(thanks to parents for paying for college)  I'm frugal on most things (though I eat out way too much)  The runup in seattle area RE hasn't hurt either,   though I also rode through the dot com crash about a year after buying that first house, and the first RE crash a couple years after buying that triplex;  In the former case especially luck was a factor in staying employed,  else my life could have gone in substantially different direction.I really like a comment prior about producing more than you consume and making things better.  

DemandWe lost some 80% of builders and developers in the 07/08 crash.

Recession...NO....slow down/decent sized correction....HELL yes.....The bigger the rocket, the bigger the blast when it explodes.....all good parties come to an end.....a smooth slow down is WAY better than a crash

As we know many markets have rebounded from when the market peaked/crashed in 2007?

An advisors worth is what your portfolio does when the market starts to crash, which it will.Unless you are doing analysis of companies and industries, delegate that.

Tampa and the Government took almost all of them away with the 2008 Crash in the Economy.

between cape coral and lehigh Acres there are literally close to a million of them and they have been swapped traded lost for tax's  prices run up prices crashed for the last 50 years.looks like it could be sustainable this time around.. 

One friend had a hard drive crash that wasn't recoverable and the other had a virus that corrupted everything and wasn't fixable.To my knowledge, no large cloud based service has ever lost data for any substantial time period. 

sounds like you want to be the Capitan of your own ship,, You may want to layer these dollars like a pyramid.base is ultra low risk then middle is medium risk and top is aggressive risk growth.Notes done right can be very good and passive.. there are any number of good syndicators out there.. suggest ones that have worked through a crash or been at it a decade or more. 

His partner (lives across the country) lost all his retirement in the last crash, so I assume he needs the money.