Housing Market Crash CANCELLED?

[@MichaelBordenaro]

Get Surfshark VPN at surfshark.deals/bordenaro - Enter promo code BORDENARO for 83% off and get 3 extra months for free!

[@clickbaitvideos]

Dude there's not going to be a housing crash go back to your surfboard get yourself a college degree. Everything's good. They'll always be institutions to give loans. New loan companies will just arrive overnight. These unheard of companies that loan out $money.$Yes maybe you'll pay high interest rates. People want to move into a home so they will pay anything basically. To get that loan. So they are correct there's no housing crash. I told you this a long time ago over a year ago

[@osuave7811]

Wow! They're doing it again, just like they did in 2006 before the real state market took a dump🚽

[@aaroncooper6207]

You keep saying we are in recession when we are not with unemployment at 3.4%, the most people employed ever, and with the GDP growth for the last two quarters. You can predict a recession, but at this moment we are not in a recession. You want to see a recession go back to 2020.

[@jimshoe402]

@@aaroncooper6207 No Kid 1981,2007,and Now Soon ..LOL

[@aaroncooper6207]

@@jimshoe402 none of those had a 14.7% unemployment rate.

[@avenger1212]

I don't think you can ever really expect anyone or any association who has a vested interest in an asset to ever reveal the warts of that asset. They're going to protect their interests every time.

[@deem8705]

'It is difficult to get a man to understand something, when his salary depends on his not understanding it.' Upton Sinclair

[@incognitoalias2808]

I'm sure that's associated with BlackRock, what isn't at this point.......

[@CaptainOverLoad]

Realtors are car salesmen. It is their job to SALE not to give you the best deal, to protect your future interests, or to care about the truth. Ive done honest sales work. It is very, very rare. If someone is trying to sale you something. ALWAYS ALWAYS do your own homework. I always encouraged my clients to do the same. GET A PROFESSIONAL like a cpa or accountant. Salesman are not professional/ masters at the item they are marketing to you. They are masters at selling and psychology. Realtors fall into that boat. Guess what i know a realtor and he’s in the same STEEP mortgage payment the rest of Americans who bought now. He hungry for sales because he has a high payment too and over payed thinking hed be able to maintain sales.

[@TomBTerrific]

@@CaptainOverLoad I sold real estate for several years back in the 70s. I was a terrible salesman. I told people you can’t afford this. Most didn’t like hearing that. Back then creative financing was the rage. I didn’t do well so I got out . However I learned a lot and it’s served me well to this day with regards to me buying properties.

[@MR..181]

Fraud. Much?

[@jimgalle1371]

This channel deserves a LOT more subscribers. Loads of common sense and information and data. Like and subscribe!

[@Eugenepanels]

For real. So awesome and free info while driving or at office lol.

[@MichaelBordenaro]

Thank you very much, Jim!!

[@eurostar0711]

Back in 2007 Ben Bernanke, an economist and chairman for the Federal Reserve who graduated from MIT, also publicly said there wasnt going to be a housing crash, and few months later the housing market crashed. LOL He said the housing market would grow in 2008. So i wouldnt trust everyone, i would take their advice in consideration while looking at the data myself, closely and on the daily and then decide from there.

[@carnivalgods4573]

I'm surprised the Bernanke name didn't replace Roy Munson for profound gaffe expression. Mundson'd, Bernanke'd It works.

[@Falconlibrary]

The economists will tell you they didn't have the tools to measure the market then, and that they have rectified that in the intervening years. But economics is a social science and is heavily influenced by political and even class bias. You don't get to the major leagues without telling rich people what they want to hear is what it amounts to, so you ignore the data that would get you fired and talk yourself into, well, just about anything.

[@craigsteyn6099]

The fact that they say it is not happening means exactly that it IS happening.

[@Stephanie-is3mh]

Yup!

[@barrydworak]

It sure feels like pump-and-dump, to me.

[@incognitoalias2808]

Exactly......

[@gumbie007]

That’s exactly what I was thinking….never trust those who have a vested interest in having you holding the bag! 🤔🤨

[@01crs1]

The market is stale, homes are active on the market for months. Many "flippers" quickly reducing prices to their purchase price, selling below cost of remodel.

[@MCC876]

Michael, I appreciate the real news you provide. Everyone who reads anything from the National Association of Realtors needs to watch your channel.

[@StevenEdwardDetroit]

Im a Realtor here in Michigan and I agree 100% with you. They are not looking at the BIG picture! There are so many things going on behind the scenes (Not covered on Mainstream.) We also have the CBDC's on the horizon. Great video!

[@clickbaitvideos]

They can just keep printing up money forever nothing's going to happen. No housing crash it's all doom gloom Just false hope for people that want to buy a home for cheaper

[@ryaj2356]

Hope you greedy realtors eat massive losses with the upcoming decline. You guys have been so spoiled the last decade with prices going up. Frankly realtors should scale their percentage as prices go up that cap them on how much they can make, like the max they should make on property that isn’t even theirs is 5 grand.

