Debt Free In 30
292 – Debt, Frozen Real Estate, Cancelled HELOCs, and a Guaranteed Recession with Ben Rabidoux
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:55:14
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Sinopsis
Ben Rabidoux was the guest on podcast episode 266 in October 2019 where he correctly predicted lower interest rates, deflation and a weakening economy, and that was even without t foreseeing COVID-19. On today’s show he has many new predictions, including: Lenders will, very soon, lower HELOC borrowing availability, and likely convert HELOCs to regular loans requiring payments of interest and principal each month. He also predicts that residential rents will fall by 10%, and perhaps more in many markets. Many investors in second mortgages will be wiped out. Population growth will slow dramatically, and that, combined with a 95% reduction in Airbnb bookings will reduce house prices (but not immediately, because the real estate market is essentially frozen, with less buying and selling). It's a jam-packed episode with lots of insight and probably our longest show yet. Enjoy! Time Stamps (if you want to skip ahead) 4:37 – The numbers are staggering; employment insurance claims could be as much as 20 times nor