What Happens To Your Mortgage When Real Estate Collapses
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- Опубликовано: 17 окт 2024
- What happens to your mortgage when the real estate market crashes.
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this video, however makes no representations or warranties with
respect to the accuracy or completeness of its content. The contents
of this video should not be considered a substitute for
professional financial advice. Please consult a financial professional
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Mortgage rates are currently at an all time high since 2000(24 years) and based on statistics on inflation, we might see that number skyrocket further, a 30-year fixed rate was only 5% this time last year, so do I just keep waiting for a housing crash before buying or redirect my focus to the equity market
The stock market is no different, to maintain profit you need to have some in-depth knowledge on the market. I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.
In my opinion, it was much easier investing back in the 80s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.
My partner’s been considering going the same route, could you share more info please on the advisor that guides you
I'm very cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "Stacy Lynn Staples" I've worked with her for some years and highly recommend her. Check if she meets your criteria.
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.
In the 50's my late dad worked a modest job, mom was a housewife, and they lived a nice lifestyle including owning a home. Nowadays both I and my partner works and can barely afford to make ends meet. Luckily, I've just received an inheritance of $500,000 and concerned how to use money I didn’t work for. Should I pay mortgage since I’m still working, or do I invest in stocks rather than just staying 100% cash?
You should do a mix of both. Seek the help of a financial advisor and a real estate broker. Use $100k to get yourself a decent rental property, may need a mortgage but keep the cost of the property low, and put the rest into stocks.
Well agreed, investing with the help of a FA did the trick for me in less than 5 years, retired with couple millions before 55. I worked hard everyday as a teacher for 32 years, and my salary was over 100k annually, enough to get me fully invested.
@@M.Herlihy bravo! retired in my 40s after inheriting money from a childless relative, traveled overseas and found a girl almost my age, happily married but only issue is how to grow and preserve our wealth... think your FA can be of help?
Can't divulge much here, I take guidance from a Montana-based advisor 'Katherine Nance Dietz' and most likely, the internet is where to find her basic info, simply do your research.
glad to have stumbled upon this, curiously inputted Katherine Nance Dietz on the web, easily spotted her consulting page and was able to schedule a call session. Ive seen commentary about advisers but not this phenomenal
Fantastic video! I have incurred so much losses trading on my own.... I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong??
Same here, my portfolio has been going down the drain while I try trading,I just don't know what I do wrong..
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience.
I think I'm blessed if not I wouldn't have met someone who is as spectacular as expert mrs kathy.
Highly recommended🙌
Wow, I'm surprised to see Kathy mentioned here as well. I didn't know she had been kind to so many people
I'm also a huge beneficiary of her.. I thought myself and my family were the only ones enjoying Kathy trade benefits
I'm favoured, $22K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
Yes! I'm celebrating £32K stock portfolio today...
Started this journey with £3K.... I've invested no time and also with the right terms, now I have time for my family an…
when someone is straight forward and good at what she does best. People will always speak for them. For me I can would say give Mrs Jenna Brooklyn of finance education a try and you be happy you did
Started with 5,000$ and Withdrew profits
89,000$
Please who is this Mrs Jenna
This sounds so good andI would like to
be a party to this, is there any wayl can
speak with her?
Thank you for your videos. In today’s uncertain economic climate, investors are rethinking how to protect and grow their wealth. With traditional banking systems under pressure, it’s crucial to explore alternative strategies. Diversifying into high-growth assets like stocks and cryptocurrencies can serve as a hedge against inflation and market downturns, offering not just capital preservation but also opportunities for higher returns. Personally, I’ve grown my portfolio to $532K in just a few months, thanks to the expert guidance of Loraine Souvenir. Her deep expertise and trading acumen have been invaluable in navigating this challenging financial landscape.
Having access to reliable information is crucial for us as investors to succeed both financially and in life. This is valuable, I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this
Surprised to see her mentioned here! She tailors trading courses to suit beginners’ needs and really knows her stuff. Her advice has been invaluable to my trading journey-definitely worth it!
Wealth building and financial freedom are attainable with the right knowledge and tools. Using proper financial strategies and products is essential to growing and sustaining long-term wealth.. glad to know you want others to succeed
It's truly refreshing to see a comment about Loraine Souvenir. I've also had the pleasure of working with her for several months after discovering more about her online. She has a knack for simplifying complex issues, whether it's a market surge or decline. Her approach consistently keeps you ahead of the curve. I'd call her a guru, for sure
Thank you for sharing your experience. She’s helped grow my reserve, despite inflation, from $87k to $246k as of today..Her insights and daily siignals are worth following.
I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?
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.
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.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Can you provide instructions on how to contact your advisor? I'm experiencing erosion of my funds due to inflation and looking for a more profitable investment strategy to make better use of them.
‘’Marisa Michelle Litwinsky’’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Let’s remember real estate agents used fear of missing out tactics to get people locked at the peak at the market.
😂😂😂😂
It's nice to see someone involved in the real estate industry is actually aware of typical market trends. Most mortgage brokers and agents seem to think rate cuts mean more sales, completely ignoring why rates are being cut.
Best part is the rate cut didn't happen but for two weeks
He was telling people to buy at the peak of the insanity.
@@cryptoholica72 this guy has very mainstream opinions.
Canada just keeps getting more vulnerable. We've shifted our economy so that real estate speculation is now a greater piece of the economic pie than innovation. So when the bubble does pop...
Work hard to pay your mortgage off as soon as possible. You won’t regret it.
Banks are selling mortgages. People always say it's a good option to buy at discount, but with the market turmoil and everything at stake in present economy, I'm thinking of buying stable coin to hedge against inflation, or is it all right saving over 350k ?
