During a recession, fewer people are buying cars or houses (and therefore looking for new mortgages or auto loans) or seeking financing to start up or grow businesses.

I do not believe we'll see a full scale recession but definitely a slow down between now & Feb24.

In the last recession with other markets saw 20% drops in their property values, we saw maybe 5.Because of the stability, we don't have a lot of distressed sellers.

I used finish cabinet screws to put it all together, and they recess so nice I did not even bother to fill them. 

Unemployment is higher during a recession/depression. 

Yes I'd take a recession

It's very possible that the investments you will end up having to choose may put you very susceptible to loss of money in a severe recession.

Way scarier than a recession ever could be!

B) call a hardmoney loan broker and ask questions about the types of loans they offer. learn things like cost of points upfront, construction loans and their draw fees, and look into the extension and other clauses in a recession most hm lenders can simply call the note due if its after the extension period. 2) if you want to build a rental portfolio     A) figure out how/where you want to buy/live and house hack in one of the units... 4 plexs are the best in my personal opinion. this will allow you to learn the market you live in but also have  reduced cost in "rent" and gain experiences in handling property management if you do it yourself or watch what your pm does. do this 1 to 2 times a year you can get more then one federally backed loan a year the legal stipulation is that you have to have a reason to move out away from where you live at least 100 miles away. being in the military I move multiple times a year and have bought 2 homes in a year with my wife... because of orders and stuff the lender just wanted an explanation during the approval process. id personally try to get 5-10 under my belt with as many government backed loans as possible until I figured it out then would do something like get a portfolio loan for all the properties and use my cash as a means to do something like BRRRR or simply purchase with 10-20 percent down then get helocs and repeat. its slower but safe!!!     

 There was a great graph I can't find a link to but except for the 3 decades with big recessions, prices have doubled every decade in NY.