Stock investment is currently better than real estate because it offers greater liquidity, allowing you to buy and sell quickly. It also requires less initial capital, making it more accessible, and you can easily diversify your portfolio to spread risk. Plus, with technology, managing stock investments has become simpler and more efficient.
Back in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet. in terms of smart investment, i believe the stock market has been really beneficial,especially with the help of a financial adviser.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
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 ‘’Teresa L. Athas’’ for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I just looked up her website on google and I would say she really has an impressive background in investing. I have sent her an email hope she gets back to me soon. Thanks
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"
More immediately than a collapse in the stock or real estate markets, inflation directly impacts people's standard of life. It is hardly surprising that the present market attitude is so negative. If we are to live in this economy, we are in dire need of assistance. ETF and stock markets are still unpredictably volatile, just like the housing market. My $370,000 portfolio has been reduced to rubble.
Most investors can't handle a crash since they are accustomed to bull markets, but if you know where to look and how to get around, you can profit handsomely. It depends on your entry and exit strategy.
In my opinion, it was much easier investing back in the 80s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.
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.
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
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.)
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.
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!
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.
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!!!!!!
I got total loss for US$150,000 in Hong Kong Stock market and my home value in the past few years. So upset that was all my money save since I graduated from university😢
To my own research In USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.
I've remained in touch with a financial analyst since the start of my business. Amid today's dynamic market, the key difficulty is pinpointing the right time to buy or sell when dealing with trending stocks - a seemingly simple task but challenging in reality. My portfolio has grown by more than 5 figures within just a year, and i have entrusted my advisor with the task of determining entry and exit points.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
Finding financial advisors like Carol Vivian Constable who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Carol has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.
My grand parents bought their house in 1950 for 16,000$ 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.
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
@@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.
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.
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.
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.
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 ‘’Sonya Lee Mitchell” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
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.
@@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.
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.
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.
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.
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.
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.
@@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.
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.
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.
@@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.
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!
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.
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 .
@@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.
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.
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.
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
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.
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!
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!
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.
fear a housing crash due to people buying homes above asking prices with little equity. If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.
Consider reallocating from real estate to other reliable investments like stock, crypto or precious metals . Severe recessions offer market buying opportunities with caution, as volatility can yield short-term trading prospects. Not financial advice, but it may be wise to invest, as cash isn't ideal in this period.
Agreed, instead of panic or following a hearsay, I simply adopted the service of an advisor early 2020 amid covid-outbreak, and so far, I've attained my most measurable financial milestone of $900k after subsequent investments.
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 ‘’Sophia Maurine Lanting” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I just looked her up on the internet and found her webpage with her credentials. I wrote her an outlining my financial objectives and planned a call with her.
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?
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.
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!
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.
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..!
If the market crashes, people will still pay less for their mortgage than they would for rent. They just have to stay in their homes. Few who bought before 2022 will go into default. We will likely see a large increase in Chapter 13 bankruptcy, but I think few will simply go into foreclosure.
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.
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.
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.
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.
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.
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!
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.
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..
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.
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.
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.
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.
@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
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.
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.
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?
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.
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?
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.
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.
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.
@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 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.
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.
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.
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.
@@JFitness88 technically that's not the mortgage payment (at least assuming fixed rate mortgage). That is property tax and that is definitely a problem
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
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.
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?
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.
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.
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?
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.
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?
"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
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.
Gertrude Margaret Quinto, 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.
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?
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.
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.
“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.
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.
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 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
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.
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.
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.
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
@@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.
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.
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.
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.
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
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
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.
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 .
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.💯💯💯
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.
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.
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
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.
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.
@@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.
@@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.
Completely forgot to mention the value of leveraging money through a home… those 5% gains in appreciation on a house is on $500k versus 5% gains on $50k of stocks is a big difference. There’s risk, but that’s the big pay off
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
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 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 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.
@@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.
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.
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.
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.
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
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)
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!
@@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
The housing market is inflated and oversaturated with homes being on the market with astronomical price tags just stagnant for months. It is very clear that our generation will be likely one of the most devastating bubble pops in modern history. Seeking best possible ways to grow 250k into $1m+ and get a good house for retirement, I'm 54.
I get such worries too. I'm 56 and retiring early. Already worried of the future and where its headed, especially in terms of finances and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?
