I live in Utah. My brother bought his house for 430k four years ago. They put it up last week for 795k and a California native put down an offer for 910k. That’s insane. It’s unsustainable.

@GrahamStephan

3 жыл бұрын

nuts!!

@TheSterlingArcher16

3 жыл бұрын

This is why I absolutely refuse to even consider buying until the market crashes / corrects.

@juanvillafane9552

3 жыл бұрын

@@TheSterlingArcher16 good luck waiting . As someone who lives in FL and was going to buy a duplex for 180 1 1/2 years ago , same home sold for 295 last week . Shits insane

@lastime77

3 жыл бұрын

In Sac, people are buying homes with cash 100k above asking price. These aren't nice homes either. They're pretty old and worn out homes that need remodeling. Homes without working electricity that need a complete make over are selling for 30k over asking price.

@jpm8002

3 жыл бұрын

@@lastime77 we know....we can’t compete yet either

I'm tired of living through historical moments. I just want normality lol

@Tenacitae

3 жыл бұрын

Sorry to break it to you. This is the new norm.

@PKReyes23

3 жыл бұрын

@@Tenacitae brb while I cry myself to sleep 😭

@daebak7370

3 жыл бұрын

It's going to get worse..much worse. New world order is coming. Global economy will collapse cash will become obsolete we will transition to a cashless society using digital currency via rfid chip implants on hand or forehead aka mark of beast. Vaccine is precursor to the mark of beast. Without this no man can buy or sell. Revelations 13. Jesus christ is coming back for the rapture(this decade) get ready

@PKReyes23

3 жыл бұрын

@@daebak7370 sounds intense... I guess I’ll need to learn to accept the new norm lol 🙃

@AC-wl7ve

3 жыл бұрын

@@PKReyes23 dont accept the new norm.

I have spent the last four years studying, trying not to engage in student debt to be able to purchase my family house, and now this...my dream of owning my home looks far away again.

@dandavid2027

3 жыл бұрын

You're not alone friend

@IFeelLikeAG6

3 жыл бұрын

Agreed, you are not alone

@jordandesigns5797

3 жыл бұрын

No worries mate. I’ll be in my 40’s by the time I can afford a house unless I can get a job in a cheaper state.

@dandavid2027

3 жыл бұрын

Wanna all pitch in for some property and build some houses?

@danieldixon4568

3 жыл бұрын

Feel you! I have given up....even looking and making offers is impossible....

How the hell are first time home buyers, working and saving supposed to get in on this market. Heart is broken

@mushypork2132

3 жыл бұрын

you aren't supposed to, rent, slave !

@Legendary_UA

3 жыл бұрын

You should been around when mortgage rates were 17%. If you can't afford a house now, you never will.

@someguy6075

3 жыл бұрын

You're not. We see once again that protecting assets is more important to the government than protecting mobility. Policy to create excess demand is fine but policy to create excess supply, that's crazy talk.

@mannm8658

3 жыл бұрын

I represent buyers here in San Diego, CA and it's so heartbreaking to see first time home buyers getting outbid with full cash 50k plus over asking. I completely feel for you buyers right now. I try to find as many off market properties as possible so my clients can be the first in line to make an offer without competition. It's tough out there but don't give up!

@hostilehound959

3 жыл бұрын

Same boat. It's been tough.

Next video intro: *graham is in the Starbucks drive through buying an iced coffee* The Starbucks person says “what’s up guys it’s Starbucks here”

@GrahamStephan

3 жыл бұрын

If this comment gets 7k likes, I'll do it.

@MichelleMarki

3 жыл бұрын

Yes! or What's up Lattes, it's Frappuccino here

@b0s3Lemon

3 жыл бұрын

Let’s get this comment to 7k boys

@justina4914

3 жыл бұрын

@@GrahamStephan let’s go!

@k_tess

3 жыл бұрын

^^LETS GO!

Honestly I’m exhausted at this dystopia. I think I missed the boat entirely. I wasn’t old enough in 2008-2013, and now that I’m ready it spikes up. Very disheartening. I think I’m going to experience what it’s like to loose in this system.

