When money chases an opportunity at scale there is always the risk of a market being flooded and our local focus is not immune from national trends.

He did have diplomatic immunity which complicates the issue, but I’d still make sure you can get loans.

Las Vegas market is not immune to the correction happening across the country right now.

While this post was obviously not rigorous in scope or research, I hope that for you, like for me, just walking through some high-level reasoning helps check the emotional answer to tough questions.In times like these, that could be just the sort of immunization we need to keep making good decisions.

However, in the markets where values went from 400k to 600k+ the interest rates rising has a huge impact because these workers didn’t double their incomes like most people in small towns have as a result of the unofficial  minimum wage doubling. tennessee is same way with people retiring so there are legitimate cases for rural towns in states with no income tax like Wyoming as well. we are definitely not immune though to the wider issues.

Diverse industry/employment or something more recession-immune like state/federal government/military would be factors, as well.

But some studies show that the human immune system is stronger when disinfectants are not used......Just playing devils advocate.....

Mr CEO who had tons of leverage on multiple business and enterprises.. had some scary moments.Leverage is fine but it can bite you big time.. and to think rentals are immune from having a bad day in a bad economy well that is dangerous thinking..

In the next downturn I would expect many markets to see major declines where others that were not as volatile see less drastic decreases or hold their value.At the end of the day no one has a crystal ball and there is no magic formula that will make any one investor immune to the downturn.

That said, people who own 600k rental properties are not immune from getting sick, divorce, death, drugs, and unemployment.