The Housing Market Is NOT Going To CRASH | Should You BUY A Home In Today's Market?

Рет қаралды 10,390

Ай бұрын

Chat with my preferred lender:
www.fmsmith319worldwide.com/youtube
The housing market is not going to crash, however there is a group of homebuyers we need to keep an eye on. The five reasons I do not believe the market will crash:
1. This is not the 2008 housing crisis.
2. 42% of homeowners do not have a mortgage.
3. 62% of homeowners that do have a mortgage, have a 4% interest rate or lower.
4. Institutional investors are buying up starter homes in the 300K - 500k range. These are typically the most sought after homes for first time home buyers, Millennials, Gen Z and Boomers who are looking to downsize.
5. Qualified buyers. Many folks who purchased a home in the past few years have high incomes and low debts.
The group we need to watch are the those folks who over extended themselves the past few years. I hope the economy turns around and people can alleviate some of this financial pressure.
Are there any other scenarios you think could create a potential crash in the market?

Пікірлер: 260

@AveryFossen 5 күн бұрын

People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Sure I'm not alone in my chain of thoughts.

@Franklin-gq4si 5 күн бұрын

Buy now, home prices will not go lower. If rates drop, you can refinance.

@CharlesArthur-fq5sx 5 күн бұрын

The government will have no choice but to print more notes and lower interest rates.

@williamDonaldson432 5 күн бұрын

Well i think, home prices will need to fall by at least 40% before the market normalizes. If you do not know whether to buy a house or not, it is best you seek guidance from a well-experienced advisor for proper portfolio allocation. So far, that’s how I’ve stayed afloat over 5 years now, amassing nearly $1m in return on investments.

@foreverlaura-fq4eu 5 күн бұрын

this is quite huge! what have you invested in ? much more info needed please ...I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.

@williamDonaldson432 5 күн бұрын

Finding financial advisors like Annette Marie Holt who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

@whitemakesright2177 15 күн бұрын

It's crazy that a "paid off" house that you "own" still costs you $600 - $800 a month. This country is a joke.

@phoenix-rising-86 10 күн бұрын

You rent a shelf in a glorified Walmart dude, move out into the country and pay zero property taxes. I highly doubt you'd volunteer to fix potholes and risk electrocution working powerlines and crawling through 💩filled sewers. Cheap is what you are sir.

@45Jayyyy 6 күн бұрын

💯

@phoenix-rising-86 5 күн бұрын

@@45Jayyyy so you volunteering to fill pot holes now?

@princessnahema 4 күн бұрын

Property taxes and insurance policy

@whitemakesright2177 3 күн бұрын

@@phoenix-rising-86 Local property taxes mostly go the public school system. I'm not against all taxes, just property taxes. I find income taxes much more fair.

@BaileyJames-zv2ddd 18 күн бұрын

Most home owners don't have a mortgage and many home buyers don't need finance as far as I am aware. I may be wrong. If I am correct, then the cash rate has less effect than the MSM suggests on house prices & the cash rate has less effect on house prices too.

@HelenChaseKiddyEnamaine 18 күн бұрын

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.

@bossqueen_lala3098 18 күн бұрын

Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets

@bossqueen_lala3098 18 күн бұрын

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with *Leah* *Foster* *Alderman* for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

@AdamWright8fool 18 күн бұрын

Back in the day, when I purchased my first home to live-in; that was Sydney in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

@daveseville7394 5 күн бұрын

@BaileyJames I think House prices could go up too. But because of the Flu about 5 years the world has changed. Nobodies buys from that market and Saudis don't have the petrodollar dollar anymore. Same because of the Ukr**ne too, so will people from R**Sia be able to launder their money in the US anymore I don't know. I think Housing market won't go down like the 2008 crash, but surely there will be less foreign buyers. Which could suppress the rate of house price increases. But I just remembered BlackRock lol, so houses will probably go up anyway.

@MyLifeInTheChi 19 күн бұрын

We also have an extra 25 million people in the country. Even if they can't afford to buy they are renting pushing rent prices up. Companies are now buying more houses to rent to them causing the price of homes to go up.

