Youtube comments of none none (@nonenone1534).

  1. Strong, intelligent, independent woman - wish there were more like her.
    676
  2. Finally - real questions - what she did with the border was criminal.
    428
  3. the charges and the tax payer resources spent on this trial are a joke
    340
  4. RFK makes more sense than any candidate
    332
  5. Does anyone really think that Harris and her word salad is strong enough to handle this situation?
    131
  6. It’s nice to have a vice president that actually gets up and goes to work every day!
    97
  7. Trump for Catholics 2024 🇺🇸
    89
  8. Home prices will never correct without high unemployment and recession. Too much money was given away during the pandemic.
    73
  9. It’s a process!! Home prices don’t drop over night!! It happens gradually.
    65
  10. RFK nails it every time - it’s impossible not to like him!
    63
  11. Inflation is so bad in this country. If you didn’t double your salary in the last 4 years you are BROKE!
    56
  12. Um why are we still giving Iran money ???!
    49
  13. Smart lady. Doesn’t hypothesize. Backs her opinions up with facts. Doesn’t show emotion. Tells it like it is. It would be great if more economists could be like this!!
    45
  14. Just like 2008, when recent buyers realize they are upside down on their mortgage they will hand their keys back to the bank and short sale. No one wants to pay on a depreciating asset for years to come. Many that purchased homes the last 24 months are now under water!!
    42
  15. it’s a national security issue if the Dem nominee can’t answer some live questions on a regular basis.
    42
  16. Very refreshing to hear a real democrat speak facts.
    41
  17. Please don’t hurt Iran ~ Biden
    32
  18. Home prices were 50k when rates were 15% - now Home prices are $1 mill at %7.00!
    30
  19. “You need to put in your best and final offer at least $50,000 over asking or you will never own a home !!” This is illegal !!
    28
  20. New York for Trump! 🇺🇸
    23
  21. If a seller lists a house 200k over market value and then drops price 30k - is this considered a crash ?? Same thing happened with washers. They were marked up and the price dropped 40% to normal market price. This is more of a rebalance than a crash. Home prices need to drop 40-50%
    23
  22. Only way to afford a home now is to double your salary!
    23
  23. When people start to lose equity in their house they hand their keys back to the bank. No one wants to pay on a depreciating asset!! This is how the crash starts!!
    23
  24. rates heading back up next week after CPI and fed meeting.
    21
  25. Appreciate your insight, but people still need to provide shelter for their family and drive to work. It’s not a choice for many !!
    19
  26. Unscrupulous realtors are largely responsible for the 2008 crash and the current market correction.
    19
  27. so basically home prices went up %45 in two years and the Fed is ok with that just as long as they don’t go any higher ?! Are you kidding me ??
    19
  28. Didn’t this guy just say we were in a bull market last week???
    19
  29. Every day you wait to buy, you are saving yourself more money!! The longer you wait, the more money you save!!
    18
  30. it wasn’t a good idea to flood the economy with $1 trillion in fraudulent PPP money so every self employed/unemployed investor could game the system with $500,000 in cash and buy real estate !!!
    17
  31. Recent buyers are now under water. They will hand their keys back to the bank and short sell just like in 2008!! No one wants to pay on a depreciating asset for years to come!! QT right around the corner!!
    16
  32. He has not wavered from 2% goal. We have a long way to go. Fact is rates are not coming down anytime soon.
    16
  33. Peace through strength! Amazing work! 🇺🇸
    15
  34. Anti semitism at colleges underscores the need to abandon far left wing liberal ideology. It’s contradictory to the people that need the most help !
    15
  35. If you’re working and paying into the system then you’re voting for Trump.
    15
  36. Homebuyers will start walking away from their mortgages. If you purchased in last 24 months you are now underwater. Sheltering costs are 40% of CPI - If sheltering costs don’t come down then neither will inflation. Buyer Beware !!
    15
  37. What about QT? Mortgage rates closed today at 5.84. prices are dropping everywhere. This is just the beginning. This interview is comical !!
    14
  38. Must eliminate private equity and hedge funds from the housing market and problem solved! Tax them! What’s taking so long ?
    13
  39. Realtors have too much control and have manipulated prices. Commissions should be cut immediately which will never happen due to having a large lobbyist group!! Having a real estate license is like having a license to steal!!
    12
  40. Awesome video Nick!! %2.25 rate hike the last 4 months hasn’t even trickled into the economy yet!! This is a classic bear market rally. We are still very early in this process with more rate hikes and QT to come!! Traders are hoping for a pivot from the Fed. Way too early for that.
    12
  41. I left Phoenix because of the extreme heat. A sprawling desert with cookie-cutter homes in 115 degree heat is nothing to get excited about. Factor in higher crime rates and the value just isn’t there. The bubble will burst once again.
    12
  42. Great video!! My belief is high rent prices are the real sticking point for the Fed more so than home prices. Either way, sheltering costs are at an all time high because of the pandemic and they must come down before families end up HOMELESS!! The pace of the Fed selling MBS off balance sheet is the real driver. Sheltering costs must come down or these politicians will be voted out. There are more people currently priced out of the housing/rental market than priced in. Rates continued upward trend on Friday. Rates will continue going up until something breaks!!
    12
  43. Fed has raised rates very rapidly. Once rate hikes kick in (takes about 6 months after each increase) - it’s game over. Inflation still rampant
    11
  44. Wow!! A realtor that is not trying to insult everyone’s intelligence !! Thank you!! Hope you sell lots of homes !!
    11
  45. “Unemployment is ONLY at 3 1/2% and we only have 10 million job openings.” Prices don’t come down if people are working and still spending money, sadly.
    11
  46. It is no longer a sellers market. Big REITS and private equity just started to sell their portfolios at a discount. They will flood the market and the home prices will drop like a rock. No one wants to hold a depreciating asset!! This is what will cause the impending crash!! Cash is king!! BUYER BEWARE!!
    11
  47. Fed just came out today and said there is going to be “pain” ahead. We are just getting started with lay offs and recession.
    11
  48. New listings are coming on market 20% lower than current market value. No one talks about new listings, just price drops. Realtors are very clever. They are rebalancing.
    11
  49. Home prices will only come down with high unemployment - otherwise inflation will be sticky
    10
  50. $95 Bill/month in QT is very small amount on a $9 Trill balance sheet. %2.25 on Fed funds rates is still very low considering core inflation is 5.9 (excluding food and gas) - Fed needs to do more now in order to avoid stag flation.
    10
  51. Housing inflation makes up 40% of CPI. It has not gone down. It’s stupid to drop rates!
    10
  52. Nice interview Stephanie !! Very honest and professional !! Assumable mortgage - great idea !!
    9
  53. anyone who purchased in last 24 months now has negative equity. This is when people start handing the keys back to the bank like they did in 2008. No one wants to pay on a depreciating asset!!
    9
  54. Home builders used supply chain constraints to jack up prices. When interest rates are raised further - all materials will be readily available (they are now) and prices will tank !! It’s a a scam
    9
  55. You are not alone. Lot of people in the same boat. If home prices don’t come down the democrats will lose congress in November. They almost have no choice other than to force a housing correction!! I say 20% correction - not crash, but that brings us closer to pre pandemic levels in most of the country.
    9
  56. Most home listings are, on average, $200,000 overvalue. If prices drop 40-$50,000 are you really getting a deal????
    8
  57. Many homes were bought for 300k and sold for 500k or more during the pandemic. Prices need to rebalance 40% or more with rate above 5.25
    7
  58. There will be no rates cuts this year - stop talking about it
    7
  59. If rates stay above 6%, home buying will come to a stand still very soon. Then we will see if sellers drop prices or take homes off market.
    7
  60. He has investments and investors to answer to. He has his own agenda!!
    7
  61. Better make 250k minimum if you are a First Time Home Buyer!
    7
  62. yep no one gets this!! No one wants to pay on a depreciating asset!!
    7
  63. Rates are now in high 4s. Recession bond trade is on. This could add more air to the housing bubble!! More layoffs, recession and QT may balance that out. Dems don’t want to lose seats in Nov election !!
    7
  64. 3% NYS property tax + gas bill = worst value in the country
    7
  65. LOCK HER UP! What she did with our border is criminal.
    7
  66. oh wow - I don’t have to waive my inspection anymore after a 40% run up in 2 years. What a bargain !! This is ridiculous. Raise the dam rates to %8.00 already!!
    7
  67. Sternlicht's Starwood Looks to Unload 3,000 Homes for $1 Billion The property owner is seeking to sell thousands of rental homes as the US housing market starts to ease. HERE WE GO!!
    7
  68. Great video - negative equity is how housing crash starts!! Dumb people buy at the peek (right now), then realize they are screwed and hand the keys back to the bank. Then their neighbors home values drops because of it and he/she does the same and so on!! This is going to get interesting !!
    7
  69. Core CPI is %3.3 - why are you dropping rates? There will be another wave of inflation.
    6
  70. Great video Travis !! Rates are on their way back up!! I’m finally seeing some price drops in my area and homes sitting for longer.
    6
  71. Fraudulent PPP loans that were fraudulently forgiven are responsible for this bubble. Learn to game the system or be left out in the cold!! Literally!! No reward for the hard working tax payer!!
    6
  72. unfortunately, mortgage rates will come back down soon. Fed almost done raising. Too much equity out there. Home prices aren’t going to drop more than 10% if they drop at all. Fed would need to raise mortgage rates to double digits for that to happen.
    6
  73. Mortgage rates spiked today. 10 year treasury note at the highest it’s been since 2010. Rates close to %6.00. New listings being brought to market lower than last month!!
    6
  74. Fed will start unloading $100 Billion/month in MBS in September. If they stick to it, mortgage rates should go up. Yellen and Powell are politically motivated. There is a conflict of interest. Both should resign immediately!
    6
  75. Lost respect for Mohammed - cut rates now and will have to raise 2 fold in 6 months - he’s knows better !
    6
  76. Another great video - Thank you. Mortgage rates are coming back down because of recession fears. The more the stock market sells off the lower mortgage rates will go and prices will stabilize. No one believes the Fed reserve will do what is necessary. As long as this is true, home prices will not drop that much. Fed needs faster interest rate hikes and they need to resolve supply chain issues.
    6
  77. Agreed !! But wall street has just woke up the last couple weeks and the liquidity is now drying up rapidly !!
    6
  78. Truth is not everyone deserves a house. Years ago you worked hard and saved 20% down or you lived in an apt. Now everyone feels entitled. Keep the rates high like the 80s and squash this phenomenon. Reward the savers.
    6
  79. if you over pay for a house right you may never break even. Hosing Crash of 2008 - many didn’t break even so they simply handed the keys bank to the bank to get the debt off their credit asap. Most people don’t want work so they can pay good money on a depreciating asset !!
    6
  80. Great video - no one considers QT - balance sheet reduction coupled with rising fed funds rate. Reality is that home prices will come down more than 20%. This is a lot of tightening in a very short period of time. Most aggressive QE in history goes to most aggressive QT !!
    6
  81. If you don’t live in a region with a lot of home building then you are stuck with higher prices.
    6
  82. what are you talking about it’s happening right now as we speak in real time?!!
    6
  83. If list prices are 40-50% higher now than pre pandemic can we really even call this a crash or correction if prices drop 20% from the peek?? Prices need to go back to where they were pre pandemic, which would be a %42 drop in most markets.
    6
  84. Pause? Fed will have to raise rates again soon!
    6
  85. Phoenix isn’t livable for 4 months in the summer - it’s unbearable - not a place to be over paying for a house !! Very transient market
    6
  86. People usually walk away from their homes because their homes are depreciating in value. Big REITS selling blocks of homes now at a discount!! This will drop prices fast !!
    5
  87. I definitely wouldn’t want to be a prosecutor in NY right about now! Time to start thinking about a new career.
    5
  88. mortgage rates still need to go much higher in order for this to come to fruition. 5-5.5 on the 30 year will stop the bidding wars but it won’t correct prices. The fed doesn’t want the housing market to crash. They just want to slow it down. Rates will stay here and things will level off in most regions.
    5
  89. Home prices aren’t dropping and never will. Too much demand. Doesn’t matter how high Fed raises rates. Nice work!! We are now Canada.
    5
  90. Thanks Travis for being a realtor with moral integrity. IMO, unscrupulous realtors are largely responsible for 2008 crash and now this one.
    5
  91. Why do the Chinese and Russians own so much real estate in the US? Limit foreign investment! WTF
    5
  92. Higher home prices are now entrenched. Zillow and Redfin permitted to manipulate data!
    5
  93. A realtor has a fiduciary responsibility to advise clients on how to make responsible decisions not encourage buyers to bid 100-200k over asking them disappear when the market tanks !!
    5
  94. Bear market rallies are very common before making final market bottom.
    5
  95. Mortgage rates closed at %5.95 today for A paper borrower and going higher. This is when the hosing market starts to roll over.
    5
  96. “prices are still up 38%” - so much for the reset in prices. Home prices are not coming down, ever. They are just not going up for now. Unwind the balance sheet and raise the rates ASAP.
    5
  97. mortgage rates need to go higher - 10% - limit foreign and corporate investment - raise taxes on corporate investors ASAP!
    5
  98. We are stuck with higher home prices ? Avg new build is $524,000?? That’s expensive for anyone!!
    5
  99. Excellent video!! No bid for MBS is a huge red flag!! Liquidity is drying up rapidly. Some big hedge funds and financial institutions will blow up!! This could lead to systemic risk. This is not good.
    5
  100. end the wars and become energy independent - problem solved !
    5
  101. Great video!! Back in 80s Fed did same. Eased up on rates and inflation came right back again. Same will happen this year and Fed will have to raise rates further. Home prices and core CPI are still ridiculously high.
    5
  102. Good points John - this is why the Fed will leave rates higher for longer. Home market will take a while to correct, but you can thank the federal reserve for creating this mess
    5
  103. cap rates have gone down. Park your money in T bills, guaranteed return. RE investing fad is over. It will take time to sink in.
    5
  104. CPI will be 9% for May, guarantees another .75 bps hike in July. S&P heading lower. Nothing will change until price of gas and oil comes down. Need to be energy independent!!
    5
  105. All central banks are raising rates fast. Bank of England already at %1.00. Fed reserve lagging. They will raise rates until something breaks. recession or stock market crash - home prices will come down.
    5
  106. Home prices are not dropping enough. Fed is playing politics before Nov election. QT should be ramped up immediately. Rates should be at %6.00 plus to make a difference!!
    5
  107. This is outrageous.
    5
  108. Fed will follow UK and start buying long term bonds soon while still raising fed funds rate.
    4
  109. Agreed however Fed always threatens to unwind the balance sheet but can stop at anytime and usually does!
    4
  110. All it takes is ONE house on your street to sell for 20% less and you just lost 20% equity!! I have plenty of cash sitting in my bank account earning very little. I will NOT purchase a home right now because I do not want to be underwater $100,000 - $200,000 and possibly never get that money back!! I don’t care how much money you have, no one wants to be under water on their house!!
    4
  111. current real estate crash/correction will take approx 5 years to play out. Be patient.
