146: 4 Economic Triggers That Could Send Us Into a Recession
43:50 Share

A** 2024 recession) looks a lot more likely** than it did just a few months ago. While many Americans were hoping for a “soft landing),” that might not be what we get as the economy hits a breaking point. With the **government **only temporarily saved from a shutdown, auto workers going on **strike **for cost of living adjustments, student loans resuming, and **oil prices **skyrocketing as production slows down, we may be forced to enter into a recession.

On the flipside, GDP remains strong, Americans are still spending, and unemployment) is historically low. While this could quickly change, it begs the question: is the American consumer stronger than** high **interest rates), rising prices, and the threat of an unknown future economy? We brought on the full On the Market panel to give us their take on where we’re heading and which economic threats could bring down the economy.

We’ll get into the nitty-gritty of the recent UAW strike that is putting a bottleneck on transportation, the government shutdown that risks millions going unpaid, student loan)** resumption** that could force Americans to forgo optional spending, and an** exacerbated oil price increase **that is hurting the everyday American (and especially Californians).

In This Episode We Cover:

Four economic factors that could **force us into a 2024 recession **

NAR’s recent scandal and why Redfin has decided to finally cut ties

Student loan payment resumption and a massive cut in Americans' discretionary spending

The UAW strike that could hurt traditional car manufacturers even more

A **looming government shutdown **and the direct effects it has on the markets

**Increased oil prices **and why your deliveries, **construction **projects, and renovations could **cost even more **

And So Much More!

Links from the Show

Find an Agent)

Find a Lender)

BiggerPockets Forums)

BiggerPockets Agent)

BiggerPockets Bootcamps)

Join BiggerPockets for FREE)

On The Market)

Join the Future of Real Estate Investing with Fundrise)

Connect with Other Investors in the “On The Market” Forums)

Subscribe to The “On The Market” YouTube Channel)

Dave's BiggerPockets Profile)

Dave's Instagram)

James' BiggerPockets Profile)

James' Instagram)

Henry's BiggerPockets Profile)

Henry's Instagram)

Kathy's BiggerPockets Profile)

Kathy's Instagram)

Is College Worth the Cost? w/Preston Cooper)

Why the Fed is Steering Us Straight Towards the Next Great Recession)

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-146

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]).

Learn more about your ad choices. Visit megaphone.fm/adchoices)