If there is another global recession, oil is the first thing to drop!

He was hired straight out of school, but when the recession hit a few months after he was laid off.

People need a place to live even during a recession, and rents actually went UP after the housing crash.

I went into this property looking at it as a long term, cash flow rental and may come out of it as a fix and flip...Here's the scenario:Two Family HouseAsking Price: $60k (cash only), needs $50k worth of work)Monthly Income - $2400 ($1200/unit)CAP Rate based purchase (and rehab) of $110k is 16.7%Current seller is a contractor who got hurt bad by the recession.

It's in s stable market that was not affected by the recent recession very much.

The economy has NOT changed that much - if you look at the data, the unemployment rate during the great recession was rarely over 5% for the college educated, while it was well over 10% for those without college.

The area is in a perpetual state of recession, it seems, and even the last bubble hardly had an impact on the area.I used to lend there and stopped.

Unexpectedly sharp property tax increases; 2. the Great Recession driving down rents; 3. mismanagement by professional property managers.

What did they think of the recessed cans I put in downstairs?

I do know Dallas wasn't hit nearly as hard as some other parts of the country by the recession, but watching our biggest asset bottom out sure hurt.http://www.dallasnews.com/business/columnists/steve-brown/20140130-dallas-area-homebuyers-to-scramble-this-spring.ece