15 Facts That Prove The US Housing Market Is Falling Apart
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- Опубликовано: 7 май 2024
- The impressive run that created the biggest housing bubble in all America's history is officially over, and now something really disturbing is happening in the U.S real estate market. After an impressive boom during the pandemic, which led average home prices to jump by more than 40% over a span of less than four years, the U.S. property market seems to be stuck in a limbo. With inflated home prices and soaring mortgage rates, many aspiring homeowners are completely giving up on their dream of buying a home. Sales are falling precipitously in 2024, and as a result, sellers are facing some of the most painful profit losses they've seen in years. In some regions, where prices are being slashed to meet the demand, some owners are already expericing significant home equity losses, while others are becoming underwater on their mortgages, - meaning that the value of their debt is now bigger than the value of their homes.
If this all seems too familiar, it's because it is. The last time the U.S. real estate market has witnessed such extreme distortions, a disaster followed suit. Though no one knows exactly when a sweeping nationwide correction will occur, we can certainly pay attention to the indicators that point to trouble ahead. For that reason, today we compiled the most important facts and stats you need to know about the housing crisis that is right before us. So without further ado, let's check out this list!
To my own research In USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
I've remained in touch with a financial analyst since the start of my business. Amid today's dynamic market, the key difficulty is pinpointing the right time to buy or sell when dealing with trending stocks - a seemingly simple task but challenging in reality. My portfolio has grown by more than 5 figures within just a year, and i have entrusted my advisor with the task of determining entry and exit points.
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
'Melissa Terri Swayne is the coach that guides me, you probably might have come across her before I found her through a Newsweek report. She's quite known in her field, look-her up.
Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call.
Home ownership is a lie. They just changed the word Rent to Property Tax, so you'll maintain it. Stop paying the taxes and you'll meet the real owners. Your lease of rules and regulations is at the town that you never signed or agreed to. Scam.
In a fantasy (Sesame Street) world you would owe no property taxes but in reality, you pay for police, fire, schools, road maintenance, trash pickup ect. It's called civilization.
Bam 💥
So basically pay a fee until you die.
Wow 🤯 Never thought of it like that, but you’re so right!
Are you suggesting we completely eliminate property taxes?
The incompetence and corruption that runs through this administration are getting more ridiculous. I feel for people with disabilities not getting the help they deserve. Thank you Luna Cox, imagine investing $1.5k and receiving $5k in 4 days.
That's true,,, this inflation has taught people the importance of multiple income.
It is really good to multiply your income before you wake up one day to realize you didn't plan well for your future endeavors!!!
Luna Cox totally changed my life for good. I have come across individuals but none is as honest as she is. So surprised you know her too.
Not surprised you mentioned her, she just so good and her professional strategies are really mind blowing.
Could you be kind enough to share her info???
I can barley afford to "rent" a small studio apartment in New Hampshire and I have No Debt at age 61! "This Country Fukin Sucks!"
I want to downsize my current house but the cost of a smaller house to replace my 2200 sqft house will put me deeper in debt with a higher house payment for a 1400 sqft house...Guess I'm just going to be staying put.
Stay put, friend.
Yeah I've got a 4,000 square foot home and eight bedrooms. It's just me and my wife now. My house payment is $1,400 including taxes and insurance. I can't live anywhere else that cheaply
@@NaySayersRanch WOW!!! That's crazy. My house payment is $1100 for a 4 bedroom home. I don't ever step foot in over 1/2 of my house.
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.
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.
That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
Zillow is buying homes. Those estate website are buying the homes and make profit on those houses!! Manipulating!!!
The fact that there is already an excessive amount of demand awaiting its absorption, despite how everyone is frightened and calling the crash, is another reason why it is less likely to occur that way. 2008 saw no one, at least not the broad public, making this forecast, as I'll explain below. The ownership rate was noted to have peaked in 2004 in the other comment. Having previously peaked in the second quarter of 2020, we are currently at the median level. Between 2008 and 2012, it dropped by 3%, and by the second quarter of 2020, it had dropped from 68 to 65.
Real estate and stock investments may be good decisions, especially if you have a solid trading strategy that can see you through prosperous days.
You're not doing anything wrong; the problem is that you don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.
*@Gallo-firestone* Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Gertrude Margaret Quinto for the last five years or so, and her returns have been pretty much amazing.
I appreciate you sharing this. When I looked up the woman you named and read through her credentials, it was obvious that she was a complete professional. I just need her to respond to the message I wrote her.
The housing market is falling apart because all the jobs are being automated and what jobs remain pay slave wages. Add to that usurious taxes and elastic money printed out of thin air, and you've got living hell.
Want to move up from our current home even though our house is paid off but with uncertainty of the economy, we rather not move up a house.
I don't see any recovery in the near future at all.
All we had to do was Revolution in 2020 before the Election. But Americans Did nothing. This is what happens
We're still recovering from the 2008 real estate crash
@@legobobafett5045including you. 😂
nope ww3 is on and its all goin2 shit be ready
@@rightsdontcomewithpermits7073 ?
Your voice keeps me watching.
