How I'm Preparing for the Housing Market Crash of 2024
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- Опубліковано 11 жов 2024
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See these are the videos I like from you. Excellent advise.
excellent advise. LOL you must be a Newbie. it's not rocket science to try to buy RE below market price b/c there is only a hand full of idiot sellers. it's funny Kevin being crying wolf the last yr and half. it dipped a little last yr and the last few months RE is on fire. If you didn't buy you missed it. from jan to now I only closed on 2 deals and add 5 more to the unit count. I bought a duplex for 330k from a probate sale. after 70k of work and lawyer fees to get the tenants out, the property is worth 650k to 700k . rents for $4400 a month on a $400k investment that's a keeper . My other deal heart of silicon valley in Santa Clara 950k got appraised for 1.09 mil closing in 3 days and I am able to build 2 more adu's. up a 140k already. I have been doing this for the last 15 yrs the du-plex is the best find ever. You can't do this in scale good luck kevin. wait kevin is still looking . LOL
Housing prices are unlikely to significantly decrease until there's a substantial increase in housing supply. In the USA , there's a shortage of millions of housing units, and construction isn't keeping pace. The constant demand for housing, coupled with population growth, means that even a slight price drop attracts numerous buyers who quickly absorb the available supply. I'm considering purchasing affordable houses in 2024 and possibly venturing into stock investments. When is the best time to enter the stock market? Some people say it is profitable , but others say it's risky. Any advice?
Consider investing in stocks especially during a recession . While recessions can be tough, they can also offer good chances to buy low and sell high in the markets if you're cautious. Just remember, this is not financial advice, but it's a good time to think about buying stocks since having cash on hand isn't always the best option.
@oldcastleswan Can you kindly provide me with the information of your investment advisor as I am currently in desperate need of one?
He really doesn't make a great argument.
@oldcastleswan I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon.
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.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
Personally, I can connect to that. When I began working with a fiduciary financial counsellor, my advantages were certain. I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2021 this time with guidance Long story short, its been 2years now and I’ve gained over $860k following guidance from my investment adviser.
@@MarkFreeman-xi3rk Interesting Mark. I've been thinking of going that route been holding on to a bunch of stocks that keeps tanking and I don't know if to keep holding or just dump them, do think your Inv-coach could guide me with portfolio-restructuring as i wouldn’t mind a recommendation.
Actually, I've shuffled through a few advisors in the past, and “ Margaret Johnson Arndt” remains the most resourceful thus far. Her strategy proves profitable, and sustainable both in a bull & bear market. Most likely, her deets can be found on the net, so you can confirm yourself.
Insightful... I curiously looked up her name on the internet and I found her site and i must say she seems proficient, wrote her an email outlining my objectives. Thanks for sharing.
My house was purchased 7 years ago in colorado and the payment is 850. If repurchased it would be 3800***. Have wages quadrupled***? No.
***edited for current rates
For some/many people...yes their wages have tripled in 7 years
This is a massive issue. Exactly who is buying houses at these prices? It’s like there is no volume whatsoever. Even if interest rates go down, the prices are unreal. I see a correction coming. It might not be big, but it has to relate to what people can actually afford to get. Maybe a 15% correction?
Of course unless there is a black swan event… maybe something in banking? If banking goes down, who’s making the loans? Who’s helping businesses make payroll? Funding for new projects? Expansion?
@@eribertomares3091 Define "many people". We can look at the median/avg income over 7 years. It has not tripled.
my wages went from $70k to $110k as an engineer in the auto industry. if the uaw gets a nice new contract, i'll probably ask for another $20k.
@eribertomares3091 if houses and wages continued at that unrealistic pace they'd be worth hundreds of millions of in no time. It's not a sustainable trend at all. And what industries tripled in 7 years I'm curious.
you can always buy right in any market. your exit strategy is what changes when SHTF marketvwise or prices go up. Always have alan B for the property.
can you explain in full the options you’re into...
I just searched *JENNY PAMOGAS CANAYA* out of curiosity, her profound dexterity looks too ideal for everyone on board!
