Americans are convinced that today’s economy is bad…really bad. In fact, many of them think that this is the worst economic period in US history. Are they right, or are they just historically challenged? In today’s show, we’re going to touch on the good and the bad happening in the economy, from new job numbers to negative economic sentiment, corporate landlords who want you to live at work, and whether or not buying a house in 2024 is a smart move to make.
With so many economists only a few short months ago predicting a recession in 2024, a surprising new jobs report has been released showing something nobody would have expected. Is this good for employees, or does this bring more power to the employer? Speaking of employers, how would you like Elon Musk to be your landlord? Well, if you work for Tesla, SpaceX, or The Boring Company, this could be your reality.
And, if you’ve been on the fence about buying a home, our investing experts go through the pros and cons of purchasing in 2024. With less competition and rates forecasted to drop, now could be the final time to get a steal on your next real estate deal. But is locking in your price now your best bet? Stick around to find out!
In This Episode We Cover:
New jobs data and whether wages are growing, shrinking, or staying stagnant for Americans
“Labor hoarding” and why top companies are paying to keep workers on call
Why younger Americans believe now is the “worst economy in US history”
The re-emergence of “company towns” and how Google, Meta, and Elon Musk could become your next landlord
Why expert investors are buying now BEFORE mortgage rates go down
And So Much More!
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On The Market
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Here’s What the U.S. Consumer Tells Us About the State of the Economy
Articles Mentioned in This Episode:
Jobs Report
Company Towns
Buying in 2024
Home Prices
Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-178
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