The TRUTH About The 2023 Housing Market Crash

[@MinorityMindset]

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[@hinstoncarachi1373]

You forgot to add that the house cost the same but whit all this printing money from fed whit the ripo market and checks from the government to help families whit the pandemic , we have an inflation.

[@hinstoncarachi1373]

You forgot to add that the house cost the same but whit all this printing money from fed whit the ripo market and checks from the government to help families whit the pandemic , we have an inflation.

[@chaffejcarraway]

Yeah Jaspreet, what does inflation mean for home prices going forward?

[@RealHomeRecording]

The pandemic shutdowns? That's the type of action that starts civil wars. Desperate people live in desperate times and those call for desperate measures in order to survive, I'd hate to say. Or at the very least a ton of politicians will be removed from office at the ballot box. One who would not destroy the economy and hopefully have the ideas to rebuild it.

[@dr.kawasaki7380]

*Now this, is Gold!* Sweet historical analysis and comparisons, Minority mindset brings quality like this once a month in video format, I would be happy to pay for it in subscription. Well done!

[@jacksonpohl]

I think a housing crash will happen because all those people who bought homes over asking price, although it was at a low interest rate, they are over their heads. They have no equity if the housing prices continue to go down, and if for whatever reason they cannot afford the house anymore and it goes into foreclosure because even if they try to sell, they will not make any money. I think this will happen to a lot of people especially with the massive layoff predicted for the future and the cost of living rising at a high speed.

[@sophia253]

For 2023, it’s actually hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.

[@michealliam8189]

I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!

[@joshbarney114]

You are right! I diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.

[@jcurdrayeric243]

@@joshbarney114 That's impressive, my portfolio have been tanking all year, tried learning new strategies to gain in the current market but all of that flew right over head, please would you mind recommending the invt-adviser you're using?

[@joshbarney114]

@@jcurdrayeric243 I thoroughly recommend Colleen Janie Towe, an investment advisor who is subject to US SEC regulation. She has assisted me with my portfolio for many years. Look her up online; she's a well-known figure.

[@stjepanhauser7595]

I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks.I believe having 75K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a Fin-Advisor) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities.,

[@stjepanhauser7595]

@Tommy Jacob please who is the expert guiding you? i have lost so much as a beginner🥺 investing into stock without a proper guidiance of an expert.

[@stjepanhauser7595]

@Tommy Jacob Thanks, I just searched him up on google and I'm super impressed with his qualifications. Have contacted him through his webpage to hear what he has to say about my situation.

[@JOHN-sk4xq]

I have an MBA from USC and have been in the real estate and mortgage business 15 years and this is one of the best explanations of the real estate And mortgage industry of the past 20 years. Well done 👏

[@bebecremita10]

Its an MBA Street explanation

[@CHEFPKR]

I went through 2008 crash while in the construction industry. Variable interest killed people... Lock in your rates.

[@CHEFPKR]

@@mr.c9367 the issue is that the crash makes people nervous if they are home buyers who want to get in for the long run. My wife and I are buying a new home next month and the mortgage will be the same we are paying now, but for new built and bigger. Since we are staying for 10-15 years, the crash does not really hit us.

[@retro8919]

Your rate (fixed or variable) doesn’t matter when you’re unemployed now does it?

[@Andy-kw5nw]

I’ll meet you halfway in agreement with your comment, I know people that bought homes with fixed rate and foreclosed within 5 years. They had no business buying a house in the first place. First time homebuyers that have no experience in being consistent with monthly payments of 2000$. I’m from South Florida which was ground zero of the crisis.

[@samjordan8800]

@CHEFPK Variable interest rates also killed the real estate market in the 1990s, too! I think I see a PATTERN here! Yup! Avoid variable interest rates - unless YOU'RE the one loaning the money! Also, if the housing market crashes and your property is worth half what you paid for it, rent it out if you can. When the 2008 crash hit, rents went almost through the roof! So if you can rent it out (even if you just put a small room on AirBNB) try to ride it out because things will eventually come back.

[@redskinjim]

@axertrybalWe are gay dragons

[@FNGACADEMY]

This guy is so enjoyable to watch and listen to.

[@normgraham6658]

I've been a real estate appraiser for over 20 years. This explanation is pretty spot on and the speculation in the appraiser forums is the same. Home prices cannot keep going up. What goes up, comes down.

[@yuema2078]

This is the most rational video about the "upcoming housing market crash". Nicely done!

[@tbd5082]

Really?

[@rosethornil]

I agree. This is a very sensible explanation of what is happening now and what will PROBABLY happen in the next few years.

[@1titans]

There wont be a crash, there's going to be more inflation. The prices will probably drop but only after they have already skyrocketed

[@mauriciogonzalez6302]

Do you believe there’s a housing bubble? Do you own a home?

[@christophermichaelson1598]

@@rosethornil history repeats itself..

[@nutritioncoachjo]

That was probably the most clear explanation I have heard on the past and future of the real estate market that was easy to understand and which made the most sense. I like the way you pointed out the three different scenarios and didn’t just say everting is going to come crashing down in 2021 like most experts. I am not an investor but have purchased enough homes to know that the economic effects on the real estate market are indeed slow. Whatever is gonna happen with the real estate market, it’s not going to be overnight but over a longer period of time. Great video! 👍

[@orangeblock3792]

Wholeheartedly agree.

[@FuturePsychNurse]

I will definitely continue to save my down payment. 2022 is definitely the year I want to buy a small condo or duplex.

[@patrickglennon6834]

not really, house prices fell off a cliff in 2008

[@salvatoretornabene9524]

His time line is wrong. If it was 2017 from 2004 you would have paid about 60 to 70 thousand down on you equity. Not hating just get it right

[@lindaperez-guerrero4265]

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[@lindaperez-guerrero4265]

After a successful investments with him i was able to trade by myself

[@liusjenny7757]

From my recent research, I ve been seeing the same name Kelly, He much be unique in his dealings

[@andersonmccall1082]

Oh!! Sir Kelly Currently still earning under his platform.

