Yes let get back to the basics. Food, clothing and shelter. Not an investment.💁🏽💯

No homes are investments. Probably the biggest investment that most people have.

@@carolr7823 By the time you finish paying a 30 year loan you paid more than double the purchase price because of interest. Add on top expensive maintenance items like roof and HVAC system. You maybe lucky to break even if your house keeps up with appreciation. Is it really a good investment? I see my primary residence as an expense and rental properties as investments.

What did people expect when the govt printed a fuckload of money and gave everyone PPP loans back in 2020. I swear the average american has the attention span of a goldfish.

I agree. A basic need shouldn't be a commodity.

If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

consider moving your money from the housing market to financial markets or gold due to high mortgage rates and tough guidelines. Home prices may need to drop significantly before things stabilize. Seeking advice from a financial advisor who understands the market could be helpful in making the right decisions.

I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?

'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

I believe Opting for an investment advisor is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 45% since Q2.

Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?

Melissa Jean Talingdan, is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII

A Financial Planner told me Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably.

Greed is not new. It has always existed. The current amount of fraud is new, and none of it is accidental. Criminal gangs write the rules here, and it shows.

It’s called supply and demand. Not enough supply. Too much demand. It’s not greed.

@@damnjustassignmeone These are not free markets. The currency itself is being rapidly counterfeited. To everyone who isn't close to a counterfeiter, life rapidly grows more difficult.

Capitalism

No, it’s supply and demand. Always check the data on building permits. In recent years the permits granted for single family home construction has decreased. When supply is low and demand is high, prices go up. This is economics 101…

That's terrible, but on the bright side this led you down an adventurous path. Van life groups and forums make it seem like a really fun lifestyle. Hopefully you can enjoy it and will have a story to tell one day ❤

@@karmasutra4774 I'm just going crazy out here and falling behind on bills and barely even have any gas in my van.

where do you put the litter box?

The only way to get out of that hole my freind is to work harder and make changes in your life that will be difficult at first but will help you progress. You have to realize if you stay blaming the cost of rent for your misfortunes, you will stay there.

@@karmasutra4774 Everyone isn't able to spend a small fortune to renovate a van into a living space and go driving around the country. There are levels to living in a vehicle. He did it out of necessity not as some type of fun, millennial adventure.

You can build both large and small homes.

​@@TheRealEdStonerNo you can't, zoning laws, and regulations that prevent it.

@@user-iz7fu2dp6qI know. I should’ve said they should be able to build both small and large homes. And in some areas you can, but I know a lot of areas have restrictions against small houses.

Same with cars. Everything is High Line - nothing in the basic transportation segment. Capitalizm is proving to be a complete failure.

🫂🫂🫂🫂🫂 I feel ya. I'm working two full time jobs as well. Barely holding onto my home and even renting out some space too. 😢 and I'm just so tired. My doctor yells at me to work less. And I'm like you got some spare home for me somewhere? Lol

Part of the biggest problem is your realtor and mortgage lender they don't care if they put you in a home you can't afford and eventually lose to foreclosure.

@salvadorbravo4187 this true and the overvaluation of the homes dont help. It's a 2003 built 728sqft starter home 140k brand new. Then it sold for 185k then it was sold to me for 275k and now it's appraised at 365k and my taxes have gone up 3x since I moved in due to voter levies for schools etc etc. It was made as cheaply and fast as possible in a cookoe.cutter community. Theese are not high value homes. Regardless of supply and demand certain things should only be worth so much money at some point. - I make almost 80k a year. I should be able to afford 728sqft of space. My whole lot driveway included is 2600sqft ppl have homes bigger than my whole lot all around me. 🤷‍♂️

Welcome to Bidenomics

Sometimes I don’t eat for a few days just to save money until my next check comes lmao this is crazy my mother didn’t have to live like this in her 20’s wtf!

Price controls never fix the underlying problem, which is a currency that is based on fraud in which some must work for it while others can simply print/gamble/bribe themselves into a massive supply.

Then rent will be x2 expensive. U know what the real problem is? It's the property tax. The gov is the ultimate landlord

@@x-men69-96 No, since the 2008 housing meltdown, it's been opportunistic house flippers . . . dudes with paintbrushes who snap up properties, quickly doll up the cosmetics and then put the houses up for sale for tens of thousands more than they paid for them. Later, private equity firms have come into the large and medium sized cities. They buy up entire available neighborhoods, do their own version of the flipping scam and then typically make the houses available as rental-only properties . . . at a significant bump-up to what the house would have previously rented before.