Everybody is concerned about the market going down but refusing to take advantage of it. The best decision I ever made in my life was investing in the crypto/stock market. Trust me guys, it really pays a lot! 😊
FTX Collapse and so did Sam Bankman-Fried (FTX CEO). I expected better than this from him. Getting rich is easy. Maintaining Riches is where the work comes in. For both beginners and intermediates looking forward to becoming financially free, LEARN THIS!.
Whichever firm you select, make sure you get your insurance from a reputable financial adviser, such as * STEPHANIE KOPP MEEKS,* who has dedicated her career to financial planning. Because they will assist you in escalating, navigating better, and completing the task in a safer manner..
Okay, Thx.
I found her web page
Thanks for this piece of advice
Nice to see you driving sober.
😂
Why is everything so expensive in America? Our houses here in Thailand are so cheap compared.
How are you doing repairs for only $50,000? Most of these hoarder homes need well over $100K+ sometimes even approaching $200K to make decent to rent out or to sell. I’ve run the numbers multiple times. With the high cost of labor and materials, it makes your scenario very tough.
Yup I’ve had to do a lot of my remodel myself. It’s hard to find good contractors right now
When no one thinks a correction is going to happen it’s when it happens.
How ?? We have a shortage in housing
@@Bemirboy a recession perhaps. Also, people have to start moving their money away from corporations and banks that support REITs and businesses similar to them.
I believe a housing market crash is on the horizon, primarily because a substantial number of individuals acquired homes above the asking price despite the low interest rates. As housing prices decline, these buyers are in precarious situations, lacking equity in their properties. If they are unable to afford their homes, the likelihood of foreclosure increases. Selling would also be unprofitable in this scenario. This situation is anticipated to affect a significant number of people, especially given the expected rise in layoffs and the rapid increase in the cost of living.
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!
You are right! I’ve diversified my 350K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $730k in net profit across high dividend yield stocks, ETF and bonds.
I’m still waiting for the 2022 and 2023 crash. No crash is coming, demand is still way to high in most markets
@@shellroc21 on the east coast and especially around lower NY demand is still very high.
@@shellroc21 Housing values will continue to appreciate into 2025. Housing will not dip much because people all over the world are getting their cash out of bonds and banks into tangible assets in the U.S.. Cash buyers will become the norm. This will accelerate because global capital is fleeing government debt and banking system, to move some of their vast wealth offgrid in tangible assets. The rest of the world is much worse shape than the U.S..
@@shellroc21california San diego
@@shellroc21Wisconsin is crazy
@@shellroc21 I live outside US but I guess after covid you have exact same problems in Europe. I would say the "want" is high but demand (meaning actual people willing to buy with actual money at these prices) is low.
I'm a realtor in the Chicagoland area working with a buyer pre-approved up to $250,000 (conventional loan). I've written 7 offers and all of them have been beaten out by cash buyers. It's crazy.
Why is that
@@ygbodybuilder3023bank takes too long and more headaches/requirements
@@ygbodybuilder3023alot of cash on sidelines people are waiting for market to come down which means, in essence, it never actually will.
Gotta be depressing for the buyer
@@ygbodybuilder3023
corpo’s like kevin looking to extract yield from burgerland
I've gotta say that 50k doesn't get much renovation work these days. Even if it goes as planned it isn't super likely that you'll cashflow especially in cali. Even if you break even on value and somehow on rents, you are still speculating on appreciation and getting no yield on the money in a down payment. So little meat on the bone right now for real estate.
Fixer-uppers works better if someone has economies-of-scale for all the knowledge and relationships, e.g. permitting, contractors, etc.. Not something I am at all interested in, because I prefer my vocation creating tech startups.
Housing values will continue to appreciate into 2025, so does not even need to be cash flow positive at current interest rates. Kevin probably has access to lowest possible interest rates, he also has interest-free capital from investors. Housing will not dip much because people all over the world are getting their cash out of bonds and banks into tangible assets in the U.S.. Cash buyers will become the norm. The main risk to Kevin's plan if at all is the horrific economy coming after 2025 with stagflation and 6+% interest rates. And the push to require all homes meet some new climate change agenda standards, which could entail significant expenses to upgrade. His plan will work beautifully if he can sell in 2025, retire House Hack and find a new gig. Also financial repression is coming in an attempt force the public to buy U.S. govt debt to prevent interest rates from going into the stratosphere as China sells off U.S. debt with WWIII also to start circa 2025 - 2027.
