The Affordable American Dream Is OVER!!

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Is the Affordable American Dream of homeownership slipping away? In this video, we'll zoom in on the housing aspect of this vital topic. The American Dream has long included the idea of owning a home, a place to call your own. But in recent times, this dream has become more challenging to achieve. Prices for homes have been on the rise, making it harder for many people, including middle-class families, to find affordable housing. We'll explore the reasons behind skyrocketing home prices, including factors like housing shortages, increased demand, and the impact of economic trends. We'll also discuss how these changes affect individuals and families nationwide. This video will also provide insights into potential solutions and strategies. Join us as we unravel the complex world of housing affordability in the United States. Whether you're a prospective homeowner or just curious about the state of housing in America, this video will shed light on the challenges and opportunities in the housing market today.
Crushing the American Dream, The SECRET PLAN For Affordable Homes: • Crushing the American ...
DESTROYING The American Dream With Build To Rent Homes: • DESTROYING The America...
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Опубликовано:

7 ноя 2023

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Комментарии : 460

@KristinaSmallhorn 6 месяцев назад

Is The American Dream Over To Buy An Affordable Home? ( Watch THIS ** Crushing the American Dream, The SECRET PLAN For Affordable Homes ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-eUniGAbi_iw.html

@lindakingsley9486 6 месяцев назад

I have just been told by people in Las Vegas is overbuilding but only for renting not buying.

@minhlac2376 6 месяцев назад

American Dream was over a long time ago boo boo

@SICKFREDO 6 месяцев назад

You say this cant last forever but look how far it can go, look at california.... the US will look like zombie land with the amount of homeless that will be in the streets.

@bravocharlie639 6 месяцев назад

Remember all those homes snapped up by Bill Yawn Airs after the Housing Bubble? Rentin some, selling others above post-Crash Market prices? Pepperidge Farm remembers.

@elizabethclark8552 6 месяцев назад

Australia is the same. It's scary

@rod1147 6 месяцев назад

Ironically the new American dream is to leave America and live abroad

@seanm3226 6 месяцев назад

There are flights available every day. See ‘ya.

@karlabritfeld7104 6 месяцев назад

And exploit house prices in another country

@scottandrews947 6 месяцев назад

@@seanm3226 Hope you love a declining economy. This is what will happen if all of the young people move abroad.

@donchoq 6 месяцев назад

And replace the population with illegals!

@mdizzylizzy2u 5 месяцев назад

My Millennial son and his wife just moved to Finland for a job. They are THRILLED to be living abroad. Now they can afford a home. 😁 I might have to join them if… 🍊🤡😵‍💫🤪🤬🇺🇸⚖️🗽✌🏼

@brandon8751 6 месяцев назад

I think young people, especially starting out are getting to the point where we don’t even want to participate anymore in society because every time we try, the goal post moves

@TBizzle79 6 месяцев назад

Gen Xer here and I can totally relate!

@ws775 6 месяцев назад

Even us boomers feel that way. House is almost paid for but taxes are twice as much as a few years ago.

@grega2362 6 месяцев назад

Welcome to life.

@zuzanazuscinova5209 6 месяцев назад

@@grega2362 Exactly. It's a constant race. There are no breaks.

@ThePathOfLeastResistanc 6 месяцев назад

It’s like that for all of us. Young people are just figuring it out

@eleosde7045 6 месяцев назад

The houses I have been seeing in my area have an old hvac, 20 year old roof, splitting driveway, and rotting walls for 350k. It's mind-blowing. I can't afford literal dumpsters in my area. Edit: I am just making a comment on nasty houses costing too much. Some places are better- some worse.

@HildaRealtor 6 месяцев назад

we just bought a house in April, it was built in the 50's, 1200 sq ft starter home, over 20 year old roof and hvac that barely working ( hance our electric bill is $800/mo) not finished garage, slightly moving foundation, false electic wiring which will cost 5k to fix, we are saving up the money now, the price was $700K. luckly, we were able to add a door and rent the master bedroom as ADU for 2k which brings down our mortgage to 3k. If we rent, we will be paying 3k a month without building any equity and our cats wont have a backyard.

@minhlac2376 6 месяцев назад

Move to edmonton alberta you can get a 2022 year house for 350k lol new house!!!!

@asw654 6 месяцев назад

If that were in California, that would be a steal. In fact, if anyone knows houses with only 20 yr old roof, an HVAC that actually works, and its own paved driveway for 350k... let me know, and I'll go buy it right now.

@Joce123 6 месяцев назад

@@HildaRealtorYou sound very smart and hopefully there's no HOA....Little by little the bird builds her nest...I am curious..how did it pass scrutiny for a mortgage?

@LockedUpLarry 6 месяцев назад

Most people are waking up to the fraud. But it only matters if you need/want to enter the market. What about the markets with back to historically normal inventory and now 7+ % rates? Prices are still high. Markets are touted as “area specific “ or regional until they are not. It will take years, not months for people to relax and for the next big move to happen.

@thomasmorrison3279 6 месяцев назад

Stop thinking of your primary residence as an investment. Rather, it is a place to live that will cost you a fixed monthly payment rather than increasing every year like rent. That is the advantage over renting. However, you will have repairs, property tax, HOA fees, maintenance and insurance costs that will increase over time. Don't buy a house thinking it will behave like a mutual fund or high-interest savings account. A house is just a place to live. You must stay at least 7 years to break even or have some equity in the house if you plan to sell, due to closing costs, realtor fees, repairs before sale, taxes, etc.