[@alexiadaley3513]

Failure defeats losers but inspires winner. Be calm and trade with Sir Kelly

[@alexiadaley3513]

He's magical

[@TheHolySC]

Most people can't buy homes because they are too expensive. A crash would actually help a lot of people finally be able to buy in.

[@antbanks415]

a crash will never happen. Real estate will never go down again.

[@TheHolySC]

@@antbanks415 It is all supply and demand. Maybe not nationwide, but it is certainly possible for specific areas to see major hits, especially if people don't want to live there anymore.

[@xxxxMonkeyGirlxxxx]

Not in the popular cities. Investors know housing prices are overvalued and are sitting on cash waiting for things to go down so they can buy and rent out. So if there were to be a crash you are most likely going to be hearing about all cash investors having bidding wars to buy up properties.

[@thanos6874]

You can!t have a price crash if money is being printed a trillion dollars every day.

[@TheHolySC]

@@thanos6874 Value crash.

[@Angela-ne9cy]

This happened to my parents. They were sold a ridiculous homeloan by Wells Fargo about 15 (!!) years ago. Then talked into refinancing and rolling all their debts into the mortgage...at a 5.2% rate. As it stands, after ALL THAT TIME, they still owe $96k on the house, which is only worth $80k. And because they're underwater, they can't refinance. It's heartbreaking. Those banks are vultures.

[@2MasterBuilder2]

How much debt did they roll over? Was it $16k?

[@RealHomeRecording]

We the people should become the currency printers and the bankers should be asking us for loans!

[@Angela-ne9cy]

@@2MasterBuilder2 - no, it was closer to about $30k they rolled into their mortgage. They were told it was a brilliant financial move by (of course) their bank. They're still able to make their mortgage payments but they have no money left for anything else, including adding value to their home. It's a disaster.

[@thisismagacountry1318]

@@RealHomeRecording Spoken like a true Communist.

[@johnc2438]

@Biggundunho Yup... while there is plenty of finger pointing going on, you must also point a finger at the person you see in the mirror every morning!

[@PumaPete]

I work as a crane driver in the port of LA! The amount of cargo coming into this country is astounding right now. I’m working 7 nights a week and ships are sitting idle out in our anchorage waiting to be unloaded. I don’t know who’s buying all this stuff but it doesn’t look like a downturn in spending right now.

[@slavek033]

Christmas on the way, people stretching themselves ?

[@PumaPete]

@@slavek033 it usually slows down by now. We still have over 40 ships waiting at anchor to unload.

[@joannasaadati8810]

My husband manages a huge furniture warehouse here in Canada. They are selling out most of what is coming in their containers before it even gets to the warehouse. The prices of the containers went up to 3 times the cost so the furniture went up and they're still selling more than the last 5 years prior.

[@dpalacios11]

Cargo in what? Lumber? Construction?

[@PumaPete]

@@dpalacios11 cheap junk from china

[@streetlifetv13]

I see it everywhere banks convincing people fomo in with the low interest talk. But most people are buying too much home or buying houses that ain’t even worth their intrinsic value! Sitting on a lot of cash waiting for a house crash!

[@battletoads22]

I have a buddy whose older brother is in real estate, and we got to talking about property values the other night. Turns out, a lot of properties are being astronomically overvalued. Houses that are actually only worth $120K are being sold for $210K. A crash is probably coming, and I hope to be buying when it does.

[@junechang6915]

Lol houses where lI live are overvalued too. What’s silly is that people are bidding higher than the asking price.

[@xxxxMonkeyGirlxxxx]

A lot of investors are sitting on cash waiting for home prices to decline so I predict there will not be a another 2008 scenario as those investors will scoop them up to rent them out. In fact I predict even if there was a housing “crash” we would hear about cash bidding wars on houses being reported.

[@XFizzlepop-Berrytwist]

People have been saying this for a decade. I just cant see it, we have so many immigrants the gov lets in, and people wanting to buy homes, values just go up. We have too many people, and not enough homes, especially in cities.

[@terrillmel]

@@xxxxMonkeyGirlxxxx The demand right now is somewhat artificial. Most buyers are those with homes already. Very few first time home buyers. What has happened is that values have jumped by 6 figures in a few years and so people are feeling rich knowing they can profit 150k off of the home they literally purchased 4 years ago. They would not otherwise be looking to purchase. In this way the bubble creates the vast majority of the demand. Aside from the scenario I just described, I highly doubt there is enough pent up demand to keep people buying overpriced homes. Wages haven’t changed. Asset values have which is the fuel. It will come down.

[@xxxxMonkeyGirlxxxx]

@Dave Cockayne you are correct. It’s the large cities that will have this problem. For instance the average salary in Miami Dade county in Florida is $46k but the average home price is now $365k. All the northerners, retirees and foreigners are pushing up home prices to unrealistic levels. Corporate investors in this area have gone on record saying they are sitting on cash waiting for home prices to go down so they can go on a buying spree.

[@BRM202]

I was upside down on my house as well in 2011. I did a "Strategic Default" and let the bank have it. Best decision I ever made.

[@Mrkevi123]

Homes are not going up in value, the dollar is losing value. Let that sink in..

[@jayssecretstash]

Exactly, this is really visible in the precious metals market.

[@Vl7248]

Bingo. Home prices will crash “up”. Meaning the value of homes will increase nominally but the purchase power of that nominal value will be diminished. Neat trick!

[@AaBb-fb8yz]

Do you make twice as much than you did in 2012? If you do than I'd say you are right, it is inflation. However, statistics state that people got 5% wage increase while housing doubled in price. It's a bubble.

