You do realize private equity buying homes is only the symptom of the larger issue of zoning and red tape blocking newer and cheaper homes to be built. Once supply goes up private equity will be the first forced out of the market
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.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
consider moving your money from the housing market to financial markets or gold due to high mortgage rates and tough guidelines. Home prices may need to drop significantly before things stabilize. Seeking advice from a financial advisor who understands the market could be helpful in making the right decisions.
“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..
I just googled her and I'm really impressed with her credentials; I reached out to her since l need all the assistance l can get. I just scheduled a caII.
The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people-at least in California, where I currently reside-are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!
It’s getting wild by the day. The prices of homes are quite ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%). Sometimes i wonder if to just invest my spare cash into the stock market and wait for a housing crash or just go ahead to buy a home anyways.
I get such worries too. I'm 50 and retiring early. Already worried of the future and where its headed, especially in terms of finances and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?
For you to grow your portfolio in today's market, you really need to be coachable and willing to get off your high horses. I for example, have managed to grow mine from $150k to 300% of my initial deposit within the past 13 months just by copying trades from a broker that has better skillset and technical know-how than me.
They’re building million dollar homes in my area that are sitting empty. Also luxury apartments that no one can afford🙄It’s out of control corporate greed.
Affordable that's the key. If the average everyday American cannot afford this( I'm not talking about IT workers who make 500,000 a year that's not average, no matter what the US says)....... I'm talking about every day workers cannot afford this house, it is not affordable
This is what happens when corporations buy up houses and start renting at unreasonable prices for basic human rights. An apartment complex is an open air prison in which you’re free to come and go. The chains are the rent.
All according to plan.. The ownerclass wants us having no equity, working multiple jobs to scrape by and never retiring. This country is going down the tubes.
Investors caused the problem. All forms of investors. Wall Street, Real Estate Investment Trusts, Private Equity, Real Estate Investment Corporations, Airbnb, foreign investors, Real Estate Flippers, Small investors and other investors buying up all the single family properties.
That dream is very much shattered here in Australia too. But the Kingdom Building housing sounds amazing...Pray that they expand in America and globally, may the zoning laws be amended 🙏🙏🙏❤️🔥
Respectfully, I must disagree with this reporting. The true issue is GREED. Having been in the industry processing mortgages prior to the bust, I warned that it was going to happen because of the banks' practices. Afterward, many found ways to grab homes that were in or near default, not selling but renting the homes. Thus, seeing the dollars that could be made, the homes were rented at a continued increased price. Now, with large corporations becoming the landlord, it's almost a no-win for moderate income earners, such as educators, to purchase a forever home. Again, this is basically GREED. Purchasing a home has a tremendous effect on the economy with the buyer purchasing furnishings, appliances, yard services, etc. Also, children are more stable in so many ways having their own home.
I agree with both. And Deborah, greed goes both ways. Don’t forget about the individuals who will complain but never make the sacrifices necessary to put themselves in the position to attain homeownership. As an example, I can’t even remember the last time I went to a restaurant for food..
Are you suggesting that people didn’t use to be greedy, so prices were affordable and now, all of a sudden, people have become greedy? Jesus, just build more housing and prices will fall. That’s how markets work. It isn’t magic.
I am a Blind senior citizen, it took me four years to get on the subsidize housing lift, four town, where I live now called Lake Placid, Florida. It’s a somewhat small town in Florida. Otherwise I’d be sleeping on the streets, or living with family members. Because I make a whole whopping $1000 a month on disability, and I still have to pay for my electric, my water, that is not included in subsidize housing where I live. There is nowhere you can rent anything now for under $1000 a month.
The root of the problem is human greed and selfishness, this then creates higher poverty rates which in turn will create more crime in the rich people’s neighborhoods, and thus a cycle of abuse and misery is created with the rich preying on the poor and the poor preying on each other and on the rich (by committing crimes). This is the sad end of uncontrolled greed and selfishness from all segments of society. We also see a rising number of criminals with no impulse control, who are just randomly attacking people (especially those weaker than them, women, children, and the elderly). Pray that the world (rich and poor) repents and returns to the God of the Bible. Psalm 33:12
The house down the road from me in the ghetto on 1/8th of an acre just got listed for $400,000 in Ohio... I know there's no reference but believe be when I say that is crazy. There are shootings on that road WEEKLY. Sure it's been completely remodeled inside by flippers, but I mean come on.
