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End the extend and pretend on delinquent mortgages.
100%, things need to fail in a healthy market
You’re rooting for a disaster
@@XRPinstitute But sooner or later bad loans become defaults. The later the bubble pops, the bigger the problem when it does. One word of warning: 2008.
@@elhombre5580 There’s no such thing as a bad loan. The debt is not real. It was created out of nothing. They need to restructure the loans so people can continue to afford paying.
@@XRPinstitute??? The debt was created when the bank paid the previous owner (or builder) for the buyer. That’s not imaginary.
Those who cannot afford to pay their mortgage for an extended period should be foreclosed on… that’s part of the contract. Young people deserve a chance to get into the housing market. As a society we should not be propping up those who purchased more than they could afford or don’t want to work hard enough to maintain what they have.
You’ll rent off corporate landlords and be happy
And eat ze bugs!
ban corporations from owning single family homes. Simple.
Unearned income was banned I asked for a video about it
As long as private capital is allowed to buy up everything site unseen prices won’t be going down till an economic collapse into a depression.
And the new billionaire “gold card” purchased “citizenship.” Only allow them to buy residential homes they actually live in.
Also more single family homes need to be built. Not enough entry level houses are being built because home builders are greedy and want to build bigger houses to make more money.
how do you feel about small investors that maybe over the course of a decade fix up and rent out 20 houses, they are going to be a corporation most likely, even with 1 rental it’s good to have corporatation
Without a Severe Crash, the Past 40 years’ excesses can never be cleansed.
So when the crash happened in 2008, did that incident “cleanse” everything?
@yaminatoday1151 QE and multiple credit facilities since then has only amplified the excesses.
MOAC incoming.
@@yaminatoday1151No, because of bailouts.
@@yaminatoday1151😂 exactly. It only accelerated where we’re at now.
Housing should be homes for Americans, but clowns turned it into stocks.
with food too,
The fed*
OK communist
Yep, anytime someone says a home is an “investment” you know they are clowns.
I worked at the upper levels of a “clown” company for several years. My job was to “dispose” of $7 Billion (usd) as quickly as possible. My team was buying 50+/- houses a day across several markets, for 2.5 years. We bought just over 22,000 houses during my tenure. I left, but the buying continues. This company currently owns approx 90,000 sgl family homes, with their target of 400K by 2030. And we were not the biggest player in that space by a long shot. Not even close.
When people mention Blackrock for example, and talk about their holdings, understand there is a second (and maybe even a third level) level of ownership where Blackrock does not directly own a property, but they own or control an entity that does own the property. Ultimately, this system represents a massive transfer of wealth from young people to older individuals, or to corporations doing their bidding.
I hope my inflated home value sinks all the way down
Lowering my property tax
So I can stay in my home
Doubt it
Intest rates will go back to 3%+-
Good luck
You forgot to consider inflation in the value of materials and labor. Home values are right were they should be. They can slow the acceleration in home values. Prices going down by five or ten percent is only temperorary. There is no normal level when politicians are passing bills to spend and print money to no end.🎉
Lowering? Not sure where you’re at but that doesn’t fly where I’m at. They just change the equation and say this is how we assess it now and your taxes stay the same.
There is no housing shortage. There has never been more housing units per capita. New home supply is at record levels. Conversely, there is too much supply in the hands of too few hands, such as hedge funds, mom and pop investors, and Air BnB speculators. Supply will naturally increase when unemployment increases and investors are forced to liquidate their non performing portfolios. And keep all governments out of the real estate market. It’s not the job of taxpayers to ensure that high house prices are part of anyone’s investment plan.
I agree 100% , look at Zillow in almost any market and any price range and you will see tons of listing, and they are all overpriced.
High home prices slow down the economy due to fewer transactions and less money for everyone! We need reasonable prices so buyers can buy and sellers can sell, letting the economy run again! Unfortunately, we are at the point with few transactions where builders can’t sell and can’t bring the price down, sellers can’t sell, buyers can’t buy, and everyone stays miserable to keep the price high. This eventually results in recession and unemployment, which results in price cuts in a sad way.
bang on
Any reduction in home prices by 25% will immediately attract hedge fund investors and corporate home flippers who will buy up all the affordable homes which will send prices right back up again as they have the ability to purchase large lots of homes for all cash!