[@AaBb-fb8yz]

@@youngone1985 Do you remember 2018 mini stock market crash? It happened because they've tried to raise interest rates. There was a small precursor that nobody talks about: a repo crisis. The overnight lending rate between banks went through the roof. Why? Repo is the only way to short bond market. I give you a bond and you give me cash, less than face value of that bond. If I want my bond back, I'll have to pay you full price. Guess what, nobody wanted to lend money for bonds at current prices/rate. That was all hush hush. They've tried to fix it by raising interest rates but the stock market responded violently. The job of the Fed is to set prices by rigging the bond auction, making sure that no one can buy bonds at interest rates higher than what Fed sets. If Fed were to step back right now, the interest rate would explode. Remember the talk about yield curve inversion? That's caused by massive dump of bonds (tbills) and interest rate goes up naturally and Fed can't buy them fast enough. This shall happen again. Fed will lose control: stuck between hyperinflation and a dump on the bond market. The interest rates will go to double digits overnight. Lookup bond market crash. Many say it is happening right now. They will just look all confused and embarrassed in front of the cameras, trying to explain to the people, why interest rate is 30% right now, why houses are 1/10th of what they were and why stock market is back to 1990s... Seems crazy, but all it would take, is if the world suddenly decided that US government is done and can't pay their bills...

[@smokestrong1000]

not true. it's because interest was lowered which increased peoples' buying power. You're really dumb.

[@junechang6915]

Houses here are getting pretty expensive here than ever due to such low interest rate. People are buying houses like crazy. Houses here are in the market for 1 day, then it’s gone the next day. People are bidding higher than the asking price.

[@unknowndriver6652]

Make no sense they still have to pay monthly payments

[@mwloos1]

@@unknowndriver6652 Not if your looking at just the monthly payment and not overall price. I pay 1750 in rent, so if I want to continue paying that, I can buy up to a 330k house with these interest rates, with a down payment of course and still continue to pay what I do in rent (including insurance and taxes).

[@nicholaskloss6065]

@@unknowndriver6652 And just wait and see what happens to these people. Lack of inventory creates a sense of urgency to buy at any cost. Weeks later... buyers remorse. And in time it catches up to them. I feel today’s buyers market is creating tomorrow’s next foreclosure crisis to compound with those who are currently struggling to make it due to the pandemic.

[@juanvillafane9552]

@@mwloos1 people fail to understand how much capital is needed to purchase a home. I recently received my real estate license & I can assure you unless you have 10-15k minimum . You don’t have enough for all the fees assessments and closing costs .

[@jackofalldenton4347]

@@nicholaskloss6065 I had this exact same thought today.

[@ss-pm6oj]

ਬਾਈ ਜੀ ਸਭ ਤੋਂ ਵਧੀਆ ਗੱਲ਼ ਤੇਹਾਡੀ ਇਹ ਲਗਦੀ ਕਿ ਤੁਸੀਂ ਕਿਸੇ ਕਰਕੇ ਨਾਂ ਆਪਦਾ ਪਹਿਰਾਵਾ ਬਦਲਿਆ ਨਾਂ ਦਿੱਖ। ਬਹੁਤ ਵਾਰ ਵੇਖਿਆ ਕਈਂ ਬੰਦੇ ਹੋਰਾਂ ਵਰਗੇ ਦਿਸਣ ਵਾਸਤੇ ਕੋਈ ਪੱਗ ਛੋਟੀ ਕਰ ਲੈਂਦਾ ਤੇ ਕੋਈ ਪੱਗ ਬੰਨਣੀ ਛੱਡ ਜਾਂਦਾ। ਬਾਈ ਜੀ ਮਾਣ ਐ ਤੁਹਾਡੇ ਤੇ। As always Jaspreet ur video is very informative n looking ahead for more videos. Cheers!!!

[@ericl452]

I was looking to buy an investment property after the market crash in the spring of 2009. I remember the most incredable deals were in 2010. The problem was no one would loan money. You could be debt free and put 50% down and they still wouldn't loan money. By 2012, they banks would loan, with a lot of restrictions, but the best deals were already gone. The only way to do it in 2010 was to have the cash on hand to buy the property outright.

[@needparalegal]

Strange economy when home prices keep going up while wages are going down.

[@rag-web]

Soon we pay more for the property tax than we can ever earn at the age of 65.

[@needparalegal]

@@rag-web Not in Flyover Country....

[@thelastdon2025]

Exactly I was thinking this a few months ago !!

[@bestvideos4ever1]

@@3blenders its a race against stupidity itself, in pure shine of moronism

[@joeyork9891]

Thank you sir. I think I understand. You know how to explain it well

[@courajess]

This is the clearest explanation for me, a person who is not the most knowledgeable on the subject but wants to buy a home in 2021.

[@DanielAlmeida-yh5wk]

Very good explanation and great video. Make sure if you are going to buy a home do not buy it the traditional way using the enslavement of usury , because with usury let say you buy $300,000 home you will end up paying over $600,000 for that $300,000 home yes they are robbing you legally with usury. Look up the definition of usury in Wikipedia yes you will be shock with the definition. It says its unethical, wrong and is consider loan sharking. When you buy your in 2021 make sure you buy it through the emerging market which will allow you to digitize your home. That will give you the ability to buy your home with no down payment, no credit score, and no monthly payment and buy as many home as you want all with same process. The America dream has come true which will bring freedom, equity, wealth back to the people. Litter did the people know that President Trump was going to bring massive wealth to America and to its community by going to central banking system and eliminating the enslavement of usury. Look up and study about usury you will see that we have been Robb of our wealth and the banks is holding all our equity which is our wealth hostage.. Much blessing in your endeavors

[@CoreyPattakos]

In other words, if you’re looking to move right now you should rent. Wait 2-3 years and buy then. Exactly what I think too. Great video!

[@haveaniceday3290]

Or from an investors view develop what you have in your current pipeline, do not acquire any new properties unless it's an exceptional deal then wait for the crash and buy up as much as possible.

[@brucej.willson4764]

@@haveaniceday3290 what if you only have $15k in savings?

[@Je.rone_]

As someone who is not invested in real estate yet, a lower price point due to a crash is the luck a bruhda would need right now😂

[@alanheadrick7997]

My son is holding for a crash to buy in.

