Higher prices = lower affordability. Lower mortgage rates may pull in the unwary short term who don’t realise they will be hammered with high inflation very soon - so if their income does not increase in line with inflation they stand to default on their new mortgage debt - and this will help trigger the property crash. It’s like watching a mouse nibbling the cheese in a trap.
Housing Affordability Index - dropping rapidly.
BTW -Arthur Hayes agrees with Greg - bullish Markets and crash in 3-6 months looks highly likely..
Home prices aren't skyrocketing. There are price reductions galore where I live. It's the low volume that makes it look like they are surging by skewing the data. Many people now realize real estate is no longer the American Dream. A house is an albatross now. Insurance keeps going higher . I'm seeing propaganda the last two days that is now saying the Fed may not cut. I don't think they will. You permabullz can eat sht
So lets see... because home prices are falling where you live, then it must be true everywhere? I am seeing quite the opposite where I live.
Also, no need for low-life talk like "eat sht." If you want to make an argument, try at least to make it an intelligent conversation. You started out good, then the last sentence just made you look bad...
So anecdotally you are seeing some house prices rising in your area, so that translates to the entire country? Without the helicopter money of the past three years, doubtful it will be widespread.
Only reason they soared during convid was due to government helicopter money. We don't have that kind of liquidity now. I don't care how I sound btw. I'm sick of people instigating FOMO and fear mongering. Permabullz are the enemy.
One of the hottest markets in the country the past three years, and they are falling all over the country. You are bring disingenuous. The low volume skews the data. Sure, there are pockets where they are rising, but volume is low, and prices aren't surging. Hyperbole much?
I'm saying you can't trust the numbers coming out of our government. I don't know where you got your numbers, but the government numbers are based on low volume and are used as propaganda by others for fear mongering and inciting FOMO. And you cuss regularly in your videos. Dog sht comes to mind you've used regularly. Doesn't make you sound too professional when you use it.
.... parents thinking they are going to hand-over land/homes to heirs one day. Common sense would be providing them metal to buy all the worthless land they want - for pennies on the million-dollar Dollar? As for voting Greg.... if voting your entire life brought us this then what use was your vote?...we don't spread Zionist stories.
The peak was in April 2022 right when M2SL started trending downward.
Michael Bordenaro, Reventure Consulting, and Real Estate Mindset have pretty good handles on what's going on overall in US real estate. Just because it's not happening in your area (right now) doesn't mean it's NOT HAPPENING. The national year over year trend has been DOWN for almost the last two years.
People are taking out HELOC's and refinancing into HIGHER rates just to pay bills!
Would be sellers are trapped because many are locked into low rates, and it will cost them MORE to downsize.
Insurance and taxes are going up because home values are artificially inflated. Not to mention all other expenses are UP!
And I didn't even bring up the waves of layoffs going around which are forcing people to sell.
Thanks Greg!
Welcome and thank you.
Yes 80% of my friends are brainwashed dumbed down sheep, they all vote and beleive that the politicians have their best interest....Sad
"Vote"
LOL
Another Day, Another Lie. With this flawed debt-based system, we are unfortunately all too used to it!
Higher prices = lower affordability. Lower mortgage rates may pull in the unwary short term who don’t realise they will be hammered with high inflation very soon - so if their income does not increase in line with inflation they stand to default on their new mortgage debt - and this will help trigger the property crash. It’s like watching a mouse nibbling the cheese in a trap.
Housing Affordability Index - dropping rapidly.
BTW -Arthur Hayes agrees with Greg - bullish Markets and crash in 3-6 months looks highly likely..
https://fred.stlouisfed.org/series/FIXHAI#
Home prices aren't skyrocketing. There are price reductions galore where I live. It's the low volume that makes it look like they are surging by skewing the data. Many people now realize real estate is no longer the American Dream. A house is an albatross now. Insurance keeps going higher . I'm seeing propaganda the last two days that is now saying the Fed may not cut. I don't think they will. You permabullz can eat sht
So lets see... because home prices are falling where you live, then it must be true everywhere? I am seeing quite the opposite where I live.
Also, no need for low-life talk like "eat sht." If you want to make an argument, try at least to make it an intelligent conversation. You started out good, then the last sentence just made you look bad...
So anecdotally you are seeing some house prices rising in your area, so that translates to the entire country? Without the helicopter money of the past three years, doubtful it will be widespread.
Only reason they soared during convid was due to government helicopter money. We don't have that kind of liquidity now. I don't care how I sound btw. I'm sick of people instigating FOMO and fear mongering. Permabullz are the enemy.
One of the hottest markets in the country the past three years, and they are falling all over the country. You are bring disingenuous. The low volume skews the data. Sure, there are pockets where they are rising, but volume is low, and prices aren't surging. Hyperbole much?
I am not being disingenuous and I urge people to verify my work. And I thank you for speaking intelligently.
I'm saying you can't trust the numbers coming out of our government. I don't know where you got your numbers, but the government numbers are based on low volume and are used as propaganda by others for fear mongering and inciting FOMO. And you cuss regularly in your videos. Dog sht comes to mind you've used regularly. Doesn't make you sound too professional when you use it.
I agree. My use of language could use a tune up, thanks for the reminder.
.... fuck all the dumbshits.
Unless out of absolute necessity, anybody making a major purchase (home, car, etc) NOW is retarded. This includes CASH buyers.
All these things will be UNDERWATER in 6-18 months.
.... parents thinking they are going to hand-over land/homes to heirs one day. Common sense would be providing them metal to buy all the worthless land they want - for pennies on the million-dollar Dollar? As for voting Greg.... if voting your entire life brought us this then what use was your vote?...we don't spread Zionist stories.
Yep...just checked Zillow. Home I own near Atlanta popped 15k since last week
US housing market is REKT.
The peak was in April 2022 right when M2SL started trending downward.
Michael Bordenaro, Reventure Consulting, and Real Estate Mindset have pretty good handles on what's going on overall in US real estate. Just because it's not happening in your area (right now) doesn't mean it's NOT HAPPENING. The national year over year trend has been DOWN for almost the last two years.
People are taking out HELOC's and refinancing into HIGHER rates just to pay bills!
Would be sellers are trapped because many are locked into low rates, and it will cost them MORE to downsize.
Insurance and taxes are going up because home values are artificially inflated. Not to mention all other expenses are UP!
And I didn't even bring up the waves of layoffs going around which are forcing people to sell.
It's a HUGE, HUGE mess!
Do people not remember 2005-2012???
Im late to the party, who or what is wango tango?
Contango.
In this context, the contango on oil prices.
Futures prices are higher than current spot prices.