Comments by "NetWorth" (@networth00) on "The Housing Market Is Going Insane" video.

  1. Graham is talking about FHA backed loans having higher limits. These loans are 30 year loans with a fixed rate.
    5
  2. It was horrible when I owned rental property, because you hear all the excuses why people couldn't pay.
    5
  3.  @financeabcs  Not everyone is dumb and fueled by emotions.
    4
  4.  @IrisP989  What city in CA? CA has the highest poverty level in America. Do you really need to ask "why can't you?" Maybe they make $50k a year and housing is $800k. Use your brain.
    4
  5. That's not what the video is about. In my county there is a top limit on how much you can get an FHA loan for, that limit is $548,000. I bought a $1M house and had to put down $400k+ to get the 2.75% 30 year loan. Now I won't have to put down that much even though I could afford it either way.
    3
  6. Yes they do.
    2
  7.  @lizzie2301  The government makes it too easy to file bankruptcy over and over again. I know someone who filed and his credit instantly went up to 750.
    2
  8.  @cdbic  I've been doing real estate since 1995 and know absolutly nothing about real estate or banking in other countries. You should start a youtube page for Romania, be the Graham of your country. Might be a big hit.
    2
  9. Yes, they're actually that dumb lol.
    2
  10.  @PrimitiveMLG  Prices will be coming back down soon.
    2
  11. If the numbers work then they just work. Look up CAP rate. I'm sure they did an inspection and due diligence.
    2
  12. Very true. I'm holding cash praying for reality to set back in.
    2
  13. You need to move to an affordable area. That's what needs to change. Might be hard to do, but the solution is that simple. It's not rocket science. OR... move outside the city and drive an hour to work every day. That's your other choice.
    1
  14.  @99SigP  Relocate to a different city where RE prices are reasonable... or stay there renting forever.
    1
  15.  @99SigP  If prices don't come down, then you have no choice but to either keep renting or move to an area that is more affordable. What city/state do you live?
    1
  16. I hope you didn't pull money out.
    1
  17. Real estate drops during times of hyperinflation.
    1
  18.  @digginz8603  Hyperinflation causes rates to go up, rates go up causes real estate to go down.
    1
  19. What's your side hustle?
    1
  20. Can't you slow down the video?
    1
  21. Why are they getting approved now? You're the underwriter so you can NOT approve them, right?
    1
  22.  @KatTakana210  I know, that was the point to his whole video. But, if they wouldn't have been approved before at a lower price they shouldn't be approved now for a higher price.
    1
  23. In my county the max you can borrow for a primary residence is $548k to get the FHA 30 year fixed rate of 2.75%. He's talking about theyre about to raise that 548k to like 650 or 700k, not millions. If you want to get a bigger loan, you have to get a JUMBO loan and the terms are not nearly as good.
    1
  24.  @thomasfisher1829  no one worth 200B need any loan, but i see what you're saying.
    1
  25. Housing has doubled since 2019.
    1
  26.  @alrightnow7248  In Mexico you cannot buy prime property if you're a foreigner.
    1
  27. I just moved from Nashville. The whole country is in a bubble. Btw, did they ever finish that Amazon Operations Center downtown? I think the area was called Nashville Yards or something.
    1
  28. How would that ever work? What if you were the seller. If your house was worth $1M would you want the government telling you that you can only sell it for $300k because people don't make enough money?
    1
  29.  @belizeanmom32  It takes a couple of years to realize it's happening.
    1
  30. That's a good plan, but life happens sometimes. People rarely stay in a house for the duration of the 30 year loan. A change in job, more kids, divorce, inheritance, and money other reason to move. Your head is in the right place though.
    1
  31.  @UlexiteTVStoneLexite  Things do happen in life that change circumstances. Someone might get into a car wreck... I'm just saying, life doesn't always go as planned. I hope it works out for you though.
    1
  32.  @pluto8404  haha
    1
  33.  @9thebigcool  Or just wait for the crash. You can't buy property, bitcoin, or stocks because they're too expensive. I haven't checked gold in a while.
    1
  34. I paid 900k and after a little work, my home is worth about 1.3-1.4M. A good deal is a good deal.
    1
  35. YOu can't expect a landlord to rent something for $500 when they can get $1500. When you sell your car you should sell it for half price because someone thinks you're asking way TOO much.
    1
  36.  @prostyle1626  Would you want to sell anything for half price just bc the government regulated it?
    1
  37.  @prostyle1626  So, you want a landlord to rent something for far less than he could get just because you think he charges too much?
    1
  38.  @prostyle1626  I was a landlord years ago, everyone who is angry at the system called me a slum lord, but stayed living at my properties.
    1
  39.  @prostyle1626  I'll rephrase. So, you want a landlord to rent something for far less than he could get just because you KNOW he's charging too much?
    1
  40.  @prostyle1626  I don't believe that. Homeless people are mostly drug addicts or mentally ill. If I couldn't pay my bills I move to a place I can afford, I stay with family, I stay with friends, I stay in a shelter. Nobody is just going to hit the streets if they are sane and have a job.
    1
  41.  @prostyle1626  They couldn't afford to move, but they have money to buy alcohol and drugs every night. Go away, you're a life long victim and nobody will change that. Bye.
    1
  42. You must like paying a lot for a house.
    1
  43.  @dame744  I know it is, that's why I used that number.
    1