The beginning of the end for top gov low energy humanoid Meatball Ronny Nazi DeSantos is Here. If you support a Nazi Michael what does that make you buddy? Trump 2024!!!
I’m not cheap at any means, but everything boxed or canned, I buy from Walmart. I place orders and I just pick up. All fresh stuff I get from Albertsons/ Fry’s but mostly from Costco. I don’t understand why would anyone get tuna, rice, juice, seasoning, cat food, dog food, treats, etc. from a store that is 20% higher when the item is the same. I do not buy anything from Amazon because Bezos told me that I need to get rid of my truck to save the planet, while he was placing an order for a yacht that burns more fuel in ONE HOUR than I do, all year.
Closing on a $185k home by May 30th. Buying is unaffordable, because people waste their money on bulls*it and poor life decisions. Even at the late stage of 45, im able to buy right out in full.
@@smeff099 I hear you. Sometimes I could just cry after paying taxes and into social security for 40 years, like many. Only to realize that it was all mismanaged and stolen for generations to come.
Home prices have been unaffordable for MOST for a long time, especially since incomes are not rising with it. Just because people are spending that much doesn't mean they can actually afford it. In my opinion, any house over 350K should be a frigging mini-mansion, not an ordinary 2-3 bedroom on barely 1/4 acre.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market.
Just 14 yrs ago, lots of tears, millions unemployed, millions losing their homes. Have you forgot? That was only 14 yrs ago, let all go down, crash, reset the whole sh....t.
The crash started last Summer. It always starts slowly, with everyone involved in denial for the first year. Eventually a recession causes the dam to burst.
A house I had saved on Zillow sold 5/23/2006 for 550k. It eventually sold in 2008 for 280k. No one would have believed in 2006 that houses would come down 50% in 2 years. We are in the analogous part of the cycle to 2006. The crash is just beginning.
Thanks for all the foreclosure info. Didn't know the specifics. Once again, love the scenery as you walk about, like seeing the community garden sign. Kathleen
The best place to shop for groceries is Aldi. It's still cheaper than Walmart. As someone who's lived in a country with high inflation before this is usually what happens with groceries: packages become smaller with the item costing about the same as in the bigger package. I told that to my son years ago and now we are starting to notice it happening. Just watch the packages going smaller and smaller. It's such a shame to see this country going through that.
One of the perks of living in rural Wyoming… Things don’t really drop in value when other cities are getting hit hard…But on the other side, things don’t appreciate much. 😆
@@DIVISIONINCISIONMost people feel the same way, which is why it’s the least populated state in the nation. Although those of us here surely aren’t complaining that they stay tf out. ;) The winters are also pretty next-level and many people that move here - pretty quickly move back out after their first winter. It ain’t a state for the faint of heart.
This is happening in St Paul. One or two house listed on our block. Neighbor realtor said there's a housing shortage. A month later there were eight houses in total on our block and the block behind us. Two sold. More coming on line. Incredible. Hear the same story from realtor, there's a housing shortage. What is happening?
I am glad I am a single family home owner in a very nice and reasonable HOA community here in Florida. So far after some five years of ownership in the community no major problems.
Exactly. I see it leveling off but people who have seen their homes increase by 40% and are sitting on a 2.99 interest rate, are going to need a ton of bad news to be forced to sell. It’s extremely unlikely any of these scenarios will play out the way potential buyers would like.
@@straightdrive6192 exactly. I think we are going to see a continuing shortage of inventory, especially in desirable locations, for years to come. In concentrated areas where you cannot expand outward, there is little reason for longterm owners to sell. Their homes have appreciated considerably and developers cannot meet the demand. In St. Pete developers can only purchase lots individually and then bulldoze the existing home. Do you think they’re going to build a small home on a lot they paid a premium for? Nope! They’re going to build a giant home (2.2-3k Sqft) on a 5k Sqft lot and there are more than enough people willing to buy it.
Home prices are over inflated. I look at houses and for what they are asking, I expect more than what they have to offer. Houses are cookie cutter or on small lots or too close to the next house and you can jump from roof top to roof top. People are aging and builders are not building single story houses because they take up more land and builders want to make use of every square inch of land. We are in limbo because we are in a recession and near a depression.
We the consumers are the ones causing this. It’s all supply and demand, then the gov’t steps in with taxes and stuff depending on how we spend in the market.
@@GoSamOGo Inflation is out of hand because of out of hand government spending. When you spend more than you make adjustments must be made. There not and inflation will not go down to a acceptable level. Consumers aren't the problem.
There was a time when we " made it here", we had jobs for everyone and the products were of high quality, then the 1% wanted everything. Now Inflation drives prices up and if Inflation is high and jobs disappear by the millions we are in a recession and maybe headed for a Depression...So be careful with your money. It may take decades to get back on pay again. Luck to all..
I noticed 2 new homes , 2 blocks over , they are still up for sale. They are to expensive. I don't feel now is a time to buy anything expensive, better off saving $$$$$ , when hard times come, at least you have money sit aside. Or if a bill arrives , that you didn't expect , at least you will have the money to pay it. Live within your means!!! To many people keeping up with the Joneses or in debt.
Don't know if you have been in a Walmart store recently, but their vegetable selection is actually quite good. Because of the high turnover rate, the stuff is pretty fresh. Aldi's by us is a good place to buy your groceries and because of their low overhead they are able to pass those savings to the customer. Just info.
