2008 thumps.
Nadelle 6/30 [freelance journalist quoting David Ramsey, The New York Times bestseller The Total Money Makeover; 6/30/2023; “Dave Ramsey Says 2008 Housing Market Crash Won’t Happen Again: Supply and Demand ‘Won’t Allow It’”; GOBankingRates; https://www.gobankingrates.com/investing/real-estate/dave-ramsey-says-2008-housing-market-crash-wont-happen-again-supply-demand-wont-allow-it/; accessed 7/1/2023; Lowell-WN]
“This conclusion I came to is that we’re not going to see house prices crash because supply and demand just won’t allow it,” Ramsey said during his Ramsey Real Estate Reality Check last year. “There’s too many buyers chasing too few houses and that’s going to hold the market.”
Although anything is possible, Ramsey still believes that — although the present housing situation is far from ideal — the housing crash of 2008 was a once-in-a-century anomaly, as was the hot pandemic housing market, Moneywise detailed.
“I do think [the economy] is going to slow down, but that’s a far cry from 2008 that we’re going to see this huge drop that was unprecedented,” Ramsey said in July 2022. “The only time in the last hundred years or so that we’ve seen house prices go down across the board in the United States was in 2008, and there was a different set of circumstances at that time.”