL goods proportionally.

I live in Houston (Harris County). I believe we are capped at 10% increase per year by law. You might want to look into if that applies to you and contest the rise.

Dude, that is soooo cheap compared to the coastal regions. That is why everyone is moving to Texas.

Wow!

@@andrewreisinger6860 Tax appraisal isn't market value. I've seen houses appraised at around $250k which were easily worth a million or two because they were giant mansions on sprawling estates. It's called corruption.

Appraisal values should reflect market values and tax rates lowered. I'm sure your market value is still much higher.

This was a really great radar today

Check out The Money GPS channel 👍

My friends and I have been talking about this since early summer last year. So many people fled NYC that rents are temporarily down, but property ownership is becoming even further consolidated, so we expect rents and home prices to increase significantly in a year.

@@crazycat1232 I mean by banks and management companies, like their piece discusses. In NYC management companies pool their resources and set up LLC upon LLC upon LLC so that you can't even figure out who owns the building you live in without lawyers.

@@crazycat1232 Exactly, it hurts renters and potential buyers, and the difference in how an independent building owner operates even if they are a landlord is incredibly different than what a building management owning 25+ apartment buildings does to its tenants. They break laws constantly, but are much more difficult to get any recourse from than if you know the couple of people who own your building. They can flagrantly violent tenant laws because they have so much money to defend themselves or tie you up in court. For example, my landlord where i've been living for 7.5 years owns a rent stabilized building and was charging me well over market value ($3500 a month) for an apartment registered with the city for $540!!!! I luckily figured this out and am now suing them for $600k.

It’s happening (apart from a few exemptions) through the country here in Washington state an hour away from Seattle (without traffic) mobile homes go for 450,000 I know this because 5 of my siblings are trying to buy homes and my dad with my brother our building 2 houses

East Tennessee Mountains here, I look at the listings every morning and they're under contract by afternoon! $200,000 and still needs TLC

@@heatherlove6906 thats all the northeast and west coast folks buy cash with their home sales profit. In my area in TX same thing.

It’s everywhere. Middle of nowhere locations have homes being priced waaaaaay too high. It’ll crash soon enough. Just watch.

I'm in Washington and it's the same over here... It's horrible and a true crime.

When do you think it will burst

@@AndrewDavid84 2Q or 3Q 2021 I’m guessing

@@AndrewDavid84 No body knows, this is different than 08. People that are buying are buying with cash, that means they have equity in the house. Keep an eye on when government forebearance will end, that will give you a window on when things might go south.

Except this is nothing like 2007/2008. Banks today have extreme strict lending standards (no NINJA loans) and these buyers today are high earning dual income households that have the cash/assets to purchase these homes.

Thanks for that insight. I never would have even considered that.

I've been thinking about moving to Florida because I can work remotely now However, the Florida prices are increasing at a rate that I cannot accept. It is not a good time to buy.

I clean pools in Rodanthe, NC. Its getting to a point here were businesses are suffering because there is no where for working class people to live. Everything is a weekly rental or air bnb. Its a living nightmare

Silas Zebedee market is absurd right now. Dumps are sooo overpriced selling like hot cakes. Bad time to buy

I bought a small house in Orlando Florida (in 2001) for $105,000 @ 4.25% for 30 years......I had a feeling in 2006 something wasn't right because my house appraised at $265,000 .....So I went ahead and sold it at that time....... Then 2008 came around....... I purchased a Winnebago and have been travelling for (12) years and currently in Arizona ....... The same thing that happened in 2008 is happening now....even worse !

@Dwayne Peters The real estate bust was 1999. I was a foreclosure paralegal. Houses were over evaluated and banks were lending at 125% and balloon payments were a standard.Then the IT world imploded and all these loans went into foreclosure with people owing 100+% of their original mortgages. It was insane and it was really depressing to watch so many people lose their homes

@Eric Douglas Either interest rates go up crashing the markets to j Clyde the US government debt, or they print even more money that inflation starved you to death (not exaggerating )Get a professional advise or a broker you can leverage on his expertise.

@Eric Douglas They're a handful of them, however, names like Naomi Nicole Rhodes are exceptional. Just look up the name on the web and follow the prompts and contact her.