80k is the new 50k renovation..
This. In any hot market, there is little meat on the bone. Fixer uppers are priced exactly where renovations are not worth it - and $50k barely covers redoing a kitchen, let alone major water damage.
@@Arad737 Kevin has economies-of-scale.
Kevin in 2024- How I'm Preparing for the Housing Market Crash of 2025
LOL so true!!!
Anybody that thinks housing will continue to go higher should be out there buying up houses.
@@allanbauer4076 people and businesses are still buying house lol even with these rates.
So you're saying, if I can get TTCF for .10 when it's clearly trading at .11.....it's a steal?
Thank u. San Jose , Fremont ,CA in SFO prices tripled in 10 years this bubble needs to be popped
did your wages triple since 2013? i didnt think buying in 2019 was a good buy even though prices rose more and i definitely dont think so today im risking it i will wait 3 more years ontop of waiting 4 years now. theres almost no risk waiting for 3 years or so in california it cant rise in the short term more
We currently are in an affordability crisis. I am not touching a property until the smoke clears which will take years. Anyone that thinks that the current rental prices or mortgage prices are sustainable is high. The crash is just starting.
There will be no crash. And it will be a decade or more before affordability returns and the U.S. will have gone through massive totalitarianism before we get to that point of relief. Commenters do not understand what is going on. Cash buyers will accelerate during this decade... 9:56 Interest rates will not “come down in 2 to 3 years.” Interest rates may come down briefly in 2024 into 2025 but they will be going right back up again, higher than 6% and remain high for the remainder of this decade. The U.S. is entering the Thucydides trap and a monetary reset cycle. What will drive real estate will be cash buyers of tangible assets escaping financial repression, war and capital controls. The governments have decided to forestall the Minsky Moment with yield curve control, and massive government spending, which is setting us up for financial totalitarianism, e.g. the CBDCs. How can Kevin not comprehend that centralized control over every single transaction is ripe for abuse. Kevin’s blasé (nonchalant) attitude towards the looming catastrophes could be his Waterloo. EDIT: for past 40 years the U.S. has exported dollars (significantly also in the form of U.S. Treasury debt), and this decade they’re coming back home to buy up tangible assets. This phenomenon is forcing this inflection point and the dislocating reactions to it, including stagflation (GDP properly adjusted for true inflation), eventually financial repression, war, capital controls, etc..
ua-cam.com/video/D9rmcIVXmqI/v-deo.html
(skip to Doug Casey at 7:50)
Something is amiss when local bartenders are buying $500k homes, waiving the inspection.
This is the best Tesla ad I’ve ever seen! Thanks for the info!
If your repeat that there’s going to be a crash eventually you’ll be right. 😅
He’s been saying this for four years lol
Yes, we call this the Ron Paul Strategy 😂
YES IN 2030 BY THE TIME I ALREADY PAYED 150K TO 200K IN RENTS 😂😂😂😂
@@kristenhinkle1641dr love
Every 10 to 14 yrs theres a crash, last one 2009 we are at the 14th year in 2023 or 2024.
i thought it was supposed to be a 2023 crash? I see we are moving the house hack goalposts now
How does this compare to how we we were told to prepare for the 2021,2022 and 2023 housing crash?
Forget it. This is a banking crisis, not a home loan crisis. Can't overcome the lack of supply vs demand. There's a 10yr shortage, and over 40% of current homes have no mortgage (so they ain't going to go on the market).
People have fixed loans here. Very few are variable and at risk
What’s the point in being greedy now when prices are sky high, are you expecting prices to go even higher ? IDK 🤷🏻♂️ sounds wonky to me. Ps; I have purchased renovated and sold 400-500 hundred bank foreclosures over the past 20 years
Hi Kevin, do you have the data on how many people that are having a 5/7 ARM mortgage with low interest rate that are about to reset? Especially the mortgages are for their second/investment properties? With the interest rate being this high, wouldn't people in this situation choose to sell vs keeping? Will this help with low inventory and cause the housing market to drop a bit?
I’ve added 200k in equity to my last remodel in California. It’s taken me a year and a half to finish. It’s hard to find good contractors right now and I had to do a lot of the work myself. Who’s going to do all these remodels in the different markets? Do you have teams of contractors in all these markets Kevin?
