Homes are so extremely overpriced that even when rates come down, even when price reductions take place, even when sellers pay buyers’ realtor commission, they are still way out of reach for the vast majority of us .
The rates aren’t going to come down ! they’ve broken that old model of the last 20 years. Unless you want to buy down the rates and that will be costly. just how effective can that be longterm. Values will be forced to the mean. It will take time but it will happen
Oh, that is so spot on that is why they’re going up again so they can fake the buyer out that it’s a great price even though it’s still $100,000 over the high price of the end of 2023 what a corruption!!!!!
MITCH VEXLER RUclips channel explains it all! there’s a circuit to keep the housing prices up so the assessors can up the property taxes so the homeowners insurance can up that The municipalities and the superintendent of the districts are part of it too ! I just wanna know what type of relationship does Washington politicians have with NAR This needs to be deep dived into an investigated also!
We HAVE derailed, as a society!! The homes we grew up with, are now called starter homes? I HATE when anyone says that! Our parents raised families in these homes. Now, they’re not good enough for today’s buyers??? Oh brother!! And many have lived in their homes for 40-50 years! That simply demonstrates “stability” to me. I personally love that!
I have been downsizing most of my life. Had larger houses but got sick of being a slave to maintenance, property taxes, insurance. We also lived in Japan many years ago, much smaller homes but very comfortable, simple.
I am so sick of seller real estate agents playing game with home sales in CA. They would list homes below market prices just to get buyers to look at open house then take the highest bid so what is the point to even put a listing price. Just sickening games to buy a home here in CA.
The point is...the agents are cleaning up with commissions doing it this way. They dont list a property for anybody else but themselves to make $$. puggy you are making the mistake that a real estate agent gives a rip about you. They are gonna' do whatever it takes to sell a property including deception.
Just get a good real estate lawyer to complete the transaction for you for a flat fee, or just do a little research and sell the house yourself. Anyone with an average level of intelligence can complete the deal, saving themselves tens of thousands of dollars!
I just think anyone in the market to buy a home right now really needs to go back in the property's history. See what was paid for the home and the year it last sold. I wouldn't even look at homes that sold between 2019-2024 unless you can see when that home sold prior to those years. Plug in the old purchase price into a home appreciation calculator with 5%- 6% per year appreciation and that's what you should be paying. If you absolutely have to have it you can adjust the percentage up a bit. DO NOT OVER PAY FOR SOMEONES MISTAKE especially for those who way overpaid over the last several years. Real estate is funny and can have huge swings especially in a recession that has constantly been toyed with and especially during times of extra high inflation.
Thank you for bringing up this video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. Thanks to Jasmine Harvey the lady you recommended to me!
Todd, I want to thank you for the amount of knowledge you have provided me in the last 2.5 years. I called your company for a realtor referral in Houston and it was great. The agent was very patient with us and after passing up well over 25 houses, we found exactly what we wanted for well under the median home price here in Houston, TX. It was a lot of work/research but well worth it. Your teachings has allowed us to prepare like we did and we were lucky enough to buy without a mortgage. THANK YOU!!
@@kellyname5733 I think you missed the point. The Idea of the United States Of America is by definition a Social experiment. But what you missed is that is Anchor on MSNBC Tim Russert who coined the phrase " Blue state and Red States." in the 2000's. Before then we were the United States. Let that sink in. Of which Corporations and retirees were the ones receiving any kind of socialism. I don't care if you are socialist or a capitalist. Just leave me and my spouse alone. And treat me/ us fairly. In return I will do the same.
I own some land in punta gorda . I just want to build a simple 2 bed room house with no pool. Either builders don’t answer or they quote me 400k+ to build
Do your homework, owner build, hire a project manager. You will be amazed how much money you can save have the manager handling you project👍 Builders are adding 40%, crazy high cost! From a family of builders who operated on 20% for decades.
In Naples, for a 2k sq ft house (total), builders want $900k+ (with pool)...but go 10miles inland, they will build for $600k. They quote according to your status (ie. zip code where you want to build and they all prefer 'investors'). 10 mile difference in distance, same labor cost, same material cost....fair? I dont think so. Owner builder would be much cheaper but if you want finance, it maybe an issue.
Yes. I looked at a vacation property at the beach and the HOA dues alone was almost 50% more than the mortgage. No thanks. Getting a rental for a week is much more cost effective
I wish North Idaho would do what Texas and Florida did.North Idaho got ruined by all the Californians and other moving here, paying over asking price. It just drove prices up. It made it to where people that lived here their whole life can't afford a home. The implants are like a parasite.