@@aigajenkinson2495 I SAW IT IN 2006 WHEN I SOLD MY CONDO IN FLORIDA JUST IN TIME. BUT I WAS TRAINED TO SEE IT,MY PROFESSOR IN 2000 EXPLAINED THE TECH BUBBLE TO US.

Investors are willing to PAY whatever they calculate an ASSET is worth. The only difference between Wall Street and Working Class is, The Working Class doesn't know what Capitalism is.

@@reasonablespeculation3893 you haven't ever seen capitalism, unless of course you are a few hundred years old.

"young people to just pool our money together" Why CAN'T Joey, Monica, Chandler, Ross & Rachel pool their $ and send their Notary, Phoebe to purchase on behalf of "Friends LLC?"

What good will all of those homes do, sitting empty with no buyers? Every suburb, of every America city will eventually be abandoned and look like suburban Detroit.

@@2jz4me25 I bought my first home on my own at 23, 28 now and I'm going to sell before the summers end because there is a controlled pop of the bubble coming by design. Wake up. It's called learn the structures and games they play and play them to your own advantage. I did. Don't be a neck beard.

Land was free idk how tf we got to paying for it

@@lifesucksgetoverit5440 So true. I also believe the reason behind these ridiculous increases in appraisals on homes every year is so states can collect that much more in taxes.

@@lifesucksgetoverit5440 there’s a building on the land.

@@lifesucksgetoverit5440 land speculators like George Washington (one of America's 5 richest presidents ever) decided that land should be a thing we pay for

They knew banks are so evil

Awful deceitful practice!

Did you, speak up? Question it? Feel bad? Leave? What?

@@Pytor007 Probably nothing

@@Gunner77269 agree with you 💯on this one...

what can one man do?

Is rent at least still affordable for a single person, or is that getting ridiculous too

@dearnaomi How much on average for a one bedroom studio in a decent area? Or even how much usually just for someone to get an airbnb by themselves for a few months?

What about new build homes? Is that better than buying existing home?

Texas makes sense however, we do have a good system here. Austin is the problem of texas because its growing too fast and all these houses are overpriced and only people with money win them and then the areas become too wealthy and with a single recession, this becomes a problem. If everything is too high, the taxes dont come back down so youll still have your payments plus the steady increasing taxes.

@@homehere9817 lumber prices have gone up astronomically over the past year. Between COVID shutting down mills and various disasters last year, supply is at an all time low. Plus a lot of folk had spare time at home and a few projects to work on so demand spiked during early COVID. I've been told the cost to build a new modest sized 3/2 has increased by $35-$45k just since last year. Plus, due to social distancing, contractors can't work as fast. Add to this the lack of folks working construction and we have a massive problem for building new.

They can learn to educate themselves, heal themselves, and fix their cars by watching RU-vid. 😆

@@tylertyler82 They can learn coding.... just like the coal miners and truck drivers!

And amazingly no one will get raises or benefits to be able to keep those jobs.

@@SRT480 Then the housing bubble bursts and those who invested all that $ go bankrupt. Home prices drop, and that's when the smart people pounce.

@@joncarbone 15 years ago I would have agreed now I just assume big government will bail out the companies who made bad choices

until they rise and just a few points ... then those who bought at inflated prices start losing equity. Then those who hung on wanting to sell at inflated prices. Start selling. This gal is delusional like you will miss out. Lol. Same thoughts in 2008. No thought of a housing correction !

The bubble can’t last it will crash and those who bought will be submerged in a house payment 5 times what the house is worth

Buy HOGE coin!!!

lower interest rates is whats causing all this, money becomes cheaper to borrow so demand increases.

idk what that means, but this is just part of the logic of capitalism. The more consolidation, the more power, and the more exploitation that can be carried out. I don't think it's a conspiracy that it's in the interest of the elite to buy everyone else out of house and home and raise rents

@@Gerg1n8eR He meant the World Economic Forum's 'Great Reset' plan for the next decade, which ironically is an organization of exactly the types of powerful people you just described :)

@@Gerg1n8eR - if you think this is a result of capitalism you’re mistaken. A federal government that is 30 trillion in debt, and continuing to print and spend at atrocious levels is not capitalist or free market in any sense of the word. Capitalism requires one to balance a budget or else you go into debt and your life’s work gets sold to the highest bidder.

