The most important thing he said was “artificial shortage”.

@mylesgray3470

2 жыл бұрын

True! A lot of people died from Covid yet in the last 2 years all of a sudden we have a housing shortage crisis? Hmmm…

@11nica5

2 жыл бұрын

Yep, artificial is the key word

@derekblades

2 жыл бұрын

I don't think it's artificial

@sanbruno6010

2 жыл бұрын

PROSPERITY BONANZA

@TheLanternZ

2 жыл бұрын

@@derekblades you must be a moron not to even be optimistic on todays mortgage prices

It’s a completely artificial boom anyways. Something has to give. You can’t have higher interest rates, higher home prices, and stagnant wages.

@500stoney

2 жыл бұрын

Yes you can, it is called stagflation and inequality, which is exactly where the US is headed

@complexitysimple1769

2 жыл бұрын

@@500stoney You are right, but I hope you are wrong. Stagflation can also have major negative impacts on the overall economy, and based on this idea, I hope it doesn't keep headed that way. I mean, even the billionaires will suffer.

@sealisa1398

2 жыл бұрын

Yes you can….recall what the folks in Davos said “you’ll own nothing and you’ll like it”. Most will be able to only make minimum payments which amount to interest fulfilment only.

@B_B-420

2 жыл бұрын

@@complexitysimple1769 Billionaires will suffer? So they'll only have like a measly $750 million in net worth instead of a billion dollars? Oh, the humanity... What incredible "suffering".

@SgtJoeSmith

2 жыл бұрын

stagnant wages? wages are shooting up faster than anything. thats whats causing higher prices. everyone has more money so money is less valuable.

I know people personally that purchased a house and many of them are screwed. Buying a house you can’t afford (above asking price) is plain stupid.

@blardymunggas6884

2 жыл бұрын

Are Americans so poor that they build homes from woods?? Amazing. In Asia, wood house are for those who can’t afford bricks

@ThejeffJr8

2 жыл бұрын

That’s why you get roommates and house hack

@quantumtechcrypto7080

2 жыл бұрын

Add in extra idiot adjustable rate mortgage. Bankers win again.

@barano9729

2 жыл бұрын

Some are inexperienced buyers perhaps too young to remember what happened from 2004-2008.

@thatisabsolutelykooooge2211

2 жыл бұрын

Asking price is irrelevant. Everything else you said was correct.

If there's such a shortage of homes then why don't we see huge salaries offered to construction labor?

@screaminseaman6121

2 жыл бұрын

The shortage is on "Affordable" homes. With the average single salary being 45k a year, most people cant keep up with sky rocketing housing costs.

@sanbruno6010

2 жыл бұрын

PROSPERITY BONANZA

@CaliRepublic77

2 жыл бұрын

Because building a home is 99% zoning, permits, architectural design, engineering, permit management and 1% construction labor

@ryanwalker9842

2 жыл бұрын

Too many foreign groups like Black Rock and other groups coming in and buying up the market and driving up the cost. They want to drive up housing prices and then force us all to rent back from them

@ryanwalker9842

2 жыл бұрын

@Senior Housing Analyst when will the housing market cool off and prices come down then?

I'm glad a billionaire can explain to me how bad this environment is. Beautiful.

@brianoleson9224

2 жыл бұрын

my thoughts exactly i cant tell you how many shows ive seen interviews more then 10 without thinking and no interviewer has said" we could see 2008 situation" i was shocked in this video they disclosed that

@PostprandialTorpor

2 жыл бұрын

“It’s bad guys…I may have to sell a yacht !”

@LillyAnnHouston

2 жыл бұрын

Ha!

@sanbruno6010

2 жыл бұрын

PROSPERITY BONANZA

@243wayne1

2 жыл бұрын

+Debbie Tucker- You're not very smart are you? I can tell.

I am totally sick of getting junkmail ,texts and phone calls to sell our house. We are also getting calls for a free solar panel roof which we didn't look into. Many forests are getting cut down just for junkmail.

@tgwoolshire

2 жыл бұрын

Just remember they'll may be getting cut down for paper but they are replanted to do it again. Trees for paper are a renewable resource.

@BiteTheCurbNow

2 жыл бұрын

Same here in Michigan. I bought for less than 100k each (2 houses), but if I sold for even DOUBLE...then what? A GIANT interest rate on an over-priced home for my next one? Lose/Lose

@therealjoshuacaleb4873

2 жыл бұрын

@@tgwoolshire yes, trees do grow back. Hemp grows faster. Political that for awhile and come back to me with information on how sustainable tree farming is.

@tgwoolshire

2 жыл бұрын

@@therealjoshuacaleb4873 I have friends that grow trees fir a living, chew on that fact for a while and get some real knowledge other than dope... dope.

@therealjoshuacaleb4873

2 жыл бұрын

@@tgwoolshire I get that people's lively hoods are on the line. But this pot smoking trump supporter knows that hemp is more sustainable for making paper and boxes. What are you even talking about? Let me guess your friends found a way to make a tree grow from sapling to maturity in less than 1 year? If not then hemp has you beat. It will have regrown and been harvested multiple times before your land with trees grows back. It's simple math which if you graduated before 2001 you still learned in school. If you're building houses then there are cheaper alternatives to trees. I'm sorry your friends will have to financially bite the bullet but it won't be that bad, they'll make more money in the end than they were grossing now. I may be a dope, but at least i'm not a close minded fool like how you are acting right now.

Prices have NOT gone down, look around everywhere in USA, housing just keeps going up up up. Not enough inventory.

I own one home bought it in 2012, I wouldn't buy a cheaply made house , pay $350,000 just too keep up with the Jones. Our son didn't have to buy a house, we let him move into our big house and we bought a big 5th wheel. How in the hell are most paying $3,000 a month house payments ? Then bills, vehicle payments, lack of water, not many are going into training for plumbing, electrical, ( the big money is in a vocational school learning a much needed trade ) I see millions losing their homes as more outsourcing, illnesses, divorce, inflation rises even more. Ppl need to learn within their means. Wth needs 6 bedrooms, 5 bathrooms ? I'm a realist, we make decent money and I am happy living in a small space.

@ET-hc4wl

2 жыл бұрын

But rent is going up as well. If you can’t get a cheap house bc investors or snatching what other option will you have? Rent for a 2 or 3 bedroom in a good area can be the same as a mortgage on a $300K home.

