I paid up all my mortgages in 2yrs while working with a Financial Adviser. I’m 50 and my husband 54 we are both retired with over $3 million in net worth and no debts. We got to realize that the secret to financial freedom is making better investments.
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Appreciate this recommendation, hopefully I can get some insight to where the market is headed and strategies to beat the downtrend with when I hear back from Carol.
All three of the market's indices have experienced declines in recent weeks, signalling the market's suffering over the past month. My $400,000 portfolio has lost about 20% of its value; I would greatly appreciate any advice on how to increase my returns before I retire.
Investing without the right direction might result in losses and blunders. This is something I know from personal experience.Seek guidance from a professional if you're new to investing or don't have much time.
Many people minimise the advisor's role until their own feelings become intense. I needed a big boost to keep my firm afloat following my protracted divorce, so a few summers ago, I looked for licenced advisors and found someone with the highest qualifications. Despite inflation, she has assisted in increasing my reserve from $275k to $850k.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances
My licensed fiduciary is Melissa Jean Talingdan. Just look up the name. In order to schedule an appointment, you would find the information you need in a letter.
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
I had initially planned to retire at 62, work part-time, and save money, but the impact of high prices on various goods and services has significantly disrupted my retirement plan. I'm worried about whether those who experienced the 2008 financial crisis had it easier than I currently am. The volatility of the stock market is a concern as my income has decreased, and I fear that I won't be able to contribute as much as before, potentially jeopardizing my retirement savings.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
The idea of investing a significant sum of money may be both thrilling and intimidating. There is potential for considerable wealth increase with the correct strategy. How can one take advantage of compound interest and potentially grow your retirement savings to about $1M over time?
I think the next big thing will be A.l. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
@@AlfredStephen-o2h A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K
Lower rates to % 6.25 won’t entice any one that is on the sidelines to buy a house especially if prices don’t come down significantly. It’s all about monthly payment. People have credit card payments and car payments now and that won’t change their ability to make a when houses are at these levels and interest rates but 1-2% lower. And no one will refinance at6.25% either
Anecdotally, as a landlord… Even though costs are rising… We are keeping our rent exactly the same and eating increase in property tax and insurance. That is because we noticed that there’s a decreased quality, in terms of financial ability in the rental pool of applicants. If we have a good one, we just want to keep things status quo, rather than look for another good candidate.
Funny, apparently my landlord in Long Beach missrd that memo and have the audacity to ask me how much my increase should be and proceed to quote how much the asking rent around here goes for, nevermind that the houses being conpare are nicer. This is all after 1 year stayung there being the perfect tenant. I guess some landlords are so greedy and have their head so far up their A$$, only way they will learn is through a nightmare tenant or have the rental sit empty for months...
Same here ...in GTA used to have bidding wars for my unit ...used to lease with 6-12 month paid upfront ....this year ... got first and last ... most interested parties had bad credit and in big debt. I chose a solid tenant ...how 12-24 months can change everything
Remember that rent prices are based on what the market will bear, not what landlords can afford. A lot of small landlords will be far underwater because the big guys are more efficient and can afford to operate with lower rents. I think it's a really bad time to be a small landlord, most of the ones I know are operating at a loss.
I guess that chick missed where he said “the average household income” was $75K… she immediately assumed he meant individual income and doubled it for a household totally discrediting her thesis
Mortgage rates are currently at an all time high since 2000(23 years) and based on statistics on inflation, we might see that number skyrocket further, a 30-year fixed rate was only 5% this time last year, so do I just keep waiting for a housing crash before buying or redirect my focus to the equity market.
The stock market is no different, to maintain profit you need to have some in-depth knowledge on the market. I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite a while now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.
In my opinion, it was much easier investing back in the 80s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.
Iynne Marie Stella is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
She appears to be a true authority in her profession with over two decades of experience. I looked her up on the internet and skimmed through her site, very professional. already sent her an inquiry hoping for a response soon.
The Case-Schiller index of home prices is at an all-time high. Housing is simply unaffordable for most people. Prices in terms of household income in most of the country are at an extreme we didn't even see in 2007. The best case scenario is that prices could stagnate for a decade. The one backstop for home prices is sky-high rates of immigration.
Most people can’t afford a house because most people aren’t the buyers of most property… I have wealthier friends with 4 or 5 properties and they buy another almost every other year. Friends on lower incomes are struggling to buy one as they can’t compete with people that receive bonuses greater than their annual salary. I’ve said this since I first joined finance (2003) - remove the institutional buy to let demand from the market and you’ll find houses become homes again. Keep Wall Street money in commercial property. Allow people to have 1 (max 2) rental home as part of their retirement planning… but in a society where wage disparity is so large and there’s no barriers in place do you really think it’s possible for the lowest earners to do more than rent for life?
