In the hyper-inflated US economy, a significant portion of the population faces immense challenges with affordability, particularly evident in the housing market. Even in once-affordable cities like Las Vegas, the dream of owning a home has become a nightmare for many due to soaring prices driven by corporate greed and relentless consumer demand. Las Vegas homes for sale, once within reach for aspiring homeowners, now symbolize unattainable aspirations and financial strain. As prices continue to skyrocket, the prospect of homeownership slips further out of reach, perpetuating a cycle of financial insecurity and social disparity. If you’re looking to buy a home, whether in Las Vegas or elsewhere, it is essential that you do not overbid on the price as many homes are significantly overpriced. It is wise to be patient if possible and wait for home prices to recede, even if it takes most of 2024 for that to happen. As a local Las Vegas realtor, I help people make the move into Las Vegas all the time. Reach out to me anytime if you're considering moving to this beautiful city. It would be my pleasure to help you find your perfect Las Vegas dream home. Jerry Abbott - REALTOR Summit Properties Call/Text: 702-550-9658 Email: jerry@jerryabbottrealty.com Website: jerryabbottrealty.com
If someone bought a house in a nice section of vegas, let’s say summerlin, in 2006-07, the peak of prices, and lived in it and still live in it, that person would be in the money as house prices now are more than it was at the peak in 2006-07. Not only that, that person would have recouped the entire cost of the house from rent payment savings, ie not paying rent in equivalent rental housing, or would have payed off a 15 year mortgage. So unless you are a speculator or a flipper, attempting to time the market, it really makes no difference when you buy. Of course, every person’s economic situation is different but you either pay rent and live in a rental, which is basically money wasted, or buy a house, unless you want to live in a tent on a sidewalk. So, instead of wasting time and mental effort trying to time the market and act like you can foretell the future, buy a house within your financial means and just carry on with your life. Some of your points are valid but you are too tense. Relax, mate and let caveat emptor
And I understand Jerry, I've seen it all but it doesn't get any easier when you overspend an areas outside of the basic fundamentals.. it's just economics 101 but I know it's tough out there as well.... I've been riding a bicycle to save costs on vehicles unless I absolutely have to drive one far... Those are the things I'm referencing 👍
@@888strummer I highly doubt that will happen but you never know when it comes to the Fed. If they start cutting rates they will bring inflation right back into the mix and reverse everything they've been trying to do.
I can relate to the young lady in the intro. You don’t catch a break when you grow up poor. This is so true, my advice would be don’t lose focus and keep fighting. Start by eliminating anything that you don’t need and try your best to get out of debt. I am speaking from experience. Dont quit!
That young lady who is struggling is sadly one of the many people in this world trying to make it and unfortunately they are losing the battle. Sad. Hopefully she and many others can find a way to make things easier for themselves.
Nuts dont become billionaires and it's not luck either. She's just looking out for her bottom line. Its very logical and my job is to not get fooled by her or anyone with a similar stance. 😉
Normally I would agree with you but many of these homes are now being purchased in cash compared to the previous real estate crash from 2008. However, millions are already struggling in keeping up with home payments, and it likely will get worse for those who financed, especially if we see a downturn in the economy.
That's what I've been saying for a while now also but up to now the layoffs are just trickling in. You'll need alot more than this to even budge the market. But even if you have a 2 - 3% mortgage rate if you have no job that mortgage will go unpaid. Supposedly, Idk anymore tbh...
Barbara Corcoran said the same thing on the Today Show in the Spring 2007: "She noted on letting buyers know that now is the time to buy, the sky is not falling".
In California the average age of first-time homeowners is 49 years old. I'm not a professional economist but I know a bubble when I see one. Just look at the Las Vegas real-estate market- 700,000 for a 3 bed 3 bath home when the median income in the area is 66k per year is the text book definition of a bubble. THE END
We bought our house in south Orange County at 25 yo. We made $300k and that makes our market affordable. No one puts down 10% here, we paid cash for our last home.
