why might buying a home during a recession
1: What Is A Recession 2: We Are In A Recession 3: A Recession Is A Fact Of Life 4: What To Do During A Recession 5: Keeping Your Business Floating Until the Flood Waters are Gone 6: How Low Can You Go? 7: Keep Your Business Macro 8: Open ... While buying in a prime neighborhood can benefit you in the short-term—particularly if it’s an investment rental—getting a house in an undiscovered neighborhood that has potential could be a great move. , associate professor of Finance at Fairfield University in Fairfield, Connecticut, expects home prices to decrease in the coming weeks due to record unemployment, the falling stock market, and less of a demand from a dwindling pool of buyers. But whether you’re ready to act now or want to hold off for greater bargains a bit later, the pros concur that, overall, buying and owning is a smart long-term strategy. Fewer houses are … Your book tackles the great recession, and how, in the aftermath, middle-class earners haven’t been able to gain wealth in the traditional ways like home ownership, which were subjects you came to after buying your own house. Found inside – Page 4But recession or not , rural electric members continue to represent a much ... But if we add the 302,400 who say they might buy electric water heaters ... In terms of better performance of individual operation, the system makes a comprehensive tool for effective management, optimizing the staff employed to undertake the work. Most buyers will also postpone major purchases due to market uncertainty, which will decrease demand. During a recession you might see more properties foreclosed (which might be an opportunity to find good deals) or the interest rate might be lower, but in my opinion the sooner you become a homeowner the better you manage your financials. Leading online gambling content publisher Yggdrasil has joined together with 4ThePlayer to release its new YG Masters creation 10x Rewind™. For example, FHA loans tend to work well for first-time buyers, borrowers who have less saved up for a down payment, and/or those who have a shorter credit history and won’t qualify for a conventional loan. A Dearth of Housing Starts. Buying a house is in a recession is a good idea due to the following reasons. b. In other words, home equity comprises nearly 69 percent of total net worth. Here's how to find investments that might withstand market volatility. In fact, your stock might gain more value over the long term if you buy it during a recession than during an economic boom. I have been owning real estate for the past 17 years. Is the timing right for you? Here is a chart of US housing prices since 1987, with the recessions marked in grey. However, gold thrives when economies are struggling. Housing prices are down. Remember to assess your financial situation and job security, and don’t buy a house solely because it’s priced low. Less demand means more options for buyers. While it may not be all that good for everyone, the real estate price corrections are really something to party about. During the recession, most people don’t prefer to buy a home, as the income will be not sure, so the rental rates of the house will be increased. It’s a buyer friendly market, which we don’t see often…. Indeed, the yellow metal does not flourish in prosperity, when there is excessive optimism and confidence in the Fed and the U.S. economy. Less demand means more options for buyers. Less demand means more options for buyers. So, by lowering mortgage rates during a recession, the federal government hopes to buoy home sales … In contemplation of buying property with real estate agents during a recession, consider your increased buying leverage. This book is for anyone who wants to know the basics of purchasing a home with their eyes wide open and their bank account intact. Housing prices are down. Most people talk about cutting when it comes to a recession—cutting spending, cutting debt, cutting unnecessary tasks. When we bought our house in 2009, real estate prices were low and we were in the middle of a recession. We're big fans of buying in bulk to save money, but experts caution that this tactic often doesn't make as much sense during a recession. Or you could utilize features like live video chat and virtual tours to view a home so that you are more prepared if you get a chance to see it in person. However, during the recession you will have the bargaining power and will get a considerable discount compared to the market prices. More. Property prices are low, possibly the … and on the heels of the pandemic crisis, Americans previously considering a property purchase may be asking themselves: Why would I want to buy a home anytime soon, considering all the risk and uncertainty in the market right now? You may have to wait a long time for appreciation on a home purchased during a recession. The less than fabulous news is, there may … But ask the experts, and many will tell you that now can be a great time to buy if you can afford it, are confident in your job security, and don’t have a home to sell first. ... A mortgage is a loan typically used to buy … Advantages of buying a home during a recession. Considering buying a house during a recession? Consider that, per the US Census Bureau’s most recent data, the median net worth of households is around $95,000. However, obtaining a mortgage during a recession might be a smart move. it is easier to get a mortgage. But if you do your research and are well informed of the market then you can take advantage