It's a phenomenon that has been observed since 1800 when public land sales began in the United States. 

However, I've observed other houses in the area without original windows, some even rebuilt with new windows using a single-family permit.

The simplicity in your method underscores a vital point: the essence of real estate isn't in perpetual preparation but in taking decisive, informed actions.Your observations hit home—there's a sea of self-proclaimed experts, and the paralysis by analysis is real.

My point is that observing the 2008 GFC it seems like interest rates are a leading indicator for future delinquencies, and that delinquencies tend to lag by about 2 years.Should we expect something similar to happen again in the current market?

Hi Andres, All good questions/observations. 

At least that's my recent observation.

By looking at the demand hotspots in Okaloosa Island, one can identify two demand hotspots, west of Highway 98, represented below: Some observations: The area around Breaker West Condominiums exhibits the lowest occupancy rate, average daily rate, and average stay.The area southwest of Santa Rosa Blvd. features a higher number of Airbnb listings (with +30 reviews in the past 12 months), spread across a larger area.As a result, we will narrow down our analysis in the following sections to the area southwest of Santa Rosa Blvd.

The latter takes it all but, as he does so, says, “I am taking this only so that you do not think you have failed to do anything.”During the many years the man observes the gatekeeper almost continuously.

By the way I have observed that comparing to last year same period, comparable SFH is cutting the price 10%.

I like to remind myself that I am an investor not an observer.