@steveosmonson6535 he is a Washington apple maggot. What's weird,probably 15-20 miles west of CDA Idaho in Liberty lake homes are 50,000-100,00 cheeper from the same home builder.
Gentrification happens ALL OVER THE WORLD. Idaho is not the first state to have a big influx of people moving in. It is just the way the world is right now. It has happened to everybody over the age of 20. It's not going to change. What was it that TX and FL did?
Raising my kids in the 90s, I noticed that the adults with the least money back then spent the most on their kids. Christmas, birthdays, just because they wanted it….Now those kids are adults and a lot of them think they should have what they want, not because they deserve it through hard work, but because…just because. I guess we could blame this on social media, but I think my generation of parents neglected to teach their kids about money. Maybe we won’t have electricity next week, but you want that new XBox, honey?
Respectfully, I’m not sure how this relates to the current state of our housing crisis. No doubt some folks overspend, but that’s got nothing to do with the FACT that housing is unaffordable. Yes, you are a boomer and your “hard work” 😂 was a lot more valuable. You degree (if you even have one) cost almost nothing and had value. Today a degree is almost worthless in many fields and a young adult is left with massive debt. I guess you made over 100k/ year out of college?? Bc that’s what it takes to qualify to rent in my area. Stop blaming the younger generation and just be thankful you are a silver spoon, everything handed to you on a silver platter boomer. Thanks for the national debt and for the politics that I’ve gotten us into this mess! But yeah, keep blaming the kids 😂😂😂
I’m in Seattle and looking to buy a condo under the 4k amount. I’ve noticed that sales have stalled and prices are dropping a little bit. Do you think this will continue in the spring?
TRUMPWIN...ARE YOU PAYING ATTENTION??? NOBODY SHOULD BE BUYING A CONDO WITH HOA FEES!!! You will never know how much those fees will increase and just know THEY WILL INCRE EVERY YEAR. You need to rewatch the video.
As opposed to the last 4 years? Have you been paying attention? Trump wants deregulation, and the housing market has suffered, some would say the most, and could greatly benefit from deregulation.
House sellers still think interest rates are 3% and inflation hasn't wiped out a massive chunk of the first time buyers. These poor sellers are about to get a first hand lesson in supply and demand.
Just like in the stock market you don't actually make money until you sell (or buy to cover if you are short) unrealized gains in housing is just that. It can disappear ... just ask those folks that bought houses in 2005, 2006, and 2007 at the top of the market. What did they do when they were underwater? They walked away and gave the keys back to the bank.
Did you mean Louisiana? Your comment does not make any sense. I think you meant you have driven thru LA to TX and have seen trash in TX?? What do you mean "seen trash"?? Americans are lazy and throw trash everywhere.
Good info. My takeaway is that if you believe climate change is real then don’t buy in the south east. If you believe climate change is a hoax then there might be some good buying opportunities if you got the money. Insurance costs going up big time.
Homebuilders like TOL and Lennar are in serious trouble. Folks just haven't figured it out yet. And if you are a rich individual that wants to build a house you are already too late. The folks that build houses are about to be deported.
Todd great show but can you be more transparent on the true aspect of the building cost? Framing a house in 1980 vs framing the house in 2024. By how much does it cost? Secondly what does it mean to afford a house on the west coast vs east coast? Will the carpentar get paid more in Texas vs Florida? What about all the immigrant labour who push the building costs down? Can you really compare 1980s to now? What people understand is you cannot afford to buy a house at 320,000$ when that house 1200sqft One bed one bath single ranch style should be about 80,000$. With the coming tariffs on framing lumber it may be wise to consider tiny homes and change the zoning to allow them and create a new insurance for that housing type. Rents are higher than mortgages right now, and there is such a demand for houses....that even the mobile homes are going for the price of a single family house. There needs to be a housing reset....and the elephant in the room is how will the new green environment movement agenda cause the energy cost to go higher which make affordibility out of reach. Will houses built in 2024 be solar panel ready ? Will the new cooling systems and heating system be carbon neutral? Will houses in 2024 me made with American made nails and not chinese made drywall screws from Home Despot? Young people will have to make a choice do they spend their 20,000 $ college fund on a brand new or used car or truck or can put that 20,000$ down on a Bank owned foreclosure thats been sitting empty and gutted for the scrap metal plumbers copper pipes and aluminum gutters of that 1980s house.....and retro fit and re build it like a phoenix to the new american green housing of 2025.....the truth is coming out...about .all those fortunes made from swinging the hammer in 1980s florida housing boom. Another generation needs to get back down there and repair the damage. So let them take those houses....back from the Big Short wolves.