    4
  112. Fed needs to raise rates through QT to at least %6.00 plus to pop this bubble. Get it over with!!
    4
  113. Great video !! most expensive markets starting to “correct” - not crash. I believe we still have a ways to go. Vast majority of country not correcting. Northeast, mid west. most of the housing bubble is in the sun belt as usual driven by speculation. Rates need to go above %6.00!!
    4
  114. mortgage rates need to go to %10.00 to get prices back pre pandemic levels, which is what buyers want.
    4
  115. Great video Travis!! No one speaks of QT and the effects on rates. Can we please analyze this more? Fed funds rate is only one tool. Unemployment projected to go above %5.00. Recession will deepen. More bad news on home prices will come out. Prices will continue to drop gradually over time.
    4
  116. That’s true everywhere!! The RE market should have some kind of regulation like the stock market and other markets !!
    4
  117. CPI may finally come down but lot of economist track core inflation rate which excludes food and gas. Core inflation may still go up because rents haven’t dropped. This is a big problem for the Federal Reserve.
    4
  118. If fed continues to come to their senses then the housing market is doomed. I still doubt they will follow through like Paul Volker did.
    4
  119. this is when recent homebuyers in Cali hand their keys back to the bank. Homebuyers in California are experts in the real estate game. They want the depreciating asset off their credit asap so they can buy again in 3 years!! and it works !! They make money!!
    4
  120. Austin is up 196% - 20-30 downside is nothing
    4
  121. Air Bnb is the 2008 housing crash. Speculative investors will dump these properties after not being able to carry the expenses. Hotels have made huge comeback.
    4
  122. Buffalo NY is now one of the most inflated real estate markets in the country, especially when you factor in NYS mortgage tax !! If you want to buy in a decent neighborhood, you’re looking at $500,000 and higher with $15,000 year in taxes!! ….and you can’t even get your street plowed !!
    4
  123. There will not be a housing correction without a stock market correction - the fix is in
    4
  124. Homes prices might be dropping in the ghetto areas, but if there is a nice house in a nice neighborhood for sale it is still selling for over asking by 50k plus. “Best and final offer” aka market manipulation. Ask for an escalation clause on your purchase contract!! Realtors need more regulation!! Mortgage rates need to go to %8.00 to break the inflation.
    4
  125. Fed will be lucky if they can get through 12 months of unwinding balance sheet - they backed off fast in 2013
    4
  126. Nick - Always great videos backed up by facts!! IMO The only thing that’s can slow the hosing market down are higher rates. Mortgage rates are still not high enough to reduce demand. moreover rates may have peaked. If this is the case - there will be no price correction.
    4
  127. Love your videos!! Home prices aren’t coming down unless we get over %5.5 unemployment or higher. There are still bidding wars all over the nation.
    4
  128. I love when CNBC seeks out the opinion from a realtor or real estate company. What do you expect her to say ? Get out now!? Hey CNBC try to get an economist with an unbiased opinion. Perhaps someone who understands macroeconomics!!
    4
  129. corrupt
    4
  130. This is what happens when corrupt politicians change the definition of recession and naive voters believe them !!
    4
  131. Well said!! I used to get 6% interest in my money market account. No reward to save. Reward is in speculative assets
    4
  132. Trump 2024🇺🇸
    4
  133.  @HappyPenguin75034  you obviously didn’t live through the housing crash of 2008. someone can very easily short sale and then rent an apartment or a house until it’s time to buy again at a lower price. there are thousands and thousands of homeowners that did the same exact thing and became millionaires. Get a clue!!
    4
  134. Fed has to get to %2.5 “neutral” ASAP and then they can become data dependent. Pain in all markets until then. Historically, fed funds rate must exceed CPI in order to contain inflation. IMO, Fed officials need to step down.
    4
  135. Great content!! Recession trade back on in the bond market today after fed meeting. Yield on 10 yr tanked. Mortgage rates will come back down with recession further fueling home prices. I believe this was deliberate on the part of the Fed.
    4
  136. %3.5 down FHA loan with 56.99 DTI is a very risky loan. So is 100% financing for a VA loan with a 600 Fico score. A day of reckoning is near !!
    4
  137. FHA - 580 Fico - 56.99 DTI - 96.5 LTV - When the recession hits, the foreclosures start.
    4
  138. The scary thing is that Ben Bernanke was awarded the Nobel prize for quantitative easing after the economy crashed!! He should have been brought up on criminal charges instead !!
    4
  139. Jeep 2025 is still grossly overpriced. Drop the price ASAP.
    4
  140. The smart real estate companies are speaking out against high prices because they don’t want egg on their face !!
    4
  141. People need to sell all the time due to life circumstances don’t be fooled. This is how foreclosures happen
    4
  142. Buffalo been trying to bring people back downtown now for 50 plus years! NYS should subsidize retail in the whole downtown core. NYC bleeds us dry.
    4
  143. Values dropping, Home builders going BK, mortgage lenders going BK, rates rising, QT, feels a lot like 2008!! Black swan event is right around the corner !!
    4
  144. Travis, what are your thoughts on seller asking for best and final offer ?? I believe many realtors have manipulated the market higher and to their advantage.
    4
  145. Foreclosures are imminent. Fed wants open door (flippers) out of market. Loss in equity will lead to short sales. The longer sellers wait the more money they lose.
    3
  146. Fed reserve lost credibility with the “transitory” talk. They missed inflation. No one has confidence that they can get this under control. They aren’t even at %1.25 feds fund rate yet !! Inflation is in the 8s. This is so dumb that it’s comical.
    3
  147. Mike, love your videos!! Fed will probably drop rates by June. There are 139 banks in the US that are about to go BK. Home prices will continue to correct with tighter lending standards at all banks. Fed needed to cause a meltdown. we are already in a bad recession. lesson learned not to listen to politicians when they change the definition of financial terms to meet their agenda.
    3
  148.  @menrbuiltnotborn6241  you obviously didn’t live through the 2008 housing crash. It’s all a big game!!
    3
  149. probably since 2008
    3
  150. Inflation is “Transitory” - biggest lie in history - everyone saw this coming except for J Powell
    3
  151. Mommy and Daddy wrote them a check. Don’t be fooled.
    3
  152. good point, I can’t believe Fed would pivot that soon. Need at least 6-12 months to see if interest rate hike worked !!
    3
  153. no supply and demand with record PPP and pandemic stimulus - inflation is entrenched
    3
  154. Another radical, liberal news reporter. Try to be objective and your ratings may go up !
    3
  155. seriously? we now have stagflation!!
    3
  156. I live upstate NY - long winter - now inventory is building very fast and homes are sitting !! High taxes - prices need to come down %40
    3
  157. please educate yourself on federal reserve policy and inflationary indexes. There is now quantitative tightening (QT). You can’t fight the fed when quantitative easing and you should not fight the fed when quantitative tightening. Value of dollar will increase and demand will be destroyed. This isn’t a casino.
    3
  158. Buffalo NY is the most over valued housing market in the country when you factor in median income and the 3% New York state annual property tax.
    3
  159. Great video!! Valid points!! The national market is trending down and it will take a few years to bottom, just like 2008. Unemployment is still low, which gives fed the green light to leave rates higher for longer. This is the new normal. Fed needs to take money out of the economy so they will pay you to save vs spend !!
    3
  160. This house is worth $350k - cmon!
    3
  161. Come on Powell !! Raise the rates already before I have to live under a bridge. Can’t buy a dumpster for less than $500,000 anywhere !! PPP /:
    3
  162. Great video!! Fed has emphatically stated they want CPI at %2.00. I believe they will take whatever measures necessary to achieve their goal. Follow the data.
    3
  163. These big corporations and money investors already know that they own a depreciating asset and therefore will flood the market with new listings very soon !!
    3
  164. what is the % decline ? We still have a long ways to go in many regions that didn’t have new builds
    3
  165. No one talks about QT!! Whats going to happen when the Fed starts selling $100 Bill/month in MBS!!??
    3
  166. Trump needs to chose Kristi Noem as his running mate for 2024!! No brainer !!
    3
  167. Buffalo NY - most over valued home market in the US. NY Property taxes = 3% of home value
    3
  168. Your point is noted however Fed still needs to move to at least %3.5 on fed funds rate to have any hope of bringing inflation down. Stock market prices will need to readjust. There could easily be another %20 down on the S&P. Nasdaq is already in bear market. I hope I’m wrong but Fed is very late. Most investors don’t remember runaway inflation.
    3
  169. Please reduce the cost of living - I now need to earn 69% more to live !
    3
  170. Fed wants to induce recession . Fed funds rates will be at %3.00 or more by year end. Rates will be at least %6.00. Fed said yesterday 50 bps hikes on table for at least next two meetings. Follow England and Europe. US is lagging. European inflation is %10.00 and they now have a food shortage. if our inflation moves higher like England it’s game over. Homes are def sitting longer. stock market sell off, tech sell off, crypto sell off will only exacerbates the problem!! First time is US history we have Quantitative tightening !! Stagflation !!
    3
  171. list prices are much lower, bidding wars have stopped. It’s a process. Housing crash of 2008 took 5 years to unwind. We are in year one.
    3
  172. High mortgage rates won’t bring home prices down. There is no supply in many regions. Suspend foreign investment and corporate purchases immediately!!
    3
  173. CPI number today was manipulated. Core CPI ridiculously high. Shelter costs are astronomical. Basic living expenses are through the roof.
    3
  174. This is ridiculous. This realtor should be reported to the PPP fraud hotline.
    3
  175. 500k for a starter home in most areas at 7% interest rate! Eliminate corp and foreign investing ASAP!
    3
  176. New home listings are 20% under market. No one discusses this. Mortgage rates are going to 6.5-7.00 - that will be the time to buy IF you can still qualify.
    3
  177. Big rate hike coming next week - mortgage rates are going back above %6.00 - that’s when the capitulation begins. Beware of black swan event.
    3
  178. PPP was beset by fraud estimates suggesting that more than $117 billion of the $780 billion in federal loans went to ineligible businesses. Now it’s in the real estate market !!
    3
  179. attach a light rail from downtown to connect to the stadium !
    3
  180. The federal government gave away $6 TRILLION in pandemic stimulus - PPP EIDL - prices are never coming down. The goal is to stop prices from going up any further. We are stuck with the prices we have. If you can’t afford shelter then think carefully about who you vote for !!
    3
  181. Wait until the hedge funds and private equity firms realize that owning entire neighborhoods is not a great investment !!They will start selling -
    3
  182. gents - homes just increased 40-50% in 2 years. Historical data shows homes increasing with the rate of inflation. You are witnessing the unwinding of the largest bond bubble in history. Please research money and banking. DTIs will not qualify. Rates goes up and affordability goes down. Simple math. %80 of housing market is mortgaged. These are the facts. Those under contract are backing out now. It will take 3 months for higher rates to be absorbed into the economy!! It doesn’t happen over night
    3
  183. Higher interest rates are not going to dramatically increase inventory unfortunately. Suspend foreign investment
    3
  184. I live 5 miles north of Buffalo and it’s sunny with no snow. More fake news from the national media. Southern tier gets all the snow on the shores of Lake Erie. Educate yourselves.
    3
  185. Main Street, downtown has been and always will be a ghost town. No excuses after 50+ years.
    3
  186. Housing demand was real when rates were at all time lows, but now demand isn’t real because rates are at moderate levels ??
    3
  187. Recent buyers are already upside down on their mortgages and will start walking away at some point. It’s human nature.
    3
  188. Total commission should be 3% for both buyer and seller realtor combined - come on this isn’t brain surgery !
    3
  189. so true!! Inflation isn’t going down. This is basic stuff
    3
  190. Rates may never go down again - inflation is very sticky and hard to break, just look at our current housing market
    3
  191. I’m all for legal immigrants that want to add value. I’m not for illegal immigrants that want to deal drugs and bleed the tax payer. There is a big difference. Educate yourself.
    3
  192. Travis, you are the man!! It takes courage to make all these videos and put your opinions out there. I believe you are spot on but no one has a crystal ball!! I always thought many economic indicators were predetermined based on what the Fed wants the public to believe. One misconception with payroll report is lot of these jobs were 2nd and 3rd jobs because people don’t have enough money to live. As you stated inflation is worse not better and rates have to go even higher. Unfortunately we are still early in this cycle. Commodity prices have come down so CPI should come in under 9.1, but not low enough to reverse course. Sheltering costs make up 40% of CPI and are still too high.
    3
  193. Home prices won’t come down by raising fed funds rate. Fed should sell off balance sheet vs raising fed funds rate.
    3
  194. sheltering costs are still sky high. car prices and Oil are still too high. Cost of basic necessities sky high. Too much fraudulent PPP and EIDL money in circulation. Almost feels intentionally done.
    3
  195. Travis great content. As the Fed continues sharp interest-rate hikes, money will pour back into bonds (safe haven) driving the mortgage rates down. Please consider.
    3
  196. Peter, you have been right for many years. What is your plan now to make money ? Will you be shorting the markets? Are you recommending that investors short the markets?
    3
  197. I sincerely do not believe that most people fully understand what’s going on with unprecedented interest rate increases coupled with 95 Bill/month in QT!!
    3
  198. The economy is rigged for the wealthy. Don’t be fooled by all this liberal BS.
    3
  199. Love your videos - the housing market will not correct - ever - too much demand - no supply - rates will need to go into the double digits, which will never happen. Too much foreign investment. It’s rigged.
    3
  200. Agree, people are not qualifying. FYI - Recession bond trade back on. Rates may drop back down again with stock market sell off.
    3
  201. Travis, don’t forget about 3% New York State annual property tax. $400,000 home will cost $12,000/year in property tax. 500,000 home will cost $15,000/year in property tax and so on. As home values increase, so do property taxes.
    3
  202. Siegel is definitely not a first time home buyer!! Sheltering costs increased 40% during the pandemic and now we are suppose to celebrate because home prices finally stopped going up !!?? what about the 40% increase that should have never happened to begin with ?? Deflation or not - drop the price at the pump, grocery store and roof over my head and then we can celebrate. Siegel is completely out of touch with reality.
    3
  203. Agree with all of it, but the alternative of wasting money on high rent to live in an apartment is just not a good investment either. I don’t see systemic risk like 2008 where you will be able to get homes for pennies on the dollar. The Fed reserve will always coddle the market. You may catch a deal for 50-100k under todays prices if you wait long enough but when all said and done will it be worth the headache and expense of waiting?! especially if you have a family ? If I find something that is reasonably priced and not in a bidding war - I will buy because I intend to occupy for at least 5-10 years. Again, I sincerely hope prices drop but rates will have to move closer to %8.00 which is still historically low. Best case scenario, you buy a nice home without a bidding war for a fair price.
    3
  204. Every day you wait to buy, you are saving yourself more money!! The longer you wait, the more money you save!!
    3
  205. Josh Brown - telling it like it is with the facts !!
    3
  206. talk about discrimination against Buffalo. try to get a better meteorologist/satellite intel and have some more heavy snow removal equipment instead of giving all the taxpayer money to illegal immigrants.
