In the early 1990s, when I purchased my first residence in Miami, mortgage rates were commonly in the 8-10% range. Today’s market participants must recognize that the historically low rates of 3% may not return. If sellers are compelled to list their properties, market dynamics will likely drive prices downward, leading to reduced valuations-this is a sentiment that many in the industry share.
The situation is poised to become more challenging. Affordable housing will soon become a misnomer. My advice for anyone considering a move is to act promptly, as current prices may appear as bargains in the near future. Until the Federal Reserve takes more decisive action, inflationary pressures could drive significant market instability. Partial measures won’t suffice to stabilize the situation.
Although a housing market price correction appears imminent, it might be wise in the near term to shift investments from real estate to alternative asset classes like stocks or commodities such as gold. With a significant increase in interest rates, indicators pointing towards a recession, and stricter mortgage underwriting criteria, there is added strain. It may require a price drop of 40-50% for the market to stabilize. For individuals facing financial uncertainty, seeking advice from an independent financial specialist familiar with prevailing market conditions is recommended.
I consistently recommend Rebecca Lynne Buie as my top choice. She is well-known for her expertise in financial markets and has an impressive track record. I highly endorse her services.
Buying a house with your hard earned money, and for everybody wanting a piece of your money, including charging you to get a copy of your credit report, when you can get it for free! Just anyway to rip you off. This is why people are buying a different way and ditching the middle ripoff people.
Closing costs are a rip off. Yes I do understand what I am paying. If two homes side by side but at radically different prices need to pay a percentage of the closing costs, why should the higher priced home buy pay more for closing when the fees in the steps in closing are largely the same? It costs the same to do the paper work on both, the same recording fees. I understand there could be slight differences. Home owners insurance is another rip off. Put the 20% down and by-pass the home owners insurance. Tax escrow is another rip off. They always take more than needed as to not be short in the event of a tax increase, some cases a lot more. Pay your own taxes. Demand that. I don't need my bank to pay my taxes. The bank does not pay my light bill in escrow. Banks in general are a rip off. What does the bank pay you on your money in there. If everyone took their money from that bank how long do you think they would be in business? They need you, you don't need them.
Some of the COMPONENTS may be a percentage if sales price, but the OVERALL closing costs are not. Also, wht are these clients not getting a HUD statement ahead of closing to review without duress of a closing? I have always reviewed an estimated HUD with any offer I am considering in Florida.
For a down payment, the funds are expected to be in an account for at least two months (I’ve heard it referred to as seasoning the funds), is the same thing expected for closing costs?
Your so superiorly beautiful and powerful and it makes you completely 1 of a kind in such a magnificent way. Very thankful to know your channel and its content Tiffany. Thank you! Very respectfully, A fan!
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In the early 1990s, when I purchased my first residence in Miami, mortgage rates were commonly in the 8-10% range. Today’s market participants must recognize that the historically low rates of 3% may not return. If sellers are compelled to list their properties, market dynamics will likely drive prices downward, leading to reduced valuations-this is a sentiment that many in the industry share.
The situation is poised to become more challenging. Affordable housing will soon become a misnomer. My advice for anyone considering a move is to act promptly, as current prices may appear as bargains in the near future. Until the Federal Reserve takes more decisive action, inflationary pressures could drive significant market instability. Partial measures won’t suffice to stabilize the situation.
Although a housing market price correction appears imminent, it might be wise in the near term to shift investments from real estate to alternative asset classes like stocks or commodities such as gold. With a significant increase in interest rates, indicators pointing towards a recession, and stricter mortgage underwriting criteria, there is added strain. It may require a price drop of 40-50% for the market to stabilize. For individuals facing financial uncertainty, seeking advice from an independent financial specialist familiar with prevailing market conditions is recommended.
How can I find a trusted financial planner like yours?
I consistently recommend Rebecca Lynne Buie as my top choice. She is well-known for her expertise in financial markets and has an impressive track record. I highly endorse her services.
Thank you for the recommendation. I reached out to her, and I’m looking forward to her response.
Buying a house with your hard earned money, and for everybody wanting a piece of your money, including charging you to get a copy of your credit report, when you can get it for free! Just anyway to rip you off. This is why people are buying a different way and ditching the middle ripoff people.
That’s why you need to be educated hence why we make these videos
Closing costs are a rip off. Yes I do understand what I am paying. If two homes side by side but at radically different prices need to pay a percentage of the closing costs, why should the higher priced home buy pay more for closing when the fees in the steps in closing are largely the same? It costs the same to do the paper work on both, the same recording fees. I understand there could be slight differences. Home owners insurance is another rip off. Put the 20% down and by-pass the home owners insurance. Tax escrow is another rip off. They always take more than needed as to not be short in the event of a tax increase, some cases a lot more. Pay your own taxes. Demand that. I don't need my bank to pay my taxes. The bank does not pay my light bill in escrow. Banks in general are a rip off. What does the bank pay you on your money in there. If everyone took their money from that bank how long do you think they would be in business? They need you, you don't need them.
Some of the COMPONENTS may be a percentage if sales price, but the OVERALL closing costs are not. Also, wht are these clients not getting a HUD statement ahead of closing to review without duress of a closing? I have always reviewed an estimated HUD with any offer I am considering in Florida.
For a down payment, the funds are expected to be in an account for at least two months (I’ve heard it referred to as seasoning the funds), is the same thing expected for closing costs?
Another ⭐️⭐️⭐️⭐️⭐️ Video‼️💯
Closing costs include a lot of lawyer services, which are set by the lawyer.
In NC lawyers fees are one of the cheapest line items
RIPOFF
Your so superiorly beautiful and powerful and it makes you completely 1 of a kind in such a magnificent way. Very thankful to know your channel and its content Tiffany. Thank you!
Very respectfully,
A fan!