Housing Market is TOAST | Mortgage Rates Plummet

Housing Market TOAST | Mortgage Rates Plummet

[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?

[fcoram]

I live in Texas. Harris county just raised our property taxes to 9.54% from 3.5%. Our property taxes should be calculated based on the original purchased price of the home until is sold again to a new owner. In reality we don't own our house. Government does. There is no such of thing as private property in the USA.

[gaactic_muffin]

Good. Essential shelter should have never been commodified in the first place

[frederickswartzendruber]

Fed obviously in panic mode, stimulating when stocks are at all time highs????

[betsymcdonelherrph.d.]

Mitch should consider trademarking his brand: MitchMath (TM) Travis and Mitch combined make a fierce dynamic duo. Excellent communicators. Mitch's dry wit and unminced wording unparalleled and right for our times.

[erict]

I work for a utility company in LA and started as a meter reader. I had to get escorted by security to take me to the electric meter. What I noticed is the shredding of money and had huge containers of shredded money. I was told it is recycled and re-used. I still don’t understand why it needs to be taken out of circulation and shredded. This also creates inflation with the creation of crisp dollar bills

[scottarmstrong]

Housing crisis triggers a market crash or a financial crisis, it could send shockwaves through the stock markets worldwide. I’m worried about my investment of over $600K stocks. Is this a time to consider diversifying my portfolios?

[wemowlawnsmore]

I disagree rent goes up as insurance, taxes, hoas, and any other cost to the landlord goes up, landlords always pass it on to the tenants rent. Look at yearly rental increases.

[JJAMES]

Mitch's insight is absolutely bonkers!

[srose]

If rates are plummeting, then why can't I see it? What i see is a 15% INCREASE since the fed lowered 50 basis points. If the housing market is in so much trouble, them why does it keep rising?

[Aries]

Thank you Gentlemen!!
Great conversation!! ❣️🔥

[nikizak]

This is my must watch, from Australia. Refreshing to hear Mitch’s take on Foolishness.
Thank you Travis & Mitch.

[randyp]

Most people see what's on the horizon with job cuts, lower demand, and prices still elevated too high. So, when will prices become "fair" again? Thoughts?

[garrettpatten]

Mitch Vexler and Catherine Austin Fitts need to talk! She was assistant secretary of HUD under Bush Sr. - She blew the whistle on the great taking!

[coreysmith]

I tried to watch this in pieces..You cant have to rewatch this whole conversation amazing content

[JoeJohnson]

We've been saying that it's the end of the road for three decades. They just keep doing it. It's crazy how insidiously brilliant they are. But they've been playing this game longer than we've been analyzing it. In spite of what "should" happen, they keep the ball rolling.

[Lovepuppies]

If property taxes are paid in arrears, could that also be the problem? As the market changes, those assessed values might no longer be accurate or represent current market values.

[SkeetGranger]

Love realistat mind set your giving the great awakening to the public thank you

[BartonGAINES]

What do you know about CBDC (Central Bank Digital Currency)? It seems to me the west is going that way in response to, among other things, the BRICS nations. Some commentators seem to think the monetary reset like a debt jubilee.

[anomaly]

I don't owe one damn dollar to the federal debt.