I was born in 73. When I was a kid most of my friends lived in single income houses. Now... As Ivy said, most home are two income homes so they can afford this 120k income. What's next families shaking up with one another? Pimping your kids out so you have 3+ incomes so houses are "affordable"????
I’m sorry, but the gentleman saying that multifamily housing is “inefficient” and “hard to scale”? 🤨 I’m going to need to see some data to back that up.
Maybe you should do some more research on it. The people in Florida are already impacted financially and some towns would be devastated if the government didn't waste US taxpayer money bailing them out with ridiculously favorable insurance policies.
Finally, the topic that I was looking for for the last couple months. Could you please make a series of what will happen to real estate during market crash economy collapse Civil War third war, etc. I love your content. Keep it please.❤
Him: "Household income in 2022 was 75,000." Her: "Well people are living in dual households so that's actually 150,000." Lady, I don't think you understand how that works... Some are living alone in apartments yes, but assuming everyone making 75,000 individually is not happening. If it is, it's got the older Gen on the high end and the younger Gen on the low end. Give me those numbers again but tell me median individual of those between 18 and 35. Especially considering that most people will have kids (if they plan to have them) before 35. So the people that need them for families can't have them, but these older folks that are retired live happily.
Lin said the average household income was $75,000. That's presumably with two working adults. The lady was off by saying each adult is earning $75,000. The average house is unaffordable for most families even with two working adults.
I live in a Sellers Market. It is a small neighborhood. It is a highly desirable (waiting lists) small area of town. It is definitely NOT the norm of what is happening. There are these little areas that are still "sellers markets", but they are extremely few and far between. Even with this, the realtors are going for the last 2 weeks left to soak the seller. I think after Aug. 17, things will calm down; sellers and buyers will know what is going on more, and it will be a better time. Rates should come down .5 basis point, and prices should remain the same or a tiny bit higher (which will be eaten up in fees). I hate real estate --- it's becoming dog eat dog. I'm talking 31k in sellers closing costs on a $575 home; not to mention, if the buyer 'wants' help with 'their' closing costs. Ugh.
I’m 65 and I have about $250k liquid in savings which I plan to put towards becoming a homeowner but based on the current high prices on real estate, do you suggest I hold from buying or do stocks for now?
Investors are extra cautious right now. They want to make sure they’re getting a good deal given how much mortgage payments have gone up, and when they don’t feel like they’re getting a good deal, they’re backing out, so definitely looking elsewhere is a necessity.
In my opinion, home prices will need to fall by at least 40% before the market normalizes. If you're unsure if to buy a house or not, it is best you seek guidance from a well-experienced advisor for proper portfolio allocation. So far, that’s how I’ve stayed afloat over 5 years now, amassing nearly $1m in ROI.
Iynne Marie Stella has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
yeah she discredits herself with her own stupidity. i feel dumber after watching this jewess rant about climate change being the greatest threat to real estate
No, the housing market will not collapse. It will correct significantly, but it will not crash at all. Saved whoever read this comment 50+ minutes of nonsense.
The housing market has about 20 years left. I know the woman smirked and said home builders aren’t thinking about fertility rate but they should. Who’s going to buy houses when young people are staying at home longer don’t want to start families or just want to stay in apartments in popular cities
Of course, but insurers know where the riskiest properties are - and by their actions, we can see where not to move. Glad to see some discussion starting around the accelerating impacts of climate disasters.
What about unemployment? The 4.1% rate on the last report crossed the line where much higher unemployment and a recession ensued 100% of the time going back to the early 1900's. If this happens, people will sell homes and get foreclosed on. With this and the associated economic uncertainty, most people won't buy homes even if the mortgage rate went down to 1%. And the internals of the unemployment report are horrendous. All the gains have been in part-time employment for illegal aliens. Full-time jobs have declined every month since roughly late last year.
Lmao bro fr. This lady is taking the wholesale piss. Not to mention, when David brings up that the average household income is $45k lower than what’s needed to purchase the average home, nevermind saving up a down payment, she says ‘we’ll just double that number and now you can afford it.’ Perhaps, she misheard but ‘household’ income is not ‘pre individual in household.’ Not that she offered much insight, but after that remark, it’s hard to take anything she says seriously.
Spot on with the climate change comment. 100% agree that there will be more demand for cooler and non-hurricane prone areas in the USA. I would NEVER buy property in Florida, coastal Texas, most of the deep southwest US in the desert-like areas.
