It appears that the value correction still will not put these properties at risk [nothing like the 2009]. I am facing the same dilemma. Wait to invest and see how the war will affect the global market, interest rates and inflation? Or buy now and start investing?
The challenge we face here in South Florida, like you pointed out, is that out-of-state investors are coming with cash which makes the inventory even more scarce for middle-class investors. That trend will not change anytime soon, since the pandemic changed the culture around jobs around the world and people are no longer tied geographically to their job sites. Relocations are a very common nowadays and Florida policies and politics seem very attractive to everyone else in other states.
Good luck!
