76% of Americans Say it's the WORST Time to Buy a House
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- Опубліковано 12 тра 2024
- A recent Gallup poll shows that 76% of Americans say it's the worst time to buy a house. The CEO of Redfin Greg Kelman recently said that the country is now in a housing recession. People have had enough with the high home prices and mortgage rates. This week we'll discuss why Americans are felling this way.
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Jacqueline "Jackie" Baker
NJ License 1541448
Coldwell Banker Realty
Allendale/Saddle River
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Financial planning is like navigation. If you know where you are and where you want to go, navigation isn't such a great problem. It's when you don't know the two points that it's difficult
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian.
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
I'm surprised that you just mentioned and recommend Mr Brian Nelson. I met him at a conference in 2018 and we have been working together ever since.
We had a contractor look at our home before buying it. BIG MISTAKE! He didn’t find the mold , and the MAJOR foundation issues.
Buy nothing!No car, house,TV,just nothing!
Wait until rates drop, you think buying a house now is hard and expensive??
I’m a new dad, I moved from Tampa to Santa Clara a few years ago and I’m thinking of purchasing a single family home there, 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? Looks like NVDA, TSM and AMD and AVGO are strong buys this week.
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.
well you could put a downpayment on a home and as well diversify as much as you can into Ai, energy and big pharm. stocks like Pfizer and JnJ, ASML, MLM and S&P 500 ETFs.
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 making a whooping $738k in Q4 last year.
I'm an art collector, this is not very new to me but has a nuance to it. Can you assist me? how do I find a fduciary
monica mary strigle, you'll be in luck at this time of year to have a conversation. lady is hot topic in downtown manhattan and you must not be and accredited investor. Just browse.
I live in Utah and I have never seen house prices this high . People are shacking up together because they can't afford rent and buying a house at these prices
I grew up in New England. My military career has taken me all over the world. I retired in Alabama, along the Gulf Coast. Most Military towns will always be hot.
If the average income is $60K then your home price range should be around $150k (Most Americans 80%)
Not only that, but also during the period of "owning" the house. You will be screwed if any of the following happens:
- Home insurance if it goes up in future
- Anything breaks (Roof, plumbing, mold, fix ups, walls, ...etc)
- Property taxes goes up
- HOA prices changes and go up
So risky to "Own" a house. In fact I dont even consider the word "Own" a valid description. More like "Responsible" not owner. Because you dont own shit. They can take your house any day if you stop paying their crap. Their crap can be changed any time in future to knock you out. Like here in FL house insurance doubled. So all "Owners" are screwed now. Even if you do the math right. Still in future they can tweak prices on you.
This is scam. I did not even mention the long list of rules you have to obey from the trash, to the fence, planting a tree in backyard, or add a fence here or there. You have to take permission from the REAL OWNER otherwise they will fine you if not take your property.
Can’t believe she said don’t worry about the rate. You can refinance. This is not fact.
New construction buyers oever the last 3 years are now complaining because the builder was only paying land tax... but the property tax gets jacked up once you buy.
Oh god. This country is a shit show
Ouch, that's rough.
Well somebody’s buying up houses like there’s no tomorrow because as soon as they come up for sale they’re snatched up at over the asking price.
We need to call out the mega investors that loaded up on homes to make big $$$$ for AirBnB, etc profits. Nothing could stop them, they had even cheaper lending overhead than retail buyers. No one stepped up to protect consumers and now we're all in a really bad spot. If this is not addressed with legal action at the Federal level the problem will not get any better. This can last for decades if it remains unregulated.
Great addition to the discussion and insight. I forgot about all of the AirBnB's and vrbos in 'the most attractive and expensive markets' that have also reduced inventory and pushed home prices up.
Its a done deal dude. Instead of complainin about an irreversable problem, you need to look into movin to another country where housing is more affordable.
@@sczr1186
Left the US years ago. The homes were just as either overpriced for the build or infrastructure was severely lacking. It's no fun when you burn through appliances because the electric grid is spotty or no one can buy your home for years because theres just no interest in your property. Everyone sells roses abroad but it's mostly a fantasy.
@@sczr1186lol
The free market lol
The best part about this channel is that it is grounded in reality. No BS.
it's really tough, high interest rates, low inventory, inflation --I'm out
Bought my first townhouse in a smaller ag town forty-five minutes south of San Jose about 25 years ago. I paid over eight percent interest on a VA loan without complaint. I had mediocre credit. By 2005, I almost doubled my money and got a condo close to work and paid way less in interest. It’s never a bad time to get into the market.
