You could be right and prices come crashing down....BUT then again what if there is a reset of the global currency and the price of assets spike.

Historically low mortgage rates are spiking demand for real estate, as buyers rush to lock-in low monthly payments.

But if they did not miss a payment before entering forbearance, they don’t count in the suddenly spiking delinquency data."

We are weary of a potential spike in housing inventory next year and want to have cash to be ready to strike.

Or a spike in interest rates?   

But David, you bring up a good point about the appreciation spike occurring and while I am focusing on cash flow, appreciation is a very important thing especially if it can plummet in a short amount of time.

Many successful old time investors have dumped a lot of their San jacinto stuff recently because of this spike.

Our market has very flat spikes in good or bad times, so I would qualify it as steady.

We didn't experience a spike in our electricity bill due to this.

When evaluating know in general d grade expenses spike and reliable pm is not feasible so really only self managed properties work and from CA that voids that option.