Back in the days, 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 wants to do, I will advise them to 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.
@@Giuditta-o6w On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my portfolio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial planner who devised a defensive strategy to protect and profit from my portfolio this red season. I’ve made over $260k since then.
@@Dawne-t2w There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Victoria Carmen Santaella” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
The fin-Market;s have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $750k is down to $592k any recommendation;s to scale up my return;s during this crash will be highly appreciated.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession-influenced market, but to the best of my knowledge, it was through an F.A
Yeah, brokerage AdvisoRs could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of investors raking in 6 to 7 digits in a space of months. So, I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2020, and the least I returned was $140k ROI, and this does not include capital gain.
Jenienne Miniter Fagan is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
What are they going to do when the rates go down but everything is still unaffordable? At some point we have to acknowledge a 50% price increase to the housing market wasn't organic and isn't healthy for the country.
I am 65 and wanting to sell out and move to Myrtle Beach. Problem is, that $475,000.00 house I want now cost $925,000.00. This craziness makes me sick! I wish interest rates were 12.75% like they were when I built my 1st home. Lower interest rates only drive up the cost of housing and encourage people to buy something they can't afford.
@@tmo4330 Boomer generation is aging out. My fathers health will prevent them from going south to their second home in south Texas. Retirement properties have supply coming.
If nobody could afford it, then who bought it? If the buyers can’t afford it then you will get a great opportunity in foreclosure! The 50% price increase only gets housing back up to the long term trend after two decade os stagnation from the GFC. “Unaffordable” is a product of urbanization.
@@issalatar8342 Deflation has nothing to do with home prices in the US and is terrible for an economy. What we need is legislation stopping BlackStone and other hedge funds from buying up and holding such a large percentage of single family homes. That is the largest contributor to the ballooned housing prices, low inventory would be second, and easy money ie low interest rates third. As you've seen, Democrats have tried to raise rates to help homebuyers by eventually lowering housing prices...of course its a double edged sword as it also makes it more difficult for a buyer to get the loan value they need to secure a house. But at least in my opinion, action is better than just talk that you get from trumpers.
They can drop them down to 2%... I'm still not buying until these prices come back to reality. Rates eb and flow, especially over the course of a 30 year mortgage.... However, no interest rate can offset a horrible purchase price, and these prices will have people upside down or at a break even for at least the next 10 years.
The world runs on individuals pursuing their separate interests. Everyone (I mean everyone!) is trying to maximize their benefits. So, "greed" is something that is related to human nature.
Existing homeprices might not rise. So many owners are not listing because there are no homes to move to and rates are too high. Lower rates may bring more supply which will keep prices flat.
As we seek to purchase a home there are several realtors telling us during an open house that the great homes that are selling never even go on the market. Investors, cash buyers and those with really great real estate knowledge know that you must "Play the Game"... get a very reputable realtor who knows what the next listing will be and sells you the home before it even gets listed. Often as a dual representation so they can make more commission themselves. The real estate industry has been a big part of why inventory looks low, when in reality it is just being sold "off-market."
Retired at 50 few years ago, $1m in the bank. More time with my wife. 3-5 trips to the gym each week that I couldn’t do while working. Way less stress. More time for hobbies. Cycled 5,000 miles my 1st year of retirement. Joined a golf league that work travel had prevented. Actually have seen our net worth INCREASE nearly each year in retirement, thanks to no debt and years of dedicated investing with my FA joanna claire who made me a million after giving her a sum of one hundred and eighty thousand to start. Now i'm able to help my elderly mom more. Way more time spent outdoors with my family. Life is good!
I love how they say just casually.20% down on a $400000 home.People really have $80000 in cash in an economy.Move and everyone's living at the paycheck
People out there have a lot more money than you think. Many Americans are well all financially and can afford 20% easily. Older Americans are well off and will be willing to help out their kids.
20% down? You might just be starting out, but I wish I could find a real $475,000.00 house in Myrtle beach to pay cash for. I only see $475,000.00 houses with $900,000.00 asking prices. Houses are way overpriced. It's pitiful.
Live within your means, delay having kids, and don't use high interest rate loans to fund your lifestyle and you'll easily be able to save up a down payment if you have a good work ethic.
