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Updated over 8 years ago on . Most recent reply
![Cheng Bin Zhang's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/65383/1629248819-avatar-chengzhang.jpg?twic=v1/output=image/crop=408x408@0x0/cover=128x128&v=2)
Another Crash 2017?
Hi All,
I'm hearing from multiple sources that a potential economic downturn is likely to take place in the next term. Everyone has a theory (China's recession, Brexit, cyclical nature of the market, etc.).
I figure this would be a good platform to get some interesting perspectives from a Real Estate Investor's standpoint.
1. Do you think a potential downturn is likely to happen? Why do you think so?
2. Are some regions more susceptible than others? Why?
3. What's your strategy? Wait patiently? Or are there more active strategies to prepare for the downturn?
Thoughts?
Thanks!
Cheng
Most Popular Reply
![Russell Brazil's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/120988/1621417798-avatar-russelltee.jpg?twic=v1/output=image/crop=303x303@52x0/cover=128x128&v=2)
Crashes are incredibly rare. Prices go up and they go down every market cycle, but actual crashes are incredibly rare. No one can predict them, even the people who made money during the last crash. The bears always look like geniuses during downturns, but it's just a statistical certainty that someone will make money from guessing right during a downturn.
Instead of trying to be Nostradamus, build a business that survives both the good times and bad times.
- Russell Brazil
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