[@boujiebarbie3198]

I hope you get it Bruhda😁👍🏾

[@Malaka300]

@Black Vito, I was buying houses 40 cents to the dollar during the crash. If it happens again, I urge you to clean up.

[@xxxxMonkeyGirlxxxx]

A lot of investors are sitting on cash waiting for home prices to decline so I predict there will not be a another 2008 scenario as those investors will scoop them up to rent them out. In fact I predict even if there was a housing “crash” we would hear about cash bidding wars on houses being reported.

[@alanheadrick7997]

@@xxxxMonkeyGirlxxxx That is a possibility. There is a big rental company that does that, I forgot the name. Might have to get down into fixer uppers.

[@TOTALLYAWESOMECARPET]

This break down of the 2008 crash is absolutely beautiful. I am truly impressed my good sir. Thank you for the video.

[@Alvy.07]

For the first time I understand wtf happened in 08.

[@mr.one-of-a-kind8838]

Below!! I cannot say that word anymore without the emphasis.

[@BraTalian]

As above...

[@gabrieljpaul]

same! 😂

[@pedrowipp9597]

Facts!

[@MrMinglove]

I know..watch out BELOW. Thanks for your insight.

[@AnnieC-lf1ks]

😂🤣 Same!

[@advianjoseph]

I'm a visual learner, and I'm loving these Whiteboard explanation Videos 👍.

[@walkerpublications4418]

It is key to keep in mind, that banks did NOT put all the foreclosed property from this initial crash window back into the market for sale. This means, that banks "stabilized" the real estate market (especially in high-end properties) by NOT putting all foreclosed properties on the market for sale. Instead what they did was put the properties that were "high turn properties" (these are properties that many people could afford to purchase and make the payments). Today what is happening is the same thing, except homeowners are not putting their homes on the market or pulling them off the market if it looks like they are not going to get the profit from the sale of the home they want/need. This is creating an artificial shortage of homes for sale that is visible to the average buyer. However, many homes are being sold without using conventional real estate agents in person-to-person sales via networking (and I am not talking about the "rent to own" crowd, that is a different example). So basically, there is a growing percentage of home sales transactions that are private and do not show up in the "traditional statistics" on home sales. Keep in mind during the crash and post-crash period, Freddie Mac and Fannie Mae fell off the top 20 companies in the US and international top 20 companies--BUT, returned to those lists in 2011. These are dominated by government mortgages.

[@HailiangGow]

I think this pandemic has taught people the importance of multiple streams of income unfortunately having a job doesn't mean security. So I really appreciate your transparency and giving people a fighting chance during these troubling times

[@alexharrison2406]

My investment in stocks and crypto are really given the current increase 🥰..

[@jimxxh4416]

Crypto currency is the future.

[@patriciacartwright751]

Remember some precious metals.

[@carlosduran747]

You don't really need someone to tell you how to invest your coins, you can make research on your own and also try doing it yourself first.

[@greenwood6392]

Bitcoin has been around for over 11 years now and have risen to about $11,000 despite the price fluctuations it's still going to $13,000 soon.

[@paperbox819]

Actually the jobless rate in 2020 is much higher than what is on paper. They only count people on unemployment. So if you were a gig worker, musician, comedian, ect... and were not able to collect unemployment, you aren't shown as unemployed. Not to mention all the homeless people. That's right once you are no longer collecting unemployment you are not counted. This is a lot worse than 2008 and the moratorium on evictions is only kicking the can down the road. I think the levee is going to break on commercial real estate this time, not home owners. CBMS (commercial backed mortgage securities) will be the economic disaster in my analysis. Truth is at this point anything can cause the big crash.

[@Ethan-pd7nu]

Don't forget about all the people who were being paid through the PPP program and then will subsequently be terminated. We are looking at high unemployment for quite some time.

[@ANGslave]

Been screaming this at people for a decade. Most unemployed folks are uncounted.

[@thadoc5186]

This seems like fake news.

[@AlexZubarevAlexZ]

Actual unemployment is around 30%

[@austinbecton5341]

Wouldn't that be exactly the same in 2008 though? Those people weren't counted then, either, I assume? If so, the numbers should still be similar to 2008.

[@Silly540]

dont buy the houses until the prices go down, these prices are crazy high

[@ZAGAN-OZ]

Pretty much.

[@ImAyBeast]

Yup they’re going down sooner or later I see new homes being bought and families of 3 living there because they can’t afford to pay the mortgage without help .. in reality people buying at these prices is screwing it all up

[@aphilipdent]

Unfortunately the only way property values go down is when the neighborhood is in the toilet. The poor that can't work remotely will be trapped paying inflated rents in overcrowded units.

[@ZAGAN-OZ]

@@ImAyBeast that is what I am seeing too. Also people buy larger homes and rent out just to afford payment. Increases rent and house prices.

[@Shatamx]

Yea my buddy spent maybe over 60K of the asking price to get his house. He almost lost out the bid.

[@preisig79]

Great video! I'll also add that I've been fixing credit for the past 13 years and in the past 3 years I've seen the banks continue to lower their underwriting guidelines and FICO score requirements significantly to the point they are giving loans to borrowers who will absolutely default because of zero financial understanding.

[@augustinerubio2004]

Still comes down to ppl buying more house than they need. Just cause you're approved for 300k doesn't mean go buy a 300k house regardless of low interest rates. All these scenarios should be thought of before making the biggest purchase of your life 🤷🏻‍♂️

[@Fedex211]

Keeping up with the Joneses. I see it all the time and this is why most people dont build wealth. They are house poor and their biggest asset is their home. They end up trapping themselves and they only escape is the credit card until they cant pay it back.

[@augustinerubio2004]

@@Fedex211 Facts 💯

[@UltraJamZHD]

@ that’s not a bad idea though

[@Roberto_DeLeon]

Good luck finding a $300k house in LA. They’re all $500k +

[@augustinerubio2004]

@@Roberto_DeLeon Facts 💯 but I'm in Texas🤘 I love it out here

[@JoeDutchman]

I just got a sikh education on real-estate. Thank you!

