Are you going to do buy and hold in 2023?

[Jin Zhang]

Hi everyone, 

I have been seeing a lot of discussions about the real estate trend in the coming two years. Due to the raising interest rate, the majority has been predicting that the real estate price is likely to drop in 2023 and 2024. The drop could be up to 20% in certain areas. I am wondering if people are still doing buy and hold? If we purchase a cash flowing property, the property value might drop 20% by the end of 2023 or 2024. This could mean fewer deals due to higher entry price. Should we just wait a bit for the price to drop a bit more? Are you still actively buying buy and hold deals? What is your view on this? Anything input is appreciated! 

Thanks,

Jin