    3
  207. money market funds will limit cash withdraws. No one really know how they work or what’s in them. They are not FDIC insured
    3
  208. Starwood is the industry leader. If they are selling then that is a very bad sign for the housing market. Buckle up !
    3
  209. Amazing city then and now!
    3
  210. Thats why they turn the keys back to the bank and walk away. They have negative equity. This is what happened in 2008. No one wants to pay a mortgage that is upside down
    3
  211. Mortgage rates need to go to %7.00 or %8.00 ASAP to bring down sheltering costs ASAP. There are families living in their cars in this country. The refugees have better shelter than working class citizens!! This is a disgrace !!
    3
  212. FOMO exists regarding higher mortgage rates as well. You live in a area with high demand!! lot of gov jobs. Rates in high the 6s should help.
    3
  213. Need more quantitive tightening - drive mortgage rates up and this will all correct real soon
    3
  214. Now that borrowers are under water they are now incentivized to walk away from their mortgage. I believe this will start to happen when people figure out they are permanently upside down.
    3
  215. great point - fed reserve had to keep feeding the bubble all these years to avoid another calamity. Kick the can down the road and the road has now ended !!
    3
  216. Takes a few months to a year for interest rate hikes to kick in. Corporations will start dumping their investor portfolios soon, creating an inventory glut
    3
  217. If the fed cuts rates they will have to turn right around and raise them again - inflation is getting worse!
    3
  218. rates closed at %6.28 today - highest in 14 years - the bubble is popping
    3
  219. They really don’t need to move so they will stay until some sucker comes along. There is really no solution to this mess. Be very careful who you vote for !! Printing money is not the solution to every problem
    3
  220. %3.5 unemployment. Fed must raise rates another 50 bps next month. Inflation is not under control until unemployment hits at least %5.00.
    3
  221. There will not be a drop in home prices without high unemployment.
    3
  222. Fraudulent PPP loans pumped millions into real estate. Now the honest tax payer gets screwed more than ever!! Learn to game the system or be left behind to be homeless !!
    3
  223. Fed reserve manipulating stock and housing market to this magnitude is unconstitutional
    3
  224. You are correct, rents are going higher. The only way to drive down rent is to drive down home prices with higher mortgage rates. England backed off today and said their economy is cooling due to higher rates. This is the feds plan as well. They want to artificially drive up the 10 year with idle threats. They already claimed that discussion has driven rates up, without them actually having to raise fed funds rate. In order for sheltering costs to go down quickly, mortgage rates will have to exceed the CPI rate of %8.00. Hopefully selling mortgage back securities off the balance sheet will contribute to higher rates. Powell and Yellen would much rather go the stagflation route instead of inducing a recession.
    3
  225. Ten year treasury up .09 right now. Fed Gov Waller tough talk over the weekend on future rate increases. Traders have NOT fully priced in two more .50 bps increases. There are still many people out there that don’t think the Fed will go through with it!! When reality sets in, mortgage rates will go to %6.00 plus and then POP, POP, POP goes the housing bubble. Prices need to come down at least %40.00 or more.
    3
  226. Bank of America downgraded home builders today just as they released a statement yesterday from the head of the MBS research that home prices would increase 10-15% by year end!! WTF
    3
  227. Mortgage rates now up to %5.75 - Dow down 600 pts - Here we go!!
    3
  228. Great video!! If and when the 10 year treasury crosses %3.00 it’s game over for the housing market and tech stocks. All prices need to retrace pre pandemic February 2020
    3
  229. We could be in the middle of another housing crash bigger than 2008 and Zillow will still be saying the same thing otherwise they will have no business!!
    3
  230. Agree and no one wants to pay on a depreciating asset.
    3
  231. Bloomberg - Housing defies feds campaign to control inflation. Home prices and RENTS are still going up. Mortgage rates must exceed CPI at %8.3 to stop shelter inflation or people will be living on the street !! Buckle up!!
    3
  232. Nick-cold weather states just started the shift. Homes are now sitting. Inventory is building. Just left a open house today. No showings, no offers. Rates too high. No one wants to buy a depreciating asset !!
    3
  233. There is no supply in the housing market or car market. As long as there is no supply, there will be people over paying. This will take a long time to correct.
    3
  234. Keep up the great videos Travis !! Amazing how much things have changed in the last 60 days!! Lots of price drops !!
    3
  235. Josh Brown always spot on!!
    3
  236. Great video ! Especially regarding having additional revenue stream and lower utilization on credit cards. I work in mortgage biz. Todays rates is %5.625 if you wan to make 2pts. %5.25 is par rate if you want to work for free!! No one is quoting 5.25.
    3
  237. it’s been over a decade of QE and low interest rates. 14 years to be exact. No one gets it
    3
  238. NYS property taxes are a joke, wait until buyers get reassessed. Market is now busy b/c it’s finally summer!
    3
  239. I don't see a significant drop in prices until next summer, if ever, because mortgage rates always drop when the 10 year approaches 3% yield. The Stock Market sells off at that point. Investors become afraid of recession and pour money back into treasuries sending mortgage rates back down. Mortgage rates need to be closer to 6.00% or higher to make a dent. CPI at 8% plus. Fed fund rate still at .25 bps. Real interest rates remain negative! Inflation may slow if and when Fed funds rate gets above 3%. If it ever does. I don't believe Fed will tighten that much. "For housing, a 5% mortgage is way short of the 20% pace of home price appreciation." **Barrons - Home Builders Cant Keep up. The Paradox of Soaring Home Prices and Mortgage Rates.
    3
  240. Great points! lot of risky QM loans - 3.5% down FHA 580 fico score - 56.99 DTI - NO RESERVES !!
    3
  241. Homes in Buffalo NY (much colder) still selling for 100k plus over asking in 5 days! Ridiculous.
    2
  242. sorry but same people that bought in 2006 were irresponsible and caused a systemic banking crisis and great recession which the tax payer bailed out. Same irresponsible people living beyond there means and speculating. Prices must come down. Hyperinflation in home prices caused by artificial stimulus.
    2
  243. There will always be a bail out - there will never be a crash - economy is rigged
    2
  244. The data presented is totally irrelevant. Most investors don’t want to pay a mortgage on a depreciating asset so they short sale and walk away!! Human nature doesn’t change. This will happen again very soon regardless of fico and ARMs.
    2
  245. because the fed did not raise rates and start QT as quickly as they dropped rates and started QE !! They just started tightening three months ago!!
    2
  246.  @realestatemindset  PPP used for down payment or home renovation is illegal!! PPP can only be used for payroll, utilities and rent/mortgage payment for an existing business. This is BS!!
    2
  247. “Best and Final”offer is responsible for all this mess. Use an escalation clause !!
    2
  248. Andrew Sorkin is a flaming liberal with no stake in the game. Let’s listen to the Billionaire (Ackman) that actually knows something about finance and economics.
    2
  249. Josh is always spot on, but this isn’t the time to get bullish. Inflation will be here to stay for a long time. Terminal rate will be well above %5.00
    2
  250. REITs are being shorted and selling off now - real estate is about to crash very hard. Real estate investors are waking away from investment properties. This will get worse
    2
  251. Rates should have been raised to 10% initially to squash this thing - Fed reserve is corrupted and should be shut down, no we have stagflation!
    2
  252. There has been a safety net aka Fed put since financial crisis of 2008. The markets are rigged.
    2
  253. Increasing mortgage rates will not raise inventory or lower home prices in decent neighborhoods. There is no supply.
    2
  254. You’re not listening - Fed put is gone - Mother of all crashes is on its way and no way to bail it out !!
    2
  255. Homes will not get cheaper in the years to come - there is no inventory and there will be no recession.
    2
  256. so is there inventory in San Jose or not ? Lot of credible news sources claim massive price drops!! Is this in undesirable neighborhoods !?
    2
  257. yep - lot of this was PPP and EDIL money invested the housing market !!
    2
  258. Recession coming right after the election. Regardless of who wins, the money printer is going back on ! Fed reserve is rigged.
    2
  259. No one can afford to buy a home - not just young people…add a 50k home buyer tax credit
    2
  260. Deluge !! Nice choice of verbiage for the flood of homes coming on the market!!
    2
  261. Raise the Dam rates and get it over with!!
    2
  262. new president will not limit corporate home buying - this is the problem
    2
  263. wonder how he really feels that Harris and his party are pro Palestinian?
    2
  264. as Warren Buffet always said, “When the tide goes out you get to see who is swimming naked.” 2023 will be a tough year. more layoffs coming.
    2
  265. Housing market is about to dump - inflation is going higher along with interest rates !
    2
  266. yes - it is - realtors are criminals - they manipulate fomo every chance they get.
    2
  267. Well said - Fed will have to reverse course again. Rate drop is premature.
    2
  268. either you gamble today and spend like a drunken sailor or you get left out !!
    2
  269. Phoenix will be one of the very first markets with numerous short sales. That’s their game in the south west.
    2
  270. They realize they are holding a depreciating asset and now want out just like many other REITs and PE firms. This will flood the market and lead to the mother of all crashes !!
    2
  271. It’s still going to be very difficult to qualify even with the current drop in rates Lower CPI also gives the Fed a green light to get more aggressive with bond sales CPI not dropping back to 2% with home prices where they are
    2
  272. James keeps defecting the tampons in the boys bathrooms - no one disagrees with tampons in the girls bathroom
    2
  273. Respectfully disagree, fed will bring rates to 5% and leave them there. There will be no pivot. 7-8 mortgage rate is new norm. Long term housing trend is down for few more years.
    2
  274. markets are rigged - crash is coming and rates back to %0..00 - it’s a never ending cycle
    2
  275. This economy is such a joke since the pandemic. Buy a house in Florida for 200k and sell it for 900k. No school, no hard work, just ride the gravy train. if you are a hard working Tax payer vote for Trump and turn off the printing press!!
    2
  276. not everyone is entitled to own a home. Save your 200k down payment and finance your 5k/month mortgage payment or rent. Covid stim permanently destroyed the housing market.
    2
  277. Please take care of your own people FIRST!
    2
  278. Rates are actually in low 6s. Key piece is quantitative tightening (QT). Fed never followed through. Mortgage rates need to be at 8-10%.
    2
  279. Prof Siegel - the game is up. Asset bubble is now popping. No way to spin it any longer. 14 years of QE created this mess.
    2
  280. It refreshing to see a reminder to the national audience of love, respect and unity vs rap, sexuality and material possessions.
    2
  281.  @JeffBrody-w5j Jeff, obviously you are a flaming liberal. Russians own lot of property in Florida as well as the Chinese. NYC as well. This drives up demand and prices. Make sense ?
    2
  282. Mortgage rates have more than doubled in the last six months all it takes is one person on your street to sell for $100,000 less and poof you just lost $100,000
    2
  283. Higher prices are now entrenched in the economy. Make more money or starve.
    2
  284. Really need a strong leader right now
    2
  285. Great points, but you have to remember all the dopes that bought before the pandemic that are now sitting on 2-300,000 in equity. They sell and put that down on a new house. There is no reward for studying hard in school. You just needed to time the real estate market and have a GED !!
    2
  286. CPI dropped because oil dropped. Core inflation went up. 2.25 Fed funds rate is a joke. Raise the rate and start QT immediately !!
    2
  287. That makes two of us!! You need to max out every last penny to even buy a sh!t hole!!
    2
  288. LOL
    2
  289. QT ramping up in September. This is just the beginning. Buyer Beware.
    2
  290. she is irresponsible
    2
  291. ⁠ @MH-fe9hr not following - Trump wasn’t employed in the US govt the last 4 years?!
    2
  292. Mortgage rates and actual sale of MBS create depreciation. Corporations are already dumping their portfolios. Fed needs to follow through and corporations will create a glut of new homes!!
    2
  293. Ten year treasury up .09 right now. Fed Gov Waller tough talk over the weekend on future rate increases. Traders have NOT fully priced in two more .50 bps increases. There are still many people out there that don’t think the Fed will go through with it!! When reality sets in, mortgage rates will go to %6.00 plus and then POP, POP, POP goes the housing bubble. Home prices need to come down at least %40.00 or more in order to rebalance. There is no way out of this for the Fed. Buckle up !!
    2
  294. Schiff was right again !!
    2
  295. you should be able to get out of the contract and get your money back if your rate goes up or you get a denial letter from the bank!!
    2
  296. no idea how people are still qualifying with a 6.7 rate at these prices. Fed will keep raising rates until something breaks.
    2
  297. Prof Siegel is upset because he’s been is wrong. He’s been looking for Fed to pivot based on money supply. Fed means business. No more punch bowl!!
    2
  298. mortgage rates now at %5.99 for “A” paper borrower and QT hasn’t even ramped up. Don’t fight the Fed!!
    2
  299. REITs are being shorted by Wall St. Real estate investors are walking away from properties as we speak. No positive cash flow. Real estate market is crashing hard!!
    2
  300. Home prices will never come down to where they are affordable in many parts of the country. Higher interest rates aren’t doing anything !! This is permanent. There are too many corporations and investors involved now.
    2
  301. People who are upside down on their mortgage usually walk away from their house. There are now thousands of borrowers that are upside down. I’m not paying for their stupidity!!
    2
  302. Sales of previously owned homes in April fell to the lowest pace since the Covid pandemic started, according to the National Association of Realtors. "We are moving back to pre-pandemic sales activity, but I expect further declines," said Lawrence Yun, chief economist for the group. Tight supply kept home prices higher, despite rising interest rates. The median price of an existing home sold in April was $391,200, the highest on record and an increase of 14.8% from a year ago.
    2
  303. Inflation is increasing. Rates are going higher until something breaks !!
    2
  304. “Trump called some friends in congress and stopped the bill?!” This is comical. Take responsibility for what you did, word salad.
    2
  305. you are correct but that will lead to a crash of epic proportions!! Fed is behind bank of canada and Bank of England
    2
  306. Great video - gentlemen please be aware that there are very few price drops in the northeast which has part of CPI.
    2
  307. what is being done to trump right before an election can’t be legal — it’s unprecedented
    2
  308. so let me get this straight, Wall St and foreign investors bought up all the homes in the country so now everyone has to rent ??
    2
  309. Buffalo NY. Prices start at 500k for an ordinary colonial. 15k/yr in NYS property tax !! monthly payment exploded
    2
  310. depends on the region
    2
  311.  @AnonYmous-vm5ls  If there is a recession - mortgage rates are coming back down
    2
  312. Rates still need to go to 6.00 or higher
    2
  313. Doubtful
    2
  314. look where - LA ? for 150k house - must not be in a good neighborhood
    2
  315. RFK not progressive. Need a conservative democrat to run that understands finance. Trump is still more qualified.
    2
  316. When you receive $500,000, cash, in PPP - EIDL covid stimulus payments, you can easily afford todays home prices!! No recourse !!😂
    2
  317. Rate cut was political. J Powell will need to raise rates again in January 2025.
    2
  318. Speculative buying is at record highs. Investors don’t want to sit on negative equity. If you overbid for a house in the last two years then you will have negative equity as mortgage rates move higher!! It takes 3 years to wipe credit clean of a foreclosure. Smart investors hand keys back to bank FAST and get the clock ticking. They reload in 36 months at lower prices. Sad but true. I know a lot of people who did this in 2008 and they have a lot more money than I do today. It’s a Ponzi scheme.