This reminds me of the recently released "2024 Top 10 World Most Expensive Modular Apartment Highrises". As for future real estate trends, these high-priced modular apartments seem to be becoming more and more common. What do you think of this trend?
From $37K to $65K that's the minimum range of profit return every month I think it's not a bad one for me,😊 now I have enough to pay bills and take care of my family.
Venturing into crypto as a newbie was very difficult due to lack of experience which resulted in loosing funds. But Meredith Lindshaw, restored hope shes a good woman..
I Just withdrew my profits week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
Let's hope so! I would like to see house loans at 12.75% like they were when I built my home. I want to sell and move to Myrtle Beach, but I only see $300,000.00 houses priced at $600,000.00 or more. This is sick. Worked all my life and have the cash but the houses are extremely over priced.
No salary increase but prices gone up exponentially. House prices doubled its a bubble made by home builders and our president is busy in counting his age day by day.
Back in the days, 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 wants to do, I will advise them to 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.
@@Giuditta-o6w On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my portfolio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial planner who devised a defensive strategy to protect and profit from my portfolio this red season. I’ve made over $260k since then.
@@ChanAronhalt I will be happy to get assistance and glad to get the help of one, but just how can one spot a reputable one?
@@Dawne-t2w There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Victoria Carmen Santaella” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
@@ChanAronhalt 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.
The fin-Market;s have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $750k is down to $592k any recommendation;s to scale up my return;s during this crash will be highly appreciated.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession-influenced market, but to the best of my knowledge, it was through an F.A
Yeah, brokerage AdvisoRs could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of investors raking in 6 to 7 digits in a space of months. So, I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2020, and the least I returned was $140k ROI, and this does not include capital gain.
Could you kindly elaborate on the advisor's background and qualifications?
Jenienne Miniter Fagan is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just googled her name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get.
What are they going to do when the rates go down but everything is still unaffordable? At some point we have to acknowledge a 50% price increase to the housing market wasn't organic and isn't healthy for the country.
because inflation is compounding, you would need negative inflation to decrease prices enough
I am 65 and wanting to sell out and move to Myrtle Beach. Problem is, that $475,000.00 house I want now cost $925,000.00. This craziness makes me sick! I wish interest rates were 12.75% like they were when I built my 1st home. Lower interest rates only drive up the cost of housing and encourage people to buy something they can't afford.
@@tmo4330 Boomer generation is aging out. My fathers health will prevent them from going south to their second home in south Texas. Retirement properties have supply coming.
If nobody could afford it, then who bought it?
If the buyers can’t afford it then you will get a great opportunity in foreclosure!
The 50% price increase only gets housing back up to the long term trend after two decade os stagnation from the GFC.
“Unaffordable” is a product of urbanization.
@@issalatar8342 Deflation has nothing to do with home prices in the US and is terrible for an economy. What we need is legislation stopping BlackStone and other hedge funds from buying up and holding such a large percentage of single family homes. That is the largest contributor to the ballooned housing prices, low inventory would be second, and easy money ie low interest rates third. As you've seen, Democrats have tried to raise rates to help homebuyers by eventually lowering housing prices...of course its a double edged sword as it also makes it more difficult for a buyer to get the loan value they need to secure a house. But at least in my opinion, action is better than just talk that you get from trumpers.
They can drop them down to 2%... I'm still not buying until these prices come back to reality. Rates eb and flow, especially over the course of a 30 year mortgage.... However, no interest rate can offset a horrible purchase price, and these prices will have people upside down or at a break even for at least the next 10 years.
Omg 6bp!!!! 😮 I’m buying my second home tomorrow! 😂
Showing mortgage rates are not linked to the lending rate but to the greed rate.
Neither. It's loosely correlated to the 10-year treasury bond.
The world runs on individuals pursuing their separate interests. Everyone (I mean everyone!) is trying to maximize their benefits. So, "greed" is something that is related to human nature.
@PythonPogchamp Everyone (including me and you) is greedy. Greed is a good thing though
Existing homeprices might not rise. So many owners are not listing because there are no homes to move to and rates are too high. Lower rates may bring more supply which will keep prices flat.
