It’s Here: The Reverse Housing Crash Of 2024
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- čas přidán 19. 05. 2024
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THE 2024 HOUSING MARKET:
Wells Fargo was the first to warn that the “housing market is headed back to a 1980s-style recession." However, even though Wells Fargo believes that the housing market could enter a “Recession” - that doesn’t mean lower prices - in fact, to them, it means the opposite.
They say, because fewer sellers are listing their homes, “home prices will continue to appreciate at a slightly slower pace because of underlying demand and tight supply, rising 1.8% by the end of this year, as tracked by Case-Shiller, and 2.5% in 2024. In 2025, Wells Fargo forecasts home prices will rise 4.4%.”
On the other hand, Morgan Stanley believes that housing will start to get more affordable throughout 2024, saying: “We expect home sales to be weak in the first half of next year, but activity should pick up in the second half and further into 2025, and that's primarily because affordability will improve.”
They also expect that the Federal Reserve will start lowering interest rates in mid-2024, which - will prompt more sellers to list, and more buyers to obtain a slightly more affordable mortgage. They anticipate rates to be as low as 0.4% by late 2025 - meaning, according to them - we’ll be back near a 0% interest rate policy in just 2 more years.
The chief economist of Realtor.com also agrees with the fact that affordability will only improve from here, noting that ‘Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors all predict that the 30-year mortgage rate will fall to below 7% in the second half of 2024.’
However, the downside is that - regardless of who you ask - nearly everyone unanimously believes that housing prices are unlikely to see much of a decline in the near future, at least until home sellers outnumber home buyers - which, right now - isn’t anywhere close to happening.
According to the CEO of Redfin, the ”only good thing right now about the US housing market is that it can't get much worse from here” in terms of low inventory, high mortgage rates, and low sales - but only time will tell if these aspects improve.
At this point, it’s said that - in order for affordability to fall back to “normal” levels - one of three things needs to happen: “Either the 30-year mortgage rate needs to fall by 4.4 percentage points, the median household income needs to rise by 62%, or home prices need to fall by 38%.”
Although, keep in mind that t’s reported, of the homes sold in October, “28% went above the listing price, which suggests there was still a bidding war among would-be buyers.”
Personally, I tend to think that most of these real estate predictions are totally random guesses (and, inevitably, a few of them will be right) but, if you were to ask me to give a guess, I’d say rates hang higher than people expect for the next year, I’m guessing they’re not going to go down as much as people think and over the next few years, the housing market will slowly begin to normalize, but - it could take a long time.
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Here is a link containing the source material for each piece of research cited. I do my best to make my videos as accurate as I can, and the additional resources should help anyone who wants to look into them further - enjoy! docs.google.com/spreadsheets/d/16fSKHvn1fy7v09OW_FfrB6azqWGqI2nV4s6d2JGRXXQ/edit?usp=sharing
I want to start real-estate...
Can you help me?
Do you think blackrock purchases are what are currently skewing the market?
@@outlawstche does not believe that
Graham gonna be honest trying your coffee for the first time and shipping is awful. It's shipped on the 6th day after i ordered, and now on the 8th day it's not even close to me it's still on the other side of the country.
Actually, if we just get rid of Blackrock State St., Vanguard, Morgan Stanley, then all problems would cease to exist
Apparently my first post was already banned..
E-commerce tokens are booming. AMZ650K will go 50x after the launch.
I remember when we were told inflation increase was transitory.
“What’s up Graham, it’s guys here” had me laughing me way harder than I should have
You’re final analysis was spot on! Please do a video on the Las Vegas market specifically, you said you’re watching it closely.
My house is up 80% from when I bought but I would still prefer there was a crash. It would be way easier for me to upgrade to a larger family home by losing that gain in a crash than by cashing in on it and buying something at these prices.
Cash out now and rent until the crash ❤
@@CasualDubz That makes no sense. A simple search on google can so that renting is up across the country. If I were to sell and rent, I'd be out 50% of my cash out option at the end of a one year rental agreement. Renting a single family home is around 2,400 to 2,600 a month. While buying that same home is around 1,800 to 2,000 a month.
Thank you for this video. It's really a waiting game at this point. I'm 25, living at home, and have increased my income by 50% in the last two months. I'm just saving up until I'm ready to buy something and it makes sense for me.
same boat youre in. got a good amount saved and just waiting for when the time is right i guess. but Kinda wanna buy a newer to me car. i can afford but there would go a good amount saved up.