@zuzanazuscinova5209 6 месяцев назад

Include inflation and it's probably more than 7 years

@timshipp1145 6 месяцев назад

It’s a shame that so many people have no choice but to purchase a home with 4 and 5 bedrooms when we know that most families don’t need 4 or 5 bedrooms. In the end, a larger house will cost more to purchase, cost more to insure, and will have higher taxes along with higher utility bills. Too many people buy more house than they need and more house than they can afford.

@ShonTolliverMusic 6 месяцев назад

And it's a perfect fit for their 7-8 passengers 3 row suv.

@thomasmorrison3279 6 месяцев назад

This is why they should consider a condominium instead or a small townhouse.

@trapmuzik6708 6 месяцев назад

Basically ppl w money down want lower incomes in their neighborhood so they force developers to make all the houses the same size its a slick way to keep an area exclusive

@GhostZodick 6 месяцев назад

That's because we don't want to buy a new house every 3 years just to fit our family need. If you want to do that, go ahead. But please understand there are people that would rather buy a house that can accommodate the family size for the next 10 years.

@sidewinder3434 6 месяцев назад

@@thomasmorrison3279 a condo is a glorfied apt with HOA fees. I don't want to purchase an apt.... I mean condo with a price tag of a house

@thanosianthemadtitanic 6 месяцев назад

me who literally just got in a position to buy a house and has already been priced out by the inflation surge🤦‍♂️

@xvx4848 6 месяцев назад

Invest your money. Beat inflation. Don't let it sit there and do nothing.

@johnsmithe4656 6 месяцев назад

@@xvx4848 *BITCONNEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEECT!!!!!!!!!!!!!!!!!!!!!!*

@Montenegro651 6 месяцев назад

please consider what cvx4848 said. He is right on the money, no pun intended.

@brucet2756 6 месяцев назад

@@xvx4848 What did you safely invest in that jumped 40% in value over the past 3 years?

@CaptureCat88 6 месяцев назад

@@xvx4848 do you mean invest in money market and certificates? Because the stock market is going down right now and with increased rates come in increased yields on those savings accounts I mentioned.

@jeanschultz8857 6 месяцев назад

Rent is crazy, when I rented my apt. I had to show I made 3 times the amount of rent. In the 3 years I lived there the rent went up more than my income x 3. How do they expect us to stay with that high of rent?

@Only_Gnomes_Live_Here 6 месяцев назад

It honestly feels hopeless to even keep a roof over your head. To rent you get credit checked and have to show proof you make over $35,000. Its like buying a house at this point. A few years ago familys could purchase at least a starter home making $65000.00. Now you got to make 100k to even afford that. The goal post keeps moving and it seems like there's no way to keep up.

@heck0216 6 месяцев назад

House prices have to drop. It’s the only sustainable solution. Low interest rates only send home prices way up…

@bloop945 6 месяцев назад

In my area you need to prove at least $80 g income and perfect credit just to compete to rent a small one bedroom. And you are lucky if realtors even return an email about a listing. It's a joke.

@annjames1837 6 месяцев назад

You will own nothing and be happy.. WEF agenda 2030

@zuzanazuscinova5209 6 месяцев назад

@@heck0216they don't. It really doesn't matter if half the population rents. Just look at Europe. Owning a house has always been a luxury. Americans just learned to consider it a matter of fact but it's not.

@DIVISIONINCISION 6 месяцев назад

The goal posts didn't move. You believe what "they" told you instead of doing your own research. We all make choices. So many folks chose poor degrees/careers and now are facing the consequences of their actions. What I do know is that there are very few people with Master's and Doctoral degrees who are unemployed. I learned through my own experience that Education/Licensure pays!

@ettazay5088 6 месяцев назад

Kristina, I wish you could be Secretary of HUD because you are the only one I see breaking things down for the people with facts, figures, and receipts.

@bogdan78pop 6 месяцев назад

So you can live free for the rest of your life..???

@scottandrews947 6 месяцев назад

@@bogdan78pop It's past your bedtime, Boomer. Take your senility elsewhere.

@k.lynnecollier7763 6 месяцев назад

$400K for 3 bedroom over ten years old and not even brick all the way around is mean and evil

@thomasmorrison3279 6 месяцев назад

In my area the land is more than $400k without any home on it. More like $750k for a vacant 1/4 acre lot.

@annjames1837 6 месяцев назад

Just wait. Millions of Illegals are pouring into the country

@k.lynnecollier7763 6 месяцев назад

The craziest part is that, over time, materials to build are more efficient and cheaper which makes them simply the choice for builders. The price of housing should be going DOWN over time, not up. I believe this is why some municipalities will not approve modulars. They are protecting construction the way the govt protects crude oil companies. Eventually, something will break as you said.

@topaazmoons1 6 месяцев назад

They aren't coming down because housing has been turned into a lucrative speculative commodity. Which is also why real affordable housing isn't being built.

@anyimmichaelik 6 месяцев назад

Prices will come down with time.

