The decline in homebuyer demand is insane. And when you think about how inflated the market has been in recent years, it’s no surprise that something like this was bound to happen. But if it’s really worse than 2008, we’re talking about a serious collapse in the broader economy, not just real estate
what makes it scarier is how many people are still in denial. They're thinking home prices will just bounce back like they did after the pandemic, but the numbers are telling a completely different story. With rising interest rates, it's pushing buyers out of the market, and homeowners who bought at inflated prices might end up underwater
This could get ugly fast. People are already strapped with higher mortgages, and if the value of their homes crashes, it’ll ripple across the whole economy. We’re talking job losses, credit crunches, just like in 2008, but on a much larger scale. What concerns me is how unprepared most people are for this
It’s not just the average homebuyer either. You’ve got institutional investors in real estate, and they’re pulling out fast. When big players start offloading properties, you know things are bad. And who’s going to buy at these inflated prices with interest rates so high? It’s a recipe for disaster
That’s why now more than ever, people need to get professional advice. Honestly, the average person isn’t equipped to deal with this kind of economic upheaval on their own. If you don’t have a strategy in place, you could lose everything
Speaking of professional advice, I actually started working with a CFA a couple of years ago, and it’s been a lifesaver. They’ve helped me avoid the worst parts of the current market chaos. I had a lot of exposure to real estate, but they helped me diversify before the housing market started showing signs of a downturn
This is great news for homeowners. Property taxes are based upon property values. When property values drop...property taxes drop right along with them.
Oh no I hate to burst your bubble but almost all property taxes are budget based taxes which means they can keep the taxes way high if they want sorry went through this very thing in 2008 much to my surprise
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues. Thanks to Jinny Franz for her exceptional guidance and support in mastering these essential skills! so glad I started her program.
A key factor often overlooked is that over 25% of new homes are being acquired by investors, rather than individuals seeking primary residences. Even if Baby Boomers decide to offload their properties or more housing stock enters the market, it won't alleviate the underlying issue. Wealthy investors will continue to absorb the available inventory, which will keep home prices elevated.
Investors don't have the liquidity to buy up many more homes. On top of that at current evaluations there's no way to cash flow properties if there's any leverage.
Behind the scenes investors have been avoiding real estate and running to the stock market and crypto. Rents are dropping and many can’t make a profit.
The economic crisis and downturn are all the signs of 2008 market crash 2.0, so my question is do I still save in the US dollar or is it okay to move all emergency and savings to precious metals?
Gold and Silver are often seen as a safe-haven asset that can protect against inflation and economic uncertainty. But like any investment, it carries risks. To determine if gold is the right investment option for you, an investment advisor can help you weigh the potential benefits and risks of investing in gold. They can also help you create a well-diversified portfolio that includes gold as part of a broader investment strategy. An investment advisor can help you decide how much of your portfolio should be allocated to gold and select other investments that can complement your gold holdings.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with a financial consultant regulated by the SEC, and started small, but eventually accumulated over $800,000.
I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky” for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Thank you for this tip. it was easy to find your coach. and I conducted thorough research on her credentials before scheduling a call with her. Based on her résumé, she appears to possess a high level of proficiency, and I am grateful for the opportunity to speak with her.
I live in the Boca area, I make $115k and it quite literally boggles my mind. My life goal was to make $100k... now that I am here I am struggling to pay rent in Boynton for a 2/2 All of my career accomplishments rendered meaningless. Very defeating stuff
I used to live great in 1980 on 7 dlls /hr . Had a car ,motorcycle. Got to save money and go to rock concerts every week . Now 30/hr . Have to have a roomate . Have just one car ,dont go out , no money saved . Credit cards maxxed.😂 The economy is fking Casino . They let you win for a while. Then they clean you out and let you start all over another cycle.i aint playing no more
The only people selling are the ones that are forced to. The rest have sub 3% interest rates. The housing market won’t see a big shift until unemployment ticks up. We are at a stalemate in a way. Even if prices drop another 5-10% or if interest rates drop 1-2% people aren’t going to line up to buy these overpriced homes. IMO
homeowners are trying their best to pay the huge increasing mortgage, trying their best to hold on. So, the next big drop will come when jobs (that pays ok) give way due to industries and companies unable to pay due to the decreased demand (due to inflation and Trump's tariffs on originally affordable low priced Chinese goods).
Maybe not in the next few years, but eventually, once the Boomers bow out of real estate, yes. Because the builders are already overbuilding and they're not going to stop.
Op is 100% correct, the rest of the clowns in here mocking him will only figure it out when it's too late. These are the same folks who will tell you 'Cash is King' or some other stupid jingoism. Having homes as saving/investment instruments is not a workable long-term solution to inflation. Wealthy people are starting to wake up and park their money in better assets like Bitcoin. In another ten years homes will be dirt cheap, it's a mathematical certainty, so laugh all you want right now. People laughed at Trump too when he said he was going to run for president.
Recession! Crash! Inflation! It’s getting depressing. I have about $100k in emergency fund and I have been seeing good news about the stock market and would like to gain from that since I can’t let my savings be corroded by inflation. What stocks should I into as a newbie to safely grow my money.
