'TURMOIL': Commercial real estate foreclosures soar to new levels

DFW housing and macro econ analyst Amy Nixon explains what the spike in mortgage rates means for the housing market on 'Making Money.' #foxbusiness #makingmoney
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Пікірлер: 471

  • @matturner8
    @matturner8Ай бұрын

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

  • @KevinClarke9

    @KevinClarke9

    Ай бұрын

    it’s a personal decision, but according to Forbes, housing activities will remain stagnant for the most part of the year, so maybe hold off a little.

  • @ritalorrigan

    @ritalorrigan

    Ай бұрын

    well you could put a downpayment on a home and as well diversify as much as you can into Ai and pharm. stocks like Pfizer and JnJ.

  • @ScottArmstrong12

    @ScottArmstrong12

    Ай бұрын

    Certain Ai companies are rumoured to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I.

  • @matturner8

    @matturner8

    Ай бұрын

    @@ScottArmstrong12 this is all new to me, where do I find a fiduciary, can you recommend any?

  • @ScottArmstrong12

    @ScottArmstrong12

    Ай бұрын

    Can't divulge much Carol Vivian Constable is the advisor that oversees my portfolio. She's an extremely intelligent person, very thoughtful, cautious, and has an outstanding credentials, it's easy to find her on the web.

  • @Gaming_Antics
    @Gaming_AnticsАй бұрын

    When average middle class Americans cannot buy a home, you know the system is broken.

  • @scottowensbyable

    @scottowensbyable

    Ай бұрын

    Most people can not manage their own money.

  • @user-cp9lz9pt8b

    @user-cp9lz9pt8b

    Ай бұрын

    Thank the global pandemic and Blackrock buying up all the housing stock

  • @Hypocrisywatch1

    @Hypocrisywatch1

    Ай бұрын

    Only Americans get a 30 year fixed deal..stop whining

  • @awilliams5007

    @awilliams5007

    Ай бұрын

    @@Hypocrisywatch1 huh?

  • @user-zb7tg5hi3t

    @user-zb7tg5hi3t

    Ай бұрын

    You make 0 sense

  • @Jersderakerguoe
    @JersderakerguoeАй бұрын

    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.

  • @berniceburgos-

    @berniceburgos-

    Ай 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.

  • @hersdera

    @hersdera

    Ай 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.

  • @SandraDave.

    @SandraDave.

    Ай бұрын

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

  • @hersdera

    @hersdera

    Ай бұрын

    My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

  • @CraigLloyd-fz6ns

    @CraigLloyd-fz6ns

    Ай бұрын

    I am on her site doing my due diligence. She seems proficient. I wrote her an email and scheduled a phone call. Thanks for sharing

  • @ironworkerfxr7105
    @ironworkerfxr7105Ай бұрын

    Its ok we gave worldwide criminals 100 billion...........

  • @AboveAverageMan97

    @AboveAverageMan97

    Ай бұрын

    Biden gave money to Israel, Iran, Hamas. All three sides of the same conflict.

  • @marvinwing2459
    @marvinwing2459Ай бұрын

    That will never get better for anyone making 50,000 dollars a year .and most people can't afford rent at today's prices. That is why people are living on the street.

  • @scottowensbyable

    @scottowensbyable

    Ай бұрын

    A lot of people are living on the street because they love drugs. Or they are free spirits.

  • @thejuicerr

    @thejuicerr

    Ай бұрын

    It's the drugs and alcohol that fuels homelessness.

  • @nickriley4609

    @nickriley4609

    Ай бұрын

    Or they've moved back in with family

  • @goldwingerppg5953

    @goldwingerppg5953

    Ай бұрын

    I bought my first house when interest rates were 12% and I worked two jobs.

  • @agtsmith87

    @agtsmith87

    Ай бұрын

    ​@goldwingerppg5953 true, my parents did same, the issue is value of the dollar is much less. Back then my family could afford 15% rate, 2 car payments and 3 kids on one salary, very little chance of that now.

  • @chicagoresident973
    @chicagoresident973Ай бұрын

    She misses 1 fact, we are broke

  • @KentuckyHillbilly
    @KentuckyHillbillyАй бұрын

    Homes up 300% wages nearly flat or up 2% doesn't matter where you live its currently impossible

  • @rHinosYth
    @rHinosYthАй бұрын

    This is a HUGE issue!