[@justmyopinion9883]

Jaspreet, thank you for explaining this issue so clearly. Everyone who owns a home or is planning to buy a home or sell a home, should watch this video.

[@justmyopinion9883]

@Prayash Nepal I think it all depends on your circumstances/risk tolerance. I have advised my two adult children not to buy a house right now, but to wait and see if prices come down in another year or so. The housing market is very overpriced currently.

[@jamesd493]

Jaspreet is paying attention to Jobs, Forbearance, Home Values.... I'm paying attention to Jaspreet!

[@damnchyna7164]

I’ve been waiting for my moment 🥰👏🏼 is my time to shine. I missed the last housing crash that got people stunners for bargain prices

[@TheBoyBanks]

I know !!! $500k houses in nice areas were going for $250-300k, and now the prices of them homes have recovered and if you wanted to sell about 2-3 years ago you’d make a nice profit.. i am ready this time !!

[@marcfavell]

Agreed 👍 here in Canada you can buy a wartime house for under 100k now that same house is 350k when it pops it's going to pop

[@deadheadwsp705]

Idk if I’d be happy if I were you. Yes take advantage of the market, but this will cause people to lose retirement savings, homes, and go bankrupt. Definitely not something to be clapping about. Be a little less selfish

[@Shawnacl09]

I'm buying a condo right now. Prices are only going to drop a bit but by then interest rates will be higher. They have already increased this month. Don't try to time the market.

[@CaseyBurnsInvesting]

Interest rates, monthly payments, migration patterns, and rents are very important numbers to keep your eyes on.

[@rpatrick2]

Option 4: Hedge funds come in and set up management companies like they did in 2009-2012. For example in Phoenix.

[@godwhomismike]

I live in a small community in Northeast PA, which is a 2.5hr drive to NYC. With everyone home during COVID, all of the homes both on-sale and foreclosed and falling apart all sold. Not only did they all sell, but they were selling for way over asking prices. There is a lot of worry in the local community that either people can no longer afford two homes with how long this COVID is dragging on, or COVID suddenly ends and all of these homes all go back on the market. Either way, local government is starting to worry that there will be another huge housing crash in this area.

[@TheRetirementality]

I went broke in 2008 when the market crashed. I've used real estate to get a million $ net worth in the last 5 years. This is the best explanation I've seen. I've been predicting there will NOT be a real estate market crash. But I think I'm the only one predicting it. But, I enjoyed the video. New Sub.

[@TheNORegretShow]

"It's called the American Dream because you have to be asleep to believe it.-George Carlin

[@saiga12forme88]

You have to be asleep to miss it. Plenty of opportunity out there but not if you get home from work every day, plop on the couch and play on your phone/computer. No one said the American dream doesn't come with work. (Work to improve yourself, grow and learn, I'm not insulting the work ethic of the people that break their backs in their day job - day after day, but you need to invest some time into yourself to grow and THAT is where money starts to be made).

[@TheNORegretShow]

@@saiga12forme88Wow thanks for the book report

[@FGUNY]

There's my quote of the day..

[@quychang4471]

Larry R Only simple minded people quote George Carlin. Hahhahaaa!!!

[@andrewwhitaker5973]

Wow cool quote! Never heard that one before, ever. You're really original and smart, and I bet you're very successful too with that mindset.

[@qgmail9224]

I am glad that I got this recommendation from KZbin. I mean yes I need to do my own research but you simplified the thought processes for me. Thanks!

[@TheAndrewLopezFinancePodcast]

Wait... the housing market can crash? I thought it can only go up like STONKS!

[@r987p]

Pretty sure your right, up, up, up forever

[@shebababy85]

This is the BEST EXPLANATION out there.

[@69BTony]

This is exactly what happened to me in 2009, I bought while being told that the market had bottomed out and the values were on the rise. I sold in 2013 for a 40K loss.

[@Maverick09171]

There’s always rises and dips. If you would have rode it out another 5 years you probably would have been up 60 grand or more

[@kalmartube]

Thanks for putting things in perspective Jasprit.

[@KurtHokage]

Houses here are 5x what they used to be a decade ago

[@Phil..._]

Why you lying?

[@Mulatica89]

@@Phil..._ he’s right. My parents purchased a home for $190,000 and they sold it this year for 1.1 million. (This is in New York)

[@rag-web]

@@Mulatica89And what about the property taxes? I think these went from $3000 to $25000, that's over 8 times. Imagine a decade or 2 more and being 65 years old. Governments are pleased with this kind of increase in income.

[@markburton9614]

That's because a decade ago we were in the housing crash and prices had, well, crashed.

[@Maverick09171]

That’s not the norm. Most of the country is probably 1.5 - 2x what it was in 2010

[@Baebon6259]

My uncle bought a CA home for 400k in 2004. When the 2008 crash arrived, he sold it to my aunt for 300k and live in it as a renter. Now it is nearly 700k.

[@SongsoftheEons]

Great video. I'd add just one more factor that is causing upward pressure on prices now but downward pressure on prices later: the psychology of lockdown. Even now a lot of families like mine are relatively cooped up at home, and a nice pool, a few more rooms, and a bigger yard in a green neighborhood look REALLY nice right about not. Would we be feeling this same way if we were out in downtown or having family dinners at a nice restaurant every few days or taking vacations to Disney World? Probably not. I think this itch to buy can be multiplied over millions and million of Americans, and once the pandemic is under control, I believe we'll see this itch evaporate and all of the people who were shunted into buying a house earlier than they normally would have bought will no long be on the balance sheet. It's funny, but my wife and I have had to summon a herculean amount of self control to buy right now, but boy, does this whole situation stinks like 2006.

[@gratefullyglorifying9197]

Such a great point. Thanks for posting. 👌🏻

[@scubasteve3800]

What goes up must come down. It's only a matter of when.

