In August of 2008, it was trading at roughly 13 times earnings, but today it’s up to 16.8 times. Back then, the Federal Reserve had also already slashed interest rates by 3.25% in an effort to rescue the U.S. economy from what would later be known as the Great Financial Crisis.This global collapse might end up being a part of us for a very long time. With inflation currently at about 9%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.
Having an investment adviser is the best way to go about the market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $220K during this dip, that made it clear there's more to the market that we avg joes don't know
Her name is Deanna Lynn Renfro. Look her up on the web, she is quite popular in the U.S and a certified financial adviser. God bless Deanna for what she is doing in my life.
3-5 yrs, this will keep the stagflation, prices wont rise for the matter, but it wont dip either. People will just save all cash until its time to buy, no loans.
Interestingly enough many of the same types of people who created the 2008 mortgage debacle are the type who were at the helm of creating the current housing price problems. And those types are the ones who arent happy with making a good profit, but demand continuously exponentially higher and higher profits. So they do whatever they can, no matter who it hurts, to try to fill their bottomless pit of greed.
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $560K for sometime now, my major challenge is not knowing the best entry and exit strategie;s ... I would greatly appreciate any suggestions.
You have to get a financial-advisor/broker to aid you diversify your portfolios to include commodities, inflation-indexed bonds and stocks of companies with solid cash flows, as opposed to growth stocks where valuations were based on future potential earnings
@@veravegas3632 I agree, my profit have been quite consistent, regardless of market situation, I got in early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from a portfolio-adviser that was commended by a popular economist on a subreddit, long story short, its been 3years now and I’ve gained over $850k following guidance from my investment adviser.
@@sandraalexia3745 that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you.
@@frankadams1163 Tracie Lee Paige is my portfolio-coach, I found her on Bloomberg where she was featured, I looked up her name on the internet. Fortunately I came across her site and reached out to her, you can verify her yourself.
@@sandraalexia3745 This recommendation literally came at the right time, I’m down by $11k in stocks this week alone.. its crazy! I just looked up Tracie Lee Paige online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and scheduled a call.
Market dependent, I wouldn’t believe entirely what the news is telling you. Don’t buy if you can’t afford it. One thing to keep in mind, while they’re spreading fear, they’re buying themselves. Inventory will get scary low. New builds will Jack up their prices when mortgage rates jump down even if it’s for a short period.
The house market was a big rip off of buyers, the sellers were taking all the money they could squeeze from buyers with low credit. The rates are higher and prices are higher, wages low and unemployment high but the prices are not moving because the sellers do not want to move the numbers back to the market. They just want more capital and lenders plus brokers were making a truck load of money while buyers were losing. All the Markets make zero sense when you start to underwrite the properties. Commercial has run away from the numbers and now the cap rates are higher than the interest rates lastly the residential space was truly a murder and crazy.
@@johnbowen6038 I hope so but i think they will hold on to it until chaos but they might just lie their way into keeping the value high, so many other people are joining the trickery with the market is great and will continue to be greater.
And on top of all this, rates will top 7.5% in a couple months while companies are going bankrupt leading to millions of layoffs and ultimately foreclosures as a result. Surprised it took as long as it did, but we're finally on our way to 40-50% drops by middle of 2024.
@@melissapereira9879 My guess is that the market won't hit bottom until mid to late 2024 just because the housing market is a multi-trillion dollar market that typically takes years to move substantially. In the case of the 2008 great financial crisis, homes started crashing in 2008 but didn't bottom until 2010. It'll be a smart time to buy any time between middle of 2024 and end of 2025, if it happens the way I expect it to.
@@Bendover-s3b About as long as it did last time. 12-18 months for the initial 40% drop, then 10-20% additional bleed in certain regions. You must not have lived through 2008. People were selling $175k homes for $80k and nobody was touching them. The crazy part? That $80k home is $350k today.
The housing prices were at the peak the first half of 2022 as well as the demand. The market was just in euphoria. It was the second half of last year when the Fed started raising rate drastically that the home price growth started to abate.
@@jacobyjackson8393 that their homes is no longer worth what it was in 2020/2022 and that's why homes are now sitting and not selling and realtors keep relisting and Still not selling, let me guess homes are selling at record speeds in your market lol crash is in full effect.
You know it is bad when the realtors stop emailing you that you can afford a home... That is because if you make under 150k for the whole household... you can't afford a home right now. The American Dream is gone...
