With so much talk about the 2020 Recession. Here are my thoughts on the idea behind the 2020 Recession and how I would approach the housing market for first time home buyers or real estate investors!
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For those who are interested in Trading & Investing, I encourage you to join Our Free Trading Group of over 200,000!
Thank you for the support, the best way to reach out to me is through our private discord chat, please DM me.
If you have any suggestions for future videos such as Day Trading, Investing, Stock Market, Real Estate, Car Sales, Robinhood, TD Ameritrade, Crypto & bitcoin, Entrepreneurship, Forex, Online Marketing, Online Sales or fun daily vlogs. Please let me know.
DISCLAIMER: Please note that i do not ask for any information. I always encourage our members to trade ONLY what you understand and never based on anyone's opinion. My videos are for entertainment purposes only.any questions to message me as i would love to be a part of your success.
Bet your buddy has his tail between his legs now ! CORONA VIRUS ITS GETTING REAL ;D
Dude no you don't know
Ayeee fellow Sundevil!
Why buy a house now if you believe the 2020 recession is coming? Buy only when the market has crashed!
this is why people do not want to buy a house right now they don't want to $300,000 house so they might as well wait in anticipation or expectation for the market to drop so they can get a deal like you did.
Ricky, there is no 2020 recession for real estate, bro. Consider the 18 year real estate cycle, which would bring us to 2025 for the buyers market. Look at the Land sales…construction isnt enough to handle the growth. Land is the new frontier, but there is still more demand than supply, and will be for another 5 years. stock market, business market cycle too.
You didn't answer your question u asked in video headline. You rambled about your principles.
Always like your video. Is there any chart for housing price to track?
Why would you buy a house at the absolute top of a market cycle? Makes no sense, wait till it capitulates would be smart advice.
what do you guys think about the real estate for sale in detriot MI? I have seen a lot of cheep houses for sale there. Of course I see a lot of them need work.
Buy SILVER & XRP. Those are the soon winners. We’re skimming the top of the housing market. 0.03 of dollar purchasing power left. The Everything Crash will be around 2021-2022
I will keep saving money and confidently wait until price of houses are becoming right for me. I think recession is coming this time.
You should never buy a house before a great recession. The last one caused 4 million houses to foreclose, 8 million people to lose their jobs, and some have never recovered. If your house devalues by 50%, buying a house would not make sense, especially if you borrow money and have to pay for a house under water.
G
Great advice!
Rickies message: I have nothing to tell you, here is my story but go make your own decisions cuz who the frick knows.
Too early. 📊
I would say that the vast majority of the United States is not in a real estate bubble. However, there are many markets where prices have moved far beyond what the local wages can support. The only reason we have these crazy prices is due to the Federal Reserve doing everything in its power to keep prices high. But the Fed cannot artificially inflate things forever.
I'm in the same boat but you have to make sure the deal make sense no matter what the market that you're in. Focus on the cash flow.
I am about to close my first home in a week. I don't think New York housing market will crash, It's a busy city and demand is high..supply is low in a good neighborhood. What's your thought? Thanks
I enjoyed the video thanks
Made over 500 today on tvix lol sold it and bought back reg stock to see if i can profit tomorrow.
Ricky called it here, the 2025 RECESSION!
this video could've been a 10 second video. simply say "your money you do what you want". lol
NO RECESSION
Thank you 👍👍👍👍👍👍👍
only way to watch these videos is 2x lol
If your answer isn’t “it’s smarter to wait” then you have agreements with people who are trying to get suckers to make foolish decisions so they can pull their money out of the market
Most houses are at reaching it's peek with today's market. I would for sure wait for that drop to play itself out. Risk>Reward. Don't get me wrong you can find deals anywhere. I just don't like playing the house market on a bearish market. I rather take that money put it in a savings account that builds interest till that market becomes bullish. I like to buy when the Dow Jones is between 10k-20k. I could be wrong and it could shoot up another 5k in the next few years. I just prefer to play it safe.
Thanks Ricky for the inspiration, just recently went into the app business and I’m glad I did it. Managed to make at least 8 so far
A recession would honestly be a blessing for those of us willing to invest. There is a lot of money to be made, but that wont stop me from investing now either 😉
Yeah, talk of 2020 recession is just "talk" and "fears" generated by the media.
I cant wait for the recession, the market never dies and always corrects over time, it's the best sale anyone could ask for
Rich people will get richer and poor people will get poorer
If you are an active DEAL HUNTER, let me get a LIKE!