  • @Oldcarnut63

    @Oldcarnut63

    Ай бұрын

    Biden dosent think so 😡

  • @TheThugNasty

    @TheThugNasty

    Ай бұрын

    @@Oldcarnut63do the republicans care? You’d think they would give us back our tax dollars to help our economy but they are screaming to send our tax dollars to Israel?

  • @user-zb7tg5hi3t
    @user-zb7tg5hi3tАй бұрын

    America is broken because of greed.

  • @Oldcarnut63

    @Oldcarnut63

    Ай бұрын

    That's what it is GREED !!!😡

  • @johncmiles1

    @johncmiles1

    Ай бұрын

    More than greed, high taxes, regulations. Allowing foreigners, including China to own property, often near military bases and other sensitive sites and allowing companies like Vanguard to buy up entire Neiborhood's and then turn the houses into rentals all plays a role.

  • @TonydaGM

    @TonydaGM

    Ай бұрын

    Because of Biden

  • @odelltaylor1724

    @odelltaylor1724

    Ай бұрын

    @@TonydaGMor trump

  • @TonydaGM

    @TonydaGM

    Ай бұрын

    No its because of Biden and his policies​@odelltaylor1724

  • @subrosa7mm
    @subrosa7mmАй бұрын

    Janet Yellen did say she “regrets saying inflation was transitory.” That should say it all. It’s not going away.

  • @beeeboopbeepboop

    @beeeboopbeepboop

    Ай бұрын

    janet yellen is a token hire. she is a low iq stroke survivor.

  • @laurenglass4514
    @laurenglass4514Ай бұрын

    Think the federal government is hoping that there would be a national of renters It’s more profitable for the big investors

  • @williamabbott9437

    @williamabbott9437

    Ай бұрын

    Basel lll. The Federal Reserve and B.I.S. are causing this. Currency has to tied to a finite tangible value. The Organizations We the People look to, to solve the problem, are the very same Organizations that are causing the problems, while absorbing tangible assets.

  • @headspaceandtiming2114
    @headspaceandtiming2114Ай бұрын

    “Fed not letting that happen”? Means the US tax payer covers big banks again. Let it fail, it’s time we take the bitter pill. If your in debt and not ready. Tough.

  • @janblackman6204
    @janblackman6204Ай бұрын

    Best thing for young people is to buy an acre or two and build a small 2 bedroom one bath with a large living room and kitchen. Then add on bedrooms as needed.

  • @philipdamask2279

    @philipdamask2279

    Ай бұрын

    Building codes will make even that size home expensive.

  • @cowsgonemadd3

    @cowsgonemadd3

    Ай бұрын

    Where will they get the money from for that 150k shack?

  • @Scrunchie_777

    @Scrunchie_777

    Ай бұрын

    Land is overvalued, materials are overpriced, you need to hire someone to scale the land and the inspector - who will charge you an arm and a leg. Not to mention all the free time you need if you're building it yourself. Neither option, buy existing or build your own, is feasable.

  • @saygoodnight5103
    @saygoodnight5103Ай бұрын

    Many of the people buying are either foreign or large corporations.

  • @user-cv9cd4sq2n
    @user-cv9cd4sq2nАй бұрын

    The market isn’t moving for people with money! The market is moving for huge investment firms that are buying up everything

  • @AJDIAS-ov1zd

    @AJDIAS-ov1zd

    Ай бұрын

    IE; Blackrock, Statestreet, and others, but those are the two largest.

  • @beeeboopbeepboop

    @beeeboopbeepboop

    Ай бұрын

    @@AJDIAS-ov1zd *blackstone

  • @mkaberli614

    @mkaberli614

    Ай бұрын

    It's all part of the 'Great Taking.' As Klaus Schwab says, {You will have nothing..." That part of his statement is true, but the rest of what he said, "and you'll be happy", is a bald-faced lie,

  • @KentuckyHillbilly
    @KentuckyHillbillyАй бұрын

    Rates aren't the problem.. the cost is too high.

  • @jonathantaylor6926

    @jonathantaylor6926

    Ай бұрын

    Mortgages should be 10/10... 10% interest for no longer than 10 years. But the last thing our corrupt system wants is a bunch of 40 year olds with no debt.

