Recession Coming? Is Now A Bad Time To Purchase A STR?

[Adam Gonzalez]

Morning BiggerPockets community!

I hope everyone is doing well and thriving. I am currently on the market to purchase my first investment property which will be a STR and am extremely excited to finally jump in!

With that being said, it is a little hard for me to ignore the news / financial experts constantly saying we are headed for a recession soon as a result of everything going on. From the research I have done, recessions hit STRs pretty hard as people tend to travel less and spend less during recessions. While I know no one has that magic crystal ball, I wanted to see what you, the experts think? Do you think now is a risky time to get into STRs or is this all hysteria? How did your STRs perform during the last recession if you had them then? 

Your feedback is greatly appreciated as always. Thanks so much and I look forward to gaining a lot of insight from your answers. Cheers! 

- Adam G.