What's next for global real estate in the year ahead? | Counting the Cost
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- Опубліковано 30 чер 2024
- Things were looking up for the housing sector at the end of 2021.
House prices across countries in the Organisation for Economic Co-operation and Development (OECD), were growing at their fastest pace for 50 years. And all of this was underpinned by low borrowing costs and savers with money to burn.
Now, a year later, things are not looking so rosy.
High inflation has led to central banks hiking their base rates, wages are not keeping up with the rising cost of living, and the economic repercussions from the war in Ukraine will be felt for some time to come.
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... This is how Growth looks when only one side of the equation is growing. Building more housing is pointless if the majority can't afford to rent or buy them. THIS - if anything - is the true legacy of Reagan and Thatcher ...
I still remember in 2021 when everyone said "dont buy!! homes will crash!"...i knew it was the best time to buy and got in at 2% int rate. Now i am sitting in my dream home with a crazy low fixed rate and couldnt be happier. NEVER TRUST what others tell you, do your own research and figure it out yourself people!
I did the same thing in 2011 when the market was in the toilet. Everyone said don’t buy and said eff that.
Negative equity and stuck in one place?
I met many new buyers that got 2% rate, they all said they had to overbid by 50K to 100K the asking price to win. So basicly there are no bargain at 2% rate.
@@niaz_q Not stuck urs called "Home" for a reason...
The presenter's heavy breathing while the Oxford chap is speaking actually does my head in, sounds like he's getting his kicks while he hears of impending housing doom haha
The house prices are much cheaper in USA than in Australia! Talking about housing bubble, you should come to Australia!
And apparently only men buy property on this channel.
Misleading title!!!! Only discuss USA and Europe
Oh some australia
Bloomberg today put the UK at 90% chance of recession, 80% for Eurozone, 65% in the US, 30% for Australia and Japan and only 15% chance in China. Things look promising in Asia in the next couple of years.
Housing, once a home, now just a gain, Leaves the homeless out in the rain. Investors seek profits, not a place to dwell, Leaving those in need to suffer and yell.
No roof above, no bed to lay, Just concrete streets and a cold dismay. Wealthy gain, while the poor lose all, In this game of housing, where the rich stand tall.
But let us not forget, that every soul, Deserves a home, to keep them whole. Let's strive for a world, where housing is a right, And not just a tool for the rich to gain more might.
Even the caveman was left out in the cold if he did not fight for his survival. Been that way for thousand of years.
Survival of the fittest.
Natural selection .
@@steakandkidney law of the jungle
@@steakandkidney be careful if that's the world you want to live in
If you want real estate price fall with rising number of new homes, then the government has to make orders to build those houses and flats renting and selling those out to ordinary people who are using houses as they intended, like sleeping and living in there. Take away the landlords assets by rendering them unprofitable and those houses will be on the market in a few years. It's a pity that these MP's are in this business for a long long time, with a different interest than solving the living crisis.
Congratulations for your insightful ideas about the housing sector in the near future for buyers and sellers around the globe.
Oh yea ! Celebrating 🙄
expecting more investment on joint venture food production
Economic investigator Frank G Melbourne Australia 🇦🇺 still watching this informative content cheers Frank
People like the guy at the end who own several homes are scumbags. Why would anyone want to rent for £1000pm when they can buy for £800pm? It's only the house prices which these greedy housing portfolio landlords pushed up so high others struggle to get onto the housing ladder and finally own a place they can feel safe in and improve without letting the landlord reap the rewards.
Hmmmm, I own multiple properties in three different countries. I drive an old 12 year-old Ford Focus and put extra money away to make sure I have some income when I retire and some inheritance for my kids. I hardly feel like I'm living the high life. Furthermore, two of my properties I had built in 2021. I invested (some out of pocket, some from loan) more than $500,000 which went to wages and the local economy in purchasing materials. Am I a scumbag? One of the properties is rented to cover the mortgage payments and the other is given to my parents to use, rent-free, as they are old and on social security.
Housing has become a business more than necessity.
