407: Housing Crash Predictions with Eric Bassmijian Part 2
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Description
Housing volume cycle vs. price cycle. For a housing downturn to occur, you have to have low inventory and stressed sellers. But with inventory and mortgage rates so low, Jason asks "Where is the distressed homeowner?" "Where is this so called 'crash?'" Join Jason and Eric Basmajian of EPBMacroResearch.com for the second part of their conversation as they look at the nuances of the "housing market," discussing why he believes a housing crash is not on the horizon-yet, the market cycles happening in the cyclical markets like San Francisco, Los Angeles, New York, Chicago etc. its challenges and where it might be headed. Key Takeaway: 0:47 Who’s driving the NAHB/Wells Fargo US Market Housing Index? 1:37 Residential Building Employees 2:31 Housing construction woes 4:37 Supply of US single-family homes 7:07 The Fed’s poison pill 8:53 Protecting the asset 9:32 Housing is the business cycle by Edward E. Leamer: Volume vs Price Cycle 11:02 Financial debt + household debt to GDP 12:07 The current volume cycle: less inventory 13:35 Price cycle is more vulnerable in the new construction market 14:55 Volume cycle in the large institutional home buyers 16:49 The monetary and fiscal policy response 18:15 Sell to get the rate of inflation down 18:51 Exploiting the last cheap labor market: Africa   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com
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