Good for both of you for waiting for the right time. No need to throw your money down the drain.
@@lagrange3859 RIGHT?? The struggle is real. I'm feeling like my old car is gonna crap out on my any day now, knock on wood it won't. But I'm hesitant to buy a newer one, although it would help my life in some ways!
@@MK-bt4w Thanks I appreciate it 😊
I totally agree with you that the interest rate will stay higher than people think. Love your video. Thank you very much.
You are the best finance channel period. Thank you and great work
Moved to Vegas over the summer and I was thinking it be crazy if I just ran into Graham and what do you know I walk in this morning and there you are. It was cool to actually meet you, keep up the work!
Housing prices are unlikely to significantly decrease until there's a substantial increase in housing supply. In the USA , there's a shortage of millions of housing units, and construction isn't keeping pace. The constant demand for housing, coupled with population growth, means that even a slight price drop attracts numerous buyers who quickly absorb the available supply. I'm considering purchasing affordable houses in 2024 and possibly venturing into stock investments. When is the best time to enter the stock market? Some people say it is profitable , but others say it's risky. Any advice?
Consider investing in stocks especially during a recession . While recessions can be tough, they can also offer good chances to buy low and sell high in the markets if you're cautious. Just remember, this is not financial advice, but it's a good time to think about buying stocks since having cash on hand isn't always the best option.
You're right! With the help of an experienced coach, I made some changes in my investments. I started with $321k, and now I have more than $750k by investing in stocks, ETFs, and bonds. I think housing prices won't go down much until there are more houses available.
Mind if I ask you to recommend this particular coach you using their service?
I agree with the interest rates staying higher for longer. Housing pricing coming back down? Only if we have a glut of new home developments!
As someone who has been marginally involved in the real estate market for a long time, from the 70's moving forward, I think this period going into the next few years is the hardest to predict I have ever seen. For instance, in 2006-2008 I knew (felt) buying opportunities in the west (where I live) would improve. What I didn't predict with any accuracy is how long it would take, and finally took advantage of this in 2011-2012. And today have a few very attractive mortgages. Finally, don't forget, next year is an election year and the ones in power will do whatever they can to stay in power. As Graham said, anyone telling you they know what is going to happen next year is just guessing.
unless it’s a politician
World class analytical statement , thank you sir , from a grown ass man in his mid 20’s , wish I had older gentlemen like yourself in my life , blessings
Correctomundo
The only solution I would like to see home prices falling by 38%, but I'm not sure if I would like the reason for it to fall that much. If rates started dropping quickly, the influx of people able to buy homes would cause a massive rise home prices. That would be terrible. People control the average home sales price, but the Fed controls the rate.
yes but more people would sell too. a lot of people want out of their houses and can't afford to keep their current one AND purchase a new one.
You said in '08 a lot of those ppl faced foreclosure due to not being able to make payments. All it will take is a severe downturn in the job market (which I believe we'll see over the next two years) for ppl to begin to struggle to make their payment's. It's already started with more Americans having to use credit cards to pay for things. Car repossessions jumped up significantly over the last month as well.
I agree this is the biggest risk, but what would cause a downturn in the job market more than covid did (when house prices shot up)?
Agreed. With household incomes being outpaced, this is inevitable. You can stretch and stretch and stretch a dollar and borrow on credit for as long as you like but eventually you’ll have to break. There is a ceiling to single family home prices and that will forever be pegged to single family income… even if they use 70% of their income on a mortgage, there is a point in everyone’s budget where you default 🤷🏽♂️ I think the avg American family can put 60% towards housing if they try their absolute hardest! But when you factor in all the other debts people hold, kids, accidents happening, home repairs, and simply bad budgeting practices, even 60% is pushing it. So you can really work it backwards and see what the avg household can consistently put towards housing to figure out how expensive a 30yr mortgage can consistently be at the given interest rate. Idk when these resilient home buyers are going to cut their losses, leave the casino, and sell out of the house lol but it’s gonna be ugly. Homes simply can’t infinity appreciate and outpace incomes. Even Blackrock won’t buy them if people can’t afford the rent.
In short, there is a finite amount people can put towards housing no matter how bad they want to buy or rent.