@EliAlexanderClark 6 месяцев назад

@@topaazmoons1 the higher the price, the more people you price out of purchasing your product. In this case, the product is a home. Make them so unaffordable that nobody can buy them? Wont work for too long.

@johnatyoutube 6 месяцев назад

@@topaazmoons1Exactly. That's the elephant in the room.

@sarahann530 6 месяцев назад

@@EliAlexanderClark Who makes money if nobody can buy them ?

@SWChris 6 месяцев назад

I am so happy we were able to buy earlier this year. It's an older home (1955) than my parents' first home when they purchased 44 years ago, but at least it's land, and at least it keeps us warm. Could baaarely afford it, even in the midwest. Over the last year or two I've had a suspicion that if we didn't buy then we would have been priced out for the foreseeable future. Looks like that may have been accurate.

@priinceanthonykoldd7071 6 месяцев назад

Yes you are lucky ! Unfortunately! My father passed at an early age of 53 a few months ago to stage 4 cancer that he didn’t know he had till January this year and rest his soul ! But he bought his home and now I am the owner and having to make a lot of repairs but most of them are things I am well capable of doing but just like you said, I am warm for the winter, water, furnaced ! In left me his 2 cars one being a classic that was passed through his diseased brothers and a cherry red 98 Lincoln town car that needs a few repairs but worth it. Luckily his jr is a bit handy and ready to transform what he started for his children !

@L.P.-zz4gw 6 месяцев назад

Too many short term rentals contributing to this problem.

@belkyhernandez8281 6 месяцев назад

My financial backup plan is to live in a van until I am too old to be on street. I made average income. I would need to more than double my income to afford the house I lived in as a child. My parents worked as a busboy and maid yet we're able to buy the house and pay it off about 10 yrs.

@Zappy1210 6 месяцев назад

I remember in 1984 my parents bought a 12 acre farm with a beautiful 2 story 5 bedroom farm house for $75k.

@martykong3592 6 месяцев назад

:( SO TRUE! After renting house for 8 YEARS, Landlord kicked us out, we were paying $2700 a month! :( He CASHED OUT and sold in our CRAZY Seattle Market at $1.2 M !!!! It was NOT a GREAT HOUSE< put lipstick on the PIG, took the money and RAN! Sadly we are priced OUT for a LONG time :(

@the_derpler 6 месяцев назад

My parents bought their house for a handful of blue berries and 50 bucks working at a day care and an auto shop. Me and my wife have advanced degrees and make theoretically a great living, but can't even dream of buying a house that comes close to the price of renting haha.

@debby8428 6 месяцев назад

I was a daycare worker and my husband an auto mechanic. We bought our little house for $126,000 in 1987 (and we overpaid). We had an adjustable rate mortgage that actually hit 14%. My son and his wife are college educated and make a decent salary. They cannot buy a house in the area they live. I've been thinking after my husband retires of buying a house with them. We could all live together. When we die it will become theirs.

@davidjasso178 6 месяцев назад

@@debby8428 Let's say you did buy that house with your son and daughter in law. What would happen if your daughter in law or son for some reason got a divorce? Would you be forced to sell the house??

@debby8428 6 месяцев назад

@@davidjasso178 honestly they are not legally married but have been together a long time. If they were to break up I know my "daughter in law" would just move on. She is a sweet person.

@karlabritfeld7104 6 месяцев назад

@@debby8428don't do it. You will regret it.

@bogdan78pop 6 месяцев назад

I will offer the same deal to your parents to buy their house ....will they accept it .............and if Not WHY.....You think this is what it should be worth...!!!!!!!!!!!!!!!!!!

@lorrilewis2178 6 месяцев назад

But somehow, we have billions and billions and billions to give away to other countries.

@annjames1837 6 месяцев назад

You forgot Biden's Millions of Illegals that get free housing, food and medical care

@karlabritfeld7104 6 месяцев назад

That's all taxpayer money which we will never see

@lorrilewis2178 6 месяцев назад

@@karlabritfeld7104 👍

@strayedarticle2838 6 месяцев назад

@@karlabritfeld7104Alot of it is borrowed from social security, because our taxes are paying old debt.

@warrenlucier5796 6 месяцев назад

Watched the noontime news today and they said 27% of 401K's have been withdrawn by people to pay their bills, so there goes their retirement fund just to survive. The current pricing of a home is double what it should be along with tax assessments and that's the causation of unaffordability. People are wanting to sell the homes in a state of disrepair as if everything is in tiptop condition or it needs to be completely gutted and rebuilt.

@karlabritfeld7104 6 месяцев назад

Most houses in the USA are in need of repair. I don't know how they pass inspections.

@shannondavis5728 6 месяцев назад

The housing market might as well keep going up because @ this point it doesn’t matter anymore because most people are priced out already!!!!!

@Distortion0 6 месяцев назад

Housing prices have been insane for the past 20 years. Got a lot worse after the pandemic but it was due for a correction even before that.

@jesse_- 6 месяцев назад

They have, but interest rates have been low. For instance. I bought a house for $510k in 2021, and my payment is less than $2k per month, because the interest rate is so low. When I bought my first home in 2001 for $200k, at an 8% interest rate, my mortgage payment was about that. So, 20 years later a home more than twice the price, but a similar mortgage payment.

