Should You BUY A House In Today's Market? Or Should You Rent? 

Yea your generation had it so lucky we boomers never saw 3% in fact my first house with the 2nd worst DC major, Jimmy the Peanut, was 19% can you imagine that? After that in the 80 90 and 2000s the average was 6-12%.

@@vietnamvet4533 Wasn't your first house also less than 45K?

@@zachurich5046 Yep sure was 32k I believe you want to know the interest rate, hold on to your whatever, it was 19%. Oh and I was making 8k a year. So the home was about 4x my salary. so if your making the average 75k per year today your first home should be around 300k. And trust me there are tons of homes where I live in Florida that are 300k or less, and far nicer then my little starter home. See everything is just the same as it was back in the day when I bought my first home. Only the media and the Dumbocrats keep trying to tell you the softest generation to ever live how tough it is. It really isn't trust me,

@@zachurich5046 This is the typical boomer who won't sell his 45k house 30 years ago for less than 1.5 million today.

@@jeffhallii7907 Yea and I as a lucky boomer bought homes starting in the 70 right through the 90s. And guess what Zers interest rates were 7 8 9 10 percent. Oh and I won't tell you the 12 I paid during the second worst President Carters reign of terror on the working man

That's a good point. The whole "law" of supply and demand argument depends on basically a fair market and there is nothing fair about this market. Everything from a tiny number of people controlling huge numbers of houses to mortgage back securities controlling the prices of millions of distressed properties to years of artificially low interest rates to government intervention keeping prices high; there is just nothing "fair" about any of it.

Really now and tell me please and no once can answer that where did those houses go? Did they die, were they burned to the ground? And do you think maybe the current guy in DC had anything to do with everything doubling in price since 2021 when he took office? And this is just running cover for him. Oh and now that home prices are dropping why is that are those homes that were taken off the market back on?

@@vietnamvet4533 since when do money and the rich care about politics? Republican and Democrats are both corrupt. Thinking that one party is more responsible than the other makes sure you don’t discover the real culprits!

Artifical you say? Then do tell. Where are all of these mysterious empty properties? Because all the homes I see are occupied. You can't seriously believe that. Lol use your brain.

And downpayments end, rent desn't

@@scottdavis3571 Right listen to Scott he know everything price wise goes up. That kind of non thinking is why prices go up. Try the reverse start thinking and less buying.

@@vietnamvet4533 Things are more expensive in the future, than they are today.

Or don't rent at all, build yourself a kickazz van or motorhome and don't pay their mortgage interest, don't pay their property taxes, don't pay their homeowners insurance premiums, just bank all your money every month and become financially independent in your little travel home that you own from day one and give them all the finger as your bank account get fatter all the time.

And the most important thing you forgot is that the housing market goes up and now guess what it is on the down stroke, here in Florida you can't give a home away, or a car or truck. So me who has been waiting for 3 years to buy a truck, not a home, so over that, is just waiting to see how much lower prices can go. I am really enjoying Joe's economy the more pain the better!

@@vietnamvet4533 So somehow you think the President goes over to your local car lot and tells the owner every morning what to charge you for his cars? I suppose then Joe Biden walks across the street to the grocery store and gives them their price list for eggs, butter, and milk too... You gotta stop with the misinformation dude (usually referred to as "Lying") it's forcing you to live in a cartoon strip world where the President of the United States is an all-powerful controller of everything, even the sun.

"Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such taskRead more

@@ericgrantl It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

@@DirkChristian-w2e this sounds considerable! think you know any advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

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

@@DirkChristian-w2e She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.

White.

White obviously