@thestayathomedad4240

2 жыл бұрын

@@ET-hc4wl investors are not buying homes..its people literally buying homes and putting them back on the market flipping them lol 😂.you been lied too

@MM-lo9tk

2 жыл бұрын

Lol inflation is already here but its only going to get worse...3k a month is nothing. Soon these homes will be worth millions....why would anyone go into foreclosure when they can sell at a profit. So many of you boomers have no idea what's going on. Do you have any idea how much money was printed in the last three years? The housing market is simply an accurate representation of inflation. I suggest you start looking outside the "mainstream" corporate media.

@sblijheid

2 жыл бұрын

@@thestayathomedad4240 Flippers are investors. Flipping is a business model.

Prayers for all those who are experiencing hardships during this insane market.

Neil didn’t want to hear any of this, similar to the majority of all major news media outlets.

Remember 2008… This is a conversation we should have had a year ago - Too late.

@oldgoat1890

2 жыл бұрын

I can't feel sorry for stupid people. It has been only 13 years since the last crash. None of the people getting caught are right out of High School. Most probably have some college behind them. I hope they enjoyed the vacations, latest phones, new TV, and the fancy new car. They should have been saving for a house down payment. Too late now. They will have to wait for the go around.

@jamesmore2919

2 жыл бұрын

yes i remember 08. no one could any kind of a loan. but houses didnt jump up 50% either.

@lane5911

2 жыл бұрын

Many people tried. No one was listening. They were too busy counting their money over the last year and a half.

@RipleysSanatorium

2 жыл бұрын

Bingo!!

@RipleysSanatorium

2 жыл бұрын

@@jamesmore2919 huh? If you had good credit you were bombarded with credit offers.

There is plenty of housing. It’s just not where the job growth is. This is true in most cities, and it’s true for the country. How do people forget that not long ago, they were bulldozing homes in Detroit? The reason is simple, but fixing it seems impossible.

@juxhinmeminaj3446

2 жыл бұрын

Yes sir, even in the inner cities have plenty of empty homes.

@sblijheid

2 жыл бұрын

@@juxhinmeminaj3446 Just not at the prices that the population in general can pay.

@nunyabidness3075

2 жыл бұрын

@@sblijheid where are you talking about?

I love this guy's honesty. A rich builder telling the truth. Refreshing.

@TM-173

2 жыл бұрын

He must be desperate for new builds bc not many people can afford to purchase anymore. Guess he's starting to feel the effects too

@IIIKingsMedia

2 жыл бұрын

I was thinking the same thing!

Congressional law to prevent Blackrock and all the other billion dollar investment conglomerates from investing in median homes. That will help bring down housing to a reasonable price, for first time home buyers. Help out the American people. They can't compete with Blackrock.

@NickMart1985

2 жыл бұрын

No it wont.

@xman-ms3mp

2 жыл бұрын

You’re right but Blackrock probably has alot of influence in congress. I mean Blackrock has been doing what it’s doing without anyone stopping them right now. If anything Blackrock can use their influence to ensure no one in congress passes any congressional law to stop them.

@thothheartmaat2833

2 жыл бұрын

No the American people should live on the street and die of drug overdoses.. - Democrats 2024 campaign slogan

@dirgesinthedark5637

2 жыл бұрын

WEF you'll own nothing and be happy

I am a plumber that just left Chicago's plumber union because I can't find a job. I'm not interested in service work- been there, done that, too old for it. But I'd definitely work a construction job if it was more secure and I was guaranteed 40 hrs. The problem I see is that you're either working 24 hours a week, or you're working your balls off doing service calls. It's so weird what's going on now. I've been at it for 26 years now, and it's a different world from my early days.

@jamesprendergast6429

2 жыл бұрын

I'm a union electrician out Pittsburgh but live in lake county working out of Rockford's local at a FB data Center in dekalb. some of the guys out of Chicago's 134 hall have been out of work in their jurisdiction for almost 2 yrs! Rockford has a lot of work if your unions operate like ours maybe you should sign their book or think about traveling. sucks but sometimes ya gotta do what ya gotta do. Good luck to you!

@soxrule74

2 жыл бұрын

@@jamesprendergast6429 I actually suspended my card to work for a HS district an hour east of you. Been there a year and a half, and I will probably retire there. I spent 25 years in the union rat race, and like the guys you're describing, I would've probably been unemployed for 2 years too, had I not gotten this job. It's a game of survival at this point. Oddly enough, I heard that 134 put up a blow up rat in front of one of Rockford's schools where the maintenance electricians are doing a decent sized construction project. The same is happening where I am, and believe me, I'm not cool with it.

@soxrule74

2 жыл бұрын

@@jamesprendergast6429 I forgot to mention that I was able to travel to Texas I'm 2010. The pipe trades belong to the UA, and they issue travel cards. But i have a family and it would be hard to travel again. I'm fairly happy where I am now, despite making less than union scale. I had to adapt and overcome

@jamesprendergast6429

2 жыл бұрын

@@soxrule74 then cool. best of luck! 👍🍻

@bryangarska3823

2 жыл бұрын

Amazing, I'm a general contractor in Raleigh NC and cannot find enough help. We are 100% wide open

More than half of those new home starts will be in over their head in about a year.

Think of the increase in property taxes that have been collected because of this. There has been an increase of cost of goods, taxes , fuel and now higher interest is at play. By coincidence? Nope.

@joycenagy3140

2 жыл бұрын

True. Already notified we'll be paying so much more come fall in property taxes.

@oldgoat1890

2 жыл бұрын

That is a result of inflation. During the Carter years my neighbor bought his house with an18% interest mortgage. Carter was trying to stop the inflation.

@joycenagy3140

2 жыл бұрын

@@oldgoat1890 True, our first new car was at 16%. Couldn't afford a house until 1989 with 10.5% interest and 20% down payment. These young people have no idea how bad things can really be. Ukraine should be a wake up call to the rest of the USA about just how awful things can really get.

@rociobermudez5026

2 жыл бұрын

@@joycenagy3140 San Diego California just got supplemental tax bill devided by 2 4200$ Each one in oct and 1 in April almost 9k a year in extra taxes 🙄

@godanddevil.5331

2 жыл бұрын

CHANGE PRESIDENT BIEDEN.GET TRUMP OR HILLARY..

