'The Housing Market Makes No Sense!' - Why You Shouldn't Buy Right Now | Morgan Housel

[larrypaul-cwnk]

The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people—at least in California, where I currently reside—are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!

[MarkLeonard-xnzs]

The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people—at least in California, where I currently reside—are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!

[tatianastarcic]

Great video! For 2024, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.

[DeeJayDyer]

So sick of people talking about the low unemployment rate, without mentioning the quality of those jobs. The gig economy, the stagnation wages in relation to productivity, it’s so dishonest

[NicholasBall]

I sold a couple properties in 2020 and I'm waiting for a house crash to happen so I buy cheap. In the meantime, I've been looking at stocks as an alt., any idea if it's a good time to buy? I hear people say it's a madhouse and a dead cat bounce right now but on the other hand, I still see and read articles of people pulling over $225k by the weeks in trades, how come?

[AndersonFair-cybb]

I sold a couple properties in 2020 and I'm waiting for a house crash to happen so I buy cheap. In the meantime, I've been looking at stocks as an alt., any idea if it's a good time to buy? I hear people say it's a madhouse and a dead cat bounce right now but on the other hand, I still see and read articles of people pulling over $225k by the weeks in trades, how come?

[philipp]

If you close your eyes you can hear Chris from Family Guy

[kevinellis]

I laugh at these people who think 6k in stimulus checks caused every one in the U.S to stop working for 3 years.

[yodojo]

This dude actually believes poor Americans still have that 1200 dollars from covid. Yikes Tom.

[Galaticape]

For him to say that the poorest benefited most from lockdown is misguided. 80% of Americans live pay-check to pay-check they still had their bills to pay and with the cost of living has eaten up the small amount they were able to save. The wealthy benefited most they weren’t able to purchase their luxury cars, boats, holidays etc so they built up a huge amount of wealth.

[fsuyipb]

It is utterly amazing how convincing a super confident person can sound even when their ideas are trash.

[spaceantelope]

This man believes the statistic on unemployment, so it’s hard to take him seriously. It isn’t 4 percent, it’s closer to 15 or 20.

[cmo]

Cant listen to a guy saying that right now people are better of financially than ever... I know more people struggling now that ever. Good lord anyone these days can write a

[janelbrookshire]

The economy is good? Groceries, fuel, etc etc etc ~ This guy is delusional?

[dianabraley]

My hubby and I qualified for about 350k for a home in 2019 right before Covid hit. So we started looking into 2020 and we could only find very high priced condos and broken down homes. My hubby is a vet and the loan company would not approve a loan for any of those properties- so we were in limbo. So we decided to rent again and we are now in a high rent place 2500 per month and the same houses and condos are now 450-500k. I feel like I’m trying to hit a moving target. Each time I take aim and have my ducks in a row the target moves again.

[edmetcalf]

I believe he is wrong, or has believed the Lie on.the unemployment... it's much higher. Many, including my adult children have stopped looking, as they cannot find a Job where they can afford to go to work & live...

[SteveDutton-v]

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, 000 in stocks since I've heard that even in challenging times, investors may turn a profit. Any excellent ideas for stocks?

[kevinhuffman]

Households are in better financial shape than they've ever been in a long time? This kid is delusional

[KBG]

This dude is clearly not poor. We spent that covid money within the hour of getting it. None of us saved it. He is quite out of touch. Our economic standards did not rise sir, that was the billionaires. A new billionaire was created everyday during covid.

[BPoweredLove]

I've never heard one person go from being correct to wildly incorrect to back to correct so often in such a short amount of time.
1) housing market bubble shall burst 👍
2) unemployment is below 4% (untrue) 👎
3) very high housing market with high interest rates and high unemployment, "everything falls apart" 👍
4) lockdown stimulus "benefitted the poorest people the most" 👎

I'm too exhausted to continue. That's all just in the first 3 minutes...