Remember when you saw all of those weird flyers on your car windshield or on your front porch that said "I will buy your house in cash"? Yes, those flyers were made to appear from a normal avaerage home buyer but in reality they were sent from Blackrock and other corporate home investor groups. Buying up American homes right before the spike in home prices treating the real estate market like a casino.
I got a call about 6 months ago and it was from an agency looking to buy my house. The gal asked if I was interested, I said "absolutely". She seemed excited and asked what I would want for the house (Appraised approx $400K) and I said "$1M". The gal was a bit taken aback and said are you willing to consider an offer below that and I said "it just went up to $2M". Long pause...she then sort of stuttered a bit and I started laughing and hung up. No way I'd ever sell to one of these Blackrock, Zillow, Redfin, etc...funded groups. Unless of course they gave me the $2M" haha.
I’ve always been against standard 6% commission. I don’t pay 6% when I sell a car so why should I pay 6% for a home? Commission on a $1m home would be $60K - an absolute bs.
That's exactly why the lawsuit settlement happened because sellers hate paying those kinds of large commissions. It remains to be seen as to whether or not that changes the real estate landscape going forward.
I've sold 10 homes in my lifetime using Craigslist and bulletin boards and no agents...gave the purchase agreements to the title company and they did all the work. It's not rocket science.
Great video!! What I think people aren’t talking about is even if rates do eventually drop banks might raise their lending requirements limiting even more people getting loans. This happened 2010 to 2013 when rates were at the low 3s…
That's true and when commercial real estate crashes, many small and medium banks will restrict lending even more. It could get ugly and we would likely see a reversal in the market/pricing.
💥💥💥 why can't a seller just put a sign in front of their house "for sale" then if someone wants to buy it you can type up an agreement, have it notarized and that's it you don't need all these real estate agencies and stuff. Common sense.
Exactly how it was done in the old days before the realtor created their association and created the MLS in order to have a list of homes for sale that they kept relatively secret. I remember as recently as the late 1980s realtors would not let you see houses listed for sale.
That can be done but much harder to do in cities like Las Vegas where most of the homes are within an HOA and many HOAs don't allow yard signs. It also is harder to do a FSBO (especially if the market goes cold) and far less buyers even know about the home for sale unless they physically drive by the area.
Hi Jerry, There is something to be said about "buying now". I have been convinced that there had to be a correction for at least the last 10 years. About 10 years ago I had advised my daughter, who had just started shopping for her first home, to wait a while and keep saving for her down payment because at that time I was convinced a correction had to come soon. Well, the correction still has not come and she was priced out of the market years ago. I still believe there must be a correction. Houses are unaffordable to at least 90% of the people, but somehow, someway people are still buying. So my opinion is, it's worth considering buying now if you can afford what you want, other than hoping and waiting for a correction that may never come or if it comes it may not being as severe as needed.
I agree with you because prices for everything over time will continue to increase due to constant inflation. However, it has now become very unaffordable for the average person to own a home, which is very disconcerting. A correction should happen but that likely won't happen until there is a recession and a lot of collateral damage, which will present a new set of problems that will keep those on the sidelines even longer.
You are so right about that female Shark.. She spreads what she wants to happen. HOWEVER.. 1 thing she said is correct. "SELLERS ARE GREEDY". Most sellers did not pay that much! They are trying to make pure profit. Like, RENTS. Most apartment complexes have been built for at least 20 years. They don't need to raise the prices. TBut they do because they are greedy
She wants to sell off her properties before the crash. lol. The silver lining for us normal folks, as I've said many times, is that residential real estate is super risky for large fund managers as it takes time to sell. Traditionally they would avoid it or just deal with commercial properties. So they are beginning to panic and saying "buy now!" as prices are edging downwards and sales are slowing to a crawl. Sitting on 200 properties and watching their value go down daily by a tiny amount with only 1 or 2 selling a day... When it does crash, they aren't like banks that can hold properties to weather a downturn, they must sell to save the rest of the portfolio. Prices have to drop. That's why we wait. Their greed has them on the edge of a very unforgiving cliff, just like in 2007. All we need is for the Fed to mess up ( they always do - lol ) and trigger the sell-off.