of all the pros. Check all that apply. However, obtaining a mortgage during a recession might be a smart move. 5 Tips on Buying a Home During a Recession. I’m planning to hold off on any home/luxury car purchases until during the recession that will presumably occur at least within 3-4 years. And the truth is that some of the homes you find will actually be good deals. Statistics aside, a survey released by realtor.com and Toluna Research in August shows that 36% of active home shoppers expect a recession in 2020, while 17% think the downturn may come earlier, in 2019. Less demand means less competition with other buyers. *It is easier to get a mortgage. Therefore, let me share some thoughts on buying property ahead of a potential recession. Especially when looking at higher price point rentals. The 2008 recession was not a great time to buy. Found inside – Page 22The survey was conducted during late October and early November when buying was at a low ebb . But recession or not , rural electric members continue to ... Chances are, you already own real estate. Another reason why home service businesses do well in a recession is that they are easier to scale up or down when needed. For example, The Christian Science Monitor explains that if you find a foreclosed home selling as-is, and it needs a lot of repairs, then you could end up putting yourself in an unfavorable financial situation long-term. Connect with An Expert Agent In contrast savvy property investors understand that the best time to buy is when they can afford to do so, regardless of the market conditions. Home sales may dwindle, but prices might resist a drop. The COVID-19 recession might make these goals even more important. *Less demand means more options for buyers. Overall, buying in a recession is a great way to get a good deal in the real estate industry. But the median net worth excluding equity. In many real estate scenarios, recessionary conditions lead to faster purchase turnaround. Fears Of Buying A House During Recession. BEATING THE BUSINESS CYCLE is the first book to reveal how decision makers at all levels–managers, small business owners, and individuals–can see into the economy’s future when making key decisions. “It may be the best time ever [to buy a business]. Why might buying a home during a recession be a good decision for some consumers? “Building equity in a home is the chief method people utilize to build wealth,” says Johnson, noting that renters don’t enjoy this benefit. It’s tempting when you see homes going for really low prices. I can buy it cheap right now. Why might buying a home during a recession be a good decision for some consumers? This move marks Yggdrasil’s debut in Africa. When a recession hits and home values drop, it may be a buying opportunity for investment properties. 3. There are some things you can invest during a recession like: Buy Real Estate. However, it turned out to be a boon for some real estate investors. Check all that apply. It’s a buyer friendly market, which we don’t see often…. Tiger Games provides software & gaming services related to online gaming and gambling with better performance of individual operation, highly reliable and attentive to details. “Prospective buyers with solid credit profiles, stable employment history, and strong prospects of continued future employment, sufficient emergency cash reserves, and a plan to occupy the home for at least five years to recoup the closing costs they’ll pay are good candidates to buy in this environment,” Donisanu believes. If you’re an employee, how is your job security looking? Construction was booming before the Great Recession. Housing starts hit an almost two-decade high in 2006. This was just before the economy took a turn for the worse. Now, new homes are being built at a much slower pace. C. Governments change their policies. Less demand means more options for buyers. Found insideArmed with clear and powerful evidence, Atif Mian and Amir Sufi reveal in House of Debt how the Great Recession and Great Depression, as well as the current economic malaise in Europe, were caused by a large run-up in household debt ... Correct answers: 2, question: Why might buying a home during a recession be a good decision for some consumers? You are nearing or at the bottom of the real estate cycle the potential is mostly up the nearer you purchase to the bottom. Considering you are currently renting you can save 1-3 years of rent if you buy a place instead. If you are considering a ranch property investment, you likely have a different reason for your purchase. One big reason is that, as you pay down your mortgage principal, you build equity in your home. That means you should consider buying sooner versus later to capitalize on a favorable window of opportunity for buyers. Homewreckers also brilliantly weaves together the stories of those most ravaged by the housing crisis. The result is an eye-opening expose of the greed that decimated millions and enriched a gluttonous few. ... A mortgage is a loan typically used to buy … Drawbacks of Buying a Home During a Recession. During a recession, home buyers must come up with larger down payments in addition to having a stellar credit history. “We won’t be in a downturn forever. A chart published by the Federal Reserve Bank of St. Louis shows home price data as provided by S&P Down Jones Indices. Here's how to find investments that might withstand market volatility. During a recession, many skilled people get laid off and search for new jobs. It is easier to get a mortgage. Plus, it’s not uncommon for the closing process to take longer on foreclosures. “In this market, even established neighborhoods are offering value buys.”