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Why buying a house in the US is so hard right now

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We charted America’s homeownership problem.
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Homeownership in the US is basically synonymous with the idea of the American Dream. Owning your own home, the story goes, confers both self-determination and security - instead of paying a landlord, you own a growing asset that will form the base of your wealth. Homeownership is ingrained in US society; the majority of American adults are homeowners.
But somewhere along the line, something changed. Homeownership has been way less accessible to millennials and gen Z than it was to their parents, in part because of dwindling housing supply. But even within that generational disparity, 2023 was a uniquely bad year to try to become a new homeowner. Watch the video above to see exactly how bad, and why.
Sources and further reading:
The US Federal Reserve’s economic data was the basis for a lot of the charts in this video. Here’s median home prices: fred.stlouisfe...
Here’s the homeowner vacancy rate: fred.stlouisfe...
And here’s mortgage rates: fred.stlouisfe...
The US Census provides historical median income data: www.census.gov...
The Urban Institute publishes a monthly housing chartbook, which is where we got some of the data on “price tiers” in active housing listings: www.urban.org/... (that particular data comes originally from realtor.com.)
Zillow’s “affordability index” comes from this dashboard. In the time since we finished this video, the affordability index has gotten even higher: www.zillow.com...
Vox.com is a news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out www.vox.com.
Watch our full video catalog: goo.gl/IZONyE
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Опубликовано:

25 авг 2024

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Комментарии : 2 тыс.

@matthewklitzke2970 8 месяцев назад

Worst financial mistake of my life was not buying a house when I was 4 in 2008

@mikea5745 8 месяцев назад

I made the mistake of spending my money on college in 2008 instead of buying a home. Double whammy of a bad decision there

@BitMilkshake 8 месяцев назад

No it was not buying bitcoin when you first heard of it

@mtt59 8 месяцев назад

did you not pay attention in your preschool economics class? smh

@monkey_gamer_001 8 месяцев назад

😂

@BitMilkshake 8 месяцев назад

@@mtt59 have fun staying poor 💩

@danielkjm 8 месяцев назад

*Treating a home as an investment rather then a basic need is the problem*

@balloonredd 8 месяцев назад

thats correct daniel

@Mlac93 8 месяцев назад

Yep. Homes can be an investment or they can be affordable...they can't be both, at least not forever.

@triadwarfare 8 месяцев назад

Hopefully no crypto adviser hijacks this conversation

@freddytang2128 8 месяцев назад

Huh food and oil are basic needs. But do you tell farmers or oil producers "give me your products for free or cheap because its my human right, and dont you dare think of your work as an investment"

@wdanieldinsio 8 месяцев назад

For home owners this is a good thing, for banks and corporations to make a necessity a commodity is a sin.

@benjamindavidson22 2 месяца назад

To my own research In USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.

@Johnlarry12 2 месяца назад

I've remained in touch with a financial analyst since the start of my business. Amid today's dynamic market, the key difficulty is pinpointing the right time to buy or sell when dealing with trending stocks - a seemingly simple task but challenging in reality. My portfolio has grown by more than 5 figures within just a year, and i have entrusted my advisor with the task of determining entry and exit points.

@carolpaige2 2 месяца назад

Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.

@Johnlarry12 2 месяца назад

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

@carolpaige2 2 месяца назад

Carol has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.

@NicholasBall130 3 месяца назад

In the early 1990s, when I bought my first home in Miami, first mortgages often came with rates of 8 to 9% and 9% to 10%, which was quite common. It's important to consider that we may never return to 3% rates. If sellers are compelled to sell, home prices may need to decrease, leading to lower valuations. I believe many others share this line of thinking.

@cowell621 3 месяца назад

I agree, It's not just the prices, but also the increasing interest rates that are making it more difficult for people to afford homes. With a good FA you can make up your portfolio.

@StocksWolf752 3 месяца назад

Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.

@StacieBMui 3 месяца назад

Impressive gains! how can I get your advisor please, if you don’t mind me asking? I could really use a help as of now

@StocksWolf752 3 месяца назад

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

@grego6278 2 месяца назад

I searched for her name on the internet, found her page, and reached out via email to schedule a conversation. Thank you.

@Peterl4290 7 дней назад

In the current economic climate, a home is not the best investment. I've already sold my Boca Grande area home, but I want to invest roughly $200,000 in stocks since I've heard that even in challenging times, investors may turn a profit. Any excellent ideas for stocks?

@Mrshuster 7 дней назад

The truth is that if you make the right picks, you could make killer riches very quickly, although such profit usually needs expertise, as in hedge funds or financial managers. I personally prefer the latter.

@larrypaul-cw9nk 7 дней назад

I agree. Based on personal experience working with an investment advlsor, I currently have $985k in a well-diversified portfollo that has experienced exponential growth. It's not only about having money to invest in st0cks, but you also need to be knowledgeable.

@sabastinenoah 7 дней назад

How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?

@larrypaul-cw9nk 7 дней назад

Annette Christine Conte is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@sabastinenoah 7 дней назад

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

@alexsteven.m6414 Месяц назад

From my analysis, people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.

@fresnaygermain8180 Месяц назад

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!

@edelineguillet2121 Месяц назад

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?

@valeriepierre9778 Месяц назад

The adviser I'm in touch with is "Sharon Marissa Wolfe" she works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else, for me her strategy works hence my result. she provides entry and exit point for the securities I focus on.

@FerrariTeddy Месяц назад

WARNING SHARON MARRISA WOLF IS A HORRIBLE PERSON AND A LIAR!!! SHE STOLE MY MONEY AND SWATTED MY HOME WHICH RESULTED IN MY ELDERLY UNCLE BEING SHOT AS HE SAW WHAT THE COMMOTION WAS ABOUT!!!!!!

@likashing100 Месяц назад

I got total loss for US$150,000 in Hong Kong Stock market and my home value in the past few years. So upset that was all my money save since I graduated from university😢

@DonaldMark-ne7se Месяц назад

Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

@Jamessmith-12 Месяц назад

I suggest you offset your real estate and get into stocks, A recession as bad as it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short-time buy and sell opportunities too. This is not financial advice but get buying, cash isn’t king at all at this time!

@JacquelinePerrira Месяц назад

That's awesome! Diversifying your 350K portfolio with the help of an investment coach has really paid off. Making over $730k in net profit from high dividend yield stocks, ETFs, and bonds is quite impressive. Your investment strategy seems to be working wonders for you!

@kevinmarten Месяц назад

I just started a few months back, I'm going for long term, I'm still trying to wrap my head around it, who’s this advisor you work with?

@JacquelinePerrira Месяц назад

When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.

@kevinmarten Месяц назад

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

@nicolasbenson009 27 дней назад

I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?

@berniceburgos- 27 дней назад

"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 task

@KarenLavia 26 дней назад

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

@Michaelparker12 26 дней назад

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

@KarenLavia 26 дней назад

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

@ScottKindle-bk3hx 26 дней назад

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

@graceisNERD 8 месяцев назад

I don’t want to own a home as an investment. I want to own a home so I don’t have to move every couple years. I want to own a home so I can paint the living room. And sure, I don’t want to be throwing away all my rent money that could go towards actually owning something.

@nicholasmorello6370 8 месяцев назад

Right these Vox people are out of touch

@aolvaar8792 8 месяцев назад

I signed a 30-year lease in the Bay Area in the 80's after 15 years they offered to buy me out.

@kevinmcfarland4322 7 месяцев назад

You could say all that money you’re paying for a mortgage is being thrown away too because the majority of it is going to the bank in the form of interest for the first decade at least

@aolvaar8792 7 месяцев назад

@@kevinmcfarland4322 "All the money"??? Some of the money. I checked my loan, in year 8 of 30 more to principal than interest.

