The supply is low because of the mortgage forbearance and eviction moratoriums.. When all of that ends (and I can't see how it cannot end) .... supply going to be really high?? Why do they just totally skip over this obvious thing?
Maybe! Banks are working with borrowers and many are in forbearance because they can and even if half end in foreclosure demand is high where I don’t think will see a price adjustment.
yep just wait till the forebearance maturity ends. Nobody is selling there house right now, they are staying in there houses as long as they can until the banks kick them out. Youll see just wait till mid 2021 to 2022.
I can wait until 2022. No problem. Banks will earn their money regardless. To work with borrowers on mortgage forbearance is what they have to do due to the virus. It is not banks’ nature though.
NAR and Realtors have two mottos as marketing agents:"Now's the time to buy" and "Pride of ownership." Buy when it works for you and never let a Realtor/agent give you economic forecasts as they are not Economists, finanical planners, CPAs or appraisers.
@@jonathangomez1766 In over 67 home, investment transactions, I have yet to meet an/a agent/Realtor/Broker who was an honest, ethical and "do what's good for the client" type. They are nothing more than "transaction engineers."
@@billybob6469 Bob, yes they were but you didn’t have this extreme of supply and demand scenario. It’s going to be another big year for appreciation in the housing market.
@@daynescott1 I mean not sure where your at but where I live there building houses everywhere it seems and tracks too guess we’re gonna have to just wait and see I just feel the demand thing is not really a good argument because demand was high before every crash and saying rates are at all times low makes no sense either as they were before as well to me seems like same cycle lowering and lowering rates before even this pandemic was also a red flag if everything was good there’d be no need to lower
All you have to do is look at Zillow. Check the listing price and date ... then the sales price & sold date. You can wait if you want ... you could miss out. Housing has allowed me to retire 26 yr's ago!!! And put HUNDREDS of thousands of $$$$$$$ in my families pockets!!!
@@HateTheIRS well, i can give you an example. A friend of mine bought his house in 2005 for just over a million dollars. He sold it in 2019 for $835k. Thats actually typical in my state.
@@Corkfish1 interesting. I actually hope there is a housing bubble. Would be good for me when investing. What state you in, NYS? Thanks for the response. 👍
@@HateTheIRS Actually I live in Ct. Right now the only place you can get a good deal are places like NYC. Prices have come down a lot! This looks a lot like the other real estate bubbles Ive lived through and people who were patient and waited were rewarded with once in a lifetime opportunities. That said, who knows, maybe this time is different.
@@Corkfish1 my once in a lifetime opportunity was back in March! I started investing in September. I could’ve started earlier but I never got around to it. That keeps me up at night, missed opportunity. I’m only 19 so I’ve got time on my side. Like you said, who knows! You said that housing prices are down in NYC, I thought about real estate, but I just don’t have the skills for that. Maybe one day. Anyway thanks for the advice.
prices will go down within a year id never buy right now asking a realtor if its good time to buy is like asking alcoholic if its good time to have a drink lol
Prices are definitely not going down in 2021 I guarantee that. Maybe in 2023. The fed are keeping interest rates very low so demand will be at all time highs. If you can’t buy this year I’d hold off and wait a few more years until the market corrects itself.
@@daynescott1 maybe your right i just definitely wouldn't buy now i know half my friends are getting evicted in march though so i feel like alot of landlords might just sell those properties cause there wont be a ton of reliable renters to replace them could see this having an effect on pricing but thats just my two cents
@@carmens1996 I hear you, but honestly pricing will only keep going up for the next several years like I mentioned because of the low rates and super high demand. My phone has been ringing off the hook with people trying to buy it’s overwhelming because there is no inventory on the market.
@@daynescott1 time will tell i guess i wanted to buy in march but im in Colorado and houses have multiple offers same day they go on the market here! im gonna wait it out i remember seeing houses selling for over half off in 2010-2012
@@carmens1996 Id get in as soon as you can because it’s going to keep going up for the next two years possibly the next 3 years. Rates are going to remain low which will push buyer demand up higher. Plus there is no supply on the market, like you mentioned there have been multiple offers even in Colorado lol it will only get harder and more expensive unfortunately. When houses were half off like you mentioned in 2010-2012, that was due to a “financial recession” not a pandemic. The government will not let that happen ever again because big corporations and people with money bought up all the housing. Hence why they are now doing forbearance and protecting renters from being evicted. I’m just truly trying to help you out. People always say I’m going to wait and then they get screwed because housing won’t decrease as much as you think. There are too many people living here that want to own and not rent just like you. I’m going to comment and respond back on this thread in two years to you and let’s see what happens. Happy holiday!
