Comments by "NetWorth" (@networth00) on ""Americans Will Struggle To Get Their Mortgages!" - Will Your Bank Be The Next To FAIL?" video.

  1. People die, get married, get divorced, get a job relocation, have kids/need more space... lots of reasons to sell and buy another place.
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  2. Don't confuse appraisal with assessment. It is horrible but the assessment is what your house is worth since all the ones around you have gone up in value due to a few selling really high.
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  3.  @Boogaloo_Baloo  Is the home price $95k? The lower cost the less the int rate matters. Try to make extra payments and pay it off sooner than 30 years. Good luck.
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  4. Higher interest rates typically mean home prices start to drop. When home prices drop, rents drop.
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  5. Are the housing prices coming down due to this?
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  6. What rate did you get? Mine is locked for 30 years at 2.5%.
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  7. I'm hearing... wait a year before making a purchase. But, that's the same thing we heard last year, and the year before. lol
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  8. Tennessee is a big place. What cities?
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  9.  @Sam-kq2to  Wait till after this recession. I see lots of Nashville homes sitting on the market. I was looking at 2016B Clifton and it's been for sale 7 or 8 months.
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  10.  @Sam-kq2to  I bought two homes there in 2019 and 2020, then I sold right before they doubles in prices. I moved to FL but thinking about giving it another try. Nashville proper is very liberal and there were so many bums in the park very close to my $2million house.
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  11. Because you have to lower the prices to make the note the same as if the rate were 3%. It's that simple.
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  12.  @Boogaloo_Baloo  If you were qualified for a $2000 house note and bought a house with a 3% loan, you could afford about a $450k house. Today, if you qualify for a $2000 house note and the rate is now 6.5%, you can only buy a house for $300,000. Both will have the exact same note.
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  13. You are completely INSANE if you think commercial space is free and clear. I'm a RE investor. Every single investor I know finances and refinances to the max because it's a tax write off. The cash out is tax free money. Commercial RE is not locked in for 30 years, it's typically locked in for 3 or 5 years, then your rate changes.
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  14.  @MarkIrmina  You have one client that is a complete fool. You can tell he doesn't know business and it's proven by the fact that he inherited his holdings. What do YOU own?
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  15.  @MarkIrmina  That's how the rich keep getting richer.
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  16. Mortgage rate doesn't matter for someone that wants to buy? Explain that.
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  17.  @sfrealestatedealmaker6001  Myself included. But people's needs change over time.
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  18. Fascism is what liberals do. Please tell me you know this.
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  19. Get real Terry. Can you even get a loan? Where would you invest and how much of a note can you afford?
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  20. I'm in the same boat. I haven't bought anything in a few years. The math doesn't work.
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  21. Only hardcore libs talk about climate change.
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  22. You overpaid bro. Just wait and see.
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  23.  @andri9011  I live in FLL so I see this too. I also see homes sitting for longer on the market. Prices will come down.
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  24. Seems like you hit the jackpot.
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