When I had my home built in 2017 my insurance was $370. Now it's $1,200. I live in Utah. I used to have earth quake insurance, but they no longer offer that at any insurance company here. So it's not like I'm insuring against any particular hazard. It's RIDICULOUS! In effect the insurance companies are making the rest of us pay for the places like Ca who have had so many wild fires. Sure repair costs are up, but 300%?
I live in the Austin suburbs and days on market are already starting to drop. My agent tells me that buyers are talking about Tesla, X, etc planning big expansions all around Austin but not within city limits.
Short term rentals are dead because no one has money anymore for travel! Everyone is getting back to work, even though it means back in the office full time!
Thank You Lance and Mr. Sachs for all your work to given to inform People .. much appreciation and gratitude. I am curious about the appraisal methods being used for mortgages and insurance .. are they using USPAP? and if not .. what to do about it. I noticed a lot of "School Corridor" yellow signs popping up on every street corner throughout the town?/city? .. the schools are not "nearby" .. as in .. I thought those signs were meant for the immediate vicinity of a school as in the surrounding block .. if not then .. ?? .. well .. the whole city is a school corridor and why don't they just paint it into the stop signs and save some money? I am in Hull or Gatineau (*name depends on whether you believe in amalgamation or not😬🐰), Québec, Canada across the river from Ottawa. GodSpeed GodBless
With all the job losses continuing to happen, even accelerating the question I keep asking myself is how many Americans have six or 12 months in cash savings very few they live paycheck to paycheck next year should be interesting.
Your guest uses Zillow?? He's lazy and ignorant!! EVERYBODY KNOWS ZILLOW IS NOT ACCURATE..THE VALUE OF THE PROPERTY IS JACKED UP ON ZILLOW. This a huge reason folks did not sell their properties at a reasonable price because "Zillow says my property is worth $$$"
How about the west like California and Nevada? I live in New Mexico and I’d like to sell in early spring and moved to Nevada if the market doesn’t Shift down before his house. And move to Nevada and wait for the housing market shifts down to a better price to buy.
Not many places where the powerful live are crashing. Check Incline Village Lake Tahoe. Marin county Sf. The hamlets of NYC. San Jose? All still nice and rich
Anyone moving down South I.e. Florida from NY or NJ is getting a raise. They can afford it as their property taxes are insane. I say this despite the insurance increase.
I would caution folks moving down south. In 10 years it will be uninhabitable because of the multiple cat 3 or bigger hurricanes that come through every year.
Being that trees are the items for which homes are constructed a person could forecast a good economy by the growth rings of a tree. By the way, the back of the human eye has growth rings if you want to have kinship with the environment.
I’m Looking for a home With no HOA. Doe now my HOA has remained the same 14 years. Oh my is feels amazing to say I’ve been in my home with my children this long. Yes, I have a decent amount of equity, but I have the 2.86% interest rate. I have two minors left in the home. I was thinking of paying it off. Now I’m guessing not. Only to purchase a non HOA property to call forever home. Suggestions anyone?
over the next 30 years austin texas, huge parts of florida will just be fine. number of companies moving, READ the economic development reports on central texas its billions going in for the next 10 years.
Dude Todd where you been? I’m guessing doing some research! It’s been so much happening out here in the south especially in NC. They have plans to restructure housing to have low income. But it’s not really low income. They are gonna be like condos for rent and purchase. Them they having one building will be % of HUD housing… omg. 5 huge projects for developers. They also looking to put a sports plex, shopping center and hotel in one. This is gonna be a true situation like COVID times were but worse 🙆🏾♀️💆🏾♀️🙇🏾♀️
Jesus Todd, it’s ok to say women used to stay home, “homemaker” was literally on the census 😂 I felt so bad for you watching you clarify and try so hard not to offend. It’s appreciated but you have free speech and should be able to speak FACTS without worrying about being canceled. It’s just business. Poor guy 😂 Also, Louisiana and down south are projected to be borderline Sahara temps in the next 10 years. Insurance is going to naturally go way up considering the projections and housing prices down as industry keeps its distance. Unless one of those companies is water desalination and crops are shifted to low water consumption and high soil retention then Louisiana, Florida, NC and a lot of the south is going to go 2nd Dustbowl.
