From my view in Florida, I don't see much downside risk in 2022 - 2024 for housing at this time.

First, we have a major undersupply of reasonable priced homes.

Builders are not building them, with supply chain and other issues, they won't be building sub 200K houses anytime soon either.

Apartments are also at capacity. They have zero incentive to lower there rents anytime soon either. There is not enough new construction starts on those also.

2nd, EVERYONE is wanting to move here. Miami alone is attracting what once was wall street in NY. Tampa and yes Orlando even.

I suspect, this will INCREASE in 2022, as international travel opens up, those lock downs in other country's will have the same effect in migration. Realtor's here have cash buyers in those country's waiting on standby as soon as all the BS ends.

3rd, Well IF we get dicey out there with the politics. Southern states will be where you want to be. Nuff said on that.

That said, we do have a couple investments that we would exit on in housing and I'm watching that closely come 2023, the others a long term hold.