@@kjay5056 "Fresh" does not mean the produce actually contains vitamins and minerals your body wants. Granted it's not all produce, but a lot of it seems very bland and tasteless lately. Tomatoes for one are completely gross at the supermarket... all of them.
@@timothyandrewnielsen The point of fresh was their produce is as good as the majority of supermarkets without the 20% markup and because of their size they can negotiate a better price than most supermarkets
Good points! The one good thing about owning real estate (having the Title) is that you can live in it/on it no matter what the market is. Try doing that with currencies or digital assets. Real stuff is a beautiful thing . . .. Gold, silver, art, jewelry, etc. . . allows one to trade when currencies fail also.
Yea the home buying experience in CT is an absolute joke. I’m not paying over $300k for an 3 bd 1 bth without a garage and basement. The pickings are very slim
Prices have to drop so much for you to "save" money from being sidelined past three years, I hope it pays off for everyone that waited but am really doubting it at the moment.
Ya I grew up in a very small town in Ohio. And me and my wife bought are first home 7 yrs ago in a small town 15 min from where I grew up. We got a steal on my the home my wife and I bought and I am so glad we bought this home when we did and for what we paid for it. My wife kinda wanted to keep looking before we decided to buy this home, but I talked her into just getting it cause I knew it was best deal we find then cause we had already looked at a ton of homes for a year up to that point. Plus what worked in are favor is the night it was listed on internet we seen it and scheduled to see it next day and within I say two weeks we where signing papers, but reason why we got it for price is cause his wife wanted divorce out of blue the husband told me and she wanted sold now. So we got are home for $ 72,000 3.5% interest on 20 yr loan. Are house is a 3 bedroom 1 n 1/2 bath 1 car garage with AC paved driveway fenced in back yard about quarter acre fenced and is on a 11/2 acres of land. So since housing has went crazy since we bought and no matter really what housing did we bought at such a great deal I can never see us being upside down in are home, but with housing sky rocketing last time I looked are house was estimated around 200k and that was 4 months ago, and now my wife can’t be more pleased about me talking her into this home. I say all that to say this, your home is the biggest investment majority of us will buy don’t rush it, take a breather as ur gong to open house after open house. The price of homes now and the Interest is so high that u do not want to over pay for any house and I believe there are a ton of people that have totally overpaid for there home and add the interest rates on top I don’t see how they will get out of home without owing a lot of $ or bankruptcy. I am sure most have heard a message like that but just don’t want you to forget as ur out there trying to buy the biggest purchase of ur life. U don’t have to buy tomorrow so take time and if I can’t afford the home or it’s not right DONT DO IT, it may destroy ur finances for rest of life or a good portion. Hope u all have a good day and keep ur heads up in stop worrying about keeping up with anyone but urself and what makes u happy and how u look in the eyes of others because of ur big house u can’t afford or wish u didn’t get or that nice 70k truck that is not worth it. Only opinion that u should care about in the eyes of others is how u are as a Person and as long as u know in your heart ur a good person that has good morals and u stand up for what u feel is right and u buy the home and vehicle that u feel u can afford and that u love then that’s all matters. To many people worry about what the dude or lady down the street will say and I don’t give a flying F. I wear and do what I want, I pay my bills not them and stop stop worrying about what other people think or do them people may b about to loose everything or whatever so worry about u and yours and keep that outside noise, OUTSIDE!! Have a great day and a blessed Life
@@Anon_nymous no surprise. People bought at the top of the market and then came this crappy economy, for those who were already struggling it must be getting hard.
@@i_heart_dollhouses7327 Definitely. I have some friends and even family who bought between mid 2020 and 2022. They bragged about their low mortgage rates but ignored their record high price tag and they didn't budget this runaway inflation. It's gonna get worse b4 it gets better.
Hey Michael, I binge your new uploads once a week. I have held off buying a house with my brother this year, rent is just too good compared to the junk homes on the market, bad price-quality ratio. What are your thoughts about building a new home on a lot these days? Thanks and keep up the great work!
Not understanding the demand in Florida. Yes, it's coastal and you're near the water, but your home insurance will be more, and housing costs are ridiculous, whether you're talking a house, condo or renting an apartment. Do people think about these factors before deciding to move? Most of US consumers are sheep. Florida gators love sheep.
The best is realtors selling Tampa Bay. People are buying homes in the exurbs to be near the beach and the traffic to actually get there is insane. So basically you pay 400k to live 35 miles from the actual beach in filled in swamp.
I'm in the Albany, NY region. Home inventory is picking up from what is was, although slowly. Existing home prices are beginning to fall. New listings seem to be priced about where they should be and were prior to 2020. New construction is still priced very high and isn't selling. Rents continue to increase along with all other expenses. People in the grocery aisles look seriously distressed & layoffs haven't even begun here, yet.
I live in CA and never understood my friends & family talking abt groceries from Walmart until i visited other states. Theirs were like a mall, from groceries, clothes, garden ctr and oil changes. The CA stores just started doing full on groceries over the last few years. The Walmart closest to my house actually took out the McDonald's and made that entire area the grocery store. But I don't buy groceries from Walmart because i find Food4Less to be much cheaper.
