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

@ThomasChai05

19 күн бұрын

The housing market in 2024 poses difficulties due to uncertainties about the Federal Reserve's ability to curb inflation and reduce borrowing costs without adversely affecting demand for assets like homes and automobiles.

@mikegarvey17

19 күн бұрын

Consider shifting from real estate to stocks during severe recessions. While market volatility presents short-term trading opportunities, it's crucial to approach with caution. This isn't financial advice, but investing during such times may be a strategic move, consider adopting the services of a financial expert.

@mariaguerrero08

19 күн бұрын

I fully agree and place great value on my advisor's role in guiding my daily investments. They excel in both long and short strategies, managing risk for potential gains and protection against market downturns. Their access to exclusive insights and in-depth analysis makes exceeding expectations a regular outcome. In the two-plus years I've worked with my advisor, I've gained over 1.2million dollars.

@CliveBirse

19 күн бұрын

@@mariaguerrero08who is your advisor please, if you don't mind me asking?

@mariaguerrero08

19 күн бұрын

"Gertrude Margaret Quinto" is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment

I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?

@Michaelparker12

18 күн бұрын

"Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such task

@KarenLavia

18 күн бұрын

Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.

@Hectorkante

18 күн бұрын

this sounds considerable! think you know any advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

@KarenLavia

18 күн бұрын

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five aiyears now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

@EddyAgnes-vy4kp

18 күн бұрын

She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.

Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

@foden700

20 күн бұрын

If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

@brucemichelle5689.

20 күн бұрын

Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

@PatrickFitzgerald-cx6io

20 күн бұрын

I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?

@brucemichelle5689.

20 күн бұрын

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Colleen Rose Mccaffery” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

@PatrickFitzgerald-cx6io

20 күн бұрын

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

Wow . She says that income is growing faster than the home price. 😂

@henri4311

21 күн бұрын

Realtor lady has no idea what she talking about

not just younger.. anyone who doesn't have a high salary .. a salary of $250k or more... or already have a house.. your kinda sccrewed... not just younger..

@dinosaurdude5668

24 күн бұрын

Exactly.

@MikeW-xs8rf

22 күн бұрын

Yep 1 million is the new 100k

@eligreg99

18 күн бұрын

Stop. It’s more like 250-300k is worth 100k a few years ago

*The corruption that runs through this administration is getting scarier. I feel sympathy for people with disabilities not getting the help they deserve. Most fogies can't afford shelter anymore, Imagine investing $1,000 and receiving $4,300.*

@bruintoo

7 күн бұрын

TF?

Can you say gaslight?

@TheNoticer83

22 күн бұрын

That's all the media does these days. I hope democrats wake up and realize that "fake news" is not some right wing conspiracy theory. The "news" media in America has been used to advance the interests of the 1% for at least the last few decades. We have been lied to and gaslighted every day since at least the first Gulf war.

She said wages growing faster then home prices? where did you find this girl

@celestial_sphere3

25 күн бұрын

she's delusional lmao

@luminepixels5437

25 күн бұрын

Tech salaries dropped by 13% this year. Not sure where they find these people.

@KK-pm7ud

25 күн бұрын

She's correct. You're uninformed.

@MrMountain707

24 күн бұрын

She's wrong.

@eile4219

24 күн бұрын

@@luminepixels5437 she is not talking about tech. She is talking about mcdonald's salaries :)

What is she talking about??? Incomes caught up to home prices?? When?? Where??

@TheNoticer83

22 күн бұрын

It's more gaslighting. There are pretty much 0 cities with population above 50k where the median income can buy the median house. Outside money is inflating every market. Either Blackrock buys a house or someone from California sells theirs and can afford a house anywhere in America. Houses are not being bought up by people from the area.

It has only gotten more dire for roughly 25 years. Housing was affordable from the year 1870 until the early 2000s. It has been a transfer of wealth from the young to the old. I thought you prepare the country for the next generation, not rob their future

@daw7773

24 күн бұрын

Agreed, large corporations are buying(e.g. Zillow, Main Street) houses and selling homes at exponentially higher prices within the last decade.

@gen-X-trader

24 күн бұрын

It's the same thing they did in England, all around London it's owned by the wealthy. Sure you can go up to remote Scotland and get a deal. Same way here, you can go to rural Wyoming and get a deal. That's what's left

@WillieFungo

20 күн бұрын

​@@daw7773Stop blaming everything on corporations, it's getting old. The government makes it too hard to build new homes while the Fed inflated the bubble with low interest rates.