So when you have massive stimulus and then you also have credit cards delinquencies and balances going up in this time frame you have to imagine the amount of velocity of the money being spent because of massive inflation that is not reported. When you have an inflation report you don't take things out of it to make it look better that's not how people live. People live by using daily things that they take out of the CPI
I just hope David is negative and that his guests are bearish. My daily fear with David is he will turn bullish and or his guest will. I just pray every day that there is a drum beat of negativity and that way the markets can continue to set all time Highs after all time Highs after all time, Highs and climbed the wall of Rory, climbed this, incredible wall of worry
I have been bullish on Colorado real estate, for years based on the possible scenario where the seas rise and flood the coastal cities. Rising temperatures, hurricane activity all bode well for the future housing demand in the Denver front range.
The rates are NOT what is holding up most buyers with cash, like me. It is the prices. Still over priced in most normal, residential areas. I am in Knoxville TN, and prices have been dropping, but I am waiting on much lower prices, they are coming. This not a normal cycle, the Reset is coming and major pain will be and is being inflicted to completely destroy the middle class. I want to maximize my retirement funds. I could buy now, but want a better deal. Rate cuts are red herrings meant to distract you. Wall St plays the game, 401Ks and individuals play the patsy, more money transferred to the top X%.
rents are out of control. i got into a mortgage because of it. 4% every year adds up and they dont care if you negotiate they really dont. they want their 4%. builders will never build affordable and just like detroit autos will loose market share to manufactured which will be cheaper faster and more flexible in the future.
Your guest is not just a proud as a matter of fact, real estate expert and sociologist, but also a climate change scientist, of course, only with the highest level of empirical evidence.
I always wonder how they measure the saving rate. If someone put his money in the brokerage account and earn 5% on cash, would it be counted as saving?
I feel like they don't teach enough about this stuff in school. I got a "term" Economics, and all of this was just skimmed over. So pertinant knowledge that none of us have. Makes me wonder why they don't teach Life Skills as a Mandatory in school; instead of, concentrating on what gender you want to be at 6 yrs old!
HAHA, this lady is so out of touch with the average American household. She probably buys a new 5k handbag a week and spends 1k on a dinner out and thinks everything is positive
House just sold one week in my neighborhood that should have been around 750 k ask price 1 million sold in one week. I don't know what to say except for the fools are out there buying outside NYC!
Exactly right. I see houses in flood zones selling in short amount of time even when they are priced high. Flood insurance can be more than twice the cost of homeowner's insurance. People are making very risky choices.
40% transactions are from Investors including foreign investors buying in cash, that is why we have shortage. home builders are selling homes to investors , this need to STOP our gov allowing these greedy investors
6.25 % interest is a complete rip-off scam and should be criminal for a house .. if you paid 90k for the home.. you pay over 200k in thirty years time.. never mind all the maintenance cost ect ect .. for young people that read this don't do it .. its a debt trap that will suck your life away !! there are other better wiser options ..
Lets keep any eye on the job losses and unemployment rate. That could drive home prices down if people feel like they have to sell their home quickly. But then again, 3% interest rates may still allow them to make the mortgage while they find another job. 🤷 Always buy and sell when its good for you. Trying to "time" a top or bottom of housing market can cause frustration.
In countries other than the US people fix their mortgage rates for 2, 5, or at most 10 years. Can’t people in US just fix their repayments for shorter term at the lower near term rate?
I've been seeing the following lately: price cuts, properties on the market for longer, rentals going up for sale, and houses for up for sale that were recently purchsed within the past 1-7 years.
It is when people can afford to buy a home when considering overall ownership cost like tax , energy and home insurance. Until then it’s a a nobody’s market.😂
I plan to retire at 62 in another country outside the US that is free, safe and very cheap with a high quality of life. I could fully just rely on only my SS if I wanted to when that times arrives but I'll also have at least one pension, a 403 (b) and a very prolific lnvestment account with my Abby Joseph Cohen my FA. Retiring comfortably in the US these days is almost impossible.
I think everything said in this interview will change based upon the amount of money "printing" that will need to take place in the coming months/years.
BUT OF COURSE WE ARE AT THE TIP OF A FINANCIAL DISASTER. Of course everyone wants to sell But the gates are closed Look up people. Thank you for the great guests Thank you for the topic and your program
If governments would tax/regulate STRs, we wouldn't have such a lack of inventory. I don't know HOW this wasn't mentioned in an hour of a dry-as-balls, college textbook conversation.