@@DanielMustang47 People didn't lose their jobs like crazy or were furloughed by their companies because of covid stimulus money. During Covid housing prices shot of up b/c capital was so cheap with the Fed lowering rates to zero or near zero. Covid PPP loans allowed business to not have to lay off as many employees. A lot of investment firms as well as individuals used covid stimulus money to begin to buy property. Theres trillions of dollars worth of corporate debt due to mature over the next 2-3 years. Many businesses will fold and that will start the snowball from the job market to the housing market imo.
The rise in car repossessions is not necessarily indicative of the current state of the job market.
The car market got crazy during COVID and dealerships were charging massive "market-" or "dealership-adjustments". Now that the supply chain has eased and dealership inventory is bursting at the seams, car prices have dropped like crazy. So those who are financing a car that they secured during the peak are now thousands of dollars under water. Rather than continuing to pay on a loan for thousands more than the car is worth, they are opting to discontinue payments altogether.
The US economy added 199,000 jobs in November, an uptick from the previous month as striking auto workers and Hollywood actors came back to the workforce.
The unemployment rate was 3.7% down from 3.9% in October.
I have to agree with your assessment regarding rates and the market. Unlikely we'll have a significant downturn in the market all that soon. Maybe a small amount next year, more in 2025 and 2026. Until then, housing will still be tight. So if you're looking to sell for top dollar, now is the time to do so. Then, rent for a couple of years and find your next home.
Multifamily properties are very tight and hard to cashflow. Making it more difficult is the cost of labor and even more so, insurance. The industry is out of control and if landlords aren't able to find cashflowing properties, rents will be higher and less improvements will be done until this market has some form of correction.
I offered $300k for a $525k listing that’s been on and off market since August. They bought it in 2022 and thought it’d be an easy flip 😂
They ignored you cus that’s a disrespectful offer
The house's pricing can't drop that much because of the cost of materials an inflation. It's going to maybe go a little bit an then climb back up.
No forced sellers. No crash.
Agreed.
unemployment rate is about to takeoff with the stock market
You forgot a keyword "yet".
Keep it up. Thank you for your insight.
I think a big factor that's you're missing is the fact that even though inflation is increasing that doesn't equal people making more money. When talking about affordability the comparison is between how much people make and the home price that's it. The whole 1st half has nothing to do with affordability as it only applies to people with a home already.
hes referring to the interest rates, this directly effects the cost of your mortgage. The price of the house isn't as important as the interest rates.
@@d1l9o87 also he was referring to both within the video. When he talks about the price of a house going up but not making money. it's because the price of the house didn't go up faster than inflation
I have been a long time supporter and follower of your channel and I agree with you that the interest rates will continue to stay high for a longer timeframe
In my area I see people struggling to even find rentals. Rental properties are all booked up and no investors are willing to buy into these high prices because there would just be no room for profit. but I have noticed supply increase along with a fairly decent drop in prices.
What approximate area are you?
@@arh1234 South Louisiana
@@beastman997 doesn't your first comment's last sentence contradict everything before it?
@@airplayrule as in prices have reached a point where they are starting to come down. That does not mean they have move enough to really make a difference
It’s so difficult to put any stock in what the national association of realtors says. Every realtor I know confidently perpetuates the assumption rates will come down and buyers can refi. I don’t think we’d see anywhere close to the level of closings we see today without this presumption. The NAR is gonna look out for the people who pay them - realtors - and they’ll continue to perpetuate the idea that rates will come down predictably and in the near future. Personally, I find it pathetic that realtors speak about rates with such confidence. It’s beyond unethical and they should be held to account, but that won’t happen anytime soon
😂😂😂😂😂😂
I lived through the Great Financial Crisis of 2008-12 and realtors were assuring everyone just weeks before the RE crash became blindingly obvious that everything was GREAT and NOW WAS THE BEST TIME TO BUY. They always say that!
Also agree w you on largest deductions on homes that are not properly advertised/ marketed I sell RE in two very different markets and this is consistent
Perhaps "the housing market" is too broad of a term when it comes to what will happen in the housing market. As Graham points out in the video, Las Vegas saw a decrease in housing prices while San Diego saw an increase over the same time period. Perhaps the housing market needs to be examined zip code by zip code, or county by county, and so forth.
In Tucson, AZ we are seeing prices drop $20-75k for people to sell their homes this month depending on how “optimistic” the sellers were when placing their home on the market.
