Is the housing market going to crash? #money #realestate #home #house #mortgage #homebuying

[NicholasBall]

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 .

[Markscott]

The housing market is currently inflated and oversaturated, with homes listed at exorbitant prices remaining unsold for months. It seems likely that our generation will experience one of the most significant bubble bursts in modern history. I'm looking for the best strategies to grow $250k into over $1 million and secure a good home for retirement. I'm 48 years old.

[Susanhartman.]

Keep in mind that during the 80’s people were encouraged to save due to the interest rates. Right now there’s very little incentive to save because those who are saving are watching those who are reckless taking it in. I’ve been trying to save for a home and it’s been discouraging to watch prices continue to not budge because there’s people willing to get into a mortgage where they’re paying 40% of their income. It’s insane.

[SophiaChristian-soof]

I bought a house in 2021. The insurance and property taxes have doubled since then, and now costs more than I ever paid in rent in my life. I feel that I would be better off living in a studio apartment in a warehouse again and investing the money in anything else.

[hypeman]

Someone please save this and post it back on her feed in 18 months.

[matthewnelson]

I'm not gonna buy a house that I can't even afford, a house that sold for 250k last year is now selling for 450k. No thanks

[_davidturner]

I’m a new dad, I moved from Tampa to Santa Clara a few years ago and I’m thinking of purchasing a single family home there, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? Looks like NVDA, TSMC and AMD are still strong buys.

[dragonfoxsolid]

There are new factors. I make six figures but I'm not going to spend 500k on a literal shack. Things are going to crash because millennials aren't going to buy 500k homes that should be 200k

[rsb]

Last time it crashed due to those 2 reasons. This time it'll crash for another reason while we are distracted looking out for the previous 2 reasons.

[Patrick-jxyo]

Homeowners are only “more dependable” when they’re employed. When unemployment dramatically rises, which it will, you will see housing prices drop substantially.

[Greggsberdard]

I don't see housing prices falling much until the supply is increased. In the USA we are short millions of housing units, and we aren't building nearly fast enough. People always need a place to live and we are constantly making new people. Any slight dip in prices unlocks a bunch of buyers who will gobble up that supply instantly. I want to buy inexpensive houses in 2024 and maybe invest in stocks. When's the best time to buy stocks? Some people say they make money, but others say it's risky. Any advice?

[angelica]

This video is a year old and she was right. I have acquaintances saying since 2020 that the housing bubble was going to burst again because of foreclosures and Airbnb restrictions. I bought my house in 2019 then in 2020 refinanced my mortgage to 2.35% I am paying $1080 for my mortgage while these acquaintances are paying $1800 for rent. I spoke with a realtor that was leaving flyers in the neighborhood. He said the only people selling homes in my neighborhood are couples going through a divorce or death from old age. Nobody is going to walk away from a low APR

[Nycuberdriver]

Major layoffs, houses are over valued, housing market gonna crash soon.

[TranscendingNormal]

I think the take away message is this- if you can afford to buy a home (you have savings, emergency savings, good credit, low debts) and you find a house with a payment that is within your budget, DON’T WAIT on a crash. If I had waited for a crash back in 2020 when I first started to think about buying a house, I never would have gotten my home. I’m priced out of my area today, and my home would have cost me double what I paid for it with interest and price increases today. Sadly, that’s the way it seems to be going everywhere. The longer you wait, the more you risk not owning a home at all. So, buy when you’re ready, not when the market is

[JoshB]

People always say, “things are different now.” I know from personal experience in applying for a mortgage that they are not. With FHA they will approve you for a mortgage with a DTI ratio of over 50 percent. They were going to do it for me and I ended up turning it down because I knew I could not afford it. They are now giving out arm loans as well. I don’t think much has changed. History always repeats. This is a little soon but we will see.

[bdubs]

Your right about the reason for the 2008 crash but there are different reasons for recessions. Homes are still being built so the number of houses will increase. With interest rates increasing, people won’t be buying homes because the interest they would have to pay to barrow money from the bank would be really high. The 2008 crash happened because the supply of houses that went on the market increased, dropping prices. What we are seeing here is a decrease in demand. It won’t be as fast as the 2008 crash, but instead a slow ride downward.

[PositionOfPower]

The worst advice I ever heard. I hope your followers look at the markets and look at the past recessions before listening to this trash. Stop listening to these fools. She is telling you to buy at the peak of the market SMH

[WalterFelts]

In 2008 the housing crash was caused by default. Yes, but those defaults weren’t solely based on bad loans. It was due in large part to the greed of banks and their adjustable rate mortgages. They raised the interest rates and priced people out of the homes and caused the default. Then they foreclosed on the homes, kept the asset while the American taxpayer bailed them out.

[angel]

Buying a house of 480K and payments of $4k monthly?..😢..no thanks

[noonespecial]

Now is the best time to buy with current interest rates and inflation at an all time high? Sorry but whoever listens to your advice will end up getting trapped in an overpriced mortgage after the recession goes full steam and thousands of homeowners will be unable to pay their living expenses. Theres much more data to look at than just housing inventory and loan approvals....