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.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Finding financial advisors like Natalie Noel Burns 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.
I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look Natalie Noel Burns up and send her a message. You've truly motivated me. God's blessings on you.
I’ve been following you for roughly 2 years. I’ve waited and waited for a housing market crash since 2018. Each year being told it’s coming it’s a bad time to buy. Clearly I’ve been wrong multiple times at this point. For anyone who reads this buy your house when it’s right for you. Don’t wait for a crash or for someone on UA-cam to tell you when. Do what’s best for you. Just my 2 cents at this point.
Exactly. I almost missed out on my current home last year by listening to too many of these types of creators. A broken clock is right twice a day, so will there be a correction? Eventually I’m sure there will and I hope so for my kids sake! Can I wait and time it perfectly to walk away with a veritable mansion on 100 acres for $250k? I’m struggling to believe that I could be so lucky if things in the overall economy are so bad at that point. Also, I got a family to raise and I’d prefer to start doing that now on a modest home on small acreage than wait in a rent house in town anymore. Look for a deal, buy if you can comfortably afford it and start living that life you’ve wanted in your own space. Just don’t over extend yourself!
Haha definitely dont get investment/expert advice from the tube, that is fail. Plus, naysayers will eventually be right considering that “business cycle” is a thing, shoot, its like saying joeblow will die some day, of course he will, everyone does at some point… so yeah, take that as you will, that said, best thing you can get from the tube are “ideas” , then go do proper research/education, you wont make money on information readily available to the masses, except maybe off of a long term strategy, ie decades
Reventure app. Moving to Saint Louis, it is its own bubble of a unique type. Crime. Housing prices have dropped around 15% in the surrounding area, but taxes have increased around 36%. Miami Dade has increased over 100% in the last 3 years as well as taxes, and insurance that is being consolidad. "it's just the gully"(The big short) , "you will own nothing and be happy"(WEF 2003). Just a little bit to think about.
I agree with Warren Buffett, the commercial real estate market is about to have a massive crash. People are just working from home now that use to occupy those spaces. But the major thing, banks should get absolutely no bail out- they can afford to take the hit and climb themselves out. This certainly will not crash banks, but they can’t be using tax payer money as a piggy bank for risk they assumed.
Good. And hopefully it affects those people and LLCs that owns 3 to 5 properties who uses them as AirBNB business or a way to claim losses in their taxes. They are already taking away homes from potential homeowners.
I gotta say this channel is more of a “I’m going to predict this so much that when it happens I’ll be right” than a helpful channel. I swear I’ve watched this video multiple times every year from this guy.
I worked for the 2nd largest REIT in the country in the mid-70's. More than 75% of their loans went bad. So they took over the properties, filed chapter 11, became a property management company, and came out of bankruptcy a few years later. Every generation has to learn how risky commercial real estate is.
In 2010 I bought my house in government repo for 20k . 2000 Sq ft brick home built in 60's .. in a tiny panhandle ghost town in Texas. Couldn't care less what happens to the mortgage markets. Or the job markets . Or any other markets. Easy to raise and grow your own animals and feed for them ... rabbits , chickens , cattle , goats , pigs , ... fishing in the creeks ... spend less than 800 a month all bills and insurance .. cake walk living miles from the nearest living wokester. Not bad.
You’re considered a socialist if you bail out the working class, but you’re considered a good capless in this country if you bail out big banks and other corporations that created the risky conditions in the first place. I say let the big failed collapse, and we have smaller banks in this country that take less risk.
It's ALWAYS...ALWAYS a Housing Crisis!! It's just that only now NO ONE that needs one can afford to buy a House! Investors are the only ones buying houses!
@@MHFIN "someone" may very likely be money launderers. Look up "Transparency International" + "what is snow-washing", and "The Cullen Commission" (Final Report entitled "Commission of Inquiry into Money Laundering in British Columbia", June 2022). It's estimated $47-$100 Billion in Canadian real estate has been bought via laundering money through Canadian casinos & real estate flipping. Int'l "students" with reported 0 income are buying multi-million dollar homes. Mortgage fraud is rampant in Canada.
I asked the same question when i was in college for architecture. This isn't often considered due to the cost to do such. Even though it would appear easy at first, the amount of additional infrastructre and codes now needing to be met to do such makes most office space unable to be converted to residential, without paying enormous amounts. it's just a game of budgeting, if these units drop by enough than people will indeed start doing this, but it'd need to drop a whole lot.
@@apple1231230 spot on. as an architect how much you think to make viable? 50%? because that amount has already happened in San Fran with several large buildings
I can see commercial properties going down in price a bit, but not residential. The problem is that the housing inventory is low and there aren’t enough new homes being built for the demand. On top of that, about one third of blue collar workers will be retiring in the next ten years, and that will continue to diminish supply (because there won’t be people to build them). Materials have also gone up in price since the pandemic, which means houses will hold a heftier price tag. The only thing that is keeping residential prices somewhat stable right now is the high interest rates, and once inflation stabilizes at around 2%, the rates will go down and we’ll be off to the races again. I also don’t see another 2008 scenario, because the banks are more careful about who they lend their money to. It is highly unlikely that there will be a flood of defaults from toxic loans like before. I’m sorry to say, but the middle class is being squeezed out of prosperity. The only thing I can think that would help is to follow Dave Ramsey’s Baby Steps. I wish you well.
There isn’t enough population to support the “low inventory” theory. There is a very high residential vacancy rate. These properties have costs and depreciation. Depreciation can be written off on taxes.
15:10 So, God doesn't move fast enough for you, or time if you prefer. Problem is, is that we are up a river with out a paddle and right around the next bend is a huge waterfall most can't see. Sure, some will survive, but the ones who don't will be screaming at the point of no return- Why didn't someone tell me this could happen! Why me? Point is, only the strong (prepared) survive! Only one to blame is yourself for not being prepared when you get a monkey wrench tossed in your spokes in the big wheel of life!
Professional investor here. Bought a bunch of Florida RE in 2010-2013 after avoiding 2005-2009. Do your own research is the only advice I can give you. An argument could be made that prices are fair if interest rates decline or are overvalued if they remain where they are now. It’s fluid, which is why nobody has a crystal ball. Personally, at this precise moment, I am not buying.
Don't forget that one of the superstars of so-called stable investment portfolios, including millions of 401k's, are REIT's and big firms like Blackstone who are deeply invested in the commercial sector. The direct impact on the average citizen's retirement egg will be devastating.
the largest wipe out in world history is going to be goooooovermint bonds which will wipe out all retirements,pensions,lucky to get 10 cents on the dollar,44 trillion up in smoke--it is all about debt,debt debt,did i mention debt? if you have unmanageable debt your done..
