In this video I give an update on the Housing Market Crash and how the updated figures for unemployment, sales volumes and house prices are impacting the housing market and whether the market is starting to crash.
Current data - 00:00 - 02:10
What I think of the data - 02:10 - 03:55
Unemployment impact - 03:55 - 06:26
Stock market impact - 06:26 - 08:08
Cure progression and other impacts - 08:08 - 11:19
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The information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, electrical or financial advice. IF stocks or companies are mentioned, Thomas MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on Thomas' videos. If you need such advice, please contact a qualified accountant, solicitor, insurance agent, contractor/electrician/engineer/etc. or financial advisor.
This is not an advertisement of property for sale and shall not be construed as anything other than an opinion for entertainment purposes only.
Inspired by Graham Stephan, Meet Kevin, Shaf Rasul, Andrei Jikh, Nate O'Brien, The Credit Shifu and more
#housingmarket #marketcrash #propertyinvesting
Current data - 00:00 - 02:10
What I think of the data - 02:10 - 03:55
Unemployment impact - 03:55 - 06:26
Stock market impact - 06:26 - 08:08
Cure progression and other impacts - 08:08 - 11:19
Buy bitcoin using Coinbase here - https://coinbase.com/join/smallb_1u?src=ios-link
Social media
Instagram - ThomasJamesYT - https://instagram.com/thomasjamesyt
TikTok - ThomasJamesYT - https://tiktok.com/ @thomasjamesyt
Subscribe for more related content - https://youtube.com/c/ThomasJamesPropertyInvesting
The information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, electrical or financial advice. IF stocks or companies are mentioned, Thomas MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on Thomas' videos. If you need such advice, please contact a qualified accountant, solicitor, insurance agent, contractor/electrician/engineer/etc. or financial advisor.
This is not an advertisement of property for sale and shall not be construed as anything other than an opinion for entertainment purposes only.
Inspired by Graham Stephan, Meet Kevin, Shaf Rasul, Andrei Jikh, Nate O'Brien, The Credit Shifu and more
#housingmarket #marketcrash #propertyinvesting
nationwide v zoopla arent comparing the same thing. The most accurate is land reg sales data ( however, it doe have a time lag often severalmonths)
Hi Tom i'd like your advise please. I had offer accepted back in Feb for my first BTL flat. Paying around market value for it. 2 failed mortgage applications due to open-deck access and then on Barclays credit requirement. Exchange of contracts is due 17th July. I have been offered the 75% loan via family in the event that I refinance the property in 6 months time. I'm considering pulling out (rather not borrow from family and not sure about market in 6 months time). What are your thoughts? Thanks
Thomas just a quick one, can i ask why you do these videos, your not another samuel leeds are you?
Keep in mind that a lot of people that went back to work,don't own a house!!
US Weekly jobless claims total 1.508 million vs 1.3 million estimate that's 1.508 million in 1 week bringing the total to over 20 million. Those are the crew numbers we do not have to wait till September or October to find out sell your investment properties sell rentals it's probably already too late
Never pay market value anyway. Don’t think it will drop, because if inflation and uncertainty
Re unemployment, I think the type of people who are most likely to lose job are not potential buyers/current owners
Hey Thomas, thanks for the video!!
May I make a video suggestion? Could you discuss what sort of interest rates buy-to-let investors usually get? What affects the rate and has corona virus had a negative impact?
Thanks
Basically you don’t fucking know 😂😂😂
Great video Tom, good analysis of the data. Really uncertain times. We thinking after all this that the government will really push people to go and buy property? Almost has to be done right?
You need to wait until all the mortgage holidays end, if too many people get their homes repossessed then it will push up the interest rate… Then what do you think to anything bought on credit.
I think this situation is a reality check, the only reason house prices didn’t fall substantially in the last recession was due to massive QE (even though I bought my house for 100k in 2018, previous owner paid 124k in 2006). I am not convinced that the government can continue to intervene and prevent a crash to the market.
Unemployment will undoubtably increase, I hear many of my friend and family now entering consultation for redundancy even though they are currently furloughed.
I don’t think this is gonna be nice for anyone.
Great vid man
2 wade infected spread ahead by December 🇺🇸 will be facing more then 7 million infected people? I think BLM will be facing top times getting hire on the reopening
Great content is true the market stats are confusing now … wait till September/ October to see true results !
I’m hoping to buy my first home. Have a £20,000 deposit. Think prices will drop towards the end of the year?
seen as the market has had a 100 plus percent increase in purchases in the last few weeks so not a lot. Many house buyers are moving from the cities, to the country or towns. In positions ready and waiting to move. this lockdown has made so many families and couples think about what they'd like on life, had time to plan. think a 6% increase on the market so far can only see this increasing until September then it start to fall again when things start to settle but then we may get a second wave after this. Great content.
No one can predict how this global monetary reset is going to pan out it would seem inevitable that we get a some degree of lower house prices but there is a big appetite out for investors sitting on non appreciating sums of cash to park this cash in property not necessarily for yield but more of a perceived safe haven .Bearing in mind the devalued state of the currency market and possible retail bank failures to come ,If I had a lump sum of cash I would feel a little safer putting it into bricks and mortar especially when you can get a below market value property deal.I think this sort of activity with the whole spectrum of investors will cushion the housing market .But who knows the big picture seems to be pointing to a deliberate crashing of the economy in order for the transfer of wealth to the powers that be .This is going to have a massive impact on the lower and middle classes ….😩👎🏻
Interest rates are low. Many fearful people sitting on the sidelines. To me, these are signals to buy. I've bought two investment properties recently. The market will not crash.
Your videos are always solid
Black lives matter 👍🏾
Another great video mate! I think it's unlikely there will be a market crash, even if there is a second wave. I think the only thing we can expect is lower housing prices, but you can be 100% certain!
As a investor get your offers in now while people are scared the crash is coming so getting good discounts and if it doesn’t come you still get your deal.
Hope it doesn’t come mind
Hi very good info 👏thank you!! I see high prices , is hard to tell, time would tell
What do you think is going to happen to the housing market?