@christophercobb249 7 месяцев назад

Unless you paid for that home in cash upfront, isn't your mortgage payment just making a financial company more profit? Unless you were born into generational wealth, inherited it somehow, or bought your home in an economically depressed area, who can honestly afford to purchase a home in the US in cash? (I'm excluding other countries because the financial situation for every country is so vastly different. Suffice it to say, the cost of purchasing a home looks vastly different, depending on where you purchase it.)

@SteveDutton-v 2 месяца назад

In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.

@SeanTalkoff 2 месяца назад

I advise you to invest in equities and offset your real estate. Even a severe recession can offer profitable buying chances in the markets if you proceed with caution. It can also generate volatility, which presents excellent opportunity for quick buys and sells. This isn't financial advice, but buy now-cash isn't the king these days!

@DavidCovington-st2id 2 месяца назад

You are right! I’ve diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.

@tmer831 2 месяца назад

This is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy.

@DavidCovington-st2id 2 месяца назад

My CFA ’’ Sharon Ann Meny, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..!

@tmer831 2 месяца назад

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her.

@slowbro1337 8 месяцев назад

My grand parents bought their house in 1950 for 16,000$ The same home now lists for 400,000$. They were able to afford it with one working as a chocolatier and the other a mechanic. I manage a theater for Santikos and I can barely afford just rent.

@diodelvino3048 8 месяцев назад

accurate, 1970s/80s you could work in a grocery store as a stock clerk , own a house and raise a family. Now?? You can barely rent a one-bedroom apartment

@iantotheh 8 месяцев назад

Quality of that house is probably better than what's built today too

@scholaroftheworldalternatehist 8 месяцев назад

The workforce has been diluted by entry of women and also immigrants pouring in. Wages will not go up since there is plenty of labor.

@aolvaar8792 8 месяцев назад

I bought an unmarketable Fannie Mae foreclosure in 2011 for $50K, Now $500K $214/mo

@Tkenny35 8 месяцев назад

@@diodelvino3048 So true. I live in Huntington Beach CA and my friends dad works at home depot and his mom works at disneyland at the ticket booth. Both been at their job for 30 years and have paid off their house. They bought it in the 80s for like 125k and today its worth 1.3 mil.... They are literally the definition of what you just said. Working legit normal average jobs that dont even need a college degree and were able to buy a home. You cant even afford a luxury apartment with those jobs in todays market.

@Alxium 8 месяцев назад

I like how this completely ignored the fact that hedge funds are buying an large percentage of single family homes as investments. Also ignored wild renting prices as well. And the solution given was for young people is to "invest" in other things. Basically "you don't need to own your home". That is disgraceful. I don't CARE about investing in a home. I want a home so I have somewhere to LIVE.

@Chuntise 8 месяцев назад

Exactly. I don’t care about making money. I just want a place to live. The rental market forces my housing expenses to increase every year. I don’t really want to buy a home in this market but I fear I won’t be able to afford to live anywhere if I don’t buy a house now. All I can do is lock in a mortgage payment and hope my salary goes up. Maybe refinance if interest rates drop.

@covfefe1787 8 месяцев назад

thats how poor people stay poor. Your house is not only a place to live but an investment too so treat it like an investment your house is your net worth and social status dont hate the player hate the game.

@Chuntise 8 месяцев назад

⁠@@covfefe1787That’s making a big assumption. Currently our dual income is $145k. We live in Utah with 3 kids. Most people would not consider that poor by any means. Both of us have savings/retirement and manage our money responsibly. Both of us came from poverty. We did not have parents who brought new TVs we didn’t need on credit as the poor stereotype goes. Yet we can barely afford a 3 bedroom house/condo etc. in our area. Possibly a 4 bedroom if we want to be house poor. We’re currently losing 100% of our housing money to rent. At least in a house we build equity. Even if the house depreciates, not all the money is lost. We don’t have the luxury of finding a forever home or the best housing investment. We’ll probably live there for the recommended 10 years out of necessity and not because we’re “playing the game.” Who knows if the market will ever be in a place to buy a second home to rent. At this point we’re surviving.

@charlethemagne5466 8 месяцев назад

@@covfefe1787 what an utterly moronic point of view.

@danielp415 8 месяцев назад

What's a "large percentage" and what's your source other than a few high profile articles of blackrock buying start homes?

@Donthaveacowbra 8 месяцев назад

The issue you left out for this was rent prices vs median home prices 😅 rent outpaced even housing

@rph8704 8 месяцев назад

Very few markets are actually profitable to rent. It’s more expensive to buy than to rent at the moment in most population centers of the country.

@ltfreeborn 8 месяцев назад

And also speculators, people who buy and the sell years later for a profit. Its not that there's no supply, but said supply is being bought up by people and corporations that want money.

@ashvio 8 месяцев назад

@@rph8704 dishonest to use negative cash flow as a substitute for "unprofitable". We all know once you account for total asset/liabilities renting is an extremely good way to make money especially on long held assets.

@schootingstarr 8 месяцев назад

Exactly what I wanted to comment as well. When rent is as high as mortgage payments used to be (which are always higher than rent), then instead of creating wealth for yourself, you're only creating wealth for someone else.

@liamness 8 месяцев назад

Yeah, no point pointing to long term alternative investments to build wealth, if people renting have nothing left over to invest each month. In a country like Germany where rents are a little more affordable, and the rights of tenants are stronger, it's easier to achieve financial security through means other than home ownership.

@tonysilke 4 месяца назад

I’m a new dad, I moved to the Bay Area a few years ago and I’m thinking of purchasing a single family home, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? I heard Nvidia and AMD are strong buys.

@Nernst96 4 месяца назад

it’s a personal decision, but according to Forbes, housing activities will remain stagnant for the most part of the year, so maybe hold off a little.

@PatrickLloyd- 4 месяца назад

well you could put a downpayment on a home and as well diversify as much as you can into Ai and pharm. stocks like Pfizer and JnJ.

@PhilipDunk 4 месяца назад

Certain Ai companies are rumoured to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I.

@Nernst96 4 месяца назад

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

@Nernst96 4 месяца назад

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

@maszlagma 8 месяцев назад

This is an issue all across the developed world right now, but our boomer leadership seems to believe that it's somehow our fault not working hard enough. It's very distressing.

@goyam2981 8 месяцев назад

They all printed money and enabled capitalists to take advantage of regular people.

@somecharactersnotallowed1319 6 месяцев назад

More Americans are working 2 full time jobs now than ever lol

@carlosfontanez9804 4 месяца назад

Wall Street journal newspaper costs $5.00. Minimum wage is $7.00.

@newmobile1455 29 дней назад

I work part time because I have my own things to do not to fund someone elses dream or as little as I have to

@ronaldreagan-ik6hz 23 часа назад

then stop voting for democrats horrible inflationary polices.

@DocFaust 8 месяцев назад

Weird way to end it. “A house is not your only option” no other options offered. 🙄

@GP-zk9fz 8 месяцев назад

For freaking reals!!! 🤦‍♂️

@DimaRakesah 8 месяцев назад

You could just live in your car! 😮‍💨

@Nonsense116 7 месяцев назад

The video offered two options, stocks and bonds.They have a much lower barrier to entry and you can flex how much you can contribute. If you wanted you could put $50 into the stock market a month. That isn't super great but it's an excellent start!

@fluxophile 7 месяцев назад

@@Nonsense116 Can't live in a stock or bond.

@WarrenF 6 месяцев назад

@@fluxophileit’s 10x better than putting your money in the bank

@ChristopherAbelman 4 месяца назад

I have owned long term and short term rentals for years. I found the short term rentals were a lot easier to manage. On occasions, I had the short term renters leave me gifts! I find people on vacation are in a good mood and 99% of the time left my properties in great shape. So I'm enthusiastic about getting involved. Is this a good time to buy property and where?

@HildaBennet 4 месяца назад

@FinnBraylon 4 месяца назад

You are right! I’ve diversified my portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.

@PennyBergeron-os4ch 4 месяца назад

Do you mind sharing info of the adviser who assisted you?

