All these issues stem from an economy grappling with uncertainties, including housing problems, foreclosures, global fluctuations, and the aftermath of the pandemic, leading to instability. Rising inflation, sluggish growth, and trade disruptions demand urgent attention from all sectors to restore stability and stimulate growth.
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Thanks, I looked her up on Google and was very impressed by her credentials. I reached out because I need all the help I can get. I've scheduled a phone call with her.
Housing crisis, health crisis, cost of living crisis, debt crisis, inflation crisis, EU war crisis, middle East crisis. How many crises can a koala bear? I'm approaching retirement with comfortable millions, yet scared of a banking crisis. Where do I best grow my money?
I was just thinking the same... I'm approaching retirement with comfortable millions, yet scared of leaving my savings in the bank, pondering if I should just buy gold to preserve and grow my money
I would advise the counsel of a seasoned financial pro. It may be expensive, but as the old saying goes "You get what you pay for." "Expert solutions require Expert providers" - my mantra.
Truth is, investing with the help of a financial advisor set me up for life, retired as a millionaire at 55. I worked hard everyday as a teacher for 32 years, and my salary was over 100k annually. But if it wasn't for 2020 covid lockdown, I wouldn't have supplemented my income with stocks and alternative investments.
@@justlikekingsolomon bravo! I've worked in real estate for over 25 years and have neglected a major stock portfolio, however I need a different plan now... mind if I look up the professional guiding you please?
Personally, I delegate my excesses to someone of great expertise ''Katherine Nance Dietz'' preferably you can look up the name on the internet, her qualifications speak for itself.
Buyer on the sidelines here, its the prices. Interest rate helps, but its no where near where prices need to be. People are also asking for ridiculously hogh prices for their beat up and downtrodden homes in my area.
Yeah well all the boomers put all their money into their houses with the intentions of selling them for BIG $$$ to retire. I know my parents did the same thing. The younger generations will never make enough money to buy a house, hell most won't even be able to pay rent. I'm planning on going homeless in the next few years when my parents are gone. With 3 degrees no one will interview me due to the fact that my only work history is 20 years of self employment. Oh well. I'll have lots of company.
The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.
Financial consultants can help by recommending investments that outpace inflation, such as real estate or certain stocks. A client of mine followed this strategy and saw their savings grow by 15_% in just two years, effectively countering inflation.
I usually go with registered representative; Zachery M Demers, He provides a more grounded approach, looking at factors like market demand, regulatory changes, and adoption trends. This approach enable to make informed decisions rather than solely relying on emotional market dynamics
Housing crisis triggers a market crash or a financial crisis, it could send shockwaves through the stock markets worldwide. I’m worried about my investment of over $600K stocks. Is this a time to consider diversifying my portfolios?
If the housing market takes a hit, it might lead to reduced consumer spending and overall economic instability. I advice you consult with a professional about your investment portfolio to enable you to take advantage of the downturns.
The housing market has always had its ups and downs, but it's true that this time feels different. Having a portfolio manager will save you a lot in the market. My coach has helped me expand my portfolio by 200% over the past few months.
There are many independent advisors to choose from. But I work with Laura Grace Abels and we've been working together for almost four years and she's fantastic. You could check her if she meets your requirements. Just research the name. You’d find necessary details to work with
I know a realtor in SoCal. He’s been to all the hype conferences that are trying to push their agents to sell houses. He and his peers,” there are no sales. Sales started diminishing 8-10 months ago”.
Wow. I looked at a house where the owner said, you better hurry up and buy my house the house down the street sold three days on the market. She wanted nearly $1 million for a three bedroom one bath. Built in 1955.
@@kimberiysmarketstrategy hmmm, I’ve never heard that someone was boosting about some house I couldn’t verify selling for a price I also couldn’t verify in goal to get me to buy the house I was looking at. Hahahaha! Just kidding. That’s a typical realtor hype dialogue to entice buyers on the scene.
I didn't become financially independent until I was in my late 40's, and I'm still in my 40's. In addition to having purchased my second home and earning money on a monthly basis through passive income, I've also achieved three out of five goals. I just hope this inspires someone to realize that it doesn't matter if you don't have any of these things yet, you can start today no matter your age. Change your future by investing! I made a rather big decision by investing in the financial market…
Investing in many sources of income that are independent of government paychecks is the prudent thing that everyone should be thinking about right now, especially given the global economic crisis. Good assets, and digital currencies are still good investments at this time.
This is superb! Information, as a noob it gets quite difficult to handle all of this, and staying informed is a major cause, how do you go about this are you a pro investor?
As a beginner in this, it’s essential for you to have a mentor to keep you accountable. Jaspreet Singh is also my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Prices are the biggest problem for our family. We refuse to pay $350k for an average home that was sold for $175 just a few years ago before the bubble. It makes no sense to overpay. Interest rates are a secondary issue that we would consider paying if price was reasonable. However I’m sure when prices come down to reality so will interest rates. I called a new home builder and spoke to their agent, she literally laughed at me when I told her the size and price range of the home we were looking for. Then she proceeded to become aggressive, argumentative and eventually hung up on me. This is exactly why buyers don’t want to bother with greedy delusional realtors who do not care about what the buyers want. They delusionally believe they can keep defrauding buyers to give their life savings and sign a contract on a home that’s value is crashing.
@@brianmatthews4149 yes I believe that. But they’re far and few between. I was a licensed realtor for years so I know there’s some honest ones who will give you the truth. Sadly, there’s many greedy people in this business which is why we’re seeing the lies and gaslighting.
I totally understand where you are coming from and this is exactly how I felt in 2015 all the way through 2021 when I finally caved (and I was certain of a looming crash that that point too). The facts that we have to work with right now are that affordability is awful but is improving, Inflation isn't reversing, it is just going up more slowly, 30% of homes are paid off and the majority of people that do have mortgages have a rate below 4.5% (so very affordable to hold onto or just rent out), and the credit scores of people that have mortgages are very healthy. My heart goes out to you and I feel you completely. But if you really do deeply desire a home and intend to live in it for 7+ years, I have learned that you can't fixate on past prices thinking that a lower past price means you are getting screwed in the present day. What you know about yourself is that you didn't buy at $175k, you didn't buy at $250k, you didn't buy at $300k, and you are not buying at $350k. Do you regret not buying at any of those prior prices? Interest rates and prices don't usually move in the same direction. If rates come down, that means more people can afford the monthly payment on a $350k house. More people able to afford it means more competition for the house and the seller can probably get more than $350k. If I were in your shoes, I would be trying to weigh if it would be more painful to buy a home now, be locked in on your purchase price forever, and have the prices go down but as long as you make the payment, you get to live in the house. Nothing forces you out if you owe more than it is worth. Or would it be more painful to just sit on the sidelines and the $350k house goes to $400k, and then to $450k... wishing you had bought at $350k. If catastrophe strikes our economy and prices have a major decline for whatever reason, will you be unscathed by the catastrophe? All good stuff to think about. I wasn't paying attention at the time, but I would imagine that in 2008, people were saying the prices were too high but when they did actually drop by a crazy percentage, everybody was too scared to buy and their income had taken a major hit so they couldn't buy anyway. I could drag on forever but please consider some of these things if you do actually want to own a home. Just as Travis says... I as well hope you win!
@@MavRick69 I am. I choose different products or go to food pantry cuz I just don’t have it. People on fixed incomes CANNOT Support themselves let alone Extreme Elevated prices !
I think there's also less demand because prices of everything else has gone up, so people can't save enough to afford even a down payment. It's really hard to save when your rent is $1500-$2,500. Then your average run to the grocery store is 15%-25% more in the last couple years. But your paycheck has only gone up 5%.
I can't imagine what it was like 50 years ago when you could work a Janitor job and buy a house, raise 5 kids, buy a car, take vacations etc. WTF??? Literally WTF??? Happened and now our generations are told we can't afford things because we are lazy? The end needs to come for the sake of the whole human species.
If buyers were out in full force, homes would not be staying on the market for 3 to 4 months or longer. By that time, the homes have been cut at least 4 times. It's about the price!!! Absolutely Bonkers 💯
@@MavRick69 thats most peoples problem even when buying cars. Only worried about the monthly payment instead of focusing on the cost, get the cost down the payment goes down. i could care less what the monthly is i want to know the price its going to cost, the rest is simple math
interesting your saying if rates went to 0% you don't think that would spark the housing market. Then you are on the right channel because Travis doesn't believe in buying a home either (for you the viewer) he believes in real estate and has excuses all the time why he is buying and why you shouldn't . its called GREAT ADVICE do what I say not as I do
PRICES. I don’t even think about the election or the lawsuit or even rates. I just think I can’t believe I never see houses in my budget anymore compared to 4 years ago.
It's simple: Housing prices are ridiculous. It is far better to rent and invest your earnings. I will not buy a house again unless prices come down to maybe half of what they are now. Also, I don't need a mini-mansion with eight bathrooms and twenty bedrooms. I need a 2 - 3 bedroom Cape Cod with a basement that should sell for no more than $50.000.00. A 1 bedroom house selling locally is priced at $140.000.00... and it has some serious issues. That is crazy.
I still firmly believe that what happened in Eastern Europe is going to happen here. Demographic decline will lead to a massive surplus of empty homes. Inventory will so outstrip demand that banks and real estate speculators will find themselves in deep trouble.
In 2000 or so I bought a house at 6.25% rate. House cost 205K . Our family income was around 80K. So having 6.25% rates now does not help if similar house is now around 500K but income hardly grew for most people.
@TradewRick in part, . yes . But not necessary. For years companies were laying off skilled IT workers and replacing them with less skilled offshore and H1B - cheaper. Then they would have to rehire skilled ones tofixed the messes that less skilled created, but that is another story. JS it is not always the matter of lesser skills.
@@sc147 you just clarified that the skill was potentially dispensable therefore outsourced . It is a matter of skill when it comes to pay and housing affordability. It’s supply and demand, home prices don’t sustain just because a seller requests it. There are buyers who meet the demand therefore price stability within that area remains
Like everyone else commenting, home prices are ridiculous ! People asking unrealistic prices for what their homes are actually worth. Ive seen some laughable places !
I’m a new dad, I moved closer to Santa Clara a few years ago and I’m thinking of purchasing a single family home there, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? I heard Nvidia and AMD are strong buys
Certain Ai companies are rumoured to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, so it’s best you reach out to a proper fiduciary for guide
In my area they are two hundred thousand overpriced. I will hold my money and wait for the crash. I refuse to pay a ridiculous price for a house. The election won't change my mind, only a drastic drop in PRICES.
I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?
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.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Can you provide instructions on how to contact your advisor? I'm experiencing erosion of my funds due to inflation and looking for a more profitable investment strategy to make better use of them.
Marisa Michelle Litwinsky 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..
Thank you for this tip , I must say Marisa, appears to be quite knowledgeable. After coming across her webpage, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
During the GFC i knew few families that walked away from their homes, despite being able to continue paying, because their home values went down substantially. I could easily see it happening again, especially in parts of TX and FL.
I see some homes getting delisted & then relisted for a lower price, and Redfin is now wiping the listing history so it appears as a brand new listing with zero days on Market... rather than weeks on the market relisted with a price cut. Based on my observations Redfin doesn't always do this, but just started doing this once again.. I noticed this happening last fall when the market cooled off a bit. Then all of this year Redfin resumed including all the listing history, up until very recently... then I noticed this happening again. Gotta keep the data showing low # days on market, & high % sale price to list price. Anyone else seen this? Interesting?
Great points Travis! More important than the $2,000 understatement of the drop in median sales price, is that from a percentage perspective, they have understated it by 25% ($6,000 v $7,890). That is extremely significant in its duplicity.
Austin is still WAYYYYY overpriced. The rest of Texas just WAYYY overpriced. Family's prior home just sold for about double in Austin from 6 years ago, and this is after the dip, meaning it probably would have gotten more like 2.5x a year or so ago. Absolutely unsustainable. Maybe for the few wealthy, but we have less wealthy, meaning fewer people can actually afford those prices theoretically propping up the market, while people trying to capture all the wealthy buyers are just out of their minds not understanding it is based on the distribution of incomes, and a tailwind of lockdowns in other areas and stimulus that has largely faded, meaning the rate of growth even if there is growth will not be enough to support the market.
Realtors are not in the business of helping anyone especially the community they are in business to make money!$! Asking Realtors Across the Nation to help the community is really unrealistic and the unfortunate truth 💁♂️
Property assessment are to high based on the elevated house prices resulting extremely high property tax home owners insurance in florida especially are a killer very discouraging to invest in house purchase there plus the enormous cost for HOA FEES then add on meintenance and upkeep plus principal and interest i say everything has to drop by 50% taxes insurance home prices hoa before buying a house to build equity period
Schools and businesses are not failing because of diversity. When someone goes off on that tangent they never provide the primary source evidence to back up that claim.
Anything having to do with real estate is a sure fire thing to failure,,,, been in real estate. Residential..and commercial for 45 years..its to unstable..and Volatile..stick to something else..its a boondoggle 😢
Just remember that having prices double and quadruple at the highest point of a pandemic market, does not mean your house is worth that much. No regular person can afford the costs of a 300-400k if you live in a low cost area where people make 60-70k at the highest pay levels in your area
Prices in the Pacific Northwest are still going up just more slowly than they have been. They’re still 40-50% over what they were 5 years ago. Unaffordable. If you didn’t buy before 2020 and couldn’t afford to then, you are screwed. The bus door closed forever, and the boomers pulled up the ladder behind them and wonder why we are angry at them and why we aren’t living as luxuriously as them.
The natural truth is market cannot be buyer's market forever. Everything has cycle otherwise it will be dysfunction. However sellers today are in delusion while their houses list and relist for year. After people realised owning a home spend much more mortgage. FOMO is the way to financilal disaster.
Travis, I think doing a story on the Micron Tech Plant project in Clay NY would be a great micro view of housing prices being propped up by Gov't. CHIPS ACT $52 Billion only add +0.03% to GDP!!!! I lived in Syracuse my whole life. Housing $$$ are up $40-$60k during pandemic. Avg income in the whole county is about $55-$60k. Micron is promising 9,000 jobs over 20yrs and received a 49yr tax break.
Maybe we can learn a FOMO lesson here. How about all those FL pandemic buyers who thought the prices would NEVER come down? But they are. And I think they will even more.
I am a buyer who has been on the sidelines for a couple of years. While interest rates and property taxes are a consideration for me it's about only one thing: home prices. Current indicators signal that I will likely need to wait another year before making a move. I am not expecting a bargain I just refuse to overpay.
In most areas prices will not adjust down much. As rates fall and election uncertainty goes away, buyers will be back in force and supply will dwindle and prices will soar.
To be fair most of those people who said demand would go up once rates went down said when rates got down to at least 5.9% Now I'm not in that camp but I do believe in being fair 💁♂️
Unfortunately not in my market. Decent median Houses in Delaware are scarce. And when a decent one is on the market, there’s a bidding war. Super frustrating
Prices are still way too high on houses in a lot of markets. Just because the interest rates went down one percent point does not mean that someone making $75k can afford the average home price of $450k. You could drop interest to 1% and they STILL could not afford that home.
I’m seeing something completely different from what you’re saying here and in a couple markets I’m watching. The buyers are out there. Trying to spend at the top of their budget and approved loan amount as well. But they are getting denied by the banks on the property and value they want to pay on them.
it’s all about prices to us. We are waiting for the stock market to go down first. That will put a lot of home back on the market IMO. I am talking about southern CA market
I start seeing many areas where rent is actually higher that getting a mortgage, not by a lot but at least 20 to 30%, and I really tough it will just past a couple of weeks until the buyers comeback, it make sense right? overall with all lthat fake BS about low inventory and high rates, but what I notice from this areas is that people is migrating for better jobs or living conditions in other states or just to places that are to far to drive every day, so nobody is buying. In some areas even realtors just stop listing apartments or homes for rent because new potential renters can see they being waiting for 5 or 6 months to try to rent and they will demand a lower rent. I think we are really getting to the point that even if they drop the rates 1 or 2% people will just not go and buy a house, is just to risky for this people, they dont know if they will have a job in a month or if they will be living in the same place for the next 30 years, and to be honest probably nobody really know that, but one thing is for sure they will have to move to a different area where they can have a job or opportunities. And to let behind a monster debt chassing you or part of your life savings evaporate and probably screw their credit for the next 5 to 10 years after a foreclosure, short sale or similar, well is just to much risk. Is not the same to fix a 150k or 200k debt that try to fix a 1 to 2 million debt, and this dumb people who overpay finally get it. Is to late for that people, but new buyers probably will not fall for that. After all, in reality how many people actually couldnt buy a house because of all that BS of fake low inventory and fake auction sales? mostlikely the remaining buyers are the people who didnt fall for that BS even if the rates where low because they knew houses where crazy overpriced, and they will became a concrete shoes for the next 30years, why would they fall for that now?
@@XennialGuy Takes a while for lower rates to generate increased interest... in the mean time, prices aren't heading down in my neck of the woods, and I'd expect them to head higher in a q or 2.
@@jkmarshall3553 Nah, I don't think so. Buyers are tapped out. Money is dried out and banks cannot lend anymore. Even if they wanted to. You can't lend to someone when houses are already seven times the annual wage, let alone eight or nine. Houses were only six times the annual wage back in '07. We're entering a depression. The party is over.
I can’t imagine finding a great house at a great price and thinking, “I’ll wait to get clarity on this NAR thing.” Give me a break. Most buyers aren’t even aware of it. They are not buying because prices are too high and almost no one is finding a great house at a great price. This is pretty obvious to everyone but those in the real estate industry.
Hate to say it, but rents and mortgages are starting to normalize in my local market. Those closer they are, the less likely a big price drop will happen. Unless we have a big economic event of course.
@@tobyk5149 middle Tennessee. Just a bit south of Nashville. Multifamily is a mess (offering 2-4 months free rent) but single family is still creeping upward.
There is an equal market chance associated with each crash or collapse. I have seen people accumulate up to $1 million during a crisis, and even make it work in a strong economy if they are prepared and well-informed. Without a doubt, the bubble/collapse is making someone wealthy.
I completely agree. It's not just about the dividends or profits, Diversifying a portfolio can be a smart move and i always advise one gets a professional to help out.
The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded massively in ROI, summing up to 7-figures as of today.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
Carol Vivian Constable is the licensed advisor I use. Just research the name online. You'd find necessary details to work with and set up an appointment.
Thank you for the lead. I just searched Carol by her full name and easily spotted her profile, no sweat. I have sent her an email, hoping she gets back to me soon.
![24 Oras Express: September 17, 2024 [HD]](/img/n.gif)
All these issues stem from an economy grappling with uncertainties, including housing problems, foreclosures, global fluctuations, and the aftermath of the pandemic, leading to instability. Rising inflation, sluggish growth, and trade disruptions demand urgent attention from all sectors to restore stability and stimulate growth.
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety.
Worried about my $420,000 retirement savings losing value, I seek alternative security for my money
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Jessica Lee Horst is the licensed advisor I use. Just research the name. You'd find necessary details to work with to set up an appointment
Thanks, I looked her up on Google and was very impressed by her credentials. I reached out because I need all the help I can get. I've scheduled a phone call with her.
Housing crisis, health crisis, cost of living crisis, debt crisis, inflation crisis, EU war crisis, middle East crisis. How many crises can a koala bear? I'm approaching retirement with comfortable millions, yet scared of a banking crisis. Where do I best grow my money?
I was just thinking the same... I'm approaching retirement with comfortable millions, yet scared of leaving my savings in the bank, pondering if I should just buy gold to preserve and grow my money
I would advise the counsel of a seasoned financial pro. It may be expensive, but as the old saying goes "You get what you pay for." "Expert solutions require Expert providers" - my mantra.
Truth is, investing with the help of a financial advisor set me up for life, retired as a millionaire at 55. I worked hard everyday as a teacher for 32 years, and my salary was over 100k annually. But if it wasn't for 2020 covid lockdown, I wouldn't have supplemented my income with stocks and alternative investments.
@@justlikekingsolomon bravo! I've worked in real estate for over 25 years and have neglected a major stock portfolio, however I need a different plan now... mind if I look up the professional guiding you please?
Personally, I delegate my excesses to someone of great expertise ''Katherine Nance Dietz'' preferably you can look up the name on the internet, her qualifications speak for itself.
Prices are delusional.
That and now NAR ruled seller broker can't offer commission split to buyer broker
I agree. Prices need to get back to 2017 levels in order to afford a purchase
G'day guys, why are real-estate agents coming out and lying, because their used car sales-men, rat with a gold tooth.
Buyer on the sidelines here, its the prices. Interest rate helps, but its no where near where prices need to be. People are also asking for ridiculously hogh prices for their beat up and downtrodden homes in my area.
The prices are insane. The only way to have an affordable mortgage, is to have a down payment that would buy you a house 10 years ago.
I totally agree 💯
Stay strong! Don't buy now! Take it from an old lady that purchased in the last recession
Plus lots of people laid off so less people to invest.
Yeah well all the boomers put all their money into their houses with the intentions of selling them for BIG $$$ to retire. I know my parents did the same thing. The younger generations will never make enough money to buy a house, hell most won't even be able to pay rent. I'm planning on going homeless in the next few years when my parents are gone. With 3 degrees no one will interview me due to the fact that my only work history is 20 years of self employment. Oh well. I'll have lots of company.
The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.
Financial consultants can help by recommending investments that outpace inflation, such as real estate or certain stocks. A client of mine followed this strategy and saw their savings grow by 15_% in just two years, effectively countering inflation.
That makes sense. Unlike us, you seem to have the market figured out. Who is your fiduciary?
I usually go with registered representative; Zachery M Demers, He provides a more grounded approach, looking at factors like market demand, regulatory changes, and adoption trends. This approach enable to make informed decisions rather than solely relying on emotional market dynamics
he often interacts on Telegrams
@Zachfinance
Housing crisis triggers a market crash or a financial crisis, it could send shockwaves through the stock markets worldwide. I’m worried about my investment of over $600K stocks. Is this a time to consider diversifying my portfolios?
If the housing market takes a hit, it might lead to reduced consumer spending and overall economic instability. I advice you consult with a professional about your investment portfolio to enable you to take advantage of the downturns.
The housing market has always had its ups and downs, but it's true that this time feels different. Having a portfolio manager will save you a lot in the market. My coach has helped me expand my portfolio by 200% over the past few months.
this is all new to me, where do I find a fiduciary, can you recommend any?
There are many independent advisors to choose from. But I work with Laura Grace Abels and we've been working together for almost four years and she's fantastic. You could check her if she meets your requirements. Just research the name. You’d find necessary details to work with
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
I know a realtor in SoCal. He’s been to all the hype conferences that are trying to push their agents to sell houses. He and his peers,” there are no sales. Sales started diminishing 8-10 months ago”.
Wow.
I looked at a house where the owner said, you better hurry up and buy my house the house down the street sold three days on the market. She wanted nearly $1 million for a three bedroom one bath. Built in 1955.
@@kimberiysmarketstrategy hmmm, I’ve never heard that someone was boosting about some house I couldn’t verify selling for a price I also couldn’t verify in goal to get me to buy the house I was looking at. Hahahaha! Just kidding. That’s a typical realtor hype dialogue to entice buyers on the scene.
I didn't become financially independent until I was in my late 40's, and I'm still in my 40's. In addition to having purchased my second home and earning money on a monthly basis through passive income, I've also achieved three out of five goals. I just hope this inspires someone to realize that it doesn't matter if you don't have any of these things yet, you can start today no matter your age. Change your future by investing! I made a rather big decision by investing in the financial market…
Investing in many sources of income that are independent of government paychecks is the prudent thing that everyone should be thinking about right now, especially given the global economic crisis. Good assets, and digital currencies are still good investments at this time.
To be honest, investing rightly today can save you a whole lot of stress in the nearest future.
This is superb! Information, as a noob it gets quite difficult to handle all of this, and staying informed is a major cause, how do you go about this are you a pro investor?
All thanks to Jaspreet Singh with his investment advice, at least I can afford a good home and also have to retire early.
As a beginner in this, it’s essential for you to have a mentor to keep you accountable.
Jaspreet Singh is also my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Prices are the biggest problem for our family. We refuse to pay $350k for an average home that was sold for $175 just a few years ago before the bubble. It makes no sense to overpay. Interest rates are a secondary issue that we would consider paying if price was reasonable. However I’m sure when prices come down to reality so will interest rates.
I called a new home builder and spoke to their agent, she literally laughed at me when I told her the size and price range of the home we were looking for. Then she proceeded to become aggressive, argumentative and eventually hung up on me. This is exactly why buyers don’t want to bother with greedy delusional realtors who do not care about what the buyers want. They delusionally believe they can keep defrauding buyers to give their life savings and sign a contract on a home that’s value is crashing.
There are good ones out there.i know one that cut her commission just to close the deal.
@@brianmatthews4149 yes I believe that. But they’re far and few between. I was a licensed realtor for years so I know there’s some honest ones who will give you the truth. Sadly, there’s many greedy people in this business which is why we’re seeing the lies and gaslighting.
If you refuse to pay todays inflation adjusted pricing for homes are you refusing to pay for todays foods prices too???
I totally understand where you are coming from and this is exactly how I felt in 2015 all the way through 2021 when I finally caved (and I was certain of a looming crash that that point too). The facts that we have to work with right now are that affordability is awful but is improving, Inflation isn't reversing, it is just going up more slowly, 30% of homes are paid off and the majority of people that do have mortgages have a rate below 4.5% (so very affordable to hold onto or just rent out), and the credit scores of people that have mortgages are very healthy. My heart goes out to you and I feel you completely. But if you really do deeply desire a home and intend to live in it for 7+ years, I have learned that you can't fixate on past prices thinking that a lower past price means you are getting screwed in the present day. What you know about yourself is that you didn't buy at $175k, you didn't buy at $250k, you didn't buy at $300k, and you are not buying at $350k. Do you regret not buying at any of those prior prices? Interest rates and prices don't usually move in the same direction. If rates come down, that means more people can afford the monthly payment on a $350k house. More people able to afford it means more competition for the house and the seller can probably get more than $350k.
If I were in your shoes, I would be trying to weigh if it would be more painful to buy a home now, be locked in on your purchase price forever, and have the prices go down but as long as you make the payment, you get to live in the house. Nothing forces you out if you owe more than it is worth. Or would it be more painful to just sit on the sidelines and the $350k house goes to $400k, and then to $450k... wishing you had bought at $350k. If catastrophe strikes our economy and prices have a major decline for whatever reason, will you be unscathed by the catastrophe? All good stuff to think about. I wasn't paying attention at the time, but I would imagine that in 2008, people were saying the prices were too high but when they did actually drop by a crazy percentage, everybody was too scared to buy and their income had taken a major hit so they couldn't buy anyway. I could drag on forever but please consider some of these things if you do actually want to own a home. Just as Travis says... I as well hope you win!
@@MavRick69 I am. I choose different products or go to food pantry cuz I just don’t have it. People on fixed incomes CANNOT Support themselves let alone Extreme Elevated prices !
I think there's also less demand because prices of everything else has gone up, so people can't save enough to afford even a down payment.
It's really hard to save when your rent is $1500-$2,500. Then your average run to the grocery store is 15%-25% more in the last couple years. But your paycheck has only gone up 5%.
This!
Couldn’t have summed it up better myself. It’s a mess out here!
When home prices drop, buyers will come back.
💯
@@kmac2789not with all these lay offs
It's the fact the prices increased 40% in 3 years. Prices. Not interest rates. I'm not buying because of the prices.
My coworker told me within 2 yrs her house price double out skirt of Charlotte
@@Peace-nz3jx I can imagine!!!
Algorithm
In many areas, the prices have gone up 100%, even more, in just a few years.
And their reason for inflating prices is ‘sUpPLy aNd dEmAnD’ haha! Well here goes demand!
Housing home prices ARE ABSOLUTELY BONKERS
They are. Need to return to 2017 levels in order to afford a purchase
Nuts!
People are losing jobs in alarming numbers. Full time mortgage sustaining jobs. No job, no home purchased.
I can't imagine what it was like 50 years ago when you could work a Janitor job and buy a house, raise 5 kids, buy a car, take vacations etc. WTF??? Literally WTF??? Happened and now our generations are told we can't afford things because we are lazy? The end needs to come for the sake of the whole human species.
I have a job and the money, but still won't buy at these ridiculous prices. They got greedy, and they can kiss my backside.
If buyers were out in full force, homes would not be staying on the market for 3 to 4 months or longer. By that time, the homes have been cut at least 4 times. It's about the price!!! Absolutely Bonkers 💯
Price doesn’t matter. It’s what a persons monthly payment is. (Yes price is a part of that equation).
230000.max for 4 bdrm 2.5 bat 1:21 that's allowed h
Plenty of houses moving in 5 days in Texas 🤷🏻♂️
@@MavRick69 thats most peoples problem even when buying cars. Only worried about the monthly payment instead of focusing on the cost, get the cost down the payment goes down. i could care less what the monthly is i want to know the price its going to cost, the rest is simple math
@@t4nk3d402 most folks can’t do simple math. All they see is the payment.
I have a family member that has a house for sale in Highland Park. It's been on the market since May with price reductions and still sitting.
then price is still too high
Going up 100%, then marking it down 2%, 5%, $5 😂
It's the price of the house that matters even if rates go to 0.
If price stay the same at zero rate count me in I’ll be buying 😂
interesting your saying if rates went to 0% you don't think that would spark the housing market. Then you are on the right channel because Travis doesn't believe in buying a home either (for you the viewer) he believes in real estate and has excuses all the time why he is buying and why you shouldn't .
its called GREAT ADVICE
do what I say not as I do
PRICES. I don’t even think about the election or the lawsuit or even rates. I just think I can’t believe I never see houses in my budget anymore compared to 4 years ago.
The prices aren’t coming down fast enough, not just the rates count. In DFW, sale prices are not low enough yet. Prices are still inflated.
yup
Yup…I’m seeing homes I saved months ago pop up with slashed pricing
They are not gonna come down
I think once gas prices go back up after the election it will be the cherry on top for the home prices to crash
Not enough after 100% increase
I have my 20% down saved but I cant afford the monthly payment. Now that is freaking bonkers.
Save for 50% down payment and maybe a smaller home.
You only need to wait for next year or so. Prices will go down
@@MLagarde0425 yes that’s how inflation and supply shortages work.
Man he is exposing the industry 😮😮😮
Buyers do not have the money to buy. Redfin needs a truth pill. Realtors need to try the truth as well. 🤬
even the buyers who have the money no longer will pay bubble prices and risk overpaying and being a bag-holder
It's simple: Housing prices are ridiculous. It is far better to rent and invest your earnings. I will not buy a house again unless prices come down to maybe half of what they are now. Also, I don't need a mini-mansion with eight bathrooms and twenty bedrooms. I need a 2 - 3 bedroom Cape Cod with a basement that should sell for no more than $50.000.00. A 1 bedroom house selling locally is priced at $140.000.00... and it has some serious issues. That is crazy.
Spot on…not looking for a McMansion..that comes with McMansion utility bills that are already crazy
You’ll be renting for the rest of your life. Good luck with that.
I still firmly believe that what happened in Eastern Europe is going to happen here. Demographic decline will lead to a massive surplus of empty homes. Inventory will so outstrip demand that banks and real estate speculators will find themselves in deep trouble.
🎉
Na we don't have nearly the demographic problem they do, but prices can come down.
Food pricing finally go down for them
In 2000 or so I bought a house at 6.25% rate. House cost 205K . Our family income was around 80K. So having 6.25% rates now does not help if similar house is now around 500K but income hardly grew for most people.
yup
Home purchasing isn't a right but an opportunity. Income not growing is a lack of skill issue rather than a pay increase issue.
@TradewRick in part, . yes . But not necessary. For years companies were laying off skilled IT workers and replacing them with less skilled offshore and H1B - cheaper. Then they would have to rehire skilled ones tofixed the messes that less skilled created, but that is another story. JS it is not always the matter of lesser skills.
@@sc147 you just clarified that the skill was potentially dispensable therefore outsourced . It is a matter of skill when it comes to pay and housing affordability. It’s supply and demand, home prices don’t sustain just because a seller requests it. There are buyers who meet the demand therefore price stability within that area remains
My Wife and I are waiting in the sidelines. We are not rushing to purchase 😂. We are patient until we find a good deal!
Like everyone else commenting, home prices are ridiculous ! People asking unrealistic prices for what their homes are actually worth. Ive seen some laughable places !
You’re living in the past. Inflation and supply shortages are the new reality. Back in the day to history.
I live in Florida. The prices are too high. The taxes are too high and the homeowners insurance is ridiculous.
I’m a new dad, I moved closer to Santa Clara a few years ago and I’m thinking of purchasing a single family home there, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? I heard Nvidia and AMD are strong buys
it’s a personal decision, but according to Forbes, housing activities will remain stagnant for the most part of the year, so maybe hold off a little.
well you could put a downpayment on a home and as well diversify as much as you can into Ai and pharm. stocks like Pfizer and JnJ.
Asking random strangers for investment strategy? 😅😅😂
AMD and Nividia are both overpriced like almost anything on the market that is popular Tesla is another big one. Expect them to all go down soon.
Certain Ai companies are rumoured to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, so it’s best you reach out to a proper fiduciary for guide
People are afraid to let go of their cash because of the cost of living and higher insurance premiums
And people are getting laid off left and right.
Homes are still on average $100K too high. Unless rates get back to 3% the homes are $100K over priced.
In my area they are two hundred thousand overpriced. I will hold my money and wait for the crash. I refuse to pay a ridiculous price for a house. The election won't change my mind, only a drastic drop in PRICES.
I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?
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.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Can you provide instructions on how to contact your advisor? I'm experiencing erosion of my funds due to inflation and looking for a more profitable investment strategy to make better use of them.
Marisa Michelle Litwinsky 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..
Thank you for this tip , I must say Marisa, appears to be quite knowledgeable. After coming across her webpage, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
During the GFC i knew few families that walked away from their homes, despite being able to continue paying, because their home values went down substantially.
I could easily see it happening again, especially in parts of TX and FL.
yup many walked away although were able to continue paying
None of this is accurate! All of the markets are falling! Not just housing. The price for everything is ridiculous 🙄
Mom and pop are being taxed into Poverty.
Who the H are mom and pop. What is this a 1950s sit com ????
Ive been waiting all day for your video.
We really want to buy a new house and can afford it. But even if we could pay cash, we aren't going to pay these absurd prices!
I see some homes getting delisted & then relisted for a lower price, and Redfin is now wiping the listing history so it appears as a brand new listing with zero days on Market... rather than weeks on the market relisted with a price cut.
Based on my observations Redfin doesn't always do this, but just started doing this once again.. I noticed this happening last fall when the market cooled off a bit. Then all of this year Redfin resumed including all the listing history, up until very recently... then I noticed this happening again.
Gotta keep the data showing low # days on market, & high % sale price to list price.
Anyone else seen this?
Interesting?
Interest rates and affordability are connected at the hip. Spring will be more favorable for the business. (I expect 30 year fixed rate around 5%.)
Rates only went down due to desperation to try to sell these overpriced houses
Sir I have been watching you for about 4 months. You are absolutely amazing. Thank you so much
ABSOLUTELY BONKERS Travis!😊
Great points Travis! More important than the $2,000 understatement of the drop in median sales price, is that from a percentage perspective, they have understated it by 25% ($6,000 v $7,890). That is extremely significant in its duplicity.
It's not the mortgage rates, it's the very high hone prices. Homes are 100% overvalued.
How
did we as a society. start accepting lies?
the sheeple prefer lies over inconvenient truths
Sad that most people over paid for their homes and now the prices are coming down.
same as last time just the new generation of bag-holders this time
Must be your town....data doesn't back that
@@mr2fas2yo mama
@@mr2fas2 is a bunch of county in nc, and a know few people who bought and they have taken a lost.
@@mr2fas2 more troll BS from you. Enlighten us with the “data”
Austin is still WAYYYYY overpriced. The rest of Texas just WAYYY overpriced. Family's prior home just sold for about double in Austin from 6 years ago, and this is after the dip, meaning it probably would have gotten more like 2.5x a year or so ago. Absolutely unsustainable. Maybe for the few wealthy, but we have less wealthy, meaning fewer people can actually afford those prices theoretically propping up the market, while people trying to capture all the wealthy buyers are just out of their minds not understanding it is based on the distribution of incomes, and a tailwind of lockdowns in other areas and stimulus that has largely faded, meaning the rate of growth even if there is growth will not be enough to support the market.
Yup
It’d be cool to do a region by region analysis round table video with regional pros like yourself 🤙😎
Elevated unreasonable prices. Is why
Yup!
rate cut starting 9/18 , still early stage for buyers plus homes prices and rate not really down yet
They are lying to save their asses/assets!!
I'm glad you didn't forget the friendly wager you have with Melody. We are still very appreciative of your help earlier this year. Thank you
I can wait. Prices are too damned HIGH. Sellers are f'ing delusional. To realtors and sellers: I'm not broke and have cash, FYI.
same
You're broke
It's been collapsing the last 36 months lol
In some areas, yes
only a fool laughs at her own comment
Don’t think it’s about price or rates at this point. It’s all about no down payments, credit being crushed and people feeling defeated!
bubble prices too
Realtors are not in the business of helping anyone especially the community they are in business to make money!$! Asking Realtors Across the Nation to help the community is really unrealistic and the unfortunate truth 💁♂️
Property assessment are to high based on the elevated house prices resulting extremely high property tax home owners insurance in florida especially are a killer very discouraging to invest in house purchase there plus the enormous cost for HOA FEES then add on meintenance and upkeep plus principal and interest i say everything has to drop by 50% taxes insurance home prices hoa before buying a house to build equity period
If you think taxes are coming down, or your Insurance rates are coming down, or the price of Food or Medicine. Think again. Have a nice day.
did someone say taxes, insurance, food, medicine is “coming down”?
Yup waiting till it goes down a bit more! Thankfully I have family I can stay with and stack my funds..hope to update this once I purchase 😊😊😊😊
I think you will crush it!
Schools and businesses are not failing because of diversity. When someone goes off on that tangent they never provide the primary source evidence to back up that claim.
Anything having to do with real estate is a sure fire thing to failure,,,, been in real estate. Residential..and commercial for 45 years..its to unstable..and Volatile..stick to something else..its a boondoggle 😢
🌴🌴🌴 Thank you for all the information you just shared with us. Blessings,Carlos ✝️🙏❤️😊🇺🇸
Just remember that having prices double and quadruple at the highest point of a pandemic market, does not mean your house is worth that much. No regular person can afford the costs of a 300-400k if you live in a low cost area where people make 60-70k at the highest pay levels in your area
yup
Keep an eye out. The rich can still afford them. The middle class is shrinking
Lol no
Prices in the Pacific Northwest are still going up just more slowly than they have been. They’re still 40-50% over what they were 5 years ago. Unaffordable. If you didn’t buy before 2020 and couldn’t afford to then, you are screwed. The bus door closed forever, and the boomers pulled up the ladder behind them and wonder why we are angry at them and why we aren’t living as luxuriously as them.
market is still overvalued in the Phoenix market. Until I see a 10%-12% decrease in values of homes, I'll rent
need more of a decrease than that, phx is way overpriced
@@stinkincooldesigns8469 yup
Phoenix needs a 20-30% decrease in value
Need 40-50% decrease in prices for affordability. Especially from what I’ve seen on the market cuz I’m looking. Junk houses $230K. It’s ridiculous !!
We don’t need Redfin cause we have you 🤗
Thank you.
affordability period
Austin needs 34% price decreases; no sympathy for anyone.
Need price go back to 2019 original home price👍👍👍😎😎😎😊
Truly Bonkers! spot on Travis. Thank you for all the hard work. With you!
The natural truth is market cannot be buyer's market forever. Everything has cycle otherwise it will be dysfunction. However sellers today are in delusion while their houses list and relist for year.
After people realised owning a home spend much more mortgage. FOMO is the way to financilal disaster.
it has been at least 7 or 8 years since the US has seen a “buyers market” in housing
As loan rates come down, home prices and property taxes go up! You don't win a thing.
Interest rates mean nothing to me. It's all about the price.
Bought my house at a great price and at a great rate... If values fall, we just hold tight
great for you but you dont represent all recent homebuyers
@@tobyk5149 Just hold tight until things rebound 🤷♀🤷♀🤷♀
Travis, I think doing a story on the Micron Tech Plant project in Clay NY would be a great micro view of housing prices being propped up by Gov't. CHIPS ACT $52 Billion only add +0.03% to GDP!!!! I lived in Syracuse my whole life. Housing $$$ are up $40-$60k during pandemic. Avg income in the whole county is about $55-$60k. Micron is promising 9,000 jobs over 20yrs and received a 49yr tax break.
