Without a doubt, this year will be worse than the last. I lost a lot of money last year as a result of bad investment choices that I would not have made if I hadn't been so worried about my portfolio. I kept investing, but I couldn't determine whether to start paying for a house. In the end, I sold my positions, and the house needed more work than I had planned. I'm not sure how long I can keep going like this
True. My portfolio was diversified across several markets with the help of a financial planner, and were able to achieve over a million in net profit among high dividend yield equities, ETFs, and bonds. It is vital that you have a variety of exposure, including in firms that are currently generating cash flows.
Thanks Mate, the sad truth is that no one has a clue, we all react to what happens as it happens and try to analyse it but can’t predict an iota of what is going to unfold in the markets… content creators are like amplifiers, when times are good they affirm it and try to tell you why it’s good and that it’s looking bullish but then all of a sudden the market turns bearish and everyone affirms it again and try to analyse why… it’s so sad that many are so powerless and it's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 2.3Bitcoin to a decent 19Bitcoin in the space of a few months... I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.
35% under valued compared to what? The 60% Overvalued "comps" in the neighborhood? Your interest rate, Property taxes, Home Insurance, & Maintenance costs will destroy all "Equity" fast.
@@mrscassandrasolanoyes because he’s an investor😂. It’s obvious, I moved out my primary, rent it out and cash flow. As soon I found another house I loved and a cash flow property then bought it. What he’s doing the same thing I did😂
If you pay attention, he means that if for some reason he has to move out of the home, that it could at least pay for itself if he had to rent it out. That's what he's always meant by cashflow. I think some of you just comment and don't actually watch the videos 🤣
Travis, if I would have bought in 2020, houses would have cost, $250,000. Now those same houses are 400k. People keep saying be patient… I have 4 kids and am at my wits end. Idk what to do anymore
If you do buy a house don’t forget to shop for rates. If you find a house had been in listing for over 60 days don’t hesitate to negotiate if it’s been in the market for 6 months I highly suggest you low ball them. You have nothing to lose. My brother in law found a short sale in San Antonio the house was appraised at 400k and he got the house at 300k.
If you kept following youtube channels like this, you must've thought the real estate market was going to crash sometime in the last 4 years . But it just did the opposite .
I wouldn’t buy a house right now. I would wait 3 years before buying in this market. I don’t trust the banks or mortgage companies right now especially after 2008 with subprime loan crisis. I think it is dangerous to buy a house right now.
False unless the local economy can support the prices of the house eg median h income x 3 for the median a t least 1500 sqft the house is over priced and no matter what you say to justify it max is 3x you cannot afford it nor can must in the area. It is far better to let that property rot for all eternity than buy that money pit you will never ever afford.
@@brandoninhofer6592national debt crisis is nothing new and it’s been an issue for century. Are you really going to live in fear all your life? Life is too short to live in fear. I own 2 properties already and one of them is almost paid off. People had been telling me I was crazy or stupid to buy. If I listened to them until now Id still be struggling and a renter
I keep saying 75% Drop across the Board all Properties and Double Digit interest Rates. As long as we continue to see a house as a Speculative asset we will always have issues in the housing Market.
Travis..a house that has a 24 year old roof may have had leaks, hence MOULD!! If anyone buys a house with roof that old, please focus on the attic, ceilings, etc. be SURE this is NO existing Mould. Mould can make you very Sick!!
2 years ago they told us that prices just HAD to go down if rate went up. 10% decrease in price for each 1% increase in rates. Well, that sure didn’t happen. Now we are being told that prices will do down if rates go down? What? If rates go down people will see an increase in buying power, hello bidding wars. When rates go down and people sell they will just be looking to buy another house. Unless rates are cut because of some financial calamity there is very little chance of prices going down.
Rates aren’t going to go down significantly unless unemployment spikes. If unemployment spikes there will be significantly less qualified buyers in the market
No one has a clue. Lastly, you. Each month the average cost of a home nationwide has gone up 5%. I know you want some miserable, desperate homeowner selling his home with 30% equity built in to you. For a guy that dislike, distrust, and speaks so negatively of Zillow, you sure use it quit a bit. Tell me how many times do you access Zillow each day? 1 x, 10x, or 100x ? lol
Unfortunately, others will also see there is 35% equity in the property, and if Travis makes an offer at a 35% discount, another buyer may not be as greedy and may make an offer, which gives him 20% equity. I can only imagine what Travis' family is feeling, as they look for another house to rent and continue the waiting game of finding maximum equity in their home purchase. I wish Travis the best as he, his wife and his children need to all be on the same page as the waiting game continues.
