that may keep entry level homes pretty strong. There is a shortage of housing units. Because of that, I am not sure it will get really bad. We will see. I read an article about renters bidding on rental properties to live there. Not sure how prevalent that is - seemed like the story might be a little sensational.

I think it is still a great time to buy into multi-family housing. SFH unit demand may soften a bit, but I expect that it will be felt more and higher dollar homes. I don't expect much softness in entry level homes. For a "crash", I would watch entry level homes, condos and townhouses, not multi-million dollar homes. Headline statistics are sometimes misleading too. Lots of people may not know it, but there are more millennials now than Boomers and Gen Z is also now larger than Gen X.

This blip has very different causes than 2008 that had both artificial supply and demand, plus a lot of stupid financing. The rental market was not stretched at all. 2008 was different versus anything in history. History is a good teacher.