Motley Fool Money Recession Fears, House Hacking, Consumer Spending for the Holidays
Sep 23, 2022
Robert Leonard, host of the Millennial Investing podcast and author of The Everything Guide to House Hacking, joins the discussion this week. He shares practical insights on house hacking, including tenant screening and property management tips. The group delves into the current economic landscape, examining recession fears and consumer behavior leading into the holiday season. Leonard also addresses common fears about becoming a landlord, highlighting the opportunities house hacking presents for aspiring homeowners and investors.
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Market Reaction to Fed Hike
- The Federal Reserve's interest rate hike spooked investors, causing a market drop.
- This reaction was surprising, as the hike was anticipated, highlighting market pessimism and recession fears.
Investment Opportunity
- Many good businesses are now more attractively priced due to the market downturn.
- This presents a potential opportunity for investors.
Costco's Strong Performance
- Costco had strong fourth-quarter results, with high same-store sales and no membership price increases yet.
- This contrasts with competitors like Sam's Club, which recently raised prices.
