93 - Truth Bombs on the Housing Market - Bubble Watch or Ride the Wave?
How to Buy a Home: The #1 First Time Home Buyer Podcast
David Sidoni
4.8 • 891 Ratings
🗓️ 6 May 2022
⏱️ 32 minutes
🧾️ Download transcript
Summary
During the last episode, David Sidonitalked about the potential cracks in the house market. This time, we explore the potential of the crash. Will it crash like that dude from the Wide World of Sports? If you don't know, he's the original epic fail. Join in as we have more economic data talk and expert opinions on the potential for slower but continual appreciation that First time home Buyers can STILL be a part of. Would you bubble watch or ride the wave of this crazy market? Stay tuned!
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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 | In the last episode, I dropped a major truth bomb. |
| 0:02.5 | The housing market is finally slowing down. |
| 0:05.1 | There are a couple things out there that scare me just a little bit, |
| 0:07.5 | because we've got a potential recession that is so overdue. |
| 0:11.0 | We've got 10 years of stock and housing markets rising nonstop. |
| 0:15.4 | So we might see a correction sooner rather than later. |
| 0:18.8 | Now, what does that mean for you and your home purchase plans? |
| 0:22.6 | Let's get to it. |
| 0:41.3 | What's happening? What's the wide world of sports is up with you, my how to buy a homies? Now, hey, do you viewers or you listeners even know what wide world of sports is? |
| 0:46.5 | I mean, this is before the internet. Here's what we had to do. We had to get our sports and |
| 0:51.9 | entertainment on the TV box. Yeah, had this antenna |
| 0:55.6 | sticking up out of it. We got pictures from outer space. It's very exciting. Now, we had to watch |
| 1:01.5 | shows at specific times with no streaming and with commercials that you were forced to sit there |
| 1:06.6 | and watch. No fast forward, no skippy, skippy. When I was eight years old, 1978, yes, I am that old. |
| 1:12.7 | Drink. Every weekend, ABC would air a show called Wide World of Sports. Now, in the beginning, |
| 1:18.5 | they had the voiceover, this dude, Jim McKay, he was like the sports guy back then. And he would talk |
| 1:24.2 | about the thrill of victory. And then they showed some race car driver you know spraying |
| 1:28.5 | champagne at the victory lane and then they would say and the agony of defeat and then they showed a |
| 1:35.9 | video that can only be described as the original epic fail and you know what when i was writing |
| 1:41.8 | this up you can google it the original agony Google it, the original agony of defeat. |
| 1:45.5 | Google the original agony of defeat you can see for yourself. |
| 1:48.1 | What's weird is you're not going to think it's that big deal because you watch all these dumb videos all the time and you've seen epic fails for your whole life. |
... |
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