Just wait until the rental market crashes as well with all the deportations. Landlords will be getting foreclosed left and right if they don’t have deep pockets.. as well as developers and flippers sitting on a bunch of stuff.
Sigh. Not this again. The fed is in a pretty tough spot, but their only tool is rate cuts, so.. I expect them to lower them. Will be too little, too late, I fear.
We are entering a recession which will be much larger than many suspect. Personal debt, corporate debt, and state and federal debt are at all time highs. A small pin prick will cause huge problems w many defaults. Trump is ill equipped to handle the mess he started. Buckle up, it’s going to e very very rough.
Lots of people probably realize that most houses are literally nothing special, no amenities in the neighborhood, not near work or anything interesting. They are completely interchangeable with every other meh house. Not worth much.
I think people got caught up in the frenzy and were sold a load of fantasies by MSM and realtors. The reality of overpaying for a home is far from the dream of owning a home or a wealth building tool. Houses cost a lot of money eating up a large portion of any gain, and that is not even accounting for the interest. On top of that, you need to be very sure you want to live in that location for 10 years++ and if you are married that your marriage and both your jobs are also rock solid for at least 10 years. Big ask these days.
Yes. You should come visit the Georgetown, Hutto, and Round Rock so many empty new build houses.
Avillavistar ranch Still well Avery centre, and The Oaks on Chisholm Trail. These are all homes. However they are rentals only. Look it up. Yes Austin is shedding jobs. Since 2024. Indeed 1100 Tesla 1800 Bumble 300 Dell 13,000 and many more. Student debt is coming online. Car loans are upside down. So much more is coming. Not to mention Texas high property taxes. They need a state tax to offset the property taxes. Too many bonds for schools and law enforcement agencies. Many of these buildings ( schools and agencies are not really needed. More taxes. Texas needs a higher state or sales tax rate to offset property taxes.
My main concern is how we will navigate the ongoing financial and political crises, especially the power struggle in the United States. The government has created significant challenges for its citizens, and we can not passively accept the consequences of poor governance.
I'm favoured only God knows how much I praise Him🎉👏, $230k every 4weeks! | now have a big mansion and can now afford anything and also support God's work and the church.
This guy is a total grifter. He should be ashamed. Hes been saying for 3 years that the market is crashing? Thats evidence hes just saying what desperate people want to hear for money. Things very definitely arent "worse than in 2008". The market will eventually go down, because markets fluctuate. But he doesnt know what the hell he is talking about.
Yall call this overpriced? I live in California and for a house half the size of houses in Texas are double the price! 4 bedroom 4 bathrooms for 250k is a dream for me rn. You look for something like that here in California it’s at least 450k-500k MINIMUM!
Just wait until the rental market crashes as well with all the deportations. Landlords will be getting foreclosed left and right if they don’t have deep pockets.. as well as developers and flippers sitting on a bunch of stuff.
Sigh. Not this again.
The fed is in a pretty tough spot, but their only tool is rate cuts, so.. I expect them to lower them.
Will be too little, too late, I fear.
We are entering a recession which will be much larger than many suspect. Personal debt, corporate debt, and state and federal debt are at all time highs. A small pin prick will cause huge problems w many defaults. Trump is ill equipped to handle the mess he started. Buckle up, it’s going to e very very rough.
Idiots, what they are saying is WHEN the economy crashes housing will crash. Sell now buy back then.
Who pays an 8% commission? Good Lord that's ridiculous. Maybe all in costs, but you said commission.
Hell yeah, finally, I can afford a home!
8% commission to purchase a home? Thanks for putting that BS at the very beginning so I knew to skip the rest of the video.
I believe the housing collapse will com out from Texas n Florida..
Doom, crash, bubble… stats don't support it.
