I just saw this article about the economist and Hellas Telecommunications buyout by two massive private equity funds being TPG & Apax partners (partly run by Nikesh Arora). 

Student loan debt is the number one thing on economists minds.

PS - If you follow the economist Harry Dent, he'd advise to sell everything and stock up on cash.

Per Zillow senior economist. http://www.biggerpockets.com/forums/311/topics/200887-where-do-landlords-make-the-most-moneyGood luck with your search! 

I’m not an economist, just my two cents.

@Josh Magnus I would suggest to proceed with caution...but proceed nonetheless...In the area where I focus most of my attention, 80% of the houses for sale are places that were sold last time in 2006-2007...Most of them investors who finally manage to match the price they paid for...As most commentators said condition now are very different then 2008...but that doesn't mean crisis have to come from the same direction/cause to get the whole economy crashing along...Brexit...trade wars...student/consumer/corporate debt...there can be many reason for the next fall...and in 2008 nine out of ten economists didn't see it coming...that will probably be the only constant.As someone who also work full time my suggestion is to narrow your focus on a specific area like 1 zip code and follow it to exhaustion...know every house that get to market...walk the street with google view over lunch break...analyze city/county records for every property that hit the market...check all rentals you can find...establish working relationship with one or two buyer agents...this way when something arrive to market you'll be in a position to act fast enough...I got one house that way and now in contract for another...both were sold last in 2007 and on both I offered asking price (=2007) the day after they got to market...if the numbers work for cash flow then the state of the economy is much less important...and be picky (don't feel bad passing on houses)...personally my goal is to be able to become at least part-time when the crash will come so I have more time for RE then...good luck!

I meet with several Economists monthly who all predict the growth for AZ in the Greater Phoenix Area including the Southeast Valley for the next 5 years conservatively speaking.

A key issue here is the fact that the state legislature is willing to take these measures, despite the views of almost every reputable economist.

A case in point, I read an article the other day about a survey Zillow did where half of the economists interviewed are forecasting a recession in Q3 of 2020.

Most experts agree with Ralph McLaughlin, CoreLogic’s Deputy Chief Economist, who recently explained that there’s no reason to panic right now, even if we may be headed for a recession.