Very sound advice . The bubble gona blow this year ! Retired 2 yrs ago worked NYC construction trades electrician for 40 yrs We are taking our money and running the helllllllllll out of NY ASAP

@jglee6721

2 жыл бұрын

I like his explanation of the perfect storm. That's why he's a billionaire and I'm broke.

@ripvanrevs

2 жыл бұрын

Bubble would have corrected 2 years ago if the government didn't pump 7-9 trillion into the economy. Now it's going to blow big. I'm not a billionaire but I have cash to do pretty well when house prices tank.

@obrienortega6942

2 жыл бұрын

Smart move brother. Please get out of NY and never look back!

@magouliana32

2 жыл бұрын

Slot of people left NY years ago thinking same thing, lost hundreds of thousands in equity, easy cash money 10% or more every year almost around NYC suburbs. Cities will continue to attract millions more and expand every decade.

@jglee6721

2 жыл бұрын

@@magouliana32 I buy that. Yes, you can make a lot more money and faster in CA and NY. However, different people have different circumstances which magnified during covid. If you're in these two deep blue states, the money may not worth it if your kids get injected with experimental drugs in order to go to school or being taught garbage at schools. Or if you have a restaurant business in the city where they shut down multiple times, you can go broke too. But generally you're correct about making more money in real estate if that is your goal.

History is repeating itself as usual. I remember this happening in the late 70's early 80's. It wasn't a good time.

@thatguybill34

2 жыл бұрын

Will be 100 times worse this time

@Blah-blah-sure

2 жыл бұрын

It shows you how dumb today’s people are. This happened in 2008 with inflated prices. I just sit back n shake my head at stupidity

@mikeforte7585

2 жыл бұрын

@@Blah-blah-sure ur in the minority....most people forget what they had for breakfast....history repeats itself and most people call it new ideas...

@Blah-blah-sure

2 жыл бұрын

@@mikeforte7585 exactly n that's how this govt fools them. Because of their short attention span

@243wayne1

2 жыл бұрын

@@thatguybill34 - No. It wont.

I own a rental home in New York that I want to sell. Should I wait until my tenants have moved out - or tell them the bad news now?

@rianosherry860

2 жыл бұрын

Get them out first and then sell. I had a rental, gave tenant 90 days notice that I would be selling place at end of their lease. Tenant said no problem, would be out a month before closing date. Sold house, then 3 weeks before closing tenant told me they had no place to go and had no plans to move out. Told them I would evict them and they played the covid card and said go ahead and evict, it will take you 6 months through the court to get rid of me. Get them out and then sell the house so you have no issues with tenants refusing to leave.

@basconevinnie647

2 жыл бұрын

I'm in same boat. don't get emotionally attached. Abide by what the law says usually I think it's 3 mo. I wouldn't tell them earlier unless they are A+ tenants. Otherwise you could have issues with tenants stopping to pay water or electricity bills. I have 1 property I plan to dump while I can but keeping the rest since they are closer. Going to use the money probably to pay off the balance of my current house. Should still have some money left to invest probably into a REIT. Or I may just do the 1031 exchange and put it all into a REIT not sure yet.

@mooreleigh8928

2 жыл бұрын

Offer to them first they may buy it. Never underestimate a person.

@kucheranraina9201

2 жыл бұрын

I’m 60 years old looking to diversify part of my savings say $250k into real estate but I hear it is not a good time to invest in Real estate. Can i get any idea on other options?

@rianosherry860

2 жыл бұрын

@@kucheranraina9201 I would advice you to reach out to Jennifer Elizabeth Boland. Through her you can get strategies designed to address your unique long-term goals and financial dreams.

I love how he says the builders are building few homes as the stats come on the screen showing record highs.....

@katietrotter9374

2 жыл бұрын

Fewer than needed. Baby boomers had a lot of kids.

@ALEXdaG

2 жыл бұрын

Population is higher now than in the 70s which they showed the stat for. So basically equal amount of new homes built today vs 50 years ago. Higher population today

@243wayne1

2 жыл бұрын

@@ALEXdaG -Said Captain Obvious.

@ALEXdaG

2 жыл бұрын

@@243wayne1 was explaining to another person who commented asking what this means

I’m in palm beach county Florida, last week 15 buyers went in to a war over a house owner got 100k over asking price

@ericastephens1062

2 жыл бұрын

Happened to us here in Phoenix and we are glad we took no part in it. The owner got $120k over asking. I bet the winners think they won a prize. Time will tell.

Why not ask if more affordable housing (under $150,000) is even possible any more? I don’t think so, but I would like to hear what experts say.

@MrKongatthegates

2 жыл бұрын

Older housing is usually more affordable and harder to make a profit on affordable homes. New construction there is usually a range, but even smaller row houses are 250k

@myemail5457

2 жыл бұрын

For 150 thousand dollars,you can have mine as is no questions I'm gone a week after the check clears my bank.

@egarza9241

2 жыл бұрын

The Weakening Of Big Bank Regulations Under Trump Is The Seed For The Next Financial Crisis by Mayra Rodriguez Valladares May 22, 2019 Forbes

@ricinro

2 жыл бұрын

If you built a car the way they build housing the car would cost hundreds thousands of dollars. The residential home construction industry never evolved like it did in other manufacturing industries.

@oldgoat1890

2 жыл бұрын

@@ricinro Ha! Ha! I did land clearing and logging in the '80s. I could sit up on my skidder and watch the crappy corner cutting when the new houses were going up.

Before the mortgage crisis in 2007, there were too many houses so anyone with a pulse could get one. Not wanting to make the same mistake twice, they figured out how to make money off the existing homes. And here we are. Created a shortage.

@mylesgray3470

2 жыл бұрын

There was no shortage until Covid caused everyone to spread out into their own place rather than packing into a house with roommates for financial reasons. As housing becomes widely unaffordable, we are going back to pre Covid density eventually unless the government steps in again and tells us all not to worry about paying rent/mortgages.

@merovingian688

2 жыл бұрын

@@mylesgray3470 You don’t come up short 7 million homes in a two year period. They got burned in 2007 with too much inventory

@merovingian688

2 жыл бұрын

@@mylesgray3470 If anything COVID deaths lowered the need for more houses

@alvnphmn

2 жыл бұрын

Maybe you should research a bit more. Especially when the millennial generation is reaching the prime first time home buyer age.