STR are such a small percent. How about the large companies buying up houses to rent them out. They can buy up to 25% of a single community. Long term rentals not STRs
When you hear someone saying, "We need more housing, just walk away and smile." Call me to tell you the truth. Always. And Forever. Keep up the good content. Very insightful. #CanadianRealtor #Ontario #Realtor #CristianEnache
This is cool. Normally I (stupidly) only watch your videos pertaining to basically everything other than real estate. However, it is important for me to gain a strong understanding of this sector. God bless these guests and David Lin
I’m getting ready to buy a house and I came in here to get info on weather or not I’m making a good decision. And I didn’t understand a damn thing she just said. So I’m not watching your nonsense.
I'm going to help everyone. I sold my home in USA on Facebook for more then realtors were willing to list my home. Saved $30,000 in realtor fees. downloaded a residential real estate contract with a purchase and sale agreement. The guys looking for moderate income increase. The lady doesn't know why home prices declining in 10 cities,maybe occupancy. Duh. These people represent realtors, builders,investors. Bottom line if unemployment rises more. Home prices have to drop if seller wants to sell. Every realtor knows this. Were going in to a reset. You don't want to be holding a mortgage or bank will confiscate your home and assets(safe harbor 2005). Good luck
"You don't want to be holding a mortgage or bank will confiscate your home and assets" Yeah,.. because they do this all of the time. Wrong. In inflationary times you absolutely want to hold a mortgage,.. especially if you have 30 year fixed at around 3%. If inflation is at or above 3%,.. you're getting the home financed for free, if not being paid to borrow the money,.. in other words,.. you're paying the bank back money that is worth less than when you took out the mortgage. The bank isn't going to confiscate your home and assets,.. unless you don't make the payments.
I paid up all my mortgages in 2yrs while working with a Financial Adviser. I’m 50 and my husband 54 we are both retired with over $3 million in net worth and no debts. We got to realize that the secret to financial freedom is making better investments.
That is so amazing, I’m trying to get onto the investing ladder at 40. I wish at 55 I will be testifying to similar success..
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Appreciate this recommendation, hopefully I can get some insight to where the market is headed and strategies to beat the downtrend with when I hear back from Carol.
All three of the market's indices have experienced declines in recent weeks, signalling the market's suffering over the past month. My $400,000 portfolio has lost about 20% of its value; I would greatly appreciate any advice on how to increase my returns before I retire.
Investing without the right direction might result in losses and blunders. This is something I know from personal experience.Seek guidance from a professional if you're new to investing or don't have much time.
Many people minimise the advisor's role until their own feelings become intense. I needed a big boost to keep my firm afloat following my protracted divorce, so a few summers ago, I looked for licenced advisors and found someone with the highest qualifications. Despite inflation, she has assisted in increasing my reserve from $275k to $850k.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances
My licensed fiduciary is Melissa Jean Talingdan. Just look up the name. In order to schedule an appointment, you would find the information you need in a letter.
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
I had initially planned to retire at 62, work part-time, and save money, but the impact of high prices on various goods and services has significantly disrupted my retirement plan. I'm worried about whether those who experienced the 2008 financial crisis had it easier than I currently am. The volatility of the stock market is a concern as my income has decreased, and I fear that I won't be able to contribute as much as before, potentially jeopardizing my retirement savings.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Mind if I ask you to recommend this particular coach to you using their service?
Deborah Lynn Dilling is the licensed advisor I use.Just research the name. You'd find necessary details to work with to set up an appointment
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
The idea of investing a significant sum of money may be both thrilling and intimidating. There is potential for considerable wealth increase with the correct strategy. How can one take advantage of compound interest and potentially grow your retirement savings to about $1M over time?
I think the next big thing will be A.l. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
@@AlfredStephen-o2h A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K
@@KenyonRoberts impressive gains! how can I get your advlsor please, if you dont mind me asking? I could really use a help as of now
@@belenkayaarina7860 Claire Roberts Durand is her name.
You can look her up on google and verify her level of experience
@@KenyonRoberts She seems well-educated and well-read. I looked up her name online and found her website. Thanks for sharing!
Lower rates to % 6.25 won’t entice any one that is on the sidelines to buy a house especially if prices don’t come down significantly. It’s all about monthly payment. People have credit card payments and car payments now and that won’t change their ability to make a when houses are at these levels and interest rates but 1-2% lower. And no one will refinance at6.25% either
Not to mention property taxes insurance and maintenance of the property
Anecdotally, as a landlord… Even though costs are rising… We are keeping our rent exactly the same and eating increase in property tax and insurance. That is because we noticed that there’s a decreased quality, in terms of financial ability in the rental pool of applicants. If we have a good one, we just want to keep things status quo, rather than look for another good candidate.
