So after Hurricane Katrina happened a number years back there was a spike in demand and prices along the coast for a houses that were move in ready condition. 

When markets go down, your class A home won't drop as much and will spike in next bull run.

But in any other country, 2 years ARM is normal hence in another country, seeing people losing their homes after the gov. rate spike is normal.However, this gives an opportunity to an "opportunistic" funds to buy down those debts at a massive discount, it's just the debt holder of low rate/MF investors would be wiped out.

Interest rates have spiked since then. 

In the past, we are use to having a spike for a day or two and then warm weather returns.

Even if the residents use the space on average once a month, it's the sellin point during the initial showing that spikes their emotional level giving them images of the potential with the space.

Foolishly installed a smart oil gauge to track oil usage and predict spikes due to windows open or other tenant bad behavior... before realizing I don't control their WiFi and don't have cell coverage in basement to link to a cellular hotspot (oops). 

Second, The tenant covers all the expenses of the building, so if insurance or property taxes spike, the tenant covers that instead of us.

After April we may see spike due to rate changes.

I’m personally selling Puts on Caterpillar and Live Nation next week if the market drops after this spike on Friday.