Buying A House Right Now Is Crazy

In today’s video, I respond to a sharply worded email that disagrees with the idea of buying a home. In hindsight, I think I could’ve done a better job responding to each individual take but honestly, I stand by my point, I’m not here to educate and convince people to buy. I’m here to empower the people that are choosing to buy. 

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[kortyEdna]

Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.

[bryang]

Yeah, I've never heard you say -- Nows the time to buy. Buy, buy, buy!

You've actually kept it real and mentioned that strong why behind the purchase.

I've never heard you push any nonsense, but rather just empower us. I'm so thankful. I'm looking at homes now and have found relief.

Thanks, Javier.

[jbivphotography]

You've been the most level-headed of the realtors I watch on YouTube, giving real information. You've NEVER said to buy but more so to be cautious and prepared when buying and I HIGHLY appreciate that. Just because you're a realtor doesn't mean you're out here telling people to buy.

[ThompsonWhite-h]

Mortgage rates are currently at an all time high since 2000(23 years) and based on statistics on inflation, we might see that number skyrocket further, a 30-year fixed rate was only 5% this time last year, so do I just keep waiting for a housing crash before buying or redirect my focus to the equity market

[josephwalsh]

My wife and I just got our first house 2 days ago.

[RichardGeorge-pzwm]

Just by when you’re ready. Purchase (2) modest investment rentals. (I own 4.) It is a part-time hands-on business and a ticket to a comfortable retirement if you are willing to deal with the headaches. I buy clean low-mileage cars in cash and I carry no balance on credit cards. I "retired" 10 years ago and my portfolio is worth more now (inflation considered). I will not outlive my resources if I live to be 100.

[scarpint]

I'm a CERTIFIED FINANCIAL PLANNER. If my client has a stable personal life, knows where they want to live, and can afford a home... I tell them not to wait. Don't try timing a market. Buy when you are ready. It's that simple.

[designereats]

I got outbid 7 times! Thankfully, the seller knew that I was a first time home buyer and choses me instead of the all cash offer

[-Dynamite]

I don't mean to be an ass to the person who wrote that email, but have they even watched your channel??? You constantly provide level headed advice, much of which advises on all the negatives of buying right now. You push people to be thoughtfully cautious, when the vast majority of buyers love to enter the market with their blinders on- ignoring red flags in themselves, the terms, and price. I am honestly offended on your behalf that the person didn't acknowledge any of that, grilled you like you are part of the masses of realtors who ARE guilty of forcing and pushing sales onto their buyers.

[aaronpetry]

Bought my house in 2011 and I was told I am stupid buying a house then. Sold at the peak now for 3x what I paid for it. Renting now. Will buy again in the next 3-4 years to repeat.

[ts]

I'm closing on my old house in 2 weeks and closing in 3 weeks for my new house. It depends on the location and affordability.

[matthewgirard]

Your representation is EVERYTHING!! just closed on a house in Verrado 35k under ask and appraisal, 4%seller concessions, closing date on OUR terms and binsr issues fixed. Again... representation and your agents KNOWLEDGE determines what you get and how the process goes. Now is a great time to buy! If interest rates and "asking" prices drop, the market will be flooded. Do you reaserch on your agents! The flashy IG realtors with appealing Reels are usually not a good agent to represent you. Good luck to all!

[Francisco-pocf]

I’m so glad I wasn’t watching YouTube when I bought my house in 2020. I started watching after I bought and there were YouTubers telling people it’s a bad time to buy and you should wait for a crash.

It’s been 4 years and homes are way more expensive than it was. if I had listened to that advice, I’d be paying more in rent and would have lost a lot of money. Crash YouTubers have caused a lot of people to be in a situation where they can no longer afford to buy.

[meid]

Me, listening to you read off the email as someone who’s been watching your channel for about 2 weeks: “Did they write to the wrong person??”

[austinbar]

I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?

[myrkaortiz]

We purchased in April 2023, new build 5.75%, 3bed 2bath, $380k! Everyone was telling us not to buy bc of the market.. I’m so glad we didn’t listen bc the market is pretty much the same! The bubble is not bursting, buy when you are ready! The exciting part is over

[bethmendoza]

What attracted me to your channel is your common sense, mathematical ability and straightforward way of explaining things. In the last video I watched, you had helped a couple realize that buying a home was not advantageous for them. Your reasoning was spot on and you saved them from an unnecessary financial burden and possibly future distress.

[CaitlynGoesHiking]

I just bought my first home as a single lady on a teacher salary in an Atlanta suburb. I got tons of concessions and a slightly lower purchase price. Total out of my pocket to put my foot in the door was $2000. I’m so happy and I love my new house, and my doggies finally have their big backyard 💜

[jorn]

I find this very funny. I've been watching Javier for many years. To those who may have only watched Javier's videos recently, he actually used to make videos back around 2020 about how we were in a housing bubble and how you should not buy, it was a constant theme and what brought me to his channel in the first place. He actually stopped that because he said he didn't want to feed into the doom and gloom and get views based off it which I believe is very respectful.

[sintay]

You are very informative, my favorite thing that you’ve said is to pay attention to the local market, not national headlines. Makes a lot of sense and sometimes I swing by and check in, like now. You’re doing good things man, and you seem down to earth and honest. Keep doing you!