40% CRASH? How Much Home Prices will DROP in Your City

36 Comments

1. Make sure to check out the Request section because I cover close to 50 Cities. Starts at 13:39.

2. Things are much different. It’s not going to crash the way it did in 2008. Sorry bro 🙁

3. In 2003-2008 I was a real estate licensed loan officer. The firm I worked with was part of New Century Mortgage…Sub prime lender that took most of the market down in 2008 when they went belly up. We knew at least a year before the general public did that New Century was toast. Like the walking dead basically. BUT business went on as usual for quite some time. The markets were manipulated via the loose lending practices that were "invented" to make certain ALL AMERICANS rich or poor, good credit or CRAPPY CREDIT could buy a home. As usual people take advantage of the rules and we got what we got in 2008 ish. In 2004 lending slowed down and each time it slowed down in those early 2K years, the banks would market some new loan programs that would stoke the fires and keep things moving upward. The real damage was caused (IMO) when they marketed the Neg Amortization loans and interest only loans in 2004-2005 ish. They did that because home prices were getting so high that people could not qualify anymore. BUT those new loan programs meant that you could qualify on the interest only portion of the loan. So you could buy a 700K house with only 100K incomes. Tons of investors got those loans and had very little skin in the game and when prices started to tank they just walked away. That is what started the down hill slide. TODAY however, is a different mix of government tricks that got us here. I have no idea how this one will play out. There are so many variables today that did not exist then. Will those variables change the outcome? IDK. One would think that the stats Nick delivers on his shows would inevitably become truth in the not to distant future. This is going to play out in a market by market scenario even sliced into certain zip codes. its going to be micro not macro in some areas. Bottom line: this is way more difficult to predict than 15 years ago. It has become a game of skill sets for guys like Nick that dissect ALL the numbers. It is more like playing the stock market today and requires a lot of knowledge and luck to not lose your ass.

4. in Seattle nothing will change. Chinese coming from China with case of cash and buying houses in Seattle by cash. They do auction between each other. For them buy house with few millions dollars it is peace cake. Plus people works in Microsoft, Amazon, Google , for them also not a big deal to buy few millions dollar house.

5. You're just saying the SAME thing over and over again every time you post with the lame "by the way pay me and I'll analyze your market"

6. how does it look in Richmond VA?

7. Thanks for the detail. In the Nashville market it'll be interesting to see as tourism dies down how all the airbnb's start selling off as they're buying $500-1M homes just for airbnb revenue. May not die down as well, considering the majority of the tourists are midwesterners.

8. What do you think of Dave Ramsey saying that prices will not go down, just the rate of price increases will slow?

9. Despite the economic downturn,I'm so happy☺️. I have been earning $ 60,000 returns from my $7,000 investment every 13days.

10. Request to government please check Bay Area many people buy houses Without any papers or any illegal immigrant how can they buy house

11. Timestamp 9:84 Satanic Hand Symbol w/ Left Hand.

    He is a disbelievers and shaytan

12. You know those over inflated prices were driven by people moved from California. Based on that standard, everywhere is a bargain for them.

13. 21% In Houston seams too aggressive

14. Would really like to hear more about idaho.

15. Please do bentonville, Arkansas. I want to move there. Seems a good place having Walmart headquarters and suppliers in town

16. The stock market has been a really tough one this past year, but I watched an interview on CNBC where the anchor kept mentioning " TERESA JENSEN WHITE ". This prompted me to get in touch with her, and from March 2022 till now we have been working together, and I can now boast of $540,000 in my trading portfolio.

17. how about the Jersey Shore? Point Pleasant?

18. For Arizona. I don't think it is going to crash because boomers are retiring in droves. They are selling their big home in CA or where ever they raised the fam for their two houses in AZ. One in Phoenix area/Tucson area and one in Flagstaff/Pinetop area. We are watching them come in droves here. I think it is going to stay the same for the next 10 years as they retire and get their two small homes to follow the good weather here. Remember the boomers are the largest population right now in society, they are the ones with the pensions and the 401ks to cash out now.

19. Can you do 3 Canadian Cities
    Vancouver
    Toronto
    Halifax

20. MOVE to MEXICO. I left the deadly and expensive USA at 79!

21. Courdelane

22. Well you have huge tech companies and a lot of demand form California moving into Austin Texas so why is it so surprising that Austin prices went up? I don’t think you can call Austin a huge bubble

23. Nick, are you taking into account a fairly substantial rise in unemployment? I believe corporate earnings will decline which will lead to layoffs which, in turn, will lead to more houses being put on the market, and more foreclosures. Is this all factored in your calculations?

24. Like always,outstanding

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26. I'm not opposed to seeing prices drop but the three indicators you are using don't really dictate prices and you haven't given a reason why they will go down. Bubbles are caused by some sort of systemic failure like giving out stated income loans based on a flawed default rate model. What is the systemic issue that is causing the bubble? I think things are cooling down and will level off but I don't see an actual bubble that will cause a crash.

27. May I ask for Tyler, TX numbers, please?

28. Homes overall are 11% over the historical trend average, so your estimate about new York should be spot on. I'll be curious to see how close your other predictions come, -35% is going to devastate Austin. Can't see it hitting highs like that for another 15+ years

29. Yes that sounds really nuts! We here in the USA never had such high inflation & EVERYTHING is going UP! With more immigrants (over 20%) , they will compete for homes as well.
    How can everything go up & houses go down? Food & Gas prices skyrocketing!

30. This collapse is mandatory and if the leaches who helped cause this lose money – oh well.

31. if nuclear war everything's worth nothing 😇

32. Are you factoring the taxes? A $500k home on east coast typically cost $15000 property taxes, where as $3000- $5000 in colorado. price to earning ratios is just one aspect of it. In Seattle, supply is so tight, not much land to build on, and so many cash investors from Canada and Asian countries, it will keep price high. Bay area is similar.

33. What about South Jordan Utah? Outside Salt Lake city Utah. Should I sell now before or if the market crashes?

34. When will this happen?

35. Any chance you have data on Summit County, UT? Or Park City more specifically?

36. Thank you Nick

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