@rd24life

20 күн бұрын

@@WillieFungo and those with the power are Boomers and it is their assets they went up at the expense of their kids future

@daw7773

20 күн бұрын

@@WillieFungo It’s a fact, the truth hurts. Who caused the great recession and the stock market to crash in 2008? Yes,greedy real estate corporate investors.History repeats itself….

How are you gonna report about young people affected by housing and interview some old rich lady. And the housing situation isn't just 'pretty dire' it's completely catastrophic.

@TheNoticer83

22 күн бұрын

On the bright side, if the housing situation truly is catastrophic then it should cause enough damage that it has to crash. People have revolted and executed their "leaders" for far less than what our politicians are guilty of. Either the economy crashes (and with it house prices) or America has a 2nd revolution.

@cookng2100

20 күн бұрын

​@@TheNoticer83wholly cow bro! Relax!

@wilsi473

18 күн бұрын

@@TheNoticer83 It won't make it crash but it will continue to squeeze America's young people and stunt our future population and growth. Curious what Biden will offer younger people to make up for this.

It's dire for anyone not in a $120K/year+ household - which is what you need minimum to afford the median priced $400K house in the USA today. Where you live also has a huge impact.

@Kyle36147

18 күн бұрын

Me and my S/O are in this exact situation with about 30K extra a year. The current mortgage we have is insanity for the size house we have (in the Midwest). Both of us have a degree and respectable jobs. My S/O salary for the amount of eduction she has (and the cost of said education) is criminal in these current economic conditions. I can’t imagine how others are making it in this market because we feel like we’re well off for people our age. Most people we know that are doing equal/better than us are getting help from well to do parents.

Always fun listening to people that are out of touch with reality speak on the average American consumer

I'm sure Becky is in the top 10 or top 5 percent of earners.

@joesherry0218

23 күн бұрын

Top 1% guaranteed.

44 years of Reaganomics ends like this.

@lookingjust987654321

24 күн бұрын

And not Clinton with NAFTA? Scooping out well paid factory jobs? Yeah ... Reganomics lol

@milspec8283

19 күн бұрын

Actually this is bidenomics..this is what happens when you spend a ridiculous amount of money while also raising taxes and adding regulations that make everything more expensive. Devaluing money and raising costs is insanity

@willtwain1383

19 күн бұрын

@@milspec8283 Wrong. This is what happens when you cut interest rates to zero, and investors gobble up 30-50% of homes in hot markets. Trump added $8 trillion to debt, when he cut taxes on the rich, just like Reagan. You are angry about debt - blame Trump and Reagan.

@DanielGoldMcduckRose

19 күн бұрын

@@willtwain1383I wouldn’t forget the bush admins talk about stolen election atop two recessions

@milspec8283

18 күн бұрын

@@willtwain1383 I make around 100k, those tax cuts save me around 2k in taxes. I'd rather be keeping that money than giving it to government to waste funding illegals and wars.

Everyone is having trouble buying a home... even people who own and wants to sell and then buy back in.

INCOMES going up bc people take two to three jobs 🤣🤣🤣🤣🤣

@anuragchakraborty8766

23 күн бұрын

How do people have the time or energy to work two to three jobs?

This is THE END of first time home ownership and the slow death of the middle class in a generation. 77 bids over 4 years for our first home as native Tennesseans ALL OUTBID by cash investors. Wonder why we Millenials & Gen Z are doom spending? Why we aren't having kids, getting married? We CAN'T afford a home, car, kids, retirement... Child care costs 1/3 of the average income PER CHILD. At 35 y/o kids and a first home passed us by. Don't be surprised that these younger generations want to see it all burn. This economy isn't for us, it never has been. We've been checked out, not by choice

@ocampbell1954

23 күн бұрын

No it's not. Lol Boomers will be passing away within the next 10-15. Lots of homes will hit the market You sound entitled too. I'm 44 and just bought a house. Maybe you shouldn't live in a hot bed like Tennessee where there are a ton of people moving there from California. I'm just saying. 😂

@wk4240

22 күн бұрын

I feel where you're coming from, and not all older generations are so self-serving, and greedy - we do want to leave something of worth to our children.

@TheNoticer83

22 күн бұрын

​@wk4240 but it's too little too late. Too many baby boomers and silent generation were OK with policies that only helped their generation. The world we live in today was 100% designed for silent Gen and baby boomers. All the policies that shaped this messed up world was for them.