Not a fan of the clickbait housing market crash title.
I think Kevin is very sophisticated person BUT I believe he may be overlooking 2 critical factors here. Price of material as Inflation is making it more expensive and labor cost which inflation is increasing.
Plenty of houses sitting on the market in Utah. I’ve also been noticing a lot of contractors such as electricians, framers, and landscapers are almost out of work. Scary stuff starting to pop up
Utah…. lol nobody moves to Utah
@@damonmichael4342 its actually the fastest growing state so….. check your facts
Home values are declining rapidly in Massachusetts, and Florida.
I'm just saying, every good house that pops up gets an offer in 24 hours here in Florida. We just had an offer accepted today. When every apartment cost's $25k a year in rent, it makes every house seem like a deal...
You commenters do not understand what is going on. Cash buyers will accelerate during this decade... 9:56 Interest rates will not “come down in 2 to 3 years.” Interest rates may come down briefly in 2024 into 2025 but they will be going right back up again, higher than 6% and remain high for the remainder of this decade. The U.S. is entering the Thucydides trap and a monetary reset cycle. What will drive real estate will be cash buyers of tangible assets escaping financial repression, war and capital controls. The governments have decided to forestall the Minsky Moment with yield curve control, and massive government spending, which is setting us up for financial totalitarianism, e.g. the CBDCs. How can Kevin not comprehend that centralized control over every single transaction is ripe for abuse. Kevin’s blasé (nonchalant) attitude towards the looming catastrophes could be his Waterloo. EDIT: for past 40 years the U.S. has exported dollars (significantly also in the form of U.S. Treasury debt), and this decade they’re coming back home to buy up tangible assets. This phenomenon is forcing this inflection point and the dislocating reactions to it, including stagflation (GDP properly adjusted for true inflation), eventually financial repression, war, capital controls, etc..
ua-cam.com/video/D9rmcIVXmqI/v-deo.html
(skip to Doug Casey at 7:50)
What happened to the crash that you predicted all last year?
Prices have come down 3-5% and housing is overvalued by 30%. We have a long way to go.
Hey Kevin, I’m a real estate, agent, investor and wholesaler. If I find you a deal, can my payment be shares in your company?
yes
Good question I don't see why not! He should post his criteria somewhere
Kevin has more deals than he can deal with. And you offer him no economies-of-scale.
In Ct they sell over asking in 2 days
Your channel is confusing. One minute you're saying home prices are going to increase because the Fed will lower rates before the election, the next you're saying housing prices are going to crash. Which is it?
The real problem with this is that in this case, housing affordability is driven by different factors than what happened the last time. So we need to create a lot of housing, by building housing, but also hotels to pushback against AirBnB's impact on the market.
Kevin teaches you to look for wedge-deals then puts together a private equity real estate conglomerate and swoops into deals with all-cash, no contingencies, and limited diligence offers. This corporate mass usurpation of real estate is exactly why it’s become almost impossible for regular Americans to buy homes, let alone wedge-deals, come on man 😂
Come-on bro. There's plenty for all of us to eat. I think of it this way... House hack is a lot bigger than me, sure. That means they most likely have more overhead than me. So I don't need to make as much money as them to get full tummy.
there's no shortage of deals
go door knock hoarder houses, abandoned homes, ect. why compete with anyone. put in the work and get the off market deals. i've done it for years. just gotta put in the effort!
Dude there’s plenty of deals out there. You think Kevin can buy them all? Don’t have a scarcity mindset
@@MeetKevinclassic scarcity mindset , probably been listening to Nick at Reventure for some time now
I dont think anybody is fearful... im just loading up cash to buy any wedge deals. All my friends are waiting for any opportunities. I feel like if the rates go down, the housing will rocket. Yeah so maybe no fear in the market but also no opportunity to buy 😢
“It's far better to buy a wonderful company at a fair price, than a fair company at a wonderful price” - this logic doesn’t apply to real estate?
Kind of. Better to buy a great house in a great area at a decent price then a horrible house in an awful area at a wonderful price.
So let me get this straight? We might be going into a housing crash next year and you want to start writing offers on homes now. Maybe you should just wait until the market actually crashes?
😂totally missed the point my dude.
