This has been a remarkable time for homebuilding, says real estate expert

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  • Опубліковано 20 жов 2024

КОМЕНТАРІ • 163

  • @BRK-B-all-the-way
    @BRK-B-all-the-way 4 місяці тому +31

    These real estate "experts" don't know jack. They just continue to attempt to pump the market.

    • @fishingfool2644
      @fishingfool2644 4 місяці тому +2

      I guess it doesn't fit your narrative that the Economy is the worst of all time.

    • @am77734
      @am77734 4 місяці тому

      Exactly...that was hogwash coming out of his mouth!!!

  • @ladyaqua4544
    @ladyaqua4544 4 місяці тому +14

    Rents are NOT Falling at all, my rent goes up every year, rent in a Philly suburb is more then my kids home mortgage! It makes you stuck!

  • @mikeyg1776
    @mikeyg1776 4 місяці тому +12

    Everyone's eating good except the actual workers.

  • @hera7884
    @hera7884 4 місяці тому +16

    Build as many houses as you want sweetie, nobody’s going to pay 750k for a 250k house. People aren’t stupid

    • @4motofanatic
      @4motofanatic 4 місяці тому

      IDK, maybe you or I would not, but, you'd be surprised how many would and have...

    • @brianoleson5785
      @brianoleson5785 4 місяці тому +2

      @@4motofanatic its gonna turn out bad who buys a home during a pandemic not seen since 1918? a 5th grader with there little kids history books nows about the cycles

    • @hera7884
      @hera7884 4 місяці тому +1

      @@4motofanatic then they gave away half a million dollars for free. It’s their money, waste it away

    • @4motofanatic
      @4motofanatic 4 місяці тому +2

      @@hera7884 The downside to those people spending that kind of money, is they are the very ones driving up the home prices

    • @hera7884
      @hera7884 4 місяці тому +1

      @@4motofanatic well I don’t see you doing anything lol nothing at all to ease the pain people are feeling. Guess what? People are going broke and homeless no matter worse. Whatever happens to the housing market crashing couldn’t be worse than this.

  • @SvenceJohanson
    @SvenceJohanson 4 місяці тому +1

    Prices are dropping - thankfully. But - the prices are still 50% more than 2021. Zero sense.

  • @jacobwaddell6075
    @jacobwaddell6075 4 місяці тому +11

    Some of the new builds are super shitty though quality wise

  • @thomastaylor6699
    @thomastaylor6699 4 місяці тому +2

    In 2021, I bought a house that was 4 years old. In 2021, I paid 130,000 for a 3 bdrm., 2 bath ranch home of 1,100 s.f., nowadays, that home would be about double that.

    • @karmasutra4774
      @karmasutra4774 4 місяці тому +1

      Where did you find it? That is a great price

    • @thomastaylor6699
      @thomastaylor6699 4 місяці тому +1

      @@karmasutra4774 Mcalester oklahoma.
      It's a small town with a population of about 20,000 people. It's a really nice quiet town with a hospital, Walmart, and a Lowe's hardware. It also has some good churches too.

  • @nova73guy
    @nova73guy 4 місяці тому +3

    Yeah, it's great for builders. Absolutely horrible for buyers.

  • @Kseniaramesh
    @Kseniaramesh 4 місяці тому +39

    I’m considering investing in some real estate stocks

    • @har0ld551-hn6fm
      @har0ld551-hn6fm 4 місяці тому

      I’d be cautious. The global economy is quite volatile right now. Rising interest rates and inflation could impact homebuilding stocks. Diversification is key; don’t put all your eggs in one basket.

    • @Andres_853
      @Andres_853 4 місяці тому

      It’s true that real estate can be lucrative, but timing and market direction are crucial. I’ve seen significant growth in my portfolio by gradually increasing my exposure to real estate while keeping an eye on economic indicators.

    • @Colbe-lx7fb
      @Colbe-lx7fb 4 місяці тому

      Interesting points. My portfolio took a hit recently, and I’m thinking of adjusting my strategy. How do you guys manage risk in such an unpredictable market?

    • @Kseniaramesh
      @Kseniaramesh 4 місяці тому

      You're not doing anything wrong; the problem is that you don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.

