You can predict that real estate always goes up over time.  

Don't get in the business of trying to predict the future.

You can tighten this through proper underwriting but you can't predict it with 100% accuracy.

I've seen A LOT of issues with new construction: using the cheapest materials available and cutting every corner possible, gaps between sill plates and walls or around windows and doors that you can see daylight through, offset sewer lines because of settling or someone driving heavy equipment over the line, black mold in the walls, testing positive for meth, foundation settling (harder to see it or predict it with newer homes whereas old ones have already settled) etc. newer definitely isn't always better.

Predicting the exit price when the cost of labor, supplies, and capital going up can be tough right now.

Here are the results of their predictive credit model.

From that point forward every problem this landlord encountered was of his on doing.None of the rest of the account was of any surprise to me and predictable based entirely on his inability to manage tenants, contractors or PMs.

I wouldn't try to make plans around the prediction - "the market will hopefully be going down, allowing our money to go further".   

Whether a property rents for $800 or $2,000, a water heater is a water heater, a furnace is a furnace, a roof obviously varies by size, but cost is pretty predictable, etc. 

My prediction is that you lose and end up paying costs besides.