Comments by "Cyrus M" (@cyrusm3391) on "Real Estate Mindset" channel.

  1. I second what Harry Potter said. Invest in the long term, sacrifice now. Cry now, smile later
    13
  2. Wife's student loan just started. And we are going to start paying it off. Fortunately we are still well within our household budget. There are 3-4 things that we can easily let go to make up lost budget before even thinking of selling our house.
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  3. What does inventory increase mean if the quality of the inventory is shite?
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  4. Can't we all finally agree that the 2008 crash comparison has already been debunked!
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  5. Most new builts here in CA are in hot and not so desired places. Make sure to watch out for mello roos fees
    10
  6. 1:26 I thought you said there are inventory? Whats with all the "boots on the ground" stuff
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  7. Even Peter said there ISNT going to be a crash like the GFC, but yet yall keep waiting and claiming it will 😢
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  8. The latest data is in! Yoy there is more inventory and higher prices 🤷‍♂️
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  9. Florida is a red state, California is a blue state. Both are the top two worst and unaffordable housing market states to buy in 🤷
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  10. As a former Fed Reserve employee, adjustments are constantly made throughout the year. This isnt new.
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  11. Student loan debts were calculated as part of mortgage pre-approval and underwriting process. This claim severely undermines people's knowledge of their own finances
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  12. I never trust Zillow articles and data at all
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  13. Travis, you saying to not buy a home even if you can afford it is DISASTROUS advise. Add it with your ending line, is a bit patronizing and hypocritical don't you think?
    6
  14. I read from another source that most new construction are built to rent. I agree with incentivicing builders and not buyers, but only if it's to own...not to rent
    5
  15.  @realestatemindset  once the prices go down again, those people sitting on the sidelines waiting will have to compete again with one another. Hopefully starting at a more reasonable price but imo the demand will always be high. Millennials is a large group ready to settle down now.
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  16. My sister went bk in 2008 and now she is good credit standing. It's all anecdotal
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  17. The DFA is going be gone by end of the year. The total funding is already going down
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  18.  @realestatemindset  you're right Travis, i should be nicer. But I'm not wrong either, always check your HOA guidelines folks versus getting in trouble and forcing yourselves and others to court disputes.
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  19. Yap just rent for the rest of your life and invest the difference. RE is not an investment anway and overstated for generational wealth, just don't have kids either!
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  20. Do yall feel better after watching this video?
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  21.  @realestatemindset  I think affordability (staying within 20-35% of your mortgage to income ratio) is not inclusive to "overpriced" properties. You should really differientate those two things better, don't you think?
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  22. But the author of this article specialized in music business journalism! How reliable and credible is this source foreal Travis? And its main source from Clever Real Estate, lol why do you keep using them? They're infant to the industry and extremely localized.
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  23. ​ @septem40  because the inventory sucks and the majority of buyers are not flippers
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  24. FOMO = Fear Of Making an Offer
    4
  25. The system isnt broken, its just called Capitalism
    4
  26.  @MrRussianGerman  key point: right before Covid
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  27. Gonna be a loooooonnnggg while. The standard of prices is here now and here to stay.
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  28. Personally that isn't bad at all especially with zero debts. You'll still get by while paying your bills but just be cognizant how much it will impact your lifestyle and savings. If you have kids and the only income maker, then it will be much tighter. All doable just depends how simple your life is.
    4
  29. So Travis are ypu saying don't buy right now (again) or do we still look for wedge?
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  30. 4:28 what drove demands was a generation ready to settle down, not the rates.
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  31. What, wait?! I thought we've been in a recession for the past year lol
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  32. If you were able to afford then, but decided to wait and time the market for the last 2-3 years, yall deserve this circus. Affordability is now your problem, dont wanna see them tears.
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  33. Wait for 2-3 more years
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  34. How's so, wouldn't it be around the same monthly mortgage? Refinancing for a lower rate would be a while, I don't think we will see a 2-3% interest rate again in a very long time. Unless this is your forever home, I understand
    4
  35. Bruh its been a year since the recession started
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  36.  @Elzon1  It's been 4-5 years since people have been saying this. There is no subprime and ninja lending and significantly SIGNFICANTLY lower ARM lending than 2008. If you're banking on increased layoffs, sorry to tell you, the only ones losing their jobs are mostly current renters.
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  37. Ahhh Travis, NOT ANOTHER Clever resource of data lmao! Pls you are misleading people with uncreddited source of info. I suggest people to look into these sources and you will see, e.g., a couple of them use small of a pool survey they conduct (1000 people only) from a concentrated area. This is not national data
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  38. How can you ask more discounts from the seller when the competition is still high with multiple bids?
    3
  39. How do these news relate to a housing market crash? Also elderly evictions and squatters arent a new thing and exists whether the market is up or down. We do need solutions for them but they are isolated incidents.
    3
  40. Thank Obama and Trump!
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  41. ​@@LesHom yap! Before you know it, wages have caught up and these prices still hold
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  42. How can this guy be blaming the government for higher cost of living while begging for it to increase the inflation rate?? Total contradiction
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  43. 🤔 how the hell did you make that calculation?
