Zillow: New Homebuyers Are Going BROKE 

I know this FA, Abby Joseph Cohen Services but only by her reputation of being a former employee at Goldman Sachs; even though she's now involved in managing portfolios and providing investmnt guidance to clients. I have been trying to get in contact since I watched her interview on WSJ last month

How can i reach her, if you don't mind me asking?

​@@KimJimCastro Well her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Abby Joseph Cohen. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, she was able to scale this quickly to $150,000.

I love people with their initial doubts about the prospects of financial advisors like Abby Joseph Cohen in business/markets today. Gives me more time to get ahead while they stew in their own pity and doubts as they childishly complain about those spreading the word

750k is still over priced I rather buy land and build than pay that kind of money for a house. only go above 400k if have a large family. 100-200k max for solo and 200-300k with a small family wife. anything above that is build your own house territory or the wages better pay enough for the house by itself not dumping down payment for over priced shit.

Yep totally agree! That’s why I bought my 2nd property in San Diego of August 2022 for 685k with rate of 4.375. Now the property current value is 895k. In LESS than 2 years I’m already up over 30% in equity. No reason to sell because I’m cash flowing on 2 ADUs studio and I already made over 90k in rental cash flow which covers my monthly mortgage. Not to mention my rate is freaking low and I consider it as asset.

I feel sorry for 1st time homebuyer who were never able to afford it to start. I don’t feel sorry for 1st time home buyers who were able to afford it but choose to wait thinking market is crashing and now priced out

*Leah* *Foster* *Alderman*

I don't panic because my financial analyst is professional she helps me adopt an investor mindset and only purchases properties with strong cash flows in desirable neighborhoods.

Great review on her when i search, but that doesn't mean we can't complain about the Socio-Economic condition of the City, State, or Country we live in.

Look. It’s super frustrating. All my friends had down payments on homes from their helicopter parents. While I was working full time, earning a few degrees, paying those degrees off, buying my own cars, etc. Fast forward in the future. I make 3x to 5x compared to all of those friends. I’m no genius. I was just forced to work hard. Sometimes things are a blessing if get my drift…. Keep your head up man.

Same. Friends got help before 2020. Now they own multiple properties and I can barely even afford my first Also it's pretty uncommon. That's only like 2 friends out of like 20

Same bro had to save 50 percent of my pay for 5 years to do this while living at home tho.

Hey, you guys are blessed. The original commenter stated that “ all of my friends have had help yet I make more money…”. That’s the American dream. It has little to do with a “birth lottery”😂 In fact, many children who grow up with a silver spoon/helicopter parent, never mature. They are often unfulfilled, unskilled, unhappy with their place in life. When one works hard and accomplishes their goal, they become much stronger and smarter. It’s called experience, and rich kids often loose out on much of that when they are given so much.

@@HarrisonCountyStudio Well said. 👍

Waking up every 14th of each month to $210,000 it’s a blessing to I and my family… Big gratitude to Andrew Stella 🙌

Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?

Same, I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Andrew Louis Stella, has been an amazing experience.

Good day all👍🏻 from Australia 🇦🇺. I have read a lot of posts that people are very happy with the financial guidance she is giving them ! What way can I get to her exactly ?

She's always active on Whats~App... 🎉

Linda Wilburn program is widely available online.

I appreciate the professionalism and dedication of the team behind Linda’s trade signal service.

Trading with an expert is the best strategy for beginners and busy investor s who have little or no time to monitor their trades.

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.

It was quite challenging to understand the different trends on my own until i found out about Wilburn. Trading made easy.

That's awesome, brother. I lived in chula vista in the 70s. Now I'm in the midwest with 3 sfr rentals.

Did I read correctly that your combined income is over $300k and you can’t afford a house or to rent?

