INFLATION Is Making Home Ownership Nearly IMPOSSIBLE
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- Опубликовано: 18 май 2024
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On this episode we are diving into the real estate market, the rising prices and interest rates, and why inflation is making it nearly impossible to be a homeowner...
Lynette Zang is an economist that has been involved in the markets at some level since 1964, as a student, banker, stockbroker and precious metals and currency analyst. She has been studying currency lifecycles since 1987 and discovered similar social, economic, and financial patterns that occur throughout the stages of a currency’s lifetime. She believes that recognizing these patterns enables people to see what’s coming and make well-informed choices that put their best interest first.
Together, Lynette, her team of experts and special guests share how to best prepare for economic uncertainty. Focus will be in the areas of Lynette’s mantra and how to be equipped in the key areas of Food, Water, Energy, Security, Wealth Preservation, Barterability, Shelter and last, but certainly not least, Community.
This channel is dedicated to supporting sound money globally and building a community that connects us worldwide. Subscribe and keep watching and you too shall have the knowledge needed to make educated choices and thrive through whatever the future holds.
She is 100% correct! If you can’t afford gold get some silver, with the 1/8 ratio silver should be $250-300 in the current market. I was lucky to live in Nashville and sold my home for 3x what I paid for it 3 years prior and buy a homestead that is now worth close to a mil at 2%, and when the dollar dies (I believe this is the real reason for what we see in the world today) the house is locked in and the veggies growing in the back yard will pay for it and then some because our food source is being attacked as well… what’s coming will be worse than anything we have ever seen and will completely change the world
@@mattguastella3018because 'they' need it
Time to attend town hall meetings to find out EXACTLY what and why on tax assessments and taxes collected.
no
Just grab a few friends and run for local office and cut the property taxes
Just be prepared to have fewer public school teachers for your kids
Back in 2010, I couldn't afford a house (they were going for $400k to $500k), so I went with a condo. Got it for $120k in a city just outside Seattle. I make pretty good money as a computer programmer and paid it off in 2018. I've been saving since then to buy a house. The condo is now worth $400k and houses I looked at in 2010 are now $1.1M. It's insane. So, I'm just stacking metals and saving and waiting for the crash and then I'll jump all over it.
In 2018 you should've buy that house and win big time again
Lynette is the grandma I always wanted but never had lol
Glad to see your audience is growing. Love you Lynette❤😊
Acid test gold and sliver, there are kits, but still use a magnet
I bought a device from Sigma Metalytics. It cost me around $999. But it gives me peace of mind. At this stage, I value that over savings some money here and there. What if I stashed a nice hoard, only to find later (when SHTF) that the metals weren't exactly precious. That is my approach.
I'm watching a real estate tragedy in microcosm right next door to my house. The investor who owns the house and is trying to sell it, is struggling to even get people to come look at the house. They will soon have to lower their price (again) just to reduce their loss (hopefully). They shouldn't have sunk about $100,000 into renovations as that will definitely put them underwater.
Which state?
@@dudewhathappenedtomycountr9099 Sorry. Florida. Seminole County.
Also you can’t complete with the real estate developers and flippers who appear to be on the fast track buying up all the affordable plots and properties. The little guy and middle man is totally blocked out of the market by the insider relationship in the real estate market.
That realy funny, Qoute "I have 100-Trillion Zimbabwe Bank-Note, what you can buy with it? NOTHING !!!" Thanks Lynette again something learned
The Federal Reserve might pump 32 trillion dollars into the housing market making owning a home that much harder!
Wow
My story I tell is 30 years ago the house cost $100K and property tax was $300 per year. Recently sold her for $300K and tax was $3000.
Go figure!
I had bought my first house when I was 23. I was 15 years in of paying it off, and then I went through a divorce and had to sell my house. I thought for sure I would be able to buy another house shortly. That was 7 years ago, and I have been renting all this time. I have been waiting for this market to correct, so I can actually afford to be a homeowner again. Hopefully that gold value goes way up and the housing prices go way down soon!
Isn’t Silver a better investment Now with the ratio over 80 - 1?
Yes silver tends to outpace gold.
Definitely 😊
Ms,Zang is always on point. Love this show!!
Property taxes makes homeownership impossible. Make no mistake the government owns the property. Best case scenario is instead of two landlords you get it down to one. The remaining landlord doesn’t do maintenance or pay for insurance. They have a pretty sweet deal. They just collect the rent.
The IRS = the irs = theirs.
It isn’t yours if it is theIRS.
Personally I would still rather have a mortgage than paying rent to a landlord. My mortgage is literally cheaper than renting a house. At least with buying a house if I ever need to I can use it as collateral which I could not do if I was renting.
