LIMITED TIME, get SkillShare for FREE: https://skl.sh/techlead10232 Learn entrepreneurship, finance, productivity, real estate. Get 30 days FREE PLUS 40% off your first year, it's one of the very best offers ever!
@mrearlygold Says:
Preszented by a renter. LOL
@NicholasBall130 Says:
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.
@kq1965 Says:
the elephant u missed is the amount of money the US govt keep printing. Higher prices may not mean 1 is really richer, just nominally
@scottwilliams6122 Says:
Been in the mortgage industry for over 28 years. The big hole in the information this individual used is that he is referring to California!!! Duh?? Cali always has a crash because of local policies etc... Michigan and California or 2 states that I know of that have the Tax assessed value based on what you bought the property for?? That is nuts and the problem. Check out Washington or Idaho. Your tax assessed value goes up you pay more in property taxes. You buy a house for 50k in 1990 and now it is worth 390k , then you pay taxes on the 390k not the 50k. Not to mention what a hell of an investment. You go on and pay rent which is at an interest rate of 100%. I have invested in land and homes for 30 years and those investments have turned into almost 2 million in profit. When it comes to land and housing you really need to step aside. We have an inventory problem my friend, so if what you say does happen then awesome, because we need the inventory to stop the pricing pressure. This will all level out as inventory comes back on, but if inventory comes and rates drop to fast then hold on to your hats. And always remember this that realestate is location, location, location. Every micro market is different.
@notnotandrew Says:
"We'll find a way to deal with the higher interest rates. 8%? Fine. We'll pay all cash or whatever." Yeah, because to buy a starter home, I'll gladly just fork over the hundreds of thousands of dollars in cash that I have laying around gathering dust. /s
@johnclark4489 Says:
why is this fraudster not in jail
@noelgillett346 Says:
blah blah blah, the culture of financial analysis is bad news. rational incoherence with the discussion rambling nonsensically, it's horrible.
@KarenLavia Says:
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.
@stevo728822 Says:
Interesting. I have a property with a lounge but I don't use it as a lounge. I've no compulsion to sit in front of a TV for hours at a time.
@bedandbreakfastfan7088 Says:
I used to think TL was disingenuous but this video makes a lot of sense. I've been stuck on the sidelines for years waiting for affordability to return. Now I'm not sure home ownership even makes sense.
@rahuldwivedi4758 Says:
4:07: Well that denial goes both ways. 😅 The denial to accept the fact that the prices might never come down
@jessemessy990 Says:
Learn more from you than to a real state influencers.
@nonnoyobisnis8705 Says:
So Klaus is right?
@lluhu Says:
The problem I see is that economical differences between wealthy and poor have grown in the last decades. That is what makes a wealthy country become a third-world country.
In addition we are in the era of mass-speculation and everybody with a bit of cash wants to be part of the feast and make a profit. So instead of building social housing, investors create luxury housing for the very wealthy (for example for Big Tech employees). As, thanks to the internet, everything is now connected. Those luxury properties inmediately raise the prices of the neighboring ones even if those are old and ugly. So yes, it is all inflated. The question is, will it burst? And if so, what will be the consequences?
@edhahaz Says:
Renting the home from the government
@April0712 Says:
This could be one more reason that someone wants to import more of the illegals.
@user-ew6qp6sk6o Says:
Stay away ! the reality is the living expenses are skyrocketing ! people are struggling to survive. This is manipulation no one is buying. Most of the houses are listed as pending or under contract but after 2 or 3 months it’s back to the market 🤔 remember most of the houses are owned by big corporations like open houses, Zillow etc so they can do everything they can to keep the overpriced. Of course They have a power “ lobbyists “ just pray to have a government who cares for working families not for corporations 😢😂😢😂😢😂🛑🤔🛑🙅🏼♂️🛑🙅🏼♂️🛑🙅🏼♂️🛑🙅🏼♂️🛑🙅🏼♂️🛑
@Raymondjohn2 Says:
Back in the day, when I purchased my first home to live-in; that was Miami 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.
@JannyLuits Says:
Back in the day, when I purchased my first home to live-in; that was Miami 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.
@wajikay Says:
Renting apartments is a nightmare. Having to deal with absolutely shitty neighbors, the quality of apartments slowly get worse overtime as many properties hardly do any necessary up keep, and worse of all, the property management team themselves which lack service skills, competency and have high turnover (also a lot of teams now I’ve seen work remotely and not even on premises in the same city or state). I don’t see renting apartments as the future. The privacy alone from being in a home is priceless. Maybe we’ll see more rentering or maybe even rent to own a home as the future but I really don’t see homes themselves going away ever. People live privacy and moreso the ability to customize and add to their property without needing to have a landlord or property manager involved.
@garyzies3486 Says:
The "Klaus Schwab plan" in in full swing. You'll own nothing and be happy ;-)
@corvus400 Says:
The truth is not many at all can afford own a house anymore. Say thank you to the communists/socialist party that took over by force, implementing Proposition 19. Prepare to own nothing and be slave to taxes for the rest of your life or stand up for your rights.
@ma1375 Says:
Its not worth the effort of shaving shting or going to work for what you get. In this clownshows final days.
Haha. The prices. Haha. I just laugh and turn it off. I cant even sell the new cars or houses. The prices are just like ridiculous. I cant wont sell it to anyone or recommend they buy anything at this point. #alexjones #elonmusk #joerogan #timpool #russellbrand #realtors #realestate #autodealers #carmax
@swedichboy1000 Says:
You ought to think that having a roof over your head is a human right at this point.