@sharonh2991 6 месяцев назад

Where I live we had a ballot initiative which would allow multiple, un-related people to live together in the same space (house/apt, etc) and voters overwhelmingly approved it.

@karlabritfeld7104 6 месяцев назад

Why is that up to voters??

@sharonh2991 6 месяцев назад

@@karlabritfeld7104 I never understand why some things are decided by the legislature and other things are put to a vote but this issue was voted on. Where I live there have been strict zoning laws for generations and this relaxed the laws in an ultra tight housing situation.

@michaelb9683 6 месяцев назад

Yeah was in a position to buy a 390k home and before I could lock a rate in the interest shot up costing us 300 more a month n pricing is out of our budget . Wesley chapel Fl . Me and gf only make 120k together and even that was too close for comfort

@kagnewcobra5228 6 месяцев назад

DO NOT BUY A HOUSE WITH YOUR ' GIRLFRIEND' BEFORE MARRIAGE!

@TheSuperdodgy 6 месяцев назад

$120K combined should be plenty to buy a house and live comfortably, but sadly it's not. $60K each is now trending towards the lower paid income bracket.

@karlabritfeld7104 6 месяцев назад

You snooze you lose.

@jeran881 6 месяцев назад

40k a year here. All I need is a DeLorean a Flux capacitor and get back to the 70s so I can buy.

@gogirl8045 6 месяцев назад

Love yr show ❤ Always GREAT Info!! Thank you 🙏

@RapidRepair 6 месяцев назад

In my area in the Midwest, about 30% of all transactions right now are due to a price reduction

@Grushenke89 6 месяцев назад

I am in the Midwest also and prices are coming down by quite a bit especially for new builds.

@paulawilliams7030 6 месяцев назад

Thank you for your formation. Very useful!

@ThatsMrsApriltou 6 месяцев назад

In my town new construction almost slammed to a halt during the pandemic. Now it’s booming. There are so many new construction and even a 200+ new construction rental community. It’s going to be quite sometime before we can sell but I purchased knowing that we were gonna stay in the home for the next 6 years. Who knows what’s going to happen.

@vden02 6 месяцев назад

Right there with the 200+ RENTAL community! That's mega corporations or hedge funds buying that whole neighborhood. They pay more to up the value of homes around the area which causes rent to go higher because of demand. They create the problem to manifest their cure.

@karlabritfeld7104 6 месяцев назад

6 years? That's all??

@shamandalei9452 6 месяцев назад

It’s the sellers setting these prices and people are getting greedy. Selling houses that haven’t been renovated since it was built in the 90s and look wrecked. So at the end of the day please understand it’s actual people behind this outrageousness.

@debby8428 6 месяцев назад

You are correct. I did hear of a couple who was offered a lot of money from a corporation to buy their house. They said no because they wanted to sell to actual people. They kept the price decent and sold to a family. Shortly after the house was sold the corporation offered the new family more money and they took it. I understand the problem but honestly if you owned a home would you sell it at a lot lower price because it is the nice thing to do ? Wouldn't you want to walk away with 50,000 in profit not just 10,000. Also if you were going to buy a different house you would need as big of a down payment as possible. It is a vicious circle.

@hlf_coder6272 6 месяцев назад

Expecting someone to sell you something for less than it's worth is greed on your part. Do you sell your stuff to strangers for less than it's worth? Of course not. Our idiotic government is to blame for printing limitless amounts of money to spend on our welfare state. Entitlements account for 75% of all spending and debt. So if you're looking for someone to blame, it's the 50% of US households that now receive some sort of government check each month. That spending is crushing our currency.

@karlabritfeld7104 6 месяцев назад

And realtors

@eddyeroyal6024 6 месяцев назад

I thought Fed Powell said on @CNBC, that he wanted people to loose a job and that would help the housing market. Is it just me, that seems strange, when people say people need to work.

@latonyalee7821 6 месяцев назад

That's because they are a bunch of rich idiots!

@xvx4848 6 месяцев назад

I always find it funny when people quote analysts and predictions. If it was so simple to predict markets then we would never be overvalued or undervalued. We wouldn't see booms or crashes. Most of the time analysts are plain wrong and the sooner you figure that out the happier you'll be when you stop listening to them.

@bogdan78pop 6 месяцев назад

It's not timing the market.....it's time in the market....!!!!! People want a quick buck, and not the time and work you need to make it...!!

@DIVISIONINCISION 6 месяцев назад

I qualified for $300K back in 2019, but purchased a custom new build for less than $200K. Looking back, it was the best decision ever, especially that 3% VA fixed.

@Ospery157 6 месяцев назад

And the one thing no one talks about is that we're at record personal, student and corporate debt. So when will this break or is the gov't going to forgive said individuals and entities.

@maxxomega6599 6 месяцев назад

I am debt free...

@tomkarnes69 6 месяцев назад

$115,000.00 will buy a run down falling apart shak down by the river where the fish glow in the dark, I'll advised

@SB-tc2jr 6 месяцев назад

Thank you Kristina!

@fpm8338 6 месяцев назад

Great insights!

@FifthKnowledge 6 месяцев назад

"Because RU-vid bros were telling everyone there would be a price crash and inventory flood, there wasn't", a well earned victory lap on your part. You were right, they were wrong.

