Yikes folks, so this new report is something that i was not expecting and look. Many of us are already expecting a recession. Many of us already expecting impacts of this and stocks and crypto and even real estate. We've been talking about the likelihood of real estate prices.

Falling not only on the channel but substantially preparing course members for exactly what to do for when real estate prices fall and how to take advantage of those deals. Remember there's a link to those courses down below with an expiring coupon code. This friday, the prices go up over time, as we continue to add value, and i hire more staff to help me provide even more value to the courses. We've got some great things coming up, but folks, this new report is a little bit of a shocker, and this new report makes me a little bit nervous because it's a new piece of information, a new piece of data that we haven't thought of previously in terms Of where markets could get hit next and to understand where markets get hit next, i want to lay the foundation by talking about the following and then i'm going to talk about jobs which could threaten you and which specific cities and areas could get hit the worst.

Let's talk about that so first understand this chart right here. This is the house price to rent ratio. What you can see is that, right now we sit at levels that we last sat in in 2006.. That's dirty! That's a dirty reference right.

We don't like referring back to 2006 and previously, we've seen pretty stable growth in home prices relative to rents, in fact, take a look at this boom right here between 2000 about 14 in 2020, where we had a nice, stable appreciation of homes and rents still somewhat Lagged, but we only really moved from a ratio of 1 to about 1.1 right, but that ratio has moved substantially over here following the pandemic. Why cheap money interest rates going down to a low of two and a half percent for a 30 year, fixed rate mortgage? A substantial boom in real estate and relocations in the work from home space. It's going to be a big topic in this video and a big risk factor. Wait for that.

But this right here signals the potential for another. I hate to say it but 2008 style collapse. Now estimates vary. Are we going to see a 5 or 10 percent correction? 20.

Correction. 30. 40. Correction.

We don't really know, but what we do know is pain is probably coming to the housing market. But it's not just the housing market see it's also, and i hate to say it, but jobs and both of these are going to combine and create this dirty dirty thing that this report really opened my eyes up to, and i want you to know about it. So shout out to namura, probably mispronouncing their name, but this report was fascinating, so first they make this argument that the federal reserve has now become a single mandate, fed that, rather than having a dual main date, which is stable prices and maximum employment. Now we have a federal reserve that really only cares about inflation and the last fed that really only cared about inflation and not about employment.

Going up was the fed led by fair, fed chairperson, paul, volcker. Paul volcker was known for setting interest rates up to about 20 percent and essentially vulcaring the economy, causing a substantial crash in the economy and a phenomenal rise in the unemployment rate, but not only that paul volcker. Despite having the reputation for being the man who fights inflation, he was only able to get inflation down to four percent. Our fed wants to get inflation down to two percent, which is going even further than paul.

Volcker did not only that, but by some accounts inflation. Today is already as bad as it was back in the late 1970s. Now it hasn't been as high for as long, but it might be as bad, and this is a problem, but in this video i really want to focus on not the fact that we're likely to see a recession. We kind of already know that.

But this combination of a real estate problem and an employment problem and how that's going to affect you see take a look at this. The fed believes that interest rates are going to i'm sorry, unemployment. The unemployment rate is only going to go up to about 4.1 percent by 2024., well numero what i can't even pronounce their name correctly. That was a good one.

Nobody please clip that this researcher board expects the unemployment rate is going to go to 5.2. By the end of 2023, and almost to six percent by the end of 5.9 or by the end of 2024, now what's remarkable about this - is listen to this line right here. Moreover, if workers lose bargaining power for remote work as unemployment rises, the covid related migration could reverse, which may exert downward pressure on home prices in areas that benefit from the shift in work from home conditions holy smokes this, along with an unemployment rate substantially higher than What the fed thinks and a more aggressive fed could spell disaster for certain areas in the united states and i'm going to tell you exactly what those areas are in the united states. We've got multiple charts here, and these are going to be uh.

You know something you're going to want to pay attention to. This is important, even if you're a regular salaried worker, whether you're, remote or not. You want to pay attention to this. Okay, we've just had linkedin report.

