Who Can Actually Buy a House Now... If Nobody Can Afford A Home?

Who Can Actually Buy a House Now... If Nobody Can Afford A Home?

#realestate #finance #investing

🏡 Welcome to a thought-provoking exploration of the current state of real estate and the unaffordable housing crisis that has gripped the nation. If you're wondering who can actually afford to buy a house in today's market, this video is a must-watch! 🏡

In this eye-opening video, we dive deep into the world of real estate, home loans, mortgages, and property ownership. With the housing market seemingly out of reach for many, we'll uncover the truth behind this crisis and discuss potential solutions.

💰 Discover the shocking reasons behind the unaffordable housing crisis.
🏠 Learn who is buying houses and why some investors like BlackRock and Blackstone are dominating the market.
💡 Explore how money and history play a pivotal role in shaping our current housing landscape.

We'll also provide valuable insights into:
🤔 Strategies on how to afford a house in today's challenging market.
🏦 The importance of down payments and innovative options like the Zillow 1% down payment program.
🏢 Real Estate Investment Trusts (REITs) and how they can help diversify your investments.

But that's not all! We'll delve into the rent crisis that's keeping many stuck in their parents' homes and discuss the impact of private equity housing firms on the rental market.

If you're concerned about the future of housing and want to gain a better understanding of the forces at play, be sure to hit that "SUBSCRIBE" button and ring the notification bell 🔔 so you don't miss any of our informative content!

Join the conversation in the comments section below and share your thoughts on this pressing issue. Don't forget to give this video a thumbs up if you found it insightful and share it with friends and family who are grappling with the unaffordable housing crisis.

Stay informed, make informed decisions, and together, we can work towards a more accessible and equitable housing market for all. 🏡💪 Disclaimer: These are my opinions and not the opinions of my employer. The content shared in this video is for entertainment purposes only.

[roxibatmanmeow]

Never owned a house renting is my thing ! Same landlord for years is true to me! I've been blessed no repairs no regrets!!!!😁 Thank you advance God.

[VroodenTheGreat]

The house that I bought in ATL for $300k in 2005 had a payment of about $2500. To buy that house now, the payment, even on a 30 year, would be $5200.

[boneytiger]

Just stack some cash and have patience. I did this a few times and never regretted it.

[GospelOutside]

If taxes are involved, you will never own your home. It has a ball and chain around it.

[elicastle]

People are paying 50% or more on rent alone not allowing people to save for a house or much of anything. So housing in general is crazy right now.

[lizc.]

I had a friend to tell me sonce my rent is slmost 1400.00 for a bedroom i should buy a house. . I said where??? 😅😅😅 in the loe incone area?? No thank u!! I dont have to factor in no extra cost for repsirs, worry about property taxes adding up. I am good with renting!!

[anniesshenanigans]

I make a really good salary and the mortgage is ridiculous!! I bought a small house 2/2. OLD house. Nothing fancy. Almost 400k in SWFL. 4 years ago this house was about 150k. So you tell me if this is ridiculous. Only reason I was able to is that I sold my prior home and had a lot of equity (pre covid).

[margaretlangford]

If you rent instead of buying a home you are throwing away that much money every month repairs would cost less over the years so your buying a home for your landlord making him able to always have money coming in every month making him rich

[jaysmusic]

It’s pointless watching any of these real estate channels unless your rich it’s a wrap

[shortstraw]

I make more than 90+ percent of Californians and can't afford a home in my area. Like not even close

[Jack-Surreal_Panes]

DVs can. VA loan with 3900 tax free. Almost all 100% types still work full time jobs. Most buying homes I work on are Dv work and retired. They all got $$$ to burn.

[bbdj]

You would be insane to be a first time buyer at these prices, and in this changing environment. As soon as it becomes a buyer’s market, and it will become a buyers market, inventory will not a problem. Wait 12-24 months. Prices will be much much better.

[paulbrungardt]

If you voted Biden/Harris, Y'all voted for this !

[phipsdeus]

The only people that will be able to afford to buy a house are people with financial help from family.

[deltaXna]

My gross income is 130k in salt lake city. Im paycheck to paycheck and we aint doing nothing. We have 1 car. 1 cc no loans just mortgages

[jamesharmon]

Who can afford them? Blackrock, Vanguard etc.

[gogiletime]

Do not buy now unless absolutely necessary. Now is the time to save and be ready when prices come down

[naturalsouthernbelle]

Everyone likes to blame home buyers who got low rates and says "oh their not selling so that's why there's no houses." How about all the million dollar companies that bought thousands of houses and jacked up prices. Raise the taxes on these companies vs the middle class.

[common_cnts]

Im closing on December 4th for a $460K house. Just sayin. Even then there was a bidding war on it with 3 buyers. There is still a very low inventory and bidding wars on houses right now even at 8%. Also, in my area, which is a good area with A+ top schools, there are entry level houses on the market under $250K. 3 br, 1, 700 sq ft, 3 bath, attached garage, normal fenced in yard, built in the 70s. The surrounding neighborhoods are all at $400K to $600K. This is an island of lower cost houses but they exist. At 8% interest, the monthly payment with taxes, insurance would be $2, 000 a month which is the exact same as what it is to rent these houses. You wont get your dream house, but there are still houses in great areas that normal people can afford.
At this point, anything under $500K will stay the same high price. Prices wont drop. Once rates start going down then these houses will increase in pricing slightly.
The only houses under $500K that are dropping in price and not selling are distressed houses that need major repairs or have solar panels on them.

[MichaelBrown-nyet]

Once rates drop, investors will swoop in and finish the job. Unless you’re extremely rich, your not going to own a home.