How The Real Estate Market Will Go From Bad To WORSE...

The real estate market is BAD right now but this is just the beginning. Things are about to go from bad to worse so it’s important you know WHY & HOW so you can gear up for this rollercoaster!
It Has Begun... | Las Vegas Real Estate (July Update)
• It Has Begun... | Las...
▸ It's Officially TIME To Say... | Las Vegas Real Estate Market Update
• It's Officially TIME T...
✅ Reach out anytime for Las Vegas real estate help!
Bryan Lebo | TheLeboGroup (Real Estate)
📲 702.501.6345
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#LasVegas #HousingMarket #RealEstate #specialnews

[@billywilly1035]

The best real estate content from Las Vegas

[@katiecarlson7764]

Hi Brian, 25 year agent here, you absolutely nailed it. I leaned hard lessons myself back in 2008. I cut my spending a few months ago. Buckle up!

[@M1Fortunes]

Super informative. TY

[@evolverespiritus3990]

Great video. People need to hear information and advice like that. Thank you for the video.

[@alexschramm9062]

Thank you for your insightful and informative market update.

[@jomargalvez2359]

Thank you for telling the truth no matter how ugly the truth is . I appreciate your honesty

[@aliabd236]

Thank you for the great information .

[@kcookie88]

Great analysis & recommendations! Literally what I’ve been saying. Not depressing BUT real. Good job 👏🏽

[@DemetriusOnTheMove]

#TeamLebo dropping HEAT ROCKS!!! Great info

[@leboknows]

Appreciate it!!

[@garyd599]

This guy is one of the best clear and concise presenters on this subject out there. I don't live in Vegas but the info is relevant everywhere. Listen to him!

[@lisak3489]

Omg! I just came across your channel…just subscribed! You are straight up and your facts back it up. Mahalo🌺

[@leboknows]

Thanks so much for the love! More to come!

[@michaelcummings8119]

Great 👍 information . We love your honest breakdown

[@slowmotionforme8715]

This is phenomenal content. Not just reading data or news reports but providing analysis as well. More content please!

[@krysroc]

You have been with us through these crazy times from day 1, giving us facts rather than trying to provide useless shock-value material. Thank you for providing content with integrity!!🤗

[@leboknows]

Thank you so much for the compliment. Stay tuned! More to come!

[@360andie]

Great job with the video. Keep it up!!

[@leboknows]

Thanks for the compliment Andie!

[@gloofisearch]

Great video. Love your information and common sense. Most people just don't have that.

[@ellesocal6121]

Just discovered your channel and love the reality real estate speech! You speak the truth! Such a relief to finally hear this vs. Many other real estate channels doesn't fully accept the new reality or they don't know but act like they are specialist of this market! 😀

[@leboknows]

So glad you appreciated my straight forward approach! Been the same for an entire decade! Welcome along!

[@davidmiller2927]

Huge fan. I feel like you provide every fundamental for all of this to make sense.

[@OneRentalataTime]

Love it!! July 20 is going to be interesting

[@herbertadams8681]

good job you got it

[@Vangaurdaz]

Nice job with the market predictions and rational behind the projections.

[@leboknows]

Thanks John. Much appreciated!

[@DrewskiOne]

Great game plan for the next 12 months. Thanks for the content!

[@daviddarby]

Yep 👍 Lived that kind of prior life 2006 and then watched the rest fall and BINGO you nailed it, a race to the bottom.

[@faithteamrealestate2938]

Bryan - your videos are amazing! So proud of you!

[@leboknows]

Thanks so much!

[@seannotaro473]

Awesome content!

[@leboknows]

Thanks!

[@m2steve2m]

Regardless if the prediction comes true or not the life advice in this video is very true and valuable

[@OneRentalataTime]

MOL - Genius!! This was amazing!!

[@grownupgaming]

wow just came across this channel..subscribed immediately!

[@leboknows]

Thank you so much for subscribing! Much more to come!

