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Mortgage rates near 7%, sellers outnumbering buyers by a record amount, builders slashing prices, yet home prices are higher than a year ago for the 38th straight month?
The help for homebuyers was supposed to make homes more affordable. It just raised prices instead.
In this video, I’ll break down:
• How higher mortgage rates ended up pushing home prices up, not down.
• Why a brand-new house now costs about $25,000 less than a used one.
• Why builders cutting home prices is starting to end.
• What rising mortgage rates does to the housing market.
• Why the government’s help keeps landing in the seller’s pocket.
👉 I post everyday here:
All illustrations, visuals, and animations in this video are original and hand-drawn by a freelance artist.
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The government wouldn't allow homes to crash
How the hell does 40% of home owners not have a mortgage. I’m calling BS on that statistic— sources please
It’s not really just housing, we’ve been screwed out of! It’s everything 😊
It’s wild that we’re in a market where homeowners are essentially trapped by 3% interest rates like golden handcuffs. Not a crash, just a total gridlock.
It’s simple. Lower the price or lower the rate and people will buy again. Not build more. More housing only increases prices—we see this in high economy cities like DC. The rate lock only matters when sellers overinflate their home prices. Too many people see their homes as a get rich quick scheme or a pension fund. The only way out is to force people to build wealth in other ways. Until then, everyone will try to earn a million off their homes.
❤️🩹❤️🩹❤️🩹
Nice
Tldr: Let the new supply of houses increase to meet demand. Government policy needs to get out of the way and allow the market to satisfy the customer demand at prices they are able and willing to pay, and with no interventionism to bail them out.
https://youtu.be/P4kxMW-Ykxw?si=KclW8crF-sIyruso
Im under 40 and about to close on a 500k house with no family assistance.
Here's where a lot of assholes would normally tell you "its not hard blah blah". Well, it was. And I dont say that to beat my chest, I say that to express my rage that it took this much bullshit to afford what the average family could in the 80s with one job.
I dont just work hard, I work almost constantly. Im remotely overemployed with 4-7 jobs at a time (mix of multiple full time, part time, and contract), and often work ar least 1 in-person job (what i call an "Anchor gig".
I also dont pay any rent. I have been living mostly "van life" or on friends couches for nearly 4 years. I love camping, but even i am reaching my limit.
Most people ask me how I can do this. Its a combo of autism, Adderall, and an unyielding passion to make a better life for me and my disabled brothers. I know that in a country that puts an antivaxer in charge of HHS that thinks people with autism like me should be dead rather than exist, no one is going to save my brothers if I can't.
So thats how I've been able to beat the odds. But it doesn't feel like success. It feels like living in the victors village of the hunger games not because I earned it, but because the system killed everyone else that could have been my neighbors in another life.
This system deserves nothing but total destruction. Tear it all out, root and stem. No one should have to work this hard just to have a fucking roof over their head that doesn't belong to fucking Blackrock.
Sellers outnumbering buyers while prices still climb is the clearest sign this market runs on rates and low inventory, not on what people can actually afford.
My biggest financial blunder was not buying a house in 2009 when I was 18
My biggest financial blunder was not buying a house in 2009 when I was 18
Power is the abillity
I changed my opinion!😎
Except in California where $400k-500k homes are considered “affordable housing”
Music is awful
Almost every house post covid is 2x what it was then … makes ZERO sense and I am not F'n paying for some boomers 💩 hole that hasn't been updated in decades that they bought when people actually got paid fairly.
Great Info. Thanks
I love this ❤
Nice 👍
Honestly the scariest part is people with decent jobs still can't afford a starter home anymore.
The value of the dollar is almost totally exhausted. Pirces dont go up only the value of the dollar is going down. You cant print money tonoay your bills forever. Its a ponzi scheme
New builders make craptacular housed a money pit worthless pointless
Land, Labor, Lumber. Removing those most likely to be building housing(labor), increasing costs of (lumber) through tariffs, and overall doing nothing realistically to curb inflation(such as higher gas prices through an illegal war). Of course interest rates are going up to cover some of these costs, only increasing the difficulty. One wonders why anyone would be supporting those in the majority in charge of things when they did worse than nothing, they supported making the situation worse.
Selling out to Russia is also probably not going to help self-inflicted wounds in gas price increases.
I’m a lender and it bothers me that people really want a crash just to get cheaper prices…what they don’t realize is when 2008 happened everyone lost jobs, pension funds, savings, and it sucked. A crash in that sense would be horrible. Prices of homes can never come down IF inventory remains tight which is has because of the rate lock situation
EXCELLENT VIDEO
My biggest financial blunder was not buying a house in 2009 when I was 8
So the best thing is to keep hiding the "Self Made" tag and accept the "Mom and Dad's Gift" tag.
Sir, your script is excellent. Where do you get your topics from?
Homes should be cheaper than what they costed new. It’s inflation that is the issue.
As a Big Daddy, I feel personally attacked 😂
I mean we're devaluing the dollar like crazy at the moment with crazy inflation. Homes aren't rising in any real value, they arent even keeping up with inflation
Not buying a house earlier was a big mistake
The corporations are buyign all of our houses.
The scary part is that housing is supposed to be one of the biggest milestones of financial stability, yet for many Americans, owning a home feels further away every year. If prices stay high while wages struggle to keep up, where are first-time buyers supposed to go? And if an entire generation gets priced out of homeownership, what does that mean for the future of the American economy? I think this goes way beyond real estate.
Bro, you’re delusional. The people that are selling are those who did not get the preferable interest rates. The people are selling our people that recently brought homes and can’t afford the taxes and the insurance and the cost of ownership. The thing is, they can’t lower their prices, because if they lower their prices, they do not break even and if they do not break even they’re going to get destroyed because none of them put 20% down on their mortgages and so they’ve only been servicing the interest. They can’t afford to come out negative on a transaction that large. And that’s exactly what they’re looking at. In simple terms, they bought a pile of horse poop and they paid top dollar for it and now they realized that they got ripped off. That’s why they’re not selling. They’re just trying to make their money back. And they’re kind of screwed.