‘DEPRESSED’: Housing market showing ‘just how bad things are,’ economist says

Рет қаралды 93,709

Ай бұрын

Heritage Foundation public finance economist E.J. Antoni breaks down how U.S. housing has become 'unaffordable' and impacts the greater macroeconomy. #FOXBusiness
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Пікірлер: 548

@leondonald 25 күн бұрын

High interest rate causes house market declining, less people are buying houses. more empty comericial buildings are converted into residential condos wich results in rental declining.After covid, more people are working at home, artificial intelligence technology has eliminated many office jobs, and commercial buildings are vacant and converted into apartments.

@Walter_hill_ 25 күн бұрын

With rates climbing like never before in ’23 coupled with uncontrollable inflation, and our own mortgage at now 7.5% what are the best alternatives/strategies for avoiding a crunch and maximize my $200k savings other than moving in to an RV with my two kids and wife.

@DavidRiggs-dc7jk 25 күн бұрын

You are not alone we can no longer afford our mortgage, husband wants us to travel or relocate/I am proposing cashing in, walking away and renting while putting the rest in the stock market.

@robert-1miller 25 күн бұрын

I believe that for the market to normalize, there must be a minimum 40% decline in home prices. It is advisable that you get advice for appropriate portfolio allocation from a knowledgeable advisor if you are unsure about purchasing a home. That's how I've managed to survive for the past five years and accumulate about $1 million in investment returns.

@EllenAbrex 25 күн бұрын

that’s some interesting numbers, mind revealing this person guding you ? he/she must be a seasoned advisor

@robert-1miller 25 күн бұрын

Vivian Jean Wilhelm is the licensed advisor I use. Just google the name. You’d find necessary details to work with and set up an appointment.

@Patriciabanks5 26 күн бұрын

Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.

@JordanPortales 26 күн бұрын

I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!

@LukeMcfarlane5 26 күн бұрын

Soon, cheap homes won't be cheap anymore because prices today will look like dips tomorrow. I think inflation will cause panic until the Fed tightens its grip even more. You can't just pull the band-aid Off half way. Booms and busts are the ups and downs of the economy, and they will affect any investments. If you are at a crossroads or need honest advice on the best steps to take right now, it is best to get counsel from a financial expert.

@MarkGrimm8 26 күн бұрын

How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?

@LukeMcfarlane5 26 күн бұрын

Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

@MarkGrimm8 26 күн бұрын

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.

@Aarrenrhonda3 19 күн бұрын

I've been watching the housing market closely, Prices have been skyrocketing for years. It's going to be tough for first-time buyers to enter the market." how can one diversify $280k reserve .

@Peterl4290 19 күн бұрын

I agree, It's not just the prices, but also the increasing interest rates that are making it more difficult for people to afford homes. With a good FA you can make up your portfolio.

@larrypaul-cw9nk 19 күн бұрын

The housing market has always had its ups and downs, but it's true that this time feels different. Having a portfolio manager will save you a lot in the market , My portfolio currently has 200% increase last couple of months with the help of my advisor.

@sabastinenoah 19 күн бұрын

in times like these, it's crucial to be cautious and not rush into the market , Who is this your FA , my portfolio needs urgent attention , been a lot of lose.

@larrypaul-cw9nk 19 күн бұрын

Her name is “TERRI ANNETTE MOORE” can't divulge much. Most likely, the internet should have her basic info, you can research if you like

@sabastinenoah 19 күн бұрын

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.

@Raymondcraw1967RaymondCrawley 25 күн бұрын

fear a housing crash due to people buying homes above asking prices with little equity. If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.

@FaithAndrada-xo9ou 25 күн бұрын

Consider reallocating from real estate to other reliable investments like stock, crypto or precious metals . Severe recessions offer market buying opportunities with caution, as volatility can yield short-term trading prospects. Not financial advice, but it may be wise to invest, as cash isn't ideal in this period.

@AndersonFair-cy2bb 25 күн бұрын

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

@BrewerVera 25 күн бұрын

this is huge! your advsor must be grade A, mind sharing more info pleas? in dire need of proper asset allocation

@AndersonFair-cy2bb 25 күн бұрын

Rachel Sarah Parrish is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

@BrewerVera 25 күн бұрын

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

@CalvinMorris-cf8jk Ай бұрын

how can you send 160 billion to other countries with housing problems in your own country crazy crazy stuff man.

