Ep. 49 - Inflation News: A Mixed Bag of Recessions and Real Estate Booms
Investors and homebuyers are in for a roller coaster of a ride after hearing about the recent CPI readings! But despite some of the doom and gloom, the real estate market may be in for a boom. In this episode, you’ll get new revelations based on the recent inflation report and find out why these decreases in inflation may be short-lived. We explain the different components of the CPI index and offer valuable insights into elements like low inventory, high demand, and increased prices in the real estate market. This episode is a must-listen for prospective buyers and anyone interested in staying informed about these critical economic indicators.
Tune in for more insights on this mixed bag of inflation and the URGENT opportunities presenting themselves in the real estate market.
[00:01 - 06:33] Break down of the inflation report showing a decrease in the CPI index, and a potential purchase frenzy in the real estate market
[06:34 - 12:34] Rising debates on the accuracy of inflation measures and potential impact on Federal Reserve decisions
[12:35 - 18:00] Experts predict downward pressure on shelter costs in the coming months, leading to better inflation readings
[18:01 - 25:28] Real estate market booms on the horizon with high demand and limited inventory ( How to focus on accumulating wealth)
[25:29 - 32:13] Important PCE, credit card debt, and recession news coming soon
Quotes:
"The perfect storm is starting to happen here, which is going to ultimately lead to prices going up." - Quinton Harris
“This is like a fighter getting ready for the fight, and they lose all their water weight. Their weight is changing because the water weight is fluctuating, not because they’ve actually lost any weight per se. Energy prices are like water weight.” - Alex Stewart
“You can no longer be a ‘headline’ consumer; you have to actually go a little bit deeper.” - Alex Stewart
"When we say inflation's down to 5% or shelter costs are down, compared to what they were, that does not mean that the cost of housing is going down. It just means it's going up slower. And so that is what people are celebrating." - Alex Stewart
"Don't let a good thing pass you by because I do believe along with you; this is a short-lived run. You're probably going to see three, four months of it, and then that's it."
"The greater focus is, ‘how do we help them accumulate another home? How do we help them accumulate that wealth through real estate?’" - Quinton Harris
Resources Mentioned:
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