Here is my response to Dave Ramsey and The 2022 Real Estate Market – Enjoy! Original video here: https://youtu.be/fORUvZNm3oo – Add me on Instagram: GPStephan
GET YOUR FREE STOCK WORTH UP TO $1000 ON PUBLIC & READ MY THOUGHTS ON THE MARKET – USE CODE GRAHAM: http://www.public.com/graham
Trade Bitcoin, Doge, and other crypto with low fees on FTX. Use my referral code GRAHAM and get up to $100 FOR FREE: https://ftx.us/partners/graham
NEW BANKROLL COFFEE NOW FOR SALE: http://www.bankrollcoffee.com
GET MY WEEKLY EMAIL MARKET RECAP NEWSLETTER: http://grahamstephan.com/newsletter
THE NEW PODCAST: https://www.youtube.com/channel/UCMSYZVlQmyG8_2MkIKzg0kw
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://the-real-estate-agent-academy.teachable.com/p/the-youtube-creator-academy/?product_id=1010756&coupon_code=100OFF – $100 OFF WITH CODE 100OFF
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/
I’d love for you to react to videos about Tori Dunlap/Her First 100k. She’s amazing!
The puppy photo really sold it for me
It’s just a matter of how much the market will crash on my opinion
And you don’t think the population decreasing will have anything to do with the prices of real estate decreasing? Not long from now boomers will be aging into condos and assisted living. I suppose mellinials might fill the void. Just a thought.
OMG yes I saw about 14 min of that ugh
To simplify this video. The only way young people in their 20s will be able to compete with people in older generations is to find a sugar momma or sugar daddy
That’s what people said when I was in my 20’s… Gen X, and I worked hard to make my way. It was a huge amount of effort spread across 20 years. I made it, and many of the others I grew up with did as well.
Any one claiming home prices increases , I ask how many are you ready to purchase this month . Advice always seems to be to others .there will be huge reduction in prices because complete plummeting of demand . Why buy now if it’s going to reduce .
House price: $350,000
Me: I’ll give you $295,000
Seller: Offer Accepted
NO COFFEE HR TODAY SUNDAY ☹️☹️☹️☹️☹️
Core logic is a huge third party wire service that helps banks transfer money for property taxes.
Great video-
The cure for high prices is higher prices.
The Market has been pretty bad. Everybody is Practically Crying. It keeps dipping. That’s what you get when you feel you can navigate the process in your own. Big thanks to Mrs eva heather . I’m not bothered with how bad the market is because my assests are insured due to her advice and I still receive my profits >
@Santigodeigo You can reach her on Tele
gram with her username
Tradewithevaheather, that’s it
Just checked her out now. She’s Licenced with credible results. Thanks for the Info.
Thanks for the recommendation i have been trading by myself for long and have been making alot of losses I’ll surely give her a try right away
Dave treats his audience as idiots, I’m not a big fan.
I hit the thumbs up and I also love the Dogecoin picture thank you
I agree. However there will be a major correction in the housing market. But it will not be equal across all markets.
You’re missing the whole point. Wages aren’t keeping up with inflation. I couldn’t afford a house in 2018. I can’t afford a house today.
Except that’s your situation and just one tiny part of the whole picture and it’s not the situation for everyone. Houses are still selling so that means someone out there is paying for them.
Well with the shrinking middle class and having the wage gap increase so much between economic classes it is difficult for the average person to buy a house. So most are stuck with paying rent for the rest of their lives.
@Alina Levakova Not true, 65% of Americans own homes.
That means your renting. Your rent is paying someone’s mortgage who may have purchased in 2018.
Just buy a house 30 years ago, brah.
I feel like Graham is baiting Dave Ramsey into inviting him onto the show ……
Markets will only collapse if thaya what congress wants otherwise prices will continue to skyrocket.
Ramsey lost me at ‘all debt is a sin’. I can’t buy a house by trading goats or whatever they did in the Bible.
The issue everyone is ignoring is the demographics. Yes Millennials are a large generation, but Gen Z is tiny. So as the boomers die you will see housing into a market with a shrinking population. Well that population of people that are able to afford a boomers house.