It’s best if you buy growth/blue-chip/large caps stocks only. Also, as a newbie its advisable you work with an investment advisor to help set up a well-structured portfolio.
I was self managing but suffered heavy losses in 2022 and i knew i couldn't continue like that, so i consulted a fiduciary financial advisor. By restructuring and diversifying my $620k portfolio with dividend-paying stocks, ETFs, Mutual funds and REITs, I significantly boosted my portfolio, achieving an annualized gain of 30%.
My CFA Carol Vivian Constable a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you for sharing, I must say, Carol appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive.
Delusional sellers matched with ballooning interest rates, ridiculous HOA, CDD, rising property taxes, and insurance that doesn’t cover anything but costs a lot makes the majority of buyers very dull boys.
I saw a house listed for less than they paid for it in 2021. They are fools & paid 125k over asking! They had an offer review date and apparently they got NO OFFERS because it's still listed! Let it crash hard
Wow, Chris! Give it to me straight with no chaser! I'm still in the market for Palm Beach County. I will text you when I feel more confident about the prices.❤
Maybe it’s crashing in FL, but in Virginia, it’s crazy. Homes here are still selling $100k over what they’re worth. Most on the market on 3-4 days before they are under contract.
I watched this guy just a couple months ago and he was singing a different tune. The only thing that changed was south Florida sales slowed. Affordability, inventory, and interest rates were all already abysmal everywhere else. Every realtor is all the sudden acting like this came from nowhere. Overnight we went from the best time to buy was yesterday to markets are going to crash. All those suckers who bought 2022-2024 got high pressure sold by their “buyer’s agents”. Criminal. Anyone who put their self interest aside saw this coming. Stocks at over 200% GDP. National debt growing at 1Trillion every 100 days pushing 10yr yield risk on bond notes higher regardless of the Feds influence on the 2 yr yields. Florida taxes and insurance rates skyrocketing creating a median home price well out of the reach of the common Floridian. Buckle up. Unfortunately, families are going to learn the hard way. Wait until the job market softens and all those tight luxury budgets get squeezed. There’s going to be luxury SUV repossessions and housing foreclosures everywhere.
You're not as smart as you think you are. Your dollars are like ice cubes in a 68 degree room. Every week that goes by, your "bank full" shrinks a little bit more. 🤡
In spite of how everyone is frightened and calling the crash, there is already an excessive amount of demand waiting to absorb it, which is another reason it's less likely to happen that way. This forecast was not made in 2008, at least not by the general public, as I will explain below. The ownership rate peaked in 2004, according to the other comment. We reached a peak in the second quarter of 2020 and are currently at the median level. From 2008 to 2012, it fell by 3%, and in the second quarter of 2020, it dropped from 68 to 65.
Because they are used to bull markets, most people find it difficult to handle a decline, but if you know where to search and how to get around, you can make a sizable profit. It depends on how you plan to enter and leave.
When it comes to investing in stocks, one of the biggest mistakes investors can make is throw in the towel right when we hit a bear market bottom and the indexes find support and start to surge. I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $220K during this dip, that made it clear there's more to the market that we avg joes don't know
My advisor Melissa Terri Swayne is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
The inflated prices it is the great problem, no one cant see a house shouldnt be a business, but just a place to live! Here in Portugal, the avarage of Portuguese just cant buy a house!
Interest rates are way too high. The housing market is saturated with homes that are 20+ years old which means higher insurance rates. It's appalling and beyond affordable. I pray the housing market busts and prices are driven down to reality along with the accompanying interest rates.
While I agree with many of your comments and statistics on the lack of home affordability and the negative sentiment by buyers, you left out many reasons why I disagree with your conclusion of a housing crash 100x worse than 2008. Here are a few positives that point to a much more stable outcome: 1) 40% of homeowners have no debt on their homes; 2) the average mortgage rate of existing homeowners is less than 4%; 3) the amount of home equity is $35 billion($14 billion in 2008); 4) UE rate in the US is 4.1%(7.8% in Dec '08); 5) Avergage credit score for new loans is 746 today(720 in 2008, although sub-prime borrowers were in the 600's). I'm not saying there won't be foreclosures, anyone who bought homes in 2021 & 22, and have to sell, will likely lose money. I was in the banking world in SW FL from 1988 to 2023, everything I see leads me to conclude the next recession will be more like 2001, not 2008.
No one is going to bust their ass their whole life and still be in debt. Especially in a destruction prone area where you can't get insurance. Good luck with that, and if you want $2500 for rent there will be a homeless problem out of control or people will just leave. Bye.
I'm trying to buy a house right now. They wanted $380k originally and I'm offering $340k, the inspection is Sunday so I might find some wiggle room there.
