Paul Moore is the Founder and Managing Partner of Wellings Capital. Low risk always leads to low return. High risk can lead to potentially high return or high losses. After 10 years of near constant appreciation, we need to figure out if prices can keep going higher. Never mistake a bull market for genius. The real estate crash will happen in these high tax states and could lead to depressed sales in low tax states. And beware of higher interest rates, they may well be coming.