Even in the Midwest, housing still doesn't make sense at these interest rates. You have to remember that the Midwest is a low cost of living area since there is overall less employment with lower wages. Housing in the Midwest should be cheap for that reason.
Chattanooga, TN is still crazy expensive and still seeing a shortage of houses here for sale. When will the "big draw" cities that saw a lot of growth see the prices go back down? It's frustrating.
There is no exact timeline because it really depends on how long it takes for the economy to break. Once you start seeing the unemployment rate tick up, that's when.
I moved to a small tourist town in the midwest in 2021. There are a few regional chains and a healthy market, but Walmart has the best selection of the foods I buy. I do have a budget and just shop for those items. I don’t wander around the store looking for things to buy like Walmart would like me to do.
My only reason to sell my home is to get a bigger nicer house for cheaper. I don’t mind giving up my 2% rate for a home that’s been discounted by 30%. Before you ask I refuse to pull a HELOC so even if I lose 30% on my house I won’t be underwater. HELOC’s are the real handcuffs. Not the sub 3% rates
These people jumping into homes at these high prices have no idea how immensely large is the USA. There is more than enough land for the whole world in the US 100x over and over 😂
Sellers and realtors are waking up. Sellers thought they could wait it out until “spring 2023”. They are realizing it’s going to be a long slow grind down. Capitulation.
The government shot themselves in the foot by putting the “gift of a lifetime” interest rates at 3-4%……… now those homeowners don’t wanna sell………..why would they.
Under 2 scoops of quail feed is 6 eggs a day or more though half gets flung out. Less than too tired to do the math. Maybe 10 cents an egg or less. Their eggs are expensive in stores and they're small. No shortage of eggs for me.
As you alluded to, nationwide, 36% of home sales in 2022 were all cash deals. That makes mortgage rates less relevent, and makes it hard for less wealthy buyers.
You can say a 300k house in Connecticut is affordable but In my area of Connecticut I've seen houses sell 100k over what they were 2 or 3 years ago. Plus a 300k house is a 1,000 sq ft ranch on a quarter of an acre. You get a tiny little house for that. In 2019 you could get a 2,000+ sq ft house for under 300k. Prices may seem reasonable in Connecticut if your moving from California but they have still doubled and tripled in the past 2 or 3 years.
That is definitely confirmed. I showed in a video from one of my viewers in Lake in the Hills Illinois with a 9K property tax bill for a house that's worth 300 K
Arizona -- a 3br 2bath home that was purchased in 2016 for 295.5k just listed 5 days ago for 688k. Up 132.8%. Nothing special 1600 sq ft. It’s ridiculous and I don’t see prices dropping yet .. I sold a home last year .. purchased for 214k sold for 330k. The trend continues. Where are the prices (in the West) falling in your data? TY for the content.
If the fed drops rates more people will enter the market thus leading to a smaller inventory of available homes. There are factors that push people to sell but if your home has doubled in value since 2010-2019, why would you ever sell into a market where you can no longer afford a home. It’s better to sit on a the home you already have.
Stop listening to these guys saying house price is going to crash. It is not. There is low supply and high demand and it’ll remain like that for a long time period
I actually bought a brand new house right before the crash in florida in 07-08. Paid top dollar at the time was 145000. They value that same house right now on zillow at 243000. Florida is much worse right now prepared to then.
You have to also look at the quality of products that Walmart is selling now. They have organic items and healthy food items that they did not used to have that they now have that are attracting more younger customers and people who eat healthier that we’re not eating food at Walmart before they had all the organic and stuff like that.
U got that Right On Name Brands like 40% off and Beer Good. Free Delivery By Nice Persons not Felons..I'm HC in Store at 7an 5* treatment No One There..ALOHA
Walmart in Canada sucks...some groceries may be cheaper if they are not sold out on certain specials. I keep away from Walmart. My app on my phone can give me the best deals at other stores and 99% of the time they are across the street from each other.
I’ve seen some homes in my area in TX going for a reasonable amount but when I checked them out they were all major fixer uppers, like needing $60-100k in repairs which made their asking price ridiculous.
Get an RV like my neighbors did and a new place to live whenever you feel like it. Full sized everything in it. Sold their house for it. Yep 2020 and 2 weeks to flatten the curve. Got out and on the road. Different states had different rules so if one sucks move on.
Thanks for discussing the foreclosure process, there are lots of mysteries to it for many of us average buyers. Sounds like you need the wealth first, or insider information.
Walmart's Great Value (their brand) prices e.g. salad dressings have doubled since 2019 (not exactly the inflation rate). Yet they are still cheaper than national brands.
"Everybody's doing it.". How true. I like this channel Michael. Lots of interesting topics. You're a good news anchor. I hope this new career brings you much success. 🦋
i don't see how this is bad news, this is wonderful because the current prices of homes are making affording a home impossible and putting pressure on apartments as well making them expensive.
Another excellent video and topic. I live near Fort Bragg NC and in a 500+ neighborhood. 6 homes went up for sale on our street last week. Mostly soldiers received orders to a new permanent station somewhere in the world.
