ECONOMIC COLLAPSE 2022 (WORSE Than 2008 Housing Market Crash?) Ep 108

Описание: 2022 is the beginning of what some predict will be some economic turmoil. economic collapse 2022, even worse than what we are suffering in the early summer of this year. Inflation is out of control, homes and mortgage interest rates get less affordable, and rents keep increasing at alarming rates. Is this economic crisis worse than 2008 housing market crash?

The real question should be, how prepared are you? What can you do once this economic turmoil comes? In this episode, David Sidoni discusses how renters avoid getting crushed by landlords if buying a home means you will be “house poor,” or worse, “house broke.”

Are we in an economic meltdown? Perhaps we’re not in a full-on Chornobyl, but many people are starting to see warning signs. If this is the case, then when it comes to buying your first home then, you should totally pump the brakes. Who knows what’s going to happen? In times of uncertainty, renters should be way more scared than people buying a home. Let’s talk about it.

✅ What we will discuss in this episode:
00:00 - Intro
00:52 - Economy Collapse 2022 And Being “House Poor”
01:27 - Rise In The Fed Rate and the meaning of this for the average person?
03:09 - Recency Bias (The Wrong Mindset when experiencing a recession)
04:36 - Two Home Ownership benefits compared to renting a place to live in
06:51 House Poor Or Rent Broke? Who is right?
08:56 - The Rent Replacement Formula is Key to get your first time to get your first home
10:09 - Learning About the term Rent Broke
12:39 - Start Your Plan Now to buy your first house before you regret it and go Rent Broke
13:21 - Is flipping houses or buying a house as an investor good?
13:59 - Who is most vulnerable in an economic crisis?
15:20 - What First-Time Home Buyers Can Do To Avoid Being House Poor In A Bad Economy
16:04 - An example of a first-time home buyer that took the steps toward buying a first home
19:15 - What to watch next from David Sidoni

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