Being successful in a down economy

[Ben A Snyder]

With the market being so hot and lucrative in so many areas, I'm very inclined to save and not buy in an overpriced market. So many people are trying to predict when the bubble will burst, but I'm more interested in how to respond to a recession.

I'd love to hear from those who capitalized on the downturn of 2008. Obviously real estate would be cheaper, however how did you find buyers or renters when people were fiscally strapped and there was less market competition for your properties?

Thanks!

-Ben