Housing Market COLLAPSE: 56,000 Contracts Canceled

If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you... prevent inflation

The dramatic increase of homeowner insurance premiums is diabolical! Maybe the U.S. should also stop allowing foreign real estate investments for homes.

Real estate can be quite a rollercoaster, the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate my entire $700k liquidity value to my stock portfolio or just stay 100% cash?

I don’t even want a big space, I just want a space for me, my friend, and a cat.

I'm hoping for a housing crisis so I can buy properties cheaply when I sell a few houses in 2025, but as a backup plan, I've been considering purchasing stocks; what advice do you have for choosing the best buying time given that I read about trading earnings exceeding $500k each week, yet also hear that the market is out of control and experiencing a dead cat bounce—why does this discrepancy occur?

I dont understand why we are now all of a sudden suprised "home prices are way to high" they have been too high for atleast 3 4 years now

“Backing out over minor issues” BS!! Sellers are insane and insist on “as is” in this market for major problems because they’ve been getting away with it. I recently cancelled a contract when the seller refused to fix a septic system that inspection revealed had major problems. I’m not buying a house with an inoperative septic system. Either fix it or reduce the price. Seller refused, so I said bye bye. So sick of sellers preying on buyer desperation. Not me, back to the sidelines for me.

I cancelled 2 offers this summer. The house orice is too high, the cost of the money im borrowing is too high, and the cost of the repairs uncovered during inspection was the fiinal straw.

Houses are too expensive and people are finally unable to make do? Who could’ve seen this coming.

I’m disgusted with the housing market. We are a young couple with good incomes and we can’t afford to buy a house. I refuse to spend my hard earned money on a house that is ridiculously overpriced

We keep talking about high home prices and inventory, but the greedy insurance companies raising their premiums and greedy townships raising their taxes without offering more services play a large part in making homes unaffordable -- especially after they are purchased! I bought a small house in South Jersey 2.5 years ago (paid way too much because of the market), and both my insurance and taxes have skyrocketed since then!

I don't want to participate in the bubble economy where property appraisers and assessors have their BIG hands on the cookie jar.

A big problem with the cost of home is the people brokering the deal making 20,30,40k for doing a whole lot of nothing. This isn't 1980 anymore. No one is being driven around by a realtor to see homes. Everyone is looking online. I am discussed by my last home selling instantly and the guy who got the listing making $30k for doing a few hours of work. Zillow should have changed the market and charged 1% flat rate across the board.

I'm eagerly anticipating a potential housing crisis to make affordable purchases after selling some properties in 2025. I'm also thinking about investing in stocks as a backup plan. Any advice on the best timing for these investments? I've seen substantial trading profits, but there are worries about the market's instability and the possibility of a dead cat bounce. Can you explain why this market phenomenon happens?

People are also getting home inspections again and realizing they are about to pay top dollar for a broken house.

I am in Houston Texas. I terminated a contract in July. Starter home 3b 2b 1800sqft. Nothing crazy. The sellers home needed estimated 25-30k dollars in repairs. Yes it was an older home,1978, and when looking I understand most older homes will have issues but this one had the main 5. Foundation, roof, plumbing, HVAC, and electrical. Original owner did a lot of DIY that was not up to code and was going to cost us more than expected and delayed us from moving in. The issue is asking price. We all know we shoot for the stars to get the most out of a sale but it’s not like this house is made of gold. Sellers need to be more realistic. It’s not peak covid anymore that time has passed.

We as home owners have to stand up to them if we refuse to buy they will drop the price if we continue to buy houses with these prices they will keep going up

Wow we just bought a house. We shopped a lot and actually cancelled 3 or 4 contracts on different homes before actually closing. Listening to your channel made us rethink getting a home with an HOA. We bought one WITHOUT and HOA. I have learned a lot from listening to you. Thank you!

I’ve never bought a home nor do I ever plan on buying a home America has out priced Americans beyond all belief😅

The PARTY IS OVER and all the realtors, sellers, and buyers will all come to this rude awakening in the months to come. You can already see the inventory starting to build and sales declining. Soon the sellers will see that they either lower there prices, or sit on their priceless home for a long time.