178: Jobs Grow, Unemployment Plummets, But Americans STILL Bearish on Economy

On The Market

BiggerPockets

News, Investing, Business, Education

4.8 • 820 Ratings

🗓️ 11 January 2024

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Americans are convinced that today’s economy is bad…really bad. In fact, many of them think that this is the worst economic period in US history. Are they right, or are they just historically challenged? In today’s show, we’re going to touch on the good and the bad happening in the economy, from new job numbers to negative economic sentiment, corporate landlords who want you to live at work, and whether or not buying a house in 2024 is a smart move to make. With so many economists only a few short months ago predicting a recession in 2024, a surprising new jobs report has been released showing something nobody would have expected. Is this good for employees, or does this bring more power to the employer? Speaking of employers, how would you like Elon Musk to be your landlord? Well, if you work for Tesla, SpaceX, or The Boring Company, this could be your reality. And, if you’ve been on the fence about buying a home, our investing experts go through the pros and cons of purchasing in 2024. With less competition and rates forecasted to drop, now could be the final time to get a steal on your next real estate deal. But is locking in your price now your best bet? Stick around to find out! In This Episode We Cover: New jobs data and whether wages are growing, shrinking, or staying stagnant for Americans “Labor hoarding” and why top companies are paying to keep workers on call Why younger Americans believe now is the “worst economy in US history” The re-emergence of “company towns” and how Google, Meta, and Elon Musk could become your next landlord Why expert investors are buying now BEFORE mortgage rates go down And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram Henry's BiggerPockets Profile Henry's Instagram Here’s What the U.S. Consumer Tells Us About the State of the Economy Articles Mentioned in This Episode: Jobs Report Company Towns Buying in 2024 Home Prices Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-178 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Hi, everyone. Welcome to On the Market. I'm your host, Dave Meyer, joined today by Henry
0:13.3	Washington, Kathy Fecky, and James Dainerd. It's good to see you all. First time we're all back
0:19.2	together after the new year. I hope you all had a wonderful break. Kathy, did you do anything fun? Oh, well, I hosted 20 people for four days. So, sure, it was fun. That sounds very ambitious. Well, James, I know you're in Australia. You're looking very tan. Glad to see you. I am not happy to be back. I would
0:39.1	have stayed over there in Australia, but I am happy to get on by 2024. And Henry Washington.
0:46.6	Henry, did you do anything fun over the break? I did. We actually took the kids to Pensacola, Florida.
0:54.1	Every year, my dad goes out there and rents a place,
0:58.3	and then my sisters and her kids fly in, and we bring our family. And so we all hung out for the
1:04.3	new year and had a good time. My sister has four boys, and she's pregnant with her fifth child.
1:10.3	And I have two girls.
1:12.3	And I learned that girls and boys are different.
1:16.7	Yes, they are.
1:18.0	That energy is impressive.
1:21.3	So maybe you're happy to be back.
1:23.7	Yes.
1:24.3	It was chaotic in the best way.
1:29.3	But it was fun to watch.
1:31.1	You got to watch your breakables for sure.
1:35.1	I'm glad you all got to spend some time with your families.
1:46.1	And now we're back to pick off the year with one of our headline shows to sort of cover some of the news that has gone on over the last couple of weeks as well people were off for New Year's.
1:48.6	Today we're talking about four very important and interesting news stories.
1:53.0	We're going to talk about recent labor market data.
1:55.3	We'll talk about the negative sentiment that seems to be pervasive across the American economy, corporations building towns
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from BiggerPockets, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BiggerPockets and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.