Ww gotta find out how desperate people get when student loan paymets resume and they get no tax returns next year as a result of non payment. Be patient to get prices you're honestly wanting to pay.
I would see inventory increasing because of foreclosure because of all the people not paying during Covid . There are many people who have huge past due balances and can’t afford repayment plans
Dude, if people already bought a property before Covid, they’ll just sell and pocket the 30% increase in equity.
Also there are many millionaires looking for investment opportunities with cash. There are so many of them they are competing with each others keeping the hosing prices up.
Some lenders put those payments on the back end or spread them out through the remainder of the loan. An uptick in foreclosures is inevitable but no one knows when.
How do you see what other homes in the neighborhood are worth?
Incredible video and timing. Thank you Kevin
The housing market in England and Germany is where we are headed
Which markets in Southern California are areas that could see best buys
I was just thinking would if someone stupid got in front of him and break checks him, or what if there was cars in front coming to stop. He would be in some deep trouble! Yikes! 😬
yeah I'll never understand why they always have to be driving and recording videos. He is truly not paying attention to the road.
Supply/demand.... unlesss materials become dirt cheap...no crash....couldn't make it any more simplier
housing crash videos sell. don't see how the market crashes with low inventory and home owners with the lowest interest rates in history.
I get your video. All makes sense. How do I acquire a wedge deal ?
Dunno how serious i can take kevin after he said prices shouldnt deflate back to pre covid...thats exactly what needs to happen this 18% inflation needs to disappear
Never going to happen. You been watching Nick at Reventure ? LOL. Look at the cost to build. You think prices will drop below that for existing homes ? You have been drinking too much of the renter look aid at Reventure. Prices NEVER going back to 2019. That’s how how inflation works
When inflation “goes down” prices don’t go down. They just stop increasing as fast but they still keep increasing
Where did Kevin buy his deal?
You mentioned that if your buying cash now is a good time but not if your financing? Why is that? Assuming your using the same idea of having a large wedge and fixing the place up
Not Kevin dropping his tinted windows as soon as he sees a cop🚔💀😂 7:20
Kev explaining the housing crash while driving hands free to the clear port to fly private is top tier if this doesn’t motivate you idk what will lol
I think its going to be more of a 2026 crash. People who are buying homes now will unfortunately have to walk away (foreclosure) from some homes. Different from 2007-09 Crisis: Stricter lending standards and built-up equity among homeowners set the current situation apart from the housing crisis that led to the Great Recession. This offers some reassurance in terms of market stability.
Short-Term Strategy: If you're looking to buy soon, the projected rate of 5.9% by the end of 2023 isn't dramatically higher than current average rates. It could be an advantageous time to enter the market before the rates go up even further, especially if you're financially prepared for it.
Long-Term Strategy: If you have a more flexible timeline, waiting for the rates to dip below 5% in 2024 could result in substantial long-term savings. Considering you have other financial commitments, like pursuing a Bachelor's degree, this could be a beneficial strategy.
Jacksonville and surrounding areas in Florida are almost impossible to find a house that’s not 15% higher than previous sales
But who can afford a full cash offer on a home? We are looking to buy our first rental, but most people don't have the capital for full cash....how can you complete then?
love to hear your thoughts on what the commercial landscape is going to look like.
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 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’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.
*@kristenpierce8661* Who is the professional who is advising you, if you could perhaps tell us? As a novice investing in stocks without the correct direction of a professional, I have lost a lot of money.
I'm guided by Camille Alicia Garcia an experienced coach with extensive financial market knowledge. While you can consider other options, her strategy has yielded positive results for me. She offers valuable insights, including entry and exit points for the securities I concentrate on.
I've taken the initiative to research "Camille Alicia Garcia" online and verify her credentials. I'm impressed with her expertise, and I've reached out to her to share my financial market goals in detail.
Your suppose to have both hands on the steering wheel with that self driving Tesla or you'll crash too
He is bad example..this is how things happen. He is not even paying attention to the road.. scary.
So pretty much anyone buying now needs a 30% wedge to not get screwed when the market drops is what I heard?
The inflation on homes in many parts of California since 2019 has been about 30-40% depending on area with average approximate $300k bump from overbidding properties up. The problem is wages never really increased and it’s insane that happened in such a short time period, which had never happened historically. I don’t see how this inflation is sustainable and so don’t hear anyone in Real Estate talking about that point?
