Well...expect millions of people from the middle east moving into these homes..Israel will take the entire region for themselves and push out millions who will move in here..
I live here and have for 50 years. These apartments are 2000$ plus per month. What is this “affordable” thing? I do hvac at rentals. You’d be shocked what 1500 gets you. I would never live in a 1500$ apartment in Phoenix. 10 years ago it would have got you a luxury apartment in the best neighborhood. Disgusting
I was paying 1500 for a 4 bedroom house a mile from asu 10 years ago. Now I pay 1400 for a studio down the block from the strip clubs by the airport. It's ridiclous.
The fix is simple: no hedgefund, organization etc can pirchase residential buildings. It can only be purchased by a single buyer with no ties to investment groups.
Gee. No one has ever thought of that. Do you think your elected officials not know this or better yet, give a flying fuck about you? They’re bought and paid for. They have donors to honor. Not you.
For newbies, be aware that this is a grossly oversimplified scenario. For one thing, you can't get a mortgage on an investment property without at least 25% down payment. Two, it's easy to see comps for house purchase prices, but it takes a lot of research to understand the comps on rent prices. The trick is to find a place where renting is more expensive than buying, but those places are less common because of this very type of scenario. Three, you have to remember that rent number he's using is supposed to be net income, not gross. So you have to think about costs for taxes, insurance, maintenance and vacancy when you're researching investments. All that said, real estate investing is a good tool for wealth accumulation. But it isn't foolproof.
Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
Recently, I have been exploring the possibility of consulting with advisors. As a mature individual, I am in need of guidance, but I am curious to know how truly impactful their services can be?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
You’re not that smart, our government is owned by the puppet politicians, the elites tells what to do. The elites are moving us towards agenda 21 and 2030 as well as the 4th industrial revolution and society 5.0
I have lived in Phoenix for 24 years and I would like to say that the average home should sell for $250k and the high end should sell for $500k. Now the average home is $400-500k and the high end are $1-1.5mil. The fundamentals are way off.
Unless you’re saying undervalued for the corporations buying them? They are going to stick us all in a smart city anyway so won’t matter in a few years
I blame companies like Netflix and Amazon, these investment companies saw how much they make a month from subscriptions fees and they realize why the hell should they buy and sell houses and only make money off you for 30 years when they could make money off you for the rest of your life by renting it to you and never losing ownership.
fear a housing crash due to people buying homes above asking prices with little equity. If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.
Consider reallocating from real estate to other reliable investments like stock, crypto or precious metals . Severe recessions offer market buying opportunities with caution, as volatility can yield short-term trading prospects. Not financial advice, but it may be wise to invest, as cash isn't ideal in this period.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.
I live here in Phoenix area and am blown away by all the ugly, soulless, dorm room looking multi family monstrosities. Terrible looking and infrastructure totally lacking. Highways getting like L.A.
Our highways are still a ways off from LA, they are MUUCH Better designed here, they flow so much better. Plus they will redesign sections that don't work well, cause bottlenecks or what have you. LA is just poorly designed period. But yes, traffic sucks for a couple hours.
@@lisazeller7154 Still not quite as ugly as that eyesore built by Henkel at 101 and Scottsdale Road. I worked in that building from my days at Dial. It looks like an ugly European airport terminal. Even the CEO of Dial at the time said it was ugly during a company meeting. Henkel not only destroyed the Dial Corporation but all our views especially as you approach Scottsdale Rd coming north on the 101. It's like Frank Lloyd Wright architecture on a bad acid trip.
Phoenix New builds have no soul. Different shades of brown with 3 different floor plans. your neighbor next door is so close to you that you can hear their conversations. Half your paycheck gets you all this!
Just a reminder , Phoenix Mayor Kate Gallego. a democratic has agreed to make Phoenix one if the WEF's " 15 Minute City" . No wonder all these "apartments" are being built.
This WEF Army has infiltrated everything.. tyrants, and very evil. And remember; Trump's daughter was a member. I don't know if she still is, but she was
I was born and raised here in phoenix and in the last 5 years it’s gotten noticeably worse in all aspects. Homelessness, drug abuse, housing market, everything. It’s horrible and it sucks to see my home go down hill so fast
Give it a year. All those new expensive rentals will be drug houses, squatter pads, 5-10 people packed into one, sex traffic hotels, coyote houses, cartel and gang heads.
I live in phoenix and it’s RIDICULOUS the amount of apartments and houses being built… HUNDREDS anywhere you look there is new constructions i’m pretty sure there is going to be more apparments and houses than people at this point..
Not with all the fast-reproducing humans being imported. All those "homes" will be stuffed with people whose rent will be paid by the American taxpayer. Anyone who still can't see what's happening needs to climb out from under their rock. The American Dream is collapsing faster than the Twin Towers.
@@SatsMateanyone who bought before 2020 is paying $1,200-$1,600 mortgages. Post 2020 here it's a blood bath, average mortgage or rent is well above $2k.
I was looking for a house in Arizona and my realtor told me the same. The investors and companies are the ones buying the houses to rent. Right now, the situation is not good for families buying homes. A neighbor said the same too. There are a lot of homes under construction going on for rent. I lived in Arizona since 1990. I remember a 3 bedrooms and two bathrooms house cost was around $28,000 to $40,000 plus......no more. Life is not hard, people just make it hard for others.
Apache Junction is building homes for a million people in the next 10 years in the Superstition Vista area. 276 square miles. They are working on the water problem currently. No one brings up water issue in AZ and the sustainability of it.
@sv650ftw4 I would agree if it was an actual population issue, but the real water shortage boils down to the agriculture, namely the alfalfa farmers, and rich snowbirds wanting to build their golf course in the desert. Oh and man made neighborhood lakes, because swimming pools did not satisfy their absolute thirst for water consumption.
In California every new community being built has to build stack and pack apartments, they are corralling people into these cities they are called c40 cities and 15 minute cities formally smart cities thanks to the United Nations agenda 21
@@danielr3661 Good. You can have them. You guys are more of a police state than Arizona and will treat them the way they deserve. We're way more libertarian than texas and want to keep it that way.
My husband works construction on the apartment. He calls them chicken coops. They're so tiny that they're removing the living and dining rooms from apartments. They're studios for $2k a month. I do pray they rather rot.
EXACTLY!!!!.. The summer is very long and the heat can exceed 110 to 120 degrees, no oceans or lakes to run to, cooking out is a nightmare or sunburns and scorching breezes, electrical costs are now sky high, nothing but desert conditions and every house looking exactly the same: Beige. This guy making this video is delusional thinking people are going to buy anything in the form of a house let alone in Arizona... especially when they work in Walmart, customer service, hotel chains, etc or in short low wage jobs, your thought of buying a home is a fantasy... matter of fact people can not even afford to rent.
