I hear it everywhere I go, like the constant drumbeat of the real estate Chicken Littles: “The Sky is Falling! The Real Estate market is going to crash again. And it’s going to happen soon! The logic seems to be that real estate must be cyclical and we must have a major market shake up every ten years or so. That means it’s time. We are going to talk about this today and for an informed an credible opinion, I reached out to Logan Mohtashami. He is the Senior Loan Manager at AMC Lending Group, a mortgage company in the Los Angeles area. But more than a lender, Logan’s career-long passion is studying the financial and housing markets. He has been tracking these markets for two decades, has seen good times and bad times, analyzed the data, run the numbers, and he is staying up to the minute on the developments. If there is anyone out there who is completely credible and qualified to speak on this subject, it is Logan Mohtashami. And in a few minutes, he is going to lower the boom with his answer.
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News:
- From 2018. Still no bubble… https://www.aei.org/articles/the-government-creates-another-housing-bubble/?gclid=CjwKCAiAj-_xBRBjEiwAmRbqYojfY-XW5JqUnFe8cnBp5DI3CPx7HuJGKT6ByoQsa8qB5Zj8aeEODBoCPDUQAvD_BwE
- Definition of a Bubble https://en.wikipedia.org/wiki/Real_estate_bubble
- The Click Bait Headlines Write Themselves. Ten indications of a real estate crash. #9 will crack you up… https://www.thebalance.com/is-the-real-estate-market-going-to-crash-4153139
- https://sparkrental.com/real-estate-bubble/
- And now, the worst piece of FAKE news pretending to be credible we have seen while doing this show: https://www.ccn.com/us-housing-market-bubble-could-burst-in-2020/
- He said “Nope” to 2019 and he was correct. https://www.metroatlantahome.com/blog/housing-bubble-real-estate-crash-2019/
- 2024? https://www.keepingcurrentmatters.com/2018/03/08/a-new-housing-bubble-formingnot-before-2024/?gclid=CjwKCAiAj-_xBRBjEiwAmRbqYn1bgv37o6qBS29XZYlT8yygrm_jdv2fRARtoCX1qCDqtmoXCR4kNxoC4I0QAvD_BwE
- Is Bernie Sanders a moron or just a liar? https://www.wsj.com/articles/rentals-everywhere-but-no-place-to-live-11580948368?mod=MorningEditorialReport&mod=djemMER_h
Topic: The Real Estate Bubble
https://loganmohtashami.com/ Check out this site for a TON of financial data and information – brought to you with a sense of humor.
Show Number 227 “Are We In A Bubble” that aired on Feb 9, 2019.
Your Questions
- Keishann, Atlanta, GA “I’m looking at a duplex in Riverdale. Each side rents for $750/month. The seller is asking $150,000 for the property but it needs some work and the comps in the area are around $100-120,000. Do you think I should move the tenants out, fix the place up and re-rent?
Motivational Thoughts for the day
- “If you could kick in the pants the person responsible for most of your trouble, you wouldn’t sit for a month.”
- -Theodore Roosevelt
Tags: real estate, real estate investing, real estate investments, real estate education, flipping houses, Roger Blankenship, Flipping America, real estate bubble, housing crash,
Expected Air Date: Mon 2/3/2020
Guest: Logan Mohtashami