In this video I answer a lot of burning questions, why are house prices still rising? When is the housing market going to crash? And how big the housing market crash will be.
House prices are still rising for a number of reasons, demand is going up due to stamp duty cuts, low interest rates and schemes in place to safeguard jobs and extending mortgage holidays. Supply is falling due to a sharp reduction in new home completions and the lack of ‘oversupply of homes onto the market’ as unemployment is fairly low.
In the short term I do think prices will continue to rise while the world hasn’t entered a second lockdown. However, in the medium term I do think another lockdown is likely and therefore the housing market is likely to crash.
Theres a lot of data out there at the moment on how far the market is likely to crash. Some sources say 4-6%, some sources say 7-8% and some sources say 16-20%. Some sources such as estate agents are likely to provide a bias opinion so they can continue claiming their commission.
If you’ve made it this far then be sure to drop a comment down below, letting me know 🙂
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Rich Dad Poor Dad - https://amzn.to/3gqVJBW
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The Wolf of WallStreet - https://amzn.to/2PgVeyo
The Four Hour Work Week - https://amzn.to/30hr3xe
Think and Grow Rich - https://amzn.to/2XkLyHg
Intelligent Investor - https://amzn.to/2BUqEYg
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The information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, electrical or financial advice. IF stocks or companies are mentioned, Thomas MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on Thomas' videos. If you need such advice, please contact a qualified accountant, solicitor, insurance agent, contractor/electrician/engineer/etc. or financial advisor.
This is not an advertisement of property for sale and shall not be construed as anything other than an opinion for entertainment purposes only.
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Inspired by Graham Stephan, Meet Kevin, Shaf Rasul, Andrei Jikh, Nate O'Brien, The Credit Shifu and more.
#Housing #HousingMarket #MarketCrash
House prices are still rising for a number of reasons, demand is going up due to stamp duty cuts, low interest rates and schemes in place to safeguard jobs and extending mortgage holidays. Supply is falling due to a sharp reduction in new home completions and the lack of ‘oversupply of homes onto the market’ as unemployment is fairly low.
In the short term I do think prices will continue to rise while the world hasn’t entered a second lockdown. However, in the medium term I do think another lockdown is likely and therefore the housing market is likely to crash.
Theres a lot of data out there at the moment on how far the market is likely to crash. Some sources say 4-6%, some sources say 7-8% and some sources say 16-20%. Some sources such as estate agents are likely to provide a bias opinion so they can continue claiming their commission.
If you’ve made it this far then be sure to drop a comment down below, letting me know 🙂
My Favourite Investing Books;
Rich Dad Poor Dad - https://amzn.to/3gqVJBW
The Big Short - https://amzn.to/2ExjIB5
The Wolf of WallStreet - https://amzn.to/2PgVeyo
The Four Hour Work Week - https://amzn.to/30hr3xe
Think and Grow Rich - https://amzn.to/2XkLyHg
Intelligent Investor - https://amzn.to/2BUqEYg
The Equipment I use to make these videos;
Camera - Canon EOS M50 - https://amzn.to/3225DVx
Microphone - Rode Video Mic Go - https://amzn.to/2F4C5On
Lighting A - 2x Softboxes - https://amzn.to/331O1IW
Lighting B - Neewer Ring Light - https://amzn.to/3309wda
Small whiteboard - https://amzn.to/2R6urW5
If you enjoy these videos and want me to continue making more, consider becoming a member of the channel here; https://youtube.com/channel/UCRTndpz_fpcVcoVe0QF1IgA/join
Buy bitcoin using Coinbase here - https://coinbase.com/join/smallb_1u?src=ios-link
DM me on Instagram to get a free share worth up to £200 with FreeTrade - ThomasJamesYT
Social media
Instagram - ThomasJamesYT - https://instagram.com/thomasjamesyt
TikTok - ThomasJamesYT - https://tiktok.com/ @thomasjamesyt
Subscribe for more related content - https://youtube.com/c/ThomasJamesPropertyInvesting
The information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, electrical or financial advice. IF stocks or companies are mentioned, Thomas MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on Thomas' videos. If you need such advice, please contact a qualified accountant, solicitor, insurance agent, contractor/electrician/engineer/etc. or financial advisor.
