Why The Housing Market Hasn't Crashed Yet - What Banks Don't Want You To Know

[blaquopaque]

Asking a real estate broker if it’s time to buy is like asking an alcoholic it was time for a drink.

[dougmitchell]

This video can be very misleading but take everything with a grain of salt. When interest rates rise and they will rise faster then we think to curb inflation, it will deter people from buying. Supply of homes will not be an issue. The cost of rent is rising 15-25% in parts of the country and wage growth is only between 2-5%. People are being out priced on homes. A crash is coming, just a matter of time

[avian]

The current housing market is making it miserable for the middle class who really need a house and not rich because they can't catch up with the crazy house prices and they can't afford the house they should The incompetence of the government is so sad. Hope everything can be fixed soon, this is not how we should live.

[Michael-fgcd]

Wait for inflation to fully kick in, much higher outgoings disproportionate to ingoings.
House prices will collapse, there is no other outcome.

[boondoggle]

A home first and foremost should be a place to live in that you hopefully enjoy. It’s annoying that people look at it as an investment instead of its primary purpose. Greed is driving up prices.

[huskyboy]

There should be a time limitation on how long an investment firm can own a single-family home

[TomSmith-kcmz]

A lot of people bought houses they normally couldn't afford because of low rates and FOMO. When housing prices start to go down because of normal market contraction there will be people who panic and sell. It could trigger a domino effect and really drive prices down.

[hlf_coder]

The American dream is dying. I increased my salary by 40% just last week. I’m now at 140k so although I’m light years from being wealthy, I’m in a better spot than the average guy. I also have plenty saved for a down payment, and I haven’t even found a house worth looking at for 3 months. And I’m looking across the entirety of 2 states. I see complete pieces of shit being sold for like 800k. It’s unreal

How the average couple with a 70k household income is supposed to find something in a certain town is a mystery to me. This seems entirely unsustainable

[lwjl]

Buy low. Sell high. This is a sellers market. Just wait for the market to switch. It always switches back and forth. It’s all about timing.

[bbsara]

I mean house prices can't keep exceeding income growth forever.. or else everntually you have a house that costs 100 years of a avg persons income to afford.. this whole things has gotta collapse soon

[GunslingerLv]

I like how rich people say : don't buy land and houses just buy market shares

[tomcarrow]

Don’t worry about the value of your home. If you like where you live and can afford the payments, who cares what market thinks? The only time it matters is if you’re a flipper. If you buy a house to live in it makes no difference.

A lot of people have been waiting over a year for the market to crash, when they would gladly pay what they could have in 2020-2021 right now.

[scotttyson]

When you know a current trend cannot continue forever, people still get surprised when it doesnt.

[thomasmichaelpenders]

When the market crashes and the dollar along with it, things with intrinsic value(real estate, luxury goods, precious metals, etc.) will be the only things with value. And when the dollar is worthless, employers will have to pay much higher wages. It will make paying your mortgage look like spending a few pennies for a piece of gum. The high taxes are how they will steal your private ownership.

[stanstanly]

Homes prices are HYPERINFLATED. Buying prices do not reflect real value. There will be a correction....No way I'm buying right now.

[thegods]

I hope I doing good on my finances. I'm stacking the cash in order to buy my first house. Been doing the dave ramsey plan got out of debt 2 years ago and been saving ever since. So far I'm up to 30k saved for my home. I honestly hope the market can correct itself because this is nonsense. But I guess I'll continue to save I plan on saving 60k-70k for my home on top of my 15k emergency fund. Hopefully by then the market cooled off a bit.

[backyardr.c.channel]

Buying a house is like a revolving door. If you don t put your foot in to stop it, you will never get in. House prices only go up the longer one waits the more you will pay.

[VineDirector]

Here are some inflation numbers

📈Used Cars are UP 40.5%
📈Gasoline is UP 40.0%
📈Meat/Fish/Eggs are UP 12.2%
📈New Cars are uP 12.2%
📈Electricity is UP 10.7%
📈Food at home is UP 7.4%
📈Food away from home is UP 6.4%
📈Transportation is UP 5.6%
📈Shelter is UP 4.4%

[TheBorkka]

Houses can't keep going up multiple times faster than what people earn in income. At some point prices has to come back to normal logical prices.

[gypsiemomm]

How is there a low inventory? I thought many people were dying in this pandemic? If this is the case, there should be more houses on the market.🤔