Just that this inflation is gonna stick around inevitably and we have to deal with it?
I’m sure those who got screwed in the last bubble and have been waiting to buy again are sick to their stomachs with what has happened!!
Thanks for your gold nuggets of advice. You did a video on a home for sale in Sacramento a few weeks ago. Is that a market you are investing in? I just moved to Sacramento five months ago.
One year from now.... Kevin will release a video " How I am preparing for the MASSIVE housing crash coming in 2025"
2024
Great idea House Hack, I would love to work with you here in Florida!
Y’all are in trouble. We aren’t buying it. As an experienced home owner, I can tell when you put lipstick on a pig. People. Buy some property and get a modular home builder to put a house there. It’s much better built, is new, and costs just as much.
The best deals in the nation was in baltimore ,, there was tons of fixer uppers now gone .
You’ve been regurgitating this for years now. Thought it was going to happen back in 2022 as you stated then.
In the last crash, people were upside down on their loans, so they walked away. This time, borrowers have to pay stupendous homeowners and mortgage insurance premiums on top of the massive mortgage payment. Once you calculate those costs, you do not have a 3 percent interest rate but close to 6, and with the recent changes, you are at 10. The massive surge in unemployment spike is fast approaching. I am unsure of the exact ETA, but we are one triggering event away from the residential collapse. Once the defaults start piling up, it will snowball and end up with banks tightening on lending. Look at the number of listings in the commercial market; Their exodus has already begun. The best thing to do is to cash out the equity while you can. You'll buy back the same house with equity you cashed out in a year or two. The Bull is running wild and heading your way. You either ride its back or end up under its hooves; the choice is yours.
Nicely said 👍
@@mellead8727 As a person who was convinced that borrowers will never ruin their credit by walking away from their home back in 2008; I'd say wait and watch. The argument is not lack of inventory. No-one will make 5k plus payments on a home with negative equity. Insurance alone is 600 a month with $25K deductible. Besides they weren't handing out money to make you a homeowner, they were counting on the crash to buy it back for pennies on a dollar, self insure, roll back the taxes and rent it to you for half the price, everyone gets what they want. I held every single professional license in real estate you can pissibly obtain. If you have equity, cash it out even at 7 percent. The crash will hit before you know it. Use the cash to buy tax liens, you might get lucky with a free home or lot.
I think you are wrong. Most wealth is owned by top 10%. The economy right now is ran by few wealthy people. The market doesn't care about most low paying citizens because the market is ran by money not people. The reason why the real estate will not go down as you expect, is the most properties are owned by wealthy people. Most of them are millionaires and above. They are investors. A lot of them are older baby boomers. They have a lot of money so they keep buying properties in cash. Can you believe that? About 1/4 of real estate transactions are done in cash today. This is keeping the real estate prices stable. Even if stock market goes down and unemployment goes up, wealthy investors will buy their houses with cash just like they are doing it right now. And stock will eventually go bullish in 12-18 months and fed will lower the rate and the party will begin again. I could be wrong about the fed. But what I'm confident about is that the house price correction will not be very dramatic as it once was.
@@yikwonjang2978 most of the properties are mortgaged. The wealthy will crash the and grab everything for pennies. They do the same thing with oil, stock market, wars and so on. It's that simple. Write down my ID and get back to me after the presidential elections. This is a sure thing and has already started.
That’s exactly what I’m doing brother cashing out my home value has doubled and saving it for that day
I'm 33% in the cash etf on tsx right now and just picking up the yield, bring on the crash
But the ETF is down 11% over the last year. How exactly are you coming out ahead ?
@@yankeedoodle6293 You must be looking at something else, it's Horizons High Interest Savings ETF and it stays around 50 dollars within a few cents
Sorry to say, but you don't quite understand the difference between static and dynamic effect. When prices on the housing market fall, I get less for my home. In return, I have to pay less for a replacement home. The status of a short-term analysis of the real estate market depends mostly on the general free values of the homeowners in their homes plus the age of the homeowners; the entire stock market taken into account. Most young screaming hams forget that.