@jfragz1692 26 күн бұрын

Wife and I (both younger millennials) bought an apartment in Brooklyn NY in 2020 for 565k with a 10% down payment locked in a 20 year fixed 2.625%. Needless to say we aren’t leaving until less we buy a new place in all cash. Most people with good rates aren’t going anywhere.

@parkerbohnn 20 күн бұрын

Only total fools take out mortgages. My father always taught me if you can't afford to pay cash you can't afford it.

@jfragz1692 20 күн бұрын

@@parkerbohnn that’s laughable advice in 2024…luckily I didn’t have a father who would give such poor advice. We have the cash to pay for the apartment but why would I lock up liquid assets into something that won’t appreciate in value at a higher/faster rate than the stock market? I’ve already made far more than the amount of interest I’d have to pay on the 20 year mortgage and it’s been only five years in January. People who don’t understand that the job of money is to make more money are the people who would “pay a house off in cash…”

@ErnieBert-eg8kd 8 күн бұрын

@@parkerbohnnwith double digit inflation borrowing at 2.65 percent is costing the bank money. You are effectively being paid to borrow or.

@visionforetold4568 8 күн бұрын

Yea but you have to live in Brooklyn New York.

@Flame1500 6 күн бұрын

@@parkerbohnn your dad sounds like the fool here. This isn’t 1978 anymore

@badass6300 8 күн бұрын

So we need to wait for another 10 years when the majority of loans will be at 7-8% and houses will cost 20x the median salary...

@visionforetold4568 8 күн бұрын

And even then, with all of the mass legal and illegal immigration, it will be extended by another decade or so

@alexfisher3527 6 күн бұрын

I am not over extended as long as me and my wife maintain our jobs. But we’re pretty close to being net 0, definitely house poor. The future may be easier but bought in 2023

@alexfisher3527 6 күн бұрын

And that’s because I did not know my taxes would jump from 1.6 to 8K a year. Prior to that jump I was very comfortable with monthly income to shelter payments, now not so much

@cashandraven2369 28 күн бұрын

The market is 100% going to crash, it won't be like it was in 2008 but the path we are on is simply unsustainable with the big corps buying housing and leaving them sitting empty at ridiculous prices. We have literally been through this exact same thing before, and guess what, the market experienced a harsh correction.

@Phoenixguy357 28 күн бұрын

Id argue itll be worse than it was in 2008. We never fully recovered from that disaster and things are easily much much worse now. Such is the nature of capitalism

@theBear89451 28 күн бұрын

Big corps (those owning over 1K) own half a million homes or 0.5%. This is not enough to move the market.

@cashandraven2369 28 күн бұрын

@@theBear89451 Blackrock ALONE owns 3% of residential housing, what?

@cashandraven2369 28 күн бұрын

@@Phoenixguy357 I dont think it will be worse, but it definitely isn't going to be good either just because EVERYTHING is more expensive by so much compared to 2008. Sure housing going down to 3-4% is great but the rest of the economy is still so jacked people still won't have the mobility.

@theBear89451 28 күн бұрын

@@cashandraven2369 From their own website: BlackRock is not buying individual houses in the U.S. American Homes for Rent owns 60K, or 0.07% of 82M. BR owns 7% of AHR which gives 0.005%.

@nintha1 27 күн бұрын

I’m one of those millennials who bought a house in 2022 We got lucky to lock in at 6.3% and do a 3.5 % down payment. We didn’t overextend but the equity is at a stand still and we just had a baby causing us to just be in the line of comfortable and stretching our finances. Rent in our area is atrocious and constantly going up each year hopefully we can sell in 10 years in a better market

@nintha1 25 күн бұрын

@@jayk3551 it’s a starter home not a forever home, even if we move up into a large home with a higher interest rate we’d be able to put a much higher down payment and potentially cut our mortgage down about 1,000 dollars. Renting to tenants isn’t a head ache we want to take on. No one talks about the bad situations that happen, my parents had family friends they knew for years destroy a home that they paid very little rent for. They just didn’t care about the home and eventually had to sell it a couple hundred thousand less than it’s worth.

@jessicabixler1658 13 күн бұрын

I bought a house in 04 and had no equity for 10-12 years. That house is now worth tripple what I paid. Unfortunately I sold it too soon or didn't re buy soon enough so now I rent.