The HOA fees and property taxes are so high, we would like to buy in Florida, but trying to find a place on the beach, ocean front, to move full time ourselves, verses buying for investment to rent out, is just too expensive. I realize the reason the HOA's for beachfront vacation places goes for managing and renting out your place, and you usually obviously profit, but can officially tax wise only able to use your place yourself just for 2 weeks out of a year, and so wondering if you can give us some ideas or just your thoughts on buying a place to enjoy the beach, but not have high HOA's. We'd love to get in touch with you to discuss moving to Florida, from TN. Maybe your parents would like to trade homes! I saw your video you did with your parents a few days ago, and loved it! ❤👍🏽
I'm curious whether you have noticed all of the real estate experts (wink) who have recently started using your roving-the-neighborhoods style in their videos. I've seen several in the last month or so, and they've all started doing it just recently. Imitation is the sincerest form of flattery. 😉
Just for the record "Skyrocketing" home values is NOT NORMAL in any circumstance. People have gotten use to prices just climbing by crazy amounts every year. That is NOT NORMAL. The normal rate of price increases in home values historically, is 3-5%, NOT 15%.
![Yeat & Quavo - 5BRAZY [Official Music Video]](http://i.ytimg.com/vi/4XxnTAwyxus/mqdefault.jpg)
CRAZY Expenses For Condo Owners Send Buyers RUNNING FOR THE HILLS ruclips.net/video/ZWDn5RfP2AI/видео.html
The beginning of the end for top gov low energy humanoid Meatball Ronny Nazi DeSantos is Here. If you support a Nazi Michael what does that make you buddy?
Trump 2024!!!
I’m not cheap at any means, but everything boxed or canned, I buy from Walmart. I place orders and I just pick up. All fresh stuff I get from Albertsons/ Fry’s but mostly from Costco. I don’t understand why would anyone get tuna, rice, juice, seasoning, cat food, dog food, treats, etc. from a store that is 20% higher when the item is the same. I do not buy anything from Amazon because Bezos told me that I need to get rid of my truck to save the planet, while he was placing an order for a yacht that burns more fuel in ONE HOUR than I do, all year.
Closing on a $185k home by May 30th. Buying is unaffordable, because people waste their money on bulls*it and poor life decisions. Even at the late stage of 45, im able to buy right out in full.
Mr. Bordanero would have sold his condo already and took the equity if market is crashing. 😂
@@diy5729 late stage of 45? Your kidding right? Hahaha
The only thing that is skyrocketing is stress and uncertainty in this economy.
My stress is only raising because I know this isn't sustainable, yet the gov refuses to stop steal future generations wealth to pay now. (Debt)
@@smeff099 I hear you. Sometimes I could just cry after paying taxes and into social security for 40 years, like many. Only to realize that it was all mismanaged and stolen for generations to come.
This administration has to go, especially dirt bag Biden!
Prices. Went grocery shopping and prices are up again!
@@junserafin5241
Just got back from the grocery store and Ruffles chips were $5.99/bag!!!!!!!
Home prices have been unaffordable for MOST for a long time, especially since incomes are not rising with it. Just because people are spending that much doesn't mean they can actually afford it. In my opinion, any house over 350K should be a frigging mini-mansion, not an ordinary 2-3 bedroom on barely 1/4 acre.
I agree with that.
100%
The price is ludicrous
Zero lot lining homes. All house, no yard!
Zillow says my 1960s 1400 sq ft home is 347k... Its absurd. Media needs to stop giving companies like Zillow credibility.
@@backrack01 And Zillow's often rather low on price estimate... you should see some of the Redfin estimates.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market.
Just 14 yrs ago, lots of tears, millions unemployed, millions losing their homes. Have you forgot? That was only 14 yrs ago, let all go down, crash, reset the whole sh....t.
No that's what happens when you give people loans with no money down.
The crash started last Summer. It always starts slowly, with everyone involved in denial for the first year. Eventually a recession causes the dam to burst.
A house I had saved on Zillow sold 5/23/2006 for 550k. It eventually sold in 2008 for 280k.
No one would have believed in 2006 that houses would come down 50% in 2 years.
We are in the analogous part of the cycle to 2006. The crash is just beginning.
Thats right, this is just the beginning
You and Michael are dreaming.
@@bigmike9433 You're in denial.
@@bigmike9433 They're looking at the data. What are you looking at? Fantasy Land.
@@petersheenan4482 What "data" are they looking at ? Lol
Thanks for all the foreclosure info. Didn't know the specifics. Once again, love the scenery as you walk about, like seeing the community garden sign. Kathleen
The best place to shop for groceries is Aldi. It's still cheaper than Walmart. As someone who's lived in a country with high inflation before this is usually what happens with groceries: packages become smaller with the item costing about the same as in the bigger package. I told that to my son years ago and now we are starting to notice it happening. Just watch the packages going smaller and smaller. It's such a shame to see this country going through that.
One of the perks of living in rural Wyoming… Things don’t really drop in value when other cities are getting hit hard…But on the other side, things don’t appreciate much. 😆
Wyoming and Utah is a beautiful states, just drove through them several weeks ago.
...but who wants to live in Wyoming? I could transfer within the Federal agency I work for, but there's nothing there. No point.
@@DIVISIONINCISIONMost people feel the same way, which is why it’s the least populated state in the nation. Although those of us here surely aren’t complaining that they stay tf out. ;) The winters are also pretty next-level and many people that move here - pretty quickly move back out after their first winter. It ain’t a state for the faint of heart.
A lot like the midwest
Did it stop snowing yet? Could explain lower population. Cold enough in Michigan.
