I owned a co-op apartment and i bought in 2011 post financial crisis and have since sold.

That made zero economic sense, but I sure enjoy looking at it when I’m there.

Diversification of your portfolio, both geographically and by property type, can spread risk and mitigate the impact of localized economic conditions.

The biggest concerns are external factors from the president, the president did not have play in the S&L crisis back in the early 90s, and same for the 08 crash; the president did not effect that or have the ability to play a role in it to see the large down cycle. 

I would not count on appreciation being anywhere near there because the economic factors have changed--namely higher interest rates.

If your goal is financial independence, your financial future is tied to the long-term economic outlook of the city where your investments are located.

Look into Government and Local Programs: Check if you qualify for SBA or local economic development programs that offer lower-rate refinancing options.4.

In short , any rate/currency hike is causing liquidity crisis causing delay in ground up project even for project that was approved 2 4 years before the rate hike….

Personally, I want to inspect each property, check county records and ordinances, come to understand the neighborhood including economics, crime, taxes, etc.

I’m trying to be smart economically, but also get something that won’t cause us problems with low quality.