It is for me. Rent zestimates are at least $400 more than the mortgage payment. Tiny run down one headroom apartment rents rose to above a 180k houses mortgage.
DFW is overcrowded witj listings and about 50-60% of those listings are reporting a price DECREASE, because brokers do not want to keep them on the market too long
And this is exactly why Im trading GHIV, which will merge next month to become United Wholesale Mortgage Corp. For the 16th time this year they have slashed interest rates on mortgages which is extremely bullish for these real estate stocks. Pre-merger it is already up 40%!
Opendoor, Zillow. Oh and did I mention? Using a real estate agent is 100% optional, and has been for years. And there’s no defined rate agents make; everything is negotiable.
Home Builder's since the 2008 crash refused to build entry-level homes due to their claims of expensive land, materials, and the lack of trained craftsman. Yet, they built upper-end homes because it was more profitable. In 2020, in addition to the 2008 MATERIAL issues, now they ADD the COVID excuse. It's truly time to automate the home building process, reduce 200-year-old residential zoning regs, and buyers and sellers make the RE Agents competitive by paying a flat fee for their "assistance".
This was absolutely incredible. So glad I didn't miss it. Though only 5 minutes, it offered the value and insight of a piece 10x that length. OH, MY MISTAKE: [SENTENCE #1: Please replace "absolutely incredible" with "a pathetically disguised advertisement. It certainly wasn't market or trend analysis. It looked like someone trying to drum-up business, and not very well. A complete waste of my time." SENTENCE #2: Please replace "So glad I didn't..." with "Was wondering with a friend, with story's like this, if this Show were to be cancelled would I..." SENTENCE #3: Please replace "10x" with "1/10,000x"] AGAIN, MY FAULT.
All the realtors are getting out of their investment properties that were rented out at ridiculous rates. But they create a different story for unsuspecting people who are frustrated or depressed with the state of their housing situation. Those who have bought after 2017 will need to make sure thier finances are in place and reduce the unwanted expenses. 2021 will be bloodshed, if govt stops feeding the market with fiat currency to inflate the stocks and real estate.
People are buying the homes because rates are at all time lows. They are taking advantage of the low rates because low rates means you can afford more homes. And rates will remain low for the next two years so expect prices to going up. I’m a lender and real estate agent. There won’t be a market correction until 2023.
@@daynescott1 Wrong about correction. Total value of home is est property value plus cost of borrowing....Once interest rates rise again guess what will happen to property value. Property value + Loan Intereste rate = Total cost of home. 30 year mortgage is about the cost of home and half right Dayne?
@@jpducati916 that’s right and it’s hard to predict. What I am trying to say is homes will only keep appreciating in 2021 and 2022. Rates won’t increase any time soon or it would mean death to our economy. I’m currently swamped doing loans and doing pre-approvals for borrowers. There is hardly any homes on the market and in CA where I live there are multiple offers on basically every home. A lot of borrowers are making offers over asking price and I don’t see this changing unless rates increase or there’s a flood of new inventory for sale.
Wait till the foreclosure and evictions have started with mortgage and banks. There will be a catastrophic episode happening and realtors are going to be out of business b/c private investors are leaving the mortgage investments.
All the realtors are getting out of their investment properties that were rented out at ridiculous rates. But they create a different story for unsuspecting people who are frustrated or depressed with the state of their housing situation. Those who have brought after 2017 will need to make sure thier finances are in place and reduce the unwanted expenses. 2021 will be bloodshed, if govt stops feeding the market with fiat currency to inflate the stocks and real estate.
@@rkt81 it’s the low interest rates that are driving the home prices higher. Housing will continue going up in 2021 and 2022. The fed said they are keeping rates low for the next 3 years which will mean housing will only go up.
