229: When Will Home Prices Fall? + The Affordable Housing Solution We All Want
Description
When will housing prices drop? Will real estate prices go down, or are we stuck with ever-worsening affordability as home prices continue to rise? What’s the solution to affordable housing, and why can’t investors just build smaller, more affordable homes? Our panel of expert investors gets asked these questions all day, so in this episode, we’re taking the above questions and some others from the BiggerPockets Forums and throwing them at our seasoned investors to get their takes.
First, we ask, “What would have to happen for home prices to drop?” Investor or first-time homebuyer, you’ve probably asked yourself this question. We’ll give an in-depth scenario of the exact supply and demand factors that could cause prices to finally fall. Next, how to create affordable housing and why investors might be the answer. With high home prices, is it better to buy and hold or flip houses in today’s market? Plus, the experts share exactly WHICH markets they see the most potential in today. Finally, you’ll get the pro flipper’s tips for comping properties in a market with barely any home sales.
Do you have a question to ask the experts? Post it in the BiggerPockets Forums, and we may answer it on a future show!
In This Episode We Cover
What would cause home prices to fall and affordability to improve (and if it’s likely)
The investor-friendly solution for affordable housing that could help you build wealth while providing much-needed housing
Flipping vs. renting and what will make you the most money in today’s market
The rarely talked about real estate markets with immense potential that we’d invest in today
How to comp (compare) properties when the market is changing and there are limited home sales
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
See Henry, James, and Kathy at BPCON2024 in Cancun!
Ask Your Question on the BiggerPockets Forums
Jump to topic:
(00:00 ) Intro
(01:43 ) Could Home Prices Fall?
(07:43 ) How to Create Affordable Housing
(16:50 ) Best Time to Flip Houses?
(22:24 ) Where We’d Invest Today
(31:51 ) James’ Rules for Comping
(34:02 ) Ask Your Question Here!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-229
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