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Updated almost 7 years ago on . Most recent reply
![Brie Schmidt's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/169342/1621421059-avatar-chicagobrie.jpg?twic=v1/output=image/crop=500x500@0x0/cover=128x128&v=2)
Will there be another recession?
Are we going to have a recession this year? Historically, every time we see low unemployment it is followed by a recession
Now we hit a 17 year low for unemployment rate, so what does that mean?
So will it happen? What will be most effected? Is it going to be another housing crisis? or will it hit stocks? manufacturing?
I don't know the answers, but would like to learn what others think is going to happen, if it does.
#BPDebate
- Brie Schmidt
- Podcast Guest on Show #132
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Most Popular Reply
![Russell Brazil's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/120988/1621417798-avatar-russelltee.jpg?twic=v1/output=image/crop=303x303@52x0/cover=128x128&v=2)
100% chance we hit a recession at some point, but who know when that will be. We are currently in the 2nd longest bull market ever....however it would need to run almost 5 more years to be the longest ever.
Prices will soften when we hit a recession, but nothing like we saw a decade ago. I believe that was a once in a lifetime event.
- Russell Brazil
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- (301) 893-4635
- Podcast Guest on Show #192
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