[@DCGuy1997]

@@ryaj2356 oh really. Do you ask your lawyer or doctor or any other professional you deal with to scale back their fees? What do you do? Maybe you should scale back what you charge people or maybe take a pay cut in your profession.

[@clickbaitvideos]

@@ryaj2356 I caught my real estate agent in a lie she said she sold homes recently Lol They were sold like 20 years ago. So you are right they are very shady cut throat real estate agents. The listing is where they make all the $$$$They could care less about you. 😭

[@MichaelBordenaro]

Of course the NAR’s not gonna come out and mention any of this because God for bid it might hurt their bottom line

[@juandorta-duque6028]

Easily the best channel on KZbin. There is never a video I don’t learn from. Great work again Michael. I have been telling everyone I know about you, your channel and the scenery

[@MichaelBordenaro]

Thank you very much Juan that is super kind of you!

[@Ytgmann331]

Thank you for your input, just saw an interview of Dave Ramsey in 2006 saying there won’t be a market crush 🤦🏽‍♀️

[@Falconlibrary]

*folds arms over chest, scowls into camera, barks at the caller* I SAID NO CRASH, REAL ESTATE IS ONLY GOING TO GO UP AND UP BECAUSE OF MILLENNIALS! REMEMBER TO ONLY PAY CASH AND TO TAKE ALL OF YOUR CREDIT CARDS AND SHRED THEM INTO A SALAD RIGHT NOW!

[@heidib9275]

Ha!

[@jimshoe402]

He went BROKE !!!!

[@MichaelBordenaro]

Oops I guess Dave is going to be a two-time loser

[@lindaberl3712]

You said it, they are propping the market up. They lie to keep the diminishing sales going. I am starting to see prices come down, a very small amount. Still way overpriced for what the properties are.

[@teliciabenson7935]

It’s crazy that KZbin put a Zillow commercial contradicting your entire video right at the end. They feed off of ignorance. Thanks for the information. 😊

[@13ChroniclesOfDagger]

They gave me a tampon ad! And I'm a guy, wth? 😆

[@teliciabenson7935]

@@13ChroniclesOfDagger Damn

[@nate8251]

Got that ad too, it was really strange Literally talking points of housing bulls in a zillow ad

[@roxann.]

Yessss I saw that the other week!! It was actually creepy like a brainwash video 😂

[@teliciabenson7935]

@@roxann. I’m so observant to the propaganda movement, I thought it was just me overthinking.

[@amyb5356]

I work with RE investment companies. I was told by one Friday (Dallas) that this was never going to end. This is my second RE crash with my business. First was in Riverside CA. Again they said we would never crash. Ooops!

[@themarkandmelteam]

Great video! Nobody else is addressing the ibuyers and syndication groups that are scrambling for a different income model or trying to sell expensive coaching programs to teach others how to buy more properties right now. It's clear that history is repeating itself right now. Keep up the great work 👍

[@MichaelBordenaro]

Thank you very much! Always trying to address things you don’t hear anywhere else👌

[@hishamha5h1m]

There are a lot of houses that were on the market here just north of Austin that did price cut after price cut last year and finally just came off the market before the holidays still not sold. They are still sitting empty and I’m sure they are waiting until the spring to go back on market hoping that the prices will increase. It won’t. All these houses will spike inventory. There are still a lot of homes I have been watching that started around 600-650k that are now under 500k and still not sold and on the market for over 180 days. I’m in Leander Texas. This seems like it will be crazy. I have no clue why some people are still buying. Also a lot of new builds up here and a lot are just about complete.

[@rich5164]

I have been watching new builds on Zillow very closely. A lot of inventory sat for awhile and saw price cuts as well as builder incentives, but everything is still selling eventually. Just takes a bit longer to sell. It's crazy because where I live all these homes are 900k or more. At 6% I wonder who the heck is buying these homes and what do they do for a living because I have always thought I was near the top of earners in my area at 250k and I could never touch a 900k home. At this point I'm about to give in because some of these builders are offering 30-40k in rate buy downs. If the lender doesn't have a maximum on discount points you could throw in another 10-15k and get the rate down to 3.75%. But plan on staying at least 7-8 years because that buydown is built into the price of the home.

[@danah358]

Thought builder buy-downs were only a couple years, and that buyer must qualify for the full rate.

[@danah358]

@@rich5164 Lots of people paying cash for homes, think its average nationwide bout 25%. They dont care what mortgage rates are.

[@MR..181]

Leander tx..no zoning , permitting and 4000$ an acre..????

