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RE: Scaredy Cat Guide to Real Estate Investing – Part VIII – The Sales Contract (Items to know)
Sounds similar to the Texas market. Houses are selling for above asking price and not even staying on the market a few days, if they even make it to market. Seems so similar to the 2007 time frame, kind of scary.
Yeah - I know Houston has gotten a bit crazy of late. I was looking out there a little last year. May take to the midwest. Ohio prices are affordable, you won't really ever see appreciation, but the rent to price ratio is good.
I don't think we are quite 2007, but not far off. Plus, the market isn't fueled by no doc loans this time so the landing will be much softer, but a pullback in the next couple years would not surprise me. That's why the key is to buy right. So long as the property cash flows, don't have to care if value goes up, down or sideways.
Thanks for the insight