When The Housing Crash Will Happen
Here's an update of the 2024 Housing Market, what experts believe will happen in terms of price / values over the next few years, and what you can do to potentially save money - Enjoy! Add me on Instagram: GPStephan | PROMOTIONAL OFFER: Get Free Fractional Stocks when you sign up and make a deposit using my paid affiliate link for WeBull: a.webull.com/i/GrahamStephan
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Why The 2024 Housing Market Is So Expensive:
-A Shortage of Homes For Sale.
Goldman Sachs reported that 99% of homeowners have an interest rate below what’s currently being offered on the market (85% of those rates are well below 5%.and 63% are between 2.5% to 4%.) To put that into perspective, if a homeowner currently has a 3% mortgage - prices would have to drop by 36% for that identical home to have the same monthly payment as today’s current rates of 7%.
-Home Values Hit A Low About A Year Ago.
Home growth almost slowed to a complete standstill at the end of 2022 over the fear of higher rates which is also, in part, why we saw such a dramatic increase over that following year.
-Homes Are Being Built - but not fast enough.
New constructions now make up one-third of the total market inventory, compared to just 13% in the years from 2000 to 2019.
Warren Buffett Sells His Housing Market Stock:
In August of 2023, Warren Buffett announced that he made a substantial investment in three Major US Homebuilders: DR Horton, Lennar, and NVR (Worth ~$800 Million). Since his purchase, DR Horton increased by 35%, Lennar is up by 30%, and NVR is up 20% - all in just 7 months. This means Warren Buffet was able to cash out about $250 million in profit from one investment in less than a year. In terms of why he cashed out, some people argue that homebuilder stocks have rallied WAY faster than expected, so it makes sense that he’s locking in his profits - but other people think that he’s now bearish on the housing market, and that’s a red flag for the future.
Bear Case For Home Prices:
AWealthOfCommonSenseBlog: awealthofcommonsense.com/2024...
As Ben Carlson points out - if there’s a recession, people are already locked-in to low-rate mortgages, so they’d be unlikely to sell. On top of that, 40% of homeowners don’t even have a mortgage, which means there probably wouldn’t be a bunch of panicked sellers listing their homes at the exact same time.
I think one of the best analyses was posted back in 2023 by Mark Woodworth, who noted that - for housing to fall - there either must be a reduction in demand or a surplus of inventory. In that case, demand would need to fall by 50% for housing to be in-line with historic averages, although he says this is unlikely, given how “transaction volume hasn’t fallen below 2M since the early 1980s.”
The 2024 and 2025 Housing Market Analysis:
Morgan Stanley says their “Bull Case” is that housing prices rise another 5%, saying that "With so many housing statistics at levels we have rarely seen over the past several decades, it isn't hard to envision housing activity and home prices evolving differently from what we have laid out above.” Which, for anyone wondering, is that that they “expect the U.S. economy to avoid a recession next year and the housing market to pick up as incomes rise and mortgage rates continue to fall slightly.”
However, in a more “realistic” forecast, they’re a bit more pessimistic with the belief that overall prices will fall 3% by the end of 2024. In their words, “We expect home prices to fall modestly as housing activity picks up versus 2023, with new home sales outpacing existing sales, but think the strong fundamentals of existing homeowners will prevent sizable corrections.”
In the worst case SCENARIO, they think housing could fall by as much as 8% if everything goes absolutely wrong: “mortgage rates would need to remain elevated, the economy slips into a recession, and demand for housing continues to soften”
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-For more information / detail than I can include in a video, check out my newsletter: grahamstephan.com/newsletter -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/12ljWbIXKbA_448iokdMmNI7qhzeWdP0j3AYxFB-MIuw/edit?usp=sharing
Do you think post housing market crash would be a good time to become a real estate agent? Due to injuries my current career isn't viable long-term, and people keep annoying my to get into real estate.
Thx so much mr.Graham
Hey Graham 👋🏻, I was wondering, I live in Indonesia and I have two daughters I would like to start a trading account with on online trading site with a bot trader. I was wondering if you could suggest a stable trading site that we could invest in.
What if my friend lost his job, my neighbors lost theirs …lol???
Nobody can beat PenFed rates!
