Will Home Prices Crash As Much As In 2008? "Increasingly Possible" Housing Firm Reventure Consulting

Spread The Viralist



GO WATCH the companion video to this interview over at Nick’s YouTube channel: https://youtu.be/LHJpbBm0vyQ

Housing analyst Nick Gerli returns to the program to warn how swiftly the prospects for home prices are eroding. Confidence in the housing market was supreme just a month or two ago, and suddenly that confidence is vaporizing as an increasing number of experts now caution of a “full blown” correction ahead.

Rising mortgage rates are a huge part of the equation, but we’re already starting to see sales slowing and even price cuts in a number of markets — especially the markets that have been the hottest in past recent years.

Does Nick still think prices could come down by as much as 30% on average? Could we see price declines on par with the 2008 crisis?
____________
At Wealthion, we show you how to protect and build your wealth by learning from the world’s top experts on finance and money. Each week we add new videos that provide you with access to the foremost specialists in investing, economics, the stock market, real estate and personal finance.

We offer exceptional interviews and explainer videos that dive deep into the trends driving today’s markets, the economy, and your own net worth. We give you strategies for financial security, practical answers to questions like “how to grow my investments?”, and effective solutions for wealth building tailored to ‘regular’ investors just like you.

There’s no doubt that it’s a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?

Let us help you prepare your portfolio just in case the future brings one or more of the following: inflation, deflation, a bull market, a bear market, a market correction, a stock market crash, a real estate bubble, a real estate crash, an economic boom, a recession, a depression, or another global financial crisis.

Put the wisdom from the money & markets experts we feature on Wealthion into action by scheduling a free consultation with Wealthion’s endorsed financial advisors, who will work with you to determine the right next steps for you to take in building your wealth.

SCHEDULE YOUR FREE WEALTH CONSULTATION with Wealthion’s endorsed financial advisors here: https://www.wealthion.com/

Subscribe to our YouTube channel https://www.youtube.com/channel/UCKMeK-HGHfUFFArZ91rzv5A?sub_confirmation=1

Follow Adam on Twitter https://twitter.com/menlobear

Follow us on Facebook https://www.facebook.com/Wealthion-109680281218040

#housing #homeprices #mortgage
____________________________________
IMPORTANT NOTE: The information and opinions offered in this video by Wealthion or its interview guests are for educational purposes ONLY and should NOT be construed as personal financial advice. We strongly recommend that any potential decisions and actions you may take in your investment portfolio be conducted under the guidance and supervision of a quality professional financial advisor in good standing with the securities industry. When it comes to investing, past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments involve risk and may result in partial or total loss.

source

Recommended For You

About the Author: Wealthion

33 Comments

  1. Your comment about the sun belt is dead on. Very risky to buy now because its so far above the long-term median and incomes have not risen to support that long-term. The mega moving shift is over, and you will see major declines as that artificial force pops up. It will also crush speculators – folks who are buying homes, and re-listing 1-2 months later at +10%.

    Tampa is a market that will be hit hard. Way above fundamentals – and the FED is now moving against the market to bring down asset prices as a means to fight inflation. Look at how powerful the FED was inflating the market early on in the Covid pandemic. That same power will be applied to lower asset prices. You cant fight the FED.

  2. In south Florida the rental business is not as Nick says. 3% rental earnings? you are kidding. A U$ 150,000 condo property in Miami Lakes (but not only there) could be rented till recently by $ 1,200 a month.

  3. Prices have hardly corrected in major tech hubs. Sellers are listing 400k house for 700k and then reducing the price to 600 or 500 and still shafting the buyers. Makes sensational headlines though. Real estate agent mafias will try as hard as possible to prevent a real correction.

  4. I think you are absolutely correct about where we are in the real estate market. That being said, where can I find the stacked wood wall you have in your office?"

  5. W-what about values in the NY-NJ Metro area? As companies insist on return-to-office in NYC, does this impact the housing market?