@slickfox33 6 месяцев назад

I sold this year in Phx AZ some will say close to the peak, lucky me. However, could not pull the trigger to rebuy at current market now I am renting. We'll see what happens in the next few years.

@Chew5219 6 месяцев назад

Those waiting for a housing crash back in 2020 don't realize the crash in housing is here. Except, this time, it's not a crash in prices, it's a crash in affordability.

@shanerogers9386 6 месяцев назад

What are your kids going to do? And their kids ?

@maxxomega6599 6 месяцев назад

@@shanerogers9386 It's their own problem to figure out....

@pondafit4249 6 месяцев назад

Great information!

@evelynrogers7145 6 месяцев назад

So thankful my home and car are paid for

@zangarkhan 6 месяцев назад

I think we need to look out for boomer retirement, downsizing, and wealth transfer. Also still many empty homes, rentals, etc. Once reno cost/maintenance costs gets too high many will decide to sell.

@donchoq 6 месяцев назад

Kristina. You could buy a house as when we bought, foreign investors and hedge funds weren't buying up everything in sight and not re-selling them. We should (like most countries) forbid foreign ownership and force them to sell everything they have bought.

@anj3595 6 месяцев назад

I just love your advice, Kristina.

@jacobnapkins1155 6 месяцев назад

You're wrong there's a shortage of 3.8 million listings we have 16 million vacant homes with 5 million vacants in the top metros theres no shortage of homes only listings

@rachelscanlon5805 6 месяцев назад

Many of those homes are way overleveraged investments too. Pandemic FOMO purchases. Very little down and a dose of hopium that they market would continue going to the moon.

@karlabritfeld7104 6 месяцев назад

too many real estate agents

@kortyEdna825 5 месяцев назад

Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?

@Pamela.jess.245 5 месяцев назад

this is huge! mind if I look up the advisr that guides you please? only invest in my 401k through my employer for now, but enthused about diversifying my investments for a prosperous financial future

@Pamela.jess.245 5 месяцев назад

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

@onegreatstarfish 6 месяцев назад

love your videos Kristina!

@Krazybonejabs 6 месяцев назад

Just bought a 500k house at 8% with 800+ credit. If I don't pay any additional principal for the loan term, I will end up paying almost 1.3mil... by that year, that will seem like a drop in the bucket.

@Joce123 6 месяцев назад

I have observed more people in their late 40s? Looking at what kind of a home could they physically handle when they turn 70 years old?

@littywitty5867 6 месяцев назад

The only thing I have left is hoping rates keep continuing to increase

@tsimonson49 4 месяца назад

We got an awesome 2.75 interest rate in early 2021. BUT now we are dealing with taxes and insurance raising every year which resulted in us owing without our knowledge and now we are paying over $1000 for our mortgage which was originally $800. It doesn’t sound like a lot to some but for us where our mortgage was- was all we could afford.

@blessedgraceindeed 6 месяцев назад

U have to make 57000 to get small one bedroom apt..

@karlabritfeld7104 6 месяцев назад

That's nothing

@cgschow1971 6 месяцев назад

I recently bought an older home in a great area. it's not fancy, but it's cozy, new roof and siding, and a nice workshop. It's way below the standards of many of my peers, but I think their standards are too high. They can sit in their 2023 $800k crackerbox homes.

@sharonh2991 6 месяцев назад

I’ve always believed older homes are superior. The older the better for me.

@hlf_coder6272 6 месяцев назад

I think it's fairly naive to believe we're not going to see some sort of correction. There are ALWAYS people saying this stuff before a dip. "Nope, this is the new normal!". Either prices are going to fall, or wages are going to rise. One of the two has to happen.

@karlabritfeld7104 6 месяцев назад

Well it is not.

@briankier2189 6 месяцев назад

Or a third possibility. Prices drop and so do wages.

@Mike_257 6 месяцев назад

The FED has insisted that the housing market will need to be reset!!! The housing affordability is the worst in decades!!! Either the household income is 60% up, or the housing price is 50% down!!!! The choice is clear!!!! " Don't fight the FED " !!!!

@vden02 6 месяцев назад

The Fed is a huge part of the problem!

@PSILUVU2 6 месяцев назад

Hi Kristina, love your channel. I just wanted to share a brilliant property use idea that a young man actually accomplished. He didn’t have much money, not enough to buy a piece of land where he wanted, so he asked owners of property in the area if he could buy an easement to use a portion of a larger lot to build his home. An easement allows him to use the portion of the property for his purposes without having to invest in the larger property. He ended up paying $4,000 to use a section of land on someone else’s property forever. I thought that was genius. Definitely thinking outside the box to come up with something “affordable.” What do you think of that idea?

@misterringer 6 месяцев назад

Interest rates before the pandemic were not normal. They were at historic lows. Those low rates made it easy for institutions to borrow money at even lower rates than were available to us regular folks, and buy up all of the housing inventory. Rates are normal now. It's just pricing that's absolutely bonkers.

@TheSuperdodgy 6 месяцев назад

Exactly my thoughts. They were way too low for way too long. Sadly there will now be generations of people who will never own a home.

@misterringer 6 месяцев назад

@@TheSuperdodgy Possibly, but outside of some very resilient markets, prices are coming down. Here's to hoping they come back down to pre-pandemic prices, or at least something close to it.