ALMIGHTY’S ANSWER:
Rapture of Believers! Maybe, This Year?
Commies/Russia/China/Democrats/Rinos Destroy Themselves & The Planet
RETURN of Believers with Messiah to a ‘Renewed’ Planet
Hahaha 🤣 Christine Quinn SS S6!!! Can’t wait
Great work
“Whats be guys here?” What did his intro say??
Think Dave is conflating demand with desire. Meaning: many families may desire to buy a home 🏡 but not be able to qualify or afford a home; this translates to a lower market demand for sellers. It’s almost like Dave has completely ignored the idea that families will rent, consolidate (more than one family in a home). Also don’t like that he ignores the wage stagnation in the biggest regional bubble markets.
Once you know to look at incomes, you kinda realize of course there will be a housing market correction.
Sellers become buyers. Supply and demand is still a problem
I sold one of my crappy rental properties last week above asking price in less than 30 days. Don’t buy the hype about a housing crisis.
Why did you let that crap go?? 😁😁
Again, i applaud graham for not riding the wave of everyone hopes and dream of the real estate market collapsing and instead giving a logical honest analysis of the market.
Graham, your still one of the very few top YouTubers who has stay consistent with your views despite of it being unpopular to the majority. Please dont change 👍!!
How? He completely ignore the fact that most people cannot afford these houses… didn’t even mention the all time low mortgage applications and the huge price cuts that are taking place… not to mention foreclosures that is around the corner.
@Thedesignatedwarrior it won’t be another 2008 like people are projecting given the circumstances that made the collapse happen in 2008 with over leveraging short term loans is capped now.
@AlisterS I think you completely miss the point. There are more than one single factor that can cause collapses, loose lending practices are just one factor out of many. The excess speculative demand we are seeing today is a factor in and of itself that could cause a crash if investors head to sell their properties to not take the loss if they see prices diving. That factor alone is enough to spiral out of control if price drops are high enough since we are in the midst of the highest speculative demand in decades. This kind of selling pressure is a self-reinforcing mechanism. Years of 20% increases in price are the single most bloody obvious factor of a housing bubble, wages for normal buyers simply do not increase by that much which means most of this is speculative.
im calling it- in the us the biggest driver of this recession/ depression will be when those strange “all cash” loans that people were getting to buy homes get laid under the lime light and we see what a bizarre and broken financial instrument it is and the highest levels.
I was wondering about these and how they are backed.
im not so sure that millennials are really buying as many homes as people claim. im also not sure that in the last two years any millennials have actually been able to afford the homes they have been buying…
Everything is all and good.All these equations and statistics. The difference here is people are disappearing.I was listening to an interview on rumble where a mortician said starting around Jan 2021 he was embalming one hundred more peeps then in any previous year.Normal for him was around 30 a month.For over 20 years.And it has not let up.He also has colleagues that are reporting the same situation.Probate cases are through the roof.Not sure why.
a perfectly out of touch video from a guy living in a place that is literally about to have no water. cudos.
One day we will get chapters
Issue with the idea of demand, is if people can’t buy the item, then the company selling the item will loose money while holding onto the item. Demand does not overcome affordability.
One of the biggest problems with having huge equity in people’s homes is that yeah, you can sell your house, but you can’t buy another house where you live. It’s a different kind of being locked in. Unless you are selling and leaving for the countryside, you are still stuck in your house just as if it was underwater.
And the beauty is you don’t need to put 20% down if it will be your primary residence for at least a year.
That’s a weird connection. A low to no house payment is the best freedom one can have.
The countryside ain’t cheap any longer. Every piece of land is ridiculous right now
@William Kirby yeah. True.
Boom! This right here is the reality for most homeowners.
one of the best videos I have watched today… thanks….
My belief is that there won’t be a crash in the hosing market until the real depression/recession/stagflation hits.
You gotta watch business basics Chinas mortgage crisis please talk about it.
Chinese investors have defaulted over 300 billion dollars of loans. What’s worse people are paying for houses that aren’t even built.
My husband and I are both in our 30’s, military veterans, college graduates with great jobs and STILL cannot afford a home in our state. We don’t even want anything fancy, just a 3bd/2bath with a garage and basement. Can’t find that under $450k. We have no choice right now but to just rent a small apartment. It’s so disheartening. Really hoping things change soon.
