How The Housing Crash Will NOT Happen
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- Опубліковано 28 лис 2023
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Corporations buying single-family homes should be illegal.
Investors should be fined if they buy single family homes and the homes are vacant for any extended period of time.
You can't make it illegal but you can regulate them since they are an artificial person.
Yes, it should be. They should also limit the number of single family properties an individual can own as not all of these being bought up are from corporations. Homes should be owner occupied, not rentals.
REITS?
During 2021 and 2022 I received so many offers in the mail from corporations offering to buy my house. Uh no. I’m not budging and I’m staying put in my lovely home. 😊
I legit look forward to Brian’s videos every day, he tells it like it is and I have learned so much over the past 2 years.
Keep up the great work and THANK YOU!!
Thank you for all the support and happy Wednesday!
Me too❤
People seem to forget that “crashes” can be regional or national. I’m sure in some places the housing market is crashing, but it’s more because of mass migration out of that area.
Exactly, no crash here in FL.
No crash in California though
@@steveho9890which in unfortunate, as it needs it the most so housing comes back to reasonable levels.
@@Kevinw4040 It will... most likely be early 2025.
@@steveho9890depends on where in CA … people are leaving CA (look at his map 6:09). More than any other state. Sometimes they move from west to east within CA as it gets cheaper the farther you get away from the coast. There are markets in CA that are going down or are stagnant.
I wrote my congressmen about stopping inverstors from buying homes and how it negatively impacts home prices. They responded with some BS response about doing some affordable housing crap that did not work in California.
"First off, we want to thank you for bringing these issues to our attention, we take all the concerns of our... blah blah blah" lol
They don’t care why waste your time?
They’re in on the heist buddy why are you sending letters to them? Thats like asking the thief if they stole from you 😂
Home prices are falling. Get lost
I stopped waiting for the crash, and just waited for some slowing and found my dream home.
My house went up in value by 38,000.00 in a two year period. I’m at 2.75% and there’s no way I’m selling, unless I decide to rent after selling. No sense to sell at 2.75% to only repurchase at 8%. That’s crazy.
you've benefited greatly from bidenomics
@@grimaffiliations3671 Benefited from Covidnomics lol. They lowered interest rates to nothing, to keep the economy going, because of Covid.
I'm in the same boat as you except my mortgage is at 2.6%.
Lucky you. I had to buy this August at 5.99%.
@@grimaffiliations3671biden controls the fed now? Lol
I love your stuff! You keep us updated on the most important topics
Praying we don’t all lose our jobs and businesses. That will definitely trigger problems
This is the same thing people were saying in 2007. Clearly Brian wasn't around back then.
As always Brian, thank you for all your info. And time and effort. Love your Channel!
they knew exactly what they were doing making super low interest rates available to avoid a crash, but nobody wants to go thru hyperinflation and that is what they created by having these low interest rates when fomo was highest
No inflation was caused by printing money.
@@krazzykracker2564so when flippers hoard homes and resell them to investors for double the price; that is inflation?
I feel bad for all the people that fell for the Rate buy downs 1-2 years ago. They are getting wrecked right now. “Buy down for 2years” they said, “rates will be back to normal and you can refinance” they said…..
If you bought or refinanced at 2.5 % interest, you are golden
I'm in Tucson AZ and house prices are out of control. Before 2019 our area was about 200,000 ( which was a little high), a house sold last week for 350,000 and it is a dump! My house is remodel and has a pool which other house doesn't so my house is going to go for 500,000 which is outrageous..not that I wouldn't want that amount but I feel sorry for new buyer..their payment is going to be crazy. My other neighbors home just hit the market..they were horders the whole house needs gutting and it's on the market for $275,00 ..WTF CRAZY TIMES
Are those brokers, or families/individuals buying them? Thanks.
This was the housing market price range for Austin, TX. Sellers were listing 1bdrm shacks sitting on concrete bricks for $500k.
That's hella cheap compared to Colorado
@somethingclever2 I bet! But for Tucson and the part of town I live in its high.
@reneej2 wow...outrageous!
The house market crash won't come from the sellers. It will come from foreclosures from the forbearance that started up this November and unemployment. We can't kick this can down the road any longer.