There is no shortage of homes they are being built everywhere some buiders cant' t sell them.There are apartment being built on every corner.Stop listening to these agent aka sales people.
Have you gone to actually seen new build home in person? They’re build like crap and so close to each other you could probably shake your neighbor hand through the windows.
Homes are so extremely overpriced that even when rates come down, even when price reductions take place, even when sellers pay buyers’ realtor commission, they are still way out of reach for the vast majority of us .
It was certainly be a process to return affordability to the housing market.
The rates aren’t going to come down ! they’ve broken that old model of the last 20 years. Unless you want to buy down the rates and that will be costly. just how effective can that be longterm. Values will be forced to the mean. It will take time but it will happen
Oh, that is so spot on that is why they’re going up again so they can fake the buyer out that it’s a great price even though it’s still $100,000 over the high price of the end of 2023 what a corruption!!!!!
MITCH VEXLER RUclips channel explains it all! there’s a circuit to keep the housing prices up so the assessors can up the property taxes so the homeowners insurance can up that
The municipalities and the superintendent of the districts are part of it too !
I just wanna know what type of relationship does Washington politicians have with NAR
This needs to be deep dived into an investigated also!
Exactly.
We HAVE derailed, as a society!!
The homes we grew up with, are now called starter homes? I HATE when anyone says that! Our parents raised families in these homes. Now, they’re not good enough for today’s buyers??? Oh brother!! And many have lived in their homes for 40-50 years! That simply demonstrates “stability” to me. I personally love that!
I have been downsizing most of my life. Had larger houses but got sick of being a slave to maintenance, property taxes, insurance. We also lived in Japan many years ago, much smaller homes but very comfortable, simple.
My parents never moved. Built a house in the 80’s and lived there this whole time
#7 - Lafayette, LA
#6 - New Orleans, LA
#5 - Naples, Marco Island, FL
#4 - Austin, TX
#3 - North Port, Sarasota, FL
#2 - Cape Coral, FL
#1 - Punta Gorda, FL
Thank you!
Thank you! Naples due to Florida hurricane and hurricane insurance.
10-30% decrease is even a joke when you consider the homes went up in price almost 300%.
Yep, but the Property Taxes ain't no joke they will not go down , especially if your in Texas !
Can we start talking about 70% off fire sales...mean even peter schiff said 80 to 90% is maybe going to happen...a massive overvaluaation!😊
Top 7 starts at 8:55
2 words for Louisiana: Flood Insurance! Same goes for Florida.
You left out the Texas Gulf Coast !
I am so sick of seller real estate agents playing game with home sales in CA. They would list homes below market prices just to get buyers to look at open house then take the highest bid so what is the point to even put a listing price. Just sickening games to buy a home here in CA.
Your first mistake is you are in CA 😂
Live big, pay big
The point is...the agents are cleaning up with commissions doing it this way. They dont list a property for anybody else but themselves to make $$. puggy you are making the mistake that a real estate agent gives a rip about you. They are gonna' do whatever it takes to sell a property including deception.
Just get a good real estate lawyer to complete the transaction for you for a flat fee, or just do a little research and sell the house yourself. Anyone with an average level of intelligence can complete the deal, saving themselves tens of thousands of dollars!
Funny how Americans are so divided when we have a uni-party. We are being played.
It's easier to fool someone out right , then those that were fooled ever admitting to being fooled !
That’s why Trump team was elected… votes against uni-party.
@@raybod1775 wake up sleeping beauty
I just think anyone in the market to buy a home right now really needs to go back in the property's history. See what was paid for the home and the year it last sold. I wouldn't even look at homes that sold between 2019-2024 unless you can see when that home sold prior to those years. Plug in the old purchase price into a home appreciation calculator with 5%- 6% per year appreciation and that's what you should be paying. If you absolutely have to have it you can adjust the percentage up a bit. DO NOT OVER PAY FOR SOMEONES MISTAKE especially for those who way overpaid over the last several years. Real estate is funny and can have huge swings especially in a recession that has constantly been toyed with and especially during times of extra high inflation.
That's very insightful, also due to inflation the 5-6% could be double but that's still way lower than current trend
Thank you for bringing up this video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. Thanks to Jasmine Harvey the lady you recommended to me!
