Or, will housing costs crash by 50% so we are back to a normal income to price ratio? 

Fl is crashing and is going to get much worse, especially SE and SW .

@Ivana Ivanovic most Turnkey Companies took advantage of the drop in prices after the Great RE Crash in 2008-2010.While values plummeted, rents didn't, allowing Turnkey companies to buy properties relatively cheap, fix them up and still sell at a profit due to relatively high rents.Around 2016, they could no longer do this with Class A properties, so they moved to Class B.Right after COVID, they were forced to move to Class C properties.What do you think most of them are doing now to justify selling at profitable prices for themselves?

They are just creating another bubble/crash so that the hedge funds come in and buy them at a material discount.I hope investors are not paying these prices.

(Car crash, dog attack, etc etc.).

In previous crashes, the market out performed class a whereas now, it is initially out performing A, but many economists are for casting a quick recovery for A while B and C take a few years to rebound fully. i think new buyers have to require a higher going in cap to protect themselves.

During the 2008 financial crash, property prices plummeted, but our clients experienced no decrease in rent or vacancies.My point is that the tenant segment your property attracts makes a huge difference in income reliability.What do I recommend?

Even if there is a crash, and people downsize, those people will have a need for self-storage, as evidenced by storage occupancy rates during past recessions.And during inflationary times, our rental rates increase.

It could take many years, don't be like the "investors" I know who have been sitting on the sidelines since 2016 waiting for a market crash that never came. 

Take a break from the forums for a bit bc you're making my attempt to gain info very unpleasant whilst at the same time being confrontational, presumptuous, and incorrect.