The home price in Tucson, AZ is absorb considering how much people are getting paid. I wonder what’s the driver of the high price in the area. I just think it’s overpriced. Correct me if I’m wrong.
in Orange County, we're seeing 50-100k drops.
@@Aapacifier It's certainly overpriced. One few factors are a lot of people relocate or buy second homes here. Pay was lower than other areas but that has changed fast. Minimum wage went from $8.05 in 2017 and has risen every year with the approval of prop 206 to be $15/hr by 2025.
@@magicmike1122,as a housing analyst in OC, that simply is not true. The only reductions are from sellers pricing way higher than recent sales.
@@d.bray1here in phx it took 45k off to get mine under contract for 450k. So you’re right here
Very valuable information, thanks Graham
Meanwhile the CEO of Walmart, the largest company by revenue in the USA, says he's worried about deflation...
Deflation could damage us just as bad. The effects would be different than inflation obviously, but both inflation and deflation can be equally damaging to an economy. It’s a very tricky balance. Would be much easier if it wasn’t in the equation at all and the supply was just at a fixed inflationary rate outside of our control and we had to adjust everything else based off of that expectation.
@@mikasd9tbh I prefer deflation over anything else. It's bad for businesses but seemingly better for the average person. At least in theory I think
Thanks man, I enjoy watching your videos. I am a buyer waiting and seeing where prices/rates are going so it’s fun & helpful to watch the latest news and data you share on your channel about the housing market. Take care!
If and when interest rates go down. You will see a boom in home sales and values jump
Looking to help folk take advantage of the value in places like Lexington KY!
Mark Twain said, “Kentucky will always be 40yrs behind”
True, if housing lived in a bubble. Why would the fed lower rates? Everytime it's prior to a recession, force sales can kill the housing market.
“What’s up Graham, guys here”. 😂😂😂 opening line made me rewind a few times. 🙃Haha!
In all seriousness, love your content Graham! Keep bringing the goods!!!🔥🔥🔥
Been doing that for years now, it's annoying and immature at this point
This is good news for my situation thank you
I’m seeing 20k-40k drops in Houston suburbs for some homes.
Thank you for your very informative show! I’m researching reverse mortgages for my aunt in 2024. After watching your podcast, I’m now thinking not a good idea this year. Your thought are appreciated. Thanks!
Due to numerous individuals overpaying for homes amid low loan rates, I anticipate an impending housing crisis as these people grapple with debt. If housing prices persist in declining and, for various reasons, they can't sustain ownership, leading to foreclosures, they'll lack equity, making it challenging to recoup costs through selling. This vulnerability is exacerbated by potential mass layoffs and a swift surge in living expenses, intensifying the risk for many.
I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!
You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.
My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor.
It was run by ‘’Mayra Femia Hetrick’’ , who i learned about and got in touch with thanks to a CNBC interview. Since then, it has served as the point of entry and departure for the games we have emphasized. A search on the internet can be done if tracking is necessary.
I just copied and pasted Maya’s whole name into my browser, and her website appeared right away. You've saved me several hours of arduous research, therefore I appreciate it.
Wow I just realized how many subscribers you have!! 😮 I’ve been subscribed for a long time
I was thinking that catalyst for the whole system to have a correction is the commercial real estate refinance problem. If the Interst rate stay higher for longer, more CRE properties will fold on their morgage and this could lead to a credit crunch, which leads to business stopping, people getting fired, morgages cant be paid and then we have Housing crash pandamonium. I am not sure how realistic all of this is, but as far as i heard there is a 5500 billion refinance wave coming at us. I look forward to the next video Stephan!
Let’s see the refinance data… 😢
Would like to see that vid on the better deals in the Las Vegas area as I’m about to buy my first home. Decent inventory out there in my price range but finding a good deal is enticing.
I think higher for longer. A 5% mortgage seems like normalization to me.
Of course, I had a 15% mortgage in 1982. Refinanced again and again to get out of it.
Hes so happy about the Recession coming in, like hes super excited to be witnessing it.
He is... a lot of opportunity for him to buy real estate
If rates go down the price just goes up.
Money should be worth something. This inflation needs to be taken in hand. All through the 70s, 80s, and 90s and up through early 2000 .... 7.5 -8% was considered completely normal. They want it down because they allowed banks to have zero reserve and also vulture capitalists borrowed our free money to buy residential property. If it works out or not ... They'll get their bonuses and let us bail them out. Gov also hiping inflation will bail out our national debt. Who are we running this for anyway? Interests rates should go up not down and housing prices will follow right along. They'll go down if interest rates go up... If they reduce them again... Watch the prices soar again. So some tiny percent of people/corporations - oh i keep forgetting they're the same - while the rest of our 401k money is worthless. And our middle class disappears.
