**Title: "Housing Market Crash: Why It Won't Help Buyers"**

Based on the following information give me a short summary of the three reasons why a crash of the housing market won't help people buying a house:
THERE IS ONE BIG PROBLEM HOLDING MOST YOUNG PEOPLE BACK FINANCIALLY HOUSING THOUSAND THOUSAND THOUSING AS BUT WHO OERSHAL BEYOND THE REACH FOR MANY IF YOU DON'T ALREADY OWN A HOME YOU PROBABLY CAN'T AFFORD ONE AND YOU PROBABLY CAN'T EVEN AFFORD TO REND ONE EITHER IF YOUR DREAM IS A HOUSAND CRASH AT WELD LITTLE THE FINANCIAL PLAN FIELD AN I AM SORRY TO TELL YOU BUT THAT'S PROBABLY ONLY GOING TO MAKE THINGS WORSE OUT ON A HIND FOR HOUS THENE THAT FILLING OVERWHELMED BY THE SOARING CAW ALREADY PRICES ALL RISIN ACROSS THE S AND THAT IS IN FACT IN PART BECAUSE OF HIS HIGHER IN FOR TRAT A REAL HOME HIGHER THAN THELLERS ALIKE FEELING A MASAN STRUGGLE TO CLOSE FEELD OR MAKE MONEY HOUSING IS BECOMING MORE EXPENSIVE FOR BUYERS A RENTER THE LIHE ACCORDING TO THE REAL ESTATE DATA FROM ADAM HOMES ARE NOW UNAFFORDABLE FOR MEDIAN AMERICANS IN NINETY NINE PER CENT OF COUNTIES THEY ANALYZED THE REMAINER ONE ARE SENT WERE NOT AFFORDABLE THEYRE JUST WASN'T ENOUGH DATA TO USE IN THEIR REPORT WITH STATISTICS LIKE THESE THE ONLY HOPE THAT A LOT OF AMERICAS HAVE IS A MARKET CORRECTION THAT WILL BRING PRICES BACK DOWN HIGH PRICES AREN'T GOOD FOR MANY PEOPLE FIRES CAN'T AFFORD A HOME RENTERSER STUCK IN A MARKET WILL MORE THAN EVER THEY NEED RUMAIDS TO AFFORD RENT AND EVEN THOUGH TWO THIRDS OF AMERICANS OWN THEIR OWN HOME HIGH PRICES AREN'T THAT GRATE FOR THEM EITHER IF YOU ARE ONE OF THE LUCKY PEOPLE THAT OWN A HOME AND YOU SELL IT FOR A RECORD PRICE YOU STILL NEED TO BUY ANOTHER HOME WHICH IS JUST GOING TO COST YOU A RECORD PRICE LEAVING YOU NO BETTER OFF OVER ALL WHILE YOU OWN YOUR HOME YOU ARE GOING TO PAY HIGHER PROPERTY TAXES AND IF YOU DO SELL YOUR HOME TO BUY A NEW ONE YOU MIGHT HAVE TO PAY CAPITAL GAINS MOST HOMES IN AMERICA ARE NOW SELLING OVER THE IERESSES SECTION ONE TWENTY ONE EXEMPTION OF TWO HUNDRED AND FIFTY THOUSAND DOLLARS IN PROFIT SINCE YOU PURCHASE THE HOME SO IF YOUR HOME IS WORTH A LOT MORE THAN YOU BOUGHT IT FOR AND YOU DON'T WANT TO LIVE ON A STREET ONCE YOU SELL IT THE ONLY PERSON YOU HAVE REALLY MADE MONEY FOR IS UNCLE SAM COADULATED YOU BAY YOUSELF THE ONLY PEOPLE WHO ARE REALLY WINNING OFF THAT UNMULTIPLE PROPERTIES IN ADDITION TO THEIR PRIMARY RESIDENCE IF THE PRICES ARE TWO DAM HIGH THAN THE BEST THING YOU COULD HOPE FOR IS A MARKET CRASH