2021 Housing Market Thoughts...
youtu.be
The speaker discusses the possibility of a real estate correction or crash and provides their opinion on when it might happen and how bad it could be. They caution viewers to be careful who they listen to as many people will be giving advice and doing clickbait things to get attention. The speaker then shares their opinion on the three things that affect the market the most: supply, demand, and interest rate. They break down where these factors are currently and where they're going to move in 2021 and how that could affect the market.
The speaker notes that prices are currently at an all-time high for several reasons, but this does not necessarily mean a crash is imminent. They also mention that they own a flipping company and have a rental portfolio, giving them insight into the market. The speaker predicts that interest rates will remain low in 2021 and that the combination of low supply, high demand, and low interest rates will make 2021 a great year for real estate investing.
The speaker also discusses how people are moving to California and looking for more space due to remote work. They note that interest rates are at an all-time low, which is contributing to the hot real estate market. They caution that nobody knows for sure what the future holds, but they will update viewers if anything changes. The speaker ends with a joke and encourages viewers to follow their social media for real estate advice. Overall, the video provides valuable insights into the current state of the real estate market and what investors can expect in the coming year.
The speaker discusses the possibility of a real estate correction or crash and provides their opinio