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Marcus Auerbach
  • Investor and Real Estate Agent
  • Milwaukee - Mequon, WI
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Only newbies think the market will crash..

Marcus Auerbach
  • Investor and Real Estate Agent
  • Milwaukee - Mequon, WI
Posted May 30 2022, 06:51

The debate about a market crash has become almost as emotional as some other favorite American controversies. You don't see seasoned investors selling off their portfolios. Especially on social media no matter if it's the BP Facebook groups or other platforms. The debate has become quite emotional and a lot of it is fueled by influencers who make a living predicting the imminent crash. Entire YouTube channels are dedicated to the crash, and new investors just fall for these opinions! 

You see posts that foreclosures are up 25% and they don't understand that we only have 69,000 so you can see a 21% swing but that's still nothing compared to 2,900,000 at the peak. Or my new favorite a news article that shows a graphic titled "price reductions" showing a US map and most major cities show in red numbers -21% or -29% making it look like prices are dropping and "it has begun.." comments, when in reality these are the % of listings that had a price reduction before they sold.

If you are a new investor and you are in the market crash camp, why do you think none of the seasoned investors are selling?

Enough fuel for the fire - I'll just leave this here for debate!

Milwaukee, Wisconsin

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