In addition, automobiles were becoming commonplace for the wealthy and middle class allowing cross country travel.

This is pretty fascinating to me to hear Lethbridge is immune to the cyclical nature of oil and gas.

Plus rent is not a guaranteed income stream as Erik pointed out people think so but during the GFC many folks with max leverage had vacancies and lost their portfolios I know people think rentals are immune but they are not. true financial freedom Is ZERO debt rentals in the rental concepts.

Plus your social security will not be taxed unless you are taking made earnings from other sources that put you over the limit.When you can have your cash work for you, be liquid, and put it to work for you in other automobiles such as property, you can't get far better than that!

That being said, an LLC DOES NOT make the property immune from liability...it does however, limit/contain it to the assets within that same LLC.

It is not unique or immune to that in any way.

Thanks, Gail K. after hearing the CDC list Cats as probable spreaders to the 40 million people now infected with the Toxoplasmosis parasite. and knowing it can cause Schizophrenia and brain infections if left untreated just do not want someone with violent Rage Disorders living in our Apartments thinks I'll go through the motions in court to declare the Building Allergen free even if I lost a couple of months rent. then will not have to find plumbers or electricians not allergic to cats. https://www.cdc.gov/parasites/...

Another market that will be hard hit is any community that makes automobiles or provides parts for automobiles.

Houses are selling very quickly here, but I would guess that will come to a stand still in the near future as infection cases quickly multiply over the next couple weeks.

@Gil Segev I’m not saying a recession doesn’t impact everyone- no one is completely immune to economic downturns.