If you believe the people who are in the business of reporting headlines, then it’s easy to think that a Real Estate crash is on the horizon. In this episode of the SLO County Real Estate Podcast with Hal Sweasey the team gets to the bottom of the possibilities of a crash through just good old-fashioned conversation. Time to take off your tin foil hats. It’s time to settle in to the SLO County Real Estate Podcast with Hal Sweasey.
1:10 to 3:48 When houses are coming off a record sales rate even the smallest slow down in sales is going to seem like it is a crash.
3:49 to 4:59 Buyers are pulling out and Sellers are not getting the same asking price. Which leads to low inventory.
5:00 to 5:45 With the plethora of home purchases and refi’s over the last 20 months inventory will continue to be stymied.
5:40 to 7:24 Comparing the collapse of 2008 and what is going on now is like comparing apples to oranges when it comes to fundamental economics.
7:25 to 8:15 Waiting for the crash to score a good deal like people did in the early 2010’s does not seem like something that could happen based on underlying economic truths.
8:16 to 10:14 What about the rental increases? Jay has a way to do the “Hip” thing and House Hack.
10:40 to 12:00 Too much of this talk of a crash is rooted in “old thinking”.
12:00 to 13:00 Yes there are cycles in real estate, but changes should never determine what your needs are. Inventory will always dominate the market.
13:00 to 13:52 Gone are the days of the teaser interest rate and the Big Short.
13:52 to 14:55 For three months sales for Team Sweasey have increased.
14:56 to 16:00 With the United States being one of the only places on the planet where you can own true real estate, many international buyers are coming to buy land, and that is going to strain inventory even more.
16:05 to 18:07 Is there hope for people that rent? People would have thought so after a financial lockdown, but that wasn’t and remains not to be the case in SLO county.
18:08 to 22:32 James stresses the importance of choosing Hal because he will give you a honest assessment of your situation. If it’s not in your financial best interest he will let you know.
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860 Walnut Street Suite A, San Luis Obispo, CA, 93401
(805) 329-3247
If you have any questions you can connect with Hal at hal@teamsweasey.com
halsweasey.com