@@MavRick69people had been saying that since 2020 and since then prices have doubled in some areas 😂. Imagine if those people bought in 2020-22. Their rate would have been at 2-4%. What if prices doesn’t drop and rates shoot up at 10 and still no crash
@@DoubleOhSilverI transferred in San Diego in May 2022 and lost to bidding wars on 4 houses. I wasn’t going to pay over 30k over asking. I waited in August because school just started and slowed down the demand. Luckily I found a house I love and cash flow because of 2 ADUs. There was one other offer on the house. The asking price was 679k I offer 685k or 6k over asking and I negotiate for their 5k worth of furniture, with seller paying minor issues from inspection and put the pressure on seller to accept my offer no later that day. They accept my offer. I change the flooring on 2 ADUs studio and install mini kitchen. I was able to rent each ADU studio at 2k to cover my mortgage. Now the house is valued at 895k or 200k / 30% in equity and I already made over 90k in cash flow
Really? How many times have they flipped the last 4 years. You guys say this every week. Get home prices continue to go up. 1 day you might be correct 😂😂😂😂
But Travis if you have been renting the last 4 years..wouldnt that just make whatever discounted house you buy not really a good deal? I mean since you basically threw away 4 years of money to rent that you never get back. At best case it seems like it would have been a wash. This is what confuses me so if you could shed some light on it that would be great. Thanks
I’m already up 30% in less than 2 years. I bought my 2nd house in San Diego in August 2022 for 685k and now its current value is 895k. My next door neighbor just sold their house 2 months ago for 895k. The same square footage and my house has better upgrades. There’s another house a mile from my house is currently listed for 1M.
@@House_hacker_619 In SF East Bay, anything in good shape under 1M, goes in a week. I live in a neighborhood where $2M goes pending in a week. Not sure where the money is coming from but the buyers seem mostly from India.
We had to keep emailing Zillow to take down pictures of the house we bought. They finally did but one month later the pictures were back up and we had to email them again. So now we have to visit the site monthly in order to keep our photos off their site. Zillow is trash and using their Zestimate is completely insane. I hope Zillow goes out of business in the next cycle, they are a bad actor.
I followed him for a year and a half and he kept predicting a crash the whole time. He talked extensively about Texas markets where there is tons of new inventory being built which is not useful for much of the US. Someday he will be right.
The housing market moves slow. Did he give a prediction of a date? He reports data, he's saying it'll start going down in places it's already going down. Hardly even predictions
Travis, how about buy a new home? Builders paying closing costs, offering amazing rates and entertaining negotiations. You’ll get full 1 year warranty, and 10 years on structure. You won’t need to fix anything. You can spend your time making videos and spend quality time with your family. What’s the value of that???!
Not a bad idea in some areas. In our area, new homes have tiny yards while older homes are usually measured in acres. With kids, we take property over new home. In 15 years, the calculation would change.
live in knoxville, been waiting for a correction since start of 2023. Things are definitely starting to cool here. There's lower quality homes in good areas taking 20% off. There's lots of delist relist shennanigans going on too so many don't notice DOM and cut. There's a home we toured thar went from 800k to 600k and still on market... personally wouldn't touch it above 500 given the amount of reno it needs. Things either sell immediately or sit for MONTHs here. As soon as our builders start cutting or marketing more agressively we'll see cuts happen. DR here only 8-10k flex (at best 2.5pts buy down on ~300k house), all homes spec so no design shop creds or if they do it has never come up with my three sales reps lol. Ball, goodall, smithbuilt, worli, testerman, saddlebrook no price cuts I have seen since moving here. I do believe they are doing back of deal incentives though 🤷♂️ Not sure who keeps buying them, pretty sure inbound migration is well below 2022 and 2023 numbers especially from CA, NY
Reading the comments.. Family with kids, life upgrades.. Downgrades.. Prices are out of touch.. Interest rates are crazy.. Insurance cost high.. With homes and CARS!! Food cost high, clothing, utilities.. Home prices much CHANGE! Only scanario I see. It's just a waiting game! It's truly a game!
