Episode 002: It's Not What You See, It's What You Don't See

<p><span style="font-weight: 400;">“It’s not what you see, it’s what you don’t see.” These are the words that inspired today’s podcast, taken from the book The Road Less Stupid by James Cunningham.</span></p> <p><span style="font-weight: 400;"> </span></p> <p><a href= "https://www.amazon.com/The-Road-Less-Stupid-audiobook/dp/B07DJWQ7JN/ref=sr_1_1?dchild=1&keywords=the+road+less+stupid&qid=1606697728&sr=8-1"> <span style= "font-weight: 400;">https://www.amazon.com/The-Road-Less-Stupid-audiobook/dp/B07DJWQ7JN/ref=sr_1_1?dchild=1&keywords=the+road+less+stupid&qid=1606697728&sr=8-1</span></a><span style="font-weight: 400;"> </span></p> <p><span style="font-weight: 400;"> </span></p> <p><span style="font-weight: 400;">Today we discuss the unknowns of the market and how things have changed since the 2008 financial crisis. People like to compare the 2008 housing crisis with the 2020 housing market.</span> <span style="font-weight: 400;">We say that much has changed since 2008, not only in the market but in the business of Real Estate itself. To understand those differences, first we need to look at what the market was like in 2008:</span></p> <p><span style="font-weight: 400;"> </span></p> <ul> <li><span style="font-weight: 400;"> </span> <span style= "font-weight: 400;">Banks were approving home loans for people who couldn’t afford them, creating a market that couldn’t be hold itself up, as well as being investor heavy with many homes being bought by people who had no intention on occupying them.</span></li> <li><span style="font-weight: 400;"> </span> <span style= "font-weight: 400;">Negatively Amortizing Loans, or Neg Am loans, were being offered to people who shouldn’t have qualified for them. Neg Am loans allow the borrower to pay less than what is owed on interest, tacking negative principal on the back end of the loan. For more information, see:</span> <a href= "https://www.investopedia.com/terms/n/negativelyamortizingloan.asp"> <span style= "font-weight: 400;">https://www.investopedia.com/terms/n/negativelyamort