@FinnBraylon 4 месяца назад

“Sonya lee Mitchell’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@PennyBergeron-os4ch 4 месяца назад

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a meeting.

@DoomFinger511 8 месяцев назад

One big factor that was left out of this housing crisis is all the house flippers who started buying up houses, doing some remodeling, then flipping it for a profit. Taking 'fixer-upper' houses that a first time homeowner could have afforded off the market, and reselling it to people with a higher income.

@michaelmish4953 8 месяцев назад

Yes with wild markups

@joeroganpodfantasy42 7 месяцев назад

With this mentality we would still be living in caves cause god forbid someone want something better that might increase the prices for everyone else. Crabs in a bucket mentality. Divide the pie zero sum game .

@benvandemark 7 месяцев назад

Thanks a lot Property Brothers 🙃

@DoomFinger511 7 месяцев назад

@@joeroganpodfantasy42 Not at all, there is a difference between a family buying a house to live in and remodeling it because they want something "better", and a house flipper buying up 10 houses with the intention to flip them. That is the very reason why most gated communities and condo complexes won't allow a homeowner to sell their property until they have inhabited it for at least 2 years.

@christophercobb249 7 месяцев назад

There is a clear difference between someone buying a home with the intention of living in it and later selling it at a profit, and then people who flip houses like vultures seeking the leftover scraps.

@SomeThingElseYT 7 месяцев назад

With the "lack of supply" argument at play here, I would also like to see what that chart would compare to the number of homes purchased by rich "entrepreneurs" who "invested" in homes that are left vacant due to lack of affordability or selling at a loss. The amount of homes that go unlived in because rich people bought them out to sit and sell, artificially inflating the market as a whole.

@maceinater 7 месяцев назад

this is an amazing take, id like to see the numbers behind this

@ab3240 7 месяцев назад

I don't think this is really a thing, especially in any part of the country that houses a significant number of people. Property taxes add up pretty quickly and only like 5 states don't have them. What is happening is affordable housing is being bought up and remodeled to be resold at a significantly higher price to a wealthy buyer. This is evidenced in the video where they show how much housing is going for 1m+ over time.

@SomeThingElseYT 7 месяцев назад

@@ab3240 Property tax is subsided by the amount of profit these rich people or companies see from the revenue streamlined by their evil "business" tactics. They say there isn't enough supply, but the websites Zillow or Realtor would beg to differ. Say you are young and looking for a place to live. Go on these websites to find yourself a home, set your search engine to buy, and the statement of supply and demand seems somewhat factual: homes for sale are plentiful but probably not enough to meet demand. However, switching it to rent, suddenly, the page is filled with home after home, showing a much larger supply for young home seekers. The problem is still artificially inflated, unaffordable prices. Not to mention the costs of health insurance, home insurance, car insurance, dental, eye, groceries, utilities, etc., but that's another topic.

@thevinceberry 7 месяцев назад

Don't forget Airbnb, and companies like Blackstone, Zillow buying up everything in big cities.

@kellharris2491 6 месяцев назад

This is an issue and there is talk about some areas making property price more expensive if the house is vacant too long.

@tperri123 6 месяцев назад

What if you don't want a home so much as an investment, but as a place you can satisfy the basic need of shelter without getting continually ripped off by some greedy landlord?

@blueciffer1653 6 месяцев назад

You'll need a different kind of economic mode of production for that then

@debbieframpton3857 4 месяца назад

I didn't buy my home thinking of what the value could be in the future I bought it because I want to own my property and never considered renting.

@cancerino666 8 месяцев назад

Money being worth less and less and houses more and more is basically a wealth transfer from who bought houses long ago and who works for money right now.

@rickysampson8759 8 месяцев назад

I love lord Biden. Best economy ever. Wages are so high and everything is cheap. Can we just eliminate the constitution and put Biden in forever. Like omg

@littledudefromacrossthestr5755 8 месяцев назад

@SBTRKT88 8 месяцев назад

It's definitely not that simple

@elijahherman 8 месяцев назад

Yep. The laws have always been made to protect old property owners' investment properties...

@moosesandmeese969 8 месяцев назад

@@elijahherman Another way boomers have rigged the economy for themselves and destroyed their kids' future

@mangos2888 8 месяцев назад

I only ever want these videos written, edited, and published by people who do not own a home

@user-mb8wu9jd6v 21 день назад

Excellent information, and I appreciate your breakdown! Even with the recent drop in crypt0, I'm glad that I can still grin at my $56,700 portfolio, which I built up quickly from my weekly trades.💯💯💯

@LucyPaloma-t8k 21 день назад

Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!

@zawzawzaw9719 21 день назад

@@LucyPaloma-t8kDo you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my portfolio and plan my retirement

@user-mb8wu9jd6v 21 день назад

@@zawzawzaw9719She's ALICE LEE CHEN FINANCIALS

@user-mb8wu9jd6v 21 день назад

she's a known advisor. I actually did look her up curiously and went through her credentials on her webbsite... Top-notch! I wrote her an email, hopefully she's accepting new intakes.

@zawzawzaw9719 21 день назад

@@user-mb8wu9jd6vI'm definitely gonna check her out. Do yo have any idea if she manages family fund?

@harveysymes5192 8 месяцев назад

Most people are barely feeding themselves let alone owning a home…

@Riggsnic_co 7 месяцев назад

I think a housing crash will happen because all those people who bought homes over asking price, although it was at a low interest rate, they are over their heads. They have no equity if the housing prices continue to go down, and if for whatever reason they cannot afford the house anymore and it goes into foreclosure because even if they try to sell, they will not make any money. I think this will happen to a lot of people especially with the massive layoff predicted for the future and the cost of living rising at a high speed.

@maga_zineng7810 7 месяцев назад

For 2023, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.

@Mohaimam316 7 месяцев назад

I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!

@usieey 7 месяцев назад

You are right! I diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.

@usieey 7 месяцев назад

Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

@papap6255 6 месяцев назад

Generally true for most of the US. However some specific areas can vary, mainly in states such as CA or NY

@RossiPopa 6 месяцев назад

It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.

@RusuSilva 6 месяцев назад

I recently sold my home in the Boca Grande area and am considering investing a lump sum into the stock market before the anticipated rebound, couple of folks have been discussing a potential rally, speculating on which stocks may experience substantial growth during the festive season. Do you have any insight into which stocks these might be?

@RichardMoore-jg5tl 6 месяцев назад

Although the economy has so far held up, the SVB scenario serves as a warning that Fed rate hikes are still having an impact. At times like this, investors must be vigilant about the next inevitability. You don't have to act on every forecast, therefore I'll advise you to hire a financial counselor. This has been my fallback position for a while.

@FusunTumsavas-cq7tp 6 месяцев назад

I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?

@RichardMoore-jg5tl 6 месяцев назад

Christine Ann Podgorny is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

@FusunTumsavas-cq7tp 6 месяцев назад

I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

@leoma-l7r Месяц назад

Buying stocks might seem easy, but picking the right one without a solid plan is tough. I've been trying to grow my $100K portfolio, but the tricky part is not having clear plans for when to buy and sell. Any tips on this would really help.

@AlfieArchiei Месяц назад

The strategies are tough for average people. They're usually done well by experts with lots of skills and knowledge.

@claircourtway Месяц назад

@@AlfieArchiei I agree. From my own experience with an investment advisor, I've got $1 million in a diverse portfolio that's growing fast. It's not just about having money for stocks; you need to know your stuff, stay determined, and be resilient.

@Elliot-Ivan Месяц назад

@@claircourtway Mind if I ask you to recommend this particular coach you using their service?

@claircourtway Месяц назад

@@Elliot-Ivan VICTORIA CARMEN SANTAELLA is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

@chantel-h1r Месяц назад

@@claircourtway Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.