I warned everyone in Phoenix, AZ about the water crisis and saw how many apartment buildings were going up, all of the corporate landlords buying up entire neighborhoods ala Blackrock, AMH Homes, Invitation homes, Open Door, Redfin, Zillow and many more ibuyers. I saw what was coming to head, the new governor katy hobbs halted new permits, they have the water crisis, homeless crisis, job crisis and crime on the rise all the while living in a desert in an average of 113 degrees of burning skin melting dry heat for 8 to 9 months out of the year. I sold my house in the fall of 2023 after purchasing it in the fall of 2019 because the equity exploded and It was a no brainer to cash out and move out of this god forsaken place before it imploded.
Now, in hindsight, it is clear that all of these companies are just part of the grand scheme and the conspiracy to own everything. Likewise. Jeff. Bezos is just a front man, for us buying china goods and being taken over. Myspace was the pathway for Facebook. Cryptocurrency is the gateway for the CBDC. The more you research, the more you realize everything is a lie. Life as we know it is just one big fabrication.
I live in Phoenix and have rented from the same landlord for 25 years but he died Jan 1st and I'm not sure how long his kids will hang on to the properties before they sell. There is literally nowhere else I can afford to live. And rent goes up every single year (as well as everything else, utilities food, ect) I don't know how people are surviving. And the amount of ugly poorly constructed "luxury living" apt complexes that going up daily is destroying the look and feel of Phoenix. Like I used to love living here and I really don't anymore
Yes, but where else? People with families by large can’t or will not live in vans. I value your sentiment but just like with Gasoline, they have us by the balls on this until we all organize
Yes!!! And when looking to sell, we should ensure selling to an actual person/family. I have a house in Vegas that I moved from, and when I sell it, I will make sure I sell it to a human being. That's a hard line for me!
Prices will keep going up until we refuse to pay or completely run out of money. What a terrible life, work two jobs including weekends for what? Seriously, are we so trapped in our phones to realize our life passing by making money for someone else.
Unfortunately, look at the situation in Vancouver Canada. Investment groups would park their homes empty for 3-10 years than to lower their rent/selling prices. The ones who lower it first would be smaller landowners as they rely the income more readily.
There's not enough hospitals, schools nor officers/firefighters to accommodate the new builds. Education is already poor, law enforcement is already understaffed. Phoenix is a hell hole. On top of all that. Average temp. Is 110 degrees
What?? It’s a beautiful, wonderful place. Golf courses everywhere. Great food. Great vibe since all the elites developers from LA & SF, Chicago & NY have moved there.
You obviously don't live here. Nothing you said is true. It's 110 for literally 3 months of the year. The rest of the year is in the 60s and 70s. It's the 5th largest city in the country for a reason. But the housing situation is really bad here, like the rest of the country only worse, we've seen some of the highest inflation. Phoenix used to be the of the better more affordable cities but not any longer.
Yep. I bought my house in Surprise in 2019 because of the lack of apartments and rentals here. All they do is bring crime and run everything down overtime. Now there are apartments and rentals popping up left and right. On top of that, I originally had a nice military family who owned next door to me. Well, he got stationed somewhere else, and had to sell his house quickly. Yep, a bank bought it to rent it, and now I have renters next-door to me who have weeds growing out of control in the yard, and they leave their trash cans out on the street the entire week. Let’s just say I can also hear their smoke alarm chirping. I’m definitely bailing out of here before it becomes a total shit hole. I’m getting tired of buying weed killer and using it on the neighbors yard :(
I bought 2 cars for less then 5k. I'll sleep in both or them before I'd pay 5k a month in rent. I moved from south florida to Denver in Sept. making 4 dollars more and hour then I did in palm beach Florida
@@AlderaansRanger I wonder where a lot of people are working. Maybe remote? I majored in materials engineering and moved to the Bay Area. Had a manufacturing job in San Diego briefly and when I quit drinking I moved to the Bay Area to actually do engineering. It’s expensive, but at least you’re not stuck if you lose your job. Maybe just have a commute in a different direction.
I live in the South East Valley and its out of control, and they are trying to get 3k a month and no one can afford that either. They are building like crazy and still trying to get 650K for these cookie cutter homes
i wish all these people would find another state to move to. And it seems crazy to build in a state where there is a water issue. They even stopped building permits awhile back.
Born and raised in AZ. My wife and I are in our mid twenties with a child, and we can attest that owning a home isn’t even an option for the foreseeable future. Even renting a decent apartment is expensive. Cost of living is going up, even in places where *quality* of living hasn’t improved. One thing AZ does have going for it is substantial economic growth and opportunity for those who recognize it and are willing to work for it.
I live in Phoenix, these apartments started growing like a virus. There are waaaayyyy too many. If this doesn't bring rent down, I don't know what will. They are all starting to finish at the same time. Now I'm seeing discounts and free months just to get people in.
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Thanks, I looked her up on Google and was very impressed by her credentials. I reached out because I need all the help I can get. I've scheduled a phone call with her.
It won't do the banks any good to jack up rents when no one can afford them. People will cohabitate or become homeless to eat, few will be able to afford the luxury of renting their own place and real estate prices will collapse.
Landlords are using Realpage to fix the market, Realpage requires landlords to keep houses vacant until people are desperate enough to pay what the Algorithm is demanding. There's currently a lawsuit in the state against Realpage for this practice.
Everything this man is saying is absolutely true. My main concern is our water. Nobody’s house will be worth anything if they keep flooding the state with people and there’s not enough water to go around
AZ Native here...Love my State ...This is also in part due to NO PROTECTION FOR AZ NATIVES who built this economy by our hard earned TAX DOLLARS 1/3 of MY INCOME. Now i cant BUY MY FAMILY A HOME in my own home town because. WE CANT AFFORD IT....WHERE IS The Protection like other states......wheres Gov. ?? They planned for this ...its working perfectly :(
What other states? This is happening everywhere because there are no protections in this country except for the rich. This country is structured as a reverse Robinhood. It's a failing shathole.
Yeah I live here. So many apartment homes for rent instead of for sale. My rent for a 2 bedroom apartment 6 years ago was $800 a month now they’re over $1900 for the same apartments.
California is $2,800 2 bed... no gaurentee of A/C or parking. Those units are in illegal immigrant zip codes...side by side w/ Americans...whose rent is 3400 -3800 per month.
