In this clip from the Weekly AMA, we talk about the current state of the real estate market.
Between rising rates and rising prices, new home sales are down 16% from April compared to March.
Neal thinks the American home buyer might be getting priced out and Mitch thinks the American buyer isn't selling to upgrade.
It's entirely possible that a massive Real Estate crash is on the horizon. This could be yet another catalyst to deepen the recession. It can also be a huge opportunity for people like us - who invest in real estate - to buy homes and land on the cheap to flip coming out of the next Recession.
Neal is a great example of someone who took advantage of this in 2008, where he made a killing on buying a cheap home that is now worth exponentially more than the purchase price.
Will this be another 2008-like event in real estate?
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