Record High Defaults on Storage Units – What This Means for the Economy and You! | 1307

Epic Real Estate Investing

Matt Theriault

Education, Business, Investing, How To

4.8 • 955 Ratings

🗓️ 20 June 2024

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this compelling episode, the host dives deep into the current economic landscape, revealing a stark reality often overlooked amidst positive headlines. Despite low unemployment rates and a booming stock market, many Americans are grappling with overwhelming financial burdens. From skyrocketing debt and unattainable housing costs to families resorting to living in storage units, the podcast paints a vivid picture of economic hardship across the nation. Listeners will hear gripping stories of individuals facing financial distress, including defaults on storage units in Las Vegas—an alarming indicator of the economic strain felt on the ground. The episode not only sheds light on these pressing issues but also explores their ripple effects on businesses and the broader economy. Amidst these challenges, hope emerges through innovative solutions discussed on the podcast. From the rise of digital banks and budgeting apps to strategic investments in real estate and the stock market, the episode offers practical insights for navigating these turbulent financial waters. It also underscores the critical importance of financial education and resourcefulness in securing a stable and prosperous future. Tune in to gain a deeper understanding of the economic realities impacting millions today, and discover actionable strategies to thrive in an uncertain financial world. This podcast is essential listening for anyone looking to grasp the true state of our economy and take steps towards financial resilience. P.S. Whenever you're ready to go deeper and further with your real estate investing, looking into my partner program to help you get your first deal might be the move... take the first step here for free 👉 https://epicearnwhileyoulearn.com/ Sponsor: Baselane - Banking Built for Real Estate Investors Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Terrio Media.
0:05.0	Hey, strap in.
0:07.0	It's time for the epic real estate investing show.
0:10.0	We'll be your guides as we navigate the housing market, the landscape of creative financing
0:14.4	strategies and everything you need to swap that office chair for a beach chair.
0:18.8	If you're looking for some one-on-one help, meet us at re I.com.
0:23.0	Let's go, let's go, let's go, let's go, let's go.
0:27.0	Let's go.
0:28.0	The economy, it's a bit chaotic these days.
0:31.0	You know, many Americas are struggling with rising debt,
0:34.5	unaffordable housing, and rapidly increasing costs of living. You know stories from
0:40.4	across the country they really highlight a troubling friend.
0:43.2	People are falling behind on their bills, they're defaulting on loans and
0:47.6	facing financial instability left with really desperate decisions.
0:51.6	You know take this example of a storage facility here in
0:55.0	Las Vegas. I've got a buddy here that that all is a few and he says he's seeing more
0:59.2	defaults on their
1:05.0	faults on their units than he's ever seen. And you gotta wonder,
1:04.0	is it the, is this just the tip of the iceberg when people start abandoning their possessions?
1:09.0	And the job reports that came out yesterday through,
1:12.0	and I went through the the roof the stock market is
1:14.4	thriving unemployment numbers are low the GDP is positive the median price for a house continues to
	...

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