And investors VRBO pull outs and city / county enforcement.
Biden can.
Oh yes we can. Inventory is down. Demand is still relatively high.
@@tubularbill Biden’s forebearance forgiveness program
yep
Brian’s comedic genius is so refreshing. Coupled with logical economic analysis, watching his videos is one of the more productive uses of my time. Keep up the great work, Bri-guy!
Totally. When he speaks. I listen...
i sent his videos to my realtor who said he was already watching them...
My interest rate is 2.9%, I have over 7100 sqft. My monthly mortage payment is $1200, I won’t be selling, period.
Where did you purchase your home at if you do not mind me ask?
@@PURPOSEFULFILLED in the middle of gullibleville😂
I got one word for 2024…..LAYOFFS this will change EVERYTHING
The fed needs to give First time home buyers an advantage over cash buyers and corporations. It’s not fair that average Americans are being priced out of affordability to buy their first home.
Agree!
Except first time home buyers don't have any cash and they're just using debt with little to no down payment. They're the driving factor in foreclosures
An FHA approved house is going to see such ridiculous price appreciation once rates lower. I feel bad for people. Brian is right to say get in now while you can.
It’s intentional. They don’t want us to own anything…and be happy about it
Brian, thank you for all your videos. I look forward to it every Monday through Friday. You 1000% have my support 🙌🏽
Hey Brian, could you talk about interest rate cycles followed by unemployment followed by housing supply surge? Thanks.
Paid off mortgage December 2022. I keep looking at the local inventory and its all crap unless I am willing to spend 7 figures just before retirement. No thank you
Thank you for doing all the research and giving it to us straight Brian!
I love how straight forward you are with the delivery of info 👏🏾
Thank you for making these videos . I’ve learned so much by watching your channel. Everything you’ve said is on point .
ive been told that housing price numbers are up because only high income buyers can get approved and afford current prices. Therefore only higher priced houses are moving which makes the numbers look alot better.
Higher cost homes sales and prices are down.
Luxury was the first to go.
You will own nothing and be happy. This is intentional. The housing market is being manipulated by the rich and government.
Nothing is down in the Appalachian mountains! Prices are sky high for raw land or houses and more and more are getting bought by developers and sold off with an HOA which is not worth buying into. Average home on the NC/TN boarder on either side is 300k and an acre is 12k-25k
Once again Real information laid out mathodicly straight to the point. Thank you Brian
Thank you Brian. You are appreciated!
There's a 3 bedroom in my California neighborhood that was listed at 900K in June 2023. It's now down to 750K and no one wants it. It's a nice home, but prices are extremely overvalued.
I ain't buying one in California.
Same in South Florida 👎
You should include new construction. It’s down 18% nation wide from peak.
That’s a crash.
Exactly. No mention of this at all.
New construction sales or new construction building,?
@@Selahree New construction sales. Sold homes. And that's with massive rate buydowns.
@@Selahree prices of new construction are down 18% from their peak.
@@JonSmith531ok thx. asked because we are buying new construction
Thanks Brian! I appreciate your input on everything we need to know!😊
I appreciate this channel. Always solid information.
I wish this guy the best of luck on all his endeavors. He reads these comments too much for it to be impactful but I do wish that people at home trust his analytical mindset. Take care man.
Where I live there’s houses for sale everywhere, but it has been months and they still there !
America is expensive
@@irgelreal facts!
New home sold prices are down 18% year over year.
Great advice! Your videos are loaded with top quality information. Keep it up!
I love your work. Thanks for the often daily updates.
If unemployment goes up significantly then everything will change fast. I think the world is in financial trouble.
"IF" though
It wont. Everyone is working and jobs are plentiful.
Plus, most people who own homes are locked in at lower rates.
yepo we have seen it happen many times
An HOA in Colorado went up 600%, And thats only one HOA. Something bad is going to happen.
.....no
Yeah everyone is moving here to SC. Takes me 45 mins to get home when it only suppose to take 15-20mins
Thank you for making these videos… very educational
Yup. Im a homeowner in golden handcuffs essentially. I cant afford a lesser home with the rates right now. Most people around me cant. I think this market is creating a heavy need for builders to build smaller homes again. Which is essential for new home owners. Before they were building mini mansions around here. Im seeing much smaller homes 1100-1400 sq ft being built more often again.
