This chart just came out today from our Arizona Regional MLS showing the previous states of September homebuyers.

I did charts.

In this case 9,600/193,000 which is just a hair under 5%

This website has some great info too and the chart over a 25 year period is very telling https://tradingeconomics.com/u...It's been over a decade since the crash and housing starts are still only a fraction of the pre-crash levels.

@Mike BianchiIt won’t let me put the chart up so I’ll try to word it out Rough estimates Purchase 1,300,000Down payment 30% Mortgage $5,838 Income Lot rent - 23 units X $400 = 9,2002bed 2 bath 18 units X $375 = $6,7503bed 2 bath 5 units X $450 = $2,250Vacancy 12% = $2,184 Expenses Insurance $670 Utilities $ 1,121Administration $ 170Managment 10% = $1,602Repairs 13% = $2,100 , $1,000 per unit per year Reserves $500 Taxes $565Other $860 Cash flow - roughly $2,700 Trash is part of the taxes County water Private Septic

Also Worc multis tend to still have knob and tube electrical, horse hair walls and lead plumbing.

I've shown chart after chart that RE only keeps pace with inflation.

I think installing one would be worth not splitting hairs regarding if you are legally required to retrofit or not.

If so this may limit such things as the type of windows to replace, the color (or type) of exterior work you might do...even if a fence is allowed to be placed on the property (and what type of fence).Gail Yep, great point...I've had to deal with 'Historic Committees' before...a bunch of blue-haired old ladies with too much time and power on their hands.

Asbestos and horse hair used to be put into plaster to stop it from cracking.Dealing with asbestos is much worse that dealing with mold.