always seems to me all the "experts" talking heads miss every major crash, and rebound, ... then so many will take credit and offer bs advice.
My experience is with the Do Nothing plan...I'll stay where I am through the financial -storm, Ill cut out more food and entertainment because the house payment will increase again. I'll turn the Air Conditioner off more and more and travel and shopping will remain zero. The house is the thing. Its not a good time to do anything, the Do Nothing Plan works for me. Its too late to refi or move money out to somewhere else....the Experts are supposed to do that BEFORE the Loss, not after! lol
Northwest and California Money-Men, moving to Texas, Arizona and Colorado...
Been strange recently, I see the new neighbors moving in and think ":wow they just paid $500k for a 30yr old house that was cheap tract home $100k in 1994?" Theres like 3 or 4 of us original settlers here, getting old, dying off.
A lot of low paying jobs have jumped from $7 hr to $15-$18, because they cant afford their apartments working $7 hr and quit and move home. No one wants to move home it seems, but they cant afford when the Corporate Landlord raises the lease from $800 month to $1800month... so the companys come here, and soon are paying California prices all over again? lol... Supply and Demand...the builders are booked up backlogged 8months to a year.
So yeah...Landlords are making a fortune by tripling rent prices! for the new comers.
the portfolio....one talking head said its to be expected, inflation followed by recession, its happened over and over and over, the cycle of the economy...like the cycle of the weather.
best of luck to everyone. maybe write some Recession Songs? the COVID songs are out of fad now...move it on over...Recession Dog is moving in!