Investing

Is The Housing Market About To Crash?

is-the-housing-market-about-to-crash



Over the past few weeks, I have gotten countless comments and emails asking about the housing market or real estate market. We have already seen what has happened to the stock market. Now, people are wondering if the housing market is going to crash next. I decided to interview a local real estate expert to get the answers!

Vitaliy’s YouTube Channel: https://www.youtube.com/channel/UCesznAWZB4_z8S9jzsX-_6Q
Airbnb Host Nightmare (Video): https://youtu.be/7SPPpp7y0DE

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46 Comments
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Robert Dunfee

46 Comments

  1. Ryan Scribner
    July 17, 2021 at 5:15 pm

    SKIP INTRO: 1:45

  2. California Kid
    July 17, 2021 at 5:15 pm

    Because of overpopulation housing won’t go down by much, America is already opening back up and people are getting there jobs back because covid was media fear BS. There’s people with money everywhere and if they have the money to snag up properties to make profit they will do it. Look at San Francisco no way you’ll ever find a house for under 300K again in our lifetime unless the city’s population and job market declines dramatically.

  3. Shavondra Walker
    July 17, 2021 at 5:15 pm

    How does a housing market crash impact FHA loan process

  4. Geethike De Silva
    July 17, 2021 at 5:15 pm

    Can someone just comment here if the answer yes or no? I don't want to watch 13 minutes of this.

  5. Dennis G
    July 17, 2021 at 5:15 pm

    CRASH ! CRASH! CRASH !!! …CAN'T WAIT !!

  6. J Brown
    July 17, 2021 at 5:15 pm

    20-year veteran commercial RE underwriter here (I know banks mentality and I know every angle for owning and operating) – FLAT out we are all screwed. 1st off all underwriting criteria for new loans or refi's are being tightened. Day by day these standards are being changed and are harder to meet. Your equity is already decreased! Literally yesterday's appraisal comps are garbage so if bank's are already taking a discount of 20% off recent appraisals you are screwed. OK, before March you have normal cash-flow and can show a bank several bank statements, however April collections are off! And now May is here! Now you are 2 months off! That is NOT acceptable to a bank, even one you know! For example yesterday your value was $1m with a $700k loan (30% equity). Today your value is 20% off for an $800k valuation and $100k of equity, but your collections are off and they know you will be experiencing non-paying tenants with NO COURTS TO START evictions! The $100k, less closing costs would put the bank at a LTV (loan to value) of 100% and they don't lend 100%, they lend 80%. We are all done and stuck! Interest rates don't matter and many banks will fail regardless.

  7. Todd Hefer
    July 17, 2021 at 5:15 pm

    God Bless in Jesus Christ Name Amen.

  8. Bobman P
    July 17, 2021 at 5:15 pm

    asking a realestate agent about economics is like asking a drug addict about economics

  9. 金정준
    July 17, 2021 at 5:15 pm

    If you look at the housing bubble, traditionally it should be a 4-6% increase a year….prior to sub prime predatory loan and compounded by foreign investors. There is a 40% bubble in and around metro cities in this country. Just food for thought…..so I hope it tanks to a realistic price prior to 2005. Just GREED, realtors and banks are just as bad as lawyers…..

  10. Mr Bigg
    July 17, 2021 at 5:15 pm

    Hate to tell you Vitaly but you are like a dead man walking the future for you is a bad one

  11. Only Science
    July 17, 2021 at 5:15 pm

    Wishful thinking

  12. cesar Ovalles
    July 17, 2021 at 5:15 pm

    It took 10 years for 22 millions people find a job and only took a MONTH for 22 millions to file unemployment.. YOU CANT BUY IF YOU DONT HAVE A JOB..of course there’s going to be good deals..

  13. David Chen
    July 17, 2021 at 5:15 pm

    does unemployment benefits affect mortgage application?

