![The Housing Market Is Out Of Control](https://iml-jp.com/wp-content/uploads/2021/04/The-Housing-Market-Is-Out-Of-Control.jpg)
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Right now, there’s a concern that 2.5 million homeowners are still in forbearance, meaning – they’re not making their payments and they’re protected from foreclosure…there’s a surplus of tenants who are unable to pay their rent…and the worry is that, IF evictions and foreclosures were to all happen at once – that would cause sudden and drastic economic hardship to millions of people, and that – in turn – would be detrimental to the entire economy.
So, in an effort to provide people with enough runway to get back on their feet – a new proposal was issued from the consumer financial protection bureau to be effective on August 31, 2021….and here is what this would entail:
First, this would only be applicable for a homeowners PRIMARY RESIDENCE – so, investment properties would not be eligible.
Second, this would be open for anyone who attests that they’ve experienced financial hardship.
Third, this proposal would allow for a loan modification that would give homeowners the option to EXTEND their loans in forbearance by no more than 480 MONTHS…which is 40 YEARS…without AN increase to that persons interest rate.
On top of that, fourth – if any portion of your loan is deferred, you would not owe any excess interest, and all fees would be waived.
And finally, fifth – this MUST be made available to homeowners experiencing hardship, which – again – is defined by the homeowner.
To top it off, IF a homeowner IS going to go through a foreclosure – this would extend the filing deadline by an additional 120 days, until December 31st, 2021…so, homeowners would get an additional 4 months runway to either sell their house, or figure out another plan, IF they were going to be foreclosed.
Right now, this is a proposal which is open for public comment until May 10th – but, if this goes through – this could be another HUGE catalyst for the entire real estate market, with some rather serious implication for ANYONE looking to buy or sell a house right now.
In the last few months, the yield on the 10 and 30 year treasuries have been going UP to due increased concerns of inflation – and that, in turn, has continued to push mortgage rates higher. This just means that, as mortgages become more expensive – buyers won’t be able to purchase as much home – and because of THAT, perhaps prices go down…but., that’s not happening.
Prices are getting pushed BACK UP for 2 main reasons – the first, is that housing INVENTORY keeps getting lower. We’re at the lowest level of housing inventory ever, in history…for reference, in March of 2017…there were almost 1.3 MILLION homes active on the market…today, there are only 493,000. That means, with less inventory – buyers will be FORCED to pay more while they compete for whatever is left over.
And second, as interest rates are going up – buyers are RUSHING to get something while rates are still cheap. The expectation now is that – over the next year or two – interest rates are probably going to be higher than they are today, so if you want to buy something – you may as well do that sooner than later so you don’t miss out.
Now, the RISK is that – sure, if interest rates suddenly go up, and everyone decides to list their home all at once – that could ABSOLUTELY cause prices to suddenly come down. There’s no easy solution but most likely it will be another wild year for housing.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com
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Can people still make money from Youtube?
Me and my husband bought a house right before the house prices skyrocketed. A house in our neighborhood with the same exact layout just sold for $50k more than what we bought our house for. The market is insane!!
Same with us. Major whew! I would not want to be a buyer right now.
0:00 “what’s up you Graham its guys here” ?!?!?! uhm okay lol
Gram it was a bad look to criticize Savage Finance he showing receipts & stating facts, don’t be hater bro, Kevin O Leary already shut down your portfolio, if you didn’t have UTube u would just be real state agent, step your game up, Warren Buffet ain’t tripping off utube $$$ also real ballers wouldn’t trip off utube $$$ just one source of income. Facts
Also you have done many videos with utube scamming personalities that are legit scammers fa sho fa sho, also fa sho= most definitely just in case you needed the translation, hope I don’t see anymore hater videos on legit personalities.
People are fleeing the cities for rural areas..
Algorithm
Does saying algorithm make the algorithm work less?
Can we simply say algorithm to cause algorithm in comment section be better?
