On the other side, everyone's a little reluctant when markets soften. There really is no easy answer here. Assess the risk for yourself; try and understand probabilities as objectively as possible, and make a determination for yourself.
Multifamilies are an accessible entry point for many due to the income producing units that mitigate the financial responsibility... But you have to have a good attitude about being a responsive landlord.
yes it is insanity.
here's who is paying a million to buy in bed sty.
Perhaps they know something you don't know.
Perhaps they have solutions you have not considered.
Perhaps you are using faulty information.
As Joseph stated, "Folks live where they wan to live."