@MiamiPush2theLimit

21 күн бұрын

Get a good job so you can support yourself.

Give first time buyers a 2% interest rate

@adamasimolowo8285

18 күн бұрын

agreed

@Meerkat17

18 күн бұрын

Love this idea

I feel for gen z who were too young to buy a home before Covid. Bought my home in 2018 near bottom of the home prices. Then I refinanced at the historical low interest rates just 2 years later. Now just 6 years later, my home is now valued over 150% of what I bought it for and I haven’t done a damn thing to it and I have a super lower interest rate. I couldn’t buy my home today if it were up for sale.

@wk4240

22 күн бұрын

We're home owners as well, and one thing we fortunately have is humility, and gratefulness for our situation. Boasting or bragging doesn't serve anyone well.

@lalalalalalalala4264

22 күн бұрын

Same situation. My mortgage is lower than a 1 bedroom apartment. My husband and I wanted to move to a different state since he work remotely. Planning on keeping our home vacant. Don't want to sell with our ridiculous low interest home and don't want to be landlord.

@Ap32023

18 күн бұрын

Hire a property manager.​@@lalalalalalalala4264

It's affordable in many many areas ... Places people don't want to live in. Youngstown OH, Gary, IN, Detroit, MI. 25 years ago Las Vegas was affordable. Now everyone wants to move here and many are cash buyers fleeing California... Driving prices and choices.

Higher prices equals higher taxes you pay to the government. You really think the gov wants to lower prices???

It’s not a new problem? BS. It is brand new since the inept pandemic response.

People in the wealthiest and most powerful country in the world struggle with housing and healthcare.

Just put a bid on a home in nearly 3 years and buyer just paid cash for it, they win I lose.

It is impossible to find quality construction workers that don't want very high wages. It's understandable, it's hard work and if you're skilled you deserve more. The days of being able to pay a skilled guy low wages are long gone. Even the entry level workers are demanding more and rightfully so. Why would you want to scrape roof shingles when you could work fast food for the same money?

@ocampbell1954

23 күн бұрын

Should have never kicked out the immigrant workers.

This is a crisis affects anyone who didn’t own a home before the speculators rushed in.

How will rate cuts help when unemployment is around 5% in about 3 months

It's tough out there for the young people. I thought it was expensive when I got my home years ago. If my wife or I lost my job, we still could make the payment. Today, notsomuch!

It is much cheaper to rent actually with all expenses taxes insurance repairs etc added in for home ownership.

I’m favored financially with Bitcoin ETFs approval, Thank you buddy.$32,000 weekly profit regardless of how bad it gets on the economy.

@liamgeorge9721

24 күн бұрын

YES!!! That’s exactly her name (Lorelei Elizabeth John) so many people have recommended highly about her e from Brisbane Australia…🇦🇺

@jamesgarner9597

24 күн бұрын

I’m a long term investor, I withdrew my profits of over £61,000 during the Christmas period

@William.Jones01

24 күн бұрын

She is my family’ personal Broker and also a personal Broker to many families in the United States, she is a licensed broker and a FINRA AGENT in the United States.

@merrykane9183

24 күн бұрын

If you don't want to crash and burn, you should seek the advice of a fiduciary counselor when you first start out. Because their entire skill set is based on going long and short at the same time, they employ a profit-driven strategy based on individual risk tolerance.

@freddemetrius2579

24 күн бұрын

This sounds so good and I would like to be a party to this, is there any way I can speak with her?

The problem now is the income required to qualify for a median priced home, is higher than the median household income

We need price controls in real estate

Our daughter and son-in-law, to very high income workers, are even having to budget to get into a home - but they at least have a shot. It's all ridiculous, and if a change isn't made in a timely manner, younger generations are in for a very rough ride. It's so wrong, that - again - only the relatively few young are allowed to make strides forward.

Stop blaming the mortgage, bring down the prices

Cnbc needs to interview that 6% who says housing is affordable to see if they actually live in US and are human beings

It is very simple the market is now divided into the haves and the have nots. If you bought before 2020 you are chilling and not moving anywhere. If you need to move then you still doubled your investment and can take that with you to buy a home.

The story could be approached here in oklahoma regarding houseing affordabilitys and renting if these random women stop evading reality with surveys or stealing customer service reports

Wow, trying to live in Vancouver BC with average housing at 1.6 million. Americans have higher income than Canadians.

Inventory went down when rates went up at the initial shock, but I am certain that the extend and pretend camp cannot continue extending and pretending if rates went higher.

