Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

85
Posts
39
Votes
Cheng Bin Zhang
  • Real Estate Consultant
  • Boston, MA
39
Votes |
85
Posts

Another Crash 2017?

Cheng Bin Zhang
  • Real Estate Consultant
  • Boston, MA
Posted

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

User Stats

17,424
Posts
30,059
Votes
Russell Brazil
Agent
  • Real Estate Agent
  • Washington, D.C.
30,059
Votes |
17,424
Posts
Russell Brazil
Agent
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

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. 

business profile image
District Invest Group
5.0 stars
44 Reviews

Loading replies...