The White-Collar Recession Means More for Real Estate Than You Think
The next recession is already here. You may not see it, but you definitely feel it. Companies are quietly letting go of dozens or hundreds of workers at a time, interviews are getting harder to land, and those around you who made the most money are suddenly just trying to get by. This is the “white collar recession”—and a new report could prove that it’s about to get much more severe. And what happens when the highest earners, those who buy homes and can get approved for mortgages, suddenly vanish from the housing market? The impacts could be widespread, and a permanent shift in real estate could be on the horizon. Today, we’re unpacking it all—which jobs are most (and least) at risk, what will happen to the housing market as high-income earners lose their salaries (and ability to buy homes), and the markets most reliant on these types of white-collar jobs. But it’s not all bad news. New opportunities could be emerging in select markets as a few major industries see stability, and one type of investment property becomes the most sought-after of all.
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Show Notes
The next recession is already here. You may not see it, but you definitely feel it. Companies are quietly letting go of dozens or hundreds of workers at a time, interviews are getting harder to land, and those around you who made the most money are suddenly just trying to get by.
This is the “white collar recession”—and a new report could prove that it’s about to get much more severe. And what happens when the highest earners, those who buy homes and can get approved for mortgages, suddenly vanish from the housing market? The impacts could be widespread, and a permanent shift in real estate could be on the horizon.
Today, we’re unpacking it all—which jobs are most (and least) at risk, what will happen to the housing market as high-income earners lose their salaries (and ability to buy homes), and the markets most reliant on these types of white-collar jobs.
But it’s not all bad news. New opportunities could be emerging in select markets as a few major industries see stability, and one type of investment property becomes the most sought-after of all.
In This Episode We Cover
The “white collar recession” and the jobs most at risk due to AI
Why this time it’s different, and a recession may be inevitable
How the housing market will permanently shift as homebuyers lose their income
The most stable housing markets with the best employment potential
One type of investment property every investor needs to keep an eye on (demand could rise)
And So Much More!
Links from the Show
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On The Market 401 - Off by Nearly 1 MILLION Jobs? Why New Jobs Report Will Impact Real Estate
Grab the Book, "Recession-Proof Real Estate Investing"
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-407.
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