Time to start buying!!! Oh yeah, historically rents dip down in a recession around 5%. Also, unemployment is increasing and a lot more defaults are coming onto the market. Lending standards are getting tighter. This all spells another leg down in the RE market. You may want to check your math on break-even analysis when your asset is decreasing in value? Even if you’re lucking enough to actaully break-even on a cashflow basis, what will your return be if your asset decreases by another 20%?
These are very real possibilities in this market.