Comments by "BelieveInYou" (@Youknowwhatscoming) on "MHFIN" channel.

  1. I don’t understand how some ppl are getting into $800,000 with 6% interest rates and thinking it’s a good time to buy
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  2. Even well leveraged buyers will be in trouble if they lose their job. It will accelerate in 2023
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  3. Haha I remember he was on the other side of the fence. He jumped shipped quickly
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  4. Your videos are getting better and realistic. The bubble will pop once there is no more money to spend
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  5. It doesn’t happen in a single day. It takes time specially when the govt and fed keep tinkering with it. Do you even realize how much debt United States is taking up.. now it’s $1 trillion every 3 months.. you are crazy to think this will not have consequences
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  6.  @kevinford6420  well said. When there’s no job no money no food what will ppl do with art. Eat it?
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  7.  @ronaldjones7655 homes have corrected already. Old homes are not selling. New homes are giving close to 50000 in incentives via upgrades mortgage buy downs . That’s 10-15% correction right there. Things will get worse. Just wait and watch.
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  8. I have a colleague who is forced to sell his house as he lost his job and it’s been 4 months . He is unable to make his 4000$ mortgage payment
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  9. If no one buys no one sells, money doesn’t change hands then recession will come. For a healthy economy movement needs to happen
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  10.  @njerseydavid  when they cannot get tenants, when maintenance costs rise, when they lose jobs, when they have to evict tenants, move for a job, divorce, high property taxes
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  11. Ppl who used to live with friends and family before pandemic felt rich with stimulus money and decided to get their own place instead of room mates.. all these will go back to their parents or grandparents basements. When ppl lose jobs and cannot pay for their second homes they will be forced to sell. When they need to evict renters, they realize the headache is not worth it
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  12.  @worndown8280  then they have rye choice to sell now and still get good money instead of expecting may2022 prices. That kind of appreciation will not happen again. You know economy is broken when houses appreciate 40% a year. If ppl have to fork 30-40% of their income for mortgage then there will be less money for other spending and eventually economy will tank one way or the other
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  13. You are locked in good. But our future generations are screwed. You cannot buy a house for each of your kids. For the good of economy and everyone now and in future, prices need to be sustainable
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  14.  Dot Com  really.. you are so delusional. Yes he jumped ship but he is doing it in time… else many will drown this time around. You can deny all you want
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  15.  @CaptainCaveman1170  it’s great incentive for more ppl to commit fraud. Buy whatever prices the homes are at and then stop paying. Use FHA loans with minimal down payment and then live rent free. Only thing banks will go down the drain but then government will bail them out using tax payers money which is mostly paid by middle class ppl. Neither poor nor rich pay fair taxes. They are just screwing the middle class
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  16. So if you buy now at the top and house plummets 30% then you would have to wait 5-10 years only to break even. Agreed it goes up but buying niw af the top of the bubble you will need to wait a really long time to see any appreciation
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  17.  @Thyalwaysseek he always flip flops every 2-3 months 😂
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  18. Your videos are the worst. Stop flip flopping and stick to one narrative. What is happening is not normal and things will break. It’s just that it’s taking longer
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  19. Oh my god. He is a cartoon 😂
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  20.  @KidFreshie  and rent to whom? Already rentals are crashing as ppl cannot afford them. Let them Buy and they sit empty.
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  21.  @MissBabalu102  there was no real growth.. demand only because they printed and distributed money. So in terms of any innovation advancement or products nothing.. it was a fake growth
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  22. @Peri Grinn I didn’t get your point. Fundamentally I know there are lot of things going wrong in the current market. It’s just a matter of time
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  23. Ppl can also move in with family. That’s what many are doing who cannot afford rent. Also ppl will stop sending on other stuff which will slow down economy and cause job losses. Thus further exacerbates the problem
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  24. I remember that. Glad he realized the truth
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  25.  @Freedomsonwildanimal  wait another 6 months.. history rhymes doesn’t repeat.. so reasons for economic downturn will be different
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  26.  @worndown8280  hyperinflation in economy means every day goods are expensive along with shelter. How do you think common ppl will afford to survive. 60-70% crash no one wants and it won’t happen. But 30-40% correction will revert it to mean. And there are greedy folk’s everywhere even those who want house prices to appreciate 100%.
