Housing Market Crash Could Be BRUTAL On NEW Homeowners

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Homes need to not be a investment. That's what has caused all the housing messes we have gone through. Just remember housing is. Something we need for strong middle class.

WholeLottaRandoms
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The thing is ppl need to stop looking at homes as investment properties and more like the thing they are...Homes! If you just purchased with no plans of moving anytime soon you can wait out the market.

averagedonnie
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This Housing crisis collapse might end up being a part of us for a very long time. With inflation currently at about 9%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.

ChristopherAbelman
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In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.

lawerencemiller
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For newbies, be aware that this is a grossly oversimplified scenario. For one thing, you can't get a mortgage on an investment property without at least 25% down payment. Two, it's easy to see comps for house purchase prices, but it takes a lot of research to understand the comps on rent prices. The trick is to find a place where renting is more expensive than buying, but those places are less common because of this very type of scenario. Three, you have to remember that rent number he's using is supposed to be net income, not gross. So you have to think about costs for taxes, insurance, maintenance and vacancy when you're researching investments. All that said, real estate investing is a good tool for wealth accumulation. But it isn't foolproof.

hersdera
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I wonder if people that experienced the 2008 crash had it easier because this market conditions are driving me to insanity, my portfolio has lost over $27000 this month. alone my profits are tanking and I'm don't see my retirement turning out well when I can't even grow my stagnant reserve.

CatherineWilson
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I foresaw the housing crisis and sold my property. I then put it in the market, about $200, 000 of it. That was late February. I've lost more than 40% of my portfolio's value. It makes me really sad. How can I turn this situation around?

micheal_mills
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I’m so grateful I purchased my home in 2014 at 24 years old. My interest rate is 4% and my monthly payment is $1406.00 3 room/ 2.5 bath. Todays rates are INSANE

SimplyMoe
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I've been watching the housing market closely, Prices have been skyrocketing for years. It's going to be tough for first-time buyers to enter the market." how can one diversify $280k reserve .

PatrickLloyd-
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People will have to accept the possibility that we won't ever return to 5%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Sure I'm not alone in my chain of thoughts.

LupeBaptista
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In the current economic climate, a home is not the best investment. I've already sold my Boca Grande area home, but I want to invest roughly $200 in stocks since I've heard that even in challenging times, investors may turn a profit. Any excellent ideas for stocks?

Theresaa
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In the early 1990s, when I bought my first home in Miami to live in, mortgage rates were quite high, ranging from 8% to 10%. It's likely that we may never return to the 3% rates we've seen. If sellers need to sell, it might result in lower home prices and reduced valuations. I'm sure many share similar concerns.

KristinPMosher
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NO LIES TOLD 🙌🏾 I got in just under 3% before everything really blew up. I will sell everything I own before I think about moving to keep this house. Thankfully that % made it affordable for a very long time. I can't imagine it being nearly triple what I pay now 😬 Shout to Javier, he helped me find my Reaktor 👍

brnjones
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Buy a house to live within reasonable financial responsibility so that when the market crashes you can buy another one.

captainviper
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I think the problem stems from getting approved for a mortgage based on your gross income rather than your net income. Because my gross income is about $8100/month but after taxes, insurance and retirement contributions I’m left with ~ $5k which is a considerable difference

thecedars
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Renting is more or equal to a mortgage in my area of Ohio. I bought a $135, 000 house on a $55, 000 a year income, my payments are $1200. We also have a 2.5 month old. Wish me luck!

megafan
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Facts and situations are laid out perfectly. I love that you did the time travel to really show how it's gonna look like in the future. This is so helpful for our future decisions javi. This is my favorite video so far. Cool editing and infos are very essential.

charliejohnson
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Living below my means allowed me to buy my current home during the last downturn while keeping my first home and rent it out. Downturns can offer opportunities.

hwoodist
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Our area is still pretty hot right now. My neighbors’ home was under contract in one week. We live in a desirable suburb and a lot of people are still trying to move here. We fought so hard to get our home in 2021 and I’m so thankful we got it when we did because that 2.7% interest rate is amazing. So far, although we overpaid by 50k, our home is still worth more than what we paid for it years ago. We are here for the long haul!

vcolozzi
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Thank you for this. I've been thinking of buying above the 30% income rule and kept thinking it was a bad idea. This really helped. Going to keep saving money and getting ready. It's not a race.

lastup