Thank you both for what you do 🫡 Saw Melody on Thoughtful Money and this was sobering to watch but not a home owner (yet) so can be taken in a positive manner. Best of luck to you both your work is much appreciated 💛 Rational information is hard to come by these times
People used to put 40% + down on homes in the 1920's. The Great Depression didnt care about equity... The Great Depression said hold my beer, and brought home values down 35%+.
My strategy: Play dumb, let the homes flood the market throughout the spring/summer/fall. Don't buy until 1. Resellers lower their prices due to higher taxes, insurance, and low rental income 2. New construction is so top heavy, they HAVE to sell at lower than asking, plus concessions. In 2010, Dr Horton paid my closing costs on a VA loan (no money down) for a new construction home at 170K. 4 Bed 2 Bath, 1700 sqft. Sold it 5 years later for 280k. I'm in Las Vegas and it's getting stupid with this stand-off. Job losses are way too high for buyers' confidence. You can't get a loan if you have no job. Realtors here are telling sellers to get a HELOC, pay off their personal debts, do home improvements, and then put the home on the market for the remainder of the balance they owe. So the home price stays inflated. But they now owe a massive debt in a market that won't buy due to inflated prices. LOL Good luck everybody else! I'll be sitting on the sidelines with a bag of popcorn and a down payment.
I'm still waiting also. Will be ready (working on my DTI Ratio now) to buy late in 2025...but DO expect the market to be WAY better by then -- and mortgage interest rates way lower also. And like you did, I'll be using a VA loan and looking to buy a new-build (a smaller town-home/carriage-home) in a new subdivision/community (in Colorado Springs, CO) vs. an older home in an older neighborhood. -- BR
There is no reason to buy. Unless you truly need a place to live and you can’t rent. Every month the builders don’t sell homes and the homes start flooding the market the prices will come down. And with the massive lay off going around the economy will correct and millions in ppl will lose jobs. Is a cycle that it must repeat it self over and over again
In Vegas caught up in this too. Hate to say it, but we may be sitting a while. Who knows when it will all fall apart, but the tech migration screwed everything up. I still hear and read about people buying in cash here. I dont understand it. Strange time to be alive.
My utmost respect to you two, I firmly believe that God has put you on our path to free thousands from making costly mistakes that will end up destroying them.
economy is booming because we have a 3.7% unemployment rate. This account for people who have multiple part time jobs so the numbers are skewed. If you look at the adjusted unemployment rate, which is the rate that shows one person to one job. It's currently over 7%! 5% is recession level...In short, the gov is gaslighting the general public.
Travis… you keep mentioning Raleigh … I am waiting in that area to buy a house renting but i cannot find your video from when you visited…. when did it post?
Travis and Melody, it would be nice to hear your analysis concerning the misrepresentation of the sales price and how it affects the comparable sales numbers for other homes within the taxing jurisdiction. Higher comps equate into a higher tax basis.
Hi. Can you talk about manufacturing home. I plan to buy lot and buy used manufacturing home. Lot where is electric power, septic and water wel I plan to get 1 to 5 acr lot. How much 5 acr lot in south Houston? I do not need to be in city. I am truck mechanic I hope to find job in many places. I like be close to cost to be cool down by gulf Mexico
In Austin there are countless spec neighborhoods everywhere. They are MASSIVE and 100% spec and they're all over the surrounding areas of Austin. They're all these tiny box homes with zero yards and zero parking for half a million asking price.
Crazy. Dallas isnt much better. Its straight up SURREAL driving by theese new communities where they are building 100s of new houses WHILE existing inventory is sitting on the market for 100 days + with 10% price cuts
Thank you both for this excellent discussion - especially on the concept of our want of ''instant gratification''. It's OK to defer gratification/pleasure until we're older and wiser.
