@Nick Williams I agree with a lot of points made here, just wanted to reiterate or 2nd them.We've thought there's been a decline/correction/recession for a couple of years, but hasn't happened yet.

For those who have experienced recent recession's (2008 etc.) even though past recessions does not predict future lines I'm curious how the recession itself affects real estate syndication deals in a concrete practical sense.

If you buy in a good area that has value you can weather a recession.

Steady population growth, great jobs market, weathers recessions super well.

For the first time in years, Americans are seeing their homes as investments.The American Dream of homeownership—having a place to call your own—may not have dissipated during the housing crisis, but the concept of home-as-investment tumbled just as home prices did.According to a recent Gallup poll, real estate beats out stocks, bonds, savings accounts and even the Great Recession's investment darling, gold, as the favored form of long-term investment.

I have learned from the school of hard knocks (yep, the recession got me too!)

Lower courts have no legal precedence to reference to stop it.Now that this is part of the play book, we could see eviction moratoriums put in place during a recession, during a natural disaster or during the next pandemic.

We have weathered (no pun intended) Ivan, Katrina, BP, and the Great Recession along the Gulf Coast, so it can be done.

• as a wholesaler, are you still confident that you'll have a reliable list of buyers even during a recession-like environment?

When I first moved here in 2014, the oil boom was pretty much ending and the local recession put a LOT of people out of work in the oilfield.