The Housing Market Is About to “Stall” for Years

"To me, a crash maybe we got like a 15% chance of that right now."

"A meltup, I think, is a little bit more likely... I give this one a 25% chance."

"To me, the great stall, that's the most likely scenario. I assign a probability of this of about 50% chance."

"And then a black swan, I, you know, usually I think it's 2 or 3% chance. I'm putting at a 10% chance right now because we just don't know what's going to happen on a geopolitical international scale right now and we got to factor those in"

"I don't think any of them right now are a situation where we actually see prices just go up in a healthy way, 3 to 4% per year. That is not a scenario I actually see happening in the next year or two."

"in May of 2026, President Trump gets to pick a new Federal Reserve chair, which he's almost certainly going to do"

"Most people believe that home prices are going to flatten and stall out for at least the next couple of years."

"If you are getting into the housing market right now thinking that you're going to buy something, do relatively little work and you're going to have big increases in your net worth in 2 to 3 years. I wouldn't count on it. It might happen, but I would not count on it."

"we are likely to have much more options on the market, meaning there's going to be better deals. There are going to be more properties for you to buy. You're going to have better opportunities to negotiate with sellers."

"The potential to generate cash flow is very likely to go up in my opinion because if prices stagnate or fall a little bit, rents tend to be stickier and probably will grow a little bit. And so you'll see better margins, better opportunity for cash flow."