334: Is A Housing Crash Imminent?
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 1 March 2021
⏱️ 41 minutes
🧾️ Download transcript
Summary
Will a housing price crash occur when homes can be foreclosed upon again?
Sean O’Toole of PropertyRadar.com and I compare 2007’s housing crash with 2021’s health crisis-related recession.
“Home prices never go down.” That’s what many people said in 2005! Wrong.
Learn the housing differences between the last recession and the current one: lending standards, housing supply, regulatory change, construction labor force, construction supply disruptions, household formation.
Sean tells why we will not have a big dump of housing supply on this market anytime soon.
There will still be some delinquent homeowners after the forbearance period ends.
The Biden Administration plans to work with borrowers that have federally-backed mortgage companies and provide them with repayment plans.
Prediction from Sean: mortgage rates will dip below 2%.
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Transcript
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| 0:00.0 | Welcome to Get Rich Education. I'm your host Keith Winehold. Is a housing price crash |
| 0:05.3 | eminent? As soon as homeowners that lost their jobs in the recession are able to be |
| 0:10.1 | foreclosed upon, will this create a flood of new supply on the market and make housing prices |
| 0:15.7 | crater almost everywhere, predicting a housing price crash with an expert guest today that's right |
| 0:21.5 | on the cutting edge of what's happening in the real estate market today on Get Rich Education. |
| 0:27.7 | You know, starting in real estate seems hard for some. Even experienced investors can find |
| 0:32.6 | it difficult to achieve the success that they had hoped for. What if there was one small change |
| 0:37.3 | everyone could make that would solve these challenges? |
| 0:39.8 | Ali Boone offers a book that really no one else has. |
| 0:43.3 | It's an easy to understand glimpse into the real estate investing industry and your mindset. |
| 0:49.5 | It's life lessons on hacking your mind before you hack your wallet. |
| 0:52.8 | Her book to grab on Amazon is called |
| 0:55.5 | Not Your How-to Guide to Real Estate Investing. Most of our property investors choose either cash flow |
| 1:04.1 | or home price appreciation, but one real estate market can give you both Jacksonville, Florida, |
| 1:09.2 | with 27% lower home prices than the national median, |
| 1:12.5 | 1% higher gross rents, and Jacksonville has appreciated 34% more than other comparable cash flow |
| 1:19.2 | markets over the last 30 years. Get positive cash flow today and appreciation for tomorrow |
| 1:24.4 | to invest for cash flow and growth in Jacksonville go to cashflow |
| 1:29.0 | and growth.com. |
| 1:33.4 | You're listening to the show that has created more financial freedom than nearly any show in the world. |
| 1:40.7 | This is Get Rich Education. |
| 1:56.0 | Thank you. This is Get Rich Education. Welcome to GRE from Palm Beach, Florida to Palm Springs, California, and across 188 nations worldwide. |
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