Oh and the new laws now say sellers (generally older people) must have legal representation and buyers (generally younger people) do not necessarily need any realtor or qualified legal representation at all. More lopsided power dynamic here.

“You need to move to the Midwest.” “Okay boss will you let me work remote?” No!

Nice Comedy 🎭 Channel 🤣💸

Trouble is mostly old money killing the market. People inheriting money or getting down payments from parents or grandparents. If you don’t have that option and do not make 150k plus a year, yiur not buying anytime soon.

So homes are more affordable where people make peanuts... real insight

I just watched another expert say that there is plenty of inventory. Who do you believe??? Sick of these people talking lies.

Revoke social security for a UBI/mortgage subsidies

Why is the press exclusively focused on young or 1st time home buyers? The older contingent of downsizers are in the same boat. They've sold homes to downsize & hoping to hold onto to some dry powder for their future aging needs. The number of them in the housing mkt is large & no one discusses this.

@TheNoticer83

22 күн бұрын

Because the older generations had so much privilege it isn't funny. A McDonald's worker could afford to buy a house in the 80s. The opportunities you older people had are so outrageous to younger generations that there just isn't any sympathy.

@ninettehalpin2779

21 күн бұрын

​@@TheNoticer83 no ones asking for sympathy - just awareness. Without awareness no ones understanding the whole marketplace & who's in it

@TheNoticer83

21 күн бұрын

@@ninettehalpin2779 older people who own a home and are trying to downsize don't have to worry about interest rates because they would just buy with cash from selling their home. Sell a 400k home and buy a 200k home. Or sell a 200k home and move to a 100k area. Younger, 1st time buyers don't have that luxury. We don't have a bigger house that we can sell to pay for a smaller one. Maybe that's why no one gives a crap about whatever hardships boomers are claiming.

Interest go up, less people will qualify for the loan prices come down

Stop blaming mortgage rates for this crisis. Even if rates go down, prices will go up so not much will change

Govt doesnt really care.

Housing will be problematic until/unless we have a major crash recession or black swan event that resets everything.

I believe a housing market crash is looming because many people bought homes above asking price despite low interest rates. Now, as housing prices drop, they're left without equity, facing potential foreclosure or selling at a loss. This situation is likely to affect many, especially with expected layoffs and rising living costs.

@debroahmorrow5919

25 күн бұрын

I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you're careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advice but get buying, cash isn't king at all in this time!

@leonardives1991

25 күн бұрын

You are right! I've diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.

@Elina_H

25 күн бұрын

Do you mind sharing info on the adviser who assisted vou?

@leonardives1991

25 күн бұрын

"Jennafer Beaver Turner is the licensed advisor I use. Just Google the name. You'd find necessary details to work with to set up an appointment

@Elina_H

25 күн бұрын

After locating her, I composed an email and arranged a phone conversation. I'm optimistic that she will reply, and my goal is to conclude 2024 on a financially successful note.

To all my Trump supporters, don't be silenced, don't be shamed, don't be afraid. That's what the masses want - keeping you in the shadows, keeping you quiet without a voice. Speaking up is your God-given right - use it or lose it. Stand strong 💪 stand united 🇺🇸

No one in their right mind wants to pay over $500 a month where ur only there when u sleep bc u gotta work the rest of the waking moments of the weekdays.

People keep blaming Biden and Trump and Obama for this mess. The reality is WE AS VOTERS, consumers, stockholders, and sell outs let this happen. Only WE can stop it from hurting future generations. God and peace be with you.

@kingjustice1831

25 күн бұрын

This is all true, but it seems to me that mouth-frothing greed has truly taken hold; and in a society where money is king and the king makers have their own armed security (police) - it is over! Debt has taken hold at all levels of the society and no one is in the mood for true austerity, or at a minimum, a rational discussion about a way forward.

@yoban2000

25 күн бұрын

@@kingjustice1831appreciate your comment. Good healthy dialogue.

What did you expect the money channel to say?

Let’s just talk about how much money I’m making from selling these houses 😂

Typical realtor painting Sunshine when there's a thunderstorm.

This girl is smoking something. Prices are up close to double from 2019 in my area. Incomes are not up double LOL

Nothing new. I left my blue state I grew up in, moved south in 2004 due to housing prices.

I feel so lucky I was able to buy residential properties back in 2008, I purchased three 2 bedroom condos in Vegas for around $15K-$18K each from bank owned or distressed owners. I also purchased a 5 bed single story home for $55K. Nowadays, cars cost more than that.