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  44. We have a genius one here folks!! Lol
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  45. I'm curious what exactly people are waiting for. Is it a higher unemployment due to the current recession? Lower interest rates due to Fed pivot? Is it lower price due to mortgage defaults? What if those things never happen in the next 4-5 years, I'm interested to know what are people's plan B?
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  46. Well off financially but can bankrupt. Just cuz your underwater doesnt mean you have to sell, especially if you're financially well of...hhmm some contradictions here
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  47. I love how everyone is excited for an economic collapse. LFG! 😂
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  48.  @kidwichita  💯
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  49. Travis, i dont think the average minimum wage earned is your typical home owner. Any major layoffs in fast food labor isnt going to dent the RE...maybe the rental sector only
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  50. This is exactly what this channel wants owners to do but yet Travis won't even sell his own rental property. If he really believes in a crash, he should sell his property now for a high price and buy again when the market "finally" crashes
    3
  51. RIP
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  52. Man...stop with the "Begun" "Started" "Its Here" type titles 😂
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  53. People ask for more inventory, well hey new builts are being built go buy them! Poor quality, farther out away from metros, people thought the exact same thing 50-70 years ago...the typical damn if you do damn if you dont.
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  54.  @realestatemindset  Historically, people's mortgage to income ratio were 30 to even 50% at the beginning of their amortization. Its temporary. If you have a good career and the horizon shows increase in salary then go for it. Id never expect a minimim wage worker to be a homeowner, not historically not today. But dont rely on an economic downfall to make your move. Everything is a risk. big risk big reward. decide on your level of comfort.
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  55. Here in the west coast, there is usually a longshore men strike every other year. And the ports provide more than 60% US exports...guess what, there is always a resolution and the show goes on. We'll be fine.
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  56. And yet you're here waiting for indications when to start buying a house lmao
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  57. Its called capitalism and free market
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  58. Travis, did your offer get accepted?
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  59. FYI, source of data is from Clever Real Estate. Been around since 2017. Based in Missouri. This data's methodology: Clever surveyed a total of 1,000 recent buyers between 2022-2023, location and demographics of those surveyed are unknown.
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  60. Nationally and currently we are only 10% lower in price versus last year this time. Many predicts it's going to bottom at 15%, we are nearly there. IMO I don't foresee any significant decrease in home prices from today.
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  61. Stop crying about HOA's when you damn well when you signed the dotted mortgage line that there is an HOA. Always check in with your HOA for updated guidelines. Stop crying Jack, these anecdotes are your fault.
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  62.  @Dentalcoverage4u  my life is awesome and I absolutely don't take it for granted. I love it. I just want to make sure people are informed about the decisions they make, like Travis is about informing ppl about potential regrets of buying now. I'm not wrong in my statement about being informed about your HOA guidelines.
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  63.  @besnkinic  you're delusional. Go find a home you like and bid it for 25% less and see if you win lol
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  64. You should be a multi-billionare by now, are you?
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  65. That inflated price will be lower than the baseline market price in a few years ... With a good interest rate
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  66. Crash...20% from what year? Today or pre-2019?
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  67. Here you go again Travis…telling people to stop buying houses…while you submit offers yourself smdh
    3
  68. ​​ @realestatemindset  The majority wasn't rushing. Send me a data that shows people were "rushing". It looks like people were rushing and there were lines for viewings because there was and still is the low invenntory. You know exactly what I mean by timing the market!
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  69.  @realestatemindset  well first off, your channel keeps deleting my other responses. Wonder who and why they are doing it? Timing the market with the likes of this channel is the practice of buying or selling a property at a specific time in order to get the best possible INVESTMENT deal. The sources you've used for homebuyers with remorse were uncreddited with a concentrated sample size of less than 5k. The Norada real estate source has higher mortgage as the reason at 22% only. In contrast, at 27%, is location (that's a buyers fault not the market).
    3
  70. Where did you get the 50% data from?
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  71. Why would you spend a dime for mediating mold? Isn't that the landlord's responsibility?
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  72. How can you be a consumer if you can't even afford to buy anything anymore?
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  73. I'm getting a, and the entire corp company, a 5-6% salary increase annually. Also is free COVID money really that significant. I only received a total of $6k, extremely minimal contribution to my housing savings and down payment
    3
  74. Hey Travis, if you believe a crash is coming, why don't you sell your rental house and cash out big. Then buy again at a low price when the big crash happens?
    3
  75. Travis, when are you going back to talking about real estate and the upcoming opportunity to buy low?
    2
  76. Wow Todd moving that crash/correction criteria post again...before 2022 he was saying that it was the worse time to buy. Now a crash and correction baseline is from 2022 smdh
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  77.  @anthonyrichardrealtor9365  I should have clarified, isolated from recent housing market changes. I read through various market summaries from the site and many, if not all, where evictions increased was due to the moratorium of Oct 2020 (some cases to 2021 extensions). There was a lack of significant connection between increase of rent prices to increase of evictions, which we can assume to be the reason but the site is still lacking that evidence and data. This video did not show increase in squatters with data but rather was simply something that is "skyrocketing".