In my opinion, it was much easier investing back in the 80s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 3 years to consistently build my portfolio in preparations for retirement.
I've experimented with a few over the past years, but I've stuck with Rebecca Noblett Roberts for about 3 years now, and her performance has been consistently impressive. She's quite known in her field, look her up.
Thank you for sharing, I must say, Rebecca appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call.
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.
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.
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!
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.
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
A really great point that felt a little pushed to the side. “A home is a NECESSITY you buy at great cost” that alone paints a grim picture towards what we as a society just allow to happen to us…
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
"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
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.
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.
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.
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.
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
I sold my home at the peak of the market in April 2022 for double the amount I bought it for in 2014. I invested the money in an S&P 500 index fund and put one years' worth of living expenses into a high-yield savings account earning 4.5% interest. People thought I was nuts to sell my house and go back to renting, but my finances are in order. Plus, I no longer have any home maintenance expenses.
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
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
11 місяців тому+2
I feel like this video didn't explain anything useful in those 10 mins, buying a house is hard because they are priced higher thats obvious and thats what the whole video says and could've been done in 10 seconds of video.
It's fascinating that the New York Times podcast 'The Daily' posted an episode last Friday advising young prospective homebuyers to forgo buying a home (because they can't) in lieu of investing in the stock market or government bonds, and now this video from Vox ends on the exact same note, less than a week later. They both frame homeownership as a financial investment first and foremost, with little or no regard for the stability/peace of mind that comes with (and historically drove the desire for) owning your own home. Speaking only based on my own personal observations, it feels like news media are beginning to normalize the idea that young Americans don't need to be homeowners at all. Not that they don't cover the underlying problems that have led us to this point; they simply don't seem to view those problems with the same (or any!) gravity many young Americans believe they should. But no, they would rather keep putting lipstick on a pig.
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
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.
The fundamental problem is treating a home like an investment. A home is a necessity. And it is the only necessity that we expect it's value to go up as time passes. I think it's fair to say that a home is comparable to things like food, water, healthcare, education, etc. When we buy these things, we don't treat them like an asset. We spend money on them and attain value out of it through other means. But housing is the only necessity with which is expect to make money out of.
You're absolutely right. The expectation of rising home prices is a major factor in the current housing affordability crisis. This expectation incentivizes individuals and corporations to treat housing as an investment rather than a basic necessity. This creates a situation where people are priced out of the market and forced to make difficult choices, such as living in overcrowded or unsafe conditions or spending a disproportionate amount of their income on rent.
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?
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.
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.
Idk who promised that homes will always increase in value. That is not a given but it’s true as long as a fixed resource (land) is there and population (demand) increases.
When demand outpaces supply like in the case of real estate, it's only natural prices are going to continue to go up. Either cities in the west stop with their strict zoning laws or current owners have to sell
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
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.
You need to explore one of those $30K houses from 1972. I lived in one. There was a single bathroom, with one sink. Each of the 3 bedrooms had a closet along half of one wall, none was a "walk-in". The stovetop was 25% of the total counter surface in the room, and it had a cutting board that fit on top of it so you could do prep before you started cooking. Mine had a post-70's upgrade, a microwave oven instead of a vent hood, the baseline was a round vent mounted on the wall above the stove. The house had carpet everywhere except the kitchen and bathroom, where there was linoleum (or sheet vinyl, I'm not sure I know the difference). The kitchen "backsplash" was painted drywall, there was tile above the tub in the shower area. All the fixtures were chrome. The market for these homes today is for tear-downs. What were once "starter homes" are, by today's standards, building lots encumbered by the cost to tear down a worthless building. When "modern styling" moves beyond an open floor plan to luxurious tiled en-suite bathrooms, walk-in closets, and other upgraded finishes you're not talking about the same thing at all.
This is the right take here. The quality of those homes has far outpaced what was available back then. Also, the median home value is extremely skewed due to ridiculous home prices in several metro areas
Yep... my parents bought a brand-new starter house in 1959-- three bedrooms, one bathroom, one car garage, unfinished basement. It was a house just surrounded by dirt, and my parents had to do everything from have a driveway and sidewalks poured to planting grass to planting trees. It was indeed a small home, but they lived there for 55 years.
