WAY TOO MUCH INVENTORY!
For those who are seasoned RE investors,
what does it mean when there's loads of inventory in your local market?
Just yesterday someone decided to drop a 33 house portfolio in Decatur! An area where I shop fervently. 33!!!
He's going for $155k per door regardless it's value.
Is an increase in inventory a good or bad thing? Becuz I'm witnessing an overflow of inventory in this market.
Thoughts?