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  78.  @anthonyrichardrealtor9365  i just love how this channel keeps deleting my replies
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  79. ​ @everss02 how you get those numbers?
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  80. ​@@LesHomif you are single (or even a couple), dont have a family or necessarily need a turn key, just bid lower and work on the house yourself.
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  81. At the end of the day, most people want a property/house as a home and not as an investment. Stop revolving everything around the money aspect of buying a house, unless you are a hedge fund investor or a flipper, then "I hope you lose" lol
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  82.  @Dentalcoverage4u  that's IF they sell. People forget that buying a house is less of an investment and rather a stable shelter to raise families in. That the problem with buyers today.
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  83. Ppsf in my opinion isn't the best way to monitor house values. A property's layout can make a huge difference and this takes in person visits. I've seen so many homes with under utilized space or unusual angles that can turn a potential buyer away.
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  84. Travis did you ever increase your rent price to your current tenant? 🤔 Honest question
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  85. 1:16 you can afford but doesnt cash flow, what does that mean? Are your clients investors, flippers or mom and pops landowners?
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  86. 15:13 actually on the contrary, you dont have the RIGHT at all to talk smack about CA cuz you didn't make it out here. And im here where you're from, Chino.
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  87. Why did you settle?
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  88.  @SirCarlosMusicBMI  im from California. Without details to your matter, its hard to make any opinion. Wish you the best of luck
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  89. I'm really only concerned about my local RE market. Every jursidiction is different. Thankful for CA prop 13 while there are so many bad CA policies.
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  90.  @tobyk5149  it's not going to be repealed just like a years ago. Democrats are adding it under a different name to confuse voters. Who the hell in their right mind as homeowners and renters going to agree to a prop 13 repeal??
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  91. I thought it started last year?
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  92. 2-4, that's all?! Get your money up kid
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  93. ​ @nogotrobot7954 You're not getting the same policy from a century ago. Don't hold your breath.
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  94. So what's everyone's plan for 2025 if the market doesn't turn around for buyers??
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  95. 12:20 Travis aren't you a Mom and Pop RE investor since you have a few properties for rent?!
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  96. Sure so he can push the Fed Reserve and the economy down to a 1-2% interest rates. Swear yall supporters have no idea the consequnces he caused to our economy today smdh
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  97.  @MrClownWorld  imagine thinking material is as important as the water bill. Less is more 🤷
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  98. @TheTalkingTim What's keeping you from going back to renting? Personally I love DIY's and occassional yard work. Gives me more pride in my home that I don't get the same from renting.
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  99. ​ @AB-fq4mr it's called demand and supply. And it's going to get worse since most home owners have refinanced to lower rates...atleast for the existing homes. 😢
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  100.  @realestatemindset  100%!!
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  101. You need to take some lessons from michael on how to walk and talk 😅
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  102. How exactly does it tank after the election?
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  103. So with all these apparent house price "crashes" why aren't people buying houses? Are people waiting for atleast 40-50% decrease?
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  104. Oh so we're just throwing numbers around now 😂
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  105. ​ @seanou2837 u sure about that?
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  106. Hey Travis, where can I buy that "Crash Bros" t-shirt?? 😂
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  107. Is this a poem dude?
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  108. Travis, not gonna lie. I had atleast 4-5 people in the last week, both in friends and strangers ask me about my lender and agent. I'm in CA and folks look like they're getting ready for the Spring to buy
    2
  109. Teacher pay has always been low even before any drastic increase in inflation
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  110. ​ @Katadori09  this has been going on for 2.5 years already wdm??
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  111. Orlando basing facts on inflation "feelings" haha
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  112. ​ @tobyk5149  you should move outta state bro, idk if you can afford it anymore.
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  113. That's right kick em out!! More the reason to huddle up in one home or find a cheaper shelter.
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  114. Yeay im going to buy a house now!!
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  115.  @realestatemindset  even real wages have its ebb and flow but since the 80s and even before then, it has shown to always increase. Surely real wages haven't impact you enough that you couldn't afford your fishing trips? My point is people are still affording things
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  116. Lets go for deep depression, im talking about 70% unemployment nationwide!!
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  117. Actually most recent home buyers did NOT accept a loan at their max. So I say, they'll be fine. Might be more frugality than usual, but they'll get through.
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  118. But did they tho or are you speculating? Let's wait until a massive hike in inventory due to not being able to pay property taxes before claiming anyone "crying"
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  119.  @gemjess132  thanks!
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  120. Great video Travis!
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  121. Wouldn't all those demands that are currently sidelined then will all get in the market at the same time? Wouldn't this cause more bidding frenzy again? Atleast let's prepare, first come first serve on a better price.
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  122. @davidallen2682 you should know by now "Free market" always involve the govt. You're a free citizen but live through the confinement of the law. Why do people only complain about govt involvement when it's not doing them the favor? Obviously not when Trump was around and rates were near zero and everyone was over-consuming. Lots of people just missed out or were outbid during the biggest opportunity to purchasing RE during that time. That's capitalism. Big bank eat small bank. I agree its not the best of time economically now, but while most think its a crash, I think its any inflationary correction.
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  123. This data is only based from 1,000 recent buyers ... from Missouri 🤔
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  124. Are you actually waiting for it to be the same price as 2017?
