The most impressive part is that these life insurance companies have paid annual dividends consistently since inception, through the Great Depression, World Wars, 1970’s stagflation, Great Recession, and now the pandemic.

.- When recessions hit or bubbles burst, double digit drops in value (depreciated prices).- Prices are still a premium, CoC returns initially remain lower than what many average investors hope to achieve.- Heavy competition.I'd love to get a sense on investor sentiment on investing in multifamily in Washington State. 

Investment activity in 2022 has slowed due to a number of factors: rampant inflation, steep interest rate hikes, commercial loan tightening, and an economy teetering on a recession.

Since the great recession interest rates have been incredibly low and real estate has returned to its former popularity, so the market has been bid up and cap rates have gone down.In my opinion one must include some degree of cap rate expansion in one's underwriting these days to be conservative.When folks first get into commercial they tend to overestimate the importance of cap rate.

It makes you more loanable and provides a cushion for unforeseen situations which is inevitable in real estate, especially going into a recession. 

My Thoughts: The next 30-90 daysI feel confident in saying, the hard landing / recession for housing is behind us.

You try in SFBA and can not pay for vacancy or pitch in mortgage or huge down payment you are losing money until the Recession hits here (<24 months).

Austin, as the capital, has a huge government job base that bolsters any kind of recession hit. 

What type of recessed lights should I use?

I grew up in a middle-class family that was hit hard by the Great Recession.