  14. trz tzr
    July 17, 2021 at 5:15 pm

    In case of disasters, landlords aint getting shit, Lol. It aint my fault.

  15. FULLTIMEPUBLICATIONS
    July 17, 2021 at 5:15 pm

    Great info but I have to ask…..what camcorder are you recording with and what type of lighting. The video quality is superb

  16. Shoaib Sheikh
    July 17, 2021 at 5:15 pm

    well, those nice people in my property were not paying rent from months anyway and my eviction case was about to end and then this ban happened. Govt provides not security for paid off properties, I have no mortgage payments. I am just giving away my money in property tax and association fees per month. No matter how much stimulus check gives, I won't get my rent. how to handle this? I can't even write it off as a loss.

  17. Xoxohonna
    July 17, 2021 at 5:15 pm

    And if there is one more monkey wrench thrown into this scenario, not only will the housing market crash, the whole economy is likely to slide also.

  18. Mr. Royal
    July 17, 2021 at 5:15 pm

    For all we know the govt could pay everyone's mortgage…

  19. Mr. Royal
    July 17, 2021 at 5:15 pm

    Great interview! Thanks to both of you!

  20. Spin Mouth
    July 17, 2021 at 5:15 pm

    Good. I hope real estate investors take in the rear, no reach around either. Real estate investors have waited for shelter owners to fall behind, lose a job, get divorced, or get sick to steal that equity by low balling the seller out of a house. Real estate investors often target seniors that have worked all their life to pay off the mortgage, just to give it away to a real estate investor who will either put a renter in it (rental business) or flip it for huge profits. Single family homes should only be sold to shelter buyers for a primary residence only. That way shelter buyers who aren't in it for the money, simply shelter, aren't competing with real estate investors who buy up inventory, and force buyers to bid up, or rent just to live near a job. Let real estate investors speculate on apartments that are built specifically for the rental market, not single family homes, designed for shelter. I hope there's a blood bath and real estate investors lose big-time. Even simple assumption will level the playing field for shelter buyers who just need the American dream of home ownership as a starting point for financial stability, not the capitalist bidding war investors have created with all that speculation.

  21. Drew
    July 17, 2021 at 5:15 pm

    The over inflated housing market needs to go down a lot . The average home property was not supposed to inflate in price more than 4% a year. It has become like a damn god forsaken casino; so yeah let it crash.

  22. Mr ChichMagnett
    July 17, 2021 at 5:15 pm

    We man be fine now but all those renters and mortgages that aren’t getting paid now will have to get paid eventually. And eventually is when the housing market will go down. I’d say in the next 3-4 months.

  23. Randy
    July 17, 2021 at 5:15 pm

    I think a lot of buyers want the housing market to take a hit. Sounds bad, but it’s the truth.

  24. Beach Bong
    July 17, 2021 at 5:15 pm

    Your mom owes me rent

  25. Scott Morrison
    July 17, 2021 at 5:15 pm

    oh nooooooo, the rich guy is gonna lose money. Can't find my world smallest violin.

  26. Kyle coleman
    July 17, 2021 at 5:15 pm

    Call me selfish but I need the housing market to take a hit. These home values currently,are ridiculous. Fortunately I’ll be one of the few who will benefit from this pandemic as far as housing goes.

  27. ReCycle Spinning
    July 17, 2021 at 5:15 pm

    If the housing market crashes again you wont have a job, so forget about owning one, even if they give it to you. Dummies saying they want it to crash are clueless about how economy and jobs work..
    By the way depending where you live, you can still buy houses and buildings for waaay less than what building costs are today. Do the math before you speak. On average it costs between $100 to $200 , per square foot. So a small 1000 sq. ft. home would cost $100,000 to build and you still have land cost.. . So please think before you speak and say you want it to crash. This destroys jobs for tradesmen, and the economy on everything begins to tank. Unfortunately we have an economy today where large corporations are literally destroying the earth. Stimulus checks do nothing.
    PS banks don't hurt, they always get money from tax payers. Banks are the 😈devil. Own cash or you are a slave and you just use slaves, then kill them when you are done using them. Think about it

  28. SLICK
    July 17, 2021 at 5:15 pm

    I could use another house. 🤞🏽

  29. Deborahrthemodel
    July 17, 2021 at 5:15 pm

    I hope it does I been saving up for a home🏡 and could use this.

