Politicians think that they can defy economic gravity with magic. It would be magic to think that you could reduce inflation by spending more money! The newly passed Inflation Reduction Act intends to spend a lot more money, but will it actually reduce inflation in the short term or even in the long run?
Rachel Gainsbrugh is an expert in luxury short-term rental property investing. She identifies the hottest short-term rental markets, as well as some new avatars entering the luxury rental market.
So, the million dollar question right now: what are you doing to prepare for a possible recession and transition in the economy? Jason wants to share with you a few prudent steps that he’s taking and recommends you take as well to prepare for this transition.
An article from Real Trends says the real estate industry accounted for 16.9% of the Gross Domestic Product in 2021. The National Association of REALTORS estimates that each home sale on average generated $113,000 of economic impact. Wow! What other industry, for every transaction, generates $113,000 to the bottom line?
We’ve all been there—regretting not jumping on a great investment opportunity because we talked ourselves out of it. There’s no way anyone could have guessed that a house bought in 2012 with a good debt coverage ratio of 2.5 and a fantastic price per square foot could double in value in under a decade. It could have looked decent at the time, but is nothing to get too excited over.