Or would it know or would it know and consider that especially good because everyone’s on the same page
@Graham Stephen haha this gotta be a scammer. Was about to light you up Stephen haha
What goes up must come down…. eventually. I’m interested to see how/if this will effect the whole tiny house movement. There is definite fomo for buying a house right now, I’ve noticed a number of people turning to tiny homes as a way to satisfy that.
Do well let him know I referred you to him…his strategies are top notch ✅…and don’t forget to smash the like button..
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@Grahm Stephan Will you be reacting to (THE BIGGEST AND MOST EXPENSIVE HOUSE IN THE WORLD – ‘THE ONE’ ) video? That would be epic!!! I skipped through it but If you react I will watch the whole thing. 🙂
Selling my north Dallas, new build home this August. We moved in early August 2020. Very curious on what the housing market will look like in a few months.
Crazy I bout home in el paso tx my home value doubled from 70k to 140 k crazy 🤪😜
Given up, mortgage slave is not how I want to live, van life or small plot of land with RV on it is my future unless there is a housing market collapse.
*All I ask is, please slow down.., take a breath once in a while for gods sake.* 👀
I am curious how people buying for their investment portfolio affects real estates prices?
Can we talk about wages staying the same?
Well just kick a can of shxt down the road.
The government created a problem (shutdown), just to create a law to fix it by kicking it down the road. Hey Hey Government, why don’t you just reopen the economy. That will fix those so call problems you created.
What’s up you Graham , its Guys here. – You smart devil you lol. Increased comments = Increased Algorithm exposure. I refuse to believe that was a mistake.
Making sure anyone that currently doesn’t own a home (50% of the population), never will. Bleak for the younger generations… most won’t even b able to afford the property taxes on wages even if they inherit homes.
Guess im not moving out of this damn RV for a while
I need advice. I have a rental property in SW FL paid off with no mortgage, but I’m uncertain if I should sell with a chance of profiting 50K+ or refinancing to build a new property. What do you suggest is the best thing to do? My goal is to gain more rental properties.
Very very glad you made this video.
I’m 30 and my husband 45 we both made with over $ 3 million in net worth and no debt. We are currently living smart and frugal with our money. Saving and investing in a lifestyle in the stock market has made it possible for us early even now to earn weekly.
Thanks to fire movement.
I was debating on if I should sell my house and move back to an apartment. This just made that perfectly clear. Time to sell!
I think on its face it seems too irresponsible
god bless you joe biden! thank god we got trump out of office to save the housing market.
JUST KIDDING HES AWFUL GOTCHA DEMS YOU EVIL LIARS
Thanks for the comment
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+1<<5<<0<<7<<2<<4<<6<<2<<6<<9<<7 My<
Why are there no buyer protection programs that protect buying the home way inflated over a certain percentage of what the home is actually worth? All the regulations only protect existing owners.
Graham how come you bashed savage finance like that in your video? You literally just talked about what he was wearing the whole time not his finance principles
i actually hate being underage, cant invest in anything other than myself :/
id literally be rich rn because i called that tesla stock will rise like over a year ago
People today think they’re getting house rich, in which they are,…on paper. (*insert: Agatha Harkness wink*)
Profits on homes are not fulfilled until you actually sell.
Is it depressing to anyone else, that you’ve had this dream for years, working hard for it. And now everyone and their fucking grandma wants exactly what you’ve been dreaming and working hard for, and it’s out of reach, and will definitely miss out on all the capital being built. Sometimes I hate humans, especially Californians or people who have panic bought/caused this BS. Feeling like Im gonna miss out entirely and have to face Armageddon in a 1 bed apartment… finbs goddammit.
If people start taking out more 40-year loans. I’ll be buying more Bank stocks in my portfolio.
thanks for watching and being subscribed 🙂
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This is essentially 15 minutes of ads. Plus the YouTube breaks for more ads.
This is not good! We need a capitalist economy. This sounds more like socialism because government is intervening in free market once again.
It’s going to be a great couple of years for builders too, they can almost name their prices.
For anyone about to retire, this is high time to sell the big house, move to Portugal or Thailand or rent while keeping a tab on RE. When crash happens, it’d be the chance to buy an age in place home free and clear.