@@daynescott1 Its the rates and fomo pressure by realtors, with exact wordings how you put it, that triggers a irrational decision making for the unaware population. I specifically know the type of population that qualified for mortgage, with borrowed down payment and rigged numbers of applications to paint a rosier picture. They can manipulate the lender but themselves. The moment they miss even single monthly payment, the downfall will start from there, unless the government wants to use their magic wand and offer mortgage deferral options to avoid bringing distressed properties on the market to qualify for the sellers market ratio. It takes time for the real stress test to happen and people drain their resources. But its coming and its going to be much worse than people realise. Anyone who have speculated on real estate after 2017 with little to no wiggle room, will learn it the harder way.
@@rkt81 Negative and I strongly disagree. I know you want to think the worst of the situation but housing is in such huge demand and it will be until rates go up, which will be in years to come. People have already built a substantial amount of equity that even in 4 years if there is a small crash or market correction they will be fine. Nothing will ever be to the degree it was in 2008-2009. That was a “financial session” and banks were greedy allowing people to literally state their income and they would allow them to get a loan solely based on what they said or stated they made lol. How about this. In a few years I’ll respond back to this post and we will see which of us are correct. Like I mentioned, real estate will only go up for the next two - three years. 2021 is going to be another insane year where there will be multiple offers on homes so I would get in as soon as possible. Also, people like you said that housing would crash in 2019 and for sure by 2020 and it’s only gone in the opposite direction. I will respond to this thread in another year and see what your thoughts are when housing is still thriving.
@@daynescott1 Is it because of extreme optimism, why govt has locked down the country, in the pretext of a very contagious and DEADLY virus, and distributing free cash and has banned all evictions and foreclosures. Come on man.. Who doesn't understand this whole stimulus is exactly a bail out of all zombie businesses, that are not even covering the cost of utilities in most cases. Thy tried their best to create a all is well scenario in last 6 months letting anyone smart enough to consolidate their debts, since all will have enough equity at current asking prices, and come out clean if distressed, before they pull the rug from under. I challenge the government to lift the bans on evictions and foreclosures, if they are confident all is fundamentally sound. Lets see how many territories, will be in negative territory or atleast back to 2016 level prices within 3 to 6 months.
well middle class, i rather rent then buy, Why? because one property Taxes Keep going up, two why would i do a 30 year mortgage on something i might not even make or pay off. Just do yourself a favor and rent instead of buying unless of course you got nice job and less debt.
If the world has more people like save hackbywilliams on IG it would definitely be a better place you surely make a difference ma you are best
The supply is low because of the mortgage forbearance and eviction moratoriums.. When all of that ends (and I can't see how it cannot end) .... supply going to be really high?? Why do they just totally skip over this obvious thing?
Hahha , right, always
Agree
Maybe! Banks are working with borrowers and many are in forbearance because they can and even if half end in foreclosure demand is high where I don’t think will see a price adjustment.
yep just wait till the forebearance maturity ends. Nobody is selling there house right now, they are staying in there houses as long as they can until the banks kick them out. Youll see just wait till mid 2021 to 2022.
I can wait until 2022. No problem. Banks will earn their money regardless. To work with borrowers on mortgage forbearance is what they have to do due to the virus. It is not banks’ nature though.
I'm buying Boardwalk and Park Place.
Rookie mistake. Team Orange. All the ways to end up in Jail with dual dice probabilities favoring 6, 7, 8. Just like real life.
You're welcome Sheps!!! Any time!!!!
NAR and Realtors have two mottos as marketing agents:"Now's the time to buy" and "Pride of ownership."
Buy when it works for you and never let a Realtor/agent give you economic forecasts as they are not Economists, finanical planners, CPAs or appraisers.
Just remember, there are some realtors out there who have the best interest for their client. Always go with someone you trust.
@@jonathangomez1766
In over 67 home, investment transactions, I have yet to meet an/a agent/Realtor/Broker who was an honest, ethical and "do what's good for the client" type. They are nothing more than "transaction engineers."
It’s going to be a crash.
Hell naw!!!
Not in 2021 that’s for sure. Demand is at an all time high and rates are at historic lows. No way is there going to be a crash.