There are options that spread across multiple banks. I use a non-beginner broker that protest up to 3 million dollars and provide 4.58% returns on cash, it's always a good idea to consider working with an advisor for financial planning
Agreed, financial advisors play a key role in portfolio allocation and i've been using one since late 2019 just before rona outbreak. So far, I'm barely 25% short of $1m ballpark goal after subsequent investments.
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
Stacy Lynn Staples is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Real estate will crash unless we get huge inflation or wages go up significantly... it's just math
Not really, Canada is changing to be more like Europe. Most people in many countries never own homes, they just rent. There is a landowning class, and a proletarian class. Boomers will pass their homes to millennials - that’s the land owning class today. That wealth isn’t going anywhere, most Canadians just won’t be able to access it. Trudeaus policies accelerated the shift - more debt, more inflation, more concentrated wealth, more immigrants to work the fields and push up those prices.
@@mkyhou1160 what are you talking about??? So you are saying that no home will sell because they will just be inherited? Nobody dies, goes bankrupt, loses their job, divorces, etc?
What type of nonsense do you have in your head?
@@FLAC2023 I’m saying there won’t be a crash, homes aren’t going to come available at prices where the math works for the masses just because you or other people are hoping they will. We are in an economy now of landowners, and peasants, it’s not going to flip such that the peasants can afford land, didn’t happen in Europe, won’t happen in Canada’s desirable cities.
@@mkyhou1160I don’t have a crystal ball but starting to think this might be true. I may be able to buy but was waiting to see what happens in 2025. I think my area will stagnate so not rushing. But I also am aware housing may never crash. If they want a nation of landlords and peasants it will happen. Never thought it would happen to Canada but realize it may be our future.
@@mkyhou1160 True. Vanguard, Blackrock and Stateside will buy em all at default discount and simply rent them back to the 'owners'. You vill have nutzing, unt be happy ;)
We've been renting for twenty years after selling our house in BC. Our landlord has decided to sell and we're shortly going to be tossed into the housing market, prices are still pretty high around here (Windsor). Wife isn't too interested in renting again (second time this has happened). Do you think prices really are going to come down? Don't care if they remain steady if I buy but wont' be happy if it goes down. Been expecting the bubble to burst for 20 years, never happened. I don't have a great track record obviously. Financing isn't an issue.
You really shit the bed eh, 20 years? Of the most epic real estate run up in history, and financing was not an issue, or issue at this price level. Wow 😢
With Canada's non stop influx of new comers the demand for housing in Canada isn't going anywhere. I really can't see prices coming down.
There is a high probability that these lenders dictate homes prices by approving mortgages and printing money through the Fractional Reserve Banking system, further increasing inflation.
If prices crash, and interest rates drop, and you are underwater, you can say to the bank,
"change my interest rate to the current rate, penalty free, or you can have the keys".
I'm favoured only God knows how much I praise Him, $230k every 4weeks! I now have a big mansion and can now afford anything and also support God's work and the church.
Only God knows how much grateful i am. After so much struggles I now own a new house and my family is happy once again everything is finally falling into place!!
Wow that's huge, how do you make that much monthly?
I'm 37 and have been looking for ways to be successful, please how??
It's Ms. Alice Louis doing, she's changed my life.
I started pretty low, though, $5000 thereabouts.
The return came massive. Joey is in school doing well, telling me of new friends he's meeting in school. Thank you Alice Louis , you're a miracle.
What is the best Interest rate we can get for 3 year refinance
Excellent vid! Thank you Nolan.
Very informative set🫡🫡🫡
Exactly....thats why equity is a scam...you still have to qualify for it and BORROW it...meaning you have to pay it back (unless you sell) because its not yours...
Maybe supply being low will keep the prices steady. All the immigration helps 😀
When there are absolutely zero sales. This guy will be putting out videos of how hes been a carpenter for the last 25 years. Lol. Probably change his name too.
Tiger king: I’ll never financially recover from this.
This guy doesn't have faith in the stock market, he doesn't have faith in real estate, he doesn't have faith in gold, etc. So what else is there? Well, there's RUclips, where these guys can make a boatload of money peddling fear and uncertainty and it's in their best interest to keep the fires burning.
How exactly is the mortgage actually legal? It's blatant corporate robbery by the banks, hence the death contract interpretation
Mortgage means death pledge in French which is why it gets it's name 👍
Calling a market crash, is like calling an end to all civil functions and norms... guess who pays the bills for garbage collection, police, schools, water treatment in your city??? The home owners, and if values plummet so will all the tax dollars
So you have never experienced marked crash before 😂
real estate agents are not your amigo.
Love your videos! My wife and I are being outbid on our first time home purchase. Kinda hoping for a recession so that house prices come down - whenever that happens.
Home price will fall 30% end of 2025, Q1 2026.
@@bilko_4732 no this times different!
First another mega pump.in stocks, crypto, gold etc... then a huge dump. It'll be ugly. Be prepared.
Be careful! The current infatuation with tiny houses attracts overpricing for what you’re actually getting and what you aren’t getting. Buy what you can afford and never consider that the price/value ‘will’ increase year on year. It may not.
Real estate are the reason home prices crash because they are the reason home prices inflate.
Your account is good but take war and fuel at $350 a barrel
Every one is in the shit.
No crash
Nolan, you have lost your mind
I've been hearing about this " crash" for 10 years....i don't see a crash...but a slow downrurn in pricing but not 40-60% decline
Ive been told not to buy because real estate will crash. I didnt listen to them…..We now own 3 properties.
Said a lot of people in 2007.....
@@Plumber60423finance, owning is not financing….
thats too bad
@@Plumber60423 Wow, you must have a very large family to need 3 properties!