Hi,In spite of Federal Fund rates having remained steady in the latter part of 2006, the economy seems to hover between a soft landing and a recession, without taking a definite course.

That said, as I write this I have an electrician in my kitchen, moving circuits and switches mainly (it was a poor design), when he's gone I'll actually install the recessed light cans, then texture and paint.Remember, if you're paying a "tradesman" $50/hour (cheap in most parts of the country) you have to "earn" about $85 to net the $50!

This recession will only be around for maybe another two to four years conservatively, which means you want to be owning the property outright rather than vying for 'first positions'.

That money is gone forever.When you factor in that the current market is very fragile; that a recession is looming; and that an avalanche of foreclosures is pending; then holding a bad property is VERY RISKY.

Originally posted by "MikeOH":I think pre-construction is VERY RISKY with the current real estate market; tightening of lending standards; and impending recession.

The Postal Service says that the price jump will only be in effect until it can make up the $2.8 billion in losses that it accrued during a large decrease in mail volume it says were caused by the recession.

With the recent recession and stimulus from the Fed, the exchange rate improved for Canadians.

When the markets go back up, like they have in every other recession and I can't find any more deals.

This doesn't apply in many places. 3-5 years ago, it was more common because of recession, banking crisis, high foreclosure rate, RE bubble burst, etc.

It's risk free, recession-proof and has no income ceiling.