...and the government is spending the dollar into oblivion. The devaluation is worse than the inflation, but the administration wants us to eat both! $1 in 1960 is equivalent in purchasing power to about $10.48 today, that's the even bigger reason the price of EVERYTHING is going up. Government is the only one that can print money and they just refuses to acknowledge it because it's exclusively their problem. In 2012, the government started a printing run that hasn't slowed down.
Jerry, solid observations well communicated. I agree 25’ will be a distress market, inflation continues to rise, income is stagnant, something has to create affordability in housing, price will be it!
Some of these homes sold for less than asking price but someone wasn’t smart because they still overpaid. You have to see what year and price the home sold before that. So many added price with no added value. Buying on a downturn is just losing equity right now.
Buying behavior has been absolutely insane during the last couple of years of this bull real estate market. That is unlikely going to change this year.
Home prices will go up forever but buy buy! … personally I think it is going to be a long time before we see prices adjust back to affordable again. Fed is clearly ain’t doing enough to bring inflation down and they are playing politics. So my expectation is higher rates for longer which will squeeze the middle class
Seems lots of price cuts in Vegas have happened since last fall. But then you’ll see one property dropping the price while next door a similar place is increasing the price. I don’t understand this.
When you actually show how homes sell for far less than listing price, It firmly gives what you're saying much more believability instead of just talking about them being overpriced. Jay Z said it best: "Men lie, Women lie, numbers don't lie".... I am one who greatly appreciates actually seeing that these houses are selling for less because it definitely makes it much easier for me to sit and wait the market out as you instructed. Thanks, Jerry. I'll be reaching out when the time is right, sir.
I always appreciate your reality checks Jerry. With the consumer crushed by inflation, credit card debt exceeding $1.1 Trillion and rates still too high to refinance, nothing good will come of this…
Nah, too many people have bills to pay. What's really going to happen is that buying agents that have huge pools of clients will then become listing agents, allowing homeowners access to their clientele. Listing agents with no/little buyer pools, and buying agents with smaller pools are going to get destroyed.
The home rental market is also edging downwards. It's possible to find condos and homes for rent for $1300 in decent locations. That homes for rent via a broker are cheaper than a traditional apartment is surely a sign that the market is dropping. The only question is how fast?
You do not need a real estate agent to buy or sell a home. Just sell your home privately. Most homes sell for cash in this market. Get a home inspection if you think you need it. If you really think you can't go it alone, get a real estate lawyer to help you. Real estate agents do absolutely nothing for you!
Lots of necessary pain. But we must maintain high rates to kill inflation. If you cannot afford a house now… if we cut rates the house prices will skyrocket. The problem will explode. The government meddled and did not permit a normal economic cycle to happen.
In your Zillow examples, I think its important to also disclose the sellers' purchase price. In each example you gave, each seller made a significant amount of capital gains...even the cheapest home. As you know, capital gains can be tax-free depending on the situation. The home on Night Song Way was sold in 2019 for $615k and sold in 2024 for $4.9million. The $500k price reduction doesnt seem so bad! I would think the sellers of each home had sub 3% interest rates on their mortgage and needed to get the most capital out of the sale of their home to buy their next home. So, was it not their agent who advised the seller to start with a higher asking price?
The sellers have been making out like bandits in the last couple of years. They may have started high to see how many potential buyers they could bring in before realizing the prices were absurdly high.
When your utilities work, that is... I have friends in Texas and every winter since 2021 has been rough for them - the Texas grid is barely holding together.
Buyer needs to sign a buyer broker agreement prior to seeing properties with new ruling. No matter if seller wants to pay it or not, the buyers commission will have already been negotiated. If the seller doesn’t want to pay it, they may have a tougher time selling than they think. The main change is it can’t be advertised on the MLS. I would way rather negotiate my own commission than a sellers agent offer what they want if I were an agent. The sellers agent would be more likely to give themselves a larger percentage than a buyers agent. That’s not a fair way to do things. And, a sellers agent cannot legally just show a property to an unrepresented potential buyer.
