Five months ago on here you had everyone being an economist saying  real estate was going to explode this spring because rates would drop dramatically.

Your phone is likely to explode with unwanted calls.

Floating rate debt has worked in the past, and it could still work today as rates most likely will go down over time, but with our debt exploding, will they really?

Look at your monthly payment (PITI = Principal,Interest, Taxes, Insurance) + HOA + (other maintenance fees if any) and if this amount is less than what you charge for rent (whether its Long, Mid, or Short Term rentals) and you are happy with the positive cash flow, then yes.Or maybe you're breaking even with the condo but you have  knowledge that the condo will explode in value due to some business/attraction/law/policy that will prop-up the sales price in the near future, then yes.Really, it boils down to what your goals are for this first investment.

home prices exploded and so did the rents.  

Since rates exploded, I have not seen any killer first-year deals.

Do you routinely hear horror stories about them exploding or killing people?

I think if when rates dip into the 5's or high 5s the market is going to really explode.

It’s your fault if you built into your numbers ever exploding rent growth.

Sometimes if a small suburban market is exploding with growth turning into a strong suburban market than lots of brands want the corner.