Congress will never do that. They ALL own multiple houses. History tells us the wealthy elite members of Congress will not vote against their own self interests.

​@@x-men69-96 that's our local gov tho. Most property taxes do not go to the fed unless your homes on fed land. They go to your county or state.

Marriage and child birth is down because young people have figured out that the divorce laws and child support laws are criminally unfair and brutal. Who wants half of their net worth taken from them and then have to pay 35%-50% of your net income for two decades? That said, I do believe there is a huge wealth gap that is fueling the lack of affordable housing.

​​@@DWilliam1No, Dusty William. That isn't the reason 🙄

It's not like that in the Midwest. I live in a rural part of Illinois and you can still find small 2 bedroom homes for well under $50k. There's no reason a Gen Z with no kids should be buying a 3 or 4 bedroom home, especially for their first place. Doom spending will only lead to a lifetime of regret, and for what? Some material junk you have to store in one of those extra bedrooms you wouldn't be using or afford. Get out of the cities, live small, and don't weigh yourself down with debt.

Weird. The millennials and Gen Zers I know (which isn’t every single one, I get it) are doing well. They’re actually pretty inspiring young hustlers - intellectually curious and able to adapt. Maybe it’s just the environment in which they were raised?

​@@DWilliam1 if both spouses work, why shouldn't assets be split in half , just curious

What. Not ten years ago it was $7.20/hr. Now it's $16-20 where I live, depending on the industry. At any rate, home ownership was never meant for those making the bare minimum. It's the reward for showing a little hustle.

$20/hour dont do much when a starter home is half a million. Has nothing to do with hustle.

@@petewilcox3354 Sure it does. Minimum effort and skills means minimum wage. Home ownership is not meant for everyone. Some people are destined to rent forever.

This is why we need $120 dollar an hour living minimum wage.

@@lelandgaunt9985 Why not 200? Why not 500?

You need shelter at the end of the day💁🏽💯

Nobody's sending their kid to college off your rent money. That landlord has to pay the mortgage, taxes, insurance, upkeep, and maybe have a couple hundred left over each month. You are paying for a service, no different than staying at a hotel, and the house owner deserves to get paid.

I don't blame independent landlords. Blame large rental companies buying up everything.

the landlord has the right to do whatever they want with the money they earned by having and maintaining a decent livable home you can live in available. And if it's a private landlord, they're probably paying the mortgage with your rent money so they don't lose a home and you're not out on the street unexpectedly.

It’s already starting to change in Florida. A lot of corporate homebuyers are having to sell their property at a loss.

Yup, it can still be a great place to earn a good salary and accumulate wealth, which is what I’m doing before I retire early elsewhere 😁

Not sure if China is the place I’d go…

Other countries have gotten richer and some immigrants move to America with degrees and more money than ever. Some families are willing to live 10 in 1 house. Try outbidding that hardworking immigrant family. Americans can also find cheaper colleges in other countries that speak English.

@@DWilliam1 China is an awesome place to visit and live. I really enjoy my Chinese friends and colleagues. Though, admittedly, China is not a retirement Mecca nor does the government want it to be. For retirement, planning on Thailand. Excellent and affordable health care, safe, can easily make it on a minimal social security income though most bring income from 401k’s. The land of smiles.

The last time I checked there is no Earth 2 to flee to my friend, in the end no place on earth 1 will be unaffected by global warming.

Exactly… very confusing

Don't fall for it they're just trying to give you the run-around I can tell you right now it's because like I said all the Realtors got super greedy throughout all the past generations and hand it off most of the keys and the land land to foreign corporations such as Chinese corporations most specifically

What? Climate change and changes, in what used to be stable weather predictability, are causing unaffordable housing. This is because of the rising cost of available homes and raising insurance. And I know that's not the only factors but how is that portion of it confusing?

@@starbrite526 It’s the cost of the home the insurance has to cover. The median price is in the mid $400K range. Prior to Covid the median price was around $300K. The southeast has always been hurricane prone, as for the west when you start building homes in forested areas you increase the risk of out of control fires, plus California has horrible forest management. It ain’t the climate.

