Who's "they"? If you're talking about the Government, you're wrong. It's the Corporations and Wall Street. Like he said with #4, those investors are a real problem. Going forward from 2024, a family would be smart to invest in land (50-100 acres) out in the sticks, and build on it. Then, provided your local laws permit it (zoning), just build another home for each family member as they look to get their own home. You can always ask for permission to build from local councils. As long as you're not interfering with others in the area, it'll likely pass. Property tax will go up a bit with each building, however, it'll be way less than trying buy a new home. But, if those don't work, you could subdivide the property for each family member. Family compounds could work, if done right. But... how many families get along well enough to make that happen, right? 🤣

⁠@@LordBLBand you expect us to pay for land and the price of building a new house how? The flaw with your logic is that you’d need money to do that, to buy that land, to buy the supplies to build the house(s)

Build it yourself… wait you don’t have the skill right? So you want to use others skills and think you have the right to call their work overpriced. These starter homes builders can’t build for less than 200k after materials, labor, insurances, parcel costs, permits, agent selling costs etc. Builders making 30% profit is in no way greed imo… actually a little low considering the high risk of building and selling real estate

@@LordBLB They is the government. The building restriction are the CAUSE of investors buying properties. Land lording is like other industries, without regulatory capture, profit is squeezed out. Large institutions (those with over 1K properties) own about 0.5% of single-family homes. If a lord owner plans to build their own home, they can effectively become as construction worker with a tax free paycheck. Most people who "build" their own homes, don't do any of the work. Instead, they hire someone else do the work for them. This results is housing cost much higher than buying a track home.

and why, the *absolute* _fuck,_ would they think we're gonna just stay there?

literally communism, now I finally understand why my grandpa was so against it. Its communism but worse because they own everything and in communism no one owns anything actually.

also, eat the bugs and don't be self reliant with your own food. If you have more than a "reasonable" amount of food or supplies, the government can confiscate them. The gov determines what is "reasonable" as well.

That's why you buy Bitcoin before the Dollar becomes the next Kleenex.

And I simply refuse. I will keep my home, I will own stocks

I literally said this on a different video, but that is what they said. There's two kinds of prisons. One were you can see the bars, and you know you're locked up. The other is where you can't see the bars, but you think you're free.

Single family homes. We still want them to be able to build apartments since that's REALLY expensive.

Yea probably, but they’re a very small part of this problem.

@@itsAmeOFP Really? They own 25% of single family homes. You don't know what you're talking about.

@@triplea657aaa “The company's real estate investments are diversified, not focused on acquiring individual houses. Institutional investors, including BlackRock, account for less than 3% of single-family home ownership in the U.S., debunking the myth of significant ownership. Feb 11, 2024”

@@triplea657aaa where are you getting 25% from?

And here is why the market will crash. 1. People can't afford the high price combined with the normal interest rate. If you want to find a buyer at current interest rates, the price will have to come down. The income isn't there. 2. A growing number of people are being forced out of their homes by skyrocketing property taxes, insurance, and maintenance costs, on top of their current monthly mortgage payment, so guess what - they need to find a buyer, and fast. 3. He apparently hasn't noticed that a lot of people are getting laid off. See #1 and #2.

@@wildbikerbill6530 no, they will print money, give it to the banks and corporations at low rates so they will buy everything and be the new feudal lords. It has been already happening for a long time. This is not a market.

for some folks who currently don't own, they could've bought 3 yrs ago (prior to 2021) but didn't cause they were saving up for the 20% down. Would've been better off w/ 5 percent down considering how low rates were. Followed conventional wisdom and lost out big time. Those 2.5 to 3 percent rates were a ONCE in a LIGETIME ordeal, but folks under 35 ish didn't know that. When the iron is HOT, that's your time to strike.

Then don't buy a $500,000 house! Don't fill it with New furniture (bought on credit!) Don't buy a New car to match your new upward lifestyle, (also bought on credit!)

​@@idamcneill8005500k is only slightly above the national average house price.

Only assets with speculative value can be in a bubble.

@@theBear89451 like the dollar?

So when flippers and investors hoard homes at levels never seen before then sell them to other shady investors for double toor triple, that’s they money losing its value ?

@@shanerogers9386 no, it's when the fed duplicates the money base printing money from nothing and gives it to their pals.