@penguin118

3 жыл бұрын

Same case for me... just holding out for a crash /correction. It’s like only responsible people get punished for making good financial decisions

@shanemoto97

3 жыл бұрын

Same 100%

@luciskies

3 жыл бұрын

@@penguin118 honestly everyone is getting fucked hard. But yea, you do "all the right things" and you're still screwed. Neoliberalism doesn't work. :/

@sherhil

3 жыл бұрын

SAME here, it is really painful

@nomadictow3011

3 жыл бұрын

move closer to the Mexican border, you can build a new house in Mexico for about 20 to 30 thousand cash, no property taxes, just make sure you do your research and buy around a decent area in Mexico, if the systems gonna screw you then do the same right back, work in the states and live in Mexico for a fraction of the cost your spending state side

Strange times getting stranger. If you don't own a home, you're desperate to get into one. If you own a home, and especially if you bought in the last few years, you're worried the value might plummet because of how quickly it jumped. If you sold a home, you're worried you won't be able to get back in. The uncertainty is killing everyone.

That river illustration was probably the clearest way to understand the housing market today!!! You should make an illustrated real estate book for people like who don't understand the market that well, LOL.

@JT-zy2ft

3 жыл бұрын

Agreed, I’m currently one of those buyers trying to get a house in the small house pond and it’s ridiculous.

So glad you made this video

@GrahamStephan

3 жыл бұрын

so glad I subbed!

@senseicheems3270

3 жыл бұрын

I drank starbucks😈

@user-cx1dn4qs9b

3 жыл бұрын

@@GrahamStephan gang gang

@512TXSDIY

3 жыл бұрын

@@GrahamStephan Haha

@whiteshadowx0997

3 жыл бұрын

@@GrahamStephan same

Even the garbage houses no one was interested in a year ago are freaking pending.

@patty221

3 жыл бұрын

That happened to my brother. Couldnt sell his house for over a year. Put it back on the market in march and it sold site unseen the very first day over asking. 350k for a tiny home in a bad part of town. He bought it 5yrs ago for 150k!

@eliot5220

3 жыл бұрын

No home is garbage. They just need to be fixed. I just need you guys to keep buying houses that I rehab.

@ChedWick05

3 жыл бұрын

@@eliot5220 "rehab"

@eliot5220

3 жыл бұрын

Everything is pending. I did a test to see the market time in Chicago. 8am made appointment to see a house 4pm it’s under contract. So basically go looking with a couple hundred grand in your wallet.

@Iwish4zombies

3 жыл бұрын

@@eliot5220 “cheaply pass the buck for quick profits” lol been there don’t feel right about it but hey everyone makes money

Sold my house last week. With the profits I bought a house in cash about an hour away in a smaller city. Couldn’t be happier.

@brianmatthews4149

3 жыл бұрын

That's what I am talking about.

@paulk9985

3 жыл бұрын

@Graham Stephen Maybe you could invest some money in classes to sharpen your grammar, spelling, and punctuation skills.

@roselovesmakeup

3 жыл бұрын

Wondered who suffered because of your profits.

@LHJlives

3 жыл бұрын

You cash buyers are killing the rest of us, I almost had a house then some cash buyer showed up and the greedy listing agent convinced the seller to dump us without even a chance at a counteroffer

@cynthiaayers7696

3 жыл бұрын

@@LHJlives sometimes you have to use cash because, what you're buying will not pass inspection. Like in the case of a mobile home. It may not be tied/ fasten down to the land it sits on. Besides that, there's an old saying. Cash talks and bs walks. Is may not help, but there is.

Solid breakdown. This market reminds me of spring of 2018 where the market was absolutely crazy so people were making non-contingent offers for $100-200k over the asking price. In the fall of 2018, interest rates rose to 4.5% and the market slowed to a halt. It created a situation where the peak to valley prices were down by 20%! In a place like Sunnyvale, a 20% differential is around a $300k loss. The prices have recovered since then, but it was a really bad time for short term flippers.

If you don’t own a house, business, or stocks during this pandemic. You got screwed.

@GrahamStephan

3 жыл бұрын

pretty much :/

@supremeleadergeorge1277

3 жыл бұрын

If you had 100K cash right now and nothing else what would you do with it?

@aaronwatts12

3 жыл бұрын

We bought a house and stocks!