@AtLeastTryALittle 8 месяцев назад

We live in LA and can't really move because one of us works in the film industry. We both have MA degrees and no children and have worried 50-90 hours a week since high school/ early college. We are both relatively far in our career path and in our mid-30s. We have savings, but not enough for a home. Home prices in our neighborhood START at about 1 million for a "fixer upper" in a sketchy neighborhood with a commute. If we can't afford a home, who can? I feel like the only way is to receive a generational inheritance boost, which we do not have.

@mr.blonde7812 8 месяцев назад

Me.

@AtLeastTryALittle 7 месяцев назад

@justagirl4663 Fair point. We have considered Goergia and have friends there. I was born and raised in LA so i would prefer to live in my home town, the studio my wife is at doesn't have a location there (her current job is too good to give up), and the weather and food in LA is much better.

@info781 6 месяцев назад

Everyone wants to live in California.

@AtLeastTryALittle 6 месяцев назад

@@info781 True. I do feel at least a little bit entitled to be able to buy and own a house in LA because I was born and raised here, so this is my hometown. My main point, though, is that I did everything I was supposed to. I finished my MA when I was only 22. I didn't have kids. I was careful with my purchases and money. I invested. I worked up 90 hours a week for a large chunk of my life. I'm married to someone of comparable financial ability. I'm doing okay. I'm not struggling in my finances in most things, yet I can't afford a house in my hometown in my mid-30s. I feel like my only failure was not being both to wealth. The housing system here is broken, and I feel like if it didn't work for me, then it really doesn't work for most other people either.

@420hansol 6 месяцев назад

my friends who's in film industry told me a lot of film companies are moving to LV. Perhaps look to move there?

@LZsteelerz 8 месяцев назад

I make $90,000 a year, have $105k in the bank and I can't afford a home because interest monthly payments are ridiculous.

@mr.blonde7812 8 месяцев назад

Uh huh

@LoveLife-oo9cz 4 месяца назад

So you would rather throw away the money into rents and own nothing? We bought a house and opted in for 15 years. After 8 more years, the house will be ours. I'd rather pay the bank than any landlord.

@frandypena1733 3 месяца назад

@@LoveLife-oo9cz 100%

@jeffe_77 8 месяцев назад

The bigger factor in my opinion is that institutional investors bought up tons of inventory over the years and renting them back. All those homes that would normally be owned by individuals are no longer available, hence the inventory crunch which begets prices staying high. I wish this video would have addressed this issue. In 2022 1/4 of homes are owned by investors. This year, a significant amount home purchases were by investors.

@ihaventshoweredin7weeksbut792 Месяц назад

Private equity firms buy out mature companies with a problem to spin them back into shape and sell them at a higher price due to their increased profitability, so how are they the ones buying the real estate? You probably mean real estate investment trusts or hedge funds.

@melissagrice 5 месяцев назад

This administration is putting many families in difficult situations. A lot of people are financially struggling to live, put a roof over their head and put food on the table. Things are getting worse these days, if you don't find means of multiplying your money you might wake up a day to realise you didn't plan well for yourself and family.

@MarthaDeTa358 5 месяцев назад

I agree with you and I believe that Professionals are currently dominating the market since they have access to both the necessary strategy for making money in this industry.

@Florencecoxx 5 месяцев назад

That's awesome to hear. I invested 5k in Robin hood about a year ago and it steadily went down, now my portfolio is down to $800. I don't know what to do and i am in between jobs

@melissagrice 5 месяцев назад

@@Florencecoxx Understanding your financial needs and making effective decisions is very essential. If I could advise you, you should seek the help of a financial advisor. For the record, working with one has been the best for my finances.

@Florencecoxx 5 месяцев назад

I’m Glad i stumbled on this. Please, if its not too much of a hassle for you, can you drop the details of the expertise that assisted you and how to get in touch.

@melissagrice 5 месяцев назад

@@Florencecoxx I get guidance from *Sarah Alma Martinez* Most likely, the internet should have her basic info..

@ashvio 8 месяцев назад

Turns out that homes going up in value forever isn't sustainable!

@yeet1337 8 месяцев назад

Sounds like you doubt the exponential growth of capitalism. That's why you're not rich, come on dude, it's the mindest. You need the real grindset.

@sanguiniusonvacation1803 8 месяцев назад

@@yeet1337the fact I can't tell your joking says more about the world then it should.

@ashvio 8 месяцев назад

@@yeet1337 inflation is exponential growth. housing prices growing on top of that as well is doubly exponential and mathematically it is inevitable no one will be able to afford a house (or the market will have a major crash)

@yeet1337 8 месяцев назад

@@ashvio You can't escape the doubly exponential growth of human demise 😂

@silversmoke4902 8 месяцев назад

@@yeet1337 The housing market is not capitalism, because we're not allowing supply to meet demand. Supply of houses low. Demand high. Solution? Build more houses.

@matturner8 5 месяцев назад

Rates on 30-year mortgages subtracted 8 basis points Friday, lowering the average to 8.33%. On Monday and Tuesday, the flagship average had bolted more than a third of a % point higher to set a new 23-year high of 8.45%. Do I just keep waiting for a housing crash with my $2 million in liquid assets or shift my attention to the equity market

@MarkGrimm8 5 месяцев назад

after studying the trajectory of great assets like real estate dividend paying stocks and gold, my conclusion is to buy and invest in what you can afford today! working with a financial advisor can certainly help

@carolpaige2 5 месяцев назад

nice! once you hit a big milestone, the next comes easier.. who is your advisr please, if you dont mind me asking?

@carolpaige2 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.

@drewkelly1955 5 месяцев назад

lol at the bots promoting a financial advisor

@basementbrasscompany9498 2 месяца назад

We own a flooring contracting company and in the last 10 years our income has been desimate due to inflation. Our costs to install have gone up over 100% but we have had to cut prices to be competitive. We have not grown in 4 years since COVID. This country is a major mess.

@olafvonbraun7300 8 месяцев назад

Real estate agents, brokers and developers who trade properties like it’s commodity is the reason the prices are x6 higher

@bharcooldude 8 месяцев назад

Corporations should be banned from buying homes. They can dabble in commercial real estate all they want but legally homes should be strictly limited to people not for the sake of flipping or renting them.

@JakeDMaier 8 месяцев назад

100%. Residential homes should never be owned by businesses (except for builders, who make them)

@JZTechEngineering 8 месяцев назад

That won't solve the issue and might even make it worse

@anirudhnarla4711 8 месяцев назад

That is wishful thinking and definitely not gonna happen. Who do u think lobbies the govt? The govt are slaves to corporations

@hanifarroisimukhlis5989 8 месяцев назад

Easier said than done. Just raise more taxes on unoccupied/second home.

@JJs_playground 8 месяцев назад

Totally agree. Housing is a basic human necessity.

@KMBence 8 месяцев назад

Vox I expected a much more thorough EXPLANATION than this. Compared to other videos i feel like y’all skimmed off the top with this topic

@FromDkWithLove 8 месяцев назад

Well, of course they did. Had to make room for 1,5 minute long sponsor ad on a 9 minute video.

@cartatowegs5080 8 месяцев назад

This video wasn't done well They left out companies using homes as investment to decrease supply, rent prices going up and other factors that are kind of helpful for the explanation. I hate the phrase "blank wasn't as good as it used to be" but Vox is selling out and it's good journalism is going away

@yepdontcarebud 8 месяцев назад

We all know who their bosses are...

@dasalekhya 8 месяцев назад

@KMBence bro... since 2008 housing crisis, there have been at least *500 videos, documentaries, movies, talks etc* regarding this issue NOTHING changes !!... at this point, such knowledge is pointless, because it affects NOTHING!

@BTrain-is8ch 8 месяцев назад

@@cartatowegs5080 They didn't leave it out. It's not relevant. Investor action in the single family home market is small and among the investment activity in that sector it primarily consists of mom and pop real estate investors not institutional investors. 80-90% of what's happening in the single family home market is the doing of individual buyers and sellers. The part they did leave out is the impact of two decades of historically low interest rates and describing today's rates as high despite the fact that they're only high from a last two decades perspective but average historically speaking.

