The sudden economic stop caused by coronavirus containment measures will cause a global recession this year and could see U.S. corporate default rates spike above 10% in the next 12 months, ratings agency S&P Global warned on Tuesday.

One thing on my mind right now though is I’m actually investing in one of the fastest growing cities in the country so it is competitive, but I’m not too worried about that because I understand patience and not getting attached to deals.

You can do local but it's pretty competitive for good investment properties but they're out there.

I would provide access to stay at a destination where ownership is required and at a competitive price.  

recession is a given, global depression is a maybe.

Challenges: -We could have negotiated the price lower but we offered full due to the competition and fear of losing out.

Challenges: -We could have negotiated the price lower but we offered full due to the competition and fear of losing out.

Note: on distressed properties, the quicker you can move the more competitive you will be!

It means my competition is literally taking themselves out of the ballgame.Choose which way you want to look at this and take it from there.Best of luck to you moving forward!

If that's the case - go wherever is convenient and has competitive pricing.