Let’s talk about the housing market, why California mansions could see a drop in prices, and a new tax plan that could have an effect on everyone – Enjoy! Follow my Newsletter Here: http://grahamstephan.com/newsletter
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Here is a link containing the source material for each piece of research cited. I do my best to make my videos as accurate as I can, and the additional resources should help anyone who wants to look into them further – enjoy! https://docs.google.com/spreadsheets/d/1p9F5wyzm-aQFPzEeyRamKKnU7Mj_zLzpC5AxoT-gWMw/edit?usp=sharing
Hi, I’m from Brazil and I like your content, have you thought about exploring your channel here in Brazil with subtitled or translated videos in Portuguese? you would be really great here too.
You are highly mistaken about the Fairtax. That study you sited actually changed the language of the bill to make it work the way they though it “should” work and then released that set of numbers that (shocker!) made no sense. You’ve been fooled.
Are you still doing the yearly money made video, it was always fun. One of the few youtubers who was open about income.
Appreciate this!
That’s a lie several airlines did stock buybacks instead of investing in their systems and workforce.
your logic fails.
Fear mongering … but hey Graham as long as you get you views.😂
Typical democrat policites not understanding basic financial fundementals.
They can’t keep taking money away from the people that are lifting up the economy. Eventually, they’re just going to leave and the middle/lower class will next.
Easier correlation. People with money and brains don’t want to live in extreme Leftist communist states that are soft on crime, big on wokeness, and tax hard on small and big business dollars. 😂
Graham I just wanted to let you know I hit the like button.
In Brazil we pay like 40% on our income and also 40% on products we consume… terrible
Gee, who’d have thought that it would be impossible to sell homes when you charge 6-7 figures in a market where over 60% of the American population can’t even afford that. Maybe it’s time to greatly reduce the cost of homes, because at this point, it’s just gonna keep getting worse.
Your info sounds great, but seems to be off. Even though the LA tax hit, very few homes were put up for sale to avoid the tax. In other words, the mega-rich just shrugged it off. What wasn’t addressed is the amount of people not willing to sell due to the current interest rate difference they have versus the current rate being offered. Some areas of the country are in a normal market to slower, but higher populated areas have their own micro-economic center that generates their own sale and growth patterns. Simply put, is it a good time to buy a home? Depends where you live.
Jokes on your ass Graham, I just bought a house cash only!!!! I don’t care what the market does.
FLAT TAX ME DADDY!!!
Go buy that over price liability, not me.
New constructions in my area are at the same price if not above current prices… what’s the point of building more if prices aren’t going to change? Idk man…
Don’t buy a house in 2023? I’ll make sure not to buy it from you 😂
Wow guys, a rich person telling us higher taxes on the rich are a bad thing. I wonder if this source is biased or not 🤔
It would be nice if other states stopped shipping their homeless to California
It’s like this all over duh…blame it on Biden since he hasn’t done anything about it!!!!
The solution to buy a house over $5 million and not pay to extra California 4.5% tax is to use $50 dollar gold buffalos or eagles. Write the sale for the in terms of face value of the gold $50, the coin’s real value right now (5/20) is around $2100 each. By case law and the fact that they are denominated in $50 and valued by the Federal Government as currency means legally you only have to recognized there face value, which is $50. After you sale leave the state, which means you are no longer a resident and sale them on the market for full value.
Homes prices have been cut in half.
If the tax code is going to tax people for unrealized gains, will it refund for unrealized losses? I mean fair is fair right? Also stock buybacks are very good for companies especially if they are using TSM to activate employee options. A company should only take on projects or investments that return a positive NPV, if they don’t have any then all excess belongs with the shareholders. Buying back stocks with proceeds from options creates a smaller EPS impact of new shares and will in turn give more value to the employees. Taxing this only creates inefficiencies.
Honestly the answer is simple. tax corporations on their revenue not profit.
you just make a big noise house prices not going down. everything is going up house prices going up
everything is going off my friend
Prices are falling in the sh-t holes. Ok.
And the fear mongering continues! Look at Meet Kevin. Nobody watches his show anymore.
I love how the Marxist news media spins it 😂. They will never admit the real reason people are fleeing from California and New York- woke politics. Everything woke turns to 💩
I am not selling. with the value of the Dollar tanking if I sell I could not buy half what I have.
“What’s up Graham, it’s guys here”. love it 🙂
Houses costing 300k plus waaay out of town is impossible
what about 2024 or 2025
could be a good opportunity – we’ll see!
@@GrahamStephan I hope so! that’s when I plan to move…
Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighborhood that cost around $450k in sales in 2019 are now going for $800 to $950k. Every seller in my neighborhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.