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  125. Bad financial situation because they can afford the mortgage payments? 🤔
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  126. Travis, youre talking about "locked out" in a home as a bad thing lol...most families are young, with young children, and of age to stay put for the next 10-15 years at the least. Most couples are having kids in their mid to late 30s, which also means they have a much more secured and established careers.
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  127. Speak for yourself dude
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  128.  @Kskep  rates aren't going to come down pass 3% in a very very long time
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  129.  @patriotsakaalsalazar4111  wouldn't that be the case for someone who wants to sell their house? Why would anyone sell their home sitting at 2-3% APR? Unless there is a major recession and unemployment, I doubt a crash worse than 2008 will happen
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  130.  @House_hacker_619  dude save some houses for first time young families trying to raise children lol!
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  131. Doesn't make sense, did she ended up working at McDonalds after graduating?
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  132.  @fosiko123  This so called crash ain't gonna be like 2008. If you have long term plan, you'll be fine. Esp. if you have job security. That said, I'm also ok with waiting to see how 2023-2024 market fairs. If it doesn't change, for sure a significant crash ain't coming.
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  133.  @losfromla1480  no crash in California 🤷🏽
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  134. ​ @MrNatsuka  People have been talking about Fed Reserve printing significantly more money again... Hasn't happen in 2 years. Y'all think you're smart lol
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  135. So many following you and so many videos are made about the need for housing affordability, tells me the demand (in the sideline) is very high...aka shadow demand
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  136.  @realestatemindset  all I'm saying is there is a huge "unhinged" demand. There's no reputable data about sideline demands, so you can't prove there was ever not in history and vice versa. But it sure does feel that's very high these days
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  137. Ask how much a lawyer charges for multiple house visits, mileage, etc.? See if the cost difference between lawyers and RE agents is significant enough. I would only hire an RE lawyer if it's a private sale, special provisions, or act as the agent myself.
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  138. Y'all take Zillow to the heart
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  139.  @Thatoneguy-e2f  Funny thing is, while y'all roast on, they get their asking price or higher/lower, they're going to receive at least 25% appreciation from selling. Its OK to be on the sideline and hate. But don't hate the playa, hate the game. Be in it to win it
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  140. Yall lucky Travis keeps deleting my comments
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  141. S T A G N A T I O N E N T E R I N G
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  142. Travis, do fishing trips count as a saving procedure? 😅
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  143.  @Casket771  yea your name checks out 🤦‍♂️
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  144. And yet you didn't buy it at $485k smdh
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  145. You can blame Bush and the republican party for bailing out banks in 2008. Then comes Trump to push the Fed Reserve to a nearly zero interest rates so him and his buddies can buy up properties. When are yall gonna learn the conservatives' focus is to conserve their capital assets?? The rich gets richer
    2
  146.  @KorthyV2  its ok your investment is generational wealth, not a house. You can make any place a home. What are you investing in...bonds, CD's, HYSA, stocks? Think about day trading stocks and youll really pass the RE appreciation.
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  147. Travis what's the update on the house you submitted an offer on?
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  148. What makes it an incredible quality of life?
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  149. Cuz yall been spoiled by a lifestyle prior to the last 4-5 years. Just make the necessary adjustments
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  150. Hey Travis, I tend to be more bullish than bearish. Ive watches many of your videos but you made some really great points on this video, points that I agree (e.g. new builders forced to significantky lower their prices)
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  151. ​ @Mobev1  ahh so youre just here to flex 💪 lol
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  152. ​ @jackshull1963  So it's not most. Wonder how much 35% really impacted your RE market?
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  153. 18:39 more the reason why its not like 2008
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  154. Which city?
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  155. It's gonna go down to 60-70%!
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  156. "There are still FTHB down payment assistance around"... Those have BEEN around for decades
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  157. Low rates was heavily supported and encouraged by Trump so him and his wealthy buddies can capitalize on RE
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  158. ​ @joseCalderon1976 cool story dude
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  159.  @alansmithy7930  Housing shortage is not the issue , it's the high demand due to this generation's (gen Y and Millennials) large number and of age to settle or nest down.
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  160. Timi😊ng the market 😳....
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  161.  @kidwichita  inflation has barely made a dent since most home owners have a sub 4% interest rate on their mortgage. I refer to "only" as the job loss by a group of "mostly" type of people. I didn't need to say "only" but im not the best in grammer. That said, you're obviously a beginner in RE. Move along
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  162. ​ @realestatemindset the first article sir. The bases of the argument. And I'm usually a fan of your data
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  163. Wonder what people will say when roads begin to detoriate, no capital funds for major repairs and improvements to schools, crime increase with lacking enforcement and fires are left to burn.
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  164. Lol how long do you plan to stay in your house? Moving every 5 years? Swear ppl dont have patience these days. Raise a family and settle down, 15 years will fly by real quick
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  165. Why would lower rates equal decline in house prices?
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  166. Any update, it's now April?
