Economist: This Will Be The Crash Of Our Lifetime 

Have to agree. Been in real estate and new home building for 45 years and this situation beats every crisis i have seen. I am getting prepped for the roller coaster ride y'all.

I predict the collapse of your audio equipment by 2025.

And stock markets have been propped up for about a year and a half minimum and when I say propped up, I mean, artificially changed the number.

Harry Dent called the 2008 crash ten years before, and I made a fortune off of it. But he's also predicted 100 other crashes that haven't happened.

Still waiting for this so called market crash. Same as I was yesterday, and the day before for the last 2-3-4-5 years.

The American dream is Foreclosure

I had to turn this one off at the 7:00 minute mark. Travis, you should know that Harry Dent has been a doomer for 20-years. Eventually, he may be right but he is all about the fear factor, which shouldn't be part of your schtick.

What's up with the choppy audio?

*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*

Harry Dent has been wrong countless times.

I agree that we have been in an asset bubble for quite some time. I remember it being coined the everything bubble as far back as 2016.. I don’t know if we will see 2012 pricing though.. If things get that bad we will see helicopter money from the treasury and 0% interest rates again from the FED along with massive QE again

We were saying the exact same thing in 08. then they kicked the can again.

Travis, you put out so many videos my RU-vid algorithm only suggests more of your videos! LOL I scroll only a minute and 2 of your videos always show up every day!! I’m like an addict, I watch all of them 😂 Keep putting them out!

Not a fan of this video quality. Audio is not great. Hopefully everything is back to your normal high quality at the new house.

Thanks Travis! Great video,!

I walked away from real estate 🏡 during Covid

I say, "The Good Times prepare for the Bad Times and the Bad Times prepare for the Good Times." The economy is always cyclical; up and down. Nothing goes up forever, and nothing goes down forever. Speaking of broad economies here. Speaking of investing, I love "Dollar Cost Averaging." If you invest, you must learn about this. Thanks for your videos. Very informative and educational.

Plus, the FCL moratorium …. Once the GSEs give the green light to move forward, there will be a storm of FCL across the US

I didn't think we would have a crash like '08 but it's possible, especially when you showed the MBS and the trajectory of the Fed rate. MBS especially has made the real estate market unstable IMO

Bought our first home in 2018. . Mortgage from 2200 - 3500 per month. We took our sold our house and took the money for a new home to cash pay. Praise God for His grace. Didn’t have to hang on to dream home. Freedom feels great. Hallelujah, I have followed your Chanel since beginning of the year. I learnt so much and applied it to our current situation.

Harry promised to move to a deserted island and give up forecasting if his predictions didn't pan out. That was 3 years ago, lol. Had one good book in 1992. He's been surfing on it for 30 years!

There will be a deflation of the bubble in prices if the money supply contracts faster than the wealth for sale. The FRS can contract the money supply by selling bonds and other debt backed assets which cuts the money supply. In order to put the breaks on new credit which is new money, it raises interest rates. The stock market will crash if everyone sells in order to get cash, but people generally don't hold cash unless they expect prices to drop. So where is all of that cash going to go? Berkshire-Hathaway is holding a lot of cash right now. They expect prices to drop. But the cash is also debt. When people have no money, they can't invest or pay their bills. They go bankrupt. That destroys money. In the 20th century Great Depression, the money supply was backed by the gold standard. It isn't any more, so the FRS and the government are not bound by that in the current fiat system. Is there going to be a huge crash? Where is all of that cash from stock sales going to go? I can see, when prices drop, there is a lot of cash on the sidelines waiting to be dumped right back into stock market to take advantage of the crash and drive prices back up.

I expect houses to go down to 2019 value at least, 2012 would be a dream come true!

The reaction to fear is twofold, fight or flight. When we engage in this stressful situation our thinking is either heightened or diminished, I would rather fight. The stressed brain gets opened to creating new ways to get out of fatal or unfortunate circumstances. I call that having Plan B Plan C Plan D waiting on the sidelines, it's that or falling over a cliff.

I'm an engineering student who picked this field I'm because I thought it would make me enough money to live comfortably. Now I'm getting ready to move and I'm baffled. Hundreds and hundreds of houses in middle class areas for sale priced impossibly high. I hear there's apparently a housing shortage but I seriously doubt the number of millionaire CEOs that are moving to Northern Idaho. Right now the house my my dad was able to afford at the beginning of his career which required no more than a GED, I'll be extremely fortunate to afford near the end of my career as a skilled engineer with a college degree. It's just not worth it anymore.

Reports today stated sales are dead and inventory is way up

When he said "home buying remorse" I felt that!!!, I even said it to my mom after our 2nd year when our property taxes skyrocketed along with our homeowners insurance...and she herself was shocked to know how much we're paying now that she decided to stay in her debt free house since she was considering moving into a newer/renovated one but as how inflation is headed to, ahe doesn't wants to deal with mortgage payments anymore.

I love it! Get him on your channel.

