Gavin J Gallagher's video: FEAR PANIC grips the UK housing market

In this livestream Q&A I cover the latest real estate and global economic news headlines to discuss and try to determine whether all the predictions about an upcoming recession and financial crash are likely or perhaps being overhyped. Every Wednesday at lunchtime (1pm Ireland/UK or 8am Eastern) I host the 'Property Investor Roundtable' which is a livestream covering the latest real estate & property market news, followed by coaching and some Q&A. Whilst today I am based in Dublin, I have bought, sold, built and managed real estate on 4 continents so any property market question is open for discussion. I very much look forward to you joining me... I have a mastermind/coaching program: https://www.elitepropertyaccelerator.com/ Test your real estate knowledge here: https://eliteproperty.scoreapp.com/ Learn more about me here: https://www.gavinjgallagher.com/ Tune in to my weekly podcast here: @BehindTheFacade Follow me on LinkedIn: https://www.linkedin.com/in/gavinjgallagher/ Find me on social media: @gavinjgallagher Chapters/Timestamps 0:00 Waiting for People to Join 1:20 Introduction 3:35 Who is Gavin J Gallagher? 4:39 Behind The Facade Podcast 5:40 PROPERTY NEWS AND OUTLOOK 5:55 Fear and panic grips the UK housing market 8:27 Inflation driving the economic downturn 11:11 Mortgage payments as a % of people's income 12:06 Financial Times Property Sector 12:13 Barratt Developments cut profit estimate 13:02 Property emissions still too high 13:53 US property sector job cuts anticipated 15:08 China property crisis spoils the moment 17:31 Irish construction costs surge again with concrete levy 18:42 Investor pulling out of €400M PRS schemes 20:30 Soft landing for the Irish house prices? 22:53 Housing supply held back by outdated restrictions 23:41 Energy crisis adds €60k to price of well insulated homes 25:24 Nama offered 'expertise and know-how' on the housing crisis 26:04 'Pervasive Fear' drove up house prices 26:23 Could interest rates hikes cause a property price crash? 26:53 MARKET IMPACT 26:52 Will the market take the stairs or the elevator (or the window)? 27:32 Average UK house prices (2006-2021) 27:55 OECD house price chart (1994-2020) 28:52 The Irish housing development squeeze 32:28 5 Deadly D's during a Crisis 36:10 Understanding Cognitive Bias 36:59 Availability Cascade Bias 38:05 Framing or Authority Bias 39:51 Confirmation Bias 40:38 Continuity Bias 41:35 Present Moment Bias 42:53 Restraint Bias 43:51 Disposition Bias 46:16 Elite Property Accelerator - mastermind 46:55 Mica concrete problem in Ireland 48:34 Free money from the Central Banks 49:40 Irish Government to start house building? 50:42 Property market for 2022? 51:42 Mica affected homes being sold at auction 52:43 Is everything going to shit? 53:18 How can Irish banks continue to hold bad debt? 53:36 Advice for a 29 year old with 60k in crypto/stocks and 70k in cash? 55:55 Communist one house for all policies? 56:23 The day you buy and the day you sell 58:20 How long could this Bear Market last?