Funny, apparently my landlord in Long Beach missrd that memo and have the audacity to ask me how much my increase should be and proceed to quote how much the asking rent around here goes for, nevermind that the houses being conpare are nicer. This is all after 1 year stayung there being the perfect tenant. I guess some landlords are so greedy and have their head so far up their A$$, only way they will learn is through a nightmare tenant or have the rental sit empty for months...
@@Jpowellsuckballs If you arnt happy you can move and get a better deal.
Same here ...in GTA used to have bidding wars for my unit ...used to lease with 6-12 month paid upfront ....this year ... got first and last ... most interested parties had bad credit and in big debt. I chose a solid tenant ...how 12-24 months can change everything
@@littlebitmckee8234 People see what they want to see, “landlords have deep pockets” and rents rise for no reason other than greed
Remember that rent prices are based on what the market will bear, not what landlords can afford. A lot of small landlords will be far underwater because the big guys are more efficient and can afford to operate with lower rents. I think it's a really bad time to be a small landlord, most of the ones I know are operating at a loss.
I guess that chick missed where he said “the average household income” was $75K… she immediately assumed he meant individual income and doubled it for a household totally discrediting her thesis
Yeah that was embarrasing, coming from a supposed expert/professional.
These “experts” all come on these shows and just blab opinions. We waste hours of our lives watching 🫠
Shut up. She's not on there for a game of Jeopardy. Ivy is one of the best real estate analysts out there. Show her some respect.
@@KK-pm7ud You didn't address the constructive criticism being put forth here... Go cheer lead elsewhere.
yeah shes obviously pretty dumb if you stuck around for the whole interview she lets it be known that her greatest fear is climate change
Mortgage rates are currently at an all time high since 2000(23 years) and based on statistics on inflation, we might see that number skyrocket further, a 30-year fixed rate was only 5% this time last year, so do I just keep waiting for a housing crash before buying or redirect my focus to the equity market.
The stock market is no different, to maintain profit you need to have some in-depth knowledge on the market. I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite a while now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.
In my opinion, it was much easier investing back in the 80s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.
My partner’s been considering going the same route, could you share more info please on the advisor that guides you
Iynne Marie Stella is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
She appears to be a true authority in her profession with over two decades of experience. I looked her up on the internet and skimmed through her site, very professional. already sent her an inquiry hoping for a response soon.
The Case-Schiller index of home prices is at an all-time high. Housing is simply unaffordable for most people.
Prices in terms of household income in most of the country are at an extreme we didn't even see in 2007.
The best case scenario is that prices could stagnate for a decade.
The one backstop for home prices is sky-high rates of immigration.
Most people can’t afford a house because most people aren’t the buyers of most property…
I have wealthier friends with 4 or 5 properties and they buy another almost every other year.
Friends on lower incomes are struggling to buy one as they can’t compete with people that receive bonuses greater than their annual salary.
I’ve said this since I first joined finance (2003) - remove the institutional buy to let demand from the market and you’ll find houses become homes again.
Keep Wall Street money in commercial property. Allow people to have 1 (max 2) rental home as part of their retirement planning… but in a society where wage disparity is so large and there’s no barriers in place do you really think it’s possible for the lowest earners to do more than rent for life?
I was born in 73. When I was a kid most of my friends lived in single income houses. Now... As Ivy said, most home are two income homes so they can afford this 120k income. What's next families shaking up with one another? Pimping your kids out so you have 3+ incomes so houses are "affordable"????
Serious credibility issues after this comment
I’m sorry, but the gentleman saying that multifamily housing is “inefficient” and “hard to scale”? 🤨
I’m going to need to see some data to back that up.
When I hear someone spend that much time on climate change they just lose all their credibility.
Maybe you should do some more research on it. The people in Florida are already impacted financially and some towns would be devastated if the government didn't waste US taxpayer money bailing them out with ridiculously favorable insurance policies.
All depends on jobs and income! That trend is going very negative!
Finally, the topic that I was looking for for the last couple months.
Could you please make a series of what will happen to real estate during market crash economy collapse Civil War third war, etc. I love your content. Keep it please.❤
Him: "Household income in 2022 was 75,000."
Her: "Well people are living in dual households so that's actually 150,000."
Lady, I don't think you understand how that works... Some are living alone in apartments yes, but assuming everyone making 75,000 individually is not happening. If it is, it's got the older Gen on the high end and the younger Gen on the low end. Give me those numbers again but tell me median individual of those between 18 and 35. Especially considering that most people will have kids (if they plan to have them) before 35. So the people that need them for families can't have them, but these older folks that are retired live happily.
Lin said the average household income was $75,000. That's presumably with two working adults. The lady was off by saying each adult is earning $75,000. The average house is unaffordable for most families even with two working adults.
