We are in a recession bordering on a depression.

Great Depression Lasted 10 years. 

Now that is on a national scale, and thats why we have only seen housing prices retreat on a national scare twice since the Great Depression.

Given everything that is going on in the world today, it is pretty clear to me that we are headed for a global recession/depression due to the economic impact that will be felt worldwide from the Coronavirus.Hopefully I am wrong, but the signs are pointing this way...So to be as prepared as possible going into these time, through and coming out the other side, as this really being the first recession I have gone through that will impact me significantly (as the 2008/9 one I was young enough and going through post secondary education that the impact to me was minimal), I wanted to lean on the experience of those that have been through one of more recessions.Here are some of the questions that keep coming to mind:Previous experience:- how did you protect your downside and mitigate risk in your portfolio and personal finances when you realized where the economy was headed?

Rates may get even lower than now, and who know we might just hit a depression lol.

No government has ever plunged itself into a depression and purposely destroyed its entire economy and I do not think ours will be the first.

Great depression lasted 10 years. if we head towards depression hopefully we try to stimulate our economy with bridges & roads infrastructure & green initiatives. 

Hey @DeMonte Dinkins,If you find a depressed deal, or distressed seller, in a market you like long term then it's always a great time to buy.

@Zach Cummins I started by buying one rental in my neighborhood in 2010 when the market was depressed.  

In November 2009, depressed, like many here, ...a victim of the "real estate bubble" and the horrible economy (the "the dark days of 2008"!).