@@billbillson5082 It's not a free market, and I'll grant you that there is a difference between the status quo and your libertarian ideal, but it is still capitalist. The economy is made up of private companies in private hands. Yes, the government spends money, but still those companies are in private hands. And then there's the part where the government spending overwhelmingly goes to either the finance sector -- capitalists, the military industrial complex -- capitalists, social spending -- ends up with landlords and local businesses aka capitalists, healthcare/pharma/insurance -- capitalists, and so on. So the spending is at the behest of capitalism, because government policy is set by the donors of politicians -- capitalists. So when you say "this can't be capitalism because the government spends money" please understand that I don't believe you after I look at the government and see all this. What I do believe is that your capitalist ideal is not the only true capitalism like you claim, but is instead a subset of capitalism. Call it "Libertarian Capitalism" or "Free Market Absolutist Capitalism" or something to differentiate it, but I suspect that you'll have little luck redefining terms people already use.

@@Gerg1n8eR ok so what’s your solution?

Your opportunity to buy will come soon. I was estimating this bubble burst by the 4Q 2021 or by 1Q 2022but the prices keep on climbing at an alarming rate. I think it’s going to pop by summer-fall this year 2Q 2021. Stay the course, don’t buy just yet!

@@THEECATGUY good point and I agree. My wife and I will just wait it out ! We are in no rush.

@@steved1880 sadly you should wait it out instead of possibly being upside down on a mortgage that is over priced for the house. It's going to take time and patience but never stop looking, yet, better lock in your rent amount too. Good luck!

@@THEECATGUY the market can stay irrational longer than you can stay solvent, I largely agree but add two more years and stop talking about quarters.

You are lucky to have this option

Ha!!! We've seen this before

Got the same thing smh

I saw the add for a $7000 watch before the video.

Download Vanced

algorithm

Hello Bella How are you doing? Hope you and your family are safe

I get one per day almost...at least 3 per week....

Every day. The house three door down is selling for $50,000 above what it was sold for two years ago and they are taking offers. 600 square feet no yard no off street parking....crazy.

Do it now, rent an apartment to wait out the crash, then buy in again right after the crash.

Yep! Had a guy call me for condo i sold 6 years ago!

I recently offered a piece of land I have for sale and had 50 offers in ONE day! And the price was just what I had in it, I was not looking for big profits. My home is 7 years old and I have ppl calling and knocking wanting to give me 50% more than what I paid for it. Crazy!! I went thru the bubble in 2008 and that property lost 50% of its value, not doing that again. I am happy to see you got something before it went totally insane!!

I got LUCKY buying mine. I happened to get into a good position where a friend of mine was selling her home and sold it to me exclusively. I also sold my condo and made a good chunk of change which helped a lot. Even with my perks it was a nightmare

Don’t stress too much, as long as you plan to live in the home for a while you will be fine. Your payment will not change if you used a fixed rate mortgage and ideally your incomes will grow over time so that you will be paying the mortgage with inflated dollars. In ten years you won’t want to sell because the payment will feel so low. Fluctuations in the market shouldn’t affect you in the near term and in the long term most real estate is not very volatile, you’re going to be fine :)

@@bblanco9698 Makes sense! Great way to put things into perspective. I can slowly back away from the ledge. Lol.

@@Bdukes90 glad that helped!

bless your heart

They better be!!!

Wow what a great dad

...ok???

Smart Daddy! Lol😊

that is insane is this true?

@@TheMrgoodmanners It's not explicitly stated, but, there are no new builds in rural areas that have small footprints.

It's criminal!

Thank you, global elites who are not Americans but are running America including our amazing military. They have stabbed Americans in the back snd are now done with us and you...

if you are a vet or active duty, then you should be able to qualify for the va home loan, you may have buy in an area that's affordable but it's possible.

@@briandawkins1770 I have VA loan less than 4% interest and live on less than 80k per year with savings in the bank. All it takes is moving to a place where deplorables live. I love it.

