Housing Market Crash

[Quintin Green]

Hey yall, Im pretty new to Real Estate investing and ive been reading a lot of books on Real Estate Investing too. In the news and other outlets, ive heard a lot of talk about a housing market crash or recession. I was wondering if I should still be investing prior to this and during a possible crash/recession? If someone could give me some insight, I would appreciate it alot!

[Brenden Mitchum]

Hey @Quintin Green, welcome to the BP community!

Unfortunately, there is just so much unknown right now. It really is an unprecedented time. Q2 GDP was down 30+% (I think it was 32.4% or something like that). Unemployment in many markets is still quite high (10+%). 250k+ FHA borrowers in Atlanta alone are behind on their mortgage payments. And the fed is pumping trillions of dollars into the economy. These big headlines make me think we're headed for stormy waters, but right now things are looking pretty good (at least in comparison to what many expected when COVID began). So who knows when the boat will change directions.

There's no sense in trying to time the market, but just keep your eyes on what's going on. The more you have your finger on the pulse of the economy and the market, the more prepared you can be for coming opportunity. And don't be afraid to jump in right now if you are ready and you find a great deal. Just make sure that you are extra conservative with your numbers. I would not recommend jumping into anything with a long timeline since no one really knows what the market will look like in 3+ months.

Hope this helps a bit and please feel free to reach out anytime if you have other questions or just want to chat!