Redlining, racist zoning laws and communities that fight to prevent apartment buildings and we end up here. It’s why Chinatown is a thing, the ghetto, the suburbs. Housing is for everyone but depending on your racist and economic status people don’t want you housed in their neighborhood.
heh. Immigration increases spending and boosts the economy. The problem is poor zoning laws. New land is being leased to large corporates in large sizes 1-2 acres for 4-5 bedrooms. Need small 0.1 acre plots with 2 bed 2 baths
The reason for the shortage in new houses is illegal immigration. I used to be in residential construction and I was squeezed out of business by illegal immigrants that don't pay taxes and worked for pennies on the dollar. A law abiding ethical person cannot compete with that. Now the illegals have the entire residential commercial industry but as many of them as there are it is still not enough to replace all the Americans that used to be in construction. Also private equity has made a practice of buying up houses and either flipping them or renting houses out taking them off the market. In both cases it is the failure of our government to protect its citizens against these kinds of practices that should be illegal.
How about do your research on BLACKROCK and VANGUARD Company? They are 10 Trillion Dollars Corporations that control the WHOLE WORLD. They owe huge chunk of stakes from other corporations such as Apple, Microsoft, IBM, Amazon, Banks, Etc... They are buying out houses for 400k and fix them to flip them for 800k. They sell and rent driving prices through the roof to create an UNLIMITED Supply of workers aka forever workers. You are just a number. Every corporations see it like that now too. The RICH Control your life and The USA need to reform a new party for The American Citizens because they also control the government. They sleep with each other making unlimited amount of babies which is you "The worker"
@@BunnyMan-ec4xg10+ million illegal doesn’t affect the market? Corporations own property and rent them out to illegals who can afford it because they get government assistance
Yeah but also too many Americans overconsume and live beyond their means. You shouldn't even think about getting a house until you're completely out of debt first. People need to get comfortable with the fact that they may not get their first home until later. And that's OKAY. Delayed gratification.
I'm sorry, but no. The house I bought in 2021 was worth 250k at 2.6% interest. Fast forward to today and it is now worth 360k at 7% interest! Do the math. Same exact house. Buy in 2021 we're paying $1,450 monthly mortgage. 2024 we'd be looking at $2,400. An extra $950 per month!!! That's not our fault!! That's the destruction of the housing market by dems!
Even if they are out of debt they don’t have the income to afford the house. Yes it helps if they have zero debt but income is the reason along with interest rates making it out of reach. It’s ridiculous. It’s not just the persons choices involved.
@@CashMoneyKC1 oh don't get me started on income. Too many people pick useless degrees. There's a reason why so much of our highly skilled labor comes from abroad. Our people aren't putting in the work.
I'm planning to buy properties cheaply during a potential housing crisis when I sell a few houses in 2025, but as a backup, I've been thinking about purchasing stocks; however, I've read about trading earnings exceeding $500k each week while also hearing that the market is out of control and experiencing a dead cat bounce-what advice do you have for timing the best buying opportunities, and why does this discrepancy in market conditions exist?
You’re not doing anything wrong; you simply lack the expertise necessary to make money in bad market. In this difficult circumstances, only really skilled experts who witnessed the 2008 financial crisis can expect to generate a large rate.
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.
My CFA, Desiree Ruth Hoffman, is a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you for this tip. I must say, Desiree appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
Look at how large new construction homes are. We need "starter" homes like what my wife and I did on our 1st home which was just a basic 2 bedroom home 800 sq ft and then moved up a few years later as our family and income grew. I think that guy with Boxabl is onto something.
This issue began in 2008 by corporate greed. Look up 10 Trillions Dollars Company BLACKROCK and VANGUARD. YES TRILLION DOLLARS CORPORATIONS who owns APPLE, MICROSOFT, AMAZON, BANKS and more who is buying out houses to create unlimited amount of workers. They own the Government Republicans and Democrats. USA NEEDS TO REFORM a NEW Government. People need to wake up
And they about to vote for Kamala again when she hasn't done anything to help Americans instead everything for them illegal immigrants they letting into our country 🤦💯💯💯
Why so many high end houses being built? Because there are so many with the wealth to buy them, the same wealthy people who want the government to give money to immigrants who come here illegally, but they live in high end housing. Builders should be given mandates with their building permits to build affordable housing and not just for immigrants, but for the rest of us lifelong Americans who have worked and paid taxes ALL OUR LIVES AND STILL CAN'T AFFORD A HOME!!!!!!!
Greed in the housing has destroyed affordability. Imagine how many houses would be available without Airbnb. Corporations doing mass buying,even foreign buyers own a huge portion of our homes! All for profit !!! The government will not do much because it artificially holds the economy up for now ! If they give down payment incentives, the prices go up ! We need mass building with only live-in owners allowed . They spend more locally fixing up their homes . Investors, it all goes out of our communities, even out of the country!
