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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Joshua DorkinJoshua has written 539 articles for us.
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BiggerPockets.com was founded by Joshua Reed Dorkin in August 2004. An entrepreneur, web designer, real estate investor, and one-time realtor, Joshua was not satisfied by the online offerings of other real estate sites out there, and decided to build one himself. 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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