Spoiler alert: no housing crash, just saved you a whole video. See you in the next one 😊
how many times have you predict the house market crashing?
Clickbait?????
Thank you 🙏
He’s running out of topics to discuss
@@moneymanfernando1594Did you expect otherwise?
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@madidi_26 That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@@Wilhelmina-Luisa My advisor is Victoria Carmen Santaella;
You can look her up online
@@madidi_26 The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
Three years of clickbait and still going strong.
exactly he said the same in 2020, 2021, 2022, 2023 and now 2024. he makes money tough misleading others
Who's here from ClearValueTax channel?
Here to echo the feminine little boy with Napoleon complex diss!!!! 😂❤
lol me!
Me!
Meeee wanted to see napoleon himself
I need Epic Rap Battles of History to get on this
Watch Clear Value Tax instead. Thanks.
Still waiting for the day the Video Caption reads, "Housing Crash finally happens"...🤣🤣
Probably not going to. Just saying.
You’ll never see it
That would be bad for everyone
@@javierrubio2481 Negative 👎! What part don't you understand? Something that went up 100% must go down by at least that amount. Consumers simply can't reasonably afford anything essential. 😳
You sound like the experts from 2007…
There was no housing shortage before COVID. All this appreciation didn't happen organically. Everyone keeps saying interest rates are too high, they're not ,home prices are too high.
Both are. We at like a 25 yr high or something for interest rates. And high for actual house prices too
@smartguy4149 fair but think about the Boomers. Their mortgages had interest rates equivalent to today's predatory credit cards. The difference is when adjusted for inflation the houses were 6x less expensive. Houses have only gotten less expensive to build, but are built bigger as a whole. So what's the deal, why are houses so expensive? I'd argue low interest rates led to poor buyer discretion, combined with record numbers of people moving from high income areas, to lower income areas
@@kristopherdickson6606this is true my dad bought a house in like the mid 80’s that interest rate was way worse
This is such a silly comment. House prices are dictated by supply and demand. House prices are high because the demand is high.
Interest rates are below historical Norms. Home prices always go up over the long term. Your income is too low that's the problem
This guy has been claiming a crash since I bought my house in 2021
If you are hiding AWM79K even though you are confirmed to be a bagholder of it then what is all of this worth for? Keep it real pls
Stop it
If AWM79K has the growth as it has atm then no doubts it will dominate the industry
937 bots on the wall.... scammer
what drives a housing collapse is people *needing* to sell not "wanting" to sell. if someone loses their job and needs cash to pay bills, they may get to a point where they'll sell their house and rent or live with family, etc. they're not going to be sitting there thinking about what it would cost to buy another house, or how the new interest rate would compare to their current interest rate. it's mind-boggling that all of these youtubers and analysts fail to realize that simple fact.
Completely agree. In the event of a recession, we aren't going to see prices go up because "people won't want to sell". We will see unemployment go up which will flood foreclosures into the market. Everyone will be too scared to buy and all the sellers will have FOMO they will miss out on profits if they take too long to sell. The biggest foreclosures are going to happen to people who recently bought and will have negative home equity. Assuming there is a recession of course....
@@Jerrydiehard and that's not to mention the owners of short-term rentals or second houses all of which won't need to buy another home to replace the one they sell.
Great points all. Totally agree. Probably inflation triggers something in the coming years. It’s getting expensive out here
Why in the world would anyone sell? Most homeowners didn't buy in the past 2-3 years so they likely have massive amounts of equity and a relatively low mortgage payment. They should just rent their place out and make a nice profit. If they do choose to sell and prices start to fall, there is a massive amount of cash sitting on the sidelines ready to scoop them up. It's true... We might see a significant correction in housing prices but I wouldn't hold my breath.
They prob know but that doesn’t get views
AWM79K has the right setup for 100x within this or next year and it is based on strong ideas not randomness as it would be with any other project
Bot
Swapping my ETH and swapping to AWM79K. Already up as expected. I wish I left on all the junk way earlier to step deep into this ride, they rock!
All of them are fine picks. But they can't match the vision and purpose of Amazons AWM79K at any point, big difference.
Are these bots ?
