RFK's SHOCKING *New* Solution to the Housing Crisis
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- Опубликовано: 2 май 2024
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📝Disclaimer:
This video is not personalized advice for the viewer.
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If your plan is to wait for the Government to solve your problems, you have already lost in the game of life.
Kevin you should interview him
I have been saying that too totally agree
Kevin you should interview RFK!!!
If Theo von can. So can Kevin. No disrespect to Theo!
Or be a guest on RFK’s podcast.
Voting for RFKjr. Hands down
That’s a great use of your vote lol
It is a great use of his vote. I am too!
You’d be surprised how few people know there’s more than 2 options.
3 % mortgage = housing explodes higher - first time home buyers are the last ones to benefit from this
Depends how it's structured. If the 3% only applies to First time buyers, it shouldnt
No, we just need Ban billionaires from buying up all the property, all of the farmland, and everything so that retail doesn't have a choice but to rent from them. It's sickening and that's what needs to be fixed. Building more homes will be okay but we have so many properties that are vacant because they are owned by all these billion dollar conglomerates. Ridiculous. Something needs to be done about that. Stop trying to force everybody into a rent only society
I told my family I was voting for RFK months ago. They laughed at me and didn't even know he was running for President. Now they really liking him and his morals/stands more in the middle/ good plans
RFK has my vote!!!
RFK looks like a viable alternative .
This sounds GREAT to anyone that doesn't remember 2008 or understand economics.
The Sub Prime Mortgage crisis and the severe imbalance of supply to demand.
House prices will get jacked up to compensate which would likely lead to a 0 sum game.
Plus is the government going to be the ones repoing the houses?
Government control of housing ownership sounds horrible.
The stripper in The Big Short had multiple properties w variable rate mortgages, this is 3% for families for one home that they live in.
ONLY a Recession will fix this mess! There is no other option!
OK so why don't you kick it off and resign from your job. Go ahead and take one for the team.
DEFINATELY VOTING FOR RFK!!! ❤❤❤🎉🎉🎉🎉
What isn’t bad for the lower or middle class? Oh right RFKs proposals because he’s the only one interested in representing the American people and not the elites.
Ah yes. As everyone knows, when you put even more credit and leverage into a market, prices decrease. Of course, when you have to pay a lower downpayment with a lower interest rate, you are more sensitive to prices and affordability.
Do not think about Japan before the 1990s. Do not think about the time leading up to 2008.
More credit. Borrow more to buy this asset. The government should meddle more in the financial system and interest rates.
Do not think about supply. Just think about demand. More demand. More.
Foolishness.
Lower interest rates prices continue up.
Somehow people forget this.
Yes it is ridiculously foolish booby is a moran
That’s you Kevin--House Hack is “mom & pop.” You’re the one competing with individuals.
I’m not a hater. I’m a huge fan. I just hate House Hack. It goes against everything else you do. It’s against brand.
its actually very much aligned with his original brand on youtube pretty much
@@jeslyntweedie8038 he’s always been a real estate guy-yes. But his brand is all about helping people to help themselves. He’s succeeded and he’s dropping a ladder for anyone else who wants to climb. But with House Hack, he’s pulling that ladder up.
Kevin needs to get some bigger zipper pull tabs😅
RFK for president is the best option we have... at least let him debate and let us decide for ourselves
Stimulating the demand will just increase the price for everyone.
Temporarily. The beauty of capitalism is when there's a ton of money to be made, a ton of new businesses will be created to try to get that money. In turn the prices will be reduced with price wars.
Subsidizing the purchase will just be a gift to investors/boomers holding the properties who will jack the price. Just limit how much of a % of a zip code 1-5bed single family can be owned by corporations. Also limit the % that can be owned by a single corporation.
I watch your content multiple times a day for years, 1st time comment. RFK is the only hope I have for our country's future.
love it when Kevin keeps his claps in the video haha
No.... government just stops deficit spending problem fixed.
Government backed mortgage? NO NO NO NO NO NO NO NO
We know where this goes "Lets forgive home mortgage!" (psssst, vote for me to get the free money) This becomes a new form of vote buying like student loans which adds even more to the national debt.
That’s exactly what we need… another government policy to “help.” When you realize and accept the government is the reason we’re in this mess… you’ll understand that they cant fix anything and any “fix” will create another problem. It’s never ending.
Love RFK!