@@Thorny_Misanthrope2005 was when housing was in a boom phase . I don’t her you saying 2008 when prices were at an all time high being a good time to buy . If you. Ought in 2008 you were under water for the better part of a decade
76% are right for a change. We sold most of ours in '22 and don't expect to hunt again 'til '26. Buy off- market from a friend of a friend. Ears open!
Rent is not going down.
I am so sick of this housing market. I refuse to look anymore. I was looking in the St. Louis area and they have more than doubled in 2 to 2-1/2 years, for anything that is decent in a decent area. Yet, according to the 'experts', prices have only gone up 5% year to year. I don't get it. There are no more experts. Plus, investors have ruined the housing market. After 2008, the big banks that we all bailed out had a lot of foreclosures and short sales on their books. So, they turned around and sold all of those millions of homes to the very speculators that almost brought the global market crashing down, Wall Street, private equity, hedge funds... I don't know what the stats are but in the Phoenix and Atlanta areas, 1/3rd of all single family homes are owned by investors. This was not the case prior to 2008. Wall Street companies did not own single family homes. Predatory capitalism at its finest. Well done Wall Street! And now you can keep jacking up our rents to make sure that we never save enough to buy! It's the new American way...
I’m on the other side of the river from you in IL and it’s the same here.
@@marisamarino7596 I know. I have looked in Belleville, Fairview Heights, O'Fallon, Shiloh, and Alton. What was going for $250,000 a few years ago, which was on the high side, is now easily in the $400,000's to $500,000's. And taxes in IL are not low. I sure hope buyers know what they are getting into. Plus, just about every house I saw had rotting wood, mildewed eves, old roofs and many weren't updated. A house that I looked at in Belleville was listed for $199,000 back then, sold for $235,000, and then was relisted a few months later for $329,000 and it sold! Nothing had been updated since the 50's. I have stopped looking. I'd go to Mexico but Americans are doing the same thing there and buying up all of the nice homes in popular, safe towns. This will not end well.
Wall St. found they could make more money renting homes than selling paper, I get calls every week from investors want to buy my prop. in Houston, most calls are from out of state
Only 5% yoy (yoy= current year vs. the previous year) because of how much it rose over the past few years. It’s more like 40%+ compared to pre-pandemic.
@@Jcakiiiii @Jcakiiiii Every market is local. I also say decent homes in decent areas. There are a lot of homes in the STL metro area in 'unsafe areas' that are not worth saving. These homes are figured into the broader stats, holding average values down. They don't really go up in value. I am not talking prepandemic. I have looked since Fall of 2021. The market went crazy then and hasn't settled down. Yes, many homes in many areas have more than doubled in price since then. I always look at the Property History to get an idea of past sales prices for the listings I like.
We pulled our house off the market in the PHX area and decided to stay put due to the crazy prices.
I'm in Palm Springs, CA and most of the listings here have price decreases.
I have about 140k save up to buy a house either as a down payment or may be with no mortage anymore who knows what will happen, things are getting so Hard for everybody and sooner or later we will find a break even point
Skip the mortgage and pay off a home. For that price. I did it. Best decision ever
@@nesq4104 i wish doing so, but here in FL every think cost too much and paying off a house isn't a easy step, I will be pending on how things are going thru
The best bet is avoid a 30 year mortgage with the coming silver tsunami. The truth it’s going to take something like 15 years to build up equity a the home selling in the US with Boomers and Gen X getting out raising kids after age 18 puts extreme pressures on the U.S. housing market. You definitely don’t want to buy a home in the wrong demographic area where homeowners is very close to age 50 and up. The potential sell off cycle is far too extreme time wise to build up equity. So many Boomers and Generation X have to combat each other selling after they are in their 50s poses serious challenges ahead for them financially on who will take over these residential properties neighhoods where they exist in high numbers
*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*
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.
YES!!! That's exactly her name (Andrew Louis Stella) so many people have recommended highly about her and am just starting with her 😊from Brisbane Australia🇦🇺
Hello how do you make such monthly?? I'm a born Christian and sometimes I feel so down 🤦♀️of myself because of low finance but I still
believe in God
I'm favoured, $60K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to Ms Angela 😊🎉
I'd be hesitant to get new construction unless it's not in an HOA. I don't trust HOAs.
I started following you because people think im crazy. My close friends. yet they're not realtors. Thank you for providing knowledge. I am waiting on the sidelines.