Be careful when he says “buy the dip” I did that when he kept saying on stocks that I’m down 80% 😂
What will happen first. Will the Fed drop rate drops (home prices jump) OR will we enter into a bad recession (home prices drop)? I think that is the BIG question. That will determine if housing prices go up or down.
Happy Sunday:) ☀️
Question: what if; the surge in inventory is caused by mortgage holders who have been on a Covid 19 Relief forbearance, and they now paying the lien off by selling their home.?
What would you recommend doing in the Knoxville area? Home and rent prices have about doubled in the last 2-3 years. Every reasonably priced property 220-260k gets 8-12 offers in the first day. Every offer i put in (conventional) at or above asking gets blown out of the water. I’ve been trying for two or so years to get a primary residence
Why complain when Florida is double the price if not 3-4x more.
They want $220 then come with $300k, imagine in Florida poor properties asking for $600k and people coming with $650-700k
I'd say move to an area where that isn't occurring.
For instance, Southern Minnesota has homes in those price ranges or even less and it depends upon the town but many aren't having bidding wars. Some are even going for less than asking.
@@tears2040 been viewing the holiday and northern Clearwater area a lot. houses there are on the market longer and cheaper than here sometimes
@@beserver19609 moving as far away from trophy real estate and highly productive population centers is probably the last remaining haven from the trend that is only going to get much worse over this decade. Commenters do not understand what is going on. Cash buyers will accelerate during this decade... 9:56 Interest rates will not “come down in 2 to 3 years.” Interest rates may come down briefly in 2024 into 2025 but they will be going right back up again, higher than 6% and remain high for the remainder of this decade. The U.S. is entering the Thucydides trap and a monetary reset cycle. What will drive real estate will be cash buyers of tangible assets escaping financial repression, war and capital controls. The governments have decided to forestall the Minsky Moment with yield curve control, and massive government spending, which is setting us up for financial totalitarianism, e.g. the CBDCs. How can Kevin not comprehend that centralized control over every single transaction is ripe for abuse. Kevin’s blasé (nonchalant) attitude towards the looming catastrophes could be his Waterloo. EDIT: for past 40 years the U.S. has exported dollars (significantly also in the form of U.S. Treasury debt), and this decade they’re coming back home to buy up tangible assets. This phenomenon is forcing this inflection point and the dislocating reactions to it, including stagflation (GDP properly adjusted for true inflation), eventually financial repression, war, capital controls, etc..
ua-cam.com/video/D9rmcIVXmqI/v-deo.html
(skip to Doug Casey at 7:50)
That’s the reason “Rich Men North Of Richmond” is blowing up. Americans can’t afford to have a decent life. It’s the most unaffordable time ever.
Just heard that song yesterday, my wife shared it with me. Spot on the guy is about it all. Additionally that is a true country artist, Not these mainstream morons Pumped out of Nashville And Hollywood
@@HillbillyStacks we need more people that speak the truth to have a platform. I hope the Americans that care will continue to get behind the right messages.
Kevin needs his Tesla detailed that hand print on the driver door is grinding my gears!
got it waxed a month ago - guess i need it again haha
@@MeetKevin Dude your Tesla is gnarly filthy, but hey your a busy man so having the time to take it to a car wash or have a mobile car wash service is not something you have time for. ROFL!
It also looks like the roof is torn and hanging :)
@@MeetKevinthat’s nothing. Your car is clean AF! You should see how I abuse my Volvo on this fishing and camping trips.
Pension funds and corporate investors are to blame for this, and the politicians who allowed them to buy whole towns. The scariest part of all this is what if they are doing this because they know there will be massive migration due to global warming. You’ll have to live in a building that houses you and has shops close by because it will be so hot, you can’t survive otherwise.