Personally, I can connect to that. When I began working with “Christine Jane Mclean,” a fiduciary financial counsellor, my advantages were certain. In these circumstances, I would always advise getting professional help so they can steer you through choppy markets and just give you indicators and strategies for knowing when to enter and exit the market.
@@HarrietBemish I’d be glad to get the help of one, but just how can one spot a reputable one? How did you spot this Christine ?
There are advisors in cities around you but I needed services of one who can guide me irrespective of location. Christine Jane Mclean” comes highly recommended especially in times like this. I am hedging and haven’t lost much to the recession. I found her in 2020 when the market was at an all time low. Look her up and thank me later.
@@HarrietBemish Interesting. I am on her page now doing my due diligence. She seems proficient. I wrote her an email and scheduled a phone call. How long do you think it will take before she replies?
But we need deflation in the housing sector, not across the entire economy. Each part of our economy has its own issues and specific characteristics.
What if the government takes a pay cut. No more life salary payments
The same old mantra that reducing taxes for the rich will make economy better. The history has proven an opposite! The best years of this country were when rich were paying 50% tax rate in 50s. Middle class spends the money and promotes economy growth. Rich will NEVER invest in new production if there is nobody to consume. Indeed, Graham understands that, but he will never tell you the truth! And the shares buybacks were illegal at those times! But again why would Graham tell you about that… he is a product of the current casino style economy…
To be clear – I do not support food stamps or Medicaid for unemployed healthy people or for those on social programs that use drugs! I am not a socialist either.
“What’s up Graham, it’s guys here” ?????
The Great Pyramid putting everything on our children shoulders is crumbling under the weight of debt. New federal reserve requirements of deregulation allow Banks to create $350 for $1 deposit unlike the $10 of traditional days gone long gone. So much debt backed up by debt makes it hard to pay the interest. The good news in all of this is no matter how bad it gets the bankers will go home with billions to invest in foreclosed properties for pennies on the dollar.
Take his advice with a bucket of salt. He got good research, but he is not trustworthy. He became rich by convincing you to beleive whatever his sponsors want you to beleive. Look at FTX
This is what overreaching government does.
I think a higher tax on cigarettes. Liquor candy, fast food All junk food would be a great start.
“It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.”- Adam Smith, The Wealth of Nations 1776
Was weird when you referred to me by my name
I am so sick of getting money taken from MY paycheck to pay for the government wasting all of their money
Real Estate provides cashflow, tax benefits, equity building, competitive risk-adjusted returns, and inflation protection on its own. Whether you invest in physical properties or REITs, real estate may help you diversify your portfolio and reduce volatility. Dividends are what got me into investing in REITs, great way to secure the accumulate wealth, I hold AMT, CCI & PSA. $290k in profits made in 2022.
Consistently investing in high quality dividend paying REITs & companies over the long term is a relatively easy strategy to create generational wealth. My “boring” REITs portfolio paid me over $4,000 in dividends last month.
It’s time to make high value games! Discounted dividend stocks. Ever grateful to my CFP “Catherine Morrison Evan’’ I now have a six-figure REIT portfolio, which includes, but is not limited to; AMT, SPG & PSA…. I now have 606 shares of AMT which pays dividends of $3800 per year.
@@martingiavarini I want to play the long term game with well diversified fund. Please how can i reach this CFP of yours?
@@lipglosskitten2610 Thanks for this tip. Her website popped up on the first page immediately I searched her, I read through her resume and it seems pretty tight. So, I dropped a message & hopefully she replies soon.
Ok we hear you…. The rich and corporations should pay their fair share…. But will only do it in the dumbest way possible.
Flat take 15% across the board for everyone
Lets go brandon
Didnt need to tell me, I’ll never afford to buy a house anyways 🤷
If you make that much money… buyers might complain but will buy that mansion by the ocean. California is still the place to have a house/ mansion for the wealthy even if they don’t live in it year round
I think its safe to say that we are in a recession
Stop 🛑 putting fear into people🤬 you should be in jail for promoting FTX. Don’t think people forgot about that
What I have learnt about YouTube. Never listen to influencers, if you can afford a house get on the ladder. Thank me later.
This is not aging well ….
No politician from any party talks about auditing governmental departments and cutting waste. No no no! That is an establishment taboo! They are all criminals like “the big guy”.
California is a lost state. Their socialist policies and culture run too deep. It will never get fixed. We might as well kick them out of the union at this point. It’s the only solution.
The effects of the downturn are beginning to sink in. People are being impacted by the long-term decline in property prices and the housing market. I recently sold my house in the Sacramento area, and I want to invest my lump-sum profit in the stock market before prices start to rise again. Is now the right moment to buy, or not?
