They might have between 40-300 properties they are sitting on, these were purchased when whole neighborhoods had been foreclosed due to taxes and mortgage default and they were bundled together (Great Recession 2007-2010).

First, I 100% agree that too many people don't fully comprehend that last property crash/financial crisis and every time I hear United States real estate referred to as a "recession proof investment" or current prices as "the new bottom" it makes my stomach turn. 

I think demand for real estate on the West coast will reduce the effects of any looming recession.

My other post mainly focused on STR during a recession.

My favorite is STRs are recession proof.

We still haven't had a real recession even when the economy dropped a bit during 2020. 

If you really want to buy something watch how LD UST, $TLT, performs during a recession. 

Leasing velocity appears to be holding firm, suggesting resilience in the face of potential recession concerns.

@Jonathan Bivas the last time lenders allowed everyone to do this - the Great Recession happened.

(I was a “victim” of the Great Recession and unemployed the entire time I built my rental portfolio.)What you might be feeling is what I often encounter.