Northern California south of Sacramento north of Fresno .. houses being built everywhere prices are outrages and they only list a couple at a time even though there are 100s being built same time in the same area
Thanks for the video. Our daughter had to move to North Atlanta burbs because of a job change. She and SIL have been "encouraging" my wife and I to retire to their area. It would be nice to be close to them and enjoy our granddaughter growing up. BUT, right now the prices are so ridiculous. We cannot afford anything in their area. We visit new home communities and the house prices are outrageous, and the builders keep raising the prices. This one community close to our daughter, we really like the neighborhood and amenities, BUT the builder's 'already announced' 2024 and 2025 prices are 15 to 20 percent higher than their 2023 prices. They have a ton of space and inventory. We look around that county, and there are a lot of builders just pounding up new houses left and right. As you alluded to in this video, it seems any open space is being built on, and the traffic is already crazy. Two lane roads are being widened to four, causing long traffic backups at current. When is the madness going to end!??!! For now, we have chosen to stay put in our current home, and put back money toward our future retirement home, wherever and whenever that may be. I just got rid of a mortgage a few years ago, and I refuse to take on another mortgage just to buy what I feel is an overpriced house.
One of the worst concerns I have with Atlanta is the severe shortage of caregivers for the retired senior population.National Public Radio had to bring this to light that the cost of living would cause all sorts of shortages to occur when people can’t afford to live in the area will not be in certain occupations. The Atlanta area has the lowest number of caregivers in the country an that means serious troubles are present and future
Real estate websites lie. The house I just rented was up online. After I rented it out, the listed tge zestimate at 2400 when I rented it at 1800. The know what I rented it at bc I found it on their stupid site
DL Horton and Lennar are dropping prices and incentives like crazy in Summerville S.C area... so much shadow inventory amongst all builders, building Permits tell it all 😮
Deflation will happen. But most likely Fed will print money to help and inflation will hit right behind. I lived through Soviet Union collapse. Sometimes we would get a million as a paycheck. Then government will print new money to just remove zeros from all prices. It took as 2-4 cycles like that.
Hey Travis, what do you know about assuming a loan with a 2% mortgage. By Listening to you I already picked a couple of red flags with the high sticker price per sq ft plus owner is asking for a high down payment? The online company is called Roam homes.
If you can legally assume a mortgage at 2%, that's something I'd look at. Probably an FHA loan. I've heard about Roam, and in theory, it sounds interesting to me.
35 & 40 Year Loans are coming that will GOBBLE up all the inventories. Old homes will get abandoned. Millenials are largest cohort followed by GEN Alpha with bigger Population. Homes will not crash. Interest rates will be higher with longer loan terms. It's already started.
Las Vegas here has a very stubborn housing market. With a combined household income of over 100k and still not being able to comfortably afford much... Let's hope buying season is weak this year and no more bailouts!
The duplex behind me just listed for a million dollars. The duplex next door rents for 1600/mo, comparable property. You do the math lol. Somebody going bankrupt
Not sure how to find that data, but couldn’t that unreported inventory be accounted for in the homes built through that 6-12 month builder process? Maybe in contracts or new one family houses for sale? Also please tell me when Vegas will crash?? What should we be looking for there. It’s normally a boom bust town like in the GFC but migration is maybe messing with it?
I have been looking for a house. I saw a new listing at 5:00 am this morning and it was gone by 12:00 pm on my lunch break. It’s really discouraging if investors are buying up properties before individuals can. This housing market sucks!
@@SigFigNewton I am seeing a little of both in my area…but the good ones are gone fast. I’m just hoping it’s not the investors…but I am seeing some properties sit and their prices going down… good luck!
This is why im getting my realtors license and also my general contractor license. im building my own homes. these builders are taking advantage of people.
In 40 years people that do both successfully are rare -being the builder is high road realtor the low road builders that get tired and old become realtors
SHADOW CONCESSIONS AND HOW YOUR VIEWERS CAN GET THE CONCESSIONS THEY DESERVE ---- Hope you'll do a youtube just dedicated to this someday........and buyers need to feel empowered to walk away from bad deals without appropriate concessions.
UT builders have huge incentives…free basements built, closing costs etc. prices have come down but not fast enough. Outrageously overpriced. And massive high density living everywhere. It seems that is their solution. Keep rates high but offer smaller sized homes. We also have a large smart city going up this year. Is it all past of agenda 2030? Own nothing? That where the worry is… will it become harder to obtain a mortgage loan if we as consumers wait?
