If a basic kitchen job (think 6 recessed cans, homerun for appliances as needed, 3-4 light switches, pendants and switches for over sink and island, and a few backsplash and island plugs) cost $3500 from your electrician on one job, then 3 jobs later a very similar scope he hits you with a $6000 charge... that would have me questioning it.

Imagine how bad this would be if we actually were in a recession!

I would like to think my portfolio is 'recession proof', but I am sure it all depends on how hard the crash is. 

We will likely ride out another recession and look into selling it at the next upswing. 

Not sure what the rate is today, but I've heard numbers as high as .94 cents on the dollar when the economy was hot, all the way down to around .82 on the dollar in 2009 when the recession was in full effect.

In sunshine states like Arizona(Phoenix especially) and Florida you can get properties for 40% of their per-recession price and these prices will onnly go up as the market rebounds so people are looking at it like they can double their money in a short period of time and get some enjoyment out of it by vacationing there.

That means ``we shouldn't worry about the deficit next year or even the year after,'' he said, adding that in the short term, ``the most important thing is that we avoid a deepening recession.''

He bought them cheap after the recession, fixed them up himself, and now rents them out.

Name is Luis 26 years old own 2 sfr's in Nevada purchased amidst the recession looking to buy more in order to reach my financial freedom.

Here is an article about one of the last and biggest victims of the recession http://www.wsj.com/articles/carl-icahn-looking-to-...