7 Cities Where Home Prices Will CRASH in 2024
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- čas přidán 24. 07. 2024
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In this video, I discuss 7 cities where home prices are projected to drop in 2024. Make sure you do your homework before investing anywhere!
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Timestamps
00:00
00:29 City 1
01:44 City 2
02:51 City 3
04:28- City 4
05:41 City 5
06:21 City 6
06:58- City 7
This video is about: Housing Market Crash 2024,real estate investing,2024 real estate market,real estate market analysis,housing market predictions,real estate crash reports,investment warnings 2024,market crash opportunities,housing market crash,housing market trends,texas real estate trends,florida housing market,investment tips,cities to avoid investing,dallas real estate market,real estate market trends,black real estate dialogue,black real estate dialogue podcast
#housingmarket2024 #realestatecrash
You are so knowledgeable brotha! Thank you for your insight.
Appreciate that! Thanks for your support
PRICES NEED TO COME DONW ABOUT 40%-50% JUST TO BE AFFORDABLE AGAIN
Agreed. I will say though I don’t think that will happen at scale. What do you think about that?
@@blackrealestatedialogue i DON'T KNOW...BUT THIS WHOLE SHIT SHOW WE'VE GOT GOING ON IN AMERICA IS ABOUT TO BLOW....CLIFF HIGH SAYS MAJOR EVENT'S HAPPENING AROUND 2-18-24....WE'LL SEE
Both houses & cars have become too expensive for most Americans these days, most especially for single people and/or single-income households. Even a lot of 2 income households can't afford them.
This issue has been exacerbated by the practices of insurance companies, which can have negative effects as well. Some insurance companies may contribute to rising prices by providing coverage that encourages risky lending and speculation. Additionally, certain insurance policies can be expensive, making it even more challenging for families to secure affordable properties. It's important for individuals tor consider diversifying their income streams, independent of government reliance, as a wise approach in the current situation.
What if you don't know how to trade any of these? I mean, see your point some people have the money and are willing to invest, the question is where to.
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Thanks! I don't have an issue with whatever people choose to buy. It's just important to make educated decisions and sure np go right ahead
I like your channel. I like hearing about real estate from my people
that means a lot to me. I really appreciate your support!
@@blackrealestatedialogue Not only me, I am sending your page to all the brothers who are trying to find new strategy. We will be tuned in boss. Keep it up, we are behind you 💪🏿✊🏿
I can't thank you enough for that!@@a.drummond8745
Thanks for the video. What do you think about Phoenix?
You’re welcome! Not sure about PHX. I’d need to do some research
No. Extremely overpriced. Extremely.
really? prices ran up the l last few years?@@kellyfitzpatrick4408
Completely agree with Hawaii. It’s too expensive out here. I live here😂🤙🏾
yikes haha. how is it out there?
@@blackrealestatedialogue expensive and crowded. If you don’t have a decent income it’s definitely not a place to invest.
@@temiymahs_World I understand. Do you think you will be there permanently?
Maybe in some places they might fall. But in my area they are building 100+ homes at 1.6-1.8 mil since last month🤯it’s just going to be an empty neighborhood where investors bought.
Wow where do you live?
@@blackrealestatedialogue LA lol. Check out new construction single family homes in Glendora or walnut
well I live in Bay Area and the house price just rises very fast beginning this year.
Where in the bay are you?
South Bay (Sunnyvale, Cupertino, etc)
Got it, wishing you the best out there@@daliwei3279
Rent will be extremely high
The clickbait is kinda annoying. Thumbnail showed WA but no mention of any cities there
Unfortunately I’m not perfect
Still there is less supply… it will not crash but may stabilize
I agree. I don't see a 2008 type of crash. I would say more of a correction. That is also city specific too if that makes sense.
The common denominator with the downturn and bad markets to invest in, is folks from California. That’s the common denominator, the policies, the mindset, and bringing it over into Texas, along with their high income, creates massive disruption, where ever the people from California go what they run from they bring those so bad habits and that’s why Texas and California are the worst place to invest that was clear in your analysis. wow
That’s a very interesting perspective. I wouldn’t rule out Texas all together though I just think people need to ensure they are not over paying. I will say, as someone who lives in CA I wouldn’t buy a rental property here even if someone gave it to me for free 😂😂
That San Antonio home looks like an investor over-rennovated and won't get a return on investment. The price is way too high for the square footage, at $240K it's possibly $100K overpriced. For that price I doubt anyone will even drive by it to look. I noticed that the initial listing was $330K ... absolutely insane
This is a great break down! If it’s an investor they are gonna lose big time. Do you think it might go down even more?
@@blackrealestatedialogue If you mean the price of this individual house going down, it will have to come down significantly to be in line with the market. There are much better options at that price range. The Zestimate is $23K less and even then it would still be a tough sell at the Zestimate. But the price is the seller's choice in the end.
This is a fair point! I see where you're coming from@@latte1648
I agree with 6 of them. I disagree with Dallas
Thanks for tuning in! Why don't you agree with Dallas?
Dallas will go bust-property taxes are high-you can't have high prices, high interest, high taxes and no beach. Prices must rebalance.
I understand where you're coming from!@@tjweez
Really have to get your eyes more open for the thumbnail to appear more shocked. You're supposed to also put both hands on your face too as pioneered by Macaulay Culkin in "Home Alone" and copied millions of times in thumbnails on CZcams. Otherwise we not 100% sure the video can be ignored.
LOL
Cities or States?
Cities
I can't wait for Real Estate to crash! It's a perfect investment opportunity. When prices crash, it helps offset the pain of the high mortgage rates. Perch on the edge like a vulture waiting to swoop in on corpses after the free-fall. When interest rates drop again...bidding wars and multi offers will be back on the books driving up prices shortly after.
Thanks for the comment! When you say crash though what do you mean specifically? Wanna make sure I understand you
@blackrealestatedialogue I am still learning about real-estate and finances. If the "soft landing" The Fed and Govt claim to be trying to do doesn't happen and it does later unfold kind of like 2008 with rapid price drops, that is a terrific time to be a new real-estate investor jumping into the market. If interest rates stay higher a little longer...just the other day, the Fed postponed another hike or drop. If mortgage rates stay higher a little longer. Prices will eventually have to drop like they are in some markets. Lower cost of housing, if it falls enough, with interest higher...will cost less to borrow than the current higher prices. Something in the market will force prices down. How fast. We don't know. If rates drop too fast to cheap money, you have scenarios where multi offers and large corporate acquisitions of residential pushed prices up insanely fast pre COVID.
I'm new and people with more immediate insite chime in as well. I comment to put out ideas to play with and weigh.
This is a well balanced perspective in my opinion. You've left a lot of things to think about. I'm curious to see how things play out! Thanks so much for adding to the conversation. I look forward to more comments from you. @@Hcirteid
@blackrealestatedialogue I read some caution from your commentary on the markets as well. If we jump too fast into a slightly depressed market while cost to borrow money on inflated real estate just before free fall of prices...that could be a painful and expensive lesson to learn.
@@blackrealestatedialogue Thanks for taking the time to read my brainstorming and for posting interesting content!
No crash. Home prices to the moon
When interest rates drop I agree
you can only hope,big corporations already started the mass lay offs,that leads to people defaulting on their mortgage and inventory goes up equals home value drops
I understand your perspective!@@pelon542