[@thebearablebull3749]

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[@r987p]

@illawarrior hill lol 👍👍👍

[@martinsuper4545]

I feel this really goes to show when government manipulates the market they end up making things worse in the long run.

[@annab13]

Just like everything else 😂

[@DrCrabnuts]

@@annab13 “hurrrrrr regulations are bad”

[@annab13]

@@DrCrabnuts Who are you quoting?

[@ana-shareecohen1471]

The persons who disliked this video were apart of the 2008 crash and did not educate themselves on variable interest :)

[@olumideakingbade982]

Great to see the use of the whiteboard, Jas. It makes for a stickier messaging !

[@timporter2850]

The explanation I’m looking for is, in the 2008 housing crisis, what happened to PMI? And why does it still exist?

[@LionOfNobility]

I'm looking into being a first time home buyer, and I'm definitely nervous about buying in these crazy times!

[@Fedex211]

Dont do it to yourself. Wait it out. Interest rates are low and they will stay low for a long time. Stack your money until you can see more clearly what lies ahead. Homeownership has alot more costs associated to it than just PITI.

[@toddspangler6669]

Buy below the median home price for your area. I watched in 2008 - 2010 and the houses that got crushed were the more expensive ones 300-500k homes. Some dropped 100k, while the lower priced ones 85-150k were barely affected at all, maybe only 5-10k if that much.

[@RajKarma]

Buy a very very cheap house, try not to take any loan, a house like this will look like shit and would not be in the best location, but you will have no loan and a life time to turn it around & not having to pay rent will provide a decent amount to work on one project at a time. I know it might not be something you can brag about to your friends & family but this is how you hustle get out of the Rat Race.

[@azerogliev6520]

@@RajKarma and then be robbed or killed by thugs eh? bruh you give bad advises when it comes to home

[@billyingram5394]

Sounds like I should hold off to next year to buy a new house. Thanks for the Info man

[@DanielAlmeida-yh5wk]

If you buying a home the traditional way I would say yes hold on buying and do not buy it at you if your buying is traditional way. If you going to buy buy the emerging market and digitization way, so like that that you need no down, no credit score, and no monthly pay sound like out of this world. We have been enslave and put in boundage for over 100 years with usury thank God now there is freedom from that boundage. The Bible call usury a sin and wrong and actually usury has been called loan sharking

[@beaolmos2293]

Yes, but always keep your local real estate market in mind. Things are slighty different depending in the area.

[@grimiestofthereaper4162]

If you are buying to live, and can afford, i say buy it asap, but if you are buying for pure investment , not a good time right now.

[@rosemarythornton3593]

Bea, that's such a good point! When the market "crashed" in 2008, housing values in my neck of the woods (the Midwest) went down 10% or so. There just wasn't that much room to crash because they weren't that high to begin with!

[@TRAZ4004]

@@rosemarythornton3593 to add to your comment, my area (Austin, Tx) there was no correction in housing prices. Because the area is tech oriented, makes us one of the most recession proof in the nation.

[@troywooton9514]

My house cost 54,000 with a zero down payment. 434 a month with insurance and taxes. Fixed rate.

[@greekysimi]

Yo your channel teaches me soooo much man. Thank you!

[@rustynuts4426]

I agree to a point but a massive factor to house prices is Mortgage availability. Right now in the uk 5% and 10% deposit mortgages have vanished. 15% mortgages require a parent guarantor. And to get a decent rate you'll now need 30% deposit. That pretty much excludes all 1st time buyers. Without them we're all just house swapping

[@kamilien1]

That's the demand part. Less money means less demand.

[@americanbobtail1]

This is the United States, not the UK and our facts and circumstances are different, since you can get a loan with 3% down payment (HFA loan) and potentially 0% down payment for a Veterans Administration loan. It does not make sense to compare the countries with different sizes, governmental structures, population, and economies.

[@kamilien1]

@@americanbobtail1 This happens very often. Great point on the apples to oranges comparison. I think the same about healthcare. A percentage of their income tax covers ALL healthcare. ALL of our income tax would BARELY cover ALL healthcare costs.

[@jamesobrien7381]

I have to admit, even The Big Short didn't help me understand the 2008 crash but damn, this video explained it so bloody well.

[@lpadilla333]

This is the most informative video I’ve watched in 20 damn years explaining real estate trends. I totally agree with you. You absolutely did a great job 👏

[@IrishMexican]

Hi cousin 🙋

[@plavanvali]

Congrats, very well and clearly explained, to a simple person.

[@highlineprecision2052]

You are very knowledgeable and I absolutely enjoy listening to you talk about economics

[@alexzanderarmstrong]

Favourite part “I drew a new line”

[@a.boston160]

17:48 me toooo

[@cryptosam1923]

This man has shared great information, the real estate market is a ticking time bomb.

[@LifeWithRilla]

You came to a conclusion knowing it can go in any direction. I don't judge the market I let the market talk.

[@rohitjain0403]

Haha its April 2021 n u waiting for crash. Lol

[@brucej.willson4764]

Thanks to Black Rock buying everything out.

[@jrb5584]

Can you make a video on variable mortgage rate vs fixed rates and which is better?

[@guzman9011]

Or option 4, the real estate market comes back down like it’s supposed to because it’s part of the real estate cycle, it’s been going up and down for the last 100 years and it will continue to do so. Prices can’t go up and stay up.

[@nickgreek6449]

Always the case..people seem to forget that ..the next crash will be horrendous.

[@maryherbivorre3393]

Exactly 👍

[@willofdodge1]

I've been hearing the same thing for 8 years Real estate will NEVER CRASH AGAIN

[@jenny01317]

Ok csb

[@ej2much]

You're right, the mortgage industry is going to get endless bailouts

[@radhaor]

He is right. Property market takes years to crash to lowest prices. Not overnight. Always delayed reaction to economy.

[@buildingwithtrees2258]

I paid $30k for my home in 2011. My neighbor whose house is almost like mine, just sold for $200k. An empty lot just sold $60k. Imma keep saving and play the long game. Cheap houses 2025.

