About this episode
Bank failures were a thing of the past—until a couple of weeks ago. After Silicon Valley Bank ’s (SVB) fall from grace and numerous other regional and small-time banks going under, Americans are holding their cash with an iron grip , not knowing whether or not a recession or soft landing could be on the horizon. And with more economic instability comes more fear, panic, and doubt from the general public. Thankfully, we’ve got Mark Zandi , Chief Economist at Moody’s Analytics, to share some economic truths (instead of crash-fueled terror). Mark knows the economy inside and out and understands the true impact behind these bank crashes . He gives his opinions on whether or not this series of bank crashes could lead to an even greater recession , why the government was forced to build a bailout , and how real estate and the economy will be affected as we try to rebuild from this fragile system collapsing. And, if you’re worried that the big banks could start to crumble under their own weight , Mark has some information that’ll quell your fears. But we’re not just hitting on bank news. Mark shares how a “ slowcession ” could occur throughout the US, leading to a lackluster economy as unemployment grows and GDP growth slows. He also gives mortgage rate predictions and discusses the one real estate type that could be in BIG trouble over the next few years. In This Episode We Cover Silicon Valley Bank’s (SVB) collapse explained and why big banks aren’t worried The social-medial-fueled panic and fear cycle that is hurting the economy The bright side of a bank bailout and how to avoid a systematic collapse Recessions vs. “slowcessions” and why the latter WON’T be a soft landing Real estate prices and which property type could go BUST over the next few years Mortgage rate predictions and why we wouldn’t hold our breath on three-percent rates And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave’s BiggerPockets Profile Dave’s Instagram SVB’s Risky Bailout and The Bank Run “Domino Effect” How Did A $200B+ Bank Collapse In 48 Hours? Connect with Mark: Mark's Website Mark's Podcast Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-89 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com . Learn more about your ad choices. Visit megaphone.fm/adchoices