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  27. Buy now refi later as homes will get over soon. Builders won’t build again🙄. This is their new motto
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  28.  @njerseydavid  begore every crash ppl are delusional and in denial… when everything snowballs and you are rug pulled, then we will talk. I am not leveraged at all and I don’t care if I lose my job. I have saved enough and I will be a winner so I am not worried about the downturn
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  29. Haha well saud
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  30. He is the same guy who was singing housing crash cancelled just a few weeks ago😂. I am glad I don’t get affected by such clowns. Housing crash is not canceled it’s just delayed as fed printed 400$ billion to bailout the banks in spring
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  31.  @ronaldjones7655  it will start somewhere and then spread.. yes all places wont be affected similarly but they will... home owners are rich but country is bankrupt... common how long this ponzi scheme will work.. you keep holding on to hopium
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  32.  @CJP1012  dumbo
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  33.  @tradewisetv2801 so well said. Even I will rent. I refuse to pay 5-6000$ in mortgage and insurance for a median home
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  34. Ppl will sell their second homes and investment properties when renters cannot pay them anymore. Layoffs will hit everyone and most ppl in US live paycheck to paycheck. So even those 3% ppl will be forced to sell if they have an unfortunate circumstance. It’s just a snowball waiting to happen.
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  35.  @CaptainCaveman1170  seriously they are so dumb. They just think that since no one will sell as they have low rates inventory will never come onto market.
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  36.  @brianlb78  go to real Estate mindset latest update in last couple of days. He gives more info on open door and that site
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  37. I think you guys forgot that yellow truck webt bust and 30000 ppl lost jobs. More like this will happen. Employers are firing ppl right left and center. It’s going to get worse. I know cos I am in tech
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  38.  @underleft  I know friends who were laid off and are now not able to get jobs. What you are talking about happened last 2-3 years. Now we here layoffs from friends and colleagues every other day. I know my company is on hiring freeze
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  39. So dumb. We don’t want to interest rates coming down as when they come down investors will be back along with bidding wars. You want interest rates down so you can sell your house at a premium. You are the reason economy is this way. More and more debt no savings. Don’t worry we have been saving and have enough money if houses correct 20%
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  40. Don’t by the end of the year you will be singing a different tube.
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  41.  @tomsettles6873  there are enough red flags in the economy and if you choose to be blind I cannot do anything. To govt and fed will keep this going for only so long cos after a tipping point they cannot do anything or risk losing dollar value even more. So enjoy your illusion for as long as you can
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  42. @Peri Grinn oh yeah exactly.. thank you for clarifying.. your wit is next level for my brain😃… for the majority this inflation and unaffordability is bad. Only those who already own a home don’t want prices to go down even if that means hyperinflation. They want house prices only to go up up up
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  43.  @zackeryhardy9504  well said. All because of some corrupt ppl who didn’t want stability and well being. Because of this manipulation rich keep getting and poor get poorer. Ppl cannot afford basic necessities and struggling and Musk and Bezos compete to go to Mars. Such a waste of money and resources 🙄
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  44.  @lanthanumlanthanium6373  I have my own reasons for staying in an apartment. I will not look into buying until 2024 end so I am good until then. May be I will waste money renting but it’s the best situation for me
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  45.  @MEtter17  haha yeah when all the banks are failing around you and credit crunch is happening 😂
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  46.  @worndown8280  if you ask me except for the ultra wealthy most ppl are screwed and layoffs will make it worse. Companies only care about profits. Right now is the worst thing happening. Inflation is still high interest rates will remain high and ppl don’t have money. You cannot hyperinflate economy just for housing alone as that will be worse for the ppl and the currency. USA could very well lose its world currency status as no one will have any faith. It’s not as simple as just cutting interest rates
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  47. FOMO fools.. there will be a bloodbath
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  48. It doesn’t help when ppl lose jobs abs cannot make the payments and then they need to move. And if they cannot find renters that also doesn’t work. Yes housing will eventually catch up but for now there will be a lot of economic pain. So ppl buying now are dumb cos they will be house poor
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  49.  ch-yq5yn bag holder😂.. you cannot refinance if your home value drops
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  50. Oh you have changed your tune again 😂. You were saying recession and housing crash is canceled. Just decide which side of the wall you are at.. keep flip flopping. This market is going to crash and crash hard. Printed money is not growth🤦‍♀️
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