The “Great Stall” Has Begun

In this episode of the BiggerPockets Podcast, Dave Meyer discusses potential future scenarios for the housing market, including a crash, a melt-up, and a "Great Stall," along with the possibility of a black swan event. He emphasizes that housing affordability and the labor market are key variables to watch. While he doesn't know exactly what will happen, he believes the "Great Stall," where affordability improves gradually, is the most likely scenario. Dave provides advice for investors to navigate this uncertainty, including taking what the market offers, having appropriate expectations, adopting a risk-off approach, and considering potential upsides in deals. He recommends focusing on fundamentals, protecting against downside risk, and positioning for long-term benefits.