I have been a CBN patrner for 40 years. I am homeless due to my Social Security check of $735.00. The new normal is the possibility of renting a Home Depot garden shed!👀🙏🙏🙏
No the solution would be to ban all forms of investors from the single family residence Market which they should have never been in in the first place.
In 2023, the US housing supply grew by 1.4 million single family homes and 440,000 apartments, roughly 40% of which were designated as affordable. We're making progress, it's just going to take time.
Except it wont. People in power all own homes, and if they increase supply that reduces demand which reduces the values of THEIR OWN HOMES which to them are an investment. And under no circumstances would they even legislate against their own interests.
Counties should change the laws so people can camp on their own land. This alone would make a huge difference. They could qualify for help with septic and well. Otherwise, if they are in a tent so be it
Part of the rise is housing cost is simply the new houses are getting bigger. A factor that can improve the trend is simply have a property tax structure that uses the house size, footprint, and property size to calculate the tax. Market equilibrium over time will improve the cost factor. As buyers will choose more efficient sized homes. Less materials, lower cost. A smaller footprint will also reduce energy costs.
From what I can see affordable housing means, people from the suburbs are moving back into the larger cities which is forcing people who lived in low income housing back into the suburbs and those towns don’t have enough housing to accommodate the demand and the suburban towns don’t want to build larger “projects” to accommodate the changes.
Those 9 million are mostly headed to New York. So using them as an excuse isn’t adding up. The truth is corporate greed is causing housing to be unaffordable.
To be clear, she didn't say she couldn't pay her rent, but that it was more of a burden now that she we going to school full time and living off savings.
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.
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!
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.
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?
Jessica Lee Horst 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..
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.
the news host makes a correct observation that high density & zoning changes are not necessarily the answer because localities are then burdened with much higher policing, schooling, and utilities costs- costs for which they don't have the needed higher resources.
Newer housing developments in Florida are built 10' apart & on low lying wetlands. All homes the last 20+ years were not built higher & the end result is going to be more potential flooing of all homes in the area.
all newly built apartment buildings here in naples are luxury apartments with small one bdrm start from $2000. its a dire dire situation. funny is the buildings are half empty but still not budging on price
Isn’t this what we all anticipated would happen once we uncoupled housing from standard economic pressures with mortgage and property tax credits to homeowners in the 1990s? I saw it happening during high school, which is why I started buying housing in 2001, a few years after I graduated college. The market got a little too excited in the early 2000s, which led to a housing bust, but the dynamics remain the same.
My landlord is jacking up my already high rent $250 and now I’m forced to move from the home I’ve been in for 10 years. I can’t believe at the age of 35 I’m being forced out of a one bedroom apartment. Sad situation were in.
You have not addressed the real problem... our government needs to get Vanguard, State Street, and Black Roc out of the housing market, next and just as important...Tax The Churches
We don’t have housing crisis if you stop the border. They need to apply to come in here. It’s like strangers living in your house. Your household cannot sustain it.
We as citizens must push Kamala to campaign on pushing forward the YIMBY act. She's not pushing that message of her campaign strong enough. It's bipartisan and can really make a difference.
Why have someone in the video who is over 55 talk about housing cost and rent when they have returned back to college and only driving Uber? I mean was she accustomed to living somewhere for free. Also, part of the problem with housing is 60% of the families today are single parent households and the majority can not afford to purchase homes alone.
Instead of providing billions of dollars in foreign aid to countries like Ukraine and Israel, our government could have allocated those funds to address the domestic issues like unemployment and homelessness . Those billions could have used to support the Americans.
With copytrading, you could be sipping coffee on a balcony overlooking a bustling city skyline or lounging on a pristine beach, all while your investments work for you. Picture the freedom to pursue your passions, travel the world, and create lasting memories with your loved ones, all because you took the initiative to harness the power of copytrading and build the life you've always dreamed of.
I'm celebrating a $60k 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 just one of the things copy tradee can do.
Can't share much here, I take guidance from ‘Sophia E Haney’ a renowned figure in her industry with over two decades of work experience. I'd suggest you research her further on the web.
Lord God have mercy on our country. Give us wisdom in how we live and how we vote! Forgive our land and help us humble ourselves, as a country, seek Your face, and turn from our wicked ways so that times of refreshing may come, in Jesus name. 🙏🏻 For all those seeking and praying for a home, Lord please provide, in Jesus name. ❤🙏🏻
I raised rents and installed coin operated washer and dryers. Charge for off street parking and storage space. Only month to month. Yeeeee HAAAAAW.. what a country.