RIGHT WRONG I AM ONCE AGAIN HERE TO CRUSH YOUR DREAMS AND TELL YOU THAT A HOUSING CRASH WOULD PROBABLY ONLY MAKE IT HARDER FOR YOU TO BUY A HOME FOR THREE SIMPLE REASONS THE FIRST REASON IS THAT IF YOU WERE NOT IN A FINANCIAL POSITION TO BUY A HOMERIGHT NOW A REAL ESTATE CRASH WOULD PUT YOU EVEN FURTHER BEHIND TO DAY YOU CAN BUY A HOUSE WITH AS LITTLE AS THREE PER CENT DOWN FROM LENDERS ACROSS THE COUNTRY SO IF YOU CAN'T GET INTO A HOUSERIGHT NOW THERE IS PROBABLY SOMETHING OTHER THAN THE DOWN PAYMENT STANDING IN YOUR WAY AND UNLESS HOUSE PRICE IS DROPPED BY NINETY SEVEN PER CENT YOU AREN'T GOING TO BE ABLE TO PAY CASH ACCORDING TO THE DEPARTMENT OF HOUSING AN HURBAN DEVELOPMENT AVERAGE HOUSE PRICE S FELL BY JUST TWENTY PER CENT IN TWO THOUSAND EIGHT FROM THEIR PEAK AND TWO THOUSAND AND SEVEN THIS WAS THE WORST HOUSE IN COLLAPSE IN HISTORY SO WHEN NINETY SEVEN PER CENT DROP IS UNLIKELY SO THAT MEANS IF YOU CAN'T BUY A HOUSE NOW THEN EVEN AFTER A MARKET CRASH YOU ARE STILL GOING TO NEED A MORTGAGE ACCORDING TO A SERVEY COMMISSIONED BY NURD WALLETT AND CONDUCTED BY THE HAIRISS POLE THIRTY SEVEN PER CENT OF NONHOME OWNERS SAID THEY DIDN'T HAVE ENOUGH SAVE FOR A DOWN PAYMENT ON A MORTGAGE BUT A LARGER GROUP FORTY TWO PER CENT OF RESPONDENCE COULDN'T BUY A HOME FOR A MUCH MORE ANNOYING REASON LENDERS WENT TO INSURE THREE THINGS WHEN YOU BORROW MONEY FROM THEM THEY WANT TO MAKE SURE YOU HAVE A DOWN PAYMENT THE BEGGER THE BETTER THEY WANT TO MAKE SURE YOU HAVE GOOD CREDIT AND THEY WANT TO MAKE SURE THAT YOU CAN MAKE YOUR PAYMENTS THE SYSTEMS IN CRITERIA THAT LENDERS USED TO DETERMINE YOUR ABILITY TO REPAY ALONE ARE MADE UP BY THE RISK DEPARTMENTS AT THE BANKS AND ARE KEPT PRIVATE BECAUSE ITIS CONSIDERED A BUSINESS SECRET NORMALLY THESE RULES ARE HIGHLY RISK OVERSE WHICH IS WHY YOU MIGHT GET A MORTGAGES APPLICATION DECLINED IF THE BANK DECIDES THAT YOU CAN'T MAKE REPAYMENTS EVEN IN A REPAYMENTS WOULD YE LESS THAN YOUR CURRENTLY PAYING IN RENT EVERY LENDER HAS A DIFFERENT SET OF RULES AND THEY CAN CHANGE THEM AT ANY TIME INCOME FROM A FULL TIME JOB IS TREATED DIFFERENTLY TOPART TIME OR GIG WORK INCOME SOME BANKS PREFER INCOME FROM BUSINESS OWNERS AND SOME WON'T LEND ANYTHING TO THEM I WANTED TO BUY A HOUSE AT THE END OF LAST YEAR BUT WHENT I TOLD MY BANK THAT MY INCOME CAME FROM YOU TO VITIOS THEY POLITELY BUT FIRMLY TOLD ME TO GET OUT OF THEIR OFFICE LENDERS ALSO TREAT EXPENSES LIKE STUDENT LOANS DEPENDENT FAMILY MEMBERS IN OTHER DEBT PAYMENTS DIFFERENTLY