  • @defyingfinance9882
    @defyingfinance9882Ай бұрын

    Blackstone just handed the keys over to a $300m property… this is just the start. We manage 161k units… trust me, this markets about to get nuts.

  • @robhernandez1827

    @robhernandez1827

    Ай бұрын

    Yep but no one wants to hear that.

  • @paule8536
    @paule8536Ай бұрын

    Rates will never be 3-4 percent in our lifetime again!

  • @mrchad97z49

    @mrchad97z49

    Ай бұрын

    I hope they never go down. Because low interest has fueled high home prices. The price is the main thing.. Not the interest.

  • @GunGal512

    @GunGal512

    Ай бұрын

    @@mrchad97z49 you got that incorrect. Low interest does push prices higher, but the BANK makes less $$$ on you with the lower rate. Also, prices may go higher but people can afford the payments. So it's a win win.

  • @johnrobi0

    @johnrobi0

    Ай бұрын

    @@mrchad97z49 Prices haven't come down. They won't. My home value has steadily gone up.

  • @alexalvarez2171

    @alexalvarez2171

    Ай бұрын

    How long you got left to live?

  • @moa9640

    @moa9640

    Ай бұрын

    @@mrchad97z49 prices of everything is going up because the actual value of the dollar is going down substantially relative to gold (which is at an all time high)

  • @moxymaxx5350
    @moxymaxx5350Ай бұрын

    Keep the people at home in their 15 minute cities. Commercial buildings empty. Worthless buildings

  • @DavidVolz-xz7bl

    @DavidVolz-xz7bl

    Ай бұрын

    Agenda 21

  • @mizenbarbarossa494
    @mizenbarbarossa494Ай бұрын

    It’s kind of something when they say you will own nothing and be happy and then see the state of the country

  • @user-vb8yf8be3l
    @user-vb8yf8be3lАй бұрын

    the property taxes in CA are so high Even if interest rates drop houses will still be un affforadable

  • @beeeboopbeepboop

    @beeeboopbeepboop

    Ай бұрын

    i'm so glad i'm 100% property tax exempt for the multiple acres i own.

  • @user-vb8yf8be3l

    @user-vb8yf8be3l

    Ай бұрын

    @@beeeboopbeepboop Property tax is the most evil tax

  • @beeeboopbeepboop

    @beeeboopbeepboop

    Ай бұрын

    @@user-vb8yf8be3l i agree

  • @4040Collective

    @4040Collective

    Ай бұрын

    most homes/condos/townhouses in SoCal where I live have $300-500/month HOA on top

  • @tammycharles7622
    @tammycharles762214 күн бұрын

    I am a single father, I bought my daughter a house last month, I will continue to preach your name for the whole world to hear that you saved me from a huge financial debt with just a small investment, thank you Kristy Loreca, for saving my life.

  • @Wendy10926

    @Wendy10926

    14 күн бұрын

    The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.

  • @MerylConnor

    @MerylConnor

    14 күн бұрын

    I'm surprised you also trade with Kristy Loreca, she's the best at what she he does. At first i was afraid too before i gave it a try and realized fear kills dream more than failure.

  • @FeliciaJagger

    @FeliciaJagger

    14 күн бұрын

    Getting Kristy Loreca really helped me pay off all my debts, she's the best at what she he does. At first i was afraid too before i gave it a try and realized fear kills dream more than failure.

  • @VincentFrancis-dd6dh

    @VincentFrancis-dd6dh

    14 күн бұрын

    just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

  • @DaveRondon

    @DaveRondon

    14 күн бұрын

    Please I'm new to this, how can I get her assistance?

  • @tracyclark7290
    @tracyclark7290Ай бұрын

    Ya thanks to Biden and his political crap.

  • @alanbrito706

    @alanbrito706

    Ай бұрын

    No thanks the the 8 trillion debt left by the maga mob boss!

  • @mkaberli614

    @mkaberli614

    Ай бұрын

    Just Biden? You need to give credit where credit is due. If the rest of our politicians were honest and took their oath of office seriously, Biden would be greatly hindered. Besides, only Congress has the power of the purse, but maybe you didn't have Civics in your education system.

  • @fire-4-effect

    @fire-4-effect

    Ай бұрын

    @@mkaberli614 Great reply..

