I wish it would stop also and expect it to cool down/level off one rates rise more. Prices could fall a bit but not dramatically because long term owners are protected by low rate fixed mortgages. They’ll just sit and wait for better times as a whole. Of course some always need to sell and things could pull back 10-15% next downturn but who knows when that is coming.
The answer is to hold RE here long term and let the passage of time do the heavy lifting to create generational wealth. I know an older Mexican woman up here. Her long deceased husband felt that way and bought as much as he could. She owns prime real estate through out Encinitas including a restaurant locals think is a drug front because it’s rarely open. It’s free and clear with minimal taxes on it.
Imagine how smart people that bought small houses 40- 50 years ago in Cupertino look;)
