Logan Mohtashami debunks lies about a massive housing bubble in Southern housing markets
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- Опубліковано 29 сер 2024
- On today’s episode, Editor in Chief Sarah Wheeler talks with Lead Analyst Logan Mohtashami about new home sales and how data debunks recent claims that we are seeing a massive housing bubble in southern states.
Luckily, my spouse and I were able to pay off our mortgage early. We took the money we were spending to accelerate our mortgage repayment and invested it right away while we were both still working. We were able to retire early after accumulating what would have been our home payment for over 7 years and maxing out our 401K/403B plans. Thankfully, both of our parents taught in us the importance of living within our means.
Investing without proper guidance can lead to mistakes and losses. I know this since I've been there myself.Seeking guidance from a professional is preferable if you're new to investing or don't have much time.
Investors can have different investing results even with the best strategy and suitable assets. Understanding how experience plays a critical part in successful investing is key. Since I was aware of this, I consulted a market analyst for advice, which helped me build my account to about a million dollars. Having strategically cashed out just prior to the market correction, I'm now taking advantage of buying opportunities once more.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances
Leah Foster Alderman is the licensed expert I use. Just look up the name online.
She seems to be literate and well educated. Thank you for sharing, I found her webpage when I searched for her online.
Thank you for this. I live in the south and couldn't help but laugh at these people. Our in bound migration is high and new builds sell at a solid pace.
I was surprised people didn't know the new home purchase application data.
@@LoganMohtashami I'm just glad there's sane voices left. It's really sad what the doom RE creators have become. They just can't get over the fact that 2008 just isn't that into them 😂
Yes we all need a Logan! ❤
I am a long-time Realtor outside of Jacksonville, Florida. Thank you for this. I followed Nick and stopped because his information, while interesting, was incorrect. I do agree that we have A LOT of new construction, and they are cutting prices and offering incredible incentives. This is driving homes in the $300-$450 resale market to reduce prices to compete. The good news is that there is a lot of equity. We need the sellers to realize the builders will cut to get buyers, and we need to have either rates or prices come down.
Logan needs to pick a fight with Nick's followers, and compel them to make Nick debate Logan. Or make a debunking video within 30 minutes of every video Nick puts out and engage all his followers. The only way Nick will pivot is if you drink his milkshake.
No way on planet Earth he would because I would ask for 5 years of forecasting and a model tied to his work, and he would fly out of the country before that
Realtors said this back in 2008 lol. Go ahead and keep buying houses!
Four million active listings in 2007 vs. 1,128,000 today, four years of rising credit stress before the job loss recession 2008, near all-time lows in credit stress for homeowners today. Different market place
Unless there is massive unemployment, nothing will change. Maybe some problems in FL, TX and NV, but the rest of the country is just fine.
Logan, I agree with you Nick is terrible, but no one expected the Corona virus to push home prices in 2020
Inventory collapsed in 2020; it was trending lower for 10 years. No human being on planet Earth can say the lowest inventory levels ever, 3% mortgage rates, and home sales broke out before the COVID-19 event hit us, and that is the baseline of the 2020 home price bubble crash call.
They have been doing this every year since 2012.
The history of home prices going back to 1942 is straightforward; you need more inventory and distressed sellers.
Also, it's 2024, home sales have crashed, and rates have been at 6%-8% for over 2 years now; these people are not serious housing people. They're doom porn nut cases.
In the Summer of 2020, my home prices will be overheated premise compared to the Housing Bubble Crash. There is a reason I was teaming higher rates early in 2021: I saw how bad it can get with prices to the upside, not the downside, in a bubble crash.
Nick doubled down on his thesis before, during, and after covid. No covid excuse. He peddles fear.
still no demand.
Near 5,000,000 total home sales still this year
@@LoganMohtashami 4 million, 5 million, who's counting :p
@@seanoconnor8138 I say that because it's rare post-1996 for existing home sales to trend below 4,000,000. Adjusting to the civilian labor force, these are the 3 lowest home sales years ever, but still near 5,000,000 total home sales. In the early 1980's home sales crashed to 2,000,000 from a 4,000,000 peak
👏👏👏
Thinking this is a bubble is completely 2008 phobia and lacks all logic.
Reventure is a clown. His flock of frustrated homebuyers and forever renters never get upset with his garbage analysis because he tells them what they want to hear. The broke renters keep watching him because it's a numbing drug.
Any real participant in the market ignores him because his bad analysis and junk predictions hurt them. They unsubscribe.
Cope
Who is coping for what in your scenario?