"Deceleration in home prices." No sh*t Sherlock.
😆
I live in a Sellers Market. It is a small neighborhood. It is a highly desirable (waiting lists) small area of town. It is definitely NOT the norm of what is happening. There are these little areas that are still "sellers markets", but they are extremely few and far between. Even with this, the realtors are going for the last 2 weeks left to soak the seller. I think after Aug. 17, things will calm down; sellers and buyers will know what is going on more, and it will be a better time. Rates should come down .5 basis point, and prices should remain the same or a tiny bit higher (which will be eaten up in fees). I hate real estate --- it's becoming dog eat dog. I'm talking 31k in sellers closing costs on a $575 home; not to mention, if the buyer 'wants' help with 'their' closing costs. Ugh.
I’m 65 and I have about $250k liquid in savings which I plan to put towards becoming a homeowner but based on the current high prices on real estate, do you suggest I hold from buying or do stocks for now?
Investors are extra cautious right now. They want to make sure they’re getting a good deal given how much mortgage payments have gone up, and when they don’t feel like they’re getting a good deal, they’re backing out, so definitely looking elsewhere is a necessity.
In my opinion, home prices will need to fall by at least 40% before the market normalizes. If you're unsure if to buy a house or not, it is best you seek guidance from a well-experienced advisor for proper portfolio allocation. So far, that’s how I’ve stayed afloat over 5 years now, amassing nearly $1m in ROI.
This is probably what I should do. Who is your advisor, please?
Iynne Marie Stella has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
@@Harris_j1house prices aren't coming down they only gonna go up
The lady says she's not worried about a recession but she's worried about 'climate chage'...🤔
yeah she discredits herself with her own stupidity. i feel dumber after watching this jewess rant about climate change being the greatest threat to real estate
That's when I stopped listening 😂
Nothing will crash. Apple microsoft stock quadrupled in last 4 years despite so much fear mongering in this channel
"Climate change" is not an issue. Government regulations have the biggest impact on home prices.
And what types of regulations would you abolish?
@@someguy2773 Money printing, rent controls, "environmental" building codes, loans for unqualified buyers, punitive laws against landlords, &c.
With the divorce rate of 50%, where can dual income go wrong?
When the experts tell you price drops are coming you know nobody is buying
Yep, they only admit it now because its definite, they rather it not happen.
No, the housing market will not collapse. It will correct significantly, but it will not crash at all.
Saved whoever read this comment 50+ minutes of nonsense.
I kept thinking her fridge door had swung open
The housing market has about 20 years left. I know the woman smirked and said home builders aren’t thinking about fertility rate but they should. Who’s going to buy houses when young people are staying at home longer don’t want to start families or just want to stay in apartments in popular cities
great replacement says otherwise
@@adamhulu6171 I see we have a conspiracy theorist among us, do you also believe the Earth is flat?
That’s far down the decade to worry for builders. Right now, the millennial generation is just as large as boomers. They prefer new construction.
The best RE analysis on your channel yet. Hope you bring them back.
The obvious solution to home unaffordablity is to build more homes.
The system makes sure that doesn't happen.
Yea interest rates go down prices go up so nothing changes.
Very informative low to no key information !! Houston,Tx
Nah prices need to fall inventory has skyrocketed and sales are st great recession levels for existing homes
Right. All comes down to affordability.
Already started… last shoe to fall is unemployment. As unemployment continues to grow then housing will continue to crumble.
Temperatures and severe weather occur significantly in the Midwest/Interior
dont bother, these climate change people dont live in reality
Of course, but insurers know where the riskiest properties are - and by their actions, we can see where not to move.
Glad to see some discussion starting around the accelerating impacts of climate disasters.
@@carolynbrzezinski5779 the riskiest properties to insure are ones in communist states like CA
What about unemployment? The 4.1% rate on the last report crossed the line where much higher unemployment and a recession ensued 100% of the time going back to the early 1900's. If this happens, people will sell homes and get foreclosed on. With this and the associated economic uncertainty, most people won't buy homes even if the mortgage rate went down to 1%. And the internals of the unemployment report are horrendous. All the gains have been in part-time employment for illegal aliens. Full-time jobs have declined every month since roughly late last year.
Awesome report! I expect nothing less from the Linmeister.
Way too optimistic! Home prices will come down 30% plus on average.
Lmfao house prices are gone ng anywhere but up
@@robertnichols3677I’m assuming you’re kidding. Care to make a friendly wager?
Pretty good first time buyers market? Are these people joking? If you want 50 year mortgage and work 3 jobs to buy a dog house, then maybe.
