So according to article in National Geographic about global sea levels.

Cal:... or when Saudi Arabia has inked a sufficient number of long term supply contracts globally (something they seem to be pursuing quite vigorously) that it's in their interest to see the price rise back-up.

I think forward thinking in a recession is pre-planning on what to do in a worst-case scenario.From an oil perspective, I can say globally we have an over-abundance of supply right now.

From 3.3 billion global passengers this year to 7.3 billion by 2034.  

schools are too busy handing out condoms, teaching kids why little timmy has two dads and the dangers of global warming to include such non sense as financial education.

@Les Jean-Pierre The news from New York about AirBNB is interesting and likely trend setting.I read last week that Stephen Ross of The Related Group has asked his residential property managers and tenants to keep an eye out for AirBNB use in their properties.As the deep pockets (aka bigger), large owners such as The Related Group likely want to avoid being accused by NYS of supporting a concept that requires regulation.Many cities globally follow New York's lead on policy (e.g., the smoking ban in restaurants). 

Global Financial Crisis?

I have been following real estate for several years now and actively engage with real estate investors globally, both professional institutions and general portfolio managers.

So if you buy right you add more income to your qualifying scenario, if you buy wrong well then you are digging a deeper and deeper hole or you'll have to just make more money in your day to day job to counter your paper loss on your qualification side of things- With commercial loans they look at "global cash flow," and they generally want all of your cash flow including your job, rentals, businesses, etc to usually cover all your expenses by 1.25X minimum so if you have negative cash flow rentals or are buying wrong theres no guarantee they will lend to you.

From Listing Distribution52% AirBnb  18% Booking and 8% VRBO globally.