@Bruce Woodruff I figure prices would drop in a recession, my target goal which was achievable without a recession was sale price of 2.2 million dollars, I could still make out good even if that dropped 300-400k.

I was originally thinking of doing flips to build capital first but have heard several things about a potential recession in mid 2024, which I’m honestly not worried about too much except for having it sit on the market for an extended period of time.

Hi - with news of recession around the corner, what are the best real estate asset classes to invest in 2023 and beyond, or better yet the next 3 to 5 years? 

That said, there are many very prominent people (Jamie Dimon of Citigroup, Ray Dalio of Bridgewater) calling for a recession next year, which usually brings rates lower.

But then I got laid off from my job during the worst part of the recession and still made the payments, but it was almost two years before I paid the personal loan off. 

You'll buy the same house for a higher price and your monthly payment will be the same.Here are some highlights from the article: High interest rates contributing to chronic housing shortage | Tatiana BaileyDuring the Great Recession, our region significantly underbuilt, which is one of the primary reasons we have a standing housing shortage today.

CDOs accounted for $800 billion and single handedly drove the economy into the worst recession since the Great Depression.

If that means anything.I’ve been listening to the podcast (BP and BP Money) to get a sense of how the RE market responds in recessions, etc. and it seems as though things might head south but we’re wondering if this is too good an opportunity to pass up and if getting out of renting and on our way takes priority over a potential reduction in prices.

Chuck in an EQ and a little recession might help too. 

Anyone who has buying since the recession has been a great investor.