Also, when the next recession hits, the Fed is basically out of ammunition to combat against it, so for the first time since the great depression I think we will feel the full brunt of the recession because there will be nothing there to smooth it over.

Austin has been fairly recession proof throughout the years and we are still going up. 

Keeping a couple of car payments and some credit card debut and rushing into real estate might not seem like such a great idea in a few years when there is a recession, one of you gets laid off, and your tenant moves out (think 2008,9,10).Here are some things my wife and I did that you might find helpful.1)  Pay off credit card debt, it's a killer.  

He's also in very lofty areas of Miami; which were the first to go in the last recession. 

Generally speaking South side n Subs took the biggest recession hit and some never came close to full recovery.

Even in the last recession, interest rates were in the range of 7%- you can basically spend double right now at 3% and get the same amount of house for the same gross expense. 

I was working in automotive when the recession hit.

One or all of these things will happen, and then COVID will recede into our collective memories.If you're focused on near-term questions, my top question is whether we'll have a recession or a depression.

Long story but I had a business that went south when the recession hit in '08. 

I believe Houston, TX was the first market to pull out of the housing recession when values recovered from their previous highs.