The Truth About The Similarities Between the Housing Crash In 2022 and 2008

In this video, we talk about how 2008 was not what people think it is. And how it makes it similar to 2022. People thought the 2021 housing market was very stable based on good lending. That may be true but we examine the similarities between the prior 2008 US housing market crash and the 2022 housing market crash. Referral link to my currency broker Wise 👉 https://wise.com/invite/u/lukes810 Patreon 👉 https://www.patreon.com/marketmania 🔴 FREE Spotify podcast - https://open.spotify.com/show/6J3mqWUzL2oBhqIVbb1zr7?si=ef4f43ee77a54920 Instagram 👉 https://www.instagram.com/marketmaniacanada/ Twitter 👉 https://twitter.com/MarketManiaCa TikTok 👉 https://www.tiktok.com/@marketmaniacanada?lang=en Email 👉 Sources https://www.nber.org/digest/aug15/us-foreclosure-crisis-was-not-just-subprime-event #HousingCrash #RealEstate #HousingMarket #HousingMarketCrash #DebtCrisis #Stocks #homebuyers 0:00 - Nobody knows about this 1:20 - Conditions different, outcome the same 1:50 - Airbnb prices on the way down 2:28 - 2008 wasn't just subprime 3:30 - Rosy before the stock market crash 4:20 - Interest rates were falling 5:45 - This time is different 6:50 - Normalcy bias 8:10 - Began in subprime 9:50 - Huge study 10:30 - Was NOT a subprime event 11:30 - Weakest hands fold first 12:20 - Bubble and mania 12:45 - How Canada avoided 2008 13:30 - No more free money 15:00 - It wasn't just the US 16:00 - Number of prime borrowers vs subprime borrowers 17:10 - Negative equity (e.g. Calgary, Edmonton) 18:20 - Probability of you losing the home 18:45 - Figure out your own probability easily 19:40 - Foreclosure management jobs recruiting 20:30 - Highest LTVs most at risk 21:10 - People manipulate credit to get as much as possible 22:05 - Tighter lending conditions are here 22:30 - Banks control liquidity 22:50 - How long? 23:30 - Real estate for retirement 25:20 - Not much equity and overextended 25:45 - Denial phase 26:30 - Interesting times right now 27:28 - Check it out Disclaimer: Some of the links in this description are affiliate links, which means if you make a purchase through them, I may earn a small commission at no extra cost to you. This helps support the channel and allows me to continue creating content. Thank you for your support!