Kevin O’Leary: This is the ‘biggest problem’ facing the housing market
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- Опубліковано 1 сер 2024
- ‘Shark Tank’ investor Kevin O’Leary joins ‘Your World’ to discuss the costly American dream as existing homes’ median price reaches a record high. #foxnews
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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.
consider moving your money from the housing market to financial markets or gold due to high mortgage rates and tough guidelines. Home prices may need to drop significantly before things stabilize. Seeking advice from a financial advisor who understands the market could be helpful in making the right decisions.
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?
“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 just googled her and I'm really impressed with her credentials; I reached out to her since l need all the assistance l can get. I just scheduled a caII.
Kevin cut the bs. What would the housing inventory look like if corporations weren't allowed to buy single family homes the last 4 years? That's the biggest issue.
nobody will cut the b.s. but i wish they would. everyone overlooks how the economy was shut down in 2020 and all of a sudden out of nowhere, home prices skyrocket. got a little fundraising going on at the expense of the US citizen, eh US govt?
@@snerffy “home prices” are determined by free market.
@@TrumpCantRead all your comment means is “if you don’t like it, don’t buy it.” i get that. someone out there is creating circumstances that are dashing opportunities for normal Americans. it’s not lost on me that you’re okay with that, given your antagonistic comments here. go spend time with people who care about you. none of those people are here in this thread, and you spent an inordinate amount of time here for some reason.
@@snerffy “All” is an absolute term, so your claim is false.
And this claim : “someone out there is creating circumstances that are dashing opportunities for normal Americans” is unsubstantiated and vague.
What is a “normal American”? Please be specific.
100% all the Government has to do is stop making housing a "depreciating" asset (obviously it is not REALLY depreciating) and investors would be selling off homes like hot cakes. Yet, we never EVER hear any politicians from either side address these things. Probably because they are doing to too.
I sold an apartment in Rochester and made about $250K. I was frustrated when I only earned $171 in interest from a regular savings account. After doing some research, I was advised to invest in stocks. Are these stocks a good point to start from?
While the stock market is promising and can give good ROI, expert guidance is essential for effective portfolio management so you don't get burnt out in the market as it is very volatile.
@@EdwardsLluka I actually opened an online high-yield savings account with 5.12863% interest compounded daily, expecting to get $2,500 in interest on my initial $50,000 at the end of the month. Instead, I only received $420. When I inquired, I was told the interest is calculated daily, which was not clearly stated on the website. My partner advised me to divert into stocks through an advisor, and in just six months, I achieved over 80% capital growth, excluding dividends. Highly recommended!
true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
Her name is ’Melissa Jean Talingdan’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
House prices are 2x real historical value and 3x in the super bubble areas of the USA. Rents are 2x real value everywhere. Blame the Fed and the government for all of it.
No such thing as “real historic value”, or “real value”.
And “everywhere” is an absolute term.
every bubble going back the the 1800s has popped and there has been 4 housing crashes since 1837
I used to think every investor went broke during recessions, meanwhile some made millions. Bottom line, there's always a recession for some and profit for others, it all starts from having the right mindset. That said, I've set asides part of my savings to invest for future. Unfortunately I'm a complete noob.
The market has gone berserk. irrespective of experience level, everyone needs a sort of coach at some point to thrive forward.
True, A lot of folks downplay the role of professionals until being burnt by their own emotions. I remember a couple of summers back after my lengthy financial setback, I needed a good boost to help my business stay afloat hence I researched for licensed financial advisors and came across someone of due diligence who helped a lot to grow my reserve notwithstanding inflation to 165%
How may I contact your licensed financial advisor as my portfolio is dwindling?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've been stuck with *KAREN* *MARIE* *GENDRON* for about five years now, and her performance has been consistently impressive.
Thanks for this. I just googled her name and found her webpage. I'm really impressed with her credentials and I reached out to her since I need all the assistance I can get.
