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Another 2008 Housing Crash - Or Worse? Real Estate Bubble Explained

Valuetainment

Valuetainment Episodes

Business

4.81.7K Ratings

🗓️ 21 July 2022

⏱️ 21 minutes

🧾️ Download transcript

Summary

Go to our sponsor https://betterhelp.com/valuetainment for 10% off your first month of therapy with BetterHelp and get matched with a therapist who will listen and help. 


In this video, Patrick Bet-David breaks down whether or not the housing market is going to crash.


Download the free PDF here: https://valuetainment.com/another-2008-housing-crash-or-worse-real-estate-bubble-explained-2/


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Recommended Video: 

WARNING! The Biggest Market Crash Of Our Generation Is Here: https://youtu.be/j9vL6K2Yop0


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To reach the Valuetainment team you can email: info@valuetainment.com


#valuetainment  #patrickbetdavid

Transcript

Click on a timestamp to play from that location

0:00.0

Exactly a month ago today we shot a market crash video and at the time I knew the market was not in good shape

0:05.1

But the last 30 days based on a lot of research and a lot of data that we've looked at which I want to share with you

0:09.8

As bad as I thought it was it's a lot worse now you get to do whatever you want to do with this data

0:14.9

Dave Ramsey calls it fear-porncing

0:16.6

There's a lot of people getting scared and they're excited about the market

0:19.3

So nothing's gonna happen to the market

0:20.6

It's gonna be all right because the inventory's not taking a hit. I'll give you data

0:24.7

You read the data free PDF choose whatever you want you want to do with it

0:28.8

Then make a decision for yourself because when you look at three trillion dollars of wealth being lost and retirement in the first six months

0:36.0

A trillion in crypto and you know that

0:38.5

Domino effect because the question becomes is it too late?

0:41.2

Can we do anything about it when people stop making money and their wealth goes away

0:47.4

They have less disposable income when you have less disposable income. There's less spending when there's less spending

0:53.5

There's lower business profits lower business profits leads to layoffs then it's unemployment and it's for closures and bankruptcies

1:00.2

Then divorce crime drugs O.D. Alcohol protest riots back at it again sound scary

1:06.7

But that's data and by the way Elon Musk said recession is part of the economical cycle that is natural to go through it

1:13.4

But there's three P's that he talks about number one is predict always stay multiple moves ahead number two

1:21.7

Prepare get ready for what's ahead and number three persevere stand tall and find a way to make it through and we're at the phase

1:30.0

Well, you got to be prepared and you got a persevere and you got to find a way to make it through

1:34.2

Okay, so a lot of this may sound scary

1:36.0

But I want you to put your logical hat on set aside the emotional hat just go through these trends

1:40.8

Process it together and then make a decision what you want to do with yourself and your business moving forward having said that

...

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