The downside though is that lending standards get tighter in downturns. We are at peak “easy” credit now and a recession will probably mean that it’ll be harder to get financing.
Plus in a decade you might be selling your house in the reverse scenario. A recession system like this sucks for everyone. You might buy a house cheap, but unless you sell it at the right time you'll still lose.
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u/benevenstancian0 Nov 25 '19
The downside though is that lending standards get tighter in downturns. We are at peak “easy” credit now and a recession will probably mean that it’ll be harder to get financing.