My friends holding second and third homes should start discounting now and push their Realtor hard to get it sold. You want to be first on this, not last. The pain happens 4-6 months ‘after’ reset.
That pain in Real Estate is just beginning. There will be some spill-over on the profitless (bag of smoke persuasion) technology side.. but free-cash-flow producers should weather the storm pretty well.
I know you’ve convinced yourself that it’s rented and you can ride it out, but rents could start dropping and being an absentee landlord is a pain in the ass. I’ve done it.. It’s not worth it.. Cut and run now.