Who鈥檚 Ready for a Recession 2020?

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Jay HinrichsBusiness Member
Real Estate Consultant 路 Summerlin, NV 路 Member since 2014 路 45k+ posts 路 66k+ votes
7y

Maybe maybe not.. election year Trump wont let it happen

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  • Account Closed
    Rental Property Investor 路 Brooke Park Drive 路 Member since 2018 路 1k+ posts 路 2k+ votes
    7y

    One of my rentals before recession:

    One of my rentals after recession:

    4Reply
  • Ola Dantis
    Multifamily Syndicator 路 Houston, TX 路 Member since 2016 路 1k+ posts 路 2k+ votes
    7y
    Originally posted by @Marisa R.:

    Damn, if only I could afford one of these

    https://www.google.com.au/amp/...

    Billionaire bunkers: How the 1% are preparing for the apocalypse!

    Now, this is a great way to spend time away from all this recession talk! 馃馃馃

    0Reply
  • Thuy N.
    Fort Worth, TX 路 Member since 2017 路 12 posts 路 4 votes
    7y

    @Jazlynn Gibbs super ready for it, can鈥檛 wait for home prices to come down, it鈥檚 like shopping at clearance!

    0Reply
  • Tony Blasioli
    Rental Property Investor 路 Denton, TX 路 Member since 2018 路 37 posts 路 44 votes
    7y
    Originally posted by @Wayne Woodson:

    Yes! Sell me your house now because next year it will be less than 50% of what it is worth. I can pay all cash and close quickly.

    If you actually believe what you are saying, then that doesn't make you very smart, does it?

    0Reply
  • Roni E.Pro Member
    Specialist 路 Earth 2.0 路 Member since 2019 路 598 posts 路 271 votes
    7y

    A market correction is on the horizon when unkown. I would continue to do your underwriting correctly, build up reserves, and have a contigency budget. 

    0Reply
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