I traveled back home (Phoenix) a year and a half ago and saw so much construction and building everywhere I went. It has never been like that in all my childhood and through my teenage years and I traveled the valley often. They are currently gentrifying the entire area without people realizing it. They did the same thing here in Oregon (Eugene) where I have lived the past 10 years. Crazy how everyone’s greed can make them miss the big picture.
North Surprise, AZ is building like crazy. Houses, apartments, retail, restaurants, and warehouses along the 303. Traffic in the area is ridiculous, the citizens have requested the city to stop issuing building permits for housing until a solution can be made for the congestion.. Grand avenue exit from the 303 freeway is a nightmare, Bell rd exit is the same way, the traffic in the area gets so bad it backs up onto the freeway. If an emergency happens and they shut down the road, there is no other road to get to the homes that are located northwest.
@@Son37Lumierethe area he’s talking about is about 50 minutes from the city. It’s literally the furthest northwest point of the valley. There’s about 5 towns between this specified location and Phoenix.
I do own my home on 3 acres (actually 2 houses---I rent out the smaller home for $450 a month to a friend), Have a pool, hot tub, 3 outbuildings (2 sheds and a workshop). My property taxes are $200 a year. Live in an unincorporated rural area as I do. Northern AZ. Lived here since 2006. (Jan Griffiths).
Rent prices are falling???? In Phoenix???? In Scottsdale???? "I'm from Missouri!" Show me! I see absolutely NO evidence of rent prices falling to more reasonable levels in the Valley of the Sun.
A bigger picture is likely at play, thus requiring a bit of critical thinking beyond the basic metrics' reasoning of old. We know what we know, but not what we don't know. Thus, something far more complex is like in the making.
Same thing here in ft Myers fl. Huge blocks of wood frame apartment buildings going up like crazy. New Single family home construction is down And prices are up. Rents are high and mortgages are even higher.
@@andrewbetances1203 Good question… more likely it’s going to turn into a gov subsidized housing program like section 8. Middle class is gone, everyone will be poor and struggling while the rich stay rich. Socialism 101
The amount of traffic is crazy right now. Just wait until everyone wants to drive to work at the same time. Cause chaos then give the 15 minute city's solution
Something I thought was weird was building rather large single family homes for rentals in bad neighborhoods with crappy schools. Who would want to rent there?
Purchased a house 4 years ago. Thank god. Shit ain't right. Can hardly drive on the roadways now without massive backups...too much demand now = prices go insane. Good LUCK California 2.0
Houses being built in the Phoenix area are mostly wood construction. And what they do NOT talk much about is the number of termites found in and around the valley. Do they spray new home lots for termites? Yes. Does it protect the home for it's entire useful life? NO! It's not IF your home will become at risk for termite infestation, it's WHEN will your home become the next target for a community of subterranean termites.
dude, that's why you are supposed to tent your house. We did it about 5 years ago and plan on doing it again in 5 more years. It's part of normal home maintenance. People do that everywhere, not just Phoenix.
@@mikej238 Which is EXACTLY what I did! Sheesh! Even still it did not stop my fence, patio cover, and shed from getting infested. Congratulations! You win ignorant post of the day!
@corrosivedevourer Capitalist style housing? You mean people owning their own property. Most people living in tent cities are drug addicts. Not all but most.
As a past resident - What ever happened to the 'urban sprawl' they complained about and the water shortage issues from back in the '80's? Last time I was in Phoenix it was pitiful ... all the little towns are connected - Mesa, Tempe, Glendale, used to go into the country to get to Luke AFB and Apache Junction .... So sorry to see that ....
I know. All you see is a sign that says "Welcome to Mesa" or wherever. No distinct city boundaries any more. It all is the same basic city. All run together. (Jan Griffiths).
I moved to phoenix in 2021 and bought a house. One of the best decisions I've ever made! But yes most everything being built is for rent at this point.
if they fail to get significant market share in all states this could magnificently backfire. renters are far more mobile, have less kids and have significantly lower attachment to the area. can you imagine the interstate migration that will happen to wherever have laws against this. and where the masses go, money follows. I'd hate to have my money in these portfolios when that time comes.
If you can buy you should buy always. The only kind of real wealth I have ever made in my 43 years of life was from my homes I own. For a regular person it's a no brainer.
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
"Rebecca Nassar Dunne" 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.
This reference seems valid.. Just looked up her full name on my browser and found her webpage without sweat, over 15 years of experience is certainly striking! very much appreciate this.
I have lived in california, arizona and colorado, all of which derived their order from the same source. I'm glad not to live in any of these places anymore, particularly since it's largely blue.
Arizona ~ 7.5Million Nevada ~ 2.95 Million Top 4 counties in socal 18.5 Million (LA,SD, orange county and Riverside) But San Diego gets most of the water rights The Colorado River can't support much more than 40Million ppl and it spans 7 states
It also goes to Mexico . Went down to Yuma Az. And into Mexico. Water was diverted there for a bird sanctuary. The Colorado has been drying up for years. Kingman Az. Allowed a company from Saudi Arabia and an elite from Las Vegas to plant huge fields of hay there. Used up all the underground water and destroyed many people many long time residents who no longer had water. Follow the money.
There are entire subdivisions being built right now, in Prescott, Arizona. These are single-family homes that are not being sold to families, they are being rented out to families. And you had to be making over a certain amount per year to qualify for renting one of these homes and it is leaving out a lot of Hispanic and black families. Arizona is turning into Potterville and so is the rest of the country. This needs to stop.
For Blackstone, etc. selling these homes will be like trying to squeeze water from a stone. Peoples finances are drying up fast. Maybe the bulk of these dwellings will eventually be free housing for (newcomers.)
They weren't lying when they said you will own nothing .What they lied about is you'll be happy
Well...expect millions of people from the middle east moving into these homes..Israel will take the entire region for themselves and push out millions who will move in here..
You got that right.
"be happy...or else..."
So when are we going to ban pe from buying homes?
People will be happy because the rent will be cheaper than housing currently. Set up!
I live here and have for 50 years. These apartments are 2000$ plus per month. What is this “affordable” thing? I do hvac at rentals. You’d be shocked what 1500 gets you. I would never live in a 1500$ apartment in Phoenix. 10 years ago it would have got you a luxury apartment in the best neighborhood. Disgusting
Affordable is a marketing term, not reality. They get subsidies for using that word and fitting in a model presented from the government.
Yep! Now just scraping to leave.
I was paying 1500 for a 4 bedroom house a mile from asu 10 years ago. Now I pay 1400 for a studio down the block from the strip clubs by the airport. It's ridiclous.
