This includes a little bit of time at the end of the last recession, so that makes me feel fairly confident in them.

So far, the (paid) supporters for negative gearing in Australia have largely "got away with it" because property prices around the capital cities have continued on a seemingly unstoppable rise since the flat market of the mid-nineties (remember "the recession that we had to have"?)

Alexander, a name that is synonymous with great "Alexander the Great -- a great Greek conqueror...but as a banker hmmm....I would think that you would be more informed regarding our current or recurring recession and I would like to think and believe that gold has stood the "test of time" to that of fiat money which as history so repeats and often dictates is a "devaluation of currency (money)" the leading causal factor to hyperinflation http://www.usagold.com/germannightmare.htmlRecall the Weimar Republic in Germany...I just did that for you as an event in history that shall be remembered for the German people. 

If we get another EQ and combine that with a recession perhaps another story IDK.

I have a 4 acre site I bought in Rohnert Park CA. for 27k in 1995 Tail end of CA RE recession...

Zero money,   lived at home in Cupertino CA.. got my REal Estate license and moved out when I got a few commission checks and never looked back.. that was 42 years ago.  3 recessions.. one mini recession and a Global financial meltdown.

Maybe prices will soften 10 percent in the next recession, but how much will it cost to wait?

More people tend to go back to school during a recession that's why we like this niche.

Invest within your means so you never have to sell during a recession and you will never lose.

According to the UNLV Lied Center For Real Estate Research:"Most regions in Nevada are seeing a distress share lower than their pre-recession value.