If the seller pays less commission, it will not create a smaller buyer pool and therefore decrease in home prices. With online tools like Zillow and Redfin, the buyers are now searching for homes for themselves. We can see what houses are on the market - NO need for a real estate agent to tell us that!
@@DC-qn4wz The settlement requires you have representation if the home is listed on the MLS. I understand how you feel. I’m only sharing the new requirements not an opinion
@@DC-qn4wz True but buying a home on your own against the seller and their listing agent is like being unrepresented in court by an attorney. The largest purchase of your life should not be done via an online real estate platform.
Barbara is right. Now is the best time to buy if you can afford it. Prices will continue to rise as they have the past few years especially if the FED lowers interest rates. FED needs to raise rates really. If you think home prices will fall then tell me what the catalyst will be for the market to go lower by at least 20% or crash. You can't just say it's a bubble. A bubble is the symptom of the problem. So what will need to happen for the bubble to burst? And naturally the next question is when might that situation occur? With the amount of money some Americans have I don't see the housing market crashing anytime soon including in 2025. So buying a home now at a discounted rate similar to the homes you showed is a good idea if you can afford it. It's truly only going to get more expensive....... unless the FED raises rates. That will put the breaks on things and prices will stabilize.
I respectfully disagree with that assessment. Yes, the Fed definitely needs to raise rates and not lower them unless they want inflation to skyrocket again. However, a potentially big economic shift could occur in 2025 after years of unprecedented inflationary price increases across many sectors. Prices for everything will likely always continue to go up but we should see a reversal when the economy hits rough water, layoffs increase, commercial real estate crashes, stock, market drops, etc. It will all depend on the economy and what the Fed does as we go through this election year.
That's why the entire lawsuit happened in the first place. Many sellers do not like paying those kinds of commissions. It remains to be seen if that changes or not down the line.
Honestly, when people use the word “greedy” nowadays, it does not make sense. I agree, that homeowner who overprice their homes are taking advantaged of the uninformed, but businesses must raise prices in order to pay their overhead. Not greedy, but survivalists.
Jerry, there is no question that home affordability is becoming out of reach for many and that is frustrating for home buyers in this market, however, your continued comparison to the 2008/2012 housing crash and subsequent financial recession as the basis for predicting that housing prices will fall significantly in the next year or two in Las Vegas is simply unfounded. Todays housing market is nothing like it was in 2008 where people were buying homes they could not afford but could easily get loans to do so. In today's market, if you cannot afford a home, to include at least 10% down, you cannot get a loan to buy one and that simply is not the case today. Also, in Las Vegas, there is no inventory, home builders are not building to keep up with the demand coming from California transplants where Las Vegas is a bargain and corporate buyers are buying up what inventory there is to accommodate a lucrative rental market. Las Vegas home prices are not going down until local conditions change, it is simply the law of supply and demand. In fact, as you noted in your video, most experts predict home prices to continue to increase.
I appreciate your input but I'm not making a direct comparison to the 2008 real estate crash. I'm simply noting some similarities, not all, that reflect typical bubble conditions I think after this election year, the economy and the real estate market is likely to hit rough water. I do not think we will see a repeat of the 2008 crash but we are certainly overdue for correction. Nothing goes up in a straight line forever without seeing some kind of a reversal, as real estate down cycles usually takes several years to play out.
I sold my house in 89144 in ONE DAY for above the highest website value. Over 50 people came the open house. I'll gladly pay the 5% commision to get out before shit gets crazy.. unfortunately divorce ends up costing us much more in 2 new rent payments...
My spouse and I are in Las Vegas and combined - we make the +115K requirement to afford median price home. But We’re still renting a home because it’s just so unaffordable right now. Planning to have $10K saved by end of year - but that’s not even enough to get into anything except another home to rent.
