People Are SICK OF HOUSING BEING SO EXPENSIVE!

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Published 2024-06-21
Home buyers are protesting this housing market, and it is showing up in the data. Home sales are now down 2.9% from 1 year ago meanwhile inventory is up 8.8% from 1 year ago. Prices still continue to climb on a median basis however, this cocktail of lower home sales combined with higher inventory means it will only be a matter of time before homes get a little bit cheaper.

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#realestate #housingmarket #homeprices #housingmarketcrash

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All Comments (21)
  • To my own research In USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.
  • 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.
  • @corey8924
    Owning property isn't always about profit. It's nice to have a home.
  • @mandarin408
    I will say it again: Primary residence and your primary shelter should be tax free. 0 property taxes!
  • @9999deoxys
    Shoutout to Pops...Best part of the video. It is good to see a Dad and Son doing something together. It does not matter what the thing is. Have a great weekend!
  • @dp.7616
    My father passed away in 2016 and I called him pops. ..enjoy your time with him ...time DOES NOT heal that wound...that void is NEVER filled .
  • @strokeracp1
    Paying taxes on property you supposedly own is extortion ❗
  • @alicruz4900
    A few problems with the housing market: stop selling to corporations. Stop selling to non us citizens. Stop selling to ppl who own more than 3 properties. Families should be able to afford at least one owned home!
  • @QRCodes4U
    I used to be a mail carrier for 14 years. It was a good job. Glad to see your dad on the videos📫
  • @mr.shelly1812
    I still will never understand how these people are affording .5 - 1 million dollar homes. I mean, the taxes and insurance alone must be amazing.
  • @lyfsalgorhythm
    people are sick sick of housing being expensive and they are the ones overbidding. if its too expensive then dont buy it, if its too expensive to rent let the place sit. self control is free.
  • @jsd354
    Houses there are cheap because nobody wants to be there!
  • 🎉🎉🎉 I’m so jealous 😢, my Dad passed away when I was 22 years old and I missed out on a whole bunch of life stuff. Enjoy walking and talking with your Dad. Blessings,Carlos ✝️🙏❤️😊🇺🇸
  • @debbiec6216
    Michael you are making memories with your father , you are both spending quality time together.
  • @randomchord
    When the economy is crashing so hard that the most popular food chains in American history are closing down because food is too expensive..... yeah... the housing market might be in trouble. Rent and utilities are the things that people cannot cut back on and so those are going to be one of the last things to show the sign of the coming crash. The closing and shuttering of restaurants on the bottom end of the restaurant industry is a tell. The one thing we have control over is our bodies and cutting down on eating, and especially eating out, is the number one way people can be able to not spend money. Fast food was one of the cheapest way to feed oneself for decades and the fact that people cannot afford it just shows that the ship is sinking. The housing market on a downturn represents the upper-middle class and the elite that buys and sells property being on a tighter budget. Imagine how bad it is for those of us living paycheck to paycheck. We cant even afford a McD's cheeseburger. Nononono. Stop right there and think on that for a sec. We Cant Afford To Buy A Cheeseburger. It's not about fast food places raising prices. It's not about fluxes in the real estate industry. It's about inflation outpacing wages at a rate never seen before. The fact that that is being spun as the fast food joints having high prices instead of focusing on the other side of the equation, the fact that people don't have the money to keep up with inflation, just goes to show how dishonest the news media has become protecting their party and trying to hide it's epic, historical failures.
  • Rockford has the highest property tax percentage in the country. When including taxes, it makes houses unaffordable and reduces appreciation. The worst of both worlds.
  • @larryjanson4011
    my mortgage was good. but now state farm has raised my insurance so much it hurts. and was told, be grateful, as many lost coverage. this is for no reason other than a high profit thing.