@leonaodole1946 6 месяцев назад

I really wish once in videos like these they would acknowledge that renting BECOMES MORE EXPENSIVE OVER TIME BECAUSE RENT PRICES ARE ALSO GOING UP

@1_jahwarrior 8 месяцев назад

Can we talk more about this topic please? Because it's probably one of the biggest problems for this generation (Millennials & Gen Z). I know this problem is also caused by the 2008 financial crisis, but a deep dive explaining it all and connecting the dots would really help to put our lives into context and perspective. Most of us in this generation feel useless and hopeless as a result of all this and it's because we don't understand the things at play causing everything.

@markmilitant 8 месяцев назад

Gen X and Baby Boomers destroyed everything for us we even have to burden these high student loan costs

@clairer342 7 месяцев назад

@justagirl4663Can I please use this quote? This is gorgeous, and I want it on stickers, shirts, and signs. This sums up most financial problems in the United States right now, and everyone needs know

@mediocreman2 4 месяца назад

It's not just your generation. I didn't buy a home because I was going through cancer when I was younger and after that I wanted to travel in case I died. I didn't expect homes to triple in price.

@wdanieldinsio 8 месяцев назад

You forgot to mention that rent prices are just as high or higher in some markets than mortgage payments. So then on top of a huge rent you need to also invest in other financial assets.

@rogermuller5824 8 месяцев назад

I bought my first home in 2000, just before the boom. In less than 3 years, the mortgage was lower than rent would be. Rent always goes up, while your mortgage doesn't, unless interest rates change. That's another thing that says buying beats renting.

@garrettbewsy144 8 месяцев назад

they’re similar cause a lot of homes are investment properties so they need to match the mortgage

@kennan6176 8 месяцев назад

yeah the mortgage is cheaper at 3% BUT right now in Canada it's 8.25% so no its about the same if not getting more then rent@@rogermuller5824

@crusherven 8 месяцев назад

Former renter, now homeowner--comparing mortgage rates to rent is a mistake. The mortgage is only like 2/3 of my monthly housing cost, even before factoring in maintenance. It makes sense for rent to be higher than the mortgage, cause you also have to pay taxes and insurance and maintain the property. Long-term, buying is usually good, except when taxes go up a lot.

@pand3lofi 8 месяцев назад

move or buy a home if renting is more expensive than a mortgage payment alongside taxes and upkeep

@newdaysamepains 6 месяцев назад

People are comparing house prices from 1950s, 80s, even 2008. Well In a neighborhood near me house prices have increased over 3x in the past 5 years. Fun times. Just 5 years ago I was looking at 500k homes like haha those only sell in expensive neighborhoods. Nope its the norm now.

@lkbergen 8 месяцев назад

I'm behind the idea that "treating an home as a asset" is a problem, because for some it's self- and preditory - the problem come with the concept of renting; you cannot save for the future as effective as it is buying a house; at least at the end of a mortgage, you can sell is back for a decent retirement. With a renting - at the end of the term? You get nothing. There Is no reward for you financial stress and pain.

@platinummyrr 8 месяцев назад

the thing about owning the home though, is that you're no longer subject to a landlord deciding to increase rent. Sure there are other costs and challenges but its a huge weight lifted if you don't need to worry about the cost of your rent skyrocketing over a few years.

@JFitness88 6 месяцев назад

While this is true you still have sky rocketing property values which will increase your monthly mortgage payment regardless of your interest rate. This year alone the county doubled mine and everyone else’s property values in my area, and that’s not just happening here but everywhere. I’ve witnessed seniors on a fixed income lose their home that was paid off completely due to the property tax increase.

@platinummyrr 6 месяцев назад

@@JFitness88 technically that's not the mortgage payment (at least assuming fixed rate mortgage). That is property tax and that is definitely a problem

@debbieframpton3857 4 месяца назад

I'm a 70 year old senior my real estate taxes and house insurance is much lower than what my mortgage was. I can afford to own my home but I could not afford it if I had to rent it

@Sakura11101 8 месяцев назад

This started off so good, but yikes! Yeah treating housing as an investment and not a basic human right is exactly what im doing so ill just invest my pocket change while i pay 1450 a month for 200 square feet, a literal shoebox, which is actually a good deal in my city! I probably will never be able to buy a home and have reliable, stable housing that doesn't cost me half of my monthly income!

@Nekorook 8 месяцев назад

So if a house is not a good long term investment maybe we should stop treating them like they are.

@DCBJ2011 8 месяцев назад

It is a good long term investment

@moosesandmeese969 8 месяцев назад

@@DCBJ2011 It shouldn't be

@samsonsoturian6013 8 месяцев назад

Not really. Renting out homes is a perfectly good investment, but most people who just need a place to stay are better off renting.

@samsonsoturian6013 8 месяцев назад

@@moosesandmeese969get real. You're better off renting a house, and someone has got to supply one

@DCBJ2011 8 месяцев назад

@@moosesandmeese969 But isn't that the same reason those who cannot afford want one..? If it wasn't a good investment, then just continue renting?

@tHebUm18 8 месяцев назад

Surprised it didn't mention the incredible level of underbuilding from 2008-2019 which is a huge factor as well.

@nbonasoro 8 месяцев назад

The promise that your home value goes up is a horrible premise. We need to build so many homes that values drop by at least 50% which was just the increase in price since the pandemic. Homes were already unaffordable before the pandemic. The promise you get when you buy a house is you have a place to live thats it. Single family homes in general are a major problem, there needs to be much more high density houses of apartment complexes and condos. We also need to build them around public transit.

@hadipawar2539 8 месяцев назад

Trust me when i tell you this not an exclusively US problem, everywhere in the world its becoming harder and harder to buy a house. only if your income is keeping track with inflation is if you have a shot .

@salmay4266 8 месяцев назад

1. Address the problem 2. Claim there's no solution (as not to incite a revolution) 3. Claim that in future the problem is gonna magically solve itself 4. Repeat

@GrafEisen1 8 месяцев назад

"You won't own anything and you'll like it"

@samsonsoturian6013 8 месяцев назад

Your family?

@samsonsoturian6013 8 месяцев назад

@@GrafEisen1indeed you do

@spacecube8561 8 месяцев назад

sollution - less government regulation, less ''spacing/enviromental'' laws, more building. no revolution needed

@samsonsoturian6013 8 месяцев назад

No one asked you@@spacecube8561

@FransceneJK98 7 месяцев назад

You don’t truly own your home though. If you don’t pay property taxes, they can legally sell your home to pay your debt. And you definitely don’t own your home for the 30 years you pay your mortgage

@debbieframpton3857 4 месяца назад

I took a 30-year loan and paid it off in 14 years I'd rather pay my real estate taxes maintenance and homeowners insurance over paying rent

@EngineerInMotion 8 месяцев назад

I know the target audience is mostly US residents but this same problem is much much worse in Canada and Australia. I have low 6 figure job in Canada and I'm years aways from being able to comfortably owning a house. Wheras, my salary and downpayment savings could easily allow me to buy a house in most Metropolitan cities in the US. Excluding the obvs LA, NY, Boston, etc

@jk-gb4et 8 месяцев назад

did you account for AUD/CAD vs USD

@EngineerInMotion 8 месяцев назад

@@jk-gb4et yup

@jk-gb4et 8 месяцев назад

@@EngineerInMotion what keeps you in canada just curious?