My wife and I are in the same boat.
You’re underpaid or it’s time to move out of your state.
This whole video to say, “Well I’m somewhere in the middle”
Why do we conflate a “market drop” with a “market collapse”? They are quite different after all.
Dave Ramsey did not predict the crash in 2008, so I have no faith that he will correctly predict anything now. Further, he is heavily involved in the real estate market, so it would be quite foolish of him to spook buyers when it will affect his bottom line.
I think the interest rates increasing during a recession is important, but it only got one sentence in all this data. Home transaction price/value stats can increase when people can access the capital and credit to buy. The income to home value ratio is much more important in this environment, it seems low or inverted because salaries are not matching.
The market will correct itself, roughly, or we could use policy to make it gentle. I think this leads to sales cooling and prices falling. But what we can’t keep doing is kicking the can down the road and faking prosperity
The market is gonna crash like a rock and I can’t wait. Ill be watching from the sidelines and when its time, I’m gonna stroll over to the ruins and pick the bones!
People have been saying this since 2016
Well BlackRock certainly is evil but I guess that’s beside the point…
Graham, as a Gen-Xer, love seeing millennials like you being successful and helping to educate us all using hard data. Highly recommend checking out the Reventure Consulting YouTube page. Would be great to see you and Nick have a discussion about the data and both of your interpretations. Maybe on Iced Coffee Hour?
Our house is paid off, let the value crash 50% maybe then my taxes will go down.
0:15 Lmao, not Graham referencing Selling Sunset 💀
I miss seeing him in the background of that show though
Come next year I wont be able to afford my home because my fix rate mortgage will go from 1.4% to 5.4%. I defiantly will have to sell.
Why did you not opt for a 30yr fixed
@kingalainc1 we only have fixed for five years max in Canada.
@Leg Ham I understand, yikes
Dave Ramsey is in bed with big index fund companies and mutual fund companies and REITs. He also has always touted to throw money into these funds. He has big incentives to prop up markets.
Rice’n beans!!!
What could ever go wrong with telling ALL THE kids to go to college and not trade school
Sky high housing pricing
Is there something wrong with your arms?
helps retention
All I have to do is repeat him.
Listening to him talk about the housing market is like listening to a stock broker trying to sell you stock before the market collapse. Conflict of interest?
Wouldn’t he want us out of the stock market then to decrease competition and demand?
@Gabriel Glenn This makes no sense. On the contrary, demand is what pushes prices higher, if you own things, you want the most demand possible for said thing to make the most money from selling it. You only want the least demand when *you* buy.
Real estate will see a small adjustment. Nothing else.
most likely!
Depends on where you live and a lot of other factors. A lot of carpenters who were in the trade of building houses in 2008 got out and found something else to do for work instead. This left a shortage of skilled workers which we’re seeing now for new construction. They can’t keep up with the demand which has pushed up price on existing homes. Even painters want $50 hr now because there aren’t enough of them and people are willing to pay it. The housing market may soften because of a recession but it won’t collapse. The demand and growth in population will always be there. People need somewhere to live.
The reason why there’s so little homee for sale is bc people like Dave Ramsey have a portfolio of 100s of millions of dollars in real estate. Making more ppl renters. So this then makes a self fulfilling prophecy for them bc less ppl can afford to buy so they rent and so on and so on
The housing Market has to even out eventually..the free money and the advantages of retrieving 401k money from the 401k without penalties made the housing market explode..We are going back to the times where millenniums where not purchasing single family homes before the pandemic…they don’t want to maintain such properties..they want everything done for them for a price.. cutting grass, cleaning pools, cleaning a house.. etc.. the only thing that changed that way of thinking and actions was the pandemic..wait until October.. it will all go down.
When you say building more are you talking about building more affordable apartments that would allow low-income earners to enter real estate or continue what appears to be more focus on so called “luxury apartment”?
Not gonna lie this stands out as one of the real reasons Graham is the Fin Youtube channel to watch. sometimes they all mush together and feel similar but a lot of the other ones are so one sided. I liked the jaspri Guy or whatever his name was for all the info but jesus every single damn video is just the worlds over never sees any other side. This is just a solid Good information closest to non bias ive seen lately in this space.
