Expert Warns 2023 Will Erase Your Property Value

Real estate has been on the rocks for the last few months but this industry expert warns that 2023 could bring a housing crash that will eliminate the equity in your home. The market has been on the up but has struggled since interest rates have also risen which leads to more expensive payments on your mortgage which will eventually lead to the collapse of our housing values Across the Nation. Patrick bet-david has a podcast in which he spoke about this topic today and I wanted to share this with you to bring to light the possibility of a housing crash due to Rising interest rates
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Disclaimer: Everything I say on this channel is my opinion only and not meant to be taken as advice. All the information I share to buy Real Estate or invest is not be mistaken as a solicitation or recommendation. Always check with a licensed professional before making any investments. My link may contain affiliate links where I can receive compensation for any sales that may arise from any purchase.
#realestate #housingcrash #market

[@kotysh]

Highly depends on location. It’s always about demand and supply. Compare the cities people are leaving to metros they are moving to and the numbers are very different.

[@utpharmboy2006]

my house is paid off and i don't give a damn if its value drops like crazy i love it here and im not selling...even though the offers i had on it were tempting(and it wasnt even for sale) because they were so ridiculously high. this market isn't healthy and prices need to drop a lot to get back to reality of what the majority of normal people can afford or most of america is going to be renting from blackrock.

[@Chief_5]

My wife’s spending causes me anxiety! 😄

[@CultureEstate]

lol, welcome to the party

[@TheSargeHarris]

PBD also said that you are a king if you bought at 2%.

[@artcoin9699]

Hah Pats right on. We used to be neighbors in Glendale Ca . Also went to the same high school Glendale High. Can’t wait to be able to buy a house for my family some day

[@CultureEstate]

Very cool! Pats the man, hope to meet him one day

[@artcoin9699]

@@CultureEstate great content btw 👍

[@joe51av]

I don't think it will be as severe as the last housing bubble bust, as then no doc mortgages, etc. allowed unqualified buyers to own homes they couldn't afford.
This housing run-up was backed by record low rates set by the govt, coupled with the 'safer at home' mantra. But affordability is out of hand so prices do have to fall, but there won't be a mass exodus. I think there will be record low inventory and low sales.

[@CultureEstate]

it it is I'm loading up. Hope everyone is in a good place before then

[@Paolorealtor]

Sure then in 2023 you guys will say 2024 losers😅😅

[@CultureEstate]

I hope we get it over with quickly. Do you think it will be sooner or later than 2023?