News: Now Is THE WORST Time To Buy A House (Here's Why)
Rebel Capitalist News
George Gammon
4.7 • 1.1K Ratings
🗓️ 4 July 2023
⏱️ 16 minutes
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| 0:00.0 | Hello fellow Rebel capitalists hope you're well so I've got some data some housing data that I think you really need to pay attention to you're not going to want to miss this |
| 0:09.7 | so let's get into it right away let me do a screen share. |
| 0:14.4 | Okay, and before we get into it, |
| 0:16.1 | want to encourage everyone to check out Rebel Capitalist Pro. |
| 0:18.8 | It's the Investing website form that I have |
| 0:22.0 | with Lynn Alden and Chris McIntosh. |
| 0:24.0 | There is no better way to have an edge and to prepare for what is coming to |
| 0:28.0 | set up your portfolio and make sure that you're not only surviving but |
| 0:31.6 | thriving, whatever we see come at the end of |
| 0:34.0 | 2023 and end of 2024 you can check it out George gammon.com forward slash pro. |
| 0:38.5 | Okay let's get into these data guys this is really some eye-opening stuff and I actually just stumbled |
| 0:47.0 | across this website because I was looking for the website for the earlier video where we were talking about the Federal Home Loan Bank |
| 0:58.8 | and I stumbled across this, which is the FHFA, and they do a study, they have like a housing price index |
| 1:10.3 | that they update in real time. |
| 1:12.4 | And keep in mind, these are nominal prices. |
| 1:14.5 | So we can see the top 100 metro areas. |
| 1:19.5 | The number on the left column is year over year. Number on the right column, quarter over quarter. |
| 1:26.4 | Now what's amazing to me is whenever I watch |
| 1:29.0 | CNBC or Bloomberg or even a lot of these podcasts, |
| 1:33.0 | the talking head, the guru, the quote unquote expert, |
| 1:38.5 | always says, gives these reasons why they're bullish, |
| 1:42.0 | why they're bearish why they're bearish. |
... |
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