Climate change is the main reason house insurance prices have increased. The insurance companies are refusing to pay out for chronic storms and flooding. It’s costing them too much so they increase the deductible for the rest of us. That makes housing unaffordable. Not confusing at all……

Madame Defarge is knitting and watching and waiting

They don’t want us to

Marriage and kids are now in the past. It's over. Now it's individual survival in this evil capitalist world.

This!

Alberta isn't much better, not if you want to live anywhere around Highway 2. Banff or Jasper? Fugetaboutit...

I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don’t know who agrees with me but either way I recommend either real estate or bitcoin and stocks..

I keep wondering how people earn money in financial markets, i tried trading on my own made a huge loss and now I'm scared of investing more…

@@face2lune Understanding your financial needs and making effective decisions is very essential. If I could advise you, you should seek the help of a financial advisor. For the record, working with one has been the best for my finances...

I’m Glad i stumbled on this. Please, if its not too much of a hassle for you, can you drop the details of the CFP that assisted you and how to get in touch….

@@face2lune I get guidance from *Susan Tori Davis* Most likely, the internet should have her basic info..

How is it greed?

@@damnjustassignmeone How is it not greed.???

Ironically if you just lift the lower class into middle class with policies that help the poor it would also solve the racism issue since more afircan american families will be a part of the middle class. Sadly this will never happen because the richer people are, the more likely they will become conservatives (to pay less taxes)...dems would lose a majority of voters

when you say minorities you mean blacks and hispanics right? I dont think ive ever heard asians in any conversations. also how is the DEI leadership that is chicago and NYC treating you? thats the fundamental issue :)

@@jg274I think OP is just trolling

Actually it’s mostly the government getting in the way of builders

Can you explain more about what you mean by red lining? I'm aware of what that means historically speaking but I haven't heard that term used to describe any current practices. Please educate me.

Yeah but if that house is burnt to ashes you’re up a creek…..

Self insure- if you own your own home. Sock away your money in a money market account that you’d pay each month for home owners insurance.

All housing should be owner occupied by law.

In my area, they don't even build a house unless it's 2500+ Sq ft so the developers can make half a million on it. Then everyone setting their old houses, rent, etc based on all these new houses that are selling.

Not true, it’s about corporations being able to write down the value of the house and all other expenses are tax write offs.

They’re building million dollar homes in my area they’re pushing out poor people to the ghettos. But businesses are also shutting down idk who they think will work these jobs.

Developers will also avoid building affordable housing in areas with too much eviction backlogs, rent control and other red tape. These areas can also change the laws overnight and pass more restrictions. High Risk and Low returns.

When small segments of the population can buy up large amounts of inventory for rentals that reduces supply.

All these clickbait videos, they make me laugh: "What they are NOT telling you! Why the biggest crash in our lifetime is happening soon!"

Actually interest rates are still very low compared to history. The super low interest rates are what caused housing prices to skyrocket.

Huge phones too so you can watch more new product videos. I remember when we had 10 people in 1 house, home cooked meals and 1 phone.

That’s objectively false dude lol😂 I don’t know what rock you’re living in😂 but that unfortunately is not a fact according to the statistics. Have you seen the avg yearly salary of Americans and the rent prices? You sir need to educate yourself

I'm pretty sure the Venezuelan refugees aren't out there competing to buy $400,000 homes. Most of them couldn't come up with $400 to save their lives.

Minimum wages are super low. That's why 30% of people can't afford anything. Because they getting paid minimum wage or less then 12 Dollars an hour before taxes and insurances.

​@@paxundpeace9970so why continue doing minimum wage work? Isn't there something a person can do to earn more?

I don't believe the "economy," as the average American defines it, has ever been good. It's not like there was ever a time when every citizen was rich and satisfied with life. It's just that nowadays, uneducated poor people have access to social media. They just get on there and whine about how bad things are as if there's no path to climb out of poverty. If you want to afford a rich lifestyle, then do the work to make yourself marketable. If not, be prepared to live in poverty forever. There's no secret, you just have to make it happen for yourself.

I stubbed my toe this morning. It must be climate change's fault.

Not by itself, but it’s definitely part of the problem

@laylapreater7813 Comprehension is bliss.

They like to blame everything on the climate.

Housing was cheaper after the bubble burst Americans had 10 years to buy at good prices. Now prices are pushing up. Many people are also working remotely saving time and gas money. Many are saving for that big bidding war.