@EngineerInMotion 8 месяцев назад

@@jk-gb4et family, free healthcare. With the exception of real estate, it's a better place to live compared to US imo, no gun violence, etc. Idk, I feel like in America ur two or three major medical procedures away from being bankrupt. And one thing that people don't generally take into account is that Canada has way better retirement and other registered investment accounts. We have much better versions of 401k and Roth Ira and a few other tax advantage/deferred accounts. If people take advantage of these accounts, theyd be much better off in retirement compared to ppl with similar incomes in the US

@jk-gb4et 8 месяцев назад

@@EngineerInMotion I'm also from Canada but i'm just a kid that was interesting I didn't know any of this

@Hanifmakojia 8 месяцев назад

This all has to do with greed. Corporations buying up all the house for cash. Normal home buyer has no chance outbidding them.

@ret4kind 8 месяцев назад

The Federal Reserve is sitting on $2 trillion in MBS. That corporation has a name and his name is Jerome Powell.

@billbradley5296 8 месяцев назад

💯 correct!

@silversmoke4902 8 месяцев назад

Nah it's all because we restrict housing supply. That's why corporations buy houses - because building them is so fkin impossible that it makes financial sense to hoard the little supply available. More houses, profitability goes down, corporations sell the houses because it's not a good investment anymore. Because housing shouldn't be an investment!! It's literally a commodity

@tpmiranda 8 месяцев назад

It's like this everywhere in the world. Except most of us is looking for a home as a necessity to live, not as a form of investment.

@gustavoherreralazo1475 8 месяцев назад

I just gonna say that, everywhere in the world, buying a house is sooooo expensive

@genybr 8 месяцев назад

Well, in Moscow it made in another approach. Developers sells only 30-35% of flats in "human hive" and then sells 1-2-4 flats from whole building. I.e. from 250+ flats 70-80 are sold out, up to 10 on sale and 160+ are off the market to keep prices as high as possible, i.e. it overpriced for ~3 times.

@anirudhnarla4711 8 месяцев назад

Its the opposite in japan though

@ecognitio9605 8 месяцев назад

Not true in China and Japan, were houses have become cheaper over time.

@noninfluencial 8 месяцев назад

Governments be like: 🤔The whole of society needs a house? Let's consider that an individual responsibility! 😀😀

@sabrogaming4602 3 месяца назад

I made the mistake of not buying land as a newborn in 1998, smh all I did was sleep

@MarkLeonard-xn8zs 5 месяцев назад

Because so many people overpaid for homes during a period when interest rates were low, I believe there will be a housing crisis because these people are in debt. If housing prices continue to fall and, for whatever reason, they can no longer afford the house and it goes into foreclosure, they will have no equity because they will not make any money if they sell. I feel that many people will be affected by this, especially given the predicted mass layoffs and fast rising living costs.

@EleanorShaw-od9dj 5 месяцев назад

I recommend investing in shares to balance out your real estate assets. Even the toughest recessions can give wonderful purchasing opportunities if you are prudent. Furthermore, volatility can create wonderful short-term buy and sell opportunities. Although this is not financial advise, you should buy right now because money isn't king right now!

@VictoriaWood-uc6mp 4 месяца назад

You are correct. With the help of an investing coach, I was able to diversify my 450K portfolio across markets, and I was able to create a little over $830K in net profit by using high dividend yield stocks, ETFs, and bonds.

@JackMark-th1bg 4 месяца назад

Would you mind sharing some information on the adviser who assisted you? Since the age of 18, I've been saving for a pension through a company program. As I became more taxed, I enhanced my workplace pension with a SIPP (tax advantages). I'm now 50 and would like to aggressively grow my wealth; there are a couple cars I still want to drive and mega-vacations I still want to take

@VictoriaWood-uc6mp 4 месяца назад

Her name is Melissa Terri Swaynes can't divulge much. Most likely, the internet should have her basic info, you can research if you like

@DavidLuiz-nd3dn 4 месяца назад

Thank you for sharing; I will need all the help I can get because I recently sold some of my assets in order to invest in the stock market.

@jonathanoneill9200 8 месяцев назад

It’s almost as ridiculous as Australia. In the 70s you could buy a 3 bedroom home in the inner suburbs of Sydney or Melbourne for about $30,000. Now they are worth over $2 million.

@JVR2019 8 месяцев назад

The situation is a general indication of greed amongst groups of people. "I want way more than I put in, for the same thing" is an idea driven by entitlement and narcissism. And these are the people that designed economics, to favour themselves.

@samsonsoturian6013 8 месяцев назад

It's a growing city. It's not the house, it's the land

@simel1984 8 месяцев назад

A lot more people now want to live in that place. You want to drive home prices down? Teardown that suburb of single family homes and build several skyscrapers. One such building can house the same amount of people as a small town. You can't get lots of space, low prices and central location, you can chose up to two of them.

@emptyhad2571 8 месяцев назад

Say on god.

@noninfluencial 8 месяцев назад

The "free market" at work...

@cameron.rapata 7 месяцев назад

Plot twist: it was a plug for mutual funds all along.

@jujubees711 3 месяца назад

Interest rates were low during the pandemic. But corporations took advantage of it and went on a spending spree. Government increased interest rates to help lower inflation. Government needs to step in and also stop corporations from buying and taking homes out of the hands of Americans. Corporations buying all the homes and jacking up prices is what created this mess too.

@mateusgreenwood1096 29 дней назад

The average house costs half a million dollars + interests, the average college graduate earns 75k yearly while being up the neck in debt from earning the degree in the first place... I'm surprised the homeless rates aren't higher.

@TricaGamer 8 месяцев назад

Because people profit of others suffering, capitalism needs to end, rentism needs to end

@breezyashell 8 месяцев назад

we have enough homes to house everyone.. we just made the absurd decision to make it a commodity a few hundred years ago, and now are paying the price

@jonathan248 8 месяцев назад

lol

@silversmoke4902 8 месяцев назад

@@breezyashell We literally do not have enough houses. That's the whole issue. We make it impossible to build them so we cannot create enough supply to meet the demand. Look at population growth vs house building vs house prices over time and you'll instantly realise the solution is to build more houses

@styckykeys2200 8 месяцев назад

Houses are a ticket to build wealth... from other middle class people. Every dollar a house is sold for is one it's bought for. Nothing but a shell game of money. The more people who play the shell game, the worse it gets for people trying to actually LIVE in the home instead of invest

@Smoothie--oy8ri 8 месяцев назад

Downvoted. Half of this video was an advertisement, and the other half described THAT housing is expensive while doing very little to explain WHY housing is so expensive.

@truthiscensored 6 месяцев назад

Real Estate Value being more than you bought it is a scam. One reason: When you sell your house you want be able to find another one for the price you previous bought it. You will most likely have to pay the price you sold the house for or a higher price. So did you really profit from it? My parents bought a house in California in 1970 for $15,000...Today it worth $500,000+...If they sell it and want to buy another they will never find another house in California for $15,000. They would have buy another house for $500k and up. Yea on paper that house value rose $485,000, but that isn't profit. It is an illusion

@NationalDevelop 3 месяца назад

You have to take leverage into consideration. If they bought it for $15k at a 10% down payment they put down $1,500 - now for a $500k house they would have to put down $5,000. They sold the house for $500k so there is a significant gain although the debt would start again (so it would be wise to invest the remaining profit)

@KingStixGaming 6 месяцев назад

money doesn't lose value over time, fiat loses value over time

@Jueen_ 8 месяцев назад

I bought a car from a real estate agent back in 2021, and he said back then to me (21 at the time) that the way the market is going; my generation literally won’t be able to afford a house unless we manage to get rich

@TyEats2200 8 месяцев назад

In my case the only home I'll ever own is the one my parents pass on to me. I'm stuck here and will be here until that day comes. So many people dont even have that luxury either. It's bad.

@kreasu 8 месяцев назад

Unfortunately people living longer and longer my parents will pass it on to me when they’re 130

@aceman0000099 8 месяцев назад

I can afford to buy an apartment, later on I'll sell it so I can afford a house. I feel like people don't realise that's possible

@TyEats2200 8 месяцев назад

@@aceman0000099 I live in Canada, to buy an apartment where I live starts at 300-400k.