Dude my area all new homes. Homes not apartments in Florida are under 1k sqft. Lol
Starter homes or basically the size of regular homes back in the day (like 50 years ago).
@user-mg8fn1bq9d homes were all sizes even back in the day. At least around here. Lots of homes from the 1800s that are 2k-3k Sq ft.
They started building 1500sq foot homes near pgh and asking $400-$500k for them. Not sure if they are selling. It's crazy.
GOLEN HANDCUFFS ??? 😂😂😂😂 Sell Your home , put your stuff in storage, invest that money (if you had made any ) just chill and wait 👍
Run for president Brian!
I second this proposal!
After Trump…I agree!
No, they will not let him do good for the ppl .
For real though
😂
Thanks for the video brother BK
Thanks for the updates.
If the market crashes, many people may be forced to sell and downsize...
That’s the goal, “don’t worry it was climate change😷”
agreed about moving South! We want to move for family reasons too yet we do have a 2.7% rate. Push comes to shove we eventually have to decide. We are trying to wait as long as we can. Family isn't getting younger though. We would definitely jump in at 5 %
I lucked up and got 5.25 in May after the SVB crash and corresponding temporary rate crash.
Thank goodness I did. Both prices and interest rates have risen since then.
Thank you for your videos.
Appreciate the video. Lots of good data and insight, as always
Happy Wednesday Brian! Have a wonderful day! 💗☀️
Happy Wednesday Rose Bloom!
In Brian we trust !! Appreciate you tons good sir
Thank you Brian. Appreciate you
Thanks Brian
In New York State (particularly southern New York (pretty much anything south of Albany)) The Housing values barely budged, not only are they high they still get purchased above asking prices. I'm assuming the reason is that there are no houses under construction, many people want out of NYC but want to stay in state (instead of living in NJ/CT (also states up in value)) and inventory is very low.
Brian is one of the best economic analysts on here, if not the best of best. But he uses published data. And data is being obscured here. Home builders only list one property for sale, even though the whole subdivision is vacant. "Ghost inventory" is everywhere... Cancelled contracts are not tracked by the government. Do your own research on ghost inventory in your area by driving around new subdivisions before you buy. Don't just look at the data when you buy...
actually this is true. builders only list one or two proprties of the block on sale.
Thank you again for the updates.
Thank you for the video, Brian!
It’s not that I’m “rooting” for one. It’s that’s seeing something that’s not supposed to be happening happen, that’s becoming irritating.
How are prices going up when every working class American is living paycheck to paycheck.
Fool sees something they just have to have, bank gives them loan valued at 40% or more of fool's earnings, fool buys overpriced home, fool is house poor. The end.
Prices aren’t going up. Funny figures. Discounts all over the place and homes are listing for much less.
Great video. Love the knowledge 🌞
Great job. You are always factual and balanced.
Lower rates and housing up or down depends on employment. From 2008 to 2012, we had lower rates and falling housing prices due to higher unemployment.
No it was mass foreclosures due to liar loans. Don’t listen to crash bros. Govt had to lower rates to stimulate the market again.
"...these homeowners think they're so cool..." LOL! :) Best thing all day.
Thanks Brian 😊 😊
Appreciate your content
Bought property in Florida during the pandemic. Best move I ever did. But now with insurance companies leaving Florida. Home insurance is out of control.
Till Dems wins the state.
I've been listening to this guy for months now and I heard nothing but the truth and accurate predictions. God bless you Sir!
Thank you for the info
What are your thoughts on housing affordability is the lowest it has ever been? That has to come to a head at some point.
Spending almost 60% of income on a home is pretty rough.
Doesn’t have to with foreign buyers and investors.
Home affordability was worse in the 80s than today. Prices didn’t crash then and won’t crash today. I would stop listening to crash bros on UA-cam and listen to Brian when he says get in now.
Home prices always fall during the winter.
Thank you Brian
Thank you Brian.