@nintha1 13 күн бұрын

@@jessicabixler1658 that’s tough! I hope you don’t blame yourself for selling sooner than later, the market is impossible to predict. I had an agent try to give me the best time to buy, and they were just flat out wrong.

@joeybrown567 28 күн бұрын

I have heard people saying dont buy the market is gonna crash for the past 6 years lol tbh If rates stay the same or go up. I can see a 10-15% correction in the housing market but nothing major like 2008. Honestly a 10-15% correction I think would be super healthy for the housing market

@priestesslucy3299 28 күн бұрын

A 30% correction would be healthy

@Jack-fr9bk 27 күн бұрын

@@priestesslucy3299keep crying

@EMPTORADVOCATE-gt4rb 26 күн бұрын

@@priestesslucy3299 Just wait till after this election it will not be like 6 years ago.

@JB-kx9bx 7 күн бұрын

2008 saw a 20% reduction in prices.

@joeybrown567 7 күн бұрын

@@JB-kx9bxhouses crashed a lot more than 20% more like 50% and some even more than that

@jhouser972 26 күн бұрын

Agreed. However, I see the housing market crashing, but not for another 10-15 years during the boomer die-off.

@yackelinericaurte623 16 күн бұрын

lmao

@tylermceachern3085 27 күн бұрын

I dunno, someone tried to approve me for a $500k loan ... which I in no way can afford. Tried to convince me to liquidate my 401k for it. Some people are going to listen to these folks.

@bgpurser 27 күн бұрын

Exactly, people are under the assumption that we “learned our lesson” from 2008. Insiders say we’d be shocked whats gotten approved.

@chamonglee 23 күн бұрын

You can always, idk, buy something under 500k?😮

@tylermceachern3085 23 күн бұрын

@@chamonglee Yes. I know better. However the person said I could afford thr $500k loan (which I can't). There are people who are going to listen when they tell them that whether or not the evidence actually supports that. Realistically I could probably afford $200k, but they're willing to approve me for more than twice that. That's a problem.

@chamonglee 23 күн бұрын

Well they only lend out up to 45-55% of your income. That’s been the norm for a long time now. If lenders made your max 20%, hardly any one would be able to buy a home. So they allowed you to go up that high. Whether you want to or not, that’s your own choice and shouldn’t be the lender’s fault. It’s like going to McDonald’s and ordering a meal and then saying they should’ve told you not to or that you look like someone who’s better off ordering the salad.

@tylermceachern3085 23 күн бұрын

@@chamonglee The problem is they lend 45 - 55% of a number you can't spend. They use gross income, net should be used.

@lauriechan2966 28 күн бұрын

1000% correct.

@turdmuffins88 15 күн бұрын

The housing market probably isn't going anywhere, but consumer debt, inflation and the national debt are conspiring to create a whole bunch of misery for the middle class. Unless we are very vocal, it will be the same bailouts for the finance industry and everyone else can just accept what they get.

@Imjusttryingtotellu 6 сағат бұрын

That’s exactly my plan, stay in this starter for about 6-8 years and I’m looking in a desirable coastal town - begin renting it out and then when we are more established we get our dream home. I’d like to get a point where I live in a home for 4-5 years and then rent them out over time. A small house is all I need right now, so I can continue to build.

@emanuelsanchez4922 27 күн бұрын

0% down payment are back lol its going to be worst than 08 good luck everyone.

@chamonglee 23 күн бұрын

You’d still have to qualify for it. They’re not just handing them out to just anyone…

@tkmaz207 6 күн бұрын

@chamonglee Good point, majority of people won't ever be able to qualify once all the old timers die off. Only a low single digit percentage of the new generations will.

@brazildahl 6 күн бұрын

Corporations and hedge funds should never be allowed in our country to buy or own single family housing also that includes private independent parties/ people who do Real Estate portfolios hoarding houses, they should be taxed out of the ears to where it's not financially logical to keep all these houses that they buy and hoard for greed, if not ban it all together. That was like when we were selling our house in Utah we had some people like that came and look at our house and farm, they were disgusting people regarding how they felt superior and acted it 🙄. It was a couple with their baby and they were just utter snobs and when we asked if they wanted to farm or what was their plans to raise what livestock, they looked at us like we were nuts and instead they said " god no, this is for maximus's (their baby) Real Estate portfolio".. the baby is only 4 months old and his real-estate portfolio has 30+ houses in it... needless to say we happily kicked them out the front door even though they wanted to buy the house for the price we wanted, we instead sold to our neighbor who enjoys using the home+ farm for her and her family.