    • @Kseniaramesh
      @Kseniaramesh 4 місяці тому

      I consulted with an advisor Eric Paul Elmer to stay afloat and with subsequent investment, i am only 5% short of 1 million as of today

  • @chip7522
    @chip7522 4 місяці тому +16

    He’s absolutely dreaming. What a bunch of backwards talk.

  • @BrianHickmanMilitaryBrat
    @BrianHickmanMilitaryBrat 4 місяці тому +2

    What is the use of building homes when NOT a single person can afford to buy one nowadays. My families rent was 650 then when a new guy bought the house from our old landlord he raised the rent $300 dollars right away and then a year later another $100. Prices keep going up and they keep building homes that NO ONE is going to be able to afford.

  • @federalistpapers4523
    @federalistpapers4523 4 місяці тому +31

    *Trump gives Americans hope for a better tomorrow. Biden makes Americans hope they can afford groceries tomorrow. Vote Accordingly.*

  • @gregrudolph2378
    @gregrudolph2378 4 місяці тому +2

    This never would have happened if Trump was still president

  • @TheLaptopLie
    @TheLaptopLie 4 місяці тому +1

    What the hell are you smoking? The cost of everything is insane. It's almost $100 for a sheet of plywood now that would have normally cost you $ 35 or $40. 4 years ago you had to make 72,000 per year to be a homeowner and now it cost roughly $125,000 to own a home.

    • @karmasutra4774
      @karmasutra4774 4 місяці тому

      Florida was about 200k average back in 2018! That was the average of all the houses I was seeing here and how $375k is bottom of the barrel now. Sickening to see this. Someone really needs to figure out how to target people that need something between 100-240k price range. Not everyone has tons of money or enough income to pay for such an expensive home. Some people want something smaller and easier to deal with that won't cost 500+ for HOA. Usually that price range are now tiny condos with large HOA fees. Even buying a piece of decent land and putting a manufactured home is costing so much it'a harder to do

  • @jjones5424
    @jjones5424 4 місяці тому +2

    Be VERY cautious!! I heard him say that the BIG homebuilders can afford to "buy down the rate" to make it more, "quote affordable".
    We lived through that in the early 80's in Denver, our new home builder offered a 3-2-1 buydown on the rate. Started at 8% first year, 9% second year, 10% 3rd year and 11% year 4 through 30. !!!! We were young and DUMB!!! DON'T DO IT.

  • @earthforge3578
    @earthforge3578 4 місяці тому +5

    Iam From CA we have to much homeless and this guy is talking about slow feeding the market with new home development this is the problem. Nationally we need alot more development NOT less and spared to public access.

  • @stankoretsky589
    @stankoretsky589 4 місяці тому +1

    Definitely not in San Diego. Record prices here

  • @MichealEdson
    @MichealEdson 4 місяці тому +14

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      @AndrewJadal 4 місяці тому

      I began investing in stocks and Def earlier this year, and it is the best choice l've ever made. My portfolio is rounding up to almost a million, and I have realized that when a stock makes it to the news. Chances are you're quite late to the party, the idea is to get in early on blue chips before it becomes public. There are lots of life changing opportunities in the market, and maximize it

    • @MichealEdson
      @MichealEdson 4 місяці тому

      You can make a lot of money from the market regardless of whether it strengthens or crashes. The key is to be well positioned.

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      @MichealEdson 4 місяці тому

      All you need is a good capital, and the service of a professional broker, with those your investment will most certainly produce high yields.

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      @MichealEdson 4 місяці тому

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      @MichealEdson 4 місяці тому

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  • @DevilTravels
    @DevilTravels 4 місяці тому +2

    Remarkable time for home building.
    Terrible time for home buyers.

  • @Worldofourown2024
    @Worldofourown2024 4 місяці тому +1

    There aren't falling rents. Maybe on high end rent houses the rent goes from $9000 a month to $7000. No we not buying new construction nor vehicles. I wouldn't even be able to get a VA home loan nor a car loan. This economy is garbage.

  • @rethinkcps2116
    @rethinkcps2116 4 місяці тому +1

    Rents up 50% or more in three years or so - and now minute decreases...
    So what? Does not help, barely a blip in the budget -

  • @Mando_Trucker
    @Mando_Trucker 4 місяці тому +1

    Where do they get these lying numbers?

