Comments by "Winston Smith" (@winstonsmith935) on "The Housing Market ‘Is Crashing,’ Says KPMG Chief Economist" video.

  1. A total crash will put the Realtors out of business. Realtors are the people that convince you your house is worth more than it really is. So you want more therefore driving the price up. Calculate the costs of the timber framing, and everything needed to build that house and you will find the build value is 35 %to 40% less. By the time the develope has his cut, the builder has his fee, the Realtor has his large fee. How do I know. Because I cut out the Developer, and the Realtor, I just used a builder who I negotiated a fair fee for his labour. Bought the 5 Acres for $45,000, built a 5000 Sq ft Home on it for $250,000 so total cost $295,000, after building the Bank came to evaluate the House and the land at $750,000, so you can see where I saved all the money. PS I as an Engineer work in Project Controls for a large Oil Corporation, we know where all the money goes. All that done in 1983, I sold that house in 2020 for $1.9 million , without having to pay a Realtors Fee.
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  2. @Senior Housing Analyst Sorry I’m in the Construction Business not in the Realty Fraud Business. We build $ 10 Billion Oil Facilities all tightly controlled Budgets. We are the Cost and Project Controllers with over 25 years experience. We just use are professional skills to buy and build our own Houses. Cutting out the Developers and the Realtors. We are also experts in Contracts.
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  3. @Senior Housing Analyst believe what you want, your an amateur I’m a professional. With a degree.
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  4. Just dropping back to where it should be , before the Realtors inflated it
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