29 – How Do I Time My Home Purchase If A Recession Is Coming?
How to Buy a Home: The #1 First Time Home Buyer Podcast
David Sidoni
4.8 • 891 Ratings
🗓️ 3 November 2019
⏱️ 48 minutes
🧾️ Download transcript
Summary
What is a first time home buyer to do if they know we have a recession coming? Wait, time the crash? What are the real chances of the huge 2008 housing crash happening all over again? David Sidoni, the How to Buy a Home Guy, answers all these questions and tons more in this fact-filled and data-driven episode, breaking down all the numbers and helping anyone thinking about trying to buy their first home avoid the scary financial pitfalls. We all want to make the right move, especially for something as financially huge as buying a home. Let David summarize what the experts say and get you the information you need to confidently find your perfect timing.
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David Sidoni, the "How to Buy a Home Guy," is a seasoned real estate professional and consumer advocate with over 18 years of experience helping first-time homebuyers navigate the real estate market. His podcast, "How to Buy a Home," is a trusted resource for anyone looking to buy their first home. It offers expert advice, actionable tips, and inspiring stories from real first-time homebuyers. With a focus on making the home-buying process accessible and understandable, David breaks down complex topics into easy-to-follow steps, covering everything from budgeting and financing to finding the right home and making an offer.
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Transcript
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| 0:00.0 | Okay, everyone, spooky to the podcast today. |
| 0:28.6 | I am David Sedone, your How to Buy a Home Guy. |
| 0:30.7 | I'm a realtor here with EXP Realty in Southern California. |
| 0:34.5 | But for today, you can call me Pauly Shore. |
| 0:37.4 | Why the hell would I say that? Well, first of all, |
| 0:40.6 | it's Halloween weekend here. It's about 455 in the morning. I've been working all night on this |
| 0:46.3 | podcast because I've been out with my kids and I've had 48 hours worth of sugar for the past two |
| 0:52.3 | days with all the Halloween weekend activities. And I decided to |
| 0:56.2 | take that, you know, sugar high and put it into something really useful, like doing an entire podcast |
| 1:02.2 | about something scary like the recession. So to do that, what I did was I dressed up like my |
| 1:07.9 | favorite 90s idiot, Pauly Shore, because who else would you want to be |
| 1:11.9 | giving you, you know, economic, real, detailed, heady, intellectual stuff than, you know, |
| 1:19.0 | the guy who said, no whee's in the juice, dude. For those of you don't do know who that is, |
| 1:24.7 | you could be in a treat someday. I'm going to get the YouTube page really rocking and rolling, but right now I'm concentrating on the podcast, but I am |
| 1:31.8 | letting you know if you're listening, I am videotaping this and I look ridiculous. Happy Halloween, |
| 1:39.5 | everybody. Let's talk about the recession, right? I've already coined myself the unsexiest guy on the internet, |
| 1:45.7 | so I might as well just keep it going by talking about something that freaks the hell out of |
| 1:49.3 | everybody. Today we're going to talk about numbers. We're going to do math. It's very exciting. |
| 1:53.9 | Okay, so the recession, and how is that going to affect housing? Well, first, let's start with |
| 1:58.9 | explaining what the recession is and how it |
| 2:02.3 | is definitely coming. Right now, we're in the 11th year of a bull stock market. Bulls and bears. |
| 2:08.6 | Bulls are good, bears are bad. Found out that that term actually comes from the fact that it's the |
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