Back in the day, 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 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.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
Personally, I can connect to that. When I began working with “Natalie Lynn Fisk’’ a fiduciary financial counsellor, my advantages were certain. In these circumstances, I would always advise getting professional help so they can steer you through choppy markets and just give you indicators and strategies for knowing when to enter and exit the market.
Great just great we young adults on our 20’s will never have a normal like we can’t afford a house can’t have kids because we can’t afford life for ourselves let alone another human. I’m moving of this pathetic country. This has been going for years now and nothing hash changed for the better it just continues to get worse and worse!
Yes it's sad, but we must not lose hope. We need to come together as people and resist this evil. Learn to be a minimalist, and don't buy things you don't need. Never support rich corporations like Amazon, Ebay, and Walmart. Always support local. There are many more things we can do..
Not going down unless millions of more homes are built. The one major factor that created this shortage was the regulations that went into effect after the 2008. Building started slowing down at that point, and never keep up with demand, which happened slowly, until 2020, which exposed all of our flaws. If you voted for the liberals that make these regulations, please do not complain, as you voted for expensive home prices.
In southern California, you’d have to make 6 figures, in order to buy a crack house 😂. I really hope a 3bed 2bath house in a descent neighborhood go back to 500k one day. 😕
Back in the day, 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 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.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
Personally, I can connect to that. When I began working with “Natalie Lynn Fisk’’ a fiduciary financial counsellor, my advantages were certain. In these circumstances, I would always advise getting professional help so they can steer you through choppy markets and just give you indicators and strategies for knowing when to enter and exit the market.
I am on her site doing my due diligence. She seems proficient. I wrote her an email and scheduled a phone call. Thanks for sharing
I actually thought this video was just going to be nothing but bankers just laughing non stop.
😂😂😂😂😂😂😂😂😂😂😂
🤣🤣🤣🤣🤣🤣🤣🤣🤣🙂🙂🙂🙂🙂😐😐😐😐😐...... You're serious?
Great just great we young adults on our 20’s will never have a normal like we can’t afford a house can’t have kids because we can’t afford life for ourselves let alone another human. I’m moving of this pathetic country. This has been going for years now and nothing hash changed for the better it just continues to get worse and worse!
Yes it's sad, but we must not lose hope. We need to come together as people and resist this evil. Learn to be a minimalist, and don't buy things you don't need. Never support rich corporations like Amazon, Ebay, and Walmart. Always support local. There are many more things we can do..
Boycott there goods.
Petition, complain, protest.
Vote for your rights!
Create a website and channel and perpetuate new ideas for humanity.
Inflation is already down to 4% it is just a question of time until it is at 2%. Honestly we only need to be close to 2%.
Inflation is over 5%
Inflation is going down very slow?
One year ago inflation was it 9.1% and now it is at 4%. Inflation has been going do pretty quickly in the US.
The market is doing extremely well, by the time June's data comes out - inflation will be below 4%.
Inflation is over 5%
Home values are declining, nationally.
Where not in Miami fl
Inflation rate is 3.67% as of October 3rd 2023.
Not going down unless millions of more homes are built. The one major factor that created this shortage was the regulations that went into effect after the 2008. Building started slowing down at that point, and never keep up with demand, which happened slowly, until 2020, which exposed all of our flaws. If you voted for the liberals that make these regulations, please do not complain, as you voted for expensive home prices.
Could you explain further the regulations you speak of? What was the name of it?
@@richguy011lending rules for banks. Can't give mortgages to hood rats any longer
You failed to name any regulations. You lose.
Not anytime soon.
I don't think so..
In southern California, you’d have to make 6 figures, in order to buy a crack house 😂. I really hope a 3bed 2bath house in a descent neighborhood go back to 500k one day. 😕
Promo'SM
Never