@BigRed2

24 күн бұрын

We believe you

There is no shortage of land.

@b5thomas7

25 күн бұрын

There is within commuting distance of major job markets.

@NoNo-ng9sl

25 күн бұрын

​@@b5thomas7 the stats always contradict themselves. Supposedly a ton of people left cities due to increasing crime and WFH. Less children, less population. The boomer generation dying off. But there's only so much housing left close to job markets?

@user-vx7vi3vq1c

25 күн бұрын

@@b5thomas7 not really. Drive 40 minutes in a straight line from any major city and you will see miles of open land. But the local politicians won’t allow you to build on it.

@MrMountain707

24 күн бұрын

There is a shortage of where the jobs are. Nobody wants to live in Nebraska.

@davidcarp5935

24 күн бұрын

chinas buying it all....

Need younger politicians in the government. The current politicians in office aren’t looking out for the younger generation

@Chino-bk9fd

19 күн бұрын

oh they’re looking, they’re just looking at where they can stick it into 😂

This is why I’m probably going to move to the Philippines or a low cost of living country.

Dave Ramsey says “ Your All Lazy ‼️💸🤣 “ Buy my Book 📚

@ShutterSpeedGaming

20 күн бұрын

😂😂😂 baby steps

Today's kids have no clue how to save. They just cry foul and dont accept responsibility. Disgusting

Lol did she just compare Wages to homeprice increase. BS.

Sorry GenZ 👋. Guess it's time to ask mom & dad to move back in 😮. Incomes going up rotfl 😂. $250k tent on a sidewalk in CA.

Meanwhile ….. home builders making RECORD PROFITS ….

Crazy talk. Homes are very affordable, in Detroit.

only PEPE can save us now

Starting to sound like 2007 right before 2008 crash… they where saying the exact same thing

@fuzzyspackage

24 күн бұрын

Stay tuned for part 2🤣

@GringoAzteco

24 күн бұрын

Bingo 🎯

@blongshanks77

24 күн бұрын

The Feds have been trying to crash the housing market(since that’s one of the biggest parts of the CPI) for 2 years now, and they haven’t been able to do it. The issue is supply, and there’s nothing the Feds can do about an extreme housing shortage here in the United States. Ironically, by keeping rates high, they’re actually helping to keep inflation from a housing standpoint high since the housing market has almost slowed to a halt. The scary thing is once they lower rates, the home values will go up more due to the inevitable increase buyers and sellers, who will in turn will in turn bid the home prices even higher.

@drKennedy

24 күн бұрын

@@blongshanks77the FED is certainly not trying to crash the housing market. Not at 7% for a 30 year. I think they are going to 8%+ next year, which should clear out all investors, flippers, and housing scammers.

@Clickbait540

23 күн бұрын

@@drKennedyI’m betting on 3-4% by November

Interest rates go up in september lol

Sad

Am sure it affects young people only. lol

Housing Voldemort joins us to discuss Muggle/Wizard relations. She will no doubt keep an open mind in this unbiased discussion.

Thats why we gotta raise them rates until houses reach 90s prices again

@BigRed2

24 күн бұрын

You are clueless 😂

@starship519

24 күн бұрын

@@BigRed2 im 100% correct

@huynguyentoantin

24 күн бұрын

good luck with your wish

@BigRed2

24 күн бұрын

@@starship519 No matter the rate is or price is for a House it doesn’t fix the supply problem, if you sell a Home you need a Home, everyone (80% of people with a mortgage) has a rate under 4% and are not going to be selling at a loss when it costs just as much or more to rent, you are so clueless on the Housing market

I don't know anyone making $300k

Where exactly are incomes/wages going up??? Lmaoooo

No improvement here in Phoenix. Starter homes have gone up significantly in past few months. Around $350/sqft now.

Blaming unaffordability only on rates. Its like a diabetic blaming the last piece of cake for thier spike in sugar. Never mind the perpetual cycle of bad habits what lead to the disease.......lowering rates will only dose gasoline on the problem it created. This lady is either purposely living under a rock or has some stakes in this low intrest game.

Entry level housing (under $1500 a month) where I live is a 200 square foot wooden hut in someone’s backyard as an Air BnB rental

This should be all trump says

There are tons of first time home buyers in San Jose. I work with them as they’re my specialty. They don’t like paying $1.5M for a starter home but with their $400-500K base income, they can easily afford it. Also, as much as I benefit from the relentless scare tactic in the news about buyers being priced out, I think we’re going a bit too far. It’s not that bad and buyers don’t have to panic buy, at least not yet.

