Aside from a few minor downturns during national recessions, Austin homes for sale have steadily increased in value since the 1980s, proving that buying real estate in the area is a good investment.

Outside of a major national event / recession I see Bend's market continuing to climb for years to come. 

So rising interest rates, along with a likely coming recession, which is really due regardless of what party is in power are the 2 largest factors I'm concerned with. 

Recessions happen, and prices can go down.  

I have a question about multi-family appreciation:As I compare deals in different areas, I'm trying to determine the likely appreciation rate, along with how recession-proof each specific building/area is. 

Might take a recession to get the deal flow going again. 

The least I've ever made on one is around $100k and the most I've ever made on one is around $500k (and counting) ... and I rode out the great recession without a scratch ... what a train wreck.

Everyone is aware of the distressed properties from the recession but not many people realized the distressed craftsman that became available and were looking for opportunity.From the partner selection forward, everything functions just as a large corporate entity.

By owning rental properties you can survive through most recessions and those happenings should not reduce your occupancy and enable your rentals to keep on paying.  

Since it was in the middle of recession (end of 2009 - beginning of 2010) I got the property very cheap, for 125k.