Isnt michael burry warning people on twitter that we will have another crash soon?
What’s this doing to property taxes?
Graham, You’ve been saying there’s gonna be a crash soon for the longest time. Now that you say everything is fine I’m going to bet against you and now we’re going to have the crash. 😯👎🤨 From the Wild Wild West California Central Valley
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This is a question from an older video but why do you suggest the discover it cash back card over others like the capital one quicksilver or blue cash card from American Express that seem to have better rewards and no fees?
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I work in loss mitigation and loan modification is nothing new. We already approved mods today. No major impact
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You know Graham works a lot when he spends enough time at his desk that the metal makes his elbows turn black…
So nobody learned anything from 08, a bunch of investors and corps are driving up the prices of everything by buying everything. The people that they are out buying are the same people needed to drive the economy so only having about 1000 people(just a random number) with all the money is stupid and short sighted. People are really just going to start leaving America because not everyone wants to rent or pay a million for a starter home. Let’s not normalize that either because minimum wage is still at an all time low
There is only one play in their playbook: sacrifice everyone on the altar of landowner privilege. It has become a cult of human sacrifice.
Come to Vancouver. We bought our house in 2018 for 1,050,000 but is now over 1,400,000. Larger homes have gone up by over 600,000 extra
Don’t know where you ate but in Texas they have foreclosure auctions the first Tuesday of every month with no shortage of supply.
Thank you for watching, for questions, guidance and support at any time. Just DM + 1. 8.- 4.- 3.- 3.- 2.- 1.- 8.- 4.- 6.- 3.- @ W H A T S A P……
Thank you all for watching, for questions, guidance and support at any time. Just DM + 1. 8.- 4.- 3.- 3.- 2.- 1.- 8.- 4.- 6.- 3.- @ W H A T S A P……
Who’s watching in 2061?
Just bought a 260k house for 300k. And I ONLY had the best offer because the original owner wanted a couple starting out to buy the house. The other offers were 50k+ over
Face of different person’s head pasted on body of a different person with all the hand gestures etc..
@Graham Stephan you are very welcome.. aside from disproportionate head to the body (might be due to the camera lens being used) you shed light on very interesting points about the market. My only comment is, why get excited about low interest rates if you are paying 20% higher price for the home up front?
Amateurs… 😛
Seriously, check out the Canadian housing market. It’s up over 160% since 2000….. up here it’s absolutely gross.
Hey Graham, one variable you haven’t added to the equation is the greedy middle man jacking up the prices of building materials… the cost to build is so high, lot of people turned to an already build house which further dampens the “inventory” of houses.
Im just going to keep renting bc my rent is way lower than it should be. Millennials really got screwed
Florida – houses that were half a mil now list for $1,000,000 right after close.. How long can this go?
Oh wow so you, personally, have massive amounts of houses that you flip or rent out, and surprise surprise, when you and several other millionaires (and BANKS) buy a ton of houses…there’s way less on the market and it’s millionaires and billionaires competing with their massive capital to outbid each other. ZERO shocker, here.
Ugh, when I finally saved enough for a downpayment for a home… and everyone is making all cash offers 200k over asking price.
“What’s up you Berries, it’s Dingle here”
When it comes to forex investment it is the king of the jungle especially when one knows how to trade as for those of us that has no knowledge in trading there are tons of brilliant investors you could invest with that would yield good results
i totally agree with you on this that there are good forex brokers that one can invest with and get back huge returns because ever since I started *investing with katelyn ivy i have reluctantly and its unbelievable how my life has changed since then
@Holly Beth I and my family have greatly benefited from trading with katelyn ivy this year, we’ve moved into our new house which we got the money to acquire it from by investing with her
@Holly Beth I’ve actually heard about her, but I don’t know how to get in touch with her.
@Sergio Williams You can reach her on Telgraph
Hmm I guess I’ll be a nomad then 🤷♀️
This is pure evil. There is zero incentive for saving. The entire market is speculative and propping up asset prices. It is disturbing and pure evil. I guess politicians hate millennials
Bubble
Glendon Cameron show has so much more knowledge then your show. Also your friend Kevin is about to eat your lunch!