"...including millions of 401k's, are REIT's..." I RARELY ever see REITs in a 401k maybe one in a hundred. All I do all day take calls on people's 401k's. It's not common at all, IME. We don't even include RE as an asset class in our analysis because it's so rare.
We have discovered that we don't NEED all the buildings, stores, malls, meeting halls (we still need more nursing homes, too many old people, even WITH Covid, but the problem is: All the buildings are Mis-used, or unused,, or not used efficiently enough, etc IF we turn a BUNCH of the commercial living space into Living space, it will level out. If it has a bathroom, it can be Lived In! It's just to get the process started. We did it with all the old one room school buildings we didn't need, now just to expand into old Burger King's & Walgreens.
Personally I don't think I will ever buy a house.. certainly not the traditional 5/3 or whatever. HUGE money out of pocket (with all kinds of character attacking restrictions before you can even give it to them), tons of taxes and fees, HOAs taking more money and restricting my use of the property, then paying thousands each month to never see a different thing out my window, ALL for 4x what it used to cost when I became old enough to dream of a house, and now at interest rates that my generation never knew were possible?! (yes I know boomers and some early x saw double digits, I know). NO FUCKING THANK YOU.
I use to feel the same way but I bought 15 years ago and now my mortgage including tax is half what rents are in my area. So yes to start it will feel like lot more than renting but over time it becomes the opposite.
Good point. Most people wouldn't even care to pay close attention to these events, thinking only one big event would collapse the ponzi. It's the small iterative events that actually drive the big event. Play close attention to the details, not headlines.
Sure, it can. But this dude has been posting doom and gloom for 2 years now saying it WILL happen *any day now*. @MHFIN is kind of a joke @@toinengwyn3935
UA-camrs will say the housing market crash is coming every single year until it happens 😂😂and THEN they will be like “see guys i told you it was coming” 🤡🤡🤡🤡🤡🤡
@jzilla2413 People who have zero patience also assume when UA-camrs say “there will be a housing crash” expects it to happen tomorrow. The housing market is not the stock market. When the bottom falls out it will fall fast. Every indicator is pointing to a correction. For example 2008 is a reference point in time in the housing market but to get to the 2008 housing crash it took years before it and multiple years after to fully recover . It’s not an overnight thing. A correction is coming
I try to back it up with evidence and interview clips. Don’t think anything in the video was false. Like everyone else, when it comes to the future I’m speculating
I started investing in the stock market because of dividends. What matters, in my opinion, is that if you invest and earn more money in addition to dividends, you will be able to live off of dividends without selling. It implies that you can pass that on to your children, giving them a head start in life. I've invested over $600k in dividend stocks over the years; I continue to buy more today and will continue to do so until the price lowers even further.
It's always inspiring to hear from a veteran investor who has weathered the storm and come out on top. When your portfolio turns from green to red, it might be unsettling, but if you have invested in great companies, you should just keep adding to them and stick with your plan.
I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years
There are many financial coaches who excel in their profession, but for the time being, I employ Eleanor Johnston Sorensen because I adore her methods.
My neighborhood has had the most houses for sale since the hood was built 24 years ago 8-11 never seen more than 4 at one time,I sold mine,gets up to 11 2 or 3 sell then 2 or 3 more come on line,alot of older people moving on the property tax is killing us,HOA not bad for all of our amenities.but these taxes in Ohio are insane.not as bad as Jersey but still we are in a corn field.
For most people, the value of the house is a bit irrelevant. It’s more based around can they afford the monthly payment? If I was a homebuyer, I would be less worried about the value of my home, and more worried about what is the likelihood that I will have my decent paying job in the next year or two. I think that is far more uncertain than house values.
I can tell you this. Average everyday Americans with normal families don’t give a Fffff about commercial real estate. We only care about everyday inflation and these unaffordable home prices.
Small banks usually partner up with other banks when a loan is too big for a bank to handle. The risk (and profits) are shared so as to keep a single loan or 2 from bringing down the bank.
I bought in 2008 for $650k then watched it drop to $500k in 2009. I thought I made the worst mistake seeing my new home value drop 20%. As we now know this was the worst housing crash in history. But I kept the home and now it’s worth close to $2M so now it feels like the best decision ever. So I don’t think buying can ever be wrong unless you’re looking to sell fast.
Wow...I bought mine in 2003 new build 101 for the house and 36k for the lot,just sold it for 282,000 this HOA is keeping our values down plus high tax in this part of Ohio.
@@o9rgeronimo979how did you figure 1800. Did you add taxes 7000/year, insurance another 7000 and maintenance assume 5000/year. Note that those three expenses add nothing to the value of your house. Not counting for inflation these 3 items will cost you almost twice the nominal price of your 300000 house over 30 years. What an investment!
This is more of a correction than a depression. Businesses have not shown updates and improvement on things like buildings so all property must match like they are cars. They should become deprecated over time without any updates and improvements.
Single family homes haven’t gone down in price around decent areas of FL. It’s the states that depend on big cities that are trouble. Commercial building prices crashing will add to the woes of cities. People have been moving to the sun belt for decades. The pandemic sped up the process. That’s the art of war
Commercial Real Estate started showing signs of an eventual collapse and disintegration 20 years ago and the industry and banks have had that long to prepare for its demise. The industry has also had that long to study the problem and identify where, why and by whom there might be continued demand for office commercial real estate. Anyone clamoring for a rescue plan or saving businesses including banks has had his head in the sand for a long time.
When the consumers are hit with financial problems..the economy struggles...when the top .01% of the population (big commercial prop owners)take a 50% hit..the overall economy doesnt get hurt as bad..IOW cry me a river about billionaires taking a hit.
The one benefit of listening to this channel is that i kept waiting and finally had a large down-payment so that with the new rates, i only had to take less mortgage. So the crash hasn't happened in 4 years, i doubt it would be a huge crash considering the supply situation. Always look at st louis fed statistics for your market before making a decision to buy. That is where the real data relevant for your market is, i wish they had a youtube channel updating the market situation for all locations.
@MHFIN I made the decision after looking at the st louis fed statistics for my market. I was also able to get a unique mortgage product, which put my rate below 5 in July 2023, plus the house was very compelling and unique for the asking price.