@thedude5040 Ай бұрын

Ukriane needs our money more than homeless veterans and I have zero problems telling that to a starving vet

@anthonygarrone5272 Ай бұрын

@@thedude5040 i got cancer reading this response 🤮 America comes First if youre an American !!!!!!!!

@fernyv4368 Ай бұрын

You love america

@Pivvip57 29 күн бұрын

@@fernyv4368I do. I'm a vet. How about you? And I agree with the Ukraine comment 100%.

@cottagegymfun 29 күн бұрын

US created this war in Ukraine. Think about that

@matturner8 Ай бұрын

I’m a new dad, I moved to the Bay Area a few years ago and I’m thinking of purchasing a single family home, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? I heard Nvidia and AMD are strong buys.

@ritalorrigan Ай бұрын

it’s a personal decision, but according to Forbes, housing activities will remain stagnant for the most part of the year, so maybe hold off a little.

@KevinClarke9 Ай бұрын

well you could put a downpayment on a home and as well diversify as much as you can into Ai and pharm. stocks like Pfizer and JnJ.

@ScottArmstrong12 Ай бұрын

Certain Ai companies are rumoured to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I.

@matturner8 Ай бұрын

this is all new to me, where do I find a fiduciary, can you recommend any?

@ScottArmstrong12 Ай бұрын

Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

@CharleyHull-dn6nh 22 күн бұрын

Every week I buy more bitcoin because i believe it would surge after the halving, but could Gold be the safest buys other than BTC & APPL in terms of growth with $150,000 to outperform the market this year?

@BradPaisley56 22 күн бұрын

Made my first large buy of bitcoin in 2022 and have literally been buying quarterly since then. This is why one must consult a true market expert before making decisions.

@BINDERANDREAULRIKE 22 күн бұрын

I do agree, Investing has gotten difficult especially after pandemic, hence why I decided to use the expertise of an advisor, my spouse kicked against the idea initially, but oh well guess who's best buddies with our advisor now hehehe.

@DonatellaVersace44 22 күн бұрын

Hello thanks for replying, I'm curious to give this a try. Please who is your advisor and how do I get in touch?

@BINDERANDREAULRIKE 22 күн бұрын

Melissa Jean Talingdan 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.

@DonatellaVersace44 22 күн бұрын

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

@mariadrukker2557 Ай бұрын

The situation is indeed concerning. With the housing market being so depressed, it's a clear indication of broader economic issues. I think diversifying your portfolio to minimize exposure to real estate might be a smart move.

@Andres_853 Ай бұрын

The economy is also facing its own set of challenges, which only adds to the uncertainty. The high inflation rates and fluctuating interest rates are putting additional pressure on housing prices and mortgage rates.

@har0ld551-hn6fm Ай бұрын

I'm in a similar boat. My real estate investments haven't been performing well, and I'm starting to worry about the long-term implications for my retirement portfolio.

@roseyfischer Ай бұрын

I’ve heard that consulting a financial advisor can make a huge difference, especially in times like these. They can provide personalized strategies to mitigate risks and find safer investment avenues.

@roseyfischer Ай бұрын

The problem is that people don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could help to earn a high in these challenging conditions.

@Bigwilli123 Ай бұрын

Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.

@glennhopkins2643 Ай бұрын

FJB !!!!!

@FleeSkeeYee Ай бұрын

TAX THE RICH!!

@miscellaneous714 Ай бұрын

@@FleeSkeeYeehow about not printing money?

@BeAlertAllTimes Ай бұрын

@@FleeSkeeYeeFJB not paid his fair share,

@walterwhite1 Ай бұрын

I hate that dude with all my heart

@johndavis1738 27 күн бұрын

Please, stop saying FJB. It's so rude and disgusting! I expect it from democrats some of whom are real degenerates but not from republicans most of whom should have character. Simply state your objections--which should be a mile long!-- in a respectful manner.😅😅

@LeahLewis-ny9iu Ай бұрын

Our economy is struggling with uncertainties, housing issues, foreclosures, global fluctuations, and the pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

@WhitneyRoss-dj4rf Ай бұрын

With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.

@ChloeCarter-kd7gz Ай бұрын

With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.