    2
  319. what will the catalyst be? In 2008 it was synthetic CDOs. People will need to start walking away from their homes because they are $200,000 underwater. Not seeing this right now, especially in the Northeast!!
    2
  320. Great video!! Global central banks race to the top or their currencies become devalued against the dollar. Look at the pound sterling. US Interest rates have to go higher to sustain competitive advantage.
    2
  321. If the greedy regional banks actually paid a fair interest rate on savings accounts then no one would look to withdraw their money to put into T bills.
    2
  322. don’t forget about QT!! Last crash took 4 years to bottom. It’s a process
    2
  323. Great points. However interest rate hikes will eventually hurt AMZN and AAPL. They are not insulated. We are still very early in this process. Fed needs to discuss QT!!
    2
  324. Great video!! Great content backed up by facts!! Oil prices will derail the entire economy in the coming months.
    2
  325. $1 Trillion in PPP EDL loans FORGIVEN. That’s why we are in this mess. If you didn’t get a forgivable PPP loan then you are losing double the money with inflation!!
    2
  326. Homes selling in Upstate NY like hotcakes - record prices with rates > %6.00 - and %3.00/year in property taxes. It’s ridiculous!!
    2
  327. Mike - surprised you’re not discussing how our adversaries were just banned from buying real estate in Miami!! Next episode?
    2
  328. Cost of oil and materials need to come down for new construction home prices to come down
    2
  329. Dems have rigged the housing market and the stock market for the top 1% - there is no free market
    2
  330. Travis, you have a great attitude. Thank you !!
    2
  331. lot of this is psychology - not rate driven - rumors fly and next thing you know, people stop buying
    2
  332. Is that home for 999k and 1.35mill on an inlet ? Either way those prices are ridiculous!! Those streets look like they need a good cleaning.
    2
  333. It’s about time someone speaks out about PPP fraud and money laundering!! Blame the federal government !!
    2
  334. Trump 2024 🇺🇸
    2
  335. Spot on!! Great interview!! Great channel!!
    2
  336. Electric vehicles are not a novelty we did not have them for the last 100 years because they are not economical to build or maintain.
    2
  337. Home prices still going up year over year after a 40% gain!? Shelter inflation will not come down unless Fed raises mortgage rates to the double digits, which will never happen!!
    2
  338. reality - if you live in sunbelt you’ll probably catch a deal - if you live in cold weather states, you are screwed!!
    2
  339. Fed rate drop was a political move. J Powell and Yellen are corrupt Democrats. Drain the swamp! Vote Trump/ Vance 2024 🇺🇸
    2
  340. I believe we are finally seeing a shift to a buyers market. Remove investors and FTHB and there will be a lot of inventory on market. Housing market will be in a downward spiral by mid July.
    2
  341. Lot of cities, especially in NE and Rust belt didn’t build any new homes so inventory is still low.
    2
  342. Great video! At some point rising interest rates and gas prices will decrease rental demand. The only thing that can drop rent and home prices are excess supply caused by much higher interest rates and over building. In my opinion, mortgage rates need to exceed CPI which is at %8.00. At that point prices will come down. Current mortgage rates are not scaring anyone, yet !!
    2
  343. Supposed to be $100 billion of QT in September. not nearly enough or not nearly fast enough to make a real difference in the $9 trillion balance sheet
    2
  344. $2 bill for a stadium with no dome. Your DEI tax dollars at work. Dome stadium should have been built close to downtown to host a super bowl!
    2
  345. The fed is going to do exactly as they say they are going to do. Raise rates to 5.1 and then leave rates “higher for longer.” Just listen to their press conferences. 5.1 isn’t terribly restrictive.
    2
  346. Great video!! Agreed!! Recession trade off. Good news is bad news. %68 chance of .75 bps hike @ next meeting. IMO rates going back to %6.00 which is the tipping point!! Realtors are starting to wake up!! How will FOMO buyers react when they realize they are upside down ?? Will they walk away like they did in 2008??!! I believe they will!!
    2
  347. can never count Tom Lee out. He’s usually right. Dept of treasury figuring out right now how to buy bonds again. If they succeed, market shoots right back up.
    2
  348. Buffalo will win it all this year!! Get excited!!
    2
  349.  @13abelmendoza because they are our ally - Duh!
    2
  350. There will be no recession or price reduction. Either you make 69% more income or go live under a bridge !
    2
  351. There will be rebound inflation. Fed should not be lowering interest rates.
    2
  352. rates dropped back in 4s - 12% gain is now very conservative forecast
    2
  353. This Fed team is not qualified to do anything else but create asset bubbles. They are not sophisticated like the old guard. Volker and Greenspan. They are politically driven.
    2
  354. that is why there is a Market. they will be forced to liquidate and they will lose a lot of money in the process !!
    2
  355. Great video Travis!! Redfin CEO always appears like someone is twisting his arm to speak the truth. He has a fiduciary responsibility to speak the truth and not manipulate the stock. Greater public is slowly discovering that real estate market isn’t a gambling parlor and are backing off regardless of rate.
    2
  356. Mortgage rates just crossed 7% - that’s when home sales come to a screeching halt!
    2
  357. In that case, you should donate all of your savings, if you have any, to the Ukrainian people or stop talking.
    2
  358. The fed will keep tightening until something breaks!! October sell off/crash right around corner!!
    2
  359. She went to Boston U. She has never been broke. She can’t relate to the real struggles of the ghetto. She’s entitled.
    2
  360. The economic data released is politically driven to force interest rates and mortgage rates down. Inflation is still high.
    2
  361. Great content and facts. Is there really going to be a housing correction if everyone is sitting on the sidelines foaming at the mouth to buy??
    2
  362. QT is the tricky part. Yellen tried to sell MBS in 2013 and backed off! Market didn’t tolerate it well. Fed must be pressed to unwind the balance sheet and not chicken out again. Fed funds rate isn’t going to drive up mortgage rates to where they need to be, but QT will!! Sheltering costs must come down immediately. This is irresponsible. Powell is not qualified. %2.25 fed funds rate is NOT a neutral rate when CPI is at %9.1!!
    2
  363. Buffalo NY is dropping like a rock - price drops everywhere and list prices are much lower. Everyone fleeing NYS and CA!!
    2
  364. Great video!! Fed controls our destiny. Home prices won’t go down Nationally with rates in the 5s. Fed need to sell more MBS aka QT immediately to get rate back over %7.00.
    2
  365. REITs are being shorted. Investors are walking away. many flippers under water now. Buffalo NY is still up 40% this year and we just had a massive blizzard. The realtors are strong arming families in to buying 100k plus over asking. The market manipulation here is absurd!! Where is NYS when you need them?!!
    2
  366. Fed reserve needs to dump their portfolio ASAP!! Raising fed funds rates isn’t doing anything!!
    2
  367. Sheltering costs will never drop if bond yields go lower. Housing inflation will remain persistent. Its not necessary to allow foreign nationals to buy property in the US.
    2
  368. People walk away from their homes because the homes are depreciating in value, not because of ARMs adjusting. Big REITS selling block of homes now at a discount!!
    2
  369. Home prices and rents are absurd in this country ! Keep rates high and reward savers !
    2
  370. historical playbook for inflation is that Fed Funds rate must exceed CPI in order to contain inflation. PPI even higher. Agreed regarding supply chain however that doesn’t change risk of runaway inflation. This is unprecedented. once prices and wages go up they generally don’t come back down.
    2
  371. another real estate agent trying to prop up the housing market - demand is in the sh-tter / no one can afford any of these homes!
    2
  372. home prices aren’t coming down with mortgage rates at %5.5 - still historically low - prices are not dropping in most places - people still have jobs and money to spend - if rates go higher then maybe, but I think rates already peaked
    2
  373. price won’t fall in Miami or NYC until US gov limits foreign investment - which will never happen !! Pandemic prices screwed the hard working American.
    2
  374. Trump is presidential.
    2
  375.  @HappyPenguin75034  Hey Brian try to settle yourself down - we’re talking about two different things. i’m making a point that in 2008 several people walked away from their homes simply because they were underwater even though they could pay the mortgage. This isn’t new information. History may very well repeat itself to some degree. What does the number of homes that I own have anything to do with this conversation? You sound like you are worried about your investments.
    2
  376.  @jessn5677  Hey Jess - It’s just my opinion. I’m sure that people that bought a long time ago are going to be fine. However if you bought in the last two years and you start to see that your house is underwater there are people that will most certainly walk away. Some people are now 50-100k under water in some places and it’s going to “probably” get worse.
    2
  377.  @HappyPenguin75034  understood, however this isn’t a guess. Foreclosures and short sales are already increasing. There is a housing recession. People will walk away. It’s a fact. Read the news. Barron’s article today - Home sales at 2 year low. What do you think is going to happen when the Fed ramps up QT next month on top of another 50 bps rate hike. The fed is intentionally destroying demand to reduce sheltering costs. That is the goal. This comes with a price.
    2
  378.  @simpleman5541  I agree, but prices went up at least %42 because of artificial covid money so where do they land. %6.00 rates can do a lot of price damage !!
    2
  379. NYS property taxes are absurd! Market in upstate NY is seasonal - 8 Months of winter - 4 months to buy a home and move. It will correct like the rest of the country.
    2
  380. Mortgage rates ticked up to %5.84 today for a premium borrower. The longer you wait to buy, the more money you will save !!
    2
  381. Obamas flew in on a private jet (pollution) from Nantucket! That’s an oxymoron!
    2
  382. realtors are 50% responsible for over inflating the market. Fed reserve other 50%
    2
  383. its a good time to be a tradesman/plumber
    2
  384. only way to reduce home prices is to raise mortgage rates again above 7%
    2
  385. She is yet another DEI disaster hire and a big reason for the red wave. Time to retire.
    2
  386. So glad we don’t have to read his mean tweets anymore !! soooo offensive !!
    2
  387. The job of the federal reserve is to control prices (inflation) and create full employment, nothing more. It has never been the responsibility of the federal reserve to create wealth for stock market and real estate investors. Since prices are high for sheltering costs and we are at full employment the Feds job is to destroy demand and possibly induce a recession by raising interest rates. They will not stop until CPI is back to %2.00. This is US government policy. The housing correction is underway.
    2
  388. Great video Travis!! The prices by you are not even close to many other markets that are similar in size. I believe many markets are lagging a bit up north because of the pent up demand from last winter.
    2
  389.  @realestatemindset  Agreed, but just saying the price gains should be retraced to pre pandemic levels because %42 price gains were artificial. There were unprecedented gains so there must be an unprecedented rebalance in price !!
    2
  390. Wait until the private equity and hedge funds start dumping their portfolios.
    2
  391. ✊🏻✊🏻✊🏻🇺🇸
    2
  392. inflation isn’t going down - fed is raising more - refi later ? in 10 years ? How DUMB!! Limit foreign investment
    2
  393. Fraudulent PPP loans and fraudulent forgiveness will keep this economy humming for a really long time. Everyone I know has $500,000 PPP CASH just sitting in the bank!! Hence, inflation!!
    2
  394. $95 Bill/month in QT is a drop in the bucket on $9 trillion!! It will take approximately 13 years to unwind at this pace. Fed will slow down tightening or even stop as they did in the 2013 taper tantrum. Buy the market long term.
    2
  395. Mortgage rates are now back in the 4s - FYI - There will not be a major price correction with rates in the 4s.
    2
  396. rates are now in the 5s - there will be no major price drops - maybe 10% from peak. Fed goal was to stop prices from going up any further.
    2
  397. Even if you make 400k/year - making a $5000/month payment is absurd. The numbers don’t add up! We are now Canada.
    2
  398. I see it as well. Big loan amounts in NYC are significantly effected by higher rates.
    2
  399. great video - no idea what is keeping housing afloat - rates need to go to %10.00 pronto
    2
  400. inflation can not be tamed - not wishing for a crash but surprised there is still over bidding
    2
  401. we need to pay higher taxes to house the illegal immigrants !!
    2
  402. Fed reserve created a huge mess and there is no easy fix!!
    2
  403. 2008 or 2022 - there is still massive investment speculation + occupancy fraud - DTIs to 56.99 - IF rates keep moving up then something will break - IMO, rates are still not high enough to pop the bubble, rates must move higher than CPI at %8.00 - still too much pent up demand, especially in regions with cold weather - must buy during summer and fall before homes get pulled off market during winter - not a year round buying season like the sun belt
    2
  404. Dems will just print more money and make your car payment for you !
    2
  405. Crypto/Bitcoin is a fictitious currency. Investing in it should not be allowed. It’s driving up inflation.
    2
  406. Home prices aren’t going down - they are just not going up as quickly. Now single digit gains vs double digits. Fed gov is basically telling you to GFY!!
    2
  407. you need a strong, vibrant person to protect the US. Kamala Harris is not strong enough for the job!
    2
  408. Phoenix has always been a hot mess. it will be the first to crash…
    2
  409. 10 Sabres players on the Florida Panthers - nice work - and you gave up Eichel!
    2
  410. Buffalo/Amherst NY new construction starts at $750k for 1800 sq ft plus 3% annual property tax !
    2
  411. Great ideas but not realistic. CPI too high and going higher. Sheltering cost causing homelessness. Unfortunately, rates have to go up immediately. Fed was too late to the game!!
    2
  412. um, are there really jewish Democrats that would vote to keep giving money to Iran ? Sort of an oxymoron
    2
  413. Most of those overpriced homes are owned by our adversaries ! Ban foreign investment !
    2
  414. Fed can’t raise rates on $37 Trillion in debt. The US will default. Devalue currency and monetize the debt !
    2
  415. as soon as unemployment ticks up - game over
    2
  416. Florida is an anomaly - the whole country is moving there because it’s a free state
    2
  417.  @danwohlslagel1277  yep !! Phoenix is notorious for this. Transplants from so cal know the real estate game all too well!!
    2
  418. Trump derangement syndrome!
    2
  419. Sunbelt markets are correcting. Rust belt markets are still going higher!! If you didn’t get PPP then move to a trailer park!! %5.5 mortgage isn’t scaring anyone!!
    2
  420. Buffalo, NY and surrounding area prices keep going higher and it’s a frozen tundra !! No inventory and RE market is manipulated by weather. Moving to North Carolina !
    2
  421. 13 mill migrants are undercutting wages and working for peanuts. There is no job loss. Fed gov isn’t equipped to track these numbers. Inflation will persist.
    2
  422. Doubtful - too much money printed during the pandemic. Rates are one factor. Need to reduce money supply.
    2
  423. fraudulent PPP money laundered in tech stocks, crypto and real estate is now being sucked out of the economy with higher interest rates. Bubble is bursting.
    2
  424. I don’t think much of the Northeast will be effected simply because there is a 6 month window to buy. Realtors have manipulated the market to their advantage. If any industry restricted buying for half the year the prices would shoot up the other half of the year!!