Everyone needs a different stream of income, such as where one can invest some parts of his or her monthly salaries.
Investment is the best idea presently and without it, human struggles are worthless.
No doubt, Jasmine really has nice strategies and that has liberated my financial status. So funny remembering how I started!!!
No doubt!! I never knew she had gone viral. I decided to back up with her when we met at a conference meeting in New Jersey for the first time.
I'm really interested in this information, how can I reach out to her???
Trying to find a house or to be able to afford a house is a nightmare
Todd, I want to thank you for the amount of knowledge you have provided me in the last 2.5 years.
I called your company for a realtor referral in Houston and it was great. The agent was very patient with us and after passing up well over 25 houses, we found exactly what we wanted for well under the median home price here in Houston, TX. It was a lot of work/research but well worth it.
Your teachings has allowed us to prepare like we did and we were lucky enough to buy without a mortgage.
THANK YOU!!
OMG this comment. Thank you so much it made my day 🙏 Congratulations friend.
It's unfortunate that we have red and blue cities. Most people don't care. They just want to be left alone and treated fairly.
The Balkanization of the US is no accident.
Oh no vincepryor you are wrong. The amount of people that have adopted Socialism is growing. Dont fool yourself.
@@kellyname5733 it was adopted in the 1950s
@@kellyname5733 I think you missed the point. The Idea of the United States Of America is by definition a Social experiment. But what you missed is that is Anchor on MSNBC Tim Russert who coined the phrase " Blue state and Red States." in the 2000's. Before then we were the United States. Let that sink in. Of which Corporations and retirees were the ones receiving any kind of socialism. I don't care if you are socialist or a capitalist. Just leave me and my spouse alone. And treat me/ us fairly. In return I will do the same.
I own some land in punta gorda . I just want to build a simple 2 bed room house with no pool. Either builders don’t answer or they quote me 400k+ to build
Do your homework, owner build, hire a project manager. You will be amazed how much money you can save have the manager handling you project👍 Builders are adding 40%, crazy high cost! From a family of builders who operated on 20% for decades.
In Naples, for a 2k sq ft house (total), builders want $900k+ (with pool)...but go 10miles inland, they will build for $600k. They quote according to your status (ie. zip code where you want to build and they all prefer 'investors'). 10 mile difference in distance, same labor cost, same material cost....fair? I dont think so. Owner builder would be much cheaper but if you want finance, it maybe an issue.
Condos became too expensive, with super high HOA
Yes. I looked at a vacation property at the beach and the HOA dues alone was almost 50% more than the mortgage. No thanks. Getting a rental for a week is much more cost effective
Yup !!!!
I wish North Idaho would do what Texas and Florida did.North Idaho got ruined by all the Californians and other moving here, paying over asking price. It just drove prices up. It made it to where people that lived here their whole life can't afford a home. The implants are like a parasite.
Do you need a tiny violin?
Including Jay Inslee, good luck
@steveosmonson6535 he is a Washington apple maggot. What's weird,probably 15-20 miles west of CDA Idaho in Liberty lake homes are 50,000-100,00 cheeper from the same home builder.
@@mike-uw6wt you must be one of those implants,trying to turn Idaho into the shit hole you left
Gentrification happens ALL OVER THE WORLD. Idaho is not the first state to have a big influx of people moving in. It is just the way the world is right now. It has happened to everybody over the age of 20. It's not going to change.
What was it that TX and FL did?
When Charlotte prices going down.Houses are way overpriced. Salaries are low only the rich and outter town people got a chance
Same in Raleigh
Red states have these problems?
I thought it was only California
Raising my kids in the 90s, I noticed that the adults with the least money back then spent the most on their kids. Christmas, birthdays, just because they wanted it….Now those kids are adults and a lot of them think they should have what they want, not because they deserve it through hard work, but because…just because.
I guess we could blame this on social media, but I think my generation of parents neglected to teach their kids about money. Maybe we won’t have electricity next week, but you want that new XBox, honey?
Respectfully, I’m not sure how this relates to the current state of our housing crisis. No doubt some folks overspend, but that’s got nothing to do with the FACT that housing is unaffordable. Yes, you are a boomer and your “hard work” 😂 was a lot more valuable. You degree (if you even have one) cost almost nothing and had value. Today a degree is almost worthless in many fields and a young adult is left with massive debt. I guess you made over 100k/ year out of college?? Bc that’s what it takes to qualify to rent in my area. Stop blaming the younger generation and just be thankful you are a silver spoon, everything handed to you on a silver platter boomer. Thanks for the national debt and for the politics that I’ve gotten us into this mess! But yeah, keep blaming the kids 😂😂😂
I’m going to guess this person cannot afford the house they’re in if they had to buy it today.
