Pretty much sums it up.

I love the shout out to “capitalism” there. I think he’s confusing regulation and protectionism with capitalism.

This is what "over-regulation" causes. State/Federal lawmakers think *YOU* are stupid. They pass laws to "protect" you. We once had a 2-page disclosure for closing. That joker is now 6-pages. For the Generations with a 30-second Tic-Tok attention span, this is catastrophic.

Nice video, but I take issue with "capitalism working sounds". This system is the exact opposite of a free market. Its over regulated and bloated.

Needs a bigger room. Forgot the title company, appraiser, ins company, taxing authorities, HOA, etc.

Don't forget property taxes on inflated valuations, forever!

He didn't even mention that the bank prints 100% of the money to buy it from nothing. I met this guy in real life he's funny but doesn't really grasp how this shit works.

So true. We’ve enabled Zillow to set home prices with their “Zestimate”

Let’s not forgot that you have to pay property taxes from the moment you get that loan until forever, which is always thousands. Especially if the house is more expensive.

Creator's name is Joe Fenti. Please tag creators in posts that use their content. @FentiFriedChix

Someone get the boomer seller in there too doing the happy dance

I mean this isn’t wrong but the real reason houses have sky rocketed is because institutions like Blackrock and Blackstone buy massive amounts of single family homes in batches. Lets say they buy 1000 homes in an area at what was $250k then a year later buy another 1000 at $350k

We pd off our house & will put it in the market but no realtor. Next house we buy is all cash. This process is a costly racket.

State regulations mandate the intervention of agents and realtors. There are places where You can Buy a property without any of these bozos

“Why are there so many people here” and he satirizes less than half of the useless third parties with their fingers in the transaction

Yeah, until Agents cut off that free listing information. That listing information that Agents put up is stolen by Zillow from our listings. It is free ONLY because of Zillow uploading MLS data. So you make a good point we Realtors should cut that off so you guys stop taking our information that we work and pay thousands for. What are you gonna do when Zillow shuts down because agencies are getting smart?

That's leaving out the real culprit: government. But hey, I'm already too tired of having this conversation.

This is my video, you mind tagging me?

"everyone" is extremely misleading. it should be young people looking to buy a home (gen z) and to some extent millenials with a shitty mortgage

If by "sums it up" we mean "drastically oversimplifies what's going on" then sure. There are elements of truth here, but there's a lot of hidden work that goes into real estate that is being glossed over.

Getting rid of realtors is step 1

love the john mulaney aura

Funny stuff But also plenty of good profession REALTORS as well Most folks do not seek out good representation, they end up use their wife’s friend or cousin who is now licensed and the blame REALTORS for not knowing the market🤣 Reality is, it’s the general publics ignorance

Also, insurance is required for a mortgage. Insurance in California is so high due to state regulations that insurance companies dropped most clients, so we are forced into state insurance, which just went up by 30% so now the insurance is more than a mortgage on a median house.

Don't forget Trump floated 50 year mortgages and got such backlash he backed off.

If public schools actually taught useful things, then about 60% of the population would have no need for a realturd. Personal finance can be largely mastered by a 9th grade mind.

The part about no incentives to save money is both true and untrue. But it’s the crux of the whole system. And to be clear, meddling in that incentive structure by the govt is how we get global financial collapse. So…. What’s the solution?

When you realize our judicial systems pensions are tied to real estate then you really open a can of worms.

@FinancialPhys you ll love it

This is worse than the holocaust

Since property tax is based on property value, government wants your price to be high too!

You forgot the lawyers and title company that's needed for no good reason

That’s not true capitalism, that’s boomer capitalism.

“i’m getting you the best price for me”

My realtor worked her ass off to get the commission on our sale. Also our buying realtor worked her ass off getting us the purchase. Find a good realtor