    2
  425. Recession and QT should hopefully correct prices. we are still very early in the process
    2
  426. Another great video !! Mortgage rates must get to at least %6.00 before we see a meaningful slow down. I believe this will happen by year end. All markets are retracing gains to before the pandemic.
    2
  427. debate flop underscores the corruption and manipulation of the democratic party 😮
    2
  428. BTW - Buffalo (Amherst) NY is, bar none, the most over inflated real estate market in the entire country when you factor in NYS property taxes, climate and the local economy. Homes have quadrupled in value the last 10 years. Take a look see !!
    2
  429. When is CNBC going to interview an unbiased stock/bond trader? This interview is a waste of time.
    2
  430. Many who bought in last 18 months and lose substantial equity from upcoming correction will negotiate a short sale. This creates a domino effect.
    2
  431. Janet Yellen and Jerome Powell are responsible for inflation. They deliberately chose to ignore it. Powell is now dropping rates too soon. There will be a second wave of inflation. Prices are too high.
    2
  432. How are black women still a minority? Kelly Robinson is a very articulate, educated black woman and has made valid points. She has taken center stage in a debate with a US senator. It’s time to reevaluate who is a minority and who is not.
    2
  433. I make 250k plus living in Buffalo, NY, barely getting by. Starter home is 500k plus.
    2
  434. I own good investment property and good locations it’s not that simple to rent it out furthermore you could get a squatter very easily
    2
  435. nice video - must be nice to live in the sun belt !! Snow belt still has NO inventory and NO building !! Everything still overpriced by $200,000 plus !!
    2
  436. Finally someone that tells it like it is !! Nice to see !!
    2
  437. Fraudulent PPP and EIDL money being laundered in real estate and the taxpayer is flipping the bill!!
    2
  438. Where is the QT? Is the tax payer expected to finance $9 Trillion in MBS so a bunch of morons could get sucked in by FOMO? Then we are supposed to finance the bail outs when they walk away? Is this a joke !!!????
    2
  439. Cramer is politically motivated and has this all wrong !! Inflation result of political influence !!
    2
  440. doing some live interviews and answering tough questions should be mandatory for any candidate.
    1
  441. This is why mortgage rates are spiking right now!! If the fed doesn’t control sheltering costs they lose their jobs. Dems will get voted out of office in Nov.
    1
  442. Fed is not following through with QT. Home prices will not go down nationally.
    1
  443. The news is out and the buyers are educating themselves. The transition is underway
    1
  444. Apple, Microsoft, Facebook, Google all making money. There is no recession.
    1
  445. Sounds like every other whiny billionaire that’s losing money. It’s time to go back to free market economics. No more free rides on tax payer money.
    1
  446. Best and final offer should be illegal! Use escalation clause!
    1
  447. Send me my tax credit!
    1
  448. Rate drop was political. Inflation is sticky.
    1
  449. There will be no housing correction until there is high unemployment, which isn’t happening. Tons of jobs openings and wages are going up.
    1
  450. Home prices are not going down in majority of country. Oil is still at $80/barrel. Economic policies will keep inflation sticky. Be prepared for higher rates.
    1
  451. first two quarters of 2023 are going to be very tough - recession - wait
    1
  452. Kellyann is an expert. Put her in charge of the campaign immediately.
    1
  453. We have no price drops or foreclosures in the Northeast. Prices are still rising. Rates still need to go higher to see any meaningful correction. Our taxes are much higher. There needs to be more regulation in our housing market. Home prices shouldn’t spike or crash like the stock market.
    1
  454. J Powell has ben making the wrong decisions since 2018. Time for a change.
    1
  455. you either received PPP money and laundered it in real estate and crypto currency or you are a broke, working, stiff!!
    1
  456. vote republican to stop money printing
    1
  457. Millennials are responsibility for wreckless over bidding and inspection/appraisal waiver. you guys are the exception to the norm. Sit back while all your friends lose their equity and choose foreclosure.
    1
  458. Newt always has the right buzz words!!
    1
  459. Billions in federal tax credits exist for electric cars - no subsidies for building an affordable house !
    1
  460. Agreed, but not so far and mortgage rates are coming down!!
    1
  461. Travis - look at zip code 14222 - nothing but 400% plus returns!! with one of the highest crime rates in the country !!
    1
  462.  @ZeusBullyMax  2.25 in less than 3 months is rapid with another 50 on the way
    1
  463. typical Realtor, let’s not forget about the spike and home insurance and fire insurance cost, and the people that just decide to move out of the state of California because of the political incompetency
    1
  464. Give the developers a tax credit if they drop their price. Shelter cost must be #1 priority.
    1
  465. Dems are grasping at straws - give up already - all your policies have failed miserably - it’s a fact !
    1
  466. Rental home is probably owned by open door. Look back one year from now and see that it short sold for half price. It’s all a waiting game at this point. 😊😮😊
    1
  467. Liberal Democrats = No common sense
    1
  468. Dems love the everything asset bubble - the haves and have nots!
    1
  469. boycott air bnb and free up the housing market !
    1
  470. Home prices are generally trending down and it will continue. The market is shifting. All it takes is one price cut on your street for 50-100k and POOF - there goes your equity!! It’s coming - everything is rebalancing now!!
    1
  471. Fed reserve will never tame inflation. We are stuck with higher prices. %4.00 inflation best case scenario. You either stole PPP money or you got left out in the cold!! Biggest heist in history.
    1
  472. Homes sell in Buffalo NY for 800k plus in 5 days with multiple bids and the city is freezing cold with really big women!
    1
  473. Rates will need to go to %6.00 before we see any significant slow down and any significant drop in housing prices. This will happen by year end.
    1
  474. fraudulent PPP money was laundered in Tesla and others, crypto and real estate. High interest rates/QT are sucking that money out of the system. Tesla is going lower.
    1
  475. I guess Dems want to self destruct in November. Great election strategy!!
    1
  476.  @ReventureConsulting  I saw the video. Great content. As you stated in the video, the prices are not dropping in the NE!!
    1
  477.  @leedanielson7452  The general consensus is %6.00 rate by year end. I don’t think rates will go much higher than that. 6.00 is when you will start seeing prices rebalance to pre pandemic prices
    1
  478. He speaks facts, not his fault dems had 5 rounds of QE. Money press has closed.
    1
  479. yeah I bond is great but that’s only 9.62% on 10,000 for 12 months right? $960 gain ? I’m confused how that really helps anyone that much? unless I have it wrong
    1
  480. “inflation is transitory”
    1
  481. Buffalo, NY - %3 annual property tax - worst value in country
    1
  482. Beautiful car, but the resale and residual value is dog sh!t and currently Audi is grossly overpriced because of their inability to negotiate a tariff deal. They are losing market share.
    1
  483. That’s because it’s summer!! But it will slow in mid July
    1
  484. Buffalo has one of the highest crime rates in the entire nation - with all the taxes we pay why should anyone have to volunteer to help fight crime?
    1
  485. everyone in this country now has this idea that the stock market just goes up every year. during past recessions it took years for the stock market to get back to where it was. The Fed didn’t just raise rates and the market popped; that’s not the way it works!!
    1
  486. no one sees a get rich quick scheme in real estate anymore
    1
  487. Jeep is over priced! Stellantis going BK. Price gouging.
    1
  488. Hey Fox News interviewing a high-end realtor in New York City does not give a good snapshot of reality. let’s pay closer attention to what Jamie Dimon says. He’s the one lending the money. A hurricane is coming. Fed to increase rates to 3-3.5 by year end !!
    1
  489. 10 yr needs to exceed %3.00 yield for a meaningful slow down to happen. Many cities have not slowed. Northeast states have a long winter with pent up demand. Buyers only have 6 months to purchase and move while the weather is warm!!
    1
  490. I love Dr Doom, but I don’t think J Powell has the sack to follow through.
    1
  491. Everyone needs to get away from the word CRASH. If a home is overpriced by 100% and drops 50% that is not a crash. It’s nothing. IMO many listings will have to correct by 100% or more !!
    1
  492. CNN is the Fox News of the liberals. MSNBC are the radical liberal extremists.
    1
  493. not to worry, Blackrock will scoop up all the homes at a discount and grow their monopoly while the working man suffers!
    1
  494. Fl prices will never drop because NY taxes suck so bad - too many people are leaving NY for Fl
    1
  495. Market won’t crash because it is RIGGED!!!
    1
  496. Redfin and Zillow are hardly reliable - both criminal ponzi schemes
    1
  497. It is a myth to buy a home and refi into a lower interest rate. If you buy at the peak then you may never have the equity to refi.
    1
  498. No one talks about QT!! What’s going to happen with the Fed starts selling $100 Bill/month of MBS?!
    1
  499. All of these people will be in short sale soon. If you over paid for a house you aren’t getting that money back any time soon, if ever !!
    1
  500. Anyone know when housing is going to roll over !? Is that the last shoe to drop !?
    1
  501. Car doesn’t move with 4 cylinder and noisey - stupid move
    1
  502. High rates are not bad news. The housing market is already crumbling in several states and will eventually spread. Prices will regrade to pre pandemic levels.
    1
  503. The american dream is a thing of the past. We are now Canada…
    1
  504. Gen Z finally smartened up after they started working and paying into the system !
    1
  505. This can happen at any ambulatory center. All surgeries should be done in hospitals!!
    1
  506. one of these big REITs will go BK soon
    1
  507. Buy NASDAQ and earn 3% every day. No antitrust lawsuits forever! It’s all rigged
    1
  508. wages keeping up with inflation - that’s a good one ! I give 43% of my income to taxes on top of it ! not much left over for food and shelter
    1
  509. Everything that Peter says is accurate and factual however the federal reserve will never follow through with such a plan!! Fed will reverse course soon
    1
  510. Hotels are cheaper now and are much more fun when going on vacation!!
    1
  511. I like this guy. He tells it like it is vs. being that scummy realtor that lies to your face. He is trying to adjust.
    1
  512. go after the liberal colleges that push the left agenda, not the tax payer
    1
  513. Agreed!! However this time around lending has been tight. Realtors: “Your bids are due by such and such day” Get out of here !!
    1
  514. Higher mortgage rates are not enough to produce more inventory. Fed has to start selling MBS, but I don’t think they will !!
    1
  515. you must live in/near Buffalo like me. I had 4 frozen pipes that burst. I love Buffalo NY, but is the most over priced real estate market in the entirety country especially when you factor in NYS property tax!!
    1
  516. Nice video !! Lot of fraudulent PPP money still being laundered in real estate.
    1
  517. Zillow is borderline criminal. Their agenda is only to manipulate housing data and pump up home values, nothing more.
    1
  518. amazing video - housing crash is regionalized for now to overbuilding. Nothing like this is happening in the NE or rust belt. Factor in our property taxes and you are screeeeewed !!
    1
  519. When you give away $1 Trillion in unaccounted pandemic stimulus it’s very hard to claw back. Inflation isn’t going anywhere. People are still buying homes in cash and are flushed with equity in their current homes. It will not be until the home equity evaporates that you will get any kind of meaning reduction in inflation. We are heading for recession.
    1
  520. He is usually right. As soon as we get some good news on inflation it’s off to the races.
    1
  521. The whole country wasn’t to move to Florida because of the politics and the weather !!
    1
  522. The probability of .75 bps rate hike went up today from 25% to 68%. Three consecutive .75 bps rate hikes is pretty aggressive. Money coming back out of bonds. Recession trade is off. 10 yr yield will move higher. Mortgage rates should go up from here !! Prices in my area are finally dropping!!
    1
  523. Don’t forget about NYS property taxes so you’re actually paying 3x more than every where else. It’s a bad deal!!
    1
  524. That patio home would cost 750k plus in Buffalo NY with 15k/year in property taxes
    1
  525. If home prices increased at the same rate as inflation since 1963, the median price of a typical house in the U.S. would be $177,511. In reality, the cost of a typical house in the U.S. is nearly half a million dollars.
    1
  526. he’s been wrong because the Fed keeps printing money and bailing everyone out, which they don’t normally do !!
    1
  527. Trump campaign better learn how to ballot harvest and quick !
    1
  528. mortgage rates are at 6.4 today - they were at 3.00 this time last year. %6.4 will take a little time to work its way into the housing market. Affordability is way down. It’s simple math. Prices must correct by at least 20% or more!!
    1
  529. This lady is a radical liberal extremist.
    1
  530. Northern states are not seeing much of a piece correction.
    1
  531. more discrimination against Italian Americans - no hand outs, just abuse.
    1
  532. I live 5 miles north of Buffalo, NY and it’s sunny with no snow. More fake news from the national media. Southern tier gets all the snow on the shores of Lake Erie. Educate yourselves.
    1
  533. Fed will raise rates until fed funds rate exceeds core inflation rate. Terminal rate will probably be around %5.00. Fed may need do QE simultaneously on long bond like UK so bind market doesn’t freeze up.
    1
  534. New construction home prices must come down, which means price of oil and materials must come down first. Vote Trump or get used to renting.
    1
  535. PPP ripped the government and taxpayer off. Most PPP money was misappropriated and spent on lavish homes and expensive cars. Now the tax payer has to suffer!!
    1
  536. you mean RNs don’t deserve 200k/year !?
    1
  537. Reality check - Fed isn’t going past %2.5 on fed funds rate and will do limited QT. They can talk all they want but the current admin just isn’t wired to cause any damage
    1
  538. After 9/11 and recession I defaulted on my student loan debt (sallie mae). I couldn’t afford my rent. It took me 15 years to fix my credit and pay off my student loan. No free bees for this patriot!
    1
  539. doesn’t discuss investment rates at %8.00 plus. Inv prices dropping fast. This effects overall market. Buy now and be upside down $100,000k plus on avg and be stuck. Short sales are coming.
    1
  540. Home prices and mortgage rates at record high rates - totally unaffordable - Thank you to the Fed gov and the Fed reserve for creating this debacle with our tax payer money. This is criminal.
    1
  541. home prices still at record highs - cutting rates is a big mistake
    1
  542. Exactly - no reason to celebrate that inflation is increasing at 3% year over year.
    1
  543. well said - fed has shelter inflation wrong. Markets are rigged higher before the election
    1
  544. Kamala plan - copy Trump
    1
  545. Turn the money printer back on and lie about inflation! Great idea!
    1
  546. New construction prices need to come back down first - 750k to build an avg home is criminal.
    1
  547. mortgage rates keep dropping. It defeats the purpose if you are trying to lower sheltering costs. QT should be bumped up.
    1
  548. Seems like most of price drops are in areas with new home building - not NE where there is no land !!
    1
  549. Hyperinflation is already here - mortgage rates and car loans should be at 10% plus - reward the savers !
    1
  550. Recession - who cares? Raise the dam rates already - There are families living in their cars. PPP = biggest money grab in US history.
    1
  551. Nice video cugino !! Keep up the good work !! 🇮🇹😊🇮🇹
    1
  552. LOL - Trump not even in office last 3.5 years and still taking all the blame!
    1
  553.  @joelee3716  Biden Signed Executive Orders Reversing Trump Immigration Policies on 2/2021 - Kamala said publicly that she wouldn’t do anything different. Why ?
