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#TGIF | THANK #GOD ITS #FRIDAY! #DavidV #Housing_Forecast: EXP: Licensed #Residential Correspondent Lender – National Lender in All States—16 years | Licensed #Real_Estate_Broker in Florida, 12 years. #Home_improvement Telemarketing Industry (Supervisor) --7 years.
HERE is the #REALITY OF #RESIDENTIAL #HOME_OWNERSHIP in the USA.
#Commercial Real Estate had become a GRAVE YARD (REST IN PEACE! #RIP ).
Home sales for the last 3 years spiked 150% + above MARKET PRICE --due COVID among other financial manipulation in stock markets ( #HFT ) --which accelerated #PANIC_BUYING.
Aka #OVERCHARGING RUNNING #RAMPANT! to CUT OUT (EXCLUDE) #First_Time #Home_buyers (all home buyers for that matter) and #Millionaires?? (btw #Greedy_Billionaires don’t like to share;)
#KIDS there will be NO AFFORDABLE HOUSING for the next decade.
Now that's a #BUBBLE_BURST! imho
USA has devastated this economy so badly --that only the elites will benefit.. ..Temporarily..
#Rental Markets will SKYROCKET and #Rental_Housing will only be affordable to the wealthy (aka leasing gone wild). Average rent in #NY RIGHT NOW is $5500.00 USD and rising..
This morning; as I’m riding my bike;) I could not help but seeing Sarasota streets being FILLED up with the homeless (OUT OF STATE). In-fact sleeping in plain sight on main roads. Have not ever seen that and I am a local here IN FLORIDA.
Millennial's will suffer the most. There is no AFFORDABLE chance of home ownership in the USA.
#You are to #BLAME for that --as well.
We have tried to WARN all for the last 12 years but NO ONE LISTENED; Many just SCOFFED at #VALUABLE ADVISE. (aka #FOOLS)
NOW ITS TIME TO #PAY_THE_PIPER for not listening to the ones THAT KNOW!
#CASH_BUYERS ONLY IF BUYING AT #INFLATED MARKET PRICES --WHICH IS HIGHLY DOUBTFUL.
You cannot even get a LOAN since the #Appraised_Value SUPERSEDES well above (CMA) MARKET PRICE and that means out of pocket down payment --up to 70% will be *required at closing. The number$$$ folks simply do not MAKE GOOD BUYING SENSE –only to the desperate will buy and there will be many of those..
Wealth is changing hands.. by the Billions/TRILLIONS and going into #inept hands. That money will be foolishly spent and will be UP FOR GRABS;)..
It gets worse.. NOW combine that with #HOME_DEPOT (aka home improvement) stores CRASHING IN STOCK MARKETS --says it all.
Housing markets NOW Unaffordable. Many homeowners will spend money to improve the property and live in it until the market matches their initial investment to at LEAST BREAK EVEN--which will never happen.
Many have no clue on what to spend that money on to improve the property and its NOT a kitchen or Roof upgrade.. AND/OR PAINT JOB. Ugh!
The decline in home improvement store purchases is the biggest indicator that homeowners are --running out of money..
Personal Credit for USA has reach unprecedented amounts TOPPING a Trillion dollars --with no means of paying it back??
WORSE YET?? THERE ARE #NO_BUYERS FOR THIS #DEBT.. #Elites are buying this debt at #pennies on the #dollar..
Yesterday at closing bell more massive losses and EVERYONE #CHEERING??
Hmmmm…??
That's the elites making billions on selling debt at Pennies on the dollar ---that is why they are so #HAPPY.
Making a ton of money OFF your #MISERY AND #MORE_MISERY TO COME THAT YOU CANNOT SEE-- BUT THEY CAN.. Helloooooooo?
What is on the horizon. All real estate will go into another foreclosure craze. No one is buying debt anymore..
Housing prices will crash;)
when..??
Try to imagine hand-sized SNOWBALL rolling down a massive hill for the last 20 years. The way you build a snowman.. that snowball NOW has become MASSIVE in SIZE. Perpetuated by GREEDY Governments (Printing Money) and GREEDY Elites ( #Politicians and the alike )
The only Communistic Government now in control is NOT Cuba, China or Russia.. OH NO!
ITS THE #UNITED_STATES OF #AMERICA! (aka COMMUNISM!)
This is an #illusion of #Democracy;(
Hey, we cut our teeth under these conditions.. TGIF;) grin
#SNAP! - #WHO GOT The #POWER? (Official Video)
https://youtu.be/nm6DO_7px1I
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