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  167. Hey Travis, are you doing fine? The emotions are high in this video. Rememeber RE should never be analyzed enotionally but logically
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  168. ​ @marojupavan  wage increase or supply will eventually catch up. Either way the price will remain high (not a drastic increase) but interest rates will also remain 7-10% by that time
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  169. Unemployment mindset
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  170. Yap sideline buyers too
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  171. ​ @Dentalcoverage4u  source regarding 80%?
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  172. 19:24 wheres the fact that fraud is a national issue? Sounds like TX problem
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  173. ​ @JacobColson34  you need to bid on properties with seller motives that doesnt support corporate investors. Trust me theyre out there but you wont know being on the sides. Dont underestimate seller's motive who simply want to give home ownership (wt a fair price) to someone who really needs it
    1
  174. ​ @liviyatulbya481 What exactly is "true" capitalism?
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  175. I agree on this on many levels. American culture is more concerned of money, investments, and capitalism, that unless you have these, you will have a better quality of life. But I believe there needs more leniency and care for those that are elderly to get the proper care and that is most closely to housing/shelter.
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  176. Travelling doordash travel 🤨🤔
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  177. 10:31 its probably because those properties are in poo poo conditions in the first place. Turnkey starter homes are still holding and increasing prices atleast in SoCal
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  178.  @johnnifly  sounds like you have a good plan
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  179.  @realestatemindset  thanks and great to hear
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  180. Are you a homeowner or renter?
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  181. How's so?
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  182. Hangover started when covid ended...2-3 years ago
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  183.  @tilleryinnovations592  only if interest rates go below 3% which I doubt we will see again for a very long time
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  184.  @realestatemindset  yes I think govt should give builders incentives to build so that the supply will increase ie. subsidizing material, expediting the permit process, etc. Builders incentivicing buyers right now is futile because the demand is still high
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  185.  @chadmasters3935  Agreed! SoCal here
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  186. Salesman😂
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  187.  @StephenGamboa  and how long is that going to be? How much more are things going to cost? I understand how QT and QE works but he should just state the latter knowing its going to impact the cost of things even for a short while. The contradiction is that he blames the very institute that controls rates (even though the Fed Reserve is not truly a govt entity but is highly affected/regulated by it)
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  188.  @StephenGamboa  I understood everything he said, I'm not buying his book. Govt intervention in economy is required if done correctly. If you all blame bank bailouts are one of the major reasons we dont have a crash yet, you all do not understand the fundamental of American capitalism and investment. Its all a game! And if you dont how to play it, you already losing. Capitalism is more than not, an unfair game. If you all are waiting for massive unemployment and inflation to increase, don't think that buyers are not susceptible.
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  189. ​ @Harry_Dawg.  Do it already dawg, walk the walk dawg
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  190. ​ @pqtpat7734  congrats! Good for you
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  191.  @tobyk5149  thank god we have California Taxpayer Protection Initiative (CTPI) to stop the lies and loopholes of prop 13 ballot frauds.
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  192. Does that mean you regret buying the house?
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  193. Say goodbye to homeownership then 😂
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  194. Yap, I hope trump comes back and nose dive the rates to near zero AGAIN 😂
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  195. 😮 that'd be a disaster
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  196.  @32kay12  if the prices decline steeply, wouldn't your current house (if you need to sell and use that equity for the next down payment) also would be sold at a much lower price as today?
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  197.  @financialninja3180  down the road it goes! What do you mean by "keep clicking" btw?
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  198.  @financeexpert594  If I lose my job, get another one. If I can't, sell the house duh. But the likelyhood of that happening is much significantly lower (high job security) than the alternative. I don't care for my house to lose value rn, because it will eventually go up. I'm here, at the least, for the next 20 years
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  199. Hey Travis, im sorry but you seem extremely triggered by the opinions of bulls. They're living in your head rent free! I thought you've changed that a few videos ago. I hope the best for you and your health. Keep focus on your own predictions and data. You're doing well by reporting just that.
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  200. Dont let these people tell you only the bad news with new construction. This is the inventory people have been asking for with lowered prices but yet yall asking for more. If this is your first home, more than likely wont be your last. Just build up.
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  201. ​ @Mita7401 exactly the same problem that Biden had to face. Both candidates are terrible. The govt has more incentives in consumer goods CPI than the real estate. The govt supports the elites not your 30-50 year old first time home buyers
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  202. SELL SELL SELL EM!!
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  203. Does property tax decrease if market value decrease? Because if it does, it will help sustain mortgage payments right?
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  204.  @safeandeffectivelol  you mean county accessor? Appraisers don't deal with the property tax
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  205.  @davidzawistowski4073  You sound bitter about my financial situation lol. You have no idea what the past years were for me and my family and what our "plan" was during a non-accumulating interest student loan period. Well let me tell you for the fun of it, in 2.5-3 years: paid off 3 vehicles (2 brand new), 2 credit card debts at $8K, and one other student loan at $10K. All the while supporting two kids with daycare and paying for after school activities. Still saving money. Fast forward today: Besides a mortgage (5% rate), we only have her student loan at a trivial $20K to pay off. No other debts. And even more money left over for savings. But go on ahead and feel mighty about yourself.
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  206.  @MrClownWorld  pls care to elaborate then?
