WARNING: Home Sales Just Hit 2009 Levels…Are Prices About To Crash?
✅Check out my private, online investment community (Rebel Capitalist Pro) with Chris MacIntosh, Lyn Alden and many more for $1!! click here
✅Rebel Capitalist merchandise
Cameron Long
Cameron is a seasoned CFO and CPA with 31 years in finance. He created the AI Trader's Playbook to help everyday investors use AI to find high-confidence trades — in minutes, not hours.
Read More About Cameron → Get the AI Trader's Playbook
The free market would bring prices back to historical normal in relation to incomes. If the free market was a real thing but it’s not.
The question is if it was always like this was there ever a free market
@@lol1223100we had a somewhat free market in the 19th century until the 1920s ish
A “free market” or unregulated capitalism leads to the situation we find ourselves in now. Rich getting richer and the poor getting poorer. Venture capital corporations have been buying up huge tracts of new homes all over the United States. All so they can then rent them out. This then causes home prices to skyrocket and makes it even harder for the average family to afford buying a home!
Home prices didn’t skyrocket under capatalism for decades. Crony capatalism and government intervention caused home prices to outpace income.@@Andrew-pt1fb
@@Andrew-pt1fbhow do we have unregulated capitalism ? We have the worst of capitalism. We have highly regulated capitalism (which makes it impossible to start businesses) but then unregulated CORPORATIONS so they get to trample all over workers with no worker protections. Free market capitalism would mean it would be INCREDIBLY EASY to start your own accounting firm or law office or construction company because there would be NO CERTIFICATIONS/ LICENSES needed AND you’d have no government hurdles to jump through when creating the business. It’s why in 1920 most Americans were small business owners
LUCK IS WHEN PREPARATION MEETS OPPORTUNITIES ❤
I can tell you new home value has collapsed. Cuz new homes are tofu dreg approved by the Chinese govt levels of quality.
All else equal you’re be much wiser to buy a 75 year old brick rambler than anything built in about the last 10 years.
All these realtors that have only been in the game for 1-3 years are going back to selling Mary Kay makeup pretty soon. Nothing is moving.
That’s going to change real quick if interest rates drop bigly.
We have dropped interest, it didn’t effect mortgage rates
@@sirmagnus99mortgage rates haven’t dropped
@sirmagnus99 mortgage rates aren’t based on FED, they’re controlled by the bond market. And the bond market doesn’t believe we’re strong and resilient
Good I can’t stand Real Estate agents anyways. Never met one I trusted.
2008 wasn’t a financial crisis. It was a collapse from the unmitigated greed of the amoral.
You are clueless
As you say the cause was greed and amoral by the government, but it still creates a financial crisis. Same for 2026.
What is amoral? Is it government forcing banks to lend money to questionable credit history folks, so they can purchase their own home?
@@wacio lol speculators caused the collapse, this has been litigated a million times already and the narrative at the time was absolute bullshit.
@@wacio Fiat currency is amoral.
All these people with nice houses and cars are the renters, the banks and government are the true owners.
Idk about that, most older Americans are home owners. Younger generations are priced out but eventually they may be. Cars are a liability, it’s better not to own them
If you owned the house you wouldn’t have to pay taxes
Only until the loan is paid off. You must have missed the memo.
@@bobbobertson6249 Incorrect. Property tax is separate.
@@dragoonseye76what memo?
New home materials and labor are horrific. Just watch youtube inspectors
My first mortgage was a 16% ARM and I felt fortunate to refinance at a 14% fixed.
2 years after refinancing I was unemployed and 20% underwater.
Nobody can predict the future but it seems like everyone assumes prices will always go up.
Low interest rates has made EVERYTHING in America unaffordable.
yup
Gotta let things crash
And trump wants a 2% fed funds rate😊
How did you manage to continue?