You might be surprised. Many banks will accept lower down payments, especially on a first home or via a government program if the market has dried up. But we have probably 2 or 3 years as it takes time even in a collapse to hit bottom. So by then you should have enough. Just keep saving and cutting expenses to the bare minimum. :)
What is sad about it??? I'm 75, and you wouldn't believe the junky places I lived in when I was her age. Why should she expect to be "comfortable"? I sure as hell wasn't. But what I was was "motivated". I left home at 17, penniless. I knew that, and accepted it as the way it was when you're young, and starting out. I sure as crap didn't whine about it. And, nobody would have cared if I did, except to call me a "baby".
And homes back then were constructed better vis a vis the prices. Nowadays a majority of the homes built, esp by publicly listed companies, are pure crap--wouldn't touch them.
@@lasvegasliving9237 Not harsh, except to modern young people. In my day it was called "straight" talk. Maybe meant to snap youngsters into seeing the world as it really is, and always has been, excepting the last 15 years.
My parents are about the same age and they, like everyone of their generation, it seems, gloss over the fact that college was free or of a truly minimal cost, prices were stable, and our infrastructure was in good shape. There was truly no better time to work and make money than in the 70s and 80s. Now, tuition costs a fortune, prices are all over the place, and everything is crumbling. So the whole "I pulled myself up out of nothing" doesn't work any more. If you are at the bottom now, you likely will stay there. This is the reality for everyone born after about 1995. My son is getting his masters degree just to be able to get a 60K a year job in this city. The job market is unbelievably bad and toxic currently in this city. A huge plethora of under $20 an hour jobs and few options if you don't have any degree at all.
@@plektosgaming You don't know anything about the times back then. You mentioned easy money in the '70's....sure if you wanted to pay the enormous interest rates. We bought a single wide trailer, and paid 13% interest. 10 years later (1985) we bought a wreck of an old house, and paid 8%. We thought it was a great interest rate. Young people now complain about 7%. I was in the construction business after my military service, and it took 7 years before I turned a profit. There was very little work because of the high interest rates. The difference is we sucked it up, and did the best we could. Didn't go whining on social media. I've never drawn a single government benefit I didn't first earn, unlike young people now who think people like me should pay for their college lives. You don't have a clue what people like us went through.
Have we considered that in 2006 we didn’t have the ability to work remote. Now that remote work is very common, so the national wage by region is averaging out which create more competition in lower cost of living areas
Thee is a correlation between low interest rates and higher home prices, the spike during the pandemic was again super low interest rates and lots of "free" government money. Lower interest rates for home buyers means lower mortgage payments so people offer more for homes, bidding prices up. Also lower interest rates cause investors to flock into the market, driving prices up. Its a double whammy. You want insanely high and unaffordable housing just lower rates again.
Thanks for commenting. We definitely need higher interest rates to kill off inflation but that doesn't look likely going into the back half of 2024. We'll see how it plays out.
This will get much much worse MR. Jerry. The downward trend will continue and made worse when the Commercial Property explosion hits. Look at Fl. Homes prices are falling. This will expand throughout the nation. Some areas will have better performance but for most, housing prices will crash. Anyone saying prices will go up is missing the key point. That being affordability.
You forget to mention what I feel is the MAIN cause of LV housing increases..... Californians!!! Back in the 1990's, my relatives in LA would sell their home for 500k+, move to Oklahoma and either buy a home or a farm with a home and still have a chunk of money in the bank. I saw this issue in the mid 1990's in Santa Fe,NM and Telluride, Colorado....the California move to these area causing the areas they move to to skyrocket. That's great for property owners having their property value increase to make money on the sell. Horrible for buyers because the "California price increase"....causes increase in housing. As for LV thank the Californians....sell their home for 800k, buy a 375-400k home and have cash in the bank. LV is close to LA so commute isn't that bad, LV is getting more sports attractions and the water issue is resolved for now...or after a good snow melt. It just makes perfect financial since for folks in Cali to move to LV....the only problem is they cause higher prices in real estate, rental and housing. The ONLY way I see the housing to go back down is when the economy and real estate tank like they did in 2008. I do not.....repeat...do not want a depression,recession or any other bad issue to happen to our economy....but unless something causes a "reset the economy" I don't foresee anything getting better.,.......just my 2cents. Ps. Love your videos!!! Keep them coming!!