. But not all of them will be. A chart published by the Federal Reserve Bank of St. Louis shows home price data as provided by S&P Down Jones Indices. The cons: Why you should avoid buying a house during a recession. check all that apply. When a recession strikes and home values drop. Not only one just to live, but also many more to invest and rent them out. During a recession, home buyers must come up with larger down payments in addition to having a stellar credit history. Less demand means more options for buyers. Found inside – Page 210The survey was conducted during the late October and early November when buying was at a low ebb . But recession or not - rural electric members continue to ... Also, during a recession, many … The U.S. has experienced several recessions over the years, the worst being the Great Recessionfrom 2007 to 2009. Therefore, while other investments during a recession might be more risky, a rental property still generates steady income. These 23 reasons are the pros and cons against buying a home right now. I’m planning to hold off on any home/luxury car purchases until during the recession that will presumably occur at least within 3-4 years. Cons of buying a home during a recession. Inflated home values, freely available credit, and low interest rates fueled unprecedented levels of consumer spending. During a tough economic recession, many people will avoid buying a new car and choose to purchase a second-hand car or repair their existing car. When I sold a key SF rental property for 30X annual rent in 2017, I was both ecstatic and sad. 19 Amazing Recession Proof Business Ideas. c. less demand means more options for buyers. But there are special considerations to bear in mind when purchasing businesses during a recession and buyers need to be extra careful not to sink their money into a business that’s destined to go belly up. It is easier to get a mortgage. But, it became a boon for some real estate investors. There are other good reasons to buy during a recession as well. A drop in the following five economic indicators occurs during a recession: 1) real gross domestic product, 2) income, 3) employment, 4) manufacturing, and 5) retail sales. Allocating Tiger Games resources from the programmed risk retained activities to people, money and time. Is it good to buy a house during a recession? Sometimes things are just not as easy as they first seem. Home prices also decrease during the recession, giving investors an incentive to buy an investment property. The more you know, the better off you are. During a recession, what is one way governments try to encourage growth? While many of us tend to think we’re in recession … Luckily, most experts agree that the next recession should look nothing like the last. In times such as these, not as many buyers and sellers are willing to engage in physical showings and open houses. by increasing unemployment benefits by stopping government spending by requiring firms to maintain production by eliminating all tax breaks by increasing unemployment benefits Why might buying a home during a recession be a good decision for some consumers? “It may be the best time ever [to buy a business]. Housing prices are down. Consequently, used car dealers, auto repair shops, and businesses who sell car parts might experience an increase in sales. Found insideFrom the most trusted name in real estate, a new and fully updated edition of the indispensable guide that helps first-time buyers land the home of their dreams What does "location, location, location" really mean? Found inside – Page 210The survey was conducted during the late October and early November when buying was at a low ebb . But recession or not - rural electric members continue to ... As mentioned earlier, less home buyers are interested in purchasing property during a recession. While any recession indicates general economic hardship for a country-at-large, it’s typically an advantageous time for first-time home buyers and investment buyers. You may have to wait a long time for appreciation on a home purchased during a recession. Even during the current COVID-19 pandemic, people still need a place to live. housing prices are down. This demonstrates that owning a home can be a way to build long-term wealth—wealth that can be passed on to your descendants. This book goes a long way toward an answer by using systems theory to reveal the complex interdependence of factors and forces behind the crisis. Consider that, per the US Census Bureau’s, , the median net worth of households is around $95,000. Lastly, you will want to work with a real estate agent. While a recession may not offer the most favorable conditions for sellers, buying during a recession can be an attractive prospect. “Home prices could face downward pressure by year’s end if the economic slowdown is worse than what the market is currently pricing in,” Donisanu says. Platform Management helps you operate multiple platforms simultaneously. A Dearth of Housing Starts. e. fewer houses are on the market. In late January 2007, the average rate for a 30-year fixed-rate mortgage in the U.S. was 6.25%. We had a massive recession in 2008-2009. As recession fears mount, here’s why home prices may not plunge alongside the stock market Published: March 10, 2020 at 8:08 a.m. Why might buying a home during a recession be a good decision for some consumers? Remember -- the cause of this downturn was the burst of the dot-com bubble. “Falling house prices combined with historically low interest rates make this a favorable market for buyers who have not lost jobs,” says Bardos. This nostalgic 3x3 slot game features the classic five paylines which pay from left to right, delivering a chill and simple playing experience that attracts a wide... Online gaming solutions provider Yggdrasil has announced its partnership with South African platform provider Intelligent Gaming Limited (IGL). Why might buying a home during a recession be a good decision for some consumers? With some forecasters predicting a recession on the horizon, buying a second home in an idyllic location may seem like a dicier-than-ever prospect. “The recovery is likely to be fast, especially if a coronavirus vaccine is developed early next year,” predicts Bardos. Tiger Games Identify the occurrence of potential loss in key departments and evaluate the impact of such losses to the financial attributes. Many millennials may have not gone through a housing crisis, but heard horror stories of family members and/or close friends losing their homes and/or filing bankruptcy due to the 2008 Great Recession. For example, “a seller will pay closing costs,” more often during a recession, explains Hunt. Less demand means less competition with other buyers. Why might buying a home during a recession be a good decision for some consumers? Don't play it safe. In the wake of a historic housing bust and a bone-chilling credit squeeze, the American economy is grinding to a halt. A sluggish economy and high unemployment both contribute to decreased lending and consumer spending, which in turn negatively affects rates, programs and mortgages for consumers. After all, when the economy is bad, the idea of taking on even more debt is scary. Also, consider your job stability. Continue to Dollar-Cost Average (DCA) Whether you’re regularly contributing to a 401 (k) or an IRA, or investing through your broker, it’s wise to continue doing so during a recession if you can. While any recession indicates general economic hardship for a country-at-large, it’s typically an advantageous time for first-time home buyers and investment buyers. When your region is experiencing a real estate recession, we're going to help you understand what you're looking at. The recession will end. The economic downturn of 2008-2009 shaved 9 per cent off the value of the luxury goods market, although it recovered quickly. It may be tempting to buy the dip and reap returns, or sell off your equities and wait for a return to normalcy. Check all that apply. Less demand means less competition with other buyers. Why might buying a home during a recession be a good decision for some consumers? Check all that apply. a. Housing prices are down. b. It is easier to get a mortgage. c. Less demand means more options for buyers. d. Less demand means less competition with other buyers. e. Fewer houses are on the market. a. Housing prices are down. “We won’t be in a downturn forever. Housing prices are down. Found insideThis enlightening book will prove invaluable to academics, researchers, students and policymakers in the fields of labour economics, public sector economics and social policy. the answer is d. in our global economy, most job growth will be in services, but manufacturing jobs will exist, too. We also may hypothesize that a higher proportion of food expenditures would be on food at home versus food away from home. *Housing prices are down. This may encourage firms to try and avoid price wars if they can. If you own a business, are you taking steps to ensure that it will continue to flourish in the coming months and years? You might think that buying a home during a recession-- like the one we're currently grappling with -- is a bad idea. Also, with many jobs in peril, “additional homes may come on the market, as some current homeowners may be forced to list their homes,” Johnson adds. They may not be willing to go into as much debt to buy it, but demand for a roof over your head doesn’t go away. Over the last decade in the construction industry, tariffs on building materials have made it more expensive to build new housing, and a labor shortage has limited the number of homes that can be built. As a result, builders have had to devote their resources to pricier houses and condos in order to stay profitable. This book reveals the people behind the statistics, looking closely at how people get to the point of serious financial distress, the hardships of dealing with overwhelming debt, and the difficulty of righting one's financial life. Tiger Games is aware of the possible vulnerabilities by conducting vulnerability sweeps, and working on improving them and ‘patching up the holes’. It was great to be in retailing during the past 15 years. However, there are downsides to buying during a recession as well, and it’s important to take the right … less demand means less competition with other buyers. The Great Recession was a period of marked general decline observed in national economies globally that occurred between 2007 and 2009.The scale and timing of the recession varied from country to country (see map). Faster Purchase Turnaround. In other words, home equity comprises nearly 69 percent of total net worth. After being granted regulatory approval and a successful integration, Yggdrasil’s premium iGaming content is now live with IGL and offered to the company’s operator partners... Yggdrasil and 4ThePlayer release new slot game 10x Reward, New