Warren Buffett recently told his shareholders that they should expect stock in his company to lose 50% of it's value sometime in the near future.

I am based in south Florida, I am an  IT guy by  profession and have been in this industry for the past 12 years, up until 2017 the only connection I had with Real Estate is my primary home.From listening to podcasts and reading few books I've realized that Real Estate is the investing vehicle  I want to go forward with, I am not a fan of stocks but funneled money to my 401k all these years just like most other folks do. .

This area has a lot of housing stock that is just garbage.  

Assuming the OP and his partners are active investors that is..... and that they are not going broke....Why not save this to have in stock, awaiting the next slab house they buy?

Almost any asset could be short-term, but they’re commonly stocks, high-yield savings accounts, corporate bond funds, treasury bills, or money market accounts.

There are investors predicting a downturn and there are investors predicting a continued strong market. 

Any build up I am not saving for, typically goes into the stock market.

Just stock the 5 gallon buckets in your garage, shake em and go. 

Some has to do with what you think the stock market will be doing between now and retirement.if you are filing married joint return with a taxable income under $315,000 from all sources, then you are probably "ok" for fairly "simple" tax reporting and not a lot has changed except you will be paying a lot less in taxes.

@Benny Gelbendorf I did not make a market prediction the Ohio market.