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On The Market

239: THE HUGE Downside of No-Income-Tax States and a Hidden Housing Market Threat

On The Market

BiggerPockets

News, Education, Business, Investing

4.8 • 858 Ratings

🗓️ 1 August 2024

⏱️ 42 minutes

🧾️ Download transcript

Summary

Why is everyone ignoring this one severe housing market trend, what does a 2008 crash predictor think will happen in 2025, and why are homes starting to sit longer on the market, even with mortgage rates starting to fall? Are all the headlines pointing to housing market havoc or a return to normalization where homes aren’t flying off the market like they were just a few years ago? We’re getting into it all in this headlines episode as we touch on four of the top housing market stories from this week and give our opinions on whether they’re hype or not. First, a market-shifting trend has substantial side effects on the housing market. We’ve talked about this before, but many homebuyers are overlooking it. This trend could push people out of once-popular housing markets and into underrated areas that boast far more future-proofed benefits. What’s the trend we’re talking about? Tune in to find out! We’re also discussing the increase in average days on market (DOM), why homes are sitting for longer, and whether this is something to be concerned about. Think moving to Washington, Texas, or Florida will save you money due to no income taxes? Think again because there are some serious downsides to no-income-tax states most investors don’t think about. Finally, we’re analyzing a 2008 crash predictor’s 2025 forecast—could he be right again?  In This Episode We Cover The one housing market trend hiding in plain sight that could become a considerable issue soon A 2008 crash predictor’s take on the 2025 housing market and whether home prices will decline Why so many people are reversing on the “great reshuffling” and moving away from sunny states A sizable bump in homes sitting on the market and why it’s taking longer to sell The serious downsides of buying/investing in a no-income-tax state And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find an Investor-Friendly Agent in Your Area See Henry, James, and Kathy at BPCON2024 in Cancun! Henry's BiggerPockets Profile James' BiggerPockets Profile Kathy's BiggerPockets Profile BiggerPockets Real Estate 895 - BiggerNews: How Climate is Exploding Insurance, Building, and Investing Costs A market-shifting real-estate trend is hiding in plain sight  Nearly Two-Thirds of Home Listings Have Been Sitting on the Market Longer Than a Month As Buyers Grapple With High Costs  U.S. States With No Income Tax Aren’t as Affordable as You Might Think  Housing analyst who predicted the 2008 home price crash weighs in on the current market Grab Henry’s New Book, “Real Estate Deal Maker” Jump to topic: (00:00) Intro (02:01) A Market-Shifting Trend  (08:40) Average Days on Market Expand (18:12) Downsides of No Income Tax (27:53) 2008 Predictor’s New Forecast Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/on-the-market-239 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Are no income tax dates worth the hype?

0:03.2

And what is the one market-shifting real estate trend that no one wants to talk about?

0:08.1

And finally, what does the analyst who predicted the 2008 housing market crash think about today's

0:14.8

housing trends?

0:15.9

All that and more on today's episode.

0:23.4

Hi, I'm Kathy Fetke, one of your hosts for today while Dave Meyer is out.

0:28.2

Welcome to On the Market.

0:29.8

We've got Henry Washington and James Dainerd with me today.

0:33.9

Good morning.

0:34.8

Good morning.

0:36.5

How are you?

0:37.2

Good.

0:39.6

You guys excited to tear apart some headlines?

0:44.0

It's my favorite thing to do. I'm excited because I can relate with some of the articles. I'm currently like California Ventures over. I'm leaving Kathy. We're going to a cheaper state. Oh, I'm going to miss you.

0:49.8

More money, more benefit. Yeah. Well, and I also might follow you someday.

0:55.0

But today we are doing a headline show.

0:57.7

This is one of our favorite types of episodes

1:00.0

because we can look at the headlines meant to scare you

1:02.6

and just dive a little deeper into it to the real facts and data.

1:06.6

This is the show where we pull four headlines from the news cycle

1:09.8

and discuss how they impact

1:11.4

investors. So today we're discussing climate change and whether or not that's affecting population

...

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