You have to be kidding me, the dollar is losing its purchasing power so everything by definition goes up in dollar value. Crash bros have been out forever and people who jumped in are at all time highs just like crypto and everything eles you price in terms of US dollars (silver, gold, etc)
Chris my man you aint joking im an investor and have been in the game for a little over twenty years, and what's coming around the corner is very scary. Imo the 07-08" financial crisis was an appetizer and the main course is what's coming around the corner. The writing is on the wall, the consumer confidence is at an all time low and the number of days of properties listed in the market has increased dramatically! Let's not even talk about the price cuts as well. I can assire you realtor's are looking for work at an alarming rate like never before along with mortgage brokers, appraiser's,etc. My friend we are living in scary times let's hope the economy turns around in another two years now with Trump in office
My house is paid of and now I wait that the prices going down the tube to buy a nice middle sized Log Home. I never ever had any debt in my 73 years, learned from my granny to buy only when you can afford.
Your generation could rely on quality products like appliances. Your tools, cars and appliances lasted 30+ years. Your grandchildren's tools and appliances top out at a decade now. You did not have to replace your plumbing. My home is 624 square feet, yet I pay over $250 for home/auto insurance alone. Your guys COULD save, but greed decided your kids don't deserve to. 😢
Silly. Leverage is the surest and quickest way to earn money. 100,000 invested at a 10% return (2024 average for S&P 500), capital gains will exceed the loan interest and therefore generate profit. 7-8k/yr. Take any profit above historical average and convert to bonds. This is infinitely scalabe.
I want to tell you a secret reason the housing market is crashing and it's not just interest rates. It's hoas. Everyone has realized that HOAs are a nightmare and they do not want to buy homes in hoas. Until States rewrite laws to rain in HOAs or more developers start making developments without HOAs which is hard to do because the HOA has to manage the rain water runoff area that no one wants to know own in the new developments but are mandated by the EPA then HOAs will have to continue to exist because that's why they were created. So the developer wasn't left with the runoff area when all the lots were sold. But avoiding HOAs is one of the real reasons huge numbers of people no longer want to buy a house. Because people have realized that you never really owned it. the HOA owns it. the utility companies owned it. everybody who gets to charge you some money for the place that you supposedly own actually owned the house that you're paying the mortgage on and really once you add all those costs in you realize that homes are such a great investment after all and you probably should have sold your house and put your money in Bitcoin.
well yes of course we need a ‘correction’, duh.. But who’s going to do anything about this insane constant cycling. The root problem is that this is considered normal or ok. But nobody considers considers that every phase of life comes once in a given person’s lifetime and why should anyone be expected to wait ten years for the next ‘crash’ if they need to buy a house now? it’s because the system isn’t people oriented. It’s profit oriented like everything in this country, and with that approach things will only deteriorate and never come back into balance.
well of course there is a decline in demand and in mortgages! Because nobody can afford the darn things except the rich the clever the lucky and strong, which cuts out about 90% of the population
Unfortunately the massive shit ton of equity isn’t real until it’s realized. I’ve been speaking to folks who swore they would never sell that are now considering it because they are buried in debt. I’ll do a video about it soon. Thanks for watching and commenting.
@@ChrisIgoe1 What do you suggest for someone needing to upgrade into a larger home? We are in Omaha and currently in a 425k price range and looking at the 600k priced homes. Do we wait longer (been waiting 3 years) or do we move now while we can sell our existing home or build would be another option but not sure what late summer/early fall would bring for prices to sell our current home.
@@LM-ez4jkprices won’t fall as bad as Florida in Omaha. If you’re concerned about your portfolio then I would wait and see. When the market crashed last time. I went to pull out money from one of my houses in Florida. They said they couldn’t help me. My house was upside down 250k. In fact. When I checked. All of my houses were down exactly 250k all at the same time. Risk tolerance is a must if you jump all in. From my experience at least. And that was nearly 20 years ago.
lol the way they talk you’d think prices falling is bad. they call it ‘a market crash’ and make it sound like something negative. this is why the whole so-called real estate industry is so detrimental. They put everything upside down high prices is just great for them but low prices is oh no oh no the market is crashing. Whereas in reality primary residence type properties should be off limits to speculators and so called investors of all types. No ‘making money’ off of a necessity that people need for a place to live. That would create a far more balanced and stable market. But who will ever do that in this country? Greed is the name of the game and nobody will ever do anything to curb THAT. BTW did you know that in a supposedly backward country like Russia ownership is like 80% and very many mortgage free?
That’s my exact sentiment though I know Florida and select other states’ inventory is gaining which is reflected by price decline; but even then it differs from county to county. As many others have pointed out, people with sub 4% loans aren’t going to sell in this market which is creating the low inventory where prices are still climbing. I feel like the only way there’s going to be an epic price correction or even a crash is: RECESSION - HIGH UNEMPLOYMENT - HIGH MORTGAGE DEFAULTS. It seems like the one market that’s growing is RUclips prognosticators screaming the sky is falling. If you watched one two years ago then RUclips has likely been filling your suggestions with these over the top doom predictions. I’m not saying it’s not possible (market crash) but I feel like these creators are playing to the algorithm and drama sells. This broker tells us that he won’t let his clients over pay and in the same breath says he’ll get sellers the highest price - the market will determine that. Another interesting thing, his last name - in other languages “I” is pronounced as an English long “e”. IGOE {ē-go}
Hog wash...the crisis is your income is struggling and your causing panic sellers to make a buck off them. Most dont have the capital requirement and/or they don't have twice the value of the loan in collateral. Because of this, the people who can afford it...are not interested in a bad investment. Market will continue to become unaffordable and rates will continue to go up to attempt to drive the price down...won't work.