@MelissaHobbs-qm8wi Ай бұрын

This is definitely considerable! Do you think you could suggest any professionals or advisors I can get on the phone with? I'm in dire need of proper portfolio allocation.

@ChloeCarter-kd7gz Ай бұрын

@@MelissaHobbs-qm8wi Just research the name Desiree Ruth Hoffman. You’d find necessary details to work with a correspondence to set up an appointment.

@MelissaHobbs-qm8wi Ай бұрын

I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

@user-ql1hu3fr4f Ай бұрын

Buying is great if you find a great deal in great location. It's not really a "profit" until you sell, though. So your networth will climb, which feels pretty good, but you would still have to pay rent or buy a new house if you were to sell. You would have collateral, though, which means you could borrow money for other things. Or you become a landlord like Graham and you get other people to pay your mortgages for your downpayment/investment. But owning a house will soak up a lot of your income compared to finding cheaper rent. Mortgages kind of suck, because they make you pay more towards the interest than the towards the actual ownership of the house.

@Daniel-ss7ri Ай бұрын

With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.

@Janise-pg8yr Ай бұрын

@Valentine-sd2fb Ай бұрын

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

@Janise-pg8yr Ай бұрын

Just research the name Angela Lynn Schilling. You’d find necessary details to work with a correspondence to set up an appointment.

@Valentine-sd2fb Ай бұрын

I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

@Stewartbuston Ай бұрын

This is a great video and your dedication is highly appreciated, it made me remember the first time I started my journey, my curiosity landed me with arbit pay and all I can say is I can't even believe how far my growth has being.

@Chrisshingle Ай бұрын

What is the arbit pay about and how exactly did it change your life?

@Stewartbuston Ай бұрын

A while back, my little boy was sick and I couldn't even pay hospital bills. 120k salary in a year. Saw an ad about arbit pay and I decided to try even if it's just 2k. I had this belief and it was like he was directly talking to me. About 24k in a six days. Took 20k to be sure I'm not dreaming 🤣🤣 🤣

@Stewartbuston Ай бұрын

Left the rest for another and it came out even better and in a month I already made more than what I get in a year, my son is doing well and everything is great. I don't like sharing these experiences but sometimes these job pays are really not good enough.

@Chrisshingle Ай бұрын

@@Stewartbuston The safest approach is knowing what you are about to go into and knowing who would be dedicated to teaching and showing you your mistakes. Sometimes 120k in a year pay isn't much, so how do we go about our expenses not covered?

@Chrisshingle Ай бұрын

@@Stewartbuston Well, the arbit pay is it an app or where can I get in contact or connection, please.

@jamiebeebe9606 Ай бұрын

We have been in a recession for years now, but no one wants to say it. They even tweaked the definition to avoid actually giving it a name.

@svencejohanson9051 Ай бұрын

It's called DEMOCRATONICS

@hymansahak181 Ай бұрын

You get it.

@trueelectsupremea.m.mosttr4786 Ай бұрын

Yeah okay 😂

@uploadtime1780 Ай бұрын

@trueelectsupremea.m.mosttr4786 are you saying the administration didn't change the definition of recession last year? Fun fact they did...

@Rightround0846 Ай бұрын

It's like everyone forgot 😂

@marktweet7395 Ай бұрын

Greed conquers all. Prices way too high!

@gizmonovack Ай бұрын

Not going to make. Any money if no one can afford it

@firstlast8258 Ай бұрын

@gizmonovack money is at the job if you are able bodied

@davidwilliams4498 Ай бұрын

That's exactly the problem

@naturelover2292 23 күн бұрын

Facts! Just because interest rates are low and house is in high demand doesn’t mean people should pay three times what they are worth.

@user-by1kx1px5g Ай бұрын

Yes Joey's policies have done so much for the country. Our triple AAA rating dropped to AA only twice in history when Joey was VP and now as president, the deficit is higher than the gdp, mortgage rates highest in 22 years, 8 million illegals into the country wreaking havoc on our cities. Great job Joey.

@juanito714ok Ай бұрын

Who're you gonna believe? Your bank balance or an economist for The Atlantic? Don't be an anti-intellectual! lol

@hosea4_682 Ай бұрын

Thanks funny Trump raised a 100 million in one week. Apparently the economy is not that bad

@HappyGermanShepherd-xi5sq Ай бұрын

What did Biden do exactly? You don't know because you're an idiot. But everyone knows how terrible Trumps failures are.

