123 - Is The 2022 Recession Already Here?
How to Buy a Home: The #1 First Time Home Buyer Podcast
David Sidoni
4.8 • 891 Ratings
🗓️ 1 September 2022
⏱️ 27 minutes
🧾️ Download transcript
Summary
All anyone can talk about these days is the recession. When will it happen? Is it already happening and we just don't know it yet? And for lots of people, this will be a major factor in their decision on when to make that leap from a renter to a homeowner. The truth is you can survive these crazy economic times. Join in as David Sidoni dives deep into all the data to help give you a clear picture on what to expect. It’s okay to feel fear when it comes to the economy because inflation keeps on rising. What you must do is to be prepared for what's going to happen next.
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David Sidoni, the "How to Buy a Home Guy," is a seasoned real estate professional and consumer advocate with over 18 years of experience helping first-time homebuyers navigate the real estate market. His podcast, "How to Buy a Home," is a trusted resource for anyone looking to buy their first home. It offers expert advice, actionable tips, and inspiring stories from real first-time homebuyers. With a focus on making the home-buying process accessible and understandable, David breaks down complex topics into easy-to-follow steps, covering everything from budgeting and financing to finding the right home and making an offer.
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Transcript
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| 0:00.0 | Hello, how to buy a homies. |
| 0:01.3 | Don't believe all the negative headlines when it comes to the 2022 housing market. |
| 0:05.9 | Let me be the only 52 year old to tell you that's cap. |
| 0:09.2 | It's still a hot market. |
| 0:11.2 | Still home prices going up. |
| 0:13.1 | Still massive demand. |
| 0:14.5 | But what about the coming recession that everyone's talking about? |
| 0:18.1 | How is that recession going to affect housing? The logical answer for this |
| 0:22.6 | would be homebuyers to just back up and say, well, I'm going to wait and see. It's time to discuss |
| 0:28.4 | the recession and how it should affect your buying plan. Let's go. Hey, homies, what's up? |
| 0:49.2 | Time to talk about the recession. |
| 0:52.0 | Very exciting. |
| 0:52.9 | Everyone out there has an opinion on the recession. So I'm |
| 0:55.5 | going to do my best to just spit the real facts like I always do and let you make your own |
| 1:00.3 | informed opinion. I seriously have no time for small talk. I've been in super geek mode, |
| 1:06.5 | absolutely hunkered down in the nerd cave, doing tons of research for the last episode on inflation |
| 1:12.6 | and the recession episode gets so heavy I'm actually going to break it up into two parts |
| 1:17.2 | so let's get started what is a recession well a recession occurs when there is less trade |
| 1:23.7 | and economic growth neat Dave what the hell does that mean? All right, let me keep going. |
| 1:28.9 | One standard defining factor of a recession is that we have a declining GDP. That's the gross |
| 1:35.8 | domestic product for two straight quarters. If you are straight up brand new to all this, |
| 1:40.8 | we break the year into fiscal quarters. Get it every three months. So two quarters of the |
... |
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