Everything is worth half of what folks think it is. Stocks, bonds, real estate all of it. WE are getting ready to have a collateral, liquify, and debt crisis. It is just starting.
This analysis missed a huge issue - that once the bank grew to over $100B in assets, regulations required higher loan-loss reserves. Why this was a surprise to NYCB is the biggest question - and why their chief risk manager left is another red flag. That said, they cut the divvy significantly, but kept it in place. If management thought things were dire, they would have dropped the divvy to one penny (to keep divvy funds). At current valuations, NYCB seems a reasonable risk-reward. The Fed is in a difficult situation - they desperately want to cut rates to bail out the banks and CRE REITs as hundreds of billions of loans need to be refinanced in the next few years that will wipe out a lot of equity and drastically reduce REIT payouts due to huge
Hopefully the banks are able to restructure the commercial loans and keep them performing. Just like they're terrible residential landlords, they'll be terrible commercial landlords!
According to your video, yes, it could be disastrous. For the banking system, Which might in turn be disastrous for the economy and the public at large, thank you.
In the Bellevue/Redmond WA area there is a very large immigrant community working in tech. As AI begins to replace them Im expecting mass layoffs where they will be forced to return to their home country. There is definitely going to be a hard real estate crash here.
My friend has been with Amazon in Seattle as a division manager. He has said for last few years that ai is doing 80% of the work. How long before the layoffs come? Maybe never? As they know it would crash everything.
The US is 30 trillion in debt. The "housing crash" will not be like after 2008, but eventually if inflation hits Weimar Germany levels, housing will become cheap in comparison to something like food.
Yes I know commercial is bad but bulk of the market is residential. I work in the residential market. If there would be a crash, it would be a year ago when most people in residential were out of work but telling you from experience, residential is picking up pretty significantly
Something not mentioned is id they can't make thier lease payments the owner can't afford maintenance. Maintenance will be neglected and yeats from now building will becomed unliveable and could even have to be torn down if they don't collapse first.
a broader real estate price correction is to be expected. the prices of everything real estate has just become absurd. could that mean we're going to see a depression, yea maybe. ultimately though i think it's a good thing.
Economic cycles take years to play out. He makes good points about the systemic problems, and the reality is that if the fed doesn't drop rates and flush the banks with cheap cash again soon, we are going to have a serious problem.
@@CharlieBam I agree, it's actual and probably accurate. The issue is that as the saying goes "if you're always forecast rain, you never enjoy the sunshine". So in all this time if you've been risk averse then you've had multiple years of missing out on profit. So it depends if those profits are larger than the losses you endure during this predicted global crash.
@PutSomeDsonThatBlink great point. I like JP Morgans old quote to be fearful when others are greedy, and be greedy when others are fearful. But JP also lived in a world before the entire economy was so completely managed by central banks that will always attempt to bail out any pending recession. In some ways, the only good advice now is to be greedy. At least that's the only good investment strategy since 08. My best advice to someone right now is to invest in a personal business if at all possible, and be super careful with leverage because the money system has been insane lately. Unusual circumstances tend to create unexpected consequences.
Yeah. Like Harry Dent Junior last night on "Coast To Coast AM Radio" with George Noory!!! 😀😃😄 Harry has been "Consistently wrong" about predicting "Doom and Gloom" and, "Housing and Stock market collapses", since the "Summer of 1982", when the last "Housing and Stock market collapse" took place. But, during the past 41 years or so, he's gotten "Very, very, very Rich", selling his "Doom and Gloom Economic Crash books"!!!!! 😀😃😄 Remember: "Harry Dent Junior economic books predicting Terrible economic crashes" are for "Entertainment purposes" only. 😀😃😄 P.S. Unfortunately, I found out too early. I think.
This just in. A prediction was made today that MHFIN will have a devastating viewership crash. Investors are urged to unsub as soon as possible to avoid disappointment or loss.
so i'm i understanding this. the banks make bad loans so instead of suffering the loss they make the little guy workings 9-5 pay taxes and the government gives all the money away to make sure the rich people don't lose any money. tell me this isn't what happens. that's not true is it ?
Take a look at the data from the last downturn. It took a number of years. There is no denying that the housing market is showing signs of weakness in many areas.
@@cabot100 true. However now there are way more govt bailouts in place preventing a price crash and inventory: stimmies, $0 fha down payment, mortgage forbearance, loan mods, 40 yr loans, eviction and foreclosure moratoria, on and on
Comp prices are a trailing indicator. In residential I don't think we will see a collapse. However in commercial, which this video seems to be about, has no other options. Forever vacant or price drops to the point there is margin to turn commercial office space to flex space.
Commercial real estate will be consolidated 4/1, keeping 25% of the space, but it doesn’t mean that 75% will sitting without occupancy, it means that some offices will моve to the сестер😊😊😊😊
If you call for a crash every year, at one point you'll be right. Getting sick and tired of "Financial" UA-camrs scaring the shit out of people. Be smart with your money, invest in good boring companies that have a proven track record of growth and show a continued future of growth, buy a home with the expectation you'll see extra expenses outside of your monthly mortgage and could see a crash over your course of ownership (but as history shown it will likely recover), have a nice fat nest egg in a high yield savings account that you defend against inflation as much as possible without leveraging risk, and don't listen to "financial" UA-camrs who call for a crash every single month or try to tell you AMC is a good investment. I'll see y'all next week when @MHFIN calls for another crash.
Article: How the Ruling Class Became Vulgar "Well, they do need to keep these institutions going. They’re just not, it seems. There’s a hostility to reason, science, and culture - which, when the bourgeoisie was on the rise in the nineteenth century, used to be very important to its mission of establishing its legitimacy and domination of society. Now they just seem to be dominated by moneymaking and the accumulation of the maximum amount of money in the shortest period of time."
Obviously, higher interest rates means higher costs of capital for property investors. Translating into higher cap rates, thus lower property values. Office properties are in troubled because rents are also declining. Because of over supply. Many apartments are also having problems because cap rates were obviously far too low. On the other hand, retail properties suffered huge losses during the pandemic, when shut downs translated into tenant rent defaults. But, cap rates are now higher in retail, pushing property values a bit lower. But not to default. As interest rates decline, cap rates should follow. But it’s going to take time. None of this is news. Everyone knows offices have been in trouble for many months. Too many commentators look at the large portfolio of commercial loans and defaults from offices and convolute the two. Office loan portfolios are getting written down. So are some apartment portfolios. Banks with large exposure could fail. If so, the FDIC will bail out the depositors through special premium assessments, just as they did the Silicon Valley Bank. But, the weakness in the office sector isn’t large enough to threaten the whole banking sector. And the real opportunity will accrue to the vulture funds that pick up these properties first pennies on the dollar.
its just not work from home that led to crisis ,many tech companies are opening offices in tier 2 cities or in india watch interview of belgium born billionare who settled in india tier 2 cities so that he can hire best tech talents at low cost as these cities are easy on rent and housing he moved his office to buffalo in USA after burning 3 million in funding
Oh come on. Utah is like a solid red are you kidding me? Hahaha Provo and Salt Lake City, Utah, could definitely drop as I read they grew a lot. Salt lake like went up 17% a year for 5 years or something Jimmy Rex showed. Like that’s better than stocks.
