Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Market Trends & Data
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago on . Most recent reply

User Stats

18,207
Posts
15,644
Votes
Chris Seveney
  • Investor
  • Virginia
15,644
Votes |
18,207
Posts

Are you tired of everyone predicting whats next? If so read this

Chris Seveney
  • Investor
  • Virginia
ModeratorPosted

As the post mentions, I am exhausted reading posts from everyone trying to predict what is going to happen next. Many on the hopes that they are right and can refer back to the post to gain credibility. The reality is these prognosticators are basing this on a single event such as interest rates right now because that is the easiest thing to talk about or the perception of lack of supply. 

Here is the truth people, there is this thing called chaos theory. What is chaos theory, a great example is we can predict weather for a few days in advance but not months - why? because there are so many factors that come into consideration that one minor event or change can have a huge impact on the future. The same goes for the economy and real estate. Stop trying to predict what will happen and spend more time focusing on your business and yourself over the next 90 days. At the end of the day it is usually not what someone else does that has the greatest impact on you but what YOU do and how you prepare for those potential roadblocks ahead. Now this does not mean to ignore what is going on or any warning signs (which there are many), as those who did not follow the warning signs in 2020 about inflation and interest rates and bought on variable rates are effed. 

My recommendation is for data you want to look at, look at what the largest companies are predicting and how they are adjusting their business. You will realize what they are doing vs. what everyone seems to be doing on BP are two very different plays.

PS: My prediction for next year is interest rates will be in the range from 0-100%, home prices will fluctuate somewhere between 0-99% in each direction 

  • Chris Seveney
business profile image
7e investments
5.0 stars
16 Reviews

Most Popular Reply

User Stats

4,908
Posts
13,015
Votes
Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
13,015
Votes |
4,908
Posts
Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
Replied

Amen.  The forums are full of talk about the "the market" and devoid of discussions about real acquisitions.  Nobody smart cares about what other people "think is going to happen"...they care about what we are "doing" with our own savings.

Loading replies...