  • @DerekBingaman
    @DerekBingamanАй бұрын

    Trump

  • @JohnReynolds-ni5lv

    @JohnReynolds-ni5lv

    Ай бұрын

    10,000%

  • @republicunited2183

    @republicunited2183

    Ай бұрын

    Yes. We need our great President back!

  • @occupytosavetheworld

    @occupytosavetheworld

    Ай бұрын

    @@republicunited2183amen!

  • @LogsterYTB
    @LogsterYTBАй бұрын

    FJB

  • @shamblendavidson8166
    @shamblendavidson8166Ай бұрын

    7% on a 150k home is $800 a month. 7% on the now average 400k home is $2300 a month. That's why it is unaffordable. This is just in interest per month.

  • @smartenuptv7530

    @smartenuptv7530

    Ай бұрын

    It's actually even a bit more than that! 30 year. Interest only. Wow!

  • @ericeandco
    @ericeandcoАй бұрын

    If people are out of work you don’t need commercial space.

  • @merovingian688
    @merovingian688Ай бұрын

    Who didn’t see this coming? It started with the mortgage crisis in 2007 and the Great Recession. They didn’t start rolling back QE until 2022. You can thank the Federal Reserve. Remember back in 2019 when Trump threatened to fire Jerome Powell because he raised interest rates to start rolling back QE? The markets reacted violently. So Powell lowered rates. The Federal Reserve lost it independence that day. Thank the Federal Reserve for inflation and high interest rates.

  • @Volksinformant
    @VolksinformantАй бұрын

    We are living in very difficult times. I call it the "age of the rip-off". Even here in Europe, housing has become unaffordable. I am German and live in Germany. Most people rent here because condominiums and owner-occupied houses have become unaffordable. In the big German cities, a small condominium already costs several hundred thousand dollars. Even in Europe, the salary of most employees is barely enough for daily survival. People only work to pay the bills. There is hardly anything left over. In Germany, 20% of the population are at risk of poverty. The German press recently reported on this. Best wishes to all! 🇩🇪 🇺🇲

  • @JackofMasculinity

    @JackofMasculinity

    23 күн бұрын

    People can’t even afford rent anymore it’s taking multiple jobs just to pay for shitty no amenity apartments and $500-$800 electric bills in Texas

  • @universalservicetechust3578
    @universalservicetechust3578Ай бұрын

    Bidenomics

  • @williamabbott9437
    @williamabbott9437Ай бұрын

    Basel lll. The Federal Reserve and B.I.S. are causing this. Currency has to be tied to a finite tangible value. The Organizations We the People look to, to solve the problem, are the very same Organizations that are causing the problems, while absorbing tangible assets.

  • @user-oe5ey3ex8b

    @user-oe5ey3ex8b

    Ай бұрын

    There's another option you're not considering. You look at the problem using their defined parameters and particularly the continued use of their fractional reserve fiat currency. Consider that for the first time in history we have the technology to migrate to a totally paperless ecurrency that these globalist bankers can't control or counterfeit. Bitcoin with all its flaws does prove the working concept of distributed ledger blockchain technology. What if we took this blockchain foundation and added a point of sale interface, a credit scoring system, web and mobile interfaces all based on a general ledger database foundation. This would eliminate not only state control over our medium of exchange but also inflation, deflation and the need for charging interest on a loan.

  • @jtomahawk7825

    @jtomahawk7825

    Ай бұрын

    It is the private sector that is causing this issue. Government just has to go with the flow.

  • @user-oe5ey3ex8b

    @user-oe5ey3ex8b

    Ай бұрын

    @@jtomahawk7825 The two organizations that William mentioned above are not "government" entities. The Federal Reserve Corporation is a privately owned corporation that is controlled by the same globalist bankers that run the BIS. The root of all our economic problems and many more is the type of fiat currency these organizations lend us to use. It's a ponzi scheme that is in its latter stages of collapse.

  • @williamabbott9437

    @williamabbott9437

    Ай бұрын

    @@jtomahawk7825 That's what I said. The Federal Reserve and Bank of International Settlements are the Private Sector. Neither the Federal Reserve or Bank of International Settlements are Government Agencies.

  • @CatherineWilson8
    @CatherineWilson8Ай бұрын

    I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.

