Andrew Ross Sorkin "there will be a crash..."

[Adam Macias]

I just watched Larry Fink and Andrew Ross Sorkin speak on 60 Minutes and they both gave warnings that yes a market crash in the economy is on the horizon. Larry Fink of all people from BlackRock. This is scary.

I'm not trying to fear monger but I think it's scary for a lot of agents or investors stuck in 2020, thinking that "oh if only the rates go down."

This is a much bigger issue than just rates. It comes down to affordability of life altogether.

What does it matter if the rates go down to even 3% again, if people still can't afford the down payment?

This year investors bought 1/3 of all single family homes.

So the great news is if you position yourself as an investor friendly agent, you shouldn't have to worry about staying active.

Do you remember how 2012 went down? The most active buyers were investors. Investors thrive in down markets.

And they'll continue to thrive in the next crash and aren't afraid emotionally. They just take action.

Even though Andrew Ross Sorkin was mainly speaking about the stock market, still.

This is where most are depending on retirement with. It does matter in terms of real estate.

It's unfortunately because those struggling financially will only struggle harder if they do nothing to change their situation.

But those of us who adapt the quickest and prepare NOW and do not slow down will be just fine.

[V.G Jason]

Quote from @Jules Aton:

I'm not really sure what your point is because it is a given that with both RE and stock market there will be run ups and crashes. Historically I think a stock market bear lasts around a year on average? Varies greatly of course and I'm sure there are similar stats on RE as well. Unfortunately people who aren't financially stable or make poor choices will struggle more than those who are stable and make good choices regardless of market happenings. I've been around long enough to know that things have a way of working out. Humans are resilient, sort of like cockroaches actually. In life I hope for the best but prepare for the worst and avoid biting off more than I can chew. My asset allocation continues to be adjusted to reflect my stage in life and while I would love if things continue on the upswing I am prepared and actually expect they won't. 

Put things in context. Sorkin said there'll be a crash, doesn't know when or how deep.

I will take the same stance. At some point in time, there will be a crash. Not sure how deep or when.

Adapting now is what people are already doing. The ABC trade has been on all year.

There are a lot of similarities to the GD-- tariffs causing lack of trust, gold rush, etc. Dot-com with tech spec. GFC with a frozen housing market, etc. The fact is none of this is the same, the reality is the digital age has made things more transparent, quicker, regulations have changed how quick things move. We're seeing the ABC trade being put on. If you're not on it, you'll be left behind.

It's happening in plain sight. Look up Gold has taken the lead, Bitcoin has 8-9x the SP since Covid. It's already happening, it's not a "crash" directionally it's a dollar devaluation.