If you think the economic end is near, start thinking of ways to have a strategic advantage when/if it does happen, but also take a portion of your earnings and invest in case the sky doesn't fall.  

I would say "strategic frugality."  

In time you will be a party and someone will say "hey tell me about East Bumble and why invest there"4) its never ending, you need to be thinking about how you can add to your presence strategically. that takes time but you need to disciplined about adding content that is of value. 

And got called woke.You need to be quite strategic on locations-- coastal enough, yet central.

The small multifamily market is not good there but SFH is very robust.

A lot to unpack there, but what a narrative you have created from my simple task of asking investors how they strategically approach buying a primary home.

Similarly, controlled and strategic debt can be very helpful.  

owner occ houses are doing quite well right now given the rates.. so i dont see a crash if anything i see owner occ purchases at the median price point in given markets to continue to be robust.. and on the investment side a flight to fixed assets and safety even if their is a temp issue with getting tenants or collecting rent.... stability will be important..

We want to keep in mind that the GFC a lot of that was created by Strategic defaults owners who could afford the payments but chose to just stop paying live as long as they could for free in the homes..

And, essentially, that concept has drawn me to this industry-  the ability to have vision to see what potential a deal has and be strategic about which real estate strategy is the best based on current market conditions.