[@Mrkevi123]

You should sell now.

[@buildingwithtrees2258]

I like where I live, but I want investment properties.

[@josebotello9412]

Ok

[@buildingwithtrees2258]

@@gongagong it's a vacation area. The uber rich have weekend/summer homes here. When the crash comes, they'll do like last time. Walk away from the 2nd home. And I'll be waiting to buy them up.

[@cesar5478]

@@buildingwithtrees2258 what area do you live in?

[@uncensoredinvestigation8072]

Money printing has been one of the most devastating effects of all humans that ever placed foot on earth.

[@warrenlangsford9535]

Aka: central bankers?

[@Tariqslo]

And now you know why Islam forbids interest....just like all religions do. Einstein also said that interest is more devastating to the society than the atomic bomb. Interest=Slavery, Mortgage=French word for Death Pledge, or pledge to pay until death.

[@richardandrews5013]

I have watched many of this expert's videos. He explains things clearly and truthfully. Thank you for sharing your expertise!

[@grimtrigger7557]

I like the format and chart use, great job!

[@TKnuckles333]

A lot of people stretched themselves out, financially, to get in on the real estate FOMO. Even with rock bottom interest rates, a 500K mortgage means a big monthly payment. If layoffs kick in, then of course foreclosures go up, and naturally, one would expect prices to start coming down. Also, the housing industry is building like crazy, to max out profits on the real estate FOMO boom. There could be an oversupply of houses, at some point.

[@MarksTournaments]

Still high as hell

[@michaelstuthers1914]

Thank you. Your presentations are very clear, and anyone can understand what you are talking about. I get confused at times when some people try to explain these types of scenarios, thus leaving me not understanding, but with your explanation I understand.

[@sa1sa624]

I wonder if all these reits stocks and programs like fundrise. Prevent the market from ever crashing. I could be wrong but you'd think all this extra money they get from investors goes straight to scooping up all these houses avg Joe wants to buy.

[@betruetoyourself7162]

Yes, I feel the same. Seems everyone is stacking cash to buy real estate. If big reits are stacking, what chance do individual investors have to buy a deal? IMO best values will be scooped up quick by big business. The homes that are not super great deals will be the only ones available for the general (financed) public to buy

[@mariovelasquez7070]

There won’t be a housing crash if the average person knows about it.

[@shanet3922]

Lol...you're assuming majority of Americans make logical decisions vs emotional decisions.

[@simsimmaa8343]

@In4cer in4cer why did we 🧐 it must have been because the legacy presidents before him and people in congress were so great 👍

[@shanet3922]

@@simsimmaa8343 All the politicians only lookout their big donor constitutes including lobbyists, which is not the ideal of constitution. It's supposed to be about "For the All People" and not the "Few Wealthy People".

[@apurvpr]

I must say : You make 1000 times more sense than some so called experts that I personally know. So accurately presented. Appreciate it ! I had seen one video similar to this on a Business Channel around June'20. Then I shared that info with my peers where I mentioned the AAA rated mortages aren't actually of that rating and that the CDOs are slowly becoming a hoax owing to a follow-up situations as shown in the video and also refinances are going to be on a all-time high in 2021 which eventually moves away the essential feature of a CDO of a stable/high rated portfolio. Everybody just chucked out this theory completely. Just run a google search on this topic and everything will become so much more clear.

[@huntermacdonald6431]

If someone ever says “just” when talking about finances, theres more to it. So many peoples lives ruined by these loans.

[@jsychw9545]

American greed

[@jsychw9545]

Welcome to America. Where 80% of folks are fat and have multiple disease's

[@jillpruett4772]

I am living in a paid for house that I purchased in 2011 when the values of houses had plummeted. The assessed value of my house in 2020 just got back up to what it was when I bought it in 2011. As far as I am concerned the value can go into the toilet because this means lower property taxes. I am retired on a fixed income. This is a good outcome.

[@Canadian_Eh_I]

Hate to say it but its unlikely that taxes will be going lower. Probably much higher because of Covid, along with inflation which will heavily penalize pensioners.

[@ajpope2010]

This guy gets it

[@aking37]

unfortunately when housing values go down the city will increase the tax rate to balance the city budget

[@canadianjatti]

yeah real estate is a long term game much like the stock market it trends upwards over time with dips in between. Hold any house long enough it will double or dare i say triple. I am sitting on a property that has appreciated 50% over time

[@JoseSantiago-hv3xm]

This is probably one of the clearest descriptions of what exactly happened in the early years of the housing bubble burst- seriously! This was brilliantly done! Very educational and informative. I have a house I want to fix up and sell and it’s a sellers market right now. Thank you for this video! I’m definitely going to be watching more than once!

[@8thhousealchemist600]

No housing crash in Las Vegas. Everyone from California escaping the crazy state tax and are flooding in by the boat load.

[@cryptoflip4625]

yet!!

[@spoedexploten]

Drives up the prices for the instates. Hope it does not get to the point Las Vegas people become less tolerant on the road to California licence plates. Happened to me once at a toll booth in New York in a Boston licence plate rented car, going trough New York, hesitating 3 seconds to long to throw in my coins.

[@tigergoesrawrr2519]

@Luis Moreno no you won’t

[@npcdd1652]

Hope people leaving California vote Republican

[@l0k0ldestryer]

They dont learn. I had met so many people that escaped California that keeping voting democrat or keep empleminting the same routine they had in cali. The same thing is happening in Texas.

[@jpknowledge8852]

The opportunity to buy a houses at a discount is coming. Be prepared for this second crash.

[@IrishMexican]

@axertrybal Hmm, very convincing

[@kevinmckinley5665]

It's coming mh on 1 acre in Florida have reached 150k

[@julioevaristo6715]

@@IrishMexican lo I I I I Likoliomkmkkmmkkk I’ll

[@stuarthirsch]

I don't know. All I know is that those people who have a paid for nice primary residence in a good neighborhood are in the best shape. Look at it like buying and driving a car. Even though it depreciates you need safe, reliable transportation. So maintain it well and live in it as long you can. Don't worry about how much it's worth if and when you go to sell it. Think of your house as your home, not your investment. I am fortunate enough to be in that position. I love my house and where I live and I have to live somewhere.