I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good stock recommendation on great performing stocks or Crypto will be appreciated!!
As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure.. So I really don't blame people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking?
Silver and gold take a beaten today , they must had to sell some paper they didnt have to make up for the lost in the stock market , same shit show as usual .
I anticipate positive growth in the markets for 2025, and I'm considering investing $220k in stocks for my retirement plan due to recent rate cuts. Could you provide guidance on executing this investment safely? Additionally, are there any crucial tips or changes I should be mindful of in the current financial landscape?
If you're new to investing or not very experienced, it's wise to seek advice from an expert. Investing without proper guidance can result in mistakes and losses, and I've learned this from my own experience.
I agree with you, since the market became extremely volatile and pressure increased (I should be retiring in 17 months), I took the decision to work closely with a financial advisor. It has already been 9 months and counting, and I have made approximately 600K net from all of my holdings.
@@sonyacollins-v9n My CFA is Elizabeth cordle gross,a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
I just looked up her website on google and I would say she really has an impressive background in investing. I have sent her an email hope she gets back to me soon. Thanks
You're right rates are low & have been low, median homes are cheap like almost nothing quite frankly & insurance is inexpensive on homes truthfully & property taxes going up at a menial amount!!!!! There's NO WAY ANYTHING could be wrong OR could happen
@@Cyrus992 I was bout to say 😂 this can't be a serious thought. This is just insane what's going on. In 19' a 400K house on 3.5% rate would be a $1,795 mortgage that house today would be 500K & on a 7% rate is $3,500 literally almost doubled. You'd need 75K a year to qualify now you'd need 115K a year. It's bananas. Houses back home where I grew up in the Appalatcha Mtns in VA near KY that would've been 125 in 19' are almost 300 now 😂 I mean the area has nothing to offer but meth heroin heartache poverty & moonshine. This is crazy!!! It's not sustainable it's alarming & frightening
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The decline in homebuyer demand is insane. And when you think about how inflated the market has been in recent years, it’s no surprise that something like this was bound to happen. But if it’s really worse than 2008, we’re talking about a serious collapse in the broader economy, not just real estate
what makes it scarier is how many people are still in denial. They're thinking home prices will just bounce back like they did after the pandemic, but the numbers are telling a completely different story. With rising interest rates, it's pushing buyers out of the market, and homeowners who bought at inflated prices might end up underwater
This could get ugly fast. People are already strapped with higher mortgages, and if the value of their homes crashes, it’ll ripple across the whole economy. We’re talking job losses, credit crunches, just like in 2008, but on a much larger scale. What concerns me is how unprepared most people are for this
It’s not just the average homebuyer either. You’ve got institutional investors in real estate, and they’re pulling out fast. When big players start offloading properties, you know things are bad. And who’s going to buy at these inflated prices with interest rates so high? It’s a recipe for disaster
That’s why now more than ever, people need to get professional advice. Honestly, the average person isn’t equipped to deal with this kind of economic upheaval on their own. If you don’t have a strategy in place, you could lose everything
Speaking of professional advice, I actually started working with a CFA a couple of years ago, and it’s been a lifesaver. They’ve helped me avoid the worst parts of the current market chaos. I had a lot of exposure to real estate, but they helped me diversify before the housing market started showing signs of a downturn
This is great news for homeowners. Property taxes are based upon property values. When property values drop...property taxes drop right along with them.
In what world 🌎 does this happen? I’ve never heard or seen this happen in the last 50 years!! 😂
The equity loss far exceeds any savings on property taxes. Hardly worth it
Oh no I hate to burst your bubble but almost all property taxes are budget based taxes which means they can keep the taxes way high if they want sorry went through this very thing in 2008 much to my surprise
I've never seen that happen
@@BOBODARK when I bought my home in 2006 the property taxes were about 1400 a year in 2009 after the crash they was 720 for the year.
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues. Thanks to Jinny Franz for her exceptional guidance and support in mastering these essential skills! so glad I started her program.
this is her official Telegrams..
@JinnyFranz.
Everyone needs more than a Basic Income to be Financially Secured in this present time that there's an Economic Decline.
She is really a good FA. I was privileged.
to attend some of her seminars. That is how I started my crypto investment with her.
she simplifies matters, whether it's a market surge or drop; her strategies continuously delivers.
A key factor often overlooked is that over 25% of new homes are being acquired by investors, rather than individuals seeking primary residences. Even if Baby Boomers decide to offload their properties or more housing stock enters the market, it won't alleviate the underlying issue. Wealthy investors will continue to absorb the available inventory, which will keep home prices elevated.
Investors don't have the liquidity to buy up many more homes. On top of that at current evaluations there's no way to cash flow properties if there's any leverage.
Behind the scenes investors have been avoiding real estate and running to the stock market and crypto. Rents are dropping and many can’t make a profit.
Also Airbnb takes up a fair share of the supply. I have one next door to me and it has been booming since covid.
@@squatfreak1184yup
Until people start lighting matches
The economic crisis and downturn are all the signs of 2008 market crash 2.0, so my question is do I still save in the US dollar or is it okay to move all emergency and savings to precious metals?