Funny thing is people are still in denial. YoY, home values have DECLINED. This decline will continue for YEARS. New construction is at all time highs. Sellers had their chance to be reasonable. Instead, they dragged their feet. The time to buy will be closer to 2030, 2032. Once the price declines stop. I hope interest rates increase dramatically in that time frame. God bless, America.
No. 2019 prices no way, let alone 2008. Tight supply plus 7-8% rayes will prevent many to qualify, therefore suppliers will not overol built risking holding the empty houses. A vicios cycle.
@@eljefe5858 Prices are currently dropping with current supply levels. The pace of drop? Fastest in US history. What happens when recession hits? What happens when foreclosures, which have been growing for 12 straight months hit? 7-8% mortgages just means prices will need to come down even more of buyers can’t qualify? Why do you think high mortgages isn’t downward pressure on prices?
@@dangood2287 I did not say is not pressure downward. I Just said it won't cause a 50% reduction. But even if it does, you will have 2020 prices With 8-10% rates.
@@eljefe5858 in California we are already back to 2020 prices in some areas, like SF Bay Area. In many other areas nationally, we are halfway there in 9 months! I never said there will be a 50% reduction. I said pre pandemic prices which is a 33% reduction of highs. The additional downside is from high interest rates. Come back when you are proven wrong
I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.
I can’t focus on the long run when I should be retiring in 3years, you see I’ve got good companies in my portfolio and a good amount invested, but my profit has been stalling, does it mean this recession/unstable market doesn’t provide any calculated risk opportunities to make profit?
@@cynthiamaryland There are a lot of strategies to make tongue wetting profit especially in a down market, but such sophisticated trades can only be carried out by proper market experts
@@clairebaker5454 I agree, my profit has been consistent no matter the market situation, I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from an investment adviser that was recommended by a popular economist on a subreddit, long story short, its been 2years now and I’ve gained over $850k following guidance from my investment adviser.
Although Price will come down to 2020 levels, that would still mean a 40% drop of value for anybody who bought in 2021-2022, it will take them years to recover that lost equity. But the realtor said get that 3% interest rate 😂
@@Galactus35 so if you bought in SF in may, your house has lost 24% of its value by now. Media house at 1.2m so that would be 200k lost of equity. Like car dealerships, they want you to focus on the monthly payment. The price is what matters. With the 7% interest at the moment, it’s probably going to lose another 20% by year end. So if you want to sell next year, you are short 400k? Mainstream media/ dealership/ realtor wants low interest rate so you can charge you their sky high prices. Monthly payments would stilI be high. I hope the feds increase it even higher. We need 9% mortgage rates for a long time for prices to come down. Anybody seeing this comment, you shouldn’t have bought in 2021 or 2022 or 2023, only buy when prices have come back down to at least 2019 levels.
Nobody says a darn thing when it appreciates every year since 2013
Hahaha this is so true…as if it’s just run of the mill when it’s rising
0% percent interest cause the bubble 🫧 but, that’s how the Fed works bubbles 🫧
✍️✍️🔝📊
Since AirBNB…
Housing prices need to drop much more to be affordable for majority of people.
Like 25 to 35 % drop to be affordable.
2 years ago you had to be a Millionaire to afford a Home . Today you need to be a Multimillionaire .
5 yrs from now, you will need to 5x a multimillionaire to buy a home.
That's year one. 4 more years to drop.
Yeah exactly. Just getting started
The prices may be dropping (ever so slightly) but at 7%, 8%, you’re paying for the house three times over
In August of 2008, it was trading at roughly 13 times earnings, but today it’s up to 16.8 times. Back then, the Federal Reserve had also already slashed interest rates by 3.25% in an effort to rescue the U.S. economy from what would later be known as the Great Financial Crisis.This global collapse might end up being a part of us for a very long time. With inflation currently at about 9%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.
sure there are loads of ways to make a killing right now, but such high-volume near impeccable tradess can only be carried out by real-time experts.
Having an investment adviser is the best way to go about the market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $220K during this dip, that made it clear there's more to the market that we avg joes don't know
that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you.
Her name is Deanna Lynn Renfro. Look her up on the web, she is quite popular in the U.S and a certified financial adviser. God bless Deanna for what she is doing in my life.
@@Bobhenry-c7z Thank you for this amazing tip. I verified her and booked a call session with her. She seems Proficient
The Fed needs to raise rates to 8% and hold for a few years. 🥴
😂
3-5 yrs, this will keep the stagflation, prices wont rise for the matter, but it wont dip either. People will just save all cash until its time to buy, no loans.