If and when interest rates go down. You will see a boom in home sales and values jump
😂 i laugh at your intro everytime. I would love to know how that accured 😂
It’s all done for fun!
Whats up guys its graham intro is back!!! I wait for this every video and it makes me happy to hear it 😂
you have been right about interest rates so far 😀
The article quoted “the real rate to be 0.4%” that’s not the same as “near 0%” interest rates.
I haven’t found any good videos that tell you what happens when your home is worth less that what you paid. Do the banks require more money?
I live in a suburb of a large city in the SE. We bought our first home in 2022 right as interest rates were going up. I believe there is still a lot of pent up demand in the housing market. If you recall houses were getting 10+ offers during this time period. The majority of these people were not able to afford a house and were then priced out of the market once interest rates rose. If you couple that with the record low housing inventory I believe you’re going to more buyers than sellers as they begin to drop interest rates meaning a competitive housing market which will cause prices to rise. I believe these “experts” are forgetting a giant segment of the economy who want to buy a house, but are waiting it out.
Agreed. If people are saying the demand for housing is low it's because there's a sizable portion of the population who simply can't participate to begin with. Many millenials and even gen Zers now would love to buy even their first home, but there's just nothing out there for them.
Part of a very important coin been talked about in the BCL
Graham, I really think you missed your calling as a background actor on, Selling Sunset.
Here in Nashville prices came down this month
I have no issues finding deals, Graham. Maybe I just know where to look. 🤷♂️
The US economy added 199,000 jobs in November, an uptick from the previous month as striking auto workers and Hollywood actors came back to the workforce.
The unemployment rate was 3.7% down from 3.9% in October.
I’m seeing price cuts at a record high where I live in SoCal right now
Personally I see the sunk coast fallacy happening. Investors and business interest would rather not sell then to take a loss. Many homes are off the market because investors have other people money to hold on to while they wait for the market to get back profitable. However, the mass amount of people who want a home and need one cannot wait for the greed of these investors to subside. Investors know that and are playing a game of Chicken with those who need a place to live
So as someone that had to move back home due to the rent skyrocketing in higher populated areas (looking at you Philly), do you think this next year may be a good bet on rent prices dropping as an incentive to rent?
Housing not crashing where I live. It keeps going up and up and up. Areas where builders construct new construction box trash with marginal buyers to qualify those are the areas that get pounded with values because most of the buyers are either investors or first time home buyers. Inexperience with both types can cause them to buy inferior product with location and overpay for it. That causes those markets to fluctuate in price based on sentiment and thought versus actual market dynamics. With the mass it's what they (perceive to believe) than actual reality in the moment.
I wonder how many parents out there have adult children still living at home, and how that is affecting housing supply/pricing.
Big change in our individualistic culture happening as more Americans are willing to live with family.
How do you feel about the impending water crisis for Phoenix, Las Vegas, etc? Will property values take a dump once water inevitably becomes more scarce?
Great video as always
Is that a plated desk? Looks good!
My banks calls me every month to tell me "now is the best time to buy"
But the best they can do gets me stuck repaying 1.9m for a $650k home.
I make 120k a year yet I'm a failure.
Variable rate is good but will leave me dry if god forbid I change jobs over 30 years.
Haha they've been sending me those kinds of emails weekly for the last decade
fixed rate only. don't fall for that crap
Graham, would be very interested if you made a video regarding properties that don’t advertise properly. 12:01
Homes are not going down in Houston. To many people moving to TX and I just don’t see that stopping due to taxes in many states
Thanks for the info. I am also a real estate professional
How do you figure that accounting for inflation makes sense? The increasing home values is a huge driver of the inflation to begin with.
Even if rates go down, over 70% of homeowners are 4.25% or lower and don't want to sell.
Lucky boomers. They’ll be in diapers soon
@@Whomadegod soon ?? With medical and technology we have that might be another 10 to 20 years 😂
@@r.r4981 I wrote you a long reply regarding the truth of the medical industry and the future of old people (there is none). Needless to say CZcams removed it and that says more than I ever did 😂
Anyone else notice he starts video with "whats up graham, its guys here" lmao
Nope, you’re the first one
I did. xD
Yes G.. But what about the reverse, reverse, reverse housing recession growth decline easing shift.
