In the past 23 years, there have been two national recessions – the dot-com crash in 2001 and the Great Debacle or recession (interest-only loans were offered to subprime borrowers. These high-risk people are most likely to default on a loan. The banks offered them low interest rates.  But this “too-good-to-be-true” loan type resets to a much higher rate after a certain period. Home prices fell at the same time interest rates reset. Their defaults caused the subprime mortgage crisis) in 2008!

No one can accurately predict when the next recession will occur, but expecting one could possibly take place in the next 18-24 months is understandable. It is, however, important to realize that the impact of a recession on the housing market will in no way resemble 2008.

You can watch below about the TRUTH of our next recession!

Ray Dalio told Bloomberg he sees a 25% chance of economic recession in the rest of the year and through 2020, and that central banks can only do so much to avert it.

Dalio — who founded Bridgewater Associates, the world's largest hedge fund — listed four separate factors that he believes will affect the severity of the next economic downturn. 

The factors are:

• Effectiveness of central-bank policies
• The wealth gap, which will affect how the next recession will look "socially, politically, and so on"
• The 2020 elections, which he called "an issue between capitalists and socialists, or the rich and the poor"
• The emergence of China in relation to the US

Most experts, however, believe if there is a recession, it will not resemble 2008. This housing market is in no way the same as it was just over a decade ago. You can listen to my podcast below, "The Truth About the Coming Recession".

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