This is happening in St Paul. One or two house listed on our block. Neighbor realtor said there's a housing shortage. A month later there were eight houses in total on our block and the block behind us. Two sold. More coming on line. Incredible. Hear the same story from realtor, there's a housing shortage. What is happening?
Gross income look good on paper but what people net or bring home pay tells the true affordability crisis!!!!
I am glad I am a single family home owner in a very nice and reasonable HOA community here in Florida. So far after some five years of ownership in the community no major problems.
Thank you for your EXCELLENT content and/or coverage Michael!
Here in NE, there isn't even a hint of a housing downturn. Very little supply and lots of buyers waiting.
Yep, but it was the same in 08. New England was the last to drop.
But prices are not decreasing in California, if you consider last 3 years prices increased 30-50%, a decrease of 3-4% doesn't mean anything.
Same in Seattle. Up 40% since 2019 and now down 5%-10%
To get to a 10-20-30-40% decline you have to start with 1-4%+…..
Exactly. I see it leveling off but people who have seen their homes increase by 40% and are sitting on a 2.99 interest rate, are going to need a ton of bad news to be forced to sell. It’s extremely unlikely any of these scenarios will play out the way potential buyers would like.
@@Amanda-zg9pz I think the same, I could keep my
Home even if it goes down ,
@@straightdrive6192 exactly. I think we are going to see a continuing shortage of inventory, especially in desirable locations, for years to come. In concentrated areas where you cannot expand outward, there is little reason for longterm owners to sell. Their homes have appreciated considerably and developers cannot meet the demand. In St. Pete developers can only purchase lots individually and then bulldoze the existing home. Do you think they’re going to build a small home on a lot they paid a premium for? Nope! They’re going to build a giant home (2.2-3k Sqft) on a 5k Sqft lot and there are more than enough people willing to buy it.
Home prices are over inflated. I look at houses and for what they are asking, I expect more than what they have to offer. Houses are cookie cutter or on small lots or too close to the next house and you can jump from roof top to roof top. People are aging and builders are not building single story houses because they take up more land and builders want to make use of every square inch of land. We are in limbo because we are in a recession and near a depression.
Unemployment is the key. Once income goes so do housing
Unemployment is a lagging indicator
Unemployment rate is 3.5%
We the consumers are the ones causing this. It’s all supply and demand, then the gov’t steps in with taxes and stuff depending on how we spend in the market.
@@GoSamOGo Inflation is out of hand because of out of hand government spending. When you spend more than you make adjustments must be made. There not and inflation will not go down to a acceptable level. Consumers aren't the problem.
Simultaneously interests rate will fall and there will still be plenty of pent up demand. Thee will be no crash. Inventory is too low
There was a time when we " made it here", we had jobs for everyone and the products were of high quality, then the 1% wanted everything. Now Inflation drives prices up and if Inflation is high and jobs disappear by the millions we are in a recession and maybe headed for a Depression...So be careful with your money. It may take decades to get back on pay again. Luck to all..
I noticed 2 new homes , 2 blocks over , they are still up for sale. They are to expensive.
I don't feel now is a time to buy anything expensive, better off saving $$$$$ , when hard times come,
at least you have money sit aside. Or if a bill arrives , that you didn't expect , at least you will have the money
to pay it. Live within your means!!! To many people keeping up with the Joneses or in debt.
Sadly though, like most grocery stores, Walmart's grocery items are not real food either.
So true. We are being fed some serious garbage. I can barely find produce that is quality anymore.
Don't know if you have been in a Walmart store recently, but their vegetable selection is actually quite good. Because of the high turnover rate, the stuff is pretty fresh. Aldi's by us is a good place to buy your groceries and because of their low overhead they are able to pass those savings to the customer. Just info.
@@kjay5056 "Fresh" does not mean the produce actually contains vitamins and minerals your body wants. Granted it's not all produce, but a lot of it seems very bland and tasteless lately. Tomatoes for one are completely gross at the supermarket... all of them.
@@timothyandrewnielsen The point of fresh was their produce is as good as the majority of supermarkets without the 20% markup and because of their size they can negotiate a better price than most supermarkets
Here in NJ I noticed that most homes in my area are sold to people escaping NY
homes in NJ and NY prices are sky high .
Give me some
Zip codes. I want to go buy over there
Ha ha ha ha
There is no inventory in Bergen County or on the border in Rockland. The school districts are excellent. Old Tappan is getting way too crowded.
@@drosas85 Do you want to be in the Merto Area? You have South or Central Jersey too. Do you want the mountains or the beach.
US prices are nothing compared to houses in New Zealand - the average house in my city is 900k+
So sad
Same, I just sold my 700 sq feet condo for 325k euros in the Netherlands
Good points!
The one good thing about owning real estate (having the Title) is that you can live in it/on it no matter what the market is.
Try doing that with currencies or digital assets.
Real stuff is a beautiful thing . . ..
Gold, silver, art, jewelry, etc. . . allows one to trade when currencies fail also.
I heard about those Wal Mart numbers earlier and those are frightening. Many people are shopping there now when once they would never be seen in one.
Yep
I love that park, it is beautiful I'm so glad you walked through that one again.