@SenorJuan2023

3 жыл бұрын

I've had a limited amount of money in stocks over a year and I'm only around break even.

@stephenoutram3926

3 жыл бұрын

@@supremeleadergeorge1277 buy bitcoin

Making things “affordable” ends up making them unaffordable.

@CaseyBurnsInvesting

3 жыл бұрын

@@tiffany3652 When the government tries to do things that lower interest rates or pump free money into the housing market, prices go up.

@GrahamStephan

3 жыл бұрын

pretty much...

@screwcollege8474

3 жыл бұрын

ur everywhere

@stevenporter863

3 жыл бұрын

Finance an inflated house with inflated Bitcoin. When housing prices collapse, so will Bitcoin. Done. 😂

@Koushi82

3 жыл бұрын

Only way to lower prices is by producing more not printing more dollars Hence investments in inflation hedges regardless of what market does. They can trash gold silver all they want. They are pumping up bitcoin as well for same reasons. Always diversify. Remeber the elites do not work for a living they control income producing assets and leech off production.

This was insanely informative, literally took notes like I was at a lecture lol. Thanks so much for condensing and conveying these principals in such an easily digestible manor. You're the man, man

I feel like a lot of the issue is also fueled by speculative investment groups like Blackrock treating homes like stocks and large landlord groups expanding their rental empires. I fear in the next few decades we will see the death of home ownership outside of corporations and the wealthy. I'm okay with homes being investment vehicles for the middle class, but I think something needs to be done to get rid of investment groups buying these, keeping them empty, or buying up neighborhoods to turn them into rentals.

Instructions unclear. I’m on my way to move in with my tenants

@GrahamStephan

3 жыл бұрын

hmmm

@robertphilip6673

3 жыл бұрын

😆😆😆

@robertphilip6673

3 жыл бұрын

I'm sticking to real estate forever ✅ . I owned my first real estate in New York for $1.5million making turn over plans from my $10,000 capital to a whopping $4.5m with Defolios. This is presently the best thing I have ever achieved my whole life🙏

@billrichie8592

3 жыл бұрын

Seems they added volatility 75 on their plan recently . Saw their post on Instagram @defolios

@rRealSigmaChad

3 жыл бұрын

Me too . Finally what’s the summary 🧐

I bought my first home in May 2020, right when real estate restrictions were lifted (in MI). Somehow we were able to negotiate $2k less than ask. Fast forward to today, buyers are offering $20-30k over ask. While my house has already gone up 14% in value. I am so relieved and grateful I bought when I did, otherwise I could not afford a house for at least another year.

As a First Time Home Buyer, right now has been incredibly frustrating, houses are selling same day for 40-50k over ask, which in turn drives prices higher because it becomes the new comp, the rate of increase in price is insane. Great information in the video!

"the goal was if we can just get through this next year..." If I recall correctly the goal was "two weeks"

@zully2834

3 жыл бұрын

@@user-hm3cx4se6m SCAMMMM

@kevingram3423

3 жыл бұрын

Stop being such a wuss Nathan. Things changed

Next intro: "What's up homeless people, bill gates here"

@GrahamStephan

3 жыл бұрын

:O

@lne9070

3 жыл бұрын

👀

@locutusdborg126

3 жыл бұрын

@@lne9070 I'm the real Bill Gates. You can't just use someone's name as your own. Oh, wait.

@scottward1002

3 жыл бұрын

😂😂😂😂😂😤😤

@emanuelnamseth1469

3 жыл бұрын

I only wish.

Livin' in van down by the river is seeming like what most people are going to afford. Who knew Chris Farley had it right?

@GrahamStephan

3 жыл бұрын

pretty much!

@ryanwalthuis1928

3 жыл бұрын

Going to cost you 250,000 to live in that van down by the river.

@FinancialBeanstalk

3 жыл бұрын

@@ryanwalthuis1928 at the minimum! Then someone with all cash comes in and swoops it from you. Cardboard box next?

@MichelleMarki

3 жыл бұрын

Only as long as it's a Westfalia van with a popup roof

@Lj22

3 жыл бұрын

@@FinancialBeanstalk what’s the solution? Is American dream dead ? What’s next China here we come

Bro you're on that fuckin NYT reporting level and no one can say different. I've been watching since super early because I have great taste, this YT acct was made in 2006. The way you break down, present, slice up info, the choices, wording, etc. I mean there's always things to improve but this is stuff that's so easy to learn here and importantly I'm glad I know about.