Travis, you seem really sincere in helping people and it's one of the reasons I am subscribed to your channel. However, I have a different perspective on home ownership. I understand for most people it is emotional but personally I make efforts to take out the emotionality of buying a home. I sold short sales in the GFC and when it came down to the bottom line, it was business. The banks did not lose out on the predatory and subprime loans they gave out that impacted millions of homeowners. Indeed, contracts were broken and although buyers signed on the dotted line they didn't know what they were signing up for. Education is key to what you are doing here. It's like they say if we don't learn from history we are doomed to repeat it. There is absolutely nothing wrong with renting or being a renter. In my market in SoCal rn, it is cheaper to rent than buy.
What is happening happens like clock work ⏰ . EVERY state goes through a real estate cycle. With or without the Fed’s intervention. What goes up, must come down. Denver for example reflects a 7 year cycle. Areas like Vegas, Florida, Arizona & parts of Texas are a 4-5 yr cycle. We saw most areas began appreciating last quarter of 2013. That puts most areas at the peak of their cycle in 2020 which it started falling but then covid hit which put a foreclosure moratorium in place. Also called a delay. If the government did not mess with the normal market cycles we would already be in a crash which is better known as a correction. The markets always correct themselves, if left alone. 2024 is 11 years after the up cycle which is 4 years over due for normal growth cycles. The downturn most likely will be worse than if the government would have let the natural order take place. 2024 will become the start of a flood of inventory. Not because people decide to finally make that move but because they can’t afford the financial stress of the overall market. As inventory rise so does competition. Prices will drop proving anyone who bought since 2001 are upside down on their mortgage. Their down payment are already gone. 38 years of experience as a high volume producer talking here.
When all the housing and economic data and statistic are false, how can people possibly make intelligent financial and future decisions? Most people have given up.
New home builders here in the midwest don't want to drop the price to make a sale. They want to give you money on the back in order to keep the prices showing steady or up. It's a cover up You guys should start a web site showing the real info, you might be millionaires after that.
😂😂😂😂😂😂😂 Mortgage 5000 Utilities 600 Car insurance 2000/y Health insurance 1500/m Groceries 2000 Phone + internet 250 Car payment 500 You name it and continue who is going to afford this ????😂😂😂😂😂😂🇺🇸🇺🇸🙊🙉🙊🙉🙊🙉🙊🙉worst than 2008
Hello Travis, community. I'd like to see if you could talk on one of your videos what is the incentive for "seller" concessions. It seems to me that getting a lower price (for instance a house for 500k instead of 550k + 50k of post-sale consencions) is far more advantageous for the seller and the buyer. For one, the commissions for realtor would be on 500k instead of 50k. So as a seller and a buyer, I would prefer to have a full sale for 500k with no concessions that one for 550k and then 50k in concecions. It is not just commission though, the seller might be liable to pay taxes on capital gains on the property in certain cases and the buyer would be stuck paying a higher yearly property tax because the property is assessed at a higher value. Finally, the mortgage of the house would now be for 550k - downpayment as opposed to 500k - downpayment so even the bank gets more in interests rate. I do realize there might be reasons in which the concessions might help lubricate the deal or perhaps the seller has a dozen properties in the area and would not like the rest of the properties to be assessed at a lower price. But I don't understand why this is so widespread overall, to me, mathematically it does not make sense. Is this another case of people doing silly things that ultimately harm them? Or am I missing something else. Could you please go over this in one of your videos? Thanks, appreciate your post.
Thank you guys for all you are doing. Homebuilding Giants are motovated by GREED.... But now Father God IS "Building" His Own irresistible Development....and He's gonna use it to CLEAN HOUSE!!!
Still waiting for that upper midwest video to drop... Minnesota, Wisconsin, Illinois.. even if there isn't ground breaking news to report, I feel like you forgot about us..
See, even the government wants to thank them for the hard work they do. Everyone should be taking advantage of the great deal with new homes. Save yourself the money on an inspection because there is nothing to worry about, the builder does a more thorough inspection anyways
@@realestatemindsetyes sir you are welcome. When information is good I am always willing to stay and listen. Continue to give or Lord and Savior Jesus all the praise, honor, and Glory, because without Him we are nothing and can do nothing.
![BRASIL vs. PERÚ [4-0] | RESUMEN | ELIMINATORIAS SUDAMERICANAS | FECHA 10](http://i.ytimg.com/vi/tbyOJKXfQnI/mqdefault.jpg)
We learned so much on these trips...can't wait to share all of our intel with everyone!