It’s only the beginning. The bubble has popped and those willing to overpay for a house have left.
Yeah exactly. Too many people got caught up in the mania
Interestingly enough many of the same types of people who created the 2008 mortgage debacle are the type who were at the helm of creating the current housing price problems. And those types are the ones who arent happy with making a good profit, but demand continuously exponentially higher and higher profits. So they do whatever they can, no matter who it hurts, to try to fill their bottomless pit of greed.
And our politicians and institutional safeguards are asleep at the wheel. 🙄
@@sudo2998 they arent asleep as much as standing in line with their hands out for corporate bribes
✍️✍️🔝📊
I am in Houston and housing market didn’t drop of 5% . Houses have been sold here at the higher prices then they were selling in 2022
Market crash keep waiting prices will remain flat. You’ll get small discount thats all.
@Nithin Panjikaran you make no sense
Anyone with a brain saw this coming
People were and are buying with FOMO
The crash is coming! Wow!
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $560K for sometime now, my major challenge is not knowing the best entry and exit strategie;s ... I would greatly appreciate any suggestions.
You have to get a financial-advisor/broker to aid you diversify your portfolios to include commodities, inflation-indexed bonds and stocks of companies with solid cash flows, as opposed to growth stocks where valuations were based on future potential earnings
@@veravegas3632 I agree, my profit have been quite consistent, regardless of market situation, I got in early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from a portfolio-adviser that was commended by a popular economist on a subreddit, long story short, its been 3years now and I’ve gained over $850k following guidance from my investment adviser.
@@sandraalexia3745 that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you.
@@frankadams1163 Tracie Lee Paige is my portfolio-coach, I found her on Bloomberg where she was featured, I looked up her name on the internet. Fortunately I came across her site and reached out to her, you can verify her yourself.
@@sandraalexia3745 This recommendation literally came at the right time, I’m down by $11k in stocks this week alone.. its crazy! I just looked up Tracie Lee Paige online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and scheduled a call.
The rent didnt drop 🤦🏻♂️
Is it really happening?
ooooo yeah
Dropping like a stone
Ron Paul was right
Market dependent, I wouldn’t believe entirely what the news is telling you. Don’t buy if you can’t afford it. One thing to keep in mind, while they’re spreading fear, they’re buying themselves. Inventory will get scary low. New builds will Jack up their prices when mortgage rates jump down even if it’s for a short period.
Not even close, depending on where you are.
The house market was a big rip off of buyers, the sellers were taking all the money they could squeeze from buyers with low credit. The rates are higher and prices are higher, wages low and unemployment high but the prices are not moving because the sellers do not want to move the numbers back to the market. They just want more capital and lenders plus brokers were making a truck load of money while buyers were losing. All the Markets make zero sense when you start to underwrite the properties. Commercial has run away from the numbers and now the cap rates are higher than the interest rates lastly the residential space was truly a murder and crazy.
The sellers will lower the price in due time. Can’t sell a house people can’t afford
@@johnbowen6038 I hope so but i think they will hold on to it until chaos but they might just lie their way into keeping the value high, so many other people are joining the trickery with the market is great and will continue to be greater.
And on top of all this, rates will top 7.5% in a couple months while companies are going bankrupt leading to millions of layoffs and ultimately foreclosures as a result. Surprised it took as long as it did, but we're finally on our way to 40-50% drops by middle of 2024.
2023 or 2024?
@@melissapereira9879 My guess is that the market won't hit bottom until mid to late 2024 just because the housing market is a multi-trillion dollar market that typically takes years to move substantially. In the case of the 2008 great financial crisis, homes started crashing in 2008 but didn't bottom until 2010. It'll be a smart time to buy any time between middle of 2024 and end of 2025, if it happens the way I expect it to.
@@Bendover-s3b About as long as it did last time. 12-18 months for the initial 40% drop, then 10-20% additional bleed in certain regions. You must not have lived through 2008. People were selling $175k homes for $80k and nobody was touching them. The crazy part? That $80k home is $350k today.
The housing prices were at the peak the first half of 2022 as well as the demand. The market was just in euphoria. It was the second half of last year when the Fed started raising rate drastically that the home price growth started to abate.
Not everywhere
Blackrock and other money manager are going to scoop all those discount
I’m glad we all bought in June ‘22, right fam?
