They Told You to Buy the Sun Belt… Now It’s Down 25%

They told you to buy the Sun Belt. Austin. Florida. Texas. Follow the migration. Follow the growth and now some of those markets are down 20 to 25 percent. Supply is flooding in. Rent growth stalled.So what happened?In this episode, we break down the speculation trap that pulled investors into “hot” cities, why overbuilding always follows hype, and how migration trends during the pandemic distorted reality.If you are underwriting based on future rent growth, rate cuts, or appreciation, you are not investing. You are gambling.The herd is learning that lesson right now.This episode is about fundamentals, discipline, and how to avoid getting crushed when the cycle turns.