Gold and Silver are often seen as a safe-haven asset that can protect against inflation and economic uncertainty. But like any investment, it carries risks. To determine if gold is the right investment option for you, an investment advisor can help you weigh the potential benefits and risks of investing in gold. They can also help you create a well-diversified portfolio that includes gold as part of a broader investment strategy. An investment advisor can help you decide how much of your portfolio should be allocated to gold and select other investments that can complement your gold holdings.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with a financial consultant regulated by the SEC, and started small, but eventually accumulated over $800,000.
I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky” for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Thank you for this tip. it was easy to find your coach. and I conducted thorough research on her credentials before scheduling a call with her. Based on her résumé, she appears to possess a high level of proficiency, and I am grateful for the opportunity to speak with her.
These videos are identical to the "car prices are crashing " ones. Neither will happen. It's just for clicks.
I live in the Boca area, I make $115k and it quite literally boggles my mind. My life goal was to make $100k... now that I am here I am struggling to pay rent in Boynton for a 2/2
All of my career accomplishments rendered meaningless.
Very defeating stuff
Trust me - when you hit $200,000, it won’t feel much different either.
Read “The B*tco*n Standard” book and it will all make more sense to you
I used to live great in 1980 on 7 dlls /hr . Had a car ,motorcycle. Got to save money and go to rock concerts every week . Now 30/hr . Have to have a roomate . Have just one car ,dont go out , no money saved . Credit cards maxxed.😂 The economy is fking Casino . They let you win for a while. Then they clean you out and let you start all over another cycle.i aint playing no more
This is Canada in a nutshell as well
Price reductions have a way of solving all demand issues. Very low demand calls for very big price reductions.
The only people selling are the ones that are forced to. The rest have sub 3% interest rates. The housing market won’t see a big shift until unemployment ticks up. We are at a stalemate in a way. Even if prices drop another 5-10% or if interest rates drop 1-2% people aren’t going to line up to buy these overpriced homes. IMO
Or mass construction boom
People are being laid off in EVERY industry…where have you been?
homeowners are trying their best to pay the huge increasing mortgage, trying their best to hold on. So, the next big drop will come when jobs (that pays ok) give way due to industries and companies unable to pay due to the decreased demand (due to inflation and Trump's tariffs on originally affordable low priced Chinese goods).
@ I see
Dude, it’s going to crash 150%. Sellers will have to pay buyers to take their crappy houses.
😆 🤣 😂 😹
Its not going to crash at all
Maybe not in the next few years, but eventually, once the Boomers bow out of real estate, yes. Because the builders are already overbuilding and they're not going to stop.
Insanity, your words.
Op is 100% correct, the rest of the clowns in here mocking him will only figure it out when it's too late. These are the same folks who will tell you 'Cash is King' or some other stupid jingoism. Having homes as saving/investment instruments is not a workable long-term solution to inflation. Wealthy people are starting to wake up and park their money in better assets like Bitcoin. In another ten years homes will be dirt cheap, it's a mathematical certainty, so laugh all you want right now. People laughed at Trump too when he said he was going to run for president.
Recession! Crash! Inflation! It’s getting depressing. I have about $100k in emergency fund and I have been seeing good news about the stock market and would like to gain from that since I can’t let my savings be corroded by inflation. What stocks should I into as a newbie to safely grow my money.
It’s best if you buy growth/blue-chip/large caps stocks only. Also, as a newbie its advisable you work with an investment advisor to help set up a well-structured portfolio.
I was self managing but suffered heavy losses in 2022 and i knew i couldn't continue like that, so i consulted a fiduciary financial advisor. By restructuring and diversifying my $620k portfolio with dividend-paying stocks, ETFs, Mutual funds and REITs, I significantly boosted my portfolio, achieving an annualized gain of 30%.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you
My CFA Carol Vivian Constable a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you for sharing, I must say, Carol appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive.
…Today is the day to REPENT for TOMORROW'S NOT GUARANTEED.
Amen 🙏
Amen
Amen
There is no demand because no one can pay them at high interest rates and inflated prices
Delusional sellers matched with ballooning interest rates, ridiculous HOA, CDD, rising property taxes, and insurance that doesn’t cover anything but costs a lot makes the majority of buyers very dull boys.
I saw a house listed for less than they paid for it in 2021. They are fools & paid 125k over asking! They had an offer review date and apparently they got NO OFFERS because it's still listed! Let it crash hard
Wow, Chris! Give it to me straight with no chaser! I'm still in the market for Palm Beach County. I will text you when I feel more confident about the prices.❤
Maybe it’s crashing in FL, but in Virginia, it’s crazy. Homes here are still selling $100k over what they’re worth. Most on the market on 3-4 days before they are under contract.
