(Purchased Nov 03 through Jun 07)The recession has hurt both rentals and values on the vacation rentals.

At the first recess I asked the attorney who subpoena'd me if I could go sit in another room because I felt like all this testimony was none of my business and I should not know what goes on in this guy's family life, but he said he would call me next.

We are in a major recession nationally, you can’t expect that this area will be immune.

These things as well as a peaking economy in 2000 caused a recession until the end of 2002.

But timing is everything and it's a good time to buy and hold rentals, at least in my market.If we experience a severe recession, however, all bets are off.

Fortunately, when I mud, there isn't much sanding to do, because if I sanded, the whole tape would show.This is a patch, so the edges don't have the recess for mud that are on the edges of a whole drywall sheet.

The peak following the previous recession was 16.9%.From Reuters: At 17 pct, US office vacancy rate hits 15-year high During the fourth quarter the national office vacancy rate climbed 0.40 percentage point from the third quarter to 17 percent, the highest level since 1994. ...

At the depth of the Great Recession, the vacancy rate in San Jose was just a tad above 4%.  

The banks only count 75% of income from rental properties because there are things like vacancies, and recessions to account for.  

Our entire model is based on a few key principles:MSA performance of unemploymentSTEM job growth in the areas we develop thus creating more recession proof economiesAffordability index of rents vs income still having room for improvement compared to similar marketsLow vacancy ratesA/B properties to eliminate as much of the risk of payment, crime, and damages that come with C propsAccessibility (we need solid transportation hubs to major economic hubs which attracts good paying jobs with lots of relocation)If you'd like to learn more anytime drop me a line or give me a call.