Dream on.
these clowns aren't presenting the complete picture. Investors has a clench on home inventories across the nation. they're not lowering the prices.
As we seek to purchase a home there are several realtors telling us during an open house that the great homes that are selling never even go on the market. Investors, cash buyers and those with really great real estate knowledge know that you must "Play the Game"... get a very reputable realtor who knows what the next listing will be and sells you the home before it even gets listed. Often as a dual representation so they can make more commission themselves. The real estate industry has been a big part of why inventory looks low, when in reality it is just being sold "off-market."
The prices are too high for the average buyer to buy houses? Buters are concerned about future taxes, insurance, utilities raises?
Makes no difference
Retired at 50 few years ago, $1m in the bank. More time with my wife. 3-5 trips to the gym each week that I couldn’t do while working. Way less stress. More time for hobbies. Cycled 5,000 miles my 1st year of retirement. Joined a golf league that work travel had prevented. Actually have seen our net worth INCREASE nearly each year in retirement, thanks to no debt and years of dedicated investing with my FA joanna claire who made me a million after giving her a sum of one hundred and eighty thousand to start. Now i'm able to help my elderly mom more. Way more time spent outdoors with my family. Life is good!
The very first time we tried, we invested $1000 and after a week, we received $3900. That really helped us a lot to pay up our bills
You trade with joanna claire too? Wow that woman has been a blessing to me and my family
I was skeptical at first until I decided to try. It’s huge returns is awesome! I can’t say much.
she's mostly on Telegrams, with the user name.
CLjoanna that's it...
I love how they say just casually.20% down on a $400000 home.People really have $80000 in cash in an economy.Move and everyone's living at the paycheck
People out there have a lot more money than you think. Many Americans are well all financially and can afford 20% easily. Older Americans are well off and will be willing to help out their kids.
It's called saving money, if you can't do it then you're either working in the wrong field or in car debt. struck a nerve didn't it?
20% down? You might just be starting out, but I wish I could find a real $475,000.00 house in Myrtle beach to pay cash for. I only see $475,000.00 houses with $900,000.00 asking prices. Houses are way overpriced. It's pitiful.
Live within your means, delay having kids, and don't use high interest rate loans to fund your lifestyle and you'll easily be able to save up a down payment if you have a good work ethic.
This reminds me of the recently released "2024 Top 10 World Most Expensive Modular Apartment Highrises". As for future real estate trends, these high-priced modular apartments seem to be becoming more and more common. What do you think of this trend?
And the drop still won't bring in many new buyers. lnflation has caught up to too many people..
But how's in prices aren't falling
perfect time to buy! everything is going swimmingly in the economy🎉🎉🎉
Sharply😂😂😂😂
Market doing its thing despite papa JP being off by 1 month. Love to see it. The invisible hand.
From $37K to $65K that's the minimum range of profit return every month I think it's not a bad one for me,😊 now I have enough to pay bills and take care of my family.
How please?
Meredith Lindshaw
Venturing into crypto as a newbie was very difficult due to lack of experience which resulted in loosing funds. But Meredith Lindshaw, restored hope shes a good woman..
I Just withdrew my profits week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
Spot-on, I would always rate her signals as one of the best ever used 100% accurate.
houses are 40% over priced that is the problem.
Yep. A decrease in rates is great and all, but 30 years of inflation crammed into 3 years… it’s still not doable for most people.
It's the new normal
Someone has money to buy at those prices.
@@AmeriGlobal Blackrock?
Inflation is crazy. Do you think houses will go back to -40%?
When will it matter? 4.5% Still another 2.0% too high.
So stupid. Yeah run out and take on more debt to keep the bubble going. Please buy my overpriced house.
Rates are going up BIG time!,,,
Let's hope so! I would like to see house loans at 12.75% like they were when I built my home. I want to sell and move to Myrtle Beach, but I only see $300,000.00 houses priced at $600,000.00 or more. This is sick. Worked all my life and have the cash but the houses are extremely over priced.
No salary increase but prices gone up exponentially. House prices doubled its a bubble made by home builders and our president is busy in counting his age day by day.