The Great Real Estate Recession Still Coming
This is Kris Kirschner, doing a special post in Wendy's blog. I am not writing this to ask you to part with any of your money. I asked Wendy if I could forewarn you about an urgent matter that a lot of investors are talking about that if you don’t understand it, it’ll affect you, your family, your friends and your future.
There’s a lot of serious talk about another real estate bubble from a lot of economists and in Harry S. Dent’s book “The Great Depression Ahead.” Although the information can be frightening, I want to hit it head on and tell you what no one else has or wants to talk about. It’ll seem crazy, but let me assure you that there is a sure-fire way to use this recession to your advantage. Everybody agrees that the greatest wealth is created during down times; so here’s what I mean.
As a result of the current economic depression and expected continued increase in foreclosures we may see a 2nd real estate bubble or real estate recession. Because of that, I have permanently changed the way I invest in real estate and you should too. In fact, Wendy and I are doing this “teaching only webinar” with you to share the solution to what many investors wrongfully believe is a no-win situation. That couldn’t be further from the truth.
I do have to tell you that I am making some major adjustments as a result of what I have learned from the economists and my intention is not to frighten you. Here are just two of the changes I am making for a 36 month period. I am selling my personal residence in Georgia that I did not intend to retire in as soon as possible as well as my land on the Gulf of Mexico before 2010.
If you're wondering why I would do that and what I'm talking about, here it is in a nutshell. This email from me is to forewarn you that a few very reputable economists (like Harry Dent) are predicting a longer recession and real estate bubble starting 6 months from today and lasting close to 3 years!
It will initially look like everything in the economy including the stock market is getting better but I have looked at all the facts and statistics and I have to agree with them that after an initial positive outlook, the market and real estate will make one last CORRECTION, especially in certain markets and certain aspects of real estate investing! You need to know what these are!
During the Great Depression of 1929 there were 7 spikes where everyone thought all was well and on the way back but there continued to be crashes from 1929-1933. The good news is that a whole lot of millionaires were made during that time because they knew exactly what to do and how to profit! We’re in a similar situation now because we have real estate, commodities and the stock market (yes, just watch) all about to deflate simultaneously so you need to make some real adjustments RIGHT NOW!
Don't get me wrong, there WILL be ways to prosper in real estate but not if you don't know what they are and what to do. As a result, I have decided to permanently change how I invest in and teach real estate and I asked Wendy if I could share with you exactly what the economists’ say is going to happen and what you should do right now to profit. Wendy and I will be doing a special webinar on the Great Real Estate Recession Ahead exclusively for her guests on Thursday October 29th at 8:00 p m EST. This will be 100% content webinar and you’ll want to sit and listen very closely for 55 minutes. Keep reading for a quick recap of what I’m talking about.
Those real estate investors that work for a living or own their own business are praying the economists are wrong and that the market doesn't continue to fail because if they lose their jobs or their businesses in the continued recession ahead they won't have a way to support themselves or their families.
Worse yet, they may have made a few bucks when the real estate market was good, but they never learned how to prosper in a declining market. That's not good because if the economy doesn't recover and unemployment hits 15% they won't be able to fall back on real estate for fast cash either.
Tens of millions of people are reducing their spending habits (you probably are too) employers are reducing their payrolls, and the demographics and age of the baby boomers makes our economy ripe for another real estate recession. I know you might be thinking that it's a little late for this warning but that can't be further from the truth.
We have just witnessed the greatest housing bubble in more than a century, and possibly ever, in the United States and major cities around the world. Some, including me believe this upcoming real estate bubble may continue to deflate until most single family houses get back to their original values that they started increasing at in 1996 just like what happened in Japan not too long ago.
That means there will be an incredible impact not only on the banking system as projections call for thousands of banks to go under, but also many other specific parts of your real estate investment business that you should know about now; even if you work for a living or own your own business and are not a full-time investor.
I don’t want you to miss what I’ll tell you on this one-time only webinar Thursday at 8:00 pm EST that you have to do immediately because I believe it is 100% true! Worst case scenario, the economists and I are right and you were well prepared and know exactly what to do and how you can still profit while foreclosures continue to skyrocket and the market values drop as predicted; best case scenario, it the market stays flat and you become an expert at how to make money in a flat or declining real estate market.
Wendy and I will be doing this special 55 minute call one-time only this Thursday October 29th at 8:00 pm EST so I can explain it all to you. On this call you'll see exactly what will be impacted by the continued recession ahead, what you need to do right away and where the silver linings and greatest opportunities are for you to succeed as you invest in real estate.
Be there on Thursday,
Kris Kirschner
P.S. – This is a 100% content call only.
Click here to register now for the FREE webinar
https://www2.gotomeeting.com/register/582785938
Thursday, October 29
8:00pm - 9:30pm - Eastern
7:00pm - 8:30pm - Central
5:00pm - 6:30pm - Pacific