What the housing market is saying about the economy.
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00:00 The Fear
05:45 Commercial Crisis
08:26 Airbnb In Trouble
11:35 What Is Really Happening
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33 Comments
LAAARK
Morning lark
Bearish for crypto
next year will be much worse than 2008!
Stick to crypto you don't know what your talking about
I paid 7.5% interest in 1998 for my house. Difference is everything is 300% higher today.
People are much more qualified for the houses they bought than in 2008. This is not like 2008. Yea buying has gone down but inventory is still low. Worst case we see a very small pullback. To me what is more likely is proces continue to slow. Much like a consolidation period.
I don't believe a damn thing any official body says
Blackrock will own it all!! 😳
No way. Not in Australia. It is a national sport here mate👊👊
But anything could happen given 85% of people took the clot shot. So you might be right
Stick to your day job, bro, and make videos on crypto. You have no idea about the housing market.
Just because it's more expensive doesn't mean it's going to get less expensive. Do you expect the price of food, tickets, pretty much anything else besides cars and computers to go down over time? No. So why when it's the most valuable and important asset most people own apparently it should get cheaper? No, most people just got poorer. Permanently.
Lark whats your opinion on what happens when the WEF (world reset) comes and we all own nothing ?😂 and we’re all controlled. The only option I see is going off grid. Use solar panels. Build your own house. And hunt for food. 😂😂😂
Thank you Biden
Why anybody would want to ask their workers to come into poopville is beyond me. I talk to recruiters and people don't want to commute to New York City anymore. They want to work remote only. I don't know how these cities are surviving. If they were already on the verge of under budget when the economy was booming, how are they surviving when the business and real estate taxes have dropped due to skyscrapers going unoccupied. Are they getting under-the-table bailouts by the Federal government?
I don't think it will effect Canada. Canada is 3 million homes short and has huge immigration from India
I was there in 2008. I owned 3 houses and was test driving ferarris at 25 years old. Lawyers were quitting their jobs to be property developers and every tv show was telling you how to do it. Suddenly the rug was pulled and the house of cards fell and i lost everything because my empire was built on debt.
This is nothing like 2008.
No this is whats happening…. FART
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This is the problem with all stores of value. If no one can buy it, it's value drops.
the collapse is just healthy, previous values were insane
Word to the wise – I bought my house in 2007 right before the crash, worst possible time to buy. Today it’s worth double what I paid. No other investment has made me so much money.
AAVE🚀
Sell your house and buy a camper with proceeds. Crash, buy another one.
You’re reading an article from the US? Every country has different markets and financials relating to property. Every Country has different markets, every state does and every suburb does. Silly to just lump it all in together. Click bait
Maybe I’ll actually be able to afford a house.
I'm so happy I made the best decisions by having a good investment, Recently I'm able to acquire my third house even as a single mom at 42 and I believe if things keep going well I would retire early..
Crypto will ultimately kill off real estate as an investment vehicle. As more people realize the overhead of owning real estate vs owning crypto, they'll flock to crypto.
Until the tax on land ownership is high enough to end the profitability of owning it as a store of value, wages will tend toward subsistence. Because nobody can avoid using land.
Thanks
597th…Thanks Lark
I agree there are some serious economic disruptions ahead, but I don't think a housing collapse is one of them.
Everyone's on the lookout now for 2008, because that's in our memory. But the next economic blowup won't necessarily come from the same sector again.