@@iddddaduncan not yet as she is about to start her new job. What’s more important is the take home pay. We get taxed high in NJ and we both contribute to our retirements almost to the full max which everyone should do. We could rent now and it wouldn’t hurt us financially if it’s no more than $2k a month but we don’t want to be committed to a 1 year lease if we are actively looking for a house. Mortgages here with 10% down are almost $5k a month including PITI which makes it very unaffordable for most people here. We are just hopeful that the fall/winter market might relax here a bit

@@daniel.a1010 Well good luck, I moved from NJ 30yrs ago because I had a feeling things would get worse but my sister stayed and her property taxes are $14k a year, don't know how anybody can do it?

It’s interesting that you can count how much you banked on the house between 2015 and 2020, but the money you put into it before that is “countless.” Was it more than the $100k that you “banked”? How much time did you give up working on it, that would’ve earned more elsewhere? How much would those “countless” Dollars have earned had they been put somewhere else? More than $100k?

@@GrantDWilliams82 Good questions. While I lived in that house between 2000 and 2015 I never thought to keep a tally on how much I bought in supplies. I was upgrading as I had the money for it. I literally remodeled every single room right down to the studs, windows and flooring and I had it all finished in around 2010. I would wager a guess I worked 8 hours a week doing that but it came in lumps. Some weeks was probably 8 hours a day. After that I went hard at the mortgage to get it paid off in 2015. Once I had it paid off I just saved money. All in all, without knowing the true cost of the improvements, there is no way it was less than 45k that I profited off the sale of the home so yes, I probably would have been better off investing that money. Owning a house is a journey and the little bits of knowledge along the way that you learn is valuable.

I just spent $150,000 on medical care due to moving into 7116 W Lake Dr West Palm Beach. I may never fully recover. I’ll deal with greed rather than toxic mold mycotoxins in my brain. I should just get a tiny house. Bought land.

Dude, I hate to break it to you but prices are not going to be coming down. These RU-vid talking heads often don't know what they are yapping about... it's simple supply and demand. There is no supply (in places where people want to live) and growing demand - that means prices are likely to continue to rise for quite some time. The smart move is to get the cheapest rental (or a mobile home) and save every penny you can muster. Watch the market carefully and as soon as you can a decent deal on a starter home with a decent down payment buy it - you'll start gaining equity and as you save more you can move up to a better home. Blowing your money on overpriced rentals is the big mistake people make. There is no recession coming and even IF one did happen, it doesn't change housing supply and demand.

@@mnn1265… says the realtor

@@mnn1265inventory is exploding right now. Sounds like you are the one who doesn’t know.

@@mnn1265 A starter home? Lmfao. Why are you assuming that just because I’ve been renting since 2019 that I’ve never owned (a loan) before? Not everyone who rents does so because they’ve been trying, and trying, and trying to own (a loan) but just haven’t been able to qualify. I could easily qualify for like 50% of all of the houses that exist in America. I could easily put like 30% down. It’s just not a good deal. Mortgage signers are so arrogant. So full of themselves. Be a little more patronizing, why dontcha

That may be true professor-squared, but what if the prices don't come down? Then what? Explain to me how you think prices on housing can possibly come down when there are more people looking for housing than there is housing available? Ignorance is very expensive and I recommend you look at things more objectively and with less of an emotional response. OH, and stop listening to media figures, RU-vidrs, Fox news and other talking heads and do your own critical thinking.

@@mnn1265Prices already coming down in TX and FL realtor. You must be too young to have been a bill-paying adult 2007-2011. Those who fail to learn from history are condemned to repeat it.

