Many economists are predicting higher inflation in the years to come, so it’s important to make sure your $$ is growing as prices inflate.

Economists say that a balanced market should have about 6.5 months of inventory.)

But I'm no economist.

Economists on both sides of the coin agree that rent control is not the way to go....Since I can't draw a supply/demand sketch on bigger pockets, I might be able to attempt to explain the general principle behind it.Rent control is an artificial price ceiling set by regulatory bodies (government). 

Economists project this year appreciation will be closer to 8% and again next year in 2022.

I have a close relative who works in the legislature here in CA, and they have told me that the legislative committees do not consult accountants or a diverse set of economists to figure out downsides to their policies.

Economists say the true level of joblessness is several points higher.

Lawrence Yun, NAR chief economist and senior vice president of research, unveiled the consensus forecast today during NAR's second annual Real Estate Forecast Summit.The group of experts predicted:Gross Domestic Product growth of 3.5% in 2021 and 3.0% in 2022;An annual unemployment rate of 6.2% next year with a decline to 5.0% in 2022;Average annual 30-year fixed mortgage rates of 3.0% and 3.25% for 2021 and 2022, respectively;Annual median home prices to increase by 8.0% in 2021 and by 5.5% in 2022;Housing starts of 1.50 million next year and 1.59 million in 2022;The share of the U.S. workforce working from home to be 18% in 2021 – down from 21% in 2020 – and 12% in 2022; andSmall declines in office and hotel vacancy rates in 2021, with a slight increase in retail vacancies next year.When asked if the Federal Open Market Committee will change the federal funds rate in 2021, 90% of the experts surveyed said they expect no change in the current rate of 0%.

This combined with the buyers market will mean sellers will be more open to creative deals and owner financing.I suspect rent rates will stagnate near the mid to top of the market but due to demand, low income rates will continue to go up.I suspect demand for low income rental units will skyrocket as the economy slows or stalls.For me, this plays into my low income model because all of this will create higher demand for low income housing and allow me to bargain shop for value add mobile home parks to buy cheap and with cheap owner financing.But, I'm not an economist and this is just my 2 cents.

However, economists estimate true unemployment is several points higher because the official jobless rate doesn’t include over 4 million people who left the labor force last year.