Comments by "Joe Swanson" (@joeswanson733) on "This Housing Market DOWNTURN Will Last a LONG TIME" video.

  1. it sucks that houses are no longer 3-5 x the median salary in any semi in demand area. it sucks that in any semi in demand area you can't just pick a house off the newspaper for sale ads anymore and actually get the house you can't just drive by a house and see for a sale sign and buy it and again get the house like people say you can still find deals ... in the middle of nowhere or look very very hard at tax lien properties or bank auctions ... basically you have to go way way way above and beyond the call of duty to get a house that someone 70 years ago could have got one with their eyes closed.
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  2. its all online now. temu
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  3. did it actually get sold? i dont' really care how high the price goes... as long as it someone has to actually pay that price.
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  4.  @youmarc11  i know. but a big reason why people get out is to get stuff they need. or eat. or watch movies. other miscellaneous activitites not mentioend. but wait. streaming is killing the movie theater business.
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  5.  @EsteOeste-vw7ps  let's just say malls require certain conditions for it to remain relevant. All conditions that it needs aren't there. Like disposable income. Exclusivity Lack of alternative sources to get those merchandise
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  6. issue is we don't know where any of thisi s gonna go. like first rule of business... don't kill the customers. but that's whats happening right now. the ones dependent on teh customes for income are killing off their own customers.
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  7. It's funny people keep saying wake up but it seems like no people won't wake up
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  8.  @Cordycep1  ok let's see how far this goes just as a thought experiment. I really want to see what happens when the national average home prices $2.0 million and the national average rent is $4000 a month.
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  9. I'm just curious just how rich are people nowadays when they can buy $550,000 plus houses all willy nilly without even batting an eye.
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  10. if supply and demand are in still in effect. the cure to high prices is higher prices. there is a point where it breaks the camels back. right now the national average for apartment rentals is $1700 this means some places are much higher than that. i would say if we ever hit a national average of $3500 a month for sure you will see people living in their cars just out of necessities.
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  11. a nother wild card that didn't happen as rampant in the past is foreign buyers, institutional money, and older people getting even more rental properties than in the past. these are the wild cards as of now.
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