500 - Think We’re Headed Toward a Housing Market Crash? That Mindset Will Prevent You From Making Smart Investments. by Dave Meyer
Not wanting to make an investing mistake is normal - but you could be limiting yourself with these beliefs.
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Show Notes
Do you want to invest in your first or next property, but find yourself wondering if you should wait for “the crash” before jumping in? If so, you’re not alone. Dave Meyer has talked to countless people—from experienced investors to my personal friends and family who are just looking for a primary residence—who are all questioning whether they should buy now or “wait for the crash.”
This is a natural question. No one wants to buy at the height of the market, only to see property values decline for a few years. However, this question also demonstrates a fundamental misunderstanding of the normal cycles in the housing market. The housing market doesn’t actually “crash” on a regular basis, and the belief that it does is preventing people from making sound investing decisions.
In Dave's opinion, the basis of this crash fear lies in the trauma of living through the Great Recession and housing collapse in the late 2000s. He calls it “housing market trauma”—not in an attempt to make light of it—but rather to give a name to something experienced by many. (Read more at https://www.biggerpockets.com/blog/housing-market-trauma-and-real-estate-investing)
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