What I mean by that is, we can, in an instant, stop spending money on most things (assuming you have not been financially reckless and racked up tons of debt).  

If you use this strategy on a RE peak, you could lose your shirt.BP podcast 1 explains what can happen when this strategy is used recklessly. 

As the old adage goes, “action without knowledge is reckless and knowledge without action is useless”.

In fact, I find it very amusing when non-scientists think they have enough data and understand enough about climate patterns that they can say for certain whether global warming is real or not.I find it very amusing when the scientists get caught faking the data to support their reckless claims and even more amusing when they shred the data that their entire global warming argument is based on, rather than releasing the data for a FOI request.

@Joel Owens I agree, the guy I know w $600MM in property is borrowing some reckless amts. floating over LIBOR but again like you said, when you're that rich you can get away doing some reckless stuff.

I think when I was in my 20s, there was a certain reckless abandon that helped me win big on certain deals (deals that I wouldn't do now that i am older and more cautious) and taken on big losses.

Due to my own ignorance (no denying it) and the repair company's recklessness and negligence most of my plumbing was destroyed in the repair process, costing me tens of thousands of dollars.

He made a LOT of wild and reckless claims.

Also, we don't plan on growing too fast and reckless.

Some people give you a ridiculously reckless advise to stop paying rentIf you do that and the LL prevails in eviction court (the failure to fix the place does not give you permission to withhold the rent.