This is not an advertisement of property for sale and shall not be construed as anything other than an opinion for entertainment purposes only.
Links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week!
Inspired by Graham Stephan, Meet Kevin, Shaf Rasul, Andrei Jikh, Nate O'Brien, The Credit Shifu and more.
#Housing #HousingMarket #MarketCrash
MARKET CRASH !!
Please share your thoughts on house prices (both new-builds & older homes) in village scenarios as every other expert seems to focus on big cities like London / Manchester… What about villages in Lincolnshire & Yorkshire ??
Thanks again
Market Crash
As always Thomas, your work ethic does not go unnoticed! Thanks for providing this in depth analysis, it really helped create a more realistic picture of what could potentially happen. I would be interested in knowing what your thoughts are on what the government/ housing association might be doing with the properties which they currently own as essentially the local boroughs have huge financial deficits in their financial planning and one of the easiest ways for them to get hold of cash could be from selling properties. Do you think the government may offer incentives in order to get more tenants to purchase property from the council/housing association as well as trying to help out on sales during the housing crash?
IT IS WISHFUL THINKING, THAT THERE WILL BE A HOUSING MARKET CRASH, I DISAGREE WITH YOUR THESIS THAT PEOPLE WILL HAVE TO SELL THEIR HOMES, MOST PEOPLE WHO SELL THEIR HOMES, DO SO, BECAUSE THEY WANT TO, FOR DISCRETIONARY REASONS, NOT BECAUSE THEY HAVE TO. THE MAJORITY OF THE LABOR FORCE IS STILL EMPLOYED, AND THE GOVERNMENT WILL NOT ALLOW A TOTAL DEPRESSION, POLICY MAKERS ALSO HAVE SKIN IN THE GAME, I.E. THEY OWN REAL ESTATE AND STOCKS, ETC. THE FED AND THE CONGRESS DO NOT WANT TO COMMIT POLITICAL SUICIDE BY ALLOWING THE ECONOMY TO GO INTOA DEVASTING DEPRESSION. IT IS ALL A MATTER OF COMMON SENSE . THE BULL WILL RAGE, SO POSITION YOURSELF TO RIDE IT ALL THE WAY TO THE BANK.
Thomas you are spot on. In NYC they putting bubbles around tables so people could eat outside!! It’s not gonna last we get brutal winters!!! I’m in Charlotte NC now just waiting!!
Do you reckon we’d see more higher price crashes say 25%? And will we see a housing crash regardless if we have a second lockdown?
Lots of opportunities to come when the market crashes!
Keep us updated the lockdown is coming !!
Great analysis Tom and I agree in the cities the crash is gonna be ugly and you can see this happening now in the rental market ! Do you think is a good time to sell now and buy again in the crash ? 🤪😍
If you watch this with the volume off, it looks like you are making a rap video
Market crash
Market Crash
Market crash? No, market correction. We all get to buy houses for cheap.
Market crash…
I almost feel like a financial vulture waiting for the crash to snap up a good deal on my first home. But hey, there are always winners in bad situations. Great video mate!
Difficult one as I use my houses for rental income, so selling them is a risk and and expense. Unsure what to do. Might just sit tight.
This is the government still bailing out the banks. Furlough and the new wage bail out is done to bail out the banks. Why is it not means tested. I had to stop work due to a heart virus. I would have got benefits but did not because I had a pension. Those that have had Furlough could own 50 homes and would get bailed out. A disgrace and abhorrent attack on the poor. Bail out the rich to poop on the poor. Why should someone living in a 2 million pound house get bailed out when ex servicemen are living on the streets. A bail out for the rich is not acceptable.
Also, great analysis Thomas, agree with everything you say in this video
There will not be a crash. Too much demand, not enough supply. Not everyone is suffering during this recession.
Stock market and housing market crash highly like in my opinion. A perfect storm.
The big unknown however, is how the government and the BoE may respond. New help to buy, mortgage interest relief, negative rate all may have an effect
Great video 🙂 i think they will crash soon too
MARKET CRASH
When do you think the housing market is going to crash? and how much do you think it will crash by?