Subscribe to Market Briefs for FREE and get daily investor updates:
✅ Check out my products:
1. Market Briefs – Get my free financial newsletter for investors:
2. Business Briefs – Get my free business newsletter for entrepreneurs:
3. Market Insiders – Download Our FREE Guide To Generating Passive Income:
4. BuzzLegal – Have a business idea? Let our network of attorneys protect it:
Recommended:
BEFORE You Buy A Home In 2023, WATCH THIS! (Untold Truth About Housing):
What Is The Minority Mindset?
“The Minority Mindset has nothing to do with the way you look. It’s the mindset of thinking differently than the majority of people” ~Jaspreet Singh AKA The Minority Mindset
#MinorityMindset #JaspreetSingh
My recommended tools! Please note: Although these are our sponsors & advertisers, these are companies that I trust and use (or have used). The compensation doesn’t affect my recommendations or advice. However, you should always do your own research & never blindly listen to a random guy on YouTube.
———-
➤ Real Estate Investing Online
1) 🏠 Fundrise – Invest in real estate with as little as $10!
———-
➤ Passive Stock Market Investing
2) 💰 M1 Finance – Pick a few ETFs and stocks, then let M1 Finance invest your money automatically:
———-
➤ Life Insurance
3) 🛡 Policygenius – Get a free life insurance quote:
———-
➤ Buy Gold Passively
4) 👑 Vaulted – Buy physical gold on autopilot:
———-
Follow me:
Instagram:
Website:
Want More? 🥑🥑 Check out these channels!
Minority Mindset Clips:
Minority Mindset En Español:
Video host: Jaspreet Singh
DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. If you use these products, we will get compensated – but there’s no additional cost to you.
DISCLAIMER CONT’D: I’m just a random guy on YouTube so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet’s opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence….(read more)
LEARN ABOUT: Investing During Inflation
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
As a homeowner, there are certain things you need to be aware of when it comes to the housing market. One of the most significant events that has impacted the housing market is the housing crash. The housing crash, also known as the subprime mortgage crisis, occurred in 2008 and led to a significant downturn in the housing industry. Here are three things every homeowner needs to know about the housing crash:
1. The causes of the housing crash
There were several factors that contributed to the housing crash, including:
– Lending practices: In the early 2000s, lenders were offering subprime mortgages to borrowers with poor credit histories, low income, and little to no down payment. This led to an increase in risky lending practices and a surge in home purchases, which eventually led to a housing bubble.
– Low interest rates: As interest rates were low, many homeowners started to refinance their mortgages, leading to a rise in home prices.
– Speculation: Speculation also contributed to the housing crash, as investors were purchasing homes with the intention of selling them quickly for a profit. When the housing market turned, many people were left with homes they could not afford to keep or sell.
2. The impact on homeowners
The housing crash had a significant impact on homeowners, with many losing their homes to foreclosure or being left underwater on their mortgages (owing more than their homes were worth). The housing downturn resulted in job losses, reduced property values, and a rise in homelessness. Even homeowners who were not directly impacted by the housing market’s collapse were affected by the economic downturn that followed.
3. The lessons learned from the housing crash
The housing crash taught many valuable lessons to homeowners and the housing industry. One of the most significant takeaways is the importance of responsible lending practices. Lenders should scrutinize borrowers’ financial situations before approving them for a mortgage, and borrowers should not take on more debt than they can afford. Additionally, homeowners should understand the risks of the housing market and be prepared for market downturns by having an emergency savings fund.
Overall, the housing crash had a profound impact on the housing industry, homeowners, and the economy. By being aware of the causes, impacts, and lessons learned from the housing crash, homeowners can better prepare themselves for potential future downturns in the housing market.
Join Market Briefs, my FREE newsletter for investors, here: https://briefs.co/market/jaspreet
WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS!
There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!
The effects of the downturn are beginning to sink in. People are being impacted by the long-term decline in property prices and the housing market. I recently sold my house in the Sacramento area, and I want to invest my lump-sum profit in the stock market before prices start to rise again. Is now the right moment to buy, or not?
Why the price of the housing not falling? When the price of houses fall people will start buying again. I remember when 8% was a great rate.
Long story short the price of houses is too high!
We need Trump!
Thanks very informative and thorough.
as investors you cont care about the economy…u care about a bear market or a bull market- not the same thing!
if i can get risk free on money CD at 5% why would i risk putting ANY money in real estate. …answer i wouldnt and neither will anyone else.
jaspeeet- your own example makes no sense. if banks buy money wholesale and then sell it retail for LOWER then they paid to keep houses affordable banks go under! ..its why you cant buy a real brooks brothers suit for 50 bucks…its lower than the retailer paid. WAKE UP.
HEY numnutz…. how are they going to lend out money (banks) at 5.2 percent if they have to pay a base rate of 7??? that means they lose 1.8 percent guaranteed for 30 years on every house loan they make… who would do that?? people losing their jobs, banks who cant do basic math. Your position does not pass the snif test. …if banks quit making home loans anyone can afford, guess what?? NO MORE HOME LOANS. banks dont loan you money at a rate less than they pay unless you live in a fantasy!
I wasn't financial free until my 50’s and I’m still in my 50’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.
What are your thoughts on the new government dream program
If they quit printing all that frivolous money sending it overseas maybe inflation will come down
Overpriced housing market + high mortgage interest rates = stay out of it. I would avoid it and instead keep building the down payment if possible.
Well, interest might go down but on the other hand, banks will become insolvent and job loss will also mix into all of this so, I don’t think purchasing a house will be easy…
about to close on my first home…
wish me luck lol
Thank u for this. I just bought a house and feel like I made a mistake looking at the interest but ur right
No crash is coming…love the last couple minutes where you don'tcause panic…I think you truly trying to help
I have stopped tracking hosing marking and seeing housing videos
>>Interesting , the stock market is currently experiencing a decline while bond yields are on the rise. However, there seems to be skepticism amongst investors regarding the Federal Reserve's plan to continue increasing interest rates until inflation is stabilized. As for myself, I find myself at a crossroads, uncertain whether to liquidate my $250,000 stock portfolio. I'm seeking advice on the best strategy to capitalize on this current bear market.<<
Great Video as usual A Big concern is a recession is on the horizon. One thing the Fed is good at is messing up and overshooting on rate hikes and also on rate declines. This cycle we are seeing them overshoot once again and the Futures market is pricing in the Fed PIVOT this coming June or July. what happened in the past 5 Recessions we saw Mortgage rates drop on average by 150 bps because of the fed policies. I am forecasting this again in Q4 of 2023.
Fed says they are continue to fight with inflation to get it to 2% that’s mean the fed fund rate continue to go up. Dont expect the mortgage interest come down in the near future. House price continue to fall down in the next 5 years.
Rates don't need to come down. Prices do. And that's why the fed is raising the rates. People have a hard time affording a $500k loan at 7% but if the prices of the house was $300k with a 7% rate more people will be able to afford that. The most important thing when buying a home is the price!
I understand the Fed interest rate is a range.
That said, is the public able to see which banks receive the low end of this range vs those on high?
Is there any correlation with the banks that fail and their rate prior to failure?
5:00 Government and Lannister always pays their debts
Seeing prices drop already where I live.
Extremely insightful, thanks for all the knowledge!!
Can u do video on the 40 year fha mortgage I’m hearing about