Title | : | The Housing Market CRASH is Cancelled |
Lasting | : | 16.12 |
Date of publication | : | |
Views | : | 22 rb |
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In order to buy cheaply, I'm waiting for a housing crisis after selling a few houses in 2020 I've been considering buying stocks as a fallback Do you have any advice on when is the greatest time to make a purchase? On one hand, I continue to see and read about traders making more than $$$k per week On the other hand, I constantly hear that the market is crazy and in the midst of a dead cat bounce What causes this? Comment from : Shelly lofgren |
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Some signs similar to 2008 Comment from : IMDOC78 |
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Canceled?? Than what am I going to do I live in Oregon make 60k a year and can’t even afford a tiny 2 bedroom 1 bath It’s insane Guess I’ll be homeless Comment from : Brad M |
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Home values in Florida are declining rapidly Comment from : Joe |
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Hey We are doing exactly what you are saying and sitting on our next purchase Question for you, do you think the upcoming election and all the drama is going to bring is going to help with this recession? Comment from : Charfilly |
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Tired of this crash BS! Comment from : Trans Acumen |
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Market timing is statistically proven to be a loser Those in action are the ones who end up statistically winning with much higher probability Comment from : Truth Opinion |
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In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity If they become unable to afford their homes, foreclosure becomes a likely outcome Even attempting to sell would not yield any profits This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living Comment from : Alex |
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So much uncertainty in every market these days Just buy when it is financially smart for you to buy If you wait 3 years and pay rent at $2,000-$3,000 a month you just just paid $48,000-$108,000 in rent That could have went towards your mortgage But instead you waited for pice drops of 10-20 Well on a $500,000 house you are saving $50,000-$100,000 So you sacrificed not buying and living in your own home and renting for the same amount of money you would have put into a mortgage Now I get that we have interest, but you shouldn't be buying too much house where you can't make the payments or live paycheck to paycheck anyways Comment from : Curtis Rylant |
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The quality of your video and data is excellent Comment from : Robot |
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My company just laid off 5 ish people Amazon is laying people off I heard and also other tech companies brbrSo yeah, unemployment number will and should change Comment from : PK Kim |
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Makes sense What nobody seems to talk about is that the housing market itself can be what causes the downturn to come sooner than later People can't sell, can't buy, can't move, can't afford a lot of people need to move for jobs, people who don't move and don't buy houses also don't buy furniture and all the services that go along with that Companies can't find workers and have to cut back operations and production because people want to stay put and try to save money, it's too hard to move or find a place to live or risk not being able to keep a roof over your head The housing bubble itself is what will pop the housing bubble It's not canceled It's just delayed The fed rate hikes were never going to bring prices down until something breaks They are defending the currency in the long run, they don't care about what happens to people Comment from : Greater Fool |
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FYI, "dropping a dime" means calling the cops on someone, maybe you meant "at the drop of a hat"? Comment from : Greater Fool |
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Builders are playing with supply of homes, they are not listed until finished and sale is completed There are real estate that are not found in the listing Drive around and lookup homes for sale that are not in the NLS data This keeps the numbers available homes for sale low, ;low inventory is a lie, only to keep the price high Comment from : Webburns |
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you cant cheat death, we died in march 2020 we were on life support Comment from : brian oleson |
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I will continue to invest in these discounted prices Comment from : jermaine kaisley |
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Everyone that says a crash isn't coming looks at why 08 happened I'm sorry but this is not 08 honey You can't look at 08 factors and say look it wont drop Just like no stock market crash happens for the same reason The indicators are saying crash, the reasoning is not known to most at this time Comment from : Anthony Lowry |
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I don't think the market will crash just yet, the market can stay irrational for more longer than we can expect but i believe good opportunities will present themselves in the market as from 2024 A downward trend is most likely imminent and long overdue Comment from : David Sazz |
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Mortgage costs (repaying the debt + paying interest) have gone up by some 100 compared to mid 2021 This is based on a "back-of-the-envelope" calculation and those pesky rising rates are to blame Based on this metric house price have to come down by some 50 (assuming the same interest rate) to make them as affordable as in mid 2021 Ouch & OMG Comment from : Willem Grooters |
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Travis, I think you are wrong Consumer spending will not stop Consumers have billions in home equity they will tap so they can continue spending Comment from : Ken Smart |
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It depends where youre talking about There are still areas of the US where you can buy a newer 3/2 for under $200k & rents of $1600 Im not talking high crime or bad locations They are just undervalued but They are being bot up quickly, mult offers Comment from : PROUD GRANDMA |
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People stopped paying their mortgages in 2008 because they owed way more than the house was worth The overwhelming majority of folks now have equity in their homes They wont stop paying, they will sell it Stop dreaming there will be no crash You should have bought two years ago or even last year when it was "the worst time to buy" Comment from : big74blazer |