There are countries that make institutional investmment of housing illegal. And buying second home gets taxed higher and 3rd and more becomes increasingly restrictive. Even buying houses for investing purposes for individuals was illegal whenshortage was severe. It isnt unheard of. As thing are getting ridiculously absurd we need to do something to protect the supply of something that is so essential to living.
You have a great channel. Thank you.
Very informative.
Midwest price outlook is pointing downward, inventory increased while sales still going down. Looks like its completely shifted...
I enjoy your videos, you are smart and informed, I am an agent in the Palm Springs Ca area, and you seem to know your material. Thanks Jackie I really enjoy your videos.
Buying a home is the dumbest thing to do in the current economy. You would not get a better home less than 700k, if you do the math you would pay $49k just on the interest+ $12k taxes+ $3k on insurance= $64k wastage per year as opposed to $30k per year in rent , you will literally save $34k.
Most likely you are getting back 25-35k in deductions on interest and property taxes
@@kevoreilly6557 thanks for the note. However, I could deduct the 64k from my income, still it could only save about 20-23% of 64k which is roughly 15k. How could it save 25-30k?
@@shaanproms2101 Can you move to a city/state where the only decent homes cost less than $700k? That is crazy high and there are many, many, many cities and states where you can purchase a decent (starter) home for half of that.
@@Summerdee223 Hummm... but the best jobs are in the most expensive cities. Investors know this. That is why there are so many institutional investors in hot markets where a lot of people are moving because of job creation, like Phoenix, Las Vegas, Salt Lake City, etc. So, yes, we could all move to rural Kansas but we would have to be work from home. I agree that $700K sounds high. Say the average home in most areas today is $350K. However, an average home is not necessarily a good quality and updated home.
I just bought a new build 4/2 house in central FL for $370K because I want a home, a permanent roof over my head, stability and comfort for my family for the rest of our lives. It’s not a temporary investment. This is for a lifetime. I think if you look at it that way, you don’t care about temporary “savings” in rent.
I had a house fire in December it was a total loss we decided to move instead of rebuilding still looking for a home
Most people don't realize that home prices are not figured into the CPI, the Consumer Price Index, that the Fed uses to determine the rate of inflation. Homes and home improvements are considered 'investments' like stocks and bonds, not monthly living expenses. The Bureau of Labor Statistics or BLS comes up with the monthly inflation indexes used by the FED. The following was pulled from an article describing the change made to the CPI in 1983, where home prices and costs for home improvements were taken out of the CPI (and thus no longer included in the inflation index):
Economists argued that it made more sense to think of homes as capital goods that “produce” housing services. It’s these housing services that actually get consumed. This is easy to see for renters, since the capital good-the home-is owned by the landlord. But economists argued the same principle could be applied to homeowners, who can be thought of as renting their homes from themselves. That’s the approach the BLS has taken since 1983. Instead of collecting data on what homeowners actually spend to buy and maintain their homes, the BLS estimates how much homeowners would have to pay to rent their homes from a hypothetical landlord. This “imputed rent” is used to estimate the inflation rate for owner-occupied housing.
I don't believe in conspiracy theories but it sounds like someone ate a few too many maryjane cookies back in 1983 to me.
Just know that home prices and costs for home improvements, like adding new landscaping or a pool; remodeling a kitchen, bath, or a whole home (even if it is falling apart); repairing termite damage; or putting on a new roof are no longer included in the inflation rate as these are seen as capital investments, not living expenses.
And I am still seeing articles that say that home prices only went up by 5% from 2023 to 2024. What planet do these people live on?
When you refinance you will add that fee to your mortgage which is thousands more in debt. Don’t listen to the realtors as rates are not going to go down anytime soon. They have no reason to care as once you buy that house it is the buyer’s problem and they walk away with their commission.
No the worst time was last summer up to a couple months ago . Homeowners are starting to get a little dose of reality as their home has been on the market for months and there are no buyers
I say I buy I a minivan and go to Arizona and chill until the market calms down
really like your videos! when is your next live?
Not sure rates are coming down, at least in the next year... just as much possibility of a rate HIKE. It'll take a few years for wages to catch up. IMO the only reason we're even talking about this is because we just came off the hottest market since 2004 and went straight into a dead zone. That is a 180-degree shock and realtors thought the good times wouldn't end.
I’m wondering why in CT there is no apartment availability waiting lists are even gone I thought people were fleeing the state
Simply put, if you need a mortgage, its not worth it due to the high interest ratw. If you buy with cash, this market won't affect you and you have a pretty good hedge against the current economy.
