It's wise to scale back future appreciation expectations, as you had a big bump the last 3 years.I strongly disagree with those who state that appreciation means nothing until you sell, or that it can vanish at any moment. 1- an appreciated property will allow you to borrow against it, to pull cash out for another investment. 2- you brought at the bottom of a serious recession, and up already 30%.

Why do those who lack the courage to start investing in real estate during a booming economy think they’ll have the courage during a recession?

Sam Zell said real estate became a much crappier business when you couldn't get 30 year fixed rate loans on apartment buildings like you could in the 1960s, 5 year loans just leave you so exposed to interest rate risk and recession risks.The S&L crisis was exactly like this (from what I hear, seeing as I was 3 years old when the SHTF).

@Brian Sullivan, the recession definitely trimmed the property taxes for many properties.

It seems that the prices are pretty high right now since I am not the only person trying to do this.I was thinking that perhaps I should keep an eye out but just start saving up capacity and collect information on this and wait for the next recession to do this.

An economy recovering from a recession, crippling student debt, and an overly competitive job market are just a few of the things to list when naming the struggles millennials are facing in their early lives.

How recession proof is that market?

It is like we stepped up the basis since the last recession.

You would think that all the pros could put their heads together and say "this is your best positioning going into the next recession now that the market is topping off", kind of like the "all seasons portfolio" for stocks.

It seems lending restrictions on these condos haven't eased much since the recession.