Premium Only Content

Who Will Step Up to Buy Homes in an Unaffordable Market? #investing #realestate #finance
All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind.
#realestate #finance #investing
——-
A declining number of young individuals can afford homeownership, juxtaposed with an ongoing rise in home prices. This prompts the question: if people can't afford houses, why do prices keep increasing? A family home should serve as the cornerstone of financial stability, offering shelter while accumulating equity. Opting for a thirty-year mortgage often proves more cost-effective than renting, paving the way for future financial gains.
For the 75% of my audience without homes, unaffordability likely stands as the primary barrier. Redfin's report reveals a staggering drop in affordable housing availability from 60% in 2021 to a mere 21% in 2022, marking a significant downturn in affordability.
The apparent paradox raises the question: if people can't afford homes, won't prices stagnate? Contrary to intuition, three factors suggest the situation could deteriorate further. Firstly, the real estate industry thrives even if homes aren't affordable. Saving for a down payment remains a daunting task, with wages lagging behind soaring house prices.
Zillow data highlights the stark increase in average home prices, outpacing income growth. Even with a 20% down payment, saving remains insufficient to keep pace with price inflation, leaving many struggling to afford homes. Lenders adapt by lowering down payment requirements, yet affordability remains elusive for most.
The National Association of Realtors' study underscores the diminishing average down payment for homebuyers, indicating a shifting landscape. Amidst these challenges, understanding financial principles becomes paramount to navigate the complexities of homeownership.
-
LIVE
FreshandFit
7 hours agoBrandon Carter Returns
1,522 watching -
LIVE
SpartakusLIVE
3 hours agoSpartan HERO here to MOTIVATE the MASSES
544 watching -
LIVE
MissesMaam
7 hours agoResident Evil 4 *FIRST EVER PLAYTHROUGH*💚✨
120 watching -
1:36:53
Glenn Greenwald
4 hours agoTrump Tries to End War in Ukraine; U.S. is Dangerously Low on Weapons and Munitions Former Trump DoD Official Warns | SYSTEM UPDATE #502
65.4K26 -
Barry Cunningham
3 hours agoPRESIDENT TRUMP HAS ENTERED THE END GAME AND DEMOCRATS ARE NOW IRRELEVANT!
34.1K17 -
LIVE
Jorba4
2 hours ago🔴Live-Jorba4- The Finals
191 watching -
2:27:06
Blabs Games
12 hours agoApex Legends With Josiah & Mozz
6.59K -
1:01:56
BonginoReport
5 hours agoDems Scramble To Rebrand and it’s a BIG FAIL - Nightly Scroll w/ Hayley Caronia (Ep.114)
92.5K97 -
LIVE
Eternal_Spartan
20 hours agoEternal Spartan Plays Final Fantasy 7 Remake Pt. 5 | USMC Vet | Join the Best Chat on Rumble!
58 watching -
LIVE
ZWOGs
7 hours ago🔴LIVE IN 1440p! - Kingdom Come Deliverance, Trying Off The Grid, and More! - Come Hang Out!
26 watching