If inflation cranks up, recession or not the rates will rise to offset, most likely.

Maybe area rents are on the rise.

Right now, capital is flowing into multifamily for various reasons, such as demographic shift to renters, world wide economy looking for a return, and the rents have been rising the past few years.

Rates will rise and people and companies will not be able to service their debt,  this will be when there is blood in the streets.  

I’m looking to stay around $225k or under.I live in Metro Detroit (Oakland County) and it seems like the market is slowing down a tad compared to the last few years when prices were rising off the charts.

There are definitely no guarantees that the market is going to continue to rise. 

I know this authority is coming from the West coast however I was at an event and Bruce Norris was the keynote well regarded west coast investors and HML.His position is until we have a significant rise in foreclosures at the courthouse ( right now at about an all time low) and when fully 1/3 of MLS listings are then short sales

Cost of living goods and services and housing all rising fast.

But I needed more info.Watching videos of past winters' waters rising in the same town, but not affecting this property......calling my ins. agent to validate premiums, validating that it's not in floodzone.... calling my finance officer , asking if this would be an issue....and other miscellaneous research .

If you put 20% down, it's already below the min.That's why condos are so cheap and hard to sell - cash is most likealy the answer.I have 8 paid off townhouses and can't finance any - just private loans, HELOC (my primary home) and credit cards.Maybe when prices rise above $100K