Happy Holidays Rich! Thank you so much for all your posts throughout the years! Much appreciated as always!

I recall the question couple of years ago was how this will all play out. Looks like it is a slow correction in value, where there is low transaction volume with sellers and buyers both not eager to act and monthly payment is relatively very expensive. Unless a catalyst comes to force either side, my prediction is slow grind at below inflation and thus negative real price change until income catches up in 4 to 6 or so years. Real estate will go back to something people buy to live in rather than speculate until then.