The US economic system has survived the previous few years surprisingly nicely. However there’s one big risk on the horizon nobody is watching. With layoffs and bankruptcies already beginning to tick up, a brand new wave of misfortune might hit customers EVEN as inflation cools, rates of interest start to drop, and asset costs hit an all-time excessive. What’s coming for us that solely probably the most economically inclined find out about? We’re about to interrupt it down on this BiggerNews.
J Scott, investing legend and writer of too many actual property books to call, is again on the present to speak about housing crashes, financial predictions, mortgage charges, client sentiment, and the silent risk to the US economic system that no one is considering. J is aware of the sport higher than most and is the furthest factor from a bubble boy or permabull. He’s acquired his finger on the financial pulse and makes use of the most recent financial knowledge to kind his opinions.
On at this time’s episode, J shares whether or not or not he believes one other housing crash is coming, how America might grow to be a “renter nation” over the subsequent decade, whether or not or not house costs will keep excessive as soon as charges drop, how low mortgage charges might go in 2024, and the largest financial danger to companies, workers, and anybody working within the US economic system.
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https://www.youtube.com/watch?v=DKnwjG5nDh8123
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In This Episode We Cowl:
- The chance of one other housing crash, particularly if America falls right into a recession
- A silent danger to the US economic system that might hit on a regular basis Individuals onerous
- Why Individuals are pessimistic concerning the economic system however spending greater than ever
- The financial “musical chairs” which should come to a cease someday quickly
- Why house costs might proceed to rise as mortgage charges start to fall
- Mortgage price predictions and J’s forecast for a way low they’ll go in 2024
- The huge financial institution bailout program that might be coming to a detailed
- And So A lot Extra!
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Notice By BiggerPockets: These are opinions written by the writer and don’t essentially signify the opinions of BiggerPockets.