DC NEEDS TO STOP REINFORCING ILLEGAL IMMIGRATION. AND TAKE CARE OF AMERICANS!!
Amen, speak it!!!!!!!
Wrong forum Karen 😂
What “reinforcing”?
And “take care of Americans” is socialism
Not relevant
Wrong thread. _Non sequitur._
This year's challenges will undoubtedly be more difficult. Looking back, I realized that I was so focused with my portfolio that I made disastrous financial decisions for the entire preceding year. I had to pick between increasing my investments and purchasing a house. After choosing to sell my investments, I discovered that the property I had purchased required more maintenance than I had anticipated. Trying to find out how much longer I can take this is becoming increasingly difficult.
Take things easy, we've all made mistakes.
Invest in companies that provide current cash flows to diversify your portfolio. I hired a planner at the end of 2022 to enhance my portfolio, and in the last ten months, I've made profits in over fifty thousand different marketplaces. Should 2023 teach us anything, it's that luck doesn't last forever. Even in times of abundance, we should put in more effort to prepare for the worst-case scenario
Can you recommend your advisor? I could really use some assistance
Leah Foster Alderman. You'll undoubtedly find out more if you look her up online.
I appreciate the lead. I did some research on her and emailed her. I'm hoping she responds to me eventually.
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 or 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 48.
I don't think here is the place for personalized investment guidance. However, I suggest consulting with a reliable advisor like Azul to ensure appropriate retirement planning.
I’m closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in over 80% profit than some of my peers who have been investing for many years. Maybe you should consider this too
I've been considering getting one, but haven't been proactive about it. Can you recommend your advisor? I could really use some assistance.
'Melissa Elise Robinson' is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
The biggest problem facing home owners is property tax.
It's nothing more than a way to ensure families do not accrue wealth over time.
Speak for yourself thanks
People can't even afford a house. Property tax is a secondary concern to someone who can't afford the sticker price. What you just said is nonsensical and stupid.
You are right.
That's why it's smart to move to states that have low property taxes and low to no state taxes.
@@kellyw8017 what are some examples?
It’s usually one or the other, like California, Texas and Florida
Feeling a lot like 2008
Lock her up?
@@TrumpCantRead Obama is a girl? News to me 🤣😂🤣😂
got some 1920s in there with 2008 this time around , pandemic m2 falling fed raising rates into recession political landscape is also very early 20th century
There're too many people currently holding homes with 2-4% interest rates, back in 08' it was mass foreclosures, housing surplus and relaxed lending options. It's the opposite for all 3 of those things in the current market.
This is nothing like 2008.
Outlaw corporations, foreign countries, and illegal aliens from buying property or land.
The way things are now, private corporate equity firms are likely pulling excess supply off of the market to artificially inflate rents.
How do an illegal alien get a mortgage loan without credit history , nice steady job and no social security number ? 🤔
How? It’s unconstitutional
@@chetpomeroy1399 let’s see your data, and the math to back your claim
@@TrumpCantRead Actually, this depends upon how federal courts interpret the law, including provisions of the Constitution.
I was a home builder for 20yrs
The regulations shut me down
NoT worth the extra hoops
"The regulations shut me down"
_Translation:_ "I couldn't compete in the free market"
Many builders don't want to build a small 900 ft home. They can't make any money off of it. Neither can a real estate agent. Sad reality is many low income can't afford more then a small apartment an I believe it's a crime anywhere for rent to be anywhere near 1k a month for a little apartment or a mortgage on a tiny home. My ❤️ to the poor. Greed in America is killing them.
Same here, ever since what the banks did in 2008 when everyone's house had a for sale sign out front and all construction stopped it hasn't been the same. Still don't see many homes being built, and especially the big towns we used to build in San Diego throughout the 70s. Permits are too high as well.
@@davidwilliams4498I bought 5 acres in the foothills an hour from Yosemite, and built my own tiny home, I'm an outdoors person by nature so that's all I need.
@@ceterisparibus51said the squatter.
