You look at the @CoreLogicInc YoY appreciation map across the regions of the country where the pessimists have been predicting a real estate crash for 11 years now.
$MRVL S&P trade
Defensives on weakness
DON'T chase momentum bounces
DON'T deploy more than 10%
WAIT for capitulation (1-2 weeks)
THE PATIENCE GAME CONTINUES
When we have 35-40% of number of homes we need for sale to be in a โnormalโ market, but in the entry level housing market, that is massively under supplied because builders canโt make profit building it. If you buy these affordable properties, you own an asset that is very scare
May 2020, searching for a property in CO, found a new construction development that was perfect, but no units were listed. I went up to the broker who sold all the units new and said "if you can find me a unit in here, you can represent both sides". 24 hours later, under contract