    1
  554. During his first day in office, Biden unveiled the U.S. Citizenship Act of 2021 and reversed many of Trump's policies on immigration, such as halting the construction of the Mexican border wall, travel ban, and signed an executive order to reaffirm protections for DACA recipients. Harris supports this.
    1
  555. all
    1
  556. No wonder so many hard-working successful law-abiding citizens are leaving New York state for Florida!! New York state has become a banana republic!!
    1
  557. I’m a Republican and not a fan of starting needless wars and spending money. Our sanctions did nothing. Find a better strategy.
    1
  558. Agreed!
    1
  559. Crash incoming
    1
  560. Well said - The fed can’t unwind anything on their balance sheet or there will be a major catastrophe
    1
  561. Schiff has always spoke of basic fundamentals for numerous years. Fed is now pigeonholed. Biden administration has to figure out how to drop price of oil immediately. It’s now a matter of national security.
    1
  562. great video Travis !! Great advice!!
    1
  563. J Powell is a democratic - he’s corrupt and so is Yellen - remove them immediately.
    1
  564. Obama exacerbated the racial divide in our country. He promoted violence! National debt doubled under Obama.
    1
  565. Fed is going to pause and leave fed funds rate around 5.1 - earnings will be cut. There will be no rally.
    1
  566. Limit foreign investment immediately!! China buying up real estate next to nuclear arsenals makes no sense !!
    1
  567. good point and that’s when things will start breaking !!
    1
  568. stock market going higher fuels inflation and gives fed green light to hike even more - not great news.
    1
  569. This man is bought and paid for. Market manipulation at its finest. Homes prices go up 40% in two years and now he claims they dropped by .5% so inflation problem is solved !!??? Is this a joke???
    1
  570. Ban foreign investment and free up 40% more inventory !!
    1
  571. upstate NY is on fire considering the climate, economy and taxes royally suck!! It’s a mystery to me!! You can live cheaper and healthier in many other cities now!!
    1
  572.  @carlitosway2487  then he should go do that with Europe and stop taking our money and weapons. Either way you should donate all of your savings to Ukraine or just stop talking. Better yet you should go there and fight.
    1
  573. I think powell is doing a fine job. He was in a bad situation with the pandemic and had no other choice than to let things run hot. He’s being tough and doing the right things now. Inflation is coming down. It will take time. Yellen has never been qualified. She is politically motivated and should be replaced.
    1
  574. reverse discrimination - affirmative action at work
    1
  575. you ever hear of P/E multiple ? TSLA is going to fall much further.
    1
  576. Millennials have never seen any kind of real correction or crash!! They are about to
    1
  577. Jeep is $700/month with $7500 down ! WTF
    1
  578. Agreed!!
    1
  579. QT is the tricky part. Yellen tried to sell MBS in 2013 and backed off! Market didn’t tolerate it well. Fed must be pressed to unwind the balance sheet and not chicken out again. Fed funds rate isn’t going to drive up mortgage rates to where they need to be, but QT will!! Sheltering costs must come down in the country immediately. This is irresponsible. Powell is not qualified. 2.25 fed funds rate is NOT neutral rate when CPI is at %9.1!!
    1
  580. Travis read article - The Fed Is About to Ramp Up Balance-Sheet Shrinkage. It May Get Dicey
    1
  581. Great community, great food, lot of fun. Buffalo is totally underrated.
    1
  582. Looks like you were right on time Nick! 1000 pt drop today
    1
  583. some realtors in some real estate markets are better at manipulating the market than others!!
    1
  584. Home prices are going higher until there is a recession or more inventory.
    1
  585.  @hotmess7846  Some people can live rent free with family. When borrowers are 100k plus upside down they will walk.
    1
  586. Fed will come out next week and forecast higher rate hikes and for a longer period of time. Market will sell off. This is the calm before the storm.
    1
  587. deposits are still safe but non-bank lenders have credit lines with depository banks
    1
  588. Don’t forget price of oil is now dropping, which will drop CPI even further. Corporations ready to buy rentals. Home prices will stay where they are and will continue to go up in regions like the NE and Great Lakes where there was no building.
    1
  589. Dems are controlled by blackstone, state street and vanguard while the middle class suffers !
    1
  590. I live in Buffalo/Amherst NY - weather getting cold and people are panicking. Price cuts everywhere!! No end in sight!! New listings still coming out high - doesn’t make sense!!
    1
  591. Market is rigged - stock market and housing market going higher until the election
    1
  592. Mortgage rates are still not high enough to cause a major correction. They need to get into the mid 6s or 7s and stay there for a while in order to destroy demand. Right now, all we have is a plateau in prices in most areas. There is still a lot of PPP money out there that was misappropriated !!
    1
  593. Nick and Mike - are best and final offers legal if realtor doesn’t explain escalation clause ?
    1
  594. How many points are you getting charged? 3 ?
    1
  595. Another DEI backfire. She needs to be charged.
    1
  596. most non-bank lenders also have a very large payroll. If mortgage volume tanks quickly they can’t pay their expenses and they go BK!! No one wants to buy them!!
    1
  597. read article - The Fed Is About to Ramp Up Balance-Sheet Shrinkage. It May Get Dicey Rates are go higher, especially after todays jobs report. Fed reserve has a lot of wiggle room now to jack up rates !!
    1
  598. wait until property values start dropping from the crime !
    1
  599. yep - have to watch fannie mae bond. If bad recession mortgage rates are coming down. This could be the plan
    1
  600. Entire Northeast still has no inventory !
    1
  601. Does anyone still see bidding wars in their area?? I’ve seen a few homes sell for 100k over asking last couple weeks. I guess some buyers don’t watch the news ??
    1
  602. You better bring in at least 500k or more If you have 2 kids and a mortgage nowadays or just go on welfare and food stamps.
    1
  603. Typical flip flopper with his own agenda. Fed funds rate is 1.5 - If US economy can’t absorb neutral fed funds rate then we have a major problem!! Sheltering costs are still astronomical and need to be brought down immediately!!
    1
  604. Fed is lying about the data. Shelter costs will not drop
    1
  605. current administration goal is to end fossil fuel. This is their #1 priority. Green energy. Be careful who you vote for next time!!
    1
  606. Home prices in the northeast are shooting up higher. Everything is selling for over asking
    1
  607.  @redbaron6805 Homes that we’re 400k in 2020 should not be selling in for 800k today. That is inflation.
    1
  608.  @stevenap4594 such as?
    1
  609.  @stevenap4594 such as?
    1
  610.  @jasoncortez1238 not in any desirable areas…
    1
  611. If the flaming liberals in California no longer want it then how would rest of the country justify it. Affirm Action was never constitutional. Move on.
    1
  612. This administration wants Socialism - this is all intentional in order to eliminate free markets
    1
  613. It’s gotta start somewhere
    1
  614. Why do the Democrats keep giving Iran millions of dollars so they can attack our ally? seems like an oxymoron
    1
  615. real estate isn’t a great investment anymore with high interest rates and fixed income alternative investments.
    1
  616. He’s doing it deliberately - he’s bought and paid for
    1
  617. This is what I keep saying !!
    1
  618. we don’t have open door in the north east and great lakes. We need rates to go to 10% to stop this debacle!! Prices are still good up in areas with no building. The realtors here are breaking laws in order to manipulate the market higher. there needs to be an immediate investigation !!
    1
  619. There is still a lot of home buying out there!! Builders aren’t coming down on price until every last sucker is gone !! It’s going to be a while.
    1
  620. seems like 7% is the magic number to slow things down and that’s not that high.
    1
  621. Fed will pay you to save. Put your money in a T bill or CD and make 5% with no risk.
    1
  622. Powell and Yellen are corrupt as can be! They are wrong and they should be fired!
    1
  623. There needs to be immediate economic sanctions imposed for this. Chinese intentionally created covid. No one says anything. We are a laughing stock.
    1
  624. DEI is another version of Affirmative Action. It’s reverse discrimination.
    1
  625. If prices drop 33% in most markets then we are back to even so no real discount. Fed reserve needs to grow a pair and raise the dam interest rates and fast !! There are people that will be homeless soon. Get with it Jerome. Yellen already admitted she was wrong !!
    1
  626. Great video. Current admin needs to incentivize fracking and make America energy independent again and majority of these problems would be solved. Economic policy is geared toward liberals in Hollywood. Re open the Keystone pipeline asap.
    1
  627. Agreed, there is an ethical concern that needs to be addressed. Realtors can cause another systemic meltdown like 2008.
    1
  628. %3.25 Fed Funds rate isn’t enough. Core Inflation at %5.9. The rate hikes have not even trickled into the economy yet. Too early to be making any predictions, especially with QT.
    1
  629. Schiff has been right for years but didn’t answer how to handle the inflation!! He’s right that Yellen is responsible from much of the last 14 years. The game is over. Raise the rates and unload the balance sheet; we will have to learn to live with major rebalancing in the markets and the housing industry.
    1
  630. sales of multi unit apartment buildings are caving from bank crisis. Home price correction is a 5 year process. Be patient. Realtors are being sued and criminally investigated all over the country.
    1
  631. Great interview. Realistic points and communicated with facts.
    1
  632. so many bad reviews on the 4 cylinder on all these diff reviews - hope Infiniti listens and brings back the 6 cylinder - and even that was pretty slow
    1
  633. This kid is into far worse than this…come on
    1
  634. oil going lower and that will drop inflation
    1
  635. Love your videos!! Home prices will not come down in most of the nation due to supply issue, although I hope they do. Fannie and Freddie aren’t tightening guidelines, They raise loan limits every few months. The country is rigged. It’s a ponzi scheme. The fed gov will never ever let it drop. They gave up on QT. Election right around corner.
    1
  636. Black rock is buying all the homes and renting them out - no point in building any more
    1
  637. Affirmative action has outlived its usefulness.
    1
  638. In a nice way, he’s warning of a major catastrophe that can only be averted with more QE. More people should be paying attention to the black swan theory that he speaks of!!
    1
  639. Right !! you made a good point in your video that PPP also created a bunch of “fake” jobs that will be going away soon. Bad management all the way around by current administration.
    1
  640. when you print $6 trillion in two years it becomes entrenched in the economy.
    1
  641. Economic Pain and hardship from inflation/ recession only hurts the average Joe and the poor. The rich are not effected.
    1
  642. great interview - both very smart economists. The end result is recession, high unemployment and economic contraction.
    1
  643. Is Kamala Harris and her word salad strong enough to handle Putin ?
    1
  644. Buffalo NY is still freezing and homes for 500k plus are selling in days. Realtors give a deadline on bids. Best and final offers due in a one week pulls a sucker every time. Don’t be manipulated by your realtor. use an escalation clause.
    1
  645. pay 150k for college for a sociology degree taught by left wing radical liberals
    1
  646. There is a war on catholicism in the US. Vote Trump 2024 🇺🇸
    1
  647. Give it up Liz - you sound like every other radical feminist.
    1
  648. Dems control 70% of the wealth in the US. They are worse than communists.
    1
  649. Not to worry - Fed will print more money - and the asset bubble will grow. There is no other way.
    1
  650. Rates are going to %7-8
    1
  651. Fed emphatically states rates will not go down until inflation is %2.00
    1
  652. Biden + Obamas have deliberately weakened our country. Runaway inflation + health care system is broken.
    1
  653. Most buyers didn’t live through the housing market COLLAPSE and stock market crash of 2008. There is no fear in the markets today…but there will be very soon !!
    1
  654. Always enjoy Peter, however real time data is dropping. It’s going to take a while but we are on the right path. Lot of this depends on oil and global politics.
    1
  655. Answer is easy. Hand the keys back to the bank and short sale the property.
    1
  656. the fix is on - corporations have a monopoly on housing
    1
  657. Home prices will take 4 more years to correct. It doesn’t happen over night. Rates will stay higher for longer.
    1
  658. Inflation is transitory - oh wait, it’s at 12% - sorry we missed that one!
    1
  659. Agreed! Nice work Travis !! you make a lot of videos with great content. Thank you!!
    1
  660. Tax payer will have to pay to clean up this mess again. Irresponsible spending during the pandemic.
    1
  661. If rates go to %8.00 any time soon you will see an epic crash !! It’s simple math
    1
  662. Cut Kelly Anne loose! The lady is always on point!
    1
  663. not in the northeast - no major home building. Still no supply unless you want to live in the ghetto
    1
  664. Nick, you are good at what you do!! We still have a long way to go before full crash!! Many regions have not yet corrected. There is more work to be done!!
    1
  665. Higher rates will not increase inventory to a meaningful level.
    1
  666. “ offers are due by so and so” what BS !? Those days are over !! Most Realtors area Dbags
    1
  667. that’s why interest rates are going higher and anyone who buys right now is a fool - they will be upside down on their mortgage soon
    1
  668. He’s always bullish no matter what! Meanwhile we are getting close to $40 Trillion in debt that we can’t service.
    1
  669. Fed was supposed to be at $95 bill/month in QT in September. I don’t think they will ever follow through with QT. Middle class tax payer being exploited again. Be careful who you vote for on state and Federal level.
    1
  670. Homes prices in this country are astronomical. Inflation should be everyone’s number one priority when it comes time to vote.
    1
  671. In the northeast and the cold weather states you really only have six month window to buy a home. Once the snow starts realtors take homes off market, creating pent up demand for summer and fall. Travis, How do we navigated around this !?
    1
  672. If rates keep going up, the majority of Americans won’t even qualify. Rates almost at 6.00. There are already a lot of people priced out. Many people will also have a drop in income and lose/change jobs. Homes are still selling fast and for full asking in the Northeast.
    1
  673. FNMA bond is the one to watch. 30 year is still at %5.5
    1
  674. mortgage rate will be at 6.00 - it’s just a matter of time before the math kicks in
    1
  675. “I’ve been a part of most of the decisions that have had impact?” ~ hyper inflation, mass illegal immigration and we now fund multiple wars with money we don’t have!?
    1
  676. Unplug the internet ! Read the paper. Problem solved.
    1
  677. Regional banks are more familiar with each region of the US and cater to the needs of that region. US economy is much bigger than Canada.
    1
  678. Homes are selling like hotcakes in Buffalo, New York for $750,000+3%/year in NYS annual property taxes. There is no housing crash.
    1
  679. Travis always has his facts straight!! Nice to see!! Thank you !!
    1
  680. open door is exactly who the Fed reserve wants to crush. Foreclosures are imminent
    1
  681. Run up home prices %40 in 2 years and keep them there!! Genius !! Raise the dam rates Powell!! Reward the savers!!
    1
  682. Why not just depose the sharp shooters vs interrogating a bunch of bureaucrats that are trained to deflect ??!
    1
  683. foreclosure
    1
  684. Her new agenda calls for printing more money
    1
  685. There is no direction. Fed has lost control. policies must change. Energy independence.
    1
  686. Employment number this Friday and CPI next week!! If unemployment low and CPI still high then rates going back to %6.00
    1
  687. if you live in the Northeast you are screwed, especially going into winter!! no inventory plus high prices - nothing is selling !! Now what ??
