Kevin O’Leary: This is the ‘biggest problem’ facing the housing market

‘Shark Tank’ investor Kevin O’Leary joins ‘Your World’ to discuss the costly American dream as existing homes’ median price reaches a record high. #foxnews

FOX News Channel (FNC) is a 24-hour all-encompassing news service delivering breaking news as well as political and business news. The number one network in cable, FNC has been the most-watched television news channel for 18 consecutive years. According to a 2020 Brand Keys Consumer Loyalty Engagement Index report, FOX News is the top brand in the country for morning and evening news coverage. A 2019 Suffolk University poll named FOX News as the most trusted source for television news or commentary, while a 2019 Brand Keys Emotion Engagement Analysis survey found that FOX News was the most trusted cable news brand. A 2017 Gallup/Knight Foundation survey also found that among Americans who could name an objective news source, FOX News was the top-cited outlet. Owned by FOX Corporation, FNC is available in nearly 90 million homes and dominates the cable news landscape, routinely notching the top ten programs in the genre.

Watch full episodes of your favorite shows

[LoughBellis]

Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

[arminfejzulai]

Kevin cut the bs. What would the housing inventory look like if corporations weren't allowed to buy single family homes the last 4 years? That's the biggest issue.

[JamesPieters]

I sold an apartment in Rochester and made about $250K. I was frustrated when I only earned $171 in interest from a regular savings account. After doing some research, I was advised to invest in stocks. Are these stocks a good point to start from?

[PatrickLloyd-vjtj]

I used to think every investor went broke during recessions, meanwhile some made millions. Bottom line, there's always a recession for some and profit for others, it all starts from having the right mindset. That said, I've set asides part of my savings to invest for future. Unfortunately I'm a complete noob.

[karenlorentzen]

DC NEEDS TO STOP REINFORCING ILLEGAL IMMIGRATION. AND TAKE CARE OF AMERICANS!!

[AlexClarkcompany]

This year's challenges will undoubtedly be more difficult. Looking back, I realized that I was so focused with my portfolio that I made disastrous financial decisions for the entire preceding year. I had to pick between increasing my investments and purchasing a house. After choosing to sell my investments, I discovered that the property I had purchased required more maintenance than I had anticipated. Trying to find out how much longer I can take this is becoming increasingly difficult.

[AdamLevine]

The housing market is inflated and oversaturated with homes being on the market with astronomical price tags just stagnant for months. It is very clear that or generation will be likely one of the most devastating bubble pops in modern history. Seeking best possible ways to grow 250k into $1m+ and get a good house for retirement, I'm 48.

[eugenefirebird]

House prices are 2x real historical value and 3x in the super bubble areas of the USA. Rents are 2x real value everywhere. Blame the Fed and the government for all of it.

[SpringScapes]

Outlaw corporations, foreign countries, and illegal aliens from buying property or land.

[trikstari]

The biggest problem facing home owners is property tax.

It's nothing more than a way to ensure families do not accrue wealth over time.

[josephfraley]

When you let in millions of immigrants into the country. Just what do u think that will do to supply. not even mentioning inflation

[leoaz]

Nobody cares about us. I'm retired living on $1543.00 monthly on social security. My rent with utilities and rent tax for my July payment is $1493.00. I can't find a job. Been selling everything I own to buy food. Sleeping on a couch now. Our politicians don't care 😢

[jaysonj]

It's too bad O'Leary didn't think about disclosing all of the big problems at FTX.

[reefratsclark]

I was a home builder for 20yrs
The regulations shut me down

NoT worth the extra hoops

[keepingitrealbymonique]

I’m homeless at 58 years old. I’m so sick and tired of rich B who don’t have a clue what’s it like not to have a safe haven

[gregory]

Even these stats are so misleading. Eggs cost 2.99 USD for a dozen in my area about a year or so ago. They are now 3.99 USD. That's a 33% increase. Not the 3% they make it seem.

[kristinix]

Air BNB are absolutely not helping either

[jrobbins]

Maybe 5 to 6 years before anyone thinks of seeing 5% on a 30 year if you are lucky.

[robbelliii]

Inventory is the problem. Government needs to incentivize small business to build. Large builders are only interested in $800K plus homes.

[harrymiller]

The problem is out of control speculation in the market, NOT interest rates!