It's probably one business that just only sees some massive spikes, and almost no lows but rather steadiness.

Electricity can also spike in the summer with A/C.

But this could change if the default rate spikes and there is a major downturn in the market.   

Then years later forget about it leading to you or lender spiking your escrow charge for a year costing you a couple thousand then you ask why and it's because of that then you redeem it after feeling the burn. 

For example, during the pandemic some materials costs spiked wildly, as a result of supply chain issues and shortages, but have since come back to reality.

Electricity can also spike in the summer with A/C.

I'm not saying it won't, I'm just saying, the options aren't just boom or crash.The Fed itself has its own real estate crash indicator, namely the foreclosure trend, it's at all time low and never spikes up.

My dad was doing sub to and wraps in the last interest rate spike 1980 to 1985  he even had a company called California wrap LOL this up and running before most of you guys on his site were born.

From an economic standpoint, inflation is up again which has again lead to another spike in mortgage rates which is good for nobody.

Back then, I snagged properties at $85,000 that rented for just under $1000 a month.Fast forward a decade, and those same properties are going for $130,000 to $140,000, with rent not seeing the same spike—maybe $1200 today, if you're lucky.