16 years of BAH and the ability to use the VA loan along with constantly being stationed in areas with guaranteed paying tenants (military) and you never bought a house? Hardly seems like anyone's fault but yours.

Save your money. When the bubble bursts & foreclosures start you will b in good position to buy something

@@ronskancke8166 that is what I plan on doing, hopefully in the next 2 years.

You know. There’s other ways to obtaining a home. You can buy in a rural area that offers zero down loans. Live in it for a year then sell and use the proceeds to upgrade to something you actually want. It’s not hard. Your just over analyzing how to do it.

Good luck growing a garden, criminalizing growing your own food has already started in Croatia. Look it up. True story. NOT a conspiracy and I've read this would happen over 16 years ago. ALL part of the global elites evil plan. you'll own NOTHING and you'll like it. BS.

@@coloringkarma2 good to see people are doing their homework. If only more people were awake to this fact.

Hello Elizabeth How are you doing? Hope you and your family are safe

Work hard save money simple

you can buy a home, but i know you mean, a home in your desired town. why are people so against going somewhere else ? theres still plenty houses in the midwest. its a shame most of us have to give up on on places like CA/Seattle/NYC but you can still have your own home, just not in your favorite place.

@@jjohnson8977 you can save when everything has an inflated price tag. I'm waiting to be charged just for breathing air

Look into the rural areas of TN. I see homes in rural areas of most states for under 200k, even under 100k where you're not so close to your neighbor that you can see inside his windows. There are homes with plenty of land in the country in my state going for 80-100k.

or split rent 3 ways with 3 good wage earners...

@@markbrownner6565 my parents are from India but I was born and raised in the US. In Indian culture in America we have this slang term called the "pind lifestyle." The "pind lifestyle" refers to a bunch of Indian people in America who are usually poor that all live together. It could be 2-3 families or even more that live in one house together to survive. It's pretty sad that we could see this "pind lifestyle" apply to Americans that are non-indian. I'm one that doesn't believe it could work for non-indians due to American cultural-ism.

@@doctorx1924 it's a very typical immigrant story... live together pool resources get ahead... irsh jews italians russians etc

@@markbrownner6565 agreed it works for immigrants but I can't see regular people who are born and raised in this country being able to do it.

@@doctorx1924 try appalachia with multi-generational homes

Sounds like a commune.

It’s called Campers and school bus living. Looks cool but more work than a house.

I’ve been stressing this for years...I’ve been saying it’s time for millennials to take over these cities cause these old heads are running it into the ground

@@businessuser632 Age has nothing to do with it. It's a mindset devoid of true values that's doing it. All of us are guilty of that here and there. The people you're trying to describe wallow in it.

Sign my family up

Poh Philippi got ok I d

Trump "fixing" NAFTA, his dumb dumb trade war, and the prices of lumber tripling because of it, is the problem. They don't even address this fact in this clip. It's the reason people are cancelling new builds, and looking for preowned homes.

"....homes that most are NOT WORTH WHAT YOU’LL PAY FOR IT." It's all about location. It's the market the determines the worth of a home.

@@hurkamur1 your way off base.

@@jaquesstrappe7664 Bought a house, had a kid, gained prosperity. He certainly didn't f*ck the housing market a-la Bush.

George Carlin!!

To those of us who escaped Communism we still see the American dream. It's the f'd up values system that corrupts it: taking freedoms (LIKE FREE SPEECH) for granted, entitlement by buckets, living beyond means (demanding others' paying for debt incurred from useless degrees while taking offense at suggestion that going to the 'dream school' or learning a trade is beneath them 🤯/latest phones/ getting in debt by lunacy of consumption is what warps it.

@@victrola2007 I can tell you have always had money because if your blaming the lower classes you are ignoring how bad capitalism is screwing us all.

Wow!!!!

@@MrKenny1914 No. Those who come here see opportunity. They know people will pay them if they have a skill or product that is in demand. The higher the demand, the higher the profit. Those born here see entitlement. They expect top dollar regardless of their skill level. Industrious people will always find a way. Lazy people will always blame the system.