Exactly. It’s unliveable here… it’s time we actually do something about it
10 years ago, I was looking at apartments in Anthem. For a brand new, 2 bed, 2 bath apartment price was $760!!!
The fix is simple: no hedgefund, organization etc can pirchase residential buildings. It can only be purchased by a single buyer with no ties to investment groups.
Our sleazebag politicians that are in on it with these big corporations/crooks, would never go for that!
The state needs to reset the board, either rezone or just boot out developers that dont.....wait for it....develop.
Why would they screw over their donors like that?
Gee. No one has ever thought of that. Do you think your elected officials not know this or better yet, give a flying fuck about you? They’re bought and paid for. They have donors to honor. Not you.
Exactly!!
For newbies, be aware that this is a grossly oversimplified scenario. For one thing, you can't get a mortgage on an investment property without at least 25% down payment. Two, it's easy to see comps for house purchase prices, but it takes a lot of research to understand the comps on rent prices. The trick is to find a place where renting is more expensive than buying, but those places are less common because of this very type of scenario. Three, you have to remember that rent number he's using is supposed to be net income, not gross. So you have to think about costs for taxes, insurance, maintenance and vacancy when you're researching investments. All that said, real estate investing is a good tool for wealth accumulation. But it isn't foolproof.
Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
Recently, I have been exploring the possibility of consulting with advisors. As a mature individual, I am in need of guidance, but I am curious to know how truly impactful their services can be?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
The mass building of Soviet style apartment blocks in America is a disaster.
They call them stack and packs in comi-fornia.
Our govt needs to ban institutional investors from buying single family homes!
You’re not that smart, our government is owned by the puppet politicians, the elites tells what to do. The elites are moving us towards agenda 21 and 2030 as well as the 4th industrial revolution and society 5.0
Who else how's the money to buy them? We have 10 million more residence in this country competition is fierce.
Our gov't are the institutional investors
Your government is part of the 4th beast kingdom. I suggest you study what's coming.
The answer is in the bible.
@@captng But if nobody can afford them, wouldn't that drive the prices down to where they could afford them?
Some one needs to tell them 2k a month rent is not affordable
Not affordable for you
Yes. Someone is very deluded if they think the average family can afford 2000$/month
@@mss3834 Average needs to move to a cheaper part of the world. Las Vegas is a top global destination.
@@jasoncrandall probably not affordable for most people living here. the rents are way over incomes
@@georgebrummer3038 but demand is off the charts so your comment makes no sense. If “most people” couldn’t afford it…. They wouldn’t be buying them.
I have lived in Phoenix for 24 years and I would like to say that the average home should sell for $250k and the high end should sell for $500k. Now the average home is $400-500k and the high end are $1-1.5mil. The fundamentals are way off.
Average home in CA is now 900k so 400 to 500k is a steal that’s what is driving up prices
Fundamentals change. I grew up in Phoenix for the last 24 years. I think AZ is still undervalued.
@@kylebronson5 you didn't grow up here, if so you are a trader, go back to California
When a middle and even high middle class family cannot afford a home in a working class town, it’s not undervalued
Unless you’re saying undervalued for the corporations buying them? They are going to stick us all in a smart city anyway so won’t matter in a few years
It is absolutely crucial that we get some federal legislation that prevents corporate ownership of single-family residential property.
You think our legislators aren’t making money off this as well!? We’re all screwed!
You are stupid if you think the gov can or should do that!
I pay 1,400 a month for trash it’s embarrassing where I live for my apartment
Politicians are all bought off by the donors. Politicians serve their donors not the average person.
I blame companies like Netflix and Amazon, these investment companies saw how much they make a month from subscriptions fees and they realize why the hell should they buy and sell houses and only make money off you for 30 years when they could make money off you for the rest of your life by renting it to you and never losing ownership.
fear a housing crash due to people buying homes above asking prices with little equity. If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.
Consider reallocating from real estate to other reliable investments like stock, crypto or precious metals . Severe recessions offer market buying opportunities with caution, as volatility can yield short-term trading prospects. Not financial advice, but it may be wise to invest, as cash isn't ideal in this period.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.
I live here in Phoenix area and am blown away by all the ugly, soulless, dorm room looking multi family monstrosities. Terrible looking and infrastructure totally lacking. Highways getting like L.A.
Our highways are still a ways off from LA, they are MUUCH Better designed here, they flow so much better. Plus they will redesign sections that don't work well, cause bottlenecks or what have you. LA is just poorly designed period. But yes, traffic sucks for a couple hours.
I agree! The buildings are all so so ugly.
@@lisazeller7154 Still not quite as ugly as that eyesore built by Henkel at 101 and Scottsdale Road. I worked in that building from my days at Dial. It looks like an ugly European airport terminal. Even the CEO of Dial at the time said it was ugly during a company meeting. Henkel not only destroyed the Dial Corporation but all our views especially as you approach Scottsdale Rd coming north on the 101. It's like Frank Lloyd Wright architecture on a bad acid trip.
I'd rather see ugly apartments than homelessness.
Phoenix New builds have no soul. Different shades of brown with 3 different floor plans. your neighbor next door is so close to you that you can hear their conversations. Half your paycheck gets you all this!
Great analysis, the American dream has been snatched away from your kids and grandkids.
The American dream was never real.
You know why they call it the American dream? Because you have to be asleep to believe it -George Carlin
@@BrainSuspendedInFluid 🤣🤣 I remember that
@@Sound.OfVictorydenying that opportunity has been stolen from us wont change that it has been. Denial and gaslighting do not help fix the problem.
Just a reminder , Phoenix Mayor Kate Gallego. a democratic has agreed to make Phoenix one if the WEF's " 15 Minute City" . No wonder all these "apartments" are being built.
And you know she sold her soul. Maybe she knows she did...
yup, nailed it!
Yeah, free market capitalism is bad.
This WEF Army has infiltrated everything.. tyrants, and very evil. And remember; Trump's daughter was a member. I don't know if she still is, but she was
It’s actually C40 Cities
I was born and raised here in phoenix and in the last 5 years it’s gotten noticeably worse in all aspects. Homelessness, drug abuse, housing market, everything. It’s horrible and it sucks to see my home go down hill so fast
Give it a year. All those new expensive rentals will be drug houses, squatter pads, 5-10 people packed into one, sex traffic hotels, coyote houses, cartel and gang heads.
@@dead2802 for real dude I wouldn’t be surprised if
I live in phoenix and it’s RIDICULOUS the amount of apartments and houses being built… HUNDREDS anywhere you look there is new constructions i’m pretty sure there is going to be more apparments and houses than people at this point..