It's funny the person below said what they did, because I was just about to ask so when is this going to happen because he has been talking none stop for years like it's happiness no its beginning to happen its now its began.
“This time it’s different”. People are slowly losing their jobs this year, they can’t pay their car loans, Next they have to sell their houses. Used cars are dropping and houses are shortly going to follow
@@hockeymikey Yeah, that’s his shtick! It works and that’s the age of mass communication we are in. It’s like those weird fake news papers you would see when you check out at the grocery store that report crazy stories like aliens. You know it’s outlandish but it’s grabs your attention and curiosity
There are NASCAR tracks & facilities that stand empty 364 days a year. (Well, add a couple days for moving in & time trials.). People could live there almost ALL YEAR, then vacate for a week for the one event, and move baçk in!
Just a wild guess on my part, but I believe that the SHTF time will begin sometime after January of next year. The powers that be that hate freedom have been shoring up the markets as best they can, realize this can't be sustained, but are waiting for the time when a certain someone could possibly be given a plate full that even he can't handle. Alot can happen between now and then. I admit my analysis is very simplistic. I will watch and wait, and time will tell.
Screenshot this Idiocracy. Come back in a year then see what’s up. These type of whiny dudes are always wrong. Name one time you were correct? -Curtis Loew
YES! A video agreeing with what I have written here on UA-cam many times. You can't increase costs so severely and suddenly without a negative impact. Every single rental property should have their property tax increase by an amount equal to what the home's value has become even temporarily due to this foolish price increase.
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.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Finding financial advisors like Natalie Noel Burns 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.
I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look Natalie Noel Burns up and send her a message. You've truly motivated me. God's blessings on you.
I’ve been following you for roughly 2 years. I’ve waited and waited for a housing market crash since 2018. Each year being told it’s coming it’s a bad time to buy. Clearly I’ve been wrong multiple times at this point. For anyone who reads this buy your house when it’s right for you. Don’t wait for a crash or for someone on UA-cam to tell you when. Do what’s best for you. Just my 2 cents at this point.
Exactly. I almost missed out on my current home last year by listening to too many of these types of creators. A broken clock is right twice a day, so will there be a correction? Eventually I’m sure there will and I hope so for my kids sake! Can I wait and time it perfectly to walk away with a veritable mansion on 100 acres for $250k? I’m struggling to believe that I could be so lucky if things in the overall economy are so bad at that point. Also, I got a family to raise and I’d prefer to start doing that now on a modest home on small acreage than wait in a rent house in town anymore. Look for a deal, buy if you can comfortably afford it and start living that life you’ve wanted in your own space. Just don’t over extend yourself!
Haha definitely dont get investment/expert advice from the tube, that is fail. Plus, naysayers will eventually be right considering that “business cycle” is a thing, shoot, its like saying joeblow will die some day, of course he will, everyone does at some point… so yeah, take that as you will, that said, best thing you can get from the tube are “ideas” , then go do proper research/education, you wont make money on information readily available to the masses, except maybe off of a long term strategy, ie decades
Same I waited for years! I just bought one this year, couldn't wait no more.
Reventure app. Moving to Saint Louis, it is its own bubble of a unique type. Crime. Housing prices have dropped around 15% in the surrounding area, but taxes have increased around 36%. Miami Dade has increased over 100% in the last 3 years as well as taxes, and insurance that is being consolidad. "it's just the gully"(The big short) , "you will own nothing and be happy"(WEF 2003). Just a little bit to think about.
prices were beyond reasonable in 2018, who told you there was a crash coming then? Clearly you did not pay attention.
I agree with Warren Buffett, the commercial real estate market is about to have a massive crash. People are just working from home now that use to occupy those spaces. But the major thing, banks should get absolutely no bail out- they can afford to take the hit and climb themselves out. This certainly will not crash banks, but they can’t be using tax payer money as a piggy bank for risk they assumed.
The people need the bail out
Good. And hopefully it affects those people and LLCs that owns 3 to 5 properties who uses them as AirBNB business or a way to claim losses in their taxes. They are already taking away homes from potential homeowners.
Who's gonna feed you when momma dies???
@@o9rgeronimo979who’s gonna take care of your when your grandkids can’t afford to live?
The problem is low numbers being built - not those who own more than one. New home builds have plummeted the past decade.
Don't be too gleeful, if you have aby sort of private pension then guess where a lot of it will be invested ... yup, in the property market.
I gotta say this channel is more of a “I’m going to predict this so much that when it happens I’ll be right” than a helpful channel.
I swear I’ve watched this video multiple times every year from this guy.
I worked for the 2nd largest REIT in the country in the mid-70's. More than 75% of their loans went bad. So they took over the properties, filed chapter 11, became a property management company, and came out of bankruptcy a few years later. Every generation has to learn how risky commercial real estate is.
The 70s were a horrible time. Look at NYC building prices back then. Dirt cheap
The old monster days of cubical office space is over forever and another pandemic will be the final nail in that coffin
it would not be so risky if you could get the Bottom Feeders and crooks out of it.
I also worked in REITs in the '90s. I lost my own $$$. I will never invest in REITs again.
In 2010 I bought my house in government repo for 20k . 2000 Sq ft brick home built in 60's .. in a tiny panhandle ghost town in Texas. Couldn't care less what happens to the mortgage markets. Or the job markets . Or any other markets. Easy to raise and grow your own animals and feed for them ... rabbits , chickens , cattle , goats , pigs , ... fishing in the creeks ... spend less than 800 a month all bills and insurance .. cake walk living miles from the nearest living wokester. Not bad.
People feel OBLIGATED and ENTITLED to zero risk these days.
Years of 0% interest rates will do that
Oh Yes, you are CORRECT, they think it should be PROSPERITY ALL OF THE TIME FOREVER!!! They are crazy as hell. They do not understand Economics.