    1
  688. The “hairy crotch” View
    1
  689. Natural behavior in Phoenix will never change. Nick is right. Phoenix always first to boom and always first to bust. Phoenix is a hot bed for flipping. Game over Phoenix.
    1
  690. I always liked Peter Schiff. He’s right. However he is a bit of a doomsdayer. If war in Ukraine ends or supply chain gets worked out or Biden ever gets price of oil under control - a lot of the inflation can correct rapidly. Republicans will take over congress in November and correct some of these issues that cause inflation.
    1
  691. Women want the right to play sports against other biological women.
    1
  692. The only thing that is going to cause a major price correction as an increase in mortgage rates - immediately
    1
  693. Trump will still win election
    1
  694. Write to your local constituents!!
    1
  695. No one speaks of core inflation or our national debt!! Fed Funds rate must exceed core inflation in order to contain it. This was established 42 years ago !!
    1
  696. agreed, it’s going to take time
    1
  697. Dinero never speaks in facts. He just rants and raves. He has no formal education.
    1
  698. Jerome Powell needs to be fired ASAP. His decision to cut interest rates by .50 bps was political and very dangerous to the economy.
    1
  699.  @DailySource core cpi is 3% what are you talking about ?
    1
  700. No building in Northeast means no price drops.
    1
  701. Mohammed is real intelligent. However, he’s a bit of an alarmist. This is more policy driven. Get the price of oil down ASAP and at least half of your problems are solved. Green energy doesn’t work!!
    1
  702. The Jimmy Kimmel show sucks
    1
  703. It’s just not a popular show - similar to msnbc
    1
  704. If the federal reserve is claiming that they are going to reset the housing market then why are they raising loan limits at the same time?? rates are going down - prices are going through the roof. Markets are rigged.
    1
  705.  @TheSuperdodgy what do you want to know?
    1
  706. Higher interest rates and recession job losses will lead to lower rent
    1
  707. $25,000 tax credit for fist time home buyer would be fair.
    1
  708. There will be a Fed bail out of credit card debt - taxpayer will pick it up
    1
  709. Spot on Nick!! On the flip side, mortgage rates are coming back down again with recession fears. If rates continue to drop, there will not be a housing correction.
    1
  710.  @Rob_G716  I don’t believe the Fed will ever sell enough MBS to cause harm to the economy. They chickened out in 2013 and they will chicken out again.
    1
  711. lot of migration to Texas and Florida. That will stop soon as affordability drops. Mortgage rates are surging and will go higher.
    1
  712. There will be no true housing correction back to affordability. There is too much corporate and foreign investment. Minorities are suffering the most !!
    1
  713. $1200/month PITI won’t even buy a dumpster today !! PPP fraud ruined the housing market for hard working, law abiding citizens!!
    1
  714. Miami was obliterated in the last housing crash of 2008 and it took years and years to recover!! What is the draw? Miami will get decimated once again - The place is a sweltering hot scum pit.
    1
  715.  @andrewareva4605  Don’t forget that half the PPP and EIDL was FRAUD is was somehow now forgiven ????!!!!!!
    1
  716. Fed will create another financial crisis/ great recession/depression and then pivot back to %0.00 interest QE. There is no other solution.
    1
  717. need mortgage rates in the double digits in order to reset
    1
  718. Buffalo, NY is the most overpriced housing market in country. There will be NO housing correction in northern states that didn’t have home building during the pandemic. You are stuck paying 40% more !!
    1
  719. Stock prices will continue to rise as well as home prices - Rich get richer
    1
  720. if rates go to 6-7 - you will see a major price correction in most markets. Money center banks JPM and WFC already telling you to get ready!!
    1
  721. Democrats control 70% of the wealth in this country.
    1
  722. I disagree. Statistics don’t lie it’s all over the news all day every day. if you understand basic finance then you understand that there’s going to be a crash of epic proportions. interest rate rise and quantitative tightening are unprecedented.
    1
  723. how do real democrats like RFK feel about liberals ? Would seem to be two separate parties
    1
  724. No one can afford sheltering, food or gas in this country right now. Interest rates must go much much higher, much much faster to stave off run away inflation.
    1
  725. “The pace of rent increases in coming down, but rent isn’t coming down!!” Get a clue
    1
  726. Exactly - so is this considered a crash or just a normalization. Price needs to go back to 440 or drop 400k!
    1
  727. more like %6.00 by year end
    1
  728. Parents cashing out 401k’s to buy homes for children - no home price correction without stock market correction
    1
  729. price controls are a threat to democracy…
    1
  730. 4 cylinder has plenty of HP and torque. Fun to drive and is 12k less than 6 cylinder. 2025 is very nice. Too bad Audi took away all off the incentives and rebates in April.
    1
  731.  @realestatemindset  10 year may still go up however 30 yr mortgage is based on fnma bond. This was a big week of news. Recession trade was back on and now it may be back off !!
    1
  732. This must be illegal on some level. Censorship and manipulation by a major news network broadcasting to the public!
    1
  733. Banks are flushed with cash from PPP fraud. They don’t need to attract new deposits so they don’t raise their interest rates.
    1
  734. Ford CEO Jim Farley Says Customers Will Pay Big Bucks To Sleep In Cars
    1
  735. The fed just raised rates 4.5 points in 8 months and going higher. There will not be a soft landing
    1
  736. Buffalo/Amherst NY homes start at $500k snd sell with multiple bids over ask in one week. Decent home sells for $800-900k. There is no correction or recession. Fact is there is no inventory in the good neighborhoods - Thanks to the pandemic and billions of new dollars in circulation.
    1
  737. But it can’t happen again because there are less ARMs!! Yea right !!
    1
  738. Kamala is pro Palestinian
    1
  739. She is pro Palestinian
    1
  740. censorship
    1
  741. Prices are still going higher in the North East because we have no land to build on. Bidding wars have slowed but prices are not dropping any more than usual. Prices are increasing. Rates need to go above %6.00 asap to see any meaningful correction. We are still in a bubble.
    1
  742. 6 mo of saving guarantees welfare. You need at least 60 months of savings for a true recession.
    1
  743. Very few EVs in the cold weather states
    1
  744. I’ve been working in the mortgage biz for over 20 yrs - never seen the purchase market this slow!
    1
  745.  @toinengwyn3935  All good points however some yield is better than no yield. Rates already dropped quite a bit last week. I will believe the MBS sale when I see it. So far, NO bid!!
    1
  746. there is no fixing this. It’s a permanent problem. Jack rates up to 18% and ban corporate and foreign investment. not everyone deserves to own a home. no need to talk about interest rates in the 80s when home prices were $40,000.
    1
  747. Banks will get bailed out again. Fed will raise rates by .25 bps in the next two meetings and then pause.
    1
  748. Surprised anyone can afford to maintenance their home nowadays!
    1
  749. he was convicted of 34 felonies by judges that were just fired by the DOJ for misconduct
    1
  750. Still no inventory in most of the Northeast. No significant price drops. I’m afraid this is permanent !!
    1
  751. Bills will win!
    1
  752. This is comical. We have a long way to go to get to %2.00 CPI. Terminal rate at least %5.1 and will stay there long term.
    1
  753. What about “you need to overbid with your best and final offer to get that house” FOMO
    1
  754. Pandemic stimulus is entrenched in the economy. Most stimulus was used to buy real estate.
    1
  755. Multi unit financing makes no sense and investor purchases makes no sense with current rates today. Second home financing and vacation home financing rates are sky high. speculative buying is done.
    1
  756. rich are getting richer and gobbling up supply in cash ! I thought the dems were suppose to be for the working man - don’t be manipulated
    1
  757. I hope all the liberals in Hollywood will stick around to pay the bills cuz everyone is moving out of cali!!
    1
  758. Good points and this is all true but this is the first time we’ve had this kind of inflation along with QT an enormous interest rate increases
    1
  759. working as a bartender isn’t the same grind as scrubbing floors in the ghetto or being a dishwasher in order to feed your family.
    1
  760. She’s not from the ghetto and doesn’t understand the ghetto. Lot of wealthy privileged women are bartenders.
    1
  761. raise the rates to 8-9% and get this over with.
    1
  762. wait until the home values go down
    1
  763. How can anyone take this woman seriously!?
    1
  764. The fix is in. There will be no recession or sell off.
    1
  765. Harris is thorough? How does he know this ? She never gives a live interview! She never speaks to the press. No one knows who she really is.
    1
  766. $3500/month ? try $4500/month for a shack in NYS with our taxes ! Need to pay for the migrants !
    1
  767. Home prices are already dropping in many major markets. Rates go up - affordability goes down. Simple math.
    1
  768. Trump needs to repair his relationship with white women in this country asap or he won’t get elected
    1
  769. was going to lease this - V6 was quiet and smooth. 4 cylinder loud and peppy. Doesn’t suit a luxury mid size SUV.
    1
  770. It’s like buying a car - you better have at least 50% to put down or your payment will be astronomical.
    1
  771. there is no fixing this. It’s a permanent problem. Jack rates up to 18% and ban corporate and foreign investment. not everyone deserves to own a home. no need to talk about interest rates in the 80s when home prices were $40,000.
    1
  772. The investors needed a place to money launder their fraudulent PPP money. If you didn’t collect PPP money then go to the trailer park with your family because you’ll never own a house
    1
  773. Become energy independent ASAP and half your problems are solved !!
    1
  774. raising fed funds rate is 40% effective. Rate hikes do not create supply. solve the supply chain issue - find new leaders asap.
    1
  775. great interview. You can feel something is going to blow up any day but we just do know how yet !! Housing market is doomed.
    1
  776. This ESPN commentator makes more sense than any Democrat on main the stream media.
    1
  777.  @johnsalisbury3768 Trump for Catholics 🇺🇸
    1
  778.  @marryJarry-v1g Trump derangement syndrome ?
    1
  779.  @marryJarry-v1g Trump derangement syndrome?
    1
  780. censorship ?
    1
  781. o
    1
  782. Woman are not safe from migrants.
    1
  783. yep, it’s called fear of missing out !! The fear wins every time
    1
  784. Buffalo/Amherst NY is still ripping - homes start at 500k and it’s a frozen tundra plus NYS property tax of 3% per year ! payments start at $4500/month
    1
  785. Walmart was big beneficiary of covid chosen by the Fed - the company is getting back to right size
    1
  786. mortgage rates dropped with last housing crash because Fed implemented first round of QE. There is no more money to print. Rates will probably never go that low again. Rates above 5% are the new norm.
    1
  787. Rates need to go back up. Not quite sure why the Fannie Mae bond has been dropping so much. After earrings release from Amazon and Apple - we don’t seem to be heading for major recession anytime soon!!
    1
  788. 15-20 offers or one offer at full asking. What’s the difference? The house didn’t drop in value. The asset bubble persists. Sheltering costs have not dropped. Nothing has been accomplished yet. Rates must go higher in order to deflate the asset bubble.
    1
  789. prepare yourself for 3-4% permanent inflation and living in a tent !! - we will never get back to 2% inflation unless Fed crashes its beloved housing market !! That will never happen. Loan limits are going up next month !! Yikes !!
    1
  790. latest CPI data is manipulated. prices haven’t come down
    1
  791. you need to pay an attorney. Taxes aren’t being lowered right now after huge run up!!
    1
  792. Fed is basing its decisions on lagging indicators. They will over shoot. They are simply not qualified and should step down immediately.
    1
  793. CPI came in lower than expected - rates in the 5s will drive prices even higher from here.
    1
  794. Great video - these homes would be $1mill plus in most parts of the country.
    1
  795. Buffalo, NY is one of the most expensive housing markets in the entire country, especially when you fiactor in New York property tax!!
    1
  796. Buffalo NY - home listed for $480,000 sold in a week for $560,000 cash. $14,000/year in property taxes. Raise the mortgage rates higher and pop this bubble.
    1
  797.  @jessn5677  It’s the high income workers that see they are under water and don’t want to stay that way long term so they get out of the property, short sale and reset. It’s a real estate game. Buy back at cheaper level and double money VS waiting 10 years or more to break even!!
    1
  798.  @jessn5677  again, IMO fomo buyers massively over bid for primary residences. Past history suggests when they discover they are underwater they will bail. This was very prevalent during last crash in the sunbelt. You don’t know anyone that short sold a primary residence ?Human nature doesn’t change. New build prices are already 50-100k less than last year.
    1
  799.  @jessn5677  During last crash in Phoenix I knew several people who walked away from their homes that had high-paying jobs simply because they were underwater. Some bought a new home while simultaneously bailing on the underwater home. Some rented and bought several homes again and have millions of dollars today. People out west and many parts of the country know how to game the system and so do the REITs and private equity. I wish you well !!
    1
  800.  @HappyPenguin75034  It’s a process. Last crash took 4 years for a bottom. Sheltering costs make up %40 of CPI. If Home prices don’t come down, neither will inflation. Fed will ramp up QT next month which is equivalent to another 50bps rate hike. If you bought during the peak in the last 24 months then you are now under water. Home sales lowest in 24 months. The correction has just begun!!
    1
  801.  @HappyPenguin75034  Respectfully, what is your prediction on the housing market ?
    1
  802.  @jessn5677  Jess, follow the data. Home sales at a 2 year low. If home sales break pandemic lows the bottom will fall out. In turn, rents are now decreasing rapidly. This is the goal of rate increases and quantitative tightening. Fed reserve needs sheltering costs to come down. This is a slow process. Sheltering costs make up 40% of CPI. if you purchase a home today you are buying at the absolute peek of the market. In my area, new listings are now coming out 50-$100,000 under current listings, which have been sitting. Follow the data.
    1
  803.  @jessn5677  I understand. Follow the data. It may take longer in your region. Follow the ten year treasure note. Mortgage rates went up this week to %5.60. This brings affordability down. It’s a gradual process. Fed will tighten again in September. Fed mandate is price stability before anything. They are mandated to bring down prices. They have no choice. In 2008 it took 4 more years for home prices to completely bottom. It takes time.
    1
  804. Agreed but rents will have to drop as I’m sure they will with the recession
    1
  805. 5 year arm is at %6.12 7 yr arm is not %4.00!!
    1
  806. All good facts, however the problem is the Fed is going to reverse course in a few months. The fed can’t unwind balance sheet or there will be a major crash. They will end up doing next to nothing. That’s how we got here !!
    1
  807. yes it will. However core CPI excludes food and energy. Core CPI is still increasing !!
    1
  808. Extreme libs harassing Baldwin lib - Betcha he votes for Trump now !
    1
  809. Sorkin is Jewish - does he realize that Harris and her supporters are pro Palestine ?
    1
  810. Miami is an ugly place. Street is dirty. Homes look ghetto. Not worth the money. There are much nicer places to live for the price!!
    1
  811. Kelly Anne is a campaign expert!
    1
  812. Really too bad all this happened with real estate. Fed gov’t always needs to create a home bubble.
    1
  813. Fed won’t reduce sheltering costs by just increasing interest rates. Need QT and more regulation on investors
    1
  814. This guy colors the hair on his head, but not his beard ? Can’t really believe anything he says!
    1
  815. The goal is to stop home prices from going up any further, not drop the price. Fed has accomplished this goal in most regions.