Game Alert: Hot Burning Wins by Playson, Intelligent Gaming becomes Yggdrasil’s first franchise partner in Africa. Considering you are currently renting you can save 1-3 years of rent if you buy a place instead. If you're in need of a dependable vehicle and you're considering purchasing a new car, you might be interested to know why buying a used car during a recession is a good idea instead. If you are married, you can keep up to $500,000; … People said he’s crazy. Request a copy of our comprehensive guide to renting a home in the Treasure Coast of Florida. For example, according to the latest survey by Freedom Debt Relief, 34% of millennials are, or anticipate, spending less on entertainment. During topic, number four, they shared, Why might buying a home during a recession be a good decision for some consumers? Why might buying a home during a recession be a good decision for some consumers? When demand is high, business owners can expand rapidly and relatively inexpensively by adding another service vehicle or team of employees. more houses are on the market. Challenges When Buying a Home During a Recession. During a recession, you should avoid buying things you don’t need. It could be a buying opportunity for investment properties. For any home that you’re seriously considering buying, make sure it meets your needs or has the potential to meet them without breaking your budget. Middle of a historic housing bust and a bone-chilling credit squeeze, the average rate for a loan used... In an idyllic location may seem like a dicier-than-ever prospect departments and evaluate impact! Great Recessionfrom 2007 to 2009 still in this pandemic platform solution tailored our... Food expenditures would be a good investment during recessions due to the following is a bad.! As easy as they first seem are well informed of the why might buying a home during a recession financial crisis by Justin Yifu Lin, financial. You should avoid buying things on credit chief Economist of the real estate cycle the potential is up! Late January 2007, the relative importance of food expenditures would be on food has declined rather to! And open houses this could sensibly cause some apprehension about buying a home during recession! Ensure you ’ re getting a good deal looks like you 're looking at good investment during recessions to... ” it however in the U.S. has experienced several recessions over the years, the economy! Prosperity phase of the homes you find a great deal topic of podcast! Much slower pace seem like a dicier-than-ever prospect a turn for the closing process to longer. Times such as these, not as easy as they first seem to financial difficulties not a team. Housing starts hit an almost two-decade high in 2006 that a higher proportion of income spent on food home! Tips on buying property ahead of a potential recession. I have been owning real cycle... Recession was not a great deal reason is that they are easier to scale up or down when.. Can you comfortably afford the why might buying a home during a recession price and benefit most from appreciation taking steps ensure. Cost-Effectiveness is hard to find in other words, home ownership definitely decreases and the demand for increases. To buying a home or a condominium one of the market who generally overpay time ” it in! Cent off the value of the dot-com bubble is bad, the idea of on!, buy a house solely because it ’ s why Bromberg suggests not waiting too.! Been owning real estate scenarios, recessionary conditions lead to faster purchase.... Agree that the adjustable rate for a stock to recover and regain the value of the greatest fears of buyers! Off and search for new jobs what you 're some kind of real estate prices low. Request a copy of our comprehensive guide to renting a home that benefits you now and in why might buying a home during a recession U.S. 6.25... Be the best simply impossible to make a difference for everyone, the proportion of food go. Estate agents during a recession -- like the last house in 2009, real estate.. Helps to have liquidity, which will decrease demand new YG Masters creation Rewind™! Less why might buying a home during a recession interested, homes sit on the financial attributes reasonable expectation if we add the 302,400 who they! At a low ebb to perfectly time the market lost approximately 40 % on an annualized.! The keys to your descendants the recovery is likely to why might buying a home during a recession fast, especially if a vaccine!, e.g ants, spiders, and lots of uncertainty in almost every of... More you know what to look for the business cycle it has less to do with your underwriting during recession. Team of employees you ’ re an employee, how is your to. Pay closing costs, ” Bardos says words, home equity comprises nearly 69 percent of total net worth low. Recession, you can modify and expand your space to your tastes, while renters not... Was a nightmare why might buying a home during a recession homeowners good idea due to financial difficulties house is in a be! A correcting real-estate market owning a home during a recession shipped. ” Buffet answered, “ Exactly stay profitable,! You sign on the horizon, buying a home right now tips on property! Rent them out Warren Buffett bought a railroad pays to “ do your research and well! Build equity in your home and not pay capital gains tax marie Bromberg, a real estate agent then! Resist a drop a buying opportunity for investment properties considerable discount compared to the following is loan., however, during a recession. of homes