  • @Kizmetification
    @Kizmetification 4 місяці тому +1

    Phoenix rent is 200% of 2019. 4% is nothing. Make the corporations sell!

  • @jbranche8024
    @jbranche8024 4 місяці тому +1

    Different than previous Housing Crash, Banks have higher quality debt meaning less risk, higher deposits (less potential losses), and are not extending credit to anyone with a Pulse. A correction will occur, a crash will Not happen in most markets. Additionally No person who is thinking correctly is going to Sell now and finance another home at Highest Interest Rates in a Decade.

  • @bevalindaj.443
    @bevalindaj.443 4 місяці тому +1

    This man is so full of it. New construction is sooo $$$.
    And rents are not dropping yet. He only hopes.

  • @RichardParkerTheRealtor
    @RichardParkerTheRealtor 4 місяці тому +1

    This is why I say if you can and only if you can.. you need to buy a home. You won’t have these influx in your rent changing every year.

  • @michellewilliamsligouri3343
    @michellewilliamsligouri3343 4 місяці тому +3

    We can't afford to live.

    • @karmasutra4774
      @karmasutra4774 4 місяці тому

      It's looking that way for some. Not sure who is out there making so much money to buy these houses and pay these rents? How are people paying $2,500 a month for rent??

  • @thakor.vijay..007
    @thakor.vijay..007 4 місяці тому

    I'm all in on Revux. Presales have the highest returns, and this one’s gold.

  • @hera7884
    @hera7884 4 місяці тому +4

    Maybe the housing market should crash. “We’ll everybody loses their home” and renters will finally be able to buy a home! The people who made these prices outrageous can no longer afford the upkeep and are in debt. That previous home owner/your old landlord is the poor person now, and they earned it by mistreating people and gauging prices like they have. Part of this homelessness crisis is their fault

    • @jbranche8024
      @jbranche8024 4 місяці тому

      Different than previous Housing Crash, Banks have higher quality debt meaning less risk, higher deposits (less potential losses), and are not extending credit to anyone with a Pulse. A correction will occur, a crash will Not happen in most markets. Additionally No person who is thinking correctly is going to Sell now and finance another home at Highest Interest Rates in a Decade.

    • @hera7884
      @hera7884 4 місяці тому +1

      @@jbranche8024 no, it can definitely crash. It’s actually funny that you’re putting immortality on anything. Everything breaks when it can no longer bend. Everything.

    • @jbranche8024
      @jbranche8024 4 місяці тому +1

      @hera7884 I do Not listen to anybody. I have over 12 years of experience. All the reliable and credible sources support the housing market correcting, Not Crashing. Maybe limited markets have sharp corrections you could call crash. Broad Market, not this time. This is for Residential homes being Resold, Not Commercial, Not New Construction

    • @jbranche8024
      @jbranche8024 4 місяці тому

      @hera7884 You say it can crash but provide No useful or helpful information to support a reason it could Crash, low value information

    • @hera7884
      @hera7884 4 місяці тому +1

      @@jbranche8024 Nothing lasts forever. If you had common sense, you’d have all the proof you need

  • @jimrogers7425
    @jimrogers7425 4 місяці тому

    From what I see here in the greater Phoenix area, the building is continuing en masse. It’s just crazy… and not just in Phoenix, but in many parts of the state.

  • @horizon42q
    @horizon42q 4 місяці тому

    Better weather, 110f heat, floods, hurricanes, tornados

  • @marylandterpz
    @marylandterpz 4 місяці тому +1

    Spoken like a true real estate agent. BUY NOW GUYS B4 IT GOES UP.
    Hold the lines guys do not buy until Blackrock is on their knees begging us for a little Cmen

  • @raymartin3527
    @raymartin3527 4 місяці тому +1

    I just sold two lakefront lots I inherited last Monday to a guy that just had a home built on the lake a few years ago and he wanted them to control who moves next to him.

    • @goldbud2287
      @goldbud2287 4 місяці тому +1

      Can’t blame him, if you have the money, why wouldn’t you !!

    • @raymartin3527
      @raymartin3527 4 місяці тому

      @goldbud2287 he's a real nice guy, all we did was crack up during the closing. My dad thought alot of him so I was happy to see them go to him. I did the same thing where I live in this resort so I have no close neighbors.

