“50% Price Cuts!” and Other Outrageous Housing Crash Clickbait w/Jeb Smith

On The Market

BiggerPockets

News, Investing, Business, Education

4.8 • 820 Ratings

🗓️ 16 December 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ever seen those YouTube videos titled “A housing crash is coming THIS year!” or “Prices are falling 50% in *insert state*”? If so, you’re not alone. There’s so much housing market clickbait being thrown at you daily that it’s hard to distinguish the actual data from the “expert takes” only done for clicks. So today, we’re breaking down some of the most hyped housing market takes from YouTube, examining the data they’re using, and giving our thoughts. To join us is Jeb Smith, a real estate broker associate with over 18 years of experience and a fellow YouTuber who’s just as tired as we are of the constant “crash bros” populating your YouTube homepage. Together, Dave and Jeb are breaking down a couple of recent videos, one talking about the “50% price cuts in California” and a “major housing crash,” as well as one video anticipating that “all hell breaks loose” come this December (wait, isn’t it December already?) Together, our goal is to ensure you never get fooled by easily manipulated data so you can make the best investing decisions. In This Episode We Cover The “major housing crash” coming to California and whether there’s truth in this Why one real estate media channel thinks all hell will break loose soon Demystifying the data behind the real estate “crash bros” on YouTube Whether Jeb believes home prices will rise (or fall) in the coming year Housing market data that WE trust to make our real estate predictions, forecasts, and investing decisions 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 Dave's BiggerPockets Profile On The Market 128 - The Worst Real Estate Investing Advice Grab Dave’s Book, “Real Estate by the Numbers” Connect with Jeb: Jeb's BiggerPockets Profile Jeb's YouTube Jump to topic: (00:00) Intro (01:08) “Major California Housing Crash!” (12:58) The Truth About California (20:19) “All Hell Breaks Loose!” (30:27) Don’t Get Fooled by This (33:54) Debunking the Clickbait (39:11) Connect with Jeb! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-278 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	At PinkerPockets, we work really hard to bring you solid data-backed information about the housing market.
0:06.5	But there is a lot of content out there that is dressed up as data-back, but really it's half-informed or straight-up lies.
0:14.8	So today, we are debunking some videos from YouTube's army of Crash Bros.
0:24.9	Music some videos from YouTube's army of Crash Bros. Hey friends, this is On the Market. I'm Dave Meyer.
0:28.5	Our guest today is Jeb Smith. He's a real estate professional. He also runs a YouTube
0:32.9	channel where he educates buyers and sellers on navigating the housing market.
0:38.4	And part of what makes Jeb's content so good and his analysis so interesting is that he just
0:43.2	looks holistically at things and does a very good job of cutting through the BS.
0:48.8	He doesn't just cherry pick data to reinforce some narrative that he made up before he even looked at the data like some
0:56.3	of the people we're going to be talking about today. Instead, he presents honest, rational
1:02.0	advice about what's going on in the housing market. And that's what we're going to do together
1:06.6	today. Let's bring on Jeff.
1:16.5	Jeb, welcome to On the Market. Thanks for being here.
1:18.3	I appreciate it, man. Thanks for having me on.
1:23.5	Yeah, this is going to be a new format for us. We do talk a lot about headlines on the show, but we haven't actually reviewed or discussed any YouTube videos before, but this is sort of
1:29.6	your purview. So you're the right guy for the job. Tell me, Jab, what video do you want to
1:34.7	discuss today? You know, I like to pick the ones with the most dramatic headlines. The one we're
1:39.1	going to do today actually has the word dramatic in it. Dramatic 50% price cuts in California
1:43.9	house prices,
1:45.3	major housing crash. And exclamation points after both of those. So this must be big time.
1:50.0	You picked a juicy one. Something tells me there was a lot of these that you could choose from.
1:55.1	It seems like on YouTube every day we're seeing these like very dramatic predictions of doom and gloom. But what does this
	...

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