You must be logged in to reply to this topic.
-
Very interesting, thanks for sharing. I also try to read a lot about this and agree it is time to be very cautious. But at the same time in our market (tampa bay area) we are still filling vacancies extremely quickly. We’ll put the for rent sign up and have it rented in a few days sometimes before getting a chance to post online. Could be just luck, but things may have been so depressed that there was room for a frenzy of investor activity at the bottom and we are slowing down to hopefully reasonable growth that mirrors population growth, wage growth, new employment, and not artificial factors …till the next downturn of course. There will always be a cycle, but the next may not be specifically tied to real estate like the last.
At the same time we definitely sold and are selling a couple more to take some “chips off the table” while the retail market is still strong. Caution is top of mind, but if the numbers work for a nice house in a nice neighborhood as a profitable rental we are always buying.
You must be logged in to reply to this topic.
