Menu
Cart 0

Street Smart Lou Brown says a real estate crash is coming. No it’s not.

Posted by John Reed on

A guy who calls himself Street Smart Lou Brown says a big real estate crash is coming.
.
There is no big real estate crash coming.
.
Why is he saying there is? I guess because many assume all booms are followed by busts. And I guess he thinks he can make a buck telling those people what they want to hear. He wouldn’t be the first.
.
I have said I expect hyperinflation. I explain why and many ways how to protect yourself here and elsewhere at my web site. I also have a book on the subject.
.
Brown explains nothing. He just makes his claim about the crash and makes another that he can tell you how to make money on the crash.
.
Money was made on the 2009 crash, by buying Credit Default Swaps on subprime mortgage bundles.
.
Will that work in a future real estate crash? No. That was a one-time bad-mortgage situation. In the current boom, there are few high loan-to-value ratio loans to deadbeats. Lots of all-cash and high-down-payment purchases. The opposite of 2008.
.
Looks to me like no crash. Mr. Brown should state his reasons for saying a crash is coming.

Share this post



← Older Post Newer Post →