Kevin O’Leary: This is the ‘biggest problem’ facing the housing market

Whoopty doo, but now who’s going to build that affordable housing to meet demand? Oh right no one is because of greed.

F THESE GUYS TALKING ABOUT HOME PRICES. THEY ARE ALL WEALTHY.

It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.

I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024

I think housing crash will happen because all those people who bought homes over asking price, although it was at a low interest rate, they are over their heads. They have no equity if the housing prices continue to go down, and if for whatever reason they cannot afford the house anymore and it goes into foreclosure because even if they try to sell, they will not make any money. I think this will happen to a lot of people especially with the massive layoff predicted for the future and the cost of living rising at a high speed.

The only solution is to reduce deficit and hence inflation. But that is not going to happen anytime soon. Elect woke politicians and go for broke.

Why Fox choose to promote this incredibly unlikable person is a mystery.

The fact that there is already an excessive amount of demand awaiting its absorption, despite how everyone is frightened and calling the crash, is another reason why it is less likely to occur that way. 2008 saw no one, at least not the broad public, making this forecast, as I'll explain below. The ownership rate was noted to have peaked in 2004 in the other comment. Having previously peaked in the second quarter of 2020, we are currently at the median level. Between 2008 and 2012, it dropped by 3%, and by the second quarter of 2020, it had dropped from 68 to 65.

Google the amount of Foreign nations that own single family homes in America and corporate landlords colluding to leave units empty to prop up rent prices.

Kevin is a big problem himself

There’s not enough affordable houses, Sherlock! There, solved it for you.

No. Rate cuts will only lead to more inflation with more buyers flooding the market.

Companies like Black Rock get banned from owning single family homes and forced to sell. Step 1.
Illegal immigrants need a place to live too. Once they're deported, houses become vacant. Step 2...

GOOD TALK KEV!

Federal officials taxpayers and state government issues all taxes and the truth of all mortgage lender may filing bankruptcy and morgue

100th morgue

Section house 🏠 8 isn't worth it at all okay with all this stuff 8oomillion women's x8

Women's have to pay for women's food shortage and medicine shortage and water bottle shortage medical insurance companies filing for bankruptcy and 8oomillion x8 laws 1000th plan

No this is the exact same as 2008 with sub prime Mortgage. They had low interest rates to begin and as soon as the entry period was over the interest rates went up knocking people out of the ability to pay for their home. Going up to over 6 to 7% for their sub prime that started at 2 to 3%

RFK… BLACKROCK BLACKROCK BLACKROCK ETC… ETC… ETC…

Hey happy new day can you please send me popcorn 🍿 and candy and thanks very much appreciated

He NEVER offered a solution for increasing SUPPLY of houses!

This happened with the 2004 housing boom - home prices were greatly inflated, meaning people couldn't sell later because they owed more on the house than they could sell for. I know quite a few people who bought then, thinking they were making a good investment to sell later, but it's taken until the COVID housing boom for the prices to come back to those original amounts.

The solution is ban the communists from investing into the housing market

House prices just keep going up and up aaaaaaannnd up then there's the add ons ffs

I lived through the 1990’s. Homes prices went very high. Then home prices crashed. It took ten years for our neighbors to get back up to the price they paid for it. They had bought at the high right before things crashed.

Raise the interest rates to 2524652% and teach these gold rushers a lesson

New York is a loser state! 😮

Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.

Not sure if this guy is ever right....

As a loan officer I strongly disagree. The low inventory combined with low interest rates drove up prices like crazy. Dropping rates too fast can get us another in another home price increase. Feds do not listen to this guy.

Kroger profits over 40 billion, it's not inflation, it's greedflation

Another alternative....50 year mortgages.

greedy moron putz, loser in canada, ANOTHER TV JERK OFF

Kevin oleary knows his stuff.

Trashing the chips and science act isn't smart. It's been very successful in bringing back dominance and jobs to the US and we need to see more of it rather than outsourcing again and again. Kevin should know better. The rich get richer and the poor get poorer. Trickle down doesnt work.

Tax law change would fix it overnight.

Corporate ownership of single family homes is the issue

Prices were high before interest rates went up

Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

Lies lies and more lies. Build more AFFORDABLE HOMES. all I see if Toll Brothers and other 700k+ homes.

One candidate is building other than a wall. Vote.

The fake comments though

O LEARY.... PROOF rich people can be idiots.

They build homes complexes with and in regards to budgets and propertys are not legal recognized and throughout different states this guy is not supposed to be allowed to discuss these issues just the abuse of banking hes had and some investing infrastructure and lawsuits hes to face 2024

We did increase building. Now its slowing down. Im financing with 20% down. Better have a loan company that'll truly believe you've got 5k a month.

We are not paying more for the gasoline. Stop lying . Lowering the interest will lead higher housing prices. Interst rate is high so that the Inflation can be contained.

A crash will fix it. Its gonna happen in less than 12 months! 😢 another way to bring it down is to let the rates float freely. Will have to go up to 12, 13% before it goes down.

I sold an apartment in Rochester and made about $250K. I was frustrated when I only earned $171 in interest from a regular savings account. After doing some research, I was advised to invest in stocks. Are these stocks a good point to start from?