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Taxes Its not 60 more income we need to meet affordability Its more like 80 more income to meet affordability Or prices come back down brbrIm betting on prices coming down over incomes doubling Comment from : Mark Pitchford |
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Just checked my zip code on Zillow and the houses are still selling here just fine The only things available are 1-bedroom condos There has been no crash here and I don't see any evidence of it happening soon It's not just cancelled; it was never scheduled here Comment from : gabrielsyt |
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Great video, Travis!! Comment from : Promise Rose Horton |
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I'm also sitting on the sidelines waiting Comment from : trinitrojack |
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Consumer credit card debt, auto debt, student loan debt, inflated prices, insane housing cost All of it is all time high Ya housing crash is totally canceled lol Comment from : Kevin |
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Mortgage delinquencies has nothing to do with equity People can afford their mortgages Interesting how people make it seem like every household only has a one income person in it when we see reality of two people working in a household Comment from : Brittani Williams |
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Can you please do a video on the reasons for buying now and refinance later I think a lot of people are using this as a strategy to get something now What are the pros/cons? What’s your opinion? Thanks for your videos! Comment from : Vic B |
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Helpful info, thanks Comment from : Rank |
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Please help me understand why people think it is okay to purchase a house in 2020 for $265,000 and sell it in 2023 for $500,000! People are in the twilight because people are purchasing these homes and can't afford to buy groceries!!! Comment from : NikkiM |
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Stock market is up due to government spending… Comment from : Anthony Breeding |
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Just checking in It’s September Still no crash 😂 Comment from : Olakunle Ojo |
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If crash is canceled I'm getting into construction Comment from : D4x4Bronc |
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How long are you willing to wait on the sideline? Comment from : Delayed Gratification |
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Some mixing of stats here If an income is 100k and the house is 700k the ratio is 7 But two incomes live there so the ratio is 35brMany places have two earners so prices are appropriate for that Comment from : Michelle Rahn |
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We’re already in a recession Soft landing impossible Comment from : Michelle Rahn |
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It's canceled unless you are buying or selling a property above the median in most markets Comment from : Brandon Busam |
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Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again thanks to my this Instagramer broker bLandra Lilly Macy/b I found in a business magazine where she was featured and reached out to her afterwards She has since provide entry and exit points on the securities I focus on You can look her up on her page if you care supervision I basically follow her trade pattern and haven’t regretted doing so Comment from : Dominic Suggett |
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Friend be straight up with us and drop the hammer!!! We are already in Recession Comment from : Byron McDougald |
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Thanks for all the information Travis well done man Comment from : CJ Spencer |
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Like your route and straight to it Can’t bluff truth Good work Comment from : Zach Mclean |
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What a great breakdown Inflation won’t be the cause of economic meltdown here, excessive debt will! Especially w/ the insanely high home prices these days Comment from : G M |
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Good data Comment from : Lee Bailey |
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Boom Boom Doom Comment from : Ryan K |
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I keep hearing people talking about how everyone is going to make out like bandits after the collapse brThose who are saying this only understand economics and don’t understand politics What is happening is being done on purpose brGovernment as well as some very wealthy individuals are working with the government All properties will eventually be owned and controlled by them Any investors who try to capitalize on these properties will either be taxed or regulated in to bankruptcy I’m sure some will find this a conspiracy theory but time will tell Comment from : American Revelation |
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😕 😞 I guess time will tell🤞🙏 Comment from : Swayzyyy |
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I love this I also like what @clearvalue tax has to say, but he says the opposite Can you comment on what he is saying? Comment from : Adrian Rendon |
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Agree 100 But it’s amazing that people still think that housing will continue to go up at this pace Crazy Comment from : BJ Dekreek |
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house listing prices are getting cut it starting to flop Comment from : Marks Google |
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If the gov't doesn't pump more stimulus money into the economy, we will see a crash within the next couple years - no doubt Comment from : jadoriffic |
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Great video Travis, your best to date Comment from : Mark Me |
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Biden issued house affordable act on Huly 27th I wonder if the investors want to manipulate public to sell their rip off houses before the correction Comment from : Patama Gomutbutra |
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Roast Clear water taxes!! Comment from : Jake The Snake |
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Honest question: Why is the Fed allowed to manipulate the economy? And it seems to me that the variance in the economy is due to that manipulation Idk Comment from : Staislaus |
