Real Estate market crash 2021 - What is your opinion?

[Artur A.]

I have a dilemma.

I am thinking about buying my first investment property, a multifamily complex or duplex/triplex (up to 500-550k). Thinking about picking between Cincinnati, Cape Coral, Albuquerque, San Antonio. Do you think it's worth investing my time and not extremely complicated to get a good deal or should I wait until the market crash (that might happen this year)?

The second option is to invest in ETF (S&P, Vanguard) and FAANG tech companies (Microsoft, Amazon stocks 5x in last 5 years).

I'm looking for a long-term investment (10-15 years)

[Robert Carmody]

Albuquerque tends to be a stable market with very little volatility and steadily gains value at about 3.5% per year, on average. The climate is fairly mild, and without extreme weather conditions that cause wear & added maintenance/repair costs. Rental market is strong with steady supply of good quality renters, between the Air Force Base, Sandia National Labs, Intel, Netflix Studios, NBC Universal studios, new Amazon facility, T-Mobile/Sprint call centers, several major hospitals, medical research centers,  University of NM, Orion Center -  aerospace, and other tech companies newer to the region. The highlighted years in the image below are the only years where Year-Over-Year prices declined over the last 36 years. 3 of the 5 years were during the "Great Recession", and one of the other 2 years was a decline of only .16%.