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  207. What's really funny and ironic is that your YT ads are by Airbnb's 😅
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  208. So how bad the quality of these new builts are, I wouldn't consider them as inventory in the market.
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  209. ​ @grQ57gsbZ  i dont think ppl are buying home primarily for the appreciation. But shelter and more stable security
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  210. @TheTalkingTim makes sense...condo/townhouse sounds like something that will fit your needs. Letting go of that 3% would be tough, might never see that again in our lifetime. All the best for you 🙏
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  211.  @vids595  I agree to some degree. Investors and landlords are part of the free market, but with how they've impacted the inventory, I think future investors (and via hedge fund) should have more restrictions in attaining or bidding in properties. Average families owning their own homes are more important and vital to both the economy and society.
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  212. Subjective about it being overrated
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  213. But doesn't RE always go up?
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  214.  @MrChrisH33  not necessarily normal but this isn't normal times. Sustainable, yes, if you can afford the monthly and still be within 28-32% mortgage:income ratio. That said, it's unaffordable to many people.
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  215. Thats right, hell we don't need the govt and police to enforce laws on murders and thieves. Judicial system to pass on punishment. Presidents to deal with global affairs...my uncle right round corner can do all that! 😂
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  216. Where at so I can buy there too?
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  217.  @vegasatoshi  You have no idea what Socialism is, which is completely by NOT giving money to banks and investors. Banks and investors are privately owned capitals not owned by a community. And what exactly is a "real economy"...prior to 30 years ago are the 80s. Are you serious? Reaganomics did not helped the poor at all, especially if you didn't ask for a raise! You've got a couple of contradictions in your comment.
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  218. Wise message! 💯
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  219. Questionable statement.
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  220. Hell yah time to start buying!/
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  221.  @Sooogfsdhjll  wth are you yappin about, you're all over the place!
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  222. Mr Orange man but noone wants to admit it because the economy was so doing "good"
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  223. Yap and still RE prices are showing resilience
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  224. ​ @ollie1795  Theres Alaska and the Dakotas
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  225.  @johnnycastaneda2371  is that in Northern or Southern CA?
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  226.  @jjold9394  HOA isn't necessarily bad but the amenities deftly need to be worth it. Some people pay $100-$300/month to upkeep their own lawn and pool anyways. Atleast the latter, you can always cancel tho.
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  227. Anyone buying a house yet?
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  228. Travis, do you really think people are still purchasing with FOMO when demands are significantly down? Do you have data that someone bought with FOMO?
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  229. 😮
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  230.  @fabuloushostess6171  sometimes you gotta go through the storm in order to get to the rainbow
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  231. 15:03 this is why if you can hold on to your home, opportunity to lower your mortgage rates is inevitable
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  232. 8:34 wow I didnt even know the banks got bailed out?!! More info?
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  233. Where do you live Joe? Are you from a "reservation"?
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  234. What's the morning and evening commute like if working in downtown Sacramento from Folsom?
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  235.  @steve0h2004  that sucks, im in SoCal and thankfully only 12min commute from my work. I feel for those with more than 45min commute
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  236. 🥱🥱🥱
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  237.  @winniethepoohandeeyore2  it definitely does, however helps you cope.
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  238. ​ @realestatemindset  If if if...lots of if's
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  239. They are just the reactors, they are not the cause.
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  240. Are you blaming the govt or the landlords...I don't get it?
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  241.  @davidallen2682  bailouts keep the small and big businesses going which in turn provides and maintain employment to many people. It also maintains access to credit for businesses. The free market is not in structured to encourage spikes in unemployment. Try again.
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  242.  @bpb5541  this is how the Great Depression of the 1920s happen. Ill rather have the Great Recession anyday. Bailouts of banks need to happen to avoid drastic unemployments and maintain borrowing credit by businesses. These business provide employment to many people. Granted, these banks CEO's should not be using bailout money for yachts and expensive vacations. Thus you have govt to step in again to create regulations and enforce them. Its not just economically but environmentally as well. Just like people, free market still need to be governed.
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  243.  @davidallen2682  exactly no rebuttal. I rest my case
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  244.  @michaelallen1154   aaahhh capitalism and free market and its impact to american economics, specifically to the housing market. What exactly do you not understand, specifically?
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  245.  @rogerbec5766  i can agree it is indeed abusive and corrupt
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  246.  @davidallen2682  what is exactly false?
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  247. Then you'll be restricted your analysis on relative locations. IMO price/sqft has many more variables to consider
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  248.  @timward3116  I work in electrical utility. This doesn't sound correct, you should check with your electrical provider and make sure your meter is set to net metering.
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  249.  @backrack01  so true, there's a lot of people with deep pockets ready to become landlords or flippers
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  250. If you are a single, don't plan to marry or have kids, AND simple as you say...then just get a 800-900 sqft house. You'll be fine.