It’s so all the illegals have places to stay. They can just have the government pay for assisted living.
That would bring down the price
Not with all the fast-reproducing humans being imported. All those "homes" will be stuffed with people whose rent will be paid by the American taxpayer. Anyone who still can't see what's happening needs to climb out from under their rock. The American Dream is collapsing faster than the Twin Towers.
@@christianp5486
Then why hasn't it?
@@chikindonkee it's still not enough to keep up with demand
My rent increases every year. The apartments renovated the units and hiked the rent $500. Now paying $2000 a month in Gilbert, Arizona
In Gilbert? Omg I know peoples mortgage for a 4 bed 3 bath with a pool for $1600 a month in Gilbert
@@SatsMateanyone who bought before 2020 is paying $1,200-$1,600 mortgages. Post 2020 here it's a blood bath, average mortgage or rent is well above $2k.
@@robertwendal5894 You're right!
I’m paying $2500 for a 3000 sq foot house in Midwest sitting in 1/4 acre in suburbia… move
Thanks for the info.
I have lived in Phoenix since the 1950’s and it has become an extension of California. Add the blue politics and it’s lost its appeal!
TEXAS is already or not far behind 🤦
All the red states are feeling the C pain
@@annjames1837 its the spread of false beliefs in the tech industry
Yep. It sucks now
All the illeagles need free housing.
My retired parents and their retired neighbors just had their affordable rent increased by $500. Rent raises are effecting our retiree's
Learn how to use an apostrophe, then come back and post like an adult. My children are better at grammar and punctuation.
I was looking for a house in Arizona and my realtor told me the same. The investors and companies are the ones buying the houses to rent. Right now, the situation is not good for families buying homes. A neighbor said the same too. There are a lot of homes under construction going on for rent. I lived in Arizona since 1990. I remember a 3 bedrooms and two bathrooms house cost was around $28,000 to $40,000 plus......no more. Life is not hard, people just make it hard for others.
Greed 😢😢😢😢😢😢😢😢. Buy stock in tents and sleeping bags 😢😢😢😢😢😢😢😢
Greedy bastards
A 3 bedroom home in 1985 in Phoenix was selling for minimum $100k
Yes 100K minimum unless you bought outside of Valley or ghetto housing!
Apache Junction is building homes for a million people in the next 10 years in the Superstition Vista area. 276 square miles. They are working on the water problem currently. No one brings up water issue in AZ and the sustainability of it.
The story is that Arizona uses less water now than in the 70s.
Running out of water in Arizona is a huge problem! It's my biggest concern with living here.
@sv650ftw4 I would agree if it was an actual population issue, but the real water shortage boils down to the agriculture, namely the alfalfa farmers, and rich snowbirds wanting to build their golf course in the desert. Oh and man made neighborhood lakes, because swimming pools did not satisfy their absolute thirst for water consumption.
@sv650ftw4 Youre delusional and you dont go outside if you drink less than a gallon a day
Theyre replacing farmland with houses
it’s not JUST phoenix; Austin, Houston, Dallas (here in Texas) this is all going on in most major cities
Texas is growing even more than AZ lol
Miami too
At least Texas has range. All we got is Phoenix and Tucson and Prescott is barely starting to grow.
In California every new community being built has to build stack and pack apartments, they are corralling people into these cities they are called c40 cities and 15 minute cities formally smart cities thanks to the United Nations agenda 21
@@danielr3661 Good. You can have them. You guys are more of a police state than Arizona and will treat them the way they deserve. We're way more libertarian than texas and want to keep it that way.
PRAY 🙏 for me. Border jumping into mexico 🇲🇽. Hopefully i dont get deported back to the USA.
Vamos
I see what you did there
crazy part is that it's easier to own property in Mexico than in the US.
Lol
@@dezawol9786 they are deporting Americans.
113 Degrees daily. 100 Degrees at Midnight in the dark. Electric Bills $$$$$$$$$$.
Only during the summer and the highs average about 106 to 108 with 15% humidity during the summer.
In winter the weather is paradise.
Kinda like the opposite of the people who live in the north where it’s below zero in the winter.
Skateparks are locked until sundown to prevent the skaters from dying. 🥵
No thanks.
@@katydid2877 = more snowbirds. Buy two $500k homes and commute twice a year. VRBO the one you're not in and have someone else pay your bills.
@@jackb348 _" But it's a dry heat ."_ 🥵
My husband works construction on the apartment. He calls them chicken coops. They're so tiny that they're removing the living and dining rooms from apartments. They're studios for $2k a month. I do pray they rather rot.
Before you move to Phoenix, spend some time in the summer there.
I worked construction out there. Brutal summers. Even when I got out of construction and worked indoors with AC, the commute was brutal.
I don't know why people come here. Every summer, people die from heat
EXACTLY!!!!.. The summer is very long and the heat can exceed 110 to 120 degrees, no oceans or lakes to run to, cooking out is a nightmare or sunburns and scorching breezes, electrical costs are now sky high, nothing but desert conditions and every house looking exactly the same: Beige.
This guy making this video is delusional thinking people are going to buy anything in the form of a house let alone in Arizona... especially when they work in Walmart, customer service, hotel chains, etc or in short low wage jobs, your thought of buying a home is a fantasy... matter of fact people can not even afford to rent.
The worst state to live in! Please do yourself a huge favor and stop moving here
I love summer there
You will own nothing, you will have nothing.
Rent and subscription based society.
Already there…
& you will not be happy! 😢
Right wing nonsensical slogan.
@@willchristie2650 Pretty sure this isn't just right wing... just sayin
I warned everyone in Phoenix, AZ about the water crisis and saw how many apartment buildings were going up, all of the corporate landlords buying up entire neighborhoods ala Blackrock, AMH Homes, Invitation homes, Open Door, Redfin, Zillow and many more ibuyers. I saw what was coming to head, the new governor katy hobbs halted new permits, they have the water crisis, homeless crisis, job crisis and crime on the rise all the while living in a desert in an average of 113 degrees of burning skin melting dry heat for 8 to 9 months out of the year. I sold my house in the fall of 2023 after purchasing it in the fall of 2019 because the equity exploded and It was a no brainer to cash out and move out of this god forsaken place before it imploded.
Now, in hindsight, it is clear that all of these companies are just part of the grand scheme and the conspiracy to own everything. Likewise. Jeff. Bezos is just a front man, for us buying china goods and being taken over. Myspace was the pathway for Facebook. Cryptocurrency is the gateway for the CBDC. The more you research, the more you realize everything is a lie. Life as we know it is just one big fabrication.