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
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
One of the problems is hedge funds, and financial firms buying up tons of homes with straight cash, jacking up local housing prices and jacking up rent. It should be illegal for financial investment firms to buy homes.
Hedge funds are statistically insignificant. 10,000 hedgies times an average AUM of 80 million equals 800 billion total value. The GDP of New York City alone is twice that.
I bought my home in 2018. Since the value of the home has increased so much, the property taxes and homeowner's insurance increases have driven the escrow so high that my mortgage payment has increased by more than $500 a month. My previous rent payments were increasing by $5 to $10 per month per year. With the utility costs and upkeep, I'd have been better off staying in my apartment and investing the money.
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.
The best part about owning a home age 30-60 and paying down a 30 year mortgage is that after that, when you retire... You're not having to spend your retirement income on rent. Which by them would at least triple from today's price. 30 year fixed mortgage will only go up slightly with taxes and insurance going up
A home purchase is an emotional and lifestyle decision - not an ideal investment. It's also more subject to risk (damage, theft, etc). But putting a price on peace-of-mind is silly. Most of us want a place to call our own where we can make the decisions.. Not to mention, you don't need to worry about the landlord. Personally, I think you should buy if you can even if it's slightly less advantageous financially than renting.
An important point that's missing from the comparison of a house as an investment vs. the S&P500 is that the house is leveraged and will not have a margin call on it no matter how far its value drops. This makes the house a much more powerful wealth building tool as long as you're okay with its short-term illiquidity. In order to get safe exposure to $500,000 of the S&P500, you need to put up $500,000. right now. In order to get safe exposure to $500,000 of a house, you only need to put up $15,000 and maybe closing costs. This leveraging capability of houses dramatically increases the wealth of those who invest in them.
You have this wrong. Over time, the S&P is a much more powerful wealth creation tool. My friend's grandparents built a house in the bay area for ~$250k in the 60s and it just sold for $4 million. The same money invested into the S&P would have turned into over $80 million. On top of that you get dividends in the market whereas the house has property taxes and maintenance as an expense.
@@JoelPanttila That's true, but the only issue is that people still need a place to live. So for many the question then becomes rent or buy or invest - few people have enough savings to afford a down payment for a mortgage and another down payment to invest. Unless you can live with a relative for free, it's either rent or buy, and at least buying is an investment even if it's not the S&P.
There seems to be many variables that are not discussed here. For example: my wife was raised outside of Chicago, one of 3 kids in an 1100 square foot house. Now the median house size is about 2500 square feet; more than twice the size. Americans love to super size everything. Perhaps what we need are builders who are willing to build 2000 sq/ft homes, 3 BD, 2 bath room homes on modest lots. That would be affordable for many more Americans. Consumers need to adjust thinking as well.
There are plenty of Americans who want starter homes that are small. The problem is builders don't want to build them as they aren't as profitable as bigger builds. This is the result when people try to optimize every little thing including profit.
@kevinsouza7744 If consumers "go along" with whatever builders want to sell, I would agree with you. In the end, more buyers need to demand smaller houses, not move into a trailer. As long as buyers continue to finance bigger and bigger mortgages, there is no incentive for builders to create smaller home options.
Unfortuanately because of low supply builders are going to maximize their profits on each indiviual unit, which means more homes that utilize the maximum footprint on a lot. We've been underbuilding and underapproving builds since the 2008 housing crash, wh8ich feeds this issue. The largest portion of consumers's wants don't matter because the builders only need to take into account the smaller proportion who can afford the larger homes-changing consumer sentiment is needed, but likely we'll also need some kind of government incentives to build those smaller homes to make up profitability gap between a 2,000 sq/ft home and a 3,500 sq/ft home.
@@mattdock7346 Agree completely with your statement. I grew up on the east coast, and one of my relatives lived on Long Island NY. The house they owned was one of the Levitt town houses: small, no basement, small lot. Built for families after WW2. They had 3 kids and lived in the home their entire lives. He was a blue collar worker. I own a home, but I firmly believe home ownership is a cornerstone of a good society.