Me too, one of my favorite spots to always come back to
Yea the home buying experience in CT is an absolute joke. I’m not paying over $300k for an 3 bd 1 bth without a garage and basement. The pickings are very slim
I'm in RI, it's terrible. I make good money but i'm single so spending $400k on a starter home is a tough pill to swallow.
Prices have to drop so much for you to "save" money from being sidelined past three years, I hope it pays off for everyone that waited but am really doubting it at the moment.
Ya I grew up in a very small town in Ohio. And me and my wife bought are first home 7 yrs ago in a small town 15 min from where I grew up. We got a steal on my the home my wife and I bought and I am so glad we bought this home when we did and for what we paid for it. My wife kinda wanted to keep looking before we decided to buy this home, but I talked her into just getting it cause I knew it was best deal we find then cause we had already looked at a ton of homes for a year up to that point. Plus what worked in are favor is the night it was listed on internet we seen it and scheduled to see it next day and within I say two weeks we where signing papers, but reason why we got it for price is cause his wife wanted divorce out of blue the husband told me and she wanted sold now. So we got are home for $ 72,000 3.5% interest on 20 yr loan. Are house is a 3 bedroom 1 n 1/2 bath 1 car garage with AC paved driveway fenced in back yard about quarter acre fenced and is on a 11/2 acres of land. So since housing has went crazy since we bought and no matter really what housing did we bought at such a great deal I can never see us being upside down in are home, but with housing sky rocketing last time I looked are house was estimated around 200k and that was 4 months ago, and now my wife can’t be more pleased about me talking her into this home. I say all that to say this, your home is the biggest investment majority of us will buy don’t rush it, take a breather as ur gong to open house after open house. The price of homes now and the Interest is so high that u do not want to over pay for any house and I believe there are a ton of people that have totally overpaid for there home and add the interest rates on top I don’t see how they will get out of home without owing a lot of $ or bankruptcy. I am sure most have heard a message like that but just don’t want you to forget as ur out there trying to buy the biggest purchase of ur life. U don’t have to buy tomorrow so take time and if I can’t afford the home or it’s not right DONT DO IT, it may destroy ur finances for rest of life or a good portion. Hope u all have a good day and keep ur heads up in stop worrying about keeping up with anyone but urself and what makes u happy and how u look in the eyes of others because of ur big house u can’t afford or wish u didn’t get or that nice 70k truck that is not worth it. Only opinion that u should care about in the eyes of others is how u are as a Person and as long as u know in your heart ur a good person that has good morals and u stand up for what u feel is right and u buy the home and vehicle that u feel u can afford and that u love then that’s all matters. To many people worry about what the dude or lady down the street will say and I don’t give a flying F. I wear and do what I want, I pay my bills not them and stop stop worrying about what other people think or do them people may b about to loose everything or whatever so worry about u and yours and keep that outside noise, OUTSIDE!! Have a great day and a blessed Life
Walmart is so busy, and farther away, than my closer grocery store.
Everyone needs to start to sing, 🎼Riding the Storm Out 🎼. By REO Speedwagon
Over the last week there has been 10-15 foreclosure notices each day in the paper.
Wow. Where's that exactly?
@@i_heart_dollhouses7327
Miami
@@Anon_nymous no surprise. People bought at the top of the market and then came this crappy economy, for those who were already struggling it must be getting hard.
@@i_heart_dollhouses7327
Definitely. I have some friends and even family who bought between mid 2020 and 2022. They bragged about their low mortgage rates but ignored their record high price tag and they didn't budget this runaway inflation. It's gonna get worse b4 it gets better.
Colorado
Hey Michael, I binge your new uploads once a week. I have held off buying a house with my brother this year, rent is just too good compared to the junk homes on the market, bad price-quality ratio. What are your thoughts about building a new home on a lot these days?
Thanks and keep up the great work!
Time to shop around, yet not in this town. Thank you for the view, Blessing .
My favorite area ever, aside from Coral Gables is Indian Creek in Miami Beach.. The homes there are just gorgeous. ❤ I love historical type Homes.
Stop dreaming you will own nothing and be happy
Try Georgia! Historic homes that are affordable 😉
Not understanding the demand in Florida. Yes, it's coastal and you're near the water, but your home insurance will be more, and housing costs are ridiculous, whether you're talking a house, condo or renting an apartment. Do people think about these factors before deciding to move? Most of US consumers are sheep. Florida gators love sheep.
The best is realtors selling Tampa Bay. People are buying homes in the exurbs to be near the beach and the traffic to actually get there is insane. So basically you pay 400k to live 35 miles from the actual beach in filled in swamp.
Excellent channel. Honest and factual. How about a tour through a townhouse area in a city???
This is lagging data too.
Thats right
I'm in the Albany, NY region. Home inventory is picking up from what is was, although slowly. Existing home prices are beginning to fall. New listings seem to be priced about where they should be and were prior to 2020. New construction is still priced very high and isn't selling. Rents continue to increase along with all other expenses. People in the grocery aisles look seriously distressed & layoffs haven't even begun here, yet.
I live in CA and never understood my friends & family talking abt groceries from Walmart until i visited other states. Theirs were like a mall, from groceries, clothes, garden ctr and oil changes. The CA stores just started doing full on groceries over the last few years. The Walmart closest to my house actually took out the McDonald's and made that entire area the grocery store. But I don't buy groceries from Walmart because i find Food4Less to be much cheaper.
