PROOF Housing Crash ALREADY HAPPENING IN THESE CITIES...

Job Market Approaching "DANGER ZONE" TOO MANY LAYOFFS https://youtu.be/3v3qpAbjoeo

I'm in Michigan, and the housing market here over the past 7-8 years has been unprecedented. Houses that were purchased for $130K in 2015 are now going for $590K. These are tiny, poorly constructed 950-square-foot homes in quiet, mediocre neighborhoods. Meanwhile, nicer, average-sized homes in better neighborhoods that were over $300K a decade ago are now selling for $750K+. It's wild.

Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.

When you over price your house 500% to 1000%, the price is doomed to drop in order to sell it.

This is great news. I don’t know why anyone would be upset. My kid is trying to buy a house. Lower prices are great for home buyers. My house is ridiculously overpriced and is worth half as much in reality. I want my house price to plummet. Then my property taxes will go back to a reasonable level. I’m forced to pay higher taxes because of lies and nonsense in the housing market claiming a $250k house is somehow worth $450k after just a few years. It’s not. I’m being robbed.

My dad is 80 years old and when he was 50 his mortgage was $360 per month for a 5 bed 2.5 bath with a sun room hot tub on large corner lot. He was making over $200k per year. The way people live now is wrong. Too much stress no happiness.

Crazy times right now. I remember 1980’s TV show “Married With Children” . It was a sitcom about a Shoe Salesman with 2 kids living in a beautiful single family home with an attached two car garage with his shopaholic wife, a stay at home mom living a comfortable life with a dog. Wow, how times have changed.

NYC is no longer such a desirable place to live.

just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.

I watch your channel every day and I love it. Filled with facts and data. I don't post often (one a decade) but when you mentioned that you received criticism for "repeating" or anything else, I would love to watch the video from that critic. How you walk and lecture perfectly, without a script, is awesome. Just moral support. Also, I always leave a thumbs up.

You are in Marin county, one of the safest and richest counties in the nation, talking to folks about things crashing. Literally, those folks in that area could care less they are so rich and safe.

I bought my small duplex in 1997 for $44,900, fully paid off in 2008. I live in one side, and currently rent out the other side for $1,800 a month. With upgrades and maintenence over the years, it is now worth $300k. But I'm not looking to sell anytime soon, this is where I'll live out my old age, all conveniences is within a 1 mile radius, and I love my neighborhood and neighbors. I'm now 60, I'll soon qualify for social security (Yay!). For added income, I've been involved with online auctions since 2005, and my sales have been solid year to year, even during the pandemic. I consider myself fortunate, no real complaints, since i have everything i need, live within a budget, and live a basic and simple lifestyle. I avidly ride my bike, go swimming, hike the levee, visit my local library, free weekend festivals, etc, things that don't cost me anything. This is a nearby suburb outside New Orleans.

These areas that are crashing have become too dangerous, too undesirable, or too tyrannical

The value of my home went up 100k from 240k to 340k 2 years ago. now my property taxes are much higher and I do not think my home is worth that muck.

My parents bought a 170k house in 2001 that is now worth 500k.. no one in my family could afford a 500k house...

A lot of these houses built in the last couple of decades are built very poorly. Almost cardboard roofs and walls.

A report today on Fox says over 200 cities nationwide have starter homes with prices starting at 1 million. Good luck everyone.

Anecdotally, there was a house near me that was built in 2005 for $1.25M, fast forward to 2018, the owner listed it for sale for $1.6M. They just assumed the price had increased after owning it for 13 years. By late 2019, they had lowered the list price by $600K to $999K. They finally settled at $775K in late 2020, nearly $900K under the original list price. Had they waited literally 3 months, could have gotten $1.2-1.5M. After seeing this, there is no logic in real estate pricing. Your property is only worth what someone wants to pay for it.

No one I know ever says, "Lets move to New York". No one!

A crash and bullish market provides equal high-yield potential, it's all about information and strategy application, I've seen folks make huge 7figure profit in a crashing market and pull it off much easily in a bull market Unequivocally the crash/recession is getting somebody somewhere rich.