Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

75
Posts
19
Votes
Susan V.
  • Investor
  • Menifee, CA
19
Votes |
75
Posts

Thinking about economic downturn?

Susan V.
  • Investor
  • Menifee, CA
Posted

Anyone afraid of supposed economic bust similar to 2008 - 2013? What are you doing to prepare?

Most Popular Reply

User Stats

1,358
Posts
1,323
Votes
Levi T.
  • Rental Property Investor
  • Tucson AZ / Nice FR
1,323
Votes |
1,358
Posts
Levi T.
  • Rental Property Investor
  • Tucson AZ / Nice FR
Replied

I'll never understand why everyone looks for another crash right after the last one.

It's as if one has wrecked their car, just got it back from the mechanic, and as they drive off the lot, they start preparing for another crash.

There is no crash currently happening, there's not going to be another nationwide housing crash.

If by some crazy chance it does, guess what, if your in or out, it don't matter, your bankrupt with 99% of the rest of the county.

If your in a state that people say it's crazy on everything they do. That's a nice way of saying your state has bad economics, is screwing up, and at some point one of two things will happen. It's going to go bust, or there will be a long period of depressed growth while other factors help stabilize the crazy (bad) economics of that state.

Loading replies...