@uploadtime1780 Ай бұрын

@HappyGermanShepherd-xi5sq oh people know, try getting something outside of mainstream news for once

@robert.m4676 Ай бұрын

@@HappyGermanShepherd-xi5sqBiden shut off the pipelines, which in turn doubled the price of fuel. Biden withdrawal of Afghan got 13 troops blown up while 9,000 Americans were left behind in enemy territory alongside 86 billion in military grade weapons and equipment and attack helicopters and vehicles, ammunition, and tons of other military supplies and MREs in the millions. The weapons have been used against Americans already. Biden stopped all of Trump’s border policy allowing 20 million people from other countries prisons and mental institutions into our country. I can go on and on and that’s why Trump will be your next President in a landslide like never before seen.😜

@snotbubbles3276 Ай бұрын

All awhile this administration continues to tell the American people that everything is fine. Which should alarm all Americans that this Administration neither has a plan or a concern that the current economy needs to be changed. Why anyone even cast their vote for these people is crazy.

@trueelectsupremea.m.mosttr4786 Ай бұрын

Because everyone is making money under Biden. Your just getting TO greedy and think you deserve more.

@davidburkholder7360 Ай бұрын

Because of your last word in your comment (crazy). Ask yourself this question: What percentage of the U.S. Population is actually,factually INSANE? In other words what percentage (although not in an institution) DO NOT make sane decisions? The problem is "The Human Mind." Of course few know the answers to these questions (I do and many others) but until these questions can be answered you will always be in mystery. Now, who would continue to vote for these policies? Who would forward these policies? Why would they do it? The answer to the first two questions are the insane. The answer to the last I won't comment on here as would not be believed. Good luck with this planet. I'll add that is by design and gotten away with because the folks doing it have already created enough insanity to pull there goals off.

@HappyGermanShepherd-xi5sq Ай бұрын

You can't tell us exactly what Biden did wrong because you're an idiot!

@PascalBongard-cw8hd Ай бұрын

The rich stay rich by spending like the poor and investing without hesitating then the poor stay poor by spending like the rich yet not investing like the rich

@JacobWilson-ew4ve Ай бұрын

I'm celebrating a $30k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me

@FlecherMontelle Ай бұрын

Do you invest with a professional broker? I'd appreciate it if you show me how to go about it.

@FlecherMontelle Ай бұрын

I'm 37 and have been looking for ways to be successful, please how??

@surerdhoni6859 Ай бұрын

She's definitely a top player in the trading world. Her ability to make successful trades is really impressive.

@surerdhoni6859 Ай бұрын

SHE'S ON TE LEGRAM⬇️⬇️⬇️

@peterpierce9233 Ай бұрын

I remember in the Carter administration when Interest rates were 18%

@kcmaldonado3948 Ай бұрын

This whole thing is a repeat of going from Carter to Reagan.

@peterpierce9233 29 күн бұрын

@@kcmaldonado3948 yes. I agree. HOWEVER....Trump may be alive Before election day. Win or Lose. The Socialist Regime will try to Epstein him first

@jamesprice4074 Ай бұрын

America's best days are behind it.

@RFazor Ай бұрын

It’s the natural order of things

@FrankGallagherr Ай бұрын

Democrats want a socialist country

@Joe-pz4pj Ай бұрын

Too many government agencies that serve evil purposes. Those are the ones fighting Trump. Who is covering the Mass shooting in Lebrons old HUD camp with Crack Head Mammas, Child Tafickated Kids and a general family court that has Never Acted Best Interest of the Kids but rather a profit center for crooked lawyers and Judges.

@firstlast8258 Ай бұрын

Murica

@davidburkholder7360 Ай бұрын

For a bit but absolutes are not obtainable in this Universe.

@frankseprino8610 Ай бұрын

FJB TO INFINITY AND BEYOND!!!!!!

@mightyktv Ай бұрын

FJB, its all his fault!