Don’t you wish you bought a couple lol

SF Bay Area. Just closed a deal for $1.35M fir 1st time homebuyers. I'm a,loan officer. I despise these markets. Used to help people buy homes for $500k. Can't get a condo for that. It's the have & have nots. Tech workers In companies earn stock so they become wealthy.

In Hungary, this happens too. It’s global.

Same. stuff is crazy here in the Austin market

Same here, demand far outstrips supply. People are bidding like crazy for subpar listings. The price of lumber is driving new construction prices through the roof and contractors won't build affordable housing because there is no profit in it.

It’s so real. I just bought a home and it’s very wild out there.

Here in VA is horrible, normal middle-class people with not thousands in the bank do not have a chance, sad but true!!

What's going to happen when mortgage forbearance expires after June 30?

- Albert Einstein

Only if the interest that's compounding exceeds the rate of inflation...

Inflation is negative compound interest

American dream is a mirage.

@@golondriz3 It's not a mirage it's just harder to achieve than ever

@A M You'd better take another look. A mid one bed apt in portland, freeport, brunswick, etc. Is about $1,500 (and just like SoCA, they also have very high prices rentals) That is precisely the mid same in Los Angeles county. Moreover, Maine is exploiting middle class to subsidizes lower class housing. So you will see a lot of 1 bed apt for $6-900, but they are reserved for section 8ers. Property management firms control the property and inflate rent because Maine allows it.

@A M I suppose it is to those that aren't capable of achieving anything. If you're smart about where you spend your energy, you can definitely still build wealth and be successful. Why do you think otherwise?

@A M That felt explosive. We obviously don't live in a meritocracy and some have it better than others by design or by chance. I'm not aware of any other system where this isn't the case. Sounds like my interpretation of what the American dream is just different from yours. We're obviously on a sinking ship here competing against each other for scraps, just have to be more resourceful now than ever to build any kind of wealth

It's the J that has done this.

Don’t blame the older generations for something the federal government is responsible for. These young people like big government, and now they’re getting squashed by it.

@@billbillson5082 Young people like regulation, so this doesn't happen ya dingbat.

@@billbillson5082 It's the lack of government involvement in this that has allowed these shell companies to do this.

@@sarahdohring1551 - wrong. Government mandated sub prime lending..amongst a host of other things. Combined with ballooning deficits and non stop printing of money, you get what you get. There are consequences to being 30 TRILLION in debt and pumping money no nstop. Regulation? When is the last time dc effectively regulated anything 😂 they can’t even balance a budget

Welcome to the side effects from a poorly regulated country.

What I find so funny is. The HUGE prices are in Markets that the most popular places to live.

Just have your money ready when the bottom falls out. We are definitely in a bubble. I missed out in 08. I'm going to be all in this go around.

@@scottieflamingo718 But im worried if i stack cash will it be worthless due to hyperinflation. Any general advice?

Pension funds are not greedy. They are trying to insure that their beneficiaries have a stable retirement. Hedge funds are greedy.

Learn another language and buy a house in eastern europe or latin america for a small fraction of the price

@@joanfrederick9176 Even if you own your home your property tax and insurance can go up if the value of your house increases.

I agree . Even if you want to sell and move somewhere else or downsize , you can`t .

@@smokedbeefandcheese4144 I mean it’s a great place and I don’t plan to move, but it’s one thing being where you want to be and always being able to move if an opportunity comes up. It’s quite another when you know you are locked into where you’re at (like it or not, you ain’t moving). @YankeeSpirit I am multi lingual and that doesn’t make me feel any better. I wouldn’t mind owning a house in Latin America, but I don’t want to be far from family all the time. My point here was that the housing hyperinflation affects everyone - home owners or renters. We are all stuck in place.

I’m in cda as well! I know a lot of average people around here who have sold their homes for great returns and I’m super happy for them. Unfortunately like a lot of people here in my age group (young millennial locals) I feel I’m getting squeezed out. I know so many people who are getting kicked out of their rentals even as the landlords either want to sell or raise rent $500 more a month. The housing in cda just can’t keep up as well as the wages.

