Correct never trust a realtor. Of course they’ll say things like “you can always refinance”, or “if the market crashes you can just rent out your property”…yeah right. Good luck hanging your livelyhood on whether someone will pay your mortgage or not…buying right now isn’t smart unless you find a good deal. Not seeing them in my area
@@Jake-pf4kv . Realtors have no control of when. The fed and current administration has everything screwed up. I paid almost a dollar for an apple today at Walmart. Everything is bad.
It means THE END of first time home ownership for ppl like me and the slow death of the middle class. 35 yrs old native Tennessean put in 73 bids for first home over past 4 years ALL LOST to cash investors. We've decided to put off starting a family until we're in a home to build financial stability. We've realized our chance to buy a home has passed us by.
They will pop when banks go under…too much stress on these banks and they know they aren’t getting the payments they need. Many banks are already becoming insolvent…no more BTFP either
Realtors claiming $48,000 on a $800k house is a huge burden on the homeowner. Realtors should charge about $3,000 for connecting the buyer to the seller.
Where are the older people going to move and down size to? Her analysis makes no sense. That will put more pressure on the smaller starter homes that first time buyers are looking for
Banks need money back from cheap mortgage interest rates and theses student loans that aren't being paid back...so they don't go under.. that's what Jamie Dimon from Chase is really worried about..
Fed lost control of high duration portion of curve a long time ago. Yellen holding on to it for dear life. Bond vigilantes in the driver seat this next decade.
A bubble implies that there is no longer a sensible correlation between price and demand. If that were true, the first sign would be cheaper rents, and the cost to rent is increasing. The high cost of housing isq1 due to currency debasement and inflation greatly outpacing wage growth.
It means people that thought they were going to be able to refinance will not be able to.
But realtors said you can refinance later😂
Correct never trust a realtor. Of course they’ll say things like “you can always refinance”, or “if the market crashes you can just rent out your property”…yeah right. Good luck hanging your livelyhood on whether someone will pay your mortgage or not…buying right now isn’t smart unless you find a good deal. Not seeing them in my area
Realtors up there with lawyers and insurance salesman in my book
You an when rates go down.
@@shirleyshirley4188 but when?
@@Jake-pf4kv . Realtors have no control of when. The fed and current administration has everything screwed up. I paid almost a dollar for an apple today at Walmart. Everything is bad.
People are foolish betting on low interest rates. There will be no housing crash. Investors are ready to engulf any inventory to serve it's agenda.
It means THE END of first time home ownership for ppl like me and the slow death of the middle class.
35 yrs old native Tennessean put in 73 bids for first home over past 4 years ALL LOST to cash investors. We've decided to put off starting a family until we're in a home to build financial stability. We've realized our chance to buy a home has passed us by.
"You will own nothing and be happy"
Downsizing won't occur will occur at a slower rate, most will elect to stay in place. The ARM loans are the folks who are going to get squeezed.
Nothing will pop.. house prices today is the new average
They will pop when banks go under…too much stress on these banks and they know they aren’t getting the payments they need. Many banks are already becoming insolvent…no more BTFP either
Then war on flippers, investors, their families and their properties it is.
@shanerogers9386 don't be a hater
If it pops soo many local government budgets pop as well.
Realtors claiming $48,000 on a $800k house is a huge burden on the homeowner. Realtors should charge about $3,000 for connecting the buyer to the seller.
Where are the older people going to move and down size to?
Her analysis makes no sense.
That will put more pressure on the smaller starter homes that first time buyers are looking for
I don't know. Maybe a 72 year old no longer needs 2,800 sq ft place. Maybe an apartment of 1,000 sq ft would make more sense.
Why should they move? It's their home! They paid for it.
@@shirleyshirley4188 no enough money 💰
@@shirleyshirley4188 maintenance, insurance cost
Housing prices will continue to go up. Law of Supply and Demand. So many people waiting and wanted to buy but who’s selling?
It’s time for real estate to correct 30%
More
As long as people locked in low rates, sub 3% the inventory is going to remain very low as no one wants to sell.
No need to sale if you can't pay for it
Not really new construction is way up they're just going to keep building tell prices drop
The transfer of wealth is held hostage
Only 19% of seniors who are 65 and older have a mortgage.
Even if your property is debt-free, those on fixed income are burdened by rising property tax and insurance.
How about lower rates to help with housing affordability.
They mean nothing. What matters is inflation. People are broke.
Banks need money back from cheap mortgage interest rates and theses student loans that aren't being paid back...so they don't go under.. that's what Jamie Dimon from Chase is really worried about..
How about the percentage of homes owned by investors?
Increase rates!!!!we need deflation not inflation.
Higher for longer, means going bankrupt later
Fed lost control of high duration portion of curve a long time ago. Yellen holding on to it for dear life. Bond vigilantes in the driver seat this next decade.
Housing is a bubble that must pop
A bubble implies that there is no longer a sensible correlation between price and demand. If that were true, the first sign would be cheaper rents, and the cost to rent is increasing. The high cost of housing isq1 due to currency debasement and inflation greatly outpacing wage growth.
@@incipidsigninsetup demand is falling rapidly. Its als being manipulated
@@incipidsigninsetup housing prices are directly effected by inflation. The bubble must pop
@@incipidsigninsetup I have a rental, we had to reduce rent by $325 a month. a
popular fl area/
All I have to say is just stop being greedy
Very smart lady and good questions.
Inflation. Higher for longer
Fear monger some more, rates not going up and house prices not going down get a clue lady.
One of the worst housing takes I've heard in a while.
Oh Jamie, you and your bankster friends created a lot of this crisis. Thanks for your "concern"...bleh!
finally someone i can agree with and gets it