Maybenot 12 lows but I think home values will atleast dip down a little below 08 highs for sure. But i agree with Dent, we will see the fastest and nastiest crash in history followed by the hangover shots and see massive inflation like never before seen before the new system comes in 2026. Its going to be crazy!

The first crash 50 % drop. Over next decade could be 65% to 85% off current prices.

I think there is a big possibility of 2012 prices. It always reverts back to the mean. Houses here in the OC California went up easily 50% since covid. Unsustainable.

I agree with his analysis 😮😮

Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.

Harry’s timing isn’t always the best, but his conclusion is correct. Yes, we are 15 years into this experiment. They would like to keep printing, but the oil and manufacturing trading partners are getting Leary of accepting dollar fiat currency or storing their profits in USA securities. When BRICS announce their new system of commodity based trade, the jig may be up. Many will be hurt and many will make fortunes. Very unfortunate for those that bought into this bubble or held onto homes just so they can keep a 3% mortgage on a depreciating asset. Those of us sitting on the sidelines listenings to Travis, Scott Walters, and others; the deals at 2012 prices are coming.

So bonkers your mic can't keep up! 😅

Just watched your friend Orlando Miner’s video titled ‘Homeowners BEGGING You To BUY (Pennies On Dollar Coming)’, about SPECIAL ASSESSMENTS in FL. What a joke how some states W/O state taxes promote themselves as being so great for the little guy! We lived in South FL till recently & moved out! DISANTINOMICS another disaster!

Wish they would print money to pay off the 34 Trillion debt this country is in

This is absolutely Bonkers!!! 🤣😂🤣

Eventually the harbinger will be coming to collect.

Housing market has to crash as there are very few left to buy. Stocks not the same. it would be pretty improbable event to see a 92% bust in stocks. Outside of tech, fundamentals are a much higher % of stock price. Like low multiple from what they earn / stuff they own. If it were to drop that much it would mean the land, equipment, ip, cash, etc those businesses own would be nearly worthless. Demand would jump to stabilize way before then.

People's philosophy of positive thinking is to look at the corn and ignore the turd around it, and God forbid that you call it a turd.

Ive been checking out pending foreclosures and foreclosures. Houses bought on variable interest loans in 2018-2020 are starting to default. They come baked in with 40-50% equity. REO is looking mighty sexy ATM.

😬😖 The audio is really glitchy throughout the video. Just me?

Harry Dent must have a book coming out. The weatherman is more accurate

Harry Dent! I’m out and you get a dislike. “If I’m wrong, I will disappear and you will never hear from me again” - Harry Dent Next week - Harry Dent has shocking revelation about the US _____ market! 😒

Good!

Excellent show. Retired realtor here. I totally agree with you. Facts don’t lie.

Bonkers. Man the audio was killing me but the information can’t miss it. Appreciate you man. Been listening for the past year just learning and growing. Thank you

I agree with you that prices are much more likely to go back to 2019 than to 2012 when I bought a couple of very nice properties that I still own. I will hold them through the coming recession even as their market value declines. I am also cash-heavy waiting for the next buying opportunities. People should understand that the bottom will take a year or more from where the decline really starts accelerating. Be patient and keep your powder dry. I would not be surprised if prices go lower than in 2019. The economy was running well in 2019. When the recession starts there will be increasing unemployment levels. Personal debt, including credit card debt, is now very high. It won't be pretty and cash will be king.

Harry Dent is an actual doomer…

Definitely not a 14-year bubble, homes in most areas were super affordable in 2009-2013 but 2018 is when it started getting frothy again, so by early 2020, valuations were about 15-20% too high. Now though, they're 60-80% too high, particularly in FL, TX, AZ, and TN. There are small, old fixer uppers by me that were $140,000 in 2019 that comp for $300,000 today. The housing market in the US realistically would match a median individual income of roughly $80,000. But it's closer to $50,000.

Audio is breaking up. Appreciate the video though man! Let’s hope that Harry Dent doesn’t end up like his brother Harvey from Batman. When the housing bubble bursts and his face melts

Its bad. I have clients who are fresh out of bankruptcy where they wiped out tons of credit card debt and they still cant pay their mortgages on time. Paying 2, 4, 6 weeks late. Some of them are over drafting their accounts to pay their puny little $1,500 a month mortgage, some of them are having to pay 1/2 and 1/2 every 2 weeks and on top of that they are already finding credit cards to run up again.

Normally there's a 7-8 year cycle. If you know that, you know when to buy and sell as an investor. The problem is that they have artificially dodged the downside of the cycle. The downside will be larger and quicker than normal.

