The Last Time The Housing Market Did This, Millions Lost Everything | Ken McElroy x Jaspreet Singh
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Top Comments (10)
If our home price drops, our freaking property taxes should drop, too
thank you random guy on youtube
High interest rates were when the local banks gave 10% on savings, I’m old enough to remember those days.
7:11 also add new houses are hastily built but still priced as if immaculate
People had equity in 2008, that is, until they didn't. I tried to convince many that they needed to sell their homes while they still had equity. In 2006, buyers offered my sister $2 million for her home. She had no job and no other assets. I told her to sell because unemployment was on the rise and home values would fall. Near the end of 2007, she sold for $1.1 million, the outstanding mortgage. She walked away with nothing. When unemployment rises, home buyers disappear. The equity owners had disappears. Home owners are strapped with much larger home owners insurance, much higher taxes, and HOA fees. Condos are already starting to crash. Single family homes will follow.
Retired at 48, earning 25K biweekly... but honestly, the money isn't even the highlight. What means the most is having a family that stood by me when life was tough. I'm living the life I once prayed for. If you're still fighting your battles, don't lose hope - your season is coming 🎉
If the logical conclusion is that the government will have to step in, that’s not a good sign
Watch my free investing masterclass and get Market Briefs as a bonus! https://r.briefs.co/free?utm_campaign=TOF_Content&utm_medium=organic&utm_content=fygiYNLNQaw&utm_term=minority_mindset&utm_source=youtube&utm_placement=youtubepinned 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!
There’s more than 600K plus of supply over demand right now. Prices may not have dropped enough in many areas but it’s not due to a lack of supply as Ken says.
If builders keep building crapy houses that fall apart in a few years,,,i think even if prices go down people are going to keep away from new builds.
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Top Comments (10)
If our home price drops, our freaking property taxes should drop, too
thank you random guy on youtube
High interest rates were when the local banks gave 10% on savings, I’m old enough to remember those days.
7:11 also add new houses are hastily built but still priced as if immaculate
People had equity in 2008, that is, until they didn't. I tried to convince many that they needed to sell their homes while they still had equity. In 2006, buyers offered my sister $2 million for her home. She had no job and no other assets. I told her to sell because unemployment was on the rise and home values would fall. Near the end of 2007, she sold for $1.1 million, the outstanding mortgage. She walked away with nothing. When unemployment rises, home buyers disappear. The equity owners had disappears. Home owners are strapped with much larger home owners insurance, much higher taxes, and HOA fees. Condos are already starting to crash. Single family homes will follow.
Retired at 48, earning 25K biweekly... but honestly, the money isn't even the highlight. What means the most is having a family that stood by me when life was tough. I'm living the life I once prayed for. If you're still fighting your battles, don't lose hope - your season is coming 🎉
If the logical conclusion is that the government will have to step in, that’s not a good sign
Watch my free investing masterclass and get Market Briefs as a bonus! https://r.briefs.co/free?utm_campaign=TOF_Content&utm_medium=organic&utm_content=fygiYNLNQaw&utm_term=minority_mindset&utm_source=youtube&utm_placement=youtubepinned 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!
There’s more than 600K plus of supply over demand right now. Prices may not have dropped enough in many areas but it’s not due to a lack of supply as Ken says.
If builders keep building crapy houses that fall apart in a few years,,,i think even if prices go down people are going to keep away from new builds.