Quote from @Paul Azad: Dozens of threads on BP, like this of excessive risk leading to excessive losses, hopefully nothing illegal, and likely to be more if US slips into recession.  

That, or an actual recession that causes people to take money out of equities and into the safe haven of bonds...

This was my slowest off season since the Great Recession (not counting Covid lock down periods) 2) when building up your reviews you will likely be best served by having a rate below market.  

Recessions have a good way of making anyone's conservative assumptions look not conservative enough.  

I have to expect we're in for a correction sooner or later given how long it's had a bull run (other than covid and the brief really shallow "recession" we had in 2022).But its returns will almost certainly be better than 6.5% over the long haul.

New electrical and plumbing were needed after doing the demo of the kitchen and bathroomsOn the buying materials, I did buy the kitchen cabinets (in-stock), countertops, bathroom vanities, tile and plumbing and light fixtures (not the recessed lights which the contractor bought).

Of course, if there is a severe recession and a "run on the bank" situation, then the redemption feature is gated.

Quote from @Michael Baum:I don't want to see a recession (full bore).

Both are irrelevant. 5+ years ago it was the 2% rule and I have been hearing it in REI meetups since shortly after the Great Recession (at least since 2012).  

Recessed lighting, switches and outlets