I’ve been working in real estate in Columbus, Ohio for 10 years.
During the last 4 years we’ve seen so many buyers waived the inspection and paid the entire appraisal gap while having to show
proof of funds to cover the gap. Then they’re fortunate if they haven’t been beat by a cash offer that closes in one week!
Buyers also routinely allow sellers to live in the home past the closing date paying no rent back anywhere from a few weeks to four months. Then when the sellers finally move out, all heck breaks loose when sellers have left trash, damage and items in the home and won’t transfer over the Nest doorbell system to the new buyers. It’s exhausting! If first time buyers don’t have rich parents to contribute,
they go from home to home, making offers every weekend for months at a time.😢
Had to move, so i decided to buy. Closing Thursday. Planning on refinancing when the rates drop. Wish me luck.
I am looking at Maysville Kentucky
My house is the only property that has sold in my town in the past 4 months. True comps are based on what has sold in past 3-4 months. The town population is 15,000. The appraiser just appraised it exactly at selling price, because he had to. That's how its done when you have no other true comps.
Love the bathrobe! Be comfortable, and flaunt it!
Hiii Young lady. Happy Mother's Day belated. Here in Delray Beach Florida, on Aspen Drive, HOA community a house disorderly for %99 over asking. This is so insane. 😂
Question: My wife and I were wondering what your thoughts might be on Atmore, Alabama? And Molino, Florida? Would you happen to know of a USDA program in either of these towns or perhaps an agent who could help inform? Thank you! Your channel is awesome!!! Very informative!!
As a baby boomer, I purchased muti-units foreclose properties in N.Y.C. during the early 1980s and did very well finanically because of the built in equity. I recommend first buyers go that route if they can, so tenants pay the mortgage and they'll have equity up front.
It's a bad time to buy a house. But as corporations buy up houses sight unseen, with cash, and keep getting richer, it won't get better. It will get much, much worse. These are unprecedented times.
We are DINKs (not by choice). We have 2 homes, both were purchased in 2001. We were looking to sell one and buy a bigger forever home, but that doesn't look like to be the case anymore. On the other hand, we are glad because our mortgages are less than studio rent in some cities and we have good income. But you're correct, it's hard to get over the feelings of FOMO for some people. I know people have mortgages more than $6k a month and one even at $12k a month in San Francisco. How can people sleep at night? So many are so stretched it's not even funny.
Rates they have been high in the 80s, but you take these high rates coupled with these astronomical prices and you don’t have salaries that have skyrocketed to match it and you have priced people out of homes
Yep, I’m a 65 year old Baby Boomer, who has everything tied up in my house and I’m here to stay! We call it Aging In Place!
Sacramento, California
76% are saying that buy a new car is to expensive..but they go and buy another one over and over again 😂😂😂
I think America will eventually become a high percentage of renters “ you will own nothing but be happier” I think it’s going to get crazy
I'm not even worried about the price so much as finding a house to buy lol. We are thinking about moving back from SC(warm and near the beach) to CT, which I know we will regret, but all our friends ad family are still there. Anyways, there are VERY few houses for sale up there and they sell super fast for way over ask right now. Our house here easily doubled in value over the last 4 yrs and we just sold our rental across the street, for more than double what we bought it for 6 yrs ago. Probably wait awhile and see what happens, because this market now is insane.
My landlord - like other highrise landlords in Houston - is definitely taking advantage of interest rates and scarcity. Most of use can qualify to buy but we don't want to pay the high interest rate or haven't found what we want. We have high incomes and cash to put down and it's costly for us to move. So here we are with 15-20 percent rent increases. I'm out - moving whether it's rent or buy. But it's maddening and they are creating a boom/bust cycle in our tower. I know they are doing this because they use RealPage and they need to refi the loan. So I need to suck it up and either rent cheaper or find a house not too overpriced and suck it up on the interest rate. Lovely!
What's the near future going to be like? Will the Fed reduce rates? IDK the whole point in raising rates is to curb inflation. If housing prices don't come down that's inflation staying with us. Right? Someone has to take the hit. It's either curent owners or new buyers.
The future is no more homeownership. Wake up...people are so blind they cannot see what is happening...it is called silent warfare...taking over private ownership without a military takeover, just simply manipulating the masses via the back door....
Some people around me bought homes in the last year and im here saying im good with renting right haha
At the same time, everything is in bubble with mortgages, auto loans, and student students...
