The real estate market has already crashed. We’ve all been lied to.
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*TIMESTAMPS*
0:00 – Intro
0:42 – “Everyone is just going to rent”
1:17 – “The real estate market is not going to crash”
1:54 – House in Las Vegas, NV as example of crash
2:42 – The math of losing 50% on a house
5:17 – What is missing with this house?
7:03 – House prices have crashed relative to other assets
8:37 – The rise of mortgage rates – Warning Sign
9:51 – The fallacy of historically low delinquency rates
10:47 – Price cuts are here….and getting worse
12:54 – You have to find a cash buyer with high interest rates
13:45 – Doom spiral in housing because of increased costs?
15:06 – Marry the house, date the rate fallacy
16:47 – Highest level of families behind on loan payments
17:46 – Renting is better than buying in every city in USA