[@MTRVPatrick]

Last time the stocks tanked, didn't they move their cash to RE? I am trying to buy a house in OC in southern CA and it's brutal right now. House listed for $875, needs a ton of work, had wife go look at it she shrugged and said ok it has potential. Then we talk to realtor and she asks the listing agent what number should we be at? He has 33 offers at 950k that's 75k over ASKING for a house that needs 100k in upgrades! Seriously we are getting pissed and deflated with this bonkers nonsense.

[@MichaelBordenaro]

It is nonsense people they’re just have too much damn money for their own good. much like here in Miami.

[@davidgee6110]

Patrick, wait for 9 plus months for prices to fall 15% or a year in the OC. San Diego is falling, San Francisco also big time. OC and LA will just take more time. Same with my area of Santa Barbara. All IMO.

[@MR..181]

Asking for higher wages= fired

[@michaellightbown9492]

I’m sure I’ll get some heat for saying it and I’m actually pro free market usually. But something needs to be done to discourage investors/landlords of single family homes. Whether through taxes or some other means. When a towns essential staff, nurses, firefighters, police officers, teachers etc, are priced out of the town they live in there’s no longer an incentive to work there. This goes for other professions too. Nobody’s going to bust their ass to rent.

[@danah358]

Yes I have been thinking this as well. Especially first time home buyers, some sort of legislative action is necessary to limit investor buying basic 3 bed homes with hedge fund cash. The worst insult is when many of these properties sit empty. ;-((. Wall street needs to butt out of single family homes as investments and go back to M&A, options, insider trading, etc.

[@yvonnemitchell9381]

They need to start taxing investors more and force them to release homes for families to live in…. There it is …I said it!

[@yvonnemitchell9381]

@@danah358 yes! Yes! Yes! Legislative action needed. Buyers should start protesting! Wall Street, Airbnb, ibuyers, investors..: stealing the American dream. Congress needs to step in and stop this madness- homes sitting empty while families need shelter. Someone start the protesting! PLEASE!

[@waynez5535]

It all started in 2009 with EB-5 investment to Permanent Residency in California. That's how the initial capital from China flowed in allowing Chinese investors to come in and buy up/ develop strip malls, lots, in the Los Angeles area. The initial wave of new Capital rich Chinese immigrants along with the speculative local Chinese Americans started buying up residential single family homes in Arcadia from Caucasian Americans, so, many of these folks either started moving East into the Riverside, San Bernardino area, or out of state, creating that first wave of outer migration. Fast forward a decade, all that Chinese capital has changed the entire housing landscape, in the United States. By 2016, 30% of residential property in Los Angeles were foreign investors owned. A rising middle class population in China led to a need to park Chinese money in safe assets, and where else can Chinese money find safer than American real estate, thus further propping up the bubble. Initially, the United States thought, sure, let Chinese capital flow in, and eventually, if China had an asset price bubble pop, they end up like Japan back in the late 80s & 90s, selling off their realty holdings in Manhattan and the United States ends up being on top again. However that never happened. Because the dollar can not freely roam into the Chinese market, the US cannot pop that bubble to its advantage, leading to the current situation in the United States whereby real estate prices will not go down because foreign institutions, investors, and long term stake holders do not want to relinquish property ownership because politicians on both sides of the aisle (especially the Dems) in California, know it is bad for business. And so completely agree, there needs to be legislation to halt, and discourage foreign investors from parking their capital in American real estate assets either by new tax codes, or changes to immigration policy. What worked a decade ago doesn't necessarily mean it is in the best interest of the country a decade later.

[@christersmith5470]

For HUD housing, primary homeowners get priority. Investors don’t want to compete with normal borrowers. Where they can take advantage is buying in bulk from developers or buying properties in need of rehabilitation. The best bet is probably preventing investors from buying more than 1 property from developers.

[@InMyBrz]

Checking CHEAPEST rents around Florida- 1br - they are coming down Finding rentals in complexes from $650-900 all over Tallahassee $900-1200 in the Sarasota Bradenton area $900-1200 Clearwater St Pete $800-1100 Ft Myers $750-1000 Pensacola FORGET SOUTH FLORIDA ! Have had SURFSHARK for 2 years and love it !

[@talkingonline821]

At this point in time most people are realizing that the progranda by realtors, loan officers, zillow and redfin and its CEO's is more detrimental than a person having head louse. These real estate people are on borrowed time and better get their resumes ready because this crash is going to be over a period of years and there will be no magic pivot in 2023.

[@piRatCaptain]

Most people don't realize this. You would be surprised with the denial I see in my area

[@jonathantaylor6926]

I don't see how the FED can "pivot"... which really means "cut rates" with inflation at 4, 5 or 6%.. but are the dumb enough to try? Cut too early and inflation will just come right back and you don't need to be an ivy league Econ grad to know this.. but how much equates pain will the FED "allow"? If the DJIA or Nasdaq falls by 30% but inflation is still 4.7% will the FED really hold the line? I have my doubts. This either ends in an inflationary death spiral or a recession/depression depending what the FED does.