Has nothing to do with global warming. The planet has actually entered global cooling. The Maunder Minimum is expected to accelerate in 2030. You commenters do not understand what is going on. Cash buyers will accelerate during this decade... 9:56 Interest rates will not “come down in 2 to 3 years.” Interest rates may come down briefly in 2024 into 2025 but they will be going right back up again, higher than 6% and remain high for the remainder of this decade. The U.S. is entering the Thucydides trap and a monetary reset cycle. What will drive real estate will be cash buyers of tangible assets escaping financial repression, war and capital controls. The governments have decided to forestall the Minsky Moment with yield curve control, and massive government spending, which is setting us up for financial totalitarianism, e.g. the CBDCs. How can Kevin not comprehend that centralized control over every single transaction is ripe for abuse. Kevin’s blasé (nonchalant) attitude towards the looming catastrophes could be his Waterloo. EDIT: for past 40 years the U.S. has exported dollars (significantly also in the form of U.S. Treasury debt), and this decade they’re coming back home to buy up tangible assets. This phenomenon is forcing this inflection point and the dislocating reactions to it, including stagflation (GDP properly adjusted for true inflation), eventually financial repression, war, capital controls, etc..
ua-cam.com/video/D9rmcIVXmqI/v-deo.html
(skip to Doug Casey at 7:50)
LOL! You are banking on shops to survive ? Have you ever considered being self sustaining?
By then the sky will be falling so it won't matter.
I remember when Kevin was pushing to buy homes and just pack them with renters. Fix the garage, an apartment, fix the basement, an apartment, fix a closet ,an apartment... 😂😂😂😂😂😂😂😂 when they don't pay the crazy rents .. you will sell sell sell.
I am sick of everyone thinking they can get renters. Who on earth wants to deal with that? I don't want to deal with fixing things or people who don't pay. I don't think this is the answer.
Interested in North Carlolina!!!
Grrrrreeeaatt tony the tiger
Market!!! 😊
Prices will go down and inventory will go up.
It’s gonna be 2008 again.
2008 is not the only crash look at 1926 , 8 years after the last pandemic when the fed was raising rates into a recession with low unemployment and m2 contracting like it is now
Is that the Model X on FSD?
I would like to join the house hack team. I can find Deals for you in central Florida.
7:00
Hmmmmm … question: if things start to look bad in say 2024 in housing, especially if inventory rises and foreclosures if unemployment goes up for those who used to earn 100K a year, what would be the plan? To sell the houses? To wait it out?
Not happening. Housing values will continue to appreciate into 2025. Housing will not dip much because people all over the world are getting their cash out of bonds and banks into tangible assets in the U.S.. Cash buyers will become the norm. This will accelerate because global capital is fleeing government debt and banking system, to move some of their vast wealth offgrid in tangible assets. The rest of the world is much worse shape than the U.S..
I think your structure is good. Your numbers are off. Your money will be made in a down market where cash is king. Slow your role. Timing is key and not yet here.
Part of a very important coin been talked about in the BCL
What about peoria illinois, there was a article on the Washington post which talked about peoria being the most affordable city in the country to buy real-estate.
Peoria has large ghetto areas and some nice areas, but the job market is terrible. The bad areas are South Chicago bad.
You always get ti wrong Kevin people just don’t buy because interest rate are high nobody it’s fearful everybody are just waiting to see what’s going to happen with the economy and real state market you always get it wrong Kevin
Where do I sen you off market properties from Central Florida?
Buffer deals , wedge deals are rare … or when a Crash happens - all rare
Home prices keep going up, In order for there to be crash you will need more than 1 million new home to hit the market all at once. Where are you going to find those homes?
thanks Kevin!
I actually think we are going to see a dramatic increase in housing volatility. Certain areas will see prices go up, and prices going down. Depending on new construction and population growth. Areas with declining population will see prices come down regardless. Areas with growing population will go up, and everything inbetween.
You remind me
Dave Ramsey when he was young. I think you will learn your lessons in hard ways too 😞
you said the same thing in 2022 and 2023
New buyers might be fearful of doing work. People who are already in their homes are doing plenty of work, as an alternative to moving. (I've heard this from multiple contractors as an excuse for why they are slammed and can't start sooner on my ADU!)
There is no shot if a crash until the next cycle. Once interest rates pivot, its going to boost up prices even more on homes. There is literally not a single shock strong enough to crash this market.
Telling us about the instability of real estate while advertising the stability of Tesla's FSD beta. 💪🏾
This is reckless behavior!! He should be paying attention and driving, Tesla is being class action sued for crashes that have occurred with "Autopilot" engaged and they're being investigated by numerous State Attorney Generals, the SEC and the Department of Justice. I fly airplanes for a living and yes they have an autopilot. But it still must be monitored and managed continuously. If not, you're going to die.