Imagine Canada. It's like 10x worst.
Why?
Canada recently tried to get me to move there for a healthcare job… I was like no
@@MrNiceGuy500 hahahahaha! omg DONT!!!! Do not. EVER. I'm a born and raised Canadians, and I almost wanna move to the US and my wage would be tripled.
@@palapalak.8907 Oh our wages are so low and our housing cost are much higher than the US.
@@palapalak.8907 oh and also, we have to renew our mortgages every 5 years so everybody is getting bankrupt by high interest
My daughter and I are currently looking to buy a house. We only have enough money for one more inspection.
In our price range, we have to look at fixer ups. It's truly scary.
Whoa how about a manufactured house that sits on land your own. That what I had to do and it was brand new!
Rents where I live about 10 years ago, used to be about $500/mo. Now - good luck finding that same rental for under $3000/mo! It's insane!!
Odd, I live in a popular destination area, single bedroom about $1,00-1,200, two bedroom is $1,600.
After 2020 your right here in Maryland rent was like 1600 to 1800. Now 2600 to 3000 Wow
time 2 buy a rv cash pay off ull b ok i have 2 retired lov it
"There will be weeping and gnashing of teeth!"-Hmmmm
I'm glad interest rates are not going down. We need to stop easy credit.
Okay but then property needs to be priced at a point that people can buy then. By your logic, nobody should own anything but the government and BlackRock
Yea good idea, now housing is even more unaffordable..
In the midst of today's housing market surge, fueled by low mortgage rates and limited housing availability, intense competition and high prices are the new normal. The pandemic has spurred demand, as people seek larger, more refreshing living spaces. However, experts foresee a possible slowdown as mortgage rates rise and government foreclosure protections end. Still, the market remains vibrant, presenting opportunities for buyers and sellers alike.
Something I've learned from my first bear market:
You don't have to outperform, just survive. If you can survive and let your competitors blow up you'll be the only one left and in a better position than before.
Building a good financial-portfolio is more complex so I would recommend vou seek professional support. This way you can get strategies designed to address your unique long-term goals and financial dreams.
Glad to have stumbled on this conversation. Please can you leave the info of your investment-advisor here? I'm in dire need for one.
Jennafer Beaver Turner is the licensed expert I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
thank you for sharing your insights Your point was incredibly useful and has provided me with valuable perspective on the matter, i will make my research.
Totally true
We sold are house and going to live in are trailer for now.have cash on hand if we find something.
Epic!
The problem with the housing industry is a lack of new product coming to the market and people remaining in their homes after their children leave the house. Homes in affluent suburbs near big cities will retain their values. Housing far from urban centers and in extremely high growth markets will have a correction.
Large urban amenities need to go far out
Indeed, No doubt being financially free and not having to worry much about housing and, making smart plans and setting up diversified investment portfolios is quite essential.
It's a vicious cycle. If people can't afford homes, they might delay retirement savings, but if they focus solely on saving for retirement without considering their housing situation, they might miss out on potential investment opportunities.
And let's not forget how the global economy plays into all of this. Economic instability, inflation, and market fluctuations can further complicate matters and add to people's financial worries.
With the ever-changing global economy, tax laws and regulations can also vary, impacting how investments are taxed. It's essential to stay informed and adapt your tax planning strategies accordingly.
It's crucial for individuals to diversify their portfolios, seek professional financial advice, and stay informed about market trends to navigate these challenges effectively.
That's true. Changes in tax policies, both domestically and internationally, can have significant implications for investors. It's crucial to work with financial advisors who understand these complexities and can help navigate them effectively.
YES!
All is going as planned….
Ha ha ha ha....good one !!!
It's all gunna crash like a mofo !
I'm still waiting for the other "crashes" and "collapses" this guy has predicted the last year or two.
@@billredding2000lol it’s all for views
No crash anytime soon,biggest upset with housing is interest rates going over 6% in 2022
@@curtphillipps7830 ...and back up to over 7% now. Even the rate for a VA loan is only a tiny bit less. Unless home prices dropped big-time (let's say 30% to start with)even then I wouldn't pay that high an interest rate. So I'll stay a renter until things get better. They WILL, but no one can say WHEN. No problem...I can live with being a renter. ;-)
-- BR
Businesses will close because people will not move around anymore for a new job. Why would you move for a raise but spend more money on a mortgage.
Interesting, this has bigger consequences than we can imagine.
Lets all hope we have a major correction in housing prices. Really don't care about all them who wanted to make easy money on flipping, renting houses. 😂
Two incomes or one?
With children or without?
This channel is the quintessential example of redundancy
I lost my home 😢
So sorry. Bless you.
Clear Value Tax disagrees
I am from NYC and despite what people think, most of the area was affordable (outside of Manhattan, downtown Brooklyn) until the past few years. You need way more than that 106K not only due to prices but due to taxes, our taxes are so high! I make 110K and max my retirement and only take home 4500 a month. If I cut retirement savings, I get pushed into that higher tax bracket and it's still "only" 5K a month.
