Blog > Is the Real estate Market going to Crash?
Hello, everyone! I’m getting a lot of people asking me, and it’s on everyone’s mind one thing, one thing only. Do you know what that is? Is there going to be a real estate crash again? Like we did have one 12 years ago. So the answer to that question is, Who cares?
What I mean by who cares? If you need a home to live in, whether you’re renting, whether you own, you’re still going to need a place to live. So the market, real estate prices goes up goes down, goes back up again. That’s exactly what happened in the last 12 to 15 years, we were at a very high peak. And that was extreme crash where it dropped 30 cents on the dollar in Las Vegas, as if today were much higher than that.
So whether you own or you rent, you’re going to make a payment, you’re better off paying your own mortgage versus renting. Therefore, if you are planning to buy to live in it, it’s a good time, no matter what, especially with the rates being low. Don’t worry about the real estate, as in if it goes up and down when you’re living in the house. Now, if you’re buying an investment property, that’s a different story. Unless, you know, one of the only tangible things that’s left out we can invest in are real estate and gold where you can touch it’s a physical thing. Unlike all these crypto coins, everybody’s putting all their money in it. Who knows what’s going to happen. So if you’re in the market looking to buy, give us a call.