Hell yea, lol.. I dont know where to post a thread but look at all the tea leaves we will have a recession in 2023 if most dont consider us in one now.. Inflation is out of control and the fed is determined to get it under control, interest rates have gone from just below 3% in beginning of year to 7.75% after fed raised again yesterday. They have another meeting in Dec. 14 where they will raise again and I think at end of Jan. Housing has slowed to a crawl, mortgage applications are non existent and prices are going down across the board.
The next shoe to drop is jobs, everyone points to job report but I think that will start to show cracks early 2023. Once that happens the real mayhem will happen. Im tryna sell my last few flips, I want to be as liquid as possible and would recommend to others, cut price, offer concessions, do whatever you have to to sell and get out while you still can. But thats just me, I dont have 100s of millions potentially. I know the market above 500k in miami is done, but I know the ultra wealthy market operates differently so oh well..