Bank Losses ‘Dwarf’ 2008, Housing Shortage Is ‘Extreme’ | Briton Hill

Briton Hill, Managing Partner of Providence Capital Group, says that the housing market could remain "stuck" and in short supply for a number of years. Hill gives his outlook on home prices, mortgage rates, and stock markets.

*This video was recorded on October 4, 2024

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*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.

0:00 - Intro
0:40 - Housing market is "stuck"
2:30 - Housing shortage
3:14 - Bank losses
7:34 - Mortgage rates to stay high
10:15 - Buyers’ or sellers’ market?
12:52 - Capital borrowers’ profiles
15:17 - Lumber price
16:30 - Construction starts
18:22 - Housing affordability solutions
25:14 - Homebuilders’ priorities
26:15 - Stock market outlook

#stocks #realestate #investing

[TheDavidLinReport]

What's your outlook for the housing market?


FOLLOW BRITON HILL:

[evelynlukmon]

Housing market crisis, health crisis, cost of living crisis, debt crisis, inflation crisis, EU war crisis, middle East crisis. How many crises can a koala bear? I'm approaching retirement with comfortable millions, yet scared of a banking crisis. Where do I best grow my money?

[cmerr]

I live in the Boise, ID area and you can't buy at 5000 sq ft house on 5 acres with a pool for $1M, most average homes on much smaller lots are now $1M...it is becoming the new California. Prices have become completely unaffordable for those who have lived an worked here for decades, it is very disheartening!

[FusunTumsavas-cqtp]

The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income, thus I am looking at the stock market to fuel my retirement goal of $3m, my only concern is the recent market crash.

[meb]

Low inventory? 😂

Have ya’ll checked the numbers in some parts of Texas, Florida, for example.

This “shortage of homes” is PURE PROPAGANDA! 😂😂😂

[MarieCulnan]

Banks don't like bitcoin like taxi companies don't like Uber and hotels don't like AirBnb. I rather spread my funds around for safety.

[cvrart]

The solution to the housing market inventory crisis is a crash in home prices, leading to foreclosures and panic selling as prices plummet. There are plenty of homes - the issue is with "velocity of housing" - catastrophically bad monetary policy by the US Federal Reserve, along with government fiscal policy propping up housing prices (Fannie Mae, Freddie Mac, etc.) have created this problem. If more houses are built but the underlying policy issues aren't fixed, those new houses will in time just get sucked into the same housing black hole. The government and the banks are squarely to blame for this mess. The current system has been corrupted to serve the interests of the wealthy elites. Simple as that.

[allstarlord]

There is a huge credit and liquidity contraction on the horizon. The money supply has shrunk substantially but it is taking longer than most expected to materialize in the real economy and stock market. Most of our money is digital and exists in the form of obligations and liabilities. Once the level of defaults on these loans becomes substantial it will explode the entire system because they will have more debt than cash to service loans and pay back depositors, banks will fail and most liquidity will vanish over night with defaults and bankruptices. Unemployment will follow which will exasperate the problem even further. Stock market will crash as well as housing market.

[SarahJeffy]

The effects of the downturn are beginning to sink in. 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?

[janejohndoe]

Housing shortage is a mirage, because supply has grown faster than population over past decades. The problem is that the vacancy rate is almost 10%, which are 2nd homes (airbnb) and Wall St investments (they don't even bother to rent out). Fed should ramp up balance sheet reduction (aka unprint $$$), and the housing shortage will disappear in no time. Yes, it will cause a recession, there is no free lunch.

[billadama]

I'm confused. He says there's a liquidity crunch but he also says there's lots of cash on the sidelines ready to be invested. Which is it? His only consistent message to my ears is that banks won't lend money so you better go to private lenders like his group.

[annettaboggs]

There's no housing shortage. There's an income shortage

[courtrye]

At 24:20 he talks about the US federal government doing everything they can’t “protect” the housing market because it’s part of the American dream, but it is also an asset that is taxed on a yearly basis. They are preserving that tax base and wealth effect.

[valueinvesting]

mortgage delinquencies will soar soon enough.

[juancpt]

What will happen to home prices when economic decline excellerates, duh?

[dp]

Higher home prices, higher real estate taxes and higher insurance cost. Home ownership is getting more and more difficult.

[JayMomoa-]

People will have to accept reality that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. I now look towards the stock market to fuel my millionaire goal. Sure I'm not alone in my chain of thoughts.

[cryptolatino]

Yeah, right. No wonder many homeowners have been pricing down their homes continuously, 30, 40% and still not getting buyers.

[RayGsells]

This guy is talking out of both sides of his mouth.

[francoisrodrigue]

Interesting, but could not watch the whole thing, the number for add interruption is crazy.