Especially as speculative as short term rentals.

No apartment more than 50 units was delinquent in their mortgage during the last downturn.  5) Phoenix - my home town, much more diverse, don't be fooled by what happened in 2009, that was not Phoenix but a result of dumb lending practices fueling speculation. 

Do you think I am better off staying put saving cash and investing elsewhere or move into something like this, reducing my cash I can save monthly but securing this 2-3 year live in project in Austin in the mean time (speculating that I could refi).

Thanks :)Prompt:2023 essay topic:The real estate market slowdown and its effect on foreclosures in 2023There is much speculation on how the current foreclosure market will evolve due to a variety of factors such as:Rising inflation costs.Rising mortgage rates and higher monthly mortgage payments.The expiration of COVID-related forbearance and mortgage protection programs.Discuss how these factors will change the foreclosure market in the coming year.

Sure won't bother the speculator / gambler.

Which also means more development in the same area, especially for aging population. from the speculations I see into q2 2024 and reports, rates are expected to drop. we are at the same single family home sales as during the recession (approx 4 million homes per year)

With over three-quarters of new development having a tenant in-place at delivery, the U.S. retail market has faced virtually no threat from new supply, as developers and banks continue to shy away from large speculative retail projects.The vast majority of retail construction activity consists of single-tenant build-to-suits or smaller ground-floor spaces in mixed-use developments.

Would his suggestion generally be speculating that the housing market is due for a price correction and can be very well wrong?

Find an area you can expect to appreciates at least on an average rate (nothing speculative!)

This, of course is speculative.