@karlabritfeld7104 6 месяцев назад

Thank the realtors for that.

@sterlinelouisrn555 6 месяцев назад

What goes up must come down! 😊

@fireflymary9269 6 месяцев назад

Maybe you can talk about all the people living in vans and rvs? Oh-and yes, how rvs went from 50$ G prepandemic to $150 G now ! Rv living is the housing frontier.

@jumpdawg799 6 месяцев назад

Welcome to the new Serfdom.

@zuzanazuscinova5209 6 месяцев назад

The old serfdom never ended.

@sew2prosper 6 месяцев назад

I bought my 3/2 on half an acre in 21' in FL for 185k, in a well established neighborhood. Not rich but established. I take home less than 35k as a Childrens Librarian. So having to make 115k a year, I believe to be a bit much. Maybe if you are trying to live in these super rich well off neighborhoods. But i purchased when the madness was in full swing and people were dang near selling their souls for homes. I searched for eight months before I found a great home in my budget in a decent off neighborhood. All I have to say is dont give up, it is possible.

@julesl7679 6 месяцев назад

Its such a sad day when greed takes away the dream of owning ur own home. This is purely done by corporate greed. Every one should be able to afford to buy a home. There is absolutely no reason they shouldn't except that corporate America and investors feel the need to dictate ridiculous prices so they can be richer. Greed...pure greed.

@drozcompany4132 6 месяцев назад

It's not just corporate greed. People buying "investment properties" to rent/airbnb, or house flippers are all working from greed. Stop blaming corporations for everything.

@zuzanazuscinova5209 6 месяцев назад

You live in a la la land

@karlabritfeld7104 6 месяцев назад

That's America for you.

@thehallswayy 6 месяцев назад

For me and my Fiance we have done everything right. Graduated College with little student loans. Both work in stable careers, get paid well for being in our early 20s. We stayed home with parents to save 30k plus, cars are paid off, and no credit card debt. And still. It feels like we cannot afford a home comfortably. We live in Missouri… feels like the older generation gave us the wrong information on how to live a comfortable life when you’re an adult.

@adamdelarozza1985 6 месяцев назад

But (YOUR) the younger generation voted in the Newer Generations woke Rules! Now....How do you riddle that batman?

@thehallswayy 6 месяцев назад

@@adamdelarozza1985 not necessarily. The older generation still contributes most of the votes. Especially in our local city.

@adamdelarozza1985 6 месяцев назад

your right, its our fault and ZERO of yours. Now can you see that that may be part of the problem? Truth and facts will aalways be rejected, probably as Hate speech. LOL.@@thehallswayy

@lindakingsley9486 6 месяцев назад

I have just been told by people in Las Vegas is overbuilding but only for renting.

@annjames1837 6 месяцев назад

Those millions of Illegals need housing too😅

@mftd9316 6 месяцев назад

Look to your state for programs to help with down payment & closing costs. FHA with 3-5% down. Also buy cheap with a reno loan and build equity. The problem is that people don't want to put the time in (going to program classes or fixing up) and want to move into a $500k house already finished with upgrades. Seems people don't want a _true_ " starter home" .

@exmarine268 6 месяцев назад

Renting is now far cheaper than buying and rents are coming down in many places now. Austin area has an absolute gigantic supply of new apt construction coming, and that will tank rents. They can keep house prices as high as they want but sales will be very low. Why buy when you can rent for half the price, and that includes people who can afford to buy a house. Just cuz you can afford to buy doesnt mean you should. I would rent and wait!

@TheSuperdodgy 6 месяцев назад

Every year you wait is paying someone else's mortgage other than your own.

@JNoMooreNumbers 6 месяцев назад

Big cities that's true but not elsewhere. Fixed rate mortgage is better than rising rent prices. Rent for my house would be 1800. 700 dollar mortgage. When I bought it approximately 1200 was the going rate for what I have for rent then.

@karlabritfeld7104 6 месяцев назад

A one bedroom apartment in Los Angeles is $2400. That's not affordable when you're average person only makes $30,000 a year

@exmarine268 6 месяцев назад

@@karlabritfeld7104 - Compare that to a $4500 mortgage for a $800k house. Such a person needs to move out of the state. California is destroyed.

@maxxomega6599 6 месяцев назад

I love the high house prices. I sold my house in Toronto for almost a million dollars and I only paid $270K for it. So now I am retired, debt free, in another brand new house paid for in cash living on Lake Erie. It all worked out great for a LOT of people...

@adamdelarozza1985 6 месяцев назад

i sold my ghetto California condo and now live Kingly in Nevada, it worked great here too

@lizgarcia6781 6 месяцев назад

Why are HOAs outrageously expensive? Many retired folks would live in townhouses or condominiums if the monthly HOAs weren’t so expensive. I’d rather give a percentage of my townhome to an HOA after the sale of of my townhome instead of a monthly HOA. For example upon the sale of the townhome one could pay 5% of $400k or $20000 or 2.5% of $400k or $10000 as the HOA. Why aren’t there government regulations to assure HOA fees are reasonable for buyers. I swear you’d see a lot of movement in the housing market from older folks moving out of their single family homes into multifamily housing if HOAs weren’t so expensive.

