That’s "Bidenomics…
Actually it’s “Democratomics” The democrats together brought us the economic disaster that is coming on us all. The open borders, costing billions and escalating crime, along with very little enforcement of the law, inflation, and homelessness is all due to their policies.
This is only the beginning;;;
Housing markets will collapse, credit cards are being maxed out in the millions, and inflation is eating up the middle and lower economic classes. Auto loans are massively under water in default.
3 bubbles about to burst, auto loan bubble, credit card bubble, and housing collapse. All 3 at near the same time.
I would be glad to see it happen.
Recession is correction.
It didn’t have yo happen, it’s the result of democrats overspending, money printing, and over borrowing. It might be worse then a recession…
Over the last several years, exacerbated by free government trillions, the values have been inflated to levels I’ve never seen before. That said, when/if this thing crumbles…the loss of money will be unreal and it will primarily land on our financial institutions. The “crash” will be IMO more devastating than in 1929.
what if the recession occurs early on in a republican admin?
still good news and a much needed “correction” ?
I’d imagine those not personally or financially affected by it won’t mind seeing it happen, either 
There will be a ripple effect so violent IMO…“we” will all feel it. Example…where will your cash be? How will your IRA fair or 401K?
I’ve done my best to invest in property rather than 401 K or holding too much cash. What’s been going on with the banks is worrisome as well.
I know you’re a wise person but let me ask; is it rental property that will generate an income? Do you believe those renting will be able to pay? If they can’t, can you remove them during this time?
It’s completely paid for. Regardless of whether the renter can pay, I will still have enough to cover the insurance and property taxes. It is my form of a savings account. 
Me too. I have a little in a retirement that’s stock based, but don’t expect to keep it. The rest in property and a other alternative investments. Have small farm land as well, just in case I NEED it…
There’s a lot to be said for sacrificing in order to save. Hell, I can dump the flood and homeowner’s insurance if I need to. My fixed costs would be under $500.00 per month (association fees and property tax). With a good renter, if they could no longer afford the rent, I’d lower their costs as well. Charge $1,500 instead of the $2,800.00 going rate until the economy turns back around and I’ll still be ahead of the game.
Smart man. I like it!!!
Same with mine. Own all of them outright. People miss rent often. If I think they are taking advantage then I do something. Otherwise I let them work it out as they can. Also since I have no family to will the property to, they are willed to the current occupiers if I pass away.
Wow, that’s awesome. You’re a good 
, STODR. 
The housing market will not crash.
Over 62% of mortgage holders have a rate below 4%… 91% have a rate below 6%.
Due to this, people are reluctant to sell. Heck I am one of those people. I have a 2.3% rate. When this many home owners have a rate lower than the current rate… the amount of homes on the market shrink. Thus keeping home prices steady at pandemic levels.
Once the rate drops to 5% or 4% the demand will increase.
I don’t think we will ever see 2% rates again.
Student loan payments are cranking back up too. I suspect too many borrowers have gotten used to not paying on those loans.
I believe it was a rhetorical question for everyone to consider.
In my opinion, the person who does not feel the collapse will be rare. And for some, the effect will be minimal, and from there a whole spectrum of degrees of impact.
The vast majority of people will be well toward the end of the spectrum with massive impact.
No doubt about it. A lot of us suffered greatly in 2008. I saw friends heavily invested in 401K/IRA, etc. lose a tremendous amount of wealth.
So, while the question was generic, the answer I gave was in reply to a specific question… Cash/401K/IRA.
I made a promise to myself to lessen the impact as much as possible should I ever be put into that situation again. Which, I am sure many folks did as well.
I hate that people are going through this and hope it doesn’t get worse.