I’m in Seattle and looking to buy a condo under the 4k amount. I’ve noticed that sales have stalled and prices are dropping a little bit. Do you think this will continue in the spring?
@@TRUMPWIN21 don’t trust those Techees folks.they will buy it over asking price.
It’s been happening since pandemic started.
TRUMPWIN...ARE YOU PAYING ATTENTION??? NOBODY SHOULD BE BUYING A CONDO WITH HOA FEES!!! You will never know how much those fees will increase and just know THEY WILL INCRE EVERY YEAR. You need to rewatch the video.
As opposed to the last 4 years? Have you been paying attention? Trump wants deregulation, and the housing market has suffered, some would say the most, and could greatly benefit from deregulation.
Prices are plain ole hyperinflating her in New England. Homes that were 500k pre covid are now 900k and still need work.
Get the hell out of New England!
GOOD!!!!! tired of rising costs in housing!!!!
House sellers still think interest rates are 3% and inflation hasn't wiped out a massive chunk of the first time buyers. These poor sellers are about to get a first hand lesson in supply and demand.
Everybody trying to buy into this market, when everybody should be getting out of looking.
A sucker every minute.
Convert trash paper to gold
Does he plan to Cover other states besides Florida? Thanks
Just like in the stock market you don't actually make money until you sell (or buy to cover if you are short) unrealized gains in housing is just that. It can disappear ... just ask those folks that bought houses in 2005, 2006, and 2007 at the top of the market. What did they do when they were underwater? They walked away and gave the keys back to the bank.
Jingle keys, jingle keys, jingle all the way ... 😂
Home insurance is just as bad in Louisiana as Florida these days.
Meanwhile home prices rising everywhere else
RE is local
@@rethinkyourself1 yeah, and most locales are seeing rising prices
@nickc3856 True , I'm in Houston, and fortunately, prices are going down
Great video with great in-depth info. The length was great. Seriously, doesn't everybody drive? Just listen in the car.
Lowsyanna. I’ve driven through several times and I have dealt with their trash over in the Houston area. Terrible state.
Did you mean Louisiana? Your comment does not make any sense. I think you meant you have driven thru LA to TX and have seen trash in TX?? What do you mean "seen trash"?? Americans are lazy and throw trash everywhere.
Good info. My takeaway is that if you believe climate change is real then don’t buy in the south east. If you believe climate change is a hoax then there might be some good buying opportunities if you got the money. Insurance costs going up big time.
BIG CRASH COMING 😮😮😮
Not too long of a video, takes time to share great info/data - thanks.
It's a great time to be a cash rich homebuilder.
Homebuilders like TOL and Lennar are in serious trouble. Folks just haven't figured it out yet. And if you are a rich individual that wants to build a house you are already too late. The folks that build houses are about to be deported.
This was a fantastic breakdown. Great video Todd, thanks
Sarasota is STILL high! New construction due to more expensive materials and cost to build is insane compared to pre-pandemic.
Does he have a segment on the Socal market? Interested on his thoughts
50 percent of sales were to investors. Wait for the market revert to 50 percent of the sellers are investors. cant wait. 😂
You might get your wish.
I think it will be more like a 75% pullback... I can't wait either. I missed the GFC. I am ready this time.
Todd great show but can you be
more transparent on the true aspect of the building cost? Framing a house in 1980 vs framing the house in 2024. By how much does it cost? Secondly what does it mean to afford a house on the west coast vs east coast? Will the carpentar get paid more in Texas vs Florida? What about all the immigrant labour who push the building costs down? Can you really compare 1980s to now? What people understand is you cannot afford
to buy a house at 320,000$ when that house 1200sqft One bed one bath single ranch style should be
about 80,000$. With the coming tariffs on framing lumber it may be wise to consider tiny homes and change the zoning to allow them and create a new insurance for that housing type. Rents are higher than mortgages right now,
and there is such a demand for houses....that even the mobile homes are going for the price of a single family house. There needs to be a housing reset....and the elephant in the room is how will the new green environment movement agenda cause the energy cost to go higher which make affordibility out of reach.