@sandral5801 6 месяцев назад

Its going to get to a point thay even if people can afford houses, they wont buy it becuse everything is so uncertain

@cb5516 6 месяцев назад

They'll change the rules so the buyers agent commission can come from the home loan.

@kenningosh1447 6 месяцев назад

Homes are over priced and whats making it worse is the interest rate. Well also gas prices, food, utilities, etc

@jameslee-dp6cb 6 месяцев назад

No matter how high housing goes, we the public don't have to buy or rent. There are plenty of houses, even though it appears to not be. Corporate investors have bought houses and taken them off the market. But they're in for a shock. People are choosing alternative housing options even though they have to move out of towns and cities. It's just a matter of time until these corporations are stuck paying taxes on houses they can neither rent or sell for a profit. I see it coming, I just can't tell you when it will happen, but it will.

@jer1776 6 месяцев назад

Whats wild is investors say people prefer renting.. Yeah, I totally love some corporate landlord telling me what pets I can/cant own, what colors the wall have to be, and having to threaten legal action to get back my full security deposit every time I move.

@Daniinthecity_ 6 месяцев назад

Will Ai become the future buyer’s agent?

@carbinewolf 6 месяцев назад

Was 2.8-3% normal though? It seems like an unusual dip in rate compared to what historically occurred in the U.S.

@karlabritfeld7104 6 месяцев назад

It's because of the real estate agents that the prices area so high on houses.

@Joce123 6 месяцев назад

People are being offered 58 year mortgages to refinance whether then the bank having a foreclosure.

@SanJunipero7 6 месяцев назад

Might have to buy a cheap RV or camper to live in soon and become a minimalist just to save up some money for a few years. If enough money is used for a down payment then maybe I can afford a house without worrying about the monthly payment being too high and unaffordable 😅😩

@user-wz1ch9hs1x 6 месяцев назад

My crystall ball says seniors without homes will have to rent. Ok with not subletting! The apartments are getting much smaller now!

@davidhutchinson5233 6 месяцев назад

Corporate greed knows no bounds.

@MichaelBrown-ny3et 6 месяцев назад

Once rents go up because landlords will feel they’re missing out, the homeless rate will explode. Soon we’ll be a nation of renters.

@PlasmaBurns 6 месяцев назад

sadly, stop paying those yearly rent payments called property taxes and you will see who owns "Your" land... We are all renters on the Continent our fathers conquered.

@karlabritfeld7104 6 месяцев назад

We already are

@TinaSellsLasVegas 6 месяцев назад

Just became a renters world for so many who don’t have 20% down. 😢

@fireflymary9269 6 месяцев назад

So the industry secret is “don’t build new to force prices up and up and up” because now builders will build for those that meet the higher price points.

@grega2362 6 месяцев назад

New buyers were under the impression that the first home was 3600sqft with 3 bathrooms and an island in the kitchen like their parents had after 40 years. So guess what didnt get built? Starter homes. 1100-1600 sqft small homes

@zuzanazuscinova5209 6 месяцев назад

Whose parents have a house like that?

@karlabritfeld7104 6 месяцев назад

My first house in 1991 was 1300 square feet and it was plenty big enough for me and my husband.

@themarkandmelteam 6 месяцев назад

Crazy lawsuit for sure! Helping the lawyers not the home buyers!

@bernaclischurchill4463 6 месяцев назад

OK, if the buyer if the future will not have an agent to represent them, can they hire a realestate lawyer and hire a home inspector to look at any potential property that they might want to purchase. This too, will be out of pocket for the buyer, but it would at least be an alternative if, the buyer is not have an agent.

@debby8428 6 месяцев назад

We did that. We advertised the house ourselves. We hired a real estate lawyer who we leaned on for advice and closing. We sold our home for $365,000 and saved ourselves the 5% they wanted. As for purchasing a home without an agent many sellers are to afraid to take that leap.

@karlabritfeld7104 6 месяцев назад

Of course!!

@leonaowen9234 6 месяцев назад

Question--Is there a percentage standard amount you can take out as home equity and put it towards another home?

@RapidRepair 6 месяцев назад

Typically 80% is the maximum equity you can loan on

@karlabritfeld7104 6 месяцев назад

What's the point if you are barely keeping your head above water?

@leonaowen9234 6 месяцев назад

To create passive income. @@karlabritfeld7104

@lextacy2008 6 месяцев назад

Even rents have become this: -Singles are now officially priced out of the market -The average state and person will need at least 4 roommates to qualify.........for a 1 bedroom........think about how that ever works. Jail looks better -Married couples may be able to get out of this because married couples tend to reciprocate income better and more efficient

@asw654 6 месяцев назад

More people need to get married then.

@miked853 6 месяцев назад

How come we keep hearing there is a shortage on supplies but I don’t see any shortage of apartments going up in my area. I’ve seen more complexes built in the last two years than I’ve ever seen in my area

@jasonfitzpatrick414 6 месяцев назад

We need to stop the zoning for multifamily units. And stop mansion zoning also.

@tomkarnes69 6 месяцев назад

30 year mortgage, a time sequence tied to nothing in nature, 30 years was the average life expectancy of a blue collar worker in 1904

@PlasmaBurns 6 месяцев назад

Mortgage translates to Death Note. Its another form of Servitude.