@scruf153 Ай бұрын

and customers if you can't pay cash for something you can't afford it one reason I don't own a car but I do own 2 ebikes and a gravel bike paid cash for all three

@dbrew2u Ай бұрын

The Median Home Price in the US is north of $400,000.00 . The Average Home Payment is nearing $3,000.00 per month . Excluding Property Insurance , Taxes and Maintenance . In Florida Property Insurance in many area's is nearly $1,000.00 a Month . So all of you moving to Florida to save money ? Good Luck .

@djrickyb Ай бұрын

After taxes I don't even clear $3,000 a month unless I work over time at my job. I have to work full time plus work my DJ business, and we split a mortgage just under 1K a month. People who are affording $3,000 a month house have to be bringing in serious money with two incomes. It ain't worth it to be totally house broke and falling behind on paying mortgage and car payment.

@firstlast8258 Ай бұрын

Floriduh

@davidburkholder7360 Ай бұрын

Paid 3400 per year in Belleair Fl. Purchase price of home was 700k. Which areas you speaking of? Bought today.

@user-xj3ck5oy2x Ай бұрын

We are moving out of Fl next year due to high costs of taxes and insurance! Fl has become a state for the rich!

@davidburkholder7360 Ай бұрын

@@user-xj3ck5oy2x A million dollar home in Clearwater 12000 per year taxes and 4k per year in insurance. The exact same home in Smoky Mountains with lake. 2200 year in taxes and 300 year insurance. Hmmmmmmmmm.

@user-fv5ms4sz8e Ай бұрын

More for Black Rock and subsidized "new arrivals" to pick up at bargain prices.

@thedude5040 Ай бұрын

There is nothing at bargin prices. Go pound sand if that us what you believe

@podocrypto6072 Ай бұрын

The housing market has been already slipping backwards since Mid Summer of 2022. Now it's about to do a hard pull back, not only in volume, but in prices, even in the destination states. We may see another 2007-2010 housing market correction this time around, again! Thanks JB! Oh and JB was the VP in the last housing market crash! Thank him for that one too!

@Ja56780 Ай бұрын

We need prices to go back to where they should be. Greed has gotten the best of sellers and institutions and homes are way overvalued. Only 10-20 percent of the population can reasonably afford an average home.

@davidburkholder7360 Ай бұрын

You are correct. 2022 was the peak. Stopped then and pulling back hard as we write. Let us see how low she will go. Yeah Joe Biden always seems to be there. Frankly he would not even be in my company employee roster. Not because I don't like him (I don't) but because he is factually not an able dude proving that any moron can rise to a high position on Prison Planet Earth.

@jamescole3152 Ай бұрын

@@Ja56780 Not sure how greed has gotten the best of sellers and institutions. People sell their houses for what someone is willing to pay. Next time you sell anything sell it for half of what it is worth.

@jesseurizar7146 Ай бұрын

If families can’t afford homes then corps will scoop them right up and rent out. No crash or prices going back. McDonald’s workers make $20+ hr starting lol. Prices go up as we get older folks. As your parents or grandparents 😂

@sausageskippy Ай бұрын

Not in Southern California.

@mrchad97z49 Ай бұрын

Best News I have heard All Year. Slow it Down! Walk it Back. But I already knew this information because I watch Zillow for over 5 years

@tammycharles7622 Ай бұрын

Recession are part of the economic cycle, all you do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invested in stocks and biz, built my own business, and have my net worth increased by $500k in the last 4 years..

@Lisa12696 Ай бұрын

investment has saved so many families from poverty, and it's has been the easiest means to save and multiply money because money left for saving ends up used without returns.

@DaveRondon Ай бұрын

Considering the current economic situation, my main concern is how can we generate more revenue? We cannot afford to see our people's savings crumble into dust

@LibyanHagrieve Ай бұрын

I would really love to know how much work you did put in to get to the stage..what are the strategy?

@tammycharles7622 Ай бұрын

I am a single father, I bought my daughter a house last month, I will continue to preach on your behalf for the whole world to hear that you saved me from huge financial debit with just a small Investment, thank you Zelia Atkinson you're such a life saver.

@PaulinaEviar Ай бұрын

That woman totally changed my life for good. I have come across individuals but non is as honest as she is. So surprise you know her too.

@jameskenyon918 Ай бұрын

The Atlantic belongs at the bottom of the ocean.

