My take after watching a few minutes is he’s a salesman. Anyone selling broad based predictions in RE is throwing lots of sh@t at the wall hoping somehting sticks. RE is about making good decisions and beating the market. Some examples.
I bought a place in North Park at 60% off peak and sold it when it got back around prior peak for a 150% gain 3 years ago. It is maybe 10% higher today. Got a few more personal stories like that also. My personal residence went down at most 20% during the bust. It was back to prior peak 3 years ago when I sold the NP place. Today the NP place is 10% higher maybe, my house is 25% higher.
There used to be a few other realtors here. One is still around though to my knowledge does not own a home. Another hooked up with a group of investors, bought foreclosures on the court house steps and sold them quickly for about 10% gains. He never had the guts to buy in here and last I heard he’s in TX.
I and my clients bought quality properties in some of the hardest hits areas. They held onto them like i did. Those are up around 100 to 150% too. They held onto some and sold others.
Another realtor guy who stopped by here occasionally bought his neighbors house as the bubble was busting, put a ton of money into it trying to fix his mistake while holding until it recovered to a reasonable price level. He got clobbered on it as far as I can tell. Its no surprise that bit of info never appeared on his prolific blog
None of them truly profited at all as an investor from the bubble bust despite having a front seat. We were all here watching the same things but dispensing different advice with very different results. This is a full contact sport. Not everyone wins together and not everyone losses together
