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Real Estate
Reply to "Impending Recession and Selling Our Condo"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]As we've seen time and time again. The beltway is immune to recession.[/quote] No, it's not. I picked up my house at a huge bargain in 2009. [/quote] Maybe you did. But statistically, most areas inside the Beltway suffered minimally from the 2009 recession. OP, someone on another thread pointed out humans have short memories and in this case many people only remember the 2009 recession when they think of recessions. That was an extremely bad recession for a variety of reasons, but most recessions are far less painful and last less longer. The current underlying economics suggest if there is a recession it will be short lived and barely noticeable for many people and will be forgotten in a year or so. Panicking is not a sensible solution. You're more likely to lose money trying to prepare for an elusive recession than to stick it out and weather it. [/quote]
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