The stocks market in 2008 showed an instant reaction to the downfall of our global economy. 3 to 4 years later, the real estate market finally reached its bottom. With current market conditions we have seen a lot of movement with the stock market due to the coronavirus yet we haven't noticed much happen to the real estate market. Here are a couple steps you can take now to better prepare for a real estate market crash!
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The Stock Market falling/ crashing can be a scary thing when you are not informed on how to make money during a stock market crash! The corona virus isn't getting any better and opportunity is among us, let's take time to inform ourselves and make the most of this opportunity!
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DISCLAIMER: Please note that i do not ask for any information. I always encourage our members to trade ONLY what you understand and never based on anyone's opinion. My videos are for entertainment purposes only.any questions to message me as i would love to be a part of your success.
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1.✅Techbuds FB Group: http://bit.ly/techbudsfbgroup
2. 📈A-Z Beginner Day Trading Course: https://learnplanprofit.net/
3. 👕New Apparel Line: https://shoptechbuds.com/
4. 🚗Join Car Investing Team: http://bit.ly/GETSTARTEDFLIPPING
● FOLLOW ME ON INSTAGRAM!
📸 Ricky's Insta: https://www.instagram.com/rickygutierrezz/
📸 Techbuds Insta: https://www.instagram.com/techbudsolutions/
For those who are interested in Trading & Investing, I encourage you to join Our Free Trading Group of over 250,000!
Thank you for the support, the best way to reach out to me is through our private discord chat, please DM me.
The Stock Market falling/ crashing can be a scary thing when you are not informed on how to make money during a stock market crash! The corona virus isn't getting any better and opportunity is among us, let's take time to inform ourselves and make the most of this opportunity!
If you have any suggestions for future videos such as Day Trading, Investing, Stock Market, Real Estate, Car Sales, Robinhood, TD Ameritrade, Crypto & bitcoin, Entrepreneurship, Forex, Online Marketing, Online Sales or fun daily vlogs. Please let me know.
DISCLAIMER: Please note that i do not ask for any information. I always encourage our members to trade ONLY what you understand and never based on anyone's opinion. My videos are for entertainment purposes only.any questions to message me as i would love to be a part of your success.
✅Surprise You Found $40 Off The LPP Course: http://bit.ly/40offLPP
Ricky, what would you advice to foreign investors. I currently own a vacation house near Disney World, worth 400k. Because of the virus everything is on hold, no tourists any time soon. Should I take the losses due to maintenance, etc?
you should do a give away to help those affected by the virus
Here in AZ inventory is super low and demand is high, I don’t see a market crash in AZ anytime soon. Other states maybe, but in my opinion AZ is unlikely
Thanks for this vide, Where di you find the Case-Seller Chart you showed in the video?
Pls stop making videos most boring video just go to the point dude stop going around
The virus scare is short term tho, so waiting too long will burn lots of people. I plan on buying within 2-3 months.
It takes a year for a banks to reposes the house, Rental prices and mortgage prices just too high
Hey, Ricky! Awesome video. I can definitely relate with missing opportunities just because I thought the market was overpriced (basically losing an 80% increase in a time span of 3 years).
The real-estate market will crash, simply because many people will loose their income and the housese will be foreclosured like in 2008. It will happen not in 3-4 years but in much shorter time. Look at the slope the stock were loosing value. The real-estate market will follow the same trend.
I lived through the housing crash and bought my house in 2010.
I believe what lead to the crash is the laxed lending. They gave loans to anyone and everyone. If you had a pulse, they gave you one. So people were buying $500,000 houses with little money down at low interest rates on a $40k a year salary. They also got a variable rate so after 3-5 years their rates went from 3% to 7% (I don't remember how much it was exactly) people couldn't afford them anymore. A lot of folks lost their house this way. Then since housing was getting cheaper, people who bought them at $500k were now saying, why am I paying a $500k loan when I can buy the same house for $400k now. So people were abandoning their homes even when they could afford it. This lead to more and more houses on the market eventually dropping prices to $300k.
Now that I think about it, maybe it was due to stock market crash. Market crashed, feds lowered rates to zero which then lead to laxed lending. Once interest went up, the people with variable rates, their mortgage also went up.
Thanks for this step by step guide Ricky! It was good stuff.
Thank you for the valuable information! Very grateful
I like how you're smiling in your thumbnail, this a horrible thing.
What are you talking about? Did you see how REML went from 28.39 to 52 cents?
Get a external mic…
2008 crash was because of the real estate market, which make sense as to why the real estate market would go down. Right now people are just sitting home and chilling. Of course this would drop the stock market, but I think it's not going to really affect the real estate market. Remember 2008 everyone had mortgage that couldn't be paid off that's why the economy went down. Now its because people cant work because of the virus, but once this virus is down things will go back normal
More of correction than a crash
IMO, I would wait until fed starts bailing out TARP and REITs. Real Estate markets (MBS and Collateral debts) are in for a big trouble already. Unemployment is estimated to go skyrocket by analysts and $1200 is not enough to pay the bills ( rent or EMI etc). Fraddie & Frannie is seeking for help already. A domino effect like 2008 crises and this time is more severe due to force shutdown in economies.
So you are pretty much saying prepare for the downturn, you hope we dont go into a recession, and you cant predict the bottom. . . Im curious. . how many homes to YOU CURRENTLY OWN?? NOT how many you've loaned on . . . how many do you own?? thanks !
How long you trading?
IF you were sure the market will go down, then you could sell and then scale back in on the way down, like with stocks, to enhance your real estate returns. And you should plan on having capital for that purpose.
Just an idea. Your thoughts?
I have noticed as a retiree that having no income makes real estate a bit more difficult. No shown income.
Reading the comments really hurts. U can‘t just take the 08‘ crash as a blue print. If the deflation is followed by a major inflation you‘d wish you bought the house you was about to buy.
Why do you think the real estate market bottomed out 3-4 years later? What accounts for the gap and how long did it take to fully recover? I plan to invest in property and self build a home with my partner, hoping to find a good deal and begin this summer. We'll live in it for a year or two, but I'm curious how long it will be before I can plan to sell.
Good ideas
Started to get really interested into real estate in the past couple of months and slowly increasing the rate i inform myself since i am not legally allowed to buy realestate till next year nor have the resources yet. When the market recovers it will probably be a good time to get into it and learn in practise
I think it really depends on where you live and how strong or affected the mains industries are going to be hit in your city. We were always talking about a market crash in the silicon Valley but we also have to consider that we have pretty strong profitable companies that are not affected as much as other cities.
Cash flow baby!!!! 😂
Love it Ricky, thanks for sharing the info
Get your credit up guys!
Ricky, what would you do if you happened to already buy your first property before this all went down? Is there a way to hedge this?
Really articulated and knowledgeable! Keep up the awesome content my man!
Are you Hispano.?
During such unfortunate times, one of the best things we can do is inform ourselves!