Fiat money creates this outcome 100% of the time. Real money forces a more even distribution of wealth and limits boom bust cycles.
You tell them brother, you are dead on correct. @@MonteCarlo-rx4hu
You’re considered a socialist if you bail out the working class, but you’re considered a good capless in this country if you bail out big banks and other corporations that created the risky conditions in the first place. I say let the big failed collapse, and we have smaller banks in this country that take less risk.
It's ALWAYS...ALWAYS a Housing Crisis!! It's just that only now NO ONE that needs one can afford to buy a House! Investors are the only ones buying houses!
Probably exactly how they wanted it to happen!
They’re selling to someone…
Zillow's group actually lost money with their Zillow estimate they actually shut the firm down because it was losing so much money.
@@MHFIN "someone" may very likely be money launderers. Look up "Transparency International" + "what is snow-washing", and "The Cullen Commission" (Final Report entitled "Commission of Inquiry into Money Laundering in British Columbia", June 2022). It's estimated $47-$100 Billion in Canadian real estate has been bought via laundering money through Canadian casinos & real estate flipping. Int'l "students" with reported 0 income are buying multi-million dollar homes. Mortgage fraud is rampant in Canada.
Correct. It's getting there!!! It's getting "Really, really, really, really bad" in Toronto, Ontario, Canada!!!!! 😐😐😐😑😑
Turn all these commercial buildings into residential sounds like that’s what the market is asking for
I've been saying this since 2020. Such an obvious solution, why is it not being done?
Not all of them can be easily. Plumbing, windows that can open, etc. Not easy with many buildings.
Very expensive to do. Office -> residential is hard
I asked the same question when i was in college for architecture. This isn't often considered due to the cost to do such. Even though it would appear easy at first, the amount of additional infrastructre and codes now needing to be met to do such makes most office space unable to be converted to residential, without paying enormous amounts. it's just a game of budgeting, if these units drop by enough than people will indeed start doing this, but it'd need to drop a whole lot.
@@apple1231230 spot on. as an architect how much you think to make viable? 50%? because that amount has already happened in San Fran with several large buildings
A 50 % housing price correction is a necessity for the working class Americans . We are patiently waiting for it to inevitably happen.
I can see commercial properties going down in price a bit, but not residential. The problem is that the housing inventory is low and there aren’t enough new homes being built for the demand. On top of that, about one third of blue collar workers will be retiring in the next ten years, and that will continue to diminish supply (because there won’t be people to build them). Materials have also gone up in price since the pandemic, which means houses will hold a heftier price tag.
The only thing that is keeping residential prices somewhat stable right now is the high interest rates, and once inflation stabilizes at around 2%, the rates will go down and we’ll be off to the races again.
I also don’t see another 2008 scenario, because the banks are more careful about who they lend their money to. It is highly unlikely that there will be a flood of defaults from toxic loans like before.
I’m sorry to say, but the middle class is being squeezed out of prosperity. The only thing I can think that would help is to follow Dave Ramsey’s Baby Steps. I wish you well.
Yeah don’t confuse expectation and assumption with what is and get upset when home prices do not come down!
There isn’t enough population to support the “low inventory” theory. There is a very high residential vacancy rate. These properties have costs and depreciation. Depreciation can be written off on taxes.
Great analysis. Straight facts.
You know we're getting closer and closer with how many people you upset just by stating reality.
Their mad about him stating reality wrongly for years
15:10 So, God doesn't move fast enough for you, or time if you prefer. Problem is, is that we are up a river with out a paddle and right around the next bend is a huge waterfall most can't see. Sure, some will survive, but the ones who don't will be screaming at the point of no return- Why didn't someone tell me this could happen! Why me? Point is, only the strong (prepared) survive! Only one to blame is yourself for not being prepared when you get a monkey wrench tossed in your spokes in the big wheel of life!
Professional investor here. Bought a bunch of Florida RE in 2010-2013 after avoiding 2005-2009.
Do your own research is the only advice I can give you. An argument could be made that prices are fair if interest rates decline or are overvalued if they remain where they are now. It’s fluid, which is why nobody has a crystal ball. Personally, at this precise moment, I am not buying.
My luck is so bad that if I buy a house today,the market will crash tomorrow 😅
Don't forget that one of the superstars of so-called stable investment portfolios, including millions of 401k's, are REIT's and big firms like Blackstone who are deeply invested in the commercial sector. The direct impact on the average citizen's retirement egg will be devastating.
retirements shouldn't be predicated on stealing the retirement equity from renters
the largest wipe out in world history is going to be goooooovermint bonds which will wipe out all retirements,pensions,lucky to get 10 cents on the dollar,44 trillion up in smoke--it is all about debt,debt debt,did i mention debt? if you have unmanageable debt your done..
"...including millions of 401k's, are REIT's..." I RARELY ever see REITs in a 401k maybe one in a hundred. All I do all day take calls on people's 401k's. It's not common at all, IME. We don't even include RE as an asset class in our analysis because it's so rare.
@@tuggerequity and renters are oil and water.
We have discovered that we don't NEED all the buildings, stores, malls, meeting halls (we still need more nursing homes, too many old people, even WITH Covid, but the problem is:
All the buildings are Mis-used, or unused,, or not used efficiently enough, etc
IF we turn a BUNCH of the commercial living space into Living space, it will level out.
If it has a bathroom, it can be Lived In! It's just to get the process started. We did it with all the old one room school buildings we didn't need, now just to expand into old Burger King's & Walgreens.
Hard to convert office into residential. Look it up. Very expensive
sir you forgot the close your parenthesis )
@@gmoyer609I hate making errors, I think they make me look bad. Now it’s for an eternity. 😮
Yea, keep dreaming. Who wants to live in the crappy areas where these comercial building are. Maybe they might become government housing. Good luck.
@@underleft Build it and they will come! Venezuela, Nicaragua, Equator, Honduras, Bolivia, Puerto Rico, to name a few!
Personally I don't think I will ever buy a house.. certainly not the traditional 5/3 or whatever. HUGE money out of pocket (with all kinds of character attacking restrictions before you can even give it to them), tons of taxes and fees, HOAs taking more money and restricting my use of the property, then paying thousands each month to never see a different thing out my window, ALL for 4x what it used to cost when I became old enough to dream of a house, and now at interest rates that my generation never knew were possible?! (yes I know boomers and some early x saw double digits, I know). NO FUCKING THANK YOU.
