Essentially what @Omar Khan is trying to explain is that the high prices are due to very high demand and the only way that the market will collapse is if the demand disappears, which I cannot see happening with our high immigration rate and while ever everyone still only wants to live in the capital citiesDon't be fooled by the media speculation and articles posted on news sites etc about the "bubble burst" and "housing crash". 

A whole town is for sale in Georgia.https://www.nbcnewyork.com/news/local/Buy-Entire-T...Ho'okani

Specifically, I am looking for a duplex or triplex to live in and rent out the other unit(s) and begin to “house hack.”The good news is that I quality for a great first time home buyer conventional loan to buy a multi-family property with 5% down.

That good news in that it’s much easier to increase the value by forcing appreciation.I would do the math on your deal a little different

More info on the preliminary IRS guidelines can be found here:  https://home.treasury.gov/news/press-releases/sm04...Final IRS guidelines should be out by the end of the year.

Monday should bring some more news.  

How is this news generally being received amongst the local community/your neighbors?

We have to look past the news headlines, and see what is really going on here. 

It will be a domino effect. https://www.zerohedge.com/news/2018-07-24/china-ca...

Any news on this?