How To Prepare For A Housing Market Crash

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[FennaVa]

I feared a housing crash due to people buying homes above asking prices with little equity. If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k in houses but I'm not sure on how to mitigate risk.

[amgengroup]

Considering my friend invested $106k in a $248k house near Nashville, should I do the same if a similar opportunity arises?

[kortyEdna]

A perfect storm is brewing in the United States. Housing prices, Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/retirement fund which has been sitting duck since forever with zero to no gains.

[nuttawut]

As a realtor in my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity.

[samueldarko]

I was bidding on "Starter" homes that was small and good for ME and if I added a partner and a dog or something size. Anymore than 4 people it gets crowded kind of small. I placed a bid on like 6 houses like that. One went from 298 to 400k at sale of purchase... I was like why... GO LOOK AT HOMES AT THAT PRICE. After that one I gave up

[jimlahey]

I remember finding your videos when I was in the process of deciding to purchase my first house in 2020 and the comment sections were filled with "anyone who buys now is a sucker because the market is going to crash". Now 4 years later Im so glad that I still decided to pull the trigger back then

[future]

Other thing you need is income, which was pretty damn tough to come by at that time which is why all those foreclosures happened in the first place. I think a lot of people are justifiably mad at the unfairness of the market but directing their anger at the wrong people.

[michelletribble]

I just need homes to come down to $300k with 5% interest so I can live comfortably with a mortgage payment as opposed to being house poor. If this ever happens I will definitely be giving you a call. As it is now it would only be a waste of time for the both of us. It is really sad that people who have great credit, no debt, good job and 20% down cannot live comfortably with a mortgage. It is shocking to me that apartment living is cheaper than owning a home.

[thereeltbell]

Having a lot of money is right. When I bought back in 2022, we had multiple inspections and I hate that we had to walk away from all those contracts because $400 - $500 inspections start to take a toll on you after a while to the point where you will probably force trying to make a house work for you because you've exhausted funds or you're just tired of the searching altogether.

[lafrancois]

This is the video I was looking for, thanks for the reinforcement borther. You just gained a new follower.

[ObserverDriftMusic]

I got grit. I went through 12 offers lol. Nothing phases me anymore

[CleanTheWookie]

I literally JUST realized your outro music is a version of Green Hill Zone from the first Sonic The Hedgehog 😂😂😂 This is why you're the best channel around (in addition to your fantastic insights)

[brianK]

4:30 If you get the time machine I’ll choose you as my agent again

[jamessoeu]

Thanks for sharing the knowledge. It is very helpful. Could you please provide some guidelines and advise to purchase a new construction home if they offer lower rate? Thanks

[walterkuzniarjr]

Could you please define for me in numerical terms what a "crash is " ?

[grumpyschnauzer]

We backed out of 4 escrows after we paid for the home inspection, sewer scope and contractor assessments. We are wearing ourselves out over this process and pouring money down the drain.

[richarddefrese]

If hedgefunds are banned from sfh... there will be a huge correction imo.

[tc-qvfv]

I been trying to buy a house I got all the dots but I don’t want to pay over what the house is worth

[Mantelar]

What would you buy if you were already set financially and just wanted to exploit the situation?

For example, in 2008, Ford dropped to below a dollar a share, and it’s designed to take damage…that was no brainer for me back then.

This bubble is massive…it makes 08, after inflation look tiny. What’s the bottom of this gonna look like?

[kylerooney]

So my friend put down 107k on a 255k house near Nashville.

Should i do the same thing and get a house like this when it pop's up?