[@timothygibney159]

Prices go up. Never down

[@wildflorida8007]

💥 crash or not, Florida is just way too crowded

[@NineFourOneMedia]

NAR said THE EXACT SAME THING in 2008. At the time, the local association (SAR in Sarasota, FL) spent a lot of money on billboards touting "There Has Never Been a Better Time To Buy a Home!", or something to that effect. We all know how that turned out.

[@MichaelBordenaro]

It’s unbelievable and it’s downright dangerous

[@yoyo-di2el]

Just because mortgage applications are going up, that does not mean that families are accepting the offer.

[@jeffreydeuitch2146]

When early YOY references start to show negative, they will fall back the Case Shiller which lags 2 months from closing which means about 3 months from contract date and hence when the agreement in price was made. Once CS shows negative, the narrative will shift and masses will take notice. Until then, people will be fed Soma.

[@MichaelBordenaro]

That’s exactly how it will go down Jeffrey

[@wednesdayschild3627]

This will trickle down to schools and infrastructure. It depends on location and what type of house.

[@gregorysagegreene]

Mate, just came back from UT, WY, CO to the West, and CA Truckin' has hit the skids!

[@Smallblock_chev]

Here in Nevada county CA any home within the 300k range is absolutely flying off the market. I watched houses sit for a year plus, only to be bought in the last few weeks to a month. Everything from a complete fixer that’s over priced, to manufactured homes. There has been a huge jump in buying. As a young person trying to find something within reason. It’s very hard. Good luck everybody

[@danah358]

Yes, RE market varies widely in the US. CA is a true outlier with its long term lack of non-luxury housing construction.

[@gumbie007]

That’s what you call the pump before the next dump! If you’re young then simply sit tight instead of following the heard…. You’ll make a fortune, over time, as long as you don’t buy into the hype of “what everybody else is doing” nonsense. The economy WILL fall into a recession either later this year or most definitely by next. In EVERY recession, the unemployment rates have gone up which in turn leads to depressed assets and real estate is NO exception! Sit tight and hoard your war chest to deploy it when it becomes obvious to everyone….🤔🤨👍

[@mullerk2]

Dumb Buyers

[@kyuremcjn8406]

California is not the only state getting hit hard, Oregon is also getting hit hard, homes over here are so expensive, being a young men who is in there late 20’s with good work, makes me scratch my head is it worth it buying homes anymore in America or just move to Poland 🇵🇱 or New Zealand 🇳🇿 an work at home over there….. sucks cause I just wanna buy a nice home but with the price being expensive I ll just rather keep saving and look for homes in Poland where it’s cheaper

[@gregballew8210]

Thanks Michael for the horrible news with the lovely background. Keep up the good work my friend.

[@MichaelBordenaro]

Ha ha you’re welcome Greg😀

[@gbruceg5138]

A lot of empty homes are not disclosed by banks to create the illusion of scarcity in inventory.

[@mcgowee]

This is me watching Michael's videos: "Yep, that's right" "I told that real estate agent the same" "Amen" "It's so simple" "Amen" "Good point" "Preach Michael, preach"

[@tonic4342]

Yep. Me too!

[@MichaelBordenaro]

😆😆

[@willlywillly]

I am listening only to you Michael. You said over a year ago that there was no shortage in inventory only hyper demand of investors and 2nd home buyers. You only tell it like it is.

[@petespike5000]

Takes about 18 months for interest rates to impact housing. Housing is the last thing that falls.

[@karlchristen]

You are correct Michael, it's seasonal and home starts are waaaaay lower than past years. Builders are not as confident as Redfin and others stated just a few days ago.

[@SimpleHumanInNY]

Northeast USA is out of control, low inventory, high demand, multiple offers on each house This of course is in areas with good school rating, which for most parents like myself is THE main criteria for buying a house.

[@MichaelBordenaro]

Yeah, plus a lot of money there’s a lot of old money in New England. I think places like that are going to have to feel affects from a severe recession to start seeing things coming down.

[@southothehighway]

Any good school districts in S. Florida?

[@GlobetrottingSuccess]

Michael - can you cover 55+ communities and your thoughts? maybe best places to live as well. ty

[@MichaelBordenaro]

I will look into it. Thanks for the suggestion.

[@jojojojojojojo7013]

I’m pretty sure the jobs report has been manipulated. I work a good paying blue collar job and we have probably 30 to 40 less people working for the company than 4 years ago. The company is hiring but at a snakes pace because they said they are worried about a recession. It seems like there’s a disconnect from reality somewhere.

[@life_of_riley88]

Yeah, I see that too. I actually get a lot of job offers, but they're way way below market rate for my time. Seems like the real economy is buckling, and cannot pay the wages demanded.