  • @KevinClarke9

    @KevinClarke9

    Ай бұрын

    Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert

  • @ritalorrigan

    @ritalorrigan

    Ай бұрын

    True, A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

  • @MarkGrimm8

    @MarkGrimm8

    Ай бұрын

    How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?

  • @ritalorrigan

    @ritalorrigan

    Ай бұрын

    Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

  • @MarkGrimm8

    @MarkGrimm8

    Ай бұрын

    I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

  • @kortyEdna825
    @kortyEdna8257 күн бұрын

    Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighborhood that cost around $450k in sales in 2019 are now going for $800 to $950k. Every seller in my neighborhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.

  • @Pamela.jess.245

    @Pamela.jess.245

    7 күн бұрын

    It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

  • @defyingfinance9882
    @defyingfinance9882Ай бұрын

    Homebuilders are about to be crushed. They are buying down interest rates so they can keep their revenue high for now and eventually that all ends and they are paying the interest on all these loans. Those stocks are way overvalued.

  • @toddgammons9400
    @toddgammons9400Ай бұрын

    Home prices doubled in the lowest interest rates in history. Lowering rates will only hurt prices worse

  • @Dohair879
    @Dohair879Ай бұрын

    I looked at existing homes for 2 years and all I found was old, outdated, overpriced, junk. Getting new construction built for the same price but all new. Insurance is half the price as well.

  • @KingFergus
    @KingFergusАй бұрын

    Don't worry guys! Residential real estate is going to skyrocket! Keep buying!

  • @calledout4437
    @calledout4437Ай бұрын

    My mortgage payment $1750, if I sold and bought back my house, my payment? $5,000!!!!

  • @justinpedro5560
    @justinpedro5560Ай бұрын

    TRUMP

  • @iiio12

    @iiio12

    Ай бұрын

    Printed 8 Trillion. Bent to big farma.

  • @jimmyz5831

    @jimmyz5831

    Ай бұрын

    He was president. Are you richer?

  • @user-ob4em4ge6c
    @user-ob4em4ge6cАй бұрын

    Residential real estate crash.

  • @lawrencemartin24
    @lawrencemartin24Ай бұрын

    I bought a house with a 16% mortgage in 82. I refinanced it 3 times as rates dropped.

  • @mikejones3155

    @mikejones3155

    Ай бұрын

    Yea but the total cost of the house was probably $50,000 not $750,000… that’s the problem single family homes are selling for outrageous prices

  • @lvmsoundwave2923

    @lvmsoundwave2923

    Ай бұрын

    @@mikejones3155exactly, the price is the most important factor

  • @jerroldrieger5345
    @jerroldrieger5345Ай бұрын

    See many vacant business locations in Lake/McHenry Counties Illinois.

  • @karisduncan2490
    @karisduncan2490Ай бұрын

    $20 for 1/2 inch O.S.B is a big reason nobody is building all lumber is through the roof.

  • @snapfinger1
    @snapfinger1Ай бұрын

    Real Estate is no place for the loan dependent & debt laden. Cash is King.

  • @goldwingerppg5953

    @goldwingerppg5953

    Ай бұрын

    Tell that to Trump, that’s why he’s in so much financial and legal trouble.

  • @keithspernak6456
    @keithspernak6456Ай бұрын

    Median house price where I live is $800k. The towns surrounding the small city (which used to be a town 10 years ago) the median house prices are $650-750k. Newly remote corporate folks flooded my area in the last few years and completely upended everything.

  • @user-vb8yf8be3l
    @user-vb8yf8be3lАй бұрын

    In other words the US has to have 0 rates for it to survive

  • @citizencanechairrestoratio9766
    @citizencanechairrestoratio9766Ай бұрын

    Hello! Why is the fleecing of the tax payer to bail out the banks (but again) not even mentioned in this "report"? When you factor in the resulting effective mortgage rates are closer to 20%. The federal government (definitely not for the people) the fed and banks cullud in this fleecing. (Nice suit Charles)

  • @dbrew2u
    @dbrew2uАй бұрын

    Rates are Not the problem . Historically High Home Prices are the problem .

  • @mad541ify
    @mad541ifyАй бұрын

    No body talking about marriage divorce rates skyrocketing becuz of economy issues??

