NO inventory pent up demand..high paying jobs.. could the market slow for sure.. but a big bubble burst with price crash I don't see it.and PDX was one of the mildest hit markets in 08.. the high end got clobbere IE 1 mil plus but the starter stuff nd mid range only fell 10 to 20% at the worst of it

So, there is pent up demand for new housing, existing housing, and affordable rentals.

Can make great money as in many warm belt states retail was not overbuilt in the last run up so pent up demand from investors to buy quality assets. 

I would add a couple of things:I think we will see some exuberance of pent up buying/selling during the first part of Ken's lag. 

interest rates in the last 2 weeks have gone downLA has a lot of pent up demand, and very strong rental demand.  

Inventory is still historically low and still a lot of pent up demand and people relocating to area.On a whim I looked at a major fixer/rehab SFR (as in,  cash buyers only,  bring your dumpster, excavator, and bilge pump on day one) but they still think they can get twice what it would make any sense to buy at.    

Let's face it - we are at the top of the market (likely) and it is still strong now - only because we have an inventory shortage still and pent up demand because our real estate market was closed down for 6 weeks - but once many of these loan deferments come into play, people get off their big employment checks, and we see the covid shutdown results, I think we could be looking at a down turn. 

This year is a bit slower than last but it seems like everyone is going to Europe to meet pent up demand from COVID.  

Pent up families from all over the world are eagerly awaiting to travel.You asked about Windsor Hills, I am under contract on a townhome there now.

You can't self manage buy and holds with self directed funds though.I 1000% agree with Kevin about his remarks of analyzing deals based on mls data may not seem like good deals but by putting offers in front of the seller with numbers that are a good deal for you is how you find sellers willing to entertain what you deem to be a good deal.In regard to the unemployment numbers I would add that if unemployment were to go up inflation would come down and so would interest rates and then all the pent up demand that is waiting for rates to drop would jump back into the market that already has low inventory and the housing market wouldn't decline.