[@crypto_que]

“I also don’t trust public WiFi” was the most seamless transition to a sponsor on KZbin ever.

[@joesherry0218]

Florida RE won't go down. You want to know why? You are making that happen in EVERY VIDEO by showing just how beautiful here it is.

[@zippythechimp4219]

I see games being played with the pending homes. The listing goes pending for a few weeks then goes back to normal. I’ve watched this happen to many homes multiple times where I’m looking.

[@MichaelBordenaro]

Old trick

[@robertburns576]

What do you think is happening?

[@zippythechimp4219]

@@robertburns576 to me it seems they are trying to generate the fear of missing out.

[@evanpatten4101]

Yes inventory is low but it's also been low because of heavy investment by big firms and individuals buying up single-family homes strictly for rent or Airbnb. If the housing market continues to crash and nobody's using the Airbnb's or renting these homes you're going to see a lot of investors dumping their inventory aka single-family homes and we'll see housing prices plumbing because inventory will be back up. I hope this does happen because it needs to. The last few years at least in my market about 1/3 of the house is sold was sold to investors only strictly for Airbnb / rentals. Most of them paid full cash and over asking which pushed the average Joe out of the housing market. This summer might be a sign of The future market I expect the beginning of summer prices will go up slightly but I think by the end of summer there might go down significantly. This is my Hope at least

[@MichaelBordenaro]

Absolutely I’ve been saying the same. Airbnb is not nearly as profitable as it was a few years ago and people are starting to find that out the hard way now. That will likely increase regular rental inventory as well as for sale inventory.

[@Kevin_Carlson]

3:23 Exactly right. It's in NAR's interest to say everything's okay. It's what they always do no matter how bad it is out there.

[@davidswartz1046]

what goes up will come down. When I got my first job in architecture in 1994, My first boss told me it's like hills and valleys and there's more valleys then there are hills.

[@jaybarr8098]

One thing we need to examine is the cost of materials and construction. The prices for the lower end can only go down so far. Let’s say you paid in the 200 thousand price range back in 2019 in Florida. You paid 4% for a mortgage. Where are you moving ? Your not which will slow available inventory. Housing that will lose will be the 700k property that was 400k in 2017. Housing on the lower end will definitely be a better place to be.

[@digitalassetdude]

High prices and high rates its a wonderful time to buy....just kidding you can't buy anything unless you have a minimum of 20% down and that puts you on the low end of the chances.....super low DTI otherwise your not getting the 6.5% rate...your probably closer to 7%. Imagine buying a house that is 150k over valued at almost 7%.....4k a month for starter home 😂good luck buyers.

[@mrsmith1339]

Let us not leave out rising homeowners insurance rates here in Florida. That could easily increasethe monthly nut by another $300.

[@MichaelBordenaro]

Absolutely I’ll keep regularly pushing out updates on that situation as they become available as well

[@ronnies6811]

That looks like a beautiful neighborhood. Great video as always!

[@NotoriousMoe456]

As a regular market trader i can tell you that it doesn't matter much if the market is popping or dropping, as long as you can predict direction..in fact most traders, especially option traders, prefer bear markets since the movement is so exaggerated and brutal...its aways stairs going up, and elevators coming down.

[@jeff4invest]

Land prices go up like the stock Market in this country .

[@danah358]

Thank you Michael, another good ‘tell it like it is’ video. 👍

[@MichaelBordenaro]

My pleasure!

[@damianweiss217]

Home inventory is low because prices are low and people who want to sell their home; but, don’t have to sell are holding their houses off the market and not listing them.

[@timothyhobbs5256]

It will be interesting to know for the people that have been buying during the slight increase in pending home sales what their income bracket is.

[@carlo6912]

Thank you for sharing your knowledge and providing us with nothing but pure reality.

[@MichaelBordenaro]

My pleasure!

[@jeffk9405]

Unfortunately If you want accurate information you are going to have to pay for it and its extremely expensive. There are companies who specialize in statistics and track all title transfers for every real estate transaction across the United States on a weekly basis. They have decades of statistics. Builders use this information to help develop their business plan. Builders do not trust industry supported information and neither should you.

[@carolmaplesden916]

how do i find one of these companies

[@jeffk9405]

@@carolmaplesden916 ATTOM, Data Tree and Black Knight.

[@carolmaplesden916]

@@jeffk9405 thank you

[@SRsizz]

The real estate market will come down significantly in 2 years. It takes time unfortunately.

[@timothygibney159]

It's going up still. Too many investors hoping to get rich and too little supply. Prices are going up again

[@megasc0rcher]

Plz do a walk around coral ridge country club in ft lauderdale, just bought a house there!

[@Jeannified]

Gorgeous spot you took us to today, Michael!