Worst financial mistake of my life was not buying a house when I was 4 in 2008
I made the mistake of spending my money on college in 2008 instead of buying a home. Double whammy of a bad decision there
No it was not buying bitcoin when you first heard of it
did you not pay attention in your preschool economics class? smh
😂
@@mtt59 have fun staying poor 💩
Stock investment is currently better than real estate because it offers greater liquidity, allowing you to buy and sell quickly. It also requires less initial capital, making it more accessible, and you can easily diversify your portfolio to spread risk. Plus, with technology, managing stock investments has become simpler and more efficient.
Back in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet. in terms of smart investment, i believe the stock market has been really beneficial,especially with the help of a financial adviser.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
Could you kindly elaborate on the advisor's background and qualifications?
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 ‘’Teresa L. Athas’’ for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I just looked up her website on google and I would say she really has an impressive background in investing. I have sent her an email hope she gets back to me soon. Thanks
*Treating a home as an investment rather then a basic need is the problem*
thats correct daniel
Yep. Homes can be an investment or they can be affordable...they can't be both, at least not forever.
Hopefully no crypto adviser hijacks this conversation
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"
For home owners this is a good thing, for banks and corporations to make a necessity a commodity is a sin.
More immediately than a collapse in the stock or real estate markets, inflation directly impacts people's standard of life. It is hardly surprising that the present market attitude is so negative. If we are to live in this economy, we are in dire need of assistance. ETF and stock markets are still unpredictably volatile, just like the housing market. My $370,000 portfolio has been reduced to rubble.
A lot of people are still making huge returns on investment this period. You just have to be very grounded or solicit the help of a professional.
Most investors can't handle a crash since they are accustomed to bull markets, but if you know where to look and how to get around, you can profit handsomely. It depends on your entry and exit strategy.
In my opinion, it was much easier investing back in the 80s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.
My partner’s been considering going the same route, could you share more info please on the advisor that guides you
Google Melissa Terri Swayne and do your own research. She has portfolio management down to a science
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.
Right these Vox people are out of touch
I signed a 30-year lease in the Bay Area in the 80's
after 15 years they offered to buy me out.
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
@@kevinmcfarland4322
"All the money"???
Some of the money.
I checked my loan, in year 8 of 30 more to principal than interest.
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.)
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.
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!
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?
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.
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!!!!!!
I got total loss for US$150,000 in Hong Kong Stock market and my home value in the past few years. So upset that was all my money save since I graduated from university😢
To my own research In USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.
I've remained in touch with a financial analyst since the start of my business. Amid today's dynamic market, the key difficulty is pinpointing the right time to buy or sell when dealing with trending stocks - a seemingly simple task but challenging in reality. My portfolio has grown by more than 5 figures within just a year, and i have entrusted my advisor with the task of determining entry and exit points.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
Finding financial advisors like Carol Vivian Constable who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Carol has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.
My grand parents bought their house in 1950 for 16,000$
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.
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
Quality of that house is probably better than what's built today too
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.
I bought an unmarketable Fannie Mae foreclosure in 2011 for $50K,
Now $500K
$214/mo
@@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.
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.
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.
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.
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
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 ‘’Sonya Lee Mitchell” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I searched for her name on the internet, found her page, and reached out via email to schedule a conversation. Thank you.
"Retirement isn’t an end goal, but a journey best secured by careful and consistent investments."
Well said! Retirement is the reward of disciplined investing over the long term, not just a destination.
Well said! My adviser guided me through retirement planning, ensuring my investments were strategically positioned for long-term rewards.
That's a great point! Finding a reliable financial adviser would be essential for me to ensure my retirement plans are well-structured.
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further.
I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you
The issue you left out for this was rent prices vs median home prices 😅 rent outpaced even housing
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.
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.
@@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.
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.
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.
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.
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.
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.
@@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.
@@covfefe1787 what an utterly moronic point of view.
What's a "large percentage" and what's your source other than a few high profile articles of blackrock buying start homes?
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.
this is an amazing take, id like to see the numbers behind this
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.
@@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.
Don't forget Airbnb, and companies like Blackstone, Zillow buying up everything in big cities.
This is an issue and there is talk about some areas making property price more expensive if the house is vacant too long.
Weird way to end it. “A house is not your only option” no other options offered. 🙄
For freaking reals!!! 🤦♂️
You could just live in your car! 😮💨
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!
@@Nonsense116 Can't live in a stock or bond.
@@fluxophileit’s 10x better than putting your money in the bank
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.
