In many world nations, if you’re born poor, you stay poor. I discuss how in America, you can be upwardly mobile.
Back in 2010, real estate prices had fallen, but rents had not. This created years of cash flow. Today, as prices have outpaced rents, cash flow keeps shrinking.
Our Investment Coaches have access to income properties with 4.75% and 5.75% mortgage interest rates. It’s a way to “bring back cash flow”. Get started at GREmarketplace.com/Coach
Terrific housing intelligence analyst Rick Sharga joins us for the first of two consecutive episodes.
Rick & I discuss the condition of the American consumer, inflation and interest rates, concerns about a potential economic downturn, the housing market, the impact of consumer confidence on spending, and the actions taken by the Federal Reserve to control inflation.
There’s flagging consumer confidence and a yield curve inversion. Are these finally harbingers of an economic recession?
Rick’s informal survey of economists find that there’s a 50-50 chance of a recession this cycle. Earlier this year, 80% of economists felt that a recession was imminent.
If there is a recession this cycle, Rick thinks there’s a probability that it will be mild.
Average hourly wages are $28-29 / hour. Wage growth is 4-5%. Wages are finally running higher than home price appreciation.
Rick Sharga on X (Twitter):
Get mortgage loans for investment property:
RidgeLendingGroup.com or call 855-74-RIDGE
or e-mail: info@RidgeLendingGroup.com
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