You can at least sell the home and recoup your money too@@skylarmickel
@@Boone22Right :)
If you were in the U.S. Army like me and served in 4 conflicts "wars" First Gulf, Kosovo OJG Operation joint Guardian, GWOT Global War on Terror or OEF Operation Enduring Freedom and OIF Operation Iraqi Freedom; and you live in Michigan and a couple other U.S. States; and you were lucky enough to get blown up, shot, stabbed or kicked in the nuts and end up with 100% + VA Total and Permanent disability - Then you pay ZERO property taxes for your main residence. I do love Michigan and our state VA disability benefits. It actually makes housing affordable for us. Without this specific benefit I would be able to afford a home - even though I'm homeless now due to a nasty divorce I hope to own a home again someday!
You give me hope, I'm beyond depressed by Sydney Australia Home prices 😢
Gold $120,000/oz.
Silver 6K.
Silver 12k 🪙
I sure hope so😊
Careful what you wish for.
It is scary watching people in my salary range (120K if it matters) buying houses I absolutely could not afford. They're doing what boomers did, hoping for appreciation and big raises/wage growth. But how is that going to work??? Who is getting huge raises these days, first of all. And the boomers bought earlier in their careers so that thinking makes sense, but we're all in our 40s.
Same boat as you. I save and live frugally (I do buy quality food :) ). I rent. Even walkout basements are outside of my budget! I would consider buying a place only if I could put 50%-60% down. Nowadays, the economy itself is so fragile, that I won't be surprise if I was jobless in 6 months. So I am very apprehensive of making such a huge purchase. Inputs welcome.
Just accepted an offer for my house fingers crossed 🤞
Testing PMs. If using a magnet, the best type is a Grade N52 neodymium magnet. Very powerful, not like a refrigerator magnet. They comes in different handy sizes. I have one, plus a PM acid testing kit with a small digital scale. I do not have the current electronic testing tools. I learned how to acid test metals while I was a police detective (a coin shop dealer taught me) and that was before I got into stacking PM myself. Good skill to have if dealing with unknown or questionable sources. EMPs or CMEs have no effect on acid test kits.
I bought a device from Sigma Metalytics. It cost me around $999. But it gives me peace of mind. At this stage, I value that over savings some money here and there. What if I stashed a nice hoard, only to find later (when SHTF) that the metals weren't exactly precious. That is my approach. I store that device in multiple layers of a Faraday fabric protected bag. That's the best I thought I could do.
N45 is nearly as strong, and a bit less brittle.
Got Lynnette ? She is always on point!
You need to clarify that it's a neodymium magnet one should carry to test precious metals NOT a regular magnet.
Beautiful dress 👗 Lynette zang. My mom was right when she said a beautiful lady makes d beautiful dress 👗 thanx for what you do n sharing your knowledge to help us little people out in you tube land
Thanks for the Videos.
DONT keep a magnet in your pocket. You will wipe out your cell phone, your credit cards ect
To test your coins cheaply there is a "pocket pinger" and Amazon has plastic templets to measure the size and weight of coins
I bought a device from Sigma Metalytics. It cost me around $999. But it gives me peace of mind. At this stage, I value that device over saving some money here and there. I know everyone's circumstances are different. What if I stashed a nice hoard, only to find later (when SHTF) that the metals weren't exactly precious. That is my approach. I store that device in multiple layers of a Faraday fabric protected bag. That's the best I thought I could do. Inputs welcome.
@@user-dh6jb6tz4g The 3 devices I suggested cost under $100 and no tech to worry able.
In Brisbane realestate has double in the past 12months, 90% of home loans are variable interest rates so repayment have also doubled. It now takes 46 years to save for a deposit of 20% for a house in Sydney. In the last 2 years 10% increase of people to keep house prices up.
Timely and insightful thank you
Try buying property in Sydney Australia. My kids are in their early 20s and are already resigned to renting for life. One of them has now seen the value in gold and has started accumulating small amounts each pay day. Just need to convert the other boy and my job is done. Thanks for your common sense approach to everything. Entertaining but also more import very very truthful
This video felt a little QVC ish. I love Lynette! We all know gold can be a slightly magnetic and be swayed by a magnet. When gold clasps are melted with gold necklaces/bracelets this cause the gold to contain a little metal that is magnetic. The gold of dangled may be swayed by a magnet. It is not optimal but melted gold can be affected by a rare earth magnet. It is always best to remove the spring from the clasp/claw if you can before you melt to avoid contamination. Not the best explanation. Gold and silver coins should never be magnetic.