[@MichaelBordenaro]

It sure was. I’ll be coming back here for sure😀

[@jonathantaylor6926]

Homes are selling fast at full ask where I live. But it's not going to last. Mortgage rate are going to go back up, the 10 year UST just hit 3.84%.. That's +50 points in less than a month. We could easily see 7% on the 30 year fixed again in the next month or two... perhaps even 7.5%. That'll slow down real estate for sure.

[@ST-ce5gq]

Michael I agree with you on this insane housing market. I think that they don’t know what to say anymore, they have field on everything, the economy etc… I will be sitting here waiting for the crush because I know that will happened, it’s just a Metter of time. They are cooking everything and people believe them( disgusting)

[@Kdelouise]

Would you say it’s a good idea for a prospective first time real estate investor focusing on brrrr or rentals to wait a few months before entering the market?

[@ST-ce5gq]

Please wait believe me I have been there. The crash of 2008 it was my biggest lesson. Today I’m waiting for as long as it take. Don’t rush in

[@davidholmes9643]

Good point regarding Morgan Stanley Mike Wilson is very cleaver and is 100% RIGHT WITH HIS PREDICTIONS. The second home market and especially the Condo's will flood the market with costs going up, as owners will not be able to justify the costs. Stocks and Shares collapse 50% in April/May. Used car sales will be the start followed by a large Bank closing.

[@oldroscoe2590]

At 12:45 it looks like an ax murderer is behind you.

[@MichaelBordenaro]

😆 I can never seem to lose that guy

[@Rob_G716]

Pricing/Rates have jumped considerably the last 2 weeks. We’re up 47bps on the 10yr, its at 3.80 today! No way are we heading for a robust 2023 housing market. The stock market will correct further as well, likely in the 2nd half. Not saying there’s going to be some sort of biblical crash, however I would tell my clients to stay cautious.

[@majordddd]

What would be the best way to protect a company 401k

[@carnivalgods4573]

Yes funny how application demand immediately waned last week. An extremely rate sensitive buying public and very indicative how tethered to real time this market is now. Going to be very interesting year imvho.

[@littledebby365]

@@majordddd If the company has other 401k plans that are more conservative, just transfer your funds to that one for the time being. Otherwise you might be SOL

[@majordddd]

@@littledebby365 they have the target ret 2050. Which are more conservative I guess..

[@Falconlibrary]

It depends on how the coming recession shakes out--mild, moderate, severe? We're told so many lies and there are so many people in government and economics who are in denial (remember "transitory inflation"?) that it's impossible to predict anything with any degree of reliability at this point. I say, lay back and enjoy the toboggan ride. You'll feel a bump when we get to the bottom of the hill.

[@eurostar0711]

1:40 in places where housing is going up, is there any data on those places? How many are actually families and how many of them are people investing to turn them into rental properties? It could be going up because a lot of thick headed investors are investing despite concerning data on the market.

[@majordddd]

There is it is called snapforce and it is $12 per month. If you are not happy tell them and they will refund you the money.

[@oldcat87]

Check out zip 33156. All those $5m+ new construction houses flying off the market. Kind of scary and crazy

[@MichaelBordenaro]

Excellent point

[@1138prometheus]

Funny I bet they're using the exact same articles they used in 2009 and back then they never ever admitted there was a housing crash They just stopped talking when the foreclosures were exploding. I wish one of these channels would go back and pull all those articles from the previous crash. I bet the headlines track almost exactly

[@MichaelBordenaro]

Yep, all they gotta do is copy and paste now and change the date

[@janicecantore7180]

I’m looking for something in Venice Florida. There is so much inventory my eyes hurt. There are too many choices

[@danah358]

Careful, big flood zone area there.

[@danah358]

Of course there is with mortg rate at 6.5%.

[@MichaelBordenaro]

That’s a great problem to have. Make sure to submit lowball offers.

[@randomhouses4246]

Miami Dade rental prices stay high. As there are more people looking to rent and inventory is low. Even building is still strong but in very undesirable locations where is no work and commute is crazy and rents and prices are still high. In my opinion there is no crash that's just the usual wording salespeople use to fear owners and make them to sell. If u have a nice house or a rental which produces income don't sell.

[@gregweigel8115]

Just keep your eyes on Vegas and Arizona. Every turned down in the housing market have started there. There is an increasing Amount of supply and an increasing amount of discounting in the secondary market. Still not convinced of a crash due to the high number of jobs. Generally only a crash comes when people HAVE to sell.

[@life_of_riley88]

SF bay area is the epicenter, Vegas and AZ are basically the same and will reflect the downturn almost exactly the same.

[@MichaelBordenaro]

We’re well on our way there

[@christersmith5470]

Similar to the market in general. Key factor is assets are still inflated. Which means there is still equity to tap to get past these uncertain times. The recession will become very real when equity becomes tapped out and people and businesses need to start selling assets. When that happens, asset values will fall and then there will be a lot more asset sales across multiple industries. That will be the crash. Likewise in real estate, when most people try to sell is not during the school year, but during the summer. A lot of homes will go on market this summer, and due to high interest rates and high consumer debt, there still won’t be a lot of buyers. Then the market will start panicking.

