This Is Breaking The Housing Market...

Quicker the rates go up the quicker we can get to deflation.

People complain about the fed raising rates but they should have been more aggressive. Home and auto are way out of control and it damages the economy in other ways. A reset is needed even though it will be ad for a year or so

It shows how many things are connected and how they affect people who build and buy homes, as well as the overall economy. It's important to pay attention and be smart with money during these times. Thanks for explaining it all!

mortgage rates can be refinanced, you can't refinance or renegotiate price. Prices are toooooo high

I truly appreciate this information. I make an effort to tune in often. This is all kind of scary though…I want to buy a home but I’m honestly not sure what to do as my purchasing power has changed drastically from just a month ago and it continues to worsen.

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No crash in sight in Canada. Houses are still selling over asking and at breakneck speed. People are are fighting each other to overpay for houses that I wouldn't even want to live in. Rent is off the charts stupid. I make over 120K a year and still cant keep up with cost of living in BC. Until there are more houses than buyers prices will continue to rise. I closed my business and Im going over seas for a couple years to see if the madness settles down.

One thing I don't get is people saying to move to rural areas when they hate city people and cities. Like I'm pretty sure if people buy up all the land in rural areas and build houses, it's gonna become more of a city. And businesses are worried about office building value and killing the downtown. Maybe downtown wouldn't have to die out if people can afford to live and we had a stable, strong middle class to go downtown for fun instead of being forced to work downtown

Well these home building companies should have not played with fire by building only a couple houses at a time when the market was good. They were banking on curbing the supply to keep people on the bid war game driving the home prices up. They should have played the long game and built more houses and curbed the bidding a little and kept the game going and they would have made more ROI in the long run. They got greedy thinking they could control the market with slim supply.

Thank you so much for putting out all of these free financial videos. I have my son watching you now (he's 14) and your honesty and forthright approach are priceless in today's greedy world. You're amazing.