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Looks like the rents didn't keep rising as extrapolaters extrapolated, but the carrying costs went up "Bigly"

"I'm on a fixed income, besides, this is a concrete and steel building. Our home back in MN, MI, NY is made of wood and..."
As far as this unit
https://www.zillow.com/homedetails/1700-Annabellas-Dr-Panama-City-Beach-FL-32407/87629985_zpid/
Sold on 1/13/2026 for $232,000
Sold in 9/2023 for $280,000
Sold in 10/2021 for $235,000
Sold in 8/2011 for $139,000
The Panama City Beach townhome's sales price appreciated around 3.75% from 2011 o 2026.
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https://finance.yahoo.com/news/pimco-kiesel-called-housing-top-160339396.html?source=patrick.net
Bond manager Mark Kiesel sold his California home in 2006, when he presciently predicted the housing bubble would pop. He bought again in 2012, after U.S. prices fell more than 30% and found a floor.
Now, after a record surge in prices, Kiesel says the time to sell is once again at hand.