The phrase "buy the rumor sell the news" just might fit here.Long term the trend is still up, IMHO

Well, I am certainly not a professional investor, nor do I have a ton of market knowledge, but what I can pass along is a quote from one of the best: "“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.†-Warren BuffetI think what he is saying, is that if you try and ride the trendy wave, you wind up crashing on the trendy beach.

That figure averages rents for units ranging from studios to three bedrooms, but the trend is just as pronounced for each size.

They will bounce, but the trend is down.

Columbus multi-fam housing stock is highly fractured between expensive wealthy suburbs/trendy gentrification areas and urban decay, with very little in between.

Some titter for many years before they go bust and other get discovered by young yuppies, artists - you name it, and become trendy. - Go figure...

Here are some Detroit suburban neighborhoods that should be OK from what I remember, and seemed good in Dec 2007, in terms of not hearing gunshots: (Trendy/Hip) Royal Oak Ferndale (yuppie middle class) Sterling Heights (Middle Class/working class) Warren St.

while the decision is dependent on location and individual preferences , the national level trend is clearly tilted towards "Homes & houses" compared to hotels.. post covid world you are looking at more and more bubble groups renting out houses to share costs... even with a higher nightly rate ..large houses with plenty of living space seem to be winning over more and more families.. a hotel may be good for crash pad scenarios however when you are considering getaways .. more and more will eventually be attracted towards houses instead of isolated hotel rooms. 

That trend is likely to remain for many years if not forever.

And this trend is only accelerating.