@dotcom721 lol thank you! And you enjoy your meth addicted neighborhood!
Plus you never really own your home. Property tax is a rent you pay and if you don't, they take your home.
I use to feel the same way but I bought 15 years ago and now my mortgage including tax is half what rents are in my area. So yes to start it will feel like lot more than renting but over time it becomes the opposite.
Good point. Most people wouldn't even care to pay close attention to these events, thinking only one big event would collapse the ponzi. It's the small iterative events that actually drive the big event. Play close attention to the details, not headlines.
This guy has been talking about gloom and doom for so long that when something eventually does happen he'll look right. Kinda like a dead clock
💀 🕰️
Broken clock
If the largest real estate market is currently falling at a precipitous rate, why couldn't the U.S. market fall as well?
Sure, it can. But this dude has been posting doom and gloom for 2 years now saying it WILL happen *any day now*. @MHFIN is kind of a joke @@toinengwyn3935
Eh, current system is basically a meth head, yes it can surprisingly rally to get its next fix of fiat, but we all know death is inevitable.
How quickly this went from the calls on open door channel to this
UA-camrs will say the housing market crash is coming every single year until it happens 😂😂and THEN they will be like “see guys i told you it was coming” 🤡🤡🤡🤡🤡🤡
I been hearing this since 3 years ago
@jzilla2413
People who have zero patience also assume when UA-camrs say “there will be a housing crash” expects it to happen tomorrow.
The housing market is not the stock market. When the bottom falls out it will fall fast.
Every indicator is pointing to a correction. For example 2008 is a reference point in time in the housing market but to get to the 2008 housing crash it took years before it and multiple years after to fully recover . It’s not an overnight thing. A correction is coming
True, with low rates investors could borrow and buy real estate. Going forward it will be much more difficult to recoup a 7% plus mortgage.
@@andrewjaeger9338🙄 another “iTs jUsT likE 20o8”
I try to back it up with evidence and interview clips. Don’t think anything in the video was false. Like everyone else, when it comes to the future I’m speculating
I started investing in the stock market because of dividends. What matters, in my opinion, is that if you invest and earn more money in addition to dividends, you will be able to live off of dividends without selling. It implies that you can pass that on to your children, giving them a head start in life. I've invested over $600k in dividend stocks over the years; I continue to buy more today and will continue to do so until the price lowers even further.
It's always inspiring to hear from a veteran investor who has weathered the storm and come out on top. When your portfolio turns from green to red, it might be unsettling, but if you have invested in great companies, you should just keep adding to them and stick with your plan.
I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years
Interesting, how can I get in toùch??
@strategisteleanor
THAT IS HER USER NAME
There are many financial coaches who excel in their profession, but for the time being, I employ Eleanor Johnston Sorensen because I adore her methods.
I'm finally starting to see more for sale signs. Prices are dropping. Tampa, FL.
My neighborhood has had the most houses for sale since the hood was built 24 years ago 8-11 never seen more than 4 at one time,I sold mine,gets up to 11 2 or 3 sell then 2 or 3 more come on line,alot of older people moving on the property tax is killing us,HOA not bad for all of our amenities.but these taxes in Ohio are insane.not as bad as Jersey but still we are in a corn field.
For most people, the value of the house is a bit irrelevant. It’s more based around can they afford the monthly payment? If I was a homebuyer, I would be less worried about the value of my home, and more worried about what is the likelihood that I will have my decent paying job in the next year or two. I think that is far more uncertain than house values.
This is why they want people back in the office.
Doubt it. They want people back in the office because most remote workers don’t do anything productive or meaningful.
Crises is plural for crisis. The error is maddening
Glad I’m not the only one 😂
I can tell you this. Average everyday Americans with normal families don’t give a Fffff about commercial real estate. We only care about everyday inflation and these unaffordable home prices.
When one bank falls the others will. Dominoes fall when in line.
Small banks usually partner up with other banks when a loan is too big for a bank to handle. The risk (and profits) are shared so as to keep a single loan or 2 from bringing down the bank.
This is true. There are many mechanisms to prevent a widespread problem
I bought in 2008 for $650k then watched it drop to $500k in 2009. I thought I made the worst mistake seeing my new home value drop 20%. As we now know this was the worst housing crash in history. But I kept the home and now it’s worth close to $2M so now it feels like the best decision ever. So I don’t think buying can ever be wrong unless you’re looking to sell fast.
Wow...I bought mine in 2003 new build 101 for the house and 36k for the lot,just sold it for 282,000 this HOA is keeping our values down plus high tax in this part of Ohio.
Maybe we could convert a lot of these commercial buildings into apartments or condos to since the demand for residential real estate is very high.
I am not smart enough to know you are correct, but you make a compelling case that we are on a financial ledge
Crisis: singular. Crises: plural.
This is NOT HAPPENING in the RESIDENTIAL mortgage world people!
Correct
It's starting , not enough higher paying jobs to dish out 1800 a month for a 300000 house, got fries with that ?
@@o9rgeronimo979how did you figure 1800. Did you add taxes 7000/year, insurance another 7000 and maintenance assume 5000/year. Note that those three expenses add nothing to the value of your house. Not counting for inflation these 3 items will cost you almost twice the nominal price of your 300000 house over 30 years. What an investment!
This is more of a correction than a depression. Businesses have not shown updates and improvement on things like buildings so all property must match like they are cars. They should become deprecated over time without any updates and improvements.
This was like reading a students essay with a 1 thousand word minimum. This could have been 30 seconds long or less
Single family homes haven’t gone down in price around decent areas of FL. It’s the states that depend on big cities that are trouble. Commercial building prices crashing will add to the woes of cities. People have been moving to the sun belt for decades. The pandemic sped up the process. That’s the art of war
Commercial Real Estate started showing signs of an eventual collapse and disintegration 20 years ago and the industry and banks have had that long to prepare for its demise.
The industry has also had that long to study the problem and identify where, why and by whom there might be continued demand for office commercial real estate. Anyone clamoring for a rescue plan or saving businesses including banks has had his head in the sand for a long time.
Love the analysis..hate the news.
His analysis are always wrong though.
An 80% drop? That would mean a $400k house would be worth $50k.
Those are numbers from 30 years ago. No way
When the consumers are hit with financial problems..the economy struggles...when the top .01% of the population (big commercial prop owners)take a 50% hit..the overall economy doesnt get hurt as bad..IOW cry me a river about billionaires taking a hit.