[@kenetic1228]

Been looking in the Cave Creek area in Phoenix to buy. Every million dollar home sells immediately. Happening in other cities near Phoenix too. Dont get it. Is everyone loaded??

[@MichaelBordenaro]

A lot of affluent areas are usually some of the last to see the crash and some of the first to get out of it

[@kenetic1228]

@@MichaelBordenaro I hope your right. Great channel brother. No BS

[@MR..181]

Debt gamblers driving taxes and food and necessities sky high...

[@FourthWayRanch]

every other house is up for sale where I live, what are they talking about low inventory. Zillow is filled with red dots coast to coast. lies, lies, lies

[@MichaelBordenaro]

Oh yeah, but some people are still believing this garbage

[@marks6072]

Final 3 minutes are brutally honest!!! Great vid Mike!!!

[@dedemager7926]

Be prepared. Nothing to lose. :)

[@shahidmahmood335]

I am right behind you,believe in you

[@videoservicesja]

if you're into sales and you listen to these guys your numbers will shrink. But dam he's always right. been watching for three years. Unfortunately.

[@chrisc2535]

Hope for the best, yet prepare for worst. I’m not sure how people don’t live by this.

[@Charlie-zj3hw]

In my area I've seen the same houses on the market all winter long .. I live in southern central VA right on the NC boarder.. It's the boonies here that's why houses are under 200k .. I'd love to get a mortgage that matched my 650 a month rent

[@bradc1263]

Michael, great stuff…still not sure how you stay so focused with your thoughts, as you walk. Have you ever tripped and fallen mid-sentence? I’m sure you’d edit it out. One of these days you need to put together a video of all your bloopers. I follow the housing market in several areas, and it’s a mixed bag, but most are trending down. It’s interesting that the inflation report came out and, supposedly, rents were the current culprit driving inflation higher. I don’t understand how rents could still be going up, when people are tapped and resorting on credit cards to survive. Is anything ever going to be done by intone with any authority to curb rising rents. Feels like whomever is controlling the rent increases is trying to break the back of this country. It’s pushing people over the edge and nothing is being done about it.

[@MichaelBordenaro]

The rent debacle will take care of itself, because units will remain empty. If people can’t pay the price. We see that here all the time on my walks. I did take a good fall one time several months ago and I left it in the video because I thought it was funny 😄

[@epuchildren8780]

The National Real Estate Association are speculators in the market as much as Wall Street funds and companies. They need the small guys to rush in as they exit.

[@beau9207]

Everyones been screaming "its gonna crash" for 3 years. I think most people agree the market isn't great, but the click-bait CRASH IS COMING 2008!!!! Get's old week after week. You had a good comment about location too, very important.

[@oldcat87]

Crash 40% coming 2023, every KZbinr is claiming. Let’s see.

[@robertburns576]

100% on the "it's going to crash" rhetoric. Heck, people have been saying that since 2016 (Trump said we're in "a big fat bubble"). As one of my friends says, "the market can stay insane longer than you can stay solvent".

[@justinbieber12373]

It's cheaper to Rent that BUY , it's all in the NUMBERS 🍷

[@marknewton6984]

Equity?

[@Rjisawake]

You're growing fast my guy!

[@MichaelBordenaro]

Yes sir! Maybe 100 K this year 😀

[@HollywoodTheTradeKing]

Dude, what camera are you using? It is crisp! I love it

[@MichaelBordenaro]

iphone 14 pro max

[@winstonsmith6204]

On space Coast. . . And prices are still climbing

[@MichaelBordenaro]

Most of Florida has truly been an anomaly up until now. I do think Florida can crash but it’s going to highly depend on the influx of new residents , out of town buyers, etc.

[@winstonsmith6204]

@@MichaelBordenaro I think if anything will make it crash it'll be policies that make it challenging for newcomers without money which in turn will sink the "multi-family" market. If the wages don't keep up with cost, folks will just avoid coming. Honestly, Mike, other than Orlando (and certain surrounding areas), like I tell my GF:" Who really wants to live in the center of Florida?, Maybe in the winter months, but definitely not in the summer!"

[@PistolPete1984]

Great podcast self education is priceless

[@goler6477]

Hey Michael can you explain to me how a 5-10% price cut on homes that went up over 40% in price in the last 3 years is a crash? I’m genuinely curious

[@jimshoe402]

Check back 6 months from now ..ALOHA

[@goler6477]

@@jimshoe402 ive been hearing this for a year now lol let me guess, in 6 months i should wait for another 6 months for the ''coming crash''?

