Recession fears are increasing. The stock market has taken substantial hits, housing inventory is climbing, and bank account balances are starting to fall. So, with more economic turmoil, we have to ask: will the housing market crash? And if we get a housing market crash, how bad (or good) will it be for investors? Could we see a 2008-style selloff, or should we be more prepared for small dips worth taking advantage of? Today, we’re asking two top investors these questions, one of whom literally wrote the book on Recession-Proof Real Estate Investing.
J Scott and James Dainard join us on today’s episode to discuss market crash predictions, scenarios, and opportunities for real estate investors. Both J and James experienced the 2008 housing market crash—an economic event almost impossible to forget. But is 2024 shaping up for a sharp decline like 2008, or will we simply see a slower real estate market like most people had expected when interest rates began to rise?
If the market DOES crash, what should you look for to take advantage, and how do you ensure you don’t get caught biting off more than you can chew? J and James break down their game plans if prices fall and why buying now could set you up for wealth ten years from now, IF you can handle the “fear” of buying when others are running from real estate.
In This Episode We Cover
New housing market “crash” predictions and how low prices could go
Why economic “fear” is rising now, and the recession indicators that are going off
Rising housing inventory and why experienced investors expected this already
The difference between the 2008 housing market crash and today
What could cause a housing crash and how to know it’s time to buy
The immense opportunities for investors that 99% of Americans will pass up
And So Much More!
Links from the Show
Join BiggerPockets for FREE
Let Us Know What You Thought of the Show!
Find Investor-Friendly Lenders
See Dave and James at BPCON2024 in Cancun!
Dave's BiggerPockets Profile
James' BiggerPockets Profile
J's BiggerPockets Profile
Why Has the Housing Market Not Crashed in Over 15 Years?
Grab J’s Book “Recession-Proof Real Estate Investing”
Jump to topic:
(00:00) Intro
(04:01) New Recession Fears
(14:25) Is This Like 2008?
(18:05) What Will Cause a Crash
(31:11) What to Do During a Crash
(36:56) Opportunity for Investors
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-248
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
On The Market