Comments by "NetWorth" (@networth00) on "HIGH Mortgage Rates Are CHANGING The Housing Market FOREVER" video.

  1.  @billredding2000  The problem is the note, which is affected by the price AND the interest rate. Sellers can't change the rate... but guess what they can change? The purchase price.
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  2. You should become a landlord then and get rich yourself.
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  3. yet food is up 80%
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  4. Do the math on how much lower the note will be on a 40 year vs 30 year. It's not much.
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  5.  @backrack01  The prices will have to come down if you want to sell. Sellers can't change the interest rates so they have to lower the price to get it sold.
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  6. Big price drop coming. This is not sustainable.
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  7.  @rajivsingh1999  You must not have read the BUT RELATIVE TO ASSESSED VALUE it's low. 33k is not a lot if you're home is worth 5mil.
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  8. Put your money into a high interest savings acct or buy CDs. You can make $4k/month off that money.
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  9. LOL no
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  10. CA real estate isn't going up. That place is very unsafe with horrible policies. Get out while you can.
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  11. I live in FL and have never seen an alligator. When I went up to the Hollywood sign it said, "Beware of mountain lions and rattle snakes".
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  12. You didn't know you can take the prop 13 with you? Do some research.
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  13. This is his opinion, just like everyone else.
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  14. They're still kind of low, historically.
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  15. What about the home you are buying? You'll trade that 2% for a 7%? That's the point, the next one, not the current one.
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  16.  @lizzie2301  Rowe v Wade just sent the decision back to states. It didn't ban abortions at all.
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  17. You don't get how the interest rate is a deterrent? wow
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  18. Duh.
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  19. We are more likely at 20% or more. Tell me 5 items that only went up 8.5%. Food is up 80%. Homes are double or triple. Cars are way up and dealerships want thousands on top or msrp.
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  20. It hasn't sold yet. Might be worth 230k when it's over. Bums right around the corner.
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  21. NEVER EVER. people who think theyre going that low are crazy. Take Bill for example...
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  22. That's how they spoke in 2007. Just saying...
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  23.  @jaydeeare285  Zero, I own all my homes out right. Rates or not, we're headed for trouble.
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  24.  @jaydeeare285  I'm retired btw, not some dumb zoomer here.
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  25. Nobody sane has ever swam in those canals.
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  26. They have short bridges in this area. Boats cannot make it to the ocean.
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  27.  @tisha954  Please stop talking and get educated. The value is in the land. You are not making sense. Why do you think that small house is millions yet the same small house in the middle of nowhere is $50k. Hope that clears it up.
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  28.  @JBoy340a  Keep telling yourself that.
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  29.  @jaydeeare285  I own several homes, no mortgages. Stop assuming.
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  30. The venice lots were small but so were the original homes. now they tear those down and build huge homes making no space in between homes.
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  31.  @robwithrbk  FL has a homestead exemption also for property taxes. They can't go up more than 3% if it's your primary residence.
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  32. They've always done that, it's nothing new. That's why most give you a 1 year bumper to bumper warranty.
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  33. That's your opinion. I think the market will crash. You're just wishful thinking since you bought a house. Good luck/
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  34.  @adamsantana5020  Tht's exactly how it was in 2007.
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  35. Tons of them less than a mile away.
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  36. It's less than that, I just ran the numbers. It's under 20 years if the int rate is 3, it's 21 years if the rate is 6%.
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  37.  @larkatmic  They tear down a small home and build a 4plex on the same lot. They do it to make money.
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  38. waterfront homes are typically small when first built.
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  39.  @basic4214  What size loan did you use and what interest rates did you use to get that $400 less per month?
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  40.  @FooFan-b3k  One big repair will wipe a year or three worth of profits. 500 and 1300 is not a lot of money anymore.
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  41.  @Advermvp  New job in another city, unemployment, divorce, marriage, death, inheritance, a growing family, needing to live close to parents, etc. Lots of reasons to sell.
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  42.  @FooFan-b3k  I've owned lots of apartments and SFR so I know what I'm talking about.
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  43.  @FooFan-b3k  i dont rent, nice try
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  44. we're probably never going to 4% again.
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  45. just roll it into your principle.
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  46. Bums right around the corner.
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