Amen Bro! Good on ya!
Agenda 2030 being implemented perfectly
They'll get water... that's why they're geo engineering. These goons do nothing without a plan...
Yeah thank god I left that horrid place 2k a month to jus have homeless ppl do drugs outside you window
US is becoming more like C.h.i.N.A * thousands of empty buildings and millions of homeless folks 😮
agenda 2030
i've been to China, there isn't millions of homeless people. They are actually doing better than the US
There's no homeless people in China
Recalling the covid hell "they" were put thru..
China doesn't have millions of homeless you dum fuk. China ended all abject poverty thanks to socialism
Been living here my whole life, you are 💯 right on who can afford these homes!!!! It's overcrowded
I live in Phoenix and have rented from the same landlord for 25 years but he died Jan 1st and I'm not sure how long his kids will hang on to the properties before they sell. There is literally nowhere else I can afford to live. And rent goes up every single year (as well as everything else, utilities food, ect) I don't know how people are surviving. And the amount of ugly poorly constructed "luxury living" apt complexes that going up daily is destroying the look and feel of Phoenix. Like I used to love living here and I really don't anymore
They will all be coffins when the power goes off and the water is gone.
Pole shift.
You can take that to the bank!!!
Yup trying to get out of dodge soon.
johnrinke8080: Water level is dropping. No water, no A/C, no one mentions that fact.
@jgstargazer so many people's acs have gone out this summer, including my own. Most likely from the heat getting worse and worse.
They're "cell blocks".
Yea, it is looking that way.
Breeding pens.
Reminds me of Gh3TTo’s
Just like in China
@@t.g.7180 Clever , but I finally got it. Sorry to slow down the class. Thumbs up totally agree. LOL
People need to stop renting from the hedgefunds. Lets teach Wall St a lesson.
The illegals will be moved in at tax payer expense
😂
Theyll make the politicians they own to cover their losses on our backs.
Yes, but where else? People with families by large can’t or will not live in vans. I value your sentiment but just like with Gasoline, they have us by the balls on this until we all organize
Yes!!!
And when looking to sell, we should ensure selling to an actual person/family.
I have a house in Vegas that I moved from, and when I sell it, I will make sure I sell it to a human being. That's a hard line for me!
That's why there are supposed to be rules against monopolies in this country.
But your politicians need to honor their donors. That’s more important.
Pray for this to be stopped, its not sustainable for working class families.
Stop the increase in housing supply? I hope that isn't what you mean.
New housing in East Mesa for working class families have turned into ghetto like communities in 20 years.
Facts. Every empty lot has construction going on. It's nuts. Congestion is insane.
Dallas also
Every stitch of open land.... Gone! Sucks big time
Prices will keep going up until we refuse to pay or completely run out of money. What a terrible life, work two jobs including weekends for what? Seriously, are we so trapped in our phones to realize our life passing by making money for someone else.
Unfortunately, look at the situation in Vancouver Canada. Investment groups would park their homes empty for 3-10 years than to lower their rent/selling prices. The ones who lower it first would be smaller landowners as they rely the income more readily.
@@240TechGuy time to start helping each other build homes again. We didn’t always rely on the system to make us comfortable.
@@davidallen2682 I think of this every time I volunteer at Habitat for Humanity.
This is why they are trying to get rid of 2a. That would take away our ability to fight back.
It's called slavery.
There's not enough hospitals, schools nor officers/firefighters to accommodate the new builds. Education is already poor, law enforcement is already understaffed. Phoenix is a hell hole. On top of all that. Average temp. Is 110 degrees
The pressure cooker ghetto! Enjoy the nice while it last sucka 😂
What?? It’s a beautiful, wonderful place. Golf courses everywhere. Great food. Great vibe since all the elites developers from LA & SF, Chicago & NY have moved there.
Find your vibe in Phoenix my friend. Vibe out...
You obviously don't live here. Nothing you said is true. It's 110 for literally 3 months of the year. The rest of the year is in the 60s and 70s. It's the 5th largest city in the country for a reason. But the housing situation is really bad here, like the rest of the country only worse, we've seen some of the highest inflation. Phoenix used to be the of the better more affordable cities but not any longer.
Waaaaaaaahhhhh!
Yep. I bought my house in Surprise in 2019 because of the lack of apartments and rentals here. All they do is bring crime and run everything down overtime. Now there are apartments and rentals popping up left and right. On top of that, I originally had a nice military family who owned next door to me. Well, he got stationed somewhere else, and had to sell his house quickly. Yep, a bank bought it to rent it, and now I have renters next-door to me who have weeds growing out of control in the yard, and they leave their trash cans out on the street the entire week. Let’s just say I can also hear their smoke alarm chirping. I’m definitely bailing out of here before it becomes a total shit hole. I’m getting tired of buying weed killer and using it on the neighbors yard :(
Traffic is crazy, Amazon got several huge warehouses down there .
Definitely! They build one near me. It’s been vacant for almost 1.5 years. I don’t get it. It’s huge and empty
That is why Californians have been living on the street in vans and tents. $5000 a month I could buy a Prius to sleep in.
That's a nice alternative, isn't it?
Sounds like a steal…
You could live in a camper van for that price
I bought 2 cars for less then 5k. I'll sleep in both or them before I'd pay 5k a month in rent. I moved from south florida to Denver in Sept. making 4 dollars more and hour then I did in palm beach Florida
Get a toyota sienna minivan, its really comfortable with a matt inside.
Come over to Surprise, Arizona and you'll see mega communities being built. A lot of them for rent only.
Graduated ASU and left. No reason to work in Tatooine 😂
👍
I agree. I’m up in Prescott going to school and it’s $1625 base for rent. After everything it’s $1750.
@@AlderaansRanger I wonder where a lot of people are working. Maybe remote? I majored in materials engineering and moved to the Bay Area. Had a manufacturing job in San Diego briefly and when I quit drinking I moved to the Bay Area to actually do engineering. It’s expensive, but at least you’re not stuck if you lose your job. Maybe just have a commute in a different direction.
@@AlderaansRanger Rent was 850 a month when I lived at 922 place a decade ago.
😂
This why single family detached homes should not be allowed to be purchased by corporations! Imagine all the homes which would become available.
I don’t recall who said that, but I hear ya pound and clear!!! “You will own nothong, and you will like it.”
Klaus Schwab
I live in the South East Valley and its out of control, and they are trying to get 3k a month and no one can afford that either. They are building like crazy and still trying to get 650K for these cookie cutter homes
The only renters there are Intel construction crews from other states... temporary
People moving in from Cali they can afford the 3k monthly the rest are just m!grants or rich liberal freaks who think these homes are the best
Hey, thanks for visiting phoenix az. It's getting crazy over here!!!