Just sold mine
Oh my god, you are such a Debbie (Jackie) downer. I’ve tracked listings and sales for months in my zip code. Houses go on market and sell within 3 weeks. Yes, they are dropping price, but not below market. Our inventory is limited in Austin, but still moving. It’s a Buyers market here. I’m selling and people want to get a deal. Interest rates will fall eventually. But it should never go below 5%. That was a huge mistake. It’s unrealistic. That caused this whole fiasco.
First time home seller here. Is it a good idea to get my own home inspection before selling to know what might be red flag for buyer
Yeah we were planning on moving to a different style house in like 2 years. I don't think that is going to happen. The math doesn't work out at all.
The future is people will rent. You will own nothing and be Happy !
Just like Los Angeles and Chicago New York. Most renters
yes, and the dumbed down population sit idly by why their government pilfers everything they own.
Unaffordable prices are part of this plan
But closings are still happening everyday.
we may never see int. rates at 5% or below again for years, young people are facing bad future in housing
5-6% interest rates in housing is the norm and the recent super low interest rates are what got us into this horrible mess. I would recommend to first time homebuyers to get into a home as soon as they find a reasonable deal in a decent location that they can reasonably afford. Just getting into the "game" will set you on a path to build equity. Yes it is hard, but will likely continue for many years and you might as well lock in and build equity as soon as you can do it without putting yourself in a financial bind.
94 I bought my first home in Houston, int. rate 8.75%, house was built in 1950, 975 sq. ft. old rental house, paid 55K for it, sold it 15 yrs. later for 150K, put 60K into it, and it was nothing but repairs for 15 yrs.
Thank you, for your honesty
You sold in 2009 if my math is right. 2009 was the height of the GFC and housing prices were at a LOW. If you had waited a few more years you would have sold for much, much more. On the other hand if you turned around and bought another home in Houston right after you sold in 2009 you got a good deal and have likely seen your equity double since then. Timing is crucial in real estate.
Military towns will always be hot markets. You can put down roots and buy or be a lifetime renter. There's no right or wrong choice. Make the decision that's best for your family, not for everyone else. Avoid bidding wars, and don't overpay.
Just rent, the landlord has to fix everything and you can just live easy for years, just pay rent.
And if and when prices decline there won't be any money to lend. Rates will remain high.
The democrat private central bank has wrought RUINATION upon our land.
FIRE THE FED. FIRE THE FED.
If I could find a home in Cape May NJ, I’d move back.
😮😊Then is it the best time to sell one?
best buys in TX are in small towns outside big cities
IMO, it's a bad time to buy due to the persistently high mortgage interest rate, not so much house prices (even though they're over-valued/inflated). While I've seen house prices dropping regularly -- even if slowly in the markets *I* am interested in (Colorado Springs for one example) -- I still need the interest rate down a whole lot more before I'll jump.
Fortunately (I guess!), I have a "built-in waiting period" (2 more years) as I need the time to prepare for the mortgage pre-qualification process, so I couldn't buy now anyway even if market conditions were "ideal." However, I DO expect house prices to continue dropping and in said 2 years I also expect the interest rate to be lower as well.
Still, no one knows what the housing market (or auto-market, which I see as almost identical in its insanity) will be like even this year let alone next year, so only time will tell that tale. Personally though, I'm very optimistic.
-- BR
Interest rates are fine where they are. Even 8.5%-9% would be fantastic. Given enough time, everything balances out and trust me, it is far better to buy with a higher rate and a lower price than a lower rate and a higher price. The exact opposite of what is taught.
@@jorge1170xyz Not for me. Thanks...
It will come down. We are in a recession now...soon to be a depression
@@colettespencer3357nonsense
@@jorge1170xyz No, rates aren't fine for me (for reasons atypical of most buyers). Thanks,
-- BR
It should be 90% the least😢!!!!
Hello
SO is renting your house located in a desirable area for rentals a good strategy for passive income to buy your next home in this market?
Hi Jackie, what is the name of your podcast?
First time home buyer here… and yikes!! Been looking a long time.
I like to refer to that rivalry as real jersey vs north jersey 😊
haha!
lol
Something I don't understand. If your entire retirement savings went into your home you can't spend that without selling it. So everything else is paid for by social security? Social Security benefits can't cover everything else, especially if you haven't paid off your mortage. Oh! I hope people are planning on home equity loans to pay for expenses in retirement. Reverse mortages???
That is why many people downsize in retirement (to free up some of the equity and because they no longer want or need the larger home expenses and upkeep). Some also sell several years after retirement and use the funds to pay for a senior living type situation. And yes, some do reverse mortgages.
