Here's what 2025 will bring for the housing market

During the financial housing market crisis of 2007-2008, the value of my home, which was $250,000, decreased by $98,000. The U.S. government bailed out the banks, but the programs offered by lenders to homeowners were limited. One option was to reduce monthly payments by $200, only to have that amount added back to the mortgage principal. This often led homeowners to walk away from their properties.

In 2012, I filed for a deed in lieu of foreclosure with my lender and applied for a keys-for-cash program. I received over $3,000 from the lender to help with my move. The approval process took about three weeks. Losing my home was devastating, and my credit score suffered as a result. This difficult experience motivated me to avoid taking on a mortgage again.

Later, the lender sold the home for $140,000 just a few months after I moved out. They could have refinanced my mortgage based on the property's value of $152,000 which I asked for and was denied. Additionally, they reported a loss of $98,000 for their financial records.

Instead, I focused on saving my money. By 2012, I had saved $40,000, which I pulled from my 401(k). I used that money to purchase a foreclosure condo, which I successfully negotiated for $33,000. I feel incredibly fortunate not to have a mortgage. As of today, the value of my condo is approximately $199,000, according to the city assessor's office. Keep in mind that banks/lenders are all about making money. I hope my story inspires people in situations like this.

Home values are declining in every state.

You know what really sucks about it. It has as much integrity as the financing. It’s treated the same as bitcoin. You know rfk talks about our food. The food doesn’t have integrity. McDonald’s and everyone turn food into crap. Grandma used to cook with integrity. Now the food is crap. The housing is exactly like food. It’s crap. They do the work without integrity. Business school and computer dork school don’t know what that is. That’s why they go there. They want inflated grades. In stuff like art or education in general you’re supposed to have integrity. It’s based on honor code or system. How much effort you put into exams for example and making sure it’s your own work is human judgement that is not scientific. Americans are whores at everything they do.

That’s why in Europe they have protected foods like Parma ham. Or they are trying to protect truffles from the Chinese. The fact that they have to do that is crazy and it means that your garbage people. That’s also the cultural difference between Japanese and Chinese. Japs are known to have more integrity.

It is easy for agents and owners to raise prices when interest is low but it's difficult to lower prices when interest is high .. and these two things have an inverse relationship and proportional. They are proportional and inversely related because lenders are willing to give you a loan For any amount as long as your monthly income will allow it and that is based on your monthly debt to income ratio. They could not give a rat's behind Whether you can afford the house over a 30 year. ge duration. Because they're going to get 20% down Or else you have to put up insurance for that down payment. So they're going to get their money if you default because they'll take your house and you won't get your equity back and they'll sell it to their friend for under market value that's why you put down an extra 20%. But anyway! Haha

For a news company your audio is garbage.

So why are rates still increasing? What forces are keeping them from coming down?

Wealthy families aren’t really immune to high cost of borrowing money. Cuz demand comes from a combination of families of all income.
Buying home as investment must care about the capital gain over years; if more people are opt out for the demand, it doesn’t make sense too for top players to move their money in this type of assets.

Pain will happen. Nothing goes up forever because of fake money

Nothing new 😂

I thought it was just a supply issue?

Everybody is rich and can afford these homes we just need more of them. 🥴

All in to no load index fund and forget for next 30 years. Keep working on your skills.

What happened to the Trump rally?

13% undocumented workers. Yeah Right. Is the workforce only 20% total?

I'm favoured over $100k every 4 weeks thanks to my portfolio manager. I now have a good house and can afford anything and also support my family, if you want to be successful, have the mindset of one, invest more and spend less, glad I understood that.

who the heck would wanna own a house