ilmscore | Prediction Details
"What we learned back in 2008, while good in theory, the reality is banks stop lending during a recession. Credit gets a whole lot tighter. It's hard to get lines of credit. It's hard to get mortgages. It's hard to get credit cards and other types of loans."
By BiggerPockets | May 9, 2025 | Pending
From video
Recession-Proof Real Estate Investing (2025 Guide) 00:09:01 - 00:09:13
Interpreted Prediction
During the next recession, banks will stop or significantly reduce lending, making it hard to obtain lines of credit, mortgages, or other loans.

Prediction Details

Topic
Lending / Credit

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