The 2023 recession is off to a strange start. Homebuyer activity has rallied, consumer spending is up, and unemployment is low. Is a recession really on the way, and if so, has anyone told the Fed what's happening in today’s economy? With a good chunk of economists still betting on a recession in 2023, who’s right and who’s wrong? And if there isn’t a recession incoming, can real estate investors take advantage of this artificial instability to get even better deals done?
We’re back with our panel of experts, Henry Washington, Jamil Damji, and Kathy Fettke, to get their take on whether or not this period of economic uncertainty is over. Back in 2022, with mortgage rates picking up, inflation hitting decade-long highs, and the housing market starting to stutter, most Americans were right to believe that we were on the cusp of a recession. And real estate investors were doing deals left and right, trying to get as many homes under contract for the lowest price.
And only a few months later, things have started to change, but investors are still getting incredible deals done, and if you tune into this episode, you can too! We talk about how this “white-collar recession” is causing more profit than panic for investors and why many Americans don’t “feel” we’re in an economic downturn. Our expert guests even give their best predictions on what could happen this year and into the next. So if you want to take home some SERIOUS profits like our guests did in the last crash, listen up!
In This Episode We Cover
A 2022 economic recap and why Americans didn’t react as they did during the last recession
Testing today’s recession sentiment using the “underwear” theory
Whether or not we’re in a recession and why real estate is always “first in, first out”
The 2023 economy, housing market predictions, and why recession indicators don’t always work
How to invest in 2023 and what our expert guests are doing to build wealth while markets are down
Passive investing and why Dave’s private money lending bet could pay off as mortgage rates rise
And So Much More!
Links from the Show
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On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
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Dave’s BiggerPockets Profile
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Henry's BiggerPockets Profile
Henry's Instagram
Jamil's BiggerPockets Profile
Jamil's Instagram
Kathy's BiggerPockets Profile
Kathy's Instagram
Attend a BiggerPockets Meetup
Why This Recession is a HUGE Opportunity for Investors
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-84
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