[@neverdown222]

Dump your home! Live in a van down by the river! Smart! Buy your house back for Pennie’s on the dollar when market house crashes next year! Smart!

[@wormhole-r3l]

Well done

[@ddemyanek]

Thank you so much for making these videos. I have been scouring the internet looking for clear, informed projections on the Vegas (and national) housing market. Your videos are the best I have found by far. I am already planning to list my Green Valley townhome this month, but now I am going to make sure I list it asap.

[@daviddarby]

It will sit quietly

[@ddemyanek]

@@daviddarby Thanks David. I’ll report back with an update after it sells 👍🏽

[@MyMaxigirl]

@@daviddarby 😂

[@leboknows]

My pleasure! But where's my call to list it for you Dylan! 😉

[@nobodyspecial891]

This dude is amazing!!! He deserves a million subscribers. Did anyone see his video on the water situation? This dude is very underrated

[@AX-Driver]

Fantastic summary. I've been a RE investor through two crashes and they are painful. But, it is about being liquid and survival. And, one must be liquid enough to take advantage on the backside. The first crash I was totally leveraged and found myself buying used appliances from the Pennysaver in order to keep my rentals afloat. I made it through but it was touch and go. The second one I was still pretty thin but sold far from the top but at a time when I realized it made sense to sell my "pretty" properties to "retail" investors and buy highly distressed properties at auction. It was a bad time but I never was in a position to be wiped out. This time, I loaded up with liquidity about 15 months ago knowing we would be in for a tough time within the next 1-3 years I'm not selling any of my rentals since that isn't necessary and is counter productive for what is an aberation (correction). But, I'm ready to buy plenty once values get back to roughly 2018 prices which is where I think they will end up.

[@leboknows]

Yup.. You sound like a seasoned veteran. Same moves I made this past year as well!

[@koko-zy8xd]

FACTS!💯

[@Mister_DMG]

That's where I met you Bryan, at the Trustee Sale. We were buying and re-selling 15-20 houses a day!

[@leboknows]

Hey buddy... Yup, good times!

[@jermon983]

Once again one of the very few reasonable voices with a functioning brain. On KZbin I really enjoy thank you for all your hard work.

[@leboknows]

Albeit "semi-functional" at times! 😂 Thanks so much for watching Jermon.

[@warren7838]

Thanks - very informative. Are we looking at return to 2021 pricing? 2020? Worse?

[@goldenwarrior5664]

2010 price

[@teamsynergy2009]

Bryan - Where do you see Vegas rental prices going? How low? How quickly?

[@ohyeahhh3221]

Opened put positions on home builders last week, hope they pay off 👍🏽

[@madusonkeeper]

Definitely more coming on market!

[@aishanusoul]

The "Game over" slide 🤣 lol

[@mbm8404]

The only thing “depressing” about this video is that I might have to wait a year to buy forever home at a decent price.

[@maryurdahl5918]

What about in markets where there is no new construction- like 2nd home markets? I assume those would act the same since the first thing to go would be a 2nd property? Or would they be more sheltered?

[@okimitchell1043]

Dude has a body of a professional athlete and the brain of an professional advisor. I'm so jealous 😊

[@leboknows]

Hahahaha... Now thats one helluva compliment. Thank you! 👏

[@sigsour2543]

LOVE YA MAN FROM NORTHERN NEVADA

[@leboknows]

Thanks for the love Sig!

[@marcuslinn8330]

Truth Material things become worthless when they end up owning you!! Awesome vids!!

[@michaelcummings1865]

Mr.Lebo is one of the most honest real estate agents in Las Vegas. I have been tracking LVreal estate and he is absolutely correct. The other LV real estate podcasts are all saying your better off buying now before interest rates go up. Real estate 101 your better off buying lower(in six months) with a possibly and probably higher interest rate as you can refi when the rates eventually go down but you cant change a houses value when its way down in a half year. As for myself I see really slow open houses now that I did not see even a month ago. Its obvious These other agents are only interested in commissions. GREAT information here . Much appreciated Mr.Lebo

[@leboknows]

Howdy! 😉

[@therealmac1044]

We’re I’m at bro there is no such thing as down turn . Maybe a little it all depends what area you are in . Most of these good areas everyone wants won’t hit that bad or even nothing .