Greatly appreciated your interview with Melody Wright and grateful for people like you who expose mismanagement and graft of taxpayer funds.
@@phreedomphile Thank you! I appreciate your comment
Maybe we can learn a FOMO lesson here. How about all those FL pandemic buyers who thought the prices would NEVER come down? But they are. And I think they will even more.
yup
I am a buyer who has been on the sidelines for a couple of years. While interest rates and property taxes are a consideration for me it's about only one thing: home prices. Current indicators signal that I will likely need to wait another year before making a move. I am not expecting a bargain I just refuse to overpay.
In most areas prices will not adjust down much. As rates fall and election uncertainty goes away, buyers will be back in force and supply will dwindle and prices will soar.
Tax cut training is a Superb idea, though renting rocks..
I think it’s the crazy Elevated prices
absolutely bonkers!
To be fair most of those people who said demand would go up once rates went down said when rates got down to at least 5.9%
Now I'm not in that camp but I do believe in being fair 💁♂️
I’m seeing rental homes sit on the market for months now too. People are looking for cheaper and cheaper homes to live in.
Unfortunately not in my market. Decent median Houses in Delaware are scarce. And when a decent one is on the market, there’s a bidding war. Super frustrating
ELEVATED PRICES keep me from buying. I'm doing cash only; done with mortgages. But prices are ridiculous!!!
Prices are still way too high on houses in a lot of markets. Just because the interest rates went down one percent point does not mean that someone making $75k can afford the average home price of $450k. You could drop interest to 1% and they STILL could not afford that home.
🤷🏾Uncertainty is the opportunity to buy at a discount.
Unemployment rate at 50 year low! .... Lol ... What about the jobless rate? The number that actually matters?
I’m seeing something completely different from what you’re saying here and in a couple markets I’m watching. The buyers are out there. Trying to spend at the top of their budget and approved loan amount as well. But they are getting denied by the banks on the property and value they want to pay on them.
I am waiting for ZERO percent interest rate and heavy Recession
it’s all about prices to us. We are waiting for the stock market to go down first. That will put a lot of home back on the market IMO. I am talking about southern CA market
As a buyer I just don’t believe the numbers as I know many who have bought got extreme concessions
I don’t see concessions in the comps
bingo!
Its like 90s hondas trying to be sold for double or triple, they prices need to go down to what the true value is. Prices are nuts!
On point!
I start seeing many areas where rent is actually higher that getting a mortgage, not by a lot but at least 20 to 30%, and I really tough it will just past a couple of weeks until the buyers comeback, it make sense right? overall with all lthat fake BS about low inventory and high rates, but what I notice from this areas is that people is migrating for better jobs or living conditions in other states or just to places that are to far to drive every day, so nobody is buying.
In some areas even realtors just stop listing apartments or homes for rent because new potential renters can see they being waiting for 5 or 6 months to try to rent and they will demand a lower rent.
I think we are really getting to the point that even if they drop the rates 1 or 2% people will just not go and buy a house, is just to risky for this people, they dont know if they will have a job in a month or if they will be living in the same place for the next 30 years, and to be honest probably nobody really know that, but one thing is for sure they will have to move to a different area where they can have a job or opportunities.
And to let behind a monster debt chassing you or part of your life savings evaporate and probably screw their credit for the next 5 to 10 years after a foreclosure, short sale or similar, well is just to much risk.
Is not the same to fix a 150k or 200k debt that try to fix a 1 to 2 million debt, and this dumb people who overpay finally get it. Is to late for that people, but new buyers probably will not fall for that. After all, in reality how many people actually couldnt buy a house because of all that BS of fake low inventory and fake auction sales? mostlikely the remaining buyers are the people who didnt fall for that BS even if the rates where low because they knew houses where crazy overpriced, and they will became a concrete shoes for the next 30years, why would they fall for that now?
Prices heading higher again as rates fall and stock market at all time highs.
Didn't you watch the video? Demand went down when rates went down last month. A quarter percent is not going to make a difference.
@@XennialGuy Takes a while for lower rates to generate increased interest... in the mean time, prices aren't heading down in my neck of the woods, and I'd expect them to head higher in a q or 2.
@@jkmarshall3553 Nah, I don't think so. Buyers are tapped out. Money is dried out and banks cannot lend anymore. Even if they wanted to. You can't lend to someone when houses are already seven times the annual wage, let alone eight or nine. Houses were only six times the annual wage back in '07. We're entering a depression. The party is over.
@@XennialGuy YUP!
@@XennialGuy We'll see...
Prices have not dropped one bit in my area :(
… yet*
where?
As Meghan Trainor sings, " It's all about the price, the price, not interest. It's all about the price, the price not interest".
I can’t imagine finding a great house at a great price and thinking, “I’ll wait to get clarity on this NAR thing.” Give me a break. Most buyers aren’t even aware of it. They are not buying because prices are too high and almost no one is finding a great house at a great price. This is pretty obvious to everyone but those in the real estate industry.
Hate to say it, but rents and mortgages are starting to normalize in my local market. Those closer they are, the less likely a big price drop will happen. Unless we have a big economic event of course.
where?
@@tobyk5149 middle Tennessee. Just a bit south of Nashville.
Multifamily is a mess (offering 2-4 months free rent) but single family is still creeping upward.
@@tobyk5149it’s happening in most places in this country where people don’t name there kids Toby.
There is an equal market chance associated with each crash or collapse. I have seen people accumulate up to $1 million during a crisis, and even make it work in a strong economy if they are prepared and well-informed. Without a doubt, the bubble/collapse is making someone wealthy.
I completely agree. It's not just about the dividends or profits, Diversifying a portfolio can be a smart move and i always advise one gets a professional to help out.
The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded massively in ROI, summing up to 7-figures as of today.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
Carol Vivian Constable is the licensed advisor I use. Just research the name online. You'd find necessary details to work with and set up an appointment.
Thank you for the lead. I just searched Carol by her full name and easily spotted her profile, no sweat. I have sent her an email, hoping she gets back to me soon.