Real estate bubbles have come and gone. From New York to Miami to Los Angeles, prices have exploded over the past 5 years, but does price appreciation alone mean there is trouble in the midst? Not alone. Increasing numbers of financings are done with ARMs, according to Business Week. In addition, more and more people are grabbing up “Fixers” that are simply not worth fixing. They pour more money in then they will get out. In steaming markets like Los Angeles, fixers are selling close to market value anyway.
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Article Author: Joshua DorkinJoshua has written 570 articles for us.
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Joshua Dorkin (@jrdorkin) is the founder and CEO of BiggerPockets.Mr. Dorkin's vision for BiggerPockets has helped to propel it into becoming one of the top real estate destinations online. His vision for the site and its future has brought national press attention to both Mr. Dorkin and to BiggerPockets.
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