[@markoraimius4339]

In the 2007 to 2009 crash it took the housing market 5 years to bottom in Vegas The stock market crashed as well. Adjustable rate loans were crushing people as well. It took a lot of really bad stuff across the country all combined to crash the market that hard. Unless a black swan event occurs this crash may not be as bad or as long. Back then banks gave loans to anyone and it pulled sales forward several years. That did not happen this time. There is much more pent up demand this time.

[@leboknows]

Great question. Stay tuned. I may use this in an upcoming "Q&A" video!

[@patrickm9953]

M.O.T. Very good idea

[@jennifertran24]

Trying to get rid of things and move to Vegas within the year to establish an employment foundation then buy when the houses r cheaper. Hopefully we can find income close to what we make now so we can make it happen. Cross fingers.

[@seanandjohncrap]

Buddy the algorithm has picked you up, get ready for exponential growth. 2 days in a row I got recommended you lol.

[@leboknows]

Thanks so much for the comment and I hope you're correct!

[@thejokerspeaks]

I saw the black eye in the thumbnail, and assumed you explained to a seller market conditions, why they should drop the price by $10K! Great reminder to tighten our belts in turbulent times. I've been driving a used Ford Sport Trac for 11 years, starting to get expensive on upkeep, so we're tempted to get newish Honda Ridgeline. I think we'll wait till December when we can comfortably pay cash, and find an end of the year deal.

[@leboknows]

Best of luck with the new ride!

[@ManInTheBigHat]

Helena, Montana where I'm looking, things are selling very fast for a lot of money.

[@mchristr]

Zillow shows about 250 properties in the greater Helena area, with discounts up to 8%, and 30 days or more on the market pretty common.

[@bashidi]

i believe you hit it on the NOSE.Im in L.A and im seeing houses stay on the market now for over 2 months.My neighborhood is called leimert park,the epicenter of urban gentrification.Just 3months back open houses will pop up and sell that day,not anymore.Im gonna wait it out but im defenitely interested in buying a condo in vegas..thx again for keepin it 100!! #ieatinthestreets

[@onetwo12onetwo526]

Rent 6 months at a time

[@e5toro7008]

Get the hell outta there while you still can! Da streetz iz a mutha!

[@ginaspikes2289]

Some house cost 100.000 $ compared. To last year

[@meetleo5462]

First off your amazing. But it fills like I am school. Make you shows walking or get ride of background and get up in close. Then open to all USA

[@Bekka241]

I need to make a lateral move. Get out of a house that's just not for me. Not sure when is a good time.

[@zenamen5221]

We've been looking for a house to buy for 1 year. Checking homes for 8 hours a day - every single day. I happen to think it's a great time to buy RIGHT NOW. I'm not looking in LV, however. We've looked across the Nation, even Hawaii. Truly it's going to be fun.

[@aussieexpat]

Wild man. Not gonna say you're wrong. Feeling a little guilty buying a few (actually a lot of) luxury watches last year!

[@elizabethblane201]

Do watches generate income?

[@aussieexpat]

They generate enjoyment 😉 but yeah, the liquidity is toast for watches. Just like real estate the prices are still high but exiting is a completely different matter.

[@leboknows]

Fortunately for me I've never been a jewelry / watch kinda guy. But hopefully you're enjoying your timepieces. Look, I've got HUNDREDS of pairs of shoes, disgusting amounts of old technology, and spend way to much on cars since I'm a "car guy". We all have our "things" right. Can't always life life 100% prudently. We all indulge in "odd obsessions". What matters is that its within the scope of your discretionary income / savings. As long as you don't NEED the money, enjoy them bud!

[@aussieexpat]

@@leboknows thanks man! Yeah zero other indulgences, I love cars but just don't feel the need to own one. Keeping it reasonable!