The people who are working at tesla for six years are now getting the layoff boot you could be next. You got to prepare for this. You've got to prepare it's so so important. We're going to talk about these markets and how to prepare, but first serious shout out to all those of you not only saving tens of thousands of dollars by making smart decisions in real estate and home ownership, or investing thanks to my programs on building your wealth Link down below which combined the 40 years of property management experience for my family 40 years of real estate, investing experience and my own experience going from zero to millionaire all together in a convenient easy to learn program that will arm you with the tools to save And make tens of thousands of dollars and get you on the path to being a millionaire and get you into our partnership with lowe's, where you get discounted prices at low? So if you ever spend money at lowe's, you use our partnership you're, basically paying for your course.

You can get the course for free by taking advantage of these partnerships. Folks, you got to be part of the programs. There's a coupon code linked down below that expires friday. The price of these programs goes up about every three to six weeks, as we continue to add member benefits and value with the courses to make sure they stay fresh and relevant, especially with our course member live streams where you get direct access to me to ask Questions about the market every single day, the market is open, use the link in the description down below or go to.

Medkevin.Com join make sure you use that fifty percent off coupon code future millions and enjoy locking in the best price possible on maximizing your education and preparedness for taking advantage of real estate deals coming up. Most popular bundles are bundle one which combines real estate and stocks and psychology and money, and the next bundle would be real estate investing and the do-it-yourself management course with rental renovations guide all right. Folks, now we've got to understand the markets that are going to get hit hardest. So one of the things that we want to remember is that, during the pandemic, we had this massive shift from areas like california to areas like idaho and the reason for that was pretty simple.

People wanted to go to areas with a lower cost of housing cheaper living. If you could save money and make a similar amount of pay, even if it was reduced a little bit, maybe you could get a change of scenery or have a different climate or really just a better quality of life, maybe be closer to family or have access To better schools, all of these things matter a lot to individuals, obviously, and therefore a lot of people moved and when people move from areas where their jobs are to areas where their jobs are not. You could see substantial balloons and real estate values, but if this research report is correct and we might actually see a substantial move away from these areas because all of a sudden companies start laying off remote workers and then when they do hire new workers, they say Sorry we're not doing work from home anymore. We could see a reversal in some of these markets and this came as a little bit of a surprise to me.

It's one that makes sense, but it's one that i haven't thought of before so. First, let's take a look at this report by linkedin. This report by linkedin tells us the top 20 cities where residents are applying for remote work. The top 20 cities are bend oregon, asheville north carolina, wilmington, delaware, you've got tennessee in here.

A lot of oregon. You've got florida in here as well, south carolina and you could take a pause, obviously take a screenshot of this. If you want and take a look here, we've got a lot of florida. In fact, look at this.

Let me just highlight for a second here florida, which is a no income tax state. Look at that florida has six spots in the top 20.. Obviously, we've got las vegas nevada over here. We've got a lot of the carolinas in here.

Look at that south carolina north carolina we've only got three of those looks like we've got oregon twice: tennessee a no income tax state as well as in here, and so these are areas that, surprisingly, might not see that same sort of support that they had seen In the past, interesting to think about here's, another uh outline in terms of uh, where americans are moving thanks to a study by hire a helper americans, found that in 2020 states that received the largest inflows. So this is now states, not cities. Okay, this one was cities, and this is also currently people applying for remote work. This goes back to 2020 and shows the largest inflows were idaho, vermont, maine, delaware, south carolina new hampshire, new mexico, north carolina, tennessee and iowa.

So we definitely see some overlap between states that are still getting a lot of inflows and applications for remote work and individ, where individuals moved in 2020, but wait a minute if this reverses, then these are areas that could see the most sadness in a potential real Estate collapse going forward right, then, where are areas that might benefit? Well, presumably the opposite, even though we expect the entire real estate market to get hurt. These are areas where people left people left. California, new york, jersey, illinois, connecticut nebraska dc minnesota kansas louisiana, so not suggesting that these areas are going to be a smiley face because we're probably going to see a national real estate slam. But these areas might at least somewhat attempt to benefit from people having to move back to working in the office.

