When Donald Trump won the elections, so many gurus on BP said that there is a pending recession.

As can be seen in the comments of:@Bob Daniels on Page 1 & 2Account Closed on Page 1@Russell Brazil on Page 1 & 2@Eamonn McElroy  (Accountant) on Page 2@Jonathan R McLaughlin on page 2@Natalie Kolodij (Accountant) on page@Jeff Cagle on page 2 & 3@Craig Jeppesen (CPA) on page 2 & 3@Ben Zimmerman on page 3@Mark Donald on page 3@Ryan Nichols on page 3@Joe Splitrock on page 3@Nathan Hall on page 3@Steve K. on page 3Unfortunately, none of these replies have cited authority for their view, that because I have charged, collected and deposited the rents that I have collected during my beneficial use other people's property, that those rents are now mine, or that I have a tax liability for them. 

The income generated by a property can trump everything else.

Just know that while the hype is big, it's not doomsday.With all of this being said, the media is making this bigger than it is because they ran out of stories on President Trump and they have to scare you now with something else so you pay attention and watch through the commercials.

The only thing we may disagree on is that your ability to judge risk, market value, get a great deal, force appreciation, and manage costs of operations is greatly diminished OOS compared to locally ... this disadvantage has a tendency in my experience to trump any perceived or actual advantages of investing in OOS RE markets over the long haul.

Short of Donald Trump starting World War III on Twitter, there won't be much to slow it down.

Donald Trump being in real estate and talking about it gets people hyped about real estate, Robert Kiyosaki's success with books, Warren Buffet, Dolf De Roos, etc.

Usually either extreme in most areas of life is not healthy or helpful in the long term.Robert Kiyosaki and Donald Trump also went through devastating downturns but then learned from their mistakes and returned stronger.  

You also need to mention that the wealthy are in the 39.6% tax bracket (effective tax rate usually is much lower, Bernie Sanders paid %13,5 percent, Obama paid 18.7% and Trump paid 25.3%) and the poor are in a 10% tax bracket, which 45% of american households that don't make a lot of money, pay no federal income tax. 

This thread just reminded me of an article I read a few years ago...https://nypost.com/2017/04/07/its-why-we-have-trump-airbnb-host-turns-away-asian-guest/ I couldn't help chuckling a little when I read it...though I felt guilty about it.