as unemployment would be 100% going up next year and higher chance of recession

[Carlos Ptriawan]

it's expected 900% in certain way that unemployment would raise more than current 3-ish to 5-ish next year and higher chance of recession signaling Fed to post 75 bps rate reduction in 2024, question would be whether unemployment would affect residential real estate or not ?

would not surprise if younger kid would go back to live w/ their parent, would not surprise also if househacking would be more relevant as that's the only tools for homeowner to go against job losses ..... life may go to normal in 2025.

[Account Closed]

Quote from @Carlos Ptriawan:

it's expected 900% in certain way that unemployment would raise more than current 3-ish to 5-ish next year and higher chance of recession signaling Fed to post 75 bps rate reduction in 2024, question would be whether unemployment would affect residential real estate or not ?

would not surprise if younger kid would go back to live w/ their parent, would not surprise also if househacking would be more relevant as that's the only tools for homeowner to go against job losses ..... life may go to normal in 2025.

We're going into an election year, they are going to make everything look as rosey as they can. There will be a lot of lies coming out about the economy so don't get swayed, rather believe what you see with your own eyes.