8,000 people out of the 9,000 watching this, actually believe this stuff and if your in the top 250-500 people you know that things are going to actually get better in some ways on this topic in 2025,2026,2027
that would be artificial. Price control is artificial too. It is a classic bubble. Just slower. once the bubble pops, you will see investors selling at loss.
Housing prices likely won’t drop significantly until supply increases. The U.S. is short millions of housing units and isn’t building fast enough. Demand remains high, and even a small dip in prices attracts many buyers. I’m looking to buy affordable houses in 2024 and maybe invest in stocks. When’s the best time to invest in stocks? Some say it’s profitable, but others warn it’s risky. Any advice?
Consider buying stocks when the economy is not doing well, like during a recession. It could be a chance to buy them at a lower price and sell later when prices go up. Just keep in mind, this isn't financial advice, but sometimes it's better than keeping a lot of cash.
Having an investment advisor is the best way to go about the stock market right now. I used to depend on RUclips videos but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Jessica Lee Horst’ ” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
@@JayZ-to6up To be fair, the democrats are the reason we're in this position. Raising mandatory taxes, out of control gov spending/raising debt limit and big bank bail outs are the dems ideas.
For what, for Trump to give those corporations more tax breaks and incentives to buy more homes and take them off the market. That's what Republicans do the best.
Big corporations should be banned to buy houses..
...
A real problem is they are only building houses at an average cost of $400000.
They are buying and then renting affordable homes to the immigrants, causing a shortage to the citizens to buy
Exactly
You do realize private equity buying homes is only the symptom of the larger issue of zoning and red tape blocking newer and cheaper homes to be built. Once supply goes up private equity will be the first forced out of the market
Trump put a law in said they can do that so
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.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
consider moving your money from the housing market to financial markets or gold due to high mortgage rates and tough guidelines. Home prices may need to drop significantly before things stabilize. Seeking advice from a financial advisor who understands the market could be helpful in making the right decisions.
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
“Carol Vivian Constable” 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..
I just googled her and I'm really impressed with her credentials; I reached out to her since l need all the assistance l can get. I just scheduled a caII.
The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people-at least in California, where I currently reside-are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!
It’s getting wild by the day. The prices of homes are quite ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%). Sometimes i wonder if to just invest my spare cash into the stock market and wait for a housing crash or just go ahead to buy a home anyways.
I get such worries too. I'm 50 and retiring early. Already worried of the future and where its headed, especially in terms of finances and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?
For you to grow your portfolio in today's market, you really need to be coachable and willing to get off your high horses. I for example, have managed to grow mine from $150k to 300% of my initial deposit within the past 13 months just by copying trades from a broker that has better skillset and technical know-how than me.
Who is this person you are talking about that you work with?
Her name is “Jessica Lee Horst” can't divulge much. Most likely, the internet should have her basic info, you can research if you like.
They’re building million dollar homes in my area that are sitting empty. Also luxury apartments that no one can afford🙄It’s out of control corporate greed.
Affordable that's the key. If the average everyday American cannot afford this( I'm not talking about IT workers who make 500,000 a year that's not average, no matter what the US says)....... I'm talking about every day workers cannot afford this house, it is not affordable
This is what happens when corporations buy up houses and start renting at unreasonable prices for basic human rights. An apartment complex is an open air prison in which you’re free to come and go. The chains are the rent.
This right here👆👌
Part of the problem is the way things are built . Too many homes of unnecessary sizes on post card lots.
It's what happens when thousands of people are flooding the country, and the government is spending money like a teenager.
Is not just corporations it’s monopoly effect thou.
There are plenty of houses for sale. People just can't afford $400000 and a 3000 a month mortgage.
There should be a ban on corporations buying up houses, driving up home prices to near 7-figures.
Not just corporations but small-time investors too. They make up a large portion of the homes they own.
And the mainstream media has told me that inflation was a good and transitory.
It was 6 million immigrants per government statistics.Also let's talk about corporations buying up housing and renting them out
All according to plan.. The ownerclass wants us having no equity, working multiple jobs to scrape by and never retiring. This country is going down the tubes.
It went down the tubes about 6 to 8 years ago
@@tiwanakuMoron
We weren't low income until 5 years ago
Really, noone except those living off CREDIT CARD can afford $600,000 for a house. Thus why renters are having difficult finding AFFORDABLE HOUSING 😢
Everything is luxury apartments and houses, even in small rural towns, where the yearly salary is 20k
Investors caused the problem. All forms of investors. Wall Street, Real Estate Investment Trusts, Private Equity, Real Estate Investment Corporations, Airbnb, foreign investors, Real Estate Flippers, Small investors and other investors buying up all the single family properties.
That dream is very much shattered here in Australia too.