    1
  816. reset to what though ?
    1
  817. If the federal reserve is claiming that they are going to reset the housing market then why are they raising loan limits at the same time
    1
  818. Media and major networks are communists
    1
  819. Dept of treasury now going to buy the long bond - Similar to QE like UK. They are lining it up now.
    1
  820. spot on!! but nothing will change. Tax payer will bail out. Rates will go back down. This is the only way the economy works.
    1
  821. total gridlock because of the Fed - everyone believes they will pivot soon!! They never followed through with Quantitive Tightening !!
    1
  822. early detection
    1
  823. when you get pulled over do as the police say and be respectful - It just that simple !
    1
  824. please take a look at Buffalo/Amherst NY - pp sq ft here is outrageous !! There are still many homes that sell for over asking. The region seems dislocated from the rest of the country.
    1
  825. Home prices should re-trace all of their gains as many markets and tech stocks have already done because the gains should not have been there in the first place!!
    1
  826. some one please fact check - I don’t know of any lenders that went out of business but I do know that interest rates spiked…finish the project
    1
  827. scare tactics - that all she has - no substance
    1
  828. Home prices will continue to rise - Fed printed $1 Bill - stimulus still circulating and now entrenched - Fed waited too long to raise - Rates are still too low.
    1
  829. Great video !!
    1
  830. Or maybe we can let the left print more money and have runaway inflation while the rest of us work for a living
    1
  831. “inflation is transitory” - the game is rigged!
    1
  832. All good points, but the $900 Billion PPP fraud and excess stimulus needs to be pulled out of the economy. War in Ukraine is one small piece to a very large puzzle.
    1
  833. well said !
    1
  834. The X5 is built in North Carolina and it’s a rip off.
    1
  835. If someone wants to try stem cells off label then they should be entitled to do so without anyone’s permission
    1
  836. must be nice to live in Texas where there was over building - north east is still up 10% from last year !! Fraudulent Pandemic stimulus is the reason for all of our inflation.
    1
  837. stock market has same fundamental risk as real estate. Recession should destroy demand for both stocks and real estate. Stock market is seeing a bear market rally. There is still a long way to go before we see price stability.
    1
  838. The fix is in!! Dems don’t want to lose seats in the Nov election. CPI peaked Market is going higher from here.
    1
  839. I keep saying the same thing !!
    1
  840. Florida is an anomaly - lot of people migrating there because of politics - housing market supply and demand is regionalized
    1
  841. there will be no real estate correction without a stock market correction - Fed has this safeguarded
    1
  842. It’s gonna get ugly, unfortunately.
    1
  843.  @anthonyvarone5526  cugino - the goal of monetary tightening right now Is to reduce sheltering costs which make up 40% of CPI. Home prices are already dropping. No one knows how far they will drop. Right now is not a good time to buy !!
    1
  844. I don’t know if fed is able to print any more money for corp bail outs !!
    1
  845. no job = no mortgage
    1
  846. Car prices and leases finally coming down - Stellantis going bk
    1
  847. UWM
    1
  848. They both have a fiduciary responsibility to alert you of the risks involved !!
    1
  849. If you live in the sun belt, you’ll probably catch a deal. If you live up north, you’re screwed. Realtors are pulling homes off market until spring, waiting for rates to come down and they will by summer.
    1
  850. Lot of people now upside down on their mortgage!
    1
  851. Texas is one of a few states with price drops. Half the country and especially the NE not getting any real deals. 10% form the peak isn’t a fair price
    1
  852. yep - exactly - any region where there was no new building will not see a price cut
    1
  853. Most people just don’t care !! But it can easily happen again once homes go under water, which they are right now.
    1
  854. interesting - first I’ve heard of this.
    1
  855. How about we just stop paying for everyone to game the system instead ?
    1
  856. Trump is gonna jack up mortgage rates to 10% then reset the housing market. Rates are already moving higher.
    1
  857. Criminal PPP money was laundered in the housing market and the stock market. Working man got screwed.
    1
  858. Fed reserve has an agenda to get money printing machine back on. Don’t be fooled. Peter is spot on under normal markets.
    1
  859. Because the country is broke! We just spent 5 trillion on the pandemic and PPP!! This is a global problem
    1
  860. Realtors have too much power to manipulate the market. They should be regulated like every other industry!!
    1
  861. sounds like an investor trying to liquidate to me ! This is what we are hoping to see. Bigger investors throwing in the towel before it’s too late !!
    1
  862. take 8 years to foreclose in NY or something crazy
    1
  863.  @Zren89 you work at a grocery store - cashiers did get a wage increase
    1
  864. Home prices are never coming down. We are stuck where they are. If you didn’t get a gift from your parents to buy before covid then you are f-cked!! Thanks for being a law abiding citizen. Immigrant at the border will have better quality of life.
    1
  865. Rates will exceed %7.00 Fed funds rate going to %4.00 by January
    1
  866. If I move to Hong Kong or Africa do I get special treatment for being American? Get with the times. It’s over
    1
  867. Nice video - once rates cross %6.00 again it’s game over!! Housing market starting to shift in Northeast
    1
  868. PPP fraud of $1 Trillion - read the news
    1
  869. If rates come back down to 5% then shelter costs will spike again. This has already happened. We are now in a never ending cycle.
    1
  870. sun belt vs rust belt = no real bargains in the cold, rust belt cities.
    1
  871. 70% of the wealth in this country is controlled by the democrats. Govt assistance will go to migrants, not the poor.
    1
  872. Smith doesn’t appear to be a victim of racism or discrimination - and he’s an ind - something to think about
    1
  873. I live in NE - I agree, there is pent up demand after long winter but it does feel like a shift is starting very slowly. I believe rates need to go to %6.00 or higher. We don’t have same home building as everyone else!!
    1
  874. Homes sell with multiple bids in hours/days. Why do I need a buyers agent ? Save the money to win the bid!
    1
  875. seem like the smaller the metro area, the smaller the price drops and inventory - true or false ?
    1
  876. Democrats control 70% of the wealth in this country. Trump is a threat to the wealthy.
    1
  877. Still no answers where the virus came from. We deserve answers immediately !!
    1
  878. “The green new sham”
    1
  879. Inflation data/CPI are fake
    1
  880. Cackles couldn’t run a day care center much less the USA. Vote Trump 🇺🇸
    1
  881. Great Britain CPI increased to 9.4. We usually follow suit but commodity prices have come way down including oil so I think it will be in the 8s
    1
  882. Americans should go live in trailer parks so foreign investors can park their cash in the US real estate market!! Even Canada was smart enough to ban foreign investors !!
    1
  883. sheltering costs are still sky high !! rates will stay long for a long time.
    1
  884. This sums up Bidenomics
    1
  885. Tear the subway above Main St out ASAP. Bring back cars and problem solved.
    1
  886. Travis, please make a video about PPP!! Ton of fraud put into real estate !! I’m not paying for this !!
    1
  887.  @realestatemindset  Thank you !!
    1
  888. Fed mandates - full employment and control prices - that is all. We are at full employment, still no job losses. Inflation and PPI spiraling out of control. Price of gas not coming down. Siegel is a bull. Always has been. He probably took a beating in the last selloff like everyone else and now he wants his money back. Sheltering costs still at all time highs. Rents haven’t come down. Still bidding wars. Tech stocks still trading at triple digit multiples!! Raise the rates to %3.5 by year end! Grow a pair!
    1
  889. Fed will backstop banks again with taxpayer money. Lending standards will be more stringent. Prices will dip with tighter lending
    1
  890. Great video - the powers at be - Blackrock, Exxon, Facebook, Google, Microsoft, Top 1% control the Dems and will never let the economy crash, ever again ! Middle class will continue to suffer with high inflation.
    1
  891. Fed bails everyone out and will continue indefinitely at the tax payers expense
    1
  892. Mark Katherine has a place on SNL - def not on a presidential campaign - this was offensive and ignorant.
    1
  893. There are several price cuts north of palm beach
    1
  894. Fed will accept bonds owned at commercial banks at PAR value to mitigate their losses. Who is paying for this ? Taxpayer ?
    1
  895. %30 price cut from a list price %200 over market value !!
    1
  896. much better to stay in a clean hotel with amenities and room service
    1
  897. Inventory is still low. Higher mortgage rates didn’t work. Mortgage rates need to go much higher to stop this debacle.
    1
  898. The fix is in - adjust or go broke
    1
  899. rocket mortgage is a non depository bank and Mortgage volume is down by 70%. They have huge payroll and huge marketing expenses. They could go OOB very easily, same with United Wholesale!!
    1
  900. Markets are rigged and politically driven. There will be no correction. Home prices and 401ks too important.
    1
  901. Get KA Conway on the campaign trail ASAP. She is sharp as a tack.
    1
  902. Those who bought homes in Florida in 2017 and now sold walked away with hundreds of thousands maybe even millions. Is this fair ? The fed gov needs to raise the dam interest rates so we can get back to a normal living vs a gambling parlor. This asset bubble has been screwing the responsible saver out of money for two decades now. Raise the rates Jerome. Grow a pair.
    1
  903. ugh ?
    1
  904. Massive turmoil in middle east and Ukraine - she is not equipped to handle
    1
  905. surprised you didn’t just hand the keys back to the bank like everyone else so the tax payer could pay the bill!! It’s coming again !!
    1
  906. the market is going down another 20% - it’s simple math - I don’t need to ride it down and watch my investments sit there for the next 10 years with no return - don’t fight the QT
    1
  907. it’s an affordability issue with higher rates. Sure, everyone wants to purchase but do they qualify at %5.64 today or higher !?
    1
  908. J Powell is controlled by the Dems. It’s an election year!
    1
  909. we will be back down to 2016 prices real soon. The stock market already is.
    1
  910. Trump by a landslide!
    1
  911. Too much much covid stimulus entrenched in the economy.
    1
  912. market doesn’t bottom until Fed is done raising rates
    1
  913. price controls are a threat to democracy…
    1
  914. Phoenix is/was always an accident waiting to happen. Phoenix got slaughtered in last crash. Same dumb people that are over leveraged on credit cards and car payments. The minute the market shifts and they have negative equity - they will hand back the keys to the bank. They are mostly pros from so cal that have been doing this for generations. Sad thing is they usually come out ahead !!
    1
  915. more media manipulation
    1
  916. Too many union school teachers in NY that are terrible - they all get generous pensions.
    1
  917. Nice video - Prices better hurry up and crash - all economists talking about rate cuts in second half of this year - I don’t see it
    1
  918. Educate yourself. 3 years out of foreclosure wipes credit clean to buy another house. Fannie mae guideline. Timeline much faster to dump the house then wait to break even. It’s all a game!!
    1
  919.  @jeffreymarshall4572  many have negative equity right now !!
    1
  920.  @gregjlewis  are you serious ? Cars have always been a depreciating asset. Homes have always been an appreciating asset. you’re comparing apples to oranges.
    1
  921. Trump derangement syndrome !
    1
  922. my friend and his family are living out of a mobile home. They are prequalified for up to $350,000 and can’t find a house they can afford. This is terrible. They can’t afford food right now or gas.
    1
  923. DTI requirements have nothing to do with disposable income, especially for a family. Increased housing payment decreases disposable income.
    1
  924. check NYC boroughs and Long Island zip codes
    1
  925.  @ReventureConsulting  NYC and the north east is not affordable but it’s not stopping anyone, no big price drops. Mortgage rates would have to go to 7-8 for that
    1
  926. Prices are dropping. True bottom won’t be in for at least another 12 months or more.
    1
  927. Realtors need to be audited, immediately, for not using escalation clauses. No equity to refinance = foreclosure/short sale.
    1
  928. Kristi Noem is on point !! Well said !!
    1
  929. I believe rates will head back above %5.00 again soon. There was a dip when GDP number- technical recession was announced last week.
    1
  930. what makes you think mortgage rates are ever going back down again?
    1
  931. All it takes is for one house on your street to sell for $50,000 less and POOF - you just lost $50,000!! It’s happening right now all over!!
    1
  932. It’s all a scam. Prices will adjust to pre pandemic levels
    1
  933. She doesn’t have answers so she attacks Trump - scare tactics are her only play
    1
  934. if interest rates keep surging rents will come down. It’s called demand destruction and is the goal of the fed - to destroy demand. Go take a class in money and banking.
    1
  935. Democrats believe we should just keep funding the war but they have no idea who’s gonna pay for it. This is just the way they feel!
    1
  936. well said. the game is now rigged. No surprises
    1
  937. There is nothing liberal about Jaime Dimon. He’s more conservative than many republicans. This won’t work.
    1
  938. NYS taxes are worst in country. Welfare state. 250k is not a lot of money anymore.
    1
  939. NYS annual property tax - 3% - state income tax 6.84% and supplemental wages taxes at 11.7% - That before I get to federal taxes. Do the math on 550k mortgage at 7%. This is why people are moving out of NYS in droves.
    1
  940.  @ColetteSpencer-k5o If you want to live in a decent neighborhood with good schools homes start at 500k - new build is 750k plus don’t be fooled by what you see or hear on the news - Buffalo is very expensive because we have to pay NYS taxes!
    1
  941. Seems like every other car on the road is a BMW or Mercedes !
    1
  942. Agreed!!
    1
  943. The government was right to act they were wrong to continue to spend taxpayer money irresponsibly when they didn’t need to This was done intentionally
    1
  944. Harris is not qualified.
    1
  945. I’ll take a blizzard in Buffalo, NY any day of the week over this monstrosity. Prayers to Florida.
    1
  946. unfortunately, 50k/yr nowadays isn’t enough to afford a dumpster. Inflation is going higher along with crypto and tech. It’s all rigged.
    1
  947. 400 K for a new build in Dallas is not bad. 400 K in upstate New York will get you a split level ranch 1600 ft.² built in 1960 all original with 3% annual property tax. Buffalo NY most over priced area in the entire country - bar none!!
    1
  948. Tom always has bald points but the Fed is going to at least %5.00 on fed funds rate. Oil is up and sheltering costs in many parts of the country are still rising !!
    1
  949.  @realestatemindset  how can I share more data with you ?
    1
  950. %2.25 is NOT neutral with %9.1 CPI. Get a clue. Plenty of history shows Fed Funds rate must exceed CPI in order to contain inflation. We are heading for stagflation.
    1
  951. Thanks for reply. I hope they do raise rates but based on their track record and where they are currently they will collapse the economy. Market tanked on Friday again after 10 yr approached 3%. we shall see!!
    1
  952. Real estate market and REITs are now crashing hard. Investors are walking away. Better return in bond market.
    1
  953. Peter has been telling it is like it is since 2008 but Fed will never, ever do anything to hurt the precious housing market, which desperately needs to correct by at least 20% Housing industry is a casino.
    1
  954. new construction borrower should be qualified off fully amortized rate or this will end badly and the tax payer will need to bail out…again!
    1
  955. she doubled down on her radicalism with tampon Tim - he’s an embarrassment
    1
  956. **surge :)
    1