-JaredAffordability IndexAffordability is now a concern – only 44% of the people who make the median family income ($88,888) in the greater Phx area could have afforded what sold in Greater Phx in the 1st quarter of 2022Economists want this to be in the 60-75% range Mortgage Rate History chartInterest rates do not stay high or low foreverAt the tail end of a recession – it’s not uncommon for interest rates to come down.

I have also seen several people buy a house (40K) and work their tails off gutting and rebuilding the property putting another 60 to 70K (borrowed) in materials while recruiting friends and family for help only to see a 10K return in 1 year.

You will chase your tail.   

Of course, this is a very long tail event where probability is very low, but if you're into long term risk management, water availability is a big concern. 

I'm at the tail end of law school preparing to graduate next month in May from the University of Missouri-Columbia School of Law.

I bought my condo (primary residence) towards the tail end of 2018. 

In my local market of Newark NJ, I'm convinced it will not go down as much as other markets as Newark is receiving such a tail wind from the investors leaving NY that even if there was a decline in the market it would be a great opportunity to buy. 

After working my tail off as Pre-med for 3 years, I discovered I wanted to do REI and the last year was DREADFUL because I couldn't focus on anything but tests for which I have no use of in order to graduate and FINALLY start really learning real estate.

If I have 25+ years experience and have spent well over $100k in education over the years and worked my tail off to have closed hundreds of deals then that experience and knowledge are valuable to some. 

It’s VERY possible to save $15-20k per year while single and living at home if you work your tail off and live frugally.