There are some other factors that play into it short term like interest rates, elections, pandemics, speculation - but it seems to me they have only superficial short term impact, like throwing a rock into a wave.

In 2021, during the pandemic, my family sold their business and land and decided to invest in multi-family units in the East Bay through a 1031 exchange, which turned out to be the best decision ever.

Ways to reduce the burden of your mortgage while living in the property: Roommates and Airbnb (when we get through this pandemic).

The rents in Lisbon already low compared to the property prices, have dropped significantly since the start of the pandemic as empty short-term rentals were converted to long-term rentals.

Our properties appreciated during the pandemic and rents rose, but before that the last wave of appreciation I've seen was in the aftermath of Hurricane Katrina (New Orleans doesn't fit in Jackson.)

Once you get your inspection done, and lease signed, it takes months to receive your first payment, and god forbid you miss your deadline for renewal etc… i’ve had them hold money until you get everything signed, and don’t usually pay the arrears😳The other positive note, my hedge fund I work with received all their rent money during covid/pandemic unlike some that got shafted on theirs 

Here, homes once eagerly bought up during the pandemic rush are now seeing 'For Sale' signs stay longer, as rising climate risks and soaring insurance costs dampen their appeal.

I found a recent Roofstock article that outlines some of the positives in the area, including:-A four week supply of housing inventory (probably a little lower now since the market has been hot and this article was written back in December 2020)-A 9% economic growth rate, despite pandemic pressures.

I am considering going out of state where the cost is more affordable but I am not sure if this is the best approach since I have limited experience ( I only have had one investment property that I rented out (managed by a property management company) and sold off a few years ago before the pandemic.

So many of my friends have been burned in CA, especially during the pandemic.