July 12, 2024

2021 Housing Market Crash?

With all the talk about a housing market bubble and a real estate crash -this video breaks down what we may see in a 2021 housing market crash. Keep in mind, this is just opinion, you must draw your own conclusions – – no one knows the future!

This video, the topics discussed, and ideas presented are Jaspreet’s opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.
This economy is a lot worse than 2008 and the moratorium on evictions is only kicking the can down the road. I think the levee is going to break on commercial real estate this time, not so much on home owners. CBMS (commercial backed mortgage securities) will be the economic disaster in my analysis. Truth is, right now, at this point anything can cause the big crash.

2021 Housing Market CrashSan Diego Home Mortgage Rates - 2021 Housing Market Crash

I’d add just one more factor that is causing upward pressure on prices now, but downward pressure on prices later: the psychology of lockdown. Even now a lot of families are relatively cooped up at home, and a nice pool, a few more rooms, and a bigger yard in a green neighborhood look REALLY nice right about now. Would we be feeling this same way if we were out in downtown or having family dinners at a nice restaurant every few days or taking vacations to Disney World? Probably not. I think this itch to buy can be multiplied over millions and million of Americans, and once the pandemic is under control, I believe we’ll see this itch evaporate and a huge lack of new home buyers.

I know that with time, the cycle will always come around and have another crash. I figure the next one is more like 2023-2024 time frame than 2021. How much longer the government extends COVID assistance and extra unemployment money is a major factor. Also, which way the election goes next month will surely affect things as well.

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