Nobody cares about us. I'm retired living on $1543.00 monthly on social security. My rent with utilities and rent tax for my July payment is $1493.00. I can't find a job. Been selling everything I own to buy food. Sleeping on a couch now. Our politicians don't care 😢
Kevin O’Leary: None of The Sharks including myself would go into -business- bankruptcy with a Convicted Felon Trump
@@joesmith4443 Fake NYC trial will be overturned soon.
Why are you retired and looking for a job? Sounds like you’re just unemployed. Typical MAGAcult dmfx comment
I'm retired 67 years young and I feel the same way and I feel your pain !
@@joesmith4443 YT blocked my true comment. Pure evil
It's too bad O'Leary didn't think about disclosing all of the big problems at FTX.
When you let in millions of immigrants into the country. Just what do u think that will do to supply. not even mentioning inflation
Even these stats are so misleading. Eggs cost 2.99 USD for a dozen in my area about a year or so ago. They are now 3.99 USD. That's a 33% increase. Not the 3% they make it seem.
It’s not about “your area” or your unsubstantiated claims
@@TrumpCantRead Odd. As I said, the stats are misleading. Because the stats are aggregate, and no such aggregate exists in half of the state I live in. But isn't that's why these stats are brought out and showcased as "facts?"
@@gregory4154 Dunno what “stats” are “THE stats” but inflation is calculated by the Federal Government based on the “cost of living” which is determined by a continuous nationwide survey of market prices of specific items, all of which is available on the Federal Government websites AND in the reoccurring regular press releases.
Your random price check is meaningless
@@TrumpCantReadthe federal government can't do mathematics. Check the deficit. 😂
Inventory is the problem. Government needs to incentivize small business to build. Large builders are only interested in $800K plus homes.
In Seattle, after many decades of sharply restricting construction of new housing, laws were changed.
Now, on a 50x100 foot lot that used to be limited to one single family home, now five are allowed. That is increasing the number of small, single family homes that are being built.
I’m homeless at 58 years old. I’m so sick and tired of rich B who don’t have a clue what’s it like not to have a safe haven
The numbers are twice as bad as 2008!
Your graph is upside down
Corporate ownership of single family homes is the issue
There's only one fix for the housing market: Trump 2024 🇺🇲
I agree. One of American's most famous slumlords
could fix the housing market the same way he fixed his properties ...
by declaring bankruptcy over and over. Great point!
Commie NPC ALERT
👉@@bully3808
Trump lied about the square footage on his own apartment😂😂😂😂😂
Trump could just triple the square footage of everyone's property and we all get rich
I'm retired and just bought a house on the beach in San Diego. So, what's the problem? Go Bidenomics GO!!!!
The problem is out of control speculation in the market, NOT interest rates!
Maybe 5 to 6 years before anyone thinks of seeing 5% on a 30 year if you are lucky.
They are way overpriced.
I think this is mostly because corporate hedge funds have bought up massive amounts of vacant properties and held them off of the market to artificially prop up prices. Some of this problem also has to do with rather stringent zoning regulations in some jurisdictions.
Define “overpriced”
@@chetpomeroy1399 there’s no money in “holding vacant property off the market”
@@TrumpCantRead That depends. For example, they can write off their vacant properties on their annual federal income taxes. Depending upon how much they keep vacant, as well as the size of their income-tax liabilities, the savings could be more than what they would be able to get filling those vacancies.
@@TrumpCantRead I believe I've explained this to you previously elsewhere, but a house or other property for sale can be "overpriced" if it *doesn't* attract any buyers. The seller of the property can either sufficiently *lower* the price to attract buyers, *or* take the property off of the market. Again, this is *The Law of Supply and Demand.*
Yeah it's interest rates, but also real estate taxes, insurance, energy and inflation on everything else.
Air BNB are absolutely not helping either
Major campain donors .
YT gonna block you 😂
Airbnb helps me afford my first home. I live (“illegally”) in the garage with my family of 6 and rent out the rest of home.