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  251. @@ZZZzzz-fuytb Regarding the seller, consider it price R&D. Regarding the buyer, why care if you believe buyer will end up losing the house anyways? Making money in America is a game! You capitalize where you can. Investors invest, near retiree want the most buck, and some just want to sell a house to a family. All fair. Until you understand and are aware that making money is not necessarily about hard work and fairness, then you will always be behind. Don't hate the player...hate the game. Money knows no ethics or morale. You can deftly use it to appease yours but it doesn't obligate it the other way around. Cry all you want, but money doesn't like those that don't like it back. At the end, don't over stretch your budget. Throw the same offer even if it takes 4-5 years from now, see what happens 🤷
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  252. @@ZZZzzz-fuytb Got it, resorting to name calling is your best rebuttal. I'm 40 with 2 kids and a wife. A beautiful home and a beautiful family. I live in sunny Southern California and we don't have basements here. Like I said, America's economy is a game. And you sound like you don't know how to play it. I just wish you luck on saving your money and house search. I know it's frustrating so just take a deep breath and don't take it out on me.
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  253. @@ZZZzzz-fuytb you don't make sense at all. Something is wrong with your comprehension. Btw, to you and the OP, there is such thing as an appraisal. You list a house for $900k and someone buys it, local appreciation will say it's overvalued. Buyer will used that as a means to lower asking. Y'all like to just throw numbers around but don't ever understand how the housing market works 🤦🏽‍♂️
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  254. Idk why but you remind me of Glendale Gary in IG lol
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  255. Does this mean you're going to be buying a house soon Travis?
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  256. Why 20%?
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  257. Why Tonga?
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  258. Thats not what Orlando says 🤦
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  259. ​ @candymanAM what's are the other ways?
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  260.  @backrack01  banks failing only affects those that need loans. If the generak businesses and services are gaining profit I doubt they'll need ask for bank loans.
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  261.  @patriotsakaalsalazar4111  I don't know much about banking process but I will read on it. All I know is a higher interest will also mean higher cost for eggs lol contrary to your statement
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  262.  @rich6246  and did you get a new home already?
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  263.  @House_hacker_619  wish that philosophy of yours can apply to me. My kids are outgrowing and destroying our rental 😂
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  264. ​ @yorsan2240 banks are much stricter in lendings than the last few years.
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  265.  @kimberiysmarketstrategy  💯!!
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  266.  @losfromla1480  I'm not a realtor and I'm directly from SoCal. Im more in the boots in ground than REM will ever be in SoCal. I'm a buyer and been in this market since pre-pandemic. Sounds like you just got on it. If you're not from here than you need to focus on your local market. These new builts are in areas that aren't necessarily desirable, even REM says this. And they're all sold already.
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  267.  @losfromla1480  yes I was around then. You sound so emotional about this. Chill man, everything will be fine lmao
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  268.  @House_hacker_619  great moves! 👍🏽
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  269. I wish I get paid enough to be able to travel and take my research and rescue classes
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  270. ​ @EclipseEditzx3  Are you susceptible to the upcoming recession and job loss?
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  271.  @EclipseEditzx3  then how could you possibly buy, afford and maintain a house during a recession and/or a job loss? Recession hits EVERYONE Every buyer thinks it's only the sellers that'l are going to lose in a recession.
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  272.  @EclipseEditzx3  that's because you are bearish to the market. Price isn't going to decline much more than now. 5-8% more and that's it. Lots of people with low rates bought from buying the last few years and those who refinanced at lower rates. They're going to survive even through this short recession. I just think the market will be a bull.
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  273.  @Wickedpissah138  you said it..."zESTIMATE"
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  274.  @Isabellaprincess544  i think you really need to disregard these macro numbers, whether you believe them to be right or wrong, and focus on your immediate housing, job, economic market. You keep doing this and you'll have too many targets to focus on. Nothing wrong with occasional updates on the multi-market status on a nation scale but it shouldn't be something to focus on. Refine your target and goals.
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  275. I think the rates, inflation, prices, etc. are a place where it needs to be. People are still pending but not as much (we want to avoid completely freezing all markets). Keep it like this for a few years, wages will catch up and the balance will be better.
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  276.  @LockedUpLarry  Not for major industries, except for IT but IT has been saturated in the last 10 years. Work was transferred to outsourced employees 1099. Layoffs were done to increase wages for existing employees
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  277.  @tobyk5149  hey just telling the truth
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  278.  @LockedUpLarry  wages for top corporations are up. Layoffs were done on over saturated businesses.
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  279. ​ @davidaponte7521 and yet he submitted two offers for a house last year/this year...and he didn't win 🤔
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  280.  @jvz28az  I wouldve invested heavily when the buying was low if I forsaw what you did. Apperently you knew the market for the last 15 years
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  281. Then sell that rental so it can be put as an inventory. Put your money where your mouth is
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  282. BRICS can't even get themselves together. Their society is as bad as the US. There was a possibility at one point, but not in the near future.
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  283. Those landlords probably refi'd for a much lower rate tho.
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  284.  @eldybellacetin8167  it means they can buy more time by paying a low mortgage while they get another job. Yall think homeowners don't have savings or investments at this "high" interest rates.
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  285. ​ @privateprivate4882  what do rate cuts mean for foreclosures?
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  286. Guys remember, these new builts are crap and low quality as everyone is saying. Therefore should not be considered within the inventory lol
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  287. Its Ok Trump will win and bail out big corporations!
