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VOLATILE: Housing market crash. Home values drop, 800k to spend?
This couple has MAJOR concerns that the Housing market will crash and home prices will drop. Betting 800k on Real Estate.
Check out our last video (STUCK: The Housing Market Is Holding Us Back)➡️ https://youtu.be/1DAkMmkOupU
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Question – Do you think that the Real Estate Market is crashing or correcting?
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Tom Kirchmeyer NMLS # 1830886
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#housingmarket #marketcrash #boiseidaho
About this video:
Individuals contemplating the financial and emotional ramifications of home ownership amidst fluctuating market conditions. On one end, individuals earning less than $70,000 annually are facing the challenge of sustaining a lifestyle where 45% of their income is directed towards mortgage payments, highlighting the squeeze on affordability and the potential for greater market declines. On the other end, a couple considering an $800,000 cash purchase fears significant devaluation of their investment in the short term due to market volatility and potential economic downturns, particularly influenced by the outcome of upcoming elections and changes in monetary policy. The underlying emotional tension is palpable, with fears of loss, the pressure of making a substantial financial decision in an unpredictable market, and the desire to make a prudent investment that aligns with their lifestyle and long-term financial goals.
Are you wondering about the current state of the housing market? Are you concerned about the potential for a market crash, or wondering if home prices will ever come down? Are you trying to understand why rent is so expensive? We aim to provide answers to these and other questions about the housing market in our weekly content.
If you're looking to buy or sell real estate in Idaho, follow our updates. Good News Realty Group LLC, located in Boise Idaho.