@@jeretsoyeah gen z was still in school when those housing prices were down and the bubble burst😂😂😂😂 but let’s act like it’s gen zs fault for being born when they were😂😂😂

@@jeretsoyou can’t tell me when 2008 happened that it’s gen z fault for not being able to get a house in those 10 years when housing was cheaper you do understand the majority of people that are gen z were 6 years old😂😂 so your telling me they had ten years to buy a house? Bro they would have been sixteen man, I don’t agree with that at all house ownership should be a moral right for all law abiding Americans

What does that mean?

@@MrWolfchamp-xi3cuwhat part of “wages have not caught up” (ie kept up) is too abstract for you to comprehend?

I lost my housing twice during the pandemic, and then couldn't afford the skyrocketing rents anymore, so I ended up buying an old Toyota Sienna minivan to live in.

That is not hyperinflation. Yes it is really bad losing about 10-15% purchasing power (deping if you high ot lower income) over two years due to higher food and energy prices. Still it seems that even outside those core areas insurances or housing and cars have become insanely high. It is outrages greed but this inflation is decreasing from nearly 10% (9.4% in 2022) to about 3% today) Hyperinflation is what had happend in Germany in the 1920s you need inflation of 60% or more each month. Prices for Potatos went up by 10 times within two months. From Late Dezember 2022 10 cent to 1 Mark.

We’ve had some inflation but certainly not “hyper inflation.” This isn’t Venezuela or post-WWI Germany. And general inflation isn’t really related to the rise in housing prices. It’s mainly lack of supply.

Who said we’re overpopulated?

Has nothing to do with it😅

@@damnjustassignmeone No one! Because it's obviously not an issue!

Unchecked immigration has everything to do with it. More people looking for places to live means increased demand, and increased prices across the board.

@user-dw1ls3rp1l Need to look up the facts because it's very hard to immigrate here. We let in a very small number of immigrants... if they're getting in illegally, hold the border patrol responsible and change the system.

There’s no other currencies available for us American citizens to use for purchasing consumer products!

Facts

*Yes*

Dude go to another market

Where.??? Hawaii.???

Problem is THEY have lobbyists that control the governments. Your vote means very little.

No because of competition why would they charge less if they are one of the few that will insure you ?

@@Lord_drippus I was meaning for the rest of the people outside of CA and FL.

Not in the short term. Insurance companies are licking their wounds.

LOL. Do you actually think Insurance will lower any rates.??? That's like asking for taxes to go down.

Just find another piece of land that you can steal from the original indigenous owners. I mean you got the guns and all…

​@@robm6803 😂😂

It would. It would put about 9 million people out of work fast.

@@kenofken9458 That is why we have this artificial bubble that keeps growing by the day and won't pop until it really collapses the whole economy

@@joefiola3763 Everybody loves capitalism...when it serves them. A big reason we have the standards of living we do in this country, and a reason the dollar is the world's reserve currency even now, is that we don't put up a lot of barriers or uncertainty for investment. Bubbles are a thing in real estate and elsewhere. Foreign investment can be a factor but really the last huge bubble had much more to do with disastrously poor lending policies which overextended risk and concealed it coupled with the belief that values would keep accelerating at mad paces forever. There has to be a balance. People want low home prices when they first buy in, but they sure don't want prices to stay low when it's time to cash out and live off that investment in retirement. We have places where home values don't appreciate or fall. We call them ghettos and it's usually considered a catastrophic failure of public policy. We are where we are in part because local government is all about maintaining and increasing property values. If you look at zoning laws, code enforcement etc. you see that most of it is aimed at keeping up property values. I was a journalist for many years and saw how local politics interfaced with this issue. People in areas with nice homes had fits if a developer wanted to put in anything they felt might lower their property values. One of the things they hated most was affordable housing. Not public ghetto projects mind you, just smaller homes for working class people. Zoning favors single family homes, which is the most expensive home ownership option. They favor isolating neighborhoods from retail and other uses, so only people with cars can afford to live there. They favor large lots over small ones and large house footprints over smaller ones. That adds up to expensive. The people who own homes want prices to double, and they'll politically destroy anyone or anything that threatens that. I don't know what the ultimate answer to home prices is, but I'm certain that simply banning foreign buyers will not get us there.

Owner Occupied by law.

They like to blame everything on the climate.

Yep. Bidenomics is the greatest thing since sliced bread.

The gov wants MORE people = more tax cattle.

Do you think they care.???

Climate causes people to get divorced. Causes all problems in this world.