Are we in a recession? A lot of people certainly think so. After a surprisingly accurate recession indicator went off weeks ago, more and more Americans have begun to believe that we’re already facing an economic downturn. The problem? We rarely know we’re in a recession until we’re out of one. So, how can we be sure we’re in a recession and not just seeing a boomerang effect from the hot post-pandemic economy? For many Americans, it sure FEELS like a recession. Unemployment has gradually increased, the cost of living has risen significantly over the past few years, and men may be buying fewer pairs of underwear (that’s actually a recession indicator). So, if we are in a recession, what should real estate investors do now to prepare so they don’t get the rug pulled on them before it’s too late? Do you sit tight or start contemplating selling properties? Dave, Henry, and Kathy all share what they’d do in a recession, the not-so-obvious signs of a recession (or a recession in your specific industry), and whether or not they believe we’ll be in a recession over the next year. If the worst has yet to come, you’ll be able to spot the signs of a coming recession after this episode. In This Episode We Cover Whether or not we’re in a recession right now (and signs of one) The one recession indicator going off that’s pointing to an economic downturn Signs that we’re already in a recession and what we would do during one How to deleverage yourself from riskier properties if the economy starts to slow Whether or not a recession is still in the cards over the next year  Why it may be time to start saving once your husband/brother/nephew stops wearing new underwear And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find an Investor-Friendly Agent in Your Area See Dave at BPCON2024 in Cancun! Dave's BiggerPockets Profile Henry's BiggerPockets Profile Kathy's BiggerPockets Profile On The Market 238 - Recession “Yellow Flags” Emerge as Unemployment Metric Rises Get Your BPCon2024 Tickets!  59% of Americans wrongly think the U.S. is in a recession, report finds Grab the Book “Recession-Proof Real Estate Investing” Jump to topic: 00:00 Intro 03:08 Is This Time Different?  04:26 Recession Indicators  09:21 What Does “Recession” Mean? 20:15 What to Do During a Recession  27:38 Are We in a Recession? Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/on-the-market-247  Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices