Will the housing market crash?
Rants & Gems Real Estate Podcast
EYL Network
4.9 • 1.3K Ratings
🗓️ 5 November 2022
⏱️ 15 minutes
🧾️ Download transcript
Summary
Bonus clip discussing the current state of the housing market
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Transcript
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| 0:00.0 | A lot of you think the real estate market is gonna crash. |
| 0:02.6 | Let's talk about that, right? |
| 0:04.2 | So I'm gonna give you a quick real estate market crash update. |
| 0:07.8 | And let's see exactly what's happening. |
| 0:10.2 | A lot of you don't really understand history, |
| 0:12.7 | a lot of you don't do your research. |
| 0:14.4 | So let me tell you a few things real quick. |
| 0:16.2 | First things first, in eight of the non last recessions, |
| 0:20.8 | home values have improved, don't dawn the reception |
| 0:24.8 | or right after the recession, right? |
| 0:28.1 | Last time it didn't, was the great recession. |
| 0:31.2 | And we know why that happened |
| 0:32.8 | because there was a housing bubble and a bad loans. |
| 0:37.1 | There was a lot of underlying conditions |
| 0:39.4 | that are not present in today's market, |
| 0:41.6 | which a lot of you simply just don't understand. |
| 0:44.8 | Simply don't understand. |
| 0:46.3 | Supply and demand trumps everything. |
| 0:49.7 | And back in 0807, 09, there was a lot of supply. |
| 0:55.6 | There was tons of supply. |
| 0:57.2 | During the peak of the housing bubble in 07, |
| 1:00.2 | a lot of you probably don't even notice. |
... |
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