Amazing overview real estate space Logan, thank you Real Vision

I've been looking for more info on housing. This was perfect. Logan was great to listen to!

Loved this interview. Informative. Insightful.

Any thoughts on what happens when lenders sock away their bailout money and begin to require a 620, + 20% down? And stop handing out home equity loans like candy?

Thanks, Real Vision for presenting this interview with Logan, who revealed a broad and deep understanding of the U.S. housing market (albeit perhaps without an in depth appreciation of where it currently fits into macro trends--which is okay; Real Vision presents an abundance of that). As I have expressed in past comments, Real Vision has not provided enough expert material about the real estate and housing markets, and when they have, the interviewees have typically had very narrow perspectives and limited scopes. This interview was a refreshing improvement. Please bring Logan back for follow-up interviews as the Unfolding (or perhaps Refolding) plays out. Please also provide interviews with others knowledgeable about real estate and housing markets and assets, which represent significant allocations within the portfolios of many investors. Editing comments: As I have noted with other interviews, the description of the interview does not accurately present the content--the first and last sentences in particular. The title, although provocative, was even worse, stating the antithesis of the interviewee's views. The chapter titles give a good sense of the content, but the title and description miss badly. While this problem is common for much media trying to grab attention, it should not be so with a premium media source such as Real Vision.

My comments won’t post. “Unable to perform action.” Is this happening to others?

I live in the San Francisco Bay Area. Feels like this part of the country never fits into the “normal” category of Real Estate. Home prices are higher here than they were during the 2008 housing market crash. If large parts of the working population lose jobs (which they are) I don’t understand how the prices hold up. Inventory will most likely first drop as flippers get out of the market and those who are desperate to sell out houses on the market. I agree though for sometime sales volume should drop dramatically.

Good interview, definitely enjoyed it. Seems unlikely to me that 10 year interest rates will go much higher in the next few years. A good piece of residential property in a good location, particularly once it’s paid off, can provide a good diversification to a portfolio, a fairly reliable income stream under most conditions or a place to live. I have a few friends that have made a decent living buying and renting property.

I want what this guy is smoking. This sounded like an infomercial to buy real estate.

"Numbers are the closest thing we have to the handwriting of God", Logan Mohtashami I think that quote will go down in history!

Enjoyed the video. Thank you RV, Ash and Logan.

Drug pusher.

No books?... Seriously? A lot of numbers and facts in his head, but I kept hearing the old song of "knows the price of everything and the value of nothing"

Ash Bennington is a killer interviewer for this format. Give this dude tenure.

Thought this was a great interview and offered a far more nuanced view of the drivers of housing supply/demand than I have seen anywhere else. I also thought the contextual differences vs GFC were very helpful.

This guy is delusional. The absolute PRIME Commercial Real Estate is technically in the dumpster. Airports, Stadiums, Hotels, Movie Theatres, Malls, Restaurants... their value for generating cashflow is hugely decreased. And he thinks the residential is going to recover?!? Run for your lives

really knowledgable guest! too bad, the host kept fishing for "bearish" news and data sets, but just couldn't find them to support the title. The doomsday/bearish view of RV is getting old, quickly.

Nice job, guys. Keep it up.

Excellent curation here Ash and RV! RV has been a little “light” on RE coverage, IMO, and since RE is such a big part of many people’s investments and the social fabric of the country it is great to see this excellent piece posted. Enjoyable and easy to watch along with some nice takeaways. Classic RV curation and production!

Ash ------- I know you check all your feedback. I have to compiment you on such a great interview with Logan. I've been a member since 2015 & really appreciate your daily hard work & efforts on behalf of Real Vision! Keep it up! Henry Bauld

The dude has strange microeconomic view. Some charts would been good, too many numbers and dates.

15 million people lost their job in last 3 weeks already. 25-30 million job loss is expected. How is that Gonna effect Housing?