Also, you always want/need to put some of your earnings toward retirement whether you own or rent. This should be part of the decision when figuring out a budget for a home purchase. It is extremely hard right now with home prices, but it can and must be done.
Tenn is booming because are the new data centers that need to built and they have space
Obviously.
Hello, from Loganville, Ga (45 min outside of Atlanta)
40 and under community. How would that work? Do you have to sell your house and move out when you turn 41? LOL FYI, I have a feeling this would be illegal and considered age discrimination. Discriminating against those 40 and over is illegal in the US for employment and would likely be the same in housing.
my name is Mark Armstrong Baker.
Vote. Credit is bad people a re maxing out cc. Economy is bad. Please. Grocery has gone up 40 percent . I could go on but I’ll shut up.
I'm voting to save Democracy. I'll shut up.
Everyone loves the new immigrants but nobody ever seems to have figured out they have to live somewhere. POOF went what few cheap houses are left in the entry level. Future in the US looks an awful lot like what exists in Canada today. We are probably 3 years to get where they are today
Wali Siddiqui from los Angeles. Home prices are so high and people can’t afford home. Where this money in coming from Jackie
oohhhh. POOR RICH 180K COUPLE! WA WA. AT LEAST YOU GET THE CHANCE RICH PEOPLE. TRYING BEING POOR!
I'm sure they work their tails off for that money. Improve yourself, don't live on jealousy. That's hard earned money- not trust fund.
Doing the opposite of what everyone else does usually works out for the best. Buy the home now if you’re able.
Works with stocks, not with shelter.
Joe K said something very funny and interesting. Creating 40 and under communitees so millenials won't be underbid by boomers. LOL. Would that be legal? LOL.
Hahaha right? I loved that suggestion
No, it would not be legal....unless congress somehow passed new legislation. More likely they will pass something to give first time homebuyers a leg up. They already have programs in place (FHA loans and others) and are discussing additional things for first time buyers as well as incentives for people to sell homes that would qualify as "starter" homes.
Sure we can call it young-lining. I'm sure that won't be a problem 😂
excuse me. millenials and gen x. people like me waiting longer than you and worked earned it more
So, 24% need to brush up on their history and math.
Really? What about during the early 80s when we had double digit interest rates? How about 2005 just before the bubble bursting? Think you are just clickbait. Happy fearmongering!
I’m favored financially with Bitcoin ETFs approval, Thank you buddy. $12,000 monthly profit regardless of how bad it gets on the economy.
Same here, I believe the Bitcoin ETFs approval will be life changing opportunity for us, with my current portfolio made from my investments with my personal financial advisor 1 totally agree with you
YES!!! That’s exactly her name (Audrey Lauren ) so many people have recommended highly about her from Iowa
I’m a long term investor, I withdrew my profits of over $61,000 during the COVID 19 pandemic ….
She is my family’ personal Broker and also a personal Broker to many families in the United States, she is a licensed broker and a FINRA AGENT in the United States…
A lot of people still make massive profit from the crypto market, all you really need is a relevant information and some < professional advice. ‹ it's totally inappropriate for investors to hang on while suffering from dip during significant
Don't forget SPAM!
It’s going to hell. Plz vote.
why is it still a hot market...because the federal reserve note is doomed, plain and simple
Basic supply economics. Demand is far greater than supply.
@@Summerdee223 yes but who is making the demand? Cash is King. The new home buyer is priced out by the interest rate not the price of the house. What is driving the interest rate? Inflation which is a symptom of a failing money systems. Look at auto sales. Dealers are drowning in new unsold vehicles. Repos are climbing fast Its all collapsing on itself. Oh I know we have been here before. But they were always able to create a financial bubble to shore up the dollar. Aint gonna happen this time. There is only one move left. Print more dollars. And that is is the end of middle America.
80k live on 30. save 50 + 50 ect. Oohh poor 180 couple. live on 30. 150 saved per year. 150 + 150 ect. million dollar rich boooo hooo
Good for you! it's not what you make, it's what you keep. Live below your means and save and invest for the future regardless of your income.
cool. but I'm guessing you don't live. in NY/NJ. LOL
ohhh poor millenial no different than anybody else. doesnt matter your age. you work you can save just like rest own or not. but what is your income? even a factory line at someplace like gm getting 80 a year. YOUR RICH.
you're.
Sell high Buy higher
again. POOR 150K RIICCCCHH. MAN. YOU DONT KNOW NOTNING ABOUT REAL LIFE. I WOULD HAVE A MILLION ON SAVING ALONE