Inflation from 2023 is coming down from where it was–hopefully to a point where things like groceries can be afforded by families, and that the average business can function. We’ve heard of businesses who had to close because their costs of goods were too high and they couldn’t pass that on to their customers, or it’s affecting their business as a result. The good news is that I think this year, it would turn around.
One of the main reasons why we got into the real estate business was learning how to protect my investments and hedging them against inflation. For me, the answer was real estate, and it still is a great way to protect investments. This is also why we’ve seen a lot of clients invest in real estate with InvestPlus because they want that hedge against inflation as well. And for this year, we’re headed in the right direction.