@jamesthelionheart 2 күн бұрын

The concept of a housing "market" to me is ridiculous. Like, bro, I just wanna buy a shelter for me and the fam. I ain't trying to gamble.

@Mindy-ny8pm 26 күн бұрын

I feel like it could be similar to 2008 because everyone stretched their budget the past few years, they skipped inspections on homes etc and now whenever prices go up for anything like property taxes, insurance, general inflation it will affect their ability to pay the mortage. Also with layoffs and the job market being so bad it makes me wonder. I could be wrong just curious!

@xianx1866 26 күн бұрын

Who is everyone? 42% of homeowners are mortgage free. And most people have the mortgage rate lower than 3% except for those who brought it late 2022 -2024.

@chamonglee 23 күн бұрын

08 didn’t happen because people stretched their budgets too much. It happened because people were lured into taking up a loan they should’ve never qualified for under normal circumstances.

@Theashleydenise 12 күн бұрын

Im in group 3! Im definitely staying put!

@jrelpantera1982 26 күн бұрын

In Seattle is 5k dollar payment

@dcadventuretteam8964 15 күн бұрын

Funny how the rates were low in 2016-2020.

@lmchankins 12 күн бұрын

All we've done since 2008 is delay the inevitable. Believe it or not, the US economy needs a depression and historically, in the west, there's been one in the 20s and 30s for about the last 1000 years. Our current national debt levels are the highest since the Napoleonic Wars... 200 years ago, and we're in a peacetime economy...

@WitchDoctor87 12 сағат бұрын

When can we expect the housing supply to change so prices go down? Also can you explain in a video the details of the 2008-2009 depression?

@tamara4888 9 күн бұрын

I love your videos, I find them quite informative even though I'm not a millennial or Gen Z. I thought I would share my conundrum as GenXer. I was super lucky, and got my house before everything went completely insane. was even lucky enough to refinance at a 2.9% interest rate. But when I bought the house (4 bedroom 2 bath, acre of land) I had a boyfriend, a roommate 2 cats and a dog. But now its just me, split with the boyfriend, roommate moved in with their significant other and I feel trapped with this house. I am totally overwhelmed trying to maintain it. I cant afford to pay for a handyman or a yard person. And its just too much for me to do myself. I've tried getting other roommates but things haven't been great and it's scary as a single older lady(49). Now, I could sell the house, and get a good price for it, but it seems insane to end up paying twice as much for a one bedroom apartment as I am for the mortgage + tax escrow on my current place. Like I know how super lucky I am and I shouldn't complain, but I'm honestly not sure where to go from here as none of the options are really seem good. This market is insane, I honestly don't know how the younger generations are going to make it. Are we moving to a nation of having to have roommates for the rest of our life just to get by?

@alwaysardent1125 6 күн бұрын

Although you have a house, you are still experiencing the same mobility, flexibility, and opportunity crunch as the rest of us. It's in essence the pursuit of happiness that's getting more and more restricted- and you're a part of that. Even though you have a house. I believe what you are specifically experiencing is what they call Golden handcuffs.

@tamara4888 6 күн бұрын

@@alwaysardent1125 Golden Handcuffs, that seems pretty fitting

@LifeAfterDeathTube 20 сағат бұрын

to answer your question, yes - the US sucks and they're making it to where anyone who didn't get into their house early is forced to rent from Blackrock until they die. it also seems like they're trying to force current homeowners out of their homes by increasing property taxes and insurance. now, let me ask you this - will you sell your house to me for less than what you bought it for?

@jfree2737 4 күн бұрын

No market that the uber rich are heavily invested in is allowed to crash thanks to our government. A market crash is necessary to return to equilibrium pricing when the supply side has raised prices too high for too long. When it comes to the housing and car markets especially, they have hit this limit. Unfortunately, the government will bail them out with taxpayer-financed loans and tax breaks and credits. It's happened before, it'll happen again.

