Weekly guest on the show Greg Rand is back this Tuesday for another hard-hitting episode of The Power Play. Greg is the CEO of OwnAmerica and lives, eats, and breathes real estate investing.
Correct: It’s Just a Correction
In this episode, Greg and Abhi begin by discussing a clip of Greg on Fox News in which he talks about the current shift in the housing market. He reiterates that the market is experiencing a correction — not another crash as many media channels may have you believe.
House prices have gone too high, and buyers have reached the point where they won’t pay past a certain point. So of course, at some point, buyers simply have to wait until prices become affordable again. It’s helpful to look at the market as a simple negotiation at scale, as Greg puts it.
How do you deal with this? Develop a strategy, which the dynamic duo talk about in the show’s second segment.
Greg details all this in easily digestible terms for Think Realty Radio listeners. Learn more from Greg at OwnAmerica.com, or check out his book Crash Boom!: Make a Fortune in Today’s Volatile Real Estate Market.