Housing Market Update - (October) - News-Credit-Mortgage-Coin


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Monday, October 5, 2020

Housing Market Update - (October)

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Housing Market Update: Canada, UK, Australia, New Zealand

WHAT will cause the next Housing Crash?
- A loss of confidence (Media dependent plus houses being on the market for a long period of time)
- The number of multiple bidders drying up
- Buyers drying up as we go into Winter, Spring restart (If credit is easily available and the jobs are ok)
- People have short memories and hate history
- Once the herd smells danger, and one starts to run, more people around them start to run. Before you know it, the whole herd is running from the danger.
- Big city prices are coming down, rural prices are going up. So if you're undecided on whether or not you should move from a big over expensive city to somewhere more rural or with more space, especially if you can work from home, if it were me personally, I would do it.

Fundamentals of nearly ALL housing markets:
- Inventory Levels
- Ease of availability of credit (Japan: 1985-1989, the excess credit created a boom in the RE & stocks market (stocks rose 240% and land prices 245%)

Bonus Housing Market (Current Fundamentals)
- Furlough pay (I’m seeing loads of redundancies, and layoffs, no job, nor mortgage)
- Forbearance on mortgages
- Demand based on current situation

- Mortgage approvals up! Everywhere!? No! They are not. These are mainly refinancing loans
- Tighter lending criteria, mortgages getting harder to acquire
- Valuations are coming back lower than expected on houses
- UK Help to buy scheme
- UK Stamp Duty: why would the government do this? They need money right now so why on earth would they give a stamp duty holiday?

The next problem is that the Central banks are deliberately inflating the housing and stock markets. Deliberately just like they have in other Countries before.

And it might help now, but will hurt much more later! The central banks need to stop all this low interest credit. Let the markets crash! Yes it will hurt a few people, but most of those people wouldn’t have had the money anyway if it wasn’t for the rapid manipulated gains.

The only thing preventing a huge crash right now is the lack of inventory, as well as low interest rates. That's it, nothing more.

The housing market is going to crash like you've never seen it before when all this comes to an end. They are just delaying the inevitable.
The only option left will be to give loans to people with bad credit. Which brings us back to the sub-prime crisis of 08 all over again.

This video covers the:
Canadian Housing Market
UK Housing Market
Australian Housing Market
New Zealand Housing Market

00:00 - Opening
01:35 - What Causes Housing Market Crashes?
13:48 - Central Bank Stimulus
14:43 - Canadian Housing Market
20:49 - UK Housing Market
32:39 - Australian Housing Market
37:30 - New Zealand Housing Market
46:57 - Conclusion

This video is for entertainment purposes ONLY & designed to help your thinking, not direct it. These videos shall NOT be construed as tax, legal or financial advice and may be outdated or inaccurate; all decisions made as a result of viewing are yours alone.

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