Why The Upcoming HOUSING CRASH Will Be WORSE than 2008!

In this video, we're going to dive into why the upcoming housing crash will be even worse than what we saw in 2008. We'll kick things off with some recent news, like the average 30-year mortgage rate in the United States, which has just crossed the 7.6 percent mark. Then, we'll take a close look at the similarities and differences when compared to the 2008 crisis.

This explanation is key to truly grasping all the news regarding the current economic downturn, such as recessions, inflation, the collapse of the US dollar, and the housing market bubble itself.

[DonaldMark-nese]

Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

[Williamsmthe]

Because so many people overpaid for homes during a period when interest rates were low, I believe there will be a housing crisis because these people are in debt. If housing prices continue to fall and, for whatever reason, they can no longer afford the house and it goes into foreclosure, they will have no equity because they will not make any money if they sell. I feel that many people will be affected by this, especially given the predicted mass layoffs and fast rising living costs.

[PremSteve-ygde]

Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.

[Alejandracamacho]

Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.

[bobbymainz]

Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favourable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich.

[SeanTalkoff]

It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.

[RossiPopa]

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[KarenLavia]

fear 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, but I'm not sure on how to mitigate risk.

[LucasBenjamin-hvsk]

The fact that there is already an excessive amount of demand awaiting its absorption, despite how everyone is frightened and calling the crash, is another reason why it is less likely to occur that way. 2008 saw no one, at least not the broad public, making this forecast, as I'll explain below. The ownership rate was noted to have peaked in 2004 in the other comment. Having previously peaked in the second quarter of 2020, we are currently at the median level. Between 2008 and 2012, it dropped by 3%, and by the second quarter of 2020, it had dropped from 68 to 65.

[lawerencemiller]

In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.

[codeblue]

Overall, 51% of traders think this year would favor stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m looking for opportunities in the market that could fetch me $1m ahead of retirement by 2025

[BenTodd-flnv]

In the current economic climate, a home is not the best investment. I've already sold my Boca Grande area home, but I want to invest roughly $200k in stocks since I've heard that even in challenging times, investors may turn a profit. Any excellent ideas for stocks?

[TDany]

I've been bombarded by these doom crash videos for 3 years. Every time they say the upcoming year will be the crash.

[PatrickLloyd-]

I've been watching the housing market closely, Prices have been skyrocketing for years. It's going to be tough for first-time buyers to enter the market." how can one diversify $280k reserve .

[fyi]

I believe that the main group that will suffer is real estate investors that over bought homes and tried to cash in on Airbnb and rentals. Then got greedy. Oversaturated the market, bought homes for overasking price in cash to beat out everyday homeowners. Now many homes are sitting empty and towns across the country are creating regulations to stop it. Young adults are staying with parents more and more because they can't afford a $2000+ rental. So it won't hurt most people only the greedy corporations.

[johnben]

Housing prices are unlikely to significantly decrease until there's a substantial increase in housing supply. In the USA, there's a shortage of millions of housing units, and construction isn't keeping pace. The constant demand for housing, coupled with population growth, means that even a slight price drop attracts numerous buyers who quickly absorb the available supply. I'm considering purchasing affordable houses in 2024 and possibly venturing into stock investments. When is the best time to enter the stock market? Some people say it is profitable, but others say it's risky. Any advice?

[aureliobjm]

Yellen was right. Its not just "another" financial catastrophe, but the exact same one as in 2008. As a realtor who experienced the 2008 meltdown, I advise anyone who is having trouble paying their mortgage to complete a short sale as soon as possible before going into foreclosure. The aftermath hurts, but it's not as bad as a foreclosure waiting for the vipers.

[Riggsnic_co]

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. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.

[NancyFranciss]

This seems like the worst period. Even the markets are very unpredictable. started investing recently when the market prices were a bit high, today i am more than 60% down

[nyxehxt]

To obtain financial freedom, one must either be a business owner, an investor or both, generating passive income, particularly on a weekly and monthly basis. that's the key to living a financially stability