Real Estate Just Hit A New Record High - But There's A Problem...
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Top Comments (10)
I HATE what’s happened to the housing market. Billionaires and wealthy investors have ruined housing and land values for everyone else. 😡
It's not that the $700+ keep selling and the $500k ones don't. It's that the houses that were desirable before in the 500k are now the 700k and the houses nobody wanted that were 200k are now the 400 500k ones. The ones that were for millionaires are now in the 1.5 millions. THOSE are the now expensive ones. 700k is the new normal.
Homes prices keep going up in my area in California. I own my home but makes no difference as I can't afford to move.
At some point most people are going to sell their houses due to property and insurance being too high. With the government and insurance companies being in cahoots with corporations. Most of the population will be renters in the far future. Just my thoughts.
Register for my free masterclass & get Market Briefs as a bonus: https://briefs.finance/be206e WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS! There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!
An 11 minute video to say, "I don't know". Wtf 😂
One thing I noticed you mentioned towards the end of the video that was super interesting is that purchasing of expensive homes (defined as $750000+) is higher, however in states like Massachusetts ,what has also happened is that homes that were previously not considered in this range ($500k-$749k pre/during COVID) have shifted into this (expensive, $750k+)range. Likely these types of homes are still desirable for most home buyers and is what many prospective buyers have determined at the type of house they want. Similarly houses that were in the $250k range have now shifted into the $450k range but the desirability of these houses( at least in this state) hasn’t changed.
Let’s remember that real estate is hyper local. And within each local market there are sub markets: price range (as he discussed), condos, resale vs new builds. His message is on point however at the macro level.
Thanks for that last little nugget. So real estate is actually down 3%. for those of us not living in lala land.
No b.S Pure information 🙏🏻
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Top Comments (10)
I HATE what’s happened to the housing market. Billionaires and wealthy investors have ruined housing and land values for everyone else. 😡
It's not that the $700+ keep selling and the $500k ones don't. It's that the houses that were desirable before in the 500k are now the 700k and the houses nobody wanted that were 200k are now the 400 500k ones. The ones that were for millionaires are now in the 1.5 millions. THOSE are the now expensive ones. 700k is the new normal.
Homes prices keep going up in my area in California. I own my home but makes no difference as I can't afford to move.
At some point most people are going to sell their houses due to property and insurance being too high. With the government and insurance companies being in cahoots with corporations. Most of the population will be renters in the far future. Just my thoughts.
Register for my free masterclass & get Market Briefs as a bonus: https://briefs.finance/be206e WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS! There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!
An 11 minute video to say, "I don't know". Wtf 😂
One thing I noticed you mentioned towards the end of the video that was super interesting is that purchasing of expensive homes (defined as $750000+) is higher, however in states like Massachusetts ,what has also happened is that homes that were previously not considered in this range ($500k-$749k pre/during COVID) have shifted into this (expensive, $750k+)range. Likely these types of homes are still desirable for most home buyers and is what many prospective buyers have determined at the type of house they want. Similarly houses that were in the $250k range have now shifted into the $450k range but the desirability of these houses( at least in this state) hasn’t changed.
Let’s remember that real estate is hyper local. And within each local market there are sub markets: price range (as he discussed), condos, resale vs new builds. His message is on point however at the macro level.
Thanks for that last little nugget. So real estate is actually down 3%. for those of us not living in lala land.
No b.S Pure information 🙏🏻