Housing Market: Is The Bubble Popping?! How Low Will It GO?!

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- TIMESTAMPS -
0:00 Intro
0:33 US Housing Market
5:21 Analyst Estimates
10:39 Canada Housing Bubble
15:54 UK Housing Market
20:33 Final Thoughts

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📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Housing #Property #bubble

[concretenmyveins]

During the pandemic, when interest rates rate zero in Canada, I kept warning some of my friends not to buy houses at that point because they were gonna be in big trouble. Once everything corrected itself. I have at least four friends now that I’m pretty sure they’re going to have to foreclose, it’s a nightmare in the housing industry in Canada right now. Specially, in big cities like Toronto, Calgary, Edmonton, and Vancouver.

[lucasdavidson]

I'm a Realtor in the US and confirm

1. Sales slowing
2. Prices still a bit elevated as sellers hoping they can still capitalize (but starting to cool off)
3. Buyers going through banks all but vanished
4. Not many bidding wars now
5. Houses starting to actually see markdowns/sitting longer

The market isn't correcting so much as returning to the historical mean rate for lending. 0% rates aren't the norm.

[kamikazedude]

As bad as it may sound. I'm hoping for a housing crash and a gold & bitcoin bull run. I'd love to buy a house

[littlebrit]

Fellow Brit here (Little). Whole UK economy was based on buying and renting out properties. This crash will be a point of no return to the economy as we once knew.

[shawnbauer]

I live close to Vancouver and the increase in housing prices have been extraordinary. Foreign investors buy up everything for top dollar and that top dollar just climbs and climbs. Bobble pop has to come eventually and it happens to be good timing for me as someone looking to buy.

[ZorroDaddy]

Hey Guy, well in the US, a 15-20% price reduction will only bring it down to the 2020 prices bud, even a 30% will not bring it down to anything of real crash, unless one bought house in late 2019 an on, then they might be just above the water, depending on the area, location, location story. Miss the days when England ruled the world, days when harmony was around.. cheers.

[Gym_Invest]

After the Housing prices has been sky rocketing for a decade, it's about time to see a hard correction!

[thatwhichis]

So basically we are being forced into that situation where we will own nothing … but of course that’s apparently going to bring great happiness 😒
I’m keen to see who will be sweeping up the mortgagee sales and how that’s going to packaged as a commercial package to ‘save’ us

[lyon]

Living in Vancouver here, the housing prices have been falling but not enough to be honest. The loan people taken out are crazy though and according to my friend who works in the bank, the rates are closing in to people's bust line. Not much of a good news.

[lzbrt]

Oh yes ..lots of for sale signs in our neighborhood...outside of Toronto.

[unaphiliated]

In Ontario, where Toronto is, there are rent controls that make it easier to avoid market fluctuations. But in my lifetime, owning or renting, and I have done both, the difference is where your money goes. Lots of for sale signs in my neighbourhood too, and I am on the opposite side of Lake Ontario. They are beginning to make it difficult for house flipping here as well.

[ZenMasterGee]

I love the concept of your breakdowns, but I would love to hear more about Europe since there is so much content on US markets. Cheers

[DizzyD]

Canadian here. I live 4 hours NE of Vancouver. Prices here are ridiculous. Some 850 square foot apartments are 300k. A small home around same size with a normal size lawn 500-600k

[ryancarr]

Hi there, I'm in the housing market as a builder, everything you say rings true, we have mass immigration which has boomed our market. I'm waiting for it to slow down (or for the bubble to pop) but as of right now it's still full steam ahead.

[devstatingx]

Canadian here: for sale signs are appearing but prices haven't budged. Everyone wants yesterdays prices at today's interest rates. Investors/speculators are delusional or hoping someone dumb enough buys it from them.

[oooollllmmmm]

I own the house in Uk. Luckily we have very little mortgage. In my home country Poland developers already alarming about number of customers declining sharply. A lot of tradesman struggle to find a job. That was one of the first signals before 2008 crash. And Poland was hit hard. I wonder what’s about china’s and Turkey bubbles? Those videos of brand new developments completely deserted remind a lot of images from USA 2008.

[CaptainBlankENT]

As a Canadian, can confirm. Pricing here is dropping, but it's gone up so staggeringly since 2017/18 that dropping by 10-15% from highs still does little to solve the issue. My American family members are waiting and due for a crash, but we're hoping for something biblical. In fact, we need it.

[johnsuekid]

Bring it on. Here in the UK many can not afford sky hire mortgages and rental fees. Big investors keep snapping up availability and renting out raking in big profits

[candycaneunicorn]

Houses in Brisbane Australia has gone up $200, 000 since the start of COVID and the rate rises is doing NOTHING to reduce house prices.

[WDO]

Public schools non fee paying schools in Scotland (and ireland according to an irish person i asked). Fee paying schools are called private schools in scotland.