@@neonspace3857Yup lol scamcoin bots.
@@neonspace3857…yes
Sus as hell lol
@@TheSagaBeginsNow You know what’s sus? My comment was deleted commenting on the bots lol…
Truth is most of all that we would not even have this current climb if it was not for AWM79K bringing the main change so that even casuals are super interested now. A brand name like that one behind this asset is just the best we could have hoped for
Bot
Got in at AWM79K with $1 but I will keep it until it hits $50. Still low with that number as the market cap is not close to where it should be
Where do you get it?
Bot
Thanks for the update, what are your thoughts on AWM79K?
R2-D2?
I heard C3PO is a far better investment. Aight, I g2g. Taking a nice three week vacation on Naboo.
We lack something in this space which has real value behind it, AWM79K is the first of its kind to deliver that
R2-D2?
Been collecting the AWM79K this cycle as that has the right place in this time
Where do you get it from?
R2-D2
@InsaneWEBER stop asking
lol
Bro forgot to mentiom it tho almost like he didnt want people to know 😂
All guys stacking AWM79K before next bull are smart apes for sure
Bot
It would be great if you had a deep dive on the AWM79K
Betting a bunch that AWM79K will outperform the rest this year. It has still the potential and growth and a better community. The video is still great though
AWM79K can go 50x after the full launch is happening mark my words
Where do you actually get it
@@InsaneWEBER this is a spam bot
WTF is this? And how the f* this spam comment got this much likes 🤷🏻♂️
Report it for spam
@@bahhaziz because its an bot that has 937+ accounts...look at all the ones mentioning the AWM, somehow they all got almost the exact same amount of likes
AWM79K picking up the pace at $1 entry and $2 already in hours? this is also no meme or one of those but actually real utility one
Where do you get it?
We don't care
Brian was right.
As someone who has worked on homes, ive seen a flip side to this. While demand is high and home builders ramp up new home starts, the quality of the homes seems to be decreasing. Prices are going up while quality is going down. I feel this impact is very hard to see but the lack of conscious consuming is very apparant and seems to be preyed upon by most industries. Isnt this something we should worry about? I feel like every video online is about how to make the most money and theres never anything about investing into quality people and products. But instead im hearing about 300k+ homes where people are falling through floors because everyone wants to cut costs to make money. Theres zero care about anything other than coming out ahead with whats in your wallet.
Clear Value Tax absolutely exposed you. lol
Housing will never be affordable again.
if they suport heterosexuality that why houses is expoensive , more population more price skyrocketing , apartment is a slavery cage ....only house with terein is freedom
Yes it will if United States 🇺🇸 entry on a war with any country that’s a drop of 60% at least cuz is considered a Risk of WW3 😅
Yes they will
@@profitmix441 when .....baning and rejecting advertising is the way to reject business capitalists and always complaining about the advertising which we dont like , each separated bodydont have to accept advertising , each separated body it can boycot advertising always and then we put them into trouble to a point they cant predict are behaviourto a point many business crash and that the way to go ...crash
@@profitmix441 the American dream is dead.
Looks like I’m staying at my parents house
Easy!
Me too.
@@Otsuka632Bot Good Idea.
Mom, MEATLOAF!! ...
Mom... MEATLOAF!!!
Housing prices can't keep rising endlessly, at some point something has to give, people need housing, and the entire supply is being artificially meddled with, something will inevitably happen, either someone / some company will find a way to dramatically increase supply, or China and America will have an economic meltdown.
It’s not being artificially meddled with - there isn’t enough housing stock since 2008 crash … ask any build about supply constraints since 2020 and the lack of qualified builders. Rent is also sky rocketing as PE buys out houses in key markets For prices to really come down requires a mass increase in residential stock
I'm getting deja-vu here. In 2005-2007 builders were building huge new tracts of houses in my area. They were built as fast as possible, often with substandard material. (google chinese drywall.) When the crash came many of those places could not be sold and stood empty for years. They became attractive to squatters (or worse) and / or were gutted by thieves stealing the copper pipes, electrical wiring, plumbing fixtures, etc. Eventually most of those had to be torn down.