Lmao bro fr. This lady is taking the wholesale piss. Not to mention, when David brings up that the average household income is $45k lower than what’s needed to purchase the average home, nevermind saving up a down payment, she says ‘we’ll just double that number and now you can afford it.’ Perhaps, she misheard but ‘household’ income is not ‘pre individual in household.’ Not that she offered much insight, but after that remark, it’s hard to take anything she says seriously.
Spot on with the climate change comment. 100% agree that there will be more demand for cooler and non-hurricane prone areas in the USA. I would NEVER buy property in Florida, coastal Texas, most of the deep southwest US in the desert-like areas.
Wait.... Are you guys getting wage growth?
😢
So when you have massive stimulus and then you also have credit cards delinquencies and balances going up in this time frame you have to imagine the amount of velocity of the money being spent because of massive inflation that is not reported. When you have an inflation report you don't take things out of it to make it look better that's not how people live. People live by using daily things that they take out of the CPI
I just hope David is negative and that his guests are bearish. My daily fear with David is he will turn bullish and or his guest will. I just pray every day that there is a drum beat of negativity and that way the markets can continue to set all time Highs after all time Highs after all time, Highs and climbed the wall of Rory, climbed this, incredible wall of worry
I have never seen so many homeless people in my life. The economy is dead.
Nobody cares about rates , it's the price which any rate is applied to ...prices are what consumers care about
Cleveland here also. Home prices have almost doubled since 2021. Rent up $400/+/mo.
I have been bullish on Colorado real estate, for years based on the possible scenario where the seas rise and flood the coastal cities. Rising temperatures, hurricane activity all bode well for the future housing demand in the Denver front range.
keep smoking your mushrooms
As soon as she said climate change, I knew what the contrarian bet is
The rates are NOT what is holding up most buyers with cash, like me. It is the prices. Still over priced in most normal, residential areas. I am in Knoxville TN, and prices have been dropping, but I am waiting on much lower prices, they are coming. This not a normal cycle, the Reset is coming and major pain will be and is being inflicted to completely destroy the middle class. I want to maximize my retirement funds. I could buy now, but want a better deal. Rate cuts are red herrings meant to distract you. Wall St plays the game, 401Ks and individuals play the patsy, more money transferred to the top X%.
Dude was in diapers during the last housing bust.
10:39 sellers market? I’d like to see the data that she’s looking at. Doesn’t make sense to say that at all. It would be foolish to buy right now.
Lin is a BEAST
Your channel is amazing. I love the videos!
If you can afford to rebuild your house at least 5x over then self insurance is ok imo.
rents are out of control. i got into a mortgage because of it. 4% every year adds up and they dont care if you negotiate they really dont. they want their 4%. builders will never build affordable and just like detroit autos will loose market share to manufactured which will be cheaper faster and more flexible in the future.
Your guest is not just a proud as a matter of fact, real estate expert and sociologist, but also a climate change scientist, of course, only with the highest level of empirical evidence.
David, your hair style is the clear winner of this report.
What an intelligent woman.
I always wonder how they measure the saving rate. If someone put his money in the brokerage account and earn 5% on cash, would it be counted as saving?
I feel like they don't teach enough about this stuff in school. I got a "term" Economics, and all of this was just skimmed over. So pertinant knowledge that none of us have. Makes me wonder why they don't teach Life Skills as a Mandatory in school; instead of, concentrating on what gender you want to be at 6 yrs old!
HAHA, this lady is so out of touch with the average American household. She probably buys a new 5k handbag a week and spends 1k on a dinner out and thinks everything is positive
How about Vancouver???
House just sold one week in my neighborhood that should have been around 750 k ask price 1 million sold in one week. I don't know what to say except for the fools are out there buying outside NYC!
Exactly right. I see houses in flood zones selling in short amount of time even when they are priced high. Flood insurance can be more than twice the cost of homeowner's insurance. People are making very risky choices.
40% transactions are from Investors including foreign investors buying in cash, that is why we have shortage. home builders are selling homes to investors , this need to STOP our gov allowing these greedy investors
House prices will stabilise, but interest rates must come down. they are crazy high.
6.25 % interest is a complete rip-off scam and should be criminal for a house .. if you paid 90k for the home.. you pay over 200k in thirty years time.. never mind all the maintenance cost ect ect .. for young people that read this don't do it .. its a debt trap that will suck your life away !! there are other better wiser options ..
Lets keep any eye on the job losses and unemployment rate. That could drive home prices down if people feel like they have to sell their home quickly. But then again, 3% interest rates may still allow them to make the mortgage while they find another job. 🤷 Always buy and sell when its good for you. Trying to "time" a top or bottom of housing market can cause frustration.
