Seems to me that a 30 year time horizon is too hard to forecast.  

It also depends on the individual, his or her total plan, time horizon, and other factors.

It only doesn't make sense, if you have a short time horizon for being in that loan. 

This is usually for owner occupants, so if you have any interest in a longer horizon BRRRR where you live in it while fixing it up this will be a good bet.

I love California, been raised here nearly all my Life but there are so many factors both personal and business that are pushing us to explore new horizons and Arizona really aligns with our pursuits!

Another fun fact; Those who DID accurately forecast things like the 08/09 collapse and other major market shifts, exactly 0% are forecasting a housing collapse in any future on the horizon. 

Obviously I understand that the property will increase in value over long time horizons.

There’s no crash on the horizon.

I'm hoping to close on my 4th property next month and actively seeking to add 3 more as soon as I can.One issue I see on the near horizon is running out of capital for down payments. 

And the/my timelines and horizon for return have changed for obvious reasons.