@@daynescott1 weren’t they low rates when they crashed last time?
@@billybob6469 Bob, yes they were but you didn’t have this extreme of supply and demand scenario. It’s going to be another big year for appreciation in the housing market.
@@daynescott1 I mean not sure where your at but where I live there building houses everywhere it seems and tracks too guess we’re gonna have to just wait and see I just feel the demand thing is not really a good argument because demand was high before every crash and saying rates are at all times low makes no sense either as they were before as well to me seems like same cycle lowering and lowering rates before even this pandemic was also a red flag if everything was good there’d be no need to lower
Yeah yeah yeah.. realtors always trying to create a fear of missing out.
I interned for a broker one summer. He always said to the realtors "create a sense of urgency". I couldn't get into the manipulation game...
They are the worst.
All you have to do is look at Zillow. Check the listing price and date ... then the sales price & sold date. You can wait if you want ... you could miss out. Housing has allowed me to retire 26 yr's ago!!! And put HUNDREDS of thousands of $$$$$$$ in my families pockets!!!
@@reseller7 Thanks realtor
@@erickbarbosa5476 I let my license go 20 yr ago. My home has appreciated more than 1,000,000
Saw the same thing in 1986 and in 2006.
Was it right?
@@HateTheIRS well, i can give you an example. A friend of mine bought his house in 2005 for just over a million dollars. He sold it in 2019 for $835k. Thats actually typical in my state.
@@Corkfish1 interesting. I actually hope there is a housing bubble. Would be good for me when investing. What state you in, NYS? Thanks for the response. 👍
@@HateTheIRS Actually I live in Ct. Right now the only place you can get a good deal are places like NYC. Prices have come down a lot! This looks a lot like the other real estate bubbles Ive lived through and people who were patient and waited were rewarded with once in a lifetime opportunities. That said, who knows, maybe this time is different.
@@Corkfish1 my once in a lifetime opportunity was back in March! I started investing in September. I could’ve started earlier but I never got around to it. That keeps me up at night, missed opportunity. I’m only 19 so I’ve got time on my side.
Like you said, who knows!
You said that housing prices are down in NYC, I thought about real estate, but I just don’t have the skills for that. Maybe one day.
Anyway thanks for the advice.
Fakest news I’ve ever seen
Please God postpone the crash until Jan 2023
What About forbearance ? Eviction? Supply rise ?
prices will go down within a year id never buy right now asking a realtor if its good time to buy is like asking alcoholic if its good time to have a drink lol
Prices are definitely not going down in 2021 I guarantee that. Maybe in 2023. The fed are keeping interest rates very low so demand will be at all time highs. If you can’t buy this year I’d hold off and wait a few more years until the market corrects itself.
@@daynescott1 maybe your right i just definitely wouldn't buy now i know half my friends are getting evicted in march though so i feel like alot of landlords might just sell those properties cause there wont be a ton of reliable renters to replace them could see this having an effect on pricing but thats just my two cents
@@carmens1996 I hear you, but honestly pricing will only keep going up for the next several years like I mentioned because of the low rates and super high demand. My phone has been ringing off the hook with people trying to buy it’s overwhelming because there is no inventory on the market.
@@daynescott1 time will tell i guess i wanted to buy in march but im in Colorado and houses have multiple offers same day they go on the market here! im gonna wait it out i remember seeing houses selling for over half off in 2010-2012
@@carmens1996 Id get in as soon as you can because it’s going to keep going up for the next two years possibly the next 3 years. Rates are going to remain low which will push buyer demand up higher. Plus there is no supply on the market, like you mentioned there have been multiple offers even in Colorado lol it will only get harder and more expensive unfortunately. When houses were half off like you mentioned in 2010-2012, that was due to a “financial recession” not a pandemic. The government will not let that happen ever again because big corporations and people with money bought up all the housing. Hence why they are now doing forbearance and protecting renters from being evicted. I’m just truly trying to help you out. People always say I’m going to wait and then they get screwed because housing won’t decrease as much as you think. There are too many people living here that want to own and not rent just like you. I’m going to comment and respond back on this thread in two years to you and let’s see what happens. Happy holiday!