It simple to get rid of investors own property jsut by raising non-homestead tax. But county govt would never want lower price becuase they lose revenue if price fall so they have every reason to help speculators.
@@Cordycep1many counties require a minimum number of low income housing units. Regardless of the wealth of the neighborhood.
Who will lend to them? How will they pay.
@@Cordycep1THIS!!! So these politicians and unelected government employees can be paid 300k a year to do nothing. The government job gravy train needs to stop.
Not if stock market comes down with it 😂
The books are all cooked so nothing makes sense anymore.
The builders will charge what a neighborhood is selling for. That 23.8% will be added to their profit, it won’t come off the price of your new home.
Yup!
Agree
Yes and most of the regulations occur at the state and local levels and most of them are valid to protect existing owners and future buyers from costly or dangerous problems.
If total regulations equal 25% of the house, they are not going to eliminate 100% of the regulations so there won’t be a full 25% drop
Home prices will only increase, Unless you address the fundenendal issues , Ban corporate to buy SFH ,
And ban Airbnbs. I would never buy a house that’s next door to an Airbnb that’s essentially a hotel with people who party all night or do drugs. Airbnb tends to cater to people who are transients and who don’t give a damn about the neighborhood.
Housing prices will have to crash in order to make housing affordable in the US. Only increased unemployment will trigger that crash. The only regulations that will work to make housing affordable is banning Airbnbs and corporate ownership of vast numbers of homes.
And foreign investment. In fact, just ban all ownership of more than 3 homes. Privatize all multifamily units into condos.
Get rid of local regulations on building.
Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighborhood that cost around $450k in sales in 2019 are now going for $800 to $950k. Every seller in my neighborhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.
Home prices will come down eventually, but for now; its best to offset some of your real estate investments 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’d recommend considering a managed portfolio, though even those have their challenges. The best approach is to consult a trusted fiduciary for guidance—that’s what has worked for my spouse and me. We’ve achieved over 80% capital growth, excluding dividends.
Do you think someone is deserving of recommendations when it comes to financial market specialists? Now that large-cap stocks are cheap, I have some cash to test the waters. Regards
Kelley Annette Lewis, a well-known professional in her field, is my CFA. I advise doing more study on her qualifications. She is a great resource for anyone trying to understand the financial industry because of her many years of experience.
I just googled her and I’m really impressed with her credentials; I reached out to her since l need all the assistance l can get. I just scheduled a caII.
Housing prices will never come down until the local school district bond fraud( aka local property taxes ) is eliminated.
Lower property taxes will increase home prices.
If the richest Americans didn’t hide taxable income and paid 22% like we do, the deficit would come down and ALL prices would stabilize. Until this happens the rest of these plans are theater. 10 years from now houses and other prices will be higher. Either vote for fair taxes or get used to stuff costing more.
We should be allowed to build what we want.
1. Unregulated in rural areas.
2. Taxing unrealized gains based on current property values as set by govt should be made illlegal.
3. This would allow unique alternatives and reduce insurance needs and rising costs.
Building an inexpensive home and self insuring is a dream. Over regulation & taxing to line pockets is expensive & makes people work til their dead.
Tariffs Lumber is going to be expensive. Deportations No one to build those homes Recission layoffs and high interest rates.
As usual, those who buy last loose most.
I am a custom home builder. On the average I pay 60 to 70k in permit fees per home plus tons of local regulations on top. This includes a lot of local taxes but does not include state tax. The problem is the local governments are on the same gravy train the federal government has been on. In order for this to work things have to be cleaned up at the local level as well. Also every time I turn around I am getting price increases from vendors saying their costs are increasing. Inflation has to be stopped and reversed in order for this to work. 50 years ago my parents bought their home for 20k. Today it is worth 500k and it would cost about that to build including land price.
USA real estate should not be allowed to be owned by foreigners or foreign entities just like a lot of other countries.
I hope so too!!! I’m 🙏👏👏👏for president Trump to succeed for hard working people of America!!!
Just retired but I have grown kids and a grandchild. This is important for our kids future!!