DOOM LOOP: Fed's new rate hike brings it to a 22-year high

[Zachary McDonough]

Alrighty...these seems gloomy. I've been seeing tons of headlines about new highs for rates. People are super scared, but there's one thing that I can think about...

IT WILL BE CRAZY HARD TO FIND DEALS IN 18-24 MONTHS FROM NOW...

Guys, in case you don't know, these high rates will inevitably throw us into some type of recession, minor or not. Some may argue that we are currently in a recession. That's above my pay grade so I won't argue that.

Either way, BUYING IS HARDER NOW...due to high rates, but I assure people want to buy so we have pent up demand.

We as real estate investors know that recession don't always equal housing crisis's or falling prices. According to CoreLogic, the last 6 US recessions have not experienced hardly any price drops (other 2008).

If you're anything like me, you need to buy more houses to keep your business growing. So when I hear these reports, I need to buy now more than ever. In 18-24 months, the rate environment will be different. Lower rates means that buyers will flood the market, raising prices. Buying deals now will make life better later.

But I want to hear what you think. Will prices fall? Are you waiting to buy?

[Jaron Walling]

I'm completely over the idea of a recession. I don't know a single person that believes we're currently in a recession or going into one. All of my peers are traveling, taking vacations, working 9-5 jobs, and SPENDING MONEY. In my opinion the FED is doing a decent job of handling the inflation. That's a mute point though as smart investors don't wait around for government to do something. 

Can you find a market with housing supply going up drastically? Every neighborhood in our market has like 12 houses for sale, and 98% of them don't meet our buy [box] criteria (flip or LTR). We want to BUY but hunt is incredibly hard. These prices are locked in. I don't see much changing in 2023.