@PostprandialTorpor

2 жыл бұрын

@@alvnphmn gen Z is right behind us too. (Elder millennial)

This guy said he sees a reversal coming soon and this reminds him of 2007. I’ve heard enough.

Builders will just stop building if the profits aren't there..

@jasbindersingh2441

2 жыл бұрын

But then contractors will lose work , leading to worse recession , less mortgage applications more defaults and prices going crashy crashy

@favor4afavor823

2 жыл бұрын

Worked out pretty well in 2008 didn't it?

@jasbindersingh2441

2 жыл бұрын

@@favor4afavor823 it did . Prices did drop. Good year that was

@favor4afavor823

2 жыл бұрын

@@jasbindersingh2441 yes, prices plummeted because turning off 1.6 million home builds is not like flipping a light switch. Maybe I misunderstood what you were implying in the origin comment, feel free to clarify.

Vote to get rid of Biden, AOC and the Squad in the next election 🚙🚙🚙🚙🚙🚙👍👍👍..Let's Go Brandon!!!🤢🤢🤢🤢🤢🤢🤢🤢🤢🤢🤢🤢🤢🤢

@leekh-a3933

2 жыл бұрын

😂 hope trump come bac or Ron desantis 🗣💀 they’ll make things worse fr . I pray they win

@godanddevil.5331

2 жыл бұрын

CHANGE PRESIDENT BIEDEN.GET TRUMP OR HILLARY

“That which can’t continue, won’t.”

In summary. Refuse to pay 99% of your salary to pay for place to live.

We already have the housing lotteries I'm Phoenix. I'm waiting 6-18 months for a 33% price cut. 👍

@dpizzy99

2 жыл бұрын

Yea ok watch all the investors with cash waiting on the sidelines to buy them all up😂😂😂

@Jack-russell103

2 жыл бұрын

@@dpizzy99 yup and favors dollars will be eaten up by rent and inflation

@terrygross7390

2 жыл бұрын

BUT NO H20. Arizona overbuilt poor wages.

@baahbyjoe4850

2 жыл бұрын

It’s going to fall through the floor. Everyone always thinks every cycle is different and it’s not.

@SamuelClemente7718

2 жыл бұрын

I bought in Phoenix in 2016! I GOT LUCKY

In 2019 we had a really bad real estate bubble. We delayed it by reducing interest rates due to the consumption crash in 2020, but now we really shot ourselves in the foot due to the Fed. When you hold back a problem it gets even worse. This will snowball and crash in 2025 likely. The first recession warning came in 2005 during the last bubble and the warning just came a few weeks ago with the 2 year 10 year inversion.

@sblijheid

2 жыл бұрын

The low interest rates didn't really fuel this bubble. There are so many cash buyers out there that people who want to get a house with financing can't even get it. The bubble was fueled by a housing shortage courtesy of pandemic related regulation and over regulation.

@williamcheung6235

2 жыл бұрын

@@sblijheid Regulation dealing with part of the foreclosures definitely contributed to 25% of the problem. A lot of new homebuyers got into the market because of the low interest rates. They really got a steal due to the low interest rates where Jay Powell really help fuel the purchase of Mortgage Backed Securities to hold up the economy in 2020. New homebuyers accounted for 34% of volume sold in 2020 outside of cash buyers due to the low interest rates set by the fed hence the premiums paid on new homes.

@Damon-qt3fw

2 жыл бұрын

@@sblijheid I think hedge funds and/or investment firms are buying a lot of properties too. That is screwing people too

@maggie_codes

2 жыл бұрын

Completely agree! I saw the bubble too when I first moved to south Florida mid 2018

Las Vegas is so over rated.

A perfect storm caused by politicians. It’s time we let them know they serve us and not themselves

@SzymczykProductions

2 жыл бұрын

Lmao you're not going to do anything. You'll sit on your couch, watch TV, go to bed wake up and repeat. You're a lazy American.

America is about to melt down like never before making the great depression look like a day at Disney.

@at5840

2 жыл бұрын

Naw

@ThePathOfLeastResistanc

2 жыл бұрын

This is going on all over the world not just in America

@Blah-blah-sure

2 жыл бұрын

Yikes. You mean like today’s woke Disney? Oh! That is bad.

@Buggu3

2 жыл бұрын

Facts

@Buggu3

2 жыл бұрын

@@ThePathOfLeastResistanc America is the world😂

1980 crash was pretty bad. Mortgage rates were 18%. I know. I had one.

@logan594

2 жыл бұрын

Yep we will be at over 10% by end of next year

@sanbruno6010

2 жыл бұрын

PROSPERITY BONANZA

Commercial Property is the real crash this country will face. Working in a commercial office is no longer needed and the price of these office buildings will crash. Sell now

@rcppop3090

2 жыл бұрын

Man I hope I can afford to buy one when the time is right. Unfortunately I’m in the business of construction and when times are good I’m making money it prices are high and when shtf I’m not making any money and can’t afford to buy. I just can’t seem to get my timing right and this game is rigged.

@shakazulu3594

2 жыл бұрын

Yes! Absolute disaster is on the way!!

We live in the goofiest world ever.. unaffordable housing for people is a booming investment..

When cavuto outed himself as the democrat he has always been, i stopped watching.

@tahoeclay

2 жыл бұрын

What a moron you are. Dude simply conducts an interview and you can’t handle someone else’s unvarnished data based opinion.

Finally someone using the correct word: "artificially". The only thing he said that I don't agree with is: "we're in the middle of a perfect storm", in my opinion, we're exiting it, and all the factors he mentioned are going to flip. Once inventory flips, hold on to your hats.

@CC-bq7wk

2 жыл бұрын

Seriously you think that we are exiting a perfect storm? The Hurricane has not hit yet...

@sinforoso2000

2 жыл бұрын

@@CC-bq7wk so you expect prices to go higher? How do you figure that? The price slowdown is already happening. How is the market going to sustain price growth when every 1% increase in interest rates takes away 10% buying power from already stretched buyers? In the next few months you're going to see the oportunists and the speculators cashing in and running for the exits. The ones who bought recently you'll hear complaining they're underwater by year's end.