I'm still struggling to process it all still. I'm going to start working on Atlanta today.
Thank you both for what you do 🫡 Saw Melody on Thoughtful Money and this was sobering to watch but not a home owner (yet) so can be taken in a positive manner. Best of luck to you both your work is much appreciated 💛 Rational information is hard to come by these times
People used to put 40% + down on homes in the 1920's. The Great Depression didnt care about equity... The Great Depression said hold my beer, and brought home values down 35%+.
My strategy: Play dumb, let the homes flood the market throughout the spring/summer/fall. Don't buy until 1. Resellers lower their prices due to higher taxes, insurance, and low rental income 2. New construction is so top heavy, they HAVE to sell at lower than asking, plus concessions. In 2010, Dr Horton paid my closing costs on a VA loan (no money down) for a new construction home at 170K. 4 Bed 2 Bath, 1700 sqft. Sold it 5 years later for 280k. I'm in Las Vegas and it's getting stupid with this stand-off. Job losses are way too high for buyers' confidence. You can't get a loan if you have no job. Realtors here are telling sellers to get a HELOC, pay off their personal debts, do home improvements, and then put the home on the market for the remainder of the balance they owe. So the home price stays inflated. But they now owe a massive debt in a market that won't buy due to inflated prices. LOL Good luck everybody else! I'll be sitting on the sidelines with a bag of popcorn and a down payment.
I'm still waiting also. Will be ready (working on my DTI Ratio now) to buy late in 2025...but DO expect the market to be WAY better by then -- and mortgage interest rates way lower also. And like you did, I'll be using a VA loan and looking to buy a new-build (a smaller town-home/carriage-home) in a new subdivision/community (in Colorado Springs, CO) vs. an older home in an older neighborhood.
-- BR
There is no reason to buy. Unless you truly need a place to live and you can’t rent. Every month the builders don’t sell homes and the homes start flooding the market the prices will come down. And with the massive lay off going around the economy will correct and millions in ppl will lose jobs. Is a cycle that it must repeat it self over and over again
In Vegas caught up in this too. Hate to say it, but we may be sitting a while. Who knows when it will all fall apart, but the tech migration screwed everything up. I still hear and read about people buying in cash here. I dont understand it. Strange time to be alive.
Well said!
My utmost respect to you two, I firmly believe that God has put you on our path to free thousands from making costly mistakes that will end up destroying them.
If the economy is booming why are companies laying of staff by the boat load?😢😢😢
Maybe it's not really booming. Technically, China's economy is growing at 5%, although real estate prices are down over 35%
Comertial real estate is crashing today, brining down banks who hold lots of it on their backs in US, Germany, Japan.
Cause they can outsource for cheaper. Those foreign employees working abroad still count as job growth to the Fed.
economy is booming because we have a 3.7% unemployment rate. This account for people who have multiple part time jobs so the numbers are skewed. If you look at the adjusted unemployment rate, which is the rate that shows one person to one job. It's currently over 7%! 5% is recession level...In short, the gov is gaslighting the general public.
A tip of the hat to whomever came up with road trip & combining all 4 great minds together. Hopeful the cross video interviews continues!
Thank you so much for all of the support!
@@m3_melody
You are my support team ❤
Travis… you keep mentioning Raleigh … I am waiting in that area to buy a house renting but i cannot find your video from when you visited…. when did it post?
Travis and Melody, it would be nice to hear your analysis concerning the misrepresentation of the sales price and how it affects the comparable sales numbers for other homes within the taxing jurisdiction.
Higher comps equate into a higher tax basis.
YOU GUYS ARE FANTASTIC! YOU ARE HELPING MANY PEOPLE UNDERSTAND WHAT IS HAPPENING & ABOUT TO HAPPEN! KEEP UP THE GOOD WORK!
Miss you guys! Come back ❤
Thank you for all the hospitality, brother. You're one of a kind.
Everytime y’all talk about Austin. It helps me out so much. We sold in Oklahoma and now in Austin area being patient and renting and riding this out.
Great team work. The best info.Thank you
You are the best! Thank you for all the great content!
Hi.