Im retired and I bought a property 3 months ago. Under value by 10-15%. All cash. Now I have a family member with an affordable place to live, carrying the full cost, and my money is in real estate, not fiat currency. Can it lose value? Yes, but I feel it’s a win, win, win.
Did you just say Spo caan, Oregan? Surprised you didn't say San Di ah go! Alburquerque is a shit hole. Unless you're a drug addict, no one should be moving there.
Rhode Island is not going to decline any percent. None of New England for that matter. Basically the whole northeast with the exception of a couple of very tiny pockets that nobody lives in. No such thing as a house below 400k
A friend told me mortgage companies are buying up homes from each other. Basically like playing hot potato. Not letting the house stay on the market too long. The entire market is a scam and the US Government is complicit allowing it to happen. The government wants debt slaves!!
You are NOT crazy. History has repeatedly shown that what goes up must come down. Most people could not afford their own homes today. We are now in escrow to sell, and we are about to sign a 1 year lease for another home. I agree with you that we are heading into another recession/depression in home prices.. In the past homes had dropped 50%, and we will then buy again...
"More population and less growth" in the current housing market, as compared to previous eras. Great observation, Travis --- another powerful factor that is rarely talked about when the media cites historical stats of the housing market, comparing "then and now." So the current slowdown, therefore, is even more dramatic......
I am in the residential housing market in Phoenix. With all other factors in consideration, what kind of discount do you think could I expect to obtain at a $450,000 list price? My current research suggests 10-25%. Is that reasonable?
Live in the Charlotte NC area. Realtors here are definitely changing their tune. Much more desperation. Houses are being listed way above where they should be and there are delusional sellers. When they close, they are closing at least 100k under asking price and lots of concessions
I’m on my second roof negotiation now. Insurance rate either doubles or it’s deemed uninsurable if the roof is at the end of life. Always have it as a contract contingency to review insurance.
Hey just to let you know Minneapolis is pronounced a little differently than you do it if you start reporting on it. A lot of businesses left Minneapolis after the George Floyd riots and I don’t think it’s the same since for housing and business demand. I would love to see what facts you can report on it though and thanks for all you do!
False unless the local economy can support the prices of the house eg median h income x 3 for the median a t least 1500 sqft the house is over priced and no matter what you say to justify it max is 3x you cannot afford it nor can most in the area
Been screaming new orleans was going to get ugly. Combination of insurance claims, insurance renters after hurricane Ida. Silly residence thinking that short term supply shortage meant rent growth. Not to mention insurance premiums now through the roof. It's only going to get significant worse
@@nealp885 ha ha sold then right before the COVID home price increase so now priced out of the market waiting. I didn’t think the gov would give 2 years forbearance to skip home loan and student loan payments.
@@House_hacker_619 maybe 🤔 or just move out of this country. We are a banana republic anyways, wait until everyone figures out the dollar is over buying power is gone
What means “im not even looking at any houses inless they already have unless they already have 10-15% in equity or rather under the market value , thats wedge.” It means that house should be already lower in the price for 10-15% then average market price based on MLS , ( instead of redfin or Zillow )? PS. Im second language speaker, and sometimes it is hard to understand what you mean.
Wedge is equity. He is talking about what is the house valued in 2019. It’s almost impossible and if you find a property under market it’s more likely fixer. Now if you’re in areas like San Diego or SoCal good luck😂.
Why would you saying you’re looking to buy a house and giving offers when you’re mentioning how bad the real estate is and how the interest rate is in for nobody to buy houses right now it is not the time to buy, but you’re off. They’re trying to buy houses I don’t get it.
He needs to move as his current rental has mold. He would like to move into a permanent house instead of moving to another rental then having to move again. He told this in another video fyi.
Your wife must be nagging you about renting. I know mine does from time to time even though she is very supportive, but you can tell it really bothers her and she lets me know with hints from time to time.
@@prolific1518 What are you even talking about? My wife and I just had our 21th anniversary and are doing better than ever. I think you have misunderstood everything I even meant 🤷🏻♂️