Builders aren't doing that anymore. 08 basically told them to not build more than demand ever again and they've stuck to that. Thusly why there's less homes built now than before
Plus immigration is big, legal and illegal
It won't happen unless we have a ton. An absolute ton of inventory goes on the market. It'll only get more expensive
Yeah, we need double the inventory at this point.
Texas actually built enough housing and then some for all the migration.
@@fortant691invasion.
Nothing just goes up and up.
Lol. Home prices are tied to consumer income… stop believing MSM.
Did this video come out in 2020? Been hearing this for years and these KZheadrs calls are never held accountable
Housing market moves slow. But the best indicator is when the average Joe like yourself says it’ll never crash…
auto loans and credit card delinquencies are at record highs, higher then during the GFC. and auto and credit card debt is higher then during the GFC, also the government is more involved now keeping to slow down and prevent the foreclosure processes
you make one of these videos once a month every month and eventually youll get it right
He’s talking old points but he also holds a lot of real states so he’s not gonna go against it
thx for always keeping us informed Mr. Graham!
You got it!
@@GrahamStephanyour wrong about this just like FTX your ignorance knows no bounds
Price of homes isn't increasing. The value of the dollar is decreasing. There won't be a housing crash, houses will only go higher. Currency will crash.
No
@@unrealengine4958He is right
If it was just the housing market, I would say housing has gone up. But everything is 200% more expensive than in 2019. Currency has devalued, not land. Not to mention that with North Americas problem with illegal and legal immigration, demand for all types of homes is sky high and only increasing. Supply and demand.
@@ClaytonHTplease tell us what has gone up 200%?
@@ClaytonHTthings seem 200% more expensive but realistically it’s only like 25%, we all think it’s 200% because our discretionary income margin has decreased by 60% making the perceived purchasing power go down by 60% making a perceived price increase by 200%. Prices have gone up 25% but feels like 200% I agree
"Many people say that individuals stay put in their homes because of low interest rates, preventing them from selling. However, when these homeowners do sell, they typically need to purchase another property. This can create a balance in the housing market, as one sale is often offset by another purchase. However, if they don't intend to live in their cars, it doesn't add additional houses to the inventory."
Just more intrest and more principle.
The whole talk about "reverse" market crash (real estate and stock market) basically argues that we are nowhere near done with inflation and that we might actually experience "hyperinflation" in the near future combined with accelerating poverty levels across the nation or going thru a historical economic depression...those are the extreme conditions that have produced the reverse market crashes in most examples I've seen. I personally don't see anything that extreme coming, but who knows.
And that would be a terrible situation that no one should root for.
It will happen if we stop QT and lower interest rates. we have printed more money than inflation so there is room for things to continue inflating. we need to reduce the money supply and the only way to do that is deflation.
With rates climbing like never before in ’23 coupled with uncontrollable inflation, and our own mortgage at now 7.5% what are the best alternatives/strategies for avoiding a crunch and maximize my $600k savings other than moving in to an RV with my two kids and husband.
Consider reallocating from real estate to stocks. Severe recessions offer market buying opportunities with caution, as volatility can yield short-term trading prospects. Not financial advice but it may be wise to invest, as cash isn't ideal in this period. I simply adopted the service of an advisor early 2020 amid covid-outbreak, and so far, I've attained my most measurable financial milestone of over $900k after subsequent investments.
This is quite huge ! much more info needed please, what did you invest in?
Graham had a few questions!
Feminine little boy with Napoleon complex
Lots of great info and stats here. The big and intangible question is the psychological effect when momentum swings in either direction. For example, a big part of the price increase over the past few years was the fomo effect where people thought they would miss out bc prices just kept going up and up. Contrast this to the amount of time it took for people to drive prices higher after the 08 crash....prices just kept going lower for years because people were scared to death to catch a falling knife for years, even though interest rates were at the same historic lows they were just a few years ago as prices went higher. The point is that just bc prices or interest rates move, there is still a behavior/phycological behind the scenes that is impossible to predict.
House prices are coming down just a little, no crash. People are staying put in their houses because of the high interest rates and got their house at a low interest rate.
Wife and I bought a house in December. Higher rate, but lower price at around 150k. Our house is pretty small, but that is exactly what we wanted, pretty darn low utilities.
