ilmscore | Recessions Create Millionaires — But Only If You Do THIS First

Recessions Create Millionaires — But Only If You Do THIS First

Published: 2025-10-25
Status: Available | Analyzed

Predictions from this Video

Total: 6
Correct: 3
Incorrect: 3
Pending: 0
Unrated: 0
Prediction
Topic
Status
In Michigan, real estate prices experienced a 90-92% decline following the bankruptcies of GM and Chrysler.
"The Michigan real estate market was hit exceptionally hard and real estate prices had fallen by 90 to 92% in some instances."
Real Estate Market
Incorrect
The speaker purchased a condo for $8,000 that had previously sold for $150,000, indicating a significant market downturn.
"My first real estate property was a $8,000 condo. I bought it out of foreclosure from the bank. And uh it previous to me buying it, it had sold for $150,000 just a few years prior."
Real Estate Investment
Incorrect
Mortgage rates reached historically low levels, never before seen in modern American history.
"Mortgage rates were the lowest that we have ever seen ever in the history of American modern history. We've never seen mortgage rates this low."
Mortgage Rates
Correct
There was a significant surge in demand for home purchases over the preceding two years.
"This has been the real estate market for the last 2 years and so. We have had this massive demand of people wanting to buy homes."
Real Estate Demand
Incorrect
Home inventory levels were artificially suppressed due to an inability to construct new homes.
"The inventory of homes was artificially low. You could not build more homes."
Real Estate Supply
Correct
The stock market experienced its fastest crash in history in March 2020, coinciding with the economic shutdown.
"the stock market when the economy shut down in March of 2020, we saw the fastest stock market crash in the history of time."
Stock Market Crash
Pending
Adjustable rate mortgages are becoming common again, which is considered a negative indicator.
"It is getting very common again, which is very bad news"
Adjustable Rate Mortgages
Correct