Historical Housing Crash Started 'SELL NOW' says Economist Harry Dent, Jr.

#housingmarketnews #realestatenews #useconomy

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[Pat_laura]

This is a really interesting take on the housing market. People are being impacted by the long-term decline in property prices and the housing market. I recently sold my house in the Sacramento area, and I want to invest my lump-sum profit in the stock market before prices start to rise again. Is now the right moment to buy or not?

[commonsnapper]

If homes drop 50 percent property taxes should drop 50 percent 😊.

[CaliforniaMortgageLoans]

The question is, how many years will this guy say this until it actually happens. I've been following him since 2019 with the same message.

[ShelbyHutchison]

"It has never been easier to buy a home" - This is absolutely the greatest detachment from reality I've ever heard. Maybe we should clarify - It's easy to buy a home, but to AFFORD the home is extremely difficult.

[jamesc]

"I don't care who gets elected president, they don't drive this ship" 100% accurate. The Federal Reserve is out of control.

[hood]

Employers won’t raise salaries to match the cost of housing but they haven’t done that, ever. In the 50’s Dad worked a modest job, Mom stayed at home and raised the kids, and they lived a nice middle class lifestyle including owning a home. Nowadays both parents work and can barely afford to make ends meet. Soon the kids and family dog will need to work to keep a household going. It’s the destruction of the American dream right before our eyes.

[blissds-gimb]

Oh, great! Another "sky is falling" moment in the market. I’ve been stashing away $234k in my emergency fund, waiting for the perfect time to jump into this chaotic market. Is this the sign I've been waiting for? 😅 Honestly, with the way things are going, I might just start investing in canned beans and bunker real estate! But seriously, anyone else feeling like they need a crystal ball to navigate this mess?

[Breezeyogi]

One of the absolute smartest decisions one can ever make is to payoff their house and stay pit. PERIOD. A house is not a bank. Don't think of it that way. It's your sanctuary from the world and your security. Treat it as such...

[hermanramos]

Housing prices are unlikely to significantly decrease until there's a substantial increase in housing supply. In the USA, there's a shortage of millions of housing units, and construction isn't keeping pace. The constant demand for housing, coupled with population growth, means that even a slight price drop attracts numerous buyers who quickly absorb the available supply. I'm considering purchasing affordable houses in 2024 and possibly venturing into stock investments. When is the best time to enter the stock market? Some people say it is profitable, but others say it's risky. Any advice?

[jillklann]

Prices tripled in three years. Time to get it down to middle class prices !!!

[doombuddy]

It doesn't matter how much they drop the price. they need to stop having big companies, buying out all the homes, and renting them out. That's why the price is up so much, you have one company owning 20 homes and renting them.

[jumbojet]

If homes drop 50 percent property taxes should drop 100 percent...PROPERTY TAXATION IS THEFT!

[jayess]

Ok, so I sell my home and hold on to the funds waiting for a crash and instead we enter into a greater inflationary position and the funds I have on hand will only purchase half the home I sold or I can hold on to my home, wait and see what happens. Two things can happen as follows:

1. The market goes up and I sell my home for an extra $500k in the future, or

2. It crashes and I lose $500k on the sale of my home but I can purchase the next home for $500k less and have lower insurance and property tax base.

Either way, the safe thing to do is ride the wave and don't get excited by these people. If someone sold their home 4, 5 or 10 years ago waiting for the market crash, they would be Shhht out of luck right now and would find it difficult to enter the real estate market today!

[phoenixrising]

We have been living in a depression for YEARS! I literally literally have had to cut cardboard inserts out for my shoes and do other humiliating things I won’t mention just to survive. And I am a veteran RN who makes “decent” money. They’ve been lying to us for years and since 2020 it has been a literal depression. We all know it.

[lizzie]

This guy has been calling market crash for YEARS and YEARS! Last year he said he will not go on media anymore if the market didnt crash last year, why is he still on media? 😂

[seanabreu]

I dont see it happening. Mass immigration, low supply, huge building costs, low interest rates, more printing. I don't see how it can correct that much. There's just too much money out there

[jasmines.]

House prices need to go back to 4x income and be put back into the hands of first time homebuyers buying for themselves. Severe penalties for shell purchases and strawman purchases.

[jeannemarie]

Housing prices up 48% since 2020. Heard it somewhere. I see it in my area. $400k is "starter home" price. Unreal.😢

[Paul-nnoj]

REAL ESTATE IS A LIABILITY if bad tenents &/or agents.
Insurance never wants to pay up. Law on tenents side, even if they trash your house

[alexsteven.m]

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.