@Drizzt_Do_Entreri Ай бұрын

At the bottom of, say, the Atlantic? 😅

@user-ie7uq7cq3z Ай бұрын

It’s not the interest rate issue , it’s the over priced housing market. We don’t have any problem with the interest rate we can refinance when it’s getting better but we can’t reduce the overpriced housing market 😢😢😢😢😢

@marktweet7395 Ай бұрын

How could it be worse?

@UncleWally3 Ай бұрын

When did homes become primarily an investment and secondarily a place to raise a family?

@svencejohanson9051 Ай бұрын

About 2,000 years ago.

@UncleWally3 Ай бұрын

@@svencejohanson9051 Well, Jesus was a carpenter . . .

@scruf153 Ай бұрын

around 2000 before then you could get a nice home between 60k and a 120k with a 30 year mortgage of $200 to $350 a month mine was $200 a month

@hereweare9011 Ай бұрын

It's the feds' fault when it comes to inflation.

@scruf153 Ай бұрын

not really customers drive up price more

@Pivvip57 29 күн бұрын

It's corporate greed and record profits while downsizing the product and raising prices, and stock buy backs from these corporations that drives inflation. Since they continue to raise prices, raise their taxes. 😊, and start taxing churches, synogogues, etc. Since they keep preaching politics . 😊

@PelosiStockPortfolio 28 күн бұрын

@@scruf153 The fed had it wrong when they called inflation "transitory" and were too slow to act, letting it get out of hand. They even admitted that and Jerome Powell apologized for it directly

@sadiacorralbenkhalek6480 Ай бұрын

Don't buy a house. Cannot afford the insurance even if you can afford the mortgage.

@scruf153 Ай бұрын

people don't think about insurance do they mine is $145 a month

@Swolejohll Ай бұрын

No one is locked in, people have the free will to move if they want.

@HULKBIGHEAD 11 күн бұрын

The cost of everything is ridiculously high.

@yehuo2825 Ай бұрын

this is a side effect from the 2008 world market crash!

@tmm226 Ай бұрын

Bad,,, everthing is moving at full steam...

@harleyj3938 Ай бұрын

Biden economics 101. Not for the people. But for themselves.

@mountainman6549 Ай бұрын

Can’t afford a house buy a tent

@scruf153 Ай бұрын

most state parks charge $500 a month to live there with power water showers and cable internet

@PugpugKeller 18 күн бұрын

Prices are outrageous.

@josefeibl8230 Ай бұрын

This all about Bidumbnomics interest rates.

@Dibbin Ай бұрын

Great segment

@Doty6String Ай бұрын

prices are at an all time high...this is insane

@Ttow49 27 күн бұрын

Before this is over some people would have been better off to leave a 3% mortgage because homes have been as much as 50% overpriced

@paulevans4905 25 күн бұрын

Its not bad until i see abandoned houses in my neighborhood....like 2008ish. Havent seen that yet.

@paulreynolds9003 15 күн бұрын

I thought people wanted cheaper houses.

@vuaeco Ай бұрын

Can't sell your house? No problem. Black Rock, Zillow, and other corporations are going to swoop them all away.

@economicdevelopmentplannin8715 11 күн бұрын

In the DC area. 16 mile radius from the white house Property tax, 5k, utilities, 8k, 13k for housing, for 4 bathroom house on a quarter acre Then groceries, 2k x 7 people, is 14k for groceries Plus a used car for groceries and emergencies, 7k yearly Basic needs for 2 parents and 5 kids, under 35k yearly 5k yearly per person This is what thousands of black Americans are doing in PG county MD, where more money is flowing to black people than any other places globally. ❤ Easy living, with access to plenty of high income hybrid jobs, teleworking options for the whole family.

@deadname... Ай бұрын

People have money to spend. ~ Joe Biden, May 13 2024

@cuzr702 Ай бұрын

Not with these inflation numbers they don’t.

@trueelectsupremea.m.mosttr4786 Ай бұрын

@@cuzr702 Yes they do 😂

@cuzr702 Ай бұрын

@@trueelectsupremea.m.mosttr4786 Do you know how much more each person gets done at work compared to 70 years ago? With all that efficiency and technology making us more productive, why do you think everything keeps getting more expensive?

@TheRawdawg Ай бұрын

Only 19% of sales are in the $100,000-to-$250,000 range

@BeAlertAllTimes Ай бұрын

I’m so glad that this is happening under FJB term ! Worse is yet to come !

