Comments by "Jeffrey Deuitch" (@jeffreydeuitch2146) on "Housing Crash 2021 Starts HERE" video.

  1. Finally someone speaking sense. I have been in RE services for over 25 years and the facts in this video are correct. Saw same in the GFC but also the S&L crisis years. Was same story then. About 1987 to 1992. Many banks and S&Ls failed and were liquidated. Younger folks not generally aware of this. GFC was a carbon copy but larger in wreakage. To say different this time is naive. They were saying same in 2004 to 2005 that repeat of S&L scenario would not happen again since "this time is different" also the theory of "things might level but not drop" was widespread in the 04 to 05 period. Heard that recently? I have from many folks. No telling what will happen again, but history seems to be lining up again.
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  2. All pertinent considerations. The one thing that has happened but is nearly never considered or mentioned is a crash in rental rates. My dad was a real estate broker for 30 years in SW Florida and he used to share stories from the day. One phenomenon he discussed was when the apartment complex market crashed. Some enterprising folks bought up complexes for 10 to 15k per unit and profited mightily after a few years. Point is: rents can go down. When this happens, values and sales prices will be dramatically. His slogan for real estate after 30 years in the business was "no such thing as too high or too low". Unimaginable today? Well, in 2005, prices we saw in 09 to 10 would be unimaginable. In 2010, todays prices would have been unimaginable. Today, what is unimaginable in the future? I dont know, but personally I am not betting against historical cycles repeating.
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