Why have the older Millennials just been slammed by the US so dang hard every time we think we have a leg up... it's just like starting all over again. We have been looking for rentals for months and last year around this time the high price was $1000/month. Now it's 1500 and up and that's it.

@DavidEVogel

3 жыл бұрын

Why have the older Millennials just been slammed by the US Inflated home prices hurt everyone from 20 to 60. Not just "older Millennials."

@kittiemarie1235

3 жыл бұрын

@@DavidEVogel a lot of people who graduated High School in the last 10-12 years were hit almost immediately with a recession and then by the time those same individuals who were establishing good enough credit and finally getting jobs after being denied for so many jobs, financial stability, etc. were just now getting into a position of being able to save. College didn't even guarantee an actual job to anyone and most people wound up finding jobs that had nothing to do with their college studies as a result and are still paying off student loan debts. I never excluded other generations from being hurt by home prices, I never said it was ONLY older millennials. I simply said that older millennials have been slammed multiple times by multiple issues and that doesn't just include financial/job related ones. I'm not narrow-minded enough to believe that just older millennials are affected. My point is this: Older millennials have had a hard time just finding jobs even with college qualifications and when things begin to look up they take a very quick nose-dive. 9/11, recession, and now a pandemic that is gradually crashing the housing market. It's just been insane, and it seems often times that millennials are just labeled as lazy losers who think they're entitled to things. You don't have to agree with me as this is my opinion it is simply that. My opinion.

Boomer: When I was your age, I bought a house 🏠 for 5k and worked my way through college. Millennial: A house costs 10 bitcoin now.

@Koushi82

3 жыл бұрын

Boomer needs to go boom

@TH-uw9py

3 жыл бұрын

You can't even buy a burned-down crackhouse in Compton for 5k these days...

@AC-wl7ve

3 жыл бұрын

that banks have totally fucked us.

@stevenalcorn4955

3 жыл бұрын

In 2016 10 btc was like 5k. Think about that

@stevenalcorn4955

3 жыл бұрын

40k at a point in 2020

Just got my real estate license because of you! Love the content!

@GrahamStephan

3 жыл бұрын

thanks so much, well done! congrats!

@wambacwm

3 жыл бұрын

It's a great time to be a real estate agent! There are twice as many agents as there are listings for sale currently! ;) Good luck out there 🤞

Woooooo 40 years!! I’m in 🙌 keep us posted

Thanks for the info. A change from 30 years to 40 years would only lower my monthly payment by about $150.00, so not worth all the hassle for me. But I'm sure it will have a huge impact on the housing market if this is implemented. Appreciate your bringing it up.

at this point it might just be cheaper to buy a plot and build a new house there lol

@SUHVAGE

3 жыл бұрын

You seen the price of wood? A 2x4 was like $2 before all this, and now its $6

@LifeofKairo

3 жыл бұрын

Building materials have risen sharply too 😉

@thanatos2142

3 жыл бұрын

@Graham Stephan nice scam bot...

@gracegardone350

3 жыл бұрын

@Graham Stephan scam

@ridingwithdan1337

3 жыл бұрын

Building your own house at this point is about 4x the cost of just buying one. It's really some wacko times!

I’m a go cry now with my perfect credit score and 20k down 😭 😭 😭 😭 it’s worthless these days

@oscar25090

3 жыл бұрын

@@grahamstephan2214 I can imagine the saliva dripping off your face when you seen that commenter mentioned 20K.

@harrys5925

3 жыл бұрын

You might be able to get a mobile home if you try hard enough

@cynthiasalcido8661

3 жыл бұрын

@@DavidEVogel I live in Southern California 😭

@ChrysCardoso

3 жыл бұрын

Bro same here😭 Cali is too expensive but I don’t want to leave 💀

@blakerich5804

3 жыл бұрын

20k is not only worthless. 100k is completely worthless. Let’s just be honest.. the USD is becoming ever increasingly worthless. Millennials will probably be able to ride the remaining wave.. but the next generations? They have some hard, hard, HARD times ahead... storms clouds are on the horizon in America. Start preparing and get ready.