Obama was President in 2008 and his buddy is president now I will never vote democrat ever again
Nobody cares Boomer
There 81,000,000 other people who will
We the people spoke
People are still going crazy buying houses in NJ. I've made several offers, and im being outbidded beyond asking price.
Not in the north east. House prices are still increasing regardless of the interest rate 6.9-7.5% How are people affording this?
Property taxes are rock solid
Great
Depression
Let’s go Brandon…
Are people just not keeping up with home repairs like they should?
Sellers and realtors are in denial BIG TIME.
Denial of what?
@@jacobyjackson8393 that their homes is no longer worth what it was in 2020/2022 and that's why homes are now sitting and not selling and realtors keep relisting and Still not selling, let me guess homes are selling at record speeds in your market lol crash is in full effect.
About time....
Nobody knows the future we can all speculate but time will tell all.
You know it is bad when the realtors stop emailing you that you can afford a home... That is because if you make under 150k for the whole household... you can't afford a home right now. The American Dream is gone...
Prices won’t go down stop it all!! 6,7,8% it’s not bad.
Funny thing is people are still in denial. YoY, home values have DECLINED. This decline will continue for YEARS. New construction is at all time highs. Sellers had their chance to be reasonable. Instead, they dragged their feet. The time to buy will be closer to 2030, 2032. Once the price declines stop. I hope interest rates increase dramatically in that time frame. God bless, America.
50% up only needs 33% down to be back at level. Expect 2020 pre pandemic prices to be base case with risk to the downside
No. 2019 prices no way, let alone 2008.
Tight supply plus 7-8% rayes will prevent many to qualify, therefore suppliers will not overol built risking holding the empty houses. A vicios cycle.
@@eljefe5858 Prices are currently dropping with current supply levels. The pace of drop? Fastest in US history. What happens when recession hits? What happens when foreclosures, which have been growing for 12 straight months hit? 7-8% mortgages just means prices will need to come down even more of buyers can’t qualify? Why do you think high mortgages isn’t downward pressure on prices?
@@dangood2287 I did not say is not pressure downward. I Just said it won't cause a 50% reduction.
But even if it does, you will have 2020 prices With 8-10% rates.
@@eljefe5858 in California we are already back to 2020 prices in some areas, like SF Bay Area. In many other areas nationally, we are halfway there in 9 months! I never said there will be a 50% reduction. I said pre pandemic prices which is a 33% reduction of highs. The additional downside is from high interest rates. Come back when you are proven wrong
No way not in this area housing prices are going up and there's bidding wars. There won't be a crash.
Time to buy a commercial property.
I blame the ppp loan people
Interesting housing prices fell in all the liberal run cities but went up in conservative-run cities.
I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.
I can’t focus on the long run when I should be retiring in 3years, you see I’ve got good companies in my portfolio and a good amount invested, but my profit has been stalling, does it mean this recession/unstable market doesn’t provide any calculated risk opportunities to make profit?
@@cynthiamaryland There are a lot of strategies to make tongue wetting profit especially in a down market, but such sophisticated trades can only be carried out by proper market experts
@@clairebaker5454 I agree, my profit has been consistent no matter the market situation, I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from an investment adviser that was recommended by a popular economist on a subreddit, long story short, its been 2years now and I’ve gained over $850k following guidance from my investment adviser.
I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you ?
Is it me or do I hear alot of British accents nowadays?
Click bait. It's more of a correction of an overvaluation of homes over the previous couple of years.
Although Price will come down to 2020 levels, that would still mean a 40% drop of value for anybody who bought in 2021-2022, it will take them years to recover that lost equity. But the realtor said get that 3% interest rate 😂
@@Mvp16393 this statement is so uneducated
@@Galactus35 so if you bought in SF in may, your house has lost 24% of its value by now. Media house at 1.2m so that would be 200k lost of equity. Like car dealerships, they want you to focus on the monthly payment. The price is what matters. With the 7% interest at the moment, it’s probably going to lose another 20% by year end. So if you want to sell next year, you are short 400k? Mainstream media/ dealership/ realtor wants low interest rate so you can charge you their sky high prices. Monthly payments would stilI be high. I hope the feds increase it even higher. We need 9% mortgage rates for a long time for prices to come down. Anybody seeing this comment, you shouldn’t have bought in 2021 or 2022 or 2023, only buy when prices have come back down to at least 2019 levels.
Enpresarioadidabeuonse2020
You snooze you lose, should have sold last year, now it too late.