Did 6 years of medical school in the desert. Glad I left.
When the SHTF the lights go out and *water* stops running... Get out while you can.
I just left for this reason, would not want to be there when water runs out or no ac
Yeah? Where to? You think utopia exists? Life as we knew it is over. Was over in 2019. Welcome to NWO
Absolutely...120+° is not pleasant or easy to deal with, under perfect circumstances. Water and electric shortages would be brutal.
@@ffddbp11 Not just brutal. Almost everyone will die if water and electricity stops.
i wish all these people would find another state to move to. And it seems crazy to build in a state where there is a water issue. They even stopped building permits awhile back.
They should have continued with stopping the building permits. 😡
Born and raised in AZ. My wife and I are in our mid twenties with a child, and we can attest that owning a home isn’t even an option for the foreseeable future. Even renting a decent apartment is expensive. Cost of living is going up, even in places where *quality* of living hasn’t improved.
One thing AZ does have going for it is substantial economic growth and opportunity for those who recognize it and are willing to work for it.
I live in Phoenix, these apartments started growing like a virus. There are waaaayyyy too many. If this doesn't bring rent down, I don't know what will. They are all starting to finish at the same time. Now I'm seeing discounts and free months just to get people in.
It's only good when there isn't a monopoly in the market.
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety.
Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions.
Consider a similar approach.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Jennafer Beaver Turner is the licensed advisor I use.
Just research the name. You'd find necessary details to work with to set up an appointment
Thanks, I looked her up on Google and was very impressed by her credentials. I reached out because I need all the help I can get. I've scheduled a phone call with her.
It won't do the banks any good to jack up rents when no one can afford them. People will cohabitate or become homeless to eat, few will be able to afford the luxury of renting their own place and real estate prices will collapse.
thats their plan
Landlords are using Realpage to fix the market, Realpage requires landlords to keep houses vacant until people are desperate enough to pay what the Algorithm is demanding. There's currently a lawsuit in the state against Realpage for this practice.
The world is getting ready for the new arrivals 👽
Everything this man is saying is absolutely true. My main concern is our water. Nobody’s house will be worth anything if they keep flooding the state with people and there’s not enough water to go around
Yes! Nobody seems to care about water supply,I don't think AZ has enough for all those new communities
AZ Native here...Love my State ...This is also in part due to NO PROTECTION FOR AZ NATIVES who built this economy by our hard earned TAX DOLLARS 1/3 of MY INCOME. Now i cant BUY MY FAMILY A HOME in my own home town because. WE CANT AFFORD IT....WHERE IS The Protection like other states......wheres Gov. ?? They planned for this ...its working perfectly :(
💯
What other states? This is happening everywhere because there are no protections in this country except for the rich. This country is structured as a reverse Robinhood. It's a failing shathole.
You can thank those that sold out and voted for Hobbs ;-)
Your Governor Hobbs top priority is killing babies. That’s what she tweets everyday on X.
You’re a native? I’m confused cos prices only went up about 3 years now. You have never owned?
Yeah I live here. So many apartment homes for rent instead of for sale. My rent for a 2 bedroom apartment 6 years ago was $800 a month now they’re over $1900 for the same apartments.
California is $2,800 2 bed... no gaurentee of A/C or parking. Those units are in illegal immigrant zip codes...side by side w/ Americans...whose rent is 3400 -3800 per month.
@@thebetterwave1625 it’s the Californians who made our prices go up. Stay over there lol!
I traveled back home (Phoenix) a year and a half ago and saw so much construction and building everywhere I went. It has never been like that in all my childhood and through my teenage years and I traveled the valley often. They are currently gentrifying the entire area without people realizing it. They did the same thing here in Oregon (Eugene) where I have lived the past 10 years. Crazy how everyone’s greed can make them miss the big picture.
Thank you for posting. It's a crazy market. Thanks for the input as well. Best from San Diego, CA.
How is this still legal in America? How is Amazon not considered a monopoly yet? What are we doing about this?
North Surprise, AZ is building like crazy. Houses, apartments, retail, restaurants, and warehouses along the 303. Traffic in the area is ridiculous, the citizens have requested the city to stop issuing building permits for housing until a solution can be made for the congestion.. Grand avenue exit from the 303 freeway is a nightmare, Bell rd exit is the same way, the traffic in the area gets so bad it backs up onto the freeway. If an emergency happens and they shut down the road, there is no other road to get to the homes that are located northwest.
Have you ever lived in a big city before? Traffic comes with the territory. This is nothing new.
Yeah, and they shut down 4 or 5 lanes if an accident happens. Never seen this done in other cities
The new Desert Diamond Casino is also bringing in that traffic and new building projects.
@@Son37Lumierethe area he’s talking about is about 50 minutes from the city. It’s literally the furthest northwest point of the valley. There’s about 5 towns between this specified location and Phoenix.
If you dont own your home (cash) with low taxes and insurance, people will be screwed. Modern slaves.
Hoa force?
I do own my home on 3 acres (actually 2 houses---I rent out the smaller home for $450 a month to a friend), Have a pool, hot tub, 3 outbuildings (2 sheds and a workshop). My property taxes are $200 a year. Live in an unincorporated rural area as I do. Northern AZ. Lived here since 2006. (Jan Griffiths).
Rent prices are falling???? In Phoenix???? In Scottsdale???? "I'm from Missouri!" Show me! I see absolutely NO evidence of rent prices falling to more reasonable levels in the Valley of the Sun.
I agree ! I live in the Tucson suburbs. New apartments being built on every corner. Rents don’t seem to be falling at all.
My rent went up another $25 last month
@@danieldaniels7571
I rest my case!
I'm a Real Estate Agent and Apartment Locator here in Arizona. Great video! So much truth!
My gut wrenches when I drive by 68th st and McDowell
I went to high school in north phx. Boy has that place changed since class of 89'.
World economic Forum says You will owen nothing and be happy. Remember folks 15-minute cities are about!
I own nothing now and I am not happy.
Neither do I but happiness is about health,work and peace. PERIOD💃@@nannerl6243
Nice to have unelected dictators running our lives.
YES Maricopa County is scheduled as a smart city
Will everyone be trapped in?
@@pattytucker7139 I think they said that there will be some restrictions
A bigger picture is likely at play, thus requiring a bit of critical thinking beyond the basic metrics' reasoning of old. We know what we know, but not what we don't know. Thus, something far more complex is like in the making.
I’m pretty sure you are correct.
