Ara Hovnanian discusses inflation and the rise of housing materials on ‘The Claman Countdown.’ #FOXBusiness
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Now tell people to stop use LLC if there not ready it for business not personal that sole proprietor you cause blow out unless s Corp is proper formated
Put in s Corp all taxable entity will deduction c Corp all other there fore all sole proprietor mean individuals can't place on LLC that what insurance for medical and defense reform
No not the Blackrock folder fall two months ago 2 trillion a couple day they said 70 trillion in debt
i was homeless when 2008 happened I worked to earn 70k then this happens.
WHY WON'T FOX NEWS POST VIDEOS OF MCDONALD'S AND COCA COLA BOYCOTT!!!
What planet this dude live on?
Deep state LIARS.
No answers to the current energy crisis could trigger the second economic depression in our country unless we unleash US energy in all fronts including coal production
Green new deal. Democrats take your green, that’s the deal.
We will get 4 rate hikes this year.
Wow! Mortgage rates don't matter? Monthly payments don't matter?
This is incredible listen to this man say we just raise their prices and people just buy them anyway. BOY,, the rich sure have benefited off of covid and lockdowns.
Holy cow! Powell grew some nuts.
It’s an incredible how when Trump was in office we never had a problem with this but when Biden gets an office we do
☝️☝️I am new in mining, and this site is amazing, best site ever.
Paying on time, legit.. ,.. ,,
U.S. employers added 678,000 jobs in February 2022, well beyond predictions, while the overall unemployment rate fell to 3.8 percent. Adjustments also indicated that job growth in December and January was better than previously thought.
Who is buying what homes, if you talk big where are the facts. how many homes. And its only the weekend.. How many people or homes could be sold..
Bet its majority of elites buying
Cancelling….Isolating Germany after ww1 didn't work out so well…
We are doing exactly the same thing.
Open the Keystone pipeline.
Rich leftist elites don't care about inflation. Narcissist
Oh but they said that most americans have a lot of money so they can afford to pay higher prices.
Stop blaming this on the Ukrain it’s the 30 trillion of money they printed over the last two years
housing is a total scam. Raising interest will not hurt housing. It will HELP it. Because interest and sale prices are inversely related. That was in part why the Fed lowered interest in 2008/9. To boost housing prices because they were collapsing. Low interest has stimulated asset prices. Hovnanian must not understand that. If he does then he is lying to you. Look, Hovnanian is in the Home Building business. I said it before, and I will say it again. If you ask any CEO how their business is going, they always say GREAT! Of course he won't acknowledge that housing may go down. — People buy based on monthly affordability regardless of total debt. When interest rates go up or down it pushes the sale price in the opposite direction because the payment is based on 30 years.
It makes no sense we've had almost 1 million people die because of China and a population decline but yet house prices keep going up. 250k for a meth shack that's going to cost you 50k to even make liveable.
The problem is our fiat currency and out of control Government. We need to change our currency so we can limit our Government like our founding father had it set up.
Inflation benefits the rich. Their many assets go up in value 💰
Who is this clown kidding. 4% rate increase on the 30% increase home prices is going to have an adverse effect on home purchases.
I would take out twitter 2.
We call on the Chinese government to stop manipulating the real estate market!
The crypto market has been favourable in the past weeks,I keep missing out on this opportunity, I'm most certainly very impatient how can I ever make a profit in the crypto market.
Besides those of us with some money in the bank would like to live off the interest
Well if higher interest rates don't matter then let's definitely raise them and cut this inflation down to nothing
No time in my life has so much of what I never gave a flying F for impacked my life so much Russia Ukraine Germany in wouldn't have noticed if they had just disappeared, lets not forget vise president biden that man couldn't have screwed things up more even if he was trying
It's just a matter of time before the housing market will be crashing again. Then the people who build their lives around getting rich and screwing people out of basic necessities will have their towers come crashing down.
The economic hardship, recession, unemployment and the loss of jobs caused by covid-19 pandemic is enough to push people into Financial ventures. Well, I'm taking a trip into Investing because I lost so much during this pandemic. Multi creation of wealth is the best strategy to ensure Financial sustainability.
Armenians are paying cash and moving a whole lot of it. Lucky guys I guess!
Inflation? thanks Joe BIden!
Oh No ! I’m going to have to cancel my vacation plans in Russia ? Really? Lol give me a break.
Audit the Fed.
If the fed raises interest rates by a 1/2%
It will do very little inflation is out of the bag with the executive strokes of Biden's
pen,these decisions were deliberate mistakes that opened up the door of inflation,interest rates went up twice in 1987 just before the crash,look out,you can't stop inflation with A1/2% increase,it's going to take a lot more because Biden's policies are accelerating it faster
People can’t sell and move to an equivalent house without a bunch of capital gains tax. The tax policy hasn’t changed since 1997. Home prices have gone up a lot since then.
Realestate investors don't care about interest rates. They are cash buyers. Like me. interest rates are however pricing out first time and lower income buyers. Plus rents are going up as home purchase prices go up. Result will be homeless increases by millions. Watch and learn
Supply will be constrained.
Housing market is already freezing up. Rates at 4.5% would completely halt this insanity. In 2008, mortgages were 6.0%! Can you imagine how many people could afford these prices at that monthly payment?!!!
Last 2 homes I looked at. #1 listed at $1 million even bid up to $1.2 million, 20% over ask. #2 listed at $825k sold at $1.165 million 40% over ask