[@johnpalacios5914]

I’m currently in the market for Rental Property in Vegas. I’ve been watching the inventory skyrocket. I’m nervous about waiting due to interest rates but I’m very interested in the July 20th prediction. Maybe it’d be worth the wait.

[@TheBandit7613]

Be patient. Wait for the bottom to drop out. Then buy every property you can get your hands on. Vegas crashes hard then rebounds even harder. I can hardly wait!

[@johnpalacios5914]

@@TheBandit7613 how long till you think we’ll see price drops?

[@TheBandit7613]

@@johnpalacios5914 I'm not sure. I've been waiting for this to happen for over a year. I knew this was coming. Let me give you a for instance. In 08' I picked up a house for $55k. I sold it last year for $350k. I believe the same opportunity will be knocking. Watch the market closely. It's a guess when the market hits bottom. We don't have to get it perfect though. And the market here in Vegas rebounds really fast. I've been prepared for this. I'll probably pick up three or four houses this time. I still think this is early in the downturn. I think we have a ways to go. Be patient.

[@nirtlocj]

Dont be afraid of high interest rates. High interest rates will simply drive prices even lower.

[@jermon983]

Same here its scary especially on the higher end and luxury sides. Those pre foreclosure's are very telling of what's to come....

[@robertkozak]

subed

[@chloeswigs3680]

is just about the las vegas market ?

[@Jayla-dj2gj]

Are you saying the affordable range of housing will not come down 15-30% over the next 6-12months only the luxury market will.

[@AngelMartinez-eu6nx]

What goes up must come down

[@katiecarlson7764]

What do think will happen with Open Door? They sent me an offer on a property I own that is not for sale, crazy offer. How can they keep buying these homes for top dollar in a declining market?

[@leboknows]

Katie, thats SOOO funny you said that. Well, let me say that Opendoor has already changed their offers considerably. I'm actually working on a video as we speak about Opendoor. Should be out in the next few weeks! I'm sure I can answer many of your questions in the video!

[@TimHunold]

Truth bombs here!

[@TheBerlyn186]

Everyone that bought stuff during the good times cars home etc didn’t expect inflation on food and other necessities

[@Mountainman524]

Good thank God. Cheaper homes is good for the majority of people.

[@stigjr2410]

It's simple, never catch a falling knife.

[@e5toro7008]

One thing to note is to continue to save up even more money for a future down-payment. When housing drops and rates are high lenders are going to require larger down-payments to lower their risks. Unless you qualify for FHA or VA loans I see banks asking upwards of 25% and over.

[@mikegagliarducci875]

Thats unrealistic for most and lenders know that.

[@e5toro7008]

@@mikegagliarducci875 Yup. And unless you have enough capital or resources to meet their guidelines they're not going to take that chance on you. Unless of course you qualify for FHA/VA as I mentioned before. That might be the new normal until prices & rates cool off which could be up to a year from now and well past that.

[@e5toro7008]

@@gemineyeintuition6626 He got greedy. Probably thought the high values would last forever. That blown opportunity is going to end up costing him wayyy more than the $8K in closing costs he could have covered.

[@runnn3107]

@@e5toro7008 Your theory is only valid until another lender “drops their pants” and starts accepting 10% or so down… when your belly is full you turn your nose at food you’d typically eat. However, once your belly is empty, then you’ll eat dirt regardless of how it tastes. Human nature is human nature… banks, credit unions and etc are nothing more than large herds of sheep-follow the leader is the order of the day.

[@Jody8337]

I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $960,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.

[@SimonKelly7836]

Investing in stocks is a good idea, a good trading system would put you through many days of success.

[@kendrickshaw8852]

Interesting. I have a lump sum doing absolutely nothing at all in my bank account, I wanna get something started with it. You seem to be doing excellent for yourself, how do you achieve this?

[@Jody8337]

@Doukas Amal Hello Do you trade on your own?

[@Jody8337]

@Doukas Amal That's impressive. Are you giving her your money or the money stays in your trading account? What's really the idea behind copying trades.