Can you talk about manufacturing home. I plan to buy lot and buy used manufacturing home.
Lot where is electric power, septic and water wel
I plan to get 1 to 5 acr lot.
How much 5 acr lot in south Houston?
I do not need to be in city. I am truck mechanic I hope to find job in many places.
I like be close to cost to be cool down by gulf Mexico
Go brazoria county bro just put it up out of flood level
This is Bonkers!
How can a realtor provide good data to their clients in TX if they have no comps? Or is that the point?
In Austin there are countless spec neighborhoods everywhere. They are MASSIVE and 100% spec and they're all over the surrounding areas of Austin. They're all these tiny box homes with zero yards and zero parking for half a million asking price.
Crazy. Dallas isnt much better. Its straight up SURREAL driving by theese new communities where they are building 100s of new houses WHILE existing inventory is sitting on the market for 100 days + with 10% price cuts
Thank you guys! Your information is worth more than gold.
Thank you both for this excellent discussion - especially on the concept of our want of ''instant gratification''. It's OK to defer gratification/pleasure until we're older and wiser.
Travis for congress
Northern California south of Sacramento north of Fresno .. houses being built everywhere prices are outrages and they only list a couple at a time even though there are 100s being built same time in the same area
New York Community Bancorp shares cratered 35% on Wednesday from losses related to office space. Is this the first domino?
I thought you were going to Texas to cover the 10 truck CONvoy?😂😂😂😂😂😂
Your opening song intro cracks me up, you’re creative
Haha me too. Sounds like something I’d listen to on a date with my man. It’s a very catchy tune.
Thanks for the video.
Our daughter had to move to North Atlanta burbs because of a job change. She and SIL have been "encouraging" my wife and I to retire to their area. It would be nice to be close to them and enjoy our granddaughter growing up.
BUT, right now the prices are so ridiculous. We cannot afford anything in their area. We visit new home communities and the house prices are outrageous, and the builders keep raising the prices. This one community close to our daughter, we really like the neighborhood and amenities, BUT the builder's 'already announced' 2024 and 2025 prices are 15 to 20 percent higher than their 2023 prices. They have a ton of space and inventory.
We look around that county, and there are a lot of builders just pounding up new houses left and right. As you alluded to in this video, it seems any open space is being built on, and the traffic is already crazy. Two lane roads are being widened to four, causing long traffic backups at current.
When is the madness going to end!??!!
For now, we have chosen to stay put in our current home, and put back money toward our future retirement home, wherever and whenever that may be. I just got rid of a mortgage a few years ago, and I refuse to take on another mortgage just to buy what I feel is an overpriced house.
One of the worst concerns I have with Atlanta is the severe shortage of caregivers for the retired senior population.National Public Radio had to bring this to light that the cost of living would cause all sorts of shortages to occur when people can’t afford to live in the area will not be in certain occupations. The Atlanta area has the lowest number of caregivers in the country an that means serious troubles are present and future
Real estate websites lie. The house I just rented was up online. After I rented it out, the listed tge zestimate at 2400 when I rented it at 1800. The know what I rented it at bc I found it on their stupid site
DL Horton and Lennar are dropping prices and incentives like crazy in Summerville S.C area... so much shadow inventory amongst all builders, building Permits tell it all 😮
When are you going to drop your boots on the ground video in Raleigh-Durham?
So what happens when all the layoffs and shadow-layoffs hit and nobody can afford food?
Have you watched the new movie Napoleon? I’d bet it would get like that if that happens IMHO. Wouldn’t be pretty.
Deflation will happen.
But most likely Fed will print money to help and inflation will hit right behind.
I lived through Soviet Union collapse. Sometimes we would get a million as a paycheck. Then government will print new money to just remove zeros from all prices. It took as 2-4 cycles like that.
Cash will carry... as it always does
Not slowing down in Baldwin County Alabama. Check the growth. Lennar, Horton, Maronda still starting and building huge new construction subdivisions.
🎉🎉🎉 Hey 👋🏼 Travis
I Just wanted you to know that I believe that you’re doing an outstanding job to benefit your viewers. Blessings,Carlos ✝️🙏❤️😊🇺🇸
As Travis Knows East Lake Chula Vista is all built like Barracks
Hey Travis, what do you know about assuming a loan with a 2% mortgage. By Listening to you I already picked a couple of red flags with the high sticker price per sq ft plus owner is asking for a high down payment? The online company is called Roam homes.
