Everyone Predicted a Housing Crash, Here’s Why It Didn’t Happen
Dec 30, 2025
Discover why the anticipated housing crash never came to fruition. Learn about the structural supply shortage dating back to 2008 and how locked-in low-rate mortgages keep homeowners in place. Explore the strong balance sheets of current homeowners and the current stringent lending practices preventing a market meltdown. Find out why waiting for a price drop could price you out of opportunities. Plus, insights on the Canadian market and the ongoing rent-versus-buy affordability gap add depth to the discussion.
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insights INSIGHT
No Crash Without Forced Selling
Housing didn't crash because sellers were not forced to sell and delinquencies/foreclosures remained low.
The market stalled rather than collapsed due to structural supply shortages dating back to 2008.
insights INSIGHT
Supply Shortage Started After 2008
A long-term supply shortage began after 2008 as building and lending pulled back and never fully recovered.
That constrained supply is a key reason prices stayed elevated despite higher rates.
insights INSIGHT
Rates Lower Values, Not Operations
Apartments remained operationally healthy with high occupancy even as values fell because rates drove cap rates.
Rate-driven value declines differ from operational distress in multifamily markets.
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Ken and Danille McElroy break down why housing prices didn’t collapse, what actually absorbed the pain, and how buyers, sellers, and investors should think differently moving forward.
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ABOUT KEN: Ken is the author of the bestselling books The ABCs of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABCs of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
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