Interesting times, RFK idea for first homes buying could work , also it will creat an home building boom.Will this in itself increase home building inflation or will it force building supply companies to up supplies. Pricing pressure? Yes Kevin in Austraia we have a max home loans of five years fix rates. Our economy will bust if rates go any higher.Young ones here mostly can't afford to buy these days.Many more homeless also as rentals are getting to dear.Not enough housing supply.Because supplies went up so quickly after co-vid..many home builder also have gone broke.
Love ya Kev but....everyone needs to lower prices except you on your course member live stream ?!?!
those zipper pulls are atrocious
RFK is the best candidate by far. Please interview him. More people need to learn that he's running and we actually halve more than 2 bad options in November
Should be Triple 3. That's 3% down, 3% interest and build houses to prevent house prices going over $300k when avoidable. If I owned 1000 acres just outside a city or on the edge of one, they'd charge me a fortune to be allowed to build, they'd demand I have triple pane windows and trimmed bushes. On top of that, utility companies would charge me for bringing sewage pipes out and wires out when once they're built and people live there; they make all that money. If all costs were modest and delayed until each house sells on the condition that they're cost effective houses then it would help those wishing to buy a house. PS, I always tell people; date a lady who got the house in the divorce.
they have started with the windfall taxes with land /farms/ going into subdivion.Cost to be payed by property developers disincentives...
The small % of homes being bought by large corporate investors is a critical %. They are picking the best of the best and driving the most desirable properties in every sector to higher highs. Thereby pulling up prices across the rest of the market. Mom and pops usually pick from the lower middle part of the market so they can get sweat equity by making improvements. Their impact is putting fuel to the preexisting issue of home affordability.
The access to loans and competition is not the problem, with buying a home. The problem is that EVERYTHING is too expensive for people to even afford a mortgage even at 3%. 3% interest alone is not going to help, it will just cause the current market inventory to spike in price, again. We need more supply!!! Our government needs to strongly suggest the usage of 3d printing homes.
Doesn’t work if you only offer to first time buyers. You’re increasing demand without increasing supply. 3% mortgage needs to be available to all primary home purchasers. That includes people with homes and 3% mortgages already. They are currently stuck because they can’t go from 3% to 7.25%. They need to be able to keep the 3% to be able to sell. Don’t allow anyone with investment property, or more than one home to get the preferred rate. But you have to allow people with 3% m mortgages now to sell and still get a 3% on their new purchase. That raises supply and demand. Only doing 3% for first time home buyers blows prices up for everyone and doesn’t end up helping.
What is there for people trying to rent?
Rents to wages are ridiculous.
In 1988 I had an apartment at college that cost
just 166.00 a month!
I had this thought for a while but im no politician. Wouldnt bank prefer going with the 7% rate to get more of the return? (3% first time buyer is beautiful)
Kevin you should interview RFK it’s very important to have 3 options instead of only 2. And RFK I think is a great leader.
I’m a software engineer making good money in the Bay Area and I can’t afford a house in Sacramento. If I’m locked out of the market, first time buyers across the board are F’d
not sure what you mean when you said the worst credit is taken on a co signed loan. I had my dad cosign my first car loan and got a way better interest rate. At no point could a cosigned loan become a worse off situation since it is more people to go after for the crediters... A house might be a different situation but maybe you should explain what you mean exactly and why this is the case.
Great video!
How about a 20% added sales tax for single family homes bought by investors??
In places like Phoenix, AZ corporate investors own something like 40% of the single family homes.
If the lower score is how a cosigned loan is decided than why bother cosigning
I bet you there would still be a whole lot of qualifications required to be 'approved' for the 'program'. The problem with all these systems is that you either qualify, or you don't. There is no sliding scale. So if you make 500$ over a programs limit, you get nothing, but the person 500$ below gets everything. Thats a problem I see quite often.
The intent is to scale back the competition for the home buyer regardless of who is buying ( corporations or small scale investors).
Get RFK on your podcast Kevin!
What percentage of tier 1 investors are small LLC’s under the blanket of a bigger institution?
Twitter is a poor representation of the electorate
Going forward, investors have to pay an added sales tax for single family homes. It will quickly level the field against all cash buyers etc. But that makes too much sense.
Did you go shopping with Jensen?
luv the leather but go more for the Hard core Harley look
Really would like to see RFK win.
To be able to go four years and never have to look at
or hear Plugs or Orange man would be refreshing.
If you only offer this to first time homebuyers, where will they move? If “move up buyers” still have to pay 7.5% they likely won’t sell….