I’m with Dent

Hey. Great video. I know that a home is an investment, we bought home in 2018 and sold it in 2023. we have not bought yet. we were advised once we sold our home at highest price to invest that and try to live with a friend. That is what we are doing, but we are getting pretty desperate about buying a home now. I definitely do not want to buy less house for more money and have homebuyers remorse. So, I’m hoping that that bubble hits very soon. however, I think they will continue to permanently inflated until November. The reason it’s an election year and the incumbent president would have a better chance of winning reelection if things stayed the same as they have been. The question I have is about our Fiat currency. With the Brics fuel dollar now being the currency to purchase Russian oil, does that throw the feds plans into disarray? I am hoping that they don’t see warmongering as the future pathway forward to getting out of this next recession, because trading young lives for capitalism It’s not only not moral, but it should be a capital offense. i’m 35 years old, so the new draft laws won’t necessarily affect me but they could affect my children. trying to gauge and balance a lot of moving things all at once to try to get some form of a forecast of the future. I only became politically aware a couple of months before Covid hit. Taking a lot of time and researching and studying now the Cabal that runs America and how it’s moving towards globalist agenda. If we do move into a global government, then there is no historical documentation that could help us forecast what life will be like.

What makes this depression so bad it's not just the US it's world wide. Bit Coin? What exactly is behind it?

Lenders like Freddie Mac will start pushing second mortgages instead of a person going bankrupt and losing your house. Big Trouble, Your just getting in deeper.

The economic crash that is coming will be chaotic, will lead to a total revaluation of our currency, and home prices will go down exponentially. Maybe home prices like the 1970's, and wages will fall, too. After the reset, one income will support a family again, if people are modest and frugal in lifestyle expectations. It won't be all bad.

2012 or worse for shur! As you,and Harry Dent said at beginning of post ,Worse than 2008,and l agree.

They say he’s outspoken because he’s been saying there would be a crash for 3 decades.😂

Wow, some dire predictions --- Dent seems to be something of a broken record predictor of downturns, but there are some indicators that we may, indeed, have a substantial correction. And, anyway, it's important not to overpay for real estate, especially when renting is cheaper than buying in most markets.

The same video for the last four years, predicting doom and gloom but it never arrives.

This channel been predicting a housing market crash for years. You'll be right eventually....

Q4 2019 Repo crisis. Same year BIS reclassified gold

I would be fine if they went back to 2019 as well! I would be ecstatic.

Hi Travis, you are taking a lot of heat for this video, but Harry Dent speaks truth, which many people don't like to hear. Thanks Travis!

When? Everyone has been calling it for 4 years. One day you’ll be right. Might be 5 years or 10 years but you’ll be right sometime just as a broken clock is correct at least once a day.

Depends on what consolations financing can come up with. Our finance is fraud, so he is completely correct. If they let finance fall, it will need to be instant war and authoritarian government. There will be no jobs (already in process) and people will default not long after the businesses that have already started going under. Homes will go down 50% minimum, from right now, mid 2024.

Better start preparing by buying gold and silver!

This is no surprise .and it's always bigger and badder then the last one

Harry Dent has a long history of making bad calls.

Why is the US govt now funding second mortages on homes? Its more QE to shore up the property speculation bubble.

We need a Harry Dent in the budget deficit!

Thx

Dent has been very wrong on the timing of a crash. His demographic analysis makes sense. Cannot time the markets.

I'm a stock guy. HUGE bubble in spy qqq and nvd. One domino and it'll be a blood bath ... Which I'm waiting for with glee.

I’m beginning to think it’ll be more of a correction but not a crash. Why? It’s because people are holding onto their homes with tiger claws. It’ll be heavily region dependent.

If the housing market actually crashes, we will pick up some rental income for cash. Should we buy properties and move our money? 💰 if so where to?

Fox propaganda network guy says the economy is gonna crash... what a shocker. Real hard hitting news. thanks.

That choppy audio is absolutely bonkers Travis

Government backed second mortgages, how will these impact house prices?

This is crazy. I’m done being a doomer

Harry Dent? Hahahaha he promissed to become a Limo driver if there wasn't a depression in 2022. He's a total clown.

Remember when Janet Yellen left the Fed Chairman position and in an interview she said we wouldn’t see another recession in her life time. I laughed.

Price is still high every where

Dent has been saying this stuff for years.

Very True. I was convinced at the end of 2018, that we would go into recession in 2019. When covid hit, I just knew the crash would happen by April 2020. My cousin was under contract for a house in March 2020. I asked her if she wanted to back out. Now, houses in her community are about 100-150k more than when she bought! Boy, was I wrong.

The title says it ALL

Harry Dent has been predicting doom since 1999.... lmfao he's never been bullish at any point, serious history of bad calls. He is literally Chicken Little of the stock market.

Ok how much money will it cost to be part of his club or for the monthly letter

Always good to

Bonkers!!!

I can't wait to pick up some bargain acreage 🎉

Travis is like the Scooby Doo of real estate, Bonkers, zoinks,

Your last two videos have had audio glitches. Most of them seem like edit points in both audio and video. @0:30 begins A LOT of glitches.

The "fearmonger" narrative is a desperate plea from stakeholders who gain from max prices.

What the heck was the so-called market expert talking about the 1920s Great Depression was a natural bubble. It was not natural , there were government tariffs , bank failures. the stock market crashed, President Hoover’s, inaction, thinking that the market will take care of itself. There was a multitude of things that came together to cause a great depression, so it was not natural.

Been hearing and waiting for this crash for 3 years now.

Soon they will not be able to stop the Huge Bubble