The Housing Market Truth Nobody Wants to Admit (2008 again?) | 1389

Epic Real Estate Investing

Matt Theriault

Education, Business, Investing, How To

4.8 • 955 Ratings

🗓️ 21 November 2024

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, Matt takes a deep dive into the state of the housing market, exploring whether it's on the verge of a crash similar to the one in 2008. By comparing past trends with current data, he sheds light on the factors driving today’s market and challenges the widespread fears that have many speculating about another economic meltdown. In particular, Matt tackles the misleading narratives pushed by market pessimists, like 'Stan,' and breaks down why the housing landscape today is far different from the crisis of 16 years ago. He highlights key indicators such as the stability of 30-year fixed-rate mortgages, the surge in home equity, and the stronger financial health of homeowners, all of which are contributing to a more resilient housing market. Throughout the episode, Matt emphasizes the importance of not waiting for a potential housing crash, as doing so could result in missed opportunities and financial setbacks. Instead, he advises viewers on smart, proactive investment strategies—like expanding real estate portfolios, tapping into home equity, and utilizing other wealth-building tactics—that can help secure long-term financial growth in the face of uncertainty. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Terio Media.
0:05.0	Hey, strap in! It's time for the epic real estate investing show. We'll be your guides as we navigate the housing market, the landscape of creative financing strategies and everything you need to swap that office chair for a beach chair. If you're looking for some one-on-one help, meet us at rei-aise.com.
0:23.5	Let's go, let's go, let's go, let's go, let's go, let's go, let's go.
0:27.4	Let's go.
0:28.3	Is the housing market about to crash like 2008?
0:31.3	Are foreclosures rising, mortgage rates spiraling, and the bubble ready to burst? I mean, everyone from your neighbor to your broke
0:37.7	brother-in-law Stan is sounding the alarm. But here's the thing. What if they're dead wrong? I'll
0:43.1	show you the 2008 comparisons, the latest charts and data, and depending on how you interpret them,
0:48.4	2025 could be your make or break year. Right? Let's dive in. And we'll start with Stan's favorite scare tactic,
0:55.9	foreclosures. He'll probably pull up a headline from just this week, like foreclosures rising
1:00.0	month over month, and say, see, just like 2008. But here's what Stan isn't telling you. The 2008
1:05.8	housing crisis, it wasn't an overnight collapse. It was a slow-moving disaster years in the making. Back then,
1:12.1	banks were handing out risky loans like candy. People were stuck with adjustable rate mortgages
1:16.8	that exploded overnight, leaving families unable to pay. The cracks they started in 2005,
1:22.7	widened in 2006 and 2007, and finally broke in 2008 when a recession made everything worse.
1:29.3	In 2008, you had something close to a bubble in home real estate.
1:37.9	50 million people had mortgages, roughly at that time, out of 75 million homeowners.
1:43.4	When that bubble burst, it hit home to probably 40% of the households in the country,
1:50.5	these people that have mortgages on their houses.
1:52.9	And fear spread in the month of September 2008 at a rate that was like a tsunami.
2:00.7	Now, fast forward to today.
2:02.2	Do we have toxic loans?
	...

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