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Whitelaw and Sons Real Estate Morgan Hill
reaching your real estate goals
Robert Whitelaw, Realtor®

Robert Whitelaw, Realtor®

Published:Jul 25, 2022

Born and raised in Silicon Valley, Robert has helped clients successfully buy, sell and invest in real estate throughout Santa Clara County. Robert uses his local market knowledge to help clients across Silicon Valley!

Just as bad real estate lending led to a recession and car repossessions, can bad car lending lead to a decline in the housing market?.

housing marketFull blown car market crash is happening as we speak!

Lucky Lopez reported in July 24th that the lending spigot for cars has been closed. This is happening at the same time that repossessions are skyrocketing. Banks will be taking HUGE loses on these cars.

What does this mean for real estate?

That “Debt Profile” I keep talking about.

In addition to the crash of the car loan market, we can see that very similar actions were taken with those loans that just might push the overall markets just like the housing crash did. That would mean that it ends up pushing the real estate market into a downturn.

What does that mean for our markets?

If you have good credit, getting a car is about to become a deal.

The inventory of cars is about to jump and the number of qualified car buyers is about to dip. That will leave you with a potentially great deal if you have the credit score and the money to put down.

This all pushes the markets down – all of them. Including stocks and real estate.

Just looking at what is happening with real estate now, it is hard to imagine that a huge auto loan crash like this will not have a wider effect..

LINKS:

Lucky Lopez Automotice Life – YouTube

The Homework Guy – YouTube

https://www.forbes.com/sites/jonathanponciano/2022/07/18/housing-market-meltdown-intensifies-homebuilders-halt-construction-as-confidence-plunges-to-2-year-low/

https://www.berxi.com/resources/articles/best-real-estate-podcasts/

https://www.forbes.com/sites/jonathanponciano/2022/07/12/mortgage-giant-cuts-thousands-of-jobs-warns-of-accelerated-downturn-as-housing-market-abruptly-collapses/

 

Check Out The Last Show!

California deficits and taxes

California 2024 Deficits, Taxes

As California faces huge deficits in 2024, Sacramento appears to focus on more taxes rather than more responsible spending. In fact, it looks like they are setting thing up to attack Prop 13!

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