To Buy Now or To Buy Later...That is the question.

22/07/2022 30 min Temporada 1 Episodio 23
To Buy Now or To Buy Later...That is the question.

Listen "To Buy Now or To Buy Later...That is the question."

Episode Synopsis

What's happening in our economy, find out what the experts have to say we're going to talk about that. And first, we're going to start with our numbers. Yes, I think this is important. And it's actually, man, it's an interesting time right now, the jobless claims. You know, one of the things that people don't understand, especially the media doesn't understand is what all these economic numbers actually mean.I've heard it said I think it was the governor of New York or somebody I can't remember who said, Well, how can we have a recession or going into recession, look at our job, you know, look at our job, jobless claims, look at what's going on there. What he doesn't understand, or anybody who says that doesn't understand is that the jobless claim, that the recession starts after jobs hit the bottom for the lowest level of good. And then turn the other way. And that's when we're, that's generally when you see that's just another indicator that we're going into a recession along with all the other indicators we're seeing. So jobless claims were up this week, they were the four-week average was 241,000. This week, we were 251,000. Last week, we were 246 or something like that, I can't remember the exact number. But that's increased. Then, continuing claims have also increased, it's at 1.384 million. And last year, or last month, it was last week, it was uh, I don't remember, it was quite a bit less than that it was 1.35 or something like that. I just can't remember; I don't remember the exact number. The other part of this of the unemployment situation as we look at it, there's, there's something called a household survey. And when they put out these numbers, it's there are two ways that they get these numbers, they look at what they’re what, you know, these respondents say, and then they actually talk to people. And it's called the household survey and the household survey actually showed that we had a 350,000 increase in loss of jobs. However, we had 353,000 people who left the labor force and for people who don't realize what that means after a month of you stop working, you have not applied for another job.Right. So if and this is what we saw through the recession, I mean, I just saw what happened. I met my friends, half of our friend’s in-laws halfway between us, which is Kokomo. Well, we went to go to Pizza Hut. We're like go sit down Pizza Hut. We'll order pizzas and, and visit for a little bit. We will walk through the first door, sign on the door only drive-through and carry out not enough. Not enough help. Are you kidding me? Your Pizza Hut. Luckily, there was another one and they opened up. But you know how many people we saw the lady who helped us was actually making pizzas. But she did the smart thing people want to sit just say, hey, look, we're short-handed. We'll be with you. Just keep in mind that if you have questions, let uConnect with Us:For more episodes of Indy's Real Estate Gurus, visit IndysRealEstateGurus.com. Join our community for more insightful real estate discussions, tips, and expert advice. Don’t forget to subscribe to stay updated on the latest episodes! Follow Us on Social Media: Facebook: Indy's Real Estate Gurus Twitter: @IndysREgurus Instagram: @indysrealestategurus Contact Us:Have questions or want to get in touch? Email us at [email protected] or call or text us at 463-223-9592. We love hearing from our listeners! Support the Show:If you enjoy the podcast, please leave us a review on your favorite streaming platform. Your support helps us grow and reach more real estate enthusiasts like you!

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