All Forum Posts by: Hobie Day

@Tim Swierczek I agree with you that the financial markets will cause the crash but real estate will still be affected, just not as badly as 2008. From what I’ve read and listened to, corporate debt will be the catalyst to this upcoming recession. While you can’t say for certain a recession is coming, I think it is highly probable that one is coming. The fact that both the 2-year and 10-year treasury yield have inverted helps back this highly probably claim. Real estate will still be a good play, along with a significant cash holding to take advantage of the pullback in the markets

@Jazlynn Gibbs I just read Aftermath by James Rickards and he paints a good picture of what the financial landscape will look like after this next recession, and it also provided for me a solid history lesson on the financial markets. Definitely would recommend looking into his book if you’re worried about where we’re heading in the next year. I first learned about him and his book on the Rich Dad Radio Show which his podcast episode aired in July I believe.

@Anthony Blackburn Brookside is a very desirable area in Stockton for families. To me, it seems like a lot of families use living in Brookside as a social status which may help drive the price up

Awesome @Tom Fuerte - Hope the rehab is going smooth! If you need another contractor for future projects, I have a GC that I got referred to.

I’m in escrow on my first property which is in Stockton as well! It’s a 2-unit property a couples blocks from UOP that I’m planning on house hacking.

Also, if you need any recommendations on other areas in Stockton to invest in then let me know! Most of the area by Stockton Golf and Country Club isn’t the safest, but there are a few pockets of good areas. I grew up in Lodi but am very familiar with Stockton.