DANGEROUS Housing Market LIES YOU NEED TO KNOW

The markets lied to let the rich refinance at a lower then market rate. It's all garbage.

Biden needs a 2/3rds majority of Republicans and democrates who will vote for his bills to fix this. It can be fixed though.

Ignore those critics. The truth is that anyone can become wealthy if they have patience and discipline. Most people do not have these. They want the quick fix and the get rich quick and don't want to wait. They also want to buy their big family home as their first home. No one seems to want to buy starter homes now. I can't believe we are looking at another huge market 'adjustment' not even 20 years after the last time we all got screwed by greed and impatience!

Subscribed based on the first 5 minutes.

We are approved for $150k more than what we are financially comfortable with. Not my first rodeo as a home owner. Owning a home isn’t cheap even if you got a deal. Things break, stuff happens, people want to keep the home up. It’s never just a mortgage price.

My husband and I look forward each day to watching your videos. We can see on Zillow that inventory is increasing and prices are dropping, yet on our local news today realtors were guests and saying prices are going to go way up and interest down in 2024 so go buy now. We see the gaslighting by realtors and predictors and how the words don’t match the data. We are waiting on the sidelines to buy and love your encouragement which is backed by truth and data. Thank you so much!!!!

Thanks for always sharing g your important information and knowledge with us, Michael!

Its funny how Richard Fain copied this video title and all his talking points the day after you posted this

You're not doom and gloom. You actually say a lot that's right on the money. The bummer is you're clearly a MAGA person and it's a bummer to see more and more of your content be pro Republican nonsense.

Hi Michael, great content, as usual. I just got notice from my landlord today that my condo rent is going up from $1,450 a month to $1,800 a month. Rents are not going down. A two-story condo with NO amenities other than I get a covered parking spot, 2 bedroom, 2 bath. What does one do? $350 a month increase. This is crazy.

The simple solution who sold the house in the past 2and 1/2 years after COIVD should pay 20% of tax from the house selling and give to the buyer. That will quick fix for the housing market and sellers will learn the hard lessons!! It’s a criminal the government should act quickly to normalize the house market some area still over priced I saw 1 house property history sold in 2015 487k 2017 sold 430k 2029 sold 517k in 2023 sold 815k most house in this area the same tragedy!! We can imagine the people who bought 815k going through UNBELIEVABLE it’s a criminal. The government should save the working families lives 🛑🛑🛑🛑🙅🏼‍♂️🙅🏼‍♂️🙅🏼‍♂️🙅🏼‍♂️

The American Scheme 🤨

I appreciate your perspective, even if I don't agree with everything you say/share, it is valuable to hear from you and see how this affects my personal situation. Thanks Again!

Would a loan modification instead of refinancing help avoid some of the issues you stated in your video or could it just lead to the same outcomes?

Repent Repent the day of the Lord is at hand! If you have not received salvation from Jesus Christ you will spend all eternity (trillions and trillions) of years in hell. There will be everlasting torment for you and everyone you know who doesn’t know the Lord. Repent today cry out for mercy! A man must be born again to enter the Kingdom of Heaven.
In the bible Jesus said a man must be born again to go to Heaven. A lot of people think this means they should merely believe in him. We see so often in our world today and abrupt end to people's lives. And it becomes increasingly clear that when we die nothing else matters aside from our relationship with Jesus Christ. That is the reality of God's creation whether we like it or not. He is the creator and we are merely his creation. Here to live on his terms and happily at that. John 3:16 Says for God so loved the world that he gave his only son that whoever would believe on him would not perish but have everlasting life. But John 2: 23 says Now when he was in Jerusalem at the passover, in the feast day, many believed in his name, when they saw the miracles which he did. 24But Jesus did not commit himself unto them, because he knew all men, 25And needed not that any should testify of man: for he knew what was in man. One must square how one verse says to believe and be saved. And one verse says he did not commit himself to everyone who believes. It's crucial to think of these things because they are Heaven and hell issues. He said if you’re not willing to come after me you’re not worthy of me. And if you don’t take up your cross to follow me you’re not worthy of me. Whoever tries to keep his life will lose it but whoever will lose his life for my sake will find it. 2 Timothy 2:25 Flee also youthful lusts: but follow righteousness, faith, charity, peace, with them that call on the Lord out of a pure heart. 23But foolish and unlearned questions avoid, knowing that they do gender strifes. 24And the servant of the Lord must not strive; but be gentle unto all men, apt to teach, patient, 25In meekness instructing those that oppose themselves; if God peradventure will give them repentance to the acknowledging of the truth; 26And that they may recover themselves out of the snare of the devil, who are taken captive by him at his will.

My girlfriend's coworker has a mortgage coming up for renewal up here in Canada. It is going from 3000.00 up to 4500.00 a month. She has to sell.

Holy shit dude, do you ever say anything positive?

America 🇺🇸 loves 🥰 Hyper Inflation 💸 and will continue to print money 💵 and lower interest rates until the US 🇺🇸 Dollar 💵 collapses ! The American 🇺🇸 Government loves 🥰 Hyper Inflation 💸 so much that they want the prices of everything to rise until the US 🇺🇸 Dollar 💵 is worth nothing ! Print ! Print ! Print ! Ha ! Ha ! Ha ! Hilarious 🤣

The higher your income the bigger percentage of your income you can afford to spend.

Trump will not be nominated(recent court decisions for evidence); and "neutral on Nikki" will not lose to "anyone but Trump" Joe Biden.
Gauranteed.

