Wait, so babies don't buy houses? I learned something new!
In all seriousness, excellent presentation!

Do you think more homes will pop on the market say may/June like usual?

No crash but definite slow down. We don't have any catalyst to cause a crash yet.

Excellent video! thanks for getting all of this info giving commentary. Some youtubers simply show slide and read articles word for word without give context. you did it all.

Thanks Mark, great video.

ive recently seen about 10 different peoples videos spreading panic about crash this year

You don’t own anything the The mortgage company owns the property and then the state owns the property with property taxes

Couldn't we see a plateauing atleast? I don't think a crash is coming like everyone. But I would like to see income charted with those housing increases. And won't you get downward pressure with a lack of demand if prices get too high compared to income? I see alot of people with cash ready to enter that would maybe offset that downward providing upward demand, but without that in mind, how would people buy a place if the prices are too high and unable to get a mortgage? Generally 30% income-to-debt, no? I can see a lot of people starting to get priced out and with higher inflation may create additional issues for people to purchase due to lack of cashflows to afford. High inflation could eat away at people's income enough to force foreclosure but I think the kind of inflation needed for that is crazy levels that won't be seen.

Also you have to account for the population… in 1974 the US Population was half what it is today… and you have to consider… Suburbs didn't exist like they do now… … the average home in the northeast usa built in 1960-80 was built on a full acre lot and no HOA

It's nice to see a housing market video with real analysis.

im older than you and I've seen 3 economy crashes… Carter/Reagan when i was a kid… Clinton/Bush graduating from college… Bush/Obama like yesterday… Carter Reagan was probably the the worst crash that people didn't feel for as long and hard as it really was… It took out industrial manufacturing in the US… Clinton/Bush took out the Tech Sector in the USA… and Bush / Obama pretty much ate everything else… … Bush/Obama was the one that most people complain about but Honestly .. Carter Regan was probably worse because it turned our country from manufacturing into a Service Economy.. that was when all the factories shut down.. we keep bouncing around but really we have 60+ million people in the Service Economy and everything we buy is made in China or overseas anymore… then with bush/obama we saw much of our core needs be sold off… Like in the pacific northwest they ship logs to china to be milled.. slaughter houses for chicken, pigs, cows its done in china we send them the carcass and they slice it into steaks … you go into Walmart and all of their french fries are made overseas we can't even get idaho potatoes seriously just bought some made in Belgium… we don't even make face masks … our pharmaceuticals are made in china.. everything over the counter medicine is made in China from Aspirin to Bandaids… Are we going to see another crash some time.. as long as America has wealth that can be taken we will see crashes… how do you know its coming? watch asian markets … when they fluctuate 500-1000 points in a day then its a good indicator we have about a year until it hits us. what happens is they sell high and we buy back then overnight they sell again and we buy.. and then we are holding all the chips and they dump the table because they have already taken all the profit they had in it and more .. then they make our money worth nothing.. and they buy it back… come in like they did during Obama and the whole country is up for sale at a bankruptcy sheriff sale and they buy it for pennies

What you say is very true but there's also another concern as long as housing prices go up so are the rent is so pretty soon having a place to live will be considered a luxury and not a necessity which means we will have more families elderly and disabled people living on the streets which is very concerning for many many states

Sir what are your thoughts in say Memphis Tn? or TN?

I subscribe and watch a lot of the doom and gloomers who say a crash is on the way. While I'm NOT an agent, I actively search for every piece of real estate information I can find so I can understand what's going on in the market. Based on everything I see/read/hear I agree, and while prices may moderate in the near term there just doesn't seem to be a cause for a crash coming (unless the Fed does something silly).

My biggest issue right now is figuring out how to cash flow on rentals. The rentals I have currently all do, but trying to find a new one that does is tough.

No housing crash. Only wishful thinking on our part. This is nothing like the last time. This is the new line in the sand and I feel we all will be kicking ourselves for not buying more with this cheap money. My first mortgage was 9% interest and I thought I got a deal! Those folks waiting are doing so at their own parrel. Now the re-sale market it setting the new home construction pricing! They are following the re-sale market. EX: local builder called me to question one of my sales 1998 2×4 construction 1600 square foot (sold 280 per sq ft) he was astounded and the next week upped his prices 5%. He didn't use his cost/roi numbers.. he is using local re-sales to gauge his pricing. I am sure he is not the only one out there doing this. We have some national builders basically auctioning off lots and only agreeing to open end cost builds… Can you imagine buying a lot for 200K (when last year you could have bought for 50K) and then the builder telling you, "we will tell you how much the house will cost once we pour the foundation". This is new construction here in Metro Atlanta. Craziness..

Would WWIII cause the housing market to crash?

When do you think buildable land will run out for new houses

Thank you for the data and advice as usual the best information on YouTube

Where do you buy all your polo shirts with pockets in them?

The majority of houses sold in the US are existing houses. Supply of existing houses is constrained because people with low rate mortgages (<4%) don't want to sell their houses, because they would have to get a higher rate mortgage to move. Until prices increase enough so the demand is similarly constrained, we won't even get to flat prices, much less price drops.

My concern is that higher prices will create a permanent class of renters; those people who can't afford to buy because their income is staying the same.

Great info, thanks!

Problem is having to pay property taxes.

Mark, u remember the mid 80s when people were scrambling to get the low interest rate of 10 percent? That was considered so low at the time.

Homes are worth as much as foreign investors are willing to pay for them. With the millions of people pouring into the US now, and millions more coming and coming and coming, there will always be a need for rentals…… and the foreign investors know it.

In the last real estate crash (2006) we lost our rental cuz we couldnt cover the rent on the empty unit, and keep our live in home, so we ended up bankrupt but homesteaded the live in so we could keep it. it was a rotten time period. hope Im well prepaired this time. I mean DAYM.

While people have been calling for a real estate crash for over 10 yrs, people have also been calling for soft landings my whole life and I have yet to see one market that went berserk ever have a soft landing.

Prices shot up way to fast. I think we will see a correction by fall

Love these economic analysis videos

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