The Tactical Lender

🚨🚨Waiting for a Housing "correction" before buying? 🚨🚨

Thinking that 2008 will happen again?

🌟🌟🌟Some interesting facts for you to consider. 🌟🌟🌟

👉In 2008 huge demand for more mortgages was created due to the packaging of mortgage bonds mixed with horrible rating practices. (packaging B and BB bonds with AAA and then rating the bond AAA, then add in the synthetic bonds)
👉This Demand fueled for more "creative" sub prime crap.
👉Sub-prime mortgage market share in 2008 was more than 20%, today it's less than 2%.
👉Delinquency Rate on Single-Family Residential Mortgages hit 11.48% - remember it's mayhem if it goes above 8%.
👉Today delinquencies are at 1.73%, Lowest since early 2000s.
👉People don't walk away from money, average "skin in the game" (down payment) in 2008 was below 2% - Today it's near 10%
👉When the subprime crap adjusted, people just walked away from the home setting off a record number of foreclosures.
👉Foreclosure starts at it's peak during this crisis were near 580,000 Q2 2009
👉Today foreclosure starts for Q1 2024 was 67,000 to put that into perspective it was over 100k in Q4 2016. (pre-covid and still some supply of homes anomaly numbers)
👉The only time in recorded history foreclosures were this low was when there was a moratorium to prevent foreclosures.
👉New construction was at record highs in 2006, lots of supply.
👉Today they are building at less than 10% of the demand, yes it's that low.
👉The housing market, with exception of 2008, has pulled the US out of every downturn and recession since the Great Depression.
👉After the financial meltdown that nearly crippled and took out the world economy home values as a whole, national average fell 19.6%, that's it! Some places of course worse than others, but the national average was less than 20% decrease in value.

So if you're waiting for a correction, you will either be waiting indefinitely or your reward would be a reduction that of less than a years worth of value gain, so you waited for nothing all while spending money on something you'll never see a return on (rent).

It's time in the market... NOT timing the market.

Best time to buy was yesterday, so since you can't do that the next best time is now.