I need your help to gain 1000 subscribers; if you like the video, please like and subscribe. I think we have a major recession coming. have been talking about this for a long time. These recessions do not start tomorrow, there are signposts along the way. The signs have not changed the Recession is coming, it's coming, it's coming. We have talked about this since March of 2022. You have had plenty of time to get your house in order: Build reserves, get out of debt.
It takes 8-15 months for the rate increases to be felt; it's called the Lag Effect.
I think we have an Economic Bust coming. We have had a Boom. In 2020, the Pandemic came along and scared everyone. The policy response was to pump $trillions into the Economy; $10 Trillion just here in the US. Central Banks around the world added another $10 Trillion which caused the Inflation Monster.
Appreciation of Home Prices Nationally are slowing and will soon be negative.
States like California, Illinois, Wisconsin, Minnesota, New York, New Jersey will suffer more due to the difference in Population Migration.
San Francisco has already lost 35% in value. This will be a national issue.
Florida, Texas, and Arizona offer the best investment returns.
If I can help, please contact my corporate number.
Michael's Website" www.michaeldouville.com
Classes for Investing are being scheduled in Phoenix, AZ.
Michael Douville's Investment Books:
How To Create A Real Estate Money Machine and Retire With Income:
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Real Estate Investing for Beginners:
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Boom to Bust in 2024
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