Scott Trench

Hello all! I am in a dillema and that is whether I should purchase an engagement ring or use the money to put down on my first house. Here is some info about me: My girlfriend and I have been dating for 6 years (since 8th grade) and I have no doubt in my mind that she is the one I want to marry. Since December 2018 I have been a member of bigger pockets, studying and reading as much as I can about real estate.

The first high level point, for me, is that I think that the housing market is about to see a huge regional variance. Over the next few years, some markets will see appreciation and rent growth, and others will see severe corrections. If I had to guess, on a national basis, I'd expect to see deep correction/crash declines in multifamily real estate (5+ units) and more muted declines or close to flat prices in single family housing in 2024 and beyond, with 2-4 unit properties somewhere in between.

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