Here's another statistic: this one's from the new york times, and this shows, where are people looking to move and where are they searching from? Take a look at this net inflows to miami had the largest searches from out of town and most of those searches came from new york. So we're seeing this movement now, but we might, in the future, see the green movement and a move back. Who knows now? We don't think that, obviously we're going to see a hundred percent reversal right. It's not like every single person who moved to miami is not going to go back to new york, but even if you just see an additional 10 or 20 movement back and a reversal back.

In addition to inventory rising and a flip down in the real estate market, you could actually see more pain in these areas, as that extra 10 pain creates even more damage to these areas here or these areas here or these areas here, whereas maybe these would have Sort of at least somewhat of a little bit of an airbag, but we still expect damage. So how should you prepare yourself? Well, folks, first things: first, you got to make sure as much as possible every single day, you're asking yourself. Do i really need to buy this on amazon? Do i really need to spend this money? I hate to say it, but i've been pitching this argument for like six months now. It is time to get frugal and i also hate to say it, but the more you get frugal, the more likely we actually go into a recession, but you need to look out for yourself honestly, we need a present, and this is not democrat or republican.

Okay. This is like straight up in the middle fact. We need a president who comes out right now and says folks we're probably going to go into a recession, but it's not that big of a deal as long as you survive it by saving money, making sure that if your job is like secure or you think It's secure, you have a backup plan. You have a backup plan for another job, you're preparing another skill, you're going to your boss and saying: how can i provide more value during this recession to make sure my job is secure? Do i need to even remotely start considering looking for another job? Maybe don't bring that up, because the on probably won't tell you but yikes okay prepare, but we need a president that says the same thing a president that says you got ta prepare to go through a recession.

Even if that means gdp is one or two percent lower okay, big deal like it's really, i mean, if you think about it, okay, so we spent one or two percent less on goods and services, and so we're technically labeled to be in recession like that's, not That big of a deal, but it's all of the other things that go with a recession that are a big deal, asset values, plummeting the potential for job loss and if you lose your job at the same time as being in debt and and congress, is not Providing any stimis like that's bad for your financial well-being, that's terrible right! That's very! Very bad! So be prepared! Save cash slow down spending substantially do what you can if you're, not already out of debt, stay strong pay, pay pay, pay that debt down it's much better than doing anything else, even even paying debt down before investing like you, pay your debt down, and you have A stable job, at least you could be set up to go by real estate, don't get so distracted by stocks right now, but focus on no debt. So that way, your debt to income is strong and think about it. What could you do to get certifications? Be a certified financial analyst uh, you know series 65, a registered investment advisor coding, boot camps. I don't care.

We've mentioned a million of these things before get a real estate license right, the best time to start becoming a cpa. The best time to start is in a crash. That's the hardest time. If you can make it in a crash and start out in a crash, you can make it in the good times as well, be a survivor so so important right now.

So it's an interesting plot twist, one that i have to say i was not expecting and if it wasn't for that, whatever research company research here, we'll just put them up on screen to shout them out. If it wasn't for them, i don't know it might have taken me a little longer to start thinking about this, but folks. This is why i spend my three day: weekends doing research and if you want the benefit of all the research that i do make sure you not only subscribe to the channel but also get the latest and greatest. In terms of where my hat is and my fundamental analysis, which lately we've been doing every single day in live streams in our course member live streams where we're going through earnings reports and we're trying to find good deals in this market.

Because there are so many out there, but which deals are better than others. Folks join those course member live streams. They are recorded, so you could always catch up with them later. You could go through the archive of all of our course member live streams for the last three years as well, which is pretty cool.

I've been very consistent at doing these live streams and folks, i hope to see you there soon check out that code linked down below this is a shocker and folks we'll see in the next one. Thank you. Bye.