The Crash Predictors Are Wrong, Here’s Why

Abstract

So people trained themselves to thinking, "That's what's going to happen, people are going to rush to the market and sell their homes and be homeless or rent at a higher cost or" No. Traditionally, a seller for the most part is a buyer, right? So they're going into the selling process thinking, "Well, I'm going to buy X home." Well, when inventory got to all time lows, guess what? Some of them were going, "Oh, maybe not. I don't know if I could even get a house, even if I sold mine." So we need balance. So if you're going to listen to people, listen to people about data, but you always want to ask for their sales forecast. If we had more home sales, we're going to I was never one of those people. If you're living in an older home, or of course it's going to be too small, so naturally people move up in their '40s, they tend to move out. It's like people don't know that people's wages rise each year. Kathy: If you were a active real estate investor, and I'm not sure if you are, but if you were, what would you be doing and what would you not be doing today? Logan: Well, in terms of investment, migration data is really critical because what's happened is that there's parts of the US that never had a lot of construction, because not a lot of people live there, right? So people are moving to areas where it's cheaper because they have money. One of the coolest parts of being on this podcast is getting to talk to people who I consider heroes and role models and people who I look up to and was very fun talking to Logan.