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Great presentation! The problem is only partially the need of people to get a housethe problem is also driven by greed from sellers and real estate agents pushing the prices up It has also been driven by the real estate investors buying-up a significant portion of reasonable priced housing, so that buyers can only place offers on more expensive houses Comment from : Ray Zimmerman |
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Oh shit! The sky is falling yet again!! Comment from : MrBigBoy4Life |
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When the crash finally arrives, it will be epic! Get yourself in good position to buy property for pennies on the dollar! Comment from : John Flynn |
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Can you touch on the of purchases that are investors vs non-investors? Comment from : Frosty92111 Meddles |
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Once again it simply boils down to If you only have one stream of income Or no income coming in you and your family are screwed The recession started back in July of 2022 Comment from : Jermon |
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New sad awful normal 😞💔brWe can't even afford our beloved Houston sad Comment from : BlessedMama GS |
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Absolutely BONKERS! Comment from : Believer of the Word |
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You NAILED IT ONCE AGAIN 😊💥❗️Thank you Travis for another awesome video today Blessings, Carlos ✝️🙏❤️😊🇺🇸 Comment from : A Million Restaurant Tip’s |
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Help, I am a disabled vet with a fixed income of $3500 a month I do not have any debt as I own my car outright I am looking at a $228K new home in San Antonio and need to get my payment under $1000 I do have $70K to put down How does this sound to you Thanks Comment from : Larryr |
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Plenty of starter homes here in indianapolis for under 200kbrOlder single family homes Comment from : Gabe Gordon |
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My saving are fine and i don’t have credit card debt Comment from : AlphaKor |
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Have you been drinking? Not only is the crash coming the entire economy is going to fail Comment from : Fl Bizowner |
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Is it worth it to relocate from SoCal to NorCal specifically Redding? Housing seems affordable if prices stay Comment from : Michael |
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Pretty sick of the Bureau of Labor Statistics sandbagging those unemployment numbers They should change a lot come November Comment from : Fizzbin |
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It's also way higher than Dave Ramsey's 25 Net Income rule for mortgage prices Comment from : Huckleberry |
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I wonder how many people that retired at the beginning of Covid (because of fear, not because they were prepared to) are getting beat up by the crazy inflation Comment from : Vernon Williford |
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Everyone, I pray for you I pray for us Things are going to get really bad We’ve had a period of 0 interest and with a flip a switch have tightened to the highest rates at the fastest pace in history practically brHome prices will not matterbrI assure you If you are on the sidelines you will be grateful Comment from : kristina |
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Rent to income ratioHAHAHAHA!seriouslyhere in Portlandlets try 5028 would be a God send! Comment from : Steve Koch |
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Too late for a lot people trying to wait it out you missed the boat ! Comment from : JIMFED |
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It is difficult to make any argument against your analysis! I’m not an economic brain but I follow all of your analyses…you back your argument very well Thank you for your hard work brother!!! Comment from : Tommy John |
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Society is weak minded Comment from : Gabriel W |
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You nailed it The buyers right now are desperate for housing and making a huge financial mistake Many think they will be able to refinance I don’t believe rates will come down anytime soon Years of high interest rates to come Comment from : Todd Kingsley |
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national average 30-year fixed mortgage APR is 758 👊 💥 👀 Comment from : Ben Richards |
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Sell High Buy Higher Comment from : Ron Pagala |
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Like the realtor geniuses say, ' there is no better time than today to buy a house' Just don't believe them Comment from : Ra Cay |
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Instead of a fast paced deflation in prices I'm on board with a slow slog down over a few years Nobody is buying, nobody wants to sell, but with all factors considered the fundamentals point to a down market, but not real soon Comment from : Daywalker87 |
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Thanks brother Comment from : Ra Cay |
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The fact the fed came out today and said not to expect more rate hikes with CPI coming in hot makes me think shit is about to hit the fan and their data says things are fucked Comment from : david mann |
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Just wait till rates go down a little bit man home prices are going to drop like a rock in water 😂😂😂😂😂 Comment from : Andre Jones |
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Travis, I watch a lot would appreciate it if you titled them appropriately Why this title is NOT what you said in the video Comment from : Stephen Baughman |
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Prices are going nowhere but UP here in Fairfield CT 45min east of NYC Every single house that has come on the market within the past 3 weeks has sold for cash above asking As long as there is a desire to move out of NYC, to have a back yard, to not have neighboors behind every wall, prices will keep rising here Comment from : mike ru |
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Thank you Travis! Now that you called off the crash, I'm going to buy immediately Comment from : Medic 19 |
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I know they lie about inflation number Comment from : Strong Jack |
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