@@wackkawack6640 What they do is build and entire new home around the old structure. So they will build a 4,000 square ft home around that old house. Very common in the DMV (DC, Maryland, Virginia) area.

No upgrade. Buyers just wanted the lot.

They'll tear it down and rebuild a new home OR fix it just enough to look like all the home cable shows and sell it for a profit. The thing is, the neighborhood will determine if that works or not. I grew up outside of DC. THere are areas in MD I would not move to if you paid me to live there. Outsiders don't know this and many have taken a loss thinking they could flip it after fixing a house up. Nope. The house has good bones...will be intersting to see what happens to it.

It’s called record low interest rates... lower rates mean you can buy more house for a lower payment. With all the buyers wanting to buy now due to the lower interest it drives the price up.

@@vintagejeep also some that would sell at these prices are staying put because no one with a family wants to move during corona

Happening here in the PDX area too.

@Bald Eagle think that's why they've been moving to Portland lately

Ryan Dodgson nope, just supply and demand. Prices have been rising all over CA since 2011 and have not really flattened or decreased.

What is the great reset?

@@joeyp12788 The Great Reset is the name of the 50th annual meeting of the World Economic Forum (WEF), held in June 2020. It brought together high-profile business and political leaders, convened by Charles, Prince of Wales and the WEF, with the theme of rebuilding society and the economy.

Eventually “we will own nothing and be happy”. World Economic Forum. They want everyone to be renting from the government, just like in communist Russia and China.

You're just four paychecks away from foreclosure.....

Appreciate your wisdom Frank. Thanks.

Please explain. What do you mean the banks will beg??

Oh man I hope so. It's awfully hard to see an end in sight, but I keep telling myself nothing is permanent

Thank you

You're funny. what about the Casual levels of greed for the last 70 years of the middle class and the poor? because if you haven't noticed inflation happens because of government decisions and programs. and when 70% of your taxes are literally paying to buy votes from different groups of people. welfare Social Security other entitlement programs. essentially the reason the inflation goes up. is because of the poor. the taxman knows I can only take so much from the rich. so the politician knows they'll be thrown out of office if they up to taxes on the middle class on the poor. so they just inflate the dollar to pay the bills that the middle class and the poor don't want to pay. so who's really greedy?

Why rushing into getting a home at this time. There are too much unknown with this crazy market. Get your house after the crash if you still have a job...

All humans are greedy, especially the broke ones. The poorer a person becomes, the more desperate and greedy they are. If you were at the top with millions of dollars of homes, you would do the EXACT. SAME. THING.

@@tinchauea this isn't really a housing bubble in the usual way. because people are simply investing their money currently because interest rates are low. but inflations about to hit when the pandemic ends. when that happens house prices may go down a little but they're still going to be way higher than they are now. so it's really about people putting their money into something finite that will increase with inflation. for example I bought a house for $50,000 in 2005. That house is now worth150 to 200k. so at this point you're kind of gambling with your money when you consider inflation. if you don't invest into something before inflation hits. then you can calculate the margin of money you're going to lose out of every dollar you have. and in the last year between both administrations they printed something like 40% of the entire money that ever existed in America. so while you may be able to find something perhaps cheap 4 or 5 Years From now.. there's also the good chance that you're just pissing away money on rent. That's why I suggest people get a van and a gym membership.

Have you considered relocating to a market that is less competitive but still offers decent quality of life? Sometimes we must think outside the box and make major changes in order to achieve our goals, and if time is not on your side then the only option is to open up the decision space to consider more options. With many jobs being remote these days, people can often pick and choose any community to live, and take their remote job with them. That said, I agree the housing crisis is real and is already happening, with many folks earning sub-middle class incomes feeling the rising cost burden of rent. Unfortunately, rent only goes up.

@First Last There are plenty of countries where home ownership is not even an option, due to corruption, crime, lack of economic opportunity and so on. Fortunately, the US is a country where property ownership is attainable if one is willing to put in the time and hard work to save even a modest amount of capital. The home ownership system in this country might not be perfect but it works rather well for a large enough number of people. If it does not work for a given individual, the first place to look might be in the mirror.

