March 2024 is the last chance to get out for the over leverage investors. They won't be able to print money like before and the liqudity will get hard to achieve.
It is too late. I rate going up. Massive rise in inflation for all assets except oil. BOC & FED never said they will cut in 2024 and now the media is admitting no cut in march, no cut in june, and guess what soon they will admit no cut in sept. Right after nov election they will jack rates sky high. Gov’t bonds in Jan & Feb sharply increased rates to fight inflation and mortgages are based on that and not BOC short term rate. Imo, mortgages will be 8 - 9% as we head into massive recession.
Housing is not a stock, and never should be traded like one. You know there’s way too much volatility in housing when people think a price will change $50,000 in a month. Historically housing follows inflation, which used to be 3% a year. Some day we will get back to that.
If that's true then never sell, because it'll be worth more the month after! Then the month after that! Hahaha the average real estate investor is an idiot
This is horrible advice. There are a good number of people in the comment section that were consistently correct all last year. No one has a crystal ball but saying no one knows is simply not true. All insiders know. Most logical educated economists understand the script & mechanics and thus can calculate the odds & direction. The trick is get advice from someone that is knowledgable and unbiased. Advice from people in the RE industry is like getting dieting advice from a cheesecake factory. Y do u think dentists give out free candy? Brainwashing to keep the demand for their services strong.
What r u taking about???? In a nutshell, Santos is saying nobody can predict the market. Indeed nobody knows what shall happen and this fact has been proven many many times in history.
It is true that nobody has a crystal ball but this doesn’t negate the universal concept of forecasting and planning. I have this debate with our scheduling teams in construction. Some people use the argument that “nobody has a Crystal ball” to argue that because anything can happen in future then what is the point of planning based on an educated forecast. It is a philosophical point, I understand Santos’ point to look at facts right now instead of randomly and overconfidently pretending you “know” the future, but there is a balance here.
Sell your house now! This is your best chance. Last guy waited and lost. Buy a house now! This is your best chance. Last guy waited and paid more. Yes, both can be right at the same time, says real estate agent. Depending on which side of the transaction he's on.
No transactions, no commissions
March 2024 is the last chance to get out for the over leverage investors. They won't be able to print money like before and the liqudity will get hard to achieve.
It is too late. I rate going up. Massive rise in inflation for all assets except oil. BOC & FED never said they will cut in 2024 and now the media is admitting no cut in march, no cut in june, and guess what soon they will admit no cut in sept. Right after nov election they will jack rates sky high. Gov’t bonds in Jan & Feb sharply increased rates to fight inflation and mortgages are based on that and not BOC short term rate. Imo, mortgages will be 8 - 9% as we head into massive recession.
How come so many people with common sense get this and people in real estate industry can't 😂 👍
Housing is not a stock, and never should be traded like one. You know there’s way too much volatility in housing when people think a price will change $50,000 in a month. Historically housing follows inflation, which used to be 3% a year. Some day we will get back to that.
All said and done there is a trend. Spring to summer there is definitely a surge in price as well as sales. So take a calculated risk.
Going UP WOOHOOO
Shits about to get nasty. No growth year over year is a horrible sign of things to come. Renewals will drive prices down once listing accumulate 😮
I wonder what month you describing with respect to today's story - You are correct
The only difficult thing to predict is the next stupid government policy
I predict there will absolutely be another one coming soon.
Also, make a video on when the client's timing was right. Odds can work in anyone's favor.
Pish posh, I watched HGTV, I know exactly how to be the next Rich Dad.
Sounds like mid-April to mid-May 2023. Even traditionally, April vs May is a toss up, you tried to warn him.
Real estate prices will be up in 20 years! Tell me my prediction is wrong!
I can support your prediction.
Up in 5 yrs
@@teamsessa
This time next year. Low inventory but a much different price increase we will see.
If that's true then never sell, because it'll be worth more the month after! Then the month after that! Hahaha the average real estate investor is an idiot
This is horrible advice. There are a good number of people in the comment section that were consistently correct all last year. No one has a crystal ball but saying no one knows is simply not true. All insiders know. Most logical educated economists understand the script & mechanics and thus can calculate the odds & direction. The trick is get advice from someone that is knowledgable and unbiased. Advice from people in the RE industry is like getting dieting advice from a cheesecake factory. Y do u think dentists give out free candy? Brainwashing to keep the demand for their services strong.
What r u taking about???? In a nutshell, Santos is saying nobody can predict the market. Indeed nobody knows what shall happen and this fact has been proven many many times in history.
It is true that nobody has a crystal ball but this doesn’t negate the universal concept of forecasting and planning. I have this debate with our scheduling teams in construction. Some people use the argument that “nobody has a Crystal ball” to argue that because anything can happen in future then what is the point of planning based on an educated forecast. It is a philosophical point, I understand Santos’ point to look at facts right now instead of randomly and overconfidently pretending you “know” the future, but there is a balance here.
I predict next yr this time, the bottom is well in the rear view mirror..
Sell your house now! This is your best chance. Last guy waited and lost. Buy a house now! This is your best chance. Last guy waited and paid more. Yes, both can be right at the same time, says real estate agent. Depending on which side of the transaction he's on.
Hes a bull in disguise dont get it twisted. 😂@metalslug_1143
FIRST
first out of what will be 5 comments