@superblondeDotOrg 8 месяцев назад

You should not have bought that car, you should have bought a van, and you would live a comfortable vanlife forever.

@urrealdad76 8 месяцев назад

Housing is a necessity not an investment.

@andyguzman6232 2 месяца назад

Something everyone is forgetting to mention is that homes shouldn’t be an investment to begin with , it’s a necessity , the moment you turn them into an investment they stop being affordable and the prices are intentionally driven up

@tmoosy 8 месяцев назад

As others have mentioned: rent is more expensive than a mortgage for a property of lesser quality. On top of that, a house would take the place of an investment and rent... good luck paying rent and investing at the same time

@doujinflip 8 месяцев назад

Problem with mortgages is that you need money (for the down payment) in order to save money. Plus confidence that your career will remain within commuting distance of said home the whole time.

@mark.harvey 8 месяцев назад

Of course rent is more. It covers a lot more. You're prepaying all maintenance on the rental unit: water heaters, washing machines, plumbing, roofs, landscaping, etc. And yes there is some profit for the owner, but that is negligible compared to all the other stuff.

@willblack8575 8 месяцев назад

thats why you have a family for help...@@doujinflip

@NightSociety 8 месяцев назад

@@FlowerCity585it depends, many regions rent and buy no difference with all the costs adding up. In shortage areas, which is most nowadays, buy is better if can, a form of rent control and control your own destiny rather owner kick you out at anytime if the property value goes up and they want to sell it. You'll be homeless no time to find new rental and over hundred applicants applying for the same vacant rental as you are. Rental agencies collect credit check fees $50-100+ per applicant and do it again every month making money and not renting to anyone.

@MrDisgruntledGamer1 8 месяцев назад

i think you meant to stop at "good luck paying rent"...... that alone is killing us

@Michelleyoung-dq3zc 8 месяцев назад

You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life

@BiedenkappPatrick 8 месяцев назад

You're right, but a lot of people remain poor due to ignorance.

@Michelleyoung-dq3zc 8 месяцев назад

Not because of ignorance, It's because of the high rate of unprofessionalism in the crypto market.

@Michelleyoung-dq3zc 8 месяцев назад

As a beginner investor, it's essential for you to have a mentor to keep you accountable . Myself I'm guided by Mrs Olivia Brown, a widely known crypto consultant

@Michelleyoung-dq3zc 8 месяцев назад

That's right, you need an experienced trader to make good profits trading cryptocurrencies

@Michelleyoung-dq3zc 8 месяцев назад

I will recommend my current trader Mrs Olivia Brown, she is from USA and her strategies are earning a lot of profit for me

@chrisoconnell8432 8 месяцев назад

The biggest difference between investing in a house vs stocks (for example), is in order to buy $200,000 of stock you need $200,000. In order to buy a $200k house you need between $10k - $40k and can finance the rest. Try getting a $160k loan to buy stock, won't happen unless you got millions in cash in the back already. But as that house appreciates in values, its appreciating on its $200k value, not the $10k-$40k you spend. So the return on investment is way higher with a house.

@harveylin3548 8 месяцев назад

Stock is a better investment long term. I had a mutual fund investment during this period, it went up 100% without me doing any work and paying only 35 bucks a year as a fee in six years. Meanwhile the house I bought has barely went up in value, only using as an actual residence not an investment.

@chrisoconnell8432 8 месяцев назад

@@harveylin3548 Certainly it depends on where the house is located. Personally I bought a house in Phoenix 10 years ago and its more then doubled in value since. My mortgage is $1150/month but I'm renting it out for $1700/month. Sounds like a pretty good investment to me.

@Fear.of.the.Dark. 8 месяцев назад

stocks dont have any maintenance costs either. There is no $20k roof repair cost on a 10 year old stock.

@brianfunt2619 7 месяцев назад

You also have to pay interest on the mortgage

@harveylin3548 7 месяцев назад

@@brianfunt2619 Not that much for my condo either. My total is cheaper than renting this place in a similar place. Not to mention the benefit of doing whatever I want in my own home.

@nelsoncopo7529 6 месяцев назад

I still believe a house to be the safest investment option for the average joe. 1. Its tangible 2. U can sub lease space within for cashflow 3. It goes up in value naturally with time 4. U can force equity in it with renovations 5. U can live in it 6. Tax breaks Etc.

@mikekarloff8114 8 месяцев назад

Um, stating the obvious here, but when you state “if you’re looking for long term investments to grow your wealth, a house is not your only option”, . . . how can people afford to put money into other investments if they’re already paying the equivalent of a mortgage payment in rent each month? Oh, so renters just have to put away double each month, right? Payment to the landlord AND payment into their stock portfolio. Got it.

@panzer_TZ 8 месяцев назад

They definitely glossed over the fact that during the same period between 2020 and 2022, I was hearing multiple horror stories from friends and family about rents going up hundreds of dollars after every lease renewal. Trendy places like Austin were hit hard; I remember people complaining about the skyrocketing rent in Austin on social media. Heck, the apartment that I got when I first moved to North Dallas in 2021 for $1300/month is now over $1800/month.

@personzorz 8 месяцев назад

that is not different from a mortgage holder

@mikekarloff8114 8 месяцев назад

@@personzorz well, except, each mortgage payment in its own way (interest aside of course) is a deposit into an investment, (as opposed to lighting it on fire to a landlord). I’ve owned for 20 years, sold the 1st house to buy the 2nd, and will be mortgage free in another 5. My friends who are the same age I was 20 years ago don’t seem to have any hope of ever getting even the “starter” homes on the market, and will they still be paying rent to some landlord 20-30 years from now? yup, probably. And their rent payments are far and above what I’ve ever paid in my monthly mortgage payments, + property taxes and upkeep (including new roof, furnace, etc.) I feel sad for my young millennial friends and Gen Z kids.

@arothmanmusic 8 месяцев назад

I think the piece you're missing is that the person who is paying the rent never had to plop 20% of the home price plus bank and realtors fees down, nor are they paying for any unexpected upgrades and repairs. If you don't have extra money after paying your rent, you definitely wouldn't have any extra money after paying a mortgage either. What their suggesting is that if you're just trying to build your wealth, putting money away in an investment is currently a better deal than trying to save up for a house. If you don't have money to do either, then it doesn't matter.

@noninfluencial 8 месяцев назад

That's what financial literacy is, or something.

@fifthgear2130 7 месяцев назад

I agree we need more jobs in America so that companies have to compete more for their employees thus raising salaries, but one factor that these docs leave out is that yes the average house cost $20,000 in the 50's (inflated to about $200,000 today) however the houses in that time period were small usually a two bedroom 950sq foot home. The average American house today is almost three times it's size at 2,500 sq ft.... So if you did the math and multiplied the $200,000 by 2.5 you'd get a just about the average cost of a house in America at $500,000. I've seen this overlooked in countless reports and documentaries. The problem also arises from our societies constant need to overindulge, myself included.

@Mjsnananbbsie737 3 месяца назад

I had a friend that ran for office, he wanted to do something about housing his suggestion was starter homes so people would be first time home buyers and they would be able to upgrade to bigger homes, they ignored his suggestion completely without much thought and told him we make so much more money from gigantic apartment units. The answer is greed.

@YonnyJD 8 месяцев назад

One part of the equation that this video ignored entirely is how sky high rent makes it difficult to save a down payment for a home.

@adamt195 8 месяцев назад

@@aaronkerrigan241 Working 120hr weeks to make small progress in climbing the ladder is not the brag you think it is.

@Falcon_Lord 8 месяцев назад

Yeah, let me just keep throwing away my rent money each month instead of building equity then tell me it’s not my only option for investment.