Yes with wild markups
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 .
Thanks a lot Property Brothers 🙃
@@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.
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.
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.
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
?
It's definitely not that simple
Yep. The laws have always been made to protect old property owners' investment properties...
@@elijahherman Another way boomers have rigged the economy for themselves and destroyed their kids' future
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.
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!
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!
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?
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.
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.
fear a housing crash due to people buying homes above asking prices with little equity. If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.
Consider reallocating from real estate to other reliable investments like stock, crypto or precious metals . Severe recessions offer market buying opportunities with caution, as volatility can yield short-term trading prospects. Not financial advice, but it may be wise to invest, as cash isn't ideal in this period.
Agreed, instead of panic or following a hearsay, I simply adopted the service of an advisor early 2020 amid covid-outbreak, and so far, I've attained my most measurable financial milestone of $900k after subsequent investments.
nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?
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 ‘’Sophia Maurine Lanting” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I just looked her up on the internet and found her webpage with her credentials. I wrote her an outlining my financial objectives and planned a call with her.
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?
You'll need a different kind of economic mode of production for that then
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.
Don't blame the landlord, blame the market value people willing to pay, you don't have to rent it, go somewhere else !!! location location location!
I only ever want these videos written, edited, and published by people who do not own a home
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.
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!
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.
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..!
If the market crashes, people will still pay less for their mortgage than they would for rent. They just have to stay in their homes. Few who bought before 2022 will go into default. We will likely see a large increase in Chapter 13 bankruptcy, but I think few will simply go into foreclosure.
think of how many americans you would be hurting by rooting for the value of their homes to crash.
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.
They all printed money and enabled capitalists to take advantage of regular people.
More Americans are working 2 full time jobs now than ever lol
Wall Street journal newspaper costs $5.00. Minimum wage is $7.00.
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
then stop voting for democrats horrible inflationary polices.
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.
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.
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.
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.
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!
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.
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..
Generally true for most of the US. However some specific areas can vary, mainly in states such as CA or NY
Most people are barely feeding themselves let alone owning a home…
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.
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 and pharm. stocks like Pfizer and JnJ.
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.
this is all new to me, where do I find a fiduciary, can you recommend any?
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
I make $90,000 a year, have $105k in the bank and I can't afford a home because interest monthly payments are ridiculous.
Uh huh
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.
@@LoveLife-oo9cz 100%
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.
Gen X and Baby Boomers destroyed everything for us we even have to burden these high student loan costs
@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
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.
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.
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?
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.
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?
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.
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.
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.
Me.
@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.
Everyone wants to live in California.
@@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.
my friends who's in film industry told me a lot of film companies are moving to LV. Perhaps look to move there?
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.
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
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.
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.
@@JFitness88 technically that's not the mortgage payment (at least assuming fixed rate mortgage). That is property tax and that is definitely a problem
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
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.
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?
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.
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.
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?
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.
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.
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?
"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
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.
@@Buffet-walton22 That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?
Gertrude Margaret Quinto, 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.
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
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?
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.
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.
Do you mind sharing info of the adviser who assisted you?
“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.
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.
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
did you account for AUD/CAD vs USD
@@jk-gb4et yup
@@EngineerInMotion what keeps you in canada just curious?
@@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
@@EngineerInMotion I'm also from Canada but i'm just a kid that was interesting I didn't know any of this
Real estate agents, brokers and developers who trade properties like it’s commodity is the reason the prices are x6 higher
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.
money doesn't lose value over time, fiat loses value over time
Surprised it didn't mention the incredible level of underbuilding from 2008-2019 which is a huge factor as well.
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.
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.
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
@@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.
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.
@@Florencecoxx I get guidance from *Sarah Alma Martinez* Most likely, the internet should have her basic info..
You never mentioned the most important part: monthly payments. Rent payments are a loss of income. Mortgage payments pay off a loan.
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.
@@arothmanmusicthis is just wrong
Your rent pays your landlords mortgage.
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.
@@arothmanmusic absolutely agree.
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
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
nice! once you hit a big milestone, the next comes easier.. who is your advisr please, if you dont mind me asking?
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.
lol at the bots promoting a financial advisor
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 .
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-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
@@zawzawzaw9719She's ALICE LEE CHEN FINANCIALS
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.