  • @adamplona9438
    @adamplona9438Ай бұрын

    super good reporting. I took a local "parade of homes" tour... they show off new houses to the public. There was a 3D printed house!! so cool. You could design it anyway you wanted too. Sky's the limit with this new way to build a structure. No wood, or building materials to mold, or decay, termites, etc. Concrete multi walled for strength. Really cool. ultra insulated with the "inner wall". Possible wave of the future!!

  • @charlespiper9291
    @charlespiper9291Ай бұрын

    Those commercial buildings would make a wonderful free home for the new ones

  • @xMaRus91
    @xMaRus91Ай бұрын

    If houses are sold all cash thats corporations not people dont mistake the 2. Make it illegal for corporations to buy homes, we need to ASAP

  • @silasinexile3711
    @silasinexile3711Ай бұрын

    FJB broke the markets all of them!!! 🤡🤡💩

  • @juannevindez6969

    @juannevindez6969

    Ай бұрын

    F J Powell as well

  • @fire-4-effect

    @fire-4-effect

    Ай бұрын

    Even if he wanted to, Biden could not do this alone. Dust off your middle school civics textbook.

  • @robertdouglas3174
    @robertdouglas3174Ай бұрын

    Bidenomics!

  • @blessed7fold
    @blessed7foldАй бұрын

    Not once did they detail where these foreclosures are occurring. They also didn't compare the foreclosure number to past foreclosure numbers. A lot of information left out here. This is bad reporting and clickbait all wrapped up in one.

  • @KenGaskins-nm3gx
    @KenGaskins-nm3gxАй бұрын

    You forgot to mention that in residential real estate, big firms like Black Rock are buying a lot of real estate with cash, and there have been a lot of deep pocketed foreign investors doing the same, especially if their economy is in trouble. A lot of the tech firms in particular caved in to their workers desire to "work from home" during the pandemic, and even now (i.e. San Francisco). Hind sight is 20/20, but the overreaction from COVID really killed city economies in many cities, especially downtown.

  • @merovingian688
    @merovingian688Ай бұрын

    Before the mortgage crisis there were too many houses so they let anyone with a pulse get one. Then Congress made getting a loan harder so home builders stop building houses since people couldn’t afford them. Well they continued building expensive homes. Now it’s a mess all around for the seller and buyer.

  • @Ray-kg9gq
    @Ray-kg9gqАй бұрын

    it went down to 2.5 million because of crime

  • @Commenter703
    @Commenter703Ай бұрын

    I am all for the rich getting richer. All that wealth is going to trickle down my way, and oh wow, just imagine how awesome that trickle is going to be if the rich get even richer, can you imagine? I love capitalism and our corporations, they are doing this for our benefit, don't you get it? Can hardly wait for that trickle.. one day..

  • @davidchupp4460

    @davidchupp4460

    Ай бұрын

    Dumb. Stop being part of the problem and become part of the solution. There’s plenty of opportunities available to become part of the upper class. The choice is yours. Stop blaming everyone else. It’ll keep you right there.

  • @scottowensbyable

    @scottowensbyable

    Ай бұрын

    I love capitalism too. It provided the work I needed to leave poverty behind. Thanks.😊

  • @philipdamask2279

    @philipdamask2279

    Ай бұрын

    Who do you think is building or producing all the things those rich people are buying? Is your job benefiting?

  • @Commenter703

    @Commenter703

    Ай бұрын

    @@philipdamask2279 You are so right.. i mean, thank God that the jobs pay so well that I can just barely afford the rent and food that keeps going up every year, faaaaar outpacing the real wage growth, thank heavens I am paid enough to survive, thank God i have the opportunity to get an education, and have the option of paying back $300,000 in interest-based loans! It must mean i am getting some incredible education that people 30 years my senior did not receive when tuition was merely a couple thousand a year.. I should thank my lucky stars for my corporate masters. I mean, if it weren't for the jobs these corporations are creating so that I could serve my masters being paid at subsistence levels for the masses, minus the deputized corporate stooges at the corporate level, I don't know if I could find a purpose and meaning in my own life with all that freedom. Yes.. it makes sense that I must fork over MORE of my own money to pay for the same goods and services, and make sure my masters are making record profits at my expense, because oh man, this is called an "investment" into that future i keep hearing from the headmasters.

