@Dan H.: >>That does not define a shortage. That defines a supply/demand constraint. The shortage is because the country is short a significant number of housing units where people want to live. <<< LOL. Are you saying that shortage does not define shortage?))) Ok, you want to lighten up and try to crack a joke. I get it. But that set aside, my point is not to define shortage (it is what it is, lack of supply), rather to explain WHY it exists. One of the main REASONS is that homeowners don't want to sell homes. Why? Because they are locked into low APR. If you think about the main reason WHY there is a shortage it's obvious that it is circumstantial and that reason will evaporate with changed circumstances. >>a buyer does not need $400k to $800k. using owner occupied loans can get 96.5% LTV. At that LTV, $35k can purchase a RE worth $1m. 7% apr is historically moderate and why home were statistically less affordable in the 1980s. << Wrong. Even if you get 100% LTV , with $35K you can't purchase a 1m home at 7% APR, unless the banks will write you a 1000 year loan. $35K can afford to pay around $1000 on housing. How long will it take you pay off 1 mil loan with 7% APR with $1000/mo installment. I mentioned earlier that I still remember 8% APR on mortgages back in 1990's. But I also noted that the exact same homes that fetch $600K today were priced at $140K back then, and they were in much better shape being 30 years younger. Current prices and APR are not sustainable, it will inevitably crack and crash. >>In addition to the affordability not being at a worse case, the information to educate on home buying options has never been greater. There are programs like NACA, FHA, VA, etc. There are finance options like owner financed, assumable, sub-to, DSCR, lease to own. there are alternate rent options such as STR, MTR, rent by room. There are numerous property types such as self storage, Mobil home parks, office, industrial, commercial residential, non commercial residential, etc. There are numerous value adds such as traditional rehab, development, change of zoning, TIC, etc. then there is taking a role in the financing such as hard money lender or notes. There is flipping, BRRRR, and rent ready units and turn key. <<< You do you. If you don't like what you hear plug your ears and do as you wish. Your decisions and glasses you wear are none of my business. But none of what you say will avert impeding crash. >>>my point is there are so many paths in RE. To believe that at anytime there is not a viable path mostly points to needing more education. <<< One of us certainly needs some education and I don't think it's me. You can talk about STR, MTR, BRRR, NACA, FHA, VA and etc. all day long, none of it will avert the market crash and correction. Of course there is always a path to make money. Even and especially crashing market presents the best opportunity in decades to make most of one's investment. Study history, learn a bit about it, you may need it.

Is a huge real estate crash coming soon?

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