@@tobyk5149 You're absolutely right about TX and FL and anywhere else people don't want to live. You can and always have been able to find a great deal on a house in Skid Row... right? No need to be condescending toby, I'm likely at least your age and have been paying bills since the 80's and have done quite well financially thank you. Again, it's supply and demand toby, prices are not going to be falling anytime soon on a place people WANT TO LIVE. TX and FL are cesspools of horrible hot weather, right-wing conservative politics driving people out, corrupt local politics, and a very poor place to invest your money. In fact, very conservative predictions show that people will not be able to live in the Gulf Coast states in a couple decades due to excessive heat so get out while you can! Now, in a place where people really want to live, like CA for example, housing prices continue to go up at a steady pace. Indeed, I've gained a lot of equity yearly since I bought my home - over 100k in the past few years and still climbing. Housing starts just can't compete with demand and it means that many people simply can't afford to live in CA (driving them out to places like TX where they then often regret moving to) which selects for a more wealthy populace. I'm not saying that's a good thing but it does tend to exacerbate the trend and drive prices up further. Indeed, I'm looking at a nice retirement fund when I do sell... Speaking of condemnation, don't make the mistake of investing in those broken southern states! You'll regret it sure as the sun shines in the morning - the future of TX and FL are dismal. Now, if you're not risk averse you can still make some money in a short term investment in TX or FL as long as you understand that in the long term you'll be very sorry if you don't get your money out in time. Remember, you can deny climate change but you cannot deny the consequences of it! Do so at your own peril.

Tell me what the word "low" means when in hyperinflation.

​@@tobyk5149 Was inflation 40% in 2011?

We did the same in 2004. Unfortunately we had to move states in 2009 and ended up losing it, it sat for sale forever because we put the rest of our life savings into it, and couldn't afford two mortgages. The move was unforseen and urgent. We got screwed, but ready to try again soon. As soon as the time is right. And we're dying in that house, I'm NOT moving again.😂

No avocado toast and Starbucks, kids. You see ^

Please don't try and gaslight the younger generations into believing you buying a property was all about "hard work" these are very different times and no amount of "hard work" is going to get a GenZer into the property market.

Just wondering are you protected because it's a VA loan if your property goes into negative equity?

@@Thyalwaysseek Its common for Veterans to get a zero down on $500k homes. If the house cost more than $500k, then you have to put at least 20 percent down of the difference. If your 30 percent or more veteran disability, then all your fees are automatically waived.

cope.

bet we dont feel bad inflation locked u out the house.. u hating from outside the club

Yeah, go ahead and wait for prices to come "down" while the world is flooded with dollars. While Yellen prints 1 TRILLION every 90 days. That money will just go into bonds, right? Lol.

It's called "under water."

Negative equity or under water doesn’t really mean anything if homeowner doesn’t sell during a housing crash which I don’t really see it in next 5 years

@@House_hacker_619 It's different in Australia, if a house falls into negative equity the property owner is required to make a lump sum payment to the bank, sometimes up to $50K or more.

😮

I'm not sure things will ever be perfect but if I was you I'd start doing subdivision analysis right now. Especially if your not buying yet. It gives you the opportunities to understand and track the trends. Sadly you usually need a realtor to access MLS sold comp data

Nope. Raised lower middle class. Parents blue collar and on fixed income. Served in the military and got a VA loan.

later will be house poor, cash poor if purchased 2022-2024

If you buy an extra house and hold it for a few years you can do that. You will need a fixer upper.

Very nice!

Wrong! Use credit cards to pay for regular monthly expenses, like groceries/gas/utilities. Easy to get 5% cash back on these categories. Just pay off in full every month like you would if you were writing checks/auto-debiting for regular monthly bills. Plus, use the Sign-Up Bonuses to further reduce monthly expenses.

The article that Travis is reading is "back engineering" the figures. It starts with what monthly mortgage payment an average income person/couple can afford with today's prevailing mortgage interest rates (also assumes there is -0- debt so buyer can afford maximum payment). It's not clear if that calculation of monthly mortgage payment also includes Property Insurance, Property Taxes, and PMI Fee. Then it looks at prevailing Listed House Prices in a particular city. 3rd step is to subtract the maximum mortgage amount (based on monthly payment) from the Contracted House Price; that how they reach the needed down payment amount.

@@jeromehenry4484 I see. Thank you for the explanation but wow that's a lot of mathematical gymnastics to come to that conclusion and Travis could try to be less of a shock jock with his delivery cause that particular segment of his market report is absurdly misleading. 😮‍💨