Jason HartmanCEO of Empowered Investor and Real Estate Tools

Debunking Real Estate Market Crash Myths!

Name: Debunking Real Estate Market Crash Myths!
Uploaded: 2024-04-14T20:39:22+00:00
Duration: 41 s
Channel: Jason Hartman
Description: In this segment of Jason Hartman's YouTube video, the speaker challenges the notion of an imminent housing market crash. He notes that despite mortgage…

14 Apr 2024 · 1 min

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In this segment of Jason Hartman's YouTube video, the speaker challenges the notion of an imminent housing market crash. He notes that despite mortgage rates tripling over the past two years, home prices have continued to rise, indicating market resilience. He argues that a genuine crash requires a massive wave of distressed homeowners who must become sellers; however, many homeowners hold low-rate, long‑term mortgages with many years remaining, making them unlikely to become distressed. Consequently, the speaker contends that without this critical mass of distressed sellers, a real‑estate crash is improbable.

Chapters

I would agree that there is an eminent crash if inventory was exploding. But we went through the past two years of literally tripling the cost of mortgage money and prices still went up. What is going to be the catalyst for some big crash? Remember, there is one absolutely necessary ingredient you must have to have a real estate crash, and that is millions of distressed homeowners who become millions of distressed sellers. Without that, you ain't having a crash. Show me how these millions of people who are incredibly comfortable with their ultra cheap mortgages that have 28 years left, how are they going to become distressed? They're so happy they can't get over it.