Dare to read the true house mortgage numbers ? don't, if you are weak-hearted…
To afford $1 million mortgage (home), Required Gross Monthly Income (at 28% DTI) ~$56,429 ~$46,786
Category Scenario 1: No Down Payment Scenario 2: 20% Down Payment
Home Price $2,000,000 $2,000,000
Down Payment $0 $400,000 (20%)
Loan Amount $2,000,000 $1,600,000
Monthly Principal & Interest ~$13,307 ~$10,646
Monthly Taxes & Insurance ~$2,500 ~$2,500
Total Monthly Payment (PITI) ~$15,800 ~$13,100
Annual Housing Cost (PITI) ~$189,600 ~$157,200
Required Gross Monthly Income (at 28% DTI) ~$56,429 ~$46,786
Required Gross Annual Income ~$677,148 ~$561,432
Total Interest Over 30 Years ~$2.3 million ~$1.84 million
Total Repayment (P+I) ~$4.3 million ~$3.44 million
Total Gross Income Needed Over 30 Years ~$20.3 million ~$16.8 million
Job Stability Requirement Must maintain high income for 30 years Must maintain high income for 30 years
Thank you for the information. . I think prices will continue to drop I went to look at new builds and the prices are ridiculous.
5% down doesnt even get you near a correction. Once its down 20% your in correction. Once it gets to 50-60% your at market crash/reset.
I am seeing a good number of houses just sit on the market with price cuts stalled, should be an interesting summer.
Lots of people probably realize that most houses are literally nothing special, no amenities in the neighborhood, not near work or anything interesting. They are completely interchangeable with every other meh house. Not worth much.
I am still not seeing many reasonable prices in the market I am watching.
I think people got caught up in the frenzy and were sold a load of fantasies by MSM and realtors. The reality of overpaying for a home is far from the dream of owning a home or a wealth building tool. Houses cost a lot of money eating up a large portion of any gain, and that is not even accounting for the interest. On top of that, you need to be very sure you want to live in that location for 10 years++ and if you are married that your marriage and both your jobs are also rock solid for at least 10 years. Big ask these days.
nice
Yes. You should come visit the Georgetown, Hutto, and Round Rock so many empty new build houses.
Avillavistar ranch Still well Avery centre, and The Oaks on Chisholm Trail. These are all homes.
However they are rentals only. Look it up. Yes Austin is shedding jobs.
Since 2024. Indeed 1100
Tesla 1800 Bumble 300 Dell 13,000 and many more.
Student debt is coming online.
Car loans are upside down. So much more is coming.
Not to mention Texas high property taxes. They need a state tax to offset the property taxes. Too many bonds for schools and law enforcement agencies. Many of these buildings ( schools and agencies are not really needed. More taxes. Texas needs a higher state or sales tax rate to offset property taxes.
bonkers.
Warren Buffett is on here to influence the market!
My main concern is how we will navigate the ongoing financial and political crises, especially the power struggle in the United States. The government has created significant challenges for its citizens, and we can not passively accept the consequences of poor governance.
8% !!!
What country is this??
I'm favoured only God knows how much I praise Him🎉👏, $230k every 4weeks! | now have a big mansion and can now afford anything and also support God's work and the church.
This guy is a total grifter. He should be ashamed. Hes been saying for 3 years that the market is crashing? Thats evidence hes just saying what desperate people want to hear for money. Things very definitely arent "worse than in 2008". The market will eventually go down, because markets fluctuate. But he doesnt know what the hell he is talking about.
Not a dire warning. The only thing that matters is home affordability. The rest he was yapping about is white noise.
Once you own a house it does not matter if all houses go up and down as long as the go up and down relative to yours
You know how I trust this video, he’s wearing a Goonies t-shirt.
Houses are overpriced anyway need to come back to reality on prices.
Yall call this overpriced? I live in California and for a house half the size of houses in Texas are double the price! 4 bedroom 4 bathrooms for 250k is a dream for me rn. You look for something like that here in California it’s at least 450k-500k MINIMUM!
Youtube influencers are always like: “the mainstream media won’t talk about this!”
Then proceed to show a clip from 60 minutes
How about Los Angeles area and California market
I owe 194k 15 yr mortgage 3.85%.