[@Jody8337]

@Doukas Amal Is her service available outside of the US? As her broker is registered in the US.

[@gordongekko4752]

1. I miss the liar or NINJA loans. NINJA = No Income, No Job, No Assets. No problem. Sign here! LOL> 2. Japanese mother family rule #4. Save one-half your paycheck. There is no unemployment insurance, welfare, food stamps, social security, retirement, health care, etc. There is only you! 3. Six years ago, we bought a house in Clark County Nevada at one-half of what we could afford. 4. Thanks, Mom!

[@leilanidarien7861]

Different this time ? Almost all Bitcoin metrics are now hinting at a price bottom ,Bitcoin investors face mixed sentiment as some think the bottom is very dangerous at this time to investors . Meanwhile , others fear the impact that a global recession could have on risk assets . For this reason , traders should analyze derivatives markets data to understand if traders are pricing higher odd of a downturn. Despite currently holding an extremely low futures premium (Basis rate ), the market has kept a balanced demand between leverage buyer and sellers . To exclude externalities specific to the futures instrument , trades must also analyze the Bitcoin option market . For instance , the 25% delta skew shows when Bitcoin whales and arbitrage desk are overcharging for downside or upside protection During bearish market , options investors gives higher odd for a price crash , causing the skew indicators to rise above 12%. As an investor , I will urge all Investors to Buy and not to hold but engage into Day-Trading in other to Grow and accumulate profits in their portfolio not to run at loss . I have been able to get profits of 5.5(BTC) in less than 5 weeks using signals alert provided by Dr Oscar Aldrich . Dr Aldrich can be contacted via What's app : [phone] Telegram Oscar_Trade * for further inquiries in any crypto related issues .

[@Filesik]

there are very few genuine people left in the world but Mr Oscar Aldrich is one to behold when it comes to trust and helping you understand the market. He's someone you can rely on🖐

[@kenyonalijah2570]

I just sent him a detailed message on the telegram app, I hope he's open to assist me.✋🏽

[@DionTalkFinancialFreedom]

We are financially free when we have endless MOLs. Income we don’t work for is more than our living expenses.

[@patrickprendergast9589]

new video today i hope

[@firemustburn]

I put down Ernest money on a 350,000 townhouse in Vegas, I’m think about not getting the house. What would you recommend?

[@AB-fq4mr]

Would you feel fine if you lost $50000 in equity next year? If yes then buy it.

[@jennifertran24]

Oh townhouses gonna go down in price for sure. Depends how much Ernest money ur willing to loose I guess.

[@raytrack3552]

I may be wrong but I think institutional money were the biggest net purchasers in the housing market over the past 12-24 months. Has this been common in the past? Will these institutions flood the market with their over-priced purchases?

[@leboknows]

Stay tuned. I'm going to likely use your question in an upcoming "Q&A" video! Great question!

[@TheBerlyn186]

If you stop spending money then there goes someone’s income then there goes lay-offs

[@bobsibert1968]

This real estate crashola is going to be very very bad!!

[@nirtlocj]

Excellent video, Brian. But if you think there’s the slightest chance the Federal Reserve can tame inflation with these measly rate hikes, you are very much mistaken. In the late 1970’s, Fed chairman Paul Volker had to raise interest rates to 20% ( yes, 20%!) to get inflation under control. There is zero chance- yes, I said zero- that inflation goes back to normal, or that it even goes down appreciably. If Fed clown Powell even gets up to 4% or 5% the federal deficit will balloon and/or the general economy will crater.

[@leboknows]

While an accurate comparison, I think the point is that they learned from the mistakes made in the late '70s. Ultimately, I try to "stay in my lane" with regards to macro-economics as I don't claim to be an economist. Any opinions I have on these subjects are based on research and conversations with incredibly intelligent, connected and high net-worth individuals who tend to be quite accurate regarding these situations in years past. I guess we'll see what 2023 brings. Either way, thank you so much for subscribing and commenting!