AS WELL ALL THE DIFFERENT RULES CAN GET CONFUSING BUT THEY ALL HAVE ONE THING IN COMMON IF THE RISK DEPARTMENT SAYS THAT HOME LENDING IS GETTING RISKY THEY ARE GOING TO MAKE IT EVEN HARDER TO QUALIFY FOR A MORTGAGE TO BALANCE THAT RISK AFTER A HOUSING CRASH LIKE TWO THOUSAND IN EIGHT LENDERS GOT MUCH MORE CONSERVATIVE WITH WHO THEY WOULD LEND THAT MONEY TO WHICH BACK THEN WAS A GOOD THING BUT NOW IN TWO THOUSAND AND TWENTY FOUR IF YOUR INCOME IS NOT GOOD ENOUGH TO QUALIFY FOR A MORTGAGE NOW YOU ARE GOING TO HAVE EVEN LESS OF A CHANCE TO QUALIFY FOR A LOANE IF REAL ESTATE CRASHES ACCORDING TO THE NATIONAL ASSOCIATION OF RILATORS THE BIGGEST SHOP EVER IN THE NUMBER OF HOMES BEING SOLD IN AMERICA CAME AFTER TWO THOUSAND IN EHT THIS SHOULD HAVE BEEN THE PERFECT TIME FOR THE NUMBER OF HOMESALES TO JUMP BECAUSE PRISIS HAD FALLEN SIGNIFICANTLY THE NUMBER OF LISTENINGS WAS INFLATED FROM FORCLOSURES AND INTERESTS RATES WERE AT RECORD LOADS BUT WHAT ACTUALLY HAPPENED WAS EXACTLY THE OPPOSITE THERE WERE PEOPLE THAT WANTED TO BUY THESE HOUSES BUT NOBODY WOULD GIVE THEM ANY MONEY TO DO IT AND UNFORTUNATELY THAT'S JUST THE FIRST REASON SO IT'S TIME TO LEARN HOW LONG YOU WORKS TO FIND OUT A REAL ESTIC CRASH PROBABLY WON'T GET YOU ANY CLOSER TO OWNING A HOME THIS WEEK'S LESSON IS SPONSOR BY BRILLIANT BRILLIANT IS THE BEST WAY TO LEARN MATH DATA SCIENCE AND COMPETER SCIENCE INERACTIVELY WHATEVER YOUR SKILL LEVEL BRILLIANT CUSTOMIZE THIS CONTENT TO FIT YOUR NEEDS AND LET YOU SOLVE PROBLEMS AT YOUR OWN PACE WHEN I WAS YOUNGER I LEARNED BASIC PROGRAMMING WITH P H P AND THROUGHOUT MY LIFE I'VE ALWAYS THOUGHT THAT THINKING ABOUT THINGS IN THE TERMS OF CODE HELPS ME TO MAKE SENSE OF THINGS TEVEN WHEN THINGS CAN'T BE EXPLAINED BY NESTED IF STATEMENTS BRILLIANT HAS A COURSE CALLED THINKING AND CODE WHICH IS EXACTLY THIS YOU CAN BUILD SOLID FOUNDATIONS FOR COMPUTATIONAL PROBLEM SOLVING AND HELP MAKE SENSE OF THE WORLD IN THE CONTEXTS OF CODE THERE'S SO MANY GREAT COURSES ON BRILLIANT THAT I'VE HAD IT FOR OVER A YEAR AND A HALF AND I USE IT REGULARLY BUT I STILL HAVEN'T BEEN ABLE TO TACKLE ALL OF THEM IT'S A CHALLENGE THAT I PERSONALLY HAVE SET TO TRY AND TACKLE AS MANY BRILLIANT COURSES AS I POSSIBLY CAN BEST OF ALL YOU CAN LEARN ANY WHERE YOU ARE FROM YOUR DESK TOPPHONE OR TABLET BRILLIANT MAKES LEARNING FUN AND ENJOYABLE AND IF YOU LIKE MY CHANNEL YOU'LL ENJOY LEARNING WITH BRILLIANT TO GET BRILLIANT FOR FREE FOR THIRTY DAYS GO TO BRILLIANT OUTWORK FOR SLESH HOW MANY