@miraclemile837

2 жыл бұрын

@@sinforoso2000 I agree with CC, the reason being that people are going to try their best to secure a home. FOMO in other words. I'm seeing homes being purchased in my area in less than a week, this is because they know that the interest rates will more than likely will not come down to these rates in the next 5 to 10 years. However, what they dont realize is that right now is the absolute worst time to buy, because home prices will increase since inventory will slightly shorten. Then in the next few years, prices will decrease once inflation arrives, then they will have negative equity but will be stuck since a large amount of people will be in the same boat trying to sell their homes.

@biggmatt65

2 жыл бұрын

Let's not forget our dollar is falling at the greatest rate in over 40yrs. That will have an effect on current prices. Like prices going up and staying there!

@sinforoso2000

2 жыл бұрын

@@biggmatt65 That would be possible if salaries go up at the same rate and stay there too...

I bought my house in 2019 and am still here. My process was easier because the owner had died and a friend told me about this place it was $51k and I could assume a mortgage that had a little over $23k at 3.92% (a heck of a good rate back then). I had cash for the rest of the payment. I could have paid cash, but my Investment in crypto was paying over 30% at the time. Since I assume the mortgage there was no inspection required. I had a good lawyer friend take care of getting me in here. I was never interested in living in a different place. This one was just right.

@whatapp-lv6xw

2 жыл бұрын

Mr Steven is the best, recommending him to all beginners who wants to recover losses like I did

@Scott-melker

2 жыл бұрын

I trade with him, The profit are secured and over a 100% return on investment directly sent to your wallet.

@chillwell5917

2 жыл бұрын

Please how can I contact Mr Stevens? I really like what he does, and I also want to benefit from it.

@crypto-capitalventure

2 жыл бұрын

I also traded with Mr Steven and I must say he makes money making it seem a whole lot easier right now. I'm a single parent and I pay the bills comfortably since I met Steven Joe. he's absolutely amazing and I'd recommend him for any novice in crypto

@Ilme-AALIM

2 жыл бұрын

Personally i traded with more than 3 traders but none as efficient as Mr Steven Joe. Thanks to him I've made remarkable profits from the comfort of my home in the last four months.

Supply and Demand that’s what it all comes down to. When that shifts drastically we will all see it coming.

Bad time to sell home, take the money and then rent ?

@networth00

2 жыл бұрын

So then it's a good time to sell home.

Here’s a question, where are the people under 50 going to get the money for this boom they are calling for? Some of these takes are just blatantly absurd, or blatantly dishonest, or both.

@realtor411

2 жыл бұрын

The same way every other generation has done it; worked at least two jobs, lived below their means, and saved their money so they could make a decent down payment.

@frankparisi4048

2 жыл бұрын

@@realtor411 lol the average home price in America for the last generation sure wasn’t 500,000 dollars. Let me guess, you’re a boomer who still thinks this model is viable?

@realtor411

2 жыл бұрын

@@frankparisi4048 LOL people weren't making $15 per hour at McDonalds with free health care either. Plus mortgage rates were 15%, NOT 3% like they have been for the last few years. Contrary to what you think It's never been "easy" to buy a house. FYI I know plenty of millennials that are killing it making bank and buying houses right now.

@frankparisi4048

2 жыл бұрын

@@realtor411 actually, the numbers show that the overwhelming majority of millennials can only buy their first home with the help of a large sum donation from their parents. It’s not what I just believe, its published research. The minimum wage isn’t 15 dollars everywhere by the way. I know we’re on a Fox News post, but surely you should know that the rate of inflation has expanded way beyond the rate of our minimum wage jobs. Since you mentioned healthcare, Mcdonalds charges weekly for the healthcare from their employees, and it doesn’t usually total more than about 2000k a year in benefits. Furthermore the costs for appropriate healthcare are skyrocketing. My health insurance is over a thousand dollars a month. In what scenario is that sustainable? The issue here, is the general public , (particularly the part that did a large part in destroying our economy) is so out of touch and disconnected from the reality that they will believe whatever the talking heads say on TV to make themselves feel better.

@Mr_Banker222

2 жыл бұрын

It’s called work

Homes are now a commodity. Everybody buys homes for investments. When the bubble bursts this time. It will be 10 time worst than 2008.

@fabledreamor

2 жыл бұрын

@@AlBundyy To much leverage. People overborrowed because of cheap interest rates. I know a couple that one home and two investment homes. They are only white-collar professionals. They don't have strong streams of cash flows. Yet, they take on too much debt. This is only one example. And many people I know are doing the same things. Everybody is a real estate investor now.

@243wayne1

2 жыл бұрын

+Phoenix Downs- No it won't.

What do you mean by artificial shortage my dear sir???? Hmmm “oh you mean a created shortage???” The word artificial means fake or not real. Meaning this whole time the shortage was created by our government....

@chimichangas2783

2 жыл бұрын

Yep!

@godsson8035

2 жыл бұрын

Absolutely

The whole regimes system is a house of cards.

@ricinro

2 жыл бұрын

The free market is not a regime. labor, materials, shortages and housing prices are driven by market forces. Don;t kick the dog.

We already have waiting lists. A builder here increased price 15% over 3 month period

@25KTF

2 жыл бұрын

@Senior Housing Analyst where? I’m a glazing contractor and we are continuously facing 15% increases every quarter to this day. ( metal vendors ) I feel that it will slow in the near future but it hasn’t stopped for us

@25KTF

2 жыл бұрын

@Senior Housing Analyst UT

@25KTF

2 жыл бұрын

@Senior Housing Analyst where are you getting your info from? Literally this week, I have received notices from our door hardware vendor as well as our metal vendors, that prices are increasing 15% once again next month.

We bought our house 1.5 years ago for 209,000. Just sold it for 280,000. Before the boom it would have been worth 170,000. We sold high, and are renting until it all pops. We’re paying higher rent, but will buy when prices implode.

I've telling people this for over a year, the foreclosure moratorium created this mess and it's about to get a lot worse once the bubble burst in 12-18 mths. I worked in the industry for over 15years and all the signs are there.

@joannwether9982

2 жыл бұрын

Even if the housing bubble does burst by next year. I do not think the average person will still be able to afford it because everyone will be starving or worse

@kewan2045

2 жыл бұрын

My thoughts as well. Looking to study and save so in ready to buy

Phoenix, Las Vegas, Miami were all hot markets in the 2000s just like they are today and they crashed then and they will crash hard this time...

@timothysnow5

2 жыл бұрын

probably Phoenix and Las Vegas, but I bet Miami will not crash. There's too much migration to Miami, international buyers, and a stable economy in Miami for it to crash. There's also very little land to build on in Miami. However, Vegas and Phoenix don't have these same forces keeping the market up.