  • @lawngnome2758

    @lawngnome2758

    Ай бұрын

    I love socialism, give the government all your money and freedom. They will feed me steak and lobster. All fresh food as much as I need. With socialism my grandmother will have a nice warm home all winter free health care, my kids will get the best education way better off and We wont have to work. It's going to be great 😂

  • @kmng3207
    @kmng3207Ай бұрын

    Interest rates are not gonna come down if anyone thinks. $1 trillion of debt from the interest of our national debt is due every 100 days as of now it’s due in 98 days. IMF sends a letter to Congress April of this year warning them of our deficit and that we have no money. Fun times fun times. However America, we will still have our taxes due. We will still have to pay for their mistakes as always sounding a little salty you’re darn right.

  • @dougiep2769
    @dougiep2769Ай бұрын

    Office buildings going down and work from home programs failing. God candian fo. Has had to hire consultants out the wazo cause nothing is getting done

  • @lipozrljohnson7078
    @lipozrljohnson7078Ай бұрын

    I don’t know why many think one job does the trick. You have always needed some other source of income. One job is average and you want to be better than average.

  • @marklosnick
    @marklosnickАй бұрын

    100% correct but the rent is not "sticky". Rents are going to surge.

  • @LoseOn22s
    @LoseOn22sАй бұрын

    This was exactly what I was trying to say, but have not heard anyone speak about this. People automatically say “if interest rates go down, then prices will go up”. But they are not seeing the other side of it too. Interest rates are going up and prices seem to be going up as well. Higher interest rates are keeping sellers from listing their home since they don’t want to buy a new home with the newer high interest rates. I don’t own a home, but I did sell a couple of my cars for way above what I paid for them recently, and I still have not bought a new car because I don’t want to pay for those inflated prices. So I am just waiting on the sidelines for now. An argument against what I think would be the reason why inflation is still up is due to the fed still printing money currently. But I don’t think what I said is not valid either.

  • @darrenmccammon9636
    @darrenmccammon9636Ай бұрын

    New York City's tax base is hollowing out: Apollo Commercial Real Estate (ARI) announced a $1 per share write-down on its Steinway Tower loan. The average whole floor apartment at Steinway Tower has an excellent view of Central Park and runs about $20 million. The Penthouse goes for more than twice that. If this kind of property in NYC is taking significant write-downs it implies a meaningful hollowing out of New York City's tax base.

  • @zeke5491
    @zeke5491Ай бұрын

    People are too scared to work in the crime ridden cities

  • @fire-4-effect

    @fire-4-effect

    Ай бұрын

    People are scared to work, period.

  • @captainkrunch6372
    @captainkrunch6372Ай бұрын

    I have a 9 year seasoned 30 year mortgage at 3.325 that's assumable for about 50 % of home value, I would think that this would be a great selling tool as every payment to the lower interest rate mortgage is much less intrest and a lot more principal reduction. Am I missing something?

  • @markfcoble
    @markfcobleАй бұрын

    Lender Processing Services can help! Cook those books!

  • @shannondavis5728
    @shannondavis5728Ай бұрын

    home prices are still unaffordable even price all the small price drops recently!!!😳😳😳😳

  • @Brandee.
    @Brandee.Ай бұрын

    Mmm, people don't have money 😒

  • @erickrepps1732
    @erickrepps1732Ай бұрын

    Science did that..

  • @DaMartyr

    @DaMartyr

    Ай бұрын

    😂

  • @fu4616
    @fu4616Ай бұрын

    A community of 7500 homes was just approved near my small Arizona town. I cannot phantom that staggering amount of houses... in the desert no-less.

  • @forgotten320

    @forgotten320

    Ай бұрын

    Which then will lead to a water issue.

  • @godislove7927
    @godislove7927Ай бұрын

    If care is not taken, the better days we saw yesterday would be difficult to see again in the future.

  • @jonathantaylor6926
    @jonathantaylor6926Ай бұрын

    Builders don't build small homes because there is no money to be made.. the cost per square foot on a 1,700 square house is way higher than on a 3,800 square foot house. Many cost to build.. site work, well/septic or utility hooks ups, survey etc are the same regardless of home size. Even the variable cost get cheaper when you go bigger.