Stocks with yields that outperform the market should be on your radar, as should shares that at least lag the market over the long term. But if you want a long-term strategy that works, I advise you to consult a broker or financial advisor.
Don’t depend your market assessments and decisions on hearsay and rumors; I did it in 2020 and ended up with worthless market holdings. Before I started noticing any notable improvements in my portfolio, and I had to completely rebuild it. I’ve been using the same advisor ever then, and in just two years I’ve scaled up to $876k. Depending on where you look, a bullish or down market might both produce good profits.
@@tudorrwilson Impressive can you share more info?
@@RobertCooper03 My Financial adviser is ‘’Christine Jane Mclean’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
@@tudorrwilson Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
Always love listening to you spit knowledge!
Terribly titled video. I had to double check if I was watching a video about housing prices or tax policy.
Did no one else notice he said “What’s up Graham? It’s guys here.” 😂
😂
Ha! We just did. Got it for a great price and under an odd circumstance. Still took over a year of legal battles to get it (deed was already in partner’s name but mortgage was in another person’s name who wasn’t even paying, but I was). $30k for a decent house with a large entertainment room. I’m in!
This guy seems to think he can solve California’s homelessness.
The federal government spends outrageous sums on entitlement programs and the military, then inflates the currency to pay for it. But the outrageous sums are not tied to results, so people individually still spend heavily of what’s left after taxes to get the real thing. I look forward to a day when there are no more federal programs, the inflatable dollar has been replaced by something like bitcoin, and we stop this madness.
Annual “10% of all asset’s tax” this will exclude debts into calculations
if the ‘rule makers’ continue to try and disenfranchise the poor, the homeless and minorities this spiral will continue. STOP STEPPING ON PEOPLES NECK CAUSE U DONT WANT THEM TO EAT AT THE BUFFET. CAUSE YOUR GOING TO PAY FOR IT ONE WAY OR ANOTHER.
This is whats making me doubt buying a home especially in Los Angeles
I used to hate watching your videos but after seeing how smart you actually are I’ve completely changed my mind lol
ENOUGH WITH FEAR-MONGERING GRAHAM!
this sounds just as boring as an old statistics class in high school. bunch of mumbo jumbo and BS!
Get out🤦♂️🤦♂️🤦♂️🤦♂️🤦♂️🤦♂️🤦♂️
You quoted the tax foundation for what a 28% corporate tax would do? Come on dude. If you’re gonna get into that we need to make a whole video explaining corporate tax rate and back up the facts. You just briefly grazed the balls of something very important.
Are you sure this isn’t just a video of your opinion on tax reform?
New york will required the rental market to drop another 80% for average new yorkers wages .
No one should to work 80 hours per weeks just to avoid homelessness.
No one should to work 80 hours week and give 90% just for housing.
Please , let create millions of construction jobs and build millions affordable rental units
I believe that investors in NY and CA are the reason that regular people can’t find a home at a reasonable price. Maybe disincentivizing investors to come here will help balance the playing field. Im tired of renting, but I can’t find a reasonably priced house because investors have bought them all. Am I wrong?
Im Just thinking.
collapse it, buy it, fix it, sell/rent it.
People getting eaten alive by property taxes. 😁
Condo is more appropriate for my living style. Houses are just not reasonable over here
Another thing that’s happening is for all the programmers that have expensive houses… They don’t really need them anymore…. they can leave California and work somewhere else if they work remote…. and they can go purchase a tiny home in Mississippi if they really want to…
Get out of California while you can.
What’s up Gram it’s guys here??????
Whats up Graham, Guys here?
The ridiculous expectation that government will solve your problems is at the root of all this. Smaller government. Less spending- in every facet of government. Also stop instigating and funding foreign wars.
Maybe California needs to loose those $5 million buying home people and reduce their tax expenses. I really don’t see how keeping things the same will help people afford a home and avoid homelessness, higher taxes might not be the solution but we have to try something
Why do you constantly flap your arms?
Vote republican next year 🎉
Because they chose to move to Florida they have officially hurt Florida’s economy!! People that have been in Florida for decades can’t even afford to live here anymore
I think a housing crash will happen because all those people who bought homes over asking price, although it was at a low interest rate, they are over their heads. They have no equity if the housing prices continue to go down, and if for whatever reason they cannot afford the house anymore and it goes into foreclosure because even if they try to sell, they will not make any money. I think this will happen to a lot of people especially with the massive layoff predicted for the future and the cost of living rising at a high speed.
For 2023, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
You are right! I diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.
