The $3T Problem No One in Real Estate is Paying Attention To

A $3 trillion market is beginning to crack. JPMorgan CEO Jamie Dimon has sounded off, saying there are “cockroaches” in the system. Investors are pulling billions of dollars out of the market, and real estate could be affected in a massive way. This is the private credit crisis explained. When big investors go to buy or build, they don’t always take money from a bank; instead, they get loans from the private credit market—lenders who operate outside of the traditional lending apparatus. But over the past four years, commercial real estate has seen values tank, income drop, and demand shrink for everything from office to multifamily and more. And the people who lend their money to private credit are starting to get nervous. Billions of dollars have already been pulled out of the market, with many investors going on “bank run” style withdrawal sprees. But, this isn’t only a commercial real estate problem—residential real estate could be affected if enough money leaves the systems. So what happens next? Will real estate prices fall even further as a result? Are we on the brink of a credit crisis mirroring the 2008 subprime bubble? We’re breaking it all down in this episode. In This Episode We Cover Private credit explained: who’s lending the money and what is being leveraged “Cracks” begin to form, and why investors are pulling billions of dollars out of the system Riskier commercial real estate debt that could trigger a “debt spiral” of serious proportions Why residential real estate is not completely safe if commercial real estate starts to fall further The one thing worrying experts the most about this hidden credit crisis And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets Sign Up for the On the Market Newsletter Find Investor-Friendly Lenders On the Market 410 - The First Domino? Investors Pull Billions as Real Estate Bank Runs Return Dave's BiggerPockets Profile Grab the Book, "Recession-Proof Real Estate Investing" Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and . 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

You can listen to The $3T Problem No One in Real Estate is Paying Attention To online on Radio and Podcast. Open the player on this page to stream the available audio.

The $3T Problem No One in Real Estate is Paying Attention To is an episode from On The Market by BiggerPockets.

This episode is 37:30 long.

This episode was published on Mar 26, 2026.

Yes. Use the heart button on the episode page to add it to your favorite episodes list.

Yes. This page shows related episodes from On The Market when more episodes are available from the podcast feed.