Economic downturn is a common situation that every single nation will face. The best time to purchase a house would be when economic recession. This is unconventional truth about real estate industry that everyone seems to neglect. You might ask, 'How in this world, it is possible?' There are several reasons that everyone need to know about this undeniable truth. If you look in the prospering economic situation, any land value will appreciate. The appreciation rate could be vary, depends on urban or rural area. Everything will be in opposite way during economic depression period.
 We always want something that is equally or higher value for our money. During economic recession, the first industry that will face big trouble is banking and investment companies. Government will always be helpful to large corporations that involved in real estate during crisis. Sometimes, the Government will even pump in some money to support the industry. Banking industry that blindly offers loan facility to those who are not qualify and have bad payment records might face serious problems during crisis. Banks that have good control with this issue might survive any crisis they face.
 During crisis, the value of property will drop. Those who have loan facility in any financial services might face a lot of problems to pay their dues during crisis. The buyer who failed to pay their loan for a period of time, have to let go their property for auction. Most of the auction prices will be cheaper because the financial institution just wants to cover the outstanding loan amount including all the auction and legal fees. In economic crisis period, this kind of cases will happen in higher frequency. This is just an example of why property value drop during economic downturn.
 If you are going to invest in property industry, survey and do some in-depth research about the property that you are going to purchase. Make sure you don't have any regret after the purchase. Also, make your property as a money maker from leasing or any other business activity instead of leaving it emptied. This is the true return of your investment. When come to property business, many will create many impressive stories and hypes to attract buyers. Don't fall prey for these scams and get something valuable for your hard earned money.To put it in simple, most of the land value will be dropping during economic crisis. During this period, you have the upper hand to buy properties at lower value. You might ask, 'How long I need to wait for the economic crisis?' The economic downturn is predicted once in every 10 years as most of the professional economist suggested. If you live up to 70 years, most probably you would hear about this crisis at least 7 times in your lifetime. Personally, I heard about crisis in 1987, 1997 and 2007. If you could see the picture, it is happening in every 10 years bubble. Most probably it will repeat in 2017 again and once in every 10 years thereafter. This is just a simple prediction about economic crisis.
 Good Investments!