I liked this but definitely feel it was cherry picked data to suit a mortgage lender. Even if they don’t crash or decrease there’s not real possible way they can outperform wages and inflation anymore. I’d rather see data over 50 - 100 years

I cant see any scenario from right here where house prices (everywhere) don't fall considerably. In real and even nominal terms.

Harry Dent disagrees in a big way on where age demographics are wrt home buying.

Where’s the “meltdown” that’s described in the show notes? Cuz I didn’t get that vibe at all from this interview. Guest said housing market wasn’t overheated going into this and to not expect GFC-like declines of 50%+ in home prices. Then again, asking a lender if real estate is going to be ok is like asking a barber if you need a haircut.

We are at the end of an international 40 year bubble created by continuous reduction of interest rates. Once you get to the zero bound there is nowhere to go but up. House prices may remain stable but their real terms value will drop in some cities by up to 80%. London for instance is filled with unoccupied foreign owned property. That is supply that will all be released when the govt monetises the debt (that is what they are keeping their capital away from). I have no doubt that a sizeable new generation of eco home building will be a party of which ever New Deal is created. A mixture of rent controls, inflation and higher interest rates will enable millennials to save, for significantly cheeper property, once wages eventually catch up.

Really knowledgeable guy (about the housing market) and I enjoyed the interview but I don’t see how the title was rationalized.

Any updates on Australian real estate?

Great conversation. Can I make a request that RV produce more pieces of this type? Specifically, a subset of tactical pieces that delve into the structure or operation of different market segment or asset classes. The “Here’s how they are structured, how they function and who generally move them.” Pieces that dive bomb specific targets down a level from the 30,000 ft area bombing. Sorry, finishing a book on the Eighth Air Force.... Perhaps that’s a bit too boring or granular but if you don’t know how the house is wired, it will seem like a pretty light show, or you get electrocuted. Love mixed metaphors.

This guy is praising the conservatorship of Fannie and Freddie and then says that we might have wanted to look at curtailing credit in the housing market. Can he possibly be this naive of how much Fannie and Freddie have propped up the market? He also needs to talk to a macro guy. He seems completely oblivious to what is unraveling economically right before his eyes. This is the problem many times with being entrenched in your own sector. You start myopically talking up your own sector without a macro understanding of how your industry connects with everything else. He basically sounds like a sales guy trying to pitch a mortgage portfolio.

Good interview. Would like to get an update from Mr. Mohtashami in a month or so just to understand the inside take on US RE and mortgage lending industry.

At 16:30-16:40 Logan discussed the strategy that sellers need to "take their home off the market" til this scenario abates. However, what if this goes on for 6 months... i.e.) Where we have sellers essentially "stockpiling" homes in inventory with a hope that putting it back on the market when things are "back to normal" will yield a better sales price? I'm currently renting right now, having sold my home last year to move to a new location. So, I'm liquid and looking to buy. However, I don't see how demand can match the supply that is going to exist later this year. Isn't there essentially going to be a "supply glut?" I understand the intention of the Fed/Govt is to keep rates low, but in real terms I see the overall economy scrambling to find USD as the year continues (in addition to the rest of the world). While the exotic products and leverage may not be as bad as it was in 2006, my smell test tells me it's going to be a year or two before we see real estate begin to rise again.

Should have named this video "The Refolding." I watched Raoul's presentation yesterday and it makes this extremely difficult to process. I think it the mortgage/real estate market might need a little more time to unfold.

Good interview. Loved the Genghis-Khan-meeting wish. I find Khan a truly fascinating character too.

As a general principle I’m not sure that inexpert comments about the disease progress (eg summer months will be fine, to paraphrase) should be left in unqualified by the interviewer

Insane home prices and rent are the direct policy of the federal reserve when they create credit and lower interest rates. Given the current situation, how is this not a bubble? There is an elegant solution... deflation. Lower prices fixes all the problems of affordability... and even addresses the wealth gap for those in the real economy... but it’s clear Fed policy is still in pursuit of high prices at any cost.

Excellent video. Really enjoyed this and got a lot out of it. Need to bring him back

“Send checks” whoa! These NEO cons are the problem.