June 23, 2024

HOUSING CRASH ACCELERATING!!!

20 minutes

In this episode, we delve into the accelerating housing market crash, examining the latest data on transactions, inventory, and price trends. I share insights from Altus Research and discuss the impact of high interest rates on the market. We also cover the myth of Wall Street's dominance in the housing market and highlight the importance of homebuilders stepping up to build affordable homes. Finally, I address some frustrations with certain online channels spreading fear and misinformation, and emphasize the importance of personal responsibility in building wealth.

[00:00:00] - Introduction and Housing Market Update

Introduction to the episode and a quick overview of the accelerating housing market crash.

[00:01:04] - Detailed Analysis of May Housing Data

Breakdown of May’s housing transactions data, highlighting it as the third worst month on record.

[00:02:30] - Week-on-Week Housing Data Insights

Weekly update from Altus Research showing increasing inventory and price reductions.

[00:03:41] - Myth of Wall Street Dominance in Housing

Debunking the myth that Wall Street owns 40% of rental homes, with specific data from Las Vegas.

[00:05:27] - Federal Reserve Insights and Homebuilder Role

Discussion on Fed President Patrick Harker’s views on interest rates and the need for homebuilders to focus on affordable homes.

[00:06:25] - Predictions on Stock Market and Economy

Predictions on the S&P 500 and Dow Jones Industrial Average, including a potential crash-up scenario.

[00:07:54] - Average vs. Median Net Worth

Analysis of the recent data showing the average US household net worth crossing $1 million and the disparity with the median net worth.

[00:09:55] - Importance of Owning Assets

Emphasizing the importance of owning assets and the superpower of having fixed-rate debt.

[00:11:50] - Community Updates and Events

Announcing upcoming sessions with Dion from Dion Talk and Matt, the Lumberjack Landlord, in the One Rental at a Time school community.

[00:13:27] - Retail Sales Data and Economic Trends

Examination of the latest retail sales data and its implications for the economy and Federal Reserve policy.

[00:14:52] - Rant on Doom and Gloom Channels

Expressing frustration with online channels that spread fear and misinformation, and encouraging listeners to focus on personal responsibility and wealth-building.

Altus Research - Weekly housing market data and insights.

One Rental at a Time Community - Join the community for support, networking, and access to expert sessions.

Dion Talk on Think Media - Interview with Dion from Dion Talk about self-management strategies.

If you enjoyed this episode, please rate, follow, share, and review the podcast. Your support helps us bring more insightful content to you every week. Remember to take personal responsibility for your financial journey and join the One Rental at a Time community to connect with like-minded individuals. Have an amazing day and keep pushing forward!

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By Michael Zuber

4.2

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