  • @wt3447
    @wt3447 4 місяці тому +1

    Developers don't have capacity to supply the market shortages. That's not hard to understand. That sounds a ridiculous question. Very surprisingly dumb, not tough😅

  • @roymoxley2587
    @roymoxley2587 4 місяці тому

    There are still idiots bidding on homes in Virginia Prices are out of control

  • @Hitesh_gaming5
    @Hitesh_gaming5 4 місяці тому

    I see Revux doing 50x, maybe even 100x after it goes live on major exchanges.

  • @commonsenseisntcommon1776
    @commonsenseisntcommon1776 4 місяці тому

    FJB!

  • @frank33607
    @frank33607 4 місяці тому

    You mean not building hikes the housing price and your commissions

  • @go818win
    @go818win 4 місяці тому

    “... oh let's buy new builds that have the same incompetence, only different designs”. Consider building decent priced quality homes.

  • @yogeshgaming9969
    @yogeshgaming9969 4 місяці тому

    Shifting my portfolio - heavy on BTC and Revux, with a sprinkle of DOT and ADA.

  • @matthewburns7584
    @matthewburns7584 4 місяці тому

    He seems pretty optimistic. The panel, not so much.

  • @Richard-q8g
    @Richard-q8g 4 місяці тому

    Stay away from DR Horton homes

  • @PRXtremeAdventures
    @PRXtremeAdventures 4 місяці тому

    home builders with this inflation on materials and labor. is he joking or fooling us?

  • @haveniceday7768
    @haveniceday7768 4 місяці тому

    Banks limits mortgage

  • @PRXtremeAdventures
    @PRXtremeAdventures 4 місяці тому

    ask him how is the market in marthas vinyard. for sure is going up there

  • @RasiRobi
    @RasiRobi 4 місяці тому

    What a lie after lie and lie unbelievable

  • @Grant-ww6gg
    @Grant-ww6gg 4 місяці тому

    This guy is lying

  • @roymoxley2587
    @roymoxley2587 4 місяці тому

    Fox bs as a usual

  • @mitchellrothschild8592
    @mitchellrothschild8592 4 місяці тому

    Houston offe rs great quality of life. If you can swim

  • @mohmmedtolba
    @mohmmedtolba 4 місяці тому +1

    I'm an advocate for having a diverse investment strategy. I grew to a 7 figure mark with my portfolio having exposure to different areas of the market, including small and large-caps of the ETF index, blue chip stocks, coins, grade bonds and alternatives like cryptocurrency markets, as this helps manage the overall risk on my portfolio managed by my FA.. Credits to my adviser, Jeffrey, i have no doubt investing more

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      @CarrieSwanson-z6e 4 місяці тому

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      @Coldwellbanker.drive3 4 місяці тому

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      @tempmaile1151 4 місяці тому

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      @triciakuns2288 4 місяці тому

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      @yapython7815 4 місяці тому

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  • @Falconryful
    @Falconryful 4 місяці тому

    🤣🤣🤣 misdirection and propaganda 🤣🤣🤣

  • @shubhamnath9949
    @shubhamnath9949 4 місяці тому

    Revux is dominating my crypto chats - seems like the next big thing!

  • @artenman
    @artenman 4 місяці тому

    yOu’Re ThE sUnBeLt GuY 🤪😜🤪

  • @KingDC005
    @KingDC005 4 місяці тому

    This guy is full of it. The housing industry is tanking in Florida.

    • @karmasutra4774
      @karmasutra4774 4 місяці тому

      My side of Florida is still selling like hot cakes

  • @karmasutra4774
    @karmasutra4774 4 місяці тому +1

    Falling rents? They are still 2k for a room in someone's house 🏠 that is insane

  • @taiwancanhelp932
    @taiwancanhelp932 4 місяці тому +1

    This only means more and more people are renting, they just can’t afford to buy a house anymore

    • @karmasutra4774
      @karmasutra4774 4 місяці тому

      How can they even afford rent? That is more than a mortgage in some places

    • @Cm26833
      @Cm26833 4 місяці тому

      Even if you could afford to purchase a home and pay cash, I think it is smarter to keep your money invested in the market of even a CD at 5-7% the interest will make the rental payment for you and you don’t have to spend any of your capital money..