@claramarie8541 4 күн бұрын

I’m 65 and I have about $250k liquid in savings which I plan to put towards becoming a homeowner but based on the current high prices on real estate, do you suggest I hold from buying or do stocks for now?

@Alex_will12 4 күн бұрын

investors are extra cautious right now. They want to make sure they’re getting a good deal given how much mortgage payments have gone up, and when they don’t feel like they’re getting a good deal, they’re backing out, so definitely looking elsewhere is a necessity.

@Sadiqh2450 4 күн бұрын

@AndersonNoah-o6l 4 күн бұрын

In my opinion, home prices will need to fall by at least 40% before the market normalizes. If you're unsure if to buy a house or not, it is best you seek guidance from a well-experienced advisor for proper portfolio allocation. So far, that’s how I’ve stayed afloat over 5 years now, amassing nearly $1m in ROI.

@Pat_laura22 4 күн бұрын

This is probably what I should do. Who is your advisor, please?

@AndersonNoah-o6l 4 күн бұрын

Iynne Marie Stella has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.

@ancientdunlop 13 күн бұрын

Buying a house requires math skills you should have acquired in the third grade. Basic percentage math. You also need to be able to forecast a budget and should be prepared for fluctuations in that budget. (i.e if you buy a home at 4% have contingencies in your budget that allow you to still afford it at 7%). In Canada, we have to renegotiate our mortgages every five years so this is important. I understand in the U.S. you can sign a full 25 year mortgage at a single rate. What I did, and if you can do it I highly recommend it, is build your house yourself. I bought empty land just outside my local city and built my house with my own two hands. The upside is I have a 'materials only' mortgage, because all the labor I did myself, making my mortgage tiny. The equity on day one became the down payment because the house is valued at twice the mortgage. I am a Millennial and this one move, as well as a little disciplined investing, has given me a net worth of just under a million. I know it's not something everyone can do, but I hear so many people my age complaining about the cost of living, and then not go look for an alternative that will solve their problem. I don't come from money, I make an average income, and I don't have a college degree. There is nothing special about me. Anyone with a work ethic could do what I did and be comfortable.

@KESPepperCorn 19 күн бұрын

*spit take* 5% ??? 5% !!!!Frederick Ebenezer McGillicuddy Smith ! I’m about to go Orlando on you! Out here in California we have homes that had a value of 1.2million in 2022 now sitting at 900k for over 80 days with no offers. That is a price correction of -25% Good Day to you Sir!

@visionforetold4568 8 күн бұрын

The 900k price tag is still inflated. Lowering asking prices 25% from a 100% increase isn’t a correction dude

@craedenbearden8043 28 күн бұрын

People are literally living on the credit cards and student loans will be starting again for everyone your wrong. Better buckle up

@chamonglee 23 күн бұрын

Are those same people the ones that have homes? Maybe some, but I doubt it’s the majority. If you had all that debt racked up, chances are, you never even made it past the prequalification stage.

@karenbrest187 28 күн бұрын

Hello Freddie 👋 you have such helpful info for home buyers 🙂 you & Alyssa have a blessed day 🙏🇺🇲💖

@xyz7857 3 күн бұрын

In the whole western world its fucked up like this. Im lucky, i bought a 60 m² apartment in 2019 for 80k euro (1,78%) and now its almost paid off. Its good for a single, but if you want a house, you have to pay at least 400k here in germany. In south germany its at least 800k.

@mlmoreno75 24 күн бұрын

Blackrock and the US government won’t let it crash

@timfisher1588 28 күн бұрын

Bro forgot that in 2008 saudi arabia still backed the US dollar. I think we are in very much trouble

@NYPATRIOTBX 20 күн бұрын

Not a lot of people talking about that, but we are definitely going to feel that sooner or later.

@ryerye9019 20 сағат бұрын

There's a flaw in this analysis. Price is only set by those who can participate in the marketplace. Homeowners without mortgages who derive utility from living in that home as a primary residence are no longer in that marketplace--they can't buy and sell on a dime. The most active participants in the real estate market are investors, including individuals with second homes, who are chasing short-term returns. This creates more volatility in home prices leading to booms and busts. This is unchartered territory. The crash is coming, it's inevitable.

@PianoMatronNeeNee 26 күн бұрын

Maybe not “crash” but will definitely see a “soft landing”.

