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

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