Inventory is a byproduct of rates. This will be the biggest crash in our lifetime.
People focus on supply, but I think it’s all about demand. I keep coming back to it. Supply didn’t change overnight in 2020-21, demand did due to the lowest rates in history and questionable stimulus like those PPP loans.
Destroy the demand with rate hikes and prices will respond.
home price will go up and down, depending on where you live.
So discouraging
Graham, this felt like you returned to what made your videos great in 2019 and 2020. More of this content!
‘Why does he love his hands so much?’ 😂 I can’t.
More adus and no more street parking.
Problem solved.
Brilliant!!
Too early to tell at this point. Yet all across the area I live there is no new holes being dug. Plus more new for sale signs going up. Takes months or years to see what effects will take place.
Dude Barry Habib at @mbshighway has been showing the demographic / inventory angle for years. Daves graphics also look just like his.
Limited inventory? Inventory in Vegas is exploding.
You get a like just for not drowning me with an advertisement
Use this a button to confirm that Black Rock is indeed evil
I am losing confidence in your credibility. You keep changing your story. Not longer ago you kept releasing videos about an upcoming real estate crush. Now you think there will be a leveling off instead? At least people like Dave Ramsey are consistant. I was on the fence, but now I’m convinced to stop watching your channel
Dave Ramsey? Why would you quote or hold stock on anything he says – hold no mortgage? Pay off everything? Then you have no tax advantage
Do you believe Air B&B is also responsible for the real estate shortage? So many more houses now are being used as investments.
I think the market will just fix itself won’t be a crash like 2008, back then we build too many homes and a lot of people were losing their homes from unethical loans. Nothing like now
Please chill with the body movements. Jesus I think I’m gonna have a seizure.
Is that a Ford GT in your office? I feel belittled 😂
The gap between the median income and the median price of the average home only expands with financing “creativity” from bankers who spend cash bonuses tied to closing or packaging fees. Every housing boom ends with the gap moving rapidly back to trend values tied to “plain vanilla ” financial terms regardless of perceived shortage. Your actual equity cushion only lasts if nobody next door is forced sell below your “faith-based” valuation. If an investor has to liquidate a portfolio it may vaporize overnight
Here’s a picture of a puppy 🤣🤣
Steve Eisman is pro real state and down here in Fl doesn’t appear to be slowing down yet.
Hey Graham… why not trigger the reciprocity impulse by showing the puppy before the ask? Returning the favor is one of the oldest urges in the human mind (no I’m not selling anything)
Agreed with all your points. Nice Zenith watch btw 😉
You sound like phineas from Disney
A Youtuber who cannot take the time to reply to any of your comments is just looking for dumb subcribers that will line their pockets up with every view. Wake up people, you are making ignorant people millionaires while you are still struggling to make it.
I only got one mid-roll ad, I think YouTube is broken. All kidding aside, great video!
Don’t fight the Fed my good friends….. don’t fight the Fed.
*Irvine, CA Housing Prices Crater 10% YOY As Appraisal Fraud Surfaces Across Southern California*
Homes in a healthy market sell between 3-5x median household income. In Denver, which has seen housing prices skyrocket in the past decade… they still fell between 3-5x median income. That is until 2021.
In Phoenix, home of the eternal boom and bust a healthy happy market was between 3-5x median income, after the crash they got down to 2x. They were fair market value all they way until… you guessed it, 2021. Today Phoenix is at 8.5x median household income. Some markets are in major bubbles, some, like Des Moines, are not. It’s all local but the fact is Phoenix, Austin, Las Vegas, all of the inland empire and Boise among others, are going to crash. Or correct to 2020 levels. Whatever way you spin it. 40% drop.
Too many commercials
Graham the man! Been following for years! Greatly appreciate all your advices over the years. Very helpful
Do you think now is the time to purchase a home?
“Once a ben, guys!”
Graham is the best!
The like button thank you pictures work on me every time.
Liked!
Dave Ramsey is a fool. He owns multiple millions in whole life yet teaches us not to buy it…