THIS ALONE could CRASH the Housing Market!

wow this is crazy for the housing market

crash the Federal Reserve just released

a report that consumers are now

expecting mortgage rates to Skyrocket

take a look at this expectation right

here households expect the 30-year fixed

rate mortgage to rise sharply in the

future to 6.7 on average a year from now

an 8.2 percent in three years folks

despite this consumers somehow actually

expect consumer home prices to grow

seven percent over the next 12 months

and rents not only are they not expected

to go down rents are expected to go up

11.5 percent over the next year people

are also getting discouraged the average

renter now reports the odds of owning a

home at 43.3 percent in the next year

that's the lowest read ever in the

history of this New York a Fed report

and it's down from 51.6 percent a year

ago now in my opinion somebody's got to

be wrong here if rates go to 8.2 percent

that would be a full 5.5 higher than

where we were at the end of the December

which is a removal of 55 of buyers

purchasing power and there's no way

prices go up in that sort of environment

especially as the wedge between fair

value rents and fair value home prices

widens that is home prices have kind of

run away from fair value rents and we

actually expect rents might continue to

tick up as home values take down so we

can finally marry the two again

realistic home values with with rents

that are appropriate for those home

values now I know some people like to

say oh but rates used to be eight

percent back in the 80s it was fine then

uh yeah well home values were also

substantially less expensive the median

price for a home was about a hundred

thousand dollars today it's over four x

that and we just came off a rates

sitting around 2.8 percent at the end of

last year setting a lot of high real

estate comps higher mortgage rates

especially if we start crossing the six

percent threshold bad eight percent

devastated and I'll tell you exactly

what I'm doing with my real estate

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preparing to buy low but now for a quick

update on me out of 27 properties that I

had I have already sold 11 since January

I have four more in escrow I plan to

keep my house my dad's house my work

home and two renovation projects that's

five in total so I'm gonna keep five

that means I have seven properties left

to sell and four of them will be less

than the next two weeks with three more

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ideally about 60 to 75 days from now

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