I watched this guy just a couple months ago and he was singing a different tune. The only thing that changed was south Florida sales slowed. Affordability, inventory, and interest rates were all already abysmal everywhere else. Every realtor is all the sudden acting like this came from nowhere. Overnight we went from the best time to buy was yesterday to markets are going to crash. All those suckers who bought 2022-2024 got high pressure sold by their “buyer’s agents”. Criminal. Anyone who put their self interest aside saw this coming. Stocks at over 200% GDP. National debt growing at 1Trillion every 100 days pushing 10yr yield risk on bond notes higher regardless of the Feds influence on the 2 yr yields. Florida taxes and insurance rates skyrocketing creating a median home price well out of the reach of the common Floridian. Buckle up. Unfortunately, families are going to learn the hard way. Wait until the job market softens and all those tight luxury budgets get squeezed. There’s going to be luxury SUV repossessions and housing foreclosures everywhere.
But rent still sky rocketing..
Still waiting for this to happen.
Sitting with a bank full of money to snap up all these 50% off deals.
Yet to see one
And you think the dollar is keeping its value?
your fiat currency is surely going to zero keep wasting ur time.
You're not as smart as you think you are.
Your dollars are like ice cubes in a 68 degree room.
Every week that goes by, your "bank full" shrinks a little bit more. 🤡
😂😂 Right on 👍
@@redriderbbgun8018
It isn't in the bank. It is in crypto. If you really need to know my business. So smarter than you know
Chris is knowledgeable, articulate and based. Subscribed
Great Content.
In spite of how everyone is frightened and calling the crash, there is already an excessive amount of demand waiting to absorb it, which is another reason it's less likely to happen that way. This forecast was not made in 2008, at least not by the general public, as I will explain below. The ownership rate peaked in 2004, according to the other comment. We reached a peak in the second quarter of 2020 and are currently at the median level. From 2008 to 2012, it fell by 3%, and in the second quarter of 2020, it dropped from 68 to 65.
Because they are used to bull markets, most people find it difficult to handle a decline, but if you know where to search and how to get around, you can make a sizable profit. It depends on how you plan to enter and leave.
When it comes to investing in stocks, one of the biggest mistakes investors can make is throw in the towel right when we hit a bear market bottom and the indexes find support and start to surge. I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $220K during this dip, that made it clear there's more to the market that we avg joes don't know
I've actually been looking into advisors lately, the news I've been seeing in the market hasn't been so encouraging. who's the person
My advisor Melissa Terri Swayne is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
And, yet prices are still through the roof!
The inflated prices it is the great problem, no one cant see a house shouldnt be a business, but just a place to live! Here in Portugal, the avarage of Portuguese just cant buy a house!
It will be a great time to be a buyer and Reno for rental properties 💯
Would love to know how many HELOCS are out that homeowners have maxed out. If this market softens more how are they going to handle it?
I wouldn't move to Florida if you gave it to me
Agree. Horrible.
Why woody house so expensive!!! Only can see nice grass yard
RATES GONNA HIT 10%‼️‼️‼️
Why would you conpare a 400k home qt 3.5% to a 500k mortgage at 7.26%?
Collapse in applications? Are the banks saying don't bother?
If everyone decides to sell then the prices will crash
Let the market correct.
Good most people dont give a shit ,they will never own a house
Greed and lust will fail with those who promote them.
Hey Chris, good video man looking forward to seeing your next one.
Thanks Silvio, Coming soon!
Interest rates are way too high. The housing market is saturated with homes that are 20+ years old which means higher insurance rates. It's appalling and beyond affordable. I pray the housing market busts and prices are driven down to reality along with the accompanying interest rates.
While I agree with many of your comments and statistics on the lack of home affordability and the negative sentiment by buyers, you left out many reasons why I disagree with your conclusion of a housing crash 100x worse than 2008. Here are a few positives that point to a much more stable outcome: 1) 40% of homeowners have no debt on their homes; 2) the average mortgage rate of existing homeowners is less than 4%; 3) the amount of home equity is $35 billion($14 billion in 2008); 4) UE rate in the US is 4.1%(7.8% in Dec '08); 5) Avergage credit score for new loans is 746 today(720 in 2008, although sub-prime borrowers were in the 600's). I'm not saying there won't be foreclosures, anyone who bought homes in 2021 & 22, and have to sell, will likely lose money. I was in the banking world in SW FL from 1988 to 2023, everything I see leads me to conclude the next recession will be more like 2001, not 2008.
And sellers are the problem. Nobody wants even close a fair deal that makes sense.
No one is going to bust their ass their whole life and still be in debt. Especially in a destruction prone area where you can't get insurance. Good luck with that, and if you want $2500 for rent there will be a homeless problem out of control or people will just leave. Bye.
After insurance and property tax, peemita, etc,.. only 5% of homes will be saved.
Everyone love to have their own house, if they have jobs. If they have no job, they have no choice to rent (if they have savings) or become homeless.
No signs of any decline in the Midwest markets. It’s only Texas Florida problem.
Us housing U.K. housing is a ponzi but the currency is the biggest ponzi
I'm trying to buy a house right now. They wanted $380k originally and I'm offering $340k, the inspection is Sunday so I might find some wiggle room there.
