That only occurred one other time since that data became accurately available in 2006 (occurred in 2021, also).Ignoring other metrics besides price does turn a blind eye to the fact that the market has changed.

Whatever you do, just make sure you have some type of operating agreement in place so you both know the details of the investment & what to do if there are any issues down the line, or when payouts and all that good stuff occurs.

This would only occur if the husband is engaging in business practices that by their nature are designed for the very purpose of escaping personal liability.

@Alan Craft - Another thought occurred to me.

You should also determine asap if anyone is scheduled or considering moving out (or if already vacant), and require the seller to NOT fill any current vacancy or any that does occur prior to closing.

That didn’t occur to me because I’m inside the perimeter and wanted something closer lol but very good idea I’ll analyze tonight

I doubt it matters what jurisdiction this occurs in -- not doing so exposes the REALTOR to more liability.

A lender cannot legally bind you to a house and life events occur all the time.

Occurred to me that maybe I should just pay the minimum required (PITI) and save up the extra cash to buy another property...Opinions on best strategy?

@Doug Norton other critical issues include: decreasing availability of water and increasingly poor air quality, and an impending earthquake that is anticipated to cause significant total loss rates for the un-reinforced masonry buildings that make up much of the housing stock in the city...obviously, nobody knows when that will occur, but geologists generally agree that the earthquake is a matter of "when", not "if" (yet, my impression is that very few property owners have earthquake insurance)...it's hard to know how these issues will play out, but there is evidence that one or more of these issues will become un-ignorable on a 10-30+ year timeline.ADUs are an interesting prospect, but the last time I got quotes for building an ADU in SLC, the numbers really didn't make much sense in terms of ROI as a long term rental...of course, people build ADUs for reasons other than ROI, so it will be interesting to see what happens...Between the world-class outdoor attractions, events like Sundance Film Fest, and all the other attractions of the city and surrounding area, I would think that demand for STRs could be pretty huge...the city doesn't allow STRs, but as you mentioned, that doesn't stop people from doing them, and my impression is that some folks have cleaned up using ADUs as STRs...As with any place, the SLC RE market is highly localized, and there's a solid argument that the desirable neighborhoods (the Aves, the U, Sugarhouse, E Millcreek, and most stuff on the E side) will always be in high demand--everyone wants to live in these areas, and there's limited supply.