@goldenboyproductions7229 28 күн бұрын

When you have to ask if things are that bad then you're definitely a one percenter

@marileedent8499 12 күн бұрын

High ....interest rates are unbelievable...

@jjmcwill1881 27 күн бұрын

Lower because corporations bought them all already.

@F150customs 28 күн бұрын

This was all done by design

@mattb383 Ай бұрын

Housing is booming and will never come down. There will be no recession and everything is great. You make more money than ever before and costs are lower as the CPI is lower than wage growth. The boomers are living it up off their houses and 401k's.

@lesliemoore1656 Ай бұрын

I live in an area where home sales and building new homes has been brisk and sales were up, now it has come to a standstill. There are half finished homes, people that cant sell their homes, prices are dropping. I hate to think of how many are now upside down in their homes, next is foreclosures. Thank Biden, corporate greed, economy for this. I think there is much more to come. Soon everything will be rentals and the bottom 80% will be joining the homeless camps. Again, thank those that voted for the Biden administration. Our nation was in good shape in the good old days, 2016-2020.

@cgschow1971 Ай бұрын

Sorry, but that's a little far-fetched. Guess it's regional, but home sales are still strong and real estate is still moving. New homes still being built.

@user-xj3ck5oy2x Ай бұрын

Fl too! Same

@user-xj3ck5oy2x Ай бұрын

@@cgschow1971not in Fl! Prices dropping big and 8 months of inventory! FHA delinquencies is up to over 11 percent!

@lesliemoore1656 Ай бұрын

@@cgschow1971 Sales are slowing down and expected to slow more. When the economy is poor and inflation is high, people stay put and stop spending.

@thedude5040 Ай бұрын

This is extreme. I have yet to see anything what you are talking about.

@User-pu3lc Ай бұрын

Home sale numbers down, home prices all time highs in most key markets. This isn't a news story until house prices meaningfully decrease

@CapitalismDeathSpiral 25 күн бұрын

I would need a livable wages of no less than $27/Hour and up just to save up at least $65,000 in a few years for a tiny house and solar panels. No one wants to pay over $20/Hour. Economy is broken and homelessness is rampant.

@Esperanzza943 25 күн бұрын

Shutdown the Government..!!

@Bob-bb3ur Ай бұрын

Homeowner's insurance in Florida is going up 70 to 100% every year. People on fixed income are losing their houses. Tell people about that.

@paulthegameralt2796 Ай бұрын

Why aren't these free enterprise home builders not building to meet the demand?

@chapagawa Ай бұрын

With the ECB rate cut, Powell will be soon to follow accelerating the stagflation curve.

@Pivvip57 29 күн бұрын

Heritage foundation economists. That says ot all....doo. and gloom. My first house interest rates were 10. 5 for 30 year loan. Its always a challenge to buy your fisrt house. Parents al.pst alwzys help in midfle to upper classes. If you cNt buy a home or survive in tnis booming economy, you are simply undereducated, under skilled, or lazy. 😊

@user-hu6qd2bs9o Ай бұрын

It w asnt illegal bro just stupid goverment

@PelosiStockPortfolio 28 күн бұрын

In my neighborhood homes go up for sale and have offers over asking price the first week. Theres no crazy bidding wars like 3 years ago but its about one step short of that

@user-pm2kg2kc6o Ай бұрын

More like oppressed by a false institution

@Wahinies Ай бұрын

The horror stories about the cost of home ownership from my buddy even if you can come up with the down payment even with the massive hikes in property tax and mortgage rates. He had to pay almost two grand to fix an underground leak that was on his homes side of the water main but since it was outside of his home the homeowners insurance that he probably pays a pretty penny for did not cover it. And this is for a tiny three bedroom, nothing fancy.

@Therocksteadycrew1 Ай бұрын

In Dallas tx and suburbs houses are selling and there’s no decline in prices not like pandemic days obviously 🙄

@Network126 Ай бұрын

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.

@cuzr702 Ай бұрын

Hard to believe anyone is taking out loans with these rates.

@garenafreefire20087 Ай бұрын

Revux is shaping up to be the best ICO this year. Get in early!

