Seeing Greene: The Real Estate Winners and Losers Of The Next Recession

Abstract

The economy's going to get better and prices are going to keep going up. It's going to get worse and prices are going to keep going down or it's going to stay exactly the same. Their rent is going up, but their wages are not going up and they're not able to make more money at work. That's why I'm getting into the more luxury space, because that's where the people who are going to be traveling haven't been impacted by the economic well is where I think the bottom half is going to. If you know you have an HVAC system that could be going out, the first thing is, can I get a home warranty to cover it? Now, you mentioned it's too old, that's not going to work. In general, if there's no reason to think rates are going to keep going up, I may lean more towards going that road. I'm going to do my first one probably ever myself, but again, it's like an 8/1 ARM. So, I have eight years where I can lock in a better interest rate or I can save the money or I can sell the house and I'm having a ton of equity walking into it. The odds of that going bad for me are going to be very small, but if rates are low and you can, lock them in on a 30-year fix and just be done with it.