Are we really at the Peak of the RE Market Cycle?

[Avel Arci]

Are we really close to another RE Market bubble-bursting Cycle? How to prepare and pull the trigger for the "blood in the streets" Cycle? I'm still a newbie at BP. I've been looking at the numbers on a couple of hundreds of properties now. Practicing to identify a rental property based on the 2% rental rule. Nothing so far. I noticed most of the properties being sold were/are already in the high decile of the 2007 peak, even though not all of them have recently been upgraded. I'm guessing the downtrend is close by, perhaps, a few months or a few years. As a newbie, wanting to get into RE Investing: 1. Is my concern far from reality? 2. What actionable steps should prepare a newbie to pull the trigger when property prices drops again? 3. I'm thinking of saving hard money for down payment on MFRs or a couple of SFRs if another RE bubble bursts. Is this a sound approach? How are you preparing for the next RE bottom? What's your best advice based on your analysis and experience? Appreciate your thoughts..