@First Last I can agree with that. Home ownership is fundamental to national identity in the US as a mark of success, and is etched into the social consciousness. It is part of the American Dream. As to reasons for comparison, it is simple: most immigrants do come to the US from 3rd world countries. They therefore feel that they owe it to themselves and their family to 'make it', and you don't make it here until you have something to show for it. What better than a house to be able to say, 'this is mine.' Hard to top that as a symbol of success. And as with anything, where there is strong inflexible demand, there will be supply at all costs, fraud, scams, and hustlers taking advantage of the unsuspecting consumer. Buyer beware.

I'm in the same boat.

@@foreign_agent Agree! That's exactly what I had to do. I found a beautiful place 2 months ago. Thank you! Sorry for the late reply. My notifications were off 🙄🤣

it's in australia too? I heard that Australia and China real estate is owned by chinese?

@@obamabinladen5055 possibly, we just have a lot of greedy mega investors and a government that refuse to regulate. Plus they sold off most public housing and many lower cost rentals are now being used as air bnb so the cost of renting has skyrocketed.

@@MsDidi38 insane. we're heading towards techno-feudalism.Get your own little corner of peace before things solidify.

My partner and I make 175k a year. We’ve been priced out here in San Diego.

I'm a young engineer and expect to be able to afford a decent starter home in the current market by my late 20's (well, 20%). No gift money or unfair advantages. My job doesn't pay amazing or anything either (it's good, just not great by engineering standards). Real estate prices are very high for my state and being on the west coast just makes it more expensive. Still, just sticking to a budget and good planning go a very long way. Especially helpful to look for side income sources. If I had dual income it would be far more achievable as well

Well, someone else is going to buy it and either raise your rent or kick you out of it.

Maybe he can lower the price for you. He seems like he respects you enough to ask.

I had the same thing happen to me and I gave them the same answer. Biggest mistake I ever made. He probably would have worked with me however to make it happen. Without owning, you are at the mercy of these investment firms and they dont deal in mercy.

This is throughout the U.S. every state.

Homes in California ( Irvine ) gets sold 4 hours before being put on market

@Matt L Nope. I’m building a tiny home for $50k

Yes, because not many are selling. This is fake news.

Mathew do you know what area is selling like hot bakes? You think houses are selling for more than what they are worth?

Buy a gun

@@omeyehead7436 For what, are you promoting suicide?

@@Elcherino123 No you idiot, it’s to protect himself. Why musts suicide come to the mind when guns come up? As if it’s only one way to commit suicide.

Ugh... Yes this is what it seems like. I'm a Realtor® and it breaks my heart to see this happening. People are creating a situation that isn't going to be good in the end.

People in the U.S. will slowly be squeezed into renting and urban environments. Why aren't we seeing a huge push to supplement home owners will green energy production they can generate for themselves such as solar paneling? There should be panels on every single U.S. home and those in power pushing the green energy and who support the coming carbon penalties should be doing everything they can to see that homes are generating as much of their own clean energy as possible, yet that isn't happening and is being ignored. It's pretty fishy.

It’s bs. This report looks at only small geographical areas in this country to skew the numbers to make their point that “rich people are evil”. Suburban and urban housing prices are always in a constant bubble then burst pattern due to the constant changes in demand for that housing. Of course, the average person doesn’t know this so vids like this can brainwash you into thinking there’s some evil plot happening when in fact it’s just the normal flow of business in the real estate world.

@@acedeadeye2052 no BS. Anyone with half a brain can see there is something desperately wrong with the housing market. I knew we were in trouble when 2 years ago I saw home builders offering zero down homes. I said, look, it’s starting again, the same nonsense that led to 2008. Then you add in the “cash offer” weirdness. The only part that is truly bizarre is, why on earth would investors buy at the top of the market? From an investment standpoint, that sounds like exactly what you shouldn’t do. What’s the full story? Add to that even places like nowhere Iowa is seeing price inflation. Missoula Montana too. Virtually anywhere you look, the prices are inflated. It is NOT select markets. It’s nationwide. And from what I’m seeing from others in Europe and Australia, same thing there. Something is going on. Not sure what exactly. I don’t think this program really explained it all.

