I did a few flips and owned a rental property back in 06-07 before the market crash up in Salt Lake City, UT but haven't done anything since and can't wait to get back into it!

The average tenant stay is over five years, and our clients had no rent interruptions or decreases during the 2008 crash and COVID.

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Even if there is a crash, and people downsize, those people will have a need for self-storage, as evidenced by storage occupancy rates during past recessions.And during inflationary times, our rental rates increase.

If it crashes?

Look to hold this home for a lifetime and create crash flow for life.

Came across this article https://www.msn.com/en-us/money/markets/the-next-housing-crash-could-be-caused-by-weather-not-wall-street/ar-BBPiaJq.

I don't think we will see a crash, but I am keeping an eye on the numbers to see how quickly things might come down. 

A note from my GC - do inspections on Fridays when folks are in a good mode right next to the weekendSurprisingly, more municipalities are becoming favorable towards ADU [even CA is adding tax credits] as there are housing shortages since the ‘08 crash slowed new builds to keep up with demand and accelerated recently with the shuffle of folks since Covid 

I sense pricing is high as well, and that we have reached the top of the business cycle with respect to multi-family.There was a run up in pricing after the last crash.