I would offer 300k to 310k
There is just no buyers…
Because interest rates are too high for a 30-year mortgage
You have to be kidding me, the dollar is losing its purchasing power so everything by definition goes up in dollar value. Crash bros have been out forever and people who jumped in are at all time highs just like crypto and everything eles you price in terms of US dollars (silver, gold, etc)
Chris my man you aint joking im an investor and have been in the game for a little over twenty years, and what's coming around the corner is very scary. Imo the 07-08" financial crisis was an appetizer and the main course is what's coming around the corner. The writing is on the wall, the consumer confidence is at an all time low and the number of days of properties listed in the market has increased dramatically! Let's not even talk about the price cuts as well. I can assire you realtor's are looking for work at an alarming rate like never before along with mortgage brokers, appraiser's,etc. My friend we are living in scary times let's hope the economy turns around in another two years now with Trump in office
Trump's going to crash the economy
Soo glad we bought in 2021 at a great price at a great rate, have the double homestead exemption. I'm not going anywhere.
Great vid your insight is awesome
My house is paid of and now I wait that the prices going down the tube to buy a nice middle sized Log Home. I never ever had any debt in my 73 years, learned from my granny to buy only when you can afford.
Granny was wise 👍
Your generation could rely on quality products like appliances. Your tools, cars and appliances lasted 30+ years. Your grandchildren's tools and appliances top out at a decade now. You did not have to replace your plumbing. My home is 624 square feet, yet I pay over $250 for home/auto insurance alone. Your guys COULD save, but greed decided your kids don't deserve to. 😢
Silly. Leverage is the surest and quickest way to earn money. 100,000 invested at a 10% return (2024 average for S&P 500), capital gains will exceed the loan interest and therefore generate profit. 7-8k/yr. Take any profit above historical average and convert to bonds. This is infinitely scalabe.
@@ufis567
Leverage is also the quickest way to lose your axe 🪓
good...😉😉
What about population growth, why don't you show both sides?
I doubt I could afford a storage building with a sink even if does crash.
At the bottom, Blackrock will be waiting like a spider to snap up these properties.
No 50% crash will happen. A 25% dip is possible, but not probable.
I been hearing speculation about housing market crash past 5 years. 😅 😂 . All guessing so far.
I have a solution to the problem: bring the "efin" interest rates down! 🤷🏻♂️
Rates tripled....of course demand plummeted
Awesome content 👏 👌 👍 🙌
Thank you so much 👍
In Israel, the houses are twice as expensive and people buy simply madness
I want to tell you a secret reason the housing market is crashing and it's not just interest rates. It's hoas. Everyone has realized that HOAs are a nightmare and they do not want to buy homes in hoas. Until States rewrite laws to rain in HOAs or more developers start making developments without HOAs which is hard to do because the HOA has to manage the rain water runoff area that no one wants to know own in the new developments but are mandated by the EPA then HOAs will have to continue to exist because that's why they were created. So the developer wasn't left with the runoff area when all the lots were sold.
But avoiding HOAs is one of the real reasons huge numbers of people no longer want to buy a house. Because people have realized that you never really owned it. the HOA owns it. the utility companies owned it. everybody who gets to charge you some money for the place that you supposedly own actually owned the house that you're paying the mortgage on and really once you add all those costs in you realize that homes are such a great investment after all and you probably should have sold your house and put your money in Bitcoin.
The market is going to crash just like you are if you don’t keep your eyes on the road, be responsible!
well yes of course we need a ‘correction’, duh.. But who’s going to do anything about this insane constant cycling. The root problem is that this is considered normal or ok. But nobody considers considers that every phase of life comes once in a given person’s lifetime and why should anyone be expected to wait ten years for the next ‘crash’ if they need to buy a house now? it’s because the system isn’t people oriented. It’s profit oriented like everything in this country, and with that approach things will only deteriorate and never come back into balance.
Florida and Nevada are always boom and bust.🙂
Great
well of course there is a decline in demand and in mortgages! Because nobody can afford the darn things except the rich the clever the lucky and strong, which cuts out about 90% of the population
To live in California be ready to fork out 80% to food and shelter!
If people are not bying is that they are smart to pay your stupid praices and rates.
It’s a good thing that homeowners are sitting on that “massive shit ton of equity”
Unfortunately the massive shit ton of equity isn’t real until it’s realized. I’ve been speaking to folks who swore they would never sell that are now considering it because they are buried in debt. I’ll do a video about it soon. Thanks for watching and commenting.
@@ChrisIgoe1 What do you suggest for someone needing to upgrade into a larger home? We are in Omaha and currently in a 425k price range and looking at the 600k priced homes. Do we wait longer (been waiting 3 years) or do we move now while we can sell our existing home or build would be another option but not sure what late summer/early fall would bring for prices to sell our current home.
@LM-ez4jk I suggest we schedule a call asap: bit.ly/MeetChrisIgoe
@@LM-ez4jkprices won’t fall as bad as Florida in Omaha. If you’re concerned about your portfolio then I would wait and see. When the market crashed last time. I went to pull out money from one of my houses in Florida. They said they couldn’t help me. My house was upside down 250k. In fact. When I checked. All of my houses were down exactly 250k all at the same time. Risk tolerance is a must if you jump all in. From my experience at least. And that was nearly 20 years ago.
