Forum Discussion
T18skyguy
Oct 02, 2022Explorer
Cincy Steve wrote:
Our financial advisor, who also owns a DP, predicted 6 months ago that ‘22-‘23 would be a buyer’s market. ??
I believe so. Interest rates will probably take another jump and it appears that a sharp downturn in the economy will take hold by December or January. Add to that the people that are already over-leveraged and it may be folks will not be buying as much, but also dumping rigs they can no longer afford. And that doesn't include layoffs that are starting to ramp up. Facebook is quietly laying off 10% of it's workforce.
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