@lovecountryfeargovernment8197

2 жыл бұрын

@@timothysnow5 I sure hope what you are saying is right about Miami. Live in Miami Beach since 2014.. At the time it was a stretch.. now, looking strong. I feel you are correct about our market here, now if I was in Detroit…

@Aikynbreusov

2 жыл бұрын

@@timothysnow5 that's what Floridians said back in the 2000s about the sunshine state....ooohhhhh boy, did it crashed hard.....just like the Surfside Condominium........... condominiums on the beach went from $500,000 plus to half price or less during the 2000s crash....

@networth00

2 жыл бұрын

@@timothysnow5 South Florida, Vegas, and Los Angeles all crashed the hardest last time.

@rcppop3090

2 жыл бұрын

Miami is a cesspool

What do you mean in 2007 this is happening real time in New Jersey. Lines to get in houses and houses selling 60,000 above asking price . This is real time current situation. There needs to be a cap on the number of single family homes a big corporate conglomerate can purchase. These giants have unlimited capitol and pay cash for houses site unseen!

@sanbruno6010

2 жыл бұрын

PROSPERITY BONANZA

I wonder how many home builder related ponzi style schemes will surface?

For a small business we pay $1000 month on Indeed and Ziprecruiter and have gotten nothing for 6 months...for the last 2 years.

Due to the shortage of workers? I got my tuition covered, and electrician's license for free. I have a day job, but I freelance installations for 6-8 hours every weekend I put every dollar in a roth ira, and use that account to invest in the markets as well - tax exempt. 6-8 hours of work total on the weekend is paving the way to retirement.

@maggie_codes

2 жыл бұрын

Are you performing electrical work on housing? Are you enjoying your work? Good pay? I’m looking into something new to do for work and just curious.

What about these corporations scooping up all these houses?????

@pamelalima5401

2 жыл бұрын

Yep

People always want what they can’t have

@usa-empireis-dead227

2 жыл бұрын

Housing is a basic human right!

I see more and more bank owned properties popping up on the market. I'd prefer to see a rather substantial downturn. Buy low sell high, that's where I make my money.

@davidcoggin8861

2 жыл бұрын

Not gonna happen. These prices are here too stay. This is not like 2008. The cost of living is adjusting. Just like new houses used to be 80k 25 years ago. I know, I was building and selling them. That doesn't exist anymore. The times are changing.

@jjohnson8977

2 жыл бұрын

Me too can't wait till foreclousers start coming. Buyers are over paying it's not sustainable

@rcppop3090

2 жыл бұрын

@@davidcoggin8861 you’re 100% correct. People don’t want to live in the cities anymore and covid made that possible. I’m in Sacramento Ca and my home value increased $60k in the last 5 months (Jan 2022 to May 2022) I think it’s ridiculous but homes don’t stay on the market longer then a few days. I work in production housing as a concrete pump operator and Teichert is cutting new ground everywhere as far as you can see from the freeway. I don’t know what the downturn is going to look like but we’re still building. The buyers now are corporations and foreign investors. I’m not an economist but collectively the world is holding hands on this one. USA economy collapses and so does everyone else’s and I’m not talking just a recession.

@sanbruno6010

2 жыл бұрын

PROSPERITY BONANZA

How are you going to have an NBA team in Vegas when there will be no water??

I don't see any difference between this and the 2009 crash. I just talked to my one Buddy and one of his kids screwed up big time. They made "A lot of money" selling their house, now they can't find another one in their price range. People are greedy and stupid. Just like 2009 was like the kid's game "Musical chairs". When the music (Money) stops, someone will be caught standing with no money.

@Eric-bh7jy

2 жыл бұрын

The difference is people buying the houses have 20% or more down payments and qualify for the loans with actual incomes.. Completely different

@ripvanrevs

2 жыл бұрын

I think the facts show more homes are being purchased with low down payments. The new Norm has been 5-10% and pay insurance.

@oldgoat1890

2 жыл бұрын

@@Eric-bh7jy No, you are wrong. It was a "two people working" buy and they were maxed out. All us good ol' boys at deer camp saw it coming. We are all tradesman. When you go into a new $400,000 plus house to do a little repair and there are no curtains and a card table with folding chairs in the dining room, something is wrong. My area it was houses over a million just being walked away from. Bad judgement on the loan by the buyer.

@oldgoat1890

2 жыл бұрын

@Todd That is how it is now. We have people from New York buying more than one property because it is dirt cheap compared to their own state or Jersey. Price is relative to area.

@bertblue9683

2 жыл бұрын

And they were also getting adjustable rate mortgages which really fueled the fire when payments went sky high. I don't know anyone today with an ARM but I still feel a housing crisis similar to 2008 coming.

We saw huge gains during 2020 in the stock market and now those stocks have collapsed down to pre-pandemic levels… What do you think will happen to the housing market next? hmmm

@sblijheid

2 жыл бұрын

The stock market is not correlated to the economy. The stock market went up because the government pumped free money into the economy and people spend it on stocks, plus interest was crazy low. That's how the market went up like a hot air balloon. Now there is no more free money coming in and interest rates are going up, so less borrowing.

@garrettbewsy144

2 жыл бұрын

@@sblijheid Everything you just said is connected to the economy. please sit down lol

@joejunior1974

2 жыл бұрын

I bought a home in November of last year. I payed too much for the house, in my opinion, but I got a 3.0% interest rate. If I would have waited for the housing market to cool down, I could find a better deal on a house, but pay a 5.?% interest rate....so which is better? In my opinion, I made the right choice.

We didn't learn in the last bubble. We won't learn from this one.

Housing will die again once Nevada runs low on drinking water.

going back to normal again is what i was waiting for haha!

@manolocalifas6488

2 жыл бұрын

@GR2007 These greedy bastards will feel the pain; and homes will become affordable again! Real estate agents see this coming.

@leslieparmer9327

2 жыл бұрын

Normal is not coming back Jesus is. Hope your ready.

@manolocalifas6488

2 жыл бұрын

@@leslieparmer9327 realistically until He does I like the turn off events

Las Vegas has top most unstable economies in the nation. Wouldn't recommend moving there.