The dollar lost 10-15% of its value due to printing. That’s a portion of the inflation. Add in tariffs on Chinese imports, all aluminum and steel as well as lumber and rubber that went into effect within the past 10 years. Then take away from the availability of western supply chains the raw materials we used to get in from Russia and Venezuela. Russia was a huge supplier of lumber, aluminum, iron, rubber, silver and other materials needed to build anything including homes for the EU. Once those sanctions went into effect, where do you think the EU gets all that stuff now? US supply markets. How you do you quickly raise prices of an item? Restrict the supply of that item. Just like with oil. The US used to import 500k barrels of oil a day from Venezuela, until the sanctions were put on them. Now we barely bring in 100k barrels. Want to know why gas prices are high? We just lost 400k+ barrels of oil a day just from the US for absolutely no reason. Oh, and the EU cut off their supply from Russia, so they are tapping into our supply chains for that too. This is how global markets work and are affected by stupid foreign policies such as sanctions and tariffs.

Do something then. Thoae same "tired" people are also eating garbage.

TOTALLY agree!! The market here in Texas is coming to a stand still. People are TIRED of these super high prices!

@@Erika-cw7ez Texas is fucking cheap. Only thing that's high is the tax

@@cpK054L the DFW area is out of control. Texas has some of the most overvalued homes in the US. It’s not cheap by any means.

@@Erika-cw7ez maybe don't look in the metro? It's cheaper than where I came from.

How many times can the government save the banks from bankruptcy? That's what I'm really starting to wonder. I've seen it happen 3 times now, I think. As soon as that finally crashes, it's going to be a marvelous cascade. I need to buy some popcorn for that day, so I can watch the scene unfold in style.

Literally this

When houses start getting foreclosed and it begins crashing, more investors and corporations will buy them. Saves the banks, keeps us renting, economy will be "fine."

Crying doesnt make it true 😂

Not a crash. A restructuring. Private property and money are about to disappear in the coming years.

No, Greed is fine. 10 cans of beans, just in case. THIS is GLUTTONY. 5000 cans of beans, and you're allergic...

Capitalism is overt greed. Socialism is covert greed. The only 'ism' without greed is Buddhism.

Greed is not simply the desire for more, it is the desire for more at the expense of others.

@@timetowakeup6302 Frankly, after the economic strife I'm suffering because of other's choices and votes I'll take whatever I want at the expense of others. I didn't support the covid BS, but those others? They made me suffer. I didn't want biden and everyone foresaw the effects of this administration, but I"m suffering it. So if people can support all of that at my expense, I'll go ahead do what I need at other's expense.

Did you know bezos bought hundreds of real estate properties And reselling it at ridiculous prices

Loss of employment, not income ??

I think you get it. So here's the thing, the RE market is so full of distortions it's a house of cards. and it's the "investors" that's the catalyst this time. A house is a depreciating asset. It needs TONS of work to maintain, roofs don't last forever and neither does anything else in the home. SOOOOO, all this "investor" nonsense works in ever higher home prices which can not go on forever. Reality will return and then those 1000's of "investors" that are going to be stuck with millions of homes that are not a home but an "investment" and they will start to unload the RE which will drive down prices. Is an "investor" going to hold onto that home that needs a new everything while prices are falling? If I owned multiple homes right now I'd be GTFO, It's not a panic if you are the first one out the door.

Naw. I was a Registered Nurse in 2008 and couldn't find a job. RN's can get a job without thinking now. 2008 was a severe recession. I remember.

@@Synoopy2 The recession hasn't started yet but give it time. There's that and my comments was deleted yet again. KZfaq has gotten PATHETIC and deletes anything even slightly controversial. I posted an analysis about the RE market and I must have been over the target.

​@@Synoopy2Better is subjective I suppose. Right now mid-level to higher education positions are absolutely bleeding for people because well, they're not paying enough to support families or even single individuals in this economy. The middle class is shrinking rapidly

Job market is much better now compared to 2008. It was great for Gen X to buy a home at a discount after 2008. Sucked for Millennials that graduated without a job and watched a stagnant salary for 15+ years.

🤔wondering who is backing these Institutional Investors? Because, if it’s the same people who are controlling percentage rate, this doesn’t seem right. What would be worse is if these are also who can take your property after you have paid it off but don’t pay taxes. Why would I strive all my life to be a property owner? Can’t take it with me if I die, can’t leave it to family. It’s like watching a hamster 🐹 on a wheel.

@@aries2481 Everyone makes the mistake of thinking that if one country is losing and being sold out, that another country must be winning. That's false, all countries are losing and we've all been sold out by a small group of individuals that run everything from the top down. The scariest part? The majority of these people pay fortunes to be as anonymous as existentially possible. Kept from richest people's lists, most influential lists, most powerful lists, etc.

