Why 86% of Americans Are Wrong About the Housing Market

Episode #865

Most Americans believe that buying a house is a BAD idea right now. With so much hate on the housing market from everyday people, why are expert investors buying more than ever? Do they know something that we don’t? Or is it just because they have more money and experience than the rookie real estate investor or first-time home buyer? Nope, it’s even more simple than that!

We rounded up four housing market experts who actively invest to get their takes on the 2024 housing market. David Greene, expert investor; Rob Abasolo, the king of short-term rentals; Dave Meyer, host of "On the Market," and Henry Washington, house flipper and buy and hold investor, are here to give us their takes on whether buying a home could a be good, bad, or ugly decision this year.

The experts also review top surveys that highlight consumer, home buyer, and investor sentiment, plus what they think the best move to make in 2024 is. Take it from four investors who have built considerable wealth through real estate; following the masses isn’t always your best bet.

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Is Buying a Bad Decision?
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Data from This Episode:
Fannie Mae National Housing Survey: https://www.fanniemae.com/research-and-insights/surveys-indices/national-housing-survey
University of Michigan Consumer Sentiment: http://www.sca.isr.umich.edu/
Fall 2023 RCN Investor Sentiment Survey: https://rcncapital.com/blog/rcn-capital-fall-2023-investor-sentiment-survey
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Connect with Dave:
BiggerPockets: https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @thedatadeli or https://www.instagram.com/thedatadeli/
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Connect with Henry:
BiggerPockets: https://www.biggerpockets.com/users/henryw22?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @thehenrywashington or https://www.instagram.com/thehenrywashington/
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Connect with David and Rob on BiggerPockets:
David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none
Rob: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Rob (Robuilt):
Instagram: https://www.instagram.com/robuilt/
TikTok: https://www.tiktok.com/@robuilto
X/Twitter: https://www.twitter.com/robuiltchannel
YouTube: https://www.youtube.com/c/Robuilt
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Follow David and BiggerPockets on Instagram:
@davidgreene24 or https://www.instagram.com/davidgreene24/
@biggerpockets or https://www.instagram.com/biggerpockets/

Show notes at: https://link.chtbl.com/BPRE


00:00 Intro

02:19 Consumer Sentiment is Rising

04:08 Economic Headwinds

07:00 Savings Have Been Spent

10:45 Americans DON'T Want to Buy

17:04 Investors Are Split

21:42 Is Now the Best Time to Invest?