@naturelover2292 23 күн бұрын

It’s starting to happen…wait for it folks. Here comes the short sales, etc

@spiritanimal7516 Ай бұрын

Housing has been a disaster for years now

@shawncoon5283 Ай бұрын

Hell yeah, I’m locked into a 30 year note at 2.25%! I’m retired and plan on being in this house forever. The mortgage company keeps calling trying to get me to refinance so I can take the $100,000 plus equity out, no thank you!

@user-ef3nu1eh7z Ай бұрын

Depressed?? Give it some cymbalta!!!

@killer-fr7ug Ай бұрын

Swapped my alts for BTC and Revux. This presale is a no-brainer!

@user-jn9gv9ve6e Ай бұрын

it's not depressed where i live. kalamazoo and new smyrna beach.

@Shawnerr 28 күн бұрын

You will own nothing and you will be happy.

@rakeshmallik1839 Ай бұрын

Everyone’s talking about Qventi lately. Feels like another Revux situation.

@dannypowers4995 28 күн бұрын

Do not be fooled, houses are selling. Maybe a little less in price than the investors want to sell, but they are selling.

@MyerShift7 25 күн бұрын

It's BEEN awful for three years at least. FJB

@user-km5iz5fu8u Ай бұрын

Yeah it was the food they were overspending on not the houses during a pandemic where we didnt know what tomorrow would be so lets buy houses 2.5 times there value

@tylerite2932 Ай бұрын

Their payments will more than double!

@PauloAdriano-zo2ng Ай бұрын

Just like food prices-!!!😊

@Sjwolosz321 Ай бұрын

I was 18 years in on a 30 year mortgage and caught stage 4 cancer . Went through foreclosure and loss mitigation . My payment went up by 25 % and my new terms are . Won't be paid off until 2064.

@greensandbeansgaming1358 Ай бұрын

Not sure how people are pulling these gigantic loans for these overpriced houses and vehicles. Lifes not that long.

@scruf153 Ай бұрын

stupid people keeping up with the jonese buddy buys a new truck I need to buy a better truck all of them living pay check to pay check

@scruf153 Ай бұрын

set prices too high you will loose customers just like the auto industry did with me 4 years ago I am not working 40 hours a week just to own a car and nothing else

@varjunind1 19 күн бұрын

Need numbers minus tech and cash buyers

@teevee2145 Ай бұрын

Heritage foundation knows squat about economics

@jasonlovell3934 Ай бұрын

In central Texas the problem is track home builders and apartment builders have flooded the market. But this is not the first time they have screwed things up

@firstlast8258 Ай бұрын

Texass

@hacker99679 Ай бұрын

Insider tip: Revux is going places. Don’t miss out!

@ramesdhzjzhramesh7546 Ай бұрын

Focusing on presales for the best returns. Revux is my top pick!

@lukeclark7367 Ай бұрын

Over priced homes at 7% is the problem. Homes in Arizona went up at least 100% in 2 years. Common sense is that my pay didn't go up 100% and cant afford to buy even making 90k plus a year. The cards are falling at this moment, the perfect storm is here.

@thedude5040 Ай бұрын

Not really. There is almost no risk of a house price crash

@N_925_ Ай бұрын

@@thedude5040 what kind of drugs are you on?

@thedude5040 Ай бұрын

@mn925_ learn to be a realist. There is too much demand for housing that even if a recession happens, house prices will not collapse

@N_925_ Ай бұрын

@@thedude5040 You do realize during a recession people lose their jobs but somehow they can magically buy house? You must be a realtor.

@thedude5040 Ай бұрын

@mn925_ I couldn't name a single person who lost a job in the 2008 recession. During the pandemic I put people to work

@uncommon_name9337 25 күн бұрын

No, its just correcting.

@chandlerthehandler9165 27 күн бұрын

It just means we have to spread out. You people all want to live in the same place. I bought some land in the middle of nowhere because I know it’s gonna go up in price. Maybe 10 years we are gonna start spreading out and everything will go down in the cities and up in the middle of nowhere places.

@DrewDienno Ай бұрын

Trump would have to have inflation explained to him with a PowerPoint presentation. Biden would fall asleep as soon as the lights went out. Yet we’re supposed to be happy supporting one over the other

@benjaminhornberger7682 Ай бұрын

No, Trump wouldn't. Because his business is constantly purchasing goods. His company, like all businesses, have felt the sting of inflation