Yeah well, someone forgot to tell that to the property tax assessors in my county. My assessment went up by 70k which means my taxes shot up with it.
Even in the Midwest, housing still doesn't make sense at these interest rates.
You have to remember that the Midwest is a low cost of living area since there is overall less employment with lower wages. Housing in the Midwest should be cheap for that reason.
Chattanooga, TN is still crazy expensive and still seeing a shortage of houses here for sale. When will the "big draw" cities that saw a lot of growth see the prices go back down? It's frustrating.
I have driven through there. It's not much to speak of...
There is no exact timeline because it really depends on how long it takes for the economy to break. Once you start seeing the unemployment rate tick up, that's when.
Chattanooga is a WEF run city. No thanks I'll pass
Move 10 minutes outside Chattanooga it's dirt cheap
Home prices were and still are outrageous. How can a 1500 sq feet house in a crowded city be $300,000. That is insanity.
that is actually cheap if you live in southern california lol
Average home price here in Denver is close to $600k! A single family home for $300k doesn’t exist.
In central California I have seen a condo of less than 800 sq ft be more than $550k… and I’m sure I haven’t seen the worse yet.
@@ms.b9093 Salt Lake City you can't get anything for less than $550k. Nothing below that price exists.
Prices aren't going down much don't get your hopes up. Still a major shortage in homes.
I moved to a small tourist town in the midwest in 2021. There are a few regional chains and a healthy market, but Walmart has the best selection of the foods I buy. I do have a budget and just shop for those items. I don’t wander around the store looking for things to buy like Walmart would like me to do.
In and Out But sometimes 2 for 1 is BACK🤑🤑🤑
My only reason to sell my home is to get a bigger nicer house for cheaper. I don’t mind giving up my 2% rate for a home that’s been discounted by 30%. Before you ask I refuse to pull a HELOC so even if I lose 30% on my house I won’t be underwater. HELOC’s are the real handcuffs. Not the sub 3% rates
I’ve always shopped at Walmart for groceries because I’m cheap but you’re right much more ppl there recently
Good video and interesting point about Walmart groceries. I've been shopping at Aldi for years now
Some of those trees are spookier than the wizard of oz !
right out of Mirkwood forest
He walking thru economic hell!
Hawaii got a lot Too.
@@jimshoe402 didn't know that!! About trees in Hawaii
Just wait until Wall Street corrects and all them monthly statements go out.
Inflation is NOT DOWN!!
I live in Minneapolis. Listings are way over priced.
These people jumping into homes at these high prices have no idea how immensely large is the USA. There is more than enough land for the whole world in the US 100x over and over 😂
$300K is to high when when we factor in wages ,interest rates & taxes plus other paycheck /income deductions!!!!
Walmart and Home Depo are not selling stuff. Only necessities, food is moving.
Sellers and realtors are waking up. Sellers thought they could wait it out until “spring 2023”. They are realizing it’s going to be a long slow grind down. Capitulation.
The crash will start first in the commercial market
I am concerned about the big city commercial and retail real estate
Tall empty business office towers too
How much is Michael Bordenaro viewership up year-over-year? 🤔
He’s preying n the weak morons who believe his gloom and doom predictions
If you're looking to save on groceries, I hear Bud Lite is on sale.
I am beginning to see a fair number of houses for sale near me in Delaware, but the prices are high, so they are not selling.
Great contents, Mike. Thanks from all your subscribers....
A cool video idea would be compare a typical 350k house to say 550k. I did this on an app and you get double the house and way better location
Interesting
The government shot themselves in the foot by putting the “gift of a lifetime” interest rates at 3-4%……… now those homeowners don’t wanna sell………..why would they.
Here outside of Tampa bay prices are staying strong.....
Can never underestimate the power of sheep
Well said. Its that simple.
The sheep,are the idiots who believe bordenaro. I hope,that’s what you’re referring to
Box of 5 dozen eggs was up to 16 dollars in Walmart last week. Now is 6 dollars.
I noticed eggs came way down. For a few months there it was like .75 more for the organic ones so I was like why not. Now I am back to the cheap stuff
Under 2 scoops of quail feed is 6 eggs a day or more though half gets flung out. Less than too tired to do the math. Maybe 10 cents an egg or less. Their eggs are expensive in stores and they're small. No shortage of eggs for me.
I live in CT, no one wants to move to Hartford
As you alluded to, nationwide, 36% of home sales in 2022 were all cash deals. That makes mortgage rates less relevent, and makes it hard for less wealthy buyers.
Not sure ,still low inventory ,may keep prices high
Will prices EVER fall in NYC?? 😢 I don't think so. Oh well.
You can say a 300k house in Connecticut is affordable but In my area of Connecticut I've seen houses sell 100k over what they were 2 or 3 years ago. Plus a 300k house is a 1,000 sq ft ranch on a quarter of an acre. You get a tiny little house for that. In 2019 you could get a 2,000+ sq ft house for under 300k. Prices may seem reasonable in Connecticut if your moving from California but they have still doubled and tripled in the past 2 or 3 years.
