Recession Resistant Properties
Hello BP Community -
Precise market timing is impossible or at the very least extremely-difficult to attain (otherwise we would all be multi-millionaires/billionaires). However, there are a few indicators in my market (Charlotte, NC) that point towards it being a bit on the overheated side: deceleration in construction projects, house flip rates very close to 2007/early 2008 levels, price expansion (appreciation) slowing down (according to some articles). One major positive is the influx of people into the city is still high. Based on what I'm seeing though, it might be prudent to start look at more recession resistant properties. My intention is not to debate macro market trends, but rather to discuss what constitutes a recession resistant property?
In a slowing economy, depreciating property values, where do you place your money (within the scope of real property)? I'm looking toward multi-family units (mid-lower income areas).
Thoughts?