If you can legally assume a mortgage at 2%, that's something I'd look at. Probably an FHA loan. I've heard about Roam, and in theory, it sounds interesting to me.
A good federal regulation through Congress, but Congress really don’t do much
Great video this video NEEDS to reach the masses!!! Nobody is talking about this stuff!
35 & 40 Year Loans are coming that will GOBBLE up all the inventories. Old homes will get abandoned. Millenials are largest cohort followed by GEN Alpha with bigger Population. Homes will not crash. Interest rates will be higher with longer loan terms. It's already started.
Las Vegas here has a very stubborn housing market. With a combined household income of over 100k and still not being able to comfortably afford much... Let's hope buying season is weak this year and no more bailouts!
The duplex behind me just listed for a million dollars. The duplex next door rents for 1600/mo, comparable property. You do the math lol. Somebody going bankrupt
Comercial real estate is crashing now already
Not sure how to find that data, but couldn’t that unreported inventory be accounted for in the homes built through that 6-12 month builder process? Maybe in contracts or new one family houses for sale? Also please tell me when Vegas will crash?? What should we be looking for there. It’s normally a boom bust town like in the GFC but migration is maybe messing with it?
I have been looking for a house. I saw a new listing at 5:00 am this morning and it was gone by 12:00 pm on my lunch break. It’s really discouraging if investors are buying up properties before individuals can. This housing market sucks!
Im looking at homes that have been sitting on the market for months, lowering the price
@@SigFigNewton I am seeing a little of both in my area…but the good ones are gone fast. I’m just hoping it’s not the investors…but I am seeing some properties sit and their prices going down… good luck!
Love you two ❤❤. Keep up the great work 😎. Toxic economic narrative needs to end. The people need to hear the truth.
Insightful...thanks
Hmmmmm
Interesting
The “freeway walls”
Seems like it’s All by design
This is why im getting my realtors license and also my general contractor license. im building my own homes. these builders are taking advantage of people.
In 40 years people that do both successfully are rare -being the builder is high road realtor the low road builders that get tired and old become realtors
The next problem is the market has held up throughout the QT period, by midyear or end of year we will be back to QE.
2026? Lol congress takes off more time, summers, Nov, Dec.. gross!
SHADOW CONCESSIONS AND HOW YOUR VIEWERS CAN GET THE CONCESSIONS THEY DESERVE ---- Hope you'll do a youtube just dedicated to this someday........and buyers need to feel empowered to walk away from bad deals without appropriate concessions.
UT builders have huge incentives…free basements built, closing costs etc. prices have come down but not fast enough. Outrageously overpriced. And massive high density living everywhere. It seems that is their solution. Keep rates high but offer smaller sized homes. We also have a large smart city going up this year. Is it all past of agenda 2030? Own nothing? That where the worry is… will it become harder to obtain a mortgage loan if we as consumers wait?
The crash bros and Melody are Saviors. Listen to them and you will not lose your ASSetts in the near future
Homes & automobiles can be a money pit with all the cost of ownership!!
A lot of people have an interest in keeping the housing market propped up.
Travis, you seem really sincere in helping people and it's one of the reasons I am subscribed to your channel. However, I have a different perspective on home ownership. I understand for most people it is emotional but personally I make efforts to take out the emotionality of buying a home. I sold short sales in the GFC and when it came down to the bottom line, it was business. The banks did not lose out on the predatory and subprime loans they gave out that impacted millions of homeowners. Indeed, contracts were broken and although buyers signed on the dotted line they didn't know what they were signing up for. Education is key to what you are doing here. It's like they say if we don't learn from history we are doomed to repeat it. There is absolutely nothing wrong with renting or being a renter. In my market in SoCal rn, it is cheaper to rent than buy.
What is happening happens like clock work ⏰ . EVERY state goes through a real estate cycle. With or without the Fed’s intervention. What goes up, must come down.
