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In real estate investing, there’s a lot of talk about the future of the market. In fact, there’s been talk of an impending recession for years. And although no one can confidently predict what will happen, today’s guest is an honest and reliable source!
Kathy Fettke is a real estate investor, author, podcaster, and co-founder of the Real Wealth Network. Kathy always has her finger on the pulse of what’s happening in the real estate market. On today’s show, she’s discussing how to make money with a wealth mindset, and what you need to know about the economy. Additionally, you’ll learn about how to make smart choices as an investor, and what to look for in a stable market!
On this episode you’ll learn:
- The signs of a strong economy in 2020.
- What you need to know about building wealth.
- Which markets are the most stable.
- Kathy’s projection for the coming year.
The Signs of a Strong Economy in 2020
There’s a lot of fear mongering in the media when it comes to the state of the economy. Many so-called experts present an argument for a recession without providing any solid data to prove their theory. Kathy explains that how the economy shifts is based largely on the government. And currently, the Federal Reserve has no plans to raise interest rates in 2020—perhaps because of the coming election or in hopes of stabilizing the economy. Mortgage rates are at a historic low, so it’s a great time for the housing market.
What You Need to Know About Building Wealth
Recall some of the wealthiest people you can think of: Bill Gates, Warren Buffett, etc. Their wealth is not largely affected by the state of the economy. They are paying attention to what’s happening, but more importantly, they possess a a wealthy mindset that allows them to create wealth no matter what.
Which Markets Are Most Stable
If you want to invest in a market that is unaffected by market swings, there are a few key indicators you should look for. It’s important to invest where there is job growth and diversity, population growth, and where prices have not skyrocketed. A few examples of these markets include Tennessee, Texas, Mississippi, Ohio, and other midwestern states.
Kathy’s Projections for the Coming Year
Look at the facts and data if you want an indicator of what will happen with the economy. Unplug from the news and stop being swayed by fear-based messages. The truth is, rental demand is up. Due to high rates of credit card debt and student loans, many Americans find themselves with a high debt-to-income ratio. This keeps many prospective homebuyers renting, and Kathy says this trend could continue not only this year, but the entire decade.
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