The one benefit of listening to this channel is that i kept waiting and finally had a large down-payment so that with the new rates, i only had to take less mortgage. So the crash hasn't happened in 4 years, i doubt it would be a huge crash considering the supply situation. Always look at st louis fed statistics for your market before making a decision to buy. That is where the real data relevant for your market is, i wish they had a youtube channel updating the market situation for all locations.
Don’t listen to me for advice. Never hesitate when it comes to buying that 🏠
@MHFIN I made the decision after looking at the st louis fed statistics for my market. I was also able to get a unique mortgage product, which put my rate below 5 in July 2023, plus the house was very compelling and unique for the asking price.
Ghost housing supply. New construction is being under reported and under stated.
@@rikki1901 I stopped being afraid of ghosts when i was 5, you too should not be worried about ghosts.
For real this time guys!!!!!!!
Everything is worth half of what folks think it is. Stocks, bonds, real estate all of it. WE are getting ready to have a collateral, liquify, and debt crisis. It is just starting.
Not if everybody pees in the bed the exact same time.
This analysis missed a huge issue - that once the bank grew to over $100B in assets, regulations required higher loan-loss reserves. Why this was a surprise to NYCB is the biggest question - and why their chief risk manager left is another red flag.
That said, they cut the divvy significantly, but kept it in place. If management thought things were dire, they would have dropped the divvy to one penny (to keep divvy funds). At current valuations, NYCB seems a reasonable risk-reward.
The Fed is in a difficult situation - they desperately want to cut rates to bail out the banks and CRE REITs as hundreds of billions of loans need to be refinanced in the next few years that will wipe out a lot of equity and drastically reduce REIT payouts due to huge
Hopefully the banks are able to restructure the commercial loans and keep them performing. Just like they're terrible residential landlords, they'll be terrible commercial landlords!
According to your video, yes, it could be disastrous.
For the banking system, Which might in turn be disastrous for the economy and the public at large, thank you.
In the Bellevue/Redmond WA area there is a very large immigrant community working in tech. As AI begins to replace them Im expecting mass layoffs where they will be forced to return to their home country. There is definitely going to be a hard real estate crash here.
My friend has been with Amazon in Seattle as a division manager. He has said for last few years that ai is doing 80% of the work. How long before the layoffs come? Maybe never? As they know it would crash everything.
First video to mention crime as a factor. Thank goodness for remote technology. Thank you.
No way! its happening right now! AGAIN!
The US is 30 trillion in debt. The "housing crash" will not be like after 2008, but eventually if inflation hits Weimar Germany levels, housing will become cheap in comparison to something like food.
Yes I know commercial is bad but bulk of the market is residential. I work in the residential market. If there would be a crash, it would be a year ago when most people in residential were out of work but telling you from experience, residential is picking up pretty significantly
Are they really paying the dues when they can write it off as a financial loss in taxes??
Something not mentioned is id they can't make thier lease payments the owner can't afford maintenance. Maintenance will be neglected and yeats from now building will becomed unliveable and could even have to be torn down if they don't collapse first.
a broader real estate price correction is to be expected. the prices of everything real estate has just become absurd. could that mean we're going to see a depression, yea maybe. ultimately though i think it's a good thing.
Thank you.
You're welcome!
Demand for housing is only going to increase,housing and commercial is separate
Correct on the separation. Don’t claim they are one of the same
Glad to see NYC.
The best stock footage
You're forecasting rain every day
Economic cycles take years to play out. He makes good points about the systemic problems, and the reality is that if the fed doesn't drop rates and flush the banks with cheap cash again soon, we are going to have a serious problem.
@@CharlieBam I agree, it's actual and probably accurate. The issue is that as the saying goes "if you're always forecast rain, you never enjoy the sunshine". So in all this time if you've been risk averse then you've had multiple years of missing out on profit. So it depends if those profits are larger than the losses you endure during this predicted global crash.
@PutSomeDsonThatBlink When we don't like the facts, we can either do something about it or stop listening and keep those rose coloured glasses on.
It's been raining for a wild
@PutSomeDsonThatBlink great point. I like JP Morgans old quote to be fearful when others are greedy, and be greedy when others are fearful. But JP also lived in a world before the entire economy was so completely managed by central banks that will always attempt to bail out any pending recession. In some ways, the only good advice now is to be greedy. At least that's the only good investment strategy since 08. My best advice to someone right now is to invest in a personal business if at all possible, and be super careful with leverage because the money system has been insane lately. Unusual circumstances tend to create unexpected consequences.
3 yrs ago, he was talking housing to the moon
I remember that. Glad he realized the truth
Housing prices are to the moon
It’s gone up a lot?
Just looked at your other postings- they all say the world is going to end. Won’t finish watching
Opens by saying everyone has been wrongly predicting the next financial crisis... goes on to predict the next financial crisis.
It’s fun to speculate
Yeah. Like Harry Dent Junior last night on "Coast To Coast AM Radio" with George Noory!!! 😀😃😄 Harry has been "Consistently wrong" about predicting "Doom and Gloom" and, "Housing and Stock market collapses", since the "Summer of 1982", when the last "Housing and Stock market collapse" took place. But, during the past 41 years or so, he's gotten "Very, very, very Rich", selling his "Doom and Gloom Economic Crash books"!!!!! 😀😃😄 Remember: "Harry Dent Junior economic books predicting Terrible economic crashes" are for "Entertainment purposes" only. 😀😃😄 P.S. Unfortunately, I found out too early. I think.
Pardon me. That's "Too late".
I wish I had been hearing this for years . There is always a way artificially prop up the housing market or Wall Street will like in 2008
This just in. A prediction was made today that MHFIN will have a devastating viewership crash. Investors are urged to unsub as soon as possible to avoid disappointment or loss.
Interesting
Keep checking back to see if your predictions come true. Oh the irony.
ALL real estate needs a 50% cut
Greed and constant money printing without industry have consequences.
All I know is that this channel is calling for the apocalypse in every video since forever.
And I’m stupid enough to keep listening 🤦🏻♂️
crisis, not crises
so i'm i understanding this. the banks make bad loans so instead of suffering the loss they make the little guy workings 9-5 pay taxes and the government gives all the money away to make sure the rich people don't lose any money. tell me this isn't what happens. that's not true is it ?
Just wait for me to buy my house....It will crash right after....bet on it
Yet home comp prices in most markets still remain “higher for longer”. No crash in comp prices
Take a look at the data from the last downturn. It took a number of years.
There is no denying that the housing market is showing signs of weakness in many areas.