I’m the Chicagoland area, taxes are just TOO HIGH!! You can expect to pay 6-12k/year in prop tax. So buying a house at 575k your payment will be HIGh
That is definitely confirmed. I showed in a video from one of my viewers in Lake in the Hills Illinois with a 9K property tax bill for a house that's worth 300 K
You couldn't pay me enough to live in Chicago
Arizona -- a 3br 2bath home that was purchased in 2016 for 295.5k just listed 5 days ago for 688k. Up 132.8%. Nothing special 1600 sq ft. It’s ridiculous and I don’t see prices dropping yet .. I sold a home last year .. purchased for 214k sold for 330k. The trend continues. Where are the prices (in the West) falling in your data? TY for the content.
What about when the fed starts to drop rates. Won’t a lot of sellers list because they need to move but couldn’t rebuy with high rates?
If the fed drops rates more people will enter the market thus leading to a smaller inventory of available homes. There are factors that push people to sell but if your home has doubled in value since 2010-2019, why would you ever sell into a market where you can no longer afford a home. It’s better to sit on a the home you already have.
1/1 Bed/bath around here in SD ---- 15-20 min from the beach with homeless around ---- 385-450K ---520-690 sqf ...
Stop listening to these guys saying house price is going to crash. It is not. There is low supply and high demand and it’ll remain like that for a long time period
Last crash saw 3 places crash the hardest: South Florida, Los Angeles, and Las Vegas.
Florida is not nearly what it was back in 2008-2010.
@@rjo8500 You're right. It's much worse.
I actually bought a brand new house right before the crash in florida in 07-08. Paid top dollar at the time was 145000. They value that same house right now on zillow at 243000. Florida is much worse right now prepared to then.
Really? Dropped 1.7%? Sh!t, now we can all afford homes!
You have to also look at the quality of products that Walmart is selling now. They have organic items and healthy food items that they did not used to have that they now have that are attracting more younger customers and people who eat healthier that we’re not eating food at Walmart before they had all the organic and stuff like that.
U got that Right On Name Brands like 40% off and Beer Good. Free Delivery By Nice Persons not Felons..I'm HC in Store at 7an 5* treatment No One There..ALOHA
Hello from Sydney, great way to start the day, with one of my favorite's channels. Cheers Mate
Thats awesome! Cheers!!
They should hear about the housing prices in Sydney!
U always have great informative videos!! keep up the great work!!
Walmart in Canada sucks...some groceries may be cheaper if they are not sold out on certain specials. I keep away from Walmart. My app on my phone can give me the best deals at other stores and 99% of the time they are across the street from each other.
A person I know who lives in CT sold their house in less than a week for $725k
I’ve seen some homes in my area in TX going for a reasonable amount but when I checked them out they were all major fixer uppers, like needing $60-100k in repairs which made their asking price ridiculous.
Not in North Idaho. Prices are ridiculous.
Or to keep it short,the tent business is probably creating new millionaires ...
Probably!
Get an RV like my neighbors did and a new place to live whenever you feel like it. Full sized everything in it. Sold their house for it. Yep 2020 and 2 weeks to flatten the curve. Got out and on the road. Different states had different rules so if one sucks move on.
Thanks for discussing the foreclosure process, there are lots of mysteries to it for many of us average buyers. Sounds like you need the wealth first, or insider information.
Walmart's Great Value (their brand) prices e.g. salad dressings have doubled since 2019 (not exactly the inflation rate). Yet they are still cheaper than national brands.
They keep raising the prices on staples- a few cents they think people won't notice. I went a few days ago and prices are up again!
@@junserafin5241 Size too 😝😝
"Everybody's doing it.". How true.
I like this channel Michael. Lots of interesting topics. You're a good news anchor. I hope this new career brings you much success. 🦋
Love hearing you, and also love those trees!
Tide has turned every day for 2 years or more acoording to Bordenaro.
i don't see how this is bad news, this is wonderful because the current prices of homes are making affording a home impossible and putting pressure on apartments as well making them expensive.
Another excellent video and topic. I live near Fort Bragg NC and in a 500+ neighborhood. 6 homes went up for sale on our street last week. Mostly soldiers received orders to a new permanent station somewhere in the world.
Hey Michael, thanks for making these videos. It makes me informed of what is happening in US in respect to the real estate.
Hurricane season nearly here: Florida is the "X" which marks the spot where hurricanes love to come to.
The HOA fees and property taxes are so high, we would like to buy in Florida, but trying to find a place on the beach, ocean front, to move full time ourselves, verses buying for investment to rent out, is just too expensive. I realize the reason the HOA's for beachfront vacation places goes for managing and renting out your place, and you usually obviously profit, but can officially tax wise only able to use your place yourself just for 2 weeks out of a year, and so wondering if you can give us some ideas or just your thoughts on buying a place to enjoy the beach, but not have high HOA's. We'd love to get in touch with you to discuss moving to Florida, from TN. Maybe your parents would like to trade homes! I saw your video you did with your parents a few days ago, and loved it! ❤👍🏽
Florida is beautiful. (I've never visited.)
Fla was ok 20 years ago
I'm curious whether you have noticed all of the real estate experts (wink) who have recently started using your roving-the-neighborhoods style in their videos. I've seen several in the last month or so, and they've all started doing it just recently. Imitation is the sincerest form of flattery. 😉
Just for the record "Skyrocketing" home values is NOT NORMAL in any circumstance. People have gotten use to prices just climbing by crazy amounts every year. That is NOT NORMAL. The normal rate of price increases in home values historically, is 3-5%, NOT 15%.