COMING MARKET CRASH!

[Rebecca E.]

LOL. not really.

A YouTube guru I had followed, MeetKevin, recently announced he is stopping his channel. He's sold almost all his stocks and is starting to sell real estate. He thinks there will be a major crash in the next 6-12 months.

I've been wondering if we were going to correct go up go down, what? I looked at a bunch of old posts here with all the people prophesying doom and gloom in 2020 and felt better.

I'm hanging in here looking for deals and waiting. Don't want to predict market crash, don't want others to predict crash.

I am curious what the more experienced people in real estate are doing now. If you were in real estate prior to 2008, would you be willing to share what you're doing today and is it different than what you were doing last year?

[Taylor Dasch]

I am a beginner also but to me the beauty of real estate is that if you buy a property that has plenty of space to go down, if you cash flow well, then just hold out until the market appreciates again. Personally I think MeetKevin got burned out, he was putting out probably double the content of his biggest competitors.  I see it like this, If I have plenty of money and reserves, I will buy a property that I believe is a good deal, then next time I have the money to buy another one, I will buy another one. Regardless of the market, it is called dollar cost averaging, you will buy high and buy low.  The point is that you are doing something to meet your goals - If I would have listened to everyone and waited for the market to crash I would still be sitting with a bunch of money in my account slowly becoming worth less and less due to inflation.  Now that doesnt mean just go out and buy anything when you can. The hard part is to find the right deal that makes sense for your end game.  As for your post, from a beginner, I think that the market will slow down with interest rates rising, however I have no idea and my market personally has not slowed down at all.