On The Market

109: “It’s Coming THIS Year” Fundrise’s Ben Miller on The 2023 Financial Crash


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There have been a lot of market crash predictions over the past few years. Since the 2020 flash crash and subsequent asset price skyrocketing, investors have always had an inkling that this wouldn’t last. Once inflation hit decade-long highs, the Fed stepped in to quell constant price pumping, but that came with even higher mortgage rates. Now, commercial real estate investors and everyone else with short-term financing are stuck in a bind. Once these loans come due, they’ll either have to pay them off, refinance, or face foreclosure. So, what happens next?

While Dave Meyer and James Dainard are housing market experts, neither know macroeconomic data as well as Fundrise’s Ben Miller, whose job is to predict market patterns and make the best investing decisions. Last time we talked to Ben, he hit on the “Great Deleveraging,” which would force a massive commercial real estate crash, but today he’s talking about bank failures, a financial collapse timeline, and what he’s buying as soon as the market drops.

The wealthiest in America know that market crashes and financial collapses aren’t a time to worry; they’re a time to make millions! Ben shares the markets with the most opportunity, how to pick up properties for dimes on the dollar, and why hoarding cash during a time like this isn’t such a bad idea. So don’t fear market downturns like this; take advantage of them!

In This Episode We Cover

The “Great Deleveraging” explained and why commercial real estate prices will fall fast 

Bank collapses and what happens when liquidity starts to run dry 

Quantitative easing and whether the Fed will continue to inject the market with money

Assets to keep an eye on during the crash and what Ben is buying

Loans, lending, and what investors can do when banks won’t fund their deals  

Market crash predictions and when Ben expects the situation to escalate 

And So Much More!

Links from the Show

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On The Market

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Subscribe to The “On The Market” YouTube Channel

Dave's BiggerPockets Profile

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James' BiggerPockets Profile

James' Instagram

Post-Pandemic Boom Markets to Cool Off “Sharply”

What High Mortgage Rates Did to The Housing Market

Things are getting really weird in the housing market

Deleveraging: The Dominoes are About to Fall

Commercial Real Estate Could Crash, But Are Everyday Investors Impacted?

The “Catalyst” That Could Cause The Economy to Fall

Listen to “Onward, a Fundrise Production”

Connect with Ben:

Ben’s Twitter

Ben’s LinkedIn

Ben’s Email

Ben’s BiggerPockets Profile


Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-109

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].

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