[@jorgegrealty]

It will be bad, but not that bad hopefully. (Soft landing)

[@saraf9081]

You must have watched Amber Heard bruise kit tutorial, I mean makeup 💄 kit

[@leboknows]

Hahahaha.. God I wish I could reply with the type of humor this deserves!!!! 😬 I'll just say "thanks" for now and be "diplomatic" 😉

[@grownupgaming]

deuces man!

[@leboknows]

Hahaha... I think you're the first to pick up on this. It'll make sense very soon! ;)

[@J03LRl0S]

This guy knows his Star Wars references. I will subscribe for the data but stay for more nerd references.

[@leboknows]

Hahahaha... If you only knew man! 😉 Thanks for the compliments and stay tuned!

[@TheBandit7613]

Las Vegas crashes fast. Fortunately it bounces back just as fast. This is a great opportunity to make a lot of money. I can hardly wait. This is good news.

[@joycebarnett6035]

Finally a man with a brain

[@leboknows]

Thanks for the love Joyce!

[@onetwo12onetwo526]

WOW The fact that this guy has 200 views let's all know No 1 likes truth

[@leboknows]

Well, it got better. But you aren't kidding. I should make cat videos! 😉

[@onetwo12onetwo526]

@@leboknows Go ahead and hit prime time you have something that soooooo many overlook tonality and fluff can't beat delivery salute.

[@SuperLooneyrooney]

Good news. Looking forward to wait for more sellers to get desperate. For those who lived well beyond their means the past 13 years, that's too bad and hope you learned your lesson well. You will understand what it is like to have 10+% mortgages and downsize your life. Tough times make tough people.

[@robertmcgee7083]

Bad to worse depends on weather your a buyer or seller. High prices only benefit sellers and the government. It went from bad to worse a while ago! From a buyers perspective.

[@stickystuff1001]

You guys made a lot of money now its doomsday. For you. Hooray for buyers who are looking in the 250k range.

[@grownupgaming]

Y'all, do you know what sets this crash video apart from all those other youtubers? He's only calling crash recently... not like for 18 months like a lot of other youtubers, that if you had listened to them you would have lost out on 40% gains already.

[@bulcub]

Out of stater's will buy when there is CARNAGE!!! Pay off your debts completely and create that Real Estate warchest

[@stephaniemiller5165]

Comment below so very true. Had it been a scandal political talk about one or the other he would have 123k views.

[@Paper.Power.Politics]

Can you please provide your sources for data , because there is some statements you made that don’t match the actual data that’s out there! Like the median home price being up by a very small percent up from last month. And several other statements you made. There is no data that’s supports claims of a housing market crash, a cool off in the market was expected after Covid and higher interest rates! But In no way is it a housing crash. Sure there is a cool off, home prices will regulate a little , but best believe houses will only continue to rise in value! There is no crash happening and we are years away from a real housing market correction!! A lot of people have a lot of equity in their homes good loans which means it would be cheaper for them to stay in their homes versus buying a new home the unemployment rate is still at low levels which means people can pay for their homes like I said please provide your sources of where you are getting your data from.

[@leboknows]

Well, to be frank, I'm not sure what "data" you're referring to regarding a pending housing crash. Data can be skewed to fit whatever narrative you're attempting to illustrate. (I've covered this before). As for sales data, inventory levels, etc. that comes DIRECTLY from the Las Vegas MLS as I'm a member and have access. I've covered the median price situation numerous times on my channel. (With regards to why the data supplied to the media is less accurate). Hope that helps.

[@mikegagliarducci875]

With the all around shit economy I can’t wait for the housing market to fall, this is great news. I am just waiting on the sidelines paying off credit cards and saving money. I am gonna feast picking on the bones of the foolish people who thought they were big time Charlie spending money like politicians!

[@nealdossett9383]

You enjoy seeing people suffer

[@bulcub]

For any buyer, if you don't have a plan, then you will not get what you SEEK!!

[@jimlee4815]

I swear I see the same scam 10 times a day

[@gordonknight2676]

Not much info in this one, I'll give you one more try.