We are just partial to Palm Bay Area.It’s been about 4 weeks and waiting to receive addresses to choose from.The homes in Poinciana seemed to have more eye candy ,recessed lighted ceilings in the master and fixtures were of fancier style than Palm Bay Area homes2 different builders of course but Palm Bay is close to beaches the other cities are 45 minute to an hour drive.

It's also slow to correct, the average price change over a 24 month span in the last recession saw home values drop by -18% (on average, over 24 months), some markets dropped more and some less.

Even when the virus is gone we may be still be facing a recession, during which people will still travel but they’ll want to do it cheaper and will turn to Airbnb.A lot of investors are fearful of such a potential recession, and it’s causing them to miss opportunities to build wealth.

Overlooking the Living areas, the Kitchen offers 42" Cabinets, corian countertops, recessed lighting with eating space in the kitchen that has a bay window overlooking the pool with Jacuzzi and pond.

So, thats a positive bounce.The large institutions BEG for these micro recessions.

@Benjamin Molnar, As a multifamily investor, I'm actually less concerned with a recession right now, and more concerned about what happens afterwards in the following recovery.

I'm a little worried with a possible recession and feel that we may be vulnerable.

I've successfully invested through recessions and market booms and I can tell you that the above structure is NOT a good place to be.

In regards to millennials, I think there are two main issues 1) they can't come up with down payments because they have more debt and (in general) aren't very financially educated and thus save less, 2) they grew up during the Great Recession and have a stigma about housing as an unsafe investment so many will want to be renters for life. 

We quickly recognized why multi-family was so highly sought after - it allowed you to spread the vacancy risk of a property across more tenants than any other asset class, and historically was the highest performing asset class during recession periods.