Thanks for the comment
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+1<<5<<0<<7<<2<<4<<6<<2<<6<<9<<7 My<
Housing market is in the shitter right now it’s insane. Normal houses for 1400 a month are now going for 2400.
As a First Time Home Buyer, right now has been incredibly frustrating, houses are selling same day for 40-50k over ask, which in turn drives prices higher because it becomes the new comp, the rate of increase in price is insane. Great information in the video!
Thanks for commenting, I will refer you to my trade analyst and accountant to make good income, go more on digital assets.✅✅
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Dude, how can you be in real state that long? You look like you are 10 years old
I don’t buy the explanation that people have enough equity in their homes to keep from foreclosing. Why would the government feel compelled to offer a 40 year mortgage if they weren’t concerned about a slew of foreclosures. I think the real estate market is in for a world of hurt if not by the end of 2021, then certainly early 2022.
Damn this sucks for those of us who are saving up for a down payment and won’t be able to afford a house for a few years.
Still have fake Graham Stephens on here…
Thanks for the review
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@Graham Stephan good idea fake Graham..
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Sold my house last week. With the profits I bought a house in cash about an hour away in a smaller city. Couldn’t be happier.
I will advice you to invest with manege stave wilson and earn millions like I did and get a car of your choice,in less than one month his strategies and guidance I promise you achieve alot
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Can you do a video on College or Higher Education Bubble?
Whats up you graham its guy here!
why don’t they just lower the zoning requirements and build more homes?
Thank you for watching, for questions, guidance and support at any time. Just DM + 1. 8.- 4.- 3.- 3.- 2.- 1.- 8.- 4.- 6.- 3.- @ W H A T S A P….
Better to rent now and just invest in the market. Don’t buy at the peak
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Massachusetts is RIDICULOUS
Thank you for watching, for questions, guidance and support at any time. Just DM + 1. 8.- 4.- 3.- 3.- 2.- 1.- 8.- 4.- 6.- 3.- @ W H A T S A P…..
*Sees Economics Explained video about potential post-quarantine hyperinflation:* Time to buy real estate?
*See this:* Nevermind, carry on.
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Its guys here??? lol
Funny enough that “lower the zoning requirements and build more homes” is the best solution to all this. The government created this problem because of overregulation.
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When “Public” will be available in Europe?
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OMG! It’s 2008 on steroids!!!
what’s up graham its you guys here
This is what happens when politicians try to game the market to make up for their lockdowns instead of just opening things back up
My like button turns black.
Is it me or did he literally start the video off by saying “what’s up you Graham. It’s guys here”
What’s up be Gram it’s guys here?!
Economics 2021
Please talk about the housing market in Vancouver, Canada 🇨🇦🔥
I really need to get my LLC/ORG plans turned into reality.
Hey, wanna be part owner by investing – BIG!? LOL
He talks too fast hard to catch the info forward it to 7:55 thats what I came for
You speak a lot, yet say so little. Cause and effect. The big cities are empty.
Here in Northern California the price of building materials are waaay high. Builders would be taking a huge risk trying to sell new construction. This of course has created a huge reduction in existing homes for sale which in turn created a rise in home values… I don’t see home values dropping anytime soon.
Do as Bill Gates is doing: Buy farmland. Before he buys it all.
Excellent video!
You said whats up Graham its guys here….. I spotted it
Thank you for watching, for questions, guidance and support at any time. Just DM + 1. 8.- 4.- 3.- 3.- 2.- 1.- 8.- 4.- 6.- 3.- @ W H A T S A P……..
So will the “dam” break?
I’m going to invest in Mad Max road rage vehicles/mobile concert venues for when the crash comes
So buy with 40 year loan sell within 5-10 years make money and do it all over again 😂
Isn’t all of this due to inflation though?
Thank you for watching, for questions, guidance and support at any time. Just DM + 1. 8.- 4.- 3.- 3.- 2.- 1.- 8.- 4.- 6.- 3.- @ W H A T S A P………