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Money Guy Show

Is the 2023 Housing Crash Around the Corner?

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Investing, Education, Business

4.73.1K Ratings

🗓️ 10 March 2023

⏱️ 43 minutes

🧾️ Download transcript

Summary

Housing prices skyrocketed after the pandemic to all-time highs, and mortgage rates have more than doubled since 2020. Homes are harder to purchase for more Americans, which means it’s more important than ever to make sure you are ready to buy before purchasing. Watch more exclusive content only on YouTube! Visit our website - Get our FREE financial resources - Check out our course, Know Your Number! - Sign up for our Financial Order of Operations course - Get easy to understand answers to your financial questions Follow us on social media! -Instagram -Twitter -Facebook -TikTok Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Curious minds want to know is there a housing crash right around the corner?

0:10.8

Brunt, I'm really excited to have this conversation today because I think a lot of people are asking the same question

0:16.6

I think a lot of people in this position they're trying to figure out

0:19.4

Do I buy a house if I need to buy a house is now the right time to buy a house?

0:23.9

Do I wait if I wait am I going to regret that decision?

0:26.7

And how do I know what's going on right now with the housing market?

0:30.7

Well, I hate how you could it is so easy to get both sides of discussion where people have very strong opinions

0:39.7

that if I'm in the decision matrix I'm trying to figure out should I buy a house?

0:43.9

I wouldn't know what to do and we have some examples of showing you the two sides of the coin

0:49.7

We want to come back after we kind of show you these two clips and actually give you the data points

0:55.8

Give you the things that you ought to be thinking about to make this decision.

0:59.0

So there are some voices out there that are saying yes a crash is coming and boy is it going to be bad?

1:05.2

Check this out.

1:08.0

Everybody's now admitting we're going to have a housing correction, but there's things it will be mild.

1:14.8

When people they don't say it's going to happen then they finally met well, yes, but it'll be mild.

1:19.2

Don't listen to these people because all they do is follow the trend when it's up they say it'll hold up when it's down

1:24.8

Well, it'll be down a little it's this is this is going to be the biggest crash and housing of our lifetime

1:30.5

And then we'll probably never see one again for decades housing does not crash as often as thought, but this these these were two

1:38.4

housing bubbles

1:39.6

Rare in history in the last one burst and this one will burst the same

1:44.9

so

1:45.9

Harry Dent

...

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