But the Kingdom Building housing sounds amazing...Pray that they expand in America and globally, may the zoning laws be amended 🙏🙏🙏❤️🔥
Respectfully, I must disagree with this reporting. The true issue is GREED. Having been in the industry processing mortgages prior to the bust, I warned that it was going to happen because of the banks' practices. Afterward, many found ways to grab homes that were in or near default, not selling but renting the homes. Thus, seeing the dollars that could be made, the homes were rented at a continued increased price. Now, with large corporations becoming the landlord, it's almost a no-win for moderate income earners, such as educators, to purchase a forever home. Again, this is basically GREED. Purchasing a home has a tremendous effect on the economy with the buyer purchasing furnishings, appliances, yard services, etc. Also, children are more stable in so many ways having their own home.
I agree with both. And Deborah, greed goes both ways. Don’t forget about the individuals who will complain but never make the sacrifices necessary to put themselves in the position to attain homeownership.
As an example, I can’t even remember the last time I went to a restaurant for food..
Are you suggesting that people didn’t use to be greedy, so prices were affordable and now, all of a sudden, people have become greedy? Jesus, just build more housing and prices will fall. That’s how markets work. It isn’t magic.
Property tax is the main problem that no one knows it until you have to pay for it.
I am a Blind senior citizen, it took me four years to get on the subsidize housing lift, four town, where I live now called Lake Placid, Florida. It’s a somewhat small town in Florida. Otherwise I’d be sleeping on the streets, or living with family members. Because I make a whole whopping $1000 a month on disability, and I still have to pay for my electric, my water, that is not included in subsidize housing where I live. There is nowhere you can rent anything now for under $1000 a month.
That is just disgusting. So now our disabled and Seniors are supposed to become homeless?
The root of the problem is human greed and selfishness, this then creates higher poverty rates which in turn will create more crime in the rich people’s neighborhoods, and thus a cycle of abuse and misery is created with the rich preying on the poor and the poor preying on each other and on the rich (by committing crimes). This is the sad end of uncontrolled greed and selfishness from all segments of society. We also see a rising number of criminals with no impulse control, who are just randomly attacking people (especially those weaker than them, women, children, and the elderly). Pray that the world (rich and poor) repents and returns to the God of the Bible. Psalm 33:12
Wake up buddy, your god won't help you. Religion is to keep you poor and work for the Rich
The ultimate root of the problem is just sin. And the government. Always the government.
The sin is greed and the only thing that can protect us is the government
Governments not the problem greedy investors are.
@@JayZ-to6upwhen local government allows NIMBY to dictate them it’s a problem
The house down the road from me in the ghetto on 1/8th of an acre just got listed for $400,000 in Ohio... I know there's no reference but believe be when I say that is crazy. There are shootings on that road WEEKLY. Sure it's been completely remodeled inside by flippers, but I mean come on.
Redlining, racist zoning laws and communities that fight to prevent apartment buildings and we end up here. It’s why Chinatown is a thing, the ghetto, the suburbs. Housing is for everyone but depending on your racist and economic status people don’t want you housed in their neighborhood.
Never forget they did this to you Americans
My family will huddle together
We can all live together and the kids inherit the house
High rent shove it up your aces !
10 million new illegal immigrants will tend to cause housing shortages, just saying...add really bad 40 year high inflation and interest rates...
heh. Immigration increases spending and boosts the economy. The problem is poor zoning laws. New land is being leased to large corporates in large sizes 1-2 acres for 4-5 bedrooms. Need small 0.1 acre plots with 2 bed 2 baths
I'm sorry they can afford $600k houses and u can't.
Tell me how illegal immigrants are affording a 1/2 a million dollar house.
No bank is going to give illegal a loan unless Harris gets elected.
@@BunnyMan-ec4xgin ca, they were going to give immigrants $150k towards a down payment on a home. This would’ve been for immigrants only.
The reason for the shortage in new houses is illegal immigration. I used to be in residential construction and I was squeezed out of business by illegal immigrants that don't pay taxes and worked for pennies on the dollar. A law abiding ethical person cannot compete with that. Now the illegals have the entire residential commercial industry but as many of them as there are it is still not enough to replace all the Americans that used to be in construction. Also private equity has made a practice of buying up houses and either flipping them or renting houses out taking them off the market. In both cases it is the failure of our government to protect its citizens against these kinds of practices that should be illegal.
So the corporations that own over a third of houses that they then rent back to people for a jacked up rate has no effect?
I don’t think illegals can afford a half mil house or 3 grand rent look else where for the reason
What shortage new construction continues and many houses for sale all over California . Also see many other states housed for sale all the time .
