Craig and Jack discuss how the current real estate market mirrors the early stages of 2007–2011. Pulling from firsthand experience during the Great Recession, Jack explains why he believes we’re only in the early innings of a liquidity-tightening cycle — with 2024 resembling 2007 and 2025 resembling 2008. They break down investor psychology, rate cycles, liquidity, pent-up demand, and how long real estate corrections really take to materialize. They also share practical advice for flippers and real estate investors on pricing strategy, avoiding the “loss-aversion death spiral,” and how to stay liquid to capitalize on opportunities that may appear over the next 12 months.