The housing needs the adjustment
Here in Southern Alberta we have a small town of 4000 now building 3 housing areas (200+ homes each) hoping to bring in the city folk willing to drive 2 hours to work, sleep in the town, and there is only 1 grocery store. The housing will not be affordable.
The Federal Canadian government is putting a $25K Capital Gains tax on your first residence when you are selling too. So there won’t be any sellers or buyers unless you are buying new.
Thank you
I Love Lynette.. ❤🎉🎉🎉🎉
Excellent video ❤❤❤
Yes you right about magnet, but how about cuper it's also not magnetic metal.
I can't believe people still buy gold and silver. I guess some people still buy records and cassette tapes even though the digital version is so much better kinda like Bitcoin
Great session! One note of caution regarding carrying magnets... I used to carry one to test metals in my antique business, but found all the mag strips on debit and credit cards were wiped - couldn't use the cards anymore, so had to get new ones issued. So be careful to keep magnets away from anything that is affected by them.
I wouldn’t recommend putting a strong magnet in your purse or pocket because once the magnet hits your phone, then it’s fried.
3D house printing will be the future
Thanks Lynette ❤ love your work your amazing 👏
People buying new homes all over the Austin TX area.
with worthless dollars.
I love that blouse Lynette. Glad to see it back.
Keep the magnet away from your phone, and use a pocket pinger too.
I’m pretty confident any Gold purchased at Costco is authentic and more cost effective than buying from Lynette. Just check it out for yourself and compare.
Even those who have a house with a low percentage rate the inflation has caused the house to cost more to replace and thus house insurance has gone through the roof.
My house insurance went up $2500 in one year with no claims EVER.
All part of the plan to you will own nothing and be happy along with the great taking.
Just sold my house and going to build a small cabin mortgage free.
Yeah, I have a question, why does YT let the reported scammers back on people’s sites in a matter of minutes?
I'd love to hear more about uncle Albert and his held gold.
I have friends jumpin in on meme stocks and crypto swearing thats where the money is. So far, they are right.
What is being sold?
What do you think about CDBC being the keystone to Ai dominating world finance?
Sound money 💰 is the key
nice flowers
What will happen if Comex can not meet demand ?
Do you sell commercial properties?
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🤔 Sounds like she’s trying to sell you gold 😂
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Is long term 5 yrs 10 yrs or 20 yrs? It's hard to know when gold will be revalued.
Good fakes pass the magnet test. You really need a sigma machine
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Lynette Zane please answer this question for me. All the grocery stores are saying food prices are stable and there’s no more inflation at the grocery store that prices are coming down which world are they living the White House or
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For the youtube algorithm 😎✌️ #DCAandCHILL
Appx 60% of my property taxes get directed to school bonds & public schools/colleges.
Since the central banks power is dependent on keeping metals prices low, I doubt that gold will ever get close to $41k in the next 10-20 years.
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What gold silver ratio would you hold this present day ? Pls an Ty
When in circulation the 1:1 Oz ratio Would be 20:1. USD. Current calculated ratio is 77:1.
I’m new and don’t understand the ratio aspect. Can you help me?
15/20 to on is old ratio so silver is was under valued 😊
The PAEACP/PAEACPAB is waiting
What happens if there is a confiscation of privately owned gold and at the same time a currency reset through the introduction of the totalitarian CBDC?
soon there will be a good time to pick up a nice property you have your eye on , OR an investment property, cuz people still need a place to live . Or invest in short term rental ( vacation homes) people cannot fly all over to europe for a big Vacation. but they all can stay somewhere for a few days. BUT you must not overpay! I will buy with my gold and silver ,LOL, first i have to wait for gold to hit 20 to 25 K an ounce .
Ditto. Egon von Greyerz told a story of a 6 bedroom house in Berlin going for 6oz of gold in 1920s. That is my only hope at this point of time :D
Lynette, you would do well to make eye contact with the audience and not just Emerald. It is hard to follow your words and intent when you are not discussing points with us, your YT audience.
Lynette's gotta go Blonde..
cake
Outlaw the buying of single family homes by investment groups, and strictly limit how many properties any one landlord can own, like was true in many States in the 1970s.
You can get stuck with real state in a snap when a country is on decline, look a commercial or.the woke cities, look at Ukraine...
.gov always mess up at some point, always, everywhere.
Your kids will thank you for keeping some gold and silver.
I'm building a house now. I expect inflation to make my mortgage cheaper. House prices won't decline because the cost of building one isn't going down.
How did you manage to type all that with your fingers crossed the way they are?
LOL
Look in West Virginia Ohio Pennsylvania you can buy houses dirt cheap there
Ok she's a cutie Lynette! Question: Is she single?
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