How about do your research on BLACKROCK and VANGUARD Company? They are 10 Trillion Dollars Corporations that control the WHOLE WORLD. They owe huge chunk of stakes from other corporations such as Apple, Microsoft, IBM, Amazon, Banks, Etc... They are buying out houses for 400k and fix them to flip them for 800k. They sell and rent driving prices through the roof to create an UNLIMITED Supply of workers aka forever workers. You are just a number. Every corporations see it like that now too. The RICH Control your life and The USA need to reform a new party for The American Citizens because they also control the government. They sleep with each other making unlimited amount of babies which is you "The worker"
@@BunnyMan-ec4xg10+ million illegal doesn’t affect the market? Corporations own property and rent them out to illegals who can afford it because they get government assistance
After fixed costs-most Americans are low income earners
Yeah but also too many Americans overconsume and live beyond their means. You shouldn't even think about getting a house until you're completely out of debt first. People need to get comfortable with the fact that they may not get their first home until later. And that's OKAY. Delayed gratification.
Yep. I just bought my first home (paid cash) for my 62nd birthday. It took time.
I'm sorry, but no. The house I bought in 2021 was worth 250k at 2.6% interest. Fast forward to today and it is now worth 360k at 7% interest! Do the math. Same exact house. Buy in 2021 we're paying $1,450 monthly mortgage. 2024 we'd be looking at $2,400. An extra $950 per month!!! That's not our fault!! That's the destruction of the housing market by dems!
@@Karoke77Good for you, but younger folks in their 20s and 30s don't have the average 300k+ laying around.
Even if they are out of debt they don’t have the income to afford the house. Yes it helps if they have zero debt but income is the reason along with interest rates making it out of reach. It’s ridiculous. It’s not just the persons choices involved.
@@CashMoneyKC1 oh don't get me started on income. Too many people pick useless degrees. There's a reason why so much of our highly skilled labor comes from abroad. Our people aren't putting in the work.
I'm planning to buy properties cheaply during a potential housing crisis when I sell a few houses in 2025, but as a backup, I've been thinking about purchasing stocks; however, I've read about trading earnings exceeding $500k each week while also hearing that the market is out of control and experiencing a dead cat bounce-what advice do you have for timing the best buying opportunities, and why does this discrepancy in market conditions exist?
Investing in real estate and stocks might be a wise choice, particularly if you have a sound trading plan that can get you through profitable days.
You’re not doing anything wrong; you simply lack the expertise necessary to make money in bad market. In this difficult circumstances, only really skilled experts who witnessed the 2008 financial crisis can expect to generate a large rate.
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.
My CFA, Desiree Ruth Hoffman, is a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you for this tip. I must say, Desiree appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
Thank you, Mr. Robertson. I think it is also because fewer families live together. Every generation has their own home.
@@anthony-c4z2m - Yes, because I am a polite Christian, and I appreciate CBN News.
We need more ppl like Kingdom 🙏🏽🙏🏽
Look at how large new construction homes are. We need "starter" homes like what my wife and I did on our 1st home which was just a basic 2 bedroom home 800 sq ft and then moved up a few years later as our family and income grew. I think that guy with Boxabl is onto something.
Yes n hopefully more ppl like him will get on board🙏🏽🙏🏽❤️
Importance of home buying.. rents always go up. Once you lock in something affordable*** of course!! You’re just maintaining!!!
Zoning Laws are the secondary problem. But that conversations get a bit too deep
America voted for it
I don't think so
Haha. 😂
This issue was beyond just the last election.
This issue began in 2008 by corporate greed. Look up 10 Trillions Dollars Company BLACKROCK and VANGUARD. YES TRILLION DOLLARS CORPORATIONS who owns APPLE, MICROSOFT, AMAZON, BANKS and more who is buying out houses to create unlimited amount of workers. They own the Government Republicans and Democrats. USA NEEDS TO REFORM a NEW Government. People need to wake up
And they about to vote for Kamala again when she hasn't done anything to help Americans instead everything for them illegal immigrants they letting into our country 🤦💯💯💯
In a country where Corporations rule politicians there will left nothing affordable 😮😮
It’s hard to keep a roof when most jobs pay 30.000 !? Soon there will be millions homeless and jobless !
Under the Biden & Kamala administration 🐍🤦💯💯💯
If you want affordable houses, groceries and gas vote for trump 3.5 interest rate vs. biden kamala 8.0 interest and plus inflation.
YOU CAN THANK KAMALA HARRIS FOR THIS
Big Facts 💯💯💯
Why so many high end houses being built? Because there are so many with the wealth to buy them, the same wealthy people who want the government to give money to immigrants who come here illegally, but they live in high end housing. Builders should be given mandates with their building permits to build affordable housing and not just for immigrants, but for the rest of us lifelong Americans who have worked and paid taxes ALL OUR LIVES AND STILL CAN'T AFFORD A HOME!!!!!!!
