Mon, 16 Sep 2013, 5:53am PDT
If rates were near 5% it would probably be fine. When rates get too high, you get all those unproductive worthless cash investors gobbling up all inventory everywhere cannibalizing the poor.
When AF jokes about cannibalism... it's all just too real in real estate business.
Mon, 16 Sep 2013, 7:12am PDT
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It's not a "bubble" if the media is calling it a "bubble."
It's a bubble when the media is warning everyone to buy now or be priced out forever.
Uh, do you read ANY MSM news?
For those of you on the Peninsula/South Bay, there is a sign in San Mateo hanging on a shitty looking apartment complex located next to the 101, near the 3rd ave exit, on the western side.
It says something to the effect of, "Invest your 401K in a cash flow positive property."
I'm pretty sure E-man, pkennedy or Iwag hung it. Maybe Robertoegads101 took a day trip up here to advertise.
Mon, 16 Sep 2013, 7:46am PDT
OMG is this all so much thoughtless bs. Please write another article that talks about "affordability" and "all cash" buyers as if they both are of equal interest to readers.
You, the average American reader, must really care about all cash buyers! As if that's people who just have a bunch of money and say, "Hell, I'm paying all cash on this sucker!" That's so obviously the institutions buying up houses like issues of stock.
please recommend patrick.net to your friends