If you come visit make sure it’s in the summer unless you just really want to experience some cold weather :)

I am not all gloom and doom, but also not one who is placing 5% appreciation in my forecasting models at this present time. 

Regardless of weather this is a good strategy or not, you're not going to find a title company that will accept credit card funds at closing, so that means you'll have to take a cash advance from the cards and the cash advance interest rate is most likely higher.

I don't think most newer investors could comfortably forecast either to the point that I can rely on it definitively including myself.  

@Kiko Mattoso look to buy property/s in states with more favorable weather for year round STVR occupancy.

However, unless you are house-flipping, playing the long game will weather the ups and downs of the market. 

This is the reality right now for many people who live in Southern California they need to make at least 156k weather combined or individual to stay here and buy a home. 

However, first ask yourself if you have ample reserves for capex, repairs, essentially a large enough buffer to weather a bad ‘storm’ or two.

The opposite however could also occur if demand for real estate declines, this could also lead to lower inflation, which would in turn eventually lead to lower interest rates and thus relieve the burden on those who previously experienced it... it's just a question of how long that process takes which will likely dictate how many foreclosures there are... interest rates tend to lag behind inflation weather up or down.

Hope you will enjoy the weather and food here.