After Irelands terrible recession we decided our best option was to save for a mortgage abroad, as we have friends and family that are in a deep struggle to get out of the rental market and into the house owners.I long story short, after initial problems with finding ideal work we are now up and running and saving more than we could have ever dreamed.

We also made a lot of upgrades to the center, with all new vinyl flooring, recessed lighting, new paint, new HVAC, and an updated playground.

The 2008 recession hit these lots hard. 

Here is why:The government has decided to debase our currency in order to save financial institutions and keep the U.S. from falling into a deep recession.

If we end up in a long term recession (low probability IMHO, though others will disagree), prices will be further depressed.

But the good thing is when the economy and recession is 'Public' the stock prices of all these will go down.

At the moment I am very interested in Texas since they seem pretty resistant to recession.

At the moment , I would consider stocks to be "On Sale", but we're in a VERY major economic recession.

One theory is that the sort of person who would own a timeshare would have enough money to get through a recession in luxury, but how many of those people do you know?

When you consider that this man's advice came from having survived the double digit inflation of the 1970s (during which he lost a large commercial property on an adjustable rate commercial mortgage - but didn't quit), the recession and S&L fallout of the 1980s and the most recent meltdown and ever smaller boom and bust in between - this advice is not to be taken lightly. 80 years of work and an excellent legacy he has left.