@karlabritfeld7104 6 месяцев назад

That's not true

@tomkarnes69 6 месяцев назад

Well, it is true the average blue collar worker in 1904 had, on average, about 30 years to live working in super harsh factory conditions, kind of like the modern-day lithium miner who's life expectancy is age 36, I know that's very hard to wrap your head around, but if your still plugged into the Matrix aka main stream media, we'll then anything is possible. Quick question how is it a home built in the early 1970's and sold brand new for $30,000.00 dollars and was resold for $325,000.00 dollars 50 years later and is a falling down toxic hunk of junk, riddle me that

@cleonne1 6 месяцев назад

I was go8ng to buy a home in 2019 but the realtor I was working with was bs. I wanted to put in an offer on a house and he was being around. I tried going with another realtor but no one would take me because I signed something saying he will be my realtor.

@LR-pw9dd 6 месяцев назад

My Iu can switch realtors at any time if you’re a buyer. You don’t sign anything w a realtor as a buyer, only anseller

@eddyeroyal6024 6 месяцев назад

Sad.

@carl4short 6 месяцев назад

🥲🥴 Seek a free, non-profit attorney to legally nullify your signed agreement & set you free.😊

@drozcompany4132 6 месяцев назад

@@LR-pw9dd That's not always the case. Each time I've worked with a buyer's agent, they had me sign an exclusivity contract that usually lasts 3 months. Not all of them will do this, though, and some will refuse to work with you out of professional courtesy to the other agent.

@cb5516 6 месяцев назад

This house of cards can last much longer than you think. Those 3% mortgages are cheaper than rent. Car reposessions are stratospherically increasing. They're upside down on them so they walk.

@jasonfitzpatrick414 6 месяцев назад

I hear the job market is great and i hear inflation is low. I think january 2024 will tell us about the rest of the year. I expect record credit card usage because people are tapped out. Who knows what the fed will do with interest rates and what it will do to the economy. It will not matter because most people arent making 115000 and will have to rent. The younger people may have to stay with their parents in their giant houses. The money people spend on cars, rent and housing will not be put into the economy though and that will have an impact. Things are nuts.

@karlabritfeld7104 6 месяцев назад

Of course the money is going into the economy. On rent, gas, food, clothing, insurance, taxes, medicine, education, schools, fire and police

@jasonfitzpatrick414 6 месяцев назад

@@karlabritfeld7104 what I mean is that I understand money is going into the economy but the amount of money for things like clothing, entertainment, dining out, vacations is reduced because a great portion of your money is spent on big ticket items. Of course landlords and banks will use the money paid to them.

@knowledgeandmultiskilled 6 месяцев назад

Funny fact. I saw a home go, for $400 dollars, and it was rejected in the USA. Regarding myself if I ever see a home in the USA that is going, for $400 dollars then I just might be interested to make a deal. I am watching from where I am currently living what some Americans are choosing to do, and it does somewhat interest me what I have been looking at, so far. If I see deals that are more tempting then I might travel to the USA to make an offer. Most homes where I am currently living are not affordable, for a lot of people. The dream of owning a home is possible, but if Americans choose to reject to buy affordable homes then I don't know what to say about that. I have only seen 1 home that got rejected, so far in the USA, but based on what I seen Americans could have rejected more.

@ebutuoy5088 6 месяцев назад

You saw a home, not seen a home

@JNoMooreNumbers 6 месяцев назад

Was it Detroit? The joys of a wreck in the hood can be that cheap. Heard of 100 dollar homes there but a ton to fix up, not safe and high taxes.

@knowledgeandmultiskilled 6 месяцев назад

@@JNoMooreNumbers We are not on the same page. I am sort of picky about the type of home I would like to buy. Fix up is fine with me if it's needed. Should be safe, for me, and, for me might be low taxes, or no taxes if I can get what I want. A home in the hood is not what I was thinking about buying.

@JNoMooreNumbers 6 месяцев назад

@@knowledgeandmultiskilled Was being sarcastic though Detroit hoods are cheap😆. You can't get much of a shed for 400 dollars even let alone make it livable and property.

@knowledgeandmultiskilled 6 месяцев назад

@@JNoMooreNumbers I have something in my mind that I know I can make livable even if other people can't. A shed is not what is on my mind even though it is on your mind. I understand property cost money, but you still don't know what I want to buy. If I see something I like then I will go to whoever is selling it then I will make an offer. I might make 2 different offers, and one offer would be made in the USA but you just won't understand to who, and why, so just let it go okay?

@jr.6199 6 месяцев назад

So what penalties have buyer agents ever suffered regarding sales contacts? Please explain any accountability that you know of first hand... What happened from the 2008 crisis where people bought multiple home they could not afford, Agents what happened to thee?

@karlabritfeld7104 6 месяцев назад

Nothing happened

@jr.6199 6 месяцев назад

@@karlabritfeld7104 exactly. And any RE attorney can look over a contract to point out risks and it won't cost you even 1% of the deal. Technology has changed over the past 20 years and Agents have to add real value or be replaced by simple software services now. I don't think Agents will rise to the occasion, but I wish them the best.

@FifthKnowledge 6 месяцев назад

That whole "no renting or sub-renting" condition is probably because of all the years-long squatting going on, the original mortgage holder doesn't want cascading legal issues with occupation claims, would be my guess.