@@kristinix8380 “not helping” who, you?
Moron Mail
It's not the higher rates, its the fact that the home prices are way too high.....overpriced....we need to go through foreclosures etc....lower rates equals higher prices
Here’s the problem with low interest rates… when interest rates are low people buy more house (larger home over paying inflating home values) instead of buying the house they “need” and paying it off faster.
And the long term consequences of inflated home values… higher property taxes and higher home owners insurance.
At the end of the day Americans are just bad with money.
Prices were high before interest rates went up
Lower section 8 payments and other government programs will bring the rents down, and that will bring lower prices for buildings. NYC pays 3000$$$ a one bedroom apartment for section 8. Working men can't compete with government checks.
Kevin should be the face for Fox News with Kayleigh
This isn’t “news” kid, this is what FOX calls “entertainment”
Cost of lumber is high, 8 million tons of Lumber burnt down in BC,
How would lowering the interest rate stop the home price raises? It will only increase the home price as the demand will increase
I love how interactive the creator is with the community. So rare these days!
House on the market now had a buyer could qualify for the load but insurance is so high they could not afford the insurance. Back on the market hoping someone comes along.
Who cares ?
Biden is still in WH we will have a lot of problems. Vote for Trump 2024
Name 10
Trump would likely force FEDs to lower interest rates wouldn't that make real estate go up?
@@vishnu2699 POTUS can’t “force the Fed” to do anything.
Vote Trump, to throw out Bidenomics, and reinstate MAGANOMICS!
Seal the border and energy independence. Huge improvement to our economy.
Rates, terms... blah blah blah. The truth is mass investment by Wallstreet keeping millions of empty houses off the market creating an artificial short along with government greed through taxation is the problem. Housing is 2x 3x what it shiuld be ...End of story
Hilarious claim, and a clear lack of understanding what a “short” is.
Now please explain how YOU calculate what the housing costs “should be”.
The only way to make money in this housing is unloading at these levels. If you think you will be first to get out in rates reversal you are mistaken. You will be holding the bag in a year.
LAUGHABLE to think a real estate tycoon eill make housing an America affordable again.
Housing proponents always want low interest rates.
While this befits real estate, it fouls up everything else.
The problem of inflated house prices was caused by low interest rates in the first place. House prices are at least double real value because of that.
@@eugenefirebird8938the low interest rates were caused by the Bush/Cheney 2008 financial crisis. Republicans always do this kind of stupid stuff and a Democrat has to clean it up. Kinda like Trump inheriting the longest running economic recovery in American history from Barak Obama and handing Biden the worst economic crisis since the Bush Great Recession
The housing market isn't a factor in deciding rates, nobody at the fed cares what a house costs. Rates are determined by how much money the gov printed, and by that amount how much the banks need to claw back so they're not left holding the bag. They do it through somehow charging more to do the same job, aka interest rate hikes. It's the great financial scam cycle.
@@eugenefirebird8938 I partially agree with your comment.
While low interest rates played a part, the major actions that really ignited inflation were two things: the scene was set using "quantitative easing," i.e., repeatedly raising the debt limit and using the limit to issue U.S. bonds ny the U.S. Treasury that were "bought" by the Federal Reserve thereby increasing the debt of the U.S. government. What truly started eroding the purchasing power of money (inflation) was requiring the country to shut down during Covid and paying people money for staying home and producing nothing. These two actions as other little actions, became kindling to the forest fire and helping it grow out of control.
“everything else”? - how does it “foul up” the NFL?
20%-25% tax on your 2nd purchase house would likely fix everything. So we can tax on different income bracket but can't tax on buying a second house?
“second purchase house” !!
Dunno who “we” is but how would YOU know who is buying a “second house”?
Just have your spouse buy the house. This isn’t a fix all as you think it is.
Tax law change would fix it overnight.
We went from a country that hated paying taxes to a government we no longer recognized.