@detrickwoodward2210 17 күн бұрын

So the game is all about GREED.

@mrxiong2567 7 күн бұрын

People need to lose jobs for crash

@parkerbohnn 20 күн бұрын

Prices will just keep on rising becuase they're undrpriced right now.

@ShineOnBenevolentSun 17 күн бұрын

Can you please offer analysis on the effect that high numbers of reverse mortgages will have once large numbers of Boomers start to decease? I can't find stats on the precise numbers, but I intuit that's where a lot of their ability to spend on exploding healthcare expense, is coming from.

@cletrich 28 күн бұрын

Axs usual, solid common sense with a keen eye for the current economics trends. Keep Americans wise Freddie. Thank you for your sound judgement & advice !

@stevenha581 27 күн бұрын

I bet there will be a big correction starting by the end of this year. This correctional period will last for a couple of years.

@shesmymama 26 күн бұрын

Based on what data?

@stevenha581 26 күн бұрын

@@shesmymamaas you know, real estate values do not go up and down by data. It is largely psychological as well. It needs to go throgh a normalizing process. I am not saying the market will crash. As a real estate professional, I am starting to feel it in the market. For example, two years ago, similar houses that were sold over the asking price in less than 2 weeks are now sitting in the market for more than 2 months and some sellers are slashing the asking price multiple times.

@shesmymama 26 күн бұрын

Real estate is all data. We can go back 50 years to see patterns that exist, with the exception of the 2008 crash. They don't teach that in real estate school, though. Because real estate is seasonal, we tend to see a slow down in the Fall (correction), anyways, especially around the holidays. The 2021 -2022 market was an anomaly, and of course houses flew off the market. Interest rates were low, inventory was also low. Prices have continued to rise and I wouldn't call it a correction necessarily due to the gains made over the past years. Houses will sit longer, with price reductions, but those reductions aren't even equivalent to the equity gained. Sellers can afford to reduce because of that reason alone.

@stevenha581 26 күн бұрын

I've been in the real estate business since 2002 and we have no choice but to wait and see how the market will turn. Good luck!!!

@shesmymama 26 күн бұрын

@@stevenha581 I agree and thank you for sharing your opinion. Good luck with your clients! :)

@robertclark4851 3 сағат бұрын

Buy the cheapest place you can afford and fix it yourself.

@josepharmstrong6429 8 күн бұрын

This is a supply and demand thing though. With less people being born now to where we don’t have a natural increase that can lead to supply getting better as the boomers start to die off. They’re also the people who typically vote against affordable housing projects

@American-Motors-Corporation 5 күн бұрын

For the housing market is going to crash right now now but I would say you have that coming in the next two years basically two years out there's going to be a crash we're starting to see the lead up to that now after all we've got less activity happening in the new construction that basically means that finances are tightening up. But then of course you also have a situation where a lot of people purely just don't have the money up front to deal with a conventional loan there's plenty of inventory on the market the big lie has been that there's a shortage of inventory that's a crock of shit the reality is simply most of the inventory available on the market you need to get a conventional loan in order to buy it and a lot of people really just can't get a conventional loan simply because they can't come up with the money up front that's necessary to get that loan. Then of course you have a situation where industries are contracting this means layoffs this means a lot of people are poised to lose their jobs or they may have to take a severe reduction in pay the other going to have to take a lesser of a job meaning they're not going to pay for the house so we're already seeing evidence of that with a spike foreclosures. Yeah I mean people last time around said it's not going to crash and I'll be damned if it didn't. It was basically the same environment everything was overvalued via it's a bubble you had a situation where new construction slowed that's going on currently we have a situation where you know businesses industries in general were floundering yeah that's happening I mean after all there's basically a commercial real estate collapse so right there is the sign of you know not very many options for a job. So yeah I mean the rest of this year and most of next year should be fine but when you get to 2027 I think you'll see an increase foreclosures and pretty much by 28 you're going to see a outright collapse.

@jasonnolan9697 9 күн бұрын

Thank obama for this. It was all planned back in 2011.