    We're looking to sell our home @40 miles from NYC in NJ, and move to Western Virginia/Western North Carolina.

  6. Thanks for mentioning the water issues here. It’s REAL. Water here has been getting scarce for decades. The power generator dam is in jeopardy. You’ll see cheap houses in Phoenix when the water gets shut off. California holds priority for Colorado River water, so AZ gets shut off first before California has to cut back. You have no right to water here.

  7. History usually has a Story behind it. Within that story there are lessons. Up to us to learn the lessons. FYI my two favorite power players coming together. 😎

  8. Oklahoma City is bad for raising family. People are hostile to immigrants in high tech. They just assume all new immigrants are Democrats.

  9. My greatest worry is how do we recover from all these economic and global troubles? Especially with the political power tussle going on in the united states.

  10. What about if you bought recently and you’re already underwater with your loan. Will owner’s mail in their keys, stop paying rent and walk away. How many loans are non recourse loans? Will loans be forgiven like student loans?

  11. There is not going to be too much migration because along with falling home prices and relatively lower wages there will be high unemployment. So, nobody will be moving to Oklahoma City.

  12. You mean investors thought home prices would remain elevated? I should be on your show: The unemployment rate is going to spike up toward 8% or higher. Apparently this could be enlightening to your audience. Your welcome.

  13. The reason we didn't have a proper correction in 2008, is because the fed jumped in with stimulus to save the banks. This debt fueled economy is just what the FED and big business created. Like a hoarse with blinders, the FED business's and people think we can get something for nothing. There is no free lunch. In 2008 the reset should have been allowed to happen. Why wreck less borrowing and spending is rewarded and saving is punished is something I can't understand!

  14. The best strategy might be to buy at max pain, when the rates have topped out but a property at a low price point with the idea of refinancing it lower. Very possible a recession throws rate hikes in reverse by 2024.

  15. Good analysis. One thing I don't see in some of the numbers and discussion is how two incomes households are most of what is allowing people to get into a 500k house. In the more expensive markets because of locality pay that 500k might be 800k where the middle of the market is. Then in the expensive markets people have greater overall wealth to ride out job losses.

  16. If one figures that the actual rate of inflation is closer to 10 to 15%, would it make sense to buy a home in a part of the country now that was poised to lose between 10 and 15%? We all know the current inflation rates are higher than CPI, and we should consider this invisible cost of holding cash while waiting for a potential downturn right?

  17. We are not going to have 2008 styled recessions go back to ww1 Germany hyperinflation to see our future. Planned decline by the deluded leaders of the western democracies

  18. Welalth-is-off. House prices were inflated by those who want to own it all (NWO)and have us rent only. Per agenda 2030. You will own nothing and rent everything and “be happy.”

    As we accept the downfall of capitalism for CCP like control. What is causing the crash? Same trigger as happened in 2008. $5 a gallon gas and higher. Fake peak oil prices increased which cause people to pay to much for gas for cars which are only sold fkr the rich with high price vehicles. Cars cost more than houses are worth. Gas is way overpriced thanks to a destructive and delusional energy policy.

    This entire channel has the trend of the deluded. 45 prevent of the small businesses went out of business in Michigan for example. Those jobs are not coming back meaning small businesses. They are still all shuttered. The markets are manipulated for agenda 21 nonsense to destroy the western economies. Zoom out to no fossil fuels and no backing for the US dollar as petroleum dollar is declined so is currency is going to be worthless. Everything built will be bought with free money which people can’t afford to pay back.

    The affording was a bubble as usual bubbles exist to enslave the us citizen to be servants kr their Asian or Chinese overlords. This is a function of the loss of the USA to China in ww3 the economic war where we gave away units of production or our factories of production without losing a war. We will be their slaves and elect those they choose for us to work for.

  19. As "sudden adult death syndrome" increases has not been factored in. Corpses require less space and stop losing money but also stop earning money. Stay healthy and be careful about what medicines you take.

Comments are closed.