Bought my house as a bank owned property in 2009. It seemed like a lot of money at the time, but was a pretty good deal in retrospect. It has roughly quadrupled in value.. No way could I afford to buy it today.
If you can’t afford to buy your own home, you sure can’t afford to move up from it 🤷♂️. I wonder, of those who don’t think they could afford to buy their current home today, how many of those owners with a 3% or sub mortgage could even afford to downsize at 7.4% interest rates?
We’ll see if they continue the unemployment con of not telling us that 43% of jobs created are government jobs and industrial and manufacturing jobs are little or nothing. That’s all we need is more jobs added to an already bloated government.
Well, I own a manufacturing business and my biggest challenge with employment is finding people willing to work. We offer competitive pay, great benefits, and 4 day work weeks. For every ad we place we get 50+ applicants, less than 25 responses, about 10 people who show for an interview, and we are lucky if we have even one viable candidate. So job availability IS NOT the issue.
sub-division analysis report. One thing that irks me about your channel is you need to say “were seeing price cuts @ _____” in phoenix, your all area zip codes. But arcadia neighborhood, camelback etc are all phoenix zip. Kierland & places like DC ranch are scottsdale but thats not a fair comparison to low end scottsdale. My point is, you gotta dig deeper than the cromford report 🥱Renovation estimates are up all over the central area (arcadia, camelback, PV) because lack of centralized areas to build. Watch in 25’ your either going to have to do a 1/2 million central renovation, or buy on the outskirts (gilbert / west valley) at an outrageous price. Were #1 in 🇺🇸 Build >> Rent this week, maybe talk about that instead of all this doom and gloom
Homes 50% Overpriced, Lowest mortgage originations since 1995, Interest rates at 7.5%, Property taxes higher than ever, and June-Sept. temperatures 100*-120*. #HOTGREEEDY-RIPOFF
INCOMES NOW DAYZ😮😮😮😮😮 ARE IN MANY WAY SADNESS ONLY BECAUSE PEOPLE ARE STUIPED. WE ARE LOOKING FORWARD TO SEEING NEW 🆕 PLACESIS NICELY LIVING ROOMS. BUT .......PEOPLE CAN'T FOCUS ON THERE NEW PLACE.????? MOST IMPORTANT.......😂 I'M MAKING SURE MY $180.000.000.00 STAY WITH ME😂🎉😮
🏡 Home Buying & Selling Resources: bit.ly/caitlinmckeague
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We appreciate your updates. You non BS approach is refreshing and we thank you.
Thank you!!
Sales are going down, inventory going up!!! Get ready!!
Lol people have been saying that for a decade
@@re-engineeringme9758 who? Were you telling people to buy in 2008?? I bet you were lol. Hahaha look at the data.
@@four20smp 2024 - 10 = 2014
Hope things are finally going in the right direction , slow motion is better than no motion
I am showing $320-380k town home prices off Greenway and 51 dropping 14% since last year but selling within 33 days if initially priced right.
Bought my house as a bank owned property in 2009. It seemed like a lot of money at the time, but was a pretty good deal in retrospect. It has roughly quadrupled in value.. No way could I afford to buy it today.
What a great time to buy!
Once jobs cuts start happening, then the market may move.
Still need a 40% drop in home prices for it to be worth it. 480k for a 3 bedroom is insane.
Not going to happen
Nope, I couldn't 😢. My mortgage would double, and I bought back in 2017. Houses go up and down. Now it's on the way down.
Thanks for sharing!
No I could not afford to purchase my home today with the price increase and mortgage rates. I purchased in 2020 and it's increased in value by 145k.
Wow! Thanks for sharing!
@@yourphoenixrealestateagent and my interest rate will never be as low as it is at 2.875.
Most homeowners don't realize how high their mortgage payments would be. The real number is probably 7 out of 10.
When home owners can’t afford to re-buy their own home, that’s a broken market. Lower prices ahead.
Or eventually wages will catch up and those prices will be a new normal, like in 70-x & 80-x 😊
@@alexmosichuk3406Assuming you purchased RE in the last 3 years ?
False, it’s always been like this since the beginning time.
The prices are insane, no way would I pay double what someone paid in 2020. They can keep their overpriced homes.
If you can’t afford to buy your own home, you sure can’t afford to move up from it 🤷♂️. I wonder, of those who don’t think they could afford to buy their current home today, how many of those owners with a 3% or sub mortgage could even afford to downsize at 7.4% interest rates?
I feel like even if you downsize you’re still going to pay as much or more. Hence the lock in effect.
@@Davefitz04 exactly.
We’ll see if they continue the unemployment con of not telling us that 43% of jobs created are government jobs and industrial and manufacturing jobs are little or nothing. That’s all we need is more jobs added to an already bloated government.
Well, I own a manufacturing business and my biggest challenge with employment is finding people willing to work. We offer competitive pay, great benefits, and 4 day work weeks. For every ad we place we get 50+ applicants, less than 25 responses, about 10 people who show for an interview, and we are lucky if we have even one viable candidate. So job availability IS NOT the issue.
Boring - I wish we could lower interest rates and have everyone make more money again!!
sub-division analysis report. One thing that irks me about your channel is you need to say “were seeing price cuts @ _____” in phoenix, your all area zip codes. But arcadia neighborhood, camelback etc are all phoenix zip. Kierland & places like DC ranch are scottsdale but thats not a fair comparison to low end scottsdale. My point is, you gotta dig deeper than the cromford report 🥱Renovation estimates are up all over the central area (arcadia, camelback, PV) because lack of centralized areas to build. Watch in 25’ your either going to have to do a 1/2 million central renovation, or buy on the outskirts (gilbert / west valley) at an outrageous price.
Were #1 in 🇺🇸 Build >> Rent this week, maybe talk about that instead of all this doom and gloom
Homes 50% Overpriced, Lowest mortgage originations since 1995, Interest rates at 7.5%, Property taxes higher than ever, and June-Sept. temperatures 100*-120*. #HOTGREEEDY-RIPOFF
INCOMES NOW DAYZ😮😮😮😮😮
ARE IN MANY WAY SADNESS ONLY BECAUSE PEOPLE ARE STUIPED.
WE ARE LOOKING FORWARD TO SEEING NEW 🆕 PLACESIS NICELY
LIVING ROOMS.
BUT .......PEOPLE CAN'T FOCUS ON THERE NEW PLACE.?????
MOST IMPORTANT.......😂
I'M MAKING SURE MY $180.000.000.00
STAY WITH ME😂🎉😮
THERE SO.......
MANY STUIPED PEOPLE NIW DAYZ🍎🍏🍎🍏🍎🍎🍏🍎🍏🍏🍎🍏🍏🍎🍏🍎
THERE SO.......
MANY STUIPED PEOPLE NIW DAYZ🍎🍏🍎🍏🍎🍎🍏🍎🍏🍏🍎🍏🍏🍎🍏🍎