When the Market Turns - What is the Best Strategy?

[Dennis King]

In Kansas City, the single family home prices dropped 20% in 2008 in many areas and the inventory  and day on market increased dramatically. When the next downward cycle hits, what are the:

    1) Key drivers (economy, interest rates, war, local economy change, lending changes) 

     2) Impacts (price drop, days on market, both, no funding, acquisition costs) 

     3) Strategies (a. buy, fix and hold; b. buy/sit; c. do nothing; d. buy/wholesale)

We are in a long 7 year real estate boom and this can't continue forever. I wished it would, but I want to get folks sentiment on the topic.

[Chad Brey]

Has anyone read Robert Kiyosaki's new(er) book, Second Chance? Big eye opener to what you guys are talking about. All the big economists, including Kiyosaki, are talking about the next major economic downturn happening between 2017 - 2019. Everyone is saying to prepare...buy primary and secondary assets (resources, land, precious metals, real estate, ownership in businesses that produce those resources, etc.), and stay away from tertiary assets (stocks, bonds, 401(k)'s, etc). 

My business partners and I are doing the former. 

Keep your eyes open for the warning signs...