A Real Estate Crash Won't Help You Buy A House (Probably)

A Real Estate Crash Won't Help You Buy A House (Probably)

4,524 View

Publish Date:
February 29, 2024
Category:
Learn Real Estate Investing
Video License
Standard License
Imported From:
Youtube

Upgrade the way you learn with Brilliant! To get started for FREE go to

Sign up for my FREE newsletter! -

Support me on Patreon -

-----

My Other Channel: @HowHistoryWorks

Svibe Multimedia Studio

Music Courtesy of: Epidemic Sound

Select Footage Courtesy of: Getty Images

For sponsorship inquiries, please contact [email protected]

Sign up for my newsletter 👈

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 #investing #finance

------

There is one big problem holding most young people back financially

If you don’t already own a home, you probably can’t afford one… and you probably can’t even afford to rent one either. If your dream is a housing crash that will level the financial playing field… then I am sorry to tell you, but that’s probably only going to make things worse… According to the real estate data firm ATTOM homes are now unaffordable for median Americans in ninety nine percent [99%] of counties they analyzed, the remaining one percent [1%] were not affordable, there just wasn’t enough data to use in their report. With statistics like these the only hope that a lot of Americans have is a market correction that will bring prices back down.

High prices aren’t good for many people, buyers can’t afford a home, renters are stuck in a market where more than ever they need roommates to afford rent and even though two thirds of Americans own their own home, high prices aren’t that great for them either. If you are one of the lucky people that own a home and you sell it for a record price, you still need to buy another home which is just going to cost you a record price leaving you no better off overall.

While you own your home you are going to pay higher property taxes and if you do sell your home to buy a new one you might have to pay capital gains. Most homes in America are now selling over the IRS’s section 121 exemption of two hundred and fifty thousand dollars [$250,000] in profit since you purchased the home. So if your home is worth a lot more than you bought it for AND you don’t want to live on the street once you sell it, the only person you have really made money for is Uncle Sam.

The only people who are really winning are those that own multiple properties in addition to their primary residence. If prices are too damn high, then the best thing you could hope for is a market crash, right? … Wrong. I am once again here to crush your dreams and tell you that a housing crash would probably only make it harder for you to buy a home for three simple reasons…

So it’s time to learn How Money Works to find out why a real estate crash probably won’t get you any closer to owning a home.

Read More
By: How Money Works
Title: A Real Estate Crash Won''t Help You Buy A House (Probably)
Sourced From: www.youtube.com/watch?v=uT0kHewjzkE



_______________
Did you miss our previous article...
https://learn-real-estate-investing-risk-free.com/learn-real-estate-investing/it-started-the-plan-to-rugpull-12000000-us-landlords