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.

Having the Great Depression as a template and several indicators mimic the Great Recession, I realized it was a super economic cycle where this event only happens once in a lifetime, I decided to go all-in.It wasn't easy.  

I'm done buying properties until I see a recession (2-3 years from now).At times, out of state investing is not as passive as many people think it is.  

Just make sure you realize you'll have another 2 recessions, if not  3, and likely 2-3 inflationary waves before you truly retire in life if 30 years old.

Are there generally any areas which are recession proof? 

in the recession when appraisers like everyone else were hurting I was getting mine done at my commercial bank for 350 to 450.this last year they have been 750 for the same vanilla SFR construction loan.. about as simple as one can be.. 

But out of their ashes, we've risen, possessing a diversified economy of a constellation of companies largely made up of recession resistant sectors like education and healthcare.Some key stats:Employment rate across all sectors is up 1.54% which is well above the 10 year average of just 0.15% according to Oxford Economics.Also median household income is up 3.3% over the last 12 months which will continue to undergird rent price stability.

We have always lagged behind national averages, which I like, it means we are “recession proof” as they call it.

When travel slows down and recession gets worse STR's are dust.

We're not out of this recession.