When demand crashes price will follow, when supply increases that will trigger the former. Builders will over supply the market the pace is set count down is active.
Based on the financial situation of non homeowners that I know; even if there is a housing crash they don’t have the cash not even for a downpayment.
1st time homeowner resources. Do the homework.
Enough with the clickbait titles...
Would love a video giving advice to realtors! Love to hear your insight! Great content as always 😊
Big issue is the majority of new homes being built are not affordable. My area has tons of new homes but they start at $450k in an area where the median income is $65k/year. Getting into the housing market feels so impossible when there are less and less affordable starter homes.
Cries in millennial
:'(
:'(
us millenials are cursed
Cmon man, millennials have more than had their chance to buy. I’m gen Z and became a homeowner
Take heart. There was a times article about how us milennials are finally coming into our own. It's mid 30s when most people get their first home anyways and we came up with a lot of competition so you'll get there. Just don't let the doomsayers get you down
Doubt we see any meaningful downsize in home prices! lock in effect and lack of inventory. I think this is the sad new normal.
yep!
I appreciate you presenting comments on both bear and bull.
I literally have a speech about this in a week. You came in clutch 😊
Graham casually dropping the Vsauce 6:59 Could actually be a wild collab
Lifelong goals to meet Vsauce!
House prices are going down “Or are they”
Dropping your mom's Vsauce...
If my rent goes up anymore I'll be forced to buy land and build a mud hut or a tree house. America sucks.
Take your time to get your credit straightened out. Pay off any debts you owe, get a secured credit card (training wheel card) with a $500 limit and play small ball with it for a year. Once the year is up the bank should offer you a real credit card. Do the exact same thing with it for a year. That combination should be enough to boost your credit score to a point where you can start seriously looking to get a mortgage. Its what i did to get my mortgage. Stay away from car loans tho. The banks wont like seeing too much money going out. Gotta be debt free to get a loan otherwise your expense ratio is too gone ie it would be risky to loan money out to you if too much is going out as it is. Another big help is not living in a expensive area to begin with. For me that would be chicago. Burb life saved me. Big cities like new york and chicago are for the rich. Same for pretty much all of california. The rule of thumb is 30% of income per month should be allotted for rent. No more. So if your making $20 an hr your max rent that you can afford would be $748 a mo no higher. Doable in the midwest.
I’m right there with you brother. But can’t afford the monthly payments of a mortgage in my area… I need to leave the state
Primitive technology is the yt channel to watch then😂
we’re being screwed on high land prices too sadly
The reason why housing market has continued to get more expensive is simply because of the cost of material. Building a house today costs that much more. This is also why home insurance has increase because the cost of replacement is that much higher. Just as a simple example. A 2x4 that was $1.50 pre-covid is now $4. You can see where this goes.
It’s all about demand. Once the higher rates work their way through economy and unemployment goes up, watch the bubble deflate!
Brian sent me here. Grow a pair. Quit preying on the vulnerable audience for clicks.
Clickbait king lol
Lol, the same happened in 2007, prices got soft and then a short-term bull market and then the big big crash! Bottom line is that a 45% gain in two years is unsustainable, be careful!!!
You have produced great content analyzing trends identifying indicators of what have historically signaled the downfall of the market. Would consider a video going back over those signals and where this market has bucked century long trends and is such a unique time in history?
The click bait continues as usual, Housin crash 2021, Housing crash 2022, Housing crash 2023, and here we go again. Used to enjoy your content :/
I foresaw the housing crisis and sold my property. I then put it in the market, about $200,000 of it. That was late February. I've lost more than 40% of my portfolio's value. It makes me really sad. How can I turn this situation around?
This is really sad. If you're not who understands strategies to invest in the market, why not seek a financial advisor to help you grow your portfolio?
true, A lot of folks downplay the role of a professional until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
How do I get involved in this? I am excited to take part because I genuinely want to build a stable financial future. Who is the main inspiration behind your accomplishments?
Carol Vivian Constable 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.
Thanks, her website popped up on the first page immediately I searched her, I read through her resume and seems pretty tight, so i wrote to her outlining my financial market objectives
Great information. Been looking at building a triplex here in Arizona. Everything you reviewed has been on my mind as well. Great video! Thanks!