@@tommy32-k1nI'm definitely gonna check her out. Do yo have any idea if she manages family fund?
Getting Alice Lee chen to help me really helped me clear all my debts. I started with what I have left and it's been the best decision I ever made
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.
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
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.
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.
@@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.
stocks dont have any maintenance costs either. There is no $20k roof repair cost on a 10 year old stock.
You also have to pay interest on the mortgage
@@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.
Did Vox just tell me I should be a renter forever? Never own a home, keep giving 30% of my income to the man forever?
Completely forgot to mention the value of leveraging money through a home… those 5% gains in appreciation on a house is on $500k versus 5% gains on $50k of stocks is a big difference. There’s risk, but that’s the big pay off
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
And how much did you inherit from your family, hmm? How about loans, how much did they loan you?
Your life is not real.
how can you have no food bills, you cant produce everything
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.
The strategies are tough for average people. They're usually done well by experts with lots of skills and knowledge.
@@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.
@@claircourtway Mind if I ask you to recommend this particular coach you using their service?
@@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.
@@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.
if only US was the case ,but this is a global phenomenon , every price skyrocketted while wages did not
Capitalism coughing up it's last breath I hope
@@jaspertuin2073Communism and socialism is much better! 😂
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.
@@Anonymous-dh4id Capitalism just rewards people holding assets while not producing for society. Good for the rich only
@@moosesandmeese969Japan used to have that problem too-until their economy stagnated and their population started declining
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.
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.
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
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)
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!
Because people profit of others suffering, capitalism needs to end, rentism needs to end
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
lol
@@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
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.
The housing market is inflated and oversaturated with homes being on the market with astronomical price tags just stagnant for months. It is very clear that our generation will be likely one of the most devastating bubble pops in modern history. Seeking best possible ways to grow 250k into $1m+ and get a good house for retirement, I'm 54.
I get such worries too. I'm 56 and retiring early. Already worried of the future and where its headed, especially in terms of finances and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?
In my opinion, it was much easier investing back in the 80s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 3 years to consistently build my portfolio in preparations for retirement.
My partner’s been considering going the same route, could you share more info please on the advisor that guides you
I've experimented with a few over the past years, but I've stuck with Rebecca Noblett Roberts for about 3 years now, and her performance has been consistently impressive. She's quite known in her field, look her up.
Thank you for sharing, I must say, Rebecca appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call.
It's Called the American Dream Because You Have To Be Asleep to Believe It" - George Carlin.
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.
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.
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!
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.
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
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
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.
A really great point that felt a little pushed to the side. “A home is a NECESSITY you buy at great cost” that alone paints a grim picture towards what we as a society just allow to happen to us…
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
"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
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.
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.
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.
@@aaronkerrigan241 Working 120hr weeks to make small progress in climbing the ladder is not the brag you think it is.
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.
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.
I've also noticed the only housing being built for the last 10 years are luxury properties.
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.
mass illegal immigration isn't helping the housing supply issue either.
My proudest accomplishment is buying a home in 2021! I love my 3% interest rate
Your proudest accomplishment is luck. Grats!
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
I sold my home at the peak of the market in April 2022 for double the amount I bought it for in 2014. I invested the money in an S&P 500 index fund and put one years' worth of living expenses into a high-yield savings account earning 4.5% interest.
People thought I was nuts to sell my house and go back to renting, but my finances are in order. Plus, I no longer have any home maintenance expenses.
Genius!
That's awesome, Erica. What do you think about the Roth IRA and LIRP account will you recommend it as functioning as well as your index funds S&P 500?
Plot twist: it was a plug for mutual funds all along.
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
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
I feel like this video didn't explain anything useful in those 10 mins, buying a house is hard because they are priced higher thats obvious and thats what the whole video says and could've been done in 10 seconds of video.
Housing is a necessity not an investment.
It's fascinating that the New York Times podcast 'The Daily' posted an episode last Friday advising young prospective homebuyers to forgo buying a home (because they can't) in lieu of investing in the stock market or government bonds, and now this video from Vox ends on the exact same note, less than a week later. They both frame homeownership as a financial investment first and foremost, with little or no regard for the stability/peace of mind that comes with (and historically drove the desire for) owning your own home.