  • @paulwinters6024
    @paulwinters6024Ай бұрын

    Don’t allow private equity and foreign capital to buy single family homes. This isn’t hard.

  • @aristotlekumpis7095
    @aristotlekumpis7095Ай бұрын

    Commercial real estate is in big trouble. There is something like $90 Billion in readjusting loans in 2024. And another same amount in 2025. And with rates around 8%, office space could be in a lot of trouble.

  • @brandonlee4013
    @brandonlee4013Ай бұрын

    It's fvvked for homed buyers !!

  • @andyhughes1776
    @andyhughes1776Ай бұрын

    It was the best of times. It was the worse of times.

  • @EllieMaes-Grandad
    @EllieMaes-GrandadАй бұрын

    The cost of all the expensive virtue-signalling has still to fully impact the national economy. It's just a matter of time now . . .

  • @vicwiseman6038
    @vicwiseman6038Ай бұрын

    Note to sell, buy the biggest home you can in order to get the best value. All the big homes are discounted!

  • @tyrehester5550
    @tyrehester5550Ай бұрын

    !? 60% of all homes in NY sold for cash in Q1 !?

  • @stephennichols90
    @stephennichols90Ай бұрын

    Good news really Prices are way too high. 20% for middling a sale is fked up 😂

  • @southerncalicards
    @southerncalicardsАй бұрын

    Here's one really simple question: Why hasn't there been an up stick in home building? No one needs to be an expert to understand that's the root of the problem! Who's holding back builders from building? Seems like this is being orchestrated on purpose!

  • @shannondavis5728
    @shannondavis5728Ай бұрын

    Rents are still to high also!!!

  • @shawnPATSFAN
    @shawnPATSFANАй бұрын

    We must remove 100 % of all investment money out of residential resale real estate of four units or less ....

  • @23pinkpear
    @23pinkpearАй бұрын

    whenever i see these headlines i think about my friend from bb that went into CR in 2007 -Am A bad person for not wanting to reach out and feel his trauma

  • @merovingian688
    @merovingian688Ай бұрын

    Mobile homes are the only affordable housing

  • @stanbarrington

    @stanbarrington

    Ай бұрын

    Not with ever increasing rental rates! Big biz wants you to go broke.Then abandon your old antique mobile home ,move out so the lots can be sold to developers.

  • @merovingian688

    @merovingian688

    Ай бұрын

    @@stanbarrington My point is it’s a cheap as it gets for home ownership. The average home in my city cost $420,000. My neighbor pays double my mortgage in rent for a smaller home. If you know a cheaper path to ownership millions of people are listening

  • @briaf3370
    @briaf3370Ай бұрын

    Why are all freaking about a fed rate of 5.5%?

  • @christmastree5496
    @christmastree5496Ай бұрын

    Any government worker has no problem buying a home.

  • @fjb5894
    @fjb5894Ай бұрын

    It’s a club and YOU AIN’T in IT!!

  • @parsley6805
    @parsley6805Ай бұрын

    Had rents and home prices not skyrocketed rates would not have to be raised, lower the prices not the rate

  • @christopherrichardwadedett4100
    @christopherrichardwadedett4100Ай бұрын

    Sticky inflation = Hyperinflation? (OED, Compact Edition)

  • @elvispresley3234
    @elvispresley3234Ай бұрын

    Is anyone looking at Amy Nixon (the blonde) and thinking Breaking Bad Walter White's wife Skyler? :))

  • @jgboys1
    @jgboys1Ай бұрын

    Who would want to invest in or buy commercial real estate when more people are working from home more than ever?

  • @cohomesource
    @cohomesourceАй бұрын

  • @southernsweettea3478
    @southernsweettea3478Ай бұрын

    Didn't mr. Buffet tell is this would happen???

  • @nickvin7447
    @nickvin7447Ай бұрын

    The six figure renters would not be buying even if rates were lower. The prices of the homes will not last, and people know it.

  • @7_of_9
    @7_of_9Ай бұрын

    Rates at 16% homes were not overpriced!!!!

  • @southernsweettea3478
    @southernsweettea3478Ай бұрын

    Make rent control a national thing

  • @Andre1CustomShoes
    @Andre1CustomShoesАй бұрын

    We have been in a recession ever since Biden took office 🤷🏻‍♂️