WORKS OR CLICK THE LINK OF THE DESCRIPTION AND THE FIRST TWO HUNDRED OF YOU WILL GET TWENTY PER CENT OFF BRILLIANTS ANUEL PREMIUM SUBSCRIPTION TALKING ABOUT A REALISTIC CRASH IS ONE OF THE MOST POPULAR FINANCE SUBJECTS HERE ON YOU TUBE VIDIOIS WARNING YOU ABOUT THE EMINENT REAL ESTIC COLLAPSE HAVE REGULARLY BEEN GETTING HUNDREDS OF THOUSANDS OF VIEWS FOR YEARS ANY DAY THEY MIGHT COME TRUE THE REASON THESE VIDIOS ARE SO POPULAR IS BECAUSE PEOPLE THINK THAT IF THEY ARE RIGHT THEN THIS COULD BE THE ONE CHANCE TO BUY A HOME SOME F INFLUENCERS EVEN TALK ABOUT THE INVESTMENT OPPORTUNITY THAT A POSTCRASH REAL ESTATE MARKIT CLD PRESENT AND ASIDE FROM THE TITLES AND THUMBNAILS SOME OF THESE VIDIOS DO MAKE A COMPELLING CASE I AM TRYING TO BE A BIGGER PERSON IN TWENTY TWENTY FOUR AND I AM NOT GOING TO NAME ANY NAMES INSTEAD JUST FOCUS ON THE SUBJECT SO I AM JUST GOING TO LIST THE LONG LIST OF PROBLEMS YOU ARE GOING TO FACE IF YOU TRY TO BUY THE DIP IN REAL ESTATE FOR HOUSE PRICE IS TO FALL ONE OF THREE THINGS NEEDS TO HAPPEN THE FIRST THING IS THAT BUYERS ACROSS THE COUNTRY LOSE THEIR PURCHASING POWER BECAUSE OF MASS ON EMPLOYMENT OR BECAUSE BANKS STOP LENDING THE MONEY TO BUY A HOME THE UNEMPLOYMENT RATE IS NEAR ALL TIME LOADS AND IF BANKS HALT LANDING THEN THAT'S NOT GOING TO HELP YOU BUY A HOME UNLESS YOU PLANN TO PAY ALL CASH IF ON EMPLOYMENT DOES RISE THEN YOUNG HOPEFUL HOME BUYERS ARE LIKELY TO BE THE FIRST PEOPLE LAID OFF YOU MIGHT BE LUCKY ENOUGH TO AVOID GETTING FIRED AND CONVINCE A BANK TO GIVE YOU ALONE BUT THERE ARE OTHER GROUPS WHO DON'T NEED THAT LOFF IN TWENTY ELEVEN THE INVESTMENT BANK MORTGAN STANLEY SENT OUT AN INDUSTRY REPORT TO THEIR CLIENTS TITLED HOUSING MARKET INSIGHTS A RENDERSHIP SOCIETY THE REPORT OPENS WITH A BANKS ANALYSIS THAT AFTER THE SUB PRIME MORTGAGE CRISIS OF TWO THOUSAND IN EIGHT THE COMBINATION OF FALLINGHOLE PRICES LIMITED MORTGAGE CREDIT CONTINUED LIQUIDATIONS AND BETTER RENTAL OPTIONGES FUNDAMENTALLY CHANGING THE WAY AMERICANS LIVE THE WARE ADVISING THEIR CLIENTS WHO ARE EITHER INSTITUS OR INVESTORS OR ULTA HIGNATWORTH INDIVIDUALS THAT REGULAR AMERICANS WERE BEING EVICTED NOBODY COULD GET ALONE AND PEOPLE AT LOSS THEIR HOMES NEEDED A PLACE TO RENT SO IT WAS A PERFECT OPPORTUNITY TO BUY UP RESIDENTIAL PROPERTY WHILE NOBODY ELSE COULD IN JACK UP RENTS ON PEOPLE THAT HAVE BEEN A VICTED THE MORGAN STANLYG REPORT WAS HARENDOUSLY TONE DAFF BUT IT WASN'T ACTUALLY WRONG TO DAY THE AVERAGE AMERICAN HOME EARNS MORE THAN THE AVERAGE