Denver for example reflects a 7 year cycle. Areas like Vegas, Florida, Arizona & parts of Texas are a 4-5 yr cycle. We saw most areas began appreciating last quarter of 2013. That puts most areas at the peak of their cycle in 2020 which it started falling but then covid hit which put a foreclosure moratorium in place. Also called a delay. If the government did not mess with the normal market cycles we would already be in a crash which is better known as a correction. The markets always correct themselves, if left alone.
2024 is 11 years after the up cycle which is 4 years over due for normal growth cycles. The downturn most likely will be worse than if the government would have let the natural order take place. 2024 will become the start of a flood of inventory. Not because people decide to finally make that move but because they can’t afford the financial stress of the overall market. As inventory rise so does competition. Prices will drop proving anyone who bought since 2001 are upside down on their mortgage. Their down payment are already gone.
38 years of experience as a high volume producer talking here.
When all the housing and economic data and statistic are false, how can people possibly make intelligent financial and future decisions? Most people have given up.
"Between Two Plants"
😂
just build your own home, it will be better decision ever.
New home builders here in the midwest don't want to drop the price to make a sale. They want to give you money on the back in order to keep the prices showing steady or up. It's a cover up
You guys should start a web site showing the real info, you might be millionaires after that.
😂😂😂😂😂😂😂
Mortgage 5000
Utilities 600
Car insurance 2000/y
Health insurance 1500/m
Groceries 2000
Phone + internet 250
Car payment 500
You name it and continue who is going to afford this ????😂😂😂😂😂😂🇺🇸🇺🇸🙊🙉🙊🙉🙊🙉🙊🙉worst than 2008
Hello Travis, community.
I'd like to see if you could talk on one of your videos what is the incentive for "seller" concessions. It seems to me that getting a lower price (for instance a house for 500k instead of 550k + 50k of post-sale consencions) is far more advantageous for the seller and the buyer. For one, the commissions for realtor would be on 500k instead of 50k. So as a seller and a buyer, I would prefer to have a full sale for 500k with no concessions that one for 550k and then 50k in concecions. It is not just commission though, the seller might be liable to pay taxes on capital gains on the property in certain cases and the buyer would be stuck paying a higher yearly property tax because the property is assessed at a higher value. Finally, the mortgage of the house would now be for 550k - downpayment as opposed to 500k - downpayment so even the bank gets more in interests rate.
I do realize there might be reasons in which the concessions might help lubricate the deal or perhaps the seller has a dozen properties in the area and would not like the rest of the properties to be assessed at a lower price. But I don't understand why this is so widespread overall, to me, mathematically it does not make sense. Is this another case of people doing silly things that ultimately harm them? Or am I missing something else. Could you please go over this in one of your videos?
Thanks, appreciate your post.
Keyboard punchers are no longer needed
What sort of mic are you both using?
Lindsey Graham looks like an old woman in that thumbnail 😂
🎉😊
FP. Always a happy day when hearing from you
Prayers 🙏🏼are never corny, thanks for all you do Melody and Travis!
Thank you guys for all you are doing. Homebuilding Giants are motovated by GREED.... But now Father God IS "Building" His Own irresistible Development....and He's gonna use it to CLEAN HOUSE!!!
Election year, everyone’s going to get bailed out
Hi Travis
Come❤To❤Miami
Still waiting for that upper midwest video to drop... Minnesota, Wisconsin, Illinois.. even if there isn't ground breaking news to report, I feel like you forgot about us..
Fuk it I would make a building company and keep undercutting as a race to the bottom intentionally
See, even the government wants to thank them for the hard work they do. Everyone should be taking advantage of the great deal with new homes. Save yourself the money on an inspection because there is nothing to worry about, the builder does a more thorough inspection anyways
All the things you don't want to do. I hope you guys can respect Johnny's reverse trolling.
HEY
Let's go!!! Love you Volvo!
LOVE YA BACK!@@realestatemindset
Hey
Iam. Thank you for being here from the very begginging
@@realestatemindsetyes sir you are welcome. When information is good I am always willing to stay and listen. Continue to give or Lord and Savior Jesus all the praise, honor, and Glory, because without Him we are nothing and can do nothing.
Let’s get absolutely bonkers
Steve! So great to see you man. Your making my morning
@@realestatemindset the pleasure is all mine brother Travis!👍😊
Why should builders help with bullshit realtor data they are on their side not the builders?