Good points and I have mentioned several times that the mass exodus from California to Las Vegas is a significant contributing factor as to why Las Vegas home prices are so high nowadays. Thanks for the support!🙏👍
Very true. The younger generation has simply been out priced from the market and the elderly are struggling on fixed income compared to significant inflation over the last few years.
I get fearful of home insurance/ Hoa’s going out and stuck with the price they give. I am older on fixed income; it makes it scary to me. I live in Las Vegas; but many of my friends in CA are feeling like they are forced to move. Whatever CA does, NV seems to follow.
Nah… the lady who predicts that home prices is gonna go up if interest rates are gonna go down by at least 1 full point is kinda right bc the logic is simple. No matter how much new construction pops up here & there, reality is that it’s slowing down due to costs increase for builders. Even w/seniors selling their homes to downsize upon retirement, the inventory of single family homes remains well below demand. Also home prices are stabilizing, even going a bit down in some areas, there’s not gonna be another crash like in 2008 & prices remain relatively high for buyers & Lower interest rates is only gonna increase demand. So why would sellers lower their asking price… A motivated seller is NOT going to ask for above market price, should price low enough to generate offers & then be able to pick the best 1 from the most qualified buyer. Good economy or bad economy when I had to sell (due to military change of duty stations), I told my listing agents to price slightly below neighboring listings, no open houses & instead allowed only bank pre-qualified buyers to come check house out by appointment. Worked every time, including 6 months ago. Truth is that currently is a bad time to sell & a bad time to buy. And some of us don’t have the choice to wait, so gotta play cards right.
Barbara Corcoran should not be allowed to give real estate advice. She has been wrong on most of her predictions about real estate. In 2006, she predicted that residential real estate would continue to go up and everybody should buy now, because the "sky's the limit." If you're familiar with Barbara's life story, you would know she's not a financial advisor. Why she has become the go to real estate guru for the mainstream media is mind boggling. Any idea about limiting real estate sales and Barbara will be on the media bandwagon telling people to buy, buy, buy now, because real estate prices will keep going up. She is the leader of the FOMO movement and encourages "panic buying."
Agreed! Just because someone had previous success in the industry does not make them all knowing, especially when they are obviously putting their own self interests first.
A) dude Jerry, getting the tears flowing right at the start. B) Corcoran doesn’t talk about any of the fundamentals. As in prices can’t go through the roof if you can’t get a loan. C) I can get a lawyer in Denver to do paperwork for $2500. Anything after that & a RE agent has to be exemplary to be paid more than that on either side of the transaction.
Lol...sorry to show it but that's the reality for many people struggling every day. Corcoran is delusional to think prices aren't already through the roof. Many people hate dealing with RE agent commissions even if the agent provides the best help possible. Thanks for watching and commenting.👍
There is a major mortgage crisis coming, with millions of mortgages up for renewal this year. Homeowners are going to see their monthly payments increase by hundreds of dollars and will be beyond the reach of many. And 1.1 trillion in credit card debt? That piper's going to be demanding to be paid very soon.
I don't see that happening regarding a mortgage crisis. Most are at fixed rates, not ARMs. The credit card debt is a BIG issue and it will likely get ugly for many people when that time comes.
Just got word that my tenant in Vegas just missed her rent payment for April. She'll have to the 15th to pay her rent or she's out. I don't wish that upon anyone. This just makes it more real for me. The struggle is real.
@@adanblas2451 No. Unit is being managed by a property management company. They're under contract. They never missed a rent payment for two years. This is the first one.
Any caring landlord would try to find out why and figure out ways to keep them in the unit. But I think that only about 5% of rentals in the city are not managed by large corporations. So if you are a manager for one of these companies, yes, you also probably have no options to help them.
