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Message: <blockquote data-quote="wjschmaltz" data-source="post: 352742" data-attributes="member: 6150">I won't say I'm excited about it, but I've been waiting and preparing for this opportunity for several years now. Our mortgage plus utilities equal about 15% of our income and that's our only payments/debt so we're sitting very cash heavy and luckily both have recession proof jobs. Got 3 freezers full of meat so we're all set there too. I'm on the lookout for someone that needs to get out of a pickup or jetboat fast and swooping in for a cash deal. The one downside is I was hoping to buy/build a couple duplex houses in 2023 and that won't be happening with +8% rates. Maybe they will come down enough that it can even out with enough cash down. I saw this chart the other day and it really speaks volumes to the direction we're heading. [ATTACH=full]54690[/ATTACH]Strictly because of the current economy, I think the republican party comes out of this election with 53-55 senate seats and picks up 30+ house seats. To be honest, I'd be willing to pay a little extra in gas and groceries over the next couple of years until election 2024 if it means that we could get that senate majority close to 60 and house close to 50 along with a decent president. That may be what it takes to right this trainwreck. I keep a very close eye on the real estate market for deals. At least in our area they are coming down. You can go on realtor.com and almost every house has a down arrow next to it indicating a recent price drop.  And very few houses are selling.The people I feel for are the ones that planned to retire in the next few years. That’s gotta be depressing.</blockquote>

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