Mortgages & Creative Financing

Housing Doom has Arrived! Prepare to Protect Yourself instead of being a Victim of the Financial Crisis.

Expertise: Real Estate Marketing, Personal Development, Real Estate News & Commentary, Mortgages & Creative Financing, Real Estate Investing Basics, Landlording & Rental Properties, Flipping Houses, Personal Finance, Business Management
301 Articles Written
According to the Star-Telegram, lenders in Southern California are scooping up foreclosed properties at a rate much faster then they can get rid of these homes. “At some point — maybe this fall, maybe in 2008 — the lenders’ inventories will grow so large that they will have no choice but to cut prices aggressively, [...] View the full article: Housing Doom has Arrived! Prepare to Protect Yourself instead of being a Victim of the Financial Crisis. on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

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Joshua Dorkin is a serial entrepreneur, investor, podcaster, publisher, educator, and co-author of
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    Hawaii real estate
    Replied over 12 years ago
    I’m staying tuned. I’m ready to hear what you have to say about the market and where it’s going.
    Hawaii real estate
    Replied over 12 years ago
    I’m staying tuned. I’m ready to hear what you have to say about the market and where it’s going.
    Ken
    Replied over 12 years ago
    Looking forward to hear you want to say about this market.
    Jason Fox
    Replied over 12 years ago
    Not good at all. Bring on the facts please.
    Tom Paine
    Replied over 12 years ago
    Hi, This is a good post. It gives me the information I was in search of. I have a small query – I don’t have any spam pages or websites. Still I am encountered with messages like “possible spam”, “Spam”, and so. Do you have any idea why it’s such? Thanks.
    Hard money
    Replied over 12 years ago
    Here in Las Vegas the court house step investors are getting stuff for 50 – 70 cents on the dollar. My insiders in Chicago tell me their foreclosure market is down to 40-60 cents on the dollar! Those are serious discounts. In three years we’ll all be looking back talking about the great buying opportunities we may have missed… 😉
    Soho Property
    Replied over 12 years ago
    Yes, the housing doom has arrived and everybody will have to deal with the consequences. For some it is really going to be the time to buy and grab bargains that otherwise would not be there. Unfortunately for others the loss of money will be inevitable and will bring many people one step beyond the border, into insolvency and bankruptcy. The sub prime market is the symptom of an unhealthy state and only a stricter regulation will bring some improvement and pave the way back to stability.
    NYC Suburbia
    Replied over 12 years ago
    Things are looking up around here. With strong stable appreciation rates of 5-10% over the last few years the markets still pretty healthy. Only the idiots who can’t do a simple projection of payments/budgeting are stuck. Unfortunately no one can get their hands on money to buy anything because of the runup on prices out on the west coast where all of the capital has been sucked up into illiquid houses. Note just because something’s selling for 60 cents on the dollar doesn’t necessarily make it a good deal, because the in past someone probably paid a buck thirty five for something that should have cost a dollar based on rents.
    NYC Suburbia
    Replied over 12 years ago
    Things are looking up around here. With strong stable appreciation rates of 5-10% over the last few years the markets still pretty healthy. Only the idiots who can’t do a simple projection of payments/budgeting are stuck. Unfortunately no one can get their hands on money to buy anything because of the runup on prices out on the west coast where all of the capital has been sucked up into illiquid houses. Note just because something’s selling for 60 cents on the dollar doesn’t necessarily make it a good deal, because the in past someone probably paid a buck thirty five for something that should have cost a dollar based on rents. Reply Report comment
    NYC Suburbia
    Replied over 12 years ago
    Things are looking up around here. With strong stable appreciation rates of 5-10% over the last few years the markets still pretty healthy. Only the idiots who can’t do a simple projection of payments/budgeting are stuck. Unfortunately no one can get their hands on money to buy anything because of the runup on prices out on the west coast where all of the capital has been sucked up into illiquid houses. Note just because something’s selling for 60 cents on the dollar doesn’t necessarily make it a good deal, because the in past someone probably paid a buck thirty five for something that should have cost a dollar based on rents.
    Colorado Home Guy
    Replied over 12 years ago
    Joshua- Being that i am responding to this post several months late. What are your thoughts on the government stepping? Do you think is the start of the market turing around or do you think that there is still more to come
    Kimi Correa
    Replied about 3 years ago
    Whew… I’m glad that is over and Josh you’re right about a lot of the predictions and information you wrote in this article. I know it’s an older article but I stumbled across it because I’m a Real Estate Agent in Hawaii and I keep track of the market constantly. The market tends to go up and down when it comes to most things but especially in housing. Being that we’ve been riding this wave of high home sales for a long time, it’s almost inevitable that something like what we experienced in 2008 can certainly happen again. Rising interest rates, bad borrowing and weak economy all contribute to it. I’m being optimistic and hoping if/when we do have another housing crash, it won’t be as bad as it was in 2008. Thank you for the article, I hope you will write more about this soon.
    Kimi Correa
    Replied about 3 years ago
    Whew… I’m glad that is over and Josh you’re right about a lot of the predictions and information you wrote in this article. I know it’s an older article but I stumbled across it because I’m a Real Estate Agent in Hawaii and I keep track of the market constantly. The market tends to go up and down when it comes to most things but especially in housing. Being that we’ve been riding this wave of high home sales for a long time, it’s almost inevitable that something like what we experienced in 2008 can certainly happen again. Rising interest rates, bad borrowing and weak economy all contribute to it. I’m being optimistic and hoping if/when we do have another housing crash, it won’t be as bad as it was in 2008. Thank you for the article, I hope you will write more about this soon. Reply Report comment