@petersmith5624 26 күн бұрын

Let’s all band together and buy up and fix Detroit, plenty of houses and land for all

@dcadventuretteam8964 15 күн бұрын

Yqh I lost my six figures job

@weekendhero7411 6 күн бұрын

The 42% won't be affected by the crash, unless they need/have to sell; kids need to sell deceased parents home, or panic. The 58% with high mortgages, ARM's, and losing their jobs will suffer the crash.

@zbxck12345 27 күн бұрын

Crash probably not correction should be

@EMPTORADVOCATE-gt4rb 26 күн бұрын

What goes up away's comes down.

@GiftofGod289 26 күн бұрын

@@EMPTORADVOCATE-gt4rbwell, except real estate. Real estate never goes down on a long enough time horizon.

@tkmaz207 6 күн бұрын

@GiftofGod289 Prices in that market will have to lower at some point, or this country will experience a drastic drop in population like never before. People are already wising up and moving to better cost of living countries in Asia or Europe. Expect an emigration and low birth crisis to occur within the next few decades. America is on track to fall like rome or become more dictator like.

@jacobdalessandro9639 28 күн бұрын

We make about 200k and we do not feel comfortable buying with these prices and interest rate Income 16666 Debt 4570 2900 dollars average mortgage in ma No thanks! Not with 2 in daycare

@Jack-fr9bk 27 күн бұрын

Keep crying

@EMPTORADVOCATE-gt4rb 26 күн бұрын

Smart wait your time is coming you did not overpay.

@user-ow7xy9iv1n 24 күн бұрын

@@Jack-fr9bk Who hurt you? 😂

@Jack-fr9bk 24 күн бұрын

Yo momma@@user-ow7xy9iv1n

@electrodynamicorb6548 16 күн бұрын

The problem is you keep breeding

@Chino-bk9fd 11 күн бұрын

classic denial stage

@markouljancic975 26 күн бұрын

Already crashin, wth is he talking about? 20-30%off all time high atm..l

@xianx1866 26 күн бұрын

Where?

@chamonglee 20 күн бұрын

@@xianx1866 he’s pulling facts out his ass.

@mr.a. 28 күн бұрын

Instead of waiting for the market to crash, why don’t more folks talk about group ownership? A few friends 3 maybe. Buy a home and start earning equity. I see a lot of of young 20 and early 30 year old do this in Europe. Also really focus on letting folks know, hey rates may be high, but you’re genuinely paying 100% interest rate in renting. Getting absolutely nothing back. When the market crashes; which I doubt will happen. Than your prepared to move up the property ladder. Lastly a different variable to consider, is a lot of mortgage companies help when you cannot make a payment due to hardship. It’s incredible the amount of resources a homeowner has vs a renter. I’ve owned since 2008

@user-dj6lx1ns2e 28 күн бұрын

My husband's friends did this many moons ago. Worked out great for all!

@nintha1 27 күн бұрын

It’s a good idea on paper but puts people in a very unstable situation especially if there’s a falling out and your credit/finances are tied to a house with friends.

@user-dj6lx1ns2e 27 күн бұрын

@@nintha1 You need a legal agreement to cover all that.

@nintha1 27 күн бұрын

@@user-dj6lx1ns2e I mean signing a lease to a house with a group of people is technically a legal agreement, but I don’t think you can make a legal agreement saying the other person on your lease has to pay their portion of the mortgage. Renting is a different case because you can probably do a civil case and arrange something in that way, but I don’t think you can do that with a mortgage

@user-dj6lx1ns2e 27 күн бұрын

@nintha1 it's not a lease when your buying it & yes you can get a legal agreement outlining buyout &/or surrender rights. I know people who have done it.

@RedGottie 27 күн бұрын

You’re making a lot of assumptions. Most people buy the most home they can afford. Thats out of their entire budget, energy, food, maintenance, entertainment, kids, clothes etc. You think a $200k home is “small,” for most people, that’s a lot. Wages have not risen to compensate for higher costs. Not even close. Also, IT IS A LOT of people overextended on debt right now. More than ever. I don’t understand how you could put out a video like this without knowing that. Bankruptcies are up. Layoffs are up. Business closures are up. The inflation RATE is creeping back up.

@WarningStrangerDanger 25 күн бұрын

These days, a trailer will run you $200,000 😂

@RedGottie 21 күн бұрын

@@WarningStrangerDanger true.

