What impact does a recession have on building costs?

[Veda B.]

Hey BP!

I'm new to the REI field and am currently in the process of looking to purchase a duplex. I have seen some potential properties, however most of them would need some form of repair ranging from installing new flooring to repairing water damage and potentially more.

I'm wondering how a recession will impact construction costs? Will they be cheaper because a majority of people won't be building or will they be more expensive due to that?

Thanks!