It's simple really... Builder are building to meet demand. Houses with prices and interest rates are going higher eventually pricing out any buyers ever at any interest rate. So construction is going to over shoot. Causing prices to fall. The price for buffet has just hit his tolerance for risk and he is taking profits... It's the classic saying when others (construction companies) get greedy you should get scared. When others are scared get greedy.
Read "When Money Dies". House prices are not going up, the dollar is just dying.
It's not backed by gold anymore! 😭💔
@@sjsmusicalthat wouldn’t matter anyways, the gold standard was abandoned because of inflation and gold reserves wouldn’t cover the volume of currency in circulation.
They might be able to make a silver standard work if Americans can stomach cutting the budget.
@@Vhalan53not enough silver to back the USD either. Same situation as gold
@@Vhalan53how about aluminum standard
I’ve been diligently working, saving and contributing towards financial freedom and paying off my high interest mortgage, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.
Just try to diversify your portfolio to other market sectors, that way your investment is balanced and you don’t get to make so much losses.
Yeah, financial 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 folks gaining over 250k just in a matter of weeks/couple 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 I return at least $30k ROI, and this does not include capital gain.
my portfolio is down over 23% j and It’s been that way fsince 2022 and I really could use professional help, I’m close to retirement. have you worked with an asset manager before and could recommend any?
Sonya lee Mitchell 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..
First video of yours I've ever watched, good info!
Hey @GrahamStephan I wanted to let you know that you are super inspirational and your videos have meant a lot to me. I turned 21 recently and have officially started my career. Looking at your channel has made my journey even better. I am learning so many tips and tricks on how to be financially free and to make great choices. I think my next goal is to get more into stocks. Do you have any recommendations from your videos on how I should start?
Unsubscribed.
Prices are already coming down. In the peoples communist republic of Florida there are so many homes for sale on the West Coast right now. Nobody wants them and these people will end up losing their asses on these homes that were purchased overpriced. Every Tom, Dick and Harry bought a property to flip and make 150K on. The ones that haven’t sold yet won’t. They will lose their ass too.
Yep FL owners will end up broke because they will have to give their homes away because they’re not insurable
My mom is in Florida. Investors blow up her phone to sell in cash for 200K more than what she paid for in 2005. There is so much demand for doctors and layers to move into mobile homes and 1400 square foot homes now. They are from California and New Jersey selling their 80k homes for 800k to pay cash for a Florida home. It is insane
Excellent video, Graham. Been following you for years. This may be your best one yet.
i have a non-video question i've been meaning to ask. (and yes, i did hit the Like button.) :) those rivets on your desk... are they flat/flush for a smooth writing surface? or are they raised and get in the way of writing on the desk??
GREAT CONTENT..Do you know Bitcoin is on its way to breaking records, getting closer to hitting new high prices, showing that it's gaining more value and could go even higher than we've seen before. This could mean great things for people looking to invest, suggesting now might be a good time to get involved before it jumps even higher. It's an exciting moment that could change the game in general...managed to grow a nest egg of around 1.2Biitcoin to a decent 6.4Biitcoin. At the heart of this evolution is indeko Glenn, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment....
Bitcoin is moving crazy these few days
Mind if I ask you to recommend this particular professional you use their service?
Find her online with her name.
Okay I will google her, thank you
I have seen so many recommendations about indeko glenn, her strategy must be good for people to talk about her…
Just sitting on the sidelines, paying off my mortgage and eating popcorn watching people lose their minds.
Same here people are delusional no discipline.
While rising prices increase both your insurance and property tax costs. There is no "sideline".
@@Falconlibrary facts
I love all the research you do for your videos and clearly state your opinion vs any trend or what news says.
The best take on housing market i have seen lately 👍
I can’t even take this guy serious anymore after watching Brian Tax value guys video. He ruined all graham Stephen videos for me. Unsubscribing 😂
Hey Graham, What would be your take/opinion on buying a home in cash right now?
First time home buyer question: when you shop around for mortgage rate, do you go to the banks and do the pre-approval(s) before looking at the houses? Just had this convo with a local real-estate agent connected through Zillow, she wont even show me a house unless I have pre-approval stuff.