AMERICAN WHICH IS WHY THE SECONREASON THAT HOUSING COOKET CHEAPER IS EVEN LESS LIKELY TO HELP YOU BUY A HOME THE NUMBER OF EXISTING HOMESALLS IN AMERICA IS ONCE AGAIN APPROACHING LEVELS THAT HAVENT BEEN SEEN SINCE THE NINETEEN EIGHTIES WHEN THE POPULATION WAS HALF OF THAT TO DAY PEOPLE WHO HAVE LOCKED IN LOW INTERESTRATES ARE NOT GOING TO SELL THEIR HOMES UNLESS THEY ARE FORCED TO BECAUSE IF THEY BUY A NEW HOME WITH A NEW MORTGAGE THEY WILL BE PAYING TWICE AS MUCH OUT OF POCKET EVERY MONTH FOR THE SAME PLACE OREPORT BY THE WALLSTREE JOURNAL FOUND THAT EVEN IF PEOPLE NEEDED TO LEAVE THEIR HOME TO MOVE CITIES THEY WERE JUST RENTING OUT THEIR HOME INSTEAD OF SELLING IT BECAUSE THEY COULD KEEP THEIR SUB THREE PER CENT MORTGAGE RATE AND CHARGED RECORD HIGH RENTAL PRICES IF YOU OWN A HOMERIGHT NOW THERE IS NO REASON WHY YOU WOULD WANT TO SELL IT A FLOOD OF FORSALES IS MUCH LESS LIKELY TO DAY BECAUSE LANDING STANDARDS ARE TIGHTER THAN THEY WERE IN THE LEAD UP TO TWO THOUSAND AN EIGHT SO MOST EXISTING OWNERS SHOULD BE ABLE TO COMFORTABLY AFFORD THEIR MORTGAGE SO ALL RIGHT THEN IF PEOPLE AREN'T GOING TO SELL THE HOMES THAT ALREADY EXIST WE SHOULD JUST BUILD MORE HOMES THIS REALLY IS THE ANSWER BUT ACCORDING TO THE DEPARTMENT OF HOUSING AND URBAN PLANNING AMERICA IS BUILDING FEWER HOMES NOW THAN IT WAS WHEN WE HAD HALF AS MANY PEOPLE BY NOW I AM SURE YOU ARE ALL FAMILIAR WITH THE PROBLEMS CAUSED BY ZONING NIMBUISM AND LOCAL BUILDING CODES THESE ARE ALL MAKING THE CONSTRUCTION OF NEWER HOMES SLOWER AND MORE EXPENSIVE A REPORT BY THE ATLANTIC FOUND THAT NEARLY HALF THE COST OF BUILDING A NEW HOME CAME FROM LOCAL RULE IN PREFERENCES RATHER THAN JUST MATERIALS AND LABOR THERE IS ANOTHER EVEN MORE SIMPLE REASON WHY NOBODY IS BUILDING NEW HOUSE SAYS AND IT'S ALSO THE THIRD REASON WHY A REAL ESTATE CRASH WON'T HELP YOU BUY A HOME A REAL ESTATE DEVELOPER NEEDS TO BUY LAND BUILD A HOME AND THEN SELL THAT HOME IND LAND FOR MORE THAN THEY PURCHASED IT FOR IT'S SIMPLE BUT WHEN LAND IS SO EXPENSIVE BUILDERS CAN'T BUY AS MUCH OF IT TO BUILD ON BACK AT THE PEAK OF HOME BUILDING IN AMERICA MOST OF THE OPERATING MARGIN WAS IN THE HOME CONSTRUCTION ITSELF NOW IT'S IN THE LAND SO EVEN IF A BUILDER CONSTRUCTS A HOUSE ON TIME AND ON BUDGET THEY RISK LOSING MONEY IF THE MARKET SWINGS BY JUST A FEW PER CENT AGAINST THEM TBUILDERS TYPICALLY FUND CONSTRUCTION PROJECTS WITH DEVELOPMENT LOANS WHICH ARE ALSO EXPENSIVE BRIGH NOW THINKS TO HIGH INTEREST RATES IT'S BECOME A SAFER