Most economic experts you see on social media seem to be in the business of making economic predictions.
Especially those that predict economic catastrophe.
Doom-mongering sells, folks.
Just look at all the financial newsletters and viral YouTube videos talking about an impending collapse of the American economy.
Everyday we’re given information about how collapse is right around the corner.
And guess what?
Very few of these scenarios come to pass.
Now, some of the people who peddle economic doom talk are actually quite smart.
They’re usually people who have been in the wealth-building game for decades and have picked up on a treasure trove of insights on economic and financial affairs.
Here is the thing, predicting economic conditions is a tall order.
Collapses usually happen when we least expect them.
And in a world of big governments, there are other countries who pursue even more irrational economic policies than the US.
Yes, we’re not living on an island.
While the US government pursues several destructive economic policies, there are other governments that are one-upping it on a daily basis.
As a result, the US ends up becoming the least dirty shirt in the laundry.
However, such a status may not be the case for the US much longer.
Overall, there’s a major lesson here.
We can’t always predict the future to a T. In addition, we don’t have much control of the economic elements.
But what we do have control of is our wealth-building activities.
No matter what is taking place politically or in the broader economy, people will always need housing.
You can take that to the bank.
Income properties in linear markets are the go-to option for the empowered investor who is looking for reliable cash flow.
Sure, economic upheavals are bad. But they’re not the end of the world. These are moments when the economy readjusts from years of artificial prosperity.
In turn, many people downsize and/or adjust their housing arrangements accordingly.
Income property investors who pick up on the increased use of house renting will profit handsomely from these trends.
Plus, income properties are the most tax-favored asset classes that any investor worth his salt should have if they want to truly become financially sovereign.
Irrespective of the economic and political conditions, income properties always deliver the goods.
For that reason, you should do everything possible to acquire these properties.
In the meantime, watch our very own Jason Hartman’s interview with Eric Eric Basmajian of EPB Macro Research on the current state of housing in America.
P.S. Don’t know how to navigate the income property market?
Don’t fret fellow empowered investor.
The Empowered Investor Pro community will have your back.
This community is filled with experienced real estate professionals who get the nuts and bolts of income property investing.
And they’re more than willing to help you with your most pressing questions about income properties.
They might also cut you in on some special real estate deals that you will not find elsewhere.
If you want to truly level up, you must interact with the best in your respective craft.
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