“It’s 2006 Again!” – The Real Estate Crash NO ONE Sees Coming
We are getting close to the moment in the US real estate market that I have been waiting for. But, will it actually happen?
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The Iced Coffee Hour: Housing Expert: THE ULTIMATE GUIDE To Buying Your First Rental Property (Step by Step)
Ricky Carruth went from broke and sleeping in his car in 2007 to Alabama's #1 real estate agent with 1,000+ transactions. This Gulf Shores native built his empire during the worst real estate market in history by focusing on relationships over transactions. Now he coaches agents nationwide, proving that it's not about the deal—it's about the relationship. Four-time author, father and one of the hardest workers in the industry, Ricky inspires agents to reach for the stars and gives them the blueprint.
00:00 – Intro: Why I've Been Waiting for This Moment
00:41 – 2006 vs Today: Michael Zuber Breaks Down the Differences
01:32 – My Personal 2006 Experience: How I Lost Everything Flipping Houses
02:39 – The Multifamily Crisis: Why Commercial is the New Residential Bubble
04:09 – The Opportunity I've Been Waiting For: Commercial Real Estate Crash
05:21 – Why Commercial Properties Work Differently Than Homes
06:29 – Timeline: When the Commercial Foreclosure Wave Hits
07:45 – My Strategy: Transitioning from Residential to Commercial
08:13 – Geographic Pain Points: Where the Crash Will Hit Hardest
08:45 – Gulf Shores Update: My 46-Unit Development Project
09:41 – The 3-Step Wealth Building Formula
10:29 – Renters vs Owners: The Net Worth Gap Debate
11:14 – Homeownership as Forced Savings
12:29 – 1981 vs Today: Historical Perspective on Housing Affordability
14:09 – Current Market Reality Check
14:38 – Las Vegas Market Analysis: Why Cash Flow is Nearly Impossible
15:33 – Commercial Opportunities: 60-70 Cents on the Dollar
16:07 – The Fed Factor: Will Government Intervention Save the Market?
17:16 – Rental Market Predictions: Multifamily vs Single-Family
18:02 – The 5-Year Wage Catch-Up Timeline
19:05 – The Solution: Building Smaller Entry-Level Homes
20:35 – Shrinkflation in Housing: 600 Square Foot Homes
21:48 – Game-Changing Idea: Taking Your Interest Rate With You
23:28 – Property Tax Portability Discussion
25:02 – Viewer Comments: Housing Crash Predictions
26:11 – Why 2025 Won't Be Like 2008
27:17 – Commercial Crash Protection Strategies
28:24 – Every Year Crash Predictions
29:40 – Renters vs Owners: The Path to Building Wealth
30:52 – Gen Z Buying Trends & The American Dream
Yeah, Wachovia had pick a payment among others.
Crazy. I was probably dumb enough to have done it back then if I knew about it lol
We have builders building 1064 square foot for 189k
nice! buy up a few as rental properties.
I downsized from 2500 sq ft to 865 sq ft. I just didn’t need the space and it was more affordable (house paid in full) utilities are about 50% lower.
NICE!! I don’t blame you
I planned on 3 kids and had one, then got divorced. Went from a 4,000 square foot to 1,000. Couldn’t be happier.
Love this one Ricky! So insightful buddy! ❤
KNOLLLLLLLLLY!!!!!
Pick-a-payment and interest only loans were popular in Cali.
Not a fan for smaller homes in Philly, but maybe good for places like NY. Might make it more affordable.
Around here in Little Rock the builders are making the homes as big as they can legally fit on the lot
Suggesting that buyers that move take their rate with them is the bargaining stage of loss. Give it up. Accept the imminent housing price crash.
In 06’, I bought a house $0 down, interest only. Walking away was easy.
I now have tons of equity. Nobody is leaving.
First of all, this guy has no idea what’s going to happen over the next five years with housing… No one does.
Secondly, if you track cost of living compared to wages from the 50’s to today, including housing, college tuition, food, gas, and compare that to median wages, there’s ZERO CHANCE wages are going to catch up to housing costs and inflation.
Patrick bet David pulled stats tracking all these things and posted a video about it. The only thing we DO know about the future is wages ARE NOT going to “catch up” to cost of living based on the last 60 years… When you’re a multi millionaire, sometimes you can lose perspective as to what the average person makes on an annual basis, Which is clearly the case here. And Btw, the median income in the U.S. is only $48,000. Think about that for a minute. Imagine trying to provide housing and food for your family and pay a mortgage on 48,000 a year! Hell, everyone I know is struggling. How far removed from the average working man are you Ricky?
As stated by both Michael and myself in the video, there are three factors…wages, prices and mortgage rates.
Yes, I do believe that all three level out to a much more affordable place over the next few years. No, not wages alone. Prices and mortgage rates will also adjust.
Good to see you man. Thanks for watching.
I dom’t think you should be able to take a ow interest rate with you, what about the first time buyer, more advantages for the wealthy, AGAIN.
Thank you for sharing. Financial education is crucial today to show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. This dedication to continuous learning is inspiring…managed to grow a nest egg of around 2.1BTC to a decent 15B TC in the space of a few weeks… I’m especially grateful to Seren Wintersun, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape..
SHE IS ON TELE GRAM.
@Serenwintersun
The best time to invest in any crypto was the first time you heard of it. The second best time is now that you are realising you didn’t invest earlier before. The most important thing is that investors are making money on a daily basis…
Traders are often driven by emotion rather than logic or serious calculations. There are also special terms to describe this phenomenon This is called FOMO or the fear of missing out as a beginner, I was very scared and emotional until I came into contact with Seren Wintersun.
This is exactly what Big time investors are talking about, not just you. key thing here is to always trades with a good strategy even if the price goes up or down.
Where is the neighborhood of 600 or 900 SF homes in Baldwin County?
on 59 across from Lowes (a little south of there)
Many people see it and the ones who don’t won’t be alive a decade from now.
How many people didn’t pay their mortgages the last 5 years, using government aid. Now that aid is ending, how bad are foreclosures going to get?
I have an 1100 sqft 3/2 that has a ~1000sqft adu in back that is divided into two 500ish sqft apartments. Mom eventually retired into one and the other is an amazing tenant I expect will remain until they die or need assisted living type housing. Yes they are small, but tenants have always been really happy. That works as an adu but I’m not sure about a full home on that scale
Have it as a primary residence since roughly the 2008 crash when flipper landlord sold to me
Adu? Perfect. Home for a decent-sized family? Keep it.
Haha no one sees coming? Yet everyone’s talking about a crash? But a crash ISNT happening
WTF wants to live in a 997 sqft, three one and a half? Five hundred sqft? That’s an apartment. Great video, by the way…😊