The SPCL will want to speak to you. (The Society for the Prevention of Cruelty to Language).
Clever Bankroll Coffee product placement.
Is your desk a plane wing? If so, can we see a wide shot of it?
Everyone’s base case should be, unprecedented events lead to this market, something unprecedented will be the result. We will either see a crash like we will have never seen, or we will see housing rip higher than ever due to failed monetary policy.
Graham,
I know I am late to the party. Great video! What is your take on "longer than 30 year conventional mortgages becoming the norm"? I have heard speculation that 40 or even 50 year conventional loans becoming a thing. I just wanted your take on this idea.
Thank you.
Bruh, when you said, "....the housing market can't get much worse.".......I almost punched my iMac so thanks for quickly clarifying... ;-)
than you sir, u da man!!!
What about vacation rental properties? Is it a good time to buy?
I just don't understand where the money keeps coming from.
Noticed the coffee references. 😊
Like the sweater in this video bro
My prediction is in line with yours…
It’s going to be a slow process. Prices and interest rates will remain higher for longer than most others are hoping for. They will fall but slower than we’d all like. Probably the healthiest thing for the economy to get us out of this ping pong game of high and low and bring some normalcy back!
I think we need to see some more salt water fish!!
Whatever the price is now, if the interest rates drop, it will go up as it always has. Many people buy based not on price, but on monthly payment, so the equivalent price as interest rates drop is higher.
If this is true, then you have two choices: buy when the price is low and interest rates are high (like now), or buy when the price is high but interest rates are low (your strategy of waiting).
The advantage of buying now: You can refinance when the rates drop. It's actually better to buy during the high interest rate period because you can refinance when the rates drop. When you pay the high price with low rates, you are locked into that situation for the long haul.
But aren't we in a high price high inflation situation right now?
@@miguelcarmona9645 A house is a "real" thing vs money that is an abstract concept. The house exists and does not change.
When the government spends money like crazy and drives up inflation, the value of the money drops vs the house. This makes the house appear to go up in price (but in reality the value of the money went down).
So, if high inflation continues (the dollar devalues more), it will make the the real estate continue to "go up in price".
If interest rates drop, people will bid the housing price up (because they buy based on monthly price).
So in both of these scenarios, the housing price in the future will be higher, so we are currently at a "low price".
What scenario can you paint that makes housing prices drop, meaning that we are currently at a high price? Something like deflation? Massive job losses (demand fallout)? Possible but unlikely in the next few years in most markets (real estate is a somewhat local market, so I can't say for where you live).
It’s always better to buy a property with a high interest rate and a lower purchase price the purchase price can never be changed but the interest rate can always be refinance out over and over again so I would pick the one that’s changeable
That ad transition tho 😂 6:28
I agree. I also don't think prices will go down much in most areas though. I think the less desirable areas will fluctuate more though. I really have no idea how my son will be able to afford a home in 20 to 30 years from now.
I hate that renting is cheaper than buying. Hopefully it normalizes soon. Idk if it’s worth the risk right now.
What's Graham it's guys up !
"What's up Graham? It's guys here." Way to start the video. 🤣
Oh, a 52% chance of a 0.25% rate reduction next year; practically salivating! lol.
Your intro! What's up Graham, it's guys here. Did you meN what's up guys, it's Graham here? 😃
Take a look at Las Cruces NM and El Paso TX. Incredible deals.
The DEX currently has a major bug.
If you trade, you receive x 7. I made a video on it.
You HAVE to start discussing misreported credit scores on loan applications due to covid relief programs. People were getting into homes with faulty credit and little to no proof of income.
Show us any examples of that insane claim lol. Lenders are going forensic on loan info.
But keep spreading fud.
This a good time to buy a house, home price has dropped some with the interest rate you can refinance and you can ask seller for closing, repairs etc.rate will drop some mid next year and house prices will soar again
Thanks Graham
I hate paying youtube to not see ads and the a 3 minute ad is worked into the video.
I wonder if its still good idea to buy land for commercial use? Im a car dealer and found good location to expand. Graham, maybe You could advice?
Are you predictions also applicable in Europe?
We all have to push for deflation if we want buying opportunities for new investors
Deflation is political suicide. Never going to happen.