I believe her when she says this is very rare and an anomaly.

It's an anomaly to a big city.

You might get some one-offs that you can close, but those anomalies.  

And if you look at charts, rates do not exclusively dictate the direction of prices, but they can effect the demand......And don't fixate on the last ~5 years and think those were typical, they're not, they were an anomaly based on many factors and not typical of market cycles or timing.

Cashflowing within the first couple years is somewhat of an anomaly due to the low interest rates of the last couple years.

But if you look at the historic graphs relative to (say) percent of disposable income, the charts are neither abnormal (not records at all) or alarming (mostly not anomalies and follow long term trends).

Last 4 years have been an anomaly so weight the pre 2019 data more than 2020-2024.

Cashflowing within the first couple years is somewhat of an anomaly due to the low interest rates of the last couple years.

If that 80 year old smoker understood that he himself is an anomaly, and just said, HEY...

@Russell Brazil 2008 was not a once in a lifetime anomaly.