Short answer, yes. They will pre approve you for the amount of the loan. Sometimes they ask what address are you considering but it doesn’t really matter. Just call a bank or check their website. You should be able to do it from home. Good luck to you.
You need a loan officer you trust
*I always look up your videos when it comes to financial lessons. You are such a blessing to this community. People are financially struggling to put food on the table, yet no change is made. I appreciate Sharon Fogg alots, you’ve helped my family with your advice! Imagine investing $1,500 and receiving $9,300 in 3days 🇺🇸*
I am grateful to her. Although I started with as low as $1,500 actually because it was my first time and it was successful, she's a great personality in the state.
This guy know nothing. People should unsubscribed.
Home prices and rates have inverse relationship. For someone who live in their home and keep lower rates make sense for people. But someone who has multiple homes collecting rental income will be likely forced to sell their investment properties than accepting lower returns.
It will never crash prices will go to the millions and wages won’t . No crash
prices are too high. With rates not subsidised in ’24 and mortgage still high , currently seeking alternatives to maximize savings without an RV move or taking a loan. I’m seriously contemplating the latter.
Certain areas will tank in price (home builders going absolutely crazy and lowering comps in those areas as they try to offload inventory) and certain high-demand areas will stay level or continue increasing slightly. Not every metro is the same.
Agreed
I'm impressed you can cover this topic, knowing the market will never crash and we will end up owning nothing.
Some people have been saying the housing market is going to crash for the past 30 years...LOL..As always, the issue is supply and demand. So, at any location where more people are leaving than coming in, the housing prices will go down. The rest is just BS. More people are coming to America than leaving. And if people cannot afford to buy, they have to rent, which means the investors would buy the properties and collect rent.
@6:55 Loved the sudden Vsauce reference. Well made, on point!
Home prices are a function of supply, salaries, and financing. Interest going up means home prices should go down, but in reality it has "frozen" the housing market as owners do not want to sell and have to refinance at a much higher rate. So, that leaves a spike in unemployment which leaves people unable to service their mortgage debt and eventually put houses back on the market... or simply building more homes. The latter is coming, but slowly, so it won't crash the market.
One of the best "analyses"
love all the research you do for your videos and clearly state your opinion vs any trend or what news says.
Great video. Thanks for sharing that insight.
Ur still my fav, back watching fr PH 🇵🇭 after working in construction and life death 🚗 crashed 2022-2023
With so many homes held by institutional investors, and the cost of owning vs, cost of renting being so different, you could see institutional investors liquidate their stock of houses to invest in assets with more growth potential (houses are already unaffordable for the average American). This liquidation then leads to a mass selloff and a home price crash.
as someone who is planning to own my first property by september 2026, itll be cool to come back to this video and see whos predictions were correct.
The only thing that is going to help with home prices is an influx of new inventory, these high rates are only postponing buyers from entering the market, meaning all of them will come back to the market at the same time when rates go down. there are far too few new homes being built so all of them are typically overpriced, and the cost of older homes keep rising because newer homes aren't being built fast enough to supply the demand. Even if the plan that these high interest rates cause prices to drop you're talking about them dropping for a year or two not fixing the future price issues to come. New affordable development is the only way.
Almost forgot to like. Thanks for the reminder
That shopping tip was excellent. Back in the day, my folks didn't know they could shop a mortgage and just paid what their bank gave them. How unfortunate.
The inflationary effect higher property values have on property taxes, HOAs, property insurance, home repairs, utilities, etc will take a while to go thru the system. I know already plenty of people that have reasonable house payments but have been surprised by larger than expected increases in insurance, taxes and other housing costs...I have a feeling something will have to give pretty soon. I dont think it will be sudden, I dont think it will he 2008 all over...but I am not sure people can handle anther year of larger than expected increases. We also have to remeber that 2024 and 2025 are expected to be peak years as far as people reaching retirement age...we are talking over 10,000 a day. At some point it will be too expensive for a lot of people to keep holding those "cheap mortgages".
No way! The homeowners will definitely sell if they have issues they won't have a choice. For home prices to fall all you need is layoffs and for people to burn through their savings which they already have.