The US dollar is finished

@@TrevorHamberger Facts. Add the Canadian dollar in there too. Australia as well while we're at it.

@@asparrow9876 all but three countries on Earth have an IMF Bank as their Central Bank. Once the US dollar goes the entire world goes with it. Brics won't help anyone

Yes. Those equity firms are driving house and rental prices. I own my own home but even I think rental prices are getting crazy high.

Corporations are people.

@@aaronwalters2679 😂😂😂

@@Mysterio1021 You never heard of incorporating yourself or citizens united?

@@Mysterio1021 What are you laughing at? Corporations are considered people.

I'm a regular person I own my home. I'm in my 40s. I bought my home right out of college and did a 20 year mortgage.

Combination of both probably

Mostly individuals. Institutions always use leverage. Always. Their whole business model hinges on cash flow.

Yes it is. Mostly new developments that are supposed to be around 120-250k homes and now most of them are sitting vacant in the market with stagnation

@@chrisbarrettFilmstudio They cost 250k to build they can't sell them for 250k

At least they gave you the house and demanded rent from there.

The rent in those soviet bloc houses were adjusted so that it was no more than 10% of your income. They're not alike.

​@@g2theartistEven if that was true across all of the eastern bloc, (it's not) you were still kept poor by the prices of everything else too.

@@Tinfoil_Hardhat the overall standard of living in the user was actually pretty cheap relative to their income throughout most of its existence. This includes housing, food, education, and so on.

The Soviets GAVE people apartments, then gave them BIGGER apartments when those people had families, there was near 0 homeless, near 0 unemployed, how is this anything close to that?

Good strategy

That's why i base the mortgage on s pension and not income

Big compagnies buy it all and rent it all. Make a business out of it. Kinda like american healthcare where the company you work for provides it as a "perk". Imagine your boss renting you a flat as part of your salary.

@@lauraschlieselhuber8487 Yes, but if the rent is so high that no one can afford to move into it, the money just isn't there for them to pay for it. Therefore, they have to resell it. If investors can't make money off of it, then they will sell it and get out from under the tax burden.

@@lauraschlieselhuber8487 This basically. We're already seeing Amazon trying to bring back Company Towns.

How are they not going to turn a profit, lots of people will need to rent and pay ridiculous amounts. Gotta live somewhere.

​@lauraschlieselhuber8487 that's what they do in the military. Military is lotted BAH as a subsidizing of housing. Imagine instead of being given 80k/yr, you're given 40k/yr because your rent and utilities were just removed due to the company providing you job housing. It makes sense!! You will own nothing and you will like it.

Property tax charges are like $5000 / year. If a company can afford a $500,000 house they can probably afford a $550,000 house, right? So that's 10 years of taxes already prepaid.

​@@gorkyd7912 you are not taking multiplier under consideration, yeah 5k is fine for 1 property, but what company has 1 investment property.

You're about 100 years too late for a communist revolution. Go move to North Korea and live the dream buddy.

Since the bubble is driven completely by flippers and investors trying to rig the market and extort you, the targets are easy. And just bring matches

Hard cringe

@@Pepestock we can say the same thing when people watch their investors homes they hoarded away from families burn

@@Pepestock Cringe trying to flip a house with a kitchen remodel for 200k more

Property taxes aren't going up much at all. But I live in California since there's a maximum amount it can go up each year. Due to prop 13 property taxes have kept my property taxes low since I had my house built back in 2005.

​@@Rhaspun Property taxes have doubled in many states and insurance in some states have more than doubled.

@@user-gc6jk3ww1s I renewed my insurance back in April. It went up $50 dollars for me.

No legal way to do that, but you can tax the hell out of houses that are not your primary residence.

Because they do what. Never could figure out the logic in that. Help an old guy out.

@@vietnamvet4533 Run up the value of homes by reducing the inventory available to individuals. Then with a large number of homes they can impact the rents in an area by setting rates high.

@@TheDustyShed Not really. It only cost a few grand to legally set up a Limited Liability Company (LLC). People would transfer their additional houses to the LLC. The company would own the house and they would not. So it would bypass your idea for taxes legally. Unfortunately, companies do need to own houses. Say you have a rental property in your name, if someone trips and gets hurt on the property they could sue you for everything you have. Transfering the ownership or a rental property to a company is a way to protect your personal assets if something bad happens.

@@AlwaysGrowing0 Good point

Large companies will buy these houses and then rent them out. I get flyers in the mail every week with some company wanting to buy my house, my house is not even for sale.

Corporations have the capital to buy literally everything now. If nothing serious changes in twenty years your employer will be providing housing for you similar to insurance.