This is probably the most important and relevant info on RE for 20-21

I really have to admit. When I first came across you on the internet years ago, I thought you were a joke, a modern day YT Carleton Sheets. But in the last few years/months, your videos have been insightful, much more transparent, and really entertaining. Keep up the good work.

Me: On track to buy my first home in just over a year. Graham: Soooooo about that. Your killing me man, lol

@GrahamStephan

3 жыл бұрын

:(

@TheHouseElf

3 жыл бұрын

Same... and even with hiked prices, houses are selling in a matter of HOURS in my area. I text my agent as soon as something goes up on Realtor because I don't want to miss anything. Can't afford to.

@ryanmurphy7300

3 жыл бұрын

Soldier style sleep In the street save money lol

@manictiger

3 жыл бұрын

As someone that just culled my real estate empire (non-paying tenants, too far away for timely maintenance and defense), there are other ways to fight inflation. In my opinion, grab a 50 gram bar of gold at 1750 with cash for getting in at 1700 and 1650, if that ever happens again. It's nice to have 150 grams of a currency that has been used by kings, lords and priests for around 6,600 years. There's also ammo. Again, you're a little late to that party, but it's nice to have your foot in the door on that. There's 570ck5 of course, but do your EDGAR earnings and price-to-book due diligence and have a strategy that allows you to grab more if it careens downward 60%, just in case. The only drawback with your situation, is that you can't buy a crap ton of awesome tools and then call them landlord expenses.

@rogerrinkavage

3 жыл бұрын

Same here 😕

I’m so done trying to buy a new house. Total tear-downs going for 800k+ in my area and under contract in 1-3 days. Guess I’ll die in this condo.

@sunnyd4734

3 жыл бұрын

You might be better off. Houses are money pits when you consider ALL expenses.

@masterofceremony3728

3 жыл бұрын

At least you have a condo👏👏 I'm in your same shoes I'm renting mine and renting something bigger🤷‍♂️

@kaiseriv8483

3 жыл бұрын

Better than living at your parents house

@Guerrilla727

3 жыл бұрын

Currently selling my condo to pull all profits out. Gonna rent for awhile and Yolo it

Thank you for this video, you explain everything exactly to the point without any bullshit, and everything I need to know with all the updates,

I’m at peace knowing that I will never own a home. Be happy for those people who are fortunate enough to live indoors. Life is Short🙂

@janityy

3 жыл бұрын

I've been saving there are nice homes here for 40,000 to 60,000 . I'm trying so hard I've been saving for years , I was crying so hard the other day I drive by and people have homes it seems like a fantasy world to me but I pray it can become my reality

@kiturselassie813

3 жыл бұрын

U will..the laws of life dictates that what goes up must eventually come down .

@janityy

3 жыл бұрын

@Graham Stephan but I'm a poor person r u serious ok wow

@froggieprincess675

3 жыл бұрын

@@janityy It's a fake scammer account, not the real Graham Stephan...they're just using his identity. These bot accounts have been really bad on various youtuber channels with decent followings. The real accounts would have a gray box around their names, the fakes ones don't.

@bigvalley4987

3 жыл бұрын

@@janityy it seem that you are living in an affordable place than you in the area that I live. San Diego CA.😔

Housing so crazy gonna have to move into a 1 bed 0 bath cardboard box for 0 down 😂

@GrahamStephan

3 жыл бұрын

I know a perfect spot by the 405 freeway!

@THE-NC2

3 жыл бұрын

Lol

@upstateNYfinest

3 жыл бұрын

0$ in utilities if u syphen power off of the local traffic light (i know a defendant who pretty much fessed up to doin that lol)

@MichelleMarki

3 жыл бұрын

Shipping carton tiny houses!

@rhenaferguson1435

3 жыл бұрын

😂😂😂

How nice. Savings Money for years to buy a home. And the government just says "screw you will drive prices up 50% in a year"

@stefamily

3 жыл бұрын

:/

@GrahamStephan

3 жыл бұрын

:/

There are more ads in this video than houses for sale 🤪👏

Me who is gonna be looking into houses in a couple years- “well tents are pretty cool”

@metalmike570

3 жыл бұрын

and used RV's, haha!