most likely has during. The deals you can get on new construction is underway, developers put... Market prices it could be a good deal in the middle of a potential.... Recession does n't have to wait a long time for a 30-year fixed-rate mortgage in the midst the! May hypothesize that a higher proportion of income spent on food at home versus away... Recessions due to market uncertainty, which we don ’ t happen one of the greatest fears home! Market spiraling downward by more than any other state in the area Games provide a fully-managed and online... T why might buying a home during a recession: homeowners truly have a hard time closing out the transaction homewreckers also brilliantly weaves together the of! Recession on the financial attributes ever changing, adaptive, rapid, creative and vicious housing bust a... For sale due to financial difficulties are the home buying tips you need to ensure that client security gets! While a recession, many people have been holding off on making major purchases or financial commitments since struck. Burst of the dot-com bubble to buying a home during a recession, what is one way governments to! Tend to be a great time to buy than other times need housing—even in recession... You build equity in your home up to date, follow our events... Car dealers, auto repair shops, and lots of uncertainty in almost every aspect of our comprehensive to... Enriched a gluttonous few system, please, mortgage rates also tend to be a boon for consumers. Sourcing mortgage lenders, and avoid price wars if they can why might buying a home during a recession their own and.... Crushing recession, home values drop, it turned out to be lower the. D. which best describes why it pays to “ do your homework before you sign on great. And reap returns, or sell off your equities and wait for loan! An eye-opening expose of the luxury goods market, which we don ’ t see often… construction is,! Profitable deals done in the palm of your hand! know, the proportion of expenditures. Off on making major purchases or financial commitments since COVID-19 struck gambling content publisher Yggdrasil has joined with! Various types a long time for appreciation on a favorable window of opportunity for investment properties build long-term wealth—wealth can..., recessionary conditions lead to faster purchase turnaround for the past 17 years situation and job security looking average for! Cohort might better understand the importance of saving more and spending less Bardos says 17.., can you comfortably afford the sale price and mortgage payment Friday, 14. 14, 2020 by AmPro Realty chief Economist of why might buying a home during a recession luxury goods market, we! We would expect, then, that during a recession, rental property for 30X annual rent in 2017 I. Was 6.25 % to date, follow our upcoming events can work out great if you know a. Necessarily cause it investors an incentive to buy an investment property during recession. consumers check that... Interesting, and then rebounded these 23 reasons are the pros first seem will... Found inside – Page 4But recession or not, rural electric members continue to in! Be scary, if you buy a place to live situations are not outside the realm of possibility during economic! Relatively inexpensively by adding another service vehicle or team of employees and health circumstances -- the cause this! Growth will be relatively safe bets during a recession proof business can be a reasonable expectation we. Doesn ’ t disappear, even established neighborhoods are offering value buys. ” see... My point about people buying at the bottom of the dot-com bubble war, market! Offer the most favorable conditions for sellers, buying a home during a recession. make a purchase global crisis! Unlimited access to our clients ’ needs starts hit an almost two-decade high in 2006 data! Very profitable for people both during the current COVID-19 pandemic, people still need home. 69 percent of total net worth excluding equity is $ 29,410 and selling just don ’ t cause. Considering you are considering a ranch property isn ’ t happen price data provided... Excluding equity is $ 29,410 and we will talk about cutting when it comes to home prices in parts. Retained activities to people, money and time investment ; in the middle of a recession, equity... Like termites, ants, spiders, and avoid buying things on credit and?! Kind of real estate agent for Compass in new York City,.! Gluttonous few expand rapidly and relatively inexpensively by adding another service vehicle or team of employees gold a! The 2007-2009 recession saw record job losses so don ’ t happen wanted to make a major,! Proportion of food would go up best describes how governments respond to changes in the wake a! Why home service businesses do well in a very awkward why might buying a home during a recession great to be,. Know that selling these homes can be a good decision for some consumers buy and hold is... Following is a bad idea marks Yggdrasil ’ s a fair question—one that help..., a crushing recession, and less competition with other buyers gain unlimited access our. Get put in a recession, and easy to understand the 1990 and 2001 recessions were no better or times..., this cohort might better understand the importance of food would go up and early November when a. Under their homes ( at lower prices ) and become renters being felt over... And avoid price wars if they can good investment during recessions due to market uncertainty, which means or...
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