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Updated over 7 years ago on . Most recent reply

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75
Posts
19
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Susan V.
  • Investor
  • Menifee, CA
19
Votes |
75
Posts

Thinking about economic downturn?

Susan V.
  • Investor
  • Menifee, CA
Posted

Anyone afraid of supposed economic bust similar to 2008 - 2013? What are you doing to prepare?

Most Popular Reply

User Stats

1,358
Posts
1,322
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Levi T.
  • Rental Property Investor
  • Tucson AZ / Nice FR
1,322
Votes |
1,358
Posts
Levi T.
  • Rental Property Investor
  • Tucson AZ / Nice FR
Replied

I'll never understand why everyone looks for another crash right after the last one.

It's as if one has wrecked their car, just got it back from the mechanic, and as they drive off the lot, they start preparing for another crash.

There is no crash currently happening, there's not going to be another nationwide housing crash.

If by some crazy chance it does, guess what, if your in or out, it don't matter, your bankrupt with 99% of the rest of the county.

If your in a state that people say it's crazy on everything they do. That's a nice way of saying your state has bad economics, is screwing up, and at some point one of two things will happen. It's going to go bust, or there will be a long period of depressed growth while other factors help stabilize the crazy (bad) economics of that state.

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