Will houses built in 2024 be solar panel ready ? Will the new cooling systems and heating system be carbon neutral? Will houses in 2024 me made with American made nails and not chinese made drywall screws from Home Despot? Young people will have to make a choice do they spend their 20,000 $ college fund on a brand new or used car or truck or can put that 20,000$ down on a Bank owned foreclosure thats been sitting empty and gutted for the scrap metal plumbers copper pipes and aluminum gutters of that 1980s house.....and retro fit and re build it like a phoenix to the
new american green housing of 2025.....the truth is coming
out...about .all those fortunes made from swinging the hammer in 1980s florida housing boom.
Another generation needs to get back down there and repair the damage. So let them take those houses....back from the Big Short
wolves.
Great show . Please have him on in March 2025. Thank you
You forgot repair's labor and supplies for upkeep.
Used to Vacation in Marco Island EVERY year... Penthouse with the LARGEST Balcony on the Island at the time...Hope to own that one day.
You'll own nothing and be happy...believe it.
Great info. Thanks for having Lance on.
Todd, come on man .. homes are over priced .. and have been for quite awhile ..
Housing shortage could be solved tomorrow by changing federal tax laws to limit all tax write offs to builders and to a single owner occupied home.
You can't afford the cost of living on one wage enerer
When I had my home built in 2017 my insurance was $370. Now it's $1,200. I live in Utah. I used to have earth quake insurance, but they no longer offer that at any insurance company here. So it's not like I'm insuring against any particular hazard. It's RIDICULOUS! In effect the insurance companies are making the rest of us pay for the places like Ca who have had so many wild fires. Sure repair costs are up, but 300%?
Ya , some crash still way high
If the home is in a zoning for a single family, residence it shouldn’t be an Airbnb
None of your business.
Great content Thanks
Rochester NY is a craphole. How is that area going up?
When you occupy the cellar there is nowhere to go but UP!
I wonder how much of a role the debasement of currency plays on home prices since homes are assets.
*role
46 min? I have about 3-5min
Maybe you should take some more time off. 👍
Just listen in the car.
it means they are too lazy to do any video editing and then entice you with clickbait titles..
It’s best to rent in FL. If sh*t goes south with the property maintenance, tax, insurance, etc you can just walk away. Let the landlord handle it.
Thank you.
I live in the Austin suburbs and days on market are already starting to drop. My agent tells me that buyers are talking about Tesla, X, etc planning big expansions all around Austin but not within city limits.
That’s because they aren’t selling and the listings are being taken down.
Short term rentals are dead because no one has money anymore for travel! Everyone is getting back to work, even though it means back in the office full time!
HOA = Surrendered Ownership
NO ONE owns in the USA unless you have Allodial title or Land Patent
Today affordability has little to do with mortgage rates and much more to do with high prices.
Thank You Lance and Mr. Sachs for all your work to given to inform People .. much appreciation and gratitude.
I am curious about the appraisal methods being used for mortgages and insurance .. are they using USPAP? and if not .. what to do about it. I noticed a lot of "School Corridor" yellow signs popping up on every street corner throughout the town?/city? .. the schools are not "nearby" .. as in .. I thought those signs were meant for the immediate vicinity of a school as in the surrounding block .. if not then .. ?? .. well .. the whole city is a school corridor and why don't they just paint it into the stop signs and save some money?
I am in Hull or Gatineau (*name depends on whether you believe in amalgamation or not😬🐰), Québec, Canada across the river from Ottawa.
GodSpeed GodBless
Again hyper local across the country
But it won't be.
With all the job losses continuing to happen, even accelerating the question I keep asking myself is how many Americans have six or 12 months in cash savings very few they live paycheck to paycheck next year should be interesting.
In your opinion, XAI600K for $10? 1 year or so?
Your guest uses Zillow?? He's lazy and ignorant!! EVERYBODY KNOWS ZILLOW IS NOT ACCURATE..THE VALUE OF THE PROPERTY IS JACKED UP ON ZILLOW. This a huge reason folks did not sell their properties at a reasonable price because "Zillow says my property is worth $$$"
Where to buy XAI600K pls
Home values are declining in the greater Tampa Bay area. These declines will continue for years.
Thanks
Hi, Can you do few shows on Baltimore city?
What would you like to know about Baltimore City?
Versus say... Baltimore prairie??
Plummeting!!!
3%, lol
I'm out, so sick of click bait.
Real Estate is so 20th Century.