“It’s still cheaper to buy than to rent.”
Ill mention that to a friend of mine who bought his house in 2005 for just over a million. He sold it last year for $835k.
@@Corkfish1
Yes and Enron represents the stock market.
And every Chinese stock is Luckin Coffee
/s
@@danielliu8735 yeah, its different this time!
It’s cheaper for me to rent vs buy.
It is for me. Rent zestimates are at least $400 more than the mortgage payment.
Tiny run down one headroom apartment rents rose to above a 180k houses mortgage.
i will wait. haha what goes up most come down!
Then u need to wait for a really long time. Maybe once rainbows become black and white
@@djvtl lmao what till 2022 longest it will come down
its going to crash he is just trying to sell like every realtor does
Let’s ask a realtor about the real estate market! ....rainbows & unicorns!
Pumping up the real estate bubble bigger
DFW is overcrowded witj listings and about 50-60% of those listings are reporting a price DECREASE, because brokers do not want to keep them on the market too long
PURE GARBAGE...
And this is exactly why Im trading GHIV, which will merge next month to become United Wholesale Mortgage Corp. For the 16th time this year they have slashed interest rates on mortgages which is extremely bullish for these real estate stocks. Pre-merger it is already up 40%!
I took the risk dealing with hackbywilliams and finally ended up with a grate testimony
How do I find this company?
How do I find hackbywilliams ?
AMAZON, ZOOM, FACEBOOK, NVIDIA, FedEx
May them burn in hell !!!
Can't wait for the tech sector to use automation to destroy the gross margins real estate agents make.
Opendoor, Zillow.
Oh and did I mention? Using a real estate agent is 100% optional, and has been for years.
And there’s no defined rate agents make; everything is negotiable.
Lol machines can't pick a lemon yet much less substitute a construction worker.
Home Builder's since the 2008 crash refused to build entry-level homes due to their claims of expensive land, materials, and the lack of trained craftsman. Yet, they built upper-end homes because it was more profitable. In 2020, in addition to the 2008 MATERIAL issues, now they ADD the COVID excuse. It's truly time to automate the home building process, reduce 200-year-old residential zoning regs, and buyers and sellers make the RE Agents competitive by paying a flat fee for their "assistance".
What is your opinion of upcoming foreclosures compared to 2007.... any chance of people being underwater again and just walking away?
Says the guy that never swing a hammer
This was absolutely incredible. So glad I didn't miss it. Though only 5 minutes, it offered the value and insight of a piece 10x that length.
OH, MY MISTAKE:
[SENTENCE #1: Please replace "absolutely incredible" with "a pathetically disguised advertisement. It certainly wasn't market or trend analysis. It looked like someone trying to drum-up business, and not very well. A complete waste of my time."
SENTENCE #2: Please replace "So glad I didn't..." with "Was wondering with a friend, with story's like this, if this Show were to be cancelled would I..."
SENTENCE #3: Please replace "10x" with "1/10,000x"]
AGAIN, MY FAULT.
Will you guys talk of the millions going to other countries. That's why the bill isn't signed among other unnecessary expenses.
All the realtors are getting out of their investment properties that were rented out at ridiculous rates. But they create a different story for unsuspecting people who are frustrated or depressed with the state of their housing situation.
Those who have bought after 2017 will need to make sure thier finances are in place and reduce the unwanted expenses.
2021 will be bloodshed, if govt stops feeding the market with fiat currency to inflate the stocks and real estate.
Wow...sounds like many countries rn at this time. Heading to rural areas.
what a letdown. I click on this video to see the gold jacket.
We are headed for a bigger crash then 2008!
WHO'SE BUYING THE HOMES??? LOW INTEREST RATES CAUSE HIGH HOUSING PRICE AND LOW BOND YIELDS. POP GOES THE BUBBLE.
People are buying the homes because rates are at all time lows. They are taking advantage of the low rates because low rates means you can afford more homes. And rates will remain low for the next two years so expect prices to going up. I’m a lender and real estate agent. There won’t be a market correction until 2023.
@@daynescott1 Wrong about correction. Total value of home is est property value plus cost of borrowing....Once interest rates rise again guess what will happen to property value. Property value + Loan Intereste rate = Total cost of home. 30 year mortgage is about the cost of home and half right Dayne?