Interest rates will not fall, you guys are wrong
Overall the outcome looks bad. For a buyer good news, but form sellers or current owners, it looks bad. 😮😮😮
In countries other than the US people fix their mortgage rates for 2, 5, or at most 10 years.
Can’t people in US just fix their repayments for shorter term at the lower near term rate?
Why do you care? The U.S. has plenty of shorter term mortgage options. People don't want them because the 30 year fixed is more affordable.
Great info thank you
Cap rate will increase. Thank you
I've been seeing the following lately: price cuts, properties on the market for longer, rentals going up for sale, and houses for up for sale that were recently purchsed within the past 1-7 years.
Lmfao okay
@@robertnichols3677 🥴
If homeowners are trying to sell, that's a buyers market. 11:16
It is when people can afford to buy a home when considering overall ownership cost like tax , energy and home insurance.
Until then it’s a a nobody’s market.😂
Housing crash will go into the history books!!
I plan to retire at 62 in another country outside the US that is free, safe and very cheap with a high quality of life. I could fully just rely on only my SS if I wanted to when that times arrives but I'll also have at least one pension, a 403 (b) and a very prolific lnvestment account with my Abby Joseph Cohen my FA. Retiring comfortably in the US these days is almost impossible.
I think everything said in this interview will change based upon the amount of money "printing" that will need to take place in the coming months/years.
I am not buying mostly because of the home owners insurance, I can afford the mortgage unti you throw that in. I live in Florida
Yes! All he flood insurance and hurricane insurance makes a very unsustainable situation. Move.
BUT OF COURSE WE ARE AT THE TIP OF A FINANCIAL DISASTER.
Of course everyone wants to sell
But the gates are closed
Look up people.
Thank you for the great guests
Thank you for the topic and your program
Just the tip
Realtor shills
Yeah, she's back! Always interesting to hear from Ivy!
my crush, great leap stick more affordable than i could expect
Hey Dave, those guys talking about they own interest nothing to do about facts!!!!
AI will make layoffs more and more. Housing will decrease
If governments would tax/regulate STRs, we wouldn't have such a lack of inventory. I don't know HOW this wasn't mentioned in an hour of a dry-as-balls, college textbook conversation.
STR are such a small percent. How about the large companies buying up houses to rent them out. They can buy up to 25% of a single community. Long term rentals not STRs
When you hear someone saying, "We need more housing, just walk away and smile." Call me to tell you the truth. Always. And Forever.
Keep up the good content. Very insightful.
#CanadianRealtor #Ontario #Realtor #CristianEnache
The worst guest ever. The lady was pathetic
Great show. The lady needs more natural sunlight. It will improve her forecast accuracy
Thanks very much. I love Ivy’s wisdom and objectivity.
I hate real estate
This is cool. Normally I (stupidly) only watch your videos pertaining to basically everything other than real estate. However, it is important for me to gain a strong understanding of this sector. God bless these guests and David Lin
I’m getting ready to buy a house and I came in here to get info on weather or not I’m making a good decision.
And I didn’t understand a damn thing she just said. So I’m not watching your nonsense.
Are they robots?
A new way to make money. Global warmiming. What a joke.
Wait.... You don't believe the earth is warming? 😂
Please interview Steve Keen and Jeffrey Sachs
for those saying “Its different this time”, you’re 100% right. It is!!!
Yes much worse than 2008
I'm going to help everyone.
I sold my home in USA on Facebook for more then realtors were willing to list my home.
Saved $30,000 in realtor fees. downloaded a residential real estate contract with a purchase and sale agreement. The guys looking for moderate income increase. The lady doesn't know why home prices declining in 10 cities,maybe occupancy. Duh. These people represent realtors, builders,investors.
Bottom line if unemployment rises more. Home prices have to drop if seller wants to sell. Every realtor knows this. Were going in to a reset. You don't want to be holding a mortgage or bank will confiscate your home and assets(safe harbor 2005).
Good luck
"You don't want to be holding a mortgage or bank will confiscate your home and assets"
Yeah,.. because they do this all of the time.
Wrong. In inflationary times you absolutely want to hold a mortgage,.. especially if you have 30 year fixed at around 3%.
If inflation is at or above 3%,.. you're getting the home financed for free, if not being paid to borrow the money,.. in other words,.. you're paying the bank back money that is worth less than when you took out the mortgage.
The bank isn't going to confiscate your home and assets,.. unless you don't make the payments.
OP MM
XEN crypto
Desperate people , if you are invester you never will say the COLAPS IS HERE 😂😂😂😂😂
Interesting she doesn’t share the bad home lending policies being proposed by Biden. Hmmm
This video was recorded in the future. 😂
fixed :)