All Forum Posts by: Chizitem Ibeneme

In some ways you can just point to a hard and fast number as being bad, like over 10% is a problem for sure. In others it's relative because, say after the Great Recession, everywhere had bad unemployment and you would have been looking for places with the least bad unemployment.

I think 5.3%, while not great, is fine. It's a bit higher than the national at 4.2%, but that's not an extreme difference. If it's a few points higher than the national, then the area is likely economically depressed. In this case, 6% would be concerning and 7% would be bad, more or less.

Thanks a lot for the insight! I appreciate it and will definitely keep that in mind next time

1 Vote

Washington, DC

I was recently looking for deals on Zillow, and I stumbled upon something I liked upon doing some research to find out if thats a good area to invest in. I saw that the area has a 5.3% unemployment rate. So here's the question: is there a rule of thumb for unemployment rate? What's considered good and what's considered bad?

0 Votes

Washington, DC

Great idea! I see you're an expert in Multifamily Investing... Got any advice for someone who's still in college and wants to start rental property investing as soon as they graduate?

0 Votes

All Forum Posts by: Chizitem Ibeneme

Chizitem Ibeneme has started 4 posts and replied 13 times.

Post: What is considered a bad unemployment rate for a city?

Post: What is considered a bad unemployment rate for a city?

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