Influencers are predicting housing crash with values falling up to 70%!?
Ken McElroy Show
Ken McElroy
4.8 • 692 Ratings
🗓️ 13 September 2022
⏱️ 51 minutes
🧾️ Download transcript
Summary
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ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor.
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Transcript
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| 0:00.0 | Welcome to the Real Estate Strategies podcast, where we host in-depth conversations on everything |
| 0:07.8 | real estate with the industry's biggest movers and shakers. |
| 0:11.3 | I'm your host, Ken McElroy, joined by my co-host, Danielle. |
| 0:15.5 | Let's get right into this episode. |
| 0:17.1 | Today, we're talking about the housing market and the potential housing |
| 0:22.9 | crash well I've got a video coming out on Friday about this so I can't wait |
| 0:26.9 | to hear where this goes yeah well you know so basically you know we were looking |
| 0:30.6 | at YouTube all this week and we see a lot of influencers that are predicting you know |
| 0:35.4 | 70% 60% housing price changes. And I, you know, |
| 0:42.5 | we don't, we don't love that because we feel like they're, you know, doomsdaying, right, |
| 0:47.6 | without any real factual information. Yeah, and it's hard. You know, there's a lot of data out |
| 0:53.3 | there. There's, there's, you know, and I've been wrong before on, on mine early on in the |
| 0:59.6 | pandemic. |
| 1:00.0 | I didn't expect that, you know, the government was going to fund, you know, people like |
| 1:06.1 | they did. |
| 1:07.5 | And, you know, it's just obviously creating this inflation now. |
| 1:10.4 | But I think that the facts are pretty |
| 1:13.0 | clear in my opinion so if you if you take a look at the the Fed they're saying and they've been |
| 1:21.0 | they haven't wavered that their target inflation is 2% That's what they're saying. |
| 1:29.9 | And it was a couple years ago. |
| 1:35.0 | So anyway, now we are in the 8th. |
| 1:36.1 | I guess it was at 9.1. Now it's at 8.5 and the new numbers are coming out this week. |
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