  30. Gary Gogo
    July 17, 2021 at 5:15 pm

    Is this really a question?? If you are investing in real estate, and you are wondering this, you shouldn't be investing in real estate. The real question is…"if projected unemployment is 30-33%, do you think real estate is going to go up or down?" If you were looking at selling right now, put it up for sale now and take the best and most solid offer you can get. This was the wrong person to interview. At BEST it is going to go down to the 2008 bottom, more then likely it is going to go lower depending on where your local market is. The stimulus check is going to be enough to buy a couple of rolls of toilet paper.

  31. Good Bye
    July 17, 2021 at 5:15 pm

    Good vid. Follow the money and you’ll know where to watch.

  32. Biden’s hard on for inflation...
    July 17, 2021 at 5:15 pm

    My question is how will people buy homes after getting laid off? In a tight market banks won’t be willing to take risks on people without 6months of employment not to mention they’ll ask for better credit scores

  33. pancho villa
    July 17, 2021 at 5:15 pm

    Where did u get that corona virus light fixture?

  34. Stephanie Ellison
    July 17, 2021 at 5:15 pm

    You only discussed the consumer aspect of this. Check this out – https://www.youtube.com/watch?v=MFm8amzCr1o

  35. James Knight
    July 17, 2021 at 5:15 pm

    You just drove across town to sit 3 feet away from someone who is not masked? Are you that completely oblivious to what is going on? The music just stopped and neither of these guys have a chair. End of story.

  36. The Fornax Studio
    July 17, 2021 at 5:15 pm

    Will it relatively effect to UK house price?

  37. Littletime
    July 17, 2021 at 5:15 pm

    The measures introduced by the US are the exact same as the UK

  38. Rob H
    July 17, 2021 at 5:15 pm

    Housing prices are going to drop 75% in 2 months. Death to the parasites.

  39. lldd11
    July 17, 2021 at 5:15 pm

    My airbnb is dead! and my bills depends on that income. I hope this not going for too long, or I dont know how I will keep this house..

  40. Dave Brewer
    July 17, 2021 at 5:15 pm

    Housing Market about to crash ? You have to be kidding ? In Florida where i currently live . You could put 2,500 Half Million Dollar Homes on the Market today . And they would Sell Out within a week .

  41. Erik Blomberg
    July 17, 2021 at 5:15 pm

    Poor investors. smh. The bozos sweep up all the affordable priced housing leaving people to have to rent overpriced, ghetto houses. Screw them.

  42. Stephen
    July 17, 2021 at 5:15 pm

    Where is the social distancing, stop the spread lads !! Stay at home.

  43. Travis Winslow
    July 17, 2021 at 5:15 pm

    I hate how people say there’s going to b a crash … there isn’t going to b any crash … FEDS ARE BUYING ALL THE DEBT… they are the lender n buyer of last resort …

  44. DDK
    July 17, 2021 at 5:15 pm

    Already been crashing in uk for last 5 years….but meh it needed to

  45. Ash R
    July 17, 2021 at 5:15 pm

    Hmmm….. You've missed a crucial factor. I get the basic reference point equity market correlation to housing market. This makes sense in "normal times". But this isn't normal. What you want to be scrutinising is UNEMPLOYMENT Rate vs HOUSING MARKET. Forget interest rates, liquidity, fiscal policy , if swathes of population are ill or losing jobs at a rate in depression that should be the overriding condition

  46. Hannah
    July 17, 2021 at 5:15 pm

    social distancing?