Speaking only based on my own personal observations, it feels like news media are beginning to normalize the idea that young Americans don't need to be homeowners at all. Not that they don't cover the underlying problems that have led us to this point; they simply don't seem to view those problems with the same (or any!) gravity many young Americans believe they should.
But no, they would rather keep putting lipstick on a pig.
CAPITALSIM
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
I live in Canada and anyone in the USA think house prices are bad take a look here. We are a more speculative. Market
The UK is just as bad in terms of housing & wealth too
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.
I recently bought a name brand new furnace and central air for $6500 paid cash
Not if you have a home warranty.
The fundamental problem is treating a home like an investment. A home is a necessity. And it is the only necessity that we expect it's value to go up as time passes. I think it's fair to say that a home is comparable to things like food, water, healthcare, education, etc. When we buy these things, we don't treat them like an asset. We spend money on them and attain value out of it through other means. But housing is the only necessity with which is expect to make money out of.
You're absolutely right. The expectation of rising home prices is a major factor in the current housing affordability crisis. This expectation incentivizes individuals and corporations to treat housing as an investment rather than a basic necessity. This creates a situation where people are priced out of the market and forced to make difficult choices, such as living in overcrowded or unsafe conditions or spending a disproportionate amount of their income on rent.
Shelter is a necessity. Home ownership is not.
@@BTrain-is8ch How else can you guarantee your own shelter without home ownership?
@@syncout9586 9-15 months at a time via a lease the way around half of the world does every year...
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?
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.
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.
Idk who promised that homes will always increase in value. That is not a given but it’s true as long as a fixed resource (land) is there and population (demand) increases.
You'd think the writer would know better since that was a major fallacy of the housing bubble
When demand outpaces supply like in the case of real estate, it's only natural prices are going to continue to go up. Either cities in the west stop with their strict zoning laws or current owners have to sell
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
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.
You need to explore one of those $30K houses from 1972. I lived in one. There was a single bathroom, with one sink. Each of the 3 bedrooms had a closet along half of one wall, none was a "walk-in". The stovetop was 25% of the total counter surface in the room, and it had a cutting board that fit on top of it so you could do prep before you started cooking. Mine had a post-70's upgrade, a microwave oven instead of a vent hood, the baseline was a round vent mounted on the wall above the stove. The house had carpet everywhere except the kitchen and bathroom, where there was linoleum (or sheet vinyl, I'm not sure I know the difference). The kitchen "backsplash" was painted drywall, there was tile above the tub in the shower area. All the fixtures were chrome.
The market for these homes today is for tear-downs. What were once "starter homes" are, by today's standards, building lots encumbered by the cost to tear down a worthless building. When "modern styling" moves beyond an open floor plan to luxurious tiled en-suite bathrooms, walk-in closets, and other upgraded finishes you're not talking about the same thing at all.
This is the right take here. The quality of those homes has far outpaced what was available back then. Also, the median home value is extremely skewed due to ridiculous home prices in several metro areas
Yep... my parents bought a brand-new starter house in 1959-- three bedrooms, one bathroom, one car garage, unfinished basement. It was a house just surrounded by dirt, and my parents had to do everything from have a driveway and sidewalks poured to planting grass to planting trees. It was indeed a small home, but they lived there for 55 years.
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
You're right, but a lot of people remain poor due to ignorance.
Not because of ignorance, It's because of the high rate of unprofessionalism in the crypto market.
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
That's right, you need an experienced trader to make good profits trading cryptocurrencies
I will recommend my current trader
Mrs Olivia Brown, she is from USA and her strategies are earning a lot of profit for me
One of the problems is hedge funds, and financial firms buying up tons of homes with straight cash, jacking up local housing prices and jacking up rent. It should be illegal for financial investment firms to buy homes.
Hedge funds are statistically insignificant. 10,000 hedgies times an average AUM of 80 million equals 800 billion total value. The GDP of New York City alone is twice that.
The worst type of blind are those who do not want to see. Keep telling yourself funds are insignificant @@samsonsoturian6013 if that makes you happy.
Build more houses?
I bought my home in 2018. Since the value of the home has increased so much, the property taxes and homeowner's insurance increases have driven the escrow so high that my mortgage payment has increased by more than $500 a month. My previous rent payments were increasing by $5 to $10 per month per year. With the utility costs and upkeep, I'd have been better off staying in my apartment and investing the money.