To lets tax everything thing anyone could possibly own.
He hit that nail on the head!
Isn’t printing money not back by anything counterfeiting?
Not if it’s legal tender
Repeating the comment below, "Outlaw corporations, foreign countries, and illegal aliens from buying property or land."
If you lower rates they will just raise the price of the houses. Regulation needs to be cut so more houses can be built. Inventory increase is the only thing that's going to help or a housing crash or a housing prices just come down
It has been said that private equity firms and corporate hedge funds buy up excess supply and hold it off of the market to artificially inflate prices. Perhaps the Feds should force these corporations to divest these properties.
@@bullethead67ful Dunno who “they” is but houses sell on the free market.
you'll never see that kind of buying behavior again.
@@TrumpCantRead This is true, unless large economic entities such as corporate hedge funds buy up massive amounts of homes, leaving a percentage of them off of the market and vacant. Remember, leaving at least *some* of them vacant would allow these hedge funds to write them off at tax time, and the savings could be more than the income generated from just allowing their vacancies to be filled, allowing them to minimize their income-tax liabilities.
@@douglasgilbert486 How can you claim to predict the future?
I'm a single guy, I will be purchasing a home as a single guy.
Yeah they always talk about "household income" like everybody has two earners.
@@eugenefirebird8938 “always”? How do you claim to know that?
Single people don't need single-family homes. The average single person has never been able to afford a home. Get an apartment. If you want to start a family, then both of you can work and afford a home
@@exnecross3141 do you have any facts? I ask because your entire post is nothing but opinions
@@TrumpCantRead I told you a fact. You don't need a single family house as one person. You can make do just fine in a 1 bedroom apartment. The other fact was that the average home in america has never been affordable for the average single income worker.
I can give you an opinion though, but I don't think you'd like it.
Where living in the last days let some of have something before money and material things want be an issue.
Kevin oleary knows his stuff.
They are letting people in this country with high interest rates? Why?
People do not have “high interest rates”
Luckily my mortage I bought in 2020 is 20% of my after tax income .. can’t even imagine what it would cost to buy a home right now
In my area it’s nimbys not allowing building
“Nimbys” don’t have a say if the proposed project meets code and existing regulations
@@TrumpCantRead nimbys vote in the regulations
When your government people are living better than the private sector people that's inflation
Ban !! Real state companys from buying houses , apartments, and condos no longer letting them to be able to set the market prices !!!! Sending the housing markets, down the road to a catastrophe in real estate for future home owners ...just like what has happened in Comercial real estate ....huge mistake . Greedy landlords!!!!!!!
Let people own their homes!!!!
America's Inflation Rate 3%.
Lower that Australia, Great Britain Rates.
Quite the cherry-pocked out-of-context stat you got there.
3 inches of snow doesn't sound like a lot the day affer a blizzard that just dumped 3 feet. Our 3% inflation right now doesn't tell the whole story, and you know it.
@@chepaco3290 I know, that you know, that WE know, you cannot know, what OP “knows” or what OP does not know”know”.
Please Kevin. The problem is not interest rates. Although currently high, they fluctuate giving one the opportunity to refinance. The real problem now with housing is the INSURANCE RATES AND PROPERTY TAXES. Insurance rates never go down, only up and homeowners are seeing insurance premiums double, even triple. That's the REAL problem with housing now. Even if you can afford to pay for the house, you will not be able to pay for the property insurance.
then sell the house.
Only in certain markets.
temporarily buying small houses might be a good solution.
Rate cut will never happen.
It will happen very soon
He’s a real estate investor of course he doesn’t want more inventory bc then his stuff would go down in value simple supply and demand economics.
The average US salary is 60k....not 80k...In the US, 50% of employed workers make 30k or less... thats the reality that these MSM folks like to avoid covering
I'm single, on my 30s and financially stable. I own a house with 4 bedrooms and 2 bathrooms. I live alone in the house, and I don't have kids. The mortgage is already paid off so I don't need to worry about paying monthly mortgage. Owning a home feels peace of mind.