Greed in the housing has destroyed affordability. Imagine how many houses would be available without Airbnb. Corporations doing mass buying,even foreign buyers own a huge portion of our homes! All for profit !!! The government will not do much because it artificially holds the economy up for now ! If they give down payment incentives, the prices go up ! We need mass building with only live-in owners allowed . They spend more locally fixing up their homes . Investors, it all goes out of our communities, even out of the country!
Sir you are absolutely correct!!!
@@growlinbear You hit every point.
If the rent is lower .I think we could solve homeless issues
I have been a CBN patrner for 40 years. I am homeless due to my Social Security check of $735.00. The new normal is the possibility of renting a Home Depot garden shed!👀🙏🙏🙏
❤🙏🏽❤
$600k for a board house that as soon as strong wind blow pieces of the house coming off smh.
Yes.. let’s ignore corporate greed..
The harsh reality is the only way to fix this is to replenish the housing supply, and that's going to take time to be done properly.
No the solution would be to ban all forms of investors from the single family residence Market which they should have never been in in the first place.
In 2023, the US housing supply grew by 1.4 million single family homes and 440,000 apartments, roughly 40% of which were designated as affordable. We're making progress, it's just going to take time.
Except it wont. People in power all own homes, and if they increase supply that reduces demand which reduces the values of THEIR OWN HOMES which to them are an investment. And under no circumstances would they even legislate against their own interests.
This appears to be happening in every Western country.
Yes, esp. Christian countries
Yes because it's corporations and Airbnb taking everything over.
Counties should change the laws so people can camp on their own land. This alone would make a huge difference. They could qualify for help with septic and well. Otherwise, if they are in a tent so be it
Part of the rise is housing cost is simply the new houses are getting bigger. A factor that can improve the trend is simply have a property tax structure that uses the house size, footprint, and property size to calculate the tax. Market equilibrium over time will improve the cost factor. As buyers will choose more efficient sized homes. Less materials, lower cost. A smaller footprint will also reduce energy costs.
From what I can see affordable housing means, people from the suburbs are moving back into the larger cities which is forcing people who lived in low income housing back into the suburbs and those towns don’t have enough housing to accommodate the demand and the suburban towns don’t want to build larger “projects” to accommodate the changes.
Those 9 million are mostly headed to New York. So using them as an excuse isn’t adding up. The truth is corporate greed is causing housing to be unaffordable.
I can’t pay my rent cause I don’t work lol
Ikr, who would have guessed that would have been the reason. Shocker!
To be clear, she didn't say she couldn't pay her rent, but that it was more of a burden now that she we going to school full time and living off savings.
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.
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!
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.
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?
Jessica Lee Horst 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..
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.
No houses worth $500,000
the news host makes a correct observation that high density & zoning changes are not necessarily the answer because localities are then burdened with much higher policing, schooling, and utilities costs- costs for which they don't have the needed higher resources.
Newer housing developments in Florida are built 10' apart & on low lying wetlands. All homes the last 20+ years were not built higher & the end result is going to be more potential flooing of all homes in the area.
all newly built apartment buildings here in naples are luxury apartments with small one bdrm start from $2000. its a dire dire situation. funny is the buildings are half empty but still not budging on price
I’m living in a nightmare.
Girl yesss
@@shayshayw8365 It sucks. I want to wake up.
@@schawnettarobinson8584 I know what u mean sis smh
Isn’t this what we all anticipated would happen once we uncoupled housing from standard economic pressures with mortgage and property tax credits to homeowners in the 1990s? I saw it happening during high school, which is why I started buying housing in 2001, a few years after I graduated college.
The market got a little too excited in the early 2000s, which led to a housing bust, but the dynamics remain the same.
Its a greed problem, not political smh
It’s a greedy issue!
Housing is a basic need.
Don't try to sugar coat the issue 😡
In my opinion only the government should stop regulations impeding the the building of more affordable housing.
My landlord is jacking up my already high rent $250 and now I’m forced to move from the home I’ve been in for 10 years. I can’t believe at the age of 35 I’m being forced out of a one bedroom apartment. Sad situation were in.
People in Wisconsin are living in park n rides
You have not addressed the real problem... our government needs to get Vanguard, State Street, and Black Roc out of the housing market, next and just as important...Tax The Churches
We don’t have housing crisis if you stop the border. They need to apply to come in here. It’s like strangers living in your house. Your household cannot sustain it.
Its not about immigrants
No rent control.
