We’re not heading for a crash, and with rates dropping, we could even see more activity in the real estate market, but it’s clear that things are shifting.

The Covid crash in 3rd week of march 2020 was bonanza for me.

Houses have the ability to crash but rents on the other hand generally stay steady and increase over time.My real point to you is that if you buy in a neighborhood that is predominantly owner occupied and then decide to rent later, it will be hard to find good renters on a consistent basis.  

The prices folks were buying these rentals for or getting refi apprasials for were avearging 120 to 150k per house.. probably right about were they maybe today.. the market in a well documented crash in 07 08 and it started getting weak in 06 actually.

But then as the home prices kept going up, they decided to get out of the market, thinking that there would either be another crash or home prices had gotten too high at that point.

- 2011 (you know when the MARKET CRASHED)Average Days on Market: 71 | Last time it was this high?

Maybe playing with fire to crash the economy short term but will it have long term benefits  - who knows.

The guy I spoke to said something like "it would have to be a huge crash" but on the other hand, we're in some very dark and choppy waters these days.

Otherwise it would be like giving your teenage kid a new car, which he crashes, and you just buy him another one without talking about responsibilty and consequences. 

So I was in the middle of writing up a post on "at what point do you consider backing out of a deal because you've cashed out stocks for a down payment and then the market crashes..."