Not everyone gets an inheritance, but congrats
@@gomathhomework7383 You welcome
Running over people with a boat?
.souls, kevin it was about souls.
✝️🩸
One candidate is building other than a wall. Vote.
Why are houses expensive again when its the same crappy house just new lipstick?
My suspicion this is the case because corporate hedge funds and other massive corporate entities have bought up excess supply and held it off of the market, artificially inflating prices.
Why do you claim they are “expensive”?
That’s a relative term to every buyer, and a meaningless one to non-buyers.
@@chetpomeroy1399 what is “excess supply”?
@@TrumpCantRead are you serious? How much was that same house 20yrs ago? It's the same older house now for a more expensive price.
@@TrumpCantRead It can be complicated. "Excess supply" *could* be defined as vacant houses and/or rental units that private equity firms and corporate hedge funds decide to hold off of the market at a net profit. As I've said to you elsewhere previously, it could be less costly and more profitable to leave some of their properties vacant to write them off and lower their income-tax liability during federal tax time.
Stringent zoning regulations are an important factor in this equation, in some jurisdictions. Prices need to be commensurate with paychecks; it's that simple.
You have it backwards.
@@TrumpCantRead We'll see when businesses start cutting payrolls, and those paychecks start disappearing. After all, the bank needs *income verification* to authorize a loan, and landlords need the same thing to justify accepting a tenant.
@@chetpomeroy1399 your predictions are irrelevant.
@@TrumpCantRead Economic downturns in the context of business cycles aren't "predictions," they're present-moment realities. I'm well into my 60's, and have lived through *several* of them. Some were real doozies.
@@chetpomeroy1399 no prediction is a “reality”, and your “argument from authority” is a logical fallacy.
Now what’s this talk about a “present day” “down turn” - Are you claiming the United States is in a “down turn”?
And why did you claim “(housing) prices need to be commensurate with paychecks”?
The market does not care where the buyer’s money comes from.
Trashing the chips and science act isn't smart. It's been very successful in bringing back dominance and jobs to the US and we need to see more of it rather than outsourcing again and again. Kevin should know better. The rich get richer and the poor get poorer. Trickle down doesnt work.
I’ve been involved in the infrastructure development business for several decades. More and more people. Aging infrastructure. Diminishing water supplies. Diminishing resources of all kinds. Sure, building more sounds great. That leads to even more people and more fights over resources. He’s a typical short term solution guy. Just like Trump. These problems have no easy solutions. Start there and look for people who have a bigger picture understanding.
And Biden brings in millions more people
Houses built 1940/50/60 were 3 bed/1 bath 1200sqft. New houses are 4-5 bed/3-4 bath 3000+sqft. I wonder why they cost sooo much more?
Your equivalency is false
The only solution is to increase the supply of single family homes on the market. But if you do that, *everyones* house will be worth far, far less so everyone who bought high are completely underwater
The city of Seattle used to allow only one house on a 50x 100 foot lot.
A couple of years ago, that was increased to a total of six single family homes on a 50x100 foot lot.
The price of those single family houses (mine included) are going up rapidly now that FIVE MORE HOUSES can be built on smaller lots.
I like Kevin O’Leary very intelligent man knows his business. Remember back 3 1/2 years ago when President Trump was an office Americans didn’t have any of these problems. Just remember that.
We are not paying more for the gasoline. Stop lying . Lowering the interest will lead higher housing prices. Interst rate is high so that the Inflation can be contained.
We did increase building. Now its slowing down. Im financing with 20% down. Better have a loan company that'll truly believe you've got 5k a month.
The housing crisis is truly alarming.
Pure greed at work.
What “crisis”?
@TrumpCantRead why are you commenting? you’re the top commenter on this thread and you’re useless.
I think he missspoke. The average salary is not 85k.
Nothing. My moms house was 25k, now 1.5 mil. Nonsense.
