I think you have a good point with the recently constructed apartments, I would have to make sure to add some kind of value that they are not giving in order to stay competitive with them.

Utah has been so competitive a 10% correction would just stabilize it so there’s not so many offers driving homes above list price only to have an appraisal issue with no comparable properties.  

Do you guys think the appraiser will take under consideration what’s happening in the economy, global health crisis, etc and appraise the house lower?

Organic (SEO) and paid.In this discussion Organic doesn't play a part because  well it is an investment in time and ranking #1 has not much  (well if you want to be very technical.. then yes it does... but for the sake of this discussion...) to do with a virus plaguing humanity.So lets talk paid marketing.With paid marketing you have competition.

Is this a sign that I should not invest in my local market and maybe should invest in other near by towns where there are many other investors invest there even though there will be lots of competition?

@Julie Marquez easier, but more competition from speculators outside of commuting distance...

I don't know when will I find a job this year as it seems a global recession is coming.

Got a text from my portfolio lender today at noon that their funding supply was cut off and they couldn't fund... even after everything was signed and I was cleared to closeIf that's any indication of how cautious big money is right now - we can surely expect less investor buying in the near near term, which will definitely have a downward impact on prices in competitive markets.

Ive written 7 offers in the last week, and all were multiple offers, with the least competition being 5 offers.

Given everything that is going on in the world today, it is pretty clear to me that we are headed for a global recession/depression due to the economic impact that will be felt worldwide from the Coronavirus.Hopefully I am wrong, but the signs are pointing this way...So to be as prepared as possible going into these time, through and coming out the other side, as this really being the first recession I have gone through that will impact me significantly (as the 2008/9 one I was young enough and going through post secondary education that the impact to me was minimal), I wanted to lean on the experience of those that have been through one of more recessions.Here are some of the questions that keep coming to mind:Previous experience:- how did you protect your downside and mitigate risk in your portfolio and personal finances when you realized where the economy was headed?