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  288.  @DrKnowsMore  affordability is going to get better because prices won't go up anymore. Down side, good inventory will be a scarcity. GL
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  289.  @mohhingman  what kind of work do you do?
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  290. ​ @Bhavipatel1207  geez he already said he'll start geez 😂
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  291. ​ @LajitasRain Name one country's educational system that does not?
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  292. Im from CA, ive known 3 families close to me who recently bought a house. Looks like buying is going up. I also think there are a lot of buyers are ready to purchase but are just waiting for the election.
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  293. 5:41
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  294. So hows those stocks sir?
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  295.  @jackshull1963  ~35-40% purchases w/ DPA has been consistent since 2010. Damn if you do damn if you don't IMO. Many middle class have been asking the govt to help them with acquiring a house and thats what DPA does, esp. for FTHB. Obv. you still need to be financially responsibile and DPA programs have been around for so long. Spending habits, expenses etc can change (to be more frugal) easier than trying to change salary. Fed rates are going down so I'm assuming it will decrease the cost of things.
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  296. 3:58 your definition of a "crash" is 15% minimum decrease from top peak after a minimum of 40-50% increase from the last 2 years 🤔
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  297. Just try it yourself
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  298. ​ @Kurplode  Tell us how the journey goes! With 70% down, I would think it wouldn't be a problem to win a house bid.
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  299. $16k for property tax?! Thats insane. Im in CA and pay only $7k, within a major city border
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  300. Those liberals were the same liberals that left the east coast 20 years ago to Cali, trying to pursue thwir dreams in hollywood.
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  301.  @tobyk5149  not trolling but am I lying though? If I can afford a house withib my 20-30% mortgage to income ratio even if prices went up $100K from last year and it all makes sense for my family why not? Ask Travis, he submitted an offer last year and I wouldnt be surprised if he does it again this year. Like I said, affordability isn't yall problems, it's wishing the prices are pre-pandemic prices. Not gonna happen, even Travis knows that!
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  302. This is exactly what I've read from another source!
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  303. ​ @samaracanfield3211  Recession hits everyone. How are those buyers on the sideline going to buy a house without a job? Buyers are not susceptible to job lost too.
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  304. So....why haven't you?
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  305.  @jeremybaldwin2840  perfect , then no need to cry about housing here
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  306. Just one bonker?
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  307. Just one bonker?
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  308. FOMO = FEAR OF MAKING OFFERS 😂
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  309. ​ @macsautos1098  but he been saying it started...a years ago lol
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  310. ​ @Ringostarcrested and its been going for a few years
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  311. Its not rocket science
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  312. What did you expect getting working only part-time 😂
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  313. So what I get from this video is: hey everyone, inventory has increased but oh the quality is extremely poor so don't buy. Is the price really the problem or location or quality or lack of character???
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  314.  @choncha23  June 2023 unemployment rate was 3.6%. A 0.5% increase is nothing in a year. I agree its a weak resessiom but Travis makes it seem as an indicator to a larger problem.
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  315. Just use google translation, gatt damn it
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  316. 😮
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  317. ​ @gregh7457 so true, and a whole different layout and more efficient appliances. Personally, I don't factor $/sqft as a top priority as much as overall layout and flow, efficient utilization of space, and potential space from under-used voids.
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  318.  @tobyk5149  i was 30 and DIDN'T have a job. I had a career.
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  319.  @tobyk5149  I was 30 and DIDN'T have a job. I had a career.
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  320.  @tobyk5149  I was 30, didn't have a job. I had a career.
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  321.  @kidwichita  im not to the moon person but deftly not a crash bro and the sky is falling. This is the correction, stagflation. And if you ain't correcting yourself by getting your foot into RE...to a house you CAN AFFORD, then you'll be on the wrong side of history
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  322. Sounds like problem is solved 👍
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  323. How much shared?
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  324.  @jdwilder63  oh you mean it's already bad? Well it sounds like it's just going to get worse. I'm sure you've already callled your local public works to request road repairs or engage in planning meetings.
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  325.  @jdwilder63  just spot checked Bismarck ND and the roads look great. Ive even see fresh asphalt on cracks on multiple areas. Have you driven thru Commerce, CA lol?
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  326. But you can deduct mortgage interests into your tax smdh
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  327. 7:47 im confused by what you are saying, are these data checking or SAVINGS account balance? And is this after expenses - not clear?
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  328. ​ @jon5756  Trump will make that happen
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  329. FOMO = Fear of making offers
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  330. I live in Cali, specifically Southern California, and there are NO corrections here. Prices are still high, demands are still high. The only places that I see prices lowered (by not a lot) are the areas outside and far away from central areas. Your trade off in those areas are high temp, very long commute, and away from major social activities.
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  331. ​ @allchatgaming7107 more like 100-200% u serious?! It's 50% alone in the last 3-4 years.
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  332. Q3 2025 is when the FED will significantly pivot to lower rates...which means back to bidding wars on existing homes and impacting rentals and new builts.
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  333. Technically it does. Corporations won't have mass layoffs as long as fed interest rates are at pause or have an extremely slow increase in the next 5-6 years until they pivot to going down
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  334. This message was sponsored by a guy who made multiple offers in early 2023 😅
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