@networth00

2 жыл бұрын

Last time they got hit so hard. I've seen houses recently there priced about $700k that sold in 2010 for $85k. When the economy gets bad people stop gambling and there economy dries up to nothing.

I still don't see how there's a shortage of homes when I see large communites popping up on every corner. I see a ton of vacant homes that are priced beyond the livable wage.

Are things going to get crazy here? "I think so."

Let's just be honest about all this. The RENTERS are going to have to pay for this for the next 10 years. There's no 2008 situation here. Since the federal, state, and local govt allowed unfettered purchases of housing as a means of investment vehicles for the past 10 years, it was all but inevitable. The existing supply of houses has been purchased by investors and now they've cornered the market when very little new supply is allowed/able to be added. There's no solution. I don't see new laws that can stop this. Renters will have to pay or be homeless.

@christianjon8064

2 жыл бұрын

Yeah these houses are passive income schemes now. They just sit on them and use them to generate revenue

@michaeljensen2013

2 жыл бұрын

Renters will have to pay or be homeless OR, as in my case, daughter and family move back into mom and dad's. Trying to save money to buy a house now has gotten worse with interest rates rising on top of shacks selling for 300K here in Maryland. Rent a two bedroom for 2K a month is beyond the means of people earning 20 bucks an hour, like the system is set up for those people to fail. Have two earners with kids in childcare, well, that eats up a big portion of your paycheck.

@christianjon8064

2 жыл бұрын

@@michaeljensen2013 rent is extortion to not be homeless

@stevenshorten6184

2 жыл бұрын

@@michaeljensen2013 Yep that's a great point. Combining households is becoming very commonplace now. If people are in a position to do that, it's a great option. This is taking such a toll on the Millennials and Gen Z who want freedom from their parents and are trying to create their own social lives while building some wealth. Now, these two generations are having to choose between one or the other.

@whattheactual4546

2 жыл бұрын

Steven Shorten in addition to your point, a lot of rentals won’t allow more than a certain number of unrelated people to live together, and some leases like ours won’t even allow your own parents to VISIT for more than 2 weeks without express permission- even though we are paying through the roof. If I remember correctly our lease even specified that we couldn’t have more than a certain number of family members living with us, and it wasn’t a very high number. So in some cases renting with your own family is impossible. So a lot of these property companies really do expect people to do this stuff with very few incomes. These days it takes a minimum of 2 full time jobs if you want to scrape by, and 3 full time jobs if you want to save enough money to leave your lease and move somewhere else.

Supply chain isn't getting fixed.

I've been saying this for 2 months. And who cares if Vegas has a basketball team.

History doesn't repeat itself ... but it sure does rhyme !!

@sanbruno6010

2 жыл бұрын

PROSPERITY BONANZA

Owners and investors cannot continue to charge ever rising above average inflation house prices and rents without seeing the effects on the economy and people being unable to afford the houses. Ohio was an affordable state before they ruined it with rising prices. My ultimate policy is no new mortgages for the next 30 years to make sure that total mortgage debt goes down from $19 trillion down to zero and if after 30 years there are still mortgages out, they need to be paid or somehow taken care of and by then we need to reevaluate the need for a mortgage when house prices adjust to be based on incomes, some people make plenty of income but those a few, the majority don't make enough to afford the payment let alone the house.

@243wayne1

2 жыл бұрын

Yeah, that'll work. Hahahaha!

Seattle will be first city to get an expansion team, based on what I've heard.

@243wayne1

2 жыл бұрын

Watch me not care.

Housing is so out of reach for a single person it doesn’t even make it to the dreams list with out of control inflation survival is the only dream out there if you work

@oldgoat1890

2 жыл бұрын

Ride it out. Rent a room with someone if you have to.

@THEBEARDEDTOOLGUY

2 жыл бұрын

Sold my house back February 18 got a 5Th Wheel live in a RV park $650 per month only Other Expenses is Propane only Use it for heat saving Over $1000 per month compared to a big Old house and living in the HUNDRED ACRE Woods Very Quiet here

@jamesmore2919

2 жыл бұрын

funny with low low payments the same house today is the same payment as one 30% less 5 years ago. kids and fools dont go by vaule but monthly payments. by the time they see what they did to themselves its too late but people just lets them walk away from their responsibilities anymore.

@55points

2 жыл бұрын

check out rural and small town north America. Pick a state and search for jobs in midsized or small towns. Jobs that pay decent, NICE smaller to mid sized homes for well under $90000.00 nice people, beautiful safe living. Great food, fun bars, good schools. See the stars clearly, blue skies, clear lakes. Its just waiting for you. I can tell you Caterpillar (Anchor Coupling), and Marinette Marine, in Menominee Michigan/Marinette Wisconsin , (twin border towns) are screaming for help. Right at the top of Lake Michigan, less than an hour from Green Bay.

@243wayne1

2 жыл бұрын

+Leon Kellerhuis- Watch me not care.

Does not matter ! The rents are so high anyways , even more than mortgage payments .

@briom1425

2 жыл бұрын

@Senior Housing Analyst Southern California rents are very high

@briom1425

2 жыл бұрын

@Senior Housing Analyst I don’t know about Daly City , but San Diego and Orange County is still high up there

When does Las Vegas run out of water?

cavuto is a sell out

2 x 4 lumber at Lowe's today was the normal price. I don't know what he is talking about.

@susannefiore4338

2 жыл бұрын

They're definitely higher here in St Louis

@ttb1513

2 жыл бұрын

Yes, his comment @0:40 about a $12 piece of lumber costing 80-100 is exaggerated, I’d say.

@ripvanrevs

2 жыл бұрын

2 years ago 7/16 osb was 6.70-8.00. It was 40.00 a couple days ago and has been between 40 and 50 the last year. 2 x 4 were 3 a couple years ago and recently 6-7.

@1linkbelt

2 жыл бұрын

@@ttb1513 That guy might be rich, but I bet he has no idea of the cost of a 2x4 stud.

@kcbroncohater

2 жыл бұрын

@@ripvanrevs Where do you live?

Get another job Cabluto!! MSNBC or CNN would be a good fit.

Solution: we need more real estate agents!

@networth00

2 жыл бұрын

80% will be out of a job soon, just like last time.

@ladybug9171

2 жыл бұрын

Love your sarcasm

@WolfieBoostin20lbs

2 жыл бұрын

lmfao and more "investors" too right?