@ionutsaviuc94 8 месяцев назад

if only US was the case ,but this is a global phenomenon , every price skyrocketted while wages did not

@jaspertuin2073 8 месяцев назад

Capitalism coughing up it's last breath I hope

@Anonymous-dh4id 8 месяцев назад

@@jaspertuin2073Communism and socialism is much better! 😂

@moosesandmeese969 8 месяцев назад

It's not really global, just in western countries, and even then not necessarily all of them. Japan doesn't have such a problem because they build enough.

@redda2 8 месяцев назад

@@Anonymous-dh4id Capitalism just rewards people holding assets while not producing for society. Good for the rich only

@thomasgrabkowski8283 8 месяцев назад

@@moosesandmeese969Japan used to have that problem too-until their economy stagnated and their population started declining

@SuperMario_1991 4 месяца назад

I lucked out in purchasing a home back in 2020 when the market interest rate was at a low 2-3%. Now my home value is up half its value. Got to say I dodged a bullet.

@NS-xt5wv 8 месяцев назад

The problem is that we as a general population agree to lower wages. Our salaries must be way way way higher, hence the gap between uber wealthy and middle class.

@jaridkeen123 8 месяцев назад

I bought land and built my own Off-Grid house. I have no Bills, no Morgage Bill, No Electric Bill, No Water Bill, No Sewer or Trash bills, No Food Bills. Living Sustainably is the best way to live. I used to be so stressed on how i would pay the bills. Now i can quit my job for a year or two at a time and travel the world. Then come back and get a new job for a few months and save all the money

@noninfluencial 8 месяцев назад

And how much did you inherit from your family, hmm? How about loans, how much did they loan you? Your life is not real.

@lilikoimahalo 8 месяцев назад

how can you have no food bills, you cant produce everything

@MrLJGames 8 месяцев назад

The exact reason why I stopped watching Vox, terrible reporting. - No discussion of private equity in the market - How Banks refuse to sell and hold onto property(s) for years to create more demand. - No discussion of how only homes that price out the market are being built. - No coverage of how when people are priced out in the market they have to live out of there cars for years. Good bye Vox, glad I made the right choice. Pitiful.

@pest174 8 месяцев назад

Agreed.

@jasenbertrand 18 дней назад

The value of a home should only increase when there's proper maintenance and repair, if you let rot by not investing back into it, there should be no extra value

@DarkStrobeLight 8 месяцев назад

I made it half way through without realizing it was a commercial :(

@2012Zyle 8 месяцев назад

You never mentioned the most important part: monthly payments. Rent payments are a loss of income. Mortgage payments pay off a loan.

@arothmanmusic 8 месяцев назад

You aren't losing money when you rent… you're spending the money on a place to live. You're not losing money by renting any more than you're losing money by grocery shopping. When you own you are also putting money into maintaining and upgrading, paying off interest, paying realtor fees, and a bunch of other expenses that you will never see a return on. Buying and renting are two ways of paying for a place to live. Neither of them is a loss if you have a roof over your head.

@tanneranderson8190 8 месяцев назад

@@arothmanmusicthis is just wrong

@noninfluencial 8 месяцев назад

Your rent pays your landlords mortgage.

@marrionberry8848 8 месяцев назад

true. but did you factor in the property taxes, insurance, interest on mortgage, maintenance, utilities and HOA? You add up all these over your financing term it leaves only a small difference between what you paid for your house vs it's actual value.

@marrionberry8848 8 месяцев назад

@@arothmanmusic absolutely agree.

@JohnDaniels 4 месяца назад

It's Called the American Dream Because You Have To Be Asleep to Believe It" - George Carlin.

@jessical6781 5 месяцев назад

I just want somewhere to live and not be scared if I’ll be evicted at any moment.

@Giedyfive 8 месяцев назад

not to mention the hungry investors that have the means to outbid a family by a factor of 2 and then rent it back to them for double of what the mortgage payments would be, now you're keeping less money in your pocket each month for practically the same end goal, living in that house, just that now some greedy investor has gotten in between to collect the profit

@vincentxie3090 7 месяцев назад

One of the biggest facts is that almost every area in the US house prices are currently so expensive like Hawaii, California or Washington even if the US isn't the most expensive country in the world, the median income rate is still very high to own a rental home

@LIETUVIS10STUDIO1 7 месяцев назад

Housing should be a commodity, not an investment. In the past, that was how it was treated. The lower the price - the better.

@joshua6287 7 месяцев назад

The producers conveniently left out the massive artificial population growth (migration) that causes huge demand for housing.

@blueciffer1653 6 месяцев назад

yes people do buy housing and the supply gets lower Joushua. The video already talked about that

@raxjax8787 8 месяцев назад

A Realtor here. The main gist of the issue right now with the housing market is that there is a lack of new constructions of new house being built which is the issue why the supply is low and making the existing home more expensive. That.. and including in the 6-7-8 percent interest rate combined together is what makes it soo expensive and unaffordable. The United States is many years behind when it comes to building new houses to keep up with growing U.S households and people wanting to buy.

@raxjax8787 8 месяцев назад

Force once in a blue moon, it is actually make more sense to rent vs to buy a home right now depends on the cities and states you're at.

@ytgytgy 7 месяцев назад

I've also noticed the only housing being built for the last 10 years are luxury properties.

@DaizyNatalie 6 месяцев назад

I noticed the new construction that is being built are all HUGE homes 2500sq ft and up and very few smaller homes that would be more affordable for 1st time buyers.

@godfathaofyo 6 месяцев назад

mass illegal immigration isn't helping the housing supply issue either.

@Quasoncaviness2 8 месяцев назад

The effects of the downturn are beginning to sink in. People are being impacted by the long-term decline in property prices and the housing market. I recently sold my house in the Sacramento area, and I want to invest my lump-sum profit in the stock market before prices start to rise again. Is now the right moment to buy or not?

@Rachadrian 8 месяцев назад

If you are new to the market, I recommend seeking professional assistance. The most effective approach to creating a well-organized portfolio is to begin with a professional who is knowledgeable about the turbulent yet profitable market.

@Dantursi1 8 месяцев назад

A lot of folks downplay the role of professionals until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for a licensed FA and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. 850k so far.

@cobalius 24 дня назад

it's asurd that we have to pay literally what our entire working live is worth, just to avoid homelessness, frequent loss of all social support and frequent loss of job places.

@JohnDaniels 4 месяца назад

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless." - Thomas Jefferson

@srujangulla9519 8 месяцев назад

Feels like this video is a SECRET commercial in disguise of current US home situation. Learned very little.

@pearsonhsmith 7 месяцев назад

You have to either join the military or make a minimum of $150K (no student loans) to own a home in the US these days. And that's in the lower cost of living states. But yea, housing is an investment but really it's a private nest. Renting has restrictions on how you live, however you don't have to worry about maintenance which is huge for homeownership. Many don't realize, when your AC goes out, you have to shell out $10K for a new one immediately.

@debbieframpton3857 4 месяца назад

I recently bought a name brand new furnace and central air for $6500 paid cash

@TraceyBurks 3 месяца назад

Not if you have a home warranty.

@vietnammg 20 дней назад

In Hanoi, Vietnam. The average YEARLY salary can’t even buy 1m2 (10 square feet) of real estate. You Americans still have it easy

@shanesauby6423 5 месяцев назад

I completely disagree with the conclusion, like many others, of this video. The answer is not investing in other products. The answer is VOTING. The kernel in the very middle of the video points out how zoning constricts and warps the housing market. And those decisions are all made locally, by city councils and zoning boards. So if you care about housing and the housing market, you need to look at who is running locally and how they feel about changing zoning laws so that multi-unit and efficient housing can be built.

@danielbuenrostro 8 месяцев назад

I'm just waiting for the market to crash so I can buy one

@silversmoke4902 8 месяцев назад

It's not going to. There's not enough supply and too much demand. Look at population growth vs house prices vs house building over time and you'll instantly clock that we just need to build more houses and we'll fix the whole issue

@nicholasmorello6370 8 месяцев назад

@@silversmoke4902liability owner detected.