You know it's going to crash when homeowners complain that the interest rate doesn't go down? Sorry what made you buy a house too expensive for your wallet ! low interest rate Exactly. US is in Nowhere to go not up not down not stay but the bubble bursts anyway.
Another reason real estate is struggling is that real estate agents have NEW rules to go buy too.
What article can I find to support what you have said.
Oh yeah it really is the pits.
@@kellychuang8373 i agree with you
@@jasontryon1315 Yeah it really is well at least it's not the dreaded North Korea since there's no way to own a building let alone buying houses nor selling it since it's illegal there then again it really is in that dark about everything there.
What if foreign banks begin buying America property ....Is there any need for the housing market or the corporate housing market......Currencies and gold ,inflation and profit ..,If banks have unlimited amounts of money as in credit not gold,who will be the fool to trade gold for paper.,.....or a building for bricks....
This is why so many businesses in our small town are closing. They can't get workers! What $20/hr worker can afford to buy OR RENT? Business depends on people! And people depend on a doable sustainable RENT. The economic crash is in process!
Look into Land Patents. Owm above and below. 1 time tax fee of $25 too. Nothing more, ever. ❤❤ They say it isn't true. But a notary public and an affidavit is necessary to issue. Think logically.
Where is the supply? Sorry it is heavily under valued as there are 30 million more buyers than sellers waiting to pounce when interest rates hit below 4%
Im living in an old rv with a cockroach infestation. Even with 3 incomes we can't afford rent or mortgage
No not the collapse has begun, again. Peter has gotten zero of his 500 times the collapse had started correct. Maybe tomorrow.
REMEMBER when home ownership was the goal of every family, and a couple was a man & a woman ? Seems long ago...
Ai news 📰😊
How do most of you guys still making profit? Even with the downturn of economy and ever increasing life standards
Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency and stocks, through the assistance of my discretionary fund manager
Mrs Caroline Arnold
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
Yeah that's right I think it's right to invest with professional at least it saves the trauma of too much loses
Isn't she the same Mrs Caroline Arnold that my neighbors are talking about, she has to be a perfect expect for people to talk about her so well.
buy a rv cash and be happy i have 2
Äntligen så har jag fått ett ansikte som tillhör denna episka röst
How can it collapse if people need housing
It did before
It doesn't matter if it's needed, what matters is can they afford the high prices!
Right. Just imagine Biden and his administration ( government ) dealing with just half the American population ( 150 million ) out walking and living on the streets.
150 milion homeless...?
Bring back the old man narrator!
Housing prices will not crash like they did in 2008. Equity will step in and buy up houses to put up for rentals. We have a dramatic shortage of housing as the government floods the country will millions of illegals. Things are only going to get worse.
The illegals case is blowing up. It will not last beyond 2024.
Not in all places. I have been outbid for the last 5 houses In Norco, California just in the last month. All the houses I am looking at are selling for over $1,000,000 dollars in this old sleepy horse town with tons of horse flies. All the houses I wanted turned into bidding wars and sold above asking price.
Consider yourself lucky. Wait. Buy your time. Why knowingly overpay in the bubble.
cali sux bro move out asap
Norco????? What the???? There is nothing out there
Homes are not assets, they are a liability, is many areas. The insurance, the cost of property tax, and everything else with it, is not made up for years and years. The weak civil servants have been using the property tax, paid by idiots, who bought at the absolute highest, at the time, to use that money to repay the money they printed. Joke is on the buyer!!!
I totally agree, yet even though i rent and save up. Don’t need to spent on maintaining some bricks. Some friends of mine (homeowners) made enormous money on their appreciation of their house these past years. So both sides have their strengths.
They made money off a sucker... and only if they sold..... that is why it is a liability,......
So much money was created in the last few years it is hard to see home prices going down much anywhere. Here in RI, they are still going up I think.
god let it crash ill buy homes for cash like in 2008 bought 4 homes 567 k for all just sold 3 718 k liv in your car then dont worry bout it
Nothing you preach never happens.
When the economy fails, there are those that will still blame Trump😢
You think about trump way too much get help
@@littlemissmuffet8607yes
Trump is a constant liar and narcissist sociopath
He is not responsible for anything he doesn’t own himself
The richest people and their stockholders are responsible for everything we buy or rent
It’s capitalism and greed
Fact: Since 2008, there is at least a 3 milllion too few homes built. Now add 15 milllion from mexico and well there is No panic.
Those illegals lived in cramped very few sites.
Prices will never go down they quit building now scarcity won't go away for at least 12 years generation x is locked out of home ownership and people on social security your future is homelessness as subsidized house won't exist
Mortgage rates wont come down therefore scarcity is negated and prices crash as the only mechanism to offset inflationary mortgage conditions. Prices will crash.
10 million illegal immigrants need to live somewhere.
Housing prices may come down 20%, but there will be no "crash".
@@okboomer6201trump will do his job
_АЗ ОХ-Н-ВЭЙ_
*Ух ты! Ничего себе! Надо же! Как же так? Вот это да…Ай-яйй-я- ай*
👉☦🛐
i dont like this voice.
The most laziest clickbait propaganda video ever made.