@@acedeadeye2052 actually, rich people are evil.

@@atenrok really? And your evidence to this statement is what exactly?

@@acedeadeye2052 basically, the entire recorded history of mankind + my personal experience 💁🏻‍♂️

Yep. A friend has a little place in Kirkland that has nearly doubled in value over the past two years. It’s insane!

Same here in Portland. It's horrific. Rampant greed. And we hardly have any inventory of homes either.

Maybe time to move to a small town in a flyover state?

Rent is actually down in Seattle 18% but housing prices are up 11-12%. I ran the numbers and it still makes sense to rent until condo prices stabilize.

Let's not talk about companies buying a $400K house for $1M, tear it down, and put 6 new townhome at $1M each.

And at that time the federal government wasn’t spending most of our GDP on government programs. Interesting how people are richer when DC has less power.

Sounds about white

That was before massive amounts of women and third-world immigrants entered the labor pool and undercut wages. A man was somewhat able to support a family on one salary back then. Not anymore. We flooded the market and stagnated wages. Studies show this all started in the early 1970s - coinciding with the effects of 2nd wave feminism and the Hart-Celler Immigration Act.

Your point is the successful Republican crusade to destroy unions destroyed middle America and enriched the already wealthy

@@ion6538 Nonsense. It was the destruction of unionized labor

@@Dan0TheMano what will be the catalyst?

@@PhilOrth if history repeats itself, it will be the wave of the housing market flooded with homes that people cannot afford to make the payments, foreclosures, bankruptcy, and the banks refusing to give those massive loans for overinflated prices... supply and demand.

If anyone got the announcement from the Biden administration today it looks like the government is planning to bail out "home owners" by allowing them to stretch their mortgage by up to 40 years. And allowing you to go into forbearance right after purchase.

@@anniesshenanigans3815 but this time around you aren’t seeing ARM’s as the vast majority are fixed rates and there are stricter and more verified DTI’s. So while homes are inflated, qualified borrowers are buying them and even if values drop, the owners will continue to be able to make their payments. What I’m seeing in my market (Phoenix) is that the inventory is sooo low because these institutions are scooping anything and everything up and paired with a large influx of out of state buyers leaving California and other states, it makes for a blood bath of competition when a house hits the market. I just don’t see how there could be a huge crash (at least in my market) other than if the institutional investors dumped their entire pool of homes and jacked the supply up. But why would they do that? I don’t know, I’m just an average joe who is trying to make sense of everything and also been on and off of trying to find a home after selling mine 6 months ago to take my equity out with the thought that the market would drop when it’s only gone up.

@@anniesshenanigans3815 and guess who will gobble up the cheap foreclosures and hold them until the market turns around? The same f*ckers that are buying homes in bulk now. We're turning into a feudal state.

and still be hounded by the police for not giving your arm and leg. at this point finding the fanciest prison i could get sent to might be the best housing option at this point.

@@ethanstump So then. The Great Reset.

@@tlome8033 yep. only the rich are allowed to own and control anything. til october revolution 2.0 that is.

@@tlome8033 new world order is coming. Mark of beast system via rfid chip implant on hand or forehead is coming. Jesus christ is coming back for the rapture(this decade) get ready

@@daebak7370 🤣🤣🤣

Same in nevada

I'm not surprised. I've heard that the housing market in Boise in particular is really bad right now. People are fleeing expensive west coast cities and driving up prices in Boise.

@@97I30T to call it a housing crisis is not a stretch. It's unlike anything I've ever seen in my life having lived in 4 diff states

@@gooberstankable It is a crisis! I live in Kansas City and it is much the same here. I had a friend offer $40k over asking price for an ordinary starter house in a suburb of KC and she still got outbid. Something has to give. This is not sustainable long term.

@@97I30T I believe it's sustainable. Many of these home will be rented out. People need a place to live and if they can't afford to build or buy for themselves, they will be forced to rent. I believe that's the greater plan.

Vancouver prices are totally disgusting.

Word.

so 200,000 usd

@@laurafulton7023 It's not foreigners, it's corporations.

$1.5 in the GTA, god aint having none of it... :GL