@Koushi82

3 жыл бұрын

@@metalmike570 van life for life😆

@20010rivera

3 жыл бұрын

Tents are expensive too

@metalmike570

3 жыл бұрын

@@Koushi82 Oh get a big van and go to the west coast; sounds good!

@Koushi82

3 жыл бұрын

@@metalmike570 already there going for a masters rn. I see college kids living van life. Some are giving up on renting. The ones that have no choice are the peasants with children. Us single peasants can live in vans cause we don't have children but then it's much harder to date anyone as a guy living in a van. Best for money bad for dating life. Saves even more money though 🤣.

We bought a home. The seller was stoked to get a new home The seller is still looking for a home, lol

@GrahamStephan

3 жыл бұрын

yikes!

@mogetit5999

3 жыл бұрын

Exactly I’m wondering about all of these folks selling their homes to make a nice profit what they plan on doing. A lot of them are requesting 60 day lease options in my current experience

@jay851038

3 жыл бұрын

Haha! Congrats on your new home. Like your sellers, my in-laws were thinking about selling their home to take profits, sit on the sideline until the market drops and then reenter. Trying to time the real estate market.......if only there is such thing as a crystal ball. From investing in stocks and cryptos, I've learned to never time the market, impossible.

@modelsupplies

3 жыл бұрын

Careful, they may not want to leave! Pull a “Pacific Heights” on you! 😅

@masterofceremony3728

3 жыл бұрын

@@jay851038 I'd sell and rent asap

That river analogy is perfect 💯💪🏾

As a buyer in this market right now, it's absolutely insane. No contingencies, some people are even waiving inspections, and the mass migration of rich city people moving to more remote towns (therefore outbidding all the locals by like 50-100k) is just impossible. I've come to the conclusion that I don't care if my interest rate goes up but I DO care if I have to pay 100k over asking price for a house that isn't worth that money. I can fix an interest rate, I can't get back $100,000. That's just sunk.

This is Absolutely outstandingly remarkable.

Not just homes but land also. New home developers are buying up massive acres of land and building these huge expensive houses. Land alone is super expensive in most areas.

@rs72098

3 жыл бұрын

When they have to pay property taxes and pay to maintain the land, and have no buyers, no renters, then they will realize their multibillion mistake. The government wont rescue them like in 2008. US demographics are slowing and more political parties are forming. The rich don't always win. Ask China.

What's up Graham bro, my first time catching your vid after recently posting. You inspired a brother to get into Real estate and I'm all the way from South Africa lol

Another major factor at play that would help the whole situation is making it easier for people to build new houses. Not only are the cost of building materials at record heights, but state and local ordinances all over the country are in place to prevent affordable housing from being built, as it would theoretically bring down the value of surrounding homes owned by older residents. This one's probably the most difficult to fix of all, as the voter base is old, and almost nobody is ever going to vote against their best interest (or at least what they assume their best interest is).

Very very glad you made this video.

Thanks

@magaman3048

3 жыл бұрын

See! MrGunsngear I find you in the comments all over KZread. We should be BFF’s.

I’m so exhausted with all this chaos and drama we living now a days, I wish so bad I had a time travel machine and go back to the 90’s play my Nintendo and forget about all this nonsense! 😏

@joshuaevora2162

3 жыл бұрын

@@DavidEVogel unfortunately you are right!

Well guys good to see you back, it’s just been Graham on the other videos lately 🤙🏼⛽️☃️

Awesome content in this one. Thanks for your contribution.

That 2.8% underwater percent is BS. Every person who skips the appraisal and pays 50k over asking is underwater on Day One. They owe more than what the house is REALLY worth.

@paceline

3 жыл бұрын

@@DavidEVogel The increased cost of materials, added incentive to buy due to interest rates, the small supply, the oversized government safety net, and soon-to-diminuish calls to work from home are driving the higher perception of value. Once those factors go away, the perceived value of the homes will go down. More so if there's a housing crash.

“What’s up Graham, it’s guys here!” 😂😂

Keep posting vids, Graham! Thank you!