How about the west like California and Nevada? I live in New Mexico and I’d like to sell in early spring and moved to Nevada if the market doesn’t Shift down before his house. And move to Nevada and wait for the housing market shifts down to a better price to buy.
Arizona went up 100%
Start watching at 9 minutes , Your Welcome !
Not many places where the powerful live are crashing. Check Incline Village Lake Tahoe. Marin county Sf. The hamlets of NYC. San Jose? All still nice and rich
Overpriced homes for sale. The taxes and insurance are very high. Nobody can afford homes. Retired people leaving Fl.
good video
Anyone moving down South I.e. Florida from NY or NJ is getting a raise. They can afford it as their property taxes are insane. I say this despite the insurance increase.
I would caution folks moving down south. In 10 years it will be uninhabitable because of the multiple cat 3 or bigger hurricanes that come through every year.
Right??? Right? Tell your guest to stop saying that - he sounds like an actor out of The Broke Girls.
Millennials, no presentation or public speaking skills.
excellent
Many many thanks
I've seen a You Tube channel Austin Flipsters. Haven't seen much recent content from them lately. Perhaps they made their money and moved on.
Flippers are losing their shirts now.
Flippers and investors remain the driving force here in south Florida as they have since early 2021.
FOUR in FLORIDA. IS THE LAND SINKING ?
Data lags in housing .by 12..to 18 months .at best
Great videos …but your videos are getting too long . Please consider shorter videos if possible.
Consider increasing your attention span instead
It's about time y'all mentioned XAI600K
Being that trees are the items for which homes are constructed a person could forecast a good economy by the growth rings of a tree.
By the way, the back of the human eye has growth rings if you want to have kinship with the environment.
Wow so Texas and Florida 😂🤣😂🤣
Did you mean any place other than TX and FL? 😂
I’m
Looking for a home
With no HOA. Doe now my HOA has remained the same 14 years. Oh my is feels amazing to say I’ve been in my home with my children this long. Yes, I have a decent amount of equity, but I have the 2.86% interest rate. I have two minors left in the home. I was thinking of paying it off. Now I’m guessing not. Only to purchase a non HOA property to call forever home. Suggestions anyone?
Yeah, learn English because you make no sense.
Wait until your kids are out on their own.
over the next 30 years austin texas, huge parts of florida will just be fine. number of companies moving, READ the economic development reports on central texas its billions going in for the next 10 years.
Dude Todd where you been? I’m guessing doing some research! It’s been so much happening out here in the south especially in NC.
They have plans to restructure housing to have low income. But it’s not really low income. They are gonna be like condos for rent and purchase. Them they having one building will be % of HUD housing… omg. 5 huge projects for developers. They also looking to put a sports plex, shopping center and hotel in one. This is gonna be a true situation like COVID times were but worse 🙆🏾♀️💆🏾♀️🙇🏾♀️
The beginnings of the 15 minute city
Jesus Todd, it’s ok to say women used to stay home, “homemaker” was literally on the census 😂 I felt so bad for you watching you clarify and try so hard not to offend. It’s appreciated but you have free speech and should be able to speak FACTS without worrying about being canceled. It’s just business. Poor guy 😂
Also, Louisiana and down south are projected to be borderline Sahara temps in the next 10 years. Insurance is going to naturally go way up considering the projections and housing prices down as industry keeps its distance. Unless one of those companies is water desalination and crops are shifted to low water consumption and high soil retention then Louisiana, Florida, NC and a lot of the south is going to go 2nd Dustbowl.
Anyone else “Like” before he is even gets into it?!
Yikes
There is no shortage of homes they are being built everywhere some buiders cant' t sell them.There are apartment being built on every corner.Stop listening to these agent aka sales people.
They’re building junk half the time. Tell the rest of the story.
Have you gone to actually seen new build home in person? They’re build like crap and so close to each other you could probably shake your neighbor hand through the windows.
Great but really too long
The best way to fix the problem is everybody stop buying.
Crash will be in a month.
Warning: everytime you see youtubers with cli kbait titles and burning house fire video pictures, keep scrolling.
There are several ways to make money especially by investing little and making profits in the crypto market. I'm shocked a lot of persons still hold
Assets that can make one successful in life
I. Forex
2.Stocks
3.Shares
forex is profitable and lucrative investment online
@@Mason-yYou are right.
But I don't know why people remain poor due to ignorance
XAI600K $6-12 in 2025.
Rip red states