@anthonypetrozzelli5429 Says:
Excellent video! As a 66 year old man, I have seen real estate markets change dramatically. I agree that the young generation may rather rent a new luxury apartment or condo with all the bells and whistles rather than owning and maintaining a million dollar shack that needs a lot of maintenance.
@lawerencemiller9720 Says:
This happened with the 2004 housing boom - home prices were greatly inflated, meaning people couldn't sell later because they owed more on the house than they could sell for. I know quite a few people who bought then, thinking they were making a good investment to sell later, but it's taken until the COVID housing boom for the prices to come back to those original amounts.
@craigdouglas9979 Says:
You are right on most of it. Interest rates are not historically high. Over a 50 year period they are average.
@travelwithme2111 Says:
Where you been man? Feel like you’ve been away a while. Nice video thanks
@marysakawa4628 Says:
Sometime it best to invest in your future, for you not to depend on the government, start investing now or regret it later.
@davidhopper7295 Says:
So many points are applicable only to blue cities and states where everyone is regulated into a box but life is free for the marginalized. Nyc cracking down on Airbnb is Marxist stalinism. 65k migrants are consuming the hotel rooms and so Airbnbs are doing very well. In come the Marxist elite a$$holes to try to negate the unintended consequences of their stupid policies by regulation. It takes over a year to get an unpaying tenant out of an apartment in NYS. So bnb is the way to go. The tenant will have a credit card and is likely to have money if sued. The tenant won't have a lease.
@davidhopper7295 Says:
We all invested in the stock market instead of houses. Blackstone investment in rental housing is the next best thing since open borders. A way to artificially drive up housing costs on non-owners 😊 such that owners ben
@sulinkuo1476 Says:
OMG bro, you are genius. A true visionary shout out from Taiwan ^ ^
@oukastoukast Says:
Are you in Canada or USA?
@grumpyschnauzer Says:
No thank you. I'm not interested in renting and living in a coffin box like some people do in other countries that messed up their markets and economies.
@grumpyschnauzer Says:
High interest rates didn't freeze the LA market (the average across 100 years has always hovered around 6%). It's the prices doubling in just the last 5-10 years that has frozen the market. Anyone will tell you paying 3x the value of a house in the ghetto just because it has cheap new flooring and ugly gray paint is not worth it.
I purchased a condo after the 2008 recession for around $329k and when I went to sell in 2016 Chinese investors (located in China) were pining for it. I sold it to one (mistakenly) for $150k more than what it was bought for. Today that same condo is valued at double the price. This is highway robbery that our government is letting foreign investors make money off our land and homes.
Not to mention I am seeing owners increasing their list price by 20-30k even after sitting on the market for months. Explain this! There's some shady real estate practices going on in the LA market with all these private real estate brokerages and investors looking to flip.
@elonmusk8667 Says:
No one knows whats going to happen except Jesus Christ.
@GoofyGoober3792 Says:
Today 29 december 2023 VNQ rose by $20 is $89 worth. So not sure about the crash
@justinmcdaniel9277 Says:
Your attempt to brainwash people into “choosing” not to own homes is ridiculously cringeworthy. Showing images of outdated homes and pretending everything that’s not a high end apartment is somehow dated and ugly is a very juvenile tactic. I’ve been a real estate investor for 10 years. I’ll have $25M in real estate assets completely paid off by the time I’m 55 yet I’d be better off as a renter? Why because of “amenities” like a gym and a stupid waterfall in the lobby? 😂 what are people supposed to do rent their whole lives? Be a slave and never stop working so you can afford the rent? What’s the exit plan as a renter? Surfdome? 😂
My tenants pay my mortgages and when my homes are paid off, the idiots that listened to you will be paying me 3x what my current tenants are paying and I’ll only have property taxes and utilities to pay so my cash flow will be astronomical. People need to stop listening to the “own nothing and be happy” narrative because it’s just a ploy to brainwash you into stupid financial decisions.
@Terrathrax Says:
As soon as a channel has a title "It's Over", or "Collapse" , I immediately thumb it down.
@maximillianosancheziii1512 Says:
Praise YAHWEH ALMIGHTY for guiding me to pay cash for my acre and my living quarters, off the grid, propane, solar power and water tanks. O had no idea what was coming like the enemy who stole the election and government from We The People and destroying these United States with homelessness beyond belief and rent/house payments going through the roof! WHEW, He was looking out for me above and beyond my own understanding! Praise YAHWEH ALMIGHTY in YESHUA CHRIST'S holy and powerful name.
@estebanmeza9645 Says:
but don't people buy houses to rent them??
@metalslug97 Says:
At 6:21, am I seeing that right? Some people are paying literally upwards of +$60k in property taxes? These are probably apartments or mcmansions, right? Otherwise, that'd be ludicrous. I recently got a home here in the Midwest and have to pay $6k, which is already a lot for me.
@skytombs253 Says:
I disagree about renting vs home ownership simply because the cost they are asking to rent these units are by and large grossly inflated. It's un sustainable. It's cheaper to homestead.
@Jason-sk4zc Says:
whats a bubble in the housing market?
@nickyricardo7034 Says:
What is a housing bubble??
@jyo5764 Says:
Housing market will never collapse first than stock market history will repeat over and over
@josephspurgis7782 Says:
Wow capitilism commoditizing housing is a bad? Weird never would have thought that
@staceylam762 Says:
My property tax goes up every year! 911 sq ft for $8,500 per year 😢
@awhitness Says:
Land will always be a great investment long term (10+ years) But the dollar is a sinking ship.
LATEST COMMENTS