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Updated almost 5 years ago on . Most recent reply
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The "Imminent" Market Crash in 2019, advice?
So I was listening to the Rich Dad Radio Show and he had an economist (Harry Dent) on who states there will be a market crash towards the end of 2019. This is not the first time I've heard someone say there will be a market crash this year so my question is: how will this affect buying and selling houses? I plan on doing some flips this year but I'd hate if I bought a house and the market crashed before I could sell it and it loses all of its value. I really don't know much about what happens when markets crash, I was 14 in 2008 and I really didn't pay much attention. What would you suggest a house-flipper do under the assumption there will be a crash? How can I take advantage of it and what should I avoid?
Most Popular Reply
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There was a real estate crash that started in 1929 bottoming out in 1933, then again in starting in 2007 and bottoming out in 2010.....77 years apart. Housing market crashes are an incredibly rare event.
There are alarmists in all sectors always calling for a collapse of X asset. They are simply wrong 99.99% of the time in every single sector. No one can predict the future. Even those that claim they time the market cycles, they convince themselves they are geniuses. A broke clock is even right twice a day.
- Russell Brazil
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- Podcast Guest on Show #192
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