I do not think the price of anything is going to come down significantly. This is not a "bubble" where certain things are overvalued and will then deflate. Instead, this is a massive devaluation of our currency which is not going to stop until we get a handle on our collective debt. Everything costs more now. Get used to it. Gird your loins because the real challenge still lies ahead.
Good points and yet sad to think that mass money printing which created aggregate hyperinflation has created a totally unaffordable economy. Unfortunately, it will take a recession and a lot of collateral damage to cool down consumer demand and prices.
Buy now folks. Inflation is not going down. And when there is a crash, you will not buy, even if the houses drop by 50%. why? b/c you don't a job and don't where your next paycheck is coming from. The last thing you're going to think about is buying a home. I remember in 2008, the only people who bought a home were the rich and the employed. The poor, the unemployed, flushed with cash will not buy. Trust me. You won't.
That's why you MUST live like a literal pauper and save money for a down payment if you can now so that you can move when everyone else has lint in their pockets.
I agree with the change so the buyer has to pay the fee to their agent which is only fair. Considering the limited supply of homes, the buyers agent would limit the buyers choices. If a buyer sees a home where they want to see it, and the buyers agent won't show it they need to find an agent that would show the house. The poor lady needs to change jobs. If she has no skills that is her problem. People have to show initiative to get out of this situation.
And one last thing for Barbara just because your rate goes down a point.. if that's what makes the difference of you affording the house or not I'm going to say you can't afford it still.. they leave out everything like that LOL
If buyers know this going in they should be alright. When I see an asking price I always think, "yeah, but I bet they would take $XX.XX for it!" People can ask whatever they want. Never be afraid to make a much lower offer! That's half the fun!
In my country I have to shell out 250 average monthly salaries to purchase an average home. In USA this number is around 60-80 average monthly salaries. There is still plenty of potential home price increase.
Overworked cutting back things are just too expensive I feel sorry for you we are all in the same boat everywhere. Food, medication, rent, one or two other things. Then you have to look at everything else as a luxury. But there is no point crying about it and stressing out and ending up having a breakdown cut down to the essentials only. Keep fighting you are doing fine get rid of anything that you can live without and don't really need I know 100% how you feel save anything you can it doesn't matter if it's a $ 5 Bill. The main thing to do is to make sure you have no Debts hanging over you and it's much easier to stay strong.
I remember the last bubble it was bad!! Specially in 702.. lots lots of home invasion, ppl breaking in and gutting the homes, taking out pipes, copper, appliances if they had them.. it was not pretty.
Many countries have delt with hyperinflation. I'm interested to see the outcome if I'm still around. Could you please include prepandemic sales data when presenting current sales data? TY😊
Watching the exhausted young lady and our government doesn’t care. This is criminal. We need stewards of “we the people” in government, not puppets for banksters and corporations. Humanity must overcome the few evil fucs destroying the well for everyone. Be kind. Always. Out lies and evil. Always. Stop allowing criminals to continually lead you around by the nose.
Old shark tank lady is clearly out of touch with the reality that the 99% of us live with. To get a loan on the average home, you need to be earning well into 6 figures. Well that means the majority of people can’t even qualify for the average house for sale. Not only do interest rates need to come down drastically but so does the price.
I think this country is heading towards the institutions owning the houses and making as many as possible renters. The builders limit the supply, Zillow lies about the true value and the institutional investors can pay cash before the home price gets to where an average home buyer can afford it. All keeping the prices propped up.
We are definitely headed towards a renters nation. It's a very sad state of affairs when the average person can no longer comfortably afford the average price home in this country. So much absurd greed!
In my neighborhood, we have many new neighbors and not so much the original owners anymore. I bought my 4 bd. and 3bth. brand new 2 story home in 1983 for $179,000. Now they are selling for 1.2 million. I will never sell it, I had a neighbor across the street had the same floor plan and sold his for 1.3 million. Now he is living in a condo and does not like the rules and regulations and his wife never wanted to sell the house. All I can say is that the grass is not always greener on the other side. Thanks, Jerry for all you do.
