Their resistance (or at least reluctance) to move out and be willing to forestall certain lifestyle benefits and the total true cost of living until the future means that home ownership is postponed until much later.We watched the consolidation of families into larger housing units temporarily after the 2008-09 Great Recession.

(So, I guess I wasn't really saving it ;-) )I was lucky in that I bought my first property at just about the lowest time during the recession. 

It will get interesting during the next recession.

1.EquityIt's not a surprise that the stability in the market over the past decade since the sub-prime crisis can be linked to the elimination of NINA and NINJA loans.When investors must have a skin in the game,speculators leave the industry for the real professionals who actually know what they are doing.Speculators belong in Vegas.True professionals don't hold 90-100% of their portfolio with less than 3% equity.That's a suicide party waiting to happen.We are not a fan of this whole "creative financing" and "No money down (NMD)" movement on BP.It's cool if it helps gives some average Joe their start in real estate,but when it becomes your sole strategy,you will surely get eaten when the apocalypse arrives.We currently hold all assets in a 25% Equity position.You don't have to be the only one coming up with equity.Find partners.Skin in the game is where it's at.There's a good reason banks talk of LTV and DSCR  when you apply for loans.The new government may get rid of all that as part of the coming repeal of all those "evil" regulations.Currently,on many of our duplexes,rent from one unit alone covers the mortgage payment.We believe that to be almost recession-proof.2.Location!

You never want to be cash-poor in a recession.

For example Multifamily (or MHP's) may be in Recovery in Reno and Hypersupply in Charlotte while Self Storage may be in Recession in Philly but expansion in Nashville.  

In the markets I work in, the under $150K price point didn't drop at all during the recession.  

Real estate is very local and if you buy right and in good locations you can thrive during a recession. 

There are a lot of properties now on the market too as people see 2019/2020 as maybe a recession, meaning we are peaking in the real estate market.

- Wanted to diversify my real estate holdings, felt I had too much in the Bay Area - and in the next recession/market softening, I want some cash flow that's more protected from market volatility. - Because the Bay Area is such a boom/bust environment, I wanted to cash in on the equity I had built up on my most recent purchase (the SJ condo) and move that money to a more stable real estate market. - Areas I looked into, Indianapolis, Atlanta, San Antonio, Cleveland, Memphis, parts of Florida. - First filter - any city that I read about that had good purchase prices compared to rental income I considered.