The Most Shocking Housing Market Data In History | It's Not Going To End Well | Real Estate News

This is the most shocking housing market data i have ever seen. This isn't going to end well and i go over the latest Real Estate news.

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In this video i go over the latest housing market data that was released by corelogic today. i have never seen such crazy house price gains in my life. This is unsustainable and a big housing market crash could be coming in 2021. Real Estate has now turned into a money making machine not just a roof over your head which is devastating.

Time Stamps
0:00 Intro
0:50 Australia Market Update
7:18 US Market Update
11:05 The Risks

Disclaimer this video is not financial advise. Please see a financial adviser to discuss your own personal situation.
Michael invests & tries to make money will not be held liable for any financial decision you make based off this video.

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[MichaelCowann]

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[youknowless]

I just pulled out of attorney review. House was already over priced at $600K. I went in at $655.5K cash. I decided in the end it wasn't worth it and now choose to wait.

[melissagorgeous]

Late 80's boom followed by the 90's correction? History repeating itself yet again?

[YeahMikey]

Your Videos are so good I usually watch them twice!

[MannyScoot]

Here in Arizona USA in Phoenix, people are making offers on houses $40, 000 to $50, 000 more than the asking price of the and the house is already priced 30% more than it's really worth catastrophic housing bubble blow out is about to happen in the United States

[marcusmeditation]

It’s going to be a huge disaster
Some great opportunities are coming

[zaphoidbeeblebrox]

Houses are going up because money is becoming Worthless. This wont end well.

[Jack]

Who is paying that stupid money Michael?!!! It’s nuts

[rodmoses]

I believe many properties are being bought to flip.
I have noticed many properties in my area selling for record
prices and a for lease sign immediately popping up.
The rent will cover the fixed interest loan and the owner
thinks prices will continue to climb over next 2-3 years.

[manflynil]

Another great video, Michael. And the fact you mentioned, that if people are paying off overpriced mortgages, they have less dosh to spend in the real economy is something that, I think, is often overlooked and underestimated.

[benjaminnicholson]

The ABC has been reporting on record prices and affordability on every bulletin and talking about the need for social housing because rents are above 30% of income this is extremely dangerous territory and in poker terms now too rich for my blood. Unless you own and live in your house now is a good time to bail because when the froth ends it's going to die painfully.

[benyameenyitzhak]

Is that plant from bunnings? That's the real question! :)

[lp]

Im 30 turning 31 this year and still live with my parents in Perth.
This market sucks at the moment Im so ready to buy but dont want to pay 50k more for a house than it should be..
Renting is high to so thats not really an option.
Looks like ill just keep an eye out for a realistic deal and buy later this year or so.

[MichaelCowann]

Everyone be aware of scammers in the comment section using my name and profile picture. I will never ask you to contact me in the comment section.

[dualcablowlux]

A mate of mine is a locksmith in Perth, he has 1600 locks to change out in 4 weeks due to evictions!

[kiqnkf]

It does appear like they are letting it all fall apart. All their ducks are in a row, so it's time.

[fxckingadult]

How about Australia’s land valuer general bumping up land prices by as much as %155 through regional Australia. Going to do farmers more harm than good, property owners to pay more for rates etc etc.

[alexs]

Mate, the housing market crash is a dream you’re been talking about, I bet you the average house price in less than 10 years from now will be 100-200% more than now. So the crash you’re promising about would be 10-30% and in the bigger picture is nothing, zoom out about and look at the big picture. Our $ is losing value fast and hard assets are the best bet in Australia to persevere asset.

[michaeljp]

I question prices are rising so much, getting any accurate and real time data is impossible and core logic is corrupt as hell

[davidpeters]

For those that havent any debt, then stage 2 will be insurance companies going bust, opps no insurance for your house, opps it accidentally burnt down due to wild fires.