@thomasauslander3757

2 жыл бұрын

If there is wood real estate agents will return just like termites..

Until the supply chain gets better and you can build a house at the same rate before the pandemic, the demand will out pace supply. Less houses will be built. Less people will put their houses up for sale and renovate instead because they will have nowhere to go. House prices will level off but not crash. People will have to save more to put more money down in order to get their mortgage cost down because interest rates will be too high causing monthly mortgages to sky rocket. No more cheap money. These prices are here to stay. Congrats to those who own a house now. Sucks for those who don't...and BTW, renters will be crushed. They will be forced to rent since they won't be able to afford a house, and landlords will raise rent prices to cover the tax hikes of property costs and maintenance.

@christinaperez254

2 жыл бұрын

@Housing Analyst yup.....housing supply is going up, up, up......buying is freezing up....at least here in Idaho

@JustAnAverageCatapillar

2 жыл бұрын

@Housing Analyst 65% of U.S. regional housing markets are overvalued. This includes Sacramento. 26% are normal and 9% are undervalued. Bay Area is undervalued and just south of Sacramento are normal based on market. Makes sense Sacramento's YoY is trickling because of that logic. At the end of the day, it really depends on where you live and how the market looks.

@dcg590

2 жыл бұрын

Well the landlords have been royally screwed for 2 years housing everyone for free so I don’t blame them

@timothydare6007

2 жыл бұрын

@@christinaperez254 mainly cause houses are way over priced here. When we moved here in 2019 you could buy a house for $180,000-300,000. Now they are $450,000-700,000. Greed. It isn’t sustainable.

@christinaperez254

2 жыл бұрын

@@timothydare6007 agreed....bought my two acres with manufactured 3Br2Bath home on foundation in 2012 for $52K..... silly people see $$$ as the market goes nuts.....they are feeding the frenzy and killing all good things "Idaho"

I understand the reason but disagree with the 'perfect storm' analogy. Its not a natural event at all-it is a MAN MADE DISASTER.

Yes please start foreclosing and stop letting people have a free ride

@karmasutra4774

2 жыл бұрын

Agreed …

I am going to have to make a shed home. Pay cash live small but happy

@sanbruno6010

2 жыл бұрын

PROSPERITY BONANZA

People are paying more than what they can afford. I wonder what can go wrong?

This Topic was also '''covered''' by Illuminaughti as well as Some More News. But heres the thing: Coverage is One Thing, but really Tackling the Issue and hard-dissecting Solutions is Another. For that i recommend "Second Thought". I mean, Some More News arguably also has the Intend to Tackle Issues and i like his videos and him not being afraid to cover or criticize any and all, but oh well.

hmm...I know someone here in calif who's had her house on the market 2 months...had to do a 50k price cut, and it still sits unsold

Why is Horton builders buying vidler water co (VWTR) for millions if homebuilding so bad? They getting it too cheap but if slowdown coming wouldn’t they wait?

@markmcdougald2596

2 жыл бұрын

no

Ole dudes give the young guys some bread. Y’all fukin up.

So lift the moratorium. Do these people just magically not need a home anymore? Sure, inventory will increase but the demand doesn't change.

Will be worst than Tornado 😂😂😂

Can someone investigate why Fannie and Freddie added huge pricing adjustments to loan pricing causing second home rates to be almost 2% higher than primary homes. Historically, second homes were always priced the same as primary homes. Why are they forcing lenders to charge more? Is this an attack on people who have money or fear of a future housing crash?

There will be a correction not a crash because banks aren't approving everybody for large home loans as they in 2000s. They are going through applications with a fine tooth comb, credit and finances. I just purchased a house a year ago and it wasn't a easy task getting approved or days coming into closing. I know plenty of people who got denied because of various reasons for a home loan.

@Mike305the

2 жыл бұрын

@KingDollar ask anyone that has recently purchased a house in the last year and so and you will find that it’s not easy as most people believe it is.

@Mike305the

2 жыл бұрын

@KingDollar yea but can’t look at California because the rent control and democrats destroyed that state. Look at Florida where I stay it’s still hot and going no where up because of snowbirds moving down here who will pay anything.

@Mike305the

2 жыл бұрын

@KingDollar I stay in Miami haven’t seen houses drop yet.

@Mike305the

2 жыл бұрын

@KingDollar lies bruh than while they still building condos and houses down here you getting false information.

@Mike305the

2 жыл бұрын

@KingDollar you reading news I live in the place two different things and news are always bias.

Just bought 5 acres one month ago close to where Tesla is building a solar roofing manufacturing plant in loxahatchee Florida, the south Florida market will continue to increase in value

@octaviomartinez2935

2 жыл бұрын

@Senior Housing Analyst yes in south Florida palm beach to Miami

Buy land a have your home built . Neighborhoods are way overrated . HOA are garbage . When we sale our home in a year or two we are building .

@MR.TOYBOX

2 жыл бұрын

@Housing Analyst how would you get burned ? Also you can’t typically buy land for 500 an acre lol 😂

How does cavuto have any credibility?

Well I’m not a financial advisor. But this time around it’s not going to be fun. I would tell you where to put your money besides Bitcoin.But like I said I’m not a financial advisor. So buckle up butter cups! It’s going to be a big big big crash and I mean big

@networth00

2 жыл бұрын

I hope so, but they've been saying that for 7 years now.

A couple months ago new home builders wouldn’t give me the time of day. This month they’re finally starting to return my phone calls and emails. 😂😂😅

Longing for the Eddie Munster-Maria Bartiromo days

They’re going to build more apartments turning would be new home buyers into renters.

@pamelalima5401

2 жыл бұрын

Yes, you’ll have nothing and you’ll be happy… sounds familiar???

@merovingian688

2 жыл бұрын

@@pamelalima5401 Be happy making someone else wealthy. Capitalism

@pamelalima5401

2 жыл бұрын

@@merovingian688 yep the great RES**

@HolyRoller778

2 жыл бұрын

@@merovingian688 It's not capitalism when it's artificial done.

@merovingian688

2 жыл бұрын

@@HolyRoller778 It’s never capitalism’s fault. We just turn to corporate socialism when things go bad. Taxpayers bailing out every company and American. $400 billion stolen in 2020 from stimulus programs. People recite propaganda while getting stuck with over $30 trillion in national debt going into another recession. The American tax paying suckers.

Why would you you're from New York go to Florida you can pay it.