@@jpducati916 that’s right and it’s hard to predict. What I am trying to say is homes will only keep appreciating in 2021 and 2022. Rates won’t increase any time soon or it would mean death to our economy. I’m currently swamped doing loans and doing pre-approvals for borrowers. There is hardly any homes on the market and in CA where I live there are multiple offers on basically every home. A lot of borrowers are making offers over asking price and I don’t see this changing unless rates increase or there’s a flood of new inventory for sale.
Price go up on homes bank will fail.
Bot running the show because of listing on zillow
Wait till the foreclosure and evictions have started with mortgage and banks. There will be a catastrophic episode happening and realtors are going to be out of business b/c private investors are leaving the mortgage investments.
All the realtors are getting out of their investment properties that were rented out at ridiculous rates. But they create a different story for unsuspecting people who are frustrated or depressed with the state of their housing situation.
Those who have brought after 2017 will need to make sure thier finances are in place and reduce the unwanted expenses.
2021 will be bloodshed, if govt stops feeding the market with fiat currency to inflate the stocks and real estate.
@@rkt81 it’s the low interest rates that are driving the home prices higher. Housing will continue going up in 2021 and 2022. The fed said they are keeping rates low for the next 3 years which will mean housing will only go up.
@@daynescott1 Its the rates and fomo pressure by realtors, with exact wordings how you put it, that triggers a irrational decision making for the unaware population. I specifically know the type of population that qualified for mortgage, with borrowed down payment and rigged numbers of applications to paint a rosier picture.
They can manipulate the lender but themselves. The moment they miss even single monthly payment, the downfall will start from there, unless the government wants to use their magic wand and offer mortgage deferral options to avoid bringing distressed properties on the market to qualify for the sellers market ratio.
It takes time for the real stress test to happen and people drain their resources. But its coming and its going to be much worse than people realise. Anyone who have speculated on real estate after 2017 with little to no wiggle room, will learn it the harder way.
@@rkt81 Negative and I strongly disagree. I know you want to think the worst of the situation but housing is in such huge demand and it will be until rates go up, which will be in years to come. People have already built a substantial amount of equity that even in 4 years if there is a small crash or market correction they will be fine. Nothing will ever be to the degree it was in 2008-2009. That was a “financial session” and banks were greedy allowing people to literally state their income and they would allow them to get a loan solely based on what they said or stated they made lol. How about this. In a few years I’ll respond back to this post and we will see which of us are correct. Like I mentioned, real estate will only go up for the next two - three years. 2021 is going to be another insane year where there will be multiple offers on homes so I would get in as soon as possible. Also, people like you said that housing would crash in 2019 and for sure by 2020 and it’s only gone in the opposite direction. I will respond to this thread in another year and see what your thoughts are when housing is still thriving.
@@daynescott1 Is it because of extreme optimism, why govt has locked down the country, in the pretext of a very contagious and DEADLY virus, and distributing free cash and has banned all evictions and foreclosures.
Come on man..
Who doesn't understand this whole stimulus is exactly a bail out of all zombie businesses, that are not even covering the cost of utilities in most cases. Thy tried their best to create a all is well scenario in last 6 months letting anyone smart enough to consolidate their debts, since all will have enough equity at current asking prices, and come out clean if distressed, before they pull the rug from under.
I challenge the government to lift the bans on evictions and foreclosures, if they are confident all is fundamentally sound. Lets see how many territories, will be in negative territory or atleast back to 2016 level prices within 3 to 6 months.
3:00 100 stranger families?? Good job on covid spreading lolll
3D printed homes will help reduce home prices soon possibly i n 2022-2024
This means RKT will be surging soon!
Lol this guy just called salt lake rural area
A Zoom Room.... lol. This guy should be on the street w zero income
well middle class, i rather rent then buy, Why? because one property Taxes Keep going up, two why would i do a 30 year mortgage on something i might not even make or pay off. Just do yourself a favor and rent instead of buying unless of course you got nice job and less debt.
You ain’t never lied..... prop taxes here in Illinois are outrageous
@@kentrobinson2829 100%