14: The Crash Predictors Are Wrong, Here’s Why w/Logan Mohtashami

The housing market is confusing, to say the least. In 2020, at the start of lockdowns, nearly everyone you spoke to had the opinion that the housing market was headed straight for a crash. Not only was this wrong, but it was the opposite of what the data was saying. While mainstream news outlets and “2008 crash bros” were painting a picture of foreclosures, price drops, and bottomed-out demand, Logan Mohtashami was singing a far different tune. Logan had been looking diligently at the data (like he does most days over at HousingWire) and he saw patterns that didn’t at all reflect the last recession. Instead, Logan predicted a runup in prices, hot buyer demand, and very low rates of foreclosures. In a time when almost everyone with a public voice was calling for an apocalyptic housing scene, Logan predicted much differently. Now, two or so years later, we can see just how right he was. We’ve brought this beloved data-first housing market deep diver onto the show to answer some of our most burning questions. Logan hits on how housing inventory got so low, what will force demand back down, why new property taxes are bad news for buyers, and the smartest move an investor can make in 2022. In This Episode We CoverHow to dig ourselves out of the housing inventory hole we’ve createdThe “forbearance” myth that most housing market forecasters missedWhy buying a home may be the smartest hedge against inflation of the decadeProperty taxes and why homeowners should (or shouldn’t) start to worry about themHousing markets to look out for that may see demand drop after huge appreciation pumpsWhy investors need to look at data “the right way” instead of relying on prominent internet forecastersAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets AgentJoin BiggerPockets for FREEOn The MarketJoin the Future of Real Estate Investing with FundriseConnect with Other Investors in the “On The Market” ForumsDave’s BiggerPockets ProfileDave’s InstagramKathy's BiggerPockets ProfileKathy's InstagramMortgage Applications Decrease in Latest MBA Weekly SurveyNearly 1 in 5 Sellers is Dropping Their PriceGet 50% off HousingWire+ Using Code “LoganVIP50"Is The Housing Market About to Collapse? What Investors Need to KnowConnect with Logan:Logan's HousingWireLogan's TwitterLogan's WebsiteLogan's InstagramCheck the full show notes here: https://www.biggerpockets.com/blog/on-the-market-14Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

On The Market