Comments by "Daniel Bradford" (@Falconlibrary) on "Housing Market Anxiety is Up as 401(k)’s Become 101(k)’s" video.

Finally seeing price reductions in my area, down to 30%-40% off original listing price. In other words, down to 2019 pricing levels. Sellers are starting to panic because 30 year rates are at 6.6%.
11
I see all-cash investors buying up houses at asking price in my area. The problem: according to the sales price history, the sellers bought these homes in the past 2-4 years for HALF of what they're selling them for now. A realtor told me "They're going to rent these houses out" to which I replied "Good luck renting to people with no jobs and no money". The rents will have to be so high to give the investors a decent ROI that they're going to struggle and retain tenants. Oh well, some people have to learn the hard way. I can't imagine buying a house for any reason and not bargaining down the price.
2
This advice doesn't apply to retirees. Never have money invested if you'll need to tap it in the next five years.
2
@AB-fq4mr Picture yourself at the top of a very long slide. The bottom is at least a year away, maybe two.
1
@evergreen8965 "Never have money invested if you'll need to tap it in the next five years." If I invested money long-term, I wouldn't need it in five years. I have investments that go beyond that five year framework. Every financial adviser who isn't a con artist says: more conservative investment as you get older, but start investing as young as you can, and always have a cash emergency fund. At a certain age, preservation of principal is more important than growing your funds.
1