I can imagine that when rates go from 7 to 4 percent, that something will have to be compromised to get there. Perhaps higher unemployment. Brian has made videos on the collapse of the economy, along with other videos relating to deficits in our government, and the consumer credit card debts. How we have to live paycheck to paycheck. I just don’t see house prices going up if all of these things happen.
I am buying a house in early 2024 (Jan/Feb/March) in Akron, OH where the housing market will still stay relatively affordable. It sounds like it is going to get bad if the fed reserve pivots.
Great advice again! Now I have some advice for you too. Move to St Louis, RE prices are low overall, much less taxes, less crime, much warmer weather (no lake effect} and only 5 hours from Chicago. The best move I ever made!
Great details Brian. At some point could You expound on how this growing trend of building rental home subdivision is factored in the annual reporting of New Home builds? Here locally (ATL) we're seeing not only an unprecedented number of massive apartment projects but also nearly as many (rural) corporate owned PUD style residential developments that are strictly rentals? As such would this falsely inflate growth analysis reports (assuming projections are based on individual home building permits)?
love your content, I’ve learned a lot!
Thank you for all the support!
The fact that people can't comprehend their market is not representative of the entire country is truly mind blowing lol
remember how intelligent the average person is
I Love You Brian!, Good work!.
can't wait to see interest rates drop 2.5 or 3%. 1 point blip to me means nothing.
Inventory is so low in Atlanta that prices are not coming down.
Thank you
It is going to be the opposite. No one is going to want to sell. And beyond that, people are going to squat in houses they can’t afford. And the way it is going, they won’t be forced out of these homes for years, if ever.
The real estate market is already crashing; haven’t you seen that home prices are already down 20% in my area, haven’t you seen phoenix?
Home prices are down in Phoenix because it’s a cesspool. 😂
Great video Brian 👍👍👍
@x-vj4tj Enjoy your evening!!
“They think they’re soo cool with their 3.9% mortgage rate” -Brian 2023
yes but that's exactly how i feel.. great😂
Now that's funny 😂😂😂
It’s me. I’m so cool 😅
How about 1.8% for 15 year loan ? I can’t complain 😊
All I’m saying is…this feels like 2008 all over again….
Really? Where’s all the foreclosures? Where’s all the bad loans? Where’s the unemployment? Where’s all the supply? This feels nothing like ‘08 to me and wishing it doesn’t make it so.
Not even... Way different.
@@steveguillory7568The Fed has promised us every meeting that they're coming after our jobs. When unemployment starts climbing again it's game over.
Patience. The number will start coming in.
@@steveguillory7568it hasn’t finished unfolding. People are already being laid off
You called it about 18 months ago too. Great work Brian.
Winters in Chicago can suck, but trust me, summers in Texas are pretty bad too. I grew up in Chicago, 20 years, been in Texas for the last 16.
If we go into recession and it’s a decently large one then home prices will crash with everything else
From job loss alone
Better off staying north. The summers are going to become disgustingly hot in the south unfortunately
Come to Naples! You’d love it here! Thanks for the city shoutout, encouraging as we currently have our house on the market
6:30 We had 4-5 months of 100+ degree weather here in Texas this summer and it was absolutely miserable. Lots of people I know that moved from Cali can’t wait to move back…
Not only is the real estate market not crashing where I live in NJ, prices continue to increase and inventory is shrinking. I anticipate the market to be even hotter once spring arrives.
Same here in Charlotte area.
For sure in South Florida
Move. NJ is being flooded with rude New Yorkers
@@FadeHook23 Raleigh NC is definitely being invaded by rude New Yorkers.
Here in Oregon where I live homes have gone down about 100k or less
❤❤❤move south...I left Massachusetts and love Noth Carolina haven't even turned on my heating yet. No SNOW!!!!!
Yep just starting looking and homes are staying out there longer. I’m hoping to find one before end of the spring. Good luck to all!
Also, these are 83% investors buying these properties at elevated rates, not families....
“There has been no housing market crash” true for most of America…tell that to people in cities who have seen 25% declines
Just ignore the interest rate buy downs on new homes. Don't include those in the actual prices of homes sold.
📢 Shout outs to Clear Value Tax !!!
We are fortunate to have Brian clear up the misleading info that comes out of certain indivisuals.
🌊 ALoHa 🌺
GOD ❤ BLESS