Why You Need to Stop Trying to Predict the Next Real Estate Market Crash!
Where’s the real estate market going in 2019?
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Everybody wants to know. It’s been a little squirrelly, going up and going down—it’s kind of all over the place.
So a lot of people want to know. What’s it going to do?! I’m going to tell you.
When Is the Next Real Estate Market Crash?
Here’s the thing. My crystal ball, it’s broken. I don’t know what the market is going to do!
Your crystal ball is broken, too. In fact, nobody absolutely knows where the market is headed.
I’m sure there are plenty of people with opinions, with thoughts on what the market is going to do. But one thing I can promise you is that nobody absolutely knows.
I’ll tell you the only thing we can know: it’s going to change. That’s what markets do. They’re not stagnant.
It may go up! I know there’s a lot of people who think that it won’t. They think that it’s definitely going to go down.
But they don’t know that. Markets are dynamic. All we can know for sure about them is that they will change.
Nothing ever stays the same in markets. There’s supply and demand, and so things go up and down. That’s guaranteed to happen.
How to Prepare for Real Estate Market Swings
So here’s what you can do to prepare yourself for the upcoming year:
- Listen to trustworthy investors. Consider what people you trust think is going to happen. But be careful with anyone who tells you that they absolutely know. And don’t listen to anyone who tells you that it’s absolutely going to go down “because it’s due.” That’s not how it works.
- Hedge your bets. Prepare yourself for change, but don’t make any rash decisions based on someone else’s opinion. They don’t have factual data about the future. Don’t do sketchy deals. Bake in a “just in case” factor, so that if the market were to go drastically down, it wouldn’t devastate your investing business.
Watch my video above, where I go into further detail about why the market is, and will always be, unpredictable—no matter who tries to tell you otherwise.
How concerned are you about where the market is headed? Why? What are you doing to prepare? How is it different from the way you’d normally be investing?
Let’s talk in the comment section!