Recession affect on real estate prices

[Jack B.]

When you look at this chart, you see that overall there is often a mild impact on real estate prices but not always. Sometimes the prices remain unaffected and sometimes like with the 2008 crash, they can be significant but that was a purple unicorn. As a person interested in Las Vegas prices to expand out of my current area, I decided to look a little deeper at the housing price trend of Las Vegas and to my surprise, other than the 2008 crash there weren't any real dips in Las Vegas. Tale a look at the second chart I posted. This makes me feel more comfortable buying in Las Vegas right now...I'd be making 10% CoC return roughly with the right deal, with low probability of a significant price reduction in the future. I want to buy again now while rates are low and I have significant W2 income to leverage. I'm starting to think we are not facing another big crash like that, at least not for a while...and I'm starting to look at what just 4 rentals here in the Seattle area did for me..48K a year passive income, not counting appreciation...after all expenses...even budgeting for vacancy and capex.