Correct except they'll just be bought by corporations. But that being said the rent market is headed towards a major crash since it's getting to where even we'll off people are struggling with the rent. Shits gonna go off the rails and things will either get drastically worse or drastically better afterwards only time will tell

You are correct nephilim. Homes are being built faster than new families are being created. It's just that currently, there is a shortage of homes. This shortage was partially caused by effects of the 2008 housing crisis that greatly slowed down home construction. Also, lots of people lived with parents during covid, which also lowered demand for new homes. When covid ended, several years worth of people wanted to buy homes all at once with the really low covid interest rates, createing a massive shortage that greatly increased prices as people competed for the limited number of homes. As the shortage lessens, the price increases will slow down and there may even be some price decreases.

The optimism in these comments is cute. You guys need to look up "inventory destruction" and "ghost housing." These companies will sooner destroy housing stock to prop up existing value than let plebs buy it and devalue their assets.

Fingers crossed.

You’ve been peddling that failed prophecy for 5 years.

Just like the people who, ever single month of Biden's presidency, said the next quarter would be a recession

​@@Cole478gametime Pray tell, what are we in now? Would you say we're doing well? Does a dollar buy what you need? :3

@@jamesgizasson I just graduated from college dude. I managed to claw my way through without taking on any debt because I worked for 20 hours per week, the legal max in my state, for $11 an hour. I did internships over the summer for extra money and experience. I got scholarships for my excellent academic performance, for which I worked my butt off. My yearly income was about $20k. It's hard, yeah, but it's possible.

Have fun renting forever,

@@micker9830 I've known I was screwed for decades. Boomers sold our future to china a long time ago

No they didn’t. Did you even listen to his first point?

@@ElearningDigest economist at the time literally said a crash wouldn't happen.

​@@ElearningDigest Yeah they did. I was in the mortgage and finance industry then. BTW the 08 crash was intentional. We were instructed to give anyone a mortgage regardless if they fit the criteria or not. The same administration pushing that then sold mortgages to foreign investors in bundles. No checks and balances. Then boom housing crash.

@@ElearningDigest Wow. The audacity of your ignorance is something else. 😳😳😳😳

@@asparrow9876 All you have are insults? Try harder.

Saving but I need a new Iphone, have to chill out in Vegas, treak across Europe, drink more Henny, smoke my reefer, and complain.

If rates drop, prices will climb higher because money is cheaper to borrow and the pool of buyers will increase. Supply will continue to remain low because new construction isn't happening fast enough. Existing homeowners may consider selling if the rates drop, but not all of them will, and certainly not enough to fill demand. Unless you save a lot of money, home ownership will remain out of reach for many.

Publish a list of EVERY home the own and grab some matches. This could solve this issue overnight. Then go to the homes they live in.

right, and get a fixed rate and you don’t need to worry about your mortgage being increased unless property taxes go up. smarter to buy. we bought a condo 2019, flipped it and made 100k+ profit. bought a house with that for basically land value since it hasn’t been touched in 40 years. gonna do it all over again.

​@mmmonkay that's great that you was able to buy a house and flip it but then it was a good time to buy. If you buy today you cant flip it for a profit because you would be buying at the top of the market and it's only downhill from here as houses are now 90% overpriced. When the bubble pops its going to be epic. Anyone buying today will be left holding the hottest potato.

​@@JB.1234making shit up isnt cute

Your mortage is half your income? Do you have a good emergency fund? You may be one month of unemployment from being forclosed on dude.

@@Cole478gametimeif it’s less than rent, might still be worth it. Failing to pay either will fuck your credit, so might as well take the gamble on the house and pay less anyways…

So then why is my LinkedIn feed full of real people announcing they've been laid off or still struggling in the job hunt ("unemployment numbers" only count people collecting unemployment, it's not a valid reflection of the actual job market).

Yes It's always been better to that

absolutely. maybe even get yourself an rev/trailed to live out of during building. make that house what you want out of it. then you’ll either have tangible equity to sell later, or keep something you’ll love forever.

Yes. Go look up backwoods home magazine. Learn how to build one yourself

If you live alone off of only 50k, I doubt you have the funds to build your own house. Maybe if you live in a low cost of living area, but if you do, it would probably be better to just rent anyways rn. Wait for interest rates to go down. When doing a financial analysis of buying vs renting, it usually isn't until after 20 or so years of living in the same home that buying is the better option.

My dude. If your house increases in value, your property taxes also increase. If you don't like paying property taxes, sell your home and rent.

@@Cole478gametime I don't mind taxes when I know where it's being spent and spent well.

