How important are Macro concerns

[Brandon Cho]

I'm just wondering how important macroeconomic events are in the real estate world and how much people take them into account. For example, China's rise in GPD and BRICS, debt-ceiling raised for another two years, incredibly high inflation, etc. 

[Michael Dumler]

@Brandon Cho, long story short, I would say it's important to study and take note of macroeconomics but do not let this lead to analysis paralysis. Generally speaking, when the legendary investor Warren Buffet picks stocks to invest in, he does so by analyzing the business itself and treads lightly when listening to economists. The same can be said for real estate investing. Focus and analyze on the deal itself while gauging your economic judgment accordingly. All being said, if you plan to hold for the long run, studying economics can almost be a waste of time.