Supply is controlled to create high prices. This has made housing a commodity and not a home where communities are built. This has led to a fragmentation in the American fabric.
It's amazing how many people who are yearning to get into housing quickly become NIMBYs when they finally get in. Zoning needs to change and there has to be some sort of incentive for builders to create more starter homes instead of yet another 4,000sqft, $1m+ unit. The Millennial and Gen Zers are big cohorts and the demand they are creating is not being met by the bureaucratic system that has bottlenecked.
@@vikingspud Every time new inventory is created the price of housing goes up. These buildings are always marketed towards the "luxury" demographic. They built an apartment building behind mine and they're charging 8 million dollars for a 2 bedroom condo. 8 million dollars! We pay 1800 for our one bedroom. This is a huge part of the problem and no one is willing to have an adult conversation about it. We live on the outskirts of a city, but we're not downtown. These people are trying to charge "downtown" prices for not downtown locations. This has started to bleed into the surrounding suburbs, so even if we wanted to leave the area we couldn't. We'd still be paying "city rent" for suburb locations. It's starting to happen everywhere.
@felixthecat2786 That is crazy. You wonder when the demand for such outrageous properties would be dwindle, but obviously we haven't got there yet. If I was a builder, I would also want to build for the most profitable customers. The question is how to incentivize these builders to build properties for us commoners.
The reason why the home prices keep going up is that a lot of the mega corporations have literally bought out blocks of neighborhoods in cities that have the most attractive locations in which they sell them back for literally over asking price to which they know that the new owners will not be able to support the new rates for the new fees that come with the home and eventually they get their home taken away just like 08 and then the process just keeps going around and around so basically it's all just money laundering for the ultra wealthy and the super rich they have the connections to wash their money legally.
They are historically high and the interest rates are putting it ownership out of reach for many. However, the size of the Millennial and Gen Z cohorts is too big, that the overall demand will prevent a big drop. (Even if we all think that there needs to be a big drop).
Supply is controlled to create high prices. This has made housing a commodity and not a home where communities are built. This has led to a fragmentation in the American fabric.
More TINY HOMES would be a start.....
@@tamarazwinak No way big investors caused this by buying up inventories as investment properties and then refusing to lower their prices. /s
It's amazing how many people who are yearning to get into housing quickly become NIMBYs when they finally get in. Zoning needs to change and there has to be some sort of incentive for builders to create more starter homes instead of yet another 4,000sqft, $1m+ unit. The Millennial and Gen Zers are big cohorts and the demand they are creating is not being met by the bureaucratic system that has bottlenecked.
@@vikingspud Every time new inventory is created the price of housing goes up. These buildings are always marketed towards the "luxury" demographic. They built an apartment building behind mine and they're charging 8 million dollars for a 2 bedroom condo.
8 million dollars!
We pay 1800 for our one bedroom.
This is a huge part of the problem and no one is willing to have an adult conversation about it.
We live on the outskirts of a city, but we're not downtown. These people are trying to charge "downtown" prices for not downtown locations. This has started to bleed into the surrounding suburbs, so even if we wanted to leave the area we couldn't. We'd still be paying "city rent" for suburb locations.
It's starting to happen everywhere.
@felixthecat2786 That is crazy. You wonder when the demand for such outrageous properties would be dwindle, but obviously we haven't got there yet.
If I was a builder, I would also want to build for the most profitable customers. The question is how to incentivize these builders to build properties for us commoners.
problem is there are thousands for sale but unaffordable prices
Key Word “THINKS”
A lot of these guys also thought we were getting 6 rate cuts in 2024…..
Or… they could stop printing money to fund the stock market UBI for the rich.
EXACTLY
Lol homebuyers have been waiting for 3 years so you mean to tell me they were waiting since interest rates were in the 2s
The reason why the home prices keep going up is that a lot of the mega corporations have literally bought out blocks of neighborhoods in cities that have the most attractive locations in which they sell them back for literally over asking price to which they know that the new owners will not be able to support the new rates for the new fees that come with the home and eventually they get their home taken away just like 08 and then the process just keeps going around and around so basically it's all just money laundering for the ultra wealthy and the super rich they have the connections to wash their money legally.
Guys, Alemio’s bonuses for early adopters are a nice touch. Locked in my position earlier today.
Housing crash will start in late 2025 and into 2026 maybe even 2027
Unfortunately it's very possible 😅.
Home prices will drop drastically in 2025
They are historically high and the interest rates are putting it ownership out of reach for many. However, the size of the Millennial and Gen Z cohorts is too big, that the overall demand will prevent a big drop. (Even if we all think that there needs to be a big drop).
@@NorthSeaWisdom not a chance. This is all by desihn
Property crash is coming, this guy is talking nonsense 😊
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