[@vltruan]

There’s not going to be a crash, man. We’re in a different market than 2008.

[@himanshusharma358]

It's 2022 and i think you were right interest rate are going up, inflation is high, war going on, jobs are going, it's about to burst

[@BSinNH]

Is this the same crash that was supposed to happen last year? In 2020? I agree that a crash will happen and likely this year. Actually hoping rates make present prices no longer doable. Seeing a 25-50% drop in home prices will be music to my ears. Got lots of cash on the sidelines…..waiting.

[@dagda825]

One difference in the job market is a lot of us had to take a pay cut. My wife got a job at 25% less. And I'm not allowed on her insurance because my job offers insurance. 25% less and we're going to pay for two plans. It's ugly out there.

[@kenhoward127]

That initial example was a best case scenario. Millions took Option ARMs, paid only super low monthly principle payments for five years or so at a fixed rate, and then after five years, that $290K loan was over $300K with the accumulated interest. As an added bonus, the rate now becomes variable and is adjusted up. That $1,400/month payment might have tripled under this scheme.

[@lostaxisgis]

It’s probably hard to refinance your mortgage if you loose your job.

[@ryanweston9677]

The lending practices are still too lax. I see people with very low incomes qualifying for really high loans. It’s making me nervous. The greed will never end

[@BigHenFor]

It's a way of rigging the selling price. Finance unsustainable mortgages and get cheap properties when they get repossessed.

[@samanthamarie0426]

Yep. My husband and are waiting for this moment.

[@CrazyJodice]

I’m stalking some houses hard for price drops, hoping 2021 might be the year to buy. Who else is hoping prices go down. I live in Pennsylvania so it’s still pretty expensive here.

[@mroverdose14]

same but I'm looking at 2022 as my target time frame but in South Florida

[@CrazyJodice]

@@mroverdose14 western Pennsylvania for me. It’s a little pricey here

[@erminn7720]

Brace yourself to wait until 2024. Like he said, the prices will move over time, one/two/three years. Not overnight.

[@CrazyJodice]

@WorksForMe I just want 1. But I congratulate you on you financial success, I hope one day my family can be that stable

[@sweetcaus]

I think in here California are most expensive. I am looking for buying house . people are crazy giving money more than $ 55000 than asking price whichever house I like😞

[@iambapkins]

Dude... You broke it DOWN!!! Loved it !

[@ganknshank]

haven't heard many breakdowns on market crashes but this is super clear and easy to understand. love the content keep it up.

[@LivingWithTheGuzmans]

Thanks for making that clear.

[@grangergreenback7152]

Living with the guzmans- that's the one that he does great is he makes it perfectly clear that I even a high schooler could understand his point and he doesn't waste your time with telling things that you don't really need to knowabout, he gets right to the meat & potatoes which I appreciate!

[@thebearablebull3749]

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[@SarahR2D2]

@@grangergreenback7152 I teach high school math and I would beg to differ 😂😂😂

[@grangergreenback7152]

@@SarahR2D2 I you don't have to beg to differ Sarah, all you have to do is ask, I see it this way for my point of view you see it the other way from your point of view we can agree to disagree.

[@schuylerphilips3226]

*I don't know who needs to hear this, but I do believe someone needs to know this.* 👇

[@IrishMexican]

When will the people learn that the more the government intervenes with real estate, economy , etc, the more problems we end up having in the long run? Sometimes, as hard as it can be, you need to let things run their true course.

[@BigHenFor]

This their true course. Market prices are for suckers. Foreclosures are really, really cheap.

[@harlembrown8987]

Never. People will never learn. Let them sleep

[@sweetcaus]

I am trying to buy house. Looked many homes but houses are very expensive even though interest rates are low . Unaffordable. It is balanced any way. Few homes in market. people buying homes more than $50000 listed price. I don’t know what to do?

[@mukeshrishi622]

the crypto market is one of the most potential places to invest in, in investing in crypto is often risky which draws attention to the huge losses and gains of Investors, if you can manage the risk then you can take advantage of the crypto market to secure your financial position and earn money

[@Joelgarcia47]

I'm a newbie I want start investing in crypto currency, how do I reach your broker?

[@mukeshrishi622]

you can get in touch with her on telegarm

[@mukeshrishi622]

@Douglas_investment

[@EOE.boogie]

Stfu

[@schuylerphilips3226]

Benita can be easily reached on WhatsAp 👇

[@salmonoids]

I've been waiting for prices to fall since 2010. It's been 10 years. I am starting to think that it will never fall and I'll never own a home.

[@theapocilip]

I feel your pain

[@colewildenhus8355]

They did fall. In the beginning of ur 10 years. Waaaayyyyy missed the boat . I bought in 2009. 470k 4 blocks from the beach. Now worth well over a million. Bought a foreclosure. That time period was probably the best buying period we’ll ever see again. Credit guidelines are so much stricter now the same thing wouldn’t happen again.

[@jordanmendoza5757]

Move!!! I just left CA. Moved to Utah - closed on a 3bd 3 bath for 276. People don’t realize how much local economic situations have to do with this. Places like CA, IL, NY.. will be a nightmare. The economy in Utah is growing like crazy. Yes; jobs included. He also failed to mention the cost of building which is over regulated in the aforementioned states - this leading to the jump in pricing. You have to be somewhere with a natural supply and demand.

[@azerogliev6520]

Don't listen to this clown man, prices will ALWAYS go up in the long run. Gather your downpayment, secure your job and then pick a house you can afford even if it's a bit longer drive - and buy it. No other way.

[@juanmondragon]

Where can you find if the houses are overpriced or if the housing market prices are going up or down?