Do not scare people you do not. Know
lol the way they talk you’d think prices falling is bad. they call it ‘a market crash’ and make it sound like something negative. this is why the whole so-called real estate industry is so detrimental. They put everything upside down high prices is just great for them but low prices is oh no oh no the market is crashing. Whereas in reality primary residence type properties should be off limits to speculators and so called investors of all types. No ‘making money’ off of a necessity that people need for a place to live. That would create a far more balanced and stable market. But who will ever do that in this country? Greed is the name of the game and nobody will ever do anything to curb THAT. BTW did you know that in a supposedly backward country like Russia ownership is like 80% and very many mortgage free?
Who's "we"that discovered it?
Hey genius, how exactly is the mortgage market going to collapse with such low inventory and a 20 year low on foreclosures?
That’s my exact sentiment though I know Florida and select other states’ inventory is gaining which is reflected by price decline; but even then it differs from county to county. As many others have pointed out, people with sub 4% loans aren’t going to sell in this market which is creating the low inventory where prices are still climbing. I feel like the only way there’s going to be an epic price correction or even a crash is: RECESSION - HIGH UNEMPLOYMENT - HIGH MORTGAGE DEFAULTS. It seems like the one market that’s growing is RUclips prognosticators screaming the sky is falling. If you watched one two years ago then RUclips has likely been filling your suggestions with these over the top doom predictions. I’m not saying it’s not possible (market crash) but I feel like these creators are playing to the algorithm and drama sells. This broker tells us that he won’t let his clients over pay and in the same breath says he’ll get sellers the highest price - the market will determine that. Another interesting thing, his last name - in other languages “I” is pronounced as an English long “e”. IGOE {ē-go}
Stop 🛑 the lies
Aa few months ago you said your market was strong! Flip flopper
It's a sales pitch
Wait this is just the beginning.
No bay houses now 😂
It wont ne a housing market crash but the crash in the dollar so they wont be able to buy.
No crash we in the golden age
The US is in the shit, mate. Wake up and smell it.
Who ever is giving your botox and trt deserves a raise. U look amazing.
He looks like Tim Allen 😮
Hog wash...the crisis is your income is struggling and your causing panic sellers to make a buck off them.
Most dont have the capital requirement and/or they don't have twice the value of the loan in collateral.
Because of this, the people who can afford it...are not interested in a bad investment.
Market will continue to become unaffordable and rates will continue to go up to attempt to drive the price down...won't work.
Oh just stop it
I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good stock recommendation on great performing stocks or Crypto will be appreciated!!
As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure.. So I really don't blame people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking?
Silver and gold take a beaten today , they must had to sell some paper they didnt have to make up for the lost in the stock market , same shit show as usual .
Nope... small percentage. Actually gold looks great . SLVR holds above 30
100x that's not clickbait.. 😅🤣😂
I anticipate positive growth in the markets for 2025, and I'm considering investing $220k in stocks for my retirement plan due to recent rate cuts. Could you provide guidance on executing this investment safely? Additionally, are there any crucial tips or changes I should be mindful of in the current financial landscape?
If you're new to investing or not very experienced, it's wise to seek advice from an expert. Investing without proper guidance can result in mistakes and losses, and I've learned this from my own experience.
I agree with you, since the market became extremely volatile and pressure increased (I should be retiring in 17 months), I took the decision to work closely with a financial advisor. It has already been 9 months and counting, and I have made approximately 600K net from all of my holdings.
Could you kindly elaborate on the advisor's background and qualifications?
@@sonyacollins-v9n My CFA is Elizabeth cordle gross,a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
I just looked up her website on google and I would say she really has an impressive background in investing. I have sent her an email hope she gets back to me soon. Thanks
trump. 10 days into second term 1440.17 to go, folks unless... You take action "Americans"
LOL, total joke. Not gonna happen anywhere other than Florida.
Many predicted Florida wouldn’t crash 3 years ago
The housing market is not going to crash anytime soon. Given that so many are making the claim of a crash is proof that the housing market is fine.
You're right rates are low & have been low, median homes are cheap like almost nothing quite frankly & insurance is inexpensive on homes truthfully & property taxes going up at a menial amount!!!!! There's NO WAY ANYTHING could be wrong OR could happen
They can go up forever
@@Cyrus992 so historical data since it's been annotated in 1890 until now 135yrs worth of data is wrong???? You're right 👍
@@bryancope6105 can’t sorry typo
@@Cyrus992 I was bout to say 😂 this can't be a serious thought. This is just insane what's going on. In 19' a 400K house on 3.5% rate would be a $1,795 mortgage that house today would be 500K & on a 7% rate is $3,500 literally almost doubled. You'd need 75K a year to qualify now you'd need 115K a year. It's bananas. Houses back home where I grew up in the Appalatcha Mtns in VA near KY that would've been 125 in 19' are almost 300 now 😂 I mean the area has nothing to offer but meth heroin heartache poverty & moonshine. This is crazy!!! It's not sustainable it's alarming & frightening
BLAH BLAH BLAH BLAH BLAH BLAH. SHUT IT
Love it many would love to get homesteads
Stop lying
I thought this was the guy that said it wasn't
Click Bait lier.
🤡
ruclips.net/video/c0k54VpsTBE/видео.html
This guy is a dope
🤡