INVESTMENT FOR DEVELOPERS TO JUST RENOVATE AND FLIP EXISTING HOMES INSTEAD OF BUILDING NEW ONES BECAUSE THEY CAN TURN PROJECTS AROUND FASTER AND THEY DON'T HAVE TO DEAL WITH AS MUCH RED TAPE THE ONLY THING THAT CON SLOW CONSTRUCTION DOWN EVEN MORE IS A COLLAPSE IN REAL ESTATE VALUES BECAUSE IF LAM PRICES ARE FALLING THE BUILDERS ARE NOT GOING TO RISK HOLDING ON TO LANDS TO BUILD ON IF YOU LOOK AT THE DATA COLLECTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT YOU CAN SEE CLEAR DROPS IN NEW CONSTRUCTION LINING UP WITH DROPS AND HOME PRICES MILLIONS OF PEOPLE PARTICULARLY YOUNG PEOPLE NOT BEING ABLE TO AFFORD A HOME IS ONE OF THE BIGGEST PROMS IN AMERICA AND A LOT OF OTHER PLACES AROUND THE WORLDWRIGHT NOW BUT WAITING FOR A CRASH TO FIX YOUR PROBLEMS WILL PROBABLY LEAVE YOU VERY DISAPPOINTED IN THE LAST FOUR HUNDRED YEARS REAL ESTATE HAS GONE FROM BEING OWNED EXCLUSIVELY BY A LATE NOBLE LORDS TO SOMETHING THAT THE AVERAGE FAMILY COULD BUY AND NOW IT'S BECOMING SO EXPENSIVE AGAIN THAT ONLY A LEATE LANDLORDS COULD AFFORD IT TO FIND OUT IF THIS WAS INEVITABLE GO AND WATCH MY VITIO ON THE FOUR HUNDRED YEAR CYCLE OF REAL ESTATE OVER ON HOW HISTORY WORKS AND REMEMBER TO GET THESE VITIOES AT DAY EARLY BEFORE EVERYBODY ELSE AND READ TOPICS THAT CAN'T BE MADE IN EVIDIOS GO AND SUBSCRIBE TO MY COMPLETELY FREE EMAL NEWS LATTER IN THE DESCRIPTION TO KEEP ON LEARNING HOW MONEY WORKS

Mar 26, 10:27pm

Here is a short summary of the three reasons why a crash of the housing market won't help people buying a house:

Financial Position: If you can't afford to buy a house now, a real estate crash won't significantly improve your situation. Down payments are already low, and unless house prices drop dramatically, you'll still need a mortgage. Lenders may tighten their criteria after a crash, making it even harder to qualify for a loan.
Lending Standards: After a housing crash, lenders become more conservative. They may require better credit, higher down payments, and stricter income verification. This makes it difficult for those who were already struggling to qualify for a mortgage.
Supply Issues: A crash won't necessarily increase the supply of affordable homes. Existing homeowners may be reluctant to sell if they have low-interest rates, and new construction may slow down due to high land costs and tight lending standards. This limited supply keeps prices high, even after a market correction.

Mar 26, 10:27pm

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