Lower the prices it’s crazy we will never be able to afford a house
We as citizens must push Kamala to campaign on pushing forward the YIMBY act. She's not pushing that message of her campaign strong enough. It's bipartisan and can really make a difference.
Why have someone in the video who is over 55 talk about housing cost and rent when they have returned back to college and only driving Uber? I mean was she accustomed to living somewhere for free.
Also, part of the problem with housing is 60% of the families today are single parent households and the majority can not afford to purchase homes alone.
6:07 absolutely spot on
That video was completely cut off before it was finished. Hmmm I wonder who did that?!?
Cloward Piven seems to be succesful reading all of these comments. Their strategy of turning us against each other seems to be working
Let the houses sit
I have the section 8 voucher and it's difficult to find a apt and I have to be out Oct 30th
Who do we vote for so that they will ban corporations and greedy landlords from destroying the middle class?
….. no one …
Instead of providing billions of dollars in foreign aid to countries like Ukraine and Israel, our government could have allocated those funds to address the domestic issues like unemployment and homelessness . Those billions could have used to support the Americans.
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Do you invest with a professional broker? I'd appreciate it if you show me how to go about it.
Can't share much here, I take guidance from ‘Sophia E Haney’ a renowned figure in her industry with over two decades of work experience. I'd suggest you research her further on the web.
Use her name to quickly conduct an internet search.
SHE’S MOSTLY ON TELEGRAMS APPS WITH HER NAME.
I don't want affordable housing near me. It just makes the area ghetto
😡 we can have a full fledge conversation about this
Illegal immigrants
Well, the newscaster told me what this channel is about at the end with his commentary. 🤦🏾♂️
Lord God have mercy on our country. Give us wisdom in how we live and how we vote! Forgive our land and help us humble ourselves, as a country, seek Your face, and turn from our wicked ways so that times of refreshing may come, in Jesus name. 🙏🏻
For all those seeking and praying for a home, Lord please provide, in Jesus name. ❤🙏🏻
To defer American's dream of owning their own homes to placate corporations is a self inflicted crime.
I raised rents and installed coin operated washer and dryers. Charge for off street parking and storage space. Only month to month. Yeeeee HAAAAAW.. what a country.
Just move to a LCOL area. My mortgage is $600/month and I bought in April of this year.
Arkansas?
8,000 people out of the 9,000 watching this, actually believe this stuff and if your in the top 250-500 people you know that things are going to actually get better in some ways on this topic in 2025,2026,2027
All investors should be banned from the single family housing market. Including airbnb, corporations and even small investors.
that would be artificial. Price control is artificial too. It is a classic bubble. Just slower. once the bubble pops, you will see investors selling at loss.
Housing prices likely won’t drop significantly until supply increases. The U.S. is short millions of housing units and isn’t building fast enough. Demand remains high, and even a small dip in prices attracts many buyers. I’m looking to buy affordable houses in 2024 and maybe invest in stocks. When’s the best time to invest in stocks? Some say it’s profitable, but others warn it’s risky. Any advice?
Consider buying stocks when the economy is not doing well, like during a recession. It could be a chance to buy them at a lower price and sell later when prices go up. Just keep in mind, this isn't financial advice, but sometimes it's better than keeping a lot of cash.
Having an investment advisor is the best way to go about the stock market right now. I used to depend on RUclips videos but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Jessica Lee Horst’ ” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
PULL YOURSELF UP FROM YOUR BOOTSTRAPS ‼️🥃🔥🤪
It’s even better having older family members that tell you you’re not doing enough and it’s your fault that you don’t have an apartment.
We are so sorry to hear of the struggles you are dealing with. Know that we are interceding with you for His provision over your life.
Yeah those older family members are out of Date and out of touch. All that Republican talk is just garbage.
@@JayZ-to6up To be fair, the democrats are the reason we're in this position. Raising mandatory taxes, out of control gov spending/raising debt limit and big bank bail outs are the dems ideas.
@@CBNnewsonline Thank you 🙏
THEN VOTE TRUMP 2024!!!♥️♥️🙏🏻🙏🏻🇺🇸🇺🇸
What is he going to do? Neither party will help the American people because they need people desperate to roll out the beast system.
Since when does the federal government build housing
VOTE BLUE 🗳
Electing a real estate heir will not help.
For what, for Trump to give those corporations more tax breaks and incentives to buy more homes and take them off the market. That's what Republicans do the best.
Thomas Gary Garcia Jose Jackson Linda
I think we should learn how to stop breathing for 4 hours
Blame the democrats for this mess. Thank you Biden
Bro is not enough that they are not enough houses is the pay 💰 is too Low Taxes Are Too Danm High
Its Will Fisher lol