Do you mind sharing info on the adviser who assisted you? been saving for pension since age 18 – company scheme. along the way I hit higher tax, so I added to my company pension with a SIPP (tax benefits) I’m 50 now and would love to grow my finance more aggressively, there are a few cars I still wish to drive, a few mega holidays.
My advisor is ‘’Catherine Morrison Evans’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
Raise your kids right… raise them conservative.
Rethink that there is “not a unrealized gain tax”, isn’t that the way property taxes are done now. You are reassessed each year on the potential value of your house based on current market and you are paying taxes on that amount. So the majority of americans are paying tax on that unrealized gain, which is majority of population is the middle and lower income which is one of their largest investments, so they are being taxed in that way but based on the type of investment others are not. Poke some holes in that.
As a new first time homeowner, I really hope that the mortgage rates come down so I can refinance. Even at 6.5% im still probably doing better then had I continued renting since the rental market in my area is very expensive.
Vote for me I have a plan to eliminate the national debt in three years and everyone would pay at least 10% less in taxes
What kind of car is that in the background?
” 0:13 what’s up gram, it’s guys here???” Uhhh
not where i live in so cal
The tax is doing it’s job. It’s job is to clear out people in California. The rich that don’t sell their house stays, the ones that leave pay for it and the ones that can’t afford to move stay. But most people are moving, causing the homeless to mirage with the population. The tax is doing it’s job
I predict a housing crash due to people buying homes over asking price, lacking equity if prices decline further. Foreclosure becomes likely if they can’t afford the house, and selling won’t yield profits. With anticipated layoffs and rising living costs, many individuals may face this situation.
I suggest you offset your real estate and get into stocks, A recession as bad as it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too.
You are right! I’ve diversified my portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.
@@MarkFreeman-xi3rk Do you mind sharing info on the adviser who assisted you?
Renowned for her proficiency and expertise in the financial market, “Margaret Johnson Arndt” my financial advisor, holds a broad understanding of portfolio diversification and is recognized as an authority in this domain.
She actually appears to be well-educated and vast. I just did a Google search for her name and found her webpage, I appreciate you sharing
It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.
Throughout the past three years, I’ve been collaborating with an investment coach who has been offering daily advice on my investment choices. Thanks to their expert analysis, I’ve achieved gains exceeding 850k. Their valuable insights have enabled me to steer clear of losses and seize opportunities within the market, particularly during periods of market decline.
That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?
renowned for her proficiency and expertise in the financial market, ”Margaret Johnson Arndt’’ my financial advisor, holds a broad understanding of portfolio diversification and is recognized as an authority in this domain.
I appreciate this. After entering her full name into my search bar, her professional web page surfaced as the top result. Her impressive qualifications undoubtedly speak volumes about her expertise
0:00: 🏠 Housing market prices are both crashing and surging at the same time, with California being hit the hardest.
3:04: 🏡 The implementation of an additional transfer tax on high-end properties in Los Angeles is expected to negatively impact the high-end property market and potentially result in more people leaving California.
7:21: 💰 A proposal to raise taxes in the United States could have various effects on the economy and individuals.
9:23: 📊 The proposal discusses various tax plans, including taxing unrealized capital gains, increasing the Affordable Care Act tax, closing loopholes, and quadrupling the stock buyback tax.
12:47: 📉 The proposal for a flat tax on consumption instead of income tax is deemed impractical and would likely lead to higher costs for everyone.
Recap by Tammy AI
You put out so much click-bait content.
What’s up Graham, it’s guys here 😂 0:11
so graham, are you reading these articles right out of a tele prompter? this clearly isn’t you speaking free hand with all these stats, figures and calculation?
Republicans like me love to complain about how the government is corrupt. That corruption stems directly from the rich buying off our politicians with legalized bribes. There are two possible solutions to this problem. We can tax the rich … or … we can eat the rich. Pay your taxes Graham. 🍽️
I’m 45 and I have about $250k liquid in savings which I plan to put towards becoming a homeowner but based on the current high prices on real estate, do you suggest I hold from buying or do stocks for now?
investors are extra cautious right now. They want to make sure they’re getting a good deal given how much mortgage payments have gone up, and when they don’t feel like they’re getting a good deal, they’re backing out, so definitely looking elsewhere is a necessity
Agreed, instead of panic or following a hearsay, I simply adopted the service of an advisor early 2020 amid covid-outbreak, and so far, I’ve attained my most measurable financial milestone of $650k after subsequent investments.
How do I find this financial counselor ?
‘Nicole Desiree Simon is the CFP that guides me, her reputation precedes the exemplary service she offers, and I’d gladly commend her on a public post, you can locate her if you are internet-savvy.
Thank you for this, I must say, Nicole appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call