This is way more helpful than school. Thanks for all of the insight

I legit thought you were gonna say, "Every few months, there's a new major shift in Graham's KZread intro"

@GrahamStephan

3 жыл бұрын

:P

Everyone made “prices will crash in 2021” videos last year and it scared me from buying one and now I have FOMO 😩

the nashville market is also going crazy great video great information

THANK YOU FOR ALL YOUR GRAT ADIVCE !!! SOLID AS ALWAYS !!

I bought my house in April last year. I’m so glad that I got in.

A real estate video! Woohoo!

@GrahamStephan

3 жыл бұрын

ENJOY!

Yes, similar happenings here in Canada, so many attributes to the housing market and so much doubt out there

I just closed on my family’s first home after having several offers over asking lose to cash offers from out-of-staters The way I got the contract? I knocked on the door and asked the family to disregard cash offers and instead sell to my family ... There are good, just people out there thank God.

Like with so many things(healthcare, schooling, etc), the government is artificially increasing the price of homes.

@mrwhonewwhat

3 жыл бұрын

Could you explain how there doing that?

@metallifreak100

3 жыл бұрын

@@mrwhonewwhat they aren’t allowing most foreclosures and the Federal Reserve(strongly tied to the federal government) is keeping interest rates at 0.00-0.25%. There would be more foreclosures happening, thus increasing the supply of homes. If mortgage rates were at a more reasonable 4.5-5.0% in combination with a larger supply of homes, prices would probably be 10-15% cheaper.

@mrwhonewwhat

3 жыл бұрын

@metallifreak100 That makes sense, than you for the explanation

@networth00

3 жыл бұрын

They really ruined schooling.

@highbrass3749

3 жыл бұрын

Local governments also keep home prices artificially high with zoning laws, regulations, and crazy red tape for developers.

Very true just locked in 2.99% on a 30 year fha for a duplex.

@tokashi1

3 жыл бұрын

Which city?

Thank you Graham! Great info I always share with my friends!

Great explanation and info! Thank you! 🤗

I remember getting cold feet in 2019 because everyone said the housing market was about to crash. So glad I took your advice and pulled the trigger!

@edgarhernandez2821

3 жыл бұрын

Same! Everyone kept telling me to hold off picked mine up October 2019

@gigman96

3 жыл бұрын

I got mine October 2019 too!

@Lifeisfun84

3 жыл бұрын

I did got cold feet and didnt im sooooooooooo sad now

@michaelhunsinger8351

3 жыл бұрын

I bought March 2019, SO glad I did! First time homebuyer

@sealifesbeauty

3 жыл бұрын

Got mine back in October 2020 🏡 😌

I like how his said his plug isn't sponsored but gave us his link with his name on it anyway. Don't pee on my leg and tell me it's raining.

I bought a skoolie last year and moved in a couple months ago. I even spent the last week down by the Columbia River. I own my own home on wheels and couldn’t be happier that I’m not involved in real estate.

Love the content! So many lessons.

I'm from Montana and rent here is now as expensive as it was in Boston. Something has to give or this country will crash harder than before.

@rvw3022

3 жыл бұрын

@Graham Stephan stop with the scams you piece of burnt toast

@brianmatthews4149

3 жыл бұрын

That's insane.hope jobs support that high rent.

@BcroG11

3 жыл бұрын

Yeah, you need a little bit of socialism.

@essennagerry

3 жыл бұрын

Hey, I'm not from the U.S. and don't have deep knowledge about these stuff. Can someone explain to me why people think the prices will crash like in 2008? Why wouldn't the prices just go back to how they were in 2019 or so, why would the crash even further? Thank you in advance to anyone taking the time to help me understand!

Crazy to see this happening in America, this has been going on in the U.K. for a while now! A studio apartment anywhere here costs 200k at the minimum...

@michaelhunsinger8351

3 жыл бұрын

+Absolute prices vary wildly in the USA depending on location but all locations seem to be rocketing upwards. The problem with inexpensive cities or towns is lack of well paying jobsm so unless you are retiring or are some sort of specialist you are probably hosed either way.

Thanks for a very informative and thoughtful video.

We have never seen such prices and chaos here in Wisconsin. I can only hope it gets back to normal someday. Great video Graham!