@@cabot100 true. However now there are way more govt bailouts in place preventing a price crash and inventory: stimmies, $0 fha down payment, mortgage forbearance, loan mods, 40 yr loans, eviction and foreclosure moratoria, on and on
Comp prices are a trailing indicator. In residential I don't think we will see a collapse. However in commercial, which this video seems to be about, has no other options. Forever vacant or price drops to the point there is margin to turn commercial office space to flex space.
This video was about commercial.. A clear comp collapse. See example in the video
There are lots of businesses that want workers to be on site recently. do you think that will make a difference in commercial prices soon?
For the people that are worried sell and get 3year UST. Or stay in the market as missing the market high days is huge and you will lose massive gains.
This is not accurate. Remote work is actually declining somewhat. He doesn't provide enough well rounded facts. Sorry bro, this video kinda sucks.
Thos video scares me! Probably because I know your right.
The economy has been through worse
Literally a decade late to the empty downtown syndrome……….
Commercial real estate will be consolidated 4/1, keeping 25% of the space, but it doesn’t mean that 75% will sitting without occupancy, it means that some offices will моve to the сестер😊😊😊😊
I love 5th wheel campers. No property tax. Affordable payments.
my take, mortgages will stay above 5% for the next 2 years...
Narrator : 65m
Shown figure : 61m
I see alot of these recently, why is that?
Live like you are poor , even when you have money(pay your debt as fast as possible) , because most people dont know how to create value.
You said that every year for the last 4 years.
If you call for a crash every year, at one point you'll be right. Getting sick and tired of "Financial" UA-camrs scaring the shit out of people. Be smart with your money, invest in good boring companies that have a proven track record of growth and show a continued future of growth, buy a home with the expectation you'll see extra expenses outside of your monthly mortgage and could see a crash over your course of ownership (but as history shown it will likely recover), have a nice fat nest egg in a high yield savings account that you defend against inflation as much as possible without leveraging risk, and don't listen to "financial" UA-camrs who call for a crash every single month or try to tell you AMC is a good investment. I'll see y'all next week when @MHFIN calls for another crash.
Bitcoin is demonetizing real estate as a store of value asset.
Article: How the Ruling Class Became Vulgar "Well, they do need to keep these institutions going. They’re just not, it seems. There’s a hostility to reason, science, and culture - which, when the bourgeoisie was on the rise in the nineteenth century, used to be very important to its mission of establishing its legitimacy and domination of society. Now they just seem to be dominated by moneymaking and the accumulation of the maximum amount of money in the shortest period of time."
Did flagstar bank just merge with nycb?
I believe so
Obviously, higher interest rates means higher costs of capital for property investors. Translating into higher cap rates, thus lower property values. Office properties are in troubled because rents are also declining. Because of over supply. Many apartments are also having problems because cap rates were obviously far too low. On the other hand, retail properties suffered huge losses during the pandemic, when shut downs translated into tenant rent defaults. But, cap rates are now higher in retail, pushing property values a bit lower. But not to default. As interest rates decline, cap rates should follow. But it’s going to take time.
None of this is news. Everyone knows offices have been in trouble for many months. Too many commentators look at the large portfolio of commercial loans and defaults from offices and convolute the two. Office loan portfolios are getting written down. So are some apartment portfolios. Banks with large exposure could fail. If so, the FDIC will bail out the depositors through special premium assessments, just as they did the Silicon Valley Bank. But, the weakness in the office sector isn’t large enough to threaten the whole banking sector. And the real opportunity will accrue to the vulture funds that pick up these properties first pennies on the dollar.
Will eventually make a video on the apartment bubble. Some rather bizarre projects popping up in my city (mid-west)
its just not work from home that led to crisis ,many tech companies are opening offices in tier 2 cities or in india
watch interview of belgium born billionare who settled in india tier 2 cities so that he can hire best tech talents at low cost as these cities are easy on rent and housing
he moved his office to buffalo in USA after burning 3 million in funding
You all must be money managers. Of course you are going to say everything goes up, never goes down.
Your dollar is worth half of what it was in 1998, what in the world makes you think prices can come down?
Oh come on. Utah is like a solid red are you kidding me? Hahaha Provo and Salt Lake City, Utah, could definitely drop as I read they grew a lot. Salt lake like went up 17% a year for 5 years or something Jimmy Rex showed. Like that’s better than stocks.
It's funny the person below said what they did, because I was just about to ask so when is this going to happen because he has been talking none stop for years like it's happiness no its beginning to happen its now its began.
You keep doing this video over and over, wishing for the real estate to crash, but it's not going to happen. Fix your videos.
“This time it’s different”. People are slowly losing their jobs this year, they can’t pay their car loans, Next they have to sell their houses. Used cars are dropping and houses are shortly going to follow
@@losersclub9942 "This time I swear! For sure it's happening!"
I’m good
@@MHFIN So you wanna keep being wrong and clickbaiting?
@@hockeymikey Yeah, that’s his shtick! It works and that’s the age of mass communication we are in. It’s like those weird fake news papers you would see when you check out at the grocery store that report crazy stories like aliens. You know it’s outlandish but it’s grabs your attention and curiosity
Apparently, you don't proofread your slides.
Apparently, you don't proofread your hair line.
Missed it my bad
how many properties does the narrator personally own...?
There are NASCAR tracks & facilities that stand empty 364 days a year. (Well, add a couple days for moving in & time trials.). People could live there almost ALL YEAR, then vacate for a week for the one event, and move baçk in!
😂😂
All my properties in Hawaii are paid for.Life off the grid
Buy hard assets like farmland, gold and silver
Just a wild guess on my part, but I believe that the SHTF time will begin sometime after January of next year. The powers that be that hate freedom have been shoring up the markets as best they can, realize this can't be sustained, but are waiting for the time when a certain someone could possibly be given a plate full that even he can't handle. Alot can happen between now and then. I admit my analysis is very simplistic. I will watch and wait, and time will tell.
Screenshot this Idiocracy. Come back in a year then see what’s up. These type of whiny dudes are always wrong. Name one time you were correct?
-Curtis Loew
I’ll be waiting for you
@@MHFIN Ooo 😂 🤣🤣🤣🤣
@@MHFIN So name one time when you were correct. ONE please. Screenshot bang.
YES! A video agreeing with what I have written here on UA-cam many times. You can't increase costs so severely and suddenly without a negative impact. Every single rental property should have their property tax increase by an amount equal to what the home's value has become even temporarily due to this foolish price increase.