@@NashvillePastaman Sure, and then you’ll get inflation. Basically, the credit card is overdrawn, the lenders are saying no, and using the printing machine like the US presidents are used to won’t work anymore. The US economy is completely effed. And Trump is only making it worse with his tantrums, overspending, and his classless and clueless behaviour.
New homes are trash
Waddaya talking about? Theyre all being built by drs and engineers 😊
Home prices are already coming down. I keep dropping the price of my home just to get people to go to a showing. I know housing prices are local,but when it’s personal it hurts.
George is being intellectually dishonest on this take.
Sell next year
@@ebutuoy5088sure 😂
@@HankSemoreButz George must’ve just listed HIS house for sale with his realtor !!
Your house isn’t as nice as you think it is and it’s not worth what you are asking. It’s USED and not new
That’s an absurd conclusion. Prices have fallen drastically under these conditions in the past. Why would this time be any different?
I agree with everything you said George except your final statement. Home prices will go lower but at probably 10-20% per year for a few years equaling the 2009 50% correction.
Agree
No way 50%
@@Hiyoohiyooalready down 30-40% in Toronto and some major cities in Canada
Prices may be going down as they are becoming uninsurable.
Homes priced in gold (real money) have already crashed. Gold surged from 1850 to 3400 in less than 2 years.
Gold in a bubble though.
And all bank’s across the globe are buying gold at record rates. They must be preparing for something 😲🤷♀️↗️
@@CU-nz9ud How is gold in a bubble?
@@regbar0 because everyone’s been hoarding gold increasing the prices since they think gold is recession/ bubble roof
Home prices will crash as much as the GFC! The consumer is in far worse shape. It is different this time, it’s much much worse.
Scary times ahead if the dominoes start to fall
Every policy which delays the inevitable just makes the final crash worse: I’d prefer to see the crash sooner rather than later.
You need to add student loan delinquency and the repo market to your prediction.
Tons and tons of CC debt.
The prices of vehicles and homes have exponentially outpaced average wages. Time to come back to earth. Hopefully property taxes come down too.
Thats the Magic of QE and Low rates. People lose purchasing power and governments can easily refinance.
What crash, home price are still way too high. 😄
Meanwhile I bought a house built in 1993 three years ago. After a new roof, hvac, leach field replacement, 80% interior update and an efficiency apartment update we sold the house, closing today. It still had so much more to do. We knew the state insurance hike is coming(NC) and the tax reevaluation is due. The financial stress and known upcoming maintenance was my breaking point. We did gain some nice equity reimbursing us 100% for all money invested. Essentially we lived free the last 3 years. Now we are debt free and Freedom is what I consider the new American dream. We’re leaving the country for a cheaper and healthier lifestyle. Thank God. The only wild card for all investors is to actively engage the market by trading, we always over complicate things when we speculate. It’s not about guessing the market’s next move; it’s about playing it smart and steady during trading. Fortunate enough to have grown a nest egg of around 100k to a decent 732k in the space of a few months. I’m especially grateful to Luna Gilman whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial climate.
She’s on Telegrams by her full name
@LunaGilman
Thanks for sharing your experience also. She has contributed to the growth of my reserve, despite inflation, increasing it from 87,000 to 246,000 as of today
Her insights and daily signals definitely worth following.
Considering that the market has gone berserk! whether you’re a newbie or a veteran trader, We will need a sort of coach at some point to thrive forward.
Learning while earning from her program means everything to me thinking about it, it’s a win win for both ways
It’s simple. We’ve reached a tipping point. Wages haven’t kept up with inflation for decades. Prices on consumer goods haven’t come down to pre-pandemic levels due to corporate greed. The money that people saved during the COVID lockdown has been spent. People are running a balance on credit cards and can’t pay them off. This debt-to-income ratio prevents families from qualifying for a mortgage on an overpriced home, even if the lender doesn’t require a down payment. Home prices and/or interest rates have to drop before sales will rebound. Anyone who has been watching this channel for a while should have seen this coming a mile away.