Been trying to sell my house in the 305 for almost 5 months. The level of manipulation an lies from realtors and developers is real. I had to be wearing a bullet proof gear for every-time I have to answer to their demands. I ended up not selling my house, and I will go by owner from now on!

i thought you were leaving florida?

It's all about generating business so the banks/ Lenders keep making profits. They will lie to us to make us think we are making the right decisions when it comes to buying real estate. Michael is absolutly correct about all the things he talks about. The old saying goes like this. Sharks are no longer in the ocean there on land. Listen to the advice and make the right financial decisions. Thanks again Michael keep up the good work.👍

Everything you’re saying is the truth! All this positive press on our economy is fishy. Like it’s made up for political reasons.

All the nabor hoods you walk through with homes in the muti million dollar range and the high-end cars. Looks like nobody is hurting financially there !

The time to buy a house is when you find one you really want to live in, in the neighborhood you want to live in, and the payment including escrow is no more than 25% of your take home pay. That's the time to buy a house. If you do this it's the best why to enjoy your life, pay your bills, and save for retirement.

Australia has a very manageable problem when it comes to a wealthy Rio Tinto / BHP / USMIC stock owning, property investor class that inhabits mostly acreages in bushy, hilly, leafy outer suburbs, 15km+ out of the CBD. To any Brisbane based tent dwellers interested, especially if unemployed, there is a nice area in PULENVALE called McCASKILL ROAD PARK. It's located next to an IGA and the HITCHING POST BAR + GRILL, where you have facilities. The Park has equipment that can be used for exercise.

In my area, Atlanta, houses are still being listed at DOUBLE what they were just a few years ago. As far as I know, people's salaries haven't doubled in 2 years. There are people believing the lies and buying and becoming house poor. It's an absolute disaster waiting to happen. I thought prices would have decreased right now, but it takes time to get into financial ruin - which will happen to many - just a matter of time until massives amounts of foreclosures hit the market.

Why does the city allow people to park in the street ?

Best thing I have ever done and against all media advise I paid off my house and all other debts in 2018 through application of iron fist financial planning. It has been the most wonderful years since that time. Cost of living is only going up and would make it even more difficult to do what I did back then today. The property, income taxes will all go up in the near future to cover all crazy congress spending . Morgage tax deduction significance was being phased out about the time I was paying off the mortgage anyways. Generally observing people around me they look through some veird glass in which they vastly overestimate thier actual after tax incomes and vastly overspend because others do the same ...heard stupidity or something...

$2.4 Billion Is Not Enough for New York’s Migrant Crisis, Mayor Says

Mayor Eric Adams told state lawmakers that New York City needed $4.6 billion just to pay for half of its yearly costs related to the migrant influx.

Hey Michael. With a 820 credit score I just got a notice in the mail from The Home Depot Consumer Credit Card Dept. It states - We are changing your Agreement Terms and replacing it with a new agreement which you can decline. Due to changes in market condition all new purchases after 3/19/24 will be at 29.22%. WTF! Insane. Contractors and everyday ppl are about to dry heave up a lung.

at least you guys can live in your cars or tents if you lose your home, but here in canada you will freeze to death !!!!!!!!!!!

Thank you for your videos and your honesty. Amazing how Real Estate agents are preaching. I realize its their business. It is painful for most. Thank you for what you do!

We might have made the most expensive mistake of our lives if it hadn't been for you pointing out everyday that we need to think before we buy. I think I will pass on missing out on overpaying for a house that will likely go down in value and stay down for a while. Thank you for that.

You meant, "house rich, money poor." because money all go into the house, no money left. And thanks to finally straight it out for people who always call house "an investment", its not! I told people the same, its a debt/liability.

I'm gonna bet a lot of those crazy high rentals are just money laundering.

Did you watch the latest Tu CKER C video that came out today? Holy crap
Vladimir P
God help us and God bless you and your team Michael. Being a Patriot is going to get creepier as the months go by
Stay safe and thanks again for spreading the TRUTH

Housing Models still record highs and we talk a lot about modeling housing via data economic trend modeling! Check us out.

Saying you are a financing expert when you are trained in economics and business, despite being able to teach finance, is part of the problem in the United States. Andrés received a BA in Economics from Brandeis University and a Ph.D. in Economics and an MBA from The University of Chicago Booth School of Business.
Now all those professions deal with money, but banks financing, from the original regulations, the current “guidelines” in use (sort of) is a whole other animal. If doctorates in economics had a clear understanding of what financing is actually doing, at any one time, we would never be financially unstable as individuals, businesses or a nation. Finance has only one goal, create debt instruments, and insure against losses. They never want to contract lending, sometimes they are forced to slow down (never a good sign), but debt instruments are their business.
Your advice is excellent!👍

People still need to hear this, as denial and lack of awareness of budgeting is rampant. Survival and success really depend on those 2 things these days. Keep up the good work, Michael!

Home prices have been ticking back up over the past month or so.

Why would anyone get back into debt after paying off one of the biggest debts one can get into?

------------------------------- Banks should also sell shovels ---- you can dig in deeper / or dig yourself out

“Tapping equity” is the biggest financial scam in America. The marketing should be changed to “Want to drown in debt?”

😮😮😮😮😮😮😮😮😮😮

If you have a fixed rate on your mortgage, they will find the excuses to increase something else ( HOA, other insurances, etc...). Someone will have to stop all these impositions. Lenders, realtors, HOA, and builders they all lie in order to benefit/profit as much as possible.

There are will be cheapest houses everywhere after 2025, be patient！