@miriamstrauss

3 жыл бұрын

I hope so too as agreed, great video!

Love being a young adult during all of this 🙃 was hoping to buy a house in the next year or so but now idk

@YesseniaHernandeez

3 жыл бұрын

Same here

@ChrisRawls

3 жыл бұрын

Same. : /

@Koushi82

3 жыл бұрын

we are the lost generation 2008 to now...smh. we are doomed. we need the baby boomers to go boom

@vincetaylor3948

3 жыл бұрын

I was looking a year ago and I didn’t buy because I thought the market was too high but now it’s unattainable, as a millennial I feel defeated

@Koushi82

3 жыл бұрын

@@vincetaylor3948 never chase. Don't do it. Find alternatives. Let them come to you. But remember that cash is trash. Always keep money invested. Keep enough so you can pay bills but invested diversified. Not just stocks. Bubble economy smh But remember business can deduct home office expense. Just open something up

Whewwwww... a couple minutes too late, but Im here dad.

@GrahamStephan

3 жыл бұрын

welcome!

@zerohecks4864

3 жыл бұрын

Graham’s real dad is Tom Cruise, don’t tell anyone.

Another well explained video. I have no choice but to smash the like button.

Great content man! I always love your videos like this

The lumber shortage is definitely going to throw a wrench into things.

@yosimarmorales6365

3 жыл бұрын

There is no shortage! Lumber yards are full with wood but the big cooperations are purposely delaying distribution and using the pandemic excuse to fill their pockets!

@JohnAntonucciNooch

3 жыл бұрын

@@yosimarmorales6365 Why would they do that?

@yosimarmorales6365

3 жыл бұрын

@@JohnAntonucciNooch the price of a 2x4x8 six months ago was about 2$ now its about 8$ that's 4 times the OG price!

“What’s up you Graham, it’s Guys here”....love it hahahaha 😆

Great video explaining a very good point.

This man is really my financial advisor

Goes like the old sayings..."When the shoe shine boy is giving you stock tips, its time to get out of the market"

@Saixjacket

3 жыл бұрын

Ignoring good advice is a bad idea

"What's up coffee, it's Ice here"

@TheIcedCoffeeHour

3 жыл бұрын

whats up ice its jack here

This is so spot on

Wow Graham, Great video! The least I can do is hit the like button.

Awe man. Feels like homeownership will never happen for me 😔

“What’s up gram it’s guys here” 😅 I caught that

@alittlepieceofearth

3 жыл бұрын

I was wondering if anybody else caught that.

housing inventory is only low in certain neighborhoods. some brand new houses in my hood of sunnyside houston texas have been on the market for MONTHS.

Another thing driving these prices and lack of inventory/rentals is people moving. When someone buys a house they sell their house or move out of their rental. Most of the time this transaction is done in a local area. As in you move from one town to the one next door. Or one side of the city to the other. So in general one place still has the same number of housing choices available. With 2020 people left big populated expensive cities to live in different and mostly cheaper areas. Well they are now increasing the population without an increase in availability of housing. If you look at the national housing it stays the same because no one is moving to these cities because those pushed out by new people. Aren’t really gonna move from West Virginia to NYC.

As a person trying to relocate, this is a big concern for me. Thanks for keeping us up to date.

Going for my realtor’s license on the 20th wish me well!!

@StuartMacadam

3 жыл бұрын

Good luck.

Supply and demand at its finest 👌

This is awesome

This is your early to Graham Ticket!

@GrahamStephan

3 жыл бұрын

WELCOME!!

I'll just keep living with moms for now 🤣😭

@coolbus_4585

3 жыл бұрын

@@businessbro2913 fake

@BertMMA

3 жыл бұрын

@@businessbro2913 haha loser

@pmbarro

3 жыл бұрын

Let me save you and come live with me. I got my stimmy.

@Koushi82

3 жыл бұрын

@@businessbro2913 reported

@Koushi82

3 жыл бұрын

It's actually 🤓 smart. We want freedom too much so we lose. Ideally best to save up and invest. Then buy something when everything crashes. Japan has the lost decade or century we will too. Low population family growth because of what their finance industry has done to their people's. Lots in depression and with no purpose This is why their population is declining.

Dope video as always!!

Good video as usual my dude!