No buying multi-family until we hit the bottom?

[Vlad Denisov]

Everyone around seems to agree that recession's gonna come within 3 years with a high probability. If it's true, does it mean that it makes all the multifamily deals right now much worse than lets say 5 years ago? I saw a lot of people on BP saying they exiting on all the properties they have right now. Would you say it's a bad time to start this year for a beginner or not? Why?

[Russell Brazil]

I dont know why everyone who doesnt have the courage to invest during a booming economy believes they will have the courage to invest during a recession, or how they will access credit when credit markets tighten.

You know who buys during the depths of recessions?......the same people who continue to buy regardless of market conditions.