@@matty506 I expect prices to come down while the Fed raises and holds rates around 5%. I've told my son to get ready to buy in 2024 or 2025. I doubt the discounts will be as low as they were after the Great Recession, but I expect there will be deals to be had.
@@masterchinese28 Sorry I should have been more specific. People that have large residential property portfolio's without ever having put in the effort to build something and add to the market. I don't have an ideal limit but the fact you built two houses instead of buying them off the competitive market is a positive as you're giving way more effort when providing new homes.
Also nice that you could give your parents a home so they don't have to rent. So maybe you have 6 properties, that's fair enough. I understand every situation has nuances such as location matters, land availability, property type, refurbishment vs new build vs self built. But no you don't seem like a scumbag, more the opposite.
@@zoeybella234 Fair enough. Thanks for taking the time to reply!
5:35 Doesn't sound like he understands the US market. Speculation isn't the base reason investors buy multiple houses in the US. We get good rents.
Multi property owners and betting shop owners *ALWAYS* have a big smile on their faces.
Unregulated property markets *GUARANTEE* low birth rates.
Global real estate in 2023?
Uh, more of it will be underwater?
Its not a good thing to be a millenial in the west these days.😶
That’s true. The good thing is most everyone who isn’t a millennial pretty much hates them. I mean really despises them. So it’s tough to feel sorry for them.
I feel sorry for millenials. Just as they were getting into the workplace there was the great recession. After a few years of getting on their feet then COVID came along. This disrupted the employment market AND somehow caused property prices to skyrocket. My son is a millenial and I feel for him.
🎻 🙄
Fire the "sound" people for a fourth rate, deep in a closet irritation.
Here in Australia there has never been a downturn. Property prices keep rising forever... it's a lucky country for property investors....
nobody is going to buy anything while rates as well as prices are up dude
Unlucky for renters
Stop population growth in any area and you'll see property price crashinng.
In US the govt kept raising the loan limits since the govt issue more than 70% of the housing loan with low down -high leverage. this create alot of inflation since down payment is low, and it only works as long the new buyers can afford it. But govt jsut luv rising price because they collect more tax.
The bubble will eventually burst.
Can non citizens buy real estate in Norway and how much do they run in dollars?
try using google search
the world ?? i think you meant UK... only!!
Next year ? 2024 ?
I find it really stupid for people to take on a long term loan that has a variable interest rate.... I mean it's okay for short term but for a long term loan... That's just really the dumbest gamble a common person could do.
Just saying...
Why do fake scam investors always use two first names 😁😂😂
These days seems like it's the ones that take advantage of the rest of us that go to the top and assume the role of the winner. It send a bad message, like "screw the rest, I'll win no matter what, it's only myself that matters". This will tear up the social fabric and i am weary of what will bring
All we need fuel and energy price burig down and houses ren down God make easy for people's for all over the world Ameen
Dude breathing so hard into the mic
Rich Chinese invest in London apartments! And never live in them.
It's not only Chinese investors dude...
The elites all over the world do that in London
@God is this really God?
Breathing on microphones is disgusting...
Making money is an action. Keeping money is behavior, but “growing money is wisdom”. I found this out a week ago after getting a $10,000 return on my $3,000 investment in 7 days.
@Jaden kloss I invested with Expert Allan Howell, he’s the best.
LMAO this is an advertisement comment and you idiots are falling for it
"If you hold your house, it'll come back up to the price where you bought it!" Yeah, if you live forever, any price may be beaten in the future, but only if you ignore inflation. Inflation-adjusted price may never reach the old high if you buy on the absolute peak.
Generally, as long as population keeps growing, you may have a chance to get richer by flipping houses. If population is decreasing (country is dying out, people are moving out et cetera), good luck with real estate price growth.
And global population is predicted to start falling.
20-30% correction.. Yippee
KINDLY GOD PLEASE HOPEFULLY ITS WILL BE DOWN By 42%! CRASH PLEASE!!!!!
Request denied
Soon in coming years about definitely if you r alive less than 20years! I guaranteed!
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