Steven Van Metre
Homebuilder sentiment is crashing at the fastest rate since the Great Financial Crisis as buyers balk at high home prices and high-interest rates. Builders have started cutting prices which will eventually force sellers to also cut prices. With the economy rapidly slowing, the banks once again look to be at the forefront of another real estate crisis.
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Then the UNITED STATES POSTAL SERVICE is now going to centralize the typical US POSTAL CARRIER VEHICLE. Compounding the problem of utilization of the electric grid as centralize charging locations requires UPGRADES of the ELECTRIC GRID. If those vehicles would stay where they are presently parked. ( US POSTAL OFFICES ) the electric grid could easily deal with the distribution of charging power demands. Obviously NOT UTILIZATION OF THISE WHO UNDERSTAND PHYSICS. Hence more LOSES for the US ECONOMY hence LOWER productivity hence LOWER US TREASURY BONDS !!
How can people invest In the stock market or US BONDS when REAL PRODUCTIVITY IS DECREASING ??
What would be interesting, are the SWISS taking their investments out of international markets ? My thought would be of coarse, as their monetary reserves are INVESTMENTS in foreign PRODUCTIVITY. I certainly think they are SELLING and parking their currency in SWISS BANKS !!
market go up😭
Love your content Steve. Thankyou!
It's a Great time to buy a house if you are going to hold it for 5 years. Les see, take a fifty pound weight and hold it over your foot for 5 years. See how it works out for you.
You wanted Joe Biden, then enjoy the ride to the bottom …
It's gonna be worse…….. THAN THE GREAT FINANCIAL CRISCIS !!!
Love you Steve!!
This will go down in the history books as "The Greatest Depression." All because people were too dependent on Central Banks and the Corporate controlled political class.
They should BECAUSE WE'RE NOT SELLING AND THEY SOLD ALL THEIR SHARES, NOW THEY CAN BUY IN AT A HIGHER PRICE LOL
I understand that all your numbers and graphs are lagging indicators but keep this in mind the US economy has been in a recession ever since 2007 it never fully recovered and then after the geopolitical climate and the fact that our leader you know the one in the White House wants to kill oil industry and that hurts energy no economy can Thrive without energy and gas prices are so high it's it's ridiculous it's killing and crushing the middle class so any prediction you're getting now that says we'll probably or most likely is headed towards a recession I will tell you right now after the Christmas numbers you're going to start speaking the word depression
The pain train is refuelled
Not D time ta buy…….
Patience
I am predicting housing prices will be back to 2019 levels by early 2024
USA is great for the easy money, the economy is much smaller as you think…
The same dishonest talking heads who told us all was well in mid 2008 are the same ones who are asking us today to ignore the signs of the deteriorating housing market.
Buying a house now and refinancing later is just a marketing push. Its very possible that later on you might not even qualify to refinance.
I dont expect rates to go back down. I think we are returning to normal when rates were at an average of 4-5 percent. I expect rates to climb till inflation is gone and then drop to 4..5 percent and stay there as a return to normal.
Really? You don’t have a ruler or a straight edge?
The debt bubble is getting bigger as the rates increase!!
It will all adjust. The rich running from cities to suburbs. Will prop up some areas like arvada colorado.
I was there in the 80s. It was sad.
Good Market Analysis Steven. As usual.
Buckle up.
This one's going to be HUGE!!!
Oh, I'm waiting until the market bottoms out so I can buy about 5 acres somewhere.
If the economy was booming the higher rates and higher prices would not be a problem what the hell are you smoking dude
Real estate and bankers always lie. Just part of sales!!
I know a lot of people that took out home equity loans while the interest-rate was super low but with the rates going up I’m not sure they will be able to keep up the monthly payments. Just like bait on a hook, it could be ticking time bomb.
If I go by Elon musks method to value a house based on cost of input, nothing changed on costs in last 10 years but price of houses went up 2-3 times. Time house price came back to the trend line ie a 50% correction atleast.
Bank of America was just offering sub prime loans with no money down.
So I disagreed when he says they are only lending to those who could afford to pay it back. No they are not!
My greatest happiness is the $64,000 bi-weekly profit I get consistently from my $15,000 investment despite the economic fluctuation 😊
Bubble = racket
Here we go, a repeat of 08 housing crisis. Of course, prior was the infusion of EASY ACCESS to credit.
The widespread implementation of the clot shot will drive medical expenses up far more in the near future.
I need a Burger King Crown👑 😆🤣🎩
Abolish the Private Corporation “The Federal Reserve”! Nobody needs these banker’s in the middle. If we are going to create money for our Nation’s out of thin air we don’t need the Fed to charge us money and profit off us in the process! These are individuals that are not part of our government body. They are banker’s and crooks. The elite’s own the banks. People understand this now!!!
Who will sell their property now vs later?
Would you mind adding chapters to your videos
We don’t want to own a house. Our ⛵️ is our home.
XLF is getting smashed right now!
I question buying an extra case of ramen noodles at the grocery store, and redfin is telling me its a great time to buy a another house….lol
This a collapse worldwide! Housing will be cut by 40%
Recession, LOL, global massive depression, yes!
People that sell homes for a living will tell you "its always a good time to buy", but cannot say when is a bad time to buy.
High rates and high high home prices is much worse than 2008. In 2008, prices of homes were started over $100K. Now, they start 3 times higher than that.
I have two good friends who are realtor's. It hasnt really hit them yet, and sadly they don't see the writing on the wall. Ive tried to warn them but both, like many people, refuse to hear anything scary or negative.
It's a terrible time to buy, if we can finally pop the everything bubble it'll be a good time to buy in 16-18mths🤞
don't big banks make more money when the interest rates are increasing? why are they panicking.