Sounds like nonsense
Relax RV parking restrictions and install millions of functional new campsites with utilities for a few hundred bucks per month. Problem solved. Residential zoning is not only broken, its obsolete as a concept.
Go for it! Sounds like a great opportunity for you
No guys would a robot remember its first moments of life? Being powered up on the assembly line? Could it describe the environment and the people around it? Its day to day existence if you asked?
The only way to fix this is if the economy collapses
What is “this”?
Real state corruption
Interest rates r d problem
Why?
Bought our first home in '81, took on a 30 yr. mortgage at 17.5% (yes indeed), 20% down, and paid three loan "points" the bank charged those days. House was a starter-upper, $44,000. Had to commute 1.5 hours to work each way but did it. 40+ years later we are on our 4th (and hopefully last) home worth a few hundred thou. It was all worth it.
he has zero interest in making housing affordable. People like him are disrupting supply by buying properties and renting them out for exorbitant prices to average Americans. Younger Americans move from state to state every 3-5 years in search of affordable housing. It's exhausting. Some of the things we can do to fix the housing problem:"
1- The Fed needs to limit investment properties to maintain a decent supply-demand ratio.
2- Give relief to people from property taxes.
3- Reduce regulations/ red tape so builders can build more houses QUICKLY.
4- Limit immigration to ensure average Americans have a place to live (we need to learn from Australia and Canada how reckless immigration can lead to a housing shortage).
5- Develop suburbs and incentivize people to move away from the city to prevent the concentration of people in an area leading to high costs.
Let it crash
I have no mortgage taxes are paid. I want to sell and move.
I'm retired and just bought a house on the beach in San Diego. So, what's the problem? Go Bidenomics GO!!!!
So do it
Lies lies and more lies. Build more AFFORDABLE HOMES. all I see if Toll Brothers and other 700k+ homes.
Up until three and a half years ago we were all doing pretty good.🤔
Dumpy left office with FEWER jobs in USA then when he started.
So…….. explain
Corporate ownership
PERIOD
Fiction.
People need to get laid off, so they have no choice but to sell
When you think about it for people working two jobs one job you have to pay you gang to take and your other job is you to survive on, what the gang needs to do is stop taking 45 % off our pay cheques and people would be way better
The house passes today automatically registering for the draft is compulsory meaning they have started the draft of 19 to 22 years old. Tell me we are not in WW three right now.
wait… what’s the difference between “automatically” and “compulsory” in this context?
@@TrumpCantRead
Ever heard of Black Rock?
@@TrumpCantRead
Black Rock owns most of the real estate in Ukraine and Russia owns the rest. Black Rock loaned Ukraine 500 million dollars using the real estate as collateral. Ukraine hasn't paid for two years. Next month black Rock will take the collateral unless Ukraine pays and the Ukraine is collapsing.
@@TrumpCantRead
Black Rock owns most of the real estate in America too, single family homes and commercial real estate
@@TrumpCantRead
The government privatized infrastructure so black Rock owns most of the freeways and bridges and soon we will get charged a toll bridge fee and turnpike fares
Live in an RV
YOU WONT OWN ANYTHING LONG TERM BUT YOULL PAY MONTHLY FOREVER
Reducing rates would only exacerbate the problem with housing further inflating in price.
The solution is to loosen up restrictions on permits to build housing, reduce taxes especially those on property and estates, reduce govt pensions dramatically, crack down on squatters…
sounds like China
None of this matters. A vote will not defeat an algorithm.
Can republicans for one time have a conversation and committee about helping Citizens?
Or, as my father always said, "Now that you got that job in the big city, you starting driving out of town until housing prices are at a level you can afford and you have to commute to work." However, now I get the impression just everyone has that idea and everything no matter how remote, is all expensive.
@@donaldkasper8346 define “expensive” in objective terms
@@TrumpCantRead 3rd or 4th quartile in a statistical population bell curve.
Boomers had it so easy.