The problem is $5-$10 rent increases are long gone. On average rent payments have increased by over $300 every single year since 2020.
Housing should be a commodity, not an investment. In the past, that was how it was treated. The lower the price - the better.
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.
The best part about owning a home age 30-60 and paying down a 30 year mortgage is that after that, when you retire... You're not having to spend your retirement income on rent.
Which by them would at least triple from today's price.
30 year fixed mortgage will only go up slightly with taxes and insurance going up
A home purchase is an emotional and lifestyle decision - not an ideal investment. It's also more subject to risk (damage, theft, etc). But putting a price on peace-of-mind is silly. Most of us want a place to call our own where we can make the decisions.. Not to mention, you don't need to worry about the landlord. Personally, I think you should buy if you can even if it's slightly less advantageous financially than renting.
I have to work like 300 years to afford a home tho, got any way for me to become immortal? maybe undead?
An important point that's missing from the comparison of a house as an investment vs. the S&P500 is that the house is leveraged and will not have a margin call on it no matter how far its value drops. This makes the house a much more powerful wealth building tool as long as you're okay with its short-term illiquidity. In order to get safe exposure to $500,000 of the S&P500, you need to put up $500,000. right now. In order to get safe exposure to $500,000 of a house, you only need to put up $15,000 and maybe closing costs. This leveraging capability of houses dramatically increases the wealth of those who invest in them.
Good point.
You’d enjoy the book “Lifecycle Investing” by Ayres & Nalebuff
Yes. But you also won't get a margin call on the S&P unless you're short
You have this wrong. Over time, the S&P is a much more powerful wealth creation tool.
My friend's grandparents built a house in the bay area for ~$250k in the 60s and it just sold for $4 million.
The same money invested into the S&P would have turned into over $80 million. On top of that you get dividends in the market whereas the house has property taxes and maintenance as an expense.
@@JoelPanttila That's true, but the only issue is that people still need a place to live. So for many the question then becomes rent or buy or invest - few people have enough savings to afford a down payment for a mortgage and another down payment to invest. Unless you can live with a relative for free, it's either rent or buy, and at least buying is an investment even if it's not the S&P.
It's the land, not the home itself. Houses are products that depreciate, it's the land that goes up in value.
Tax land
You're referring to 'currency' as 'money'. No wonder people are confused. Learn the difference, do a search for currency vs money.
There seems to be many variables that are not discussed here. For example: my wife was raised outside of Chicago, one of 3 kids in an 1100 square foot house. Now the median house size is about 2500 square feet; more than twice the size. Americans love to super size everything. Perhaps what we need are builders who are willing to build 2000 sq/ft homes, 3 BD, 2 bath room homes on modest lots. That would be affordable for many more Americans. Consumers need to adjust thinking as well.
There are plenty of Americans who want starter homes that are small. The problem is builders don't want to build them as they aren't as profitable as bigger builds. This is the result when people try to optimize every little thing including profit.
@kevinsouza7744 If consumers "go along" with whatever builders want to sell, I would agree with you. In the end, more buyers need to demand smaller houses, not move into a trailer. As long as buyers continue to finance bigger and bigger mortgages, there is no incentive for builders to create smaller home options.
Unfortuanately because of low supply builders are going to maximize their profits on each indiviual unit, which means more homes that utilize the maximum footprint on a lot. We've been underbuilding and underapproving builds since the 2008 housing crash, wh8ich feeds this issue. The largest portion of consumers's wants don't matter because the builders only need to take into account the smaller proportion who can afford the larger homes-changing consumer sentiment is needed, but likely we'll also need some kind of government incentives to build those smaller homes to make up profitability gap between a 2,000 sq/ft home and a 3,500 sq/ft home.
@@mattdock7346 Agree completely with your statement. I grew up on the east coast, and one of my relatives lived on Long Island NY. The house they owned was one of the Levitt town houses: small, no basement, small lot. Built for families after WW2. They had 3 kids and lived in the home their entire lives. He was a blue collar worker.
I own a home, but I firmly believe home ownership is a cornerstone of a good society.
Tell that to your local zoning board that made it illegal to build any smaller than 2000 sq ft for a house