@chamonglee 20 күн бұрын

@@RedGottie but how many of those extended in debt people are homeowners? Now there will be foreclosures happening due to the factors you listed, but it’s in no means enough to cause a crash. You’re going to need about 3million+ foreclosures to even make a dent in the market. We’re not even close to half a million yet.

@RedGottie 15 күн бұрын

@@chamonglee you’re talking just about foreclosure. Thats just one part of it. You should be thinking more broadly. How many people will lose the ability to buy a home when they lose their job? How many have lost the ability to save for one? How many will have poor credit because of defaults on credit cards, vehicles, other loans? You’re stuck in the mindset of trying to compare everything to 2008. It’s not. This isn’t a single market meltdown that will create a recession. It’s a multimarket, multi-industry, multi-national meltdown that will cause a recession, or worse. To exacerbate the issue we have the largest generation dying at a higher rate, causing their homes to return to the market. This will also put downward pressure on the housing market.

@jessicabixler1658 13 күн бұрын

@chamonglee it will be over speculation like air bnb or mortgage fraud znd people just not being able to afford them

@johnmay9699 12 күн бұрын

The future has already happened. It is destiny. Housing crash will be the greatest ever. It is going to change the world. It is going to change the future generations. This is not a “I think “ claim. I am telling you what happened in the future.

@LifeAfterDeathTube 20 сағат бұрын

share more with me please.

@johnmay9699 13 сағат бұрын

@@LifeAfterDeathTubeGod told me.

@Don-ex5ih 25 күн бұрын

This KZfaq doesn’t know how mortgage fraud works. How people buy house with zero down payment. How people buy house with no income. 😂😂😂😂

@Frescobar170 26 күн бұрын

Home Ownership Is Overrated and NOT a GOOD INVESTMENT Current Day!!..

@Hostilethreat 25 күн бұрын

Look i love this guy but at the same time, He's already a homeowner. It's in his best interest that The market stays the way it is for his own property value. Yes it's true what he says for millennials and Gen z not being able to buy homes, but his solution is more government based rather than letting the market correct itself and crash later. Because it would hurt HIS interest since he already owns a home. As right as he is on a lot of things, we still have to be mindful of bias. Its similar to when realtors tell you its always a good time to buy. The market is definitely going to crash, the consumer base has been priced out of virtually ever major population center in the U.S. There's pile ups of empty neighborhoods with a high price tag that no average buyer will even look at. It just takes one company like Zillow to drop their prices and trigger the chain reaction. And that terrifies this guy

@chamonglee 23 күн бұрын

Zillow doesn’t own anymore homes lol. He’s literally stating facts. Just because it’s not what you want to hear doesn’t mean it’s the reality.

@Hostilethreat 16 күн бұрын

@@chamonglee Zillow still owns residential property in my area. Zillow Residential is what the company is called, even then - Zillow is not the only one. Blackrock, Silverhomes, EverRed, Living Homes inc, all do the same thing. The point still stands

@susanjannarone135 26 күн бұрын

You have no insights.

@McKnabbZ 19 сағат бұрын

Just found your channel and am curious what your view on crypto currency is?

@user-dj6lx1ns2e 28 күн бұрын

Buying is always cheaper than renting. That's why people buy!

@stevenlee2120 24 күн бұрын

Not true! Insurance, maintenance, property taxes can get really expensive.

@graceg3250 12 күн бұрын

That’s not true if you don’t plan on living in your home for less than 10 plus years, because during that time interest rates are the majority of your payment, so you have very little equity in the house. Also, home repairs are very expensive (like $30,000 every 10 ten years for a new roof, etc.). And your neighborhood’s value could go down. And a natural disaster could destroy your home (often insurance won’t cover costs and if they do it will take years).

@theBear89451 28 күн бұрын

This video missed the most important factor: population collapse. If the US changes it's immigration policy, there will be no one to rent, so landlords will stop purchasing. There is a good chance we will see a housing market collapse from politics.

@jackfruth3738 6 күн бұрын

You make all these videos, but without actually telling people to vote as far left as physically possible, whats the point? Wheres the call to action? You should know that you have people in the comments saying, "yes, exactly, this os why we need trump" who you KNOW will only make things 2x worse! Your apolitical nature destroys your whole channel and any good youre trying to do. It turns it into just complaining!