When things go bad....recession, market collapse, bubble burst etc, all of a sudden, a bank's lending appetite will change.  

I am from and raised in Dallas Texas and I never really felt much during national recessions and I was born in 1956.  

One could argue that years of quantitative easing and low interest rates have masked underlying issues that could lead to a magnified and painful recession somewhere down the line.Can anybody provide me with some advice and words of encouragement OR caution?

If there is another recession, how does that affect the tourism industry especially something of this size?

A recession could be expected towards the end of 2020, where I will look into it again.

@Steve Allen apologies for dragging you back to this thread so late, but I was interested in your reasoning of why you think the Boise area marketplace with change in 18 months (17 now I suppose).Is this based solely on the belief that a economic recession is coming soon or are their other factors in play?

Virtually recession proof8.

How much would that house have sold for at the bottom of the last recession (move-in condition)?

This would be my first tax purchase and I have read about issues with notifications by counties etc. and with the husband recessed it worries me.

In looking at history in the area for the drop in real estate during recessions in the 90's, 2000 and 2009 the drop ranged from 10 to 30% and had a slow decline (!!)