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Cyrus M
Real Estate Mindset
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Comments by "Cyrus M" (@cyrusm3391) on "ZILLOW: The Housing Market is GARBAGE" video.
If you were able to afford then, but decided to wait and time the market for the last 2-3 years, yall deserve this circus. Affordability is now your problem, dont wanna see them tears.
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People ask for more inventory, well hey new builts are being built go buy them! Poor quality, farther out away from metros, people thought the exact same thing 50-70 years ago...the typical damn if you do damn if you dont.
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@realestatemindset Historically, people's mortgage to income ratio were 30 to even 50% at the beginning of their amortization. Its temporary. If you have a good career and the horizon shows increase in salary then go for it. Id never expect a minimim wage worker to be a homeowner, not historically not today. But dont rely on an economic downfall to make your move. Everything is a risk. big risk big reward. decide on your level of comfort.
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@realestatemindset The majority wasn't rushing. Send me a data that shows people were "rushing". It looks like people were rushing and there were lines for viewings because there was and still is the low invenntory. You know exactly what I mean by timing the market!
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@realestatemindset well first off, your channel keeps deleting my other responses. Wonder who and why they are doing it? Timing the market with the likes of this channel is the practice of buying or selling a property at a specific time in order to get the best possible INVESTMENT deal. The sources you've used for homebuyers with remorse were uncreddited with a concentrated sample size of less than 5k. The Norada real estate source has higher mortgage as the reason at 22% only. In contrast, at 27%, is location (that's a buyers fault not the market).
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How exactly does it tank after the election?
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@realestatemindset even real wages have its ebb and flow but since the 80s and even before then, it has shown to always increase. Surely real wages haven't impact you enough that you couldn't afford your fishing trips? My point is people are still affording things
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@Mobev1 ahh so youre just here to flex 💪 lol
2
Dont let these people tell you only the bad news with new construction. This is the inventory people have been asking for with lowered prices but yet yall asking for more. If this is your first home, more than likely wont be your last. Just build up.
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@ollie1795 Theres Alaska and the Dakotas
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