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Updated almost 6 years ago on . Most recent reply

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Gadiel Del Orbe
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Warnings of Recession

Gadiel Del Orbe
Posted

I'm currently renting in Los Angeles and the rents are super high. I want to buy a property, but I am a little afraid especially after the treasury department said we are looking at early signs of a recession. I was working on buying a duplex for my first property, but the news stopped me. What should I do? Should I wait to see what happens? or Should I still buy? As a first-timer what do you recommend I do?

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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

If you dont have the courage to buy during the hottest economy ever, why do you think you will have the courage to buy during a recession?

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