On The Market “50% Price Cuts!” and Other Outrageous Housing Crash Clickbait w/Jeb Smith
Dec 16, 2024
Jeb Smith, a seasoned real estate broker and YouTuber with over 18 years of experience, joins the discussion to tackle the rampant clickbait surrounding the housing market. He dives into the truth behind sensational claims like '50% price cuts' and the misconceptions about a looming California crash. Jeb emphasizes the importance of local market data and explains the ongoing shifts in property values driven by trends in technology and interest rates. Together, they demystify alarming predictions and advocate for data-driven decision-making in real estate investing.
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Misleading San Francisco Crash Narrative
- The video focuses on a San Francisco building with structural issues, falsely implying a widespread crash.
- It cites a price drop in one building and uses Redfin estimates, misrepresenting market health.
Interpreting Price Cuts
- Price cuts don't indicate a crash; they signal mismatched seller expectations and buyer behavior.
- Sellers often overprice initially, leading to reductions, but this doesn't reflect market decline.
Debunking "All Hell Breaks Loose"
- A video titled "All Hell Breaks Loose This December" was debunked.
- Despite the video's prediction, December arrived without economic collapse, demonstrating its inaccuracy.