@@Grritz Well then it's a great thing that you can look at your local city's budget and see exactly where the money is going with a google search, isn't it

Most normal divorced dad

​@@Grritzwould you rather have your house decrease in value so you pay less taxes?

If you hate it that much maybe it's time to consider moving to an alternate country.

@@covercalls88too bad this country charges to even leave it. This “country” is a money sink hell hole

You can maintain your citizenship and live in Puerto Rico

​@@TheSecretPassword Wouldn't want to incite all the livestock to run away.

@@TheSecretPassword That's why ci'ti''zen'shiip RE''N''OUN'CE''MEN'T numbers are through the roof.

Most people are incapable of understanding that what they call money is no such thing

there'd be a lot of homeless people then. They already can't afford to own if they can't afford to rent either then you will see a homeless epidemic

@@mrbubbles188 The last thing they want is the MAJORITY of people out in the streets.....

@@mrbubbles188 That's how revolt happens.... That's how revolutions start......

@@asparrow9876 that's the last thing coprorations and the government want but they definitely want to tow that line as close as they're able to get away with

@@mrbubbles188 Agreed. It's the last thing they want but funnily enough, it's the one thing they're accelerating and almost begging for.

Same bud, the year and the interest rate and I also couldn't afford my own house today. Thank God I don't have to pay property taxes. Literally the only reasons my family is making it thru this inflationary hell. My homeowners insurance sure shot up tho! We will never move, we are very happy with our home and I hope it stays that way because I'm pretty sure we are gonna have to die here.

I bought in 2018 with the VA loan, refinanced in 2021 to 2.25% with an IRRRL. 5 years of active duty in the Marine Corps and 10 years of working like a slave in the civilian world and I barely have anything to show for it. 6 years of owning a house after lucking out and buying at a good time and I have a six figure net worth in equity. What a world

I showed that to my husband and he still won't do it 😭

@@cateatfood6634 omg same, the logical leaders won't listen. We can do it easily too, but he won't listen either.

This.

So pay double every month?

@@vanillagorilla6990 no. You just make 1/2 the payment every 2 weeks. So instead of paying down the principal 1ce a month it does it twice a month. The effect over time will shave off 5-7 years off your mortgage. Also try and add a hundred dollars or so the each payment and it will go even faster. Your older self will thank you. Just google it and you’ll find a calculator. Your mortgage company should also offer a calculator to estimate this.

And let’s not forget the increase in property taxes and insurance.

Commercial REIT price-to-book is above last year's low. People putting their money where their mouth are thinking the worst is over.

It’s going to crash. Banks have unrealized losses they’re sitting on in real estate. Inflation is killing everything. The dollar is destroying home values and when it flips people will be upside down. Banking and housing are going to crash. Ignore warnings all you want but remember this and realize you should’ve listened.

If you cannot find a job with at 4% or less unemployment rate, you ain't looking...

My jobs CANNOT find enough people to fill them! Start pay is ~$15/hr.

@@idamcneill8005 Sure. Basic jobs at basic rates that can't afford anything. Those jobs are plentiful. Real jobs are not.

@@hermanwooster8944 Those are real jobs that pay real money you can use to buy things. The world needs janitors and burger flippers to function. If you don't have the qualification to get a high paying job that requires a difficult degree that is a skill issue. Engineering degrees pay ~70k per year fresh out of college. Lots of people at my school switched out of engineering cause they wanted to be irresponsible and party all the time. They're the ones who are hurting now, and it is a skill issue.

@idamcneill8005 15 an hr won't buy a house.... to buy a house you need around 35 an hour. So you're paying people minimum wage. And can't find people. SHOCKING

Either way this country is fucked. The government doesn’t care about us.

Companies like Black Rock are buying all the houses they can afford to have them empty and they don't care about you wake up

You’ve been saying that for 7 years and you’ve been wrong for 7 years.

@@ElearningDigest nope not me. I bought a house in 2010 and 2012 the lowest point in the market. Housing cycles take 14-20 years do the math. The top was 2022-ish.

​@@Grant_Arnettthe government isn't supposed to care about you. The government is supposed to be limited in the only thing it is supposed to do is uphold your rights instead of taking them. Problem is you don't know your own rights

This is my energy as well!

Things nobody has the stones to do.

Prepare yourself mentally to do what is required, when the time comes........ Build up your resolve.....

Tree of liberty brothers

Buy Bitcoin

you’re delusional

In the vast majority of places, rent is cheaper than buying a home rn. Everything is at a high interest rate because the money supply was reduced to fight inflation.