[@MichaelBordenaro]

That is not a crash. But my definition of a crash for a long time now has been a 20% cut. And, like I explained in an earlier video, the percentage on the way down doesn’t have to be as drastic as the way up, mathematically speaking to bring prices back to earth.

[@elian222]

Unless there is some catastrophic, drawn out long recession bordering on a depression, residential housing prices will not adjust lower than 10% or so lower than their recent peak of last year. Maybe some of the super overheated edge case markets like out west will go lower than this but they're the exception. The overall inflation we've witnessed in prices for all sorts of goods are going to be sticky. Look at say for example simple groceries, they're not going to go down to anywhere near where they were pre-pandemic. Or for transportation, the now average $40K full-size medium grade appointed pickup truck will never go down in price. Same will go for residential housing. Welcome to the new normal folks...

[@Falconlibrary]

As with 2008, the inflation in values and the deflation of the bubble vary widely from region to region. Many housing markets in the Midwest and Great Plains are relatively stable; it's the houses in Florida, Colorado, and west of the Rockies that soared in price the most, and which are now crashing hardest. As a native Midwesterner, I never could get used to the cyclical boom and bust of California real estate, because that's not how real estate works in Kansas. I have to hand it to the real estate industry, though: they have the best sales force on the frikkin' planet. Who else can convince people that if they don't buy this house at a 200% markup from what the seller paid three years ago, at a significantly higher interest rate, they will NEVER get a house? Look no further than Trump, who has a real estate empire; the guy's a master salesman (not an endorsement of Trump, just an observation). Full disclosure: My mom was a realtor and she can still sell ice cubes to Eskimos. When I rented my first apartment at age 18, my mom negotiated down the rent by pointing out flaws with the apartment. The landlady was so intimidated she knocked 20% off the rent.😂

[@MichaelBordenaro]

Ha ha good one on the best salesforce ever! I personally was never interested in investing in the Midwest because of the reasons you mention. But I’m getting sick of the boom and bust cycle’s as well and there’s something to be said about stability. I’ll probably be be giving it a second look.

[@360MIX]

Nice... My old hood... NE 89th Street...

[@Tricia2023]

I thought you said it is going to crash a few months back ! So which is it ? I heard Apr is going to be as high as 10 percent soon 😮

[@fueledbymusic3]

You said in another video that a crash was declared a couple months ago

[@MichaelBordenaro]

Well, you know how the news works. They can just change their mind!

[@onedropontv8863]

Next Fed meeting will be a total disaster for investments. I think fed will hike .75 on next meeting. High interest rates will remain through 2024. Anyone who’s doing a 1-2 year buy down will be in for a big surprise when they realize they won’t be getting lower interest rates anytime soon.

[@jimshoe402]

.25 or .50 Gives some time to Adjust But I want ONE % 😁😁😁😁

[@mykedoes4099]

08:15 When those Yachts disappear then the crash is here .

[@MichaelBordenaro]

Ha ha but they won’t disappear because like all wealth it doesn’t disappear it just gets transferred😉 same yacht new owner

[@piRatCaptain]

Realtors need to make deals. If they don't make deals they don't pay their dues. NAR needs their dues.

[@MichaelBordenaro]

Bingo

[@rogerpatterson7106]

The cream is starting to come to the top

[@whoistheroach136]

Not seeing any perceptible change in people's spending habits. Don't see the crash yet.

[@xatowski]

I'm currently in a position where I have to sell my house and move to south Florida. I thought my only option was to buy but your videos have convinced me I should rent for a year and stay flexible. I'll put the money I earn from selling into a high yield savings account and ride out this wave of uncertainty and hopefully buy a house next year at a much better price/interest rate. Thanks for your amazing insight!

[@eh7599]

Housing prices could also go way up. You will be in a big problem if that occurs.

[@eh7599]

You are a gambler! Roll the dice!

[@jimshoe402]

@@eh7599 Correct that's not NYC and Nashville NEVER went Down !!!

[@fazotakeiteasy]

Nice video as always Michael... keep them rolling !

[@MichaelBordenaro]

you know I’ll keep them coming!

[@robertburns576]

Which model of iPhone are you filming this with?

[@sunnybhatti9567]

Thanks Michael, for eye openers in ur every vlog.

[@gabrielc2453]

I don’t believe anything that realtors say . They definitely will say that because they are sellers they sell houses . They don’t want you to stop buying houses. Im a investor im just being patient to bug in discount

[@MichaelBordenaro]

I don’t blame you many of them will say anything to make a deal

[@jimshoe402]

That $175K Condo assessment made CBS Miami TV..😁😁😁

[@MichaelBordenaro]

Yes, it did!!

[@jod5834]

Thanks

[@pablo81778]

That year over year number is such a silly stat. Real estate is such a slow moving industry that why in the world would anyone put any perspective on the trends with a stat like this which would go back one whole year. That is a very long time.