What is a recession? It's returning capital to rightful owners
There's a lot of discussion/learning on what is a recession compared to a correction and if we are in one.
Ultimately, a recession only means to you what you make it mean.
During a strong economy, many people can make money as long as they are good at selling. During an economy's darker times, is when those of us with solid businesses will stand out and excel.
It's also a time when those of you/us who want to start or buy a solid business will stand out and excel.
ps- by "business" I mean all of us with rental properties.
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#5 Multi-Family and Apartment Investing Contributor
- Investor
- Shelton, WA
@Grant Shipman I really liked what you wrote there and wished I could have given you more upvotes. People will always need a place to live so that bodes well for us. Some LL's may find themselves stretched too thin and hopefully not be forced to sell. Ups and downs in economies and property values don't have a major impact as long as you have capital or access to it and are not unduly leveraged.