@thebusinesshour1733

24 күн бұрын

$1.5 Million dollar “starter” Home? Geeeshh I think you solved the problem!! 🥴😅

@davidcarp5935

24 күн бұрын

what companies pay 400k 500k yeah california is higher wages but thats crazy, and my guess is you're going to shock me by saying middle or lower management.... or more shocked if lower level than that

@davidcarp5935

24 күн бұрын

per google "The median salary in San Jose, CA is $113,100, with 80% of salaries falling between $43,500 and $217,500." can't see young people being the 10% over 217k or 10% under 43k... well maybe the latter

@MichaelChengSanJose

24 күн бұрын

@@davidcarp5935As usual, it’s the top 10% buying all the houses and it’s usually the young tech engineers pulling $200-250K each. So a couple can easily pull $400-500K to buy a house.

@MichaelChengSanJose

24 күн бұрын

@@davidcarp5935Oh, I’m referring to typical starting salaries for young people in their late 20s. Each person would make $200-250K so a couple can pull $400-500K to buy a starter home. $400-500K is lower to middle management. More senior managers get around $1M. VPs and higher get a lot more.

Urban Housing and Community Reinvestment Act. That’s all you need to understand of why the US housing market is in the situation it is. Housing values and prices should reflect the wages of the area.

#recession

And I have companies emailing me regularly trying to buy my home. Companies are buying them up and only going to make it worse.

Greedy greedy seller LOOKED AT NEW TOWNHOME IN 2019 IT WAS PRICED AT 199999 NOW ITS 320000 AND THE INTEREST RATE WAS 5% TO 6% IN 2019 AGAIN GREEDY GREEDY SELLER

“You will own nothing and be happy” -World Economic Forum

@Andygb78

25 күн бұрын

Minimalism.

This is directly attributable to the Fed keeping interest rates high. People who own homes don't want to sell and get into a higher mortgage rate. So there are less homes on the market, thus driving up the prices. And if you do buy, you pay more because of the rates. Everything costs more because of the high interest rates and it is hurting Americans. If the Fed would drop the rates it would make everything more affordable.

@zwatwashdc

24 күн бұрын

Low interest rates is how we got here. Lower them now and prices will go straight up.

Study Bitcoin

Poor people don't matter in America. Only the rich and members of the tribe.

Another benefit of mass migration. Higher housing costs

I never understood why people are afraid of moving to another state

@Jcakiiiii

24 күн бұрын

I don’t understand how people don’t understand it is a nationwide problem.

@kylefabbro171

24 күн бұрын

​@@Jcakiiiiiexactly

@joesmith3590

24 күн бұрын

It’s not move to Iowa.

@Andre1CustomShoes

24 күн бұрын

@@Jcakiiiii yes everyone needs to understand that Biden did this all by himself. On another note, if you don’t make 6 figures income you shouldn’t be in California or New York. But people are not that bright. 🤷🏻‍♂️

@huynguyentoantin

24 күн бұрын

@@Jcakiiiii but it is not uniform over states

Everyone should just get smart and load up and debt and just stop paying. There are way more of us than them.

@QuinnanScott

25 күн бұрын

That’s doesn’t really work. Stop paying your mortgage they will take your house in 3 months. Same with your car

@Boostlagg

25 күн бұрын

@@QuinnanScott hence I said everyone. Social security is gone in 10 years, inflation rampant, gov increasing taxes and Fed thinks wages are too high while we can hardly afford to live. Let the system fail.

@philipricossa2733

25 күн бұрын

How much debt have you take on?

@KentuckyHillbilly

25 күн бұрын

The usd will fail within 10 years.. we have reached a point of no return. People in Gov are just playing musical chairs.

@albertsimmons2743

25 күн бұрын

I'm starting to think the same let the system fall.

Trump 2024!

The default if within 12 months the inflation stay 2.7-3 %, then lower the interest rate 2-3 times depending on economy while waiting supply chains to catch up, hoping lower products and commodities prices. Scenario 2, if economy downward, then shorten duration and lower interest rate 3 times within 12 months. Plan according to Inflation rate 3% per year the next 2 years, such as real estate or assets will be impacted 3-4% as floor based, and increase above.

"Challenging" lol its impossible. All these people buying will go into foreclosure.

You want to buy a home, serve your country and earn the access to a Veteran Affairs home loan