There is "projects" being built on every corner here in Reno NV also..unbelievable! Too crowded for me. I'm ready to get out..
Lucky we have all this extra water!!
Maybe they can build a data center next that also doesn’t require tons of water
🤦♂️
Same with AMZN. Pushing all the small businesses out of the market. However, now they have TEMU and SHEIN to compete with!
Same thing here in ft Myers fl. Huge blocks of wood frame apartment buildings going up like crazy. New Single family home construction is down And prices are up. Rents are high and mortgages are even higher.
Where are the renters going to work?
@@andrewbetances1203 Good question… more likely it’s going to turn into a gov subsidized housing program like section 8. Middle class is gone, everyone will be poor and struggling while the rich stay rich. Socialism 101
Salt Lake Metro is doing this too. All the new construction over the last 4 years belongs to large corporations and is just for rent.
I live in Phoenix. I can confirm it is a nightmare currently trying to leave.
And to think between 2008-2010 you could buy a resale home that was 4-5 years old for $80,000 to $100,000.
33 months there's that number 33 again if you start looking for it you'll find it everywhere
Masonic satanists.
Yes sir...the highest degree in freemasonary
The amount of traffic is crazy right now. Just wait until everyone wants to drive to work at the same time. Cause chaos then give the 15 minute city's solution
Something I thought was weird was building rather large single family homes for rentals in bad neighborhoods with crappy schools. Who would want to rent there?
Purchased a house 4 years ago. Thank god. Shit ain't right. Can hardly drive on the roadways now without massive backups...too much demand now = prices go insane. Good LUCK California 2.0
everything you said about Private Equity and their plan is spot on. Read "Plunder: Private Equity's Plan To Pillage America". Great video!
Houses being built in the Phoenix area are mostly wood construction. And what they do NOT talk much about is the number of termites found in and around the valley. Do they spray new home lots for termites? Yes. Does it protect the home for it's entire useful life? NO! It's not IF your home will become at risk for termite infestation, it's WHEN will your home become the next target for a community of subterranean termites.
Are you not aware that termites are an issue for wood construction in a huge portion of planet Earth?
😂 the ground is treated when the house is built. It's good for 10 or 15 years......then you do it again for 1000 bucks 😂
You win bozo post of the day
dude, that's why you are supposed to tent your house. We did it about 5 years ago and plan on doing it again in 5 more years. It's part of normal home maintenance. People do that everywhere, not just Phoenix.
@@mikej238 Which is EXACTLY what I did! Sheesh! Even still it did not stop my fence, patio cover, and shed from getting infested.
Congratulations! You win ignorant post of the day!
Heard of people having scorpions too in their houses or first floor apartments.
Living in AZ, we see communist-style housing a.k.a Gettos being built all over Phx! Thank you for doing today's episode to show how it is.
Capitalist style housing are tent city on the streets
@@corrosivedevourer No, tent cities are failed Democrat policies.
@corrosivedevourer Capitalist style housing? You mean people owning their own property. Most people living in tent cities are drug addicts. Not all but most.
They are getting ready for the universal basic income!!!!
This. God's will us being done. Revelations is unfolding
UBI would be inflationary and only make everyone equally poor. The warp-speed money-printing can't continue forever.
This is true and add elderly individuals who are trying to live on social security who are having a terrible time buying food and paying electric
As a past resident - What ever happened to the 'urban sprawl' they complained about and the water shortage issues from back in the '80's? Last time I was in Phoenix it was pitiful ... all the little towns are connected - Mesa, Tempe, Glendale, used to go into the country to get to Luke AFB and Apache Junction .... So sorry to see that ....
I know. All you see is a sign that says "Welcome to Mesa" or wherever. No distinct city boundaries any more. It all is the same basic city. All run together. (Jan Griffiths).
I moved to phoenix in 2021 and bought a house. One of the best decisions I've ever made! But yes most everything being built is for rent at this point.
Cannot wait to hear the new definition of affordable.
if they fail to get significant market share in all states this could magnificently backfire. renters are far more mobile, have less kids and have significantly lower attachment to the area. can you imagine the interstate migration that will happen to wherever have laws against this. and where the masses go, money follows. I'd hate to have my money in these portfolios when that time comes.
If you can buy you should buy always. The only kind of real wealth I have ever made in my 43 years of life was from my homes I own. For a regular person it's a no brainer.
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
"Rebecca Nassar Dunne" 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.
This reference seems valid.. Just looked up her full name on my browser and found her webpage without sweat, over 15 years of experience is certainly striking! very much appreciate this.
I don't know where they are going to get water.
They are always crying about it now.
🤔
I have lived in california, arizona and colorado, all of which derived their order from the same source. I'm glad not to live in any of these places anymore, particularly since it's largely blue.
They'll just take water from the poor...that's what they usually do.
You’re right! Roswell, Ga,, new apartments all over the place.
Arizona ~ 7.5Million
Nevada ~ 2.95 Million
Top 4 counties in socal 18.5 Million
(LA,SD, orange county and Riverside)
But San Diego gets most of the water rights
The Colorado River can't support much more than 40Million ppl and it spans 7 states
It also goes to Mexico . Went down to Yuma Az. And into Mexico. Water was diverted there for a bird sanctuary. The Colorado has been drying up for years. Kingman Az. Allowed a company from Saudi Arabia and an elite from Las Vegas to plant huge fields of hay there. Used up all the underground water and destroyed many people many long time residents who no longer had water. Follow the money.
Phoenix is getting so hot in the summer, it's becoming unbearable. If we ever have a massive power outage, people will just die.
There are entire subdivisions being built right now, in Prescott, Arizona. These are single-family homes that are not being sold to families, they are being rented out to families. And you had to be making over a certain amount per year to qualify for renting one of these homes and it is leaving out a lot of Hispanic and black families. Arizona is turning into Potterville and so is the rest of the country. This needs to stop.
For Blackstone, etc. selling these homes will be like trying to squeeze water from a stone. Peoples finances are drying up fast. Maybe the bulk of these dwellings will eventually be free housing for (newcomers.)
That's what it looks like to me nationwide. New places for all the newcomers to stay in.
They aren’t selling, they are going to rent to the slave class.
Yep not for us.
But we'll still be paying those rents, with our tax dollars.
So what are we going to do about tjis???
Back in 2009, you could pick up modest but fairly new construction homes for under 100k in phoenix area.
Yup, the good old days.
Probly for all illegals...
That's what I was thinking too.
I'm in Sacramento and my house I bought for $123K in 1999 is worth $480K now, no major renovations
All these apartment houses need to stop it’s disgusting