Buying Real Estate

Do NOT BUY A House Until You Watch This | Housing Market 2022 Update

Do not buy a house until you watch this. New intel from Jamie Dimon & Elon Musk reveals why it’s the wrong time to buy a home in this 2022 housing market.

Elon Musk has a “bad feeling” about the economy. Jamie Dimon warns of an economic ‘hurricane” adding to “brace yourself” both of these comments are important to consider before buying a home now in this crazy housing market.

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Jamie Dimon warns of an economic ‘hurricane’ coming: ‘Brace yourself’
JPMorgan CEO: ‘Brace yourself’ for coming economic trouble

JPMorgan Chase CEO Jamie Dimon warned of a looming economic “hurricane” caused by an increasingly hawkish Federal Reserve, rising inflationary pressures and the Russian invasion of Ukraine.

Dimon – who said at the beginning of May there were storm clouds forming on the economic horizon – ratcheted up his warning on Wednesday, citing fresh challenges facing the Fed as it seeks to tame the hottest inflation in a generation.

Read Fox Business Article – https://www.foxbusiness.com/economy/jamie-dimon-warns-economic-hurricane-fed-races-cool-inflation

Lloyd Blankfein, the Goldman Sachs Group Inc. senior chairman, said people should “dial back a bit” on their negativity following a series of corporate warnings on the economy.

His comments came the same day that Elon Musk said Tesla Inc. will cut its salaried workforce by 10%, and Reuters reported that the automaker’s chief executive officer told some managers he had a “super bad feeling” about the economy.

Blankfein article – https://www.bloomberg.com/news/articles/2022-06-03/blankfein-sees-riskier-times-but-economy-may-yet-land-softly

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