Politicians don’t make ooopsie doopsies, they out right lie
So drive up housing prices further by stimulating demand with lower interest rates
RFK is right. 3.00% will get gen Z into housing. But yes Building more housing and changes to density zoning is a better long term solution
Just think how much the government could save if they just made the loans directly instead of letting the banks take an additional cut and charge the government for the difference
With the lack of inventory, wouldn’t this cause home prices to skyrocket by adding so many new buyers competing then?
It could but it also could be an incentive to home builders to build smaller more affordable homes geared towards first time home buyers.
People might owe 2.1% on their first mortgage but they are paying 8% on their second mortgage. Just wait till those credit cards tap out again.
That idea would only continue to fuel the housing bubble. Home Prices need to reflect wages. Mom and pop bought during the housing crash. Let's give the next generation that opportunity.
Lower interest rates can't fix irresponsible spending and a poor understanding of investing
3% mortgage only makes sense. Nobody has 7% to spend on 300,000 per year.
Getting my vote!
Interview RFK!!!!
Why’s it always first time home buyers? If you want to upgrade to a more expensive home, you should get the same advantages in my opinion
The solution is incentives to builders who build low and normal income housing , incentive on less taxes on materials, we need more houses
I disagree. The way houses are built 50% of energy is wasted on temperature control, building homes underground and off-grid actually makes sense. Near term extinction from climate change and all these ppl just want to continue building inefficient homes that rely on energy generation that is destroying the planet. It makes no freaking sense. Just like banning ppls right to an abortion. Begging to be enslaved while destroying the planet.
Did he propose a way to lend money for 3% while the risk free rate is over 5.4%?
Kevin want this to continue…he is part of the problwm
I like that he at least has a plan and is openly addressing the issue, however his plan isn’t the right one. Prices are the issue, not interest rates. Prices need to come down, like a lot!
No more government backed nothing. So sick of this trap. Haven't we learned yet with college loans.
This is only true if home prices stay fixed. It is all about how much people are willing to pay. Aka demand. People will try to out bid themselves until they run out of demand and give up bidding. Home prices will have to go up.
Man please install an adblocker like ublock origin
Would rfks plan destroy your house hack company?
Summer
ill be voting for RFK in Utah
I think those are decent ideas
Free market needs to set the interest rates.
He’s got my vote
Why dont we just print and lend to primary home buyers buyers like we did with the Green Back to fund the Civil War or Continental during the revolution? Its more inflationary running a interest bearing deficit then this method.
The only way to help the first time home buyer is only let first time home buyers be the ones to purchase the houses but then that’s not capitalist
My vote is with dr. Shiva
Can you pull those same statistics for the past 5 years? That was for a quarter if im correct, which I believe is misleading.
Is RFK going to cut fiscal spending? if so he can count on my vote.
It be interesting for a 3 way race for the presidency
Just rent and buy hh shares upon ipo if you don’t already own real estate
All RFK needs to do is prevent either candidate from getting the necessary electoral college votes. Do not underestimate him.
"Government causes the problem and then tries to solve it".
RFK 2024!!!!!
Everything must crash for a reset! Country is bankrupt and we should go back on the gold standard. There is pain ahead.
Most people aren’t able to afford the 20% down.
RFK is the best but I’m not expected him to help me buy a house 😂
Hey Kevin
I'm happy for your success but why does it seem you don't care about the transfer of wealth to the upper class, and death of the middle class. It just seems you are mighty comfy reporting on these behind your mugs, millions, multiple monitors etc
You are just a human being end of the day. Your fate is tied to everyone else. Especially if you don't want the fiat to go in entirety since it makes your wealth
what,
how tf do u get a govt backed mortgage...
Violet
Have the finfluencers been watching too many hero movies? Kevin looks like ghostrider, graham looks like peter parker and jeremy looks like lex luthor...
I’m voting for RFK jr, he may not be perfect but I really like his beliefs, especially when it comes to our food and the vaccines that our kids are required to take. He’s also a Christian which